UPPERLANDS COMMUNITY DEVELOPMENT LTD (A company limited by guarantee) Annual Report and Financial Statements for the year ended 30 September 2023 Company Limited by Guarantee Northern Ireland (N1032234) Registered Charity In Northern Ireland (NIC106111)
Upperlands Community Development Ltd Company Limited by Guarantee Financial Statements Year ended 30 September 2023 TRUSTEES, ANNUAL REPORT....... INDEPENDENT EXAMINERS REPORT TO THE DIRECTORS OF UPPERLANDS COMMUNITY DEVELOPMENT LTD........ STATEMENT OF FINANCIAL AcllviTY (INCLUDING INCOME AND EXPENDITURE ACCOUNT).. BALANCE SHEFr.... NOTES TO THE FINANCIAL STATEMENTS... .10
UPPERLANDS COMMUNITY DEVELOPMENT LTD TRUSTEES, ANNUAL REPORT The trustee5, who are directors for the purposes of company law, present the annual report together wlth the financial statements of the charitable company for the year ended 30 September 2023. REFERENCE AND ADMINISTRATIVE DETAILS UPPERLANDS COMMUNITY DEVELOPMENT LTD The Llnenhall Centre 67 Kilrea Road Upperlands Company Registered by Guarantee Northern Ireland {NIC 106111) Registered Charity in Northern Ireland {NIC032234) TRUSTEES D Lamont M R O'Kane G Mcllwaine G Kirkpatrick A Kirkpatrick D Leacock L Rowe W Montgomery M McAlary IResigned7 March 2023} (Resigned 15 November 2022) (Appointed 13 June 2023) INDEPENDENT EXAMINER Simon Hopper FCA Hopper & Co 6 Doagh Road Ballyclare BT39 9BG DESCRIPTION AND PURPOSE We work with local community, statutory authorities. voluntary and other organi5ations to provlde services for children and young people, adult5 and to ensure older people are supported and socially included. To sUPPOrt economic activity and job creation. To improve health and wellbeing of the entire community, building cross community relations and to provide art, leisure and recreation activlties for the communlty.
UPPERLANDS COMMUNITY DEVELOPMENT LTD TRUSTEES, ANNUAL REPORT (convd) STRUCTURE AND MANAGEMENT The company is run by a board of Trustee5 who 3re also the directors of the company. It.Is governed by its Memorandum & Articles of Association. The Trustees wurk with a team of dedicated volunteers and have in the past worked withthe probatlon board, the Socal jobcentre and network personnel to help those who have been long term unemployed get back to work and work/train with the company to prepare them for back to work. AcfiviTIES AND OBJEcnvES The prlncipal attivity of the company is to facilitate the Improvement and development of soclal and economic conditions for the people living In the Upperlands area. The company works with local community, statutory authorities, voluntary and other or83nisations to provide servlces 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 relations and to provide art, leisure and recreation activlt5es for the community. The company's centre includes a large hall, small hall and b03rd room and is used by local and surrounding communities for events, classes and meetingsj church groups, youth club, afterschools club etc, A weekly luncheon club for the elderly is run by the centre. Other recent activities include set up of a mental health group, a couch to SK frtness and wellbeing programme, Christmas tree switch on event, 4th of July cultural celebration and a visxtor centre cultural programme. Public Beneflt The direct benefits flowing from the organisations purposes are to ease the Social and rural isolation that many suffer in the village locally, help the aged, help health, mental and social wellbeing, brin8ing everyone together, offering opportunitie5 regardless of background. These are demonstrated in many ways throughout the year we hold events and cla55es where people from a wide range of backgrounds have the chance to meet and form lasting friendships. We a150 allow other groups and charities to use our hall as well as locally residents to hold community events. We have a visitor centre and coffee shop that allows a central rneeting place for community members regardless of background. We offer assistance and guidance to anyone who needs it and try to point them in the right dirertion to solve their problems if we can't. We run a weekly luncheon club for the elderly where they get a subsidised meal {some of these people are very socially isolated and this IS one of the few occasions they get a chance to go out). We also hold crafts, seasonal events, healthy eating days and bu5 trips for this group. We run cross community bus trips locally wlth Grana8han Women's group In Swatragh. We offer volunteering opportunities to all regardless of background.
UPPERLANDS COMMUNITY DEVELOPMENT LTD TRUSTEES, ANNUAL REPORT {conVd} There 15 no harm arising from any of the purposes. The charities beneficiarte5 are a wide range of local and neighbouring communlty members regardless of their background, people who are older, youth, adults, people with mental health issues, people who are socially isolated¢ people who are struggllng to get back to work etc. There is no private benefit. The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2008 to have due regard to the public benefit guidance published by The Charlty Commisslon for Northern Ireland. ACHIEVEMENTS AND PERFORMANCE The company normally runs well supported communlty events, craft fairs, summer markets, Christmas Tree Switch on and Halloween parties etc. However due to the global pandemic all 'ln person, actlvitles ceased. UCDL were involved in delivering food parcels, meals on wheels, prescrlption collection and delivery, delivering craft packs for the children and a virtual Christmas light switch on. The centre also has unit5 and industrial workshops avallable to rent at very competitive rates and we have helped a number of small businesses With start-up advice etc. The company also own5 the F13x Coffee Shop and Flax Visitor Centre which are assets to the community and the Trustees feel that these help ease high leve15 of social isolation giving people central community meeting places. FINANCIAL REVIEW The charity's results show an excess of expenditure over income for the year. Despite this the unrestricted reserves are still comfortably in excess of 12 months expenditure. Unrestricted reserves at 30 September 2023 amounted to £65,339. (2022 - £71,072, while restrltted reserves amounted to £387,059.12022- £403,222). The trustees, annual report (incorporating the directors, report) and the strategic report were approved on 24j.une 2ri24. and signed on behalf of the board of trustees by: Director & Trustee
INDEPENDENT EXAMINERS REPORTTO THE DIRECTORS OF UPPERLANDS COMMUNITY DEVELOPMENr LTD I report to the trustees on my examination of the financial statements of upperla.nds Cornmunity Development Ltd {'the charity,) for the year ended 30 September 2023. Responsibilitles and basi5 of report As the trustees of the company land 31so 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 Acg) and the Companie5 Act 2006 ('the 2006 Art,). 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 examina.tion of 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(9}{b} of the 2008 Act Independent examlner's statement I have completed my examination. I conflrm 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 settion 386 of the 2006 Act; or 2. the financial ststements do not accord with those records; or 3. the financial statements do not comply with the accounting requir:ements of sectlon 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which 15 not a matter considered as part of an independent exarnination; or 4. the financial statements have not been prepared in accordance wlth 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 ding of the accounts to be reached. S Hopper Partner CA Hopper & Co 24 June 2024
UPPERLANDS COMMUNITY DEVELOPMENT LTD STATEMENT OF FINANCIAL ACTivifi {INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 30 September 2023 Note Unrestrlrted Funds Restricted .Funds Total 2023 Total 2022 Income from: Donations and legacies Investment income Other income 3,311 356 30,147 3,311 356 30,147 4,443 31 23,748 Totsl Income 33,814 33,814 28,222 Expenditure on: Charitable activities 39,547 16,163 55,710 56,070 Total Expenditure 39,547 16,163 55,710 56,070 Net expendlture and net movement in funds {5,733) 116,163) (21,896) (27,848) Funds brought forward 71,072 403,222 474,294 502.14.2 Funds carried forward io 65,339 387.059 452,398 474,294 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognlsed during the year. The notes on page5 10 to 18 form part of these financial statements.
UPPERLANDS COMMUNITY DEVELOPMENT LTD BALANCE SHEET As at 30 September 2023 Note 2023 2022 Fixed Assets Cash and cash equivalent5 Totsl current assets 15 387,599 387,599 405,022 405,022 Current Assets Debtors Cash and cash equivalents Total current assets 16 36,625 42,959 79,584 36,115 35,820 Credltors: amounts falllng due wlthin one year Tota5 Creditor5 17 2,542 2,542 2,663 2,663 Net Current Assets Total assets less current liabilities Total Net Assets 77,042 464,641 464,641 69,272 474,294 474,294 Funds of the charity Restricted funds Unrestricted funds 387,059 65,339 403,222 71,072 Total charity funds 18 452,398 474,294 For the year ending 30 September 2023 the charity wa5 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 audtt of its financial statements for the year In question In 3ccord3nce with section 476: The directors acknowledge their re5ponsibilitie5 for complying with the requirements of the Act With respect to accounting record5 and the preparation of financial statements. These tlnancial statements have been prepared in accordance with the provislons applicable to companies subject to the small companies, regime.
UPPERLANDS COMMUNITY DEVELOPMENT LTD BALANCE SHEEr As at 30 September 2023 These flnancial statements were approved by the board of trustees and authorlsed for issue on 201,4, and are signed on behalf of the board by: The notes on pages 10.to 18 form part of these financial statements.
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTESTO THE FINANCIAL STATEMENTS 30 September 2023 l. General information The charity is a public benefit entity and a private company limlted by guarantee, registered in N Ireland and a registered charity In Northern Ireland. The address of the registered officels The Linenhall Centre, 67 Kilrea Road, Upperlands. 2. Statement of compliance These financ131 statement5 have been prepared in compliance with FRS 102, 'The Financlal Reportlng Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charitles preparing their accounts in accordance with the Financlal Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102)). the Charities Act (Northern Ireland} 2008 and the Companies Act 2006. 3. Accounting policies Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modifsed by the revaluation of certain financial assets and liabilitie5 and investment properties measured at f31r value through income or expenditure. 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 abiSityto contlnue. Disclosure exemptions The charity has taken advantage of the provisions In the SORP for charitie5 applyin8 FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. Judgements and key sources of estimation uncertainty In the applicatlon of the charity's accounting policies, the trustee5 are required to make judgements estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The estimate5 and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying a55umptions are reviewed on an on80ing basis. Revisions to estimates are recognised in the period in which the estimate is revised where the revision afferts only that period, or in the period of revision and future periods where the revi51on affect5 both current and future periods. 10
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (contlnued) 30 September 2023 3. Accountlng pollcles (contlnuedl 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. Restricted funds are subjected to restrictions on their expendTture declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted Income funds or endowment funds. 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 benefrt5 associated with the transaction wlll flow to the charity and the amount can be reliably measured. The following 5peclfic policies are applied to particular categories of income: income from donations or grants is recogni5ed when there is evidence of entltlement 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 impractlcal to measure reliably, in which case the value Is derived from the cost to the donor or the estimated resale value. Donated facilitles and services are recognised In the accounts when received if the value can be reliably measured. No amounts are included forthe contributlon of general volunteers. Income from contracts for the supply of servlces Is recognlsed with the dellvery of the contracted service. Thi5 is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in whlch case It may be regarded as restricted. 11
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (continued) 30 September 2023 3. Accounting policie5 (continued) Resource5 expended Expenditure 15 recognised on an accrua15 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 artivlties to which it relates- expenditure on raising funds includes the costs of all fundraising activities. events, noncharitable trading activities, and the Sale of donated goods. expenditure on charitable artivities includes all costs incurred by a charity In undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those 5UPPOrt cost5 and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is nelther related to r3i5in8 funds for the charity nor part of its expenditure on charitable activitie5. All costs are allocated to expenditure categories reflectin8 the use of the resource. Dlrect Costs attributable to a slngle activity are allocated directly to that actlvity. Shared costs are apportioned between the activities theycontribute to on a reasonable, justifiable and consistent basi5. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at C05t less any accumulated depreciation and impairment1055es. Any tangible assets carried at revalued amounts are recorded at 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 result of a revaluation, is recognised in other recognised gain5 and losses, unless it reverses 2 charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, Is recognised in other recogni5ed gains and losses, except to which it offsets any previous revaluation galn, In which case the 105s is shown within other recognised gains and losses on the statement of financial actlvities. Depreciation Depreciation is calculated so as to write off the cost or valuatlon of an asset, less Its resldual value, over the useful economic life of that asset as follows: Freehold property Plant and machinery Fittlngs and Equipment Straight Line over 60 years. Fully depreclated Fixtures, 5Yo reducing balance 12
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (continued) 30 September 2023 3. Accountlng policles (contlnued) Financial instruments (contlnued) For all equity instruments regard5ess of significance, and other financial assets that are indlvidually slgnificant, these are assessed individually for impairment. Other financial assets are either assessed Individu311y 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 exceeds whatthe carrying amount would have been had the impairment not previously been recognised. 4. 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 asset5 of the company in the event of it being wound up, an amount not exceeding £1 each. 5. DONATIONS AND LEGACIE5 Unrestrlrted Funds Restricted Funds Total 2023 Total 2022 Donations Grants 2,092 1.219 2,092 1,219 4.443 3,311 3311 4,443 6. INVESTMENT INCOME Unrestrirted Fund5 Restrlcted Fund5 Total 2023 Total 2022 Investment Income 356 356 31 356 356 31 13
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL 5fATEMENTS (contlnued) 30 September 2023 7. OTHER INCOME Unrestrlcted Fund5 Restricted Funds Total 2023 Total 2022 Other income Rental Income 2,874 27,273 2,874 27,273 1,575 22,173 30,147 30,147 23,748 8. EXPENDITURE ON CHARITABLE AcfiviTIES BY FUND TYPE Unrestricted Fund5 Restricted Funds Total 2023 Total 2022 Support COSt5 39,547 16,163 55,710 56,070 39,547 16,163 55,710 56,070 9. EXPENDITURE ON CHARITABLE ACTIVITIES BY AcfiviTY TYPE Total 2023 Total 2022 Charitable Activity 55,710 56,070 14
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS Icontlnued) 30 September 2023 10. ANALYSIS OF SUPPORT COSTS Total 2023 Total 2022 Wages and salaries Rent, rates and insurance Property costs Accountancy cost5 Bank charges Office running costs Depreciation on equipment Depreciation on freehold property Legal and Professional Sundry Expenses Event expenses 10,933 6,520 13,140 1,090 189 1,766 1,260 16,163 463 732 3,454 10,384 6,435 15,412 1,125 148 1,489 1,327 16,163 593 2.994 55,710 56,070 11. NET EXPENDITURE Total 2023 Total 2022 Net expenditure is stated after charging/{crediting}: Depreciation of tangible fixed assets 17,423 17,490 17,423 17,490 12. INDEPENDENT EXAMINATION FEES Total 2023 Total 2022 Fees payable to the independent examlner for: Independent examination of the financial statements 1.090 1,125 15
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (contlnued) 30 September 2023 13. STAFF cosr5 The average head count of employees during the year was l (2022: 1). The average number of full-time equivalent employees during the year is analysed as follows.. 2023 2022 Number of Adminlstration staff In addition, the charity had 15 volunteers during the financial year. No employee recelved employee benefits of more than £60,000 during the year12022: Nil}. 14. TRUSTEE REMUNERATION AND EXPENSES None of the trustees (or any person connected with them} received any remuneration or benefits from the charity during the year. 15. TANGIBLE FIXED ASSETS Freehold Plant and Equipment property machinery Total 2023 Cost 969,782 24.124 101,320 1,095.226 At l Oct 2022 and 30 Sep 2023 Depreciation At l Oct 2022 Charge for the year 589,984 16,163 24,124 76,096 1,260 690,204 17,423 At 30 Sep 2023 606,147 24.124 77,356 707,627 Carrying amount At 30 Sep 2023 363,635 23,964 387,599 At 30 Sep 2022 379,028 25,994 405,022 16
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (contlnued) 30 September 2023 16. DEBTORS Total 2023 Total 2022 Trade debtors Amounts owed by group undertakings Prepayments 36,115 510 36,115 36,625 36,115 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Total 2023 Total 2022 Trade creditors Accruals and deferred income Social security and other taxe5 471 1,275 917 1,275 1,267 2,542 2,663 17
UPPERLANDS COMMUNI DEVELOPMENT LTD NOTES TO THE FINANCIAL 5TATEMENT5 (contlnued} 30 September 2023 18. ANALYSIS OF CHARITABLE FUNDS Balance at start Income Expenditure Balance at end Unrestricted Funds General fund 71,072 33,814 (39,547) 65,339. Unrestricted Funds 71.072 33,814 (39,547) 65.339 Restricted Restricted Fund- Property 403,222 (16,163) 387,059 Restricted Funds 403,222 (16,1631 387,059 Total Funds 474,294 33,814 (55,710) 452,398 19. ANALYSIS OF NET ASSEfs BEfwEEN FUND5 Unrestrlcted Funds Restrlcted Funds Total 2023 Total 2022 Tangible fixed assets Current assets Creditors less than l year 23,964 43,917 (2,542) 363,635 23,424 387,599 67,341 12,542) 405,022. 71,936 (2,664) 65,339 387,059 452,398 474,294 18