CLOUGHIVIILLS COMMUNITY ASSOCIA TION REPORT AND FIYL ANCIAI. STATEIIIENTS FOR THE YEAR ENDED 31st DECEMBER 2023
CLOUGHMILLS COMMUNITY ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31st DECEMBER 2023 Reference and administrative details Charity name Cloughmills Community Association Registration bi)dy The Charity Commission of Northern Ireland Charity registration number 106443 Correspondence address Cloughmills Community Association CIO Angela Dowds 46 Bridge Road Dunloy Flal I,,,mena B-. 44 9EA Trustees Mrs Angela Dowds Mrs Donna Magill Mr Donal Martin Mrs Maura Morrison Mrs Phyllis Mc Cann Mr Paul Mc Comiac Mrs Carmel Mc Guckian Mr John Mc Guckian Mrs Eileen O, Toole Mr David Robinson MBE Mrs Orla Smyth Objectives and activities The principal aetivities of the charitv are I'elief of poverty, enhancement of education and promotion of facilities in the interest of social welfare for recreation and leisure. The objective is to improve conditions of life for all inhabitants of Cloughmills (Co. Antrim) and its surrciunding areas. The charity aims to iArovide community hall facilities for all members of the community to develop and maintain the strong, vibrant commuiiity spirit in the village and surrounding area.
CLOUGHMILLS COMMUNITY ASSOCIATIOIN TRUSTEES, REPORT (conlinuecl) Achievements and performance The hall is used by a wide variety of people including community groups. These users pay a modest fee and this income, together with that from fundraising and social events provides funds for the mair)tenance for the building. Financial review In the year to 31 st December 2023, income totalled £17,473 and expenses, £16,618 resulting in a net surplus for the year of £855. At the year end the net assets of the Association were £2,789. The Association aims to retain a small surplus each year to ensure that any wider charitable purpose can be funded from reserves. Structure? governance and management The Association maintains a constitutional document which was updated and approved by the members in 2017. It describes the purpose and the public beiiefit objectives of the Association. TTrie detail can all bc found on The Charity Commission of Northem Ireland's website. The appointment of Trustees is govemed by the constitution. Applications to become a trustee require majority approval from the existing Trustees and the Association's members. Exemptions from disclosure The Association is not availing of any disclosure exemptions. Funds held as eustodian trustee on behalf of others The Association does not hold any funds as a custodian trustee. Approved by the Association and signed on its behalf Mrs Angela Dowds Trustee 2" September 2024
CLOUGHMILLS COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31stDEC'EMBER 2023 2023 2022 Income Hall rental Grants Fundraising income 6,717 6,021 4,735 9,890 6,215 7,982 17,473 24,087 Expenses Insurance Utility expenses Building maintenance General expenses Bank charges Depreciation Donatioii 8,590 2,230 3,937 90 1,771 1,400 5,007 10,331 1,023 140 1,768 4,940 Net surplus /{deficit) for rhe year 16,618 24,609 855 (522) Reconciliation of funds Total funds as at I stjanuary 2023 Net iiicome for the year 1,934 855 Total funds as at 31st December 2023 2,456 (522) 2,789 1,934
CLOUGHMILLS COMMUNITY ASSOCIATION BALANCE SHEET AS AT31st DECEMBER 2023 (Charity No. 106443) 2023 2022 Fixed assets Current assets Other debtors Cash at bank and on hand 1,771 144 29,024 32 26,619 29,168 26,651 Current liabilities Accruals 26,379 26,488 26,379 26,488 Net current assets Total assets 2,789 163 2,789 1,934 Represented by Unrestricted funds Total charity funds 2,789 1,934 2,789 1,934 Approved by tlie Trustees on 2, Septeinber 2024 and signed on its behalf.. Mrs Angela Dowds Trustee mq Q/LISQ& Mrs Maura Morrison Trustee
CLOUGHMILLS COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31stDECEMBER 2023 CharRty Information The Charity is an unincorporated body registered with the Charity Commission for Northern Ireland. All of the Charity's activities are carried out Ihroughout Northem Ireland. The correspondence address is 47 Bridge Road, Dunloy, Ballymena, BT44 9EA. PriDcipJe accounting policies Basis of preparation These fInancial statements are prepared in accordance with The Charities Statement of Recommend Practise under Financial Standing l 02. Income Income represenls all income received from hall rental, fund raising activities and function income. Expenditure Fxpenditure is ordinarily recognised at the time of incurring the expense. Liabilities and the related expenditure are also recognised in circumstances in ivhich the charity has a measurable present or legal obligation as a resLtIt of the past event, and it is probable that a transfer of economic benefits will be I'equired for settlement. Tangible assets The tangible assets of the charit), comprise of plant and equipment which is depreciated at a rate calculated to reduce it to residual value at the end of its expected nonnal life on a straiglit-line basis at a rate of 20 % per annum. Funds Unrestricted funds are spent or applied at the discretion of the trustees to I'urther any of the charity's purposes and may be used to supplement expenditure made from restricted funds. Trustees may, on occasion, choose to set aside a part of the unrestricted funds tLi bL used for a particular future project or commitment. Where such circumstances arise, these funds are separately dikjclosed as designated funds on the balc1nce sheet. The charity does iiot hold any restricted funds.
CLOUGHMILLS COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31stDECEMBER 2023 (cont'd) FRxed assets Equipment Total Cost At 1st January 2023 At 3 1st December 2023 8,843 8,843 8,843 8,843 Depreciation At I st January 2023 Depreciation At 31st December 2023 7,072 1,771 8,843 7,072 1,771 8,843 Net book value At 31stDecember 2023 At 31 st December 2022 1,771 1,771
CLOUGHMILLS COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLOUGHMILLS COMMUNITY ASSOCIATION I report on the accounts for the year eni4ed 31 st December 2023, which are set out on pages 3 to 6. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my Sponsibl1 ity to: exainine the accounts under section 65 of the Charities Act. follow the procedures laid down in the general Directiorib given by the Commission under section 65(9)(b) of the Charities Act. state whether particular matters have come to my attentlOTI. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Dii'er.tions given by the Charity Commission for Northern Ireland under section 65(9)(b} of the Charities Act. My examination included a review ot" the accounting records kept by the charity and a comparison of the accounts presented with those records. It also incliided consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Charities Act. That the accounts do not accord with those accounting records. That the accounts do not comply with the accounting requirements of the Charities Act. That there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect ofthe matters ( l ) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Sean Mcllhatton Meinber of the Institute of Chartered Accountants in Ireland Stevenson and Wilson 22-30 Broadway Avenue Ballymena 2nd September 2024