S.A.L.T. COMMI!¥ITY ASSOCIATIO Ilnaudited Financial Statements for.year ended 31 October 2022. SCHEDIILES TO THE ACCOIINTS FOR THE YEAR ENDED 31 OCTOBER 2022 R¢slri¢l¢d Unrt%lrl¢ted Tolal Funds Tolal Fiind Funds 2022 Funds 2022 2022 ?021 .4CHF.DULE I - INCOMF_ Small Gr￿)1$. Volunittr Centre. DAERA RDP Grnnt Dert!. Cii). C ounctl Funding Ilonourdble The Irish S￿le Fundraisin8 Youih Club Dance Proceeds Sundrv Olher Income Salc tsf Equipm¢ni SSL Ainricil), (ir&ni Bank Ini¢r¢si R¢¢eived 500.00 647.46 532.?1 7.164.79 t.￿)0.00 532.21 7.164.79 i.000.00 546.10 81 C).00 ,684.64 546.10 816.00 280. i. ioo.i)o 2.(100.I)O ?,&)0. ?.000.00 77 10.6l}7.1111 4 1x8 51 14 Q14< 41 SCHF.DIILF. 2- MANAGEMENT F.XPF.NSF.4i Eqijipmeni Bought %iaiionery' and OITice Expenses Fle¢li und Llghi Insiirance Kepalrs Walei Rat Dance Expenses Insurances Legal and Professionol Fees R¢pair5 and Nlainienunce 179.98 179.98 ?.070.97 ?.070.97 2.3.0 453.60 2.4?% 39 950.00 1,856.12 142.99 .250.110 187.75 Landscaplng ei¢. Pru%'i5ion$ Guest Speakers Bank Isl &i?d Charges (Xliei Misccllaneous Expens¢s 54.54 298.(M) 29.01 30.00 130.00 111 h**.J7 SCHEDiiLE 3- DEPRECIATION Coinmunuiv Flall Fiiiurcs an(1 E4uipmeni AniuMl%Uion ol'C&piiol Grani Resme 4.737.00 4.737.00 4.7)7.00 o.oo £ 17.1.001 ioo S.A.L.T. C()M%II:YITY ASSOCIATION Unaudited Financial Statements for )'ear ended 31 October 2022. RFSERVES. TC)TAL Reserves at 16 Noveniber ?000 Reserves iransferr¢d from S.A.L.T. Communily As>ocialion on inLorporation. 3.616 Surplii.% UP lo )"ear ended I l October ?021 Siirplud for )'ear Lnded 31 Ociob¢r 20?2 6.652 RLserves at 31 Ociober 20?2 1 ?.999 CAPITAL GRANTS RF.SERVE The Capital Granis reserve comprises the following Capital Grdnls received during ihe period. The reserve will be amortised over the e5timaled useful life of the building, over a 25 year period commencing on the completion of the building. DenTr' District Partnership 2001 NIVT C'apiial Grani 2001 Communilv Fund 2001 Derry l)islrict Partnership 200? Derry City Council 2002 Derry City Council 2003 Rural Community Ne￿Ork 2006 55.144.25 i o.000.00 .5.000.00 4.855.75 21,670.19 13.329.81 Amortised up io ?0? I Amortised in year 7022 (104,714.00) Bal1￿Ce as at 31 Ociokr 2022 S.A.L.T. cOm￿lISN1Ty ASSOCIATION Ilnxudited Financial Stalementq for Trear ended 31 October 2022. NOTF.S TO THE FIYANCIAL STATF..%IEYTS. CASH AT BANK AND ON HAND 2022 2021 Nortliern Bank Curr¢nl AcLounl 8..1(}(}.31 6.-171..11 CIIRRF.NT LIAIIILITIF61 2022 2021 ALcruals 115.00 115.00 115,00 CORPOR.4TION TAX No provision is made for laxaiion in thc accounts on the basis thai the Associaiion will benelit from exempiion from Corporation Tax as a recogni5¢d charity, Charli> RefLrence No. XR43971. SHARF. CAPITAL. The Companv is limiled by a guarantee from each member of the executive cominiltee und does not hai'e issucd sharc capital. Every director being a member of the executive commitiee undertakes io conlribute io the assets of the company. in the of the swne being wound up while helshe is a membcr. or within onc N'ear aller he/she ceuses to be a rncmber. an amount net excecding One Pound (£ I .00> to diqcharge deb¢.8. liabiliiies and an), other Costs and expenses of the winding up. S.A.L.T. COMfvIIINITY ASSOCIATION Ungudited Financial Statements for year ended 31 Oe¢ober 2022. NOTES TO THE FINAIICIAL STATEMENT.5. PRtIS'ClPAL ACCOliNTING POLICIES The following accounting policies have been applies consistentlv in dealing M'ith ilems which are considered material in relation to the accounis of the ASs￿lation. (a) Bayis of accountin%: "I'hl aL'Lounls hai"L bL'en prepared in accordance M'ith the hisiorical cosl convLnlion. The Profit and Loss Accouni is prepared under the accruals concept. (b) Depreeiallon: tkpreciaiion has been provided to write off ihe cosi of fixed osseis over iheir e8timaied useful lives ai ihe following rates, Fixtures and Equipment Lommunity Hall 25 % Straighi LinL Strai&ht Line (c) Income . Income. which excludes V AT. includes revenue g>rants. Revenue grants are ¢rediled io ihe Profit and Loss account in ihc same v¢ar as ihL rL'lat¢d expendilure is incurrcd. SCHEDliLF. OF FIXED ASSF.TS. CnMMI',YITY IIALL FtXTIIRF.S & EQLII>.%IF.%T TOTAL BaluiiLC ai 01 November Y021 Additions during y¢ar DiSPOsals durin8 >'¢ar 118.434.26 0.00 19.540.55 137,974.81 0.00 o.(10 0.00 0.110 Bnlvdii¢e at 31 OL'lob¢r ?022 118.434.*6 19.540.55 137.974.81 DEIJRFCIATION Balancc ai 01 November 2021 L lidrge lor >'ear DispLisAls diiring year 91.739.00 4.737.1)0 0.00 19.540.55 111,279.55 0.00 4.737.00 O,IK) n.00 Balance at 31 (kiober 2022 l}6.4"16.00 IY.i4U.-$5 116.U16.i5 Net book value 2022 1.9j8.:6 0.110 1.9fll.?6 Net book Tralue 2021 ?6.69.S *6 (1.00 ?6.6QS ?6 S.A.L.T. COMMI,rN. ITV ASSOCIATION Iinaudiled Financial Statements for l'ear ended 31 October 2022. BALANCF. SHF.F.T AS AT 31 ocr()IlF.R 2022. cont'd. ror ihc year ended 31 (ktober 2022 the company was entitled io exemption from audii under Lytton 477 of the Companies Aci 2006 rL'lating to small companiL%. Directors, regpon.$ibiIiti￿' The members hai'e not required ihe compan), 10 obiain an audil of lis accounis for the year in 4ueslion in oicordance with section 476 ol'the Companies Aci 2006. The direclors acknowledge their responsibilities for compl>'ing with the requirements of the Companies Act 2006 w'ith ￿SpeCt to thc accountin8 records and the preparaiion of accounts. The financial siatemenis have been prepared in accordance wilh the provisions applicable to companies subjecl to the small companiLs' regime. These financial staiements were approi'cd by ihe Ix)ard of dircctors on aApriL2Q21 Director Mr M HoustOD Thc notcs on pages 6 to 9 fonn part of thes¢ financial sLqierncnts. S.A.L.T. COMMUNITY ASSOCIATION Unaudited Financial Statementy for Trear ended 31 October 2022. BALANCE SHEET AS AT.11 OCTOBER 2022. 2022 2021 Noles FIXED ASSETS Communit), Hall Office fquipmeTht l(a). 2 l(a), 2 21.958 26,695 ?6.6()5 CURRENT ASSETS Cash on I land and ai Bank 8.469 8.46L) 6,-374 ().174 CI;RRF.NT LIABILITIF.S Creditors NF.T CIIRRFNT ASSF.TS ().?$9 TOTAL A4144F.TS LESS CISRRF.NT LIABILITIES) io.I I PROVISION.¢i FOR LIABILITIES C'apilal tir&inls RcSLri'e Airtricity Communiiy l.und 9.913 7.4()() 15.286 7.400 TOTAL h'F.T ASSTr:TS 12.999 10.?68 HARE CAPITAL & RESERVES Sharc Capital Reserve5 1?.999 ? ()()() 10.:68 The notes on pages 6 10 9 forni part of these fu)ancial siat¢ments. S.A.L.T. CO.MMIIYITY A.SSOCIATION Ilnaudlted Financial Statements for ye4r cndcd 31 October 2022. INCOME AYD EXPENDITI'RE ACCOLINT FOR I'EAR EI%DFD 31 OCTOBF.R 2022 2022 2021 TrJCOME Schedule I 14.985.51 16.325.63 MANAGEMENT EXPENSLS Schedule 2 (12,890.51) {13.494.55) DfpRFCIATION Schedule 3 636.00 636.00 SURPLUS I (DF.FICIT) FOR 2,731.00 3.467.08 The Association has no rttognised gains or losses for the year as set out above. All of the ociivities of ihe Associaiion are classed as continuing.. The noies on pages 6 to 9 forni part of these financial statements. nau Inancia t8t¢ments or )'ear en Clo er STATEMENT OF I)IRECTORS' RESPOThSIBILITIES. -I"he Companies Aci 2006 requires diT¢Clors prepare financial stalcincnls t'or each Iinancial year which give a true und lair N'iew of th¢ stai¢ of aftairs of the Compaiis, and of the income and expendiiure of ihe Company for that period. In preparing those tinancial statements the direcwrs are required to: 5clccl suitable accounting policies and applv them consistcnily. niuke judg7eiiients and estimates ihat are rL"asonabl!' prudLnl; prcpare ihe financial statem¢iits on the going conccrn basis unless it is in(IpproprRUte to assunie that thc ('ompany ivill coiilinue iii bu.gines5. The Directors are rcsponsible for keeping proper acLounting rccords which disclose H'ith reasonable aLcuracy the financial position of thc Company and ￿'hich enables them to ensure that the financial statements comply M'itli the Companies Act 2006. The Directors have general responsibilii), tor takiiig SULh steps as are reasonabl), open to ihen) to safegFuard th¢ assets of ihe Company ￿}d to preveni and detect frdud and Other irrcgularitics. Un#udi¢ed Financixl StAlements for )'eAr ended 31 October 2022. Companie% Ref: NlQ.196$0 S.A.L.T COMMUNITY ASSOCIATION UNAUDITED FINANCIAL STATEMENTS FOR YEAR ENDED 31 OCTOBER 2022.