Compary Rrflstratlon No: N1027616 Company Charfty No: 106585 CARNLOUGH COMMUNITY DEVELOPMENT GROUP LTD Cofflpany Mmlted by 8uarartee Dlr•rtorf r•port and flnandal statements For the y•ar ended 31 March 2023 Camlou8h Communlty Developmert Gr(wp Ltd Company Ilmlted by 8uarantse For the year ended 31 March 2023 Contsnts Trustees Report Independent Examlners Report to the Trustees of Carnlough Community Development Group Ltd on the Unaudited financial statements 4-5 Statement of Flnanclal ArtfvStles Balance Sheet 7-8 Notes to the Financlal statements 9-10 Th• followlni do not fomi part of th• flnandal statements Detalled Income and experKllture account 12 Carnlough Communlty Development Group Ltd Company Ilmlted by guarantee For the year ended 31 March 2023 Mrs Patrkla Mcconnell Mr Kelth Cruttenden Ms Karen McAuley Mrs Patrkla M¢Connell Company Numb•r N1027616 Charfty Numb•r Re8lstered ¢)fflc• 11 Harbour Road Carnloush Ballym•n• 8T44 OEU lthpendent Examln•r Mrs Nkola Marks 42 Carnalbanagh Road Gl•narni BT44 ODQ Bankers The Ctroperdtlve Bank l Balloon Street Manchester M60 4EP Insurer5 Marsh Ltd BT2 7DX Camlough Communlty Developmert Group Ltd Company Ilmlted by Buarantee For the year ended 31 Marth 2023 The Trustee￿ Report The trustees of the charity, present their report and the financial statements for the year ended 31 March 2023. Prlnclpal Artlvltles The prlncipal activlty of the charftsble company contlnue to be that of property rentsi. Carnlough Communlty Development Group provldes office, workspace and retail space to community 8roups and small buslnesses on favourable tenns as well as general support to community 5ertor or8anlsatlons. The Trustees are satlsfied that the charfty has achleved its objectives in the year under revlew. Trustees l Dlrectors The charity is 8overned by Its Memorandum and Artlcles of Assoclatlon. The Trustees who served durfn8 the year are as stated below: Patrlcia Mcconnell Kelth Cruttenden Karen McAuley In accordance wlth the Artkles of Assoclation Trustees shall be elected by the members at an Annual General Meetln8. The Trustees have assessed Major risks to whkh the charitable company Is exposed. In partlcular those related to the operatlons and tlnances. and are satSsfied that Systems are In place to mitigate exposure. Flnanclal Revlew Total incoming resources amounted to £9.750 (2022 - £8,550) and after deducting totsl resources expended of £4,808 {2022 - £6,538) net Incomlng resources amounted to £4.942 (2022- {£2,012)). At the year-end unrestrirted funds amounted to £8,795. there We￿ no restricted funds. Pa8e 2 Statement of Trustees/Dlrectorf ReSPo￿lbIlItIeS The TrusteeslDirectors are responslble for preparing the Trustees/Directors' Annual Report and the financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accountin8 Practice). Company law requires the Directors to prepare financial statements for each financial year whlch gNe a true and fair view of the charitable company and the Incoming resources and application of the resources, including the net Income or expenditure, of the charitable company for the year. In preparlng these financial statements, the Trustees/Directors are required to: select suitsble accountln8 policies and then apply them consistently; observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent; stste whether applicable UK Accounting Stsndards have been followed, subject to any materlal departures disclosed and explalned in the financial statements; prepare the financlal statements on a going cOn￿rn basis unless It Is Inapproprlate to presume that the charitsble compary will continue in operation. The TrusteeslDlrertors are responslble for keepln8 proper accountlng records whlch dlsclose wlth reasonable accuracy at any time the flnancial position of the charitsble company and which enable them to ensure that the financlal statements compty wlth the Companies Act 21X)6. They are also responslble for safe8uardlng the assets of the charitable company and hence for tsking reasonable steps for the preventlon and detection of fraud and other irregularities. Small Comparry Provlslons This report has been prepared In accordance with the speclal provlsk•ns for small companles under Part 15 of the Companies Act 2(￿. Thls report was approved by the Trustees/Dlrectors at the meetln8 on 26th June 2023 and signed on Its behalf by Mr Keith Cruttenden Trustee/Director of Carnlo￿h Community Development Group Ltd Mrs Patrlcia Mcconnell Trustee/Director of Carnlough Community Development Group Ltd Page 3 Camlou8h Comnwnlty Development Group Ltd Company Ilmlted by 8uarantse For the year ended 31 Marth 2023 Independent Examlners Rem to the T￿￿￿/DIrectorS of carn￿1h Communlty Development Group Ltd I report on the accounts of the company for the year ended 31 March 2023 set out on pages 7 to 13. Respectfve responslbllltles of tntstees and examlner As the charity trustees (and also the dlrertors of the company for the purposes of company law) you are responslble for the preparation of the accounts in accordan￿ wlth the requlrements of the Companles Act 2¢J)6. Havln8 satlsfied myself that the charity Is not subject to audlt under company law, and Is eligible for Independent exarn5nat￿n, it Is my responslblllty to: (l) Examine the accounts under section 65 of the Charlties Art {Northern Ireland) 2008; 12) Follow the procedures lald down In the 8eneral Dlrectlons glven by the Charlty Commisslon for Northem Ireland under Sectlon 65(9)(b) of the Charltoes Act; and 13) stste whether partlcular matters have come to my attentlon. 8asls of Independent examlnerfs report I have examlned your charlty accounts as requlred under sectlon 65 of the Charfties Act and my examlnatlon was carrled out In accordance wlth the 8eneral dlrectlons glven by the Charitles Commlsslon for Northern Ireland under sectlon 65(9Mb) of the Charltles Act. The examlnatlon Included revlew of the account5n8 records kept ty the charlty and a comparfson of the accounts presented wlth those records. It also Includes consideration of any unusual ttems or disclosures In the accounts and seeklng explanatlons from you as char5ty trustees concernln8 any such matters. My role is to state whether any materfal matters have come to my attention 8lvin8 me cause to believe: {1) The accountln8 records were not kept In accordance with section 386 of the Companies Act 2006 {2) That the accounts do not accord wlth those accounting records (3) That the accounts do not compty with the accounting requirements of section 396 of the Companles Act 2(X)6 and wlth the methods and prlnclples of the Charities Statement of Recommended Pract6ce applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard appllcable to in the UK and Republic of Ireland. {4) That there is fvrther information needed for a proper understanding of the accounts to be reached. Independent examlners statement I have completed my examination and have no concems in respect of the matters (l) to (4) Ilsted above and in connection with following the directions of the Charlty Commission for Northern Ireland, I have found no matters that require your attention. Independent Examinerfs Report to the Trustees/Directors of Carnlough Community Development Group Ltd Nicola Marks 42 Carnalbanagh Road Glenarni BT44 ODQ 26 June 2023 Camlough Communlty Development Group Ltd Company Llmlted by Guararrtee Anandal Statsments for the perlod 01104122 - 31103123 UnreStrIrt￿ Re5tr1rted Total Funds Funds Funds 2023 Totsi Funds 2022 Incomln Resources Rental Income 9,750 9.750 8,550 Totsi In¢omln8 R•sources 9.750 9,750 8,550 Resources Ex nde Admlnlstratlon Expenses 6,538 Total Resour￿$ Expended 6,538 Net (outgolng)/lncomlng resources for the year b•lnz net movwrnnt In funds Funds brought forward 3,853 4.942 3.853 4,942 1,841 2,012 Funds carrled forward All amounts relate to continued actfvities. Carnlwh Communlty Development Group Ltd Company Limited by Guarantee Balance Sheet as at 31 March 2023 Notes 2023 2022 CURRENT ASSETS Cash at bank 8,795 3,853 CREDITORS Amounts fallln8 due wlthln one year NEf CURRENT ASSETS 8.795 3,853 TOTAL ASSETS LESS CURRENT UABIUTIES 8.795 3.853 NEf ASSErs 8,795 3,853 FUNDS Un￿$t￿cted Funds 8,795 3,853 TOTAL FUNDS 8,795 3,853 Page 7 Carnlou8h Communlty Developmert Group Ltd Company Ilmlted ￿ 8uarant•e For the year ended 31 March 2023 Balance Sheet Contlnued: The charitable company is entitled to exemptbn from audit under Section 257A of the Companies {Northern Ireland) order 1986 for the year ended 31 March 2023. The members have not requlred the charitable company to obtaln an audlt of its financlal statements for the year ended 31 March 2023 in accordan￿ with Article 257B(2) of the Companies (Northern Ireland) order 1986. The trustees acknowledge their responsibiltties for (a) Ensurin8 that the char5tsble company keeps accountln8 records that comply wlth Sectlon 386 and 387 of the Companles Act 2¢￿ and {b) Preparing financial statements which glve a true and falr view of the stste of affalrs of the charltable company as at the end of each financial year and of Its surplus or deflcit for each financial year In accordance with the requirements of Sectfon 394 and 395 and which othenNlse comply wlth the requlrements of the Companles Act 21JJ6 relatln8 to flnanclal statements, so far as app15cable to the charltsble company. These flnanclal statements have been prepared In accordance wlth the speclal provlslons of Part 15 of the Companles Act 2￿6 relatlng to small charltsble companies and wlth the Financlal Reporting Standard for Smaller Ent6t6es (effective January 2015). The flnanclal statements were approved by the Board of Trustees on 12th June 2023 and were signed on ft5 behalf by: Mr Ketth Cruttenden (Trust•elDlrertor) Carnlou8h Communlty Dmlopment Grnup Ltd Mrs Patrlcla Mcconnell (Trust•e/Dlrector Carnlough Communlty Development Group Ltd The notes forni part of the flnandal statements CarnI￿gh Communlty Developn*rt Group Ltd Company Ilnffted by 8uarnntee For the year ended 31 March 2023 Notes to the Flnanclal Statements l. AccouKllNG pouaES a) Basls of preprfrl the flnanclal statements The financial ststements are prepared on 80ing concern basis. b) Accountlng conventlon The financial statements have been p￿pared underthe historical cost conventlon and In accordance with the Financlal Reporting Standard for Smaller Entltles (effective AprOI 2(XJ8), the Companles Act 2CK16 and followlng the recommendations In Accounting and Reportlng by Charities: Statement of Recommended Practice {SORP 2(X15) issued in March 2(X)5. ¢1 In¢omlng Resourtes Incomin8 resources are Included Sn the Ststement of Flnanclal Act6vltles In the perlod In which they are receivable. d) Expendltur• Expenditure Is reco8nlsed In the perlod In whkh It Is Incurred arKI Is allocated to expense headings on a dlrect basls. •) Funds The charftable company has onty one type of fund for whlch It Is responslble. A definltlon of the furKI is as follows: Funds which are expendable at the dlscretlon of the directors and have been designated for specific purposes to further the objects of the charlty. Notes to the financlal Statements. Contlnued I. INCOMING RESOURCES All Incoming resources are included on the Ststement of Financial Activities when the charity is legalty entltled to the income. 2. DEBTORS 2019 2018 Trade Debtors 3. CREDITORS 2019 2018 Trade credltors FUNDS Fund Fund At l Aprll 2022 Net (out8oln8)/lncomln8 resources for the year 3.853 3￿53 At 31 March 2023 8,795 5. TRANSAcn014S WITh TRUSTEES/DIREcfoRS None of the Trustees/Dlrectors. orany person associated with them has received or Is due to recelve any renumeration for the year, elther directly or Indlrectly from the charitable company fvnds. 6. COMPANY UMITED BY GUARANTEE The company ts re8iStered under Companies Act 2(K)6 and is a company limlted by 8uarantee. The members of the company are the directors named on pa8e l. The company is also an exempt charity. Pwlo Communlty Development Group Ltd Company Ilmlted by guarantee For the year ended 31 March 2023 The followlng pages do not forni part of the statutory accounts Page li Carnlough Community Development Gn>up Ltd Company Llmlted by Guarantee Detailed Income & Expendlture A£￿￿nt for the Perk￿ 01104122- 3V03123 2023 2022 In oml Resou Rental Income 9,750 8,550 Total Incomlng Resources 9,750 8.550 Resources Expended Company House Fee Accountancy Loan Repayment Nl Water Malntsnance & Repalrs Insurance Donatlon 13 230 13 450 3,991 143 2.150 2,172 100 Totsl Resouces Expended 6,538 NET EXPENDITURE 4.942 2,012