WALI<WAY CONqIIqUNITY ASSOCIATION INDE( PLI NDENT EI XAMINER'S RE4 PORT FIOR THE AR ENDE4 D 31 MARCH 2023 Iiide eiideiit exftiijiiiei s i'e oi"t to tlie cli1& l'it ti'iistees uf Wallcivo¢ Coi)Iniiiiiil Associatioi) l i'epoi't on Ilie ¢icLounts of tlie Ti'ust foi. tlie yeai. elided 31 Mai'cli 2023, wliicli al'e set out on i)ages 6-10. Res ective i.es oi)sibilities of cliai'it ti'iistees lid ex¥lll)iJIL'I' As Ilie Lliai-ity's Ii'LlStees you ¥ll'e i'LsponsiblL £oi- the pi'cpai'¢ltioii of. Ilie accounls in accoi'dance wilh tlic Chai-ities Act (Noi'iliei-Ll li'eland) 2008. It is iny I'esi)onsibi lily to,. Exc11nine the accouiils iindei. sectioii 65 of Ihe Cliai'ilies Act Follow tl)e pi'occduE'es laid down in the genei'al Dii'ections given by the Coiiiini8sion uiidei. sectioii 65(9)(b) of tlie Chai-ities Act Sidle wlieilieL' l)aL'ticulai' Inatlei's have coiiie to my attention. Basis of inde eildeiit examinei s i'e ort I Iiave examined youi. chai-ity accouiit.8 as i'equii'ed undei- .8ection 65 of tlie Chai'ities Act and iny exainination was caL't'ied out iii accoi'daiice witli the geiiei'al Dii-ectlOJlS Lyiveii by ihe Cliai'ity Coinniission foi. Noi'tliei'n li'eland undei. beclion 65(9)(b) of tlie Cliai-ities Act, My exainination included a I'eview of the accounting i'ecot'ds Iiepl by the chai'ity aiid a coinpai-ison of the accoujits pi'esented with Iliose i'ecoi-ds. It also included considei'ation of any uiiusual iteins oi. disclosui'es in the accounts and seeking exi)lanatioiis fi'om you as cliai'ity ti'ustees concei'ning any siich Inattei's. My i'olc is lo state whethei. any niatei'ial mattel's have coiiie to Iny alteiition giving Iiie cause to believe., l. Tlie a¢couiitinby i'ecoi-ds wei-e Iiol kept accoL'dance witli sectioii 63 of the Chai'ities Act 2. Tliat tlie accounts do not accoi'd with tliose accouiiting i'ecoi'ds 3. That tlie accounls do not coiiiply witli tlie accounting i'equii-eiiients of tlie Chai'ities Act 4, Tliat tliei-e is fui-tliei. infoi'ination needed foi. a pi'oiiei. Iindei'sÈaiiding of the accounts to bc t'eaclied.
liide eiideiit exAiniiiei s st&2temciLt I have coiiipleled Iiiy cxaniinalion aiid have no concei'ns in i'esiiecl of tlie Inattei-8 (1) 10 (4) listed above aiid, iii coimectioii thiitli folloiving tlie Dii'eclio1)8 of the Cliai'ily Coi)Iiiiissioii foi. Noi'thci'n Ii'elaiid, I liave fouii(I no Inaltei's ilial i'equii'e di-awing lo youi. altcntiun, Gaviii Reid f4CA Uiiit I 212-218 Upper Newtoiviiai"ds Road Belfast BT4 314 T 30 OLtobeJ' 2023
IVALICWAY COMMUNITY A.SSOCIATION Sl'A'fLI MLI Nl" 014 b INANCIAL AC'I"IvI'ric( S IIOR TIII YEI AR EI NDEI D 31 MARCH 2023 Uiii'csli'l¢le(l RLStI'iclcd <uiids 'rolal Funil Note 2023 2023 2023 2022 Iiicotne Alid li xpeiiditui'e Ii)coiy)iiig Rcsoiii'ces Gi'ants i-eceivable Olliei. incoiiie 228,807 228,807 181,286 Total liicoming Resoiii'ces 4 826 228 807 233 633 184466 Resout'ces Expended Pi'oject expenditui'e Administi'ative expenses 118,198 115 325 79,133 105 884 Total Resoui'ces Expeiided 233 523 185017 Net Ineoiniiig / (Outgoing) Resoui'ccs foi. the Yeai. 110 (551) Unt'esti'icted Fund Bal<ince Bi'ought Foi'wai'd at 31 Mai'cli 2022 Unitsti'icted Fund Balaiice Cai-i'ied Foi'wai-d at 31 Mai'cli 2023 Tliei'e wei'e no I'ecogiiised gaiiis oi. losses othei- tliaii tliose iiicluded in the Statement of finaiicial Activities above. Tlie Notes on i)ages 8 to l O foL'IlI piil-l of tliese ALcountb,
WALECWAY COMMUNITY ASSOCIATION BALANCE S14EI Ei T AT 31 MARCI4 2023 2023 2022 CuR'i'eiit Assets Gi'anls outstandiiiL Pi'epayiiieiits Olliei. debtoi-s 11,878 1,087 465 15,480 1,318 13,430 16,798 Casli at bank and in l)and 52,811 57,212 Cui"i"eJit Liabilities Ainouiits f4alliiiLF Due Ivithiii Oiic Year Gi'ants i'eceived in advance Gi'ants to be i'epaid Ci'editoi's aiid accLiials 7,549 26,266 25,642 17,841 (42,411) 46 922) 10400 ao Net Current Assets Repi'esented by.. Accumulated Funds Accouiit - Uiii'esti'icled Funds Reveiiue sui-pliis 10400 ao These Fiii(Incial Stateineiits al'e signed on behc)If of the Coniiiiiltee a8 a i'esult of theii. 8ppI-oval by thc Cojiijiiittee at tlieir iiieetiiig 011 30 Octobei. 2023, (Cliaii'pei'son) (Ti'ea8ui'ei')
WALI<WAY COIIqMUNITY ASSOCIATION NOTEI S TO TIIEI ACCOUNTS 31 MARCH 2023 Accoiiiitiiig PoliciLs Tl)e Pi'incii)al Accouiilingy Policies al-e (18 follows; The8e Finaiicial Stateineiits al-e Iii'epai'ed in accoi'dance witl) the Statenient of Recoiiiiiieiided Pi'actice 'Accounting by Cliai'ities, issiied in Oclobei. 1995 (Revised 2002), and ai)pliGable AccouiilinLF Si(Iiidai'ds. Accoiiiitiiig Coiiveiitioii The Accounts have been i)i-epai-ed uiidei. Ihe Iiisloi'ical cost convention and in accoI'dance wilh ai)pLicable accountiiig staiidai-ds. Basis of Aecouijtiiig Reveiiue Gi'ants al'e ci'edited to the income c1nd expenditui'e accoiiiit oil an acciuals basis. Resti'icted f4iinds All Gi-ants which specify a pui'pos¢ foi. the Gi'ant, Including Col'e Gi-ants, al-e included as Resti'icted Funds. It is the AssociatlORI'% policy to meet all Resli'icted Fuiid Deficits by ti'aiisfei. fi'oiii Ihe Accumulated Unj-esti'icted Funds. Resources 14 xpended It is considei'ed tliat, witli tlie exception of iiiaiiageLiient and adniinisti'al'ion costs and costs geiieL'ating fiinds, all quppoi'l costs al'e pai-t of the total expeiiditui'e dii'ectly i'elating to tlie objects of tlie cliai-ily. Tliei'e were no costs in this yec11' of genei'ating ftinds. As a Pi-oject Based clicll'lty, tlie cost of Iiianaging and adii3inisli.ating eacli pft'oject is classed as a Dii'ect Cliai'itable Expense, M41nagemenl and Adininisti'ation costs ¢ll'e based on the cost of staff time spent on tliese activities and incliides salai'ies and an apiii-opi-iatc pi'opoition of ceitain suppoi-t costs.
MIALICWAY COMMUNITY ASSOCIATION NOTII S TO THE ACCOUNTS 31 MARCH 2023 Iiicoiiiing i'esoiii'ces 2023 2022 Gi'ants t'eceivable Tlie Executive ofrice Dei)ai'tiiieni foi- Comiiiunities Belfast City Council Education Authoi-ity Awai'ds foi. All EBCDA CFNI Ballymac fi'ieiidshii) Cenli-e NI Altei-Liatives East Belfast Altei-natives CED iunning costs ESP Co-opet'ation Ii-eland Radiu.8 Housing Wlieelwoi'ks 58,485 54,622 36,350 30,375 17,250 10,250 7.950 4,527 4,116 1,980 1,500 1,402 50,722 60,681 26,808 20,501 ),494 2,050 1,950 5,580 2,500 500 500 28 Otliei" income Reiits i'eceived Oiliei. incoiiie Doiiations - Bloomfleld Pi'esbytei'iaii Churcli oiliei. 1,230 800 2,446 350 980 2,200
WALICWAY COMMUNITY ASSOCIATION NOTE4 S TO THE ACCOUNTS .1 I MARCII 2023 Rcsoui'cos expeiided 2023 2022 Adiniiiisti'ative El X eiidi(ui"e Wages and salai'ies Social secut'ity costs Staff pensioii cost Staff ti-aiiiitig Relit Wc?lei- i'ales Insui'ance Heal aiid light Cleaning Repaii-s and maintenaiice Pi'inting, postage and stationei'y T'elephone Coinputei. costs Ti'avel expenses Legal and pi'ofessional Accountaiicy Bank ch(Ii'gJes Genei'al expcnses Siibsci-ii)lion 76,435 5,464 276 28 2,382 247 2,560 11,568 2,840 2,808 1,694 3,392 856 195 498 1,680 304 1,983 115 70,707 5,119 447 340 22 989 2,162 8,995 2,067 3,999 1,053 3,479 80 630 1,090 1,500 338 2,687 180 l15325 10