## Sion Mills Community Association 

Statement of Receipts and Payments For year ended 31% March 2025 

## Charity Number: 107755 

||Unrestricted|Restricted|Endowment|Endowment|Total|Last|
|---|---|---|---|---|---|---|
||Funds|Funds|Funds||Funds|Year|
||__|@)||@)|OM||
|Al Receipts|||||||
|Donations&Legacies||2,295|-|-||2,295|1,381|
|Grants||13,230|-|-||13,230|8,532|
|FundraisingActivities|905||||905|2,561|
|Al Subtotal|| 16,430||||16,430|12,474|
|A2AssetandInvestment|||||||
|Sales|||||||
|RoomHire|| 1,020|-|.||1,020|210|
|InsuranceReparation||0|||0|25,300|
|A2 Subtotal|1,020|0|||1,020|25,510|
|TotalReceipts|||||17,450|37,981|
|A3Payments|||||||
|Cost offundraising events|| 10,548||||10,728|12,029|
|Costoftravel events|397||||397|896|
|Governance costs|6,261||||6,278|14,229|
|A3 Subtotal|||||||
|TotalPayments|||||17,206|27,154|
|Netof Receipts/|||||244|10,830|
|Payments|||||||
|Transfer to/fromFund| -||-|-||||
|Surplus fortheyear|||||244|10,830|
|O<br>eb<br>Signature: \)-Heobov(|||<br>Sh<br>(“U4||A|rr||



## Salome Preston 

## Elaine Griffin 

Chairperson Date: ma 4") \ O26ra 

Secretary 2( | | 265i? 

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## Sion Mills Community Association 

## Statement of Assets and Liabilities 

## For year ended 31“ March 2024 

## Charity Number: 107755 

|Funds|Unrestricted|Restricted|Endowment|Total|Last Year|
|---|---|---|---|---|---|
|Reconciliation|Funds|Funds|Funds|Funds|(£)|
||Oo|©|OO|@||
|Cash atbank | 16,256|||-|16,256|5,366|
|and in hand||||||
|31.03.2023||||||
|Surplusfor|244|-|-|244|10,830|
|thisyear||||||
|Cash atbank | 16,500|||-|16,500|16,256|
|and in hand at||||||
|year end||||||
|Bank& Cash||||||
|Balance||||||
|Bank Account | 16,239||-|-|16,239|16,102|
|Cashin hand|261|-|-|261|94|
|Totals||-|-|16,500|16,256|
|OtherAssets||||||
|Equipment|7,106||-|-|7,106|6,990|
|Hall|90,000||-|-|90,000|90,000|



The accounts have been approved by the committee on 2] -() | -26 and signed on its behalf by: A A) | Signature: O IVECObon ( - Up\ . Salome Preston Elaine Griffin Chairperson Secretary 

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# Sion Mills Community Association 

## Notes to the Financial Statements 

## For year ended 31 March 2025 

## 1. 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 IFRS1 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 purpose, which do not amount to preconditions regarding entitlement, this income is included in incoming resources of restricted funds when received. 

## 1.3. Interest Receivable 

Interest is included on a receivables basis by the charity. 

## 1.4. Resources expended 

Resources expended are included in the Statement of Receipts and Payments 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 funds which are to be used in accordance with specific restrictions imposed by funders/donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charges against the specific fund. 

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## 1.6. Taxation 

The group is not registered for taxation purposes and there has been no tax charges arisen for the group for the year ended 31 March 2024. 

## 2. Fundraising 

The charity has raised funds through donations of £2,295 and fundraising of £905. 

## 3. Grant Income 

|Derry City& Strabane|£9,405|Programmes andRunning|
|---|---|---|
|District Council||Costs|
|Clear Grants|£3,825|Health andWellbeing|
|||Programmes|



## 4, Trustees emoluments 

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 is a registered charity with the Charity Commission for Northern Ireland since 16 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 term 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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