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