Kilcooley Community Forum Ltd
Financial Statements
31 March 2024
Broad Street Advisory Limited Chartered Accountants 94 Hamilton Road Bangor BT20 4LG
Kilcooley Community Forum Ltd Contents
| Page | |
|---|---|
| Approval Statement | 1 |
| Accountant's Report | 2 |
| Statement of Financial Activities incorporating the | |
| Receipts and Payments Account | 3 |
| Statement of Balances | 4 |
| Notes to the Financial Statements | 5 |
Kilcooley Community Forum Ltd Year Ended 31 March 2024
Statement of Responsibilities of the Members of Committee
The Charity Commission requires the directors of the company to prepare financial statements for the year giving a statement of balances of the company and of the receipts and payments for the year. In preparing these the members of the committee are required to:
select suitable accounting policies and apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare financial statements on the going concern basis unless it is inappropriate to presume that the company will continue to operate.
The directors of the company are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Charity Commission's rules. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the board of directors and signed on its behalf by:
J. Russell Director
24th January 2025
1
Kilcooley Community Forum Ltd Year Ended 31 March 2024
Accountant's report on the Financial Statements to Kilcooley Community Forum Ltd
As stated on page 4 you have approved the Financial Statements for the year ended 31 March 2024 which comprise the Receipts and Payments account, the Statement of Balances and the related notes. In accordance with your instructions I have examined the accounting records and information and explanations supplied to me and certify that the Statements are correct and in accordance with the records and have been properly prepared in accordance with the Charity Commission's, except that separate bank accounts should be maintained for restricted and unrestricted funds.
Broad Street Advisory Limited Chartered Accountants 94 Hamilton Road Bangor BT20 4LG
24th January 2025
2
Kilcooley Community Forum Ltd Statement of Financial Activities incorporating the Receipts and Payments Account for the year ended 31 March 2024
| £ Unrestricted Grants received Funds The Department For Communities Ards & North Down B C Lottery Grants Dept of Justice NI Community Relations NIHE RHACCS Grants TEO Management fees Interest 8 8 Expenditure Accountants fees Bank Charges Electricity Employee costs Employee Training Employee Travel CIT Facilitation Mens Health costs Insurance Running costs Sundry expenses Lottery Heritage costs NIHE costs Telephone Broadband ANDBC festival Depreciation 0 Surplus of income over expenditure 8 Opening balances: Fixed Assets Bank 6,030 Debtors Creditors -9,020 Accruals -894 -3,884 Represented by Closing balances: Fixed Assets 0 Bank balances 8,169 Debtors 1,778 Creditors -8,857 Accruals -1,841 -751 |
£ Restricted Funds 62,046 1,270 4,900 68,216 947 0 1,430 43,906 0 0 7,213 453 1,131 3,709 474 4,450 1,378 0 0 0 65,091 3,125 3,125 0 |
£ 2024 Funds Total 62,046 0 0 1,270 0 4,900 0 0 0 0 8 68,224 947 0 1,430 43,906 0 0 7,213 453 1,131 3,709 474 4,450 0 1,378 0 0 0 65,091 3,133 0 6,030 0 -9,020 -894 -3,884 0 8,169 1,778 -8,857 -1,841 -751 |
£ 2023 Funds Total 50,869 0 16,400 0 0 0 0 0 0 0 8 67,277 871 10 2,018 48,794 0 0 5,371 344 997 3,385 0 11,688 0 1,224 0 0 0 74,702 -7,425 8,305 8,800 -720 8,960 0 6,030 0 -9,020 -894 -3,884 |
|---|---|---|---|
3
Kilcooley Community Forum Ltd Statement of Balances As at 31 March 2024
| Notes £ Fixed Assets Equipment 2 Current assets Bank accounts 8,169 Debtors 1,778 --------- 9,947 --------- Current liabilities Accruals 1,841 Creditors 8,857 --------- 10,698 --------- Net current assets Net assets Funds 3 Balance brought forward Surplus/(Deficit) for the year Total funds |
2024 £ £ 0 6,030 0 --------- 6,030 --------- 894 9,020 --------- 9,914 --------- -751 -751 -3,884 3,133 -751 |
2023 £ 0 -3,884 -3,884 -1,215 -2,669 -3,884 |
|---|---|---|
The financial statements were approved by the members of the Management Committee on
and are signed on their behalf by: J. Russell Chairperson Treasurer Director
4
Kilcooley Community Forum Ltd Notes to the Financial Statements For the year ended 31 March 2024
1 Accounting policies
The financial statements have been compiled on a basis that enables the surplus to be calculated in accordance with UK Generally Accepted Accounting Practice and in accordance with the recommended practice for accounting and reporting by charities as issued by the Charities Commission.
Being a company charity the accounts have been prepared on the accruals basis, along with a statement of balances at year end.
2 Fixed Assets
| Fixed Assets | |||
|---|---|---|---|
| NBV B/Fwd | Depreciation Net Book Value | ||
| £ | £ | £ | |
| Office Furniture and fittings | 0 | 0 | 0 |
| Computers | 0 | 0 | 0 |
| Computer suite/office furniture | 0 | 0 | 0 |
| Garden equipment | 0 | 0 | 0 |
| -------- | -------- | -------- | |
| 0 | 0 | 0 | |
| -------- | -------- | -------- |
All assets are stated at cost less depreciation. Depreciation has been charged at 25% straight line basis.
3 Funds
| Fixed assets Bank balances at 31 March 2024 Debtors Creditors - Kilcooley Allotments Ltd Other Creditors - Pension Accruals Total |
£ £ £ Total Restricted Unrestricted 0 0 0 8,169 0 8,169 1,778 0 1,778 -8,694 0 -8,694 -163 -163 -1,841 0 -1,841 -751 0 -751 |
|---|---|
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