WALKWAY COMMUNITY ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IVIARCH 2025
WALKWAY COMMUIYITY ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2025 Page Number Contents Charity Infoi'mation Trustees, Annual Repoi't Iiidependent Examiner's Report Statement of Financial Activities Balance Sheet 10-12 Notes to the Accounts
WALKWAY COMMUNITY ASSOCIATION CHARITY INFORMATION Committee Stephen McDonald (Chairpei'son) Maiidy Lee (Seci'etaiy) Violet Hudson (Vice Chair) Nuala Symmington (Treasui'er) Ann Grierson Arlene Llewellyn Andi'ew Steed Janice Hill Whilma Harvey Catriona Mccabe Colin Siinpson Secreta Mandy Lee istered Chari NIC 103713 Number Accountants Gavin Reid and Company Unit I 212-218 Upper Newtownards Road Belfast BT4 3ET Banliers Ulster Bank Limited Arclies Retail Park Belfast BT5 4AF
WALKWAY COMMUNITY ASSOCIATION STATEMfiNT OF FINANCIAL ACTIVITIES FOR THE YEI AR ENDED 31 MARCH 2025 Unrestricted Restricted Funds Total Funds Total Funds Note 2025 2025 2025 2024 Income and fi xpenditure Incoming Resources Gi'ants I'eceivable Other income 177,253 177,253 216,988 Total Incoming Resoiirces 49974 177253 227227 245192 Resources Expended Project expenditui'e Administrative expenses 49,250 106,687 162883 126518 Total Resources Expended 212 133 233 205 Net Incoming Resources for the Year 15,094 11,987 Unrestricted Fund Balance Brought Foiwai'd at 31 March 2024 Unresti'icted Fund Balanoe Carried Forward at 31 March 2025 020 Thei'e were no recognised gains or losses othei. than those included in the Statement of Financial Activities above. The Notes on pages 8 to 10 form pait of these Accounts.
WALKWAY COMMUNITY ASSOCIATION BALANCE SHEET AT 31 MARCH 2025 2025 2024 Cu rrent Assets Gi'ants outstanding Prepayments Other debtors 3,740 2,625 41 2,913 8,454 6,406 Cash at bank and in hand 56,329 46,091 Current Liabilities- Amouiits fi alling Due within One Year Grants received in advance Grants to be repaid Creditors and accruals 1,622 358 1,000 6,252 114 Net Current Assets Represented by: Accumulated Funds Account- Unresti'icted Funds Revenue sui'plus 02 These Financial Statemeiits are signed on behalf of the Committee as a result of their appi'oval by the Committee at theii. meeting on 9 Septembei. 2025. (Chairpei'son)
WALKWAY COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS 31 MARCH 2025 Accounting Policies The Principal Accounting Policies are as follows.. These Financial Statements are prepai'ed in accordance with the Statement of Recommended Practice "Accounting by Charities" issued in October 1995 (Revised 2002), and applicable Accounting Standards. Accounting Convention The Accounts have been prepai'ed under the historical cost convention and in accoi'dance with applicable accounting standards. Basis of Accounting Revenue Grants al'e credited to the income and expenditui'e account on an accruals basis. Restricted Funds All Grants which specify a purpose foi. the Gi'ant, including Core Grants, are included as Restricted Funds. It is the Association's policy to meet all Restricted Fund Deficits by transfei. fi'om the Accumulated Unrestricted Funds. Resources xpended It is considered that, with the exception of management and administration costs and costs generating funds, all support costs are part of the total expenditui'e directly i'elating to the objects of the chai'ity. There were no costs in this year of geneiating funds. As a Project Based charity, the cost of managing and administi'ating each pi'oject is classed as a Direct Charitable Expense. Management and Administration costs al'e based on the cost of staff time spent on these activities and includes salai'ies and an appropi'iate proportion of certain support costs. 10
WALKWAY COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS 31 MARCH 2025 Incoming resources 2025 2024 Grants receivable Depai'tment for Communities Education Authority Belfast City Council East Belfast Surestart EBCDA Halifax The Executive Office Apex Housing James Brown Community Fund Nl Alternatives Urban Villages Awai'ds foi. All Radius Housing East Belfast Altei'natives 63,092 57,334 30,141 8,321 7,260 5,000 3,021 2,084 1,000 62,030 44,631 35,832 2,000 2,440 3,413 51,979 6,840 3,248 2,750 1,250 575 216988 Other income Rents i'eceived Othei. income Donations - Bloomfield Presbyterian Church Other 29,600 17,824 2,000 550 25,859 545 1,800
WALKWAY COMMUNITY ASSOCIATION NOTE4 S TO THE ACCOUNTS 31 MARCH 2025 Resources expended 2025 2024 Administrative Li x enditure Wages and salaries Staff pension cost Staff training Water rates Insurance Heat and light Cleaning Repairs and maintenance Printing, postage and stationeiy Telephone Computer costs Travel expenses Legal and professional Accountancy Bank charges Genei'al expenses Subsci'iption 19,391 923 209 1,483 5,409 16,562 3,386 4,282 2,187 2,147 101 45 1,547 2,100 425 2,485 201 98,389 607 401 554 5,120 6,879 2,561 3,819 1,440 2,630 96 565 1,920 452 973 112 162 883 12