2023-03-31-accounts

Sion Mills Community Association Statement of Receipts and Payments For year ended 31" March 2023 Charity Number: 107755 Unrestricte d Funds Restricte Endowment d Funds Funds Total Funds Last Year Al Receipls Donations & Legacies Grants Fundraising Activities Al Subtotal A2 Asset and Inveslment Sales Room Hire 220 6,150 4,562 220 16,338 10,188 21.120 380 380 A2 Subtotal Total Receipts 11,312 10,188 380 21,500 A3 Payments Cost offundraising events 9788 9,788 Cost of travel events 4006 4,006 Governance costs A3 Subtotal Total Payments Net of Receiptsl Payments Transfer tolfrom Fund Surplus for the year 4,479 4,479 18,273 3,227 SRgnature: Salome Preston Elaine Griffin Chairperson Secretary Date: 2-09-23 .13

Sion Mills Community Association Statement of Assets and Liabilities For year ended 31" March 2023 Charity Number: 107755 Funds Unrestricte Restricted Endowmen Reconciliatio d Funds Funds t Funds Total Funds Last Year Cash al bank and in hand I 31.03.20221 Surplusfor this year Cash at bank and in hand atyear end 2,139 3,227 3,227 5,366 5,366 Bank & Cash Balance BankAccount Cash in hand Totals 5,346 20 5,366 5,346 20 5,366 Other Assets Equipment 6,000 Hall 90,000 6,000 90,000 The accounts have been approved by the committee on its behalf by: zi-q .13 and SI￿]ed on Signature: Salome Preston Elaine Griffin Chairperson Secretary 10

Sion Mills Community Association Notes to the Financial Statements For year ended 31" March 2023 l. Accounting Policies 1.1. Accounting convention The financial statements are prepared under the historical cost convention and are prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (issued March 2005). The charity has taken advantage of the exemption in FRS l from the requirement to produce a cashflow statement because it is a small charity. 1.2. Income resources Income from donations, fundraising and grants is included in incoming resources when these are received. When donors specify that donations and grants are for a particular restricted pu￿OSe, which do not amount to preconditions regarding entitlement, this income is included in incorning resources of restricted funds when received. 1.3. Interest Receivable Interest is included on a receivablesbasis by the charity. 1.4. Resources expended Resources expended are included in thc Statement of Reccipts and Paymcnts on a payables basis. 1.5. Fund accounting Unrestricted funds relate to general funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are fvnds which are to be used in accordance with specific restrictions imposed by funders/donors or which have been raised by the charity for particular pU￿oses. The cost of raising and administering such funds are charges against the specific fund. 1.6. Taxation The group is not registered foT taxation PUTposes and there has been no tax charges arisen for the group for the year ended 31 March 2023. 11

1. Fundraising The charity has raised funds through donations of £220 and fundraising of £4,562.
2. Grant Income Funder Derry City & Strabane District Council Public Health Agency Amount £7,045 Purpose Core costs and Pro amme Activi Christmas Programme of Classes and Fun Da Senior ro ramrnes Cost of living Grant towards electric etc. Youth Tri £3,143 Halifax Foundation NI Power Nl £3,950 £600 Kathleen Trust
3. Trustees emoluments £1,600 The trustees neither received nor waived any emolument during the year.
4. Financial commitments The charity has no financial commitments at present.
5. Transaction with trustees The trustees attend meetings and carry out the business of the charity on a voluntary basis.
6. Charity Commission for Northern Ireland Sion Mills Community Association s a registered charity with the Charity Commission for Northern Ireland since 16Eh August 2021 under registration number 107755.
7. Going Concern In common with all community groups in Northern Ireland, the group continues to experience difficulties in securing long tern] funding. However, in view of the grants awarded and with volunteer support, the trustees are confident that the group can continue its activities and are therefore satisfied that it is appropriate for the financial statements to be prepared on a going concern basis. 12