Registered number N1065977 Charity number 104829 Claragh Bridge Vintage Club Report of the Trustees and Financial Statements for the year ended 31 December 2024
Claragh Bridge Vintage Club Directors. Report and Financial Statements Contents Page Company infonnation Trustees Report Independent Examinels Report Statement of Financial Acttvities Balan Sheet Notes to the financial statements &11
Claragh Bridge Vintage Club Company Inforniation Trusteeslofficers Mr Liam Quinn (D1¢10r/chairPer$0n) Mr Patnck Murray (Direclorlsecretary) Mr Liam O'connor (DirectorreaSUrer) Mr Patrick O'connor (Director rustee) Mr Graham Brown {DiClOrrU$tee) Independent Examiner LKerr&Co Unit 58 Armagh Business Centre Loughgall Road Armagh BT617NH Bankers First Trust Bank Main Street Newcastle Co Down BT33 OAD Registered office 39 Ballywillwill Road Castlewellan County Down BT319LF Business Address The Blacksmiths Cottage Clara Bridge Castlewellan Co Down BT319PA Registered number N1065977 Charlty number 104829
Claragh Bridge WinLige Club Trustees, Report The Trustees of Claragh Bridge Vintage Club Lifflrted present their report and the financAal statements for the year ended 31 Dember 2024 and the Trustees vtho Seed during the year are set out on Page 1. The Trustees have adopted the provisions of Accounting and Reporting by Chariknes.. Statement of Recommended Practice applicable to tharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland{FRS102). OBJECTIVES AND ACTIVITIES The objectives of the Company is to organise a cross-communty vintage. classic and agricultural show and community show and community festival together with county markets. musical entertainment. competitions. safety demonstrab'ons. trade stands. craft stalls, communty and voluntary stands. held in a neutral venue to promote better cross- community relations. FINANCIAL REVIEW The Annual Financial Statements are attached on pages 6 and 7 in this Report and the Trustees are pleased with the results for this financial year and V4ith amounts that were available for distribution to various organisations during the year. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The Charity is controlled by its goveming document, a deed of trust, and constitutss a limited company, limited by guarantse, as defined by the Companies Act 2006.
TRUSTEES RESPONSIBILfrf STATEMENT The Trustees are responsible for preparing the Trustses. report and the financial statements in accordance with applicable law and the Unitsd lfjngdom Accounting Standards (United Kingdom Generally Accepted Accounting Pradice). Charities legislation requires the Trustees to prepare financial statements for each financial year. Under Charities legislation the Trustees must not approve the financial statements unless they are satisfied they give a true and fair view of the stste of affairs of the Charity and of the incoming resources including the receipts and payments. of the charity for that year. In preparing these financial statements. the Trustees a required to: - select surtable accountsng policies and then appty them consistenty: -observe the methods and principles in the Charities SORP", -make judgments and accounting ests'mates that a reasonable and pruden( -state whether applicable UK accounting standards have been follcrwed, subject to any material departures disclosed and explained in the financial statements. -prepare the financial stslement$ on the going cOnM basis unless it is inappropriate to presume that the charttable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that a sufficient to show and explain the charity's transath.ons and disdose wth reasonable accuracy at any ts'me the finanaal position of the Charity and enable them to ensure that the financial statements comply wth the Chartties legislation. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other iegUlarities. Approved by order of the board of trustees on 20 February 2025 and signed on its behalf by- Mr Patrick Murray Trustee
Claragh Bridge Vintage Club Independent examiner's report to the charity trustees of Claragh Bridge Vintage Club You have acknowledged on the balance sheet as at 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare accounts that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the ststutory requirement for an audrt for the year. Respoctivo responslbllltles of charlty trustees and examiner As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in ac(x)rdance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law. and is eligible for independent examination. it is my SpOnsIbl11ty to.. 1. Examine the accounts under section 65 of the Charitie$ A 2. Follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act. 3. State whether particular matters have come to my attention. Basis of indopendont oxaminer's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance wtth the general Directions given by the Charity Commission for Northem Ireland under section 65{9}{b) of the Chartbes Act. The examination included a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also induded considerakn.on of any unusual items or disclosures in the accounts. and seeking explanations from you as Charity trustees conceming any such matters. My role is to state vthether any material matters have come to my attention giving me cause to believe.. 1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006. 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial RePo-n9 Standard applicable in the UK and Republic of Ireland. 4. That there is further infomation needed for a proper understanding of the accounts to be reached.
Claragh Bridge Wintsge Club Independent examinerfs statement I have completed my examination and have no concems in respeci of the matters (1) to (4) listed above. and in connection with following the direckn'ons of the Charity Commisison for Northem Ireland. I have found no matters that require draIng to your attention. LKerr&Co Chartered Accountants Unit 58 Amiagh Business Centre Loughgall Road Armagh BT617NH 20 February 2025
Claragh Bridge Vintage Club Statement of Financial Activities for the year ended 31 December 2024 Noto5 2024 2023 Incoming resources Unr•stri¢ted funds Membership Fees received Vintage Show & tractor run Donations Interest received 80 34,626 80 33,143 570 43 33.836 471 35.177 Restrictod funds Grants received 4.525 4,525 4,750 4,750 Total incoming resources 39.702 Resources oxpenses Unrestricted funds Donations Administrative Expenses 23.275 8.313 31.588 15,350 13,373 28,723 Restricted ftinds Charitable activities 4,525 4.525 4.750 4,750 Totsl rosources expenses 36.113 33.473 Net incoming resources 3.589 5,113 Fund balances brought forward 25,102 19,989 Fund balanco8 carried forward 28,691 25,102
Claragh Bridge Vintage Club Balance Sheet as at 31 December 2024 2024 2023 Fixed assets Investments 5.340 5,340 Current assets Cash at bank and in hand 23.891 20.302 Croditors: amounts falling due within one year (540) (540) Net current assets 23.351 19.762 Net assèts 28.691 25.102 Income funds Unrestricted funds Restricted funds 28.691 25.102 Total funds 28,691 25.102 The charitsble Company is entiued to exemption from audit under section 477 of the Companies Act 2006 for the year end 31 Dember 2024. The members have not required the charilable company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordar)ce with Section 476 of the Companies Act 2006. The trustees acknovthedge their responsibilities for (al ensuring that the charitable company keeps accounting records that comply Vth Section 386 and 387 of the Companies Act 2006 and (b)preparing financial ststements which give a true and fair view of the state of affairs of the ¢haritable company as at the end of each financial year and of its surplus or deficit for each financial years in accordance with the requirements of Sections 394 and 395 and which otherwise comply wth the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial ststements have been prepared in ardance Vth the special provisions of Part 15 of the Companies Act 2006 relating to small charttable companies. The financial statements Vre approved by the board of Trustees on 20 February 2025 and were signed on its behalf by.. Mr Liam O'connor (DICtor) • o, b
Claragh Bridge Vintsge Club Notes to the Accounts for the year ended 31 December 2024 1 Accountlng pollcles The financial statements of the chantable company. which is a public benefit entry under FRS 102, have been prepared in accordan wrth the Chanties SORP IFRS 1021 'Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charitses preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151,. Finanaal Reporting Stsndard 102 'The Financial Reporting applicable in the UK and Republic of Ireland, and the Companies Act 20C6. The financial statements have been prepared under the historical cost convenlion. Income All income is COgniSe(l in the Statement of Finanaal Activities once the charity has enlitlement to the funds, it is probable Ihat the income wll be received and the amount can be measured reliably. DePr180n Deprecialion has been provided at the followng rates in order to write off the assets over their estimated useful lives. Plant & equipment Over 5 years E¥epnditurn Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendrture. it is probable that a transfer of economic benefits will be required in setuement and the amount of the obligatr.on can be measured reliably. Expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related to the calegory Where costs cannot be diredy attributed to partscular headings that have been allocated to ath"vities on a basis consistent wtlh Ihe use of resources. Fund accounting Unrestricted funds can be used in accordan wtth the charitable objectives at the discretion of the trustees. Restricted funds can onty be used for parbcular restriced purposes vnthin the objects of the charty. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Claragh Bridge Vintage Club Notes to the Accounts for the year ended 31 December 2024 2 Donatlons - unrestrlcted funds 2024 2023 Autisim Downpatrick Chest Heart & Stroke Assooation Friends of the Cancer Centre Daisy Lodge Canr Fund Slieve Croob 1st Responders Kevin Bell Trust Mymy Order of Malta Ambulance Corps Guide Dogs for the Blind Canr Research Kids Kabin Friends of St Franas Pensioners dinner Advocacy Sands Angel Wishes RNLI r Ambulance Northem Ireland Sarah Addis Miscellaneous donations 3,000 3,750 200 4,200 1,C(JO 1,lJJO 1,C(JO 300 100 500 500 500 800 500 3,000 1,000 1,CQO 2,075 1,L)JO 750 750 2,200 300 1.C(JO 1,cKJO 4.CK)O 1.000 700 15.350 23.275 3 Expenses - Unrestricted funds 2024 2023 Insurance Vintage Show- General cosuexpenses Vintage Show- marquee hire Prints'ng and publishing costs Postage and stationery Equipment expensed Sundry expenses Accountancy Fees Legal & professional fees Motor & machinery expenses Bank charges Heal & light Depreciation 700 6,170 950 1,699 69 1,200 160 678 200 3,124 1.350 2,029 10 678 321 201 269 1,194 13,373 8.313
Claragh Bridge Vintage Club Notes to the Accounts for the year ended 31 December 2024 Expenses . restrfcted fundg 2024 2023 Vintage Show- General cosuexpenses 4,525 4,525 4,750 4 Operating profft 2024 2023 This is staled after charging". Depreciation of owned fixed assets 1,194 5 Tanglble fixed assets Plant and equipment Cost At 1 January 2024 At 31 December 2024 4,335 4,335 Depre¢lation At 1 January 2024 At 31 December 2024 4,335 Net book value At 31 December 2024 6 Investments Other Investments Cost At 1 January 2024 5,340 At 31 December 2024 Other investments 2024 2023 Unlisted investments 5,340 5,340 10
Claragh Bridge Vintage Club Notes to the Accounts for the year ended 31 December 2024 7 Credltors: amounts falling due within year 2024 2023 Accruals 540 8 Unrestrl¢tsd funds 2024 At 1 January 2024 Incoming resources Utilisedllreleasedl Transfers to general fund 25,102 35,177 131,588) 3,589 At 31 December 2024 28,691 9 Restricted funds 2024 At 1 January 2024 Incoming reSoUrS utilisedl{releasedl 4,525 14.5251 At 31 December 2024 9 Taxatlon The company is a registered ¢hanty and is therefore not liable to tsxation. 10 Liabilty of mèmbor8 Claragh Bridge Vintsge Club is a company limited by guarantee. The liability of the members is limited lo an amount not exceeding £1. 11 Controlllng party There is no ultimate controlling party 11