REGISTERED CHARITY NUMBER: 105350 Re ort of the Trustees and Unaudited Financial Slatements for ihe Year Ended 31 March 2024 for slea Communitv Association
Lislea Commun Asso¢iatlon Contents of the Financial Statemer for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examinerfs Report Statement of Financial ActNfties Balance Sheet Notes to the Financial Ststements 5t06 Detsiled Ststement of Financial Activitie5 7t08
Llslea Commun Re ort of the Trustees for the Year Ended 31 March 2024 The trustees preser¢ttheirreportwith thefinancial statementsof the charity fortheyearended 31 March 2024.Thetrustees have adopted the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities, issued in March 21J)5. REFERENCE AND ADMINISTrAnvE DAlLs Registered Charity number 105350 Prlncipal address 112 Ballyards Road Armagh Co. Armagh BT60 3JH Trustees Sean Gordon Sheila Mccreesh Paul Gordon Kenneth Johnston 8ernie McKinnev Gabriel McGuigan Maura Murphy Kathleen Duffii Sheila McAiJley Geraldine Hughes Berni M(Anallen Betty McGurgan Mary Murphy Pai Mcmahon Independent examiner O'connor & Co Accountants Lklt i 49 Keady Road Armagh Co. Armagh BT60 3NW STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document The charity 15 controlled by its governing document. a deed of tnjst. and constitutes an unincory)orated charity. Risk m•nazement Thetrustees have a duty to idelltify and review the risksto which thecharity isexposed and toensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on 19 August 2024 and signed on its behalf by: Sean Gordon- Chairperson Page I
In nd nt Examlner's R Lisl Comm the T stees of I report on the accounts for the year ended 31 March 2024. which are set out on pages three to seven. Re5wnSlbilits and basls of report As the charity's trustees you are spOnsible for the preparation of the accounts in accordance with the requirements of the Charities Art 20111'the Act'l. I have examined your charity's accounts as Tequired under section 145 of the Chartties Act 20111'the Act'l. In carrying out my examination I have followed the Dirertions given by the Charity Commi55ion under section 14515llbl of the 2011 Act. My role 15 to stste whether any material matter5 have come to my attention giving me cause to believe: that accounting records were not kept a5 required by Section 130 ofthe Att,. or that the accounts do not accord with those records- or that the accounts do not Comp wtth the accounting requirements of the Att-or 4. thatthere is further information needed for a proper understanding of the accounts. Independent examlnerfs s¢atempnt I have completed my examination and have no concems in respect of the matters111 to (41 listed above and. in connection with following the Dirertions of the Charity ComMissn I he found no matters that qUIre drawing to your attention. O'connor & Co Accountsnts Unit I 49 Keady Road Armagh BT60 3NW 19 Au8U5t 2024 Page 2
Uslea Commun ststement of Financial Artivitie lor the Year Ended 31 March 2024 31.3.24 Unre5tritted fund Notes INCOMING RESOURCES Incoming restyJrces frorn 8enerated funds Pride of Place Awards Actfvities for generating funds Armagh City, Banbridge & Craigavon Borough Council FAP Grant PHA Clear Small Grants Donations 430 7,430 3,074 2.684 2,638 Totsl incomrng resources 16,256 RESOURCES EXPENDED Costs of 8eneratln8 funds Costs of generating voluntsry income Charitsble actrvitie5 Donations 8.769 Governance costs Other resources expended 750 6455 15,973 Totsl resources expended NET IP4COMING RESOURCES 282 RECONCILIATION OF FUNDS Totsl funds brought forward 41,361 TOTAL FUNOS CARRIED FORWARD 41,642 TFE notes form part of these financial statements Page 3
Llslea Commun" Balance Sheet At 31 March 2024 31-03-2024 313-2023 Notes FIXED ASSErs Tangible assets 12,067 13,038 CURRENT ASSEfs Debtors 17,0(K) 17,0(M) Cash at bank 13.325 12,073 30,325 29,073 CREDITORS Amounts falling due within one year NEf CURRENT ASSETS -750 -750 29.575 28.323 TOTAL ASSETS LESS CURRENT LIABIUTIES 41,642 41,361 NEf ASSETS FUNDS Unrestrirted funds 41,642 41,361 TOTAL FUNDS 41,642 41,361 The flnanclal statements were approved by the Board of Trustees on 29 June 2023 and were signed on Its beha by: Sean Gordon -chairperson Kathleen Duffy- Treasurer The notes fomi part of these financial statements Page 4
ACCOUNTING pouaES Accounting CaentiOn The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard forsmaller Entities leffettive April 20081. the Charities Act 2011 and the requirements of the Statement of Recommended Prartice, Accounting and Reporting bycharities. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggre8ate all cost related to thecate80ry. Wherecostscannotbedirertlyattributedto particular headingstheyhave been allocated toactivitieson a basis consistent with the use of resources. Tanglble Ilxed assets Depreciation is provided at the following annual rates in order to write off e¥h asset over its estimated useful life. Fixtures & Fittings 20% Reducing Balance Taxatlon The chartty is exempt from tax on its charitable artivities. Fund accountin£ Unrestricted funds can be used in accordance with the charitable objertives at the discretion of the trustees. Restrirted funds can only be used for particular restrirted purp)ses within the objects of the charity- Restrittions arise when specified by the donor or when funds are raised for particular restritted purposes. Further explanation of the nature and purpose of each fund is inc14Jded in the notesto thefinancial statements. Hire purchase and leasing commitments Renta15 paid under operating leases are charged to the Statementof Financial Activtties on a straight line basis over the period of the lease. AcnviTIES FOR GENERATING FUNDS 31103124 Donation Grants Monthly Draw ACBC Borough Council FAP Grant Activities for generating funds 2,638 3,114 5,740 3,074 1,690 16256 INVEsfMENT INCOME 31103124 Rents received Bank interest received TRUSTEES. REMUliERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees. expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page S
TANGIBLE FIXED A55Ers Freehold property Fixtures and fittinE5 4,854 COST AdditlOn5 8,184 DEPR£CIATlCtI Charge f or year 971 971 At 31 March 2023 8,184 3,883 4.854 At 31 March 2022 8,184 DEBTORS.'AMOUNTS FALLING DUE wrrHIN ONE YEAR 3V03124 Other debtors 17,(XXI CREDITOKS..AMOUNTS FALLNG DUE WITHIN ONE YEAR 31103124 Other creditors 750 MOVEMEf4T INFUNDS Net movement in funds At 1.4.23 Unrestricted funds General fund 4,1361 281 TOTAL FUNDS 41,361 281 Page 6
Voluntsry Income Donations Monthly Draw Grants 3111 .March 2024 Jlll Mareh 2023 2.638 5,740 6,188 250 2,155 11,076 14.566 13,481 Arti¥ities for generati funds Fundraising events Sponsorships 1.690 3,045 Investment incorne Rents received Totsl Incomin8 resources 16,256 16,526 RESOURCES EXPENDED Costs of leratIng voluntary Income Advertlsing Draw Prize5 Consumables Refreshments Coaches and Leaders Christmas Dinner Hire of Equipment Medals 1.250 1,560 654 4.135 735 568 769 3,123 1.428 8.770 5,452 Charitsble acthiltles Donations Legal & Professional Fee5 Accountanry 750 750 750 750 Support costs Finance Bank chèrges Fixtures and fittings 76 56 76 56 Information tethnology Computer Costs Other Rent Rates and water Insurance Sundry Signage 350 350 75 583 633 287 320 Christmas Switch On 399
Carried forward 2,066 I,Ci18 Other Brought forward Light and heat Telephone Postsge and stationery Repairs & Maintenan Depreciation Fire Safety 1.918 1,817 150 1.142 971 131 ioi 150 1,214 6,379 42 Totsl resources exp*nded 15,974 12,268 282 Net Surplus 4,258 Page 8