UPPERLANDS COMMUNITY DEVELOPMENT LTD (A company limited by guarantee) Annual Report and Financial Statements for the year ended 30 September 2024 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 2024 TRUSTEES. ANNUAL REPORT......................,................................................................................................. INDEPENDENT EXAMINERS REPORT TO THE DIREcfoRS OF UPPERLANDS COMMUNITY DEVELOPMENT LTD................................................................................................................................................................. STATEMENT OF FINANCIAL ACTIVITY (INCLUDING INCOME AND EXPENDITURE ACCOUNT)................... BALANCE SHEET............................................................................................................................................. NOTES TO THE FINANCIALSTATEMENTS...................................................................................................11
UPPERLANDS COMMUNITY DEVELOPMENT LTD TRUSTEES, ANNUAL REPORT The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company forthe year ended 30 September 2024. REFERENCE AND ADMINISTRATIVE DETAILS UPPERLANDS COMMUNITY DEVELOPMENT LTD The Linenhall 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 W Montgomery M McAlary (Resigned 4 October 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 organisations to provide service5 for children and young people, adults and to ensure older people are 5UPPOrted and socially included. To sUPPOrt economic activity and job creation. To improve health and wellbeing of the entire community, building cr055 community relations and to provide art, leisure and recreation activities for the community.
UPPERLANDS COMMUNITY DEVELOPMENT LTD TRUSTEES, ANNUAL REPORT (cont'd) STRucfuRE AND MANAGEMENT The company is run by a board of Trustees who are also the directors of the company. It is governed by its Memorandum & Articles of Association. The Trustees 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 8et back to work and work/train with the company to prepare them for back to work. AcfiviTIES AND OBJEcfivES The principal activity of the company is to facilitate the improvement and development of social and economic conditions for the people living in the Upperlands area. The company works with local community, statutory authoritie5, voluntary and other organisations to provide services 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 activities for the community. The company's 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 forthe elderly is run by the centre. Other recent activities include 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. Public Benefit 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, bringing everyone together, offering opportunities regardless of background. These are demonstrated in many ways throughout the year we hold events and classes where people from a wide range of backgrounds have the chance to meet and form lasting friendships. We also allow other groups and charities to use our hall as well as locally residents to hold community events. We have a visltor centre and coffee shop that allows a central meeting 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 direction to solve their problem5 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 outl. We also hold crafts, seasonal events, healthy eating days and bus trips for this group. We run cross community bus trips locally with Granaghan Women's group in 5watragh. We offer volunteering opportunities to all regardless of background.
UPPERLANDS COMMUNITY DEVELOPMENT LTD TRUSTEES, ANNUAL REPORT (cont'd) There is no harm arising from any of the purposes. The charities beneficiarie5 are a wide range of local and neighbouring community members regardles5 of their background, people who are older, youth, adults, people with mental health issues, people who are socially isolated, people who are struggling 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 Charity Commission for Northern Ireland. ACHIEVEMENTS AND PERFORMANCE 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 number of small businesse5 With start-up advice etc. The company also owns the Flax Coffee Shop and Flax Visitor Centre which are assets to the community and the Trustees feel that these help ease high levels of social isolation giving people central community meeting places. FINANCIAL REVIEW The charity'5 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 2024 amounted to £73,623. (2023 - £77,582, while restricted reserves amounted to £370,896.12023 - £387,059). The trustees, annual report (incorporating the directors, report) and the strategic report were approved on 26 June 2025 and signed on behalf of the board of trustees by: cllwaine Director & Trustee
INDEPENDENT EXAMINERS REPORTTO THE DIRECTORS OF UPPERLANDS COMMUNITY DEVELOPMENT LTD 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 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law} you are responsible forthe preparation of the financial statement5 in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act'} and the Companies Act 2006 ('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 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)Ib) 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 2. the financial statements do not accord with those records," or 3. 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 4. 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 understanding of the accounts to be reached. S Hopper FCA Partner Hopper & Co 26 June 2025
The notes on pages 10 to 18 form part of these financial statements.
UPPERLANDS COMMUNITY DEVELOPMENT LTD STATEMENT OF FINANCIAL AcfiviTY (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 30 September 2024 Note Unrestricted Funds Restricted Funds Total 2024 Total 2023 As restated Income from: Donations and legacies Investment income Other income 9,566 643 25,461 9,566 643 25461 15,554 356 30,147 Total Income 35,670 35,670 46,057 Expenditure on: Charitable activities 39,629 16,163 55,792 55,710 Total Expenditure 39,629 16,163 55,792 55,710 Net expenditure and net movement in funds (3,9591 116,163) (20,122) {9,653) Funds brought forward 77,582 387,059 464,641 474,294 Funds carried forward 10 73,623 370,896 444,519 464,641 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year.
UPPERLANDS COMMUNITY DEVELOPMENT LTD BALANCE SHEET As at 30 September 2024 Note 2024 2023 restated Fixed Assets Cash and cash equivalents Total current assets 15 371,375 371,375 387,599 387,599 Current Assets Debtors Cash and cash equivalents Total current assets 16 36,115 40,197 76,312 36,625 42,959 79,584 Creditors: amounts falling due within one year Total Creditors 17 3,168 3,168 2,542 2,542 Net Current Assets Total assets less current liabilities Total Net Assets 73,144 444,519 444,519 77,042 464,641 464,641 Funds of the charity Restricted funds Unrestricted funds 370,896 73,623 387,059 77,582 Total charity funds 18 444,519 464,641 For the year ending 30 September 2024 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 directors 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.
UPPERLANDS COMMUNITY DEVELOPMENT LTD BALANCE SHEET As at 30 September 2024 These financial statements were approved by the board of trustees and authorised for issue on 26 June 2025 and signed on behalf of the board by. G Mcllwaine Director & Trustee The notes on pages 10 to 18 form part of these financial statements. 10
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS 30 September 2024 l. General information 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 registered office is The Linenhall Centre, 67 Kilrea Road, Upperlands. 2. Statement of compliance 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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP (FRS 102)), the Charities Act (Northern Ireland) 2008 and the Companies Act 2006. 3. Accounting policies Basi5 of 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 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 I not to prepare a Statement of Cash Flows. Judgements and key sources of estimation uncertainty In the application of the charity's accounting policies, the trustees are required to make judgements estimates and assumptions about the carrying 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 factors 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 estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods. 11
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (continued) 30 September 2024 3. Accounting policies (continued) 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 projett or commitment. Restricted funds are subjected to restrictions on their expenditure declared bythe donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming resource5 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 donations or grants is recognised when there is evidence of 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 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 contracted service. This 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 which case it may be regarded as restricted. 12
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS {continued) 30 September 2024 3. Accounting policies (continued) 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 heading5 of the statement of financial activities 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 activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity 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 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 Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment10sses. 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 gains and losses, unless it reverses a charge for impairment that has previously been recogni5ed 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 recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the 1055 is shown within other recognised gains and1055e5 on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold property Plant and machinery Fittings and Equipment Straight Line over 60 year5. Fully depreciated Fixtures, 50A reducing balance 13
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (continued) 30 September 2024 3. Accounting policies (continued) Financial instruments {continued) 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 exceeds what the 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 assets of the company in the event of it being wound up, an amount not exceeding £1 each. 5. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 A5 restated Donations Grants 2,170 7,396 2,170 7,396 2,092 13,462 9,566 9,566 15,554 6. INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 As restated Investment Income 643 643 356 643 643 356 14
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (continued} 30 September 2024 7. OTHER INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 As restated Other income Rental Income 2,870 27,273 25,461 25,461 25,461 25,461 30,147 8. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrestrirted Funds Restricted Funds Total 2024 Total 2023 As restated Support costs 39,629 16,163 55,792 55,710 39,629 16,163 55,792 55,710 9. EXPENDITURE ON CHARITABLE AcfiviTIES BY AcfiviTY TYPE Total 2024 Total 2023 As restated Charitable Activity 55,792 55,710 15
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (continued) 30 September 2024 10. ANALYSIS OF SUPPORT COSTS Total 2024 Total 2023 As restated Wages and salaries Rent, rate5 and insurance Property costs Accountancy costs Bank charges Office running costs Depreciation on equipment Depreciation on freehold property Legal and Professional Sundry Expense5 Event expenses 8,807 10,856 10,818 1,200 174 1,419 1,258 16,163 652 1,439 3,006 10,933 6,520 13,140 1,090 189 1,766 1,260 16,163 463 732 3,454 55,792 55,710 11. NET EXPENDITURE Total 2024 Total 2023 A5 restated Net expenditure is stated after charging/lcrediting): Depreciation of tangible fixed assets 17,421 17,423 17,421 17,423 12. INDEPENDENT EXAMINATION FEES Total 2024 Total 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 1,200 1,090 16
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (continued} 30 September 2024 13. STAFF COSTS The average head count of employees during the year was l (2023: 1}. The average number of full-time equivalent employees during the year is analysed as follows: 2024 2023 Number of Administration staff In addition, the charity had 15 volunteers during the financial year. No employee received employee benefit5 of more than £60,000 during the year12023: 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 2024 Cost 969,782 24,124 101,320 1,095,226 1,197 1,197 Additions At 30 Sep 2024 969,782 24,124 102,517 1,096,423 Depreciation At l Oct 2023 Charge for the year 606,147 16,163 24,124 77,356 1,258 707,627 17,421 At 30 Sep 2024 622,310 24,124 78,614 725,048 Carrying amount At 30 Sep 2024 347,472 23,903 371,375 At 30 Sep 2023 363,635 23,964 387,599 17
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (continued) 30 September 2024 16. DEBTORS Total 2024 Total 2023 As restated Amounts owed by group undertakings Prepayments 36,115 36,115 510 36,115 36,625 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Total 2024 Total 2023 As restated Accruals and deferred income Social security and other taxes 693 2,475 1,275 1267 3,168 2,542 18
UPPERLANDS COMMUNITY DEVELOPMENT LTD NOTES TO THE FINANCIAL STATEMENTS (continued} 30 September 2024 18. ANALYSIS OF CHARITABLE FUNDS Balance at start Income Expenditure Balance at end Unrestricted Funds General fund 77,582 35,670 139,629) 73,623 Unrestricted Funds 77,582 35,670 {39,6291 73,623 Restricted Restricted Fund - Property 387,059 116,163} 370,896 Restricted Funds 387,059 116,1631 370,896 Total Funds 464,641 35,670 {55,7921 444,519 19. ANALYSIS OF NFf ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Funds Total 2024 Total 2023 As restated Tangible fixed assets Current assets Creditors less than l year 23,903 52,888 (3,1681 347,472 23,424 371,375 76,312 13,168) 387,599 79,584 (2,5421 73,623 370,896 444,519 464,641 19