COMPANY REGISTRATION NUMBER. N1032234 CHARITY REGISTRATION NUMBER: NIC 106111 Upperlands Community Development Ltd Company Limited by Guarantee Unaudited Financial Statements 30 September 2022 ER Chartered accountants Gilmour & Co Limited 25 High Street Carrickfergus Co Antrim BT38 7AN
Upperlands Community Development Ltd Company Limited by Guarantee Financial Statements Year ended 30 September 2022 Page Trustees, annual report (incorporating the directors, 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
Upperlands Communlty Development Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) Year ended 30 September 2022 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 30 September 2022. Reference and administrative detsils Reglstered charlty name Upperlands Community Development Ltd Charlty reglstrallon number NIC 106111 Company reglstratlon number N1032234 Prlnclpal off Ice and registered The Linenhall Centre office 67 Kilrea Road Upperlands The trustees D Lamont M R O'Kane G Mcllwaine G Kirkpatrick A Kirkpatrick D Leacock L Rowe W Montgomery (Resigned 7 March 2023) (Resigned 15 November 2022) Independent examlner Robert J Gilmour FCA Gilmour & Co Limited 25 High Street Carrickfergus Co Antrim BT38 7AN Structure, governance and management The company is run by a board of Truslees who are also the dirgctors ot the company. It is governed by its Memorandum & Articles of Association. The Trust98s work with a team of dedicated volunteers and have in the past worked with the probation board. the local jobcentre and network personnel to help those who have been long term unemployed get back to work and workllrain with the company to prepare them for back to work.
Upperlands Community Development Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (contlnued) Year ended 30 September 2022 Objectlves and actlvltles The principal activity of the company is to facilitate Ihe improvement and development of social and economic conditions tor the people living in the Upperlands area. The company works with local community, Statutory authorities, voluntary and other organisalions to provide seNices for children and young people. adults and ensures older people are supported and socially included. The company also aims to support economic activity and job creation, to improve health and wellbeing of the entire community, building cross community relation and to provide art, leisure and recreation activities for the community. Tha companys centre includes a large hall, small hall and board room and is used by local and surrounding communities for events, Classes and meetings, church groups. youth club, afterschools club etc. A weekly luncheon club for the elderly is run by the centre. Other recent activities ilUde set up of a mental health group. a couch to SK fitness and wellbeing programme, Christmas tree switch on event, 4th of July cultural celebration and a visitor centre cultural programme. Strateglc report The following sections for achievements and performance and financial review form the strategic report of the charity. Achlevements and performanc8 The company normally runs well supported community events, craft fairs, summer markets, Christmas Tree Switch on and Halloween parties etc. However due to the global pandemic all 'in person. activities ceased. UCDL were involved in delivering food parcels, meals on wheels, prescription collection and delivery, delivering craft packs for the children and a virtual Christmas light switch on. The centre also has units and industrial workshops available to rent at very competitive rates and we have helped a number of small businesses with start-up advice atc. The company also owns the Flax Coffee Shop and Flax Visilor Centre which are assets to the communily and the Trustees feel that these help ease high levels of social isolation giving people central community meeting places. Flnanclal review The charity'5 results show an excess of expenditure over income for the year. Despile this the unrestricted reserves are still comfortably in excess of 12 months expenditure. Unrestricted reserves at 30 September 2022 amounted to £71.072. 12021 £82.757, while restricted reserves amounted to £403,222. {2021 £419,385).
Upperlands Community Development Ltd Company Limited by Guaranlee Trustees, Annual Report (Incorporating the Directors, Report) (contlnued) Year ended 30 September 2022 The trustees, annual report (incorporating the directors, report) and Ihe strategic report were approved on24May2 an signed on beh f of the board of trustees by: Gmcl Truste aine
Upperlands Community Development Ltd Company Limited by Guarantee Independent Examiner's Report to the Trustees of Upperlands Community Development Ltd Year ended 30 September 2022 I report to the trustees on my examination of the financial statements of Upperlands Community Development Ltd ('the charity,) for the year ended 30 September 2022. Responsibilities and basis of report As the trustees of the company (and 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,) and the Companies Act 2006 ('the 2006 Act,). 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 of the charity's financial statements as Carried out under section 65 of the 2008 Act. In Garrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(bl of the 2008 Act. Independent examiner's statement I have completed my examination. I 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 for 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 there are no other matters to which your attention should be drawn to enable a proper underst In f the accounts to be reached. mour FCA ent Examiner Ind pe our & Co Limited 25 High Street Carrickfergus Co Antrim BT38 7AN 24 May 2023
Upperlands Community Development Ltd Company Limited by Guarantee Statement of Flnancial Activities (Includlng income and expenditure account) Year ended 30 September 2022 2022 Reslricted funds Total funds Total funds 2021 Unrestricted funds Note Income and endowments Donations and legacies Investment income Other income 4,443 31 23,748 28.222 4,443 31 23,748 28,222 25,971 27,777 Total Income 53,756 Expenditure Expenditure on charitable activities Total expendllure 39,907 39,907 16,163 16.163 56,070 67,219 56.070 67,219 Net expendlture and nel movement In funds 111,685) (16,163) (27,8481 113.463) Reconclllalion of tunds Total funds broughl forward Total funds carried lorward 82.757 419,385 403,222 502,142 474,294 515,605 502,142 71.072 The slatement of financial activities includes all gains and losses recognised in the year. All income and expendilure derive from continuing activities. The notes on pages 7 to 15 fom) part of thes8 Ilnanclal statement8.
Upperlands Community Development Ltd Company Limited by Guarantee Statement of Financial Position 30 September 2022 2022 2021 Note Flxed assets Tangible fixed assets 15 405,022 422,512 Current assets Debtors Cash at bank and in hand 16 36,115 35.820 40,640 41.108 81.748 71,935 Creditors: amounts falling due wlthln one year Net current assets 17 2,663 69,272 474,294 474,294 2.118 79,630 502,142 502,142 Total assets less current liabilities Net assets Funds ol the charlty Restricted funds Unrestricted funds 403,222 71.072 419,385 82,757 Total charity funds 18 474,294 502,142 For Ihe year ending 30 September 2022 the charity was enlitled 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 directors acknowledge their responsibilities for complying with Ihe requir8mgnts 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 subjecl to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 24 May 2023 are signed on behalf of Ihe board by: Ilwain8 stee The noles on pages 7 to 15 fomi part of Ihese flnanclal staternents.
Upperlands Community Development Ltd Company Limited by Guarantee Notes to the FinancFal Statements Year ended 30 September 2022 General Intormatlon The charity is a public benefit entity and a private company limited by guarantee, registered in N Ireland and a registered charity in Northern Ireland. The address of the regislered office is The Linenhall Centre. 67 Kilrea Road, Upperlands. Slatement of compllanco These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 1021 (Charities SORP (FRS 10211, the Charities Act (Northern Ireland) 2008 and the Companies Act 2006. Accounting policies Basls ot preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entily. Golng concern There are no material uncertainties about the charity's ability to conlinue. Dlsclosure exemptions The charity has taken advantage of the provisions in the SORP lor charities applying FRS 102 Update Bullelin 1 not to prepare a Statement of Cash Flows. Judgements and key sources ol estlmallon uncertalnty In the application of the charitls accounting policies, the trustees are required lo make judgements estimates and assumptions about the carrwng amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other faclors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised in the period in which the eslimale is revised where the revision affects only that period. or in the period of revision and luture periods where the revision affects both current and future periods.
Upperlands Community Development Ltd Company Limited by Guarantee Notes to the Financial Statements (conNnued) Year ended 30 September 2022 Accountlng pollcles (contlnued) Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Flestricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and lall inlo one of two sub-classes: restricted income funds or endowment funds. Incomlng resources All incoming resources are included in the statement of financial activities when entitlemenl has passed to the charity- it is probable that Ihe 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 calegories of income: income from donalions or grants is recognised when thore is evidence of entitlemenl 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 lair 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 facililies and services 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 contraoled service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purposa and returned if unspont, in which case it may be regarded as restricted.
Upperlands Community Development Ltd Company Llmlted by Guarantee Notes to the Financial Statements (contlnued) Year ended 30 September 2022 Accounting policies (conflnugd) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannol be fully recovered. and is classified under headings of the statement of financial aclivilies to which it relales: expenditure on raising funds includes the costs of all fundraising aclivities, events, non- charitable trading activilies. and the sale of donated goods. expenditur8 on charitable activtties includes all costs incurred by a charily in undertaking activities that further its charitable aims for the benefit of ils beneficiaries. including those support costs and costs relating to the governance ol the charily apportioned to 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 us8 of the resoLFrce. Direct costs attributable to a single activity are allocated directly to that aclivity. Shared costs are apportioned beeen tho activities they contribute to on a reasonable, justifiablg and consistent basis. Tangible assets Tangible assels are initially recorded at cost. and subsequently staled at cosl less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded al the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a resull of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the slatement of financial activities. A decreas8 in the carrying amount ol an asset as a result of revaluation. is recognised in olher recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial aclivilies, Depreclation Depreciation is Galculated so as to wrile off the cost or valualion of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold property Plant and machinery Fixtures, Fittings and Equipment Straight Line over 60 years. Fully depreciated 50/0 reducing balance
Upperlands Community Development Ltd Company Limited by Guarantee Notes to the Financlal Statements Icontlnued) Year ended 30 September 2022 Accountlng pollcies (contlnued) Impalrment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimaled where such indicators exist. Where the carrying value exceeds the recoverable amount, Ihe 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 lo estimate the recoverable amount of an individual assel, an estimate is made of Ihe recoverable amounl 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 independenl of the cash inflows Irom other assets or groups of assets. For impairment testing of goodwill. the goodwill acquired in a business combination is, Irom the acquisition date. allocated to each of the cash-generating unils that are expected to benefit from the synergies of Ihe combination, irrespective of whether other assets or liabilities ol th8 charty are assigned to those units. Financlal Instruments A financial asset or a financial liabilily is recognised only when the charity becomes a paty 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 subs8quenlly measured at the cash or other consideration expected to be paid or received and not discounted. Debt inslrurnents are subsequently measured at amortised cost. Where invesiments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value wilh changes in fair value recognised in income and expenditure. 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 assel 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 ot interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial aclivities, with the exception of hedging instruments in a designated hedging relationship. Financial assets Ihat are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objective evidence of impairmenl, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gairb was recognised. 10
Upperlands Community Development Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 30 September 2022 Accountlng pollcles (contlnued) Flnanclal Instruments (contlnued) 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 Ihat exceeds what the carying amount would have been had the impairment not previously been recognised. Llmlted by guarantee The Company is limited by guarantee. In accordance with the company's Memorandum of Association the members have undertaken lo contribute to the assets of the company in the event of it being wound up, an amount not exceeding £1 each. Donatlons and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Donatlons Donations 5,000 5.000 Granls Grants receivable Covid 19 4,443 4,443 4.443 4,443 20,971 25.971 20,971 25,971 Investment Income Unrestricted Tolal Funds Unrestricted Total Funds Funds 2022 Funds 2021 Investment Income 31 31 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Other income Rental Income 1,575 22,173 23.748 1,575 22,173 23,748 4.015 23.762 4,015 23,762 27,777 27.777 11
Upperlands Community Development Ltd Company Limited by Guarantee Notes to the Financial Slatements (contlnuedj Year ended 30 September 2022 Expendlture on charltable actlvltles by fund typ• Unrestricted Funds Restricted Total Funds Funds 2022 Support costs 39,907 16,163 56,070 Unrestricted Funds Restricted Total Funds Funds 2021 Support costs 51.056 16.163 67.219 Expendlture on charltable activitles by activlty type Total funds 2022 Total fund 2021 Support costs Charitable Activity 56,070 56.070 67.219 10. Analysis of support costs Analysis ol support cosls actlvlty 1 Total 2022 Total 2021 Wages and salaries Rent. rates and insurance Property costs Accountancy costs Bank charges Ollice running costs Depreciation on equipment Depreciation on freehold property Legal and Professional Sundry Expenses 10,384 6,435 15,412 1.125 10,384 6,435 15,412 1,125 148 1,489 1,327 16,163 593 2.994 11,153 6.385 10.625 1.003 141 2,381 1,397 16.163 2,000 15.971 1,489 1,327 16.163 593 2,994 56,070 56,070 67,219 11. Nel expenditure Net expenditure is staled after chargingllcrediting)-' 2022 2021 Depreciation of tangible fixed assets 17,490 17.560 12
Upperlands Community Development Ltd Company Llmited by Guarantee Notes to the Flnancial Statements (contlnued) Year ended 30 September 2022 12. Independent examlnation fees 2022 2021 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,125 1,003 13. Staff costs The average head count of employees during the year was 1 12021: 11. The average number of full-time equivalent employees during the year Is analysed as follows: 2022 2021 No. Number of Administralion staff In addllion, the chaTlty had 15 volunteers during the financial year. No employee rec&ived employee benefits ol more than £60,000 during the year12021: Nil). 14. Trustee remuneratlon and expenses None of the Irustees lor any person Gonnected wlth them)received any remuneration or beneflts from the charity during the year, 15. Tangible flxed assets Freehold property Plant and machinery Equiprnenl Total Cost At 1 Oct 2021 and 30 Sep 2022 Depreciation At l Oct 2021 Charge for the year At 30 Sep 2022 Carrylng amounl At 30 Sep 2022 AI 30 Sep 2021 969,782 24,124 101.820 1,095,226 574,591 16,fj63 24.124 73,999 1,327 672,714 17,490 690,204 590,754 24,124 75,326 379,028 395,191 25,994 405,022 27,321 422,512 16. Debtors 2022 2021 Trade debtors Amounts owed by group undertakings 1,525 39,115 40,640 36,115 36,115 13
Upperlands Community Development Ltd Company Llmlted by Guarantee Notes to the Flnancial Statements (conllnued) Year ended 30 September 2022 17. Credilors: amounts talllng due wlthln one year 2022 2021 Trade creditors Accruals and deferred income Social security and other taxes 471 1,275 917 497 1.275 346 2,663 2,118 18. Analysls of charltable funds Unrestrlcled funds At Income Expenditure 30 Sep 2022 At 1 Oct 2021 General funds 82,757 28,222 139.9071 71,072 At Income Expenditur8 30 Sep 2021 Al 1 Ocl 2020 General funds 80.057 53,756 (51,056) 82,757 Restrlcted funds At Income Expenditure 30 Sop 2022 At 1 Oct 2021 Restricted Funds - Property 419,385 (16.163} 403,222 At Income Expenditure 30 Sep 2021 At 1 Oct 2020 Restricted Funds - Propety 435,548 116,1631 419.385 14
Upperlands Community Development Ltd Company Llmlted by Guarantee Notes to the Flnancial Statements (contlnued) Year ended 30 September 2022 19. Analysls of net assets between funds Unrestricted Funds Reslricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 25.994 47,742 (2,6641 71,072 379,028 24.194 405,022 71,936 12.664) 474,294 403.222 Unrestricted Funds Restricted Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net assets 27,321 57,554 12,1181 82.757 395,191 24.194 422,512 81,748 {2,118) 502,142 419,385 15