Company registration number: Nt010840 Charity registration number.. 104505 Broughshane & District Community Association Ltd (A cotnpany limited by share capltal) Annual Report and Financial Statements for the Year Ended 31 March 2024 D T Carson & Co 51-53 Thomas Stre¢t Ballymena Co. Anlrim BT43 6AZ
Broughshane & District Community Association Ltd Contents Referen¢e and Administrative Details Trustees, Report 2to3 tndependent Examiner's Report Statement of Finan¢ial Athivities Balance Sheet Notes to the Financial Statements 7tol3
Broughshane & District Community Association Ltd Reference and Administrative Details Trustees William Burgess Sandy Wilson Lexie Scott Dr Robert A Redmond ChArity Registration Number 104505 Company Registration Number N1010840 The charity is incorporated in Northern Ireland. Broughshane House 70 Main Street Broughshane Ballymena Co Antrim BT42 4JW Registered Office Independent Examiner D T Carson & Co 51-53 Thomas Street Ballymena Co. Antrim B T43 6AZ Page I
Broughshane & District Community Association Ltd Trustees, Report The trustees. who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable ¢ompany for the year ended 31 March 2024. Objectives and activities Objects and aims The charity's objectives and principal a¢tivities is.. .Tlie mxnagement of a community centre in the village of Broughshane and social enterprise at Broughsliane police station. •Organisinglpromoting community events and advising our member groups on good goveman¢e and potential funding SOU¢$ to develop their activities. .To promote the commiinity and voluntary se¢tor in the area for ihe public benefit. •To advart¢¢ community development in the area for publi¢ benefit. .Provide facilities in the the interests of social welfare for recreation and other leisure-time o¢¢upations with the object of improving the conditions of life for the said inhabitants. .Advance active ¢itizenship and volunteering in the eommunity. •Promote social diversity, good community realtions. so¢ial cohesion, racial and religious harniony and equality and diversity. Public benefit The trustees believe that their objectives and activites benefit th¢ people of Broughshane and the surrounding area through the feeling of ¢itizenship & commiinity developnient. edu¢ation & well-being & relief of those in need. The trustees confim that they have complied with the requirements of the Charities Act INorthem Ireland) 2008 to have due regard to the publi¢ benefit guidance published by tlie Charity Commission for Northern Ireland FinaneiAI review Policy on reserves The charity aims to use their tncome in furtherance of their objectives and any Small amounts in the unrestri¢ted funds are held in order to meet any unforeseen expenditure that may occur. The reserves poli¢y is reviewed on an annual basis. TTU$ttes and officers The trustees and offi¢ers serving during the year and since the year end were as follows.. Trustees: William Burge5S Sandy Wilson Lexie Scott Dr Robert A Redmond Page 2
Broughshane & District Community Association Ltd Trusteesl Report Structiir¢* governance And mAnagement Nature ofgoverning document The organtsation is a charitable company limited by guarantee, incorporated on 15 August 1975 and registered as a charity Wlth the Charity Commission for Northem Ireland on l February 2016 having previously been registerd as a charity with the Inland Revenue. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under it's Articles of Association. StatemeDt of tru$tees' responsibilities The trustees (who are also the dire¢tors of Broughshane & District Community Association Ltd for the purposes of company law) are responsible for pi'eparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unil¢d Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under wmpany law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of ihe state of affairs of the charitable company and of the in¢oming resources and application of resources, including its income and expenditure, of the charilable ¢ompany for that period. In preparing these financial statements, the trustees are required to: select suitable a¢¢ounting policies and apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards, comprising FRS 102 have been followed, subject lo any material departures disclosed and explained in the financial statements. and prepare the financial statements on th¢ goiijg concern basis unles5 it is inappropriate to presume that the charitable company will ¢ontinu¢ iii business. The trustees are responsible for keeping proper ac¢ounting record5 that can dis¢lose with reasonable a¢¢uracy at any time the financial position of the charitable ¢ompany and enable them to ensure that the financial statements ¢oniply with the Companies Act 2006. They are also responsible for safeguarding the asse15 of the ¢liaritabl¢ company and hence for taking reasonable sl¢ps for the prevenlion and detection of fraud and other irregularities. The trustees are responsible for the Maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ froin legislation in other jurisdictions. Thea nual report was approved by the trustees of the charity on I l June 2024 and signed on its behalf by: Lexie Scott Trustee Page 3
Broughshane & District Community Association Ltd Independent Examiner's Report to the trustees of Broughshane & District Community Association Ltd ('the Company,) I report to the charity trustees on my examination of the ac¢ounts of the Company for the year ended 31 March 2024. Responsibilities and bASiS of report As the charity's trustees of Broughshane & District Community Association Ltd (and also its directors for the purposes of company law) you are responsible 'for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of Broughshane & District Community Association Ltd are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your ¢harity'S accounts as carried out under section 65 of the Charities Act INorthern Ireland) 2008. In carying out my examination I have followed the Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An independent ex&mination does not involve gathering all the eviden¢e that would be required in an audit and onsequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the liinited assurance that an independent examination can provide. Consequently l express no opinion as to whetlier the accounts present a 'true and fair, view and my report is limited to those specific matters set out in the independent examiner's statement. Independent examiner's statement I have completed my examination. l ¢onfirn] that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of Broughshane & District Community Association Ltd as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 A¢t other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or 4. the a¢¢ounts have not beeii prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by cliarities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be re3¢hed. Edwin R McLaugh Chartered Accountsnts Ireland 51-53 Thomas Street Ballymena Co. Antrim BT43 6AZ I l June 2024 Page 4
Broughshane & District Community Association Ltd Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrieted funds Restricted funds Total 2024 Note Income and Endowments from: Charitable activities 22.162 24,398 46,560 Total income 22.162 24,398 46.560 ExpeDditure on: Charitabl¢ activities 43,654) 22,940) 66,594) Total expendithre (43,654) (22,940) (66,594) Net (expenditure)lincome TransfeTS between ndS (21,492) 590 1.458 590) (20.034) Net movement in funds (20,902) 868 (20,034) Reconciliation of funds Total funds brought forward 45,229 227,030 272,259 Tolal funds Carried forward 10 24.327 Unrestricted funds 227,898 Restricted fund5 252.225 Total 2023 Note Income and Endowments from: Charitable artivities 53,998 25,898 79,896 Tolal income 53.998 25,898 79,896 Expenditure on: Charitsble activities (52,967) (31.988) (84.955) Total expenditure (52,967) (31.988) (84,955) Net incomel(expenditure) Transfers betwe¢n funds 1.031 400 (6,090) (400) (5,059) Net movement in funds 1,431 (6,490) (5,059) Reconciliation of funds Total funds brought forward Total funds carried forward 43.798 233.520 277.318 io 45,229 227.030 272,259 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 10. The notes on pages 7 to 13 fonn an integral part of these financial statements. Pa8¢ 5
Broughshane & District Community Association Ltd (Registration number: N1010840) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed Assets Tangible assets 214,701 224.419 Current assets Debtors Cash at bank and in hand 7,915 33,790 9.857 39,205 41,705 49.062 Creditors: Amounts falling due within one year 4.181) (1,222) Net current as$ets 37,524 47,840 Net assets 252,225 272,259 Funds of the charity: Restrieted income funds Restricted funds io 227,898 227,030 Unrestricted income funds Unrestricted funds 24.327 45,229 Total fllnds io 252,225 272,259 For the financial year ending 31 Marcli 2024 the cliarity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, respon$ibiliti¢s'. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and th¢ preparation of accounts. The financial statements on pages 5 to 13 were approved by the tru5tee5, and authorised for issue on I l June 2024 and igne on their behalf by: illiam Burge5S Trustee The notes on pages 7 to 13 forni an integral part of these financial statements. Page 6
Broughshane & District Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity statu5 The charity 15 limited by share capital, incorporated in Northern Ireland. The addres5 of its registered oifice is: Broughshane House 70 Main Street Broughshane Ballymena Co Antrini B T42 4JW These financial statements were authorised for issue by the trustees on I l June 2024. 2 Aeeounting policies Summary ofsignificant accounting policies and key a¢¢ounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policie5 have been consistently applied to all the years presented, unless otherwise stated. Statement of complianee The financial statements have been prepared in accoTdan¢e with Accounting and Reporting by Charitie5- Statement of Recommended Practice applicable to Gliarities preparing their accounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland (FRS 102). They also Comply with the Companies Act 2006 and Charities Art (Northem Ireland) 2008. Basis of preparation Broughsliane & District Community Association Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at histori¢al cost or transaction value unless Otherwise Stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant area5 of uncertainty that affect the ¢arrying value of assets held by the cliarity. Income and endowments All in¢om¢ including doantions and graiits that provide core funding or are of a general nature is re¢ognised where ther¢ is entitlement, certainity of receipt and the amount can be measured with suffi¢ient reliability. Expenditure All expenditure is r¢¢ognised once there is a legal or constructive obligation to that ¢xpenditure, it is probable settlement is required and the amount can be measured reliably. All Gost5 are allocated to the applicable ¢xpcnditur¢ heading that aggregate similar costs to that category. Where Gost5 ¢aniiot be directly attributed to particular heading5 they Iiave been allocated on a basis consistent with the use of rgsources. with central staff costs allocated on the basi5 of time spent. and depreciation charges allocated on the portion of the asset's use. Oth¢r support rosts ar¢ atlo¢ated based on the spread of staff costs. Page 7
Broughshane & District Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 Chorilable acliviliaf Charitable expenditure comprises those costs incurred by the charity in the delivery of its a¢tivities and service5 for its beneficiaries. It includes both costs that can be allocated dire¢tly to such activities and those costs of an indirect nature necessary to support them. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received witl)in categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such incorne or gains are applied exclusively to charitsble purposes. Txngible fixed xssets Individual fixed assets are initially recorded at cosL less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation #nd amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value. over their expe¢ted useful economic life as follows.. Asset elAss Land & buildings Furniture & equipment Property improvements Depreciation method and rate 40/0 straight line 200/0 reducing balan¢e IOO/• reducing balance Trade debtors Trade debtors are amounts due for services perfomed in the ordinary course of business. TrAde creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable ar¢ classified as ¢urrent liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the ¢reditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least Éwelve montl)5 after the reporting date, they are presented as non-current liabilities. Trade creditors are re¢ognised initially at the transaction price and subsequently measured at amortised cost using the effeGtiv¢ interest method. Fund structure Unrestricted income funds are generdl fvnd5 that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Page 8
Broughshane & District Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 3 Ineome from chAritable activities Unrestricted funds General Restricted funds TotAI 2024 TotAI 2023 Rental Incorne Members Fees & Subscription Sponsorship Donations Luncheon Club Income Other income Antrim Wind Energy Ltd CFNI Rathsherry M&EA Council Christmas Event M&EA Council Coronation I Platinum Jubilee Event M&EA Council Warm Spaces Scheme M&EA Council Resilience BERCC Older People, Food & Fuel Mid East Anlrim Agewell Partnership Bla¢k Santa Appeal 11,956 650 4,789 690 3.175 15,898 27,854 650 30,532 775 5.634 828 2,065 4.789 690 3,175 30,000 3.000 3,500 3,000 3.000 3.000 3,000 500 500 1,000 500 500 300 500 360 300 600 600 1,200 500 1,500 1.500 22,162 24,398 46.560 79,896 Page 9
Broughshane & District Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 4 Expenditure on charitable Activities Unrestricted funds General Restricted funds Total 2024 Total 2023 Rent Water Rates Light, Heat & Power Insurance Repairs & Maintenance Telephone Printing. Stationery & Advertising Sundry Expenses Bank Interest & Charges Accountancy Professional Fees Luncheon Club Expenses Braid Oil Club Phone Expenses Contribution5 to Village Projects Donations to Broughshane Improveinent Committee Donations to The Village Garden (Broughshane) Ltd Christmas Display & Festival ChristmLs Lights & Cabling Easter Treasure Hunt St Patrick's Day Coronation / Platinum Jubilee Warni Space Project Older People, Food and Fuel Supercup Nl Youth Football Tournament Community Centre Project Depreciation 65 65 479 3,821 4,871 810 381 1,620 1.208 314 840 90 402 3,883 4,376 11,632 367 1,749 978 331 750 540 2.914 301 1,000 479 3.821 1,450 400 381 300 3,421 410 1,320 1,208 264 840 50 4,867 134 1,500 6,367 134 7.000 4,000 6,192 3,568 4,000 7,692 5,068 8,000 14.712 4,101 2.134 500 6,656 504 1,200 1,500 1,500 8,897 500 500 9.397 500 5,100 5.100 261 2,640 467 261 2,640 11,026 10,559 10.834 43,654 22,940 66,594 84.954 Page 10
Broughshane & District Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 5 Net incomingloutgoing resources Net outgoing resources for the year include.. 2024 2023 Depreciation of fixed assets 11.026 10,835 6 Taxation The charity is a registered ¢harity and is therefore exempt from taxation. 7 Tangible fixed As$¢ts Land and buildings Furniture and Other tangible equipment rixed asset Total Cost At l April 2023 Additions 261,857 15.727 1,308 3,313 280,897 1.308 At 31 March 2024 261.857 3,313 282.205 Depreciation At l April 2023 Charge for the year 38.956 10,475 14,350 537 3,172 14 56,478 11,026 At 31 March 2024 49,431 14.887 3,186 67,504 Net book value At 31 March 2024 212.426 2,148 127 214.701 At 31 March 2023 222,901 141 224,419 Furniture & equipment additions include assets amouiiting to £4,308 for whi¢h grants from Mid and East Antrim Policing and Community Safety Partnership and Mid and East Antrim Borough Council Grants Support Sclieme 2023124 were received. These grants have been netted off against the expenditure and the residual is inGluded in unrestricted ass¢ts. Pagell
Broughshane & District Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 8 DebtOTS 2024 2023 Trade debtors Prepayments Other debtors 6.015 1,900 3,606 892 5,359 7,915 9.857 9 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other creditors Accruals 1,204 490 2.487 1,222 4,181 1,222 10 Funds BAlance at 31 March 2024 Balance at I April 2023 Incoming resourees Resources expended Transfers Unrestricted funds Generdl General funds 45,229 22,162 (43,654) 590 24,327 Restricted funds Deferred grants fund Police station The Comunity Foundation Black Santa Appeal M&EA Council 'Community Festivals, M&EA Council 'Grant Support Scheme, 195,939 31,091 (9.267) 9,211 (534) 186,672 41,226 15.898 3.000 1.500 (14,974) (2.466) (1.500) 2,000 (2,000) 2.000 (2,000) Total restrieted funds 227.030 24.398 (22.940) (590) 227,898 Total funds 272,259 46,560 66,594) 252.225 Page 12
Broughshane & District Community Association Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 31 March 2023 Balance at I April 2022 Incoming resources Resources expended Transfers Unrestricted funds Gefteral General funds 43,798 53,998 (52,967) 400 45,229 Restrict¢d Deferred grants fund Police station The Comunity Foundation M&EA Council 'Community Festivals, M&EA Council 'Grdnt Support S¢heme' 205,617 27.903 (9,678) 9,608 {330) 195,939 31,091 18,398 3,000 (24,818) (2,670) 3,500 (3,500) 1.000 ( 1,000) Total restricted funds 233.520 25.898 (31.988) (400) 227,030 Total funds 277.318 79,896 (84,955) 272,259 Page 13