BOHO COMMUNITY ASSOCIATION FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2022
Independent examinerfs report to the trustees of Boho Community Association We report on the accounts of the Association for the yeaf ended 31 December 2022, which are set out on pages 2 to 9. Respective responsibllltles of Management Commlttee and examiner The Management Committee are responsible for the preparation of the accounts. The Management Committee consider that an audit is not required for this year and that an independent examination is needed. It is our responsibility to- examine the accounts to follow the procedures laid down in Charity SORP (FRS1021 to state whether particular matters have come to our attention. Basis of independent examiner's report Our examination was carried out in accordance with the guidance issued under The Statement of Recommended Practice~ Accounting and Reporting by Charities effective I, January 2015. An examination includes a review tsf the accounting records kept by the organisation 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 Management Committee concerning 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 Vie and the report is limited to those matters Set out in the statement below. Independent examinerfs statement In connertion with our examination, no matter has come to our attention.. 111 whlch gives us reasonable cause to believe that in any rnaterial respect the requirements: to keep accounting records to prepare accounts which accord with the accounting records and comply with Charities SORP IFRS 1021 have not been met- or 121 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. MacNeary Rasdale & Co Ltd Chartered Accountants and Statutory Auditors Welllngtort House 30 Darling St Enniskillen BT74 7EW Ih 25 May 2023
Boho Communit Association Re ort of the trustees for the ear ended 31 December 2022 Statement of trustees, responsibilities & Staternent of disclosure of information to reporting accountants Statement of trustees, res onsibilities The trustees are responsible for preparing the Trustees, Report and the financial statement5 in accordante with applicable law and regulations. SORP'S requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable a550ciation as at balance sheet date and of its incoming resources and application of resources, including income and expenditure. for the financial year. In preparing those financial statement5. the trustees are required to: Select suitable accounting policies and apply them consistently; Make ludgèments and estimates that are reasonable and prudent,. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other regularities. Statement of disclosure of information to re ortin accountants So far as each of the trustees in office at the date of approval of these financial statements are aware= There is no relevant accounting information of which the associations accountants are unaware. and They have taken all the step5 that they ought to have taken as trustees in order to make themselves aware of any relevant accounting information and to establish that the association's accountants are aware of that information. By Order of the Board of Trustees Mrs Ma Duffy 25" May 2023
Boho Communlty Association Statèment ot FÈnaneial Adivities I Includin8 Intome and Expenditure Ae¢c*untl For the Year ended 31st December 2022 Unrestrlcted Restrlcted Fuwtds 2022 Total Funds 2022 Funds 2022 Notes Incomlng Resources Incoming Resource5 trom generated funds- Voluntary income Co Operation Ireland Nei8hbourly Ltd FODC Grant income- Rever5ue Expenditu FODC Grant incc)me- Capital Expenditure Oran More Wind Farm 3,081.18 400.OLI 3.081.18 400.00 1,636.26 1.40).(AJ 1.636.26 1.400.CX) 8,770.57 8.770.57 Fermana8h Trust 500.00 500.00 Communlty Foundation Renewable Ener8y P3yment- Ptswer Nl Intomln8 resources from charitable activitles Donations and Gifts 5,510.00 5,510.00 1,829.38 1,829.38 707.62 707.62 Communlty Centre Rental Incorne 4,691.00 4.691.(K) Dance5 Funeral Meals 246.48 246.48 336.00 336.00 Incoming Resources from otherSDurces NIE Wayleave 11.71 11.71 Derry8onnelty Credlt Union Dividend Total incoming resources 0.57 0.57 16,593.33 12,5Z7.44 29,120.77 Resources Expended Costs of Generated Fund5.' Costs of generatlng voluntsry Income Cost of charitablE artlvltles Repalrs and Renewals Ground Works and Lighting Hall Insuranté 1.522.95 1.522.95 4.772.04 4,772.04 1,936.46 1.936.46 Water Rates 321.00 321.00 Light and Hèat Cleanin8 Bank Fees 4,307.47 967.25 4.307.47 967.25 101.13 101.13 Capltal Equipment Tea and rots 5.399.13 5,399.13 889.44 889.44 Fun D3y/wellbeing Dance Expenses Postage, Stationery and Broadband 3,797.70 3,797.70 128.70 12&70 602.90 602.90 Entertainment CenCe 75.(Kl 75.00 General Expenses Govemante expenses Accountancy Expense5 226.70 226.70 508. 508.CN) 13,533.14 12,022.73 25,555.87 Net Movement Sn fund for the year.- Nel garrt on resources for thè year Reconciliation of funds 3.060.19 504.71 3,564.90 Totsl of fvnds as at 31 December 2021 31,243.57 Totsl of fund$ as at 31 De¢embÈr 2022 34,808.47 All incoming resources èxpended derive frorn continusng acttvities
Boho Communlty Association galance Sheet Forthe Year ended 31st Dernber 2022 Unrestritted Total Funds Unrestri¢ted Total Funds Notes 202Z 2021 Flxed assets Land 6,599.70 6,599.70 CuFntAsSets Debtors 875.00 Cash at bank and in hand-. 3,425.33 First Trust Current ?ccount 01161-066 Derry8onnelly Crédit Union Share Account -cash in hand 29.039.64 21.895.58 162.53 161.96 124.60 161.00 30.201.77 25.643.87 Creditors: •mounts fallin8 duè withln one year 11,993.001 ii,(M)o.001 Net Current Assets 28.208.77 24,643.87 Net A55ets 34,808.47 31,243.57 resented b Total tunds Reserves 34,808.47 31,243.57 Approved and 3uth¢ri5ed on behalf of ttle trustees on 25th May 2023 Mrs aryD Mr5 Ma aret Corrigan
Boho Communl Assotiati Notes to the Accounts ForThe Year Ended 31 Dernber 202Z l. Accounting Poltcles l a l Ba5Tr5 of Preparatlon The financial statements have been prepared in atcordance with the Statement of Recommended Practice- applicable to charltles preparing their accounts in accordance with the Fin3Trcial Reporrlng Standard applicable in the UK aftd Republic of Ireland IFRS 1021 leffecttve 1st january 20151- (Charities SORP 20151- ICharr(ies SORP IFRS 10211. I b l Funds Structure Where there is a legal restriction on the purpose to which a fund rn3y be put, the fund is classified as a restritted incomè fund where the donor has provided for the donation to be spent in furtherancè of specified charitable purpose. Unrestricted income funds. are applicable for any purpose of the charSty. I C I Incoming Resource5 All incomin8 resources are recognised once the charty has entiuement to the resourcès, it is certain thai the resour$ will be receed and the monetary Wdlue of the incomin8 resources can be measured wlth stsffjcient reliability. Grants of a revenue nature 3re credited to inrorne in the peri•)d to which they relate. I d l Re50urc•5 Expended All expenditu is accounted for on an accruals basls and has been classified under thè headings that aggre8ate all costs related to the category. All expenditure Is reco8nised once there 15 a le8al or constructive obli8ation 3nd cornmittin8 the charity to the expend4ture.
Boho Communi Assodation Notes to the Accounts For The Year Ended 310rnber 2022 2. Status The association has charitable status under H. M. Revenue & Custorns registration number X01531/95. The association is re8lStered with the Charities commisOn. re8lStr3tion number NIC103915 3. Analysis of Income Unrestrtcted Restricted 2022 Funds Funds Total An31 Is of volunta income Renewable Ener8y Payment. Pgwer Nl 1,829 1.829 Neighbourly Ltd 400 FODC Grant Income-Revenue Expenditure 1,636 1,636 FOOC Gnt Income- Capital Expenditure 1,400 Co operation Ireland 3,081 3,081 Oran More Wrnd Farm 8,771 8,771 Fermanagh Trust 500 Community Foundation 5,510 5,510 10.600 12.527 23,127 Anal 15 of incomin resources from charirable arttvities Community Centre Rental income 4,691 4,691 Dances & Funeral Meals 582 582 Donations and Sift5 708 708 5,981 NIL 5,981 Anal is of incomi resources from other sour5 cdi1 Union Dtvidend NIE Wayleave 12 12 13 NIL 13
Boho Commun As5oUaOn Notes to the Accounts F rThe Year Ended 31 Oecember 2022 4. Analysis of resour5 expeb)sed Charitsble Expenditure Governon 2022 2021 Totsi Total Total Tgtal Anal is ol resources ex end for charlt ble activi les ex enses Repalrs and maintenance Oance expenses Hall insur3nce 1.523 1,523 835 129 129 1.936 Light and heat 1.936 1,796 4.307 Postage. stationary & Broadband Accountancy expenses Cleaning Bank Fees 4.307 1,3S4 603 603 563 460 967 967 769 ioi Waterthar8e5 General expense5 Entertainment licence IDI 62 321 321 126 227 227 222 75 Ground werk and park lyghtln8 75 75 4,772 4,772 14.961 5D8 15.469 6.262
Boho Communit Association Notes to the Accounts For The Year Ended 31 December 2022 4b. Analysis of resources expensed (restricted) Charitable Expenditure 2022 2021 Governan Total Total Anal 15 of resources ex all dirert ex ended for charitable activities nses EqLsipment 5,399 NIL 5.399 3,494 Charitable expenditure comprises those costs incurred by the charity in the delivery of its attivities and Services for its beneficiaries. Governance costs include those costs a550ciated with meeting the constitutional and statutory requirements of the charity, namely accountancy fees. 5. Emoluments of Trustees and Member5 of the Central Commlttee No trustee or member received any remuneration from the association during the year12020-.ENILI 2022 6. Debtors Other Debtors 2021 875 3,425 7. Creditors.. Amount5 falling due within one year 2022 2021 Accruals 1,993 1,000
Boho Communit Association Notes to the Accounts For The Year Ended 31 December 2022 8. Provisions for liabilities and charges There were no provisions made in the current or previous year. 9. Total Funds of the Charity There were no transfers between restricted and unrestricted fund within the year. Total Fund Total Balance of unrestricted funds at 1st January 2021 24,545 24,545 Surplus allocation to general reserves 3,059 3,059 Balance of unrestricted funds at 315t December 2022 27.604 27,604 Balan of restricted funds at 1st January 2021 6,699 6,699 Surplus allocation to restricted resources 505 505 Balance of restrirted funds at 31st December 2022 7,204 7,204 Total funds both restricted and unre5trlcted at 315t December 2022 34,808 34,808