Company Numbet.. N1033477 Charity No.. 107634 FOUNTAIN STREET COMNWNITY DEVELOPMENT ASSOCIATIOIY FINANCIAL STATEMENTS FOR THEI YEAR ENDED 31ST JANUARY 2025 FOUNTAIN STREI ET COMNIUNITY DEI Vli LOPMEI NT ASSOCIATION COIYTENTS Page Legal & Administrative tnf.ormation Trustees, Report Independent Examiners, Report Statement of Financial Acti.vities Balance Sheet 10 Notes to the Financial Statements 11-17 Detailed Incoine and EXpenditi￿e Account 18 Page12 UNTAIN STREET COMMUNITY DEI VEI LOPMCNT ASSOCIATION LEGAL & ADMINISTRATIVE I￿FoR11￿ATI0N Trustees Mr John Carlin Ms Karina C&rlin Ms Lynn Maguire Jay Mccauley Rionacli Ui Dhaimhin Registered Office 41 Fountain Street StrEtbane Co Tyrone Independent Examlner Gerald Kelly Kelly & Co 16 Patrick Street Strab￿le Co Tyrone BT82 8DG Banliers AIB Meadowbank Strand Road BT48 Company Number N1033477 Charity Number 107634 Page13 FOUNTAIN STREEI T COMMUNITY DEVEI L PMENT ASSOCLITION TRUSTEI ES, REPORT FOR THE YEI AR ENDED 31 JANUARY 2025 The Trustees are pleased to present their annual report together with tlie financial statements and the report of tlie independent examiner for the year end¢d 3 1st January 2025. This is a charitable company limited by guarantee and accepted as a charity by HM Revenue and Customs, Ob ectives an Activities The chrrity's aims to promote th¢ benefit of tlie inhabitallts of FoLintain Street and District area of Strabane and its environs witliout distinction of sex, race or political, religious or other opinions, The charity involves various voluntsry and other organisations in a common effort to: relieve poverty, sickness and distress assist the disabled advance educatÉon preSe￿e and protect health to provide Facilities in the interests of social welfare for recTeation and leisure time occupation The charities tnain activities involve: Education and learning programs Training & employment opportunities Volimteer & WOTIC placements Youth engagement projects Health education prO￿arnS inclLiding exercise ¢lasses, cooking and awareness programs Social activities for fainilies and tlie elderly Physical renewal & environinental improveinents All community development iiiitiatives ￿ld practices Achievements and Performance The clwity delivered the following various worl(shops and other activities throughout the year ill order lo achieve its objectives.. Reininiscence Group Male & female Fitlless cla8ses Calendar group Good relations project Community Siipport project Women's wellbeiiig progr8mme Seasonal Youth Cau]ps Dance lessons Mindfulness & Meditation NLP programine Environmental clean lips Winter health pa¢l(s 14allow¢en Creepy Camp Christmas Grotto, Irisli Dancing Irisli language classes Irisli Music lessons Page14 FOUNTAIN STREET COMMU1￿y DEVELOPMENT ASS CIATION TRUSTEI ESI REI PORT (CONTILYUED) FOR THE YLI AR ENDED 31 JANUARY 2025 Christmas Dinner Distribution to l.ocal pensioners CommunTty vaccination. cli.nie Birtliday Paty Facilitation Stay and Play Messy Play events Coffee Morning to raise funds for local si¢li child ￿ld much inore. We also delivered a raft of training which incliided., Child Protection Basic Food Hygiene First Aid & Defibrillator Paedialric First aid Fire Safety Health & safety Maiiual Handling. DFC & EA Youtli Engagement project which is based liere has also delivered a niimber of different programines aimcd at I I to 18yr old tliroughout tlie Strabane area, These included: Drug & Alcohol Awareness Mental Healtli & Wellbeing Leaderslyp Criine prevention Healthy Eating Physical Fitness cornm￿￿ty Relations Outdoor skills Public Bellefit The objectives of the Tnjst are as listed. Tlie TrL￿t has considered the UK Charity Commission's guidance on piiblic benefit and plans to ensure tIMt it provides public benefit and achieves its objectives as set oul in die Trusl's Memorandurn and Articles of Association. Structur Governance and Mana ement Governing Document Fountain Street Coinmuiiity Developinent Association is governed by its MemoranduLn and Articles of As30ciation. Appointment of Trllstees Tl)e Charity Triistees are also DirecLoTS of the company, A Tnistee is initially elected by the Board in accordance with the meMorand￿n ￿la Articles of Association. In the financial year iio iiew Trustees were appointed and none resigned. The Board &8 a whole was approved by the AGM and continues to monitor its mernbership. Organisation The Board of Trustees which adininistaB the T￿￿t meets tlvoiighout the year as required. Page15 FOUNTAIN STREET COMMUNITY DEI VELOPMENT ASSOCLATION TRUSTEES, REPORT (coiYfiNUED) FOR YEAR ENDED 31 JANUARY 2025 Risk Review The Inanagement committee lias conducted its own review into the major rlsks to which the charity is exposed. Significant external risl(s to funding have led to the development of a strategio plan which will allow for tlie diversification of funding and activities. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensiire onsistent qi￿lty of delivery for all operationa] aspects of the challtable company. Finalleial Review The Company returned a net deficit in funds of £ (881) (2024 - £12,930) after other recognised gains and losses, Tlie results for the year are shown in pages 8 to l 8. Reserves Polic It is the policy of the charily tliat iinrestrioted funds whicli have not been designated for a specific use sliould be Jnaintaiiied at a level which will ensure that, in the event of a Si￿lfIcallt drop in fundin tliey wiIl be able to continue tlie charity's ourrent activities while consideration is given to ways in which addilional funds may be raised. This level of funding has been maintained throughout the year. The Trust aims to continue to increase reserves to ensure the stability of its services, employment and everyday operations of the organisation. Gofin Concern The Trustees have a reasonable expectation that the Trust has adeqiiate resources to contiiiue in operational existence for the foreseeable future, Curreiit levels of fill2￿CIal performaiice by comparison with budgeted expectations. • Continuing siipport from local bodtes Accordingly, the TrL￿t continues to adopt the going cot]cern basis of accoimting in prepating the annual fin￿l.¢IaL statements. Inde endent Ei xaminers A resolution for the reappoinlment of Gerald Kel]y ￿ Independent Examiner of the TrLlSt is to be proposed at the forthcoming Annual General Meeting. Page16 FOUNTAIN STREET COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEII Sl REPORT (CONTINUED) FOR THE YEAR ENDEI D 31 JANUARY 2025 Statenien of Trusteesl Res onsibllities The Trustees, who are also the directors of Fountain Street Community D¢velopment Association for tli¢ purpose of company law, are responsible for preparing the Trustees, Report and the accounts in accordance widi United Kingdoin Accounting Standards (United Kingdom Generally Accepted Accounting Practic¢), Company law reqiiires the Trustees to prepare accounts for eacli financial year which give a true 8thd fair view of the state of affairs of the cliarity and of its incoming resources alld application of resources, illcluding the income and oxpenditure, of the charitable coinpany for that year, In preparing thes¢ fmencia] stateinents, the trustees are required to,, Select suitable acc(Junting policies and apply them consistently. Observe tlie methods and principles in the Clwities SORP. Make judgements and accountiiig estimates tliat are reasonable and prudent. and Prepare the accounts on the going concern basis Linless it is inappropriate to assume that the company will continue on that basis. The trustees are responsible for I￿ping adequat¢ accounting records that are sufficient to show and explain tlie charity's Irallsactioi￿ and disclose with reasonable accur&cy at any tirne the finanoial position of the charity and enable them to ensure tliat the financial statements comply with the Companies Act 2006. They kwe also responsible for safoguarding the assets of tlie charity and hence f()r taking reasonable steps for tlie prevention and dekctson of fraud and other irregularities. Statsment of Disclosure to Inde endent Examiners So far as the Trustees are dware, there is no relev￿lt information of which the company's independent eX￿nin.¢￿S are unaware. Additionally, the Trustees have talcen all tlie necessary steps tl]at they oughl to have taken as Trustees in order to make themselves aware of all relevant information and to establish thal die compally's i.ndependent examiners are awaTe of that information. report was ap roved by the Board on 26 os sign on its behalf by: Lynn M.aguire (Director) John Carlin (Director) Page17 FOUNTAIN STREET COMMUNITY DEVELOPMENT ASSOCIATION INDEPENDENT EXAMINERS, REPORT TO THE IKEIVIBERS OF OUNTAIN STREET COMMUNITY DEVLLOPMEI NT ASSOCIATION We report on the accounts of the cornpany for the year ended 3 1st January 2025, which are set out on pv4ges 8 to 16. Respeetive Responsibilities of Trustees and ExAmlner The Trustees (who are also the dir¢thorg of the company for the purpose8 of wmpany law) are responsible for the preparation of the accounts in ￿¢OrdancE with the requirements of the Companies knt 2006. Having satisfied ou￿elY¢S that the charity is not subject to audit under Qompany law and is eligible for independent examination, it is our responsibility to,. - examine the acoounts under section 65 of the Charities knt. - to follow procedures laid down in the gelle￿ aireotions given by the Chwity Commission for Northern Irelwd under section 65(9)(b) of the Charities Aot; and - to stats whether partioular illatter5 have come to our attention. BASIS of llldependent exRmRners' report We hav¢ examined your charity accounts as required under s¢¢tion 65 of the ChariÉi¢5 Act and our exatnination was carried out in aocordanc¢ with the geiiernl Directtons given by the Charity CoinmiBsion for Northern Ireland under section 65(9)(b) of the Charities Act, Th6 exaniination included a review of the a¢coELllting recor￿ Icept by the Charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanation8 from you as clw'ity trustees concerlling any such matters. Our role is to stats whether any material matters have come to our att¢tttion giving us oause to believe: l. That accounting records were not kept in accord￿1￿C with section 386 of the Companies Aot 2006 2. Thal the accounts do not accord with those r¢cords 3. That the accounts do not comply with the accountiiig requirements of s¢¢tion 396 of the Companies Act 2006 and with the methods alld principles of the Charit165 Statement of Recommended Practice appli¢abl¢ to Gharities preparing their accounts in accordance with tb¢ Finan¢i&l Reporting Standtwd applicable in the UK and Republic ofIreland. 4. That there is further information npKd¢d for a pmper understanding of the accounts to b¢ r¢ached. Independent exAmlnei's' statement We have completed our examination and have no Concerns in respect of the lliattei's (l) to (4) listed above and, in cotmection wlth followiJ)g the Directions of the Charity Commission for Northern Ireland, we hav¢ found no matters that require dra g I'o your attention. ¢￿Id Kelly Accountant 16 Patt'ick Streit Stt'abane Co Tyrone Dated: 18" June 2025 Page18 FOUNTAIN STREET COMMUNITY DEVKLOPMENT ASSOCIATION STAT]EMtI NT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JANUARY 2025 Ttstsl Funds 2025 Total Ilunds 2024 Unrestricted Funds R¢stricte Funds Income from Grnnts and donations Deferred In￿me Released Other 108,320 59,146 10,857 167,466 10,8S7 3,420 213,803 10,857 3,420 TotAI Ineomlng resources 111,740 70,003 181,743 224,66D Resources Expended Charitable activitieB lJt¢rest payable and similar ¢harg¢s 112,621 70,003 182,624 211,730 Governance Costs Total r￿OUrceS expended 11.2,621 70,003 182,624 211,730 Net Income for the yearl Net movement in funds (881) (881) 12,930 Fund ballnces at I February 2024 98,743 98,743 98,743 Fund bAlances at 31 January 202S 97,862 97,862 97,862 The slatement of fman¢iv41 activities includes all gain5 and losses recognised in the year. All income and expenditure derive from continuing a¢tivities, The statsment of financial activities also coinplies wtt]i tho requirements for an ii)come and expenditure account under the Conipanies Act 2006, Page19 FOUNTAIN STREET COMMUNITY DEVELOPMENT ASSOCIATION BALANCE SHEET AS AT 31ST JANUARY 2025 2025 2024 Nots Flxed Assets 308,442 309,484 Current Assets Cash at Bank and in Hand 84,288 96,517 Creditors: Amount8 falling due within one year Creditors and A¢¢n￿[S 798 2,331 NET CURRENT ASSETS 94,186 TOTAL ASSETS LESS CURRENT LIABILITIES 39.I,932 403,670 Creditors: Amounts falling due after more than one year io 294,070 304,927 ET ASSETS 97,862 98,743 Capital and Reserves Unrestricted funds - g¢neral Restricted funds 97,862 98,743 97,862 98,743 The company is entitled to tlie exemption from tlie audit requirement conlained in section 477 O'f the Cornpanies Act 2006, for the year CLided 31 January 2025. No member of the company has deposited a notice, piirsuant to section 476, requiiing an audit of these accoLints. The trustees, responsibilities foT ensuring that the Clwily keeps accounting records which comply with section 386 of the Act and for preparing accouiits whicli give a trLi¢ and fair view of tlie state of affairs of tlie company as at the end of the finaiicial year and of its incoming resources and application of resources, including its incoine and expenditUTe, for the financial year in accordEmce with th¢ requiremeiits of sections 394 and 395 and which othenvise comply with ilie requirements of t.he Companies Act 2006 relaling to accounts, so far as applicable to tlie company. These accouiits have been Prepared in accordance wilh the provisioiis applicable to coinpanies subject to the sinall companies regime. inancial Statements were approved by the board on and signed on its behalf by,, Maguire (Dii'cctor) John Carlin (I)irector) Page | 10 FOUNTAIN STREET COMMUNITY DEVELOPMEI NT ASSOCIATION NOTES TO THEI FINANCLAL STATEMENTS FOR THEI YEI AR ENDED 31ST JANUARY 2025 Accounting Polfieles Charlty Information Fountain Street Commullity Development Association is a private company limited by giiarantee incorporated in Northern Ireland, The registered offioe is 41 Fountain Stree¢ Straban¢, Co Tyrone. The company is registered with Tlie Charity Commission for Northorn Ireland with the Cliarity Nillnber 107634. Aceountlng Convention The accounts Iiave been prepared in acoordance with die charity's fvlemorandum and Articl¢s of Association, the Compani¢s Act 2006 and Accounting and Reporting by Charities: Statement of R¢commended Practice applicable to chaTiti¢s preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"(as amended for accounting periods cominencing from l January 2016). T]Je charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of t11.e provisions in. tlie SORP for oharities applying FRS 102 Update Bulletin I not to prepare a Statement of C&sh Flows, Tlie accounts are prepared in st¢rlin& which is the ftinctional currency of the charity. Monetary amouiits in these financial statem¢nts are rounded to the nearest £, The accounts have been prepared linder tlie historical cost convention, modified to include the Tcvaluation of freehold properti¢s and to include investmcnl properties and certain financial instruments at fair value. The principal accoiinting policies adopted are set out below. Gofing Collcern At the tiine of approving the accounts, the trustees have & reasoiiable expectation that tbe charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees coiitinue to adopt the going ¢onceiTA basis of accounting in preparing the accowits. Charitable Funds Unrestricted funds are available for use at the discretion of the trustees iii furtherance O'F their clwitable objectives unless the funds have been designated for other piirposes. Restricted funds are subject to specific conditions by donors as to how they may b¢ used. Tlie purposes and uses of the regtricted funds are set oiit in the notes to the accounts. Pagelll FOUNTAIN STREET COMMUNITY DEVELOPMENT ASSOCIATION Incomfing Resources Income is recognised when the oharity is legally entitled to it after any performance onditions 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 ctLarity has been notified of the donatio￿ unless perfornjance conditions require deferral of the aillount. Incoine tax recoverable in relation. to donations received under Gift Aid or deeds of Covenant is recognised at the time of tbe donation, Investment income represents bank interest Teceivable during the year. Turnover is ineasured at tlie fair Y￿lle of the consideration received or receivable and represents amounts reoeivable for goods and services provided in the normal cowse of busin¢ss, net of discounts, VAT and other related taxes. Resources Ei xpended Expenditure is recognised once there is a legal or Qonstrwtive obligation to make a payment to a third party, it is probable that settlein¢nt will be required and the amount of the obligation can be measured reliably, ExpenditUTe on charitable activities includ¢s the costs of services undertak¢n to further the puyposes of the charity and their associated support costs. Tangible Fixed Assets Tangible fixed assets are initially rneasl￿ed at cost and subsequently measured at cost or valuation, iiet of depreciation and any impairment losses. Depreciation is recogLiised so as to write off tlie cost or valuation of assets less tjieir residual value over their useful lives on the following b￿e3. Freeholds Fixtures and fittings 20/0 StraigJ]t Line 200/0 Straighl Line The gain or loss arising on the disposal of an asset is delermined as the difference belween tlie sales proceeds and tlie carrying valiie of the asseL kmd is reco￿]18ed in net income / (expenditure) for the year. Impairment of Fixed Assets At each reporting date, the Charity reviews the Carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impair￿ent loss. If Elly siich indication exists, tlie recoverable ainount of the asset is estimated in order to determine the extent of tlie impairinent loss (if any), Intangible assets with indefiiiite iiseful lives and intangible assets Dot yet available for use are tested for impairment annually, and whenever tliere is an indication that the asset may be impaired. Page | 12 FOUNTAIN STRII ET COMMUNrrY DEVELOPMLNT ASSOCIATI Cash and Cash quivalents Cash and cath equivalents in¢liide cash in han(L deposits lield at call with banl