## **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** 

|**£**<br>**Unrestricted**<br>**Grants received**<br>**Funds**<br>The Department For Communities<br>Ards & North Down B C<br>Lottery Grants<br>Dept of Justice<br>NI Community Relations<br>NIHE<br>RHACCS<br>Grants<br>TEO<br>Management fees<br>Interest<br>8<br>8<br>**Expenditure**<br>Accountants fees<br>Bank Charges<br>Electricity<br>Employee costs<br>Employee Training<br>Employee Travel<br>CIT Facilitation<br>Mens Health costs<br>Insurance<br>Running costs<br>Sundry expenses<br>Lottery Heritage costs<br>NIHE costs<br>Telephone<br>Broadband<br>ANDBC festival<br>Depreciation<br>0<br>Surplus of income over expenditure<br>8<br>Opening balances:<br>Fixed Assets<br>Bank<br>6,030<br>Debtors<br>Creditors<br>-9,020<br>Accruals<br>-894<br>-3,884<br>Represented by<br>Closing balances:<br>Fixed Assets<br>0<br>Bank balances<br>8,169<br>Debtors<br>1,778<br>Creditors<br>-8,857<br>Accruals<br>-1,841<br>-751|**£**<br>**Restricted**<br>**Funds**<br>62,046<br>1,270<br>4,900<br>68,216<br>947<br>0<br>1,430<br>43,906<br>0<br>0<br>7,213<br>453<br>1,131<br>3,709<br>474<br>4,450<br>1,378<br>0<br>0<br>0<br>65,091<br>3,125<br>3,125<br>0|**£**<br>**2024**<br>**Funds**<br>**Total**<br>62,046<br>0<br>0<br>1,270<br>0<br>4,900<br>0<br>0<br>0<br>0<br>8<br>68,224<br>947<br>0<br>1,430<br>43,906<br>0<br>0<br>7,213<br>453<br>1,131<br>3,709<br>474<br>4,450<br>0<br>1,378<br>0<br>0<br>0<br>65,091<br>3,133<br>0<br>6,030<br>0<br>-9,020<br>-894<br>-3,884<br>0<br>8,169<br>1,778<br>-8,857<br>-1,841<br>-751|**£**<br>**2023**<br>**Funds**<br>**Total**<br>50,869<br>0<br>16,400<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>8<br>67,277<br>871<br>10<br>2,018<br>48,794<br>0<br>0<br>5,371<br>344<br>997<br>3,385<br>0<br>11,688<br>0<br>1,224<br>0<br>0<br>0<br>74,702<br>-7,425<br>8,305<br>8,800<br>-720<br>8,960<br>0<br>6,030<br>0<br>-9,020<br>-894<br>-3,884|
|---|---|---|---|



3 



## **Kilcooley Community Forum Ltd Statement of Balances As at 31 March 2024** 

|**Notes**<br>**£**<br>**Fixed Assets**<br>Equipment<br>**2**<br>**Current assets**<br>Bank accounts<br>8,169<br>Debtors<br>1,778<br>---------<br>9,947<br>---------<br>**Current liabilities**<br>Accruals<br>1,841<br>Creditors<br>8,857<br>---------<br>10,698<br>---------<br>**Net current assets**<br>**Net assets**<br>**Funds**<br>**3**<br>Balance brought forward<br>Surplus/(Deficit) for the year<br>**Total funds**|**2024**<br>**£**<br>**£**<br>0<br>6,030<br>0<br>---------<br>6,030<br>---------<br>894<br>9,020<br>---------<br>9,914<br>---------<br>-751<br>-751<br>-3,884<br>3,133<br>-751|**2023**<br>**£**<br>0<br>-3,884<br>-3,884<br>-1,215<br>-2,669<br>-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<br>Bank balances at 31 March 2024<br>Debtors<br>Creditors - Kilcooley Allotments Ltd<br>Other Creditors - Pension<br>Accruals<br>Total|**£**<br>**£**<br>**£**<br>**Total**<br>**Restricted**<br>**Unrestricted**<br>0<br>0<br>0<br>8,169<br>0<br>8,169<br>1,778<br>0<br>1,778<br>-8,694<br>0<br>-8,694<br>-163<br>-163<br>-1,841<br>0<br>-1,841<br>-751<br>0<br>-751|
|---|---|



5