Company Re¢istratlon No: N1027616 CompanyCharltyNo: 106585 CARNLOUGH COMMUNITY DEVELOPMENT GROUP LTD Company limlted by guarantee Dlrectors. report and flnanclal SL￿eMentS For th• year ended 31 MarGh 2025 Carnlough Communlty Development Group Ltd Company Umlted by guarantee Forthe year ended 31 March 2025 Contents Page Trustees Report Independent Examiners Reportto theTrustees of Carnlough Community Development Group Ltd on the Unaudited financial statements Statement of Financial Activities Balance Sheet Notes to the Financial statements 9-10 Tho followlng do not form part of the flnanGlaL statements Detailed income and expenditure account 12 Carnlough Communlty Development Group Ltd Company Ilmlted by guarantee Forthe year ended 31 March 2025 Company Informatlon Trustoes Mrs Patrlcla MGConnell Mr Kelth Cruttenden Mrs Karen McAuley (Rasigned 14110124) Mr lan Scroggy {Appolnted 14110124) Secretary Mrs Patrlcla Mcconnell Company Number N1027616 Charlty Number 106585 Regl8terod Office 11 Harbour Road Carnlough Ballymena Co Antrlm BT44 OEU Independent Examlner Mrs Nlcola Marks 7 Woodcroft Brao Ballymena BT42 1 FY Bankers Tha Co-operatlve Bank 1 Balloon Street Manchester M60 4EP In8urer• Marsh Ltd Bedford Houso B8dford Street Belfast BT2 7DX Pago 1 Carnlough Communlty Development Group Ltd Company Ilmltod by guarantoe For the year ended 31 March 2025 Tho Trust8e8' Report The trustees of the charity. present their report and the financial statements for the year ended 31 March 2025. PrlnGlpal AGtlvltle3 The principal activity of the charitable company continue to be that of property rental. Carnlough Cornmunity Development Group provides office, workspace and retail space to community groups and small businesses on favourable terms as well as general supportto community sector organisations. TheTrustees are satisfied thatthe charity has achieved its objectives in the yaar under review. Trustees l Dlrector8 The charity is governed by its Memorandum and Articles ofAssociation. TheTrustees who served during the year are as stated below: Patricia Mcconnell Keith Cruttenden Karen McAuley In accordance with the Articles of Association Trustees shall be elected bythe members at an Annual General Meeting. The Trustees have assessed major risks to which the charitable company is exposed, in particular those related to the operations and finances, and are satisfied that systems are in placo to mitigate exposure. Flnanclal Revlew Total incoming resources amounted to £8,600 (2024- £9,950) and after deducting total resources expended of £18.600.3712024- £8,374.75) net incoming resources amounted to (£10,000.37) {2024- £1,575.25). At the year-end unrestricted funds amounted to (£3,483). there wère no restricted funds. Page 2 Statement of TrustoeslDlrectors' ResponslblUti08 The TrusteeslDirectors are responsible for preparing the TrusteeslDirectors' Annual Report and the financial statements in accordance with appLicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Directors to prepare financial statements for each financial year which give 8 true 8nd fair view of the charitabLe company and the incoming resources and application of the resources. includingthe net income or expenditure, of the charitable company for the year. In preparingthese financial statements, theTrusteeslDirectors are required to: select suitable accounting policies and then applythem consistently: obseNe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent; statewhether applicable UK Accountingstandards have been followed, subjectto any material departures disclosed and explained in the financial statements; prepare the financial statements on a going concern basis unless it is inappropriateto presume that the charitable company will continue in operation. The TrusteeslDirectors are responsible for keeping proper accounting records which disclose with reasonable accuracyat any time the financial position of the charitable company and which enable them to ensure that the financial statements complywith the Companies Act 2006. They are also responsible for safeguardingthe assets of the charitable company and hence for taking reasonable steps for the pr8vention and detection of fraud and other irreguLarities. Small Company Provlslons 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 01 August 2025 and signed on its behalf by Mr Keith Cruttenden TrusteelDirector of Carnlough Community Development Group Ltd Mrs Patricia Mcconnell Trustee/Director of Carnlough Community Development Group Ltd Page 3 Carnlough Communlty Devalopment Group Ltd Company Umlted by guarantee Forthe year ended 31 Mareh 2025 Independent Examlners Report to th• Trustè8slDlr8etors of Carnlough Community Dev•iopm8nt Group Ltd I report on the accounts of the company for the year ended 31 March 2025 set out on pages 7 to 13. Respectlve responslbllltles of truste88 and oxamlner As the charitytrustees (and also the directors of the companyfor 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 satisfied myself that the charity is not subject to audit under company law. and is eligible for independent èxamination, it is my responsibility to: (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 Northern IreLand under Section 65(9)(b) of the Charities Act: and (31 State whether particular matters have come to my attention. 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 directions given by the Charities Commission for Northern Ireland under section 65(9}(b) of the Charities Act. The examination included a reviewof tho accountingrecords kept bythe charityand 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 m8teri81 matters have come to my attention giving me cause to beLieve: (1) The accounting records were not kept in accordance with section 386 of the Companies Act 2006 12) That the accounts do not accord with those accounting records 13) That the accounts do not complywith the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard app￿.¢able to in the UK and Republic of Ireland. Page 4 (4) That there is further information needed for a proper understanding of the accounts to be reached. Independent examlners 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 commisslon Tor Northern Ireland. I have found no matters that require your attention. Independent Examiner's Report to the TrusteeslDirectors of Carnlough Community Development Group Ltd NicoLa Marks 7 Woodcroft Brae Ballymena BT42 1 FY 29th July 2025 Page 5 Carnlough Communlty Development Group Ltd Company Llmlted by Guarantee Flnanclal Statements forthe period OIIOd124- 31103125 Note Unrestrlcted Funds Restrlcted Fund5 Total Funds 2025 Total Funds 2024 Incoming Resources Rentallncome 8,600 8,600 9,950 Total Incomlng Resources 8.600 8,600 9,950 Administration Expenses 18.600 18.600 8.375 Total Resource5 Expended 18,600 18,600 8,375 Net loutgolng)Ilncomlng rex)urces forthe yearbelng net movement In funds Funds broughtfor￿ard 6,517 (10,000) 6,517 (10.000) 4,942 1,575 Funds carrled forward All amounts relate to continued actlvltles. Page 6 Carnlough Communlty Development Group Ltd Company Llmlted by Guarantee Balance Sheet as at 31 March 2025 Notes 2025 2024 CURRENT ASSETS Cash at bank 370 10,370 CREDITORS Amountstalllng due wlthln oneyear NET CURRENf ASSErs 370 10,370 TOTAL ASSETS LESS CURRENT LIABILMES 370 10,370 NEf ASSETS 370 10,370 FUNDS Unrestricted Funds 370 10.370 TOTAL FUNDS 370 10,370 Page 7 Carnlough Communlty Development Group Ltd Company Ilmlted by guarantee Forthe year ended 31 March 2025 B818neo Shoet Contlnued: The charitable company is entitled to exemption from audit under Section 257A of the Companies (Northern Ireland) order 1986fortheyear ended 31 March 2025. The members have not required the charitable company to obtain an audit of its fin8nciaL statements for the year ended 31 March 2025 in accordance with Article 257B(2) of the Companies (Northern Ireland) order 1986. The trustees acknowledge their responsibilities for (al Ensuring that the charitable company keeps accounting records that comply With Section 386 and 387 of the Companies Act 2006 and (b) Preparingfinancial statements which give a true and fair view of the state of affairs of the charitable companyas atthe end of eachfinanciaLyearand of itssurplus ordeficit for each financial year in accordance with the requirements of Section 394 and 395 and which othe￿iSe 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 accordancewith the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financi8l Reporting standard for Smaller Entities (effective January2015). The financi81 st8téménts were approved by the Board of Trustees on 01 August 2025 and wére signed on its behalf by: Mr Kelth Cruttenden (Tru8t••/Dlroetor) Carnlough Communlty Development Group Ltd Mr8 Patrlcla McConnolL (frusteelDlroctor) Carnlough Community Development Group Ltd The notes form part of the flnanGlal statement8 Page 8 Carnlough Communlty Development Group Ltd Cornpany Ilmlted by guarantee Forthe year ended 31 March 2025 Not8S to the Flnanclal Statem¢nt3 1. ACCOUNTING POLICIES a) Bas18 ol preparlngtha flnanclal statemonts The financial statements are prepared on the going concern basis. b) Accountlng 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 Recommended Practice (SORP 2005} issued in March 2005. ¢) Incomlng Rosourcos Incoming resources are included in the Statement of Financial Activities in the period in which they are receiv8ble. d) Expendlture 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 as follows: Unr88trlctad Funds Funds which are expendable at the discretlon of the directors and have been designated for specific purposes to furtherthe objects of the charity. Pago 9 Not•8 to the FlnanclaLStatements- Contlnued 1. INCOMING RESOURCES ALI incoming resources are included on the Statement of Fin8nclal Aciivitles when the charity is legalLy entitLed to the income. 2. DEBTORS 2025 2024 Trade Debtors 3. CREDtTORS 2025 2024 Trade creditors 4. FUNDS Restricted Unrestrlctod Total Fund Fund At 1 Aprll 2024 Net (outgoing}lincoming resources for the year 6,517 6,517 000) ￿0 At 31 March 2025 {3.483) (3,483) 5. 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 charit8ble companyfunds. 6. COMPANY LIMITED BYGUARANTEE The company is registered under the Companies Act 2006 and is a company limited by guarantee. The members of the company are the directors named on p8ge 1. The company is also an exempt charity. Page10 Communlty Doveiopment Group Ltd Company Ilmlted by guaranteè For the year endod 31 March 2025 The followlng pages do not form part of the statutory account3 Paga11 Camlough Communlty Development Group Ltd Company Llmlted by Guarantee Detalled Income & Expendlture Account tor the perfod 01104124- 31103125 2025 2024 Rental Income 8,600 9,950 Total Incomlng Resources 8.600 9.950 Resources Expended Company House Fee Accountancy Equipment Nl Water Maintenance & Repairs Insurance Donation 530 250 930 171 13,949 163 4.308 2.244 200 300 Total ResouGes Expended 18.600 8.375 NEf EXPENDtruRE iio.000) 1,575 Page 12