Cullyhanna Community Group (a company limited by guarantee) Statement of financial activities (including income and expenditure account) for the year ended 30 November 2024 Unrestricted Funds Restricted Funds Total Funds Total Funds Notes Nov 2024 Nov 2023 Incoming resources Iiiioiiiiiig ieiL114fiebfroiii ge1rtIti7TgfyIZd5 Voluntary income Otli¥if TlliOIIIIFig it'SLiiifieb Total incoming resources 8,111 2,440 10,551 4,031 4,031 4,031 14,386 10,355 Resources Expended Cost ofgeiiernti?zgfviids CliftrEtnble CO>ts Goiierii¢77Eie LLi4Is 'rotal resources expended 150 264 937 1,201 8,807 5.206 14,013 9,070 6,143 15,213 6,443 6,791 13.384 Net incoming resources foi the year/ Net income for the year 2.830 (3,658) (827) (2,8q2) l otal funds bi'ought forward 36,799 87,564 124?63 127.196 Total fund carried forward 39,629 123,535 124,363 The statement of financial activities includes all gains and lossLS Tecognised in the period All incoming i'esources and resources expL?ndcd derive from conttnuing activitios. The notes on pages 7 to 11 form an integral part of these financial statements
Cullyhanna Community Group (a company Jimited by guaTantee) Statement of Financial Position at 30 November 2024 Note Nov 2024 Nov 2023 Fixed assets Tangible fixLd assets 81,114 86,286 Current assets Debtors Cash at bank and in hand io 3,955 41,265 45,221 39,027 39,027 Creditors: amounts falling due within one year li 2,799 949 Net current a8sets 42,422 38,078 Total a55ets less current liabilities 123,535 124,963 Net assets 123,435 124363 Funds RostricLed income funds Unrestricted income funds 12 13 14 83,906 39.629 87,564 36,799 123,575 124,363 ThL?se financial statements have been prepared in accordance with special provisions relating to small companie5 Within Part 15 of the Companies Act 2006. I,OT the financial Y-ear ended 30 N'oveniber 2024 the company was eiititled to ekL?mption from audit under Section 477 of the Companies Act 2006,. and no notice had been deposited under Section 476. The truslees acknowledge their responsibiIity for ensuring that the charitable company keeps accounting rLiords which comply with Section 386 and for preparing financial statements whicli give a true and fair view of the state of affairs of the cliaritable conipany as at the end of the financial period and of lis surplus or deficit for the finaiicial period in accordance with the requiTemeiits of Section 394 and 395 and whicli othei'wise comply with the requirements of the Companies Act 2006 relating to financial statements so far as applicable to the charitable company. Approved on behalf of the board and authorised for issue on 20 Auc Anne Sheri Dii-eiLor Thomas Rushe Director e notes on pages 7 to 11 form an integral part of these financial statements
Cullyhanna Community Group (a company limited by guaranteL Notes to the financial statements for the year ended 30 November 2024 Accvunting policies The principal aicounting poltcies are summarised below. The accountiiig poltcies have been applied consistelitly throughout the period. 1.1 Basis of accounting I'he financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard in the UK and the Republic of Irelaiid, the Statemeiit of Re(oniniended Practice applicablc to chaTlteis preparing their aciounts with the fRS applicable in the UK and Ireland (FRS 102) - (CharitiLS SORI, (FRS 102)) and tlie Charitics Act {Northern Ireland) 2008. 1.2 Incoming resources All inioming i'esources are included in the statement of financial activities wh1 the charity is entitled to Uie income and the amount can be quantified with reasonable accuracy. The following spocific policies are applied to particular cateRories of income: Voluntary Income is received by way of grants, donations and gifts and is included in full in the staLeinent of financial activities wheii reieivable. GTants where entitlenient is not conditional on the delivLL'y of a specific perforniance by the charity, are revognised when the charity becomes unionditionally entitled to the grant. Doiiated sorviies and facilities are included at the value to the charity whei'e this can be quantified. The value of services provided by voIunteers has not been included. Grants, including grants for the purchase of fixed a85ets, are recognied in full in the statei)ieiit of financiaI activities in the year in which they are reieivable. Income fi'om invesimenLs is included in the year in which it is reieivable. 1.3 Resources expended l-xpoiiditure is reiogiiAscd on an accruaIs basis wheii a liabilÈty is incurred which cannot be fully reiovcred, and is i'eported as part of the expenditure to which it relates. Charitable expeiiditure comprises those costs incurreil by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated direitly to such activities and thosc custs of an indiTect nature necessary to support them. Goveriiance costs include those incurred in the governance of the charity and its a.ssels and are pritnarily as.4L)ciatod with co11stitional and statutory requirements.
Cullyhanna Community Group (a company liniited by guaranteL) Notes to the financial statements for the year ended 30 November 2024 1.4 TangibIe fixed assets and depreciation 'I'angible fixed assets are stated at cost less accumulated depreciation. Cost includes all Clists that are directly attributable to bringing the asset into working coiiditinii for its intended use. Depreciation is provided at rates calculated to write off the cost Iess residual value of each asset over its expecled USLful life, as follows.. Leasehold property Lquipmont Voluntary income 510 reductn% balance 25% rLducin% balance Unrestricted Restricted Total Funds Total Funds Funds Funds Nov 2024 Nov 2023 Grants Receivable N'ewry, Mourne & Down District Council National Lottery Community Fund ID,355 5,264 2.847 Other incomin% resources Unrestricted Restricted Total Funds Total Funds Funds Nov 2024 Nov 2023 Ilooiii rental I'-undTaisin% 13ank inlerost reL~eived 3,158 873 3,158 873 2,440 Cost of generating voluntary income Unrestsicted Restricted Total Funds Total Funds Funds Funds Nov 2024 Nov 2023 Christmas Tree /Small Projeits 150 150
Cullyhanna Commuinty Group (a company limited by guarantee) Notes to the financial statements for the year ended 30 November 2024 Charitable costs Unrestricted Restricted Total Funds Total Funds Funds Funds Nov 2024 Nov 2023 ProjLCt Ci)sts Relit, rates & imsurance T.i%ht & heat Cleanin%, hospitalÉty & maintenance 2,850 1,972 1,160 2,824 2.850 1,972 1,160 3,088 1,424 2,087 2,931 264 264 Governance costs Unrestricted Restricted Total Funds Total Funds Funds Funds Nov 2024 Nov 2023 Professional & accountancy fees Bank interest & charges DeprLiLation 913 913 58 5,171 985 62 5,744 58 878 4,293 937 Net incomin£ resources for the year Nov 2024 Nov 2023 Net incomin% resouries is stated after char%in%: DeprLLiation Taxation The charity's activitie5 fall within the exemptions afforded by the provisinns of the Income and Corporatinn TaxL3S Act 1988. Accordingly, there is no taxation charge in these accounts.
Cullyhanna Community Group (a company limited by guarantee) Notes to the financial statements Eor the year ended 30 November 2024 'rangible fixed assets Fixtures Leasehold Fittings & Property Equipment TOTAL Cost At l Decembor 2023 Additions At 30 Noveinber 2024 151,753 13,401 165,154 151753 165 154 Depreciation At l DecLmber 2023 Char%e for Year At 30 Nokember 2024 69,752 4,100 9,117 I,on 78,869 5,171 Net Book Value at 30 November 2024 Net Book Value at 30 November 2023 10. Debtor5 Nov 2024 Nov 2023 Grant debtors ii. Croditors.. amounts falling due within one year Nov 2024 Nov 2023 Trade Creditors AccruaIs & Defeired income 1,850 949 949 949 12. Analysis of net assets between funds Unrestricted Restricted Total funds Total Funds Funds Funds Nov 2024 Nov 2023 Fund balances at 30 Noveniber as represented by: 'fangible fixed assets Curreiit a.4sets Current liabilities 2,634 36,995 78,480 8,226 (2,799) 81.114 45,221 (2,799) 86,286 39,027 (949) 123 535 124 364 io
Cullyhanna Community Group (a company Iimited by guarantee) Notes to the financial statements for the year ended 30 November 2024 13. Accruals and deferred income Nov 2024 Nov 2023 Deferred income At l Deceniber 2023 Inci'ease in year 2,847 2,847 2,847 Released Én period At 30 NovLniber 2024 14. Unrestricted funds 01-Dec 2023 Incoming Outgoing Resources Resources 30-Nov 2024 Geiierai funds Purposes of unrestricted funds runds which are expendable at the discretioii of the aIrLtr$ in furtheranco of the objLcts of the charity. In addition, fund5 may be held in order to finance capital investmeiit and working capital. 15. Restricted funds 01-Dec 2023 Incoming Outgoing Resources Resources 30-Nov 2024 Grants reieived Purposes of restricted funds Donations or grants received which are dedicated by the doiior for specific PUTP05es. Such purposL>S are withlli the OVLrall aim of the organi.4ation. 16. Contingent liabilities lThe charity has a contingent liability to the grant awarding bodies to repay grants if certain conditions al'e not met. 17. Company limited by guarantee Cullyhaniia Community Group is a company limited by guarantee and does not have a share capital. In the QVLnt of winding up, each member is liable to contribute an amount not exLLeding £1. li