COMPANY REGISTRATION NUMBER N1062808 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 DECEMBER 2024 Charlty Number NIC103336
WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGE Charity reference and admlnistratlve detalls Trustees Annual Report Independent examiner's report to the members Statement of financial actlvlties (incorporating the income and expenditure account) 11 Balance sheet 12 Statement of cash flows 14 Notes to the financial statements 15
Page 1 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE CHARITY REFERENCE AND ADMINISTRATIVE DETAILS YEAR ENDED 31 DECEMBER 2024 Registered ch#rAty name Willowfield Parish Community Association Charity registratlon number NIC103336 Company regtstratfion number N1062808 The trusteej Th¢ tru8t¢¢8 who served the company during the period were as follows: Rev Clive Atkitison Stephen Harte Pauline O Neill Isobcl Blair Colin Birnie Peter Clugston William Withers Ruth Glover Roisin Hughes Wayne Mulholland Chairnian Treasurer Company Secretary (Resigned 13 SepteJnb¢r 2024) (Appoint¢d 10 June 2024) (Appointed 10 June 2024 and resigned I l February 2025) The trust¢es have delegated day to day management duties to Heather Purdy. Secretary Pauline O Neill Registered offi¢e The Micah C¢ntr¢ 149A My Lady's Road Belfast BT6 8FB Independent examlner GMCG Portadown Chartered Accountants 17 Mand¢vill¢ Street Portadown County Amiagh BT62 3PB Bankers Danske BaDk Donegall Square West Belfast BTI 6JS
Pago 2 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The trustees present their report and the flllancial statements of the charity for the y¢ar ended 31 December 2024. The trustees have adopted the provisions of the Statement of R¢cornm¢nded Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charlty. The fllMncial statements have been prepared in accordance with the accowiting policies set out in notes to the financial statements and applicable accounting standards, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of treland (FRS 102), the charity's governing document, the Charities Act (Northern treland) 2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. Companies Act 2006 and UK Generally Accepted Practice. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered charlty name Charity reglstratlon number Company number Registered office The Micah Centre, 149A My Lady's Road. Belfast. BT6 8FE The trustees have delegated day to day management dutie5 to Heather Purdy. Independent examlner GMCG, Chartered Accountants, 17 Mandevill¢ Street, Portadown, County Armagh, BT62 3PB Danske Bank, Donegall Square West. Belfast, BTI 6JS Willowfield Parish Community Association NIC 103336 N1062808 Bankers TRUSTEES OF THE CHARITY The directors of the charitsble company are its trustees for the purpose of charity law. The trustees who served during th¢ year and since the year end were as follows: Rev Clive Atkinson Stephen Harte Pauline O Neill Isobel Blair Colin Birnie Peter Clugston William Withers Ruth Glover Roisin Hughes Wayne Mulholland Chairman Treasurer Company Secretary (Resigned 13 September 2024) (Appointed 10 June 2024) (Appointed 10 June 2024 and resigned I l February 2025) PUBLIC BEIYEFIT STATEMENT The Board of Willowfield Parish Cotnmunity Association (WPCA) confmn that they have bad due regard for the guidance produced on Public Benefit by the Charity Commission for Northern Ireland, and are pleased to report that duTing 2024 the Association has continued to provid¢ Public Benefit8 through the programmes and facilities we offer.
Pago 3 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (¢onllnvodJ YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIKS The objects of th¢ Association is to relieve poverty, si¢kn¢$s and the aged and to promote the benefit of the inhabitants of Willowfield, Woodstock, Lagan Villag¢, th¢ Mount and th¢ sutrounding area in East Belfast without distinction of age, gender, sexual orientation, disabilitylability, race, political, religious or other opinion, by assooiatillg with the statutory authorities, voluntary orgaDisations and the inhabitants in a common effort to advanc¢ ¢ducation, and to provide facilities in the interests of social welfare for recreation or other leisure-time occupatio]4 with the obj¢ct of improving the conditions of life for the said inhabitants, and in particular: a) Childr¢n (Pre-school and Primary School Ages) b) Tc¢nag¢r8 c) Unemployed Adults d) Single Parent Fan)ilies e) Families struggling with poverty and deprivation fj The elderly and vuln¢rabl¢ ACHIEVEMENTS AND PERFORMANCE Totsl income for the year was £480,753 (2023: £367,869). Donations and legacies income amounted to £395,860 (2023: £367,268), inveslment Income amounted to £2,258 (2023: £601) and other income amounted to £82,635 (2023: £Nil) which was the gain arising on the sale of the property at 91 Ravenhill Road, Belfast in January 2024. Total expendittlre for the year amounted to £346,252 (2023: £360,135). Project management costs amounted to £82,788 (2023: £79,733) and the c08ts of charitsble activities amounted to £263,464 (2023: £280,402). The net income for th¢ y¢ar was £134,501 (2023: net income of £7,734). It has been a busy and productive year for WPCA in 2024. We started the year by wel¢oming 2 Sdellts from Taylor Univ¢rsity in Illinois, USA. Keira and Mark joined us as part of their terni at Stranmillis University Coll¢g¢ and their placement with us saw them lead a Paint and Play progran]me with a 0Up of primary aged children. They spent six weeks working with us, taking part in our youth and children's proaM¢S and we were delighted to to build on this link with Stranmillis University College and to benefit from th¢ ski118 and ¢nthusiasm of our American visitors. At th¢ start of Maroh, we celebrated 15 years of Christians Against Poverty Debt Advice in North¢m Jreland with a special service in Willowfield Parish Church, We heard how 1300 people in Northern Ireland have gone debt free during this time and at WPCA we were able to celebrate that our own D¢bt Centre has been rLU)ning for 14 y¢aTsI Our adult clubs and groups continued to thrive with Op¢n House, Hobby Club, Women's Drop in and Men's Youth Club meeting weeldy and welcoming new people on a regular basis. Our Men's Cury nights saw over 100 men attending and th¢ tllen benefitted from outings to the north coast, We aT¢ V¢rtigo. golf and go karting. Open House continued with its programm¢ of welcoming guest speakcrs such as Rosie Hickey? Heritage officer from the Strand Arts Centre. representatives from the Jobs and Benefits office and benefitting from input from the East Belfast Community Development Agency Health Team as well as enjoying games of pool. curling, boccia, and som¢ 8¢S8ions of "rest and reflect"
Page 4 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (contlnu•dJ YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENTS AIW PERFORMANCE Our Lip Sync Battle in March raised £1900 for NI Hospice and was a fantasti¢ night with creative acts performing to a packed bousel We benefitted from a staff trip to Dublin to visit the Solas Project who work in a disadvantaged area in inner city Dublin. We heard from two m¢n whose lives had been bugely impacted by long temi drug habits and criminality but who have managed to turn their live8 aTound. This trip came as a result of some of ow families presenting with issues around drug abuse within the family. As thts is an area we haven't previously worked this fact finding trip was excellent in helping us to identify how best we could support local families. As a result of this, we stsrted a group called Talk About DNgs (TAD) in April with the aim of bringing parents together to Provide them with inforn]ation on how they could identify drugs, different typ¢s of drug abuse, how to help someone who has overdosed, what the police response to a report of dg misuse would be. Working alongside East Belfast Alternatives, our family support team put a programme together with input from PSNI, GPS, phannacists, ASCERT, Belfast Drug and Alcohol Coorditiation Team and a fornier drug user, as well as a parent perspective. In April, we were invited to attend the Committee for Communities at Storniont as part of a d¢l¢gation from the Neighbourhood Renewal Project funded by the Departsnent for Communities. The Committee were very supportive and had a good understanding of the issues faced by the Neighbourhood Renewal Groups in ternis of sustainability of funding and members of the conmiittee highlighted the crucial role that Neighbourhood Renewal projects play in local communiti¢s, supporting those who are most disadvantaged. We were also able to bring a group of our volunteers to Storniont to celebrate the completion of the STARS (Striving Towards a Restorative Society) course on confiict resolution completed through East Belfast Alternatives. They had a lovely evening joining with other groups who had also completed the course. Our family support team again combined forces with East Belfast Alternatives to run the Safe Parents programme, bringing local mums together to help them engage with support servlceg and to deal with issues that they were facing. This ran from Easter until the summer break. We enjoyed a visit from representatives from the King Charles III Charitable Trust who Can to visit the project they had funded and hear about our work supporting women and families. We also welcotned Trustees from the Irish Youth Foundation who came to hear about our youth work. Our CAP debt advice continued to grow with our new debt coach, Linda, completing her training and beginning to see new clients, thereby increasing our capacity. A team of dedicated volunteers entered the Belfast City Marathon relay to raise much needed funds for our Centre. The CIiP team also took a stand at the Holywood May Day celebration to raise fiffther funds for the Centre. At the end of Mayy we took part in a community day organised by the Titanic Historical and Cultural Society which saw ov¢r 3000 people join In a street paty with music, carnival ride5 and food. Our Kids and Youth programmes continued to be busy with our parents and toddler group Seeing upwards of 80 people attending ¢ach week! We ran Kids Kitchen, teaching local children how to Cook healthy meals and the importance of nutrition, CEAG tutoring dance group lads club and Kids Klub on Friday nights and our usual schools work of taking assemblies, participating in Boards of Govffliors and supporting children as they transfer from primary to secondary school. Our Youth team continued the Leaders in Training Programme (LIT), with the young people rnntiing a really Successful event for families and gaining leadership training. Active youth, football club and girls group, along with schools work in Breda Academy kept our youth worker busy. We also ran our
Pago 5 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT fconllnuedj YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE Iconrtnyed) Youth Residelltial, Great Escape, for the first tlme since Covid. taking 22 young people to Enniskillen for a week of activities and personal d¢v¢lopment. Our Summer Schemes had over 300 people in attendance acrosg 2 week8. We had two weeks of Sun)mcr Sch¢n]¢s for parent and toddlers, and sarat¢ Summer Sch¢mes for PI-P3 and P4-P7 with a mix of activities to plac¢s lik¢ Lisburn Leisure Centre, Dundollald Ic¢ Bowl, Ornieau Park and Streamvale Farni. One parent said, "I sent my children because they love the club that Willowfield hold throughout the year. they love all th¢ leaders especially Charlene. Also, there is not much for children to do in this area. And it takes a lot of pressure off working parents who feel they can't do as many activities through th¢ summer." In the Autumn, we ran three indoor boot sales to fundraise and we welcomed Willowfield PAIS tea who helped out with our Kids and Youth Programmes. We welcomed another American placement student, Abbi¢ from Gordon College in Boston who was studying at Stranmillis University Coll¢g¢ for the autumn term. She helped out with our Kids and Youth Pmw]mes. Our Peaced Together courses ran all year and saw women deal with issues caused by traumas in their past whilst completing craft projects. In the up to Cbristmas, we held our Christsnas Tr¢¢ Festival with trees decorat¢d by 13 local businesses, 15 c0j]nUttlty groups, 5 local schools, 2 lo¢al Ron1 Catholic congregations and 19 groups from within Willowfield Parish Church and WPCA. We were delighted to welcome several MLAS, 2 MPS and some of our local Belfast City Councillors to the festival. The local community turJ)¢d out in force and enjoyed music from Nettlefield Primary School Choir, local musicians, Cregagh Presbyterian Handb¢ll Choir and Renaissance Choir. Througbout the year we have benefitted from collaborating and partnering with other local organisations. Our involvement in local forums and network groups is a real Strength, keeping us infom]ed about everything that is going on in the area, and providing USefi conta¢ts to share ideas and resources, and offer complementary services to best support each other and the local conununity. In the autumn, we also started a strat¢gic review of the organisation with a vi¢w to putting together our next 5 y¢ar plan and Theory of Change. We ¢xp¢¢t this process to tske about a ycar and will publish our plan in Autumn 2025. Staff and Volunteers Our stsff team bas on¢¢ again gone above and beyond in ternts of providing support and a listening ear to everyone we come into contact with. Many of our staff live in the local community aud all staff have a real heart to see lives in our community improved and pr¢ssur¢s lifted. We are so grateful to our volunteer team who give so seltlessly of their time and who juggle their own busy lives with helping us to meet the challenges iti the community around us. Our Staff t¢am has seen little change this year. Our Administrator, Alice Mccallum went on maten)ity leave in September and we were joined by Craig Seawright in December who is taking on some of the administration until Alice returns in the summer of 2025. We w¢l¢om¢d two new Trustees this year, Roisin Hughes and Wayne MuIholland and said goodbye to Isobel Blair, who has been on the Board for 12 years. We are hugely grateful to Izzy for her dedication to WPCA over the years and wish her all the best as She moves on.
Page 6 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (conllnuodj YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW (Includlng reserves pollcy) At the end of 2024, there is a £220,976 of a surplus in unrestricted funds, of which the Board has set aside £155,954 as a salary reserve repr¢s¢nting 6 months, salary costs. and there is a surplus on restricted funds of £536,206. The restricted fimds rcpresent a capital sum for fixed assets (the building) of £498,029 and revenue sum (cash) of £38.177 (see notes 19 and 25 for full breakdown). The Board 18 so grate1 for the donations and grants we received during 2024 from many cbarities, grant making bodies, churches and individuals including: Anton Jurgens Charitable Trust, Archer Tnt, Barclays Community Footb811 Fund, Belfast City Council, Beltrim Charitable Trust, Benefact Trust, Cash 4 Kids NI, CFNI Nourish of the Nation, Church of Ir¢land Orphans and Children Society, Chuwh of Ireland Priorities Fund, Coca-cola Thank You Fund, Department for Communities, Department of Foreign Affairs: Reconciliation Fund, EBCDA, Education Authority, Enkalon Foundation, Esme Mitchell Trust, Garfield Weston Foundation, Hinchley Charitable Trust, Irish Temperance League, Irish Youth Foundation, Maurice & Hilda Laing Charitable Trust, TBF & KL Thompson Trust, Tudor Trnst. Tesco Footie for All, Tudor Trust, Ulster Garden Villages, Victoria Homes Trust, Willowfield Parish Church and other donors who wish to remain anonymous. The policy of the Management Committee is to maintain reserves at such level as limits the risk from a fvture downturn in income or from incr¢a8ed expenditure in the longer tern], including expenditure on fjxed assets. PLANS FOR FUTURE PERIODS The charity plans to continue the activities outlined above in the forthcoming years subject to satisfactory funding arnngements. STRUCTURE, GOVERNANCE AND MANAGEMENT Governin Docum¢nt Willowfield Parish Community Association is a charitable private company limited by guarantee and not having a share capital, whose registered office is situated in Northern treland. The Company was incorporated on 24th January 2007, commenced operations on 1st Januw 2008 and is recognised as a charity by Th¢ Charity Commission for Northern Ireland (charity reference number NIC 103336). The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Recrnitment a ointhi¢nt induction and trainin Unless otherwise deterniined by the Association in General Meeting* the number of Trustees shall not exceed fifteen and shall not be less than five. The Board Shall Comprise of The Chairperson (and Trustee) who at all times will be the Rector of Willowfield Parish Church or other person appointed by him/her to act in that capacity and the number of tnteeS appointed as follows, half of whom shall be appointed annually by th¢ Select Vesty of Willowfield Parish Church, to b¢ known as "nominated ilstees and half of whom shall be elected at the Annual General Meeting (AGM), to be known as "elected trustees" All trustees shall be members of the Association. Ele¢ted trustees shall hold office for a period of up to two years and shall retire by rotation, with the longest serving half to retire at each AGM. Retiring (elected) ttwtees shall be eligible for re-election. The number of nominated and elected trustees shall remain ¢qual at all tim¢s.
Pagg 7 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (eontInu) YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT (¢onllnu•d) The trustees have the power at any time to appoint any person to be a trust¢e to fill a casual vacancy. Any tNstee so appoint¢d shall hold office only until the next following AGM and th¢n shall be eligible for re-electionlnomination. Appropriate training and induction is available to all ttvstecs. Risk Mana ¢m¢nt The trustees have assessed the major risks to which the charlty is exposed, in particular those related to the operations and finances of th¢ Charity, attd are satisfied that systems are in place to mitigate an exposure to major risks. Wh¢re appropriat¢, syst¢ms or procedures have been established to mitigat¢ the risks the charity faces. Internal control risks are minimis¢d by th¢ implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors. These procedures are p¢riodically reviewed at least annually to ensure that they continu¢ to meet the needs of the charity. anisational Structure The Board meets on a regular basis througbout the year, and by careful analysis of management accounts considers if th¢r¢ &T¢ any nrdjor risks to the illre and to ensure that the company is a going conc¢rn and able to continue its work to ben¢fit lo¢al residents in the Willowfield area of inn¢r ¢ast B¢lfast. TRUSTEES• RESPONSIBILITIES STATEMENT The trustees (who ar¢ also the directors of Willowfield PaTi8h Commutttty Association for th¢ purposes of company law) are responsible for pr¢paring the Trustees Annual Report and th¢ fllwncial stat¢m¢nts in accordance with applicable law and Unit¢d Kingdom Accounting Standards (United Kingdom Generally Accepted Accoullting Practice). Company law requires the trustees to pr¢par¢ financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing thes¢ financial statements, the trustees ar¢ r¢quired to: select suitable accounting policies and then apply them consist¢ntly observe the methods and principles in the Charities SORP 2019 (FRS 102). make judgetnents and accounting estinmtes that are reasonable and prudent. state whether applicabl¢ UK accounting standards have be¢n followed, subject to any material departures disclosed and explalned in the fallela1 staten]ents' and pr¢par¢ th¢ finan¢ial statements on the going conc¢rn basis unless it is inappropriat¢ to piesume that the charitable company will continue in operation.
Pago 8 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (conllnuad) YEAR ENDED 31 DECEMBER 2024 TRUSTEES, RESPONSIBILITIES STATEMENT (eondnued) Th¢ trustees are responsible for keeping adequate accounting records that disclose with r¢asonabl¢ accuracy at any time the fmancial position of the charitable company and enable them to ensure that the financial statements Comply with Companies Act 2006. They are also responsible for saf¢guarding the assets of the charitable company and hence for tsking reasonable stq)s for th¢ prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit Inforntion of which the charitable company's independent examin¢r 18 unaware. and the trustees have taken all steps that they ought to have tsken to make themselves aware of any r¢levant infonnation and to establish that the independent examiner is aware of that inforn)ation. The trustees are responsible for the maintenance and integrity of the corporate and financial inforn]ation included on the charitable company's website. Legislation in the Unit¢d Kingdom governing th¢ preparation and dissemination of financial statements may differ from legislation in other jurisdictions. INDEPEIYDENT EXAMtNER GMCG Portadown Chartered Accountant5 has been re-appointed as independent ¢xaminer for the ensuing year. SMALL COMPANY PROVISIONS This report has been prepared in accordance with th¢ special provision5 for Small companies under Part 15 of the Companies Act 2006. Registered office: The Micah Centre 149A My Lady's Road Beflast BT6 8FE Sigmed by order of the trustees Pauline O Neill Company Secretary
CIIARTP.IEP hCC(IUNfAtr4T# Pag8 9 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF WILLOWFIELD PARISH COMMUNITY ASSOCIATION YEAR ENDED 31 DECEMBER 2024 I report on the aountS of the charitable company for the year ended 31 December 2024 as Set out on pages 11 to 32. RESPECTKVE RESPOIYSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER The charity's tnte¢S (who are also the directors of Willowfield Pwish Community Association for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit ullder company law and is ¢ligibl¢ for independent examination, it is my r¢sponsibility to: examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008. follow the procedures laid down in the general Directions given by the Charity Con]mission for North¢rn Ir¢land under section 65(9)(b) of th¢ chariti A¢t' and state whcthcr particular matters have come to my att¢ntion. BASIS OF INDEPENDENT EXAMINERIS STATEMENr I have examin¢d your clMLity accounts as r¢quired under section 65 of th¢ Charities Act and my examination wa8 Caled out in accordance with the general Directions given by the charity Commission for Northcrn Ireland wider section 65(9)(b) of the Charities Act. Tr ¢xatnination includ¢d a review of the accounting r¢cords kept by the clwity and a comparison of the accounts present¢d with those records. It also includes consideration of any unusual items or disclosures in the accounts, and s¢eking explanations from you as charity trustees concen)ing any such matters. My role is to 8tat¢ whether any llterial matt¢rs have come to my attention giving me cause to believ¢: l. That accounting r¢cords were not kept in accordance with section 386 of the CompaDies Act 2006. 2. That the accounts do not accord with those accounting records. 3. That th¢ ac¢ounts do not comply with the accounting requir¢m¢nts of section 396 of th¢ Companies Act 2006 and with the mcthods and principles of the Charities Statement of Recommended Practic¢ applicable to charities pr¢paring their accounts in accordan¢¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland. 4. That th¢r¢ is fiwther inforn]ation needed for a proper und¢rstanding of the accounts to be r¢a¢h¢d. A]frt¥J Ilo 19AlfrEdStrn lilyrr2 8VA) DX J9AiI NK iiirij1As0 ClryHO 17 Mandevillestrffl VOKTAI)OWN C¥aiKa¥ IIT62 3VB i.ISIiURN Ir128 2GN Td: +44(0)28wJi iAI3 VaL +44(0)989trJi 07n Td: 44(0)289TS It•r +44(0)289260 1656 Td: +44(oW3N33 th11 V•L +44(0)283$029J
Page 10 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF WILLOWFIELD PARISH COMMUNITY ASSOCIATION [nI1u•) YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMtNER'S STATEMENT I can conflrni that l am qualified to undertake the examination because l am a registered member of Chartered Accountants Ireland which is one of the listed bodies. I have completed my examination and have no concerns in respect of matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern treland. I have found no matters that require drawing to your attention. C JIC_tr C M Mccarter FCA (tndep¢ndent Examiner) Chartered Accountants Ireland For and on behalf of GMCG Portadown Chartered Accountants & Ststutory Auditor 17 Mandeville Street Portadown Craigavon County Arnlagh BT62 3PB Date:
Pagg 11 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2024 2024 Unrestricted Restricted Funds Funds 2023 Note Total Total Ineome and endowments from: Donations and Legacies Investments Other 280,728 2258 115,132 395,860 2,258 82,635 367,268 601 82,635 Total In¢ome and endowments 282,986 197,767 480,753 367,869 Expendlture on: Project management Charitabl¢ 8¢tivities (48.489) (187,541) (34,299) (75,923) (82,788) (263,464) (79,733) (280,402) Total expenditsre (236,030) (110,222) (346,252) (360,135) Net Ineome 46,956 87,545 134,501 7,734 Transfers betiveen fund$ 22 92,954 (92,954) Net movement ID funds 139JlO (5,409) 134,501 7,734 Recon¢iliAtion of funds: Totsl funds brougbt forward 81,066 541,615 622,681 614,947 Total fund& ¢arrled forward 19 220,976 536,206 757,182 622,681 The Statement of Financial A¢tivities includes all gains and loss¢s arising during the year. All income and ¢xpenditure derive from continuing activities.
Page 12 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE BALANCE SHEET 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible assets 14 498,029 521,454 Current assets Debtors Casb at bank and in hand 15 3,727 262,088 6,663 124,605 265,815 131,268 Credltors: anjounts falllng due within one year 16 (6,662) (30,041) Net current assets 259,153 101,227 Total asset8 ley5 current Ilabllltle8 757,182 622,681 Net assets 757,182 622,681 Charlty Funds Restricted Unrestricted 19 536,206 220,976 541,615 81,066 757,182 622,681 These accounts have been pr¢pared in accordance with the provisions applicabl¢ to companies subj¢¢t to the small companies regime and in accordance with tharities SORP (FRS 102). The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the period by virtu¢ of section 477(2) relating to small companies, and that no member or members have requested an audit pursuant to section 476(1) of the Act. The directors acknowledg¢ their responsibilities for: (i) ensuring that the company keeps adequate a¢counting records which comply with section 386 of the Act, and (li) preparing fllwicial statements which give a true and fair view of the state of affairs of the company as at the ¢lld of the financial period and of its SluS or deficit for the fancial period in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
Page 13 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE BALANCE SHEET (contlnued) 31 DECEMBER 2024 These financial statements w¢rc approved by the members of the con]mittee on th¢ and ar¢ signed on their behalf by: Rev Clive Atkinson (Chainnan) Stephen Harte Esq (Tr¢asur¢r) Pauhne O'Ncill (Company Secretary) Company Registration Number: N1062808 The nolo8 on pago 1 S to 32 fomi part of th•$0 tlnan¢lal statements.
Page 14 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 DECEMBER 2024 2024 2023 Iyote Cash flow from operatlns Ydetivitles 21 42,271 (15,549) Net cash flow from operating ¥dCtlvltles 42,271 (15,549) Cash flow from Invesdng aetivities Proceeds from disposal of tangible fixed asset Interest received 92,954 2,258 601 Net ev4sh flow from Investlng acdvltlei 95,212 601 Net increase l (decrease) In eash and cash equlvalents Cash alld cash equlvalents at i•t January 2024 137,483 (14,948) 124,605 139,553 CAsh ¥dnd cash equivalents at 31¥t December 2024 262,088 124.605 Cash and eAsh equlvalents conslst of: Casb at bank and in band 262,088 124,605 Cash and eash equlvalents at 31" Deeember 2024 262,088 124,605
Pago 15 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 l. Summary of slgDlfieant accountlng pollcles (a) General lllformatkon aud basls of preparatRon Willowfield Parish Community Association is a clMritabl¢ private company limited by guarantee and not having a share capital and is registered in Nortbern treland. Th¢ address of the registered offic¢ 18 given in the charity infornydtion on page l of these fancIal ststsments. In th¢ ev¢nt of the charity being wound up) the liability in r¢sp¢ct of th¢ guarant¢e is limited to £1 per member of the charity. The Company was incorporated on 24th January 2007, commenced operations on 1st January 2008 and is recognised as a charity by The Charity Con]mi8sion for Northern Ireland (charity reference number NIC 103336). The company was established under a Memorandum of Association which established the objects and power8 of the clmritable company and is governed under its Articles of Association. The nature of the charitable company's op¢rations and principal activities are to relieve poverty, sickness and the aged and to promote the benefit of th¢ inhabitants of Willowfield, Woodstock, Lagan Village, the Mount and the surrounding area in East Belfost without distinction of age, gender, s¢xual ori¢ntation, disabilitylability, race, political, religious or other opinion, by associating with th¢ 8tatutory authorities, voluntsry organisations and the inhabitants in a conmion effort to advance education, and to provid¢ fa¢iliti¢8 in the interests of social welfare for recreation or other leisure-time occupation, with the object of improving the conditions of life for the 8&id inhabitants, and in particular: children (pre-8¢hool attd prinwy school ages), teenagers, unemployed adults, single parent families. families struggling with pov¢ty and deprivation and the elderly and vuln¢rabl¢. The charitable company constitutcs a public benefit entity as defined by FRS 102. Th¢ financial Statements have been prepared in accordanrx with th¢ a¢¢ounting policies set out in notes to the financial stst¢m¢nts and applicable accounting standard, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in Octob¢r 2019, tFL¢ Financial Reporting Standard applicable in the United Kingdom and Republic of Jrcland (FRS 102), the charity's governing docum¢nt, the Charities Act (Northern Ireland) 2008, Charities Act (Northern Ireland) 2013, The cIltIeS (Accounts and Reports) Regulations (Northern ]r¢land) 2015, Companies Act 2006 and UK Generally Accepted Accounting Practice. The fllwi¢ial statements are prepared on a going ¢oncern basis under the historical Cost convention, modified to include certain items at fair value. The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid. The fllwLcial statements are prepared in st¢rling which is the fimctional curr¢ncy of th¢ charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These polici¢s have been consistently appli¢d to all years presented unless otherwise stated.
Pag• 16 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eontlnued) YEAR ENDED 31 DECEMBER 2024 (b) Funds The company has two types of funds for which it is responsible. A defmition of these fimds is as follows: Unrestricted fimds are available for use at the di8¢retion of the trustees in furtherance of the general objectives of the charity which have not been designated for other purposes. Restricted funds are funds which are to b¢ used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of ratsing and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Transfers between funds include transfers frnm uDrestrict¢d funds to cover deficits iti restricted funds. (e) Income All income is included in the Statement of Financial Activities (SOFA) when the chaTity is legally entitled to the income after any perforniance conditions have been met, the amount can be measured reliably and it is pmbable that the income will b¢ received. For donations to be recognised the charity will have been notified of the amounts and th¢ settlement date in WTiting, If there are conditions attached to the donation and this requires a level of perforniance before entitlement can be obtained then income ts deferred until those conditions are fully met or the fulfthn¢nt of those condktions is WAthin the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional seryices are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is deterniined on the basis of th¢ value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A COTresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer tAme in line with the SORP (FRS 102). Further detail is given in the TTUStees' Annual Report. Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in Stock and donations in the fmancial statements upon receipt. If it is impracticable to assess th¢ fair value at re¢¢ipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is dÈstributed and an equivalent amount recognised as charitable expenditure. Voluntary income received by way of donations and gift are included in the SOFA when received.
Page 17 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 DECEMBER 2024 (c) lllcome (contillued) Gifts in kind donat¢d for resale are included at fair value, being the expected proceeds from sale less the expected costs of sale, Wh¢re estimating the fair valu¢ is practicable upon r¢¢¢ipt it is ognised in stock and 'Income from other trading activities,. Upon sale, the value of th¢ stock is charged against 'Income from other trading aotivities, and tbe proceeds are recognised as 'lncome from otb¢r trading activities,. Where it is impracticable to fair value the it¢ms due to the volum¢ of low value items they ar¢ not recognised in the fuwicial statements until they aT¢ sold. This income is recognised within 'ln¢om¢ from other trading a¢tiviti¢s'. .41 Fixed asset gifts in kind are recognised wh¢tt receivable and are included at fair value. They are not deferred over th¢ lif¢ of the set. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being receiv At this point income is recognised. On occasion legacies will be notified to tbe charity howcv¢r it is not possible to m¢a8ure the amount expected to be distributed. On th¢se occasions, the legacy is treated as a contingent assct and disclosed. Investnient income is interest earned through holding cash at bank. Interest income is r¢cogtiised when re¢eivable. Other income represents income that cannot be r¢ported under the other analysis heading8 provided within the SOFA. (d) Expendlture recognition All expenditure is accounted for on an accruals basis and has been classified und¢r headings that aggregate all costs related to the category. Expenditure is recognised where there is a l¢gal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of project management includes salary ¢08ts, insurance and d¢platiOn. Expenditure on clLarÉtsble activities includes direct costs (for example salary costs, programm¢ ¢xpenses, rlU1llg costs, t¢lephone costs). Irrccov¢rabl¢ VAT is charged as an ¢xpense against thc activity for which expenditur¢ arose. (e) Support ¢o&ts- allocatlon Support costs are those that assist the work of the charity but do not directly represent charitable activities and includ¢ office costs, governance costs and administrative payroll costs. Th¢y ar¢ incutred directly in support of expenditur¢ on the objects of th¢ charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Pr¢mises overheads hav¢ been allocated on a basis consistent with th¢ use of the resources. Stsff ¢osts and other overh¢ads have been allocat on the basis of tim¢ spent on rdising certain fvnds or activity.
Page 18 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢on¢lnuedJ YEAR ENDED 31 DECEMBER 2024 (e) Support costs- v411ocation (eontlnued) Fund-raising costs are those incUed in seeking voluntary contributions and do not include the Costs of disseminating inforniation An support of the charitable activities. The analysis of these costs is Ancluded in note 7. (0 Tangible fixed assets Tangible fixed assets are Stated at cost less accumulated depr¢¢iation and accumulated impairnlent losses. Cost includes costs directly attributable to making the asset capable of operating as intended. All tangible fixed assets costing more than £1,000 are capitalised. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value. of each asset on a systematic basis over its expected useful life as follows., Freehold propety Equipment Fixtures and Fittings Motor Vehicles 2% straight line 33 1130/0 straight line 33 1130/0 straight line 250/0 straight line (g) Debtors And credltors recelvable I payable wlthln one year Debtors and cr¢ditors with no stated interest rate and re¢¢ivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. (h) ImpairnieDt Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, tbe recoverable amount of the asset, or the ass¢t's cash g¢n¢rating utiit, is estimated and compared to the carrying amount. Where the arrying ajnount exceeds its recoverable amount, an impainn¢nt loss is re¢ognised in profit or loss. (l) Provislons Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. U) Leases Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of th¢ lease.
Pag9 19 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢ontlttu•d) YEAR ENDED 31 DECEMBER 2024 (k) Employee benefits When employees have rendered service to the charity, short-temi employee benefits to which the employ¢¢s are entitled are recognised at the undiscounted amount expected to be paid in exchang¢ for that service. O) Tax As a charlty, the company benefits from various exemptions afford¢d by tax legi8Eation. It is therefore not liable to corporation tax on income or gain8 falling due within those exemptions. R¢cov¢ry is made of tax deduct¢d from receipts under gift aid. (m) Going concern The financial statements hav¢ been prepared on a going con¢¢rn basis as the trust¢¢s believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 month8 from authorising th¢8e financial statements. The budgeted income and exp¢nditure is sufficient with th¢ level of reserves for the cILarity to be able to continue as a going concall. (n) Judgements and key sources of estimatlon uncertalnty Th¢ following judgements including those involving cstimates have been mad¢ in the process of applying the above accounting polici that have had the most gignificant effect on the amounts recognised in the financial statements and that have a significant risk of causing a rnaterxal adjustment to th¢ carrying amounts of assets and liabilities within the next fmancial year: (i) depreciation method and asset use1 lives The estimates and a8SUmPtions are reviewed on an ongoing basis considering the current and future market conditions.
Page 20 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS [lInu•d) YEAR ENDED 31 DECEMBER 2024 Ineome from donatlons And legacles Unregtrlcted Restrlcted Total Funds Unrestricted Restricted Total Funds Funds Funds 2024 Funds Funds 2023 Donations Grants Gift Aid 115,352 161,208 4,168 280.728 21,205 93,927 136,557 255,135 4,168 85,984 131,790 4,342 222,116 40,333 104,819 126,317 236,609 4,342 367,268 115,132 395,860 145.152 Income from Investments Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds Funds Funds 2024 Funds Funds 2023 tnterest- deposits 2,258 2,258 2,258 2,258 601 601 601 601 Other Income Unrestrlcted Restrlcted Total Funds Unrestricted Restricted Total Funds Funds Funds 2024 Funds Funds 2023 Net gain on disposal of tangible fixed assets 82,635 82,635 82,635 82,635
Pago 21 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conllnu8d) YEAR ENDED 31 DECEMBER 2024 Project management Unrestricted Restrlcted Total Funds Unrestricted Funds Fund8 2024 Funds Restricted Totsl Funds Funds 2023 Core aetlvltie5 Support costs 41,502 41,502 41,502 41,502 28,677 10,460 10,460 39,137 39,137 28,677 Micah Centre: Bank fees Caretaker and cleatiing Motor v¢hicle expens¢s Support costs 130 130 181 181 174 2,699 2,873 5,482 5,482 2,081 4,602 6,987 48,489 2,081 36,202 41,286 1,344 2,757 4,282 32,959 1,344 33,589 31,600 34,299 34,299 30,832 36,314 46,774 40,596 79,733 82,788 Analysls of expendlture on charitable aetlvltles Activities und¢rtaken directly Unrestricted Restrlcted Total Total 2024 2024 Support costs Total 2024 Family Support Project Childrell's and Youth Project Outr¢aoh Project 65,120 65,120 16,437 48,683 99,170 99,174 263,464 99.170 99,174 263,464 79,147 91,957 20,023 7,217 75,923 187,541 £75,923 (2023 - £108,760) of the above costs were attributable to restricted fimds. £187,541 (2023 - £171,642) of the above costs w¢r¢ attributable to unrestricted funds.
Pagè 22 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conelnu•dJ YEAR ENDED 31 DECEMBER 2024 AnAly$ls of expendlture on charltable activltles {oonllnu•d) Activities undertaken directly Unrestricted Restricted Total Total 2023 2023 Support costs Total 2023 Family Support Project Childr¢n's and Youth Project Outreach Project 71,939 71,939 18,248 53,691 116,538 91,925 116.538 91,925 280,402 79,724 73,670 171,642 36,814 18,255 108,760 280,402 Allocatlon of support Costs Basis of allocation Projeot Family Management Support Project Children's Outrcach and Youth Project Project Support cost Total 2024 Wages & 8alari¢8 Time Spent Programme exp¢n8e8 Est usage Repairs and maintenance Est vsag¢ Rates E8t usage Insurance E81 usage H¢&t and light Est usage Slaliollery, supplies & phone & IT Health and safety Area Deanery Charitable donation Miscellaneous Deplation Gov¢rnance 38,053 3,449 2,487 472 2,836 7.377 55,583 8,737 71,558 23.710 607 84,829 5,922 50 250,023 41.818 3.144 472 4,934 8,646 2,098 069 600 Est usage Est usage Cost Cost Est usage Cost Cost 1,260 3,106 200 283 953 2,696 3,106 5,420 2.000 2.985 13.106 2,818 5,420 2,000 2.740 13.106 2,818 245 Total 77,704 65,120 99,170 99,174 341,168
Page 23 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS fconllnuad) YEAR ENDED 31 DECEMBER 2024 AIIocY4tion of support eosts (¢onllnu Basis of allocation Project Family Children's Outsch Management Support and Youth Project Proj¢¢t Project Total 2023 Support cost Wag¢s & sa18rie5 Programm¢ ¢xpenses Repairs and maint¢nall¢e Raies Insurance Heat and light Stationery, Suppli & phone Depreciation Gov¢rn&n¢¢ Time spent 34,139 48,429 88,139 76,882 247,589 Est usa8¢ 6,184 22,193 26,299 11,816 66,492 Est usage Est usagc Est usage Est usage 3,268 1,075 4,500 4,958 400 474 4,142 1,075 5,664 5,558 1,164 600 Est Usage Cost Cost 317 2,100 1,189 3,606 15,681 3,321 15,681 2,921 400 Total 72,726 71.939 116,538 91,925 353,128 Governance costs 2024 2023 Iyote Tnte¢ remuneration Trust¢¢ ¢xpenses Independent examiner's fees Auditor's remuneration (including expenses and b¢n¢fits in kind) 11 11 io io 2,818 2,757 2,818 2,757 Net Rneome for the year This is stated after chargIn(crediting). 2024 2023 Depreciation of tangible fixed ass¢ts Gain on disposal of tangible f¢d a8s¢ts 13,106 {82,635) 15,681
Page 24 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {¢ontlnu•dJ YEAR ENDED 31 DECEMBER 2024 10. Independent examlner's remuneratlon The independent examiner's remuneration amounts to independent examiner's fee of £1.336 (2023 - £1,285) and other senrAces of £1,482 (2023 - £1,472). 11. Trustees, and key management personnel remuneratlon and expenses The Trust consid¢rs its key manag¢ment personnel to be Heather Purdy. The trustees neither received nor waived any remuneration during the year (2023 - £Nil). The trustees did not have any expenses reimbursed during tbe year (2023 - £Nil). 12. Staff costs ¥dnd employee benefits The average monthly number of employees and full time equivalent (FTE) during the year was as follows: 2024 Number 2024 2023 Number 2023 FTE Project management Charitable activities io The total stsff costs and employ¢e5' benefits was as follows: 2024 2023 Wages and salari¢s Social security Pension 227.069 14,744 8,210 226,288 13,377 7,924 250,023 247,589
Pagg 25 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS [n11nol YEAR ENDED 31 DECEMBER 2024 12. Staff costs and employee benefits (¢ofttlnuod) 2024 2023 Allocated to: Cor¢ Activities Family Support Project Children's and Youth Project Outreach Project Micah Centre 38,053 55,583 71,558 84,829 34,139 48.429 88,139 76,882 250,023 247,589 No employees received total employee benefits (excluditig employer pension costs) of more than £60,000 (2022., None). 13. Taxatlon staths As a Charity, the company benefits from various exemptions afforded by tax legislation. It is therefore not liable to corporation tax on income or gains falling due within those exemptions. Recovery is made of tsx deducted from receipts under gift aid. 14. Tangible fixed assets Flxtures & Fittings Motor Vehlcles Bulldings Equlpment Total COST At l January 2024 Disposals 668,535 (13,234) 17,423 50,539 11,500 747,997 (13,234) At 31 December 2024 655JOI 17,423 50,539 11,500 734,763 DEPRECIATION At l January 2024 Charg¢ for the year On disposals At 31 December 2024 147,081 13,106 (2,915) 157,272 17,423 50,539 11,500 226,543 13,106 (2,915) 236,734 17,423 50,539 11,500 NET BOOK VALUE At 31 December 2024 498.029 498,029 521,454 At 31 D¢c¢mber 2023 521,454
Page 26 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnu•d) YEAR ENDED 31 DECEMBER 2024 14. Tangible rued assets (contlnued) Buildings comprise The Micab Centre. 91 Ravenhill Road was leased with a tern] of 9,000 years which commenced on 20th January 1982 and the propety was sold in January 2024 for £96,000 less legal and estate agent costs totalling £3,046. Willowfield Parish Community Association lease the land on which the Micah Centre is built on from the Representative Churcll Body in Dublin. The lease is over 25 years from IIÈ January 2006. IS. Debtors 2024 2023 Accrned income 3,727 3,727 6,663 6,663 16. Creditors: amounts fallfing due Ivithln one year 2024 2023 AC¢nlS Defeed income Other tax and social security Other creditors 1,785 1,716 23,000 4,076 1,249 3,349 1,528 6,662 30,041 17. Deferred Income Under l year TotAI At l January 2024 Additions during the year Amounts released to income 23,000 23,000 (23,000) (23,000) At 31 December 2024 During the year, defeff¢d income r¢lating to th¢ Grafton Mission Charitable Trnst £23.000 was released to income.
Page 27 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnu•dJ YEAR ENDED 31 DECEMBER 2024 17. Deferred income Indu•) Under l y¢ar Total At l January 2023 Additions dutillg the year Amounts released to income 60,838 23,000 (60,838) 23,000 60,838 23,000 (60,838) 23,000 At 31 December 2023 Income has been def¢ed at 31 December 2023 as it relates to donations for the next fllwncial year. Deferred income is mad¢ up of Grafton Mission Charitable Trust £23,000. 18. Contlngent liabilities The company has a contingent liability to repay grants received if certain conditions are not met or if they are breached. 19. Fund reconciliation Unrestrlcted funds Balance at l January 2024 Income Expenditure Transfers Balanee at 31 December 2024 Revenue Capital 81,066 284,284 (237,328) 92,954 220,976 81,066 284,284 (237,328) 92,954 220,976 Balance at l January 2023 Income Expenditure Transfers Balanc¢ at 31 December 2023 Revenue Capital 40,950 222.717 (204,601) 22.000 81,066 40,950 222,717 (204,601) 22,000 81,066
Page 28 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 DECEMBER 2024 19. Fund reeoneillatlon (contlnu•d) Restrlcted funds Balance at l January 2024 Income Expenditure Transf¢rs Balanee at 31 December 2024 Revenue Capital 20,161 521,454 199,247 (111.702) (69,529) (23,425) 38,177 498.029 541,615 199,247 (111,702) (92,954) 536,206 Balance at l January 2023 Income Expendittwe Transfers Balance at 31 December 2023 Revenue Capital 36,862 537,135 145,152 (155,534) (6.319) (15,681) 20,161 521,454 573,997 145,152 {155,534) (22,000) 541,615 Fund descriptions a) UnreslrictedfundJ Unrestricted fiuids are available for use at the discretion of the trustees in fiwtherance of the general objectives of the charity which have not been designated for other purposes. b) RtriCIedfvnd Restricted funds are funds which are to be used in accordance with specific restrActions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of ¢ach restricted fijnd is set out in the notes to the financial statetnents.
Page 29 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (oontlnved) YEAR ENDED 31 DECEMBER 2024 20. AnAlysls of net assets between funds As at 31 December 2024 Unrestricted funds revenue - c8pitAI Restricted funds -revenue -¢apfital Total Fixed asscts Cash Other Cuellt assetslOiabilitie8) Total 498,029 498,029 262,088 (2,935) 757,182 227,638 (6,662) 220,976 34,450 3,727 38,177 498,029 As at 31 December 2023 UnrestrA¢ted funds - revenue - capital Re8tricted fund8 -revenue capilal Total Fix¢d assets Cash 111,107 Other current asSet(liabIlIties) (30,041) Totsl 81,066 521,454 521,454 I24,605 (23,378) 622,681 13,498 6,663 20,161 521,454 21. Reeonciliation of net Income to net cash flow from operallng actlvltles 2024 2023 Net income for year 134,501 7,734 ]nter¢st r¢¢¢ivable Gain on disposal of tsngibR¢ fixed asset Depreciation and impairn]ent of tangibl¢ fixed assets (Decrease) lincrease in debtors Increase in creditors (Decrease) in deferred income Net cash flow from operating a¢tivities (2,258) (82,635) 13,106 2,936 (379) (23,000) 42,271 (601) 15,681 (4,623) 4,098 (37,838) (15.549)
Page 30 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (oonllnuod) YEAR ENDED 31 DECEMBER 2024 22. Tranjfers When conditions on projects have been met, it is deemed the restrACtion ceases and any surpluses are transfeed from restricted funds to unrestricted nds. The net proceeds from the sale of the property at 91 Ravenhill Road were transferred from the restricted fund to the UDre5tricted fund as it wa8 deemed the conditions were met for the restriction to cease. Depreciation for the year was transferred from revenue funds to capital funds. 23. Relg4ted party transactlons Rev Clive Atkinson is a trStee in the company and in Willowfield Parish Church. Willowfield Parish Church made donations to the company during tbe year of £28,024 (2023: £56,892). No other relat¢d paty transactions have occuffed in the year. 24. Company Llmlted by Guarantee The company is limited by guarantee and has no share capital. On a winding up m¢mbers may be required to contribute a maximum of £1.
Page 31 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢ontlnu•dJ YEAR ENDED 31 DECEMBER 2024 25. Movement in Fund8 A¢¢umul#tsd 8urylu8 ot IDeome over expeDdltsre at I J8D 2024 Aeeumulated surplus or IMeom¢ ov¢r ¢IP¢Dditsre at 31 D¢¢ 2024 Surplusl {dellclt) after tr*n¥feri 2024 tlleome 2024 Expendlturo 2024 TYAn8fer8 21124 Unrestrleted Funds Core activities Salary reserve Fulnily Support Children's attd Youth Pmjeet Outreach Project Micah Centr¢ 2,712 63.000 6.784 41.339 (41,502) (163) 2.549 155,954 6,620 92,954 16,273 (16,437) (164) 3,542 2,965 2.063 97,970 114.850 12,554 (79.147) (91,956) (6,988) 18,823 22.894 5,566 22J65 25,859 7,629 Totsl Unr¢stri¢kd Futtd8 81,066 282,986 (236.030) 92,954 139,910 220.976 Allocation- Revenue Capitsl Tothl UDre5tricted Fund5 81.066 282.986 (236,030) 92,954 139,910 220.976 81,1166 282,986 (236,030) 92.954 139,910 220,976 Accumulated SU1V$ of income over expenditure at l Jan 2023 Accutnulated Surplus of SulUSI (deficit) income ov g4fter transfer8 ¢xp¢nditLwe at 2023 31 Dec 2023 Incorne 2023 B%penditllre 2023 Transfers 2023 UDreJtrieted Fundi Core activities Salary reserve Family Support Children's attd Youth Proj¢ct Outreach Project Micah Centre 1,368 38,000 33.021 (28.677) (3,000) 25.000 1,344 25.000 6,784 2.712 63,000 6.784 25,032 (18,248) 83.266 75.053 6J45 (79.724) (73,670) {4.282) 3.542 1,383 2,063 3,542 2.965 2,063 1.582 Totsl UDTestrici Funds 40,950 222,717 (2(M,601) 22,000 40.116 Sl,066 Allocation- Revenue Capital 40.950 222,717 (204.601) 22.000 40,116 81.066 Total Unr¢8tricted Funds 40,950 222.717 (204,601) 22,000 40.116 81,066
Page 32 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnuedj YEAR ENDED 31 DECEMBER 2024 25. Movement In Funds (Contlnued) Accumulated AceumulAted 8urplus of Income over ¢ipendlture 8t 31 Dec 2024 Surpluil (41eflelt) gfter traD8feri Ineome over expendlture at l Jan 2024 Income 2024 Expendlture 2024 21124 2024 R¢¥trlcted Funds Cgr¢ activAties Family Support Children'8 and Youth PEoject Outreach Proje Mieah Centre - Revellue - Capital Totsl Restricted Fund$ 3.899 7.496 3,899 8,240 49.427 (48,683) 744 3,468 3.931 26,905 18,033 (20.023) (7,217) 6.882 10,816 10,350 14.787 1,367 521,454 103.402 (34.299) (69,529) (23,425) (426) {23.425) 941 498,029 541.615 197,767 (110,222) (92.954) (5,409) 536,206 Allocotion- Revenue Capitsl 20,161 521.454 197,767 (110,222) (69.529) (23,425} 18,016 (23,425) 38,177 498.029 Total Restricted Funds 541,615 1117,767 (110,222) (92954) (5.409} 536,206 Accuttlulated surplus of income over exp¢ttditure at l Jon 2023 AKumul&ted SulUS of incotne over expenditure 8t 31 Dec 2023 Surplu81 (deficit) after tran$f¢r8 Ittcome 2023 Expenditure 2023 Tr&nyf¢r8 2023 2023 Re8trlcted Fund• Core activities Family Support Children's 2nd Youth Project Outreaeh Project Micah Centre - Revenue Capital Totsl Restricted Funds 3,900 7.339 10.459 53.848 (10.460) (53.691) 3.899 7.496 157 14,677 10.946 37,605 21.240 (36,814) (18.255) {12,000) (10.000) {11,209) (7.015) 3,468 3.931 22.000 (36,314) 15,681 (15.681) 1,367 (15,681) 537,135 1,367 521.454 573,997 145.152 {155.534) (22.000) (32.382) 541.615 Allocation- Revenu¢ Capital Total Restricted FuThd8 36,862 537,135 145.152 (155.534) (6.319) (15.681) {16.701) (15.681) 20.161 521,454 573,997 145,152 (155,534) (22,000) (32,382) 541,615
Page 33 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF MOVEMENT ON FUNDS YEAR ENDED 31 DECEMBER 2024 26. ANALYSIS OF CORE ACTIVITIES Unrestricted Restricted Funds Funds INCOME Donations Willowfield Parish Church Other Donations Interest receivable 409 1,822 2,258 4,489 Grants Tudor Trust DFC 36,850 36,850 TOTAL INCOME 41,339 EXPENDITURE Salaries Programme expenses 38,053 3,449 TOTAL EXPENDITURE 41,502 (DEFICIT)ISURPLUS OF INCOME OVER EXPENDITURE FOR THE YEAR (163) 65,712 Accumulated surplus of Income over Expenditure at l January 2024 NET TRANSFERS IN THE YEAR 3,899 92,954 ACCUMULATED SURPLUS OF INCOME OVER EXPENDITURE AT 31 DECEMBER 2024 158,503 3,899
WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF MOVEMENT ON FUNDS (continued) YEAR ENDED 31 DECEMBER 2024 Page 34 27. ANALYSIS OF FAMILY SUPPORT PROJECT Unrestricted Restricted Funds Funds INCOME Donations Willowfield Parish Church Other Donations 923 615 923 615 Grants Dfc Church of Ireland Priorities Fund Enkalon Foundation Community Foundation NI EBCDA East Belfast Alternatives Department of Foreign Affairs Hinchley Trust Irish Tcmperance League Maurice & Hilda Laing Charitable Trust Bauer Radio's Cash For Kids Charities 1,500 2,500 500 32,318 3,850 1,000 4,486 8,158 2,000 1,000 6,500 350 15,350 48,812 TOTAL INCOME 16,273 49,427 EXPENDITURE Salaries Programme expenses Light and heat Stationery, supplies and telephone TOTAL EXPENDITURE 14,522 1,915 41,061 6,822 600 200 16,437 48,683 (DEFICIT)ISURPLUS OF INCOME OVER EXPENDITURE FOR THE YEAR (164) 6,784 744 Accumulated surplus of Income over Expenditure at l January 2024 NET TRANSFERS IN THE YEAR 7,496 ACCUMULATED SURPLUS OF INCOME OVER EXPENDITURE AT 31 DECEMBER 2024 6,620 8,240
Page 35 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF MOVEMENT ON FUNDS (contlnugd) YEAR ENDED 31 DECEMBER 2024 28. ANALYSIS OF CHILDREN'S AND YOUTH PROJECT Unrestricted Restricted unds Funds INCOME Donations Willowfield Parish Church Other Donations Gift aid 5,500 12,023 10,896 17,523 10,896 Grants Belfast City Council Education Authority Irish Youth Foundation Garfield Weston Foundation Victoria Trust Education Authority Church of Ireland Orphans and Children Society Ulster Garden Villages Community Foundation NI Bcnefact Trust Stitching Anton Jurgens Fonds Bauer Radio's Cash For Kids Charities Gi'oundwork UK Sported Foundation 3,615 6,244 9,193 35,000 2,500 12,000 4,000 6.150 12,000 2,500 1,254 1,000 1,000 80,447 16,009 TOTAL INCOME 97,970 26,905
WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF MOVEMENT ON FUNDS (¢ontlnuedJ YEAR ENDED 31 DECEMBER 2024 Page 36 28. ANALYSIS OF CHILDREN'S AND YOUTH PROJECT (coiiliiiiiédj Unrestricted Restricted Funds Funds EXPENDITURE Salaries Programme expenses Insuranc¢ Stationery, supplies and telephone Heat and light Repail's and maintenance Miscellaneous 64,352 10,893 2,098 283 669 607 245 7,206 12,817 TOTAL EXPENDITURE 79,147 20,023 SURPLUS OF INCOME OVER EXPENDITURE FOR THE YEAR 18,823 6,882 Accumulated surplus of Income over Expenditure at l January 2024 NET TRANSFERS IIY THE YEAR 3,542 3,468 AcCuLATED sUILUs OF INCOME OVER EXPENDITURE AT 31 DECEMBER 2024 22,365 10,350
Page 37 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF MOVEMENT ON FUNDS (contlnuodj YEAR ENDED 31 DECEMBER 2024 29. ANALYSXS OF OUTREACH PROJECT Unrestricted Restricted Funds Funds INCOME Donations Willowfield Parish Church Other Donations 10,362 75,927 3,727 5,828 86,289 9,555 Grants TBF & KL Thompson Trust Hinchley Trust Church of Ireland Priorities Fund Halifax Foundation Christians Against Poverty Community Foundation Nl Live Here Love Here E Mitchell Grant Cleaver Fulton Other Anonymous 6,000 8,000 4,500 4,500 250 3,728 2,000 1,500 6,561 28,561 8,478 TOTAL INCOME 114,850 18,033
WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF MOVEMENT ON FUNDS {contlnued) YEAR ENDED 31 DECEMBER 2024 Page 38 29. ANALYSIS OF OUTREACH PROJECT (toiifiiiued) Unrestricted Restricted Fund$ Funds EXPEIYDITURE Salaries Programme expenses Repairs and maintenance Stationeiy, supplies and telephone Area Deanery Charitable donation 84,829 4,124 50 953 1,797 5,420 2000 TOTAL EXPENDITURE 91,956 7,217 SURPLUS OF INCOME OVER EXPENDITURE FOR THE YEAR 22,894 10,816 Accumulated surplus of Income over Expenditure at l January 2024 NET TRANSFERS IN THE YEAR 2,965 3,931 ACCUMULATED SURPLUS OF INCOME OVER EXPENDITURE AT 31 DECEMBER 2024 25,859 14,747
Page 39 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF MOVEMENT ON FUNDS fcontlnugd) YEAR ENDED 31 DECEMBER 2024 30. ANALYSIS OF IVItCAH CENTRE AND BUILDINGS Unrestricted Restricted Funds Funds INCOME Donations Willowfield Parish Church Other Donations Gift aid 129 8,386 4,168 12,554 138 Grants Belfast City Council 20,629 20,629 Other income Gain on sale of tangible fixed assets 82,635 TOTAL INCOME 12,554 103,402 EXPENDITURE Caretaker and cleaning Rates Light and heat Repairs and maintenance Stationery, supplies and telephone Insurance Motor vehicle expenses Health and safety Miscellaneous Bank fees Depreciation Audit fees Legal and professional fees TOTAL EXPENDITURE 174 138 2,699 334 7,377 2,487 1,988 3,202 (728) (366) 2,081 3,106 2,741 130 13,106 2,818 6,988 34,299
WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF MOVEMENT ON FUNDS (continued) YEAR ENDED 31 DECEMBER 2024 Page 40 30. ANALYSIS OF MICAH CENTRE AND BUILDINGS fcoiiilittsed) Unrestricted Restricted Funds Funds SURPLUS OF INCOME OVER EXPENDITURE FOR THE YEAR 5,566 69,103 Accumulated surplus of Income over Expenditure at l January 2024 NET TRANSFERS IN THE YEAR 2,063 522,821 (92,954) ACCUMULATED SURPLUS OF INCOME OVER EXPENDITURE AT 31 DECEMBER 2024 7,629 498,970