Isltj KILBRONEY Kilbroney Centre (A company Ilmntd by guaTAnt*, hwlng a share capltal) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2024 Company Number: N161X867 Charity Numbor: 104782
Kilbroney Centre (A MPanY Ilmlt•d by guAr•nt••, not havlng a sh•r• capithl) CONTENTS Page Reference and Adminlstralwe Information TfUSt88s' Annual Report Statement of Trustees, Responsibilities Independent Examiners Report Statement of Financlal Activilies Balance Sheet Notes to the Financlal Statements 10-14
Kilbroney Centre {A company limitod by guarnnto8, not having a sharo capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees an Rlchardson (Appolnied l November 2023) Alanah Donaldson Catroina O'Hanlon Dr Ken Roberts Edward Woolley Elizabeth Ann Ferran (Appointed l November 2023) Emma Holley Helga Harris Kenneth John Hooks Matthew Peach Rev Adrian Dorrian Robert Andrew Brannigan Rt Rev Darren James Mccartney Charity Number in Northern Ireland 104782 Company Registration Number N1606867 Roglstered Office and Prtnclpal Address l Fi)resibrook Road Rostrevor Newry BT34 3BT Independent Examiner Malone Accounting 12 New Street Newry County Down BT35 6JD pri1paI 8ankors Utster Bank Ltd 86 Hill Street Newry County Down BT34 IYB
Kilbroney Centre (A eompary limitsd by guar4nto8, not having capi1) TRUSTEES, ANNUAL REPORT for the financial year ended 31 Marth 2024 The trustees present the Trustees. Annual Report, combining the Directors, Report and Trustees. Report, and the unaudi18d financial statements for the financial year ended 31 March 2024. The financial statements 8Je prepared in aGcoTdance with the Companies Act 2006, FRS 102 "The Financial Reponing Standwd applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Charities preparing their financial statements in accordance with the Financial Repoiting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report conlains the infom)ation required to be prthryded in the Trustees, Annual Report under the Statemeni of Recommended Practice (SORP) guidelines. The trustees of the company are aL50 chanty trustees for the purpose of chamty law and under the compatys conststyllon are known as members of the board of tTU5tees. In this report the trustees of Kibroney Centre present a summary of its purpose, govemance. acbVil, achievements and finances for the flnandal year 31 March 2024. The charity is a registered chlty and hence the report and results are presented in a form lch complies ¥th the requirements ol the Companies Act 2(K)6 and. alihough not oblged to comply with the Staternent of Recornmended PTactice applicable in the UK and ReputAic of Ireland FRS 102. the organisation has implemenied its recomrnendations Vhre relevant in these ffinancial sLatemenl& Mlsslon. Obledlves and sirategy Objectives The direct benefits which IINfrom the purpose ofthe organisation are the education and proMlOn of the Chrislian faith to the users ol the ¢entre. the promotion and education of people regatding conseNation ol the naWral envlr0nwnt and the prornotion of reconciliion. religious harmony, 8quah.ty and diversity. These benefits are evidenced through the direct feedback from users of the centre, user suNeys, word of rnouth recommendations and repeat users. The beneficiaries are the u5er5 ofthe centre who come from throughoul North2rn Ireland and include youth gTOUP5 including B8, Brownies etc., church groups and school groups. Revlew of Actlviiles Achievements and Perfomiance 2023-24 has been one of the busiest for the work of the Centre for many years. A% vell &$ ongoing Sidential vRekend bookings the number of rnidnweek school residential groups increased signtficantly with the pre-summer pen¢xl having 8Jmost no capacity left for additional bookings. The summer months were also busy with diflerent organion$ using the Centie foi youth and chiklren's camp5. Most griwps attendiw the Centre continue to use rt rlot just for accornmodation b(rt also to avail of outdoor athrties directed ty Centre staff and outside loc actP41ty provlders thal ¢an be booked. Our grounds, wood and play park are also used exnsivety by groups. The core team of 3 staff are supplemented by 'ban *aff and in September 2023 we also started a year-long intem programme for 3 young adults. These inleins were invthal)le in helping the year lo be a success and their rnain duties involved hosting gTOUPS, kitchen, changeover and running activit'es. As part of their year, the intems gained valuaLle outdoor qualifications that have helped lo build their sknN base. The September to March peTicKI was Jso busier than usual and in the quieter wintsr months the staff caught up on maintenance work. The Irustees met several times during the year and akn cornmunicated regularly via email to lake decisions as Ajlhough revenue has Increased. we have worked hard to maintain approprlate reseNes. The centre continues to need to obt&n sUPPOrt from grant makers and other supporters - both indiNryduds and churthes. This is in line with the centre's chantyble status. The centre staff, Ong bmth support from volunteers, continued to develop the sile considerably induding the development ol outdoor spaces at the Carnpfi sites and near to the main dining hall. The centre Is In good healin going forward, remalnlng Ilnancially viable and operaring wllhln tts alms and oblectlves. We ntinue to be thankful for the support of individuals, churches and grant-makers.
Kilbroney Centre (A company limit•d by guarantw, not having a shar• c•ptsl) TRUSTEES. ANNUAL REPORT for the tinancial year ended 31 March 2024 Financial Results At the end of the financial year the ch&ity has assets of £326.472 (2023 - £371,550) and liabilities of £84,781 (2023- £108,693). The net assets of the charity have decreased by £(21,166). Reserves Posttlon and Pollcy We are aiming for a bank balan which Vuld cover u5 for 6 months. We pay creditors soon after the invoice is approved, so keeping short to medium debt to a minimum. Likewise v encourage timeous seluement of our seles invoice& Trustees The trustees VA served throughout the financid year. except as noted, were as foll(Ms.' Rev Adrian Dorrian Rt Rev Darren James Mccartney Edward Woolley Kenneth John Hooks Ajanah Donaldson Robert Andrew Brannigan Dr Ken Roberts Helga Harris Matthew Peach Catrolna O'Hanlon Emma Holley Alan Richardson (Appointed l November 2023) Elizabeth Ann Ferr8n (Appointsd l November 2023) In accordance th the Constitution, the trustees retire by roiation and, being eligible, offer thereS for rtreleclion. Compllanco wlth Sector-wlde Leglslation and Standards The charity engages pro-actNety with legislation. standard5 and code5 which are developed for the sector. Kilbroney Centre subscribes to and is compliant with the following: The Companies Act 2006 The Chanties SORP (FRS 102) Approved by th• Board of Trust••s on 27 Septembor 2024 and sig11 on its bohalf by. Robert Andrew Brannigan Trustee
Kilbroney Centre {A cornpary limitsd by guarantw. not havlng a thAro capltatj STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2024 The trustees. Ykno are also difectors of Kilbroney Centre for the purpose5 of company law, a responslble for Pfeparlng the financial statements In accordance with applicabl8 law and regulations. Company law requires the trustees as the directors to prepate financiaj slatements for each financiaj year, Under that law the trustees have elected to prepare the Ilrwicial 5tstements in a¢coTdance wrth Uni*d Kingdom General Accepted Accounting Practice (United Kingdom Accounting Standards and applicable hw) including FRS102 'The Financiaj Reporting Standard applicable in the UK and Republic of Ireland-. Under company law the trustees must not 8pprove the financial statements unless they 8Je satisfied that they give a true and f'r view of the slate of affairs ol the charity and of the net income or expenditure of the charity for that period. In preparino Ihese financial statements, the Irustees are requlred to.. select suitable accounting polieS and appty Ihem consistently: make judgements and estimates that are reasonable and prudent, Sta wheiher the flnandal statements have been prepared In accordance th the relevam flnanclal repong framework. identify those standards, and no the effect and the reasons for any Mrial departure from those standards: and prepare the finanual statements on the going coneern basls unlessli is In8ppropriate to presume that the charty will continue in operauon, The trustees confimi that they have complled wfth the above requlrements In preparlng the financlal slaternents. The twslees are responsible for keeping adequate accounting leId5 that are sufficient to show and explain the Charitys transactions and disclose wlth reasonable accuracy at any time the financid position of the charity and enable them to ensure that the financial statements compty with The Companies Act 2fJ06.. They are also responsible for safeguarding the assets of the chaTIty and hence for taking reasonable stsps for th8 prevenijon and detectlon of fraud nd other irregularities. Approved by the BoArd of Trustees on 27 September 2024 and 81gned on118 behpm ty. Robert Andr Brannigan Tru8t•e
Kilbroney Centre IA company Ilmit•d by guarant••. not havlng a 8har• pIta[) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF KILBRONEY CENTRE We havo examined the financJal statamonts of the charity the finanGial y6ar ended 31 March 2024, which cornprrse tho Slaloment of Financial Acbviti8s {in(7)rporating an Income and Expenditura Account). th8 Balanca Shoot and Iho relat&1 nolo6. Thi8 r8wrt18 mad8 sol8ty to th8 charivs members. as a body, in accordanc8 with Chaplw 3 of Part 16 oftho Comp8n$8 Act 2006. Our tsrk has been undertaken so that we might compib the ffinancial statements Ih8t we have been engagod tt) complle, report to the Board of Trus1885 that we have done 50, and state those matters that we have agreed to state to them in thi8 report and for no oth8r purpose. To the full88t extent perniitted by law, we do not accept or assume responsibility to anyono other than the charity and the chariV5 m8rnbars. as a body. for our worK or for this r8POrt. R••p•¢tlv• r•iponslbllltlo• of trusto•8 and •xamln•r The charity's tru5tg95 (who arp also thp dirgctorB of the company for tho pu888 of company law) arg ro8pon8ibla for thè preparation of the finanual statements in accordancA with the raquirements of th6 Compani88 Act 2006. Thè charfty's In1883 con8ld8rthat an audlt Is not requIr for thls flnanclal yearund8r Chapter3 of Part18 oftho Ccnpanlos Act 106 8fKI that an Ind6pendenl examlnallon Is requlred. It Is our responslblllty to.. examine the financial 8tatemen18 undor 8eCllC 65 of the Charltl88 Art follthv tho proc6dur8818id down by the a0r8{ Diroclion8 given by the Chanty Comml881on lor Northgrn Ireland under 65191(b) of tho Chanties Act,. and state whether partlcuLqr matters have come to our attenlcn. Bas1• of Ind•p•nd•nt •xamln•e• r•port We have examlned your charlty flnanclal statements as rnqulrJ under seCJC 85 of the Charrtles Act and our ex8mination w88 C8rried out In 8c¢ord8nc8 with the genor81 Directions given by the Charity Commission for Northem IrolarKI undor sgcb'on 6519llb) of thg Charibas ACL 9xamination indudgs 8 reviow of lh8 8ccounts.ng rerS kept by the chanty and a companson of th8 financial 8tat8m8nts pr8s8nt8d wrth tho88 rocor(18. It also includ08 ¢on8idorats'on of any unusual items or disGlosure5 in the finanGial staternents and seeking explanations from lh8 trustees (wcomir¥J any 8uch mattors. Tho procodures undortakgn do not provide all tho eviJgnc8 that would be required in an audit and consequanty no oplnlon Is Llven as to whether the accounts pres8nl a 'tru8 and falrf vlew and the rnport18 Ilmlted to thoee mattern Set OLrt In Ihe 3taternent below. In connectlon wlth our examlnatlon, no matt8r ha8 come to our attenlon wthlch glvés us eAusè to béllev& that In, any materfal respert: accounting rncord8 were not kopt In accordance 8oclon 386 of Ihe Companle8 Act 2006 the financi818tst8mont8 do not accor(1 wrth Iho80 accounts'ng rgcord8 the finanrial statements have not been prepared in acixjrdancg thè accounting requirements of section 396 of the Companles A¢t2006 and th the method8 and prlnclples ofthe Staternenl of Recommended praCce appllc8ble to prepartrvd thalr acrAyJnt8 In aCrdanCe the FInancI Reportlng Stsndanl appllc8ble In the UK and Republlc of IrèlaThJ (FRS102) there Is furlher InfOrMatk n88ded for a proper undorstandkng of tho acrnunts to bo reached. Ind•p•nd•nt •xamIn• •tat•mont Wè have no concems and have Cfjmo acr088 no other matters in ccffjnoction with the examinalion to whlch attention should b8 dra*n in th18 r8p)rt in order to onablg a propor understanding of the financlal slatements to b8 roachod. Aidan Malone Malone Accounti 12 New Street Newry County Down BT35 6JD
Kilbroney Centre (A company limitod by guaranto0, not havlng a slw• eapitall STATEMENT OF FINANCIAL ACTIVITIES Oncorporating an In¢ome and Expenditure Account) for the finanual year ended 31 March 2024 Unrestricted Restricted Funds Fund5 2024 2024 Totsl Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Funds 2023 Noies InmIng Resources Vtluntary Income Charitsble activities Grants Received Aaiviiies foi generating funds 9.326 9,326 32 ll,000 u,000 139.220 139.220 118.323 118.323 Total Incoming resourees 4,052 000 5.052 127,649 127.649 Expenditure Charilable activiiles 41 165218 11,000 176218 148.671 148.671 Net incomingloutgoing Ye8ources before transfers (21,166) (21,166) (21,022) (21,022) Gross transters between funds Net movement in funds for tho financial year {21.166) (21.166) (21,022) (21.022) Re¢on¢iliation of funds: Total ftjnds beginning of the 262057 262057 293,261 (9.382) 283.879 Total fund5 at th• end of the year 241.691 241.691 272,239 (9.382) 262.857 The Statement of Financial Actriities includes all gains and losses recognised in the financial year. All income and expenditure relale to continuing actrvitr'es. notes on pages 10 10 14 form part of the financid staiements
Kilbroney Centre (A company limitod by guar not hlvlng * •h•r• ¢apW Company Number. N1606867 BALANCE SHEET as at 31 March 2024 2024 2023 Flxod Assots Tanglble assets 316.2LM) Current Assets Delxors C&sh at bank and in hand 216 17,452 37,898 55,350 Cr•dltors: Amounts falllw duo thIn on• y (16.139) Net Curr•ni 30 39,211 Totsl Amets less Current Liabililies 312.641 355.411 Granlg I•1vable (70,950) (92.554) Total N•t AM•t8 2091 262.857 Fund• Restricted trusl lunds General fund {unrestyioed) {9,382) 272.239 Totsl funds 24L691 262.857 These financid ststsments have b88n prepared kn XC0rd vlth the special PfoAslons relatlrwj to small compan188 within Part 15 of the Companies Act 2CKI6. For the finanaai year ended 31 March 2024 the tharty was entitled to exenwkn trom audii under section 477 01 the Companies Act 2LM)6: and no notice has been deposited under secbon 476. The trustees conffimi that the members have not required the compary to olthn an audr( of its finanual statemonts for the financial year in qu8str.on in accordan¢x with section 476 of the Companies Act 26. Thetrustees acknuAedge their responsiljiltties for ensurfno thatthe keeps aco)undng recordsthlch comptyvAth section 386 and for preparirKJ financiaj slatements N¥hich give atrue a1 fair %fjew ofthe stste of affairs of the charty as at the end of the finanaal year and of its profft WKI k)ss for Ihe financial year in accordance viith the requirements of seclions 394 ané 395 and which othewse C(pty with the fewirements oftr* Companies Acl 21X)6 relaling tofinancial starnents, so far as applicab to the charity. Approv•d by th• Board of Tru•t•os and authoris•d for li• on 27 Sopt•mbor 2024 Ind slgnod on Its hall Rob•rt Andr•w Brannigan Trusts• notes on pages 10 10 14 k¥m pan d the fmaThial ststernerts
Kilbroney Centre {A company Ilmlted by guttraniee. not havlng • share capltary NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION Kilbroney Centre is a company limited by guarantee incorporated in Northem Ireland. The registered office of the compary Is l Foresibrook Road, Rostrevor, Nevry. 8T34 38Tl¢h is also the prlnclpal place of business of the company The financial statements have been presented in Pound (£) vthich is also the functional currency of the mpary. SUMMARY OF SIGNIFICAKf ACCOUNTING POLICIES The folloing accounting polcies have been applied consistenty in dealiTrJ with items which are considered materlal in relatlon to the charliys flnariclal statsments. Ba818 of prop•ratlon The flnanclal statements have been prepared on the golng concern basls bjnder the hlslorlcal cost conventlon. modiff ed to incde certain iterns at fair value. The financi statements have been prepared in accordance th the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting standard applicable in Ihe UK and Republic of Ireland FRS 102.. As permitted by lh8 Companies Act 2006, Ihe charity h&s varled the 5tsndard formats in that act for tho statemeni ol Flnancld Actlvlues and the Balance Sheet. Deparnires from Ihe standard fomiats are to comply vthh the requiremerts of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Stat•m•nt of Compllan The fi'nancial sLments of the charity for the financiai year ended 31 March 2024 have been prepared on the going concern basis and in accordance 411th the Statement of Recommended Practice (SORP) "Accounting and Reporrlng by Charl$ prepIng thelr accounts In accordance ¥*lth the Flnanclal Reponlng Swidard appllcablè In the UK and Republic of Ireland FRS 102" Cash flow st•tement The Ghartty h85 avalled of the exemption In FRS 102 froffl the requlrernent to produce a cash flow statement because it is classffied as a small charity, Incoming R•sourc•$ Voluntary income 01 wiial Is Induded In the swement ol Flnandal Aciivltles vthen the ch8Jty is legalty entitled to IL its linancial value can be quantified wilh reasonable cethnty and thefe is reasonable certainty of its ultimate r8ceipL EnlitlBmeni to legacies is eonsid8rÉd Èslablished whén thè charity has been notified of a dlstrfbuilon io be made ty Ihe executors. Income recelved In advance of due performance under a contraci aCcoUnd for as deferred income until eamed. Grants for activities are recognised as income vthen the related condilions for legal entitlemont have been met. All other income is accounted for on an accruals b8Si& Expendlture JI resources expended are accounted for on an accruals basis. charlble activities include costs of services and grants, support costs and depre¢iation on relaied assets. Costs of generating lunds similarfy indude fundraising activities. Non-staff costs not attributed to one category ol activity 8Jlocated or appOoned pro rata to the staffing of the relevant seNlce, Flnance. HR. IT and admlnlstratfve staff costs are dlrectly attrlbutsble to individual activr(ies by objective. Govemance costs are those associated vèith constitutional and slatutory requirements. Tanglble Ilxed a8•ets and depreclailon Tangible fixed assets are sLgted at cosl or al valuation, less accumulated depreciation. The charge to depreciation is calculaled to write off the original cost or valuation of 9ible fe assets, less their estimated re&dual value, over their expected useful lives as folbws: Land and buildings freehdd Plant and machinery Flxtures, Mng5 and gqulpmènt 4% Straighl line 2596 Straight line 1096 strght Ilno io
continued Kilbroney Centre (A eompwry limitsd by guaranth, not having a slwe c¥itsl) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 Debtors Debtors are recognised atthe seldement amounl due after any discount offered. Prepayments are valued at the amount prepaid net of ary trade discounts due. Income recognised ty the charity from oovernment agencies and other Cowfunders. but not yet receD/ed at year end. is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposii at banks requiring less than three months. notice of hdrawal. Taxailon No current or deferred taxation arises as the charity has been granted charitslle exemplion. Irrecoverable valued added tax is expensed as incurred. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 2023 Voluntary Donailons Gift Ad Receipts All Churches Education Authority Belfast Region 3.022 1,810 3,022 1,810 4.062 1,825 7.896 (4.45n 9.326 CHARITABLE AcnvmES Unrestrlcted Restricted Funds Funds 2024 2023 Granls from governments and other COwfund•rs: Victoria Homes Church of Ireland Orphans & Children Society Church of Ireland Youth Department 2.500 6.$00 2.000 2,000 000 32 OTHER TrADING ACTMTIES Unrestrtcted Restricted Funds Funds 2024 2023 Income from groups 139,220 139220 118.323 EXPENDrruRE CHARITABLE ACTivmES Direct C0515 Oth•r Costs Support Costs 2024 2023 Expenditijre on Charitable Actmles Governance Costs (Note 4.2) I2870 2,303 345 173.916 2.303 146.243 2,428 omn 45345 176218 148.671 &2 GOVERNANCE COSTS Diroct othor Support 2023 Accountancy SeTrices 2,303 2,303 2.428
continued Kilbroney Centre (A Mmpary Ilmited by guarantee. not havlng a shwe capltal) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 ANALYSIS OF SUPPORT COSTS 2024 2023 Maintenance Heat & Light Insurance Telephone General Office Water rates 19,623 007 5.633 23.416 14,954 2.572 1.777 1,314 1.865 1.911 1.017 345 45,898 NEf INCOMING RESOURCES 2023 N•t Ineoming R•soureos ara 8tatod aft•r charyingl(cr•diting): Depreclation of tangible assets Independent Examiners remuneratlon: - independent examinats'on semces Amortlsailon of grants recelvable 2Lg08 21,908 2.303 (21.604) 2,428 (21,604) INVESTMENT AND OTHER INCOME 2024 2023 Arnomlsatlon of capital grants feceNod 2L604 21.604 EMPLOYEES AND REMUNERAnoN Number of employ••s The average number ol persons employed (knring the finanrioj year was as follows'.17 2023 Number Numbor Part Tlme Permanent ftjl time 15 17 17 The staff costs comprise: 2023 Waqes and salaries Social securty costs Pension costs 97,106 74.899 2.017 10¥034 76.916 There were no employees Yiith employee beneffts of more than £60.(NJO.
continued Kilbroney Centre (A company Ilmited by guarantee. not havlng a Share capltaD NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 TANGIBLE FIXED ASSErs Land and Plant and Fixturns buildings machinory fittings and ITeehold ulpm¢nt At 31 March 2024 438,353 3,933 53,673 495,959 D•pr•¢iition At I Apfll 2023 Chwge for the financlal ar 139.569 17,534 2.038 38.152 2.694 179.759 21.908 At 31 March 2024 157.103 2.718 41.846 201.667 Net book vthe At 31 March 2024 281,250 1,215 11,827 At 31 March 2023 298,784 1,895 15,521 316,2 DEBTOR5 2024 2023 Trade debto PrepaywEnts and accrued income 216 10,903 6,549 216 17.452 CREDITORS Amounts lalllng due wlthln one year 2024 2023 Bank overdrafts Trade credllors VAT & PAYE Accruals and dolerred Income 6,742 4,457 ,831 16,139 GRAKfs RECEIVABLE 2023 Capitsl grants rocoivod and roceivablo At l April 2023 Decrease in financi year In,982 180,878 (7,896) At 31 March 2024 172.982 172.982 Amortisation At l April 2023 Amorlised in financial year (80,428) (21,604) (58.824) (21.604) At 31 March 2024 (102,032) (80.428) Net book ve At 31 March 2024 70.950 92,554 At l April 2023 92,554 122,054
conlinued Kilbroney Centre (A ¢oMpY Ilmr¢•d by guarant•8, not havlng a share caplta NOTES TO THE FINANCIAL STATEMENTS tor the financial year ended 31 March 2024 2024 2023 Atthe Winning of the year Deficit lor the financial year 262057 (24166) 283,879 (21,022) At the end ol the year 241.691 262,857 FUNDS 14.1 RECONCLIATION OF MOVEMENT IN FUNDS Unrestrictsd Funds FurKI8 At l April 2022 Movemenl during the firwicial year 293.261 (21.022) 283,879 (21,022) At 31 March 2023 Movement during the financial y8ar 262.857 (21.166) 262,857 (21,166) At 31 March 2024 91 24¥691 142 ANALYSIS OF MOVEMENTS ON FUNDS Balane• l Aprll 2023 Incom• Exp•nditur• Transf•r• baiwoon fund8 Balanc• 31 March 2024 Restricted Unrestrleted lunds Unrestrfcted ii,oc() 11,000 262.857 165,656 186,822 241.691 Total lund4 262,857 176,656 197,822 24&691 ANALYSIS OF NET ASSEfs BY FUND Flxed sets - ¢harlty use Current assets Current LonTrterrn Ilabllltles d¢ferr?d Income Total Restricted trusl funds (9,382) (9,382) Unrestricted gen8ral funds 294.292 31,742 (13,393) (8&568) 251.073 294,292 31,742 (13,393) (70,950) 691 STATUS The tharity Is limiled by guarantse not having a share capital. The Ilabillty of Ihe members is limited. Every member of the company undertakes to contribute to the assets of the compamy in the event of its belng wound up while they are members, or within one year thereafter, torthe payment ofthe debts arKI liabilities ofthe ompany contracled before they ceased to be members, and the costs, charges and expenses of vandlng up. and forthe adjuslment of the rights the contritOr5 among ihemselves, such amount as may be required, not exceedirKJ Él. 16. It is the policy of Kilbroney Centre that no r8muneralion is paid to trustees. The key management personnel of The Centre comprtse the trustees and the devthpment officer.