Charity Commission No: NIC103441
SPAMOUNT & DISTRICT CROSS-COMMUNITY ASSOCIATION
Financial Statements for Year to 31* August 2024
,
Information
Bankers:
Ulster Bank, 29 Abercorn Square, Strabane, Co Tyrone
BT82 8AL
Office:
Spamount & District Cross-Community Association,
9 Mill Lane,
Castlederg,
County Tyrone,
BT817NS
Accountants:
OIC Chartered Accountants
21 O' Donovan Road
Culmore
Derry
BT48 8PS
Contents
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|---|---|---|
|Accountants|Report|1|
|Statement of Financial Activities for the year ended|31st|2|
|August 24|
|Balance Sheet as at 31st August 2024|3|
|Notes to|accounts|4|
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Basis of independent Examiner's Report
My examination was carried out in accordance with general Directions given by the Chairperson and Treasurer. My examination includes a review of the accounting records kept by the Association and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view and the report is limited to those matters set out in the statement below.
independent Examiner's Statement
In connection with my examination, no matter has come to my attention (other than that disclosed below’):
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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¢ to keep accounting records in accordance with section 130 of the Charities Act;
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to prepare accounts which accord with the accounting records and comply with the accounting
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requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
-Please circle as appropriate
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Name Michael Flanagan
Signature “m {AQ Rey ~~ ¢
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Relevant Professional qualification or body Institute of Chartered Accountants in Ireland
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Address OIC, Chartered Accountant, 21 O' Donovan
Road, Culmore, Londonderry, BT48 8PS
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Date
Spamount & District Cross-Community Association
Statement of Financial Activities for the year ended 31st August 2024
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|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|Notes|Funds|Funds|2024|2023|
|£|£|£|£|
|tncoming|resources:|
|Association|internally generated|income|1|2,550|-|2,550|4,616|
|Activites|for generating fund|2|-|-|-|
|Other income|3|9,954|-|9,954|-|
|Total incoming resources|12,504|-|12,504|4,616|
|Resources|Expended:|
|Cost of generating|income|4|1,925|-|1,925|1,704|
|Fundraising costs|Ss|-|
|Association|activities|6|12,346|-|12,346|9,991|
|Rent|.|.|-|
|Governance|costs|7|350|-|350|350|
|Total|resourees expended|14,621|-|14,621|12,045|
|Net movement|In funds before transfers|.|2,116|0|-|2,116|-|7A29|
|Transfers|:|i|
|Net movement|in funds after transfers|-|2,116|i)|:|2116|-|7A29|
|Total funds brought forward|at 01/09/2021|277,385|:|277,385|284,814|
|Total funds carried forward|at|275,268|-|275,268|277,385|
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Spamount & District Cross-Community
Association
Balance Sheet as at 31st August 2024
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|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2024|2023|
|Notes|£|£|£|£|
|Fixed|Assets|
|Plant &|Equipment|8|2,323|-|2,323|3,195|
|Land &|buildings|268,637|-|268,637|274,480|
|270,960|:|270,960|277,675|
|Current|Assets|
|Debtors|-|-|-|
|Cash|in|hand|-|-|-|
|Cash|at bank|5,008|-|5,008|510|
|5,008|>|5,008|510|
|Creditors|
|Amounts|falling due within one year|700|,|700|800|
|Net Current Assets|4,308|-|4308|-|280|
|Total Assets|less Current|Liabilities|275,268|-|275,268|277,388|
|Creditors|
|Amounts|falling due|after more than|one year|-|-|tt]|ti)|
|Net Assets|275,268|-|275,268|277,385|
|The Funds of the Charity|
|Unrestricted|funds|275,268|-|275,268|277,385|
|Restricted|funds|-|-|-|-|
|Total|Charity Funds|275,268|:|275,268|277,385|
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Approved by the Association members on 2025 and signed on their behalf by:
Director Director MRS K CATTERSON MRS J McMenamin
1. Association internally generated income
| Unrestricted | Restricted | 2024 | 2023 | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Total | Total | |||
| £ | £ | £ | £ | |||
| Shed hire | 2,550 | - | 2,550 | 4,250 | ||
| Hall hire | - | - | - | |||
| Miscellaneous income | 9,954 | 9,954 | 366 | |||
| 12,504 | 0 | 12,504 | 4,616 | |||
| 04.Costs ofgeneratingFunds | ||||||
| Unrestricted | Restricted | 2024 | 2023 | |||
| Funds | Funds | Total | Total | |||
| ; | a: | £ | £ | £ | ||
| Bankcharges | 20 | . | - | 20 | 17 | |
| Repairs | - | - | - | |||
| Insurance | 1,905 | - | 1,905 | 1,687 | ||
| 1,925 | - | 1,925 | 1,704 | |||
| 06.Association activities | ||||||
| Unrestricted | Restricted | 2024 | 2023 | |||
| Funds | Funds | Total | Total | |||
| £ | £ | £ | £ | |||
| Depreciation | 6,715 | 0 | 6,715 | 6,715 | ||
| Runningcosts | 5,631 | 0 | 5,631 | 3,276 | ||
| 12,346 | - | 12,346 | 9,991 | |||
| 07.Governancecosts | ||||||
| Unrestricted | Restricted | 2024 | 2023 | |||
| Funds | Funds | Total | Total | |||
| £ | £ | £ | £ | |||
| Professional fees | 350 | - | 350 | 350 | ||
| 350 | - | 350 | 350 |
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8. Tangible assets
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Freehold Fixtures 2024
Land & Fittings & Office
Buildings Equipment Equipment Total
Cost or valuation: £ £ £ £
At 1Sept 2023 395,272 16,230 - 411,502
Office equipment adjustment - - . [0] 0
Additions - - - -
Disposal - - - -
At 31 August 2024 395,272 16,230 : 411,502
Depreciation:
At 1Sept 2023 120,792 13,035 - 133,827
Charge for year 5,843 872 - 6,715
Office equipment adjustment - - - (t)
At 31 August 2024 126,635 13,307 - 140,542
Net book value:
At 31 August 2024 268,637 2,323 - 270,360
At 31 August 2023 274,480 3,195 - 277,675
9. Creditors less than 1 year 2024 2023
Accounting fees 700 800
: - 700 800
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