Company registration number: N1021360 Charity Number: NIC106707 Frlends of Ardavon Company Ilmlted by guarantee Unaudlted flnanclal statements 31 March 2023
Friends of Ardavon Company limited by guarantee Contents Page Directors and other information Directors report Independant examiner's report statement of comprehensive income Statement of financial position Notes to the financial ststements
Friends of Ardavon Company limited by guarantee Directors and other information Dlrectors Elizabeth Mccorkell Seanna Lynch Jacinta O, Kane Mary Bell Jacqueline Garnon Secretary Elizabeth Mccorkell Company number N1021360 Charlty number NIC106707 Registered offlco 21 Greenhaw Road Derry BT48 7RZ Accountants McGroarty Mccafferty & Company Ltd 2 Carlisle Terrace Derry BT48 6JX Bankers AIB (NI) Meadowbank Strand Road Derry BT48 7TN Page 1
Friends of Ardavon Company limited by guarantee Directors report Year ended 31 March 2023 The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2023. Dlrectors The directors who served the company during the year were as follows: Elizabeth Mccorkell Seanna Lynch Jacinta O, Kane Mary Bell Jacqueline Garnon Other matters Ardavon Trust changed their name to Frlends of Ardavon on the 28th April 2017. Small company provlslon8 This report has been prepared in accordance wlth the provisions appllcable to companies entitled to the small companies exemption. This report wa5 approved by the board of directors on 30 June 2023 and signed on behalf of the board by.. Ellzabeth Mccorkell Director Page 2
Friends of Ardavon Company limited by guarantee Independent examiner's report on the unaudited flnancial statements to the directors of Friends of Ardavon We report on the accounts of the company for the year ended 31 March 2023, which are set out on pages 4 to Respectlve responslbllities of charity dlrectors and examiner; As the charity directors you are responsible for the pr8paration of the accounts In accordance with the requirements of the Companles Act 2006. Having satisfied ourselves that the charity Is not subject to audit under company law, and is eligible for Independent examination, It Is our responsibility to; examlne the accounts under section 65 of th8 Charities Act 2008; follow the procedures laid down in the general directions given by the Charity Commlssion for Northern Ireland under section 65(9){b) of the Charities Act 2008. stat8 whether particular matters hav8 come to our attention. Basi8 of Independent examinerfs report We have examlned your charity ac¢ounts as required under section 65 of the Charities Act and our examination was carried out in accordance wlth the general directlons given by the Charlty Commission for Northern Ireland under Section 65{9)(b} of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included a consideratlon of any unusual items or disclosures in the accounts, and seeking explanations from you as charlty directors concerning any such matters. Our role Is to state whether any materlal matters have come to our attention givlng us cause to believe.. that accounting records were not kept in accordance wlth section 386 of the Companies Act 2006; that the accounts do not accord with those accounting records; that the accounts do not comply with the acoounting requirements of the Sectlon 396 of the Companles Act 2006 and the methods and principles of the Charitles Statement of Recommended Practice appllcable to charities preparing thelr accounts in accordance with the FinanGial Reportlng Standard applicable In the UK and Republic of Ireland., that there is further information needed for proper understanding. Independent examiner's statement We have completed our examination and have no concerns in respect of the matters listed above and, in connectlon with following the directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attentlon. On bohalf of: McGroarty Mccafferty & Company Ltd Accountants & tax Consultants 2 Carlisle Terrace Derry B T48 6JX Date: 23 October 2023 Page 3
Friends of Ardavon Company limited by guarantee statement of comprehensive income Year ended 31 March 2023 2023 2022 Note Turnover Cost of sales Administrative expenses (7,875) (7,875) {8,113> Operating1088 (8,113) other interest receivable and slmllar income Loss before taxation 2,388 (5,487) 95 (8,018) Tax on loss Loss for the financial year and total comprahenslve InGome (5,487) (8,018) All the activities of the company are from continuing operations. The notes on pages 7 to 8 form part of these financial statements. Page 4
Friends of Ardavon Company limited by guarantee Statement of financial position 31 March 2023 2023 2022 Note Flxed assets Tangible assets 2,544 2,993 2,544 2,993 Current assets Cash at bank and in h8nd 171,407 176,445 171,407 176,445 Credltors: amounts falllng due wlthln one year (620) (620) Not curront assets 170,787 175,825 Total assetsloss current Ilabllltles 173,331 178,818 Net assats 173.331 178,818 Capital and reservas Profit and loss account 173.331 178,818 Membors fund8 173,331 178,818 For the year ending 31 March 2023 the company was entitled to exemption from audit under sectlon 477 of the Companies Act 2006 relating to small companies. Dlrectors responsibilit188'. Th8 members have not requlred the company to obtain an audit of its financial ststements for the year in question in accordance with section 476; Th8 dlrectors acknowledge thelr responsibilities for complying with the requirements of the Act with respect to accounting records and the preparatlon of financlal statements. These financial statements have been prepared in accordance with the provlsions applicable to companies subject to the small companies, regime and in accordance wlth Section 1A of FRS 102 'The Financial Reportlng Standard appllcable In the UK and Republic of Ireland,. The notes on pages 7 to 8 form part of these financial statements. Page 5
Friends of Ardavon Company limited by guarantee statement of financial position {continued) 31 March 2023 These financial statements were approved by the board of directors and authorised for issue on 30 Jun8 2023, and are signed on behalf of the board by.. Mary Bell Director Jacquellne Garnon Director Company registration number: N1021360 The notes on pages 7 to 9 form part of these financial statements. Page 6
Friends of Ardavon Company limited by guarantee Notes to the financial statements Year ended 31 March 2023 General Information The charity is a private company limited by guarantee, registered In Northern Ireland. The address of the registered office is 21 Greenhaw Road, Derry, BT48 7RZ. statement of compliance These financlal statements have been prepared In compliance with the provlslons of FRS 102, Sectlon 1A, 'The Flnanclal R8POrting Standard applicable In the UK and Republic of Ireland,. Accountlng pollcles Basis of preparatlon The financial ststements have been prepared on the hlstorical cost basis, as modified by the revaluation of certain financial assets and Ilabllit18s and investment propertles measured at fair value through profit or loss. The financial statements are prepared in sterling, which Is thè functional currency of the charity. Tangible assets Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and Impalrment losses. Any tangible assets carried at revalued amounts are recorded at the falr value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairm8nt losses. An increase In the Carrying amount of an asset as a result of a revaluation, Is recognised in other comprehensive income and accumulated In capital and reserves. except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease In the carrying amount of an asset as a result of revaluatlon Is recognised in other compreh8nslve income to the extent of any previously recognised revaluatlon increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation galns accumulated in capital and reserves In r8spect of that asset, the excess shall be recognised in profit or loss. Depreclatlon Depreciation is calculated so as to wrlte off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fittings fixtures and equipment Motor vehicles 150/0 200 reducing balance straight line If there is an indication that there has been a significant change In depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to r6flect the new estimates. Llmited by guarantee This company is limited by guarantee, in the event of the company being wound up, each agrees to pay £1. Page 7
Friends of Ardavon Company limited by guarantee Notes to the financial statements (continued) Year ended 31 March 2023 Loss before taxatlon Loss before taxation is stated after ¢hargingl(crediting): 2023 2022 Depreciation of tangible assets 449 528 Tanglble assets Fixtures, fittings and equipment Motor vehicles Total Cost At 1 April 2022 and 31 March 2023 Depreciation At 1 April 2022 Charge for the year 45,031 31,775 76,808 42,038 449 31,775 73.813 449 At 31 March 2023 42,487 31,775 74,262 Carrying amount At 31 March 2023 2,544 2,544 At 31 March 2022 2,993 2,993 Credltors: amounts falllng due within one year 2023 2022 Other creditors 620 620 Related party transactions There were no related paty transactions in the year under r8view. Controlllng party The control of the charitable company lies with the directors. Page 8
Friends of Ardavon Company limited by guarantee The followlng pages do not form part of the statutory accounts.
Friends of Ardavon Company limited by guarantee Detailed income statement Year ended 31 March 2023 2023 2022 Overheads Administrative expenses (7,875) {8,113) (7,875) (8,113) Operating loss (7,875) (8,113) Other interest receivable and similar income 2,388 95 Loss before taxatlon (5,487) (8,018)
Friends of Ardavon Company limited by guarantee Detailed income statement (continued) Year ended 31 March 2023 2023 2022 Overheads Admlnlstratlve 6xpenses Volunteer expenses Holiday and recreatlon expenses Motor expenses Accountancy fees Bank charges Charitable donations Depreciation of tangible assets (780) {2,353) (3,551) {673) (69) <816) (1,780) (4,096) (673) (120) (100) {528) (449) (7,875) (8,113)