Cornpany Ymbcr.. NIOJ3477 Chaniy No.. 107634 FOUNTAIN STREET COMMUNITY DEVELOPMENT ASSOCIATION FINANCIAL STATEMENTS FOR THE I'EAR ENDED 31ST JANUARY 2024 FOUNTAIN STREET COM.MUNITY DEVELOPMENT A5SOCIATIOY CONTENTS Page Legal & Admini51raiive Inforn￿tion Tn￿tres. Repon Independeni Examiners. Repon Ststemeni of Financial Actlvllies Balance Sheei 10 Nloies io the Financial Siatemenrs Detailed Incom¢ and Exp¢nditure Accowit 18 Page12 FOU,YTAIN STREET COMMUNITY DEVELOPMENT ASSOCIATION LEGAL & ADillli%'lSTRATIVE IliFOELMATION Truste Mr John Carlin Ms Kanna Carlin Ms L￿n Maguirc Jay Mccauley Riona¢h Ui Dhaimhin Registcred orricc 41 Founiain Strcci Strdbani Co T￿ne Independent Examiner Gerdld kclly Kell) & Co 16 Patrick Stre Strabanc Co Tyrone BT8? 8DG Bankers First Trust Meadowbank Sirand Road BT48 Compan!'.%umber N1033477 Chariti. N'umber 107634 Page13 FOiiNTAIli STREET COMtrllUNITY DEVELOPMENT ASSOCIATION TRUSTEES, REPORT FOR THE I'EAR E)DED JI j￿￿'uARy 2024 The Tn15tees are pleased to present iheir annual report together ivtih the financial siaiemenls and ihe report of the independeni examiner for Ihe year ended 3151 January 2024. This is a charitable company limil¢d by guaraniec and accepted as a charity by HM Revenue artd Cu5Toms. Ob ectives 2nd Actlvities The th￿ily's aims to promoie the benefii of the inhabitants of Fourhtain Street and District area of Srrabane and lis enviTons u'iihout disiinclion olsex. raee or EK)lilical. rcligious or other opinions. The hariiy involv¢s various voluntsry and oth¢r organisailo￿ in a Common effort io. Telieve poverty. si¢kne5s and distress asstsi the disabled adN'an¢L education presen'e and proteci health to provide facilities in ihe interesis of social welfare for recrealion and le￿￿re lime occupation The ihatiiies main aciivi(ies ini'olv¢.' Educaiion and leatning programs Training & employmenr opporttlniiies Volunteer & work placements Youih engagernent prDjects Health education programs including ¢xercise classes. Cooking and awaren¢ss programs Social aciiviiie5 for families and th¢ elderly Physical renewal & eni ironmenthl in)provemenls All iofnmuniiy dei'clopmklli initiaii¥"e5 and praaices Achievements and Perforniance The ¢hariiy delii'ered the folloiving various workshops and other aciivitkes ihroughoul the year in order lo achieve its objeciives- Reminiscence Group lale & female Filness class¢s Calendar group Good relations project Communily Supw)n proje¢1 Womcn's wellb¢ing progrdmme Seasonal Youih Camp5 Dancc liS50ns lindfulness & Mediiaiion NLP programme Eni'ironmen¢al clean ups WinlLr hcJlih packs Halloween Creepy Camp Christmas Groito. Irish Dancing Irish language clas.les Irish Miisic lessons Page14 V.A FOUNTAIIY STREET COMMUNITY DEVELOPMENT ASSOCIATION TRLSTEES, REPORT ICOTr*TIN'UEDI FOR TFIE YE.IR E.IDED 31 JAINUARY 2024 Chrisrmas Dinner Disiribuiion lo locJl pensioners Communiiy vaccinalion clinic Birthday Party Fa¢iliiaiion Slay and Play Messy Play events Coffce Morning lo rdise fimds for local sick child and much more. Ve also delivered a raft of irainitL8 which incluth.d.. Child Proteciion Basic Food Hygiene First Aid & DefibrilIa￿r Paediairic First aid Fire Safely Health & safety Manual Handling. DFC & EA Youih Engagem¢nt project whith is based here also dclivered a nwnber of different progrdmmcs aimed at I I to 18yr old tbroughoul the Straban¢ area. Thesc included.. Drng & Alcohol Awareness M¢ntsl Health & Wellbeing Leadership Crime prcvention Healthy Eating Physical Fiines5 Communiiy Relations Outdoor ski115 Publ1¢ Benefit The objectives of the TNst as listed. The T￿$1 has considered the UK CEwity Commission's guidance ort public benefit and plans io ensure that it provide* public benefit and achieves its obJeciives as 5¢1 out in thc TrusV5 M¢mor8ndum and Anicles of Ass¢xiation. Structure Goi'ernance and Nlana etnent Governing Dotumetyt Fountain Street Communiry Developmeni Association is gov¢rn¢d by its Mcmorandum and Articles of Assoclation. Appointmeot ol Trllstee5 The Charity Trustces are also DirecloT5 of Ihe compaiiy. A Trustee is iiiitially elrfied by the Board In accordanc¢ wilh ihc Menioiandum and Articlcs of Association. In the financial year no neiv T￿￿teeS werc appointed and none resigned. The Board as a whole was approved by the AGM and conlinues lo moniior its membership. Organi5ation Th¢ Board olTrusi¢es whicli adminisicrs the Trnsi ￿￿ets throughoui the year as requircd. Pagc15 FOUYTAlkN STREET CoN1￿1vIlTy DEVELOP%IEYT A.5.SOCI.4TIOY TRUSTEES, REPORT ICO.%TINUF.D) FOR TEIE VE,KR ENDED 31 J.4N'IIARY 2024 Risk Review The managemcnt comiiiill¢¢ has conduct¢d its own r¢triew into ihe major risks to whiLh ihc ¢b3rity IS exposed. Sibmiticani exiernal risks io fundÉng have led to Ihe development of a strdiegic plan which will allow for Ilic diversificaiion of fvndino and aclivities. tnlcrnal risks are minimised by thc implementaiion of procedures for auihorisation of all transactions and proJeGS and (o ensure onsisteni quality of delivery for all 0[￿rational ￿peCL% of Ihc charitable company. Financial Review Tl)e Company retumcd a nel surplu5 in fijnds of £l?.93012023 - £36.06?) after other rccognised gains and losscs. The results for the year arc shoMTh in pages 8 10 18. ReseThes Polici. 11 Is ihe poli¢}. ol'ihe Charity thai unrestricied funds which have noi been designat¢d for a specific use should be mainthin¢d ai 3 lei'el M hich M'ill eTrsuTC Ihat. in the e%"ent ola sigiiificant drop in fvnding. IhLy ￿.%11 bl ablL to coniinuc Ihe chanry's ¢uTh"nl acliviiies whilL consLd¢raiion is givcn to ways in ,hLch ddditional fund5 Tnay be raised. This l¢vcl of funding has been maintained throu8houl th¢ year. The Trust aims to continue to increase r(xrves to ensur¢ the stability of ils S¢n'Lces. ¢mployrnent and eiervday operaiion5 of the organisaiion. Goin Concern The Trusiee5 have a reasonable expecration thai ihe Tr￿1 has adequate resourc¢s io continue in operational e.iisience for the foreseeable fuwre. Current Icvels of financial perfornianct by comparison with budgeted &xp¢ciations' . Coniinuing suppon from local bodies Accorditiglv, the TNst coniinues to adopt the going conccm b&8is of accoun(it)g in Preparing the a[￿ll31 financial stai¢ments. Inde endeni Exxminer5 A resoluiion for the reaPpO￿lMent of Gerald Kelly as Ind¢p¢n(kni Exarniner of ihe Trust is io be proposed ai the fonhcoming Annual Generdl Meeting. Pag¢16 FOUYTklIl STREET CO3IiIIUN'ITY DEVELOPIIEYT ASSOCIATIO. TRLSTEES. REPORT ICONTINUED} FOR THE I'E.4R ENDED 31 JA.YUARY 2024 Stattment of Tru5tees' Res on5ibililRes Thc TDJStees. who are also thc direcioTS of Fountain Strecl Community Development Association for Il)c purpose of cornpany laH'. ar¢ T¥sponsible foT P￿pann￿ Ihc TwstLYS' Repon and Ihc accounts in accordance wJLh Uniied Kingdoth Accouniing Standards IUnit¢d Kingdom Generally Accepted Accouniing Praetice). Compdny law TLqULres lh¢ TnJsiee5 to prepare a¢iounts for each fLn8ncial year ii,hich give a true and tair view of ihe 518ie of affairs of the chaTity and of its incoming resources and appli¢ation of r¢sources. inLluding the inconie and exp¢nditUT¢. of ihe chariiable company for ihai year. In Preparing the5¢ financial STatemenis. the tnLStees are required io= Seleil SULlabl¢ accouniing wlicies and apply them consistently- Obser%"e ihe rneihuds and principles In the Chanri¢s SORP: Mak¢ Judgements and accouniing esiimaies thai are r¢asonabl¢ and prud¢nt; and PrLparc the ac¢ounts on the ooing concern b&*is unle%s ti is inappropriat¢ io assume that thc company will coniinue on Ihat blsis. The ttustets are rcsponssble for kLLping adcqvaie accourttirtg records that are suffici¥nt 10 show and e.xplain the charity's iran5aciions and dI￿105e wilh r¢asonable a¢curdCy ai any lin￿ the fjnancial position of thc charity and Cnable theni 10 cn5ufL that ihe financial siatem¢Dts comply with the Companies Act ?006. They are also responsible foi saf¢guarding the 3sscts of Ihe ch3riry and hencc for takn'ng r¢2sonable si¢ps for ihe prcvenrion and d¢iec(ion of frdud and other iTtegulariries. Stalement of Disclosure ro Inde endent Examiner5 So far as (he Trusiees are aware. there is no relei?nl infom)ation of which the company's independenl ¢xarnsner5 are unaivar¢. .4ddiiionally. lh¢ TTusie¢5 have iaken all the nece55ary steps tha( Ihe). oughi io hai'e taken a5 Tru51ees in order to mak¢ ihemselves a￿.are of all relevant information and to establish that rhe company's independenl examiners are awar¢ of ihat infonnaiion. 15 r¢port was approi'ed by Ihe Boaid on and sigTrLd on 115 behalf by.. Ljnn Maguirc IDii¢¢ior) JDY M¢CJulLy IDiTeciorl Pagi17 F()LNTklliN STREET COIIIIIUNilTI' DEVELOPIIENT ASSOCIATION IN'DF.I)F.NDENT ExA￿ll￿F.Rs, RF.P()RT T() THF, mE￿1BF.Rs OF FOUINT,IiN.STREET CO.11.IJDN'ITY DEI"ELOPIIEN'T ASSOCIATION We r¢port on the accounts of Ihe company for the ycar tndd J 1st January 2024. which are 5¢1 oui on page5 8 10 16. ReJp¢¢iivt Re5pon5iblll￿e5 of Trustte5 *nd EsgmiDer Th¢ Trn5tees (who ai¢ also ihe direciors ofthe companv foT ihe purposes Ikf company lawl are responsible for tIIL Pl¢pJrdtsvn vl lh¢ acLouni% iii aciordaniu wilh th r¢quireni¢nlS orth¢ Cotrbpanigs Acl 9￿>6. Having %aiJsfied tsurselves Ihai Ihc thanly Js nol subjrfi io audii utxler company law and 1$ eligJbl¢ for Indcpendeni ¢xaminaiion. it Is our TespDnsibilily io". - ¢xamine th¢ accounls ￿￿ler se¢tioTh 65 of the Chariric5 Aci.. 10 follow proredures laid down the general dii¢clions £ii'en by the Chan"ty Commission lor Nonhern Irciand under section 6519llbl ofthe Chanti¢5 Aa- and io slate whcih¥r parii¢ular It￿llerS hair come 10 our aiieniion. B*$is olindepeTrdeni examiners. rtport We have cxamined your chanly accounrs as requLred undersecuon 65 of the Chanlies Aci and our exJmiDalion M'as carrjed out in aceDrdaoc¢ Wlth ihe general D￿¢(11905 8iYen bv thc Chariiy Co]nmi55ion for Northtrn lff land under seciitsn 6519xbl of the ChaTities ArL Tht examinati¢)n incl￿ded a revjew of the accountin¥ recoids kcpl by Ihe ¢harity and a comparison of th¢ Kcoufjts pr¢s¢nied wjth those r¢¢ords. It also includeit considmiion of any unusual ilurts or disclosures in the a¢¢ounts. and seeking ¢Kpiathations frorn you as chariry Irusic¢s Concerning at*y Such matte￿. Our rol¢ is ￿ s¢aie whether aDy maienal mallers have come to our attention giving us ¢aus¢ ro belitv¢'. l Thai a¢counting re¢ords w'ere not kw LTh accordance with s¢¢tion 386 of ihe Comparties Act 2006 2. Thai the accounts do noi accord wilh ihose records 3. That the 3CCOUTrTS do not COTnply with ihe accounling r¢quiTemenrs of section 396 0$ th¢ Companies Aci ?006 and with the methods and pnnciples of Ihe Chariiies StsiemeThi of Recotnmendcd Praclice applicable 10 ¢harities PFCP3ring their ac¢ounts ID actoid3ncc uith the Financial Reporting Standard applieable in the UK and Republic of [rela￿d. 4. Thal thcre is funher infonnaiion net(kd for a pw uknraodin8 of Ihe accouuts to be rtsched. Indeptndtllt tx*iniDer5' siatemeDT 't have corrxpleied our exam&Joiion arjd have no coneerns in respect of the matters I 1110141 IL51ed abov¢ and. iii cotme¢TiOD wjih lolloii'ing lh¢ Diiecrions ofihe Charity Commis5LOll for Nonhern Irelatld. we have no mallers ihal require drawin io your alleThiion. rald Kelly ALLountAnt 16 Patrick Srrccl Sirabanc Co TITonc Daied= Page18 FC)IIYTAI,Y .STREET COINl!IJU%ITY DEVELOPMENT ASSOCI.4TION STIlTF.P+l F.NT UTr FIN.4NCI..IL,%CTII'ITIF.S FOR TIIE I'EAR ENDED 31ST JAINL,ARI' 2024 Tor21 Funds TDig1 Fund5 Uortstiirted Fund5 Rt51ri¢ltd Trunds 2U24 2013 In¢ome (rom GTants and donations Deferred In¢ome Released 150.017 63.786 10.857 213,803 10.857 238.?94 10.857 Total Incoming resources 150.017 74.643 224.660 249.151 Re$outtes E¥pended Chariluble actii'iiics Inier¢s1 payabl¢ and similar char8¢S 213.089 137.087 74.643 211,730 Governance Costs Toial resources eipended 137,087 74.643 211,730 ?13.089 et In¢ome for the yearl -yet moi"ement In funds 12.930 12.930 i6.067 Fund b21ancts It I J2nuan 2Q23 85.813 85.813 49.750 Fund b*lance5 *f 31 Januan. 20?4 98.743 9&743 85.813 Th¢ siai¢m¢ni of financi31 activities includes all gaitis and losses Tecoenistd in Ihe >'ear. Ail income and e.xpendirure dcnve from ¢Oniinuing xliviiw The siaicmeni of financial aatvitiC5 also complics with Ihe require￿￿nts for an incomc and expcndiwre account undcr Ihe Companies Aci ?006 Pa¥e19 FOUYTAIII STREET CONINIUIYITY DEVELOPMENT ASSOCIATIOY BAL..IliCE SHEET AS AT 31STJA.NbARY 2024 2024 2023 r*ote Fixed Assets 309.484 323,760 Current Asset5 Cash ai Bank and In Hand 96.517 96.517 80.578 8n.578 Crtdi¢ors: Amounts falling due within one year Crediiors and Accruals 2J311 2.741 NET CURRENT ASSETS 94.186 77.837 TOT AL ASSETS LESS CURRENT LIABILITIES 403.670 401.597 Creditors: Amounts falling dut after more than one vear 1304,927) (315.784) NET ASSETS 98.743 85.813 Capit*l aDd Reserves L,nrestricred funds - general Restricred fihnds 98.743 8),813 98.743 85.813 The company is eniiiled io ihe exelnprion from the audii tequirement £oniained in seciion 477 of the Comp3nies .4cl ?006. for the year ended 31 Januar). ?0?4. N'o member of the company1￿8 deposited a notice. pursuani io section 476. reqtiiring an auth"t of thcs¢ ¥counts. The (rusrees, responsibilities for ensuring that Ihe chariiy keeps accouDting records ivhich ¢omplY with section 386 of the Act and for preparing accounts which give u trne and (air view of the siale of affaiT5 of the company as ai the end of the financial )'eaT and of its incoming r¢sotsrce5 and application of re50urccs. includinLJ Ils in¢0￿¢ and cipcndiiurc, for Ih¢ financial year in Jccordance ￿1th th¢ requirements of 5ection5 394 and 395 ond ivtll.ili oih¢Nis¢ ¥omply iviih ilie rcquir¢n)ents of the Companies Act ?on6 Tel21ing io accounts. so far as applicable lo the company. These accounis hatr'e been prepared in accordancc iviih Ihc proi'isions applicable to Cotnpanies subjccl to ihe small companics regim¢. The Financial Staiemenls were approved by the board on and signed on ILS behalf by.. Lynn Magjuire (Direclorl Jay Mccauley (Direcior Pag¢110 F()U.YI'AIN STREET COlI￿lI[.1,1Ty DEIIELOPIIENT ASSOCIATIOY .NOTES TO THE FIN.4NCIAL STATE,ME.NTS FOR TIIE YEAR ENDED 31STJANLIARY 2024 Aetoullting Policies Charil)" Informatson Fountain Strtti Conunuttity Dei'elopmeni.4ssociation is a priva1¢ company limited by guarantee in¢orporated in Nonhern I￿.land The rLgisiered office is 41 FouDiaiD Strrtt. Strabane. Co TyTone. The company is registered w.ith The Chariiy Commission for Northem Ire[￿d wilh thc Charity Number 107634. Accouotin8 Conventio The accounis have been prepared in accordattce wilh ihe chariiv's Memorandum and Articles of Association. thc Companic5 Act :.006 and 'Accouniing #nd Reponin8 by Charities= Siaiement of Rectsmmended Pnctice applicable to charities PTepJring iheir 8CCOUrtts in accordance with Financi21 Reporting Siandard applicabl¢ in the UK and Republi¢ of Ireland IFRS 1021"(as amended for accouniing periods commencin¥ from l January ?0161. The charity 15 a Public Benefit Entity &s defincd by FRS 102. The chariiy has taken adyanrage tsf the provisions in th¢ SORP foi charities applying FRS 102 Update Bulleiin I noi io prepare a S(aiement of Cash Flows. The accounts are prepared in sterling. which is the functional currency of ¢be Chariry. Monetsry arnounts In ihese financial statements are rounded to ihc nearest £. The accounts have been prepared under the histori¢al cost convention. modified io inclllde the revaluation of freehold properti¢s and to include invesimeni properti¢s and certain firtancial Instruments at fair value. The prin¢ipal accounting p)li¢ies adopied are sei Qui below. Going Coucern At ihc timc of appioving ¢hc accounts. Ihe iruslc¢s have a reasonable ¢xpe¢Lalion thai the chariiy has ad¢quaie resources 10 CODlinuc in operational ¢xisle￿< for tlie foresecable future. Thus Ihe ¢rustees ¢onlinue lo alknpi ihe going con¢¢rn basis of accounting in preparing the accounts. Charilable Fund5 Unie5tricied furbds arc availablc for use ai Ihe discreiion of th¢ inistL¢s in fijrtherance of Iheir charilabl¢ obj¢¢tii'e5 unless ilie fund￿ have b¢¢n deSLynaied for o¢h¢r purpos¢s. Resiricied fuiids arc subj¢¢t 10 specific condilivns by donors as io how ihe). may be uscd. The PUTposes and uses of th¢ rtsiricied funds arc s¢¢ Out in ihe noies io lh¢ account%. Pagil 11 FOU.YTAIN STRLET CONI.IIUNI"rY DEVELOP.ME.NT ASSOC.IATION Incoming Resour¢¢5 Income is reCO￿lsed H'h¢n ihe charity Is l¢gally cniiiled io li after any pcrfornwncc conditilins haN'e been met. the amounts can be measured rcliably. and it is probable ihai incom¢ will bc r¢ceived. Casli dondlions are r¢cognised on receipi. Other donations ale r￿ognised oncc ihe chaTI(y has been notilied of the donation. unless performance condirions Tequire deferral of Ihe amount. Income tax rttoverable in relation to donaiion5 received under Gift Aid or dttds of Covenant is r¢¢ognised at the lime of th¢ donation. Investment income represents bank interest receivable during ihe year_ TurnoN'er is mcasurcd ai the fair value of the considerdtion rec¢ived or rec¢ivable and represcnts amounis rcccivable for goods 2nd service5 provided in the norn)al COUTse of business. net of discounts. VAT and oihcr relaied tsxes. Re50UTces Expended Expendin]re is re¢ognised once there is a legal or constrnclive obligalÉon io make a paymenl lo a third pany. it is pmbable thai 5￿tlement will b¢ r¢quired and the amount of ihe obligation can be measured reliably. Expenditure on charitable aaiviiies includes the COSLS of s￿ViCeS und¢naken to furth¢r the PUTposes of the charity and Iheir a&wciaied support costs. Tangible Fixed Assets Tangible fixed assets are inltially Tneasured at cost and subs4uen¢ly measured ai Cost or valuaiion, net of depreciaiion and any impairniellt losses. Depreciation is r¢cognised so as io write off the cosi or valuation of assets l¢ss their residual value over their useful lives on the folloiviDg bases.. F￿¢hold$ Fixture5 and fittin85 20f*/. stni¥hi Line The gain or loss arising on the disposal ofao asset is deteTmTned as lh¢ dtffer¢nce bctween th¢ sales proceeds and the carrying i'ttlue of lh¥ &sset, and is recognised in Det income I Icxpenditurel for rhe year. Zmpaiment of Fixed Assets Ai each reponing dale. the chariiy reviLWS Ihe carrying amounts of its iangible fixed assets to dctermine H,heiher Ihcrc is any indication thai ihose assels have suffered an inipairni¢nl loss. If any such indicaiiotj Lxist5. Ihc rccovcrablc amount of ihc asset 15 cslinul¢d in urder to d¢i¢m]in¢ Ihc cxlenl olihc impairmcnt105s lifanyl. Intangible as5et5 Wlth ind¢finit¢ useful lives And iiilan¥Lbl¢ ass¢15 noi yet available for use ore tested for impairnienl annually. and whenever ihere 15 an Indication that the assei may be impaired. Page | 12 FOUINT,IlIN STREET COhll¥lLl*4lTY DEVELOPMENT ASSOCI.4TIO Cash and Cash EquivAlentx Ca511 and cash cquivalcnis includ¢ cash In hand deposiis h¢ld at all with banks. other short- i¢mi liquid investments with original maluriti¢s of thr¢e months or les5. and bank- ovcrdrafts. Bank o%'¢rdrafts are shown within hortow'ings in curTent liabilities. Flnancial Instrnments The chaniy has elecied to apply the provisions of Secrion I I 'Basic Fin8nci21 instrnmeDts' and Section 12 '0ther Financial Insiruments Issues of FRS 102 to ail of its financial insinlments. Financial tnstnunents are reco￿lSed in the chariry's balance sh¢¢r wh¢n th¢ ¢hanry beeome5 party 10 the contractual provisions of the instTumenl. Financial assets and liabilities are off%t. wirh the net amowits preseni¢d in th¢ financial statcments. when there is a legally enforceable riJtr t w sci off Ih¢ recognised amounts and thcrc is an ini¢Dtion lo s¢llle on a net basis or to r¢alise lh¢ ass¢t and 5eltle the liabiliry simulianeously. B￿lefInanCial 45sets Basic finartcial asseis. which include debtOTS and cash and bank b8lanc¢s are iniiially measured at trarLsaciion price including tran&￿110￿ costs and are subsequenily CWTied at amortised cosi using ihe effective Interest meih(rfl unless the aJTdngement consiiwies a financing transaction. ￿-here ihe transaciion is measured at the present value of the future receipts discounTed at a market rare of int¢rest. Financial ￿setS c1&5sified as rcccivable within one year are not amortised. B￿l¢fInancIal liabililies Basic financial liabilities. in¢l￿ding crcdiiors and bank-102ns are initially r¢cosrnised at transaciion price unless the arrangement constsNies a financing uansaction, where the debt instrument is measured ai the preseni i'alu¢ of the futurc paymei?ts discounted tht a markel rat¢ of inierest. Financial liabilities classified a5 Poyable witbin one year are not amoffised. Debt instruments are subsequently carried ai amortised ¢ost. using ihe effeciiit in¢eresl rate metho Trade creditors are obligations io pay for goods or serYic¢s that have been acquired in th¢ ordinary ¢ourse of operaiions from sllppliews. Amounis payable are classified as current liabilities if paymcnt is due within one year or1¢$5. If nol. they presenied as non8 211.730 213.089 Trustees None of ihe iru5te¢s (or any persons ¢onnected with them) received any remuneration or benefits fmm lh¢ chariiy during ihe year. Ernployee5 Number of emplovees The average monthly number of employees during the year was.. 2024 Number 2023 i umber Employees Employment Cfj5ts 2024 2023 Wages and Salaries 121.149 131.628 Pagel 15 F()UNT*llN'.STREET coll1￿]￿NITI, DEVELOP.NIENT ASSOCIATION Tanglble *5SCts L#nd and Fixtures. buildings rittings and Ireehold equipment TotAI C05t At l February 20?3 Additions 542.879 92.013 4.512 634.892 4.512 At 31 January 20?4 542.879 96.5?5 639.404 Deprec13tion AI l FLbruary 2023 Charge for the financial year 238,842 311.132 18.788 10.858 7.930 At 31 January 2024 249.700 80,?20 329.920 P4et book value Ai 31 January ?0?4 293.179 16JOS 309.484 At 31 January 20?3 304.037 19.273 323.760 Creditors: Amounts falling due w'ithin one vear 2024 2023 PAYE Tax Aocruals 1.707 6?4 2.177 564 ?.741 Crcdilors: Amounts falling due after mDre thatt ODe l'ear 2024 2023 Deferred Creditors - Capital Granls (Noie 101 304.9?7 315.784 Pagcl 16 FOLINT,IIN .STRF.F.T CC)IINIUNITY DEVELOPMENT ASSOCIATION io. Deferred Income- Capit21 Grant$ D.O.E DHSS Strab4ne District Council 2024 Total 2023 Totgl Opening Bal RelLased in yr 199.784 87,000 (6,857) (3.000) 29,000 315,784 326.641 (10.857) {10,857) Dcfctred in )T Closing Bal Taxation The ¢haniable company is CX¢Tnpi from corporation tax on its charitable activiti¢S. 12. Relat¢d Part). Transaclions Ther¢ were no disclosable r¢laied party transaciions durirtg the year12023 - £nill. Pagcl 17 FOUNT,IIP* .STREEI' CO%INlliNITY DEVELOPIIENT ASSOCIATIO DetaSlL.d Incom¢ and ExpendlturE Accounl Tot#1 2024 Totxl 2023 Doriaiioiis and gitls LSL of facililies tsnd rental incoTh¢ Departmeni for CoTnmunities S15ters ol. Mercy Educa(IDn Auihoriiy Long lerm Ytsu(hs Projects park Co-operation Ireland Kecp Nl wiiscr Loiiery Kaihle¢n Graham Trust Dery and Strabane Disirici Council 11.626 9.075 46.464 5.1)00 35.381 10.108 46.854 10,000 16.332 938 100.689 85.8?7 4.70 28.27? 29.121 D¢ferred Income Released 10.857 10.857 224.660 249.151 2024 2023 Wages Training Raies tnsutane¥ Light & Heat Repairs & Mi ainienance Stationery Advenising Telephon¢ Hire of Equipment Pannership Funding A¥lii li), EKpen5es Legal and professional Accounrancy Bank Charges Charitable Donaiions Subscriptions Depreciaiion of fixiures and fiiiings DepreLi¢lTiOII 121.149 2.593 1,018 131.628 2.105 1.056 3.335 13,845 16.574 11.378 2.821 2.500 1.706 900 3.094 2.500 1.402 630 26.308 20.?63 1.602 598 .602 452 100 541 431 7.930 10.858 711,730 10.858 213.089 SurplusllDefJcit) for the year 36.062 Page | 18 FOUNTAIN STREET CUllillU.N'i'rY DEI,"ELOP.%IENT ASSOCIATION Pagel 19