REGISTERED COMPANY NUMBER.. IN1035195 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC103726 ort of the Trustees and Financial Statements for the Year Ended 31 March 2023 for Pole lass Communi Association S211 Cardens Ltd Limited b Guarantee Acom an Lynn Drak¢ & Co Ltd Statutory Auditors I st Floor 34 B-D Main Street Moira Co. Arniagh BT67 OLE
Pole lass Communi Sall Gardens Ltd Association Contents of the Financial Statements for the Year Ended 31 March 2023 Page Reference and Administrative Details Report of the Trustees Report of the Independent Auditors 9 to 12 Statement of Financial Activities 13 Statement of Financial Position 14 Statement of Cash Flows 15 Notes to the Statement of Cash Flows 16 Notes to the Financial Statements 17 to 32 Detailed Statement of Financial Activities 33 to 34
Pole lass Communi Sall Gardens Ltd Association Reference and Administrative Details for the Year Ended 31 March 2023 TRUSTEES Michael George (Chairperson) Tony Kennedy (Vice Chair) George Rogan (resigned 81912022) Brendan McAteer Aidan Kelly (appointed 81912022) REGISTERED OFFICE Sally Gardens Community Centre Sally Gardens Lane Bell Steel Road Belfast Co. Antrim BT17 OUJ REGISTERED COMPANY UMBER N1035195 (Northern Ireland) REGISTERED CHARITY NUMBER NIC103726 AUDITORS Lynn Drake & Co Ltd Statutory Auditors 1st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE ADVISORS & KEY EMPLOYEE Cairan Hartley - Belfast City Council Martin Connolly - Chief Executive officer BANKERS & SOLICITORS First Trust Bank 35 University Street Belfast BT7 IND Cousins & Gilmore Solicitors 206 Andersonstown Road Belfast Co Antrim BTI 19EB
Pole lass Communi Sall Gardens Ltd Association ort of the Trustees for the Year Ended 31 March 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financlal statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Vision To provide a safe and well resourced centre which is a focal point within an improved Colin community area. Mission To provide quality services which help improve quality of life of people in the Colin area.
Pole lass Communi Sall Gardens Ltd Association ort of the Truslees for the Year Ended 31 March 2023 OBJECTIVES AND ACTIVITIES Public benefit (A) provide facilities and amenities in the interests of social welfare for recreation and other leisure time occupations with the object of improving the conditions of life for the said residents. The direct benefits flowing from this purpose include: Improved skills development and employment prospects Improved sense of community pride and active citizenship Improved access to mental health themed initiatives Improved health & wellbeing Improved health & fitness Improved access to sport and leisure These benefits can be demonstrated by Increase in residents gaining employment Increase in residents taking part in community events Increase in residents volunteering Reduction in residents attending GPS Reduction in self harm & statistics as reported by SET Increased attendance in sport & leisure evidenced through pitch and programme usage. (B) relieve those in need by reason of youth, age, ill-health, disability or other, disadvantage The direct benefits flowing from this purpose include: Reduction in anti-social behaviour, incidents and community related crime The number of young people attending youth drop in The number of young people attending youth interventions The number of residents with a disability attending centre activities. These benefits can be demonstrated by Reduction in reported crime identified by NISRA and PSNI statistics Feedback from resident's surveys Analysis of completed registration forms (C) advance education and promote health The direct benefits flowing from this purpose include: Increase in education attainment at Level l & Level 2 Improved attendance at annual health & wellbeing day. These benefits can be demonstrated by Analysis of NISRA statistics of residents gaining qualifications Reduction in smoking, alcohol & drug misuse as evidence by SET reports There is no harm arising from our purposes. The charity's beneficiaries are primarily but not exclusively residents living in the Colin area. There is no private benefit flowing from the purpos¢s. The trustees has complied with the duty to have regard to the guidance issued by the Charity Commission for Northern Ireland under section 4(b) of the Charities Act.
Pole lass Communi Sall Gardens Ltd Association ort of the Trustees for the Year Ended 31 March 2023 OBJECTIVES AND ACTIVITIES Values Empowerment Inclusion Participation and involvement Partnership and collective action Strategic Aims To ensure the overall strategic direction for the management of Poleglass Community Association @ Sally Gardens is achieved. To promote effective usage and sustainability of the centre To build the capacity of the community through local leadership, centre's users and local groups To Identify the needs of young people and improve social interaction and opportunities To promote community health, safety and social wellbeing To develop, promote and implement a programme of services and activities throughout the year To establish, develop and maintain high class sports facilities in the area To promote good relations in the Colin and with other areas Our funding strategies and operational plan links directly to the aims and objectives of the organisation with funding sourced to direct and deliver on our strategic aims.
Pole lass Communi Sall Gardens Ltd Association orl of the Trustees for the Year Ended 31 March 2023 STRATEGIC REPORT Achievement and performance Charitable activities Undoubtedly, the community and voluntary sector are entering a challenging period of uncertainty at a time when demand for services are high. PCA @ Sally Gardens remain committed to delivering essential services in areas such as community development, health & wellbeing, regeneration, youth work, providing community facilities, education and training. Capacity building is at the heart of our work linked to positive change. The centre remains a vital hub of the community. A strong commitment from our Board, staff and volunteers has created a vibrant welcoming community centre. Our services remain diverse and needs based to support emotional health and well-being with activities such as Tai Chi, Qi Gong, Adverse Childhood Experiences, Music Therapy, Mindfulness, Trauma Informed Practice and Yoga, with nutritional and fitness advice. We are delighted to have been successful in securing a three-year funding allocation from the Lottery's People & Communities, the project aims to address health and deprivation inequalities in the Colin area and will focus on building capacity, increase skills and knowledge of residents to improve health and wellbeing with a particular focus on reducing social isolation. The project will work with existing local community groups, residents, and vulnerable people suffering isolation and deemed at risk. Our project will support local residents experiencing difficulties and challenges from COVID-19 crisis. The main diff¢r¢n¢e will be an improvement in health & wellbeing, reduced social isolation and improved community integration. Our approach is very fluid and needs led creating an individual approach will ensure barriers to progression/development are tackled at both a centre level and referral to specialist services. Our Building Your Future (B YF) project has been an immense success improving employment prospects for unemployed job seekers and economically inactive individuals, through the provision of an employability programme focusing on preparing individuals to access. prepare, secure and sustain labour market opportunities aligned to the initiatives arising from the significant public procurement capital investment programme across specifically the Colin area of West Belfast and the city growth in general. The centre remains a vital hub of the community. The range and diversity of services demonstrate front line services is a key priority to meet the growing need of residents living in the Colin area. Funding and sustainability is constant variable in the community and voluntary sector. PCA @ Sally Gardens have sourced a divcrse range of funding from European Social Fund, DfE, Dfc, Belfast City Council Small Grants, Urban Villagcs, BCC Capacity Building Grant, DOH Mental Health Fund. CIT Health & Wellbeing, and CIT Community Safety. The centre continues to host vital comrnunity services to include counselling, alternative therapies, art. drama, job club, advice clinic, health & fitness, adults based programmes. befriending service, education & training youth drop in and much more. Partnership and collaboration remains a core function, under Urban Villages PCA @ Sally Gardens are the lead in a capacity building programme with Lagmore Community Forum, MELYCA, lonad na Fuiseoige and Footprints. We are involved in a range of networks to benefit the community such as, West wide Community in Transition Health & W¢llb¢ing & Community Safety, Mental Health funded Mind Matters sub regional collaborativ¢ project involving PCA @ Sally Gardens. County Down Rural Community Network, The Resurgam Trust, Peninsula Healthy Living Partnership will benefit from shared learning from the project. In addition, regional work has becoming a focus as PCA @ Sally Gardens is a member of the Healthy Living Alliance which provides thematic work on social prescribing, physical activity, health campaigns such as national nonsmoking day and world suicide prevention day.
Pole lass Communi Sall Gardens Ltd Association ort of the Trustees ror the Year Ended 31 March 2023 PCA @ Sally Gardens are involved in a number of youth based interventions, centre based and outreach. PCA @ Sally Gardens have a strategic approach to youth work ensuring it mirrors policy such as Priorities for Youth. Sally Gardens Youth provision remains a core area of work for young people in post primary education. Activities providcd include drop in, football, personal development programines and a broad based curriculum of qualifications. Projects are designed and delivered based on the needs of young people. Our youth team work on a daily basis to help build confidence, self-esteem and teach our young people skills for the future. Each route taken depends on the needs of the individual. We have encouraged young people to continue in education, promoted other educationltraining options or guided young people into employment. Financial review Financial Review The company had net incoming resources for the year of £21,482 (2022.. net incoming resources of £1,432), which reflected the coinpletion of a number of projects during the year. Unrestricted funds Increased by £26,274, while restricted funds decreased by £4,792. Prineipal funding sources PCA @ Sally Gardens receive funding from Department for Communities and Belfast City Council to undertake core activities that have a positive impact on the Colin area. PCA @ Sally Gardens have sourced a diverse range of funding from European Social Fund, DfE, Dfc, CIT H¢alth & Wellbeing, CIT Community Safety, Belfast City Council Small Grants, Urban Villages, BCC Capacity Building Grant, National Lottery Awards for All, Education Authority and securing tenders. Reserves policy The charities policy is to retain a lev¢1 of free reserves, which matches the needs of the organisation both at the current time and in the forese¢ablc future. It is the policy of the charity to maintain free reserves in unrestricted funds at a level equivalent to six month's expenditure. The Directors consider that reserves should be the equivalent of six month's personnel and overhead costs, calculated and reviewed annually. Reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The charity has developed a plan to establish and maintain this agreed level of free reserves. The charity will continue to monitor compliance with this policy on a regular basis and the Board will review the appropriateness of th¢ policy annually. Growing Concern Considering the projected cuts to the sector a major concerns exits in relation to access to funding and maintaining existing services while trying to develop strategically in terms of financial sustainability. Economic commentators are forecasting a return to economic growth iri 2023 however OECD Skills Strategy Northern Ireland (United Kingdom) state COVID-19 will lead to higher levels of unemployment and economic inactivity, as workers are laid-off from businesses which are struggling to remain afloat, or which are forced to close entirely highlighting the importance of our services within the community. Future plans PCA @ Sally Gardens will continue to try and source additional funding to fill gaps in service particularly around youth provision, health & wellbeing, employability, tackling poverty and provision identified by continued community consultations, research reports, project evaluations and current statistics. The new extension to our Healthy Living Centre funded by Urban Villages will be a major asset and development area around service provision.
Pole lass Communi Sall Gardens Ltd A550ciation ort of the Trustees for the Year Ended 31 March 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust. and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Governance of the Organisation The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association. During the period under review the directors met on a monthly basis. Trusteesldirectors are appointed by nominations made in writing by any existing director. At the General Meeting nominated directors are appointed by election. New directors will undertake an induction as per Trustee Induction Policy & Procedures to ensure trustees have a clear understanding of their responsibility to run the charity in line with legal requirements and best practice. The trustees conduct an annual review of the strategic plan and at the saine time review board performance. Policies and procedures are reviewed and updated on an ongoing basis. Key Management Personnel The trustees annually review the board and senior management team in terms of any skills gaps to ensure a diverse and comprehensive team exists to comprise the key Inanagement personnel of the charity in charge of directing and controlling, running and operating the organisation on a day to day basis. All directors give their time freely and no director received remuneration in the year. The pay of all staff is benchmarked against NJC Scales. Risk management The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that the systems are in place to mitigate any exposure to the major risks. The trustees have a risk management strategy which comprises.. An annual and mid review of the principle risks and uncertaintics that the charity face. The establishment of policies, systems and procedures to mitigate those risks indented in the annuallmid review. The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. This work has tdentifIed that financial sustainability is a major risk and could affect the charity. Attention and priority has been focused on the development of a funding strategy in line with a business strate developed to maximise income generation, thus securing financial sustainability. Trustees and senior staff have been focused on non-financial risks arising from fir¢, health & safety, building maintenance and security. These risks are managed by having robust policies and procedures in place and regular awareness training for staff. PCA @ Sally Gardens over the past number of years have invested significant time and effort to ensure its management structures and procedures are highly efficient and compliant to meet and exc¢¢d the requirements of a wide range of funding bodies. EVENTS SINCE THE END OF THE YEAR Information relating to events since the end of the year is given in the notes to the financial statements.
Pole lass Communi S211 Gardens Ltd Association ort of the Trustees for the Year Ended 31 March 2023 STATEMEINT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Poleglass Community Association @ Sally Gardens Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Company law requires the trustees to prepare financial stat¢m¢nts 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 those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently observe the methods and principles in the Charity SORP make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is inappropriate to presuine that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. AUDITORS The auditors, Lynn Drake & Co Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 7 July 2023 and signed on the board's behalf by.. Michael George (Chairperson) - Trustee
ort of the Inde Pole lass Communi Sall Gardens Ltd endent Auditors to the Trustees and Members of Association Opinion We have audited the financial statements of Poleglass Community Association @ Sally Gardens Ltd (the 'charitable company,) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements: give a true and fair view of the state of the charttable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financTal statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable coinpany's abil ity to continue as a going conc¢rn for a period of at least tw¢lve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
orl of the Inde Pole lass Communi Sall Gardens Ltd endent Auditors to the Trustees and Members of Association Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements- and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made- or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees deterinine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the fInancial statements, the truste¢s are responsible for asscssing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 10
ort of the Inde Pole lass Communi Sall Gardens Ltd endent Auditors to the Trustees and Members of Association Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Irregularities, including fraud, are instances of non-compliance with laws aiid regulatioiis. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Based on our understanding of the company and industry, we identified the principal risks of non-compliance with laws and regulations as those that have a direct impact on the determination of material amounts and disclosures in the financial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and determined that the principal risks related to revenue recognition. We communicated the identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. Audit procedures performed included, but were not limited to: Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud. Reviewing the financial statement disclosures and testing to supporting documentation. Review of board meeting minutes of those charged with governance. In addressing the risk of fraud through management overide of controls, testing the appropriateness of journal entries and other adjustments. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also-. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error. design and perform audit procedures responsive to those risks, and obtain audit evidence tliat is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations. or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charities internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
ort of the Inde Pole lass Communi Sall Cardens Ltd endent Auditors to the Trustees and Members of Association Perform analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud or error. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charities ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure, and content of the financial statements, including the disclosures and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charge with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including significant deficiencies in internal control that we identify during our audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forins part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this rep the opinions we have formed. Billy Drake (Senior Statutory Auditor) for and on behalf of Lynn Drake & Co Ltd Statutory Auditors I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE 7 July 2023 12
Pole lass Communi Sall Gardens Ltd Association Statement of Financial Aetivities Incor oratin an Income and Ex for the Year Ended 31 March 2023 enditure Account 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Grants Receivable 1,512 482,145 483,657 626,808 Other trading activities 112,000 112,000 88,369 Total 113,512 482,145 595,657 715,177 EXPENDITURE ON Charitable activities Direct Charitable Expenditure Governance 82,442 4,796 486,937 569,379 4,796 708,846 4,899 Total 87,238 486,937 574,175 713,745 NET INCOMEI(EXPENDITURE) 26,274 (4,792) 21,482 1,432 RECONCILIATION OF FUNDS Total funds brought forward 324,913 9,584 334,497 333,065 TOTAL FUNDS CARRIED FORWARD 351,187 4,792 355,979 334,497 The notes form part of these financial statements 13
Pole lass Communi Sall Gardens Ltd Association Statement of Financial Position 31 March 2023 31.3.23 31.3.22 Notes FIXED ASSETS Tangible assets 4,792 9,584 CURREINT ASSETS Debtors Cash at bank 10 85,199 271,403 262,337 74,853 356,602 337,190 CREDITORS Amounts falling due within one year (5,415) (12,277) NET CURRENT ASSETS 351,187 324,913 TOTAL ASSETS LESS CURRENT LIABILITIES 355,979 334,497 NET ASSETS 355,979 334,497 FUNDS Unrestricted funds Restricted funds 13 351,187 4,792 324,913 9,584 TOTAL FUNDS 355,979 334,497 The financial statements were approved by the Board of Trustees and authorised for issue on 7 July 2023 and were signed on its behalf by: Michael George (Chairperson) - Trustee Tony Kennedy (Vice Chair) - Trustee The notes forni part of these financial statements 14
Pole lass Communi Sall Gardens Ltd Association Statement of Cash Flows for the Year Ended 31 March 2023 31.3.23 31.3.22 Notes Cash flows from operating activities Cash generated from operations 196,550 (169,144) Net cash provided by/(used in) operating activities 196,550 (169,144) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 196,550 (169,144) 74,853 243,997 Cash and cash equivalents at the end of the reporting period 271,403 74,853 The notes forni part of these financial statements 15
Pole lass Communi Sall Gardens Ltd Association Notes to the Statement of Cash Flows for the Year Ended 31 March 2023 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.23 31.3.22 Net income for the reporting period (as per tbe Statement of Financial Activities) Adjustments for: Depreciation charges Decrease/(increase) in debtors (Decrease)/increase in creditors 21,482 1,432 4,792 177,138 (6,862) 7,417 (186,964) 8,971 Net cash provided byl(used in) operations 196,550 (169,144) ANALYSIS OF CHANGES IN NET FUNDS At 1 /4122 Cash flow At 3113123 Net cash Cash at bank 74,853 196,550 271,403 74,853 196,550 271,403 Total 74,853 196,550 271,403 The notes form part of these financial statements 16
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financial statements Summary of significant accounting policies a) Gener21 information and basis of preparation Poleglass Community Association Ltd is constituted as a company limited by guarantee incorporated in Northern Ireland N1035195. In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member of the charity. The charity constitutes a public benefit entity as defined by FRS 102. The financial stateinents have been prepared in accordance with Accounting and Reporting by Charities- Stateineiit of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in 2019), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice.. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparatioii of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions 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 each restricted fund is set out in the notes to the financial statements. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. (c) Inconie recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have b¢en met, the amount can be measured reliably, and it is probable that the income will bc received. 17 continued...
Pole lass Communi Sall Gardens Ltd Association Notes to Ihe Financial Statements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until tliose conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities (SOFA) when receivable. Income received from collections is recognised when received. Donated facilities and donated professional services 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 determined on the basis of the 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 corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or tlie legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. The charity receives government grants which are detailed within the notes to these financial statements. Income from government and other grants are recognised at fair value when the charity has entitlement after any performanc¢ conditions hav¢ been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred. (d) Expenditure recognition All expenditure is accounted for on an accruals basis inclusive of VAT which cannot be recovered and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised wh¢re there is a legal or coiistructive obligation to make payments to third parties, it is probabl¢ that the settlement will be required, and th¢ amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of raising funds includes the costs associated with attracting voluntary incomes. Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. 18 continued.
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as tliis gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. (e) Support costs allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. 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. Premises overheads have been allocated on an insert detail basis and other overheads have been allocated on a basis consistent with th¢ use of resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. (0 Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. 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.. Computer Equipment - 25 % Straight Line (g) Financial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provision of the instrument. Basic financial instruments are initially recognised at the amounts receivable or payable including any related transaction costs. Current assets and Current liabilities are subsequently measured at the cash or other consideration expected to be paid or relived and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shar¢s arc publicly traded or their fair value can otherwise be measured rcliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. 19 continucd...
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Statements - continued for Ihe Year Ended 31 March 2023 ACCOUNTING POLICIES- continued Basis of preparing the financial statements Other financial instruments, including derivatives, are initially r¢cognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designed hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objectiv¢ evidence of impairment at the end of each reporting date. if thcre is objective evidence of impairment an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain is recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, tliese are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. (h) Impairment 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, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decr¢ase. (i) Provisions Provisions are recognised when the charity has an obligation at tlie 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 b¢ reliably estimated. ti) Leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. (k) Employee benefits 20 continued...
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Statements - continued for the Year Ended 31 M2reh 2023 ACCOUNTING POLICIES- continued Basis of preparing the financial statements When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. (l) Tax No provision is required for taxation as the company is defined as a charity for taxation purposes. (m) Going concern The financial statements have been prepared on a going concern basis as the trustees 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 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. (n) Judgements estimates The following judgements including those involving estimates that have been made in the process of applying the above accounting policies that have had the most significant effect on the ainounts recognised in the financial statements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year: (i) principal assumptions used to measure multi-employer defined benefit pension schemes, liabilities, sensitivities to changes in assumptions and future funding obligations The estimates and assumptions are reviewed on an ongoing basis considering the current and future market conditions. Income All income is recognised in the Stat¢ment of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fAxed assets Depreciation is provided at the following annual lates in order to write off each asset over its estimated useful lif¢. Computers / Equipment 250/0 Straight Line 21 continued...
Pole lass Commllni Sall Gardens Ltd Association Notes to the Financial Statements- contlnued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Defined contributions plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in the future payments of a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is re¢ognised in finance costs in profit or loss in the period in which it arises. OTHER TRADING ACTIVITIES 31.3.23 31.3.22 Belfast City Council Room Hire Donations & Hall Hire Programmes Belfast City Council Pitch HMRC- CJRS 7,000 61,000 7,000 3,334 33,900 44,000 135 44,000 112.000 88,369 22 continued...
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Statements- conlinued for the Year Ended 31 March 2023 INCOME FROM CHARITABLE ACTIVITIES 31.3.23 31.3.22 Activity Grants Receivable Grants 483,657 626,808 Grants received, included in the above, are as follows.. 31.3.23 31.3.22 Dept For Communities Salary Belfast City Council - Capacity Building Belfast City Council - Salaries and Running Costs Education Authority Department of Economy - ESF BYF The Executive Office - Building Your Future Colin Neighbourhood Partnership - Youth Project The Executive Office/ Community Capacity Buildingl Urb Vill Department of Justice - Asset Recovery Falls Council/ CIT Community Safety Blackie Community Association - CIT Health & Wellbeing (2) Oct- Sept 23 Healthy Living Centre - Heart & Chronic Pain Project Belfast City Council - Equipment Grant Belfast City Council - Core Grant Uplift Belfast City Council - MicroT3 Department for Communities - Employability Project The Executive Office - Recovering Communities Colin Neighbourhood Project- Christmas Intervention Creggan Healthy Living- Transform Your Trolley Communities in Transitioii - Community Safety (Phase2) Communities in Transition - Health & Wellbeing (Phase2) Belfast City Council - Community Recovery Support Belfast City Council - Covid19 COMM SUPPORT HSC Mind Matters Upper Springfield CIT Community Safety Colin Neighbourhood Partnership Keeping Warm Staying Safe The Heart Project LORAG Better Days Blackie Community Association Families in Need The Executive Office Safer Streets Dept for Communities Cost of Living/ Running Costs Blackie Community Association - CIT Health & Wellbeing (l) Jul - Sept 22 Coiste Youth Project 33,699 42,200 64,596 2,000 106,619 26,720 7,480 40,904 34,280 42,200 60,000 2,200 116,762 26,720 10,340 44,450 ,940 12,116 20,121 25,385 11,166 3,200 1,742 1,200 1,357 184,000 20,000 160 2.000 20,000 21,000 4,975 5,000 47,541 10,880 8,200 6.700 1,600 1,000 30,000 1,500 6,000 512 483,657 626.808 23 ontinued..
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Statements- continued for the Year Ended 31 March 2023 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals Direct Charitable Expenditure Governance 569,379 569,379 4,796 4,796 569,379 4,796 574,175 SUPPORT COSTS Governance costs Governance 4,796 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 31.3.23 31.3.22 Auditors, remuneration Accountancy Fee Depreciation - owned assets 1,500 2,574 4,792 1,500 2,747 7,417 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. 24 continued..
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Statements - continued for the Year Ended 31 March 2023 STAFF COSTS 31.3.23 31.3.22 Wages and salaries Social security costs Other pension Costs 266,318 19,504 22,490 284,575 19,555 308,312 325,241 The average monthly number of employees during the year was as follows: 31.3,23 31.3.22 12 Management & Administrationloperational No employees received emoluments in excess of £60,000. The key management personnel of the charity comprise of the Chief Executive and Senior management team. The salaries paid to key management personnel being the Chief Executive Officer, Programme Managers, Finance Manager, and Programme Co-ordinator during the year totalled £167,785. (2022: £150,749) TANGIBLE FIXED ASSETS Computers / Equipment COST At l April 2022 and 31 March 2023 66,068 DEPRECIATION At l April 2022 Charge for year 56,484 4,792 At 31 March 2023 61,276 NET BOOK VALUE At 31 March 2023 4,792 At 31 March 2022 9,584 25 continued.
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Statements - continued for the Year Ended 31 March 2023 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 USDT Comm Safety Healthy Living Centre Department for Communities Dept of Economy - ESF Belfast City Council Communities in Transition The Executive Office 60 5,586 600 184,000 23,402 6,617 3,900 43,818 14,539 6,000 59,014 85,199 262,337 11. CREDITORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR 31.3.23 31.3.22 Accruals and deferred income 5,415 12,277 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted fund funds Fixed assets Current assets Current liabilities 4,792 6,300 (6,300) 4,792 356,602 (5,415) 9,584 337,190 (12,277) 350,302 885 351,187 4,792 355,979 334.497 26 continued..
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Statements - continued ror the Year Ended 31 March 2023 13. MOVEMENT IN FUNDS Net movement in funds At 3113123 At 114122 Unrestricted funds General fund 324,913 26,274 351,187 Restricted funds BCC - Salaries and Running Costs The Executive Office/ Community Capacity Building/ Urb Vill Colin Neighbourhood Partnership - Youth Project Falls Council/ CIT Community Safety Co-operation Ireland 4,975 (2,487) 2,488 1,053 (526) 527 2,047 457 1,052 (1,024) (228) (527) 1,023 229 525 9,584 (4,792) 4,792 TOTAL FUNDS 334,497 21,482 355,979 27 continued..
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Stalements - continued for the Year Ended 31 March 2023 13. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above arc as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 113,512 (87,238) 26,274 Restricted funds Dept of Coininunities Salary BCC - Salaries and Running Costs Belfast City Council - Capacity Building Education Authority Department of Economy - ESF BYF The Executive Office - Building Your Future The Executive Office/ Community Capacity Buildingl Urb Vill Colin Neighbourhood Partnership - Youth Project Falls Council/ CIT Community Safety Blackie Community Association - CIT Health & Wellbeing (2) Oct- Sept 23 Co-operation Ireland HSC Mind Matters Upper Springfield CIT Community Safety Colin Neighbourhood Partnership Keeping Warm Staying Safe The Heart Project LORAG Better Days The Executive OffIce Safer Streets Dept for Communities Cost of Living/ Running Costs Blackie Community Association - CIT Health & Wellbeing (l) Jul - Sept 22 33,699 64,596 (33,699) (67,083) (2,487) 42,200 2,000 106,619 (42,200) (2,000) (106,619) 26,720 (26,720) 40,904 (41,430) (526) 7,480 20,121 (8,504) (20,349) (1,024) (228) 25,385 (25,385) (527) (47,541) (527) 47,541 10,880 (10,880) 8,200 6,700 1,600 30,000 (8,200) (6,700) (1,600) (30,000) 1,500 (1,500) 6,000 (6,000) 482,145 (486,937) (4,792) TOTAL FUNDS 595,657 (574,175) 21,482 28 continued...
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Slatements - continued for the Year Ended 31 March 2023 13. MOVEMENT IN FUINDS - continued Comparatives for movement ID funds Net movement in funds At 3113122 At 114121 Unrestricted funds General fund 316,064 8,849 324,913 Restricted funds BCC - Salaries and Running Costs The Executive Office/ Community Capacity Building/ Urb Vill Colin Neighbourhood Partnership- Youth Project Department of Economy - ESF (Capital) Falls Council/ CIT Community Safety Co-operation Ireland 7,462 (2,487) 4,975 1,579 (526) 1,053 3,071 (1,024) 2,047 2,625 685 ,579 (2,625) (228) (527) 457 1,052 17,001 (7,417) 9,584 TOTAL FUNDS 333,065 1,432 334,497 29 continued...
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Statements - continued for the Year Ended 31 March 2023 13. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 88,369 (79,520) 8,849 Restricted funds Dept of Communities Salary BCC - Salaries and Running Costs Belfast City Council - Capacity Building Education Authority Department of Economy - ESF BYF The Executive Office - Building Your Future The Executive Office/ Community Capacity Buildin Urb Vill Colin Neighbourhood Partnership - Youth Project Department of Justice - Asset Recovery Department of Economy - ESF (Capital) Falls Councill CIT Community Safety Blackie Community Association - CIT Health & Wellbeing (2) Oct - Sept 23 Co-operation Ireland Healthy Living Centre - Heart & Chronic Pain Project Belfast City Council - Equipment Grant Belfast City Council - Core Grant Uplift Belfast City Council - MicroT3 Department for Communities - Employability Project The Executive Office - Recovering Communities Colin Neighbourhood Project- Christmas Intervention Creggan Healthy Living - Transforni Your Trolley Communities in Transition - Community Safety (Phasc2) Communities in Transition - Health & Wellbeing (Phase2) 34,280 60,000 (34,280) (62,487) (2,487) 42,200 2,200 116,762 (42,200) (2,200) (116,762) 26,720 (26,720) 44,450 (44,976) (526) 10,340 (11,364) (1,024) 1,940 (1,940) (2,625) (12,344) (2,625) (228) 12,116 11,166 (11,166) (527) (527) 3,200 (3,200) 1,742 (1,742) 1,200 .357 (1,200) (1,357) 184,000 (184,000) 20,000 (20,000) 160 (160) 2,000 (2,000) 20,000 (20,000) 21,000 (21,000) 30 continued...
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Stalements - continued for the Year Ended 31 Mareh 2023 13. MOVEMENT IN FUNDS - continued Belfast City Council - Community Recovery Support Belfast City Council - Covid19 COMM SUPPORT 4,975 (4,975) 5,000 (5,000) 626,808 (634,225) (7,417) TOTAL FUNDS 715,177 (713,745) 1.432 14. CONTINGEIYT LIABILITIES A contingent liability exists to repay grants received should certain conditions not be fulfilled by the charity. 15. COMPANY CHARGE On 28 November 2000 an all monies charge was created by Lisburn City Council 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2023. 17. POST BALANCE SHEET EVENTS There were no events after the reporting period therefore no material issues need disclosed 18. WINDING UP Every member of the Company undertakes to contribute to the assets of the Company, in the event of the same being wound up while it is a member, or within one year after it ceases to be a member. for payment of the debts and liabilities of the Company contracted before it ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributor's among themselves, such amount as may be required not exceeding one pound. 19. SHARE CAPITAL The Company is Limited by Guarantee and has no Share Capital 31 continued...
Pole lass Communi Sall Gardens Ltd Association Notes to the Financial Statements - continued for the Year Ended 31 March 2023 20. COVID-19 The trustees continue to monitor the impact of Covid 19. The trustees believe there is no adjusting events to report after the reporting date. The trustees will continue to monitor the situation closely to secure the viability of the organisation. 32
Pole lass Communi Sall Gardens Ltd Association Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 INCOME AND ENDOWMENTS Other trading activities Belfast City Council Room Hire Donations & Hall Hire Piogrammes Belfast City Council Pitch HMRC- CJRS 7,000 61,000 7,000 3,334 33,900 44,000 135 44,000 112,000 88,369 Charitable activities Grants 483,657 626,808 Total incoming resources 595,657 715,177 EXPENDITURE Charitable activities Wages Social security Pensions Insurance Light, heat & water Telephone & Internet Postage,Stationery & Equipment Advertising & Hospitality Sundries Photocopier & Hire Events & Programmes Programme Travel Cleaning & Maintenance Repairs and Renewals Trade Subscriptions Legal & Professional Fees Consultancy & Computer Costs Wellness Packs Training Consumables Volunteer Costs Depn of Computer Equipment 266,318 19,504 22,490 4,627 16,919 4,393 5,862 151 596 733 193,228 95 3,342 673 755 112 19,l47 284,575 21,111 19,555 5,438 12.980 3,555 9,294 2,526 800 306,475 1,666 1,684 2,263 21,661 6,178 855 813 1,465 2,214 1,963 4,792 7,417 569,379 708,846 This page does not form part of the statutory financial statements 33
Pole lass Communi Sall Gardens Ltd Association Detailed Statement of Fin2ncRal Aetivities for the Year Ended 31 March 2023 31.3.23 31.3.22 Support costs Governanee costs Auditors, remuneration Accountancy Fee Bank charges and Interest 1,500 2,574 722 1,500 2,747 652 4,796 4,899 Total resources expended 574,175 713,745 INet income 21,482 1,432 This page does not form part of the statutory financial statements 34