COMMUNITY ADVICE LISBURN & CASTLEREAGH
(COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL)
50 RAILWAY STREET, LISBURN, CO ANTRIM, BT28 1XP Income and Expenditure Account for the year ended 31 March 2024
| Notes INCOMING RESOURCES Grants and donations 2 Other Income 3 EXPENDITURE |
173,740 49,986 223,726 223,724 |
|---|---|
| 199,606 88,132 287,738 215,762 |
|
| (25,866) (38,146) (64,012) 7,962 90,899 55,627 146,526 148,564 - - - (10,000) |
|
| 65,033 17,481 82,514 146,526 |
|
| Total Total Unrestricted Restricted Funds Funds Funds Funds 2024 2023 £ £ £ £ 173,740 49,523 223,263 223,663 - 463 463 61 |
Administration costs 4
(DEFICIT) / SURPLUS OF INCOME OVER EXPENDITURE FOR THE YEAR
Accumulated Surplus of Income over Expenditure carried forward at 1 April 2023
Funds transferred to operationl reserve
SURPLUS OF INCOME OVER EXPENDITURE AT 31 MARCH 2024
COMMUNITY ADVICE LISBURN & CASTLEREAGH
(COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL)
50 RAILWAY STREET, LISBURN, CO ANTRIM, BT28 1XP
| Balance Sheet as at 31 March 2024 Notes Current assets Debtors and prepayments Bank balances Cash in hand Creditors: amounts falling due within one year 6 Net current assets Net assets Financed by:- OPERATIONAL RESERVE FUNDS EMPLOYED 7 Unrestricted funds Restricted funds |
£ 1,492 134,531 2 |
2024 £ 50,000 |
£ 1,492 197,581 2 |
|---|---|---|---|
| 136,025 (3,511) 65,033 17,481 |
|||
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Approved by the Board of Trustees on
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COMMUNITY ADVICE LISBURN & CASTLEREAGH
(COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL) 50 RAILWAY STREET, LISBURN, CO ANTRIM, BT28 1XP
Mrs Yvonne Craig (Chairman) Trustee / Director
Mrs Pamela Neill (Company Secretary / Treasurer) Trustee / Director
Notes to the Financial Statements for the year ended 31 March 2024
- 1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE), effective April 2008, and all other applicable accounting standards, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (revised June 2008), adapted to meet the needs of unincorporated organisations. The only exceptions are where assets for charity use are not depreciated because their life is so long and the residual value is so high that it is considered that the depreciation charge is not material - freehold property. The financial statements have been drawn up in accordance with the provisions of the Charities (Accounts and Reports) Regulations 2008, and include the results of the charity's operations which are described in the Trustees' Report, all of which are continuing.
Insofar as the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (revised in June 2008) requires compliance with specific Financial Reporting Standards other than the FRSSE, then the specific Financial Reporting Standards have been followed where their requirements differ from those of the FRSSE.
The charity has taken advantage of the exemption in the FRSSE from the requirement to produce a cashflow statement.
The particular accounting policies adopted are set out below.
Accounting convention
The financial statements are prepared,on a going concern basis, under the historical cost convention.
The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid.
Incoming Resources
Incoming resources are accounted for on a receivable basis deferred as described below where appropriate.
Investment income
Bank interest is included in the income and expenditure account on a receipts basis.
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COMMUNITY ADVICE LISBURN & CASTLEREAGH (COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL) 50 RAILWAY STREET, LISBURN, CO ANTRIM, BT28 1XP
Deferred income
In accordance with the Statement of Recommended Practice for Accounting and Reporting (revised June 2008) issued by the Charity Commissioners for England & Wales grants received in advance and specified by the donor as relating to specific accounting periods or alternatively which are subject to conditions which are still to be met, and which are outside the control of the charity or where it is uncertain whether the conditions can or will be met, are deferred on an accruals basis to the period to which they relate. Such deferrals (where applicable) are shown in the notes to the financial statements and the sums involved are shown as creditors in the financial statements.
Notes to the Financial Statements for the year ended 31 March 2024
Recognition of liabilities
Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and Reporting (revised June 2008) issued by the Charity Commissioners for England & Wales .
Resources expended
Charitable expenditure includes all expenditure directly related to the objects of the charity and
comprises the following:Costs of raising and generating funds;
Activities in furtherance of the charity's objectives;
The costs of activities in furtherance of the charity's objectives represents the cost of goods and services and ancillary trading costs that have been incurred in charitable activities;
Support costs of activities;
Support costs of activities for charitable purposes include salary costs;
Management and administration of the charity;
Management and administration costs represent expenditure incurred in the management of the charity's assets, organisational administration and compliance with charitable and statutory requirements. In accordance with the requirements of the SORP 2005, such costs are allocated over the various activities of the charity;
Taxation
As a charity, the Company benefits from various exemptions from taxation, afforded by tax legislation. It is therefore not liable to corporation tax on income or gains falling within those exemptions.
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COMMUNITY ADVICE LISBURN & CASTLEREAGH (COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL)
50 RAILWAY STREET, LISBURN, CO ANTRIM, BT28 1XP
Notes to the Financial Statements for
the year ended 31 March 2024
- 2 Incoming resources - grants and donations
| Incoming resources - grants and donations | |
|---|---|
| Lisburn City Council Lisburn City Council - Welfare Reform Lisburn City Council - Salary contributions Department For Communites - Utility costs funding Advice NI - Salary contribution Advice NI - Hosting costs Local fundraising |
Total Total Unrestricted Restricted Funds Funds Funds Funds 2024 2023 £ £ £ £ 173,300 - 173,300 173,300 - 26,884 26,884 5,302 - - - 31,640 - - - 1,500 - 21,554 21,554 11,716 - 1,085 1,085 - 440 - 440 205 |
| 173,740 49,523 223,263 223,663 |
- 3 Incoming resources - other income
| Bank interest received 4 Total resources expended |
Total Total Unrestricted Restricted Funds Funds Funds Funds 2024 2023 £ £ £ £ - 463 463 61 |
|---|---|
| - 463 463 61 |
|
| Total Total |
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(COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL)
COMMUNITY ADVICE LISBURN & CASTLEREAGH
50 RAILWAY STREET, LISBURN, CO ANTRIM, BT28 1XP
Notes to the Financial Statements for
the year ended 31 March 2024
| Unrestricted | Restricted | Funds | Funds | |
|---|---|---|---|---|
| Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Salaries | 148,305 | 73,048 | 221,353 | 164,804 |
| Employer's National Insurance | 11,201 | 7,570 | 18,771 | 13,581 |
| Employers NIC Allowance | (2,991) | (2,009) | (5,000) | (5,000) |
| Pension costs | 3,643 | 3,014 | 6,657 | 2,472 |
| Staff training and welfare | 2,787 | - | 2,787 | 1,280 |
| Rent - office | 11,468 | 3,667 | 15,135 | 15,427 |
| Insurance - Office | 726 | - | 726 | 649 |
| Insurance - Professional Indemnity | 680 | - | 680 | 692 |
| Equipment expensed | 77 | - | 77 | 18 |
| Travel and subsistence | 1,594 | 10 | 1,604 | 1,009 |
| Volunteers and staff dinners | 500 | - | 500 | 637 |
| Bank fees | 313 | - | 313 | 307 |
| Postage | 278 | - | 278 | 137 |
| Printing and stationery | 295 | 216 | 511 | 672 |
| Telephone and fax | 2,694 | - | 2,694 | 2,723 |
| Telephone upgrades | 6,093 | - | 6,093 | 4,318 |
| Advertising | - | 750 | 750 | 128 |
| Computer costs | 438 | 1,770 | 2,208 | 750 |
| Computer upgrades | - | - | - | 464 |
| Legal and professional fees | 7,326 | 96 | 7,422 | 7,160 |
| Independent Examiner's fee | 750 | - | 750 | 735 |
| Accountancy fees | 930 | - | 930 | 915 |
| Payroll services | 1,041 | - | 1,041 | 500 |
| Information and publications | 134 | - | 134 | 346 |
| Subscriptions | 1,304 | - | 1,304 | 810 |
| Sundry expenses | - | - | - | 150 |
| Cleaning | 20 | - | 20 | 78 |
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COMMUNITY ADVICE LISBURN & CASTLEREAGH (COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL)
50 RAILWAY STREET, LISBURN, CO ANTRIM, BT28 1XP
Notes to the Financial Statements for
the year ended 31 March 2024
| 4 Total resources expended (continued) Other direct costs include:- Trustees' remuneration Auditor's remuneration (including expenses):- Independent Examiner's fee Accountancy services |
2024 2023 £ £ - - 750 735 930 915 199,606 88,132 215,762 |
|---|---|
The Trustees / Directors neither received nor waived any emoluments during the year (2023: £Nil).
| 5 Staff costs 2024 £ Wages and salaries 221,353 Social security costs 13,771 Pension costs 6,657 The average number employed by the company (including part-time employees) within each category of persons was:- 241,781 No of Employees:- 2024 Administrative / Advisory staff 8 Management staff 1 9 |
2023 £ 164,804 8,581 2,472 175,857 2023 9 1 |
|---|---|
| 10 |
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COMMUNITY ADVICE LISBURN & CASTLEREAGH
(COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL)
50 RAILWAY STREET, LISBURN, CO ANTRIM, BT28 1XP
Notes to the Financial Statements for
the year ended 31 March 2024
| 6 Creditors: amounts falling due within one year Trade creditors and accruals 7 Operational reserve At 1 April 2023 Movement during the year At 31 March 2024 3,511 |
The company has 2,100 |
2024 £ 2024 £ 50,000 - 50,000 |
2023 £ 2023 £ 40,000 10,000 50,000 |
|---|---|---|---|
put in place an operational reserve of £50,000 (a further £10,000 transferred during the financial year on 28 March 2023) to be made available at the discretion of the Trustees / Directors in furtherance of the objects of the charity and settle any redundancy payments should they arise.
8 Limited company
The liability of members is limited under the terms of the Company’s Memorandum. Every member of the Company undertakes to contribute such amount as may be required, not exceeding £1 to the company’s assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member towards the winding up.
9 Contract Bond
A Contract Bond was opened on 11th June 2008 by Martin Busch Esq (the "Bureau" Chairman) and Wesley Doak Esq (the then "Bureau" Treasurer) to permit the bank to pay out salaries up to £20,000.
- 10 Provisions Available for Small Entities (PASE)
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COMMUNITY ADVICE LISBURN & CASTLEREAGH
(COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL)
50 RAILWAY STREET, LISBURN, CO ANTRIM, BT28 1XP
Notes to the Financial Statements for
the year ended 31 March 2024
In common with many other companies of our size and nature we use our auditors to assist with the preparation of the financial statements.
- 11 Related Party Transactions
During the year ended 31 March 2024, the company no related party transactions that had a material effect on our business, financial position, or results in the reporting period.
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