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
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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.
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2. Fundraising
The charity has raised funds through donations of £220 and fundraising of £4,562.
3. 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
4. Trustees emoluments
£1,600
The trustees neither received nor waived any emolument during the year.
5. Financial commitments
The charity has no financial commitments at present.
6. Transaction with trustees
The trustees attend meetings and carry out the business of the charity on a voluntary
basis.
7. 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.
8. 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.
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