Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A Charity registration number 107134 Company registrdtion number N1033183 (Northern Ireland} EGLINTON COMMUNITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY LEGAL AND ADMINISTRATIVE INFORMATION Trustees Saoirse Fanning Darren Hylands Sharon Hylands Maurice Lynch Greta Mooney Ivan Morrison Michael Tumer Secretary Sharon Hylands Charity number 107134 Company number N1033183 Registered office 40 Main Street Eglinton BT47 3AD Independent examiner PFS & Partners 16 Main Slreet Limavady BT49 OEU Bankers AIB Bank Meadowbank Strand Road Derry BT48 7TN
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY CONTENTS Page Trustees. report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 6-14
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2023 The tnjstees present their annual report and financial statements for the year ended 30 November 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial slatemenls and comply with the charity's governing documenl, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" leffeclive 1 January 2019). Objectives and activities In setting our objectives and planning our activities the trustees have given consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that our activities have helped to achieve Ihe charity's aims and purposes. The main activilies of the company are to promote Ihe Community Centre as a place of education, sport and well- being for all inhabitants of Eglinton and the surrounding areas. Our public benefit is provided by ensuring that activilies are run for little or no contribution from the participants so as to ensure there is no financial barrier to acSsIng the services provided. Eglinlon Communty Limited provides a wde range of educational. sport. advice. well-being. arls and crafts activities. In addition we provide a warm space in the Community Library for the benefit of inhabitants of Eglinton and the surrounding area to support those who are experiencing fuel povety. We eslablished a community wide food growing programme and community larder to reduce food waste and help local residents who are experiencing food povety. Achievements and perfonnance Eglinton Community Hall provides recreation space for various local sporting groups, for social welfare groups to promote health and well-being. Eglinton Community Cenlre is a focal point for many village activilies for all ages from birth upwards. Eglinlon Communty Centre is the designaled Emergency Rest Centre for this rural area and we continue to work closety with Derry City and Strabane District Council and the Regional Community Resilien Group Multi-Agencies to provide a community-based response to flooding in the area. Eglinlon Community Hall has approximatety 1200 people using its services each month. The Community Hall continues lo be a source of support and advice within the local community- Over the lasl year we have expanded our activities to work in partnership with YMCA and the Education Authority to provide Youth servIs in this rural community. Financial review Eglinton Community Hall is reliant on ongoing hall hire and recreational activikn'es to cover it5 day to day costs. The Truslees aulhorise applications for charitable purposes to provide health, recreational and support services. Finances are in a healthy position and the Trustees expect the organisalion to remain sustainable a1 fulfil ils charitable purposes. It is the policy of the charity that unrestricted funds which have not been designaled for a specific use should be maintained al a level equivalent to belween three and six month's expenditure. The trustees consider that reseNes at this level will ensure that, in the event of a significant drop in fijnding, they will be able to continue the charity's current activities while consideration is given to ways in which additional fijnds may be raised. This level of reserves has been mainlained throughout the year. In this financial year the reserves have been available to repair and maintain the roof of the building after stomi damage. Structure, governance and managernent The charity is a company limited by guarantee having no share capital.
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 The trustees, who are also the directors for the Purpose of company law. and who served during the year and up to the date of signature of Ihe financial statements were= Danielle Conway Saoirse Fanning Darren Hylands Sharon Hylands Maurice Lynch Greta Mooney Ivan Morrison Rosaleen Morrison Michael Turner (Resigned 4 October 2023) (Resigned 5 October 2023) The following committee member is not a trustee.. Alistair Davidson None ofthe trustees has any beneficial interest in the company. Al ofthe trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The tnjstees. report was approved by the Board of Trustees. Truslee 9 Odober 2024
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EGLINTON COMMUNITY I report to the trustees on my examination of the financial statements of Eglinton Community (the charity} for the year ended 30 November 2023. Responsibilities and basis of report As the trustees of the charity {and also its directors for the purposes of company law) you are responsible for the preparation of the financial statemenls in accordance wilh the requirements of the Companies Act 20(E {the 2006 Act). Having satisfied myself that the financial stalements of the charity are not required to be audit1 under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial slalements carried out under section 65 of the Charities Acl {Northern Ireland) 2008 (the 2008 Act). In carrying out my examination I have followed all the applicable Directions given by The Charity Commission for Northern Ireland under section 65{9){b) of the 2008 Act. Independent examinerfs statement I have completed my examination. I confimi that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect- accounling records were not kepl in respecl of Ihe chartty as required by section 386 of the 2006 Act., or the financial statements do not accord with those records.. or the financial slatements do nol compty wf(h the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examinalion., or the financial statements have not been prepared in accordan Trmth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wilh the Finanaal Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 1021. I have no cOnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. by. 6S368107E73E439 PFS & Partners 16 Main Street Limavady BT49 OEU Dated.. 9 October 2024
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income and endowments from: Donalions and legacies Investments Olher income 23,353 1,750 4,715 52,253 75.606 1,750 4,715 36,318 1,425 4,005 60,627 96,945 1,425 4,005 Total income 29.818 52,253 82.071 41,748 60,627 102.375 Expendilure on: Charitable activities 53,338 63,524 116,862 50,596 42,851 93,447 Total expenditure 53,338 63,524 116,862 50,596 42,851 93,447 Net incomel{expenditure) {23,5201 (11.271) (34,791) (8,8481 17,776 8,928 Transfers between funds 2,394 (2,394) (500) 500 Net movement in funds {21,126) (13,665) {34,791) (9,348) 18,276 8.928 Reconciliation of funds: Fund balances at 1 December 2022 762,917 22,236 785,153 772,265 3,960 776,225 Fund balances at 30 November 2023 741,791 8,571 750,362 762,917 22,236 785,153 The statement of financial activiiies includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY BALANCE SHEET AS AT 30 NOVEMBER 2023 2023 2022 Notes Fixed assets Tangible assets 11 711.758 731,331 Current assets Debtors Cash at bank and in hand 12 2.704 36.309 54,431 39,013 54,431 Creditors: amounts falling due within one year 13 (409) (6091 Net current assets 38,604 53,822 Tolal assets less current liabilities 750,362 785,153 The funds of the charity Restricted income funds Unrestricled funds 15 16 8,571 741,791 22,236 762,917 750,362 785,153 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 November 2023. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 wilh respect lo accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of tts finanaal slatements for Ihe year in question in accordance with section 476. These financial statements have been prepared in accordan wth the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the tnjstees on 9 October 2024 51FEBS Saoirse Truslee 154B491... anning Trustee Company registration number N1033183 {Northem Ireland)
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Accounting policies Charity infomiation Eglinlon Community is a private company limited by guarantee incorporated in Northem Ireland. The registered office is 40 Main Street. Eglinton. B T47 3AD. 1.1 Accounting convention The financial statements have been prepared in accordance wilh the charity's [goveming documenti, the Companies Act 2006, FRS 102 'The Finanaal Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102.) and the Charities SORP "Accountr'ng and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their accounls in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a statnent of Cash Flows. The financial slatements are prepared in sterfing, which is the funclional currency of Ihe charity. Monetsry amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern Al the time of approving the financial statements, the truslees have a reasonable expectalion Ihal the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial slatements. 1.3 Charitable funds Unreslricled funds are available for use at the discretion of the trustees in furtherance of their charitable objeclives. Restricted funds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds a sel out in the noles lo the financial statemenls. Endowment funds are subject to specffic condttions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably. and it is probable that income will be reived. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions requi deferral of the amount. Income tax recoverable in relation to donations received under Gift or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or olhemise if the charity has been notified of an impending dislribulion, the amount is known. and reIpl is expected. If the amount is not known, the legacy is treated as a contingent assel.
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable thal a Iransfer of economic benefits will be required in settlement. and Ihe amount of the obligation can be measured reliabty. Expenditure 15 classified by activty. The costs of each activity are made up of the total of dIrt cost5 and shared costs. including support costs involved in undertaking each activity- Direct costs attributable to a single aclivity are allocaled direclly to that activty. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistenl with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the assevs use. 1.6 Tangible fixed assets Tangible fixed assets are initialty measured at cost and subsequentty measured at cosl or valuation, nel of depreciation and any impaimient losses. Deprecialion is recognised so as lo write off the cost or valuation of assets less their residual values over Iheir useful lives on the following bases.. Freehold land and buildings Leasehold land and buildings Planl and equipment Fixtures and fittings 2Yo straight line 10¥0 Straight line 25 % reducing balance 25Yo reducing balan The gain or loss arising on the disposal of an asset is detemiined as Ihe difference beeen the sale proceeds and the carying value of the asset, and is recogni5ed in the statement of financial activities. 1.7 Impaimient of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such IndatIOn exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impaimenl loss (rf any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held al call with banks, other short-term liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments. Finan81 instruments are recognised in the charity's balan sheet when the charity becomes party to the contractual provisions of the instrument. Finanaal assets and liabilities are offset. wilh the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised arnounts and there is an intention to settle on a net basis or to realise the asset and setue the liability simultaneously.
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 Accounting policies (Continued) Basic financial assets Basic financial assets. which indude debtors and cash and bank balances, are initially measured at transaction price including iransaclion costs and a subsequentty carried at amortised cosl using ihe effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of Ihe future receipls discounted at a market rate of interest. Financi81 assets classified as receivable within one yeai are not amortised. Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initialty recognised at transaction price unless the arrangement constilutes a financing iransaclion, where the debt instrument is measured at the presenl value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequentty carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or les5. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequentty measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabiltties are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Ernployee benefits The cost of any unused holiday entittement is recognised in the period in which the employee's services are received. Termination benefils are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due.
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 Donations and legacies Unrestricted Restricted funds funds Totsl Unrestricted funds Restricted funds Total 2023 2023 2023 2022 2022 2022 Donation5 and gifts Grants receivable Hall hire and student fees 978 978 52,253 22.375 2.264 12,000 22.054 2,264 72,627 22,054 52,253 60,627 22,375 23,353 52.253 75.606 36.318 60,627 96,945 Grants receivable for core activities UUleCareWell CLEARIWHSCT CFNI- New Needs APEX Department for Communities DAERA DCSDC Other 20,200 8,676 5,000 8,117 20,200 8,676 5,000 8,117 1.997 1.997 3,274 3,274 16,278 16,278 3,000 1,496 14,138 3,000 1,496 26,138 29,704 1.000 29,704 1.000 12,000 52.253 52.253 12.000 60,627 72,627 Investments Unrestricted Unrestricted funds funds 2023 2022 Action Renewables 1,750 1,425
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 Other income Unrestricted Unrestricted funds funds 2023 2022 Physical activity rental 4,715 4,005 Charitable activities 2023 2022 Community centre Share of governance costs (see note 6) 115,427 1,435 92,247 1,200 116,862 93,447 Analysis by fund Unrestricted funds Restricted funds 53,338 63,524 50,596 42,851 116,862 93,447 Support costs allocated to activities 2023 2022 Governance costs 1.435 1,200 Analysed between: Charitable activities 1.435 1,200 Net movement in funds 2023 2022 The net movement in funds is ststed after chargingl{crediting)= Depreciation of owned tangible fixed assets 19,573 19,868 Trustees None of the trustees (or any persons connecled with them) received any remuneration or benefits from the charity during the year. 10-
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 Employees The average monthly number of employees during the yearwas.. 2023 Number 2022 Number Employment costs 2023 2022 Wages and salaries Other pension costs 38,594 589 32,248 461 39,183 32,709 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows= 10 Taxation The chartty is exempl from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 11 Tangible fixed assets FTeehold land and buildings Leasehold land and building¥ Ptsnt and Fixtures and equipment fittings Totsl Cost At 1 December 2022 937.820 14,780 29.811 22,459 1,004,870 At 30 November 2023 937.820 14,780 29.811 22,459 1.004,870 Depreciation and impaimient At 10ecember 2022 Depreciation charged in the year 216.960 16,956 14,780 20,629 2,295 21,170 322 273,539 19,573 At 30 November 2023 233.916 14,780 22,924 21,492 293,112 Carrying amount AI 30 November 2023 703.904 6,887 967 711,758 At 30 November 2022 720.860 9,182 1,289 731,331 11
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 12 Debtors 2023 2022 Amounts falling due within one year: Other debtors 2,704 13 Creditors: amounts falling due within one year 2023 2022 (Xher tsxation and social security Accruals and deferred income 270 139 423 186 409 609 14 Retirement benefit schemes 2023 2022 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 589 461 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from Ihose of the charity in an independently administered fund. 15 Restricted funds The reslricted funds of the charity comprise Ihe unexpended balances of donations and granls held on trust subject to specific conditions by donors as to how they may be used. At1 December Incoming resources Resources expended Transfers At30 November 2022 2023 Dfc Jobstart CLEAR CFNI- New Needs APEX WHSCT DCSDC Millennium Forum 1,884 2,098 4,616 251 1,495 11,892 16.278 1,253 (16,561) (1,744) {3631 (3,525) 11,2961 {39,035) (1,000) (1.6011 1,607 4,253 3,274 744 29,704 1.000 19431 150 2,711 22,236 52.253 (63,524) (2.3941 8,571 12-
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 15 Restricted funds (Continued) Previous year- At1 December 2021 Incoming resources Resources expended Transfers At30 November 2022 WHSCT CLEAR CFNI- New Needs APEX Advi Nl Departmenl for Communities UU/eCareWell DAERA DCSDC 4.000 4,675 5.000 8,117 (2,505) (5,701) {884) (7,866) {8361 (1,116) (20,2001 (1,496) (2,247) 1,495 2,098 4,616 251 3,124 500 836 3,000 20.200 1.496 14.139 1,884 11,892 3,960 60.627 42,851 500 22,236 16 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subjecl to specific condilions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At1 December 2022 Incoming resources Resources expended Transfers At30 November 2023 General funds 762,917 29.818 (53,338) 2.394 741,791 Previous year: At1 December 2021 Incoming resources Resources expended Transfers At30 November 2022 General funds 772,265 41.748 {50,5961 15001 762,917 17 Analysis of net assets between funds Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 30 November 2023: Tangible assets Currenl assetsllliabililies) 711,758 30,033 711,758 38,604 8.571 741,791 8.571 750,362 13-
Docusign Envelope ID". A3C1CBC3-186F4C48-8674£03B11BF481A EGLINTON COMMUNITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 17 Analysis of net assets between funds (Continued) Unrestricted funds 2022 Restricted funds 2022 Total 2022 At 30 November 2022: Tangible assets Currenl assetsllliabililies} 731,331 31,586 731,331 53,822 22.236 762,917 22.236 785,153 18 Related party transactions There were no disclosable related paity transactions during the year 12022 - trustee loans tolalling £7,000 were fully repaid). 14-