COMPANY REGISTRATION NUMBER: N1605135
CHARITY REGISTRATION NUMBER: 104912
Whitehead Community
Company Limited by Guarantee
Unaudited Financial Statements
ciation
31 March 2023
BERT J GILMOUR F.C.A.
Chartered accountants
Gilmour & Co Limited
25 High Street
Carrickfergus
Co Antrim
BT38 7Am

Whitehead Community Association
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
Pages
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
1to8
10
11
12to19

Whitehead Community Association
Compaii y Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name
Whitehead Community Association
Charity registrat50n number
104912
Company registration number N1605135
Principal off ice and registered 19 Kings Road
off ice
Whitehead
Co Antrim
BT38 9PT
The trustees
Mr P C Abraham
Mr M R Clarke
Mr B Luney
Mrs Valerie Reynolds
Mr D T Robinson
Mr J Jones
Mrs A Abraham
Mr W Dornan
Company secretary
Mrs A Abraham
Independent examiner
Robert J Gilmour FCA
Gilmour & Co Limited
25 High Street
Carrickfergus
Co Antrim
BT38 7AN
Structure. governance and management
Whitehead Community Association (The Association) is a company, limited by guarantee. It Is
administered in accordance with its articles of association and was registered wilh ihe Charity
Commission for Northern Ireland on 19 May 2016.
The Association was formed in 1981 and is managed by a voluntary committee of up to 17 members.
drawn from local residents who serve as individuals, or: representative members who serve on behalf
of local organisations. This management team contribute to the output of the organisation. The 17
posts are made up of executive members (directors) and non-executive members.

Whitehead Community Association
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2023
Structure, governance and management (continued)
Directors- The legal, financial and governance matters of The Association are managed by a Board of
Directors. The first Directors were selected from persons willing to serve at the formation of the
company. New Directors are identified by the Board, or, by application to the Board and are appointed
subject to demonstrating a strong support for the aims of the organisation. Having demonstrated a
commitment to the Association, new Directors are appointed, subject to successful interview. The
Executive Committee, i.e., the Chair, Vice Chair, Treasurer and Secretary, are appointed from within
the Board each year, at the first committee meeting following the AGM.
Non-Execulive Members- In partnership with the Directors, the non executive members form the
remainder of the general committee, and are responsible for providing support and guidance to the
output of the organisation. This includes activities to support its aims and the long-term sustainability of
The Association.
Company Membership- Any resident of Whitehead. Islandmagee or Bellycarry {detinecJ by the electoral
ward of Larne Loughl who is supportive of the aims of the crganisation is eligible to apply lo become a
member of The Association. Applications are made to the board, they are vetted, and once approved
at a committee meeting, the applicant becomes a membtsr of the Association and has voting rights at
the AGM.
Bill Dornan for the Royal British Legion
Bill Luney for Brighter Whitehead
Valerie Reynolds for Whitehead Storehouse
Stan Woods for Whitehead Wornbles
Isobel Day for Whitehead Golf Club
Sue Harpur for Railway Preservation Society of Ireland
together with 8 local residents- Andrea Abraham, Andrew Brown, Martin Clarke, Jeremy Jones,
Robert Logan, David Robinson Patricia Ingram and Adrian Woods.
Management Committee meetings are held on the first Thursday of each month.
There were 221 members las at 1 April 20231-
Employees: There are two part time Centre Managers, Rosemary Allen and Marianne Mcvey, and a
part time cleaner. Agnes Golec. who look after the day-to-day operation of Whitehead Community
Centre and its activities. In August 2022 two part time Community Engagement Officers, Melissa
Martin and Ann Hunter, were appointed using three-year funding provided by the Department of
Communities and administered by the Rank foundation.

Whitehead Community
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
ssociation
Objectives and activities
Objectives:
The organisation promotes diversity, especially cross-community, and endeavours to make every
person welcome, regardless of religion, ethnic identity, political beliefs, disability, sex, race, creed or
nationality. The objectives of the Association are to promote the beneTit of the Whitehead area by
associating with statutory and local authorities, voluntary organisatiolls, residents and visitors, in a
common effoi-t to advance education, promote and foster a community spirit in favour of equality and
diversity, and to provide or assist in the provision of facilities in the interest of social welfare for
recreation.
Activities:
The Association owns and manages the Whitehead Centre situated at 19 King's Road, Whitehead.
The residents of Whitehead acquired the propety la former cinemal in 1977, to form a Community
Centre which is located in the heart of the town's Conservation Area. Subsequently, major
refurbishments in 2007108 and 2011112 extended the community space. In the 2019j2020 the
Association received grant funding to refurbish the King's Road side of the building. This project saw
the creation of the Whitehead Centre, which serves as a Community and Tourism Hut), with three
additional retail outlet units for start-up businesses in the Comm unity. From the Centre, the Association
delivers three main activities..

Whitehead Community Association
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2023
Objectives and activities (continued)
Community Support= By providing a range of community spaces, consisting of a large hall including
kitchen: 2 function rooms and a meeting room, the Association can support multiple leisure, education
and community groups. In addition, the Whitehead Centre on the Kings Road side of the building
provides exhibition space and has become a conduit for community & local tourism information. It
provides signposting for welfare and leisure activities, together with being a focal point to promote the
town to to visitors.
Business Accommodation- The Whitehead Ceiitre provides and manages a range of small business
units that are available to local residents. The Association offsrs business accommodation on flexible
terms to support new employment for the benefit of local residents and to add to the diversity of
com mercial offerings within the town.
Annual Events: The Association aims to deliver three major and a number of smaller annual events in
support of its objects- each of these events are run to foster community spirit and pride in the town.
The Easter Monday s-mile Road Race.. The road race is the oldest non champion race in Northern
Ireland and has been contested since 1924. The Association has facilitated this event since 2006. It
attracts competitive and fun runners from clubs locally and across Northern Ireland.
The Whitehead Festival: The festival is run over a 2-week summer period and brings together a wide
range of groups and organisations to celebrate the best of Whitehead in a broad spectrum of activities
and events.
The Victorian Street Fair: Established in 2008 and usually run on the last Saturday in November or first
Saturday in December. the street fair celebrates the heritage of the town with its Victorian theme.
Street entertainers, craft and Christmas stalls, together with street vendors ofter the perfect backdrop
to the Christmas lights switch on.
Public Benefit:
The public benefit resulting from the Association's work is the creation of social cohesion, allowing
Whitehead and its environs to develop together as a community, offering chances for people to meet
and work together, developing skill sets and widening the circle of social interaction and influence.

Whitehead Community Association
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (oontinued)
Year ended 31 March 2023
Achievements and performance
The 202212023 financial year saw the community centre return to near pre-pandemic levels of
occupancy and facility hire. Sadly, a number of facilty hire groups did not survive the enforced lock
down periods resulting from the covid pandemic. New groups have joined us throughout the year and
footfall has steadily increased. We are proud to have retained our Safe Place status, providing
signposting to those needing help in domestic abuse situations.
In September, Genesis Drop-in centre sadly lost its funding and reluctantly gave notice that they would
no longer require the use of one of our upstairs rooms. Genesis had been a much-valued tenant since
joining us to run a computer group in March 2014.
The space vacated by Genesis was leased in October by Chrysalis Counselling and Training who
specialise in child and adult trauma counselling. This has proved to be a very beneficial addition to the
existing businesses and brings family groups and individuals trom around the province to the town. In
the near future, Chrysalis are planning to run training seminars on a broad range of community
focused topics: using our McGuigan Suite facilities.
Things Bright and Beautiful gave notice and vacated their unit at 25 Kings Road in April. Artisan Style
subsequently moved premises from 21 to 25 Kings Road as this provided more usable space for them.
21 Kings Road has since been used to accommodate the seven e-bikes given to the Association as a
result of DAERA funding. It is planned to refurbish this area to better facilitate the e-bikes and their
accessories. With appropriate marketing and management, the Directors are confident the revenue
from e-bike hire will significantly exceed tlie previous rental income trom the unit.
In January 2023, the Small Meeting Room was transforrned from a limited use storage area to a
welcoming meeting room. Staff and volunteers provided the manpower to renovate the room and
dorTrations of furniture, games. jigsaws, pictures and books turned the space into a very popular facility.
An application for MEABC'S Warm Spaces Grant was successful and three sessions per week for six
weeks in February and March 2023 were hosted by one or two members, some of whom were
engaging with the Association for the first time in the capacity of volunteers.
The Whitehead Centre: With part of an allocatior) of DAERA grant funding an history-based exhibit was
designed by committee members. Isobel Day and Adrian Woods who trawled through the archive
materials organised by Vivian Scott to find suitable photos and write the supporting text. Local media
company Circle Creative were engaged to produce the displays. The exhibit consists of two large
display stands depicting pictures and text about tho history of Whitehead and the Whitehead
community. These are used vvhen the exhibition space is not booked and, together with other archive
material have been well received by the community.
DAEFIA funds also provided the exhibition space with electronic equipment to allow videos and audio-
visual displays to be viewed on a a large TV screen. A replica of the old cinema stage, complete wilh
red velvet curtains, was commissioned to house the TV screen and the area has been successfully
used on a number of occasions for preseniations throughout the year.
The Exhibition Space contnues to host local art, craft and photographic displays although the number
and frequency of these has reduced since the opening of the Gallery in December 2022. Throughout
the year the Centre has hosted successful exhibitions from Stearn Art, The Hidden Art Show- Angela
Turkington's Selkie Cloak talk and exhibition., Methodist Church Art Sale, Janine Dempster Art. East
Antrim Artists, Islandrnagee Camera Club and Audrey Kyle Art- and pop-up shops for the Mcmillan
Cancer which raised an arllazing £3,800., Royal National Lif~boat Institute IRNLII and Royal British
Legion (RBLI.

Whitehead Community Association
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
E-Bikes:
In March 2022 the Association took delivery of seven electronic bikes trom Mccallen Bikes, purchasecl
with funding provided by DAERA and administered by Mid and East Antrim Borough Council (MEABCI.
WCA Staff undertook relevant training in the maintenance and operation of the bikes and an off icial
launch was held with DAERA, Tourism Nl and MEABC officials present. The bikes have been used by
visitors to the town and were showcased to locals at tle summer festival. Looking forward, it is hoped
the revenue from these will provide an ongoing source of funding for the Association.
Community Support: The early part of 2022 saw an increase in community usage with the centre
welcom ing several returning and new groups using our facilities including: N. l. Blood Donation Service,
Latin Dance, Line Dancing: Whitehead Community Orchestra, Tai Chi, Ju Jitsu, Wee Gamers Board
Gaming Club, Whitehead Youth Club, Tots that Bop, Steve Diamond Art classes, Glee Club holiday
programme, Messy Minds Playgroup, Sound Bath, traditional yoga, craft groups, needle felting, book
binding, natural wool dying, lino block printing, com munity tour guiding, Japanese dance, silk printing,
natural dye workshops, repair cafe. Whitehead meatings. bird shows and Whitehead Book Club
among others.
Whitehead Youth Club's premises at Castleview underwent significant renovation and we were glad to
have been able to offer the Club use of our maill hall facilities for a number of months.
WCA supported a number of non-profit groups in the town with use of facilities including Small World
Group, Storehouse and Friends of Beach Road Dye Garden. Leukaemia and Lymphoma Nl,. Radius
Housing Coffee Mornings" Repair Cafe, Whitehead,. Music and Mind.
Financial and administrative support was also provided to the Whitehead Wombles and Music and
Mind.
Business Accommodation: The Association's support to local business continues to facilitate jobs and
extend the retail spectrum available to the community- Completion of the refurbighment of the King's
Road side of the building has provided an additional three start up units, the Whitehead Centre and
community hub while providing existing tenants, the Yau Kee Chinese Takeaway, with newly
refurbished premises. The net effect of the latest development is that the community centre hosts
eight businesses which provide 14 direct jobs for local people. The businesses housed in the centre
during the 202212023 financial year were-
The Laundry Room
Balmoral Barbers
Snowglobe Training and Solutions
Yau Kee Chinese Takeaway
Little Einstein's Child Care Facility
Artisan Style
2020 Art
Chrysallis Counselling and Training

Whitehead Community Association
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (Gontinued)
Year ended 31 March 2023
Achievements and performance (continued)
Events run for the Community by the Association
April 2022 Easter Road Race. We were delighted to have our historic road race
back in 2022 which hundi-eds of runners from all over the province and abroad taking part. It
was a very successful event, partly sponsored by Wrights'spar.
June 2022 The Queen's Platinum Jubilee celebrations. A great day of family fun and
celebrations run in conjunction with the Methodist Church.
July 2022 Summer Festival
August 2022 - Nl Craft Month
September 2022 Local Legends event- a fantastic event recognising and celebrating
local sporting heroes Mark McHugh (Commonwealth Lawn Bowls Gold Medallist) and Callum
Pollard and Luke Simpson who won world and national sailing championship awards.
November 2022 Victorian Street Fair
January 2023 Burns Night Ceilidh
Committee Contribution
The Association and the comm unity centre are reliant, by their nature, on the voluntary contribution of
individuals serving as members of the committee. The Association is supported on a daily basis by the
work of its volunteers in numerous activities including administration. planning, support to events and
practical assistance.
Financial review
The Association operates as a non-profit making organisation. The Statement of Financial Activities
shows a surplus of income over expenditure during the year. This has been achieved with the
assistance of grants received, income frorn tenants and income from the Service Level Agreement
agreed with Mid and East Antrim Borough Council.
Grants have been received over the year from several sources to help offset the costs including the
Rank Foundation and Mid and East Antrim Borough Council.
The Association continued to meet its obligations in respect of the Community Finance Ireland
(formerly UCITlloan and are delighted to report the final payment of this long-standing loan was made
early in April 2023.
The Community Centre operates on a very tight budget which requires the Committee to be constantly
vigilant to the income and expenditure of the organisation.

Whitehead Community
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
ssociation
Plans for future periods
The focus of the Directors is on developing the Whitehead Centre. in particular the Exhibition Space
and visitor information facility. The Exhibition space has a program of arts, craft and information events
booked well into the next financial year. The tourist information facility provides visitors to the town with
a focal point for information and it is planned to increase our engagement with accommodation,
activities and hospitality providers in the town. Marketing of our electronic bikes will be be significantly
increased in the 202312024 season and it is hoped to offer more walking tours to residents and visitors.
In March 2023 MEABC informed the Directors that they would be reducing, and eventually ceasing
payment of the Service Level Agreement to the Association. The agreement has been in place since
2007 and the Association relies upon these funds to help with wages and the costs associated with
utilities. Without these funds WCA will struggle to provide the level of service to our community which it
currently enjoys. Directors are actively seeking to have this decision reversed while looking at
alternative sources of funds and will continue to plan for and set the Association's priorities for the next
three to five years to ensure the centre remains relevant and financially stable.
STATEMENT OF COMPLIANCE
In setting our objectives and planning our activities for the year, the Directors have given careful
consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure
that the activities have helped to achieve the charity's purposes and provide a benefit to the
beneficiaries.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 21 June 2023 and signed on behalf of the board of
trust
es by:
Valerie Reyno
Chairperson and Director
Whitehead Community Association

Whitehead Community Association
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Whitehead Community
Association
Year ended 31 March 2023
I report to the trustees on my examination of the financial statements of Whitehead Community
Association {'the charity'l for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the company land also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of
Charities Act (Northern Ireland) 2008 (the '2008 Act-l and the Companies Act 2006 I'the 2006 Act'l.
You are satisfied that the accounts of the company are not required by charity or company law to be
audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company 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 ot
the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my
examination I have followed the general Directions given by the Charity Commission for Northern
Ireland under section 65(91{b) of the 2008 Act.
Independent examiner's statement
I have completed my examination. l Confirm that no matters have come to my attention in connection
with my examination giving me cause to believe that in any material respect-.
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act. or
the financial statements do not accord with those records. or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act 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
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice tor accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
I confirm that t
underst
re are no other matters to which your attention should be drawn to enable a proper
he accounts to be reached.
Robe
Indepen
ilmour
entE
iner
Gilmou
o Limited
25 High Street
Carrickfergus
Co Antrim
BT38 7AN
21 June 2023

Whitehead Community Association
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted
funds Total funds
2022
Unrestricted
funds
Total funds
Note
Incorne and endowments
Donations and legacies
Other trading activities
Investment income
1,267
71.347
77
71,884
73,151
71,347
77
35,988
43.738
Total income
72,691
71,884
144.575
79,735
Expenditure
Expenditure on charitable activities
Total expenditure
73,197
42.023
115,220
115,220
60,972
73,197
42,023
60,972
Net income and net movement in funds
(5061
29,861
29,355
18,763
Reconciliation of funds
Total funds brought fotward
Total tunds carried forward
167,400
166.894
425,847
593,247
574,485
455,708
622,602
593,247
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 12 to 19 form part of these flnancial statements.
10-

Whitehead Community Association
Company Limited by Guarantee
Stateme'nt of Financial Position
31 March 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
15
593,128
592,910
Current assets
Cash at bank and in hand
37,216
27,828
Creditors: amounts talling due within one year
Net current assets
16
2,100
1,050
35,116
26,778
Total assets less current liabilities
628,244
619,688
Creditors: amounts falling due after more than
one year
17
5,642
26,440
593,248
Net assets
622,602
Funds of the charity
Restricted funds
Unrestricted funds
455,708
166,894
622,602
425,847
167,400
Total charity funds
18
593,247
For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476=
The dire¢tors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies. regime.
These financial statements were approved by the board of trustees and authorised for issue on 21
June 2023, and are signed on behalf of the board by-.
Mr D T Robinson
Trustee
The notes on pages 12 to 19 form part of these flnanclal statements.

Whitehead Community Association
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
General intormation
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is 19 Kings Fload, Whitehead. Co Antrim, BT38 9PT.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Flepublic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 10211, the Companies Act 2006 and the Charities Act (Northern Ireland) 2008.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as moditied by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expeiidilure.
The financial statements are prepared in sterling. which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102
Update Bulletin 1 not to prepare a Statement of Cash Flows.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any ot the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
comrnitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal. and fall into one of two sub-classes- restricted incorne funds or
endowment funds.
12-

Whitehead Community Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting policies (Continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity. it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income..
income from donaiions or grants is recognised when there is evidence ot entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and seNices are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a partlGular purpose and returned if unspent, in whiGli case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneticiaries, including those
support costs and costs relating to the governance of the charity apportioned lo charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
13-

Whitehead Community Association
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 Wlarch 2023
Accounting policies {continuedJ
Depreciation
Depreciation is oalculated so as to write off the cost or valuation of an asset. less its residijal
value, over the useful economic life of that asset as follows..
Plant and Equipment
25Q/o reducing balance
Investment property- NilO/..
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
arnount being estimated where stjch indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing: when it is not possible to estimate the recoverable
amount of an individual asset. an estimate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash inflows that largely independent of the
cash illflows from other assets or groups of assets.
For impairment testing of goodwill. the goodwill acquired in a business combination is. from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditEJre. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
14-

Whitehead Community Association
Company Limited by Guarantee
Notes to the Financial Statements (contintsed)
Year ended 31 March 2023
Accounting policies fGontlnued)
Ftnancial instruments (wntlnuedj
Other financial instruments are subs-quently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment: an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that axceeds what the carrying amount would
have been had the impairment not previously beell recognised.
Limited by guarantee
The company is limited by guarantee. In accordance with the company's Memorandum of
Association the members have undertaken to contribute to the assets of the company, in the
event of it being wound up, an amount not exceeding £1 each.
Donations and legacies
Unrestricted
Funds
Fiestricted Total Funds
Funds
2023
Donations
Donations
1,267
1,267
Grants
Grants receivable
Rank Foundation
43,884
28,000
43,884
28,000
73,151
1.267
71,884
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
Donations
886
886
Grants
Grants receivable
Rank Foundation
35,102
35,102
886
35,102
35,988
15-

Whitehead Community Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Other trading acttvities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Fundraising events
Rental Income
Easter R R
Electricity from Tennants
Summer Festival
Music in DAind
Victorian Street Fair
Blackhead Path Foundation
E-Bikes
110
33.386
1,974
5.994
110
33,386
1,974
5,994
40,258
4,055
11,191
7.471
2,982
4,875
40,258
4,055
11,191
7,471
2,982
4,875
2,274
2,274
515
515
71,347
71,347
43,738
43,738
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Bank interest receivable
77
Expenditure on ch2ritable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Support costs
73,197
42,023
115,220
Unrestricted
Funds
Restricted Total Fuiids
Funds
2022
Support costs
32,416
28,557
60,972
Expenditure on charitable activities by activity type
Total funds
2023
Total fund
2022
Support costs
Charitable Activity
Governance costs
113,166
2.054
113,166
2,054
115,220
57,174
3,798
115,220
60,972
16-

Whitehead Community Association
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
10. Analysis of support costs
Analysis of
support costs
activity 1 Total 2023 Total 2022
Direct Event costs
Wageslsalaries
Rates & Water & Rent
Light & Heat
Insurance
Flepairs, cleaning & maintenance
Legal & Professional
Telephone
Printing, Stationery & Postage, & Advertising
Depreciation
25,099
48,152
650
22,888
4,562
5,603
361
1,746
2,042
2,063
25,099
48,152
650
22,888
4,562
5,603
361
1,746
2,042
2,063
1.332
26,919
155
9.512
4.959
6,496
733
1.350
1,963
1,989
113,166
113.166
55,408
11. Net income
Net income is stated after chargingl(creditingl-.
2023
2022
Depreciation of tangible fixed assets
2,063
1,990
12. Independent examination fees
2023
2022
Fees payable to the independent examiner for=
Independent examination of the financial statements
1,050
1,080
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2023
2022
Wages and salaries
48,152
26,919
The average head count o* employees during the year was 512022: 31. The average number of
full-time equivalent employees during the year is analysed as follows=
2023
No.
2022
No.
Number of staff Admin
No employee received employee benefits of more than £60.000 during the year (2022.. Nill.
14. Trustee remuneration and expenses
No remuneration was paid to any of the Trustees during the year. (2019 - £NIL).
17-

Whitehead Community
Company Llmited by Guarantee
ssociation
Notes to the Financial Statements (continued)
Year ended 31 March 2023
15. Tangible fixed assets
Land and
buildings
Equipment
Total
Cost
At 1 Apr 2022
Additions
586.940
18,389
2.281
605,329
2,281
At 31 Mar 2023
586,940
20,670
607,610
Depreciation
At 1 Apr 2022
Charge for the year
At 31 Mar 2023
12,419
2,063
12,419
2.063
14,482
14,482
Carrying amount
At 31 Mar 2023
586,940
586.940
6,188
593,128
592,910
At 31 Mar 2022
5,970
16. Creditors: amounts talling due within one year
2023
2022
Accruals and deferred income
2,100
1,050
17. Creditors: amounts falling due after more than one year
Bank borrowings are secured by a mortgage over the company's premises at 20 Balmoral
Avenue, Whitehead.
18. Analysis of charitable funds
Unrestricted funds
At
Income Expenditure 31 Mar 2023
At 1 Apr 2022
General funds
167,400
72,691
(73,197)
166,894
At
Income Expenditure 31 Mar 2022
At 1 Apr 2021
General funds
155,183
44,633
(32,416)
167,400
18-

Whitehead Community Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
18. Analysis of charitable funds (continued)
Restricted tunds
At
Income Expenditure 31 Mar 2023
At 1 Apr 2022
Restricted Funds
425,847
71,884
142,023)
455,708
At
Income Expenditure 31 Mar 2022
At 1 Apr 2021
Restricted Funds
419,302
35,102
128,5571
425,847
19. Analysis of net assets between tunds
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
131,778
37,216
12,100}
461,350
593.128
37.216
{2,100)
(5,642)
622,602
(5,6421
455,708
166,894
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
140,622
27,828
11.0501
452,287
592,909
27,828
(1,0501
{26,4401
593,247
{26,4401
425.847
167,400
19-