Company Registration No: N1027616 Company Charity No: 106585 CARNLOUGH COMMUNITY DEVELOPMENTGROUP LTD Company limited by guarantee DireGtors' report and flnanclal ststements For the year ended 31 March 2024 Carnlough Communlty Development Group Ltd Company Ilmlted by guarantee For th8 vear ended 31 March 2024 Contents Page Trustees Report Independent Examiners Reportto the Trustees of Carnlough Community D8velopmentGroup Ltd on the Unaudited financial statements Statement of FinancialActivities Balance Sheet Notes to the Financial statements The fouowing do not forni part ot the financial ststements Detailed income and expenditure account 4-5 9-10 12 Carnlough Community Development Group Ltd Company limited by guarantee For the vear ended 31 March 2024 Company Information Mrs Patrlcla Mcconneu Mr Kefth Cruttenden Ms Karen McAuiey Trustees Mrs Patrlcia Mcconnell Secretary N1027616 Company Number 106585 Charity Number 11 Harbour Road Carniou Ballymena Co Antrlm BT440EU Reglstered Office Ind8p6ndent Examiner Mrs Nlcola Marks 31 Tullygarley Road Ballymena BT44 ODQ Bankers The Co-operative Bank 1 Balloon Street Manchester M604EP Marsh Ltd Bedford House Bedford Street Belfast BT2 7DX Insurers Page 1 Carnlough Community Development Group Ltd Company limited by guarantee For the vear ended 31 March 2024 The Trustees, Report The trustees of the Gharity, presenttheir report and the financial statements forthe year ended 31 March 2024. Principal Activlties The principal activity of the charitable company continue to be that of property rental. Carnlough Community DeveiopmentGroup provides off ice. workspace and retail space to community groups and small businesses on favourable terms as well as general SUPPOrt to communty sector organisations. The Trustees are satisfied thatthe charity has achieved its objectives in the year under review. Trustees l Dlrectors The charity is governed by its Memorandum and Articles of Association. I ne I rusiees wno servea auringtneyear are as siatea Deiow: Patricia Mcconnell Keith Cruttenden Karen McAuley In accordance with the Articles of Association Trustees shall be elected by the members at an Annual General Meeting. The Trusteos have assessed major risks to which the charitable company is exposed. in particularthose related to the operations and finances. and are satisfled that systems are in place to mitigate exposure. Flnanclal Revlew Total incoming resources amounted to £9,950 (2023- £9.750) and after deductingtotal resources expended of £8.374.75 (2023 - £4.808) net incoming resources amounted to £1,575.25 (2023- 24,942). Atthe year-end unrestricted funds amounted to £6,517, there were no restricted funds. Page 2 ststement ot TrusteeslDlrectors' Responsibilities The TrusteeslDirectors are responsible for preparing the Trustees/Directors' Annual Report and the financial statements in accordance with 8pplicable taw and united Kingdom Accounting Standards (United Kingdom Generallv AcceDted AccountinA Practice). Company l8w requires the Directors to prepare financial Statements for each financial year which give a true and fair view of the charitable company and the incoming resources and application of the resources. includingthe net income or expenditure, of the charitable company forthe year. In preparingthese financial statements. theTrusteeslDirectors are required to: select suitable accounting policies and then apply them consistently: obsepie the methods and principles in the Charities SORP make judgements an(J estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed, subjectto any material departures disclosed and explained in the financial statements; prepare thefinancial statements on a going concern basis unless it is inappropriateto presume that the charitable companywill continue in operation. The TrusteeslDirectors are responsible for keeping proper accounting records which dlsclose with reasonable accuracy at anytimethefinancial position of the charitable company and which enable them to ensure thatthe financial statements complywith the Companies Act 2006. They are also responsible for safeguardingthe assets of the charitable company and hence for taking reasonaDie sieps Tor tne preveniion ana aetection OT Traua ana OEner Irreguiariiies. Small Company Provislons This report has been prepared in accordance with the special provisions for smaLI companies under Part 15 of the Companies Act 2006. This report was approved by the TrusteeslDirectors at the meeting on 1 nh July 2024 and signed on its behalf by .e, LW-tr> Mr Keith Cruttenden TrusteelDirector of Carnlough Community Development Group Ltd Mrs Patricia Mcconnell TrusteelDirector of Carnlough Communty Development Group Ltd Page 3 Carnlough Communlty Development Group Ltd Company Umited by guarantee For tho year ended 31 March 2024 Independent Examiners Report to the TrusteeslDirectors of Garn￿ugh Community Development Group Ltd I report on the accounts of the companvforthe vear ended 31 March 2024 set out on Dales 7 to 13. Respective responslbilitles of trustees and examiner As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satlsfied myself that the charity is not subject to audit under company law. and is eligible for independent examination. it Is my responsibilityto: (1} Examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008: (2} Follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under Section 65(9)(b) of the Charities Act; and (3) State whether particular matters have come to my attention. Basis of Independent examinerfs 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 directions given by the Charities ommission Tor Nortnern Ire￿n0 unaer section l>b(Y)(D) OT tne Lnariiies Aci. I ne examination included a reviewofthe accountingrecords keptbythe chartyand a comparison of the accounts presented with those records. It also includes 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: (11 The accounting records were not kept in accordance with section 386 of the Companies Act 2006 (2) That the accounts do not accord with those accounting records (3) Thatthe accounts do not complywith the accounting requirements of section 396 of the Companies Act 2006 and wtth the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to in the UK and Republic of Ireland. Page 4 (4) Thatthere is further information needed for a proper understanding of the accounts to be reached. Independent examiners statement I have completed my examination and have no concerns in respect of the matters (1) 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 your attention. Independent Examiner's Report to the TTUSteeslDirectors of Carnlough Community Development Group Ltd Nicola Marks 31 TuLLygarley Road Ballymena BT42 2HZ 10July2024 Page 5 Camlough Community Development Group Ltd Company Llmlted by Guarantee FlnanGlal Statements for the perlod 01104123- 31103124 Note Unrestrlcted Fund5 Restrlcted Funds Totsl Funds 2024 Total Funds 2023 Incoming Resources Rental Income 9,950 9.950 9.750 9.950 9,750 Total Incomlng Resources 9.950 Administration Expenses 8,375 8.375 4,808 Total Resources Expended 8,375 8.375 4,808 Net (outgolng)Ilncomlng resources for the year belng net movement In funds Funds broughtforward 3,853 4,942 4.942 1,575 1.575 Funds carrled torward All amounts relate to continued activities. Page 6 Carnlough Communlty Development Group Ltd company Llmited by Guarantee BaLince Sheet as at 31 March 2024 Notes 2024 2023 CURREKf ASSETS Cash at bank 10,370 8,795 CREDITORS Amounts falllng due wlthln one year NET CURRENT ASSETS 10.370 8.795 TOTAL ASSETS LESS CURREKf LIABILITIES 10,370 8,795 8,795 NET ASSETS 10,370 FUNDS Unrestricted Funds 8.795 10,370 TOTAL FUNDS 10,370 8,795 Page 7 Carnlough Communlty Developmont Group Ltd Company limited by guarantee For the year ended 31 March 2024 ￿8￿nce ?4heet Gontinuea: The charit8bLe company is entitled to exemption from audit under Section 257A of the Companies (Northern Ireland) order 1986 forthe year ended 31 March 2024. The members have not required the charitable company to obtain an audit of Fts financial statements for the year ended 31 March 2024 in accordance with Article 257B(2) of the Companies (Northern Ireland) order 1986. The trustees acknowledge their responsibilities for (8) Ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 ofthe Companies Act 2006 and (b) Preparingfinancial statements which give atrue and fairview of the state of effairs of the charitable companyas atthe end of eachfinancialyearand of its surplus ordeficit for each financial year in accordance with the requirements of Section 394 and 395 8nd which OthepNise comply with the requirements of the Companies Act 2006 relatingto financial statements, so far as applicable to the charitable company. Thesefinancialstatements have been prepared in accordancewiththe special provisions of Part 15 of the Companies Act 2006 r8latlng to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015). The financial statements were approved by the Board of Trustees on 1 r July 2024 and were signed on its behalf by: Mr Keith Cruttenden (frusteelDirector} Carnlouth Community Development Group Ltd Mrs Patrlcia Mcconnell (frusteelDireGtor) Carnlough Community Development Group Ltd Tho notes torm part of the financlai statements Page 8 Carnlough Communlty Development Group Ltd Company limited by guarantee For the year ended 31 March 2024 Notes to tha Financial Stat8m8nts 1. ACCOUNTING POLICIES al Basls ot preparing tne fftnancial Statements Thefinancial statements are prepared on the goingconcern basis. b) Accounting conventlon The financial Statements have been prepared under the historical Cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). the Companies Act 2006 and following the recommendations in Accounting and Reporting by Charities: Statement of Recommen(*(&Prag1i9WP 2005) issuod in March 2005. ¢) Ineomlng Resourc8S Incoming resources are included in the Statement of Financial Activities in the period in which they are receivable. d) Expenditure Expenditure is recognised in the period in which it is incurred and is allocated to expense headings on a direct basis. e) Funds The charitable company has only one type of fund forwhich it is responsible. A definition of the fund is asfollows: Unrestricted Funds Funds which are expendable atthe discretion of the directors and have been designated for specif ic purposes to further the objects of the charity. Page 9 Notes to the Financial Statements- Continued 1. INCOMING RESOURCES All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income. 2. DEBTORS 2024 2023 Trade Debtors 3. CREDITORS 2024 2023 Trade creditors 4. FUNDS R•strict8d Unrestrlcted Total Fund Fund At 1 Aprll2023 Net (outgoing)/incoming resources forthe year 4,942 4.942 At 31 March 2024 6.517 6,517 S. TRANSACTIONS WITH TRUSTEESIDIRECTORS None of the TrusteeslDirectors. or any person associated with them has received or is due to receive any renumeration for the year. either directly or indirectly from the charitable companyfunds. 6. COMPANY LIMITED BY GUARANTEE The company is registered underthe Companies Act 2006 and is a company limited by guarantee. The members of the company are the directors named on page 1. The company is also an exempt charity. Page 10 Community Development Group Ltd Company limlted by guarantee Forthe year ended 31 March 2024 The following pages do not form part of the statutory accounts Page11 Camlough Communlty Development Group Lttl Company Limited by Guarantee Detalled Income & Expendtture Account for the perlod 01104123- 31103124 2023 Rental Income 9.950 9.750 Total Incomlng Resources 9.950 9.750 Resources Expended Company House Fee Accountancy Equlpment Nl Water Maintenance & Repalrs Insurance 13 230 530 930 163 4.308 2.244 200 143 2,150 2.172 loo Donation Total Resouces Expended 8,375 4.808 NET EXPENDITURE 1,575 4.942 Page 12