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2024-11-30-accounts

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

Charity registration number 107134 (Northern Ireland) Company registration number NI033183

EGLINTON COMMUNITY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Saoirse Fanning
Darren Hylands
Sharon Hylands
Maurice Lynch
Greta Mooney
Ivan Morrison
Michael Turner
Secretary Sharon Hylands
Charity number (Northern Ireland) 107134
Company number NI033183
Registered office 40 Main Street
Eglinton
BT47 3AD
Independent examiner PFS & Partners
16 Main Street
Limavady
BT49 0EU
Bankers AIB Bank
Meadowbank
Strand Road
Derry
BT48 7TN

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 14

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2024

The trustees present their annual report and financial statements for the year ended 30 November 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 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 the charity's aims and purposes.

The main activities of the company are to promote Eglinton 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 activities are run for little or no contribution from the participants to ensure there is no financial barrier to accessing the services provided.

Eglinton Community Limited provides a wide range of educational, sport, advice, well-being, arts 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 poverty. We established a community wide food growing programme and community larder to reduce food waste and help local residents who are experiencing food poverty. This has provided great benefit to the local community and Eglinton Community Hall provides additional cookery classes and budget management.

Achievements and performance

Eglinton Community Hall provides recreation space for various local sporting groups, for social welfare groups to promote health and well-being. Eglinton Community Centre is a focal point for many village activities for all ages from birth upwards.

Eglinton Community Centre is the designated Emergency Rest Centre for this rural area and we continue to work closely with Derry City and Strabane District Council and the Regional Community Resilience Group Multi-Agencies to provide a community-based response to flooding in the area.

Eglinton Community Hall has approximately 1500 people using its services each month. The Community Hall continues to be a source of support and advice within the local community. We are now in the third year of our partnership with YMCA to deliver an Education Authority Youth Club at Eglinton Community Hall. This has been a great achievement and is delivering a much needed service for children and young people on Friday evenings.

Financial review

Eglinton Community Hall relies on ongoing hall hire and recreational activities to cover its day to day costs. The Trustees authorise applications for charitable purposes to provide health, recreational and support services. Finances are in a healthy position and the Trustees expect the organisation to remain sustainable and fulfil its charitable purposes.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

The charity is a company limited by guarantee having no share capital.

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

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 the financial statements were:

Saoirse Fanning Darren Hylands Sharon Hylands Maurice Lynch Greta Mooney Ivan Morrison Michael Turner

The following committee member is not a trustee:

Alistair Davidson

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustees' report was approved by the Board of Trustees.

Saoirse Fanning Trustee

26 August 2025

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EGLINTON COMMUNITY

I report on the financial statements of the charity for the year ended 30 November 2024, which are set out on pages 4 to 14.

Respective responsibilities of charity trustees and examiner

As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited 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 statements carried out under section 65 of the Charities Act (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.

Basis of independent examiner's report

I have examined your charity financial statements as required under section 65 of the Charities Act (Northern Ireland) 2008 and my examination was carried out in accordance with the general Directions given by the Charity 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 financial statements presented with those records. It also included consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe that:

Independent examiner's statement

I have completed my examination and I have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

PFS & Partners 16 Main Street Limavady BT49 0EU 26 August 2025

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 NOVEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
2
32,308
38,236
Investments
3
1,888
-
Other income
4
5,428
-
Total income
39,624
38,236
Expenditure on:
Charitable activities
5
77,853
42,122
Total expenditure
77,853
42,122
Net expenditure
(38,229)
(3,886)
Transfers between
funds
2,967
(2,967)
Net movement in
funds
7
(35,262)
(6,853)
Reconciliation of funds:
Fund balances at 1 December
2023
741,791
8,571
Fund balances at 30
November 2024
706,529
1,718		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
70,544
23,353
52,253
1,888
1,750
-
5,428
4,715
-
77,860
29,818
52,253
119,975
53,338
63,524
119,975
53,338
63,524
(42,115)
(23,520)
(11,271)
-
2,394
(2,394)
(42,115)
(21,126)
(13,665)
750,362
762,917
22,236
708,247
741,791
8,571		 Total
2023
£
75,606
1,750
4,715
82,071
116,862
116,862
(34,791)
-
(34,791)
785,153
750,362

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

BALANCE SHEET

AS AT 30 NOVEMBER 2024

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
15
Unrestricted funds
16		 2024
£
-
16,793
16,793
(1,383)		 £
692,837
15,410
708,247
1,718
706,529
708,247		 2023
£
2,704
36,309
39,013
(409)		 £
711,758
38,604
750,362
8,571
741,791
750,362

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 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 26 August 2025

Saoirse Fanning Ivan Morrison Trustee Trustee

Company registration number NI033183 (Northern Ireland)

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies

Charity information

Eglinton Community is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 40 Main Street, Eglinton, BT47 3AD.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". 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 statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to 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

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions 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 performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent 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 asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% straight line Leasehold land and buildings 10% straight line Plant and equipment 25% reducing balance Fixtures and fittings 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment 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 impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present 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 subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits 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 benefit schemes are charged as an expense as they fall due.

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

2 Donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
4,776
-
Grants receivable
-
38,236
Hall hire and student fees
27,532
-
32,308
38,236
Grants receivable for
core activities
CLEAR/WHSCT
-
2,388
APEX
-
746
Department for
Communities
-
2,031
DCSDC
-
33,071
Other
-
-
-
38,236		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
4,776
978
-
38,236
-
52,253
27,532
22,375
-
70,544
23,353
52,253
2,388
-
1,997
746
-
3,274
2,031
-
16,278
33,071
-
29,704
-
-
1,000
38,236
-
52,253		 Total
2023
£
978
52,253
22,375
75,606
1,997
3,274
16,278
29,704
1,000
52,253

3 Investments

Action Renewables

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
1,888 1,750

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

4 Other income

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Physical activity rental 5,428 4,715

5 Charitable activities

Community centre
Share of governance costs (see note 6)
Analysis by fund
Unrestricted funds
Restricted funds
6
Support costs allocated to activities
Governance costs
Analysed between:
Charitable activities
7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

9 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Other pension costs		 2024
Number
3
2024
£
37,339
393
37,732		 2023
Number
3
2023
£
38,594
589
39,183

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt 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

Freehold land
and buildings
£
Cost
At 1 December 2023
937,820
At 30 November 2024
937,820
Depreciation and impairment
At 1 December 2023
233,916
Depreciation charged in the year
16,956
At 30 November 2024
250,872
Carrying amount
At 30 November 2024
686,948
At 30 November 2023
703,904		 Leasehold
land and
buildings
£
14,780
14,780
14,780
-
14,780
-
-		 Plant and
equipment
Fixtures and
fittings
£
£
29,811
22,459
29,811
22,459
22,925
21,492
1,722
242
24,647
21,734
5,164
725
6,887
967		 Total
£
1,004,870
1,004,870
293,113
18,920
312,033
692,837
711,758

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

12
Debtors
Amounts falling due within one year:
Other debtors
13
Creditors: amounts falling due within one year
Other taxation and social security
Accruals and deferred income
14
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
-
2024
£
697
686
1,383
2024
£
393		 2023
£
2,704
2023
£
270
139
409
2023
£
589

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 Incoming Resources Transfers At 30
December resources expended November
2023 2024
£ £ £ £ £
DfC Jobstart - 2,031 (1,499) (532) -
CLEAR 1,607 880 (400) (1,689) 398
CFNI - New Needs 4,253 - (4,159) - 94
APEX - 746 - (746) -
WHSCT - 1,508 (1,073) - 435
DCSDC 2,711 33,071 (34,991) - 791
8,571 38,236 (42,122) (2,967) 1,718

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

15 Restricted funds (Continued)
Previous year: At 1 Incoming Resources Transfers At 30
December resources expended November
2022 2023
£ £ £ £ £
DfC Jobstart 1,884 16,278 (16,561) (1,601) -
CLEAR 2,098 1,253 (1,744) - 1,607
CFNI - New Needs 4,616 - (363) - 4,253
APEX 251 3,274 (3,525) - -
WHSCT 1,495 744 (1,296) (943) -
DCSDC 11,892 29,704 (39,035) 150 2,711
Millennium Forum - 1,000 (1,000) - -
22,236 52,253 (63,524) (2,394) 8,571

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 Incoming Resources Transfers At 30
December resources expended November
2023 2024
£ £ £ £ £
General funds 741,791 39,624 (77,853) 2,967 706,529
Previous year: At 1 Incoming Resources Transfers At 30
December resources expended November
2022 2023
£ £ £ £ £
General funds 762,917 29,818 (53,338) 2,394 741,791

17 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 30 November 2024:
Tangible assets
692,837
-
Current assets/(liabilities)
13,692
1,718
706,529
1,718		 Total
2024
£
692,837
15,410
708,247

Docusign Envelope ID: FFBE4410-7D05-4E28-9174-D783FAEA8220

EGLINTON COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

17 Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 30 November 2023:
Tangible assets 711,758 - 711,758
Current assets/(liabilities) 30,033 8,571 38,604
741,791 8,571 750,362

18 Related party transactions

There were no disclosable related party transactions during the year (2023 - nil).