Charily rngistration number NIC107181
Company registration number N1645803 (Northern Ireland)
MARROWBONE COMMUNITY ASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
•ADZ8PIMX'
2710312025
COMPANIES HOUSE
A06
#166

MARROWBONE COMMUNITY ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Directors
David Adams
Denise Bums
Philip McTaggart
Rory O'connor
Ruairi Og O'connor
Sinead Markey
Paul Mccann
Bridget Corr
(Appointed 5 February 2024)
(Appointed 24 October 2024)
(Appointed 24 October 2024)
(Appointed 24 October 2024)
Charity number
NIC107181
Company number
N1645803
Registered office
11113 Gracehill Court
Belfast
BT14 7RG
Independent examiner
Fountain Accounting Ltd
2nd Floor
Donegall House
98-102 Donegall Street
Belfast
BT12GW

MARROWBONE COMMUNITY ASSOCIATION
CONTENTS
Pag¢
Dir8Ctorfs report
Independent examinels report
Statement of financial activities
Balance sheet
Notes lo the financial statements
6-14

MARROWBONE COMMUNITY ASSOCIATION
DIRECTOR'S REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MAY 2024
The directors present their annual report and financial ststements for the year ended 31 May 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.. Staternent of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 102)" (as amended for accounting periods Commencing from 1 January 2016)
Objectives and activities
The organisations objects are to-
To promote the benefit of the inhabitants of the Marrowbone area and its environs without dlstinction of age.
gender fa￿, polilical. religious or other opinion. by association with statLJlory authorities, voluntary organisalions
and inhabitants in a common effort to advance education and lo provide facilities in the interests of social
welfare, for health, recreation and leisure time occupation, with the object of improving the conditions of life for
the said Inhabitants.
To promote Cothoperation be￿een local community groups with the object of improving the conditions of life for
the inhabitants in the area of benefit.
To promote and co-ordinate community development, by enhancing the local social infrastructure through
support, training and resource provision.
The charity trust8es have complied wlth their duty to have due regarcl to the commission's publlc benefit
guidance when exercising any powers or duties to which the guidance is relevant.
The directors have paid due r8gard to guidance Issued by the Charity Commisslon in deciding what activltles the
charity should undertake.
Achlevements and performance
Review of the year
The company was incorporated on 16th May 2017, N1645803.
Phase Two of the refurbishment of the hall has been completed and as of May 2022. Teach Eills is fully
operational.
A wide range of community organisats'ons avail of Teach Ellis on a weekly basis. It is home lo Sacred Heart
Boxing Club and also hosts a youth club, men and women groups, a community garden. crèche, welfare rights.
education and employment, counselling and cultural diversity services.
Various programmes throughout the year were organlsed by the Manager and Senior Youth Worker to further our
objectives and continue to promote the activities of Marrowbone Community Association. These activities
continue to have a tangible positive effect on our community.
The directors have assessed the major risks to which th8 charity is exposed, and are satisfied that syslems are in
place to mitigate exposure to the major risks.

MARROWBONE COMMUNITY ASSOCIATION
DIRECTOR'S REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Structure, governance and management
The charity is a company limited by guarantee.
The directors who served during the year and up to the date of signature of the financial statements were:
David Adams
Denise Burns
John Mallon
Philip McTaggart
Daniel Cahoon
Rory O'connor
Ruairi Og O'connor
Sinead Markey
Paul Mccann
Bridget Corr
(Resigned 6 February 2024)
(Resigned 6 Febwary 2024)
(Appointed 5 February 2024)
(Appointed 24 October 2024)
{Appointed 24 October 2024)
{Appointed 24 October 2024)
None of the directors has any beneficial interest in the company. All of the directors are members of the cornpany
and guarantee to contribute £1 in the event of a winding up.
The director's report was approved by the Board of Directors.
Rualrl Og O'connor
Director
Dated: 28 February 2025

MARROWBONE COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE DIRECTORS OF MARROWBONE COMMUNITY ASSOCIATION
I report to the directors on my examination of the financial statements of Marrowbone Community Association (the
charity) for the year ended 31 May 2024.
Responsibilities and basis of report
As the directors of the charity {and also ils directors 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 (the 2006
Adl.
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. In carrying out my examination I have followed
all the applicable Directions given by the Charity Commission under section 65(91(b) of the Charitie4 Act.
Independent examiner's staternenl
I have completed my examination. I confirm that no matters have come lo my attention in connection wlth the
examination giving me Cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or
the financial statements do not accord with those records: or
the financial statements do not comply with Ihe accounting requirernents of section 396 of the 2006 Act oth8r
than any requirement that the accounts give a true and fair view which is not a matter considered as part of an
ndependent examinalion; or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
I have no concems 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 Ihe financial statements to be reached.
Fountaln A¢¢ounling Ltd
2nd Floor
Donegall House
98-102 Donegall Street
Belfasl
8T12GW
Dated: 28 February 2025

MARROWBONE COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MAY 2024
Unrestrlcted Reslricted
funds
funds
2024
2024
Total Unrestricted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Note$
Income from:
Grants and Donations
Charitable activitles
165,403
7,908
165,403
35,252
600
36,173
154.022
7.906
154,622
44,079
27,346
Tolal Incoma
27.346
173,309
200,655
36,773
161,928
198.701
Expendlture on:
Charitable activities
19,891
173,166
193,057
35,699
162,270
197,969
Total expendlture
19,891
173,166
193,057
35,699
162,270
197,969
Net income and movement In
funds
7,455
143
7,598
1,074
{3421
732
Recon¢iliation of funds:
Fund balances al 1 June 2023
2.459
131,205
133,664
1,385
131,547
132,932
Fund balances at 31 May
2024
9.914
131,348
141,262
2,459
131,205
133,664
The statement of financial activities includes all gains and losses recognised In the year. All incom8 and expenditure
deriv8 from continuing activities.

MARROWBONE COMMUNITY ASSOCIATION
BALANCE SHEET
AS AT31 MAY2024
2024
2023
Notes
Flxed asset8
Tangible assets
Current assets
Cash at bank and in hand
11
446.788
459.273
49,206
33,260
Creditors: amounts falling due within
one year
12
{6,877)
{3,108)
Net current assets
42,329
30,152
Total a88ets less current IlabSlltles
489,117
489,425
Deferred income
13
{347,855)
(355,761)
Income funds
General reslrlcled funds
Revaluation reseNe
21,348
110,000
21,205
110,000
14
131,348
9,914
131,205
2,459
Unrestricted funds
141,262
133,664
The company is entitled to the exemption from the audit requirement contained in section 477 of Ihe Companies Act
2006, for the year ended 31 May 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Acl 2006
with respect lo accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of ils financial statements for Ihe year in questlon
in accordance with section 476.
These financial slatemenls have been prepared in accordance wlth the provisions applicable lo companies subject
to the small companies regime.
The financial statements were approved by the Directors on 28 February 2025
Ruairi Og O'connor
Director
Company Registration No. N1645803

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Accounting policies
Charity Informatlon
Marrowbone Community Association is a private company limited by guarantee incorporated in Northern
Ireland. The registered office is 11113 Gracehill Court, Belfast, BT14 7RG.
1.1 Accounting conventlon
The financial statements have been prepared in accordance with the charity's governing document, the
Companies Act 2006 and °Accounling and Reporting by Charities: Staternent of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing
from 1 January 20161. The charily is a Public Benefit Entiiy as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charitl8s applying FRS 102 Update Bulletin
1 nol 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 fin8nclal statements are rounded to the nearest £.
The financial statements have been prepared under the historieAI cosl convention. [modified to include the
revaluation of freehold properties and to include inveslment properties and certain financial instruments at fair
valuel. The principal accounting policies adopted are Set out below.
1.2 Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the dlrectors
continue to adopl the going concem basis of accounting in preparing the financial statements,
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the directors 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 lo specific conditions by donors Ihal Ihe capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any p8rformance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donatiorss 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 lax 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 othenKise if the charity has been notified of an impending distribulion,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Accounting pollcles
(Conlinued)
1.5 Expenditure
Expenditure is r8cognised once Ih8r8 is a legal or constructive oblSgatlon to transfer economic beneflt to
third party, il is probable Ihat a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expendllure is classified by 8Ctivily. The costs of each activity are mad8 up of the tot81 of direct costs and
shared costs, including support costs Involved In undertaking each acts'vity. 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 attribulable to a single activity are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff cnsts arR 8llocated on th8 ba8iG ol tlmo Spent, and
depreciatlon charges are allocated on the portion of Ihe asset's use.
Professional fees
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at Cost and subsequenlly measured at cost or valuation, net of
d8pr8ciation and any Smpairment losses.
250A straight line
Depreciation is recognised so as to write off the cost or valuation of assets over their useful lives on the
following bases..
Freehold land and buildings
Plant and equipment
Flxture5 and fittings
Computers
2010 Straight line
250/0 Straight lin8
25°/0 Straight line
250A straight line
The gain or loss arising on the disposal of an asset is determined as Ihe 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 flxed assets
At each reporting end date, the charity reviews the Carrying amounts of its tangible and intangible 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 eslimaled in order to delemiine the extent of the
impairment loss (if any).
1.8 Cash and Cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term Ilquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
Basi¢ financial assels
Basic financial assels, which include debtors and cash and bank balances, are initially measured at
Iransaction price including transaction costs and are subsequently carried 8t amortised cost using the effeclive
interest method unless the arrangement constitutes a finan¢lng transaction, where the transaction is
measured al the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable wilhin one year are not amortised.

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
A¢counling policies
(Continued)
Basic financial Ilabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financlng transaction, where the debt instrument Is measured at the present
value of the future payments discounted at a market rate of inlerest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently Carrled at amortised cost, using the effecllve interest rate method.
Trade creditors are obligations to pay for goods or services that have been a¢quir8d in the ordinary Course of
operations from suppliers. Amounts payable are classified as curr8nt liabilities if payment is due Wlthin nne
year or less. If not, they are presented as non-current liabilities. Traée creditors are recognSsed inltlally al
transaction price and subsequently m8asured at amortised cost using the effective interest method.
Derecognltlon of flnanclal Ilabllltles
Financial liabilities are derecognised when the charily's contractual obligations expire or are discharged or
cancelled.
1.9 Employee beneflt8
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
lo terminate the employrnent of an employee or to provide tem)inalion benefits.
Crltlcal accountlng astlmates and ludgement8
In the application of the charity's accounting policies, the directors are required to make judgements.
eslimales and assumptions about the carying amount of assets and liabilities that are not readily apparent
from other sources. The eslimales and associated assumptions are based on historical experien￿ and other
factors that are considered lo be relevant. Actual resulls may differ from these estimates.
The estimales and underlying assumptions are revlewed on an ongolng basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only thal
period. or in the period of the revision and future periods where the revision affects both current and future
periods.
Donations and legacies
Unreslri¢ted Restricted
funds
funds
Total
Total
2024
2024
2024
2023
Donations and gifts
Grants receivable
13,400
152,003
13,400
152,003
600
154,022
165.403
165,403
154,622
For the year ended 31 May 2023
600
154,022
154,622

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
Donations and legacies
(Continued)
Income from charitable activities
2024
2023
Rent and room hire
Less.. deferred income
27,346
7,906
36,173
7,906
35,252
44,079
Analysls by fund
Unreslricled funds
Restricted funds
27,346
7,906
36.173
7,906
35,252
44,079

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Charftable activities
Restricted Unrestricted
Fund
Fund
Expendlture Expenditure
Total
2024
Total
2023
2024
2024
Slaff costs
Depreciation and impairment
Heat & Light
Telephone & Intem8t
Postage. stationery & advertising
95.916
12,485
14,857
3,614
95,916
12,485
15,162
3,614
115,893
17,609
18,261
4,392
305
436
7.284
45,578
3,341
436
7,574
46,220
3,341
560
564
2,140
600
1,845
1,679
6,199
21,167
2,982
1,113
587
3,186
500
1,801
Repairs & maintenance
Programme expenses
Insurance
General expenses
Bank Charges
Leasing expenses
Committee Training
Tuck shop & catering
290
642
560
564
2,140
600
1,845
185,651
4,806
190,457
195,369
Share of govemance costs (see note 6)
2,600
2,600
2,600
185,651
7,406
193.057
197,969
Analysis by fund
Unrestricted funds
Restricled funds
12.485
173,166
7,406
19.891
173.166
35,699
162,270
185.651
7,406
193,057
197,969
For the year ended 31 May 2023
Unrestricted funds
Restricted funds
17,609
162,270
18,090
35.699
162,270
179,879
18,090
197,969
Support costs allocated to activities
2024
2023
Govemance costs
2,600
2,600
Analysed between:
Accountancy
2,600
2,600
10-

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl(crediting)'.
Depreciation of owned tangible fixed assets
12.485
17,610
Directors
None of the directors (or any persons connected with them> received any remuneration or benefits from the
charity during the year.
Employees
Th8 average monthly number of employees during th8 year was..
2024
Number
2023
Number
10
10
Employment CO818
2024
2023
Wages and salari8S
95,916
115.893
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneralion of key management personnel was as follows:
2024
2023
Aggregate compensation
57,713
54,450
10 Taxatlon
The charity is exempt from tsxation on its activities because all its income is applied for charitable purposes.
11

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
11 Tangible fixed assets
Freehold land
and buildlngs
Plant and Fixtures and
equipment
fittlngs
Computers
Total
Cost
At 1 June 2023
506.790
1,847
22,081
22,022
552,740
At 31 May 2024
506,790
1,847
22,081
22,022
552,740
Depreciatlon and impairment
At 1 June 2023
Oepre¢ialion charged in the year
52,879
10,136
1,385
462
17,562
1,508
21.641
381
93,467
12,485
At 31 May 2024
63,015
1,847
19,068
22,022
105.952
Carrying amount
At 31 May 2024
443,775
3.013
446,788
At 31 May 2023
453,911
462
4,519
381
459,273
12 Creditors: amounts falling due within one year
2024
2023
Accruals and d8ferred income
6,877
3,108
13 Government grants
Monies regarding the premises project is being managed by Belfast City Council (BCC) in agr8ement with
Marrowbone Community Association and DFC (the main funder).
Monies towards the project amounted to £395.290 in 2019 {DFC £161,758 and BCC £233,532).
This non-monetary grant is being accounted for by the accruals method for capital based grant. income.
Deferred income is included in the financial statements as follows:
2024
2023
Deferred income is included within..
Shown as deferred income on the face of the balance sheet
347,855
355,761
Movements in the year-.
12-

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
13 Government grants
{Continued
Deferred income al 1 June 2023
Released from previous periods
355,761
(7.906)
363,667
(7,906)
Deferred income al 31 May 2024
347.855
355,761
14 Re$trlcted funds
The restricted funds of the chariiy comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be us8d.
At 1 June
2023
Incomlng
resources
Resources
expended
At 31 May
2024
131,205
173.309
(173.1661
131.348
Previous year".
At 1 Jun•
2022
Incoming
resources
Resources
expended
At 31 May
2023
131,547
161,928
{162.270)
131,205
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
nol subj8cI 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 June
2023
Incomlng
resources
Resources
expended
At 31 May
2024
General funds
2,459
27,346
(19,891)
9,914
Previous year.
At 1 June
2022
Incoming
resources
Resources
expended
At 31 May
2023
Gener81 funds
1,385
36,773
(35,699)
2,459
13-

MARROWBONE COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
16 Analysis of net assets between funds
Unrestricted
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 May 2024:
Tangible assels
Current asselsl{liabllilies)
Provisions and deferred income
446.788
32,415
{347.855)
446,788
42,329
(347,855)
9,914
9,914
131.348
141.262
Unrestricted
funds
2023
Restrlcted
funds
2023
Total
2023
At 31 May 2023:
Tangible assets
Current assetsl(liabililies)
Provisions and deferred income
459,273
27,693
(355,761)
459,273
30,152
(355,761)
2,459
2,459
131.205
133,664
17 Related party transaction8
There were no disclosable related party transactions during the year.
14-