REGISTERED COMPANY NUMBER: N16Ub737 [iNDrtnErn ireraa). REGISTERED CHARITY NUMBER: NIA ort of the Trustees and Unaudited Fiiiaiicial Statcinents for the Year Ended 31 March 2023 for Ma hiibe Cotntnuni Association ASC Wylie UBU Ltd Qualified Accountants, Tax & Business Advisors 7 Lisburn Street Royal Hillsborough Co. Down BT26 6AB
haber Cominunit Association Contcnls of tlie Financial Stateinents for the Year Ended 31 March 2023 Page Report of the Tivstees Tndeiieiident Exaiiiiner's Report Slatcmeiit of Financial Activities Balancc Sheet Notes to tlie Finaiicial Statements 7 to 13 Delai led Statemeiit of Fiiiancial Activities 14
abe Association ort of the TnteeS for the Year Ended 31 March 2023 The trustees who are also directors of the charity for th¢ purposes of the Companies Act 2006, present their report with the fmancial statements of thc charity for the year ended 31 March 2023. The tru5t¢cs have adopted the provisions of Accounting and Reporting by Charities.. Statement of Reconllnended Practice applicable to charities preparing thcir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelatid (FRS 102) (effectivc l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims To provide facilities and amenities in the interests of social welfare for recreation and other leisure time occupations, to advance education and incre&se physical and mental wellbeing with the object of in]proving the conditions of life for the residents of Maghaberry. Public benefIt The directors have given this consideration and will adhere to the Charity Conllnission for Northern Ireland's guidance on public benefit. ACHIEVEMEiYf AND PERFORMANCE Charitable activities Maghabeny Community Association follow diiection on the aims set out in the Community d¢v¢lopment plan. We continually provide trainiJ]g to our volunteers and th¢ residents of Maghabeny to enable us to deliver clubs and activities throughout the year to the highest possible standard that adhere to the guidelines set out in our policies and procedures. After school clubs, youth club, gardening club. Over 50s club and Parent and Toddler 0Up are aIl delivercd weeldy by volunteers and ar¢ primarily aimed to reduce isolation and increasing community cohcsion. This year has thown a recovery from the loss in footfall recorded over the pandemic. We are now achieving the same footfaIl as prc covid times. FINANCIAL REVIEW Financial position The directors have comprehensive fanCIal procedures in place for the income and expenditure of the Maghaberry Community Association. The Accounts will be prepared by an appointed Indcpendent Examiner each year to 31 st March. During the rUent period there was a deficit of (£11751) in the previous year there was a deficit {£4.975). The balan¢¢ in reservcs at the y¢ar end included £50,000 which is designated funds. FUTURE PLANS Maghaberry Community Association plan to continu¢ with a schedule of activities and to build upon the succ¢ss enjoyed in previous years. Page I
abe Communi Association ort of the Trustees f r the Year Ended 31 Nlarch 2023 STRUCTURE, GOVERNANCE AND MANAGEMENr Governing document The charity was established in 2005 and completed registration with the Charity Commission on 28th S¢ptember 2020. The Con]mittee of 12 n]cmbers wbj'ch are all residents of the local community are elected annually at an Annual General Meeting which takes place no Iater than 18 months from the previous AGM. The committee consists of Chairpersoffj Treasurer. secretsry and committee members who hold their position until they stand down or are requested to stand down. Maghaberry Community Centre follow strict guidelines which are clearly set out in our Policies and Procedur¢s. REFERENCE AND ADMll¥ISIRATIVE DETAILS Registered Company num ber N1606737 (Northern Ireland) Registered Charity number NIA Registered office 18 MaJabetry Road Maghabeny Lisburn Antrim BT67 OJG Trustees Mrs O Hunter Ms H Reddick SB Reddick Company Secretary Mrs O Hunter Independent Examiner ASC Wylie UBU Ltd Qualified Accountants, Tax & Businc55 Advisors 7 Lisbum Stre¢t Royal Hi11sborough Co. Down BT26 6AB Approved by ord¢r of thc board of trustces on....... ..................................... and si]ed0n its behalf by". Ms H Reddick - Trustee Page 2
tnde endent Examinegs R ort to the Trustees of habe Communi Association I r¢port on the accounts of the company for the year ended 31 March 2023. which are set out on pages four to thirteen. Respective ruponsibilities of charity trustees and examiner As the charity's trust¢es (and also the dircctors for the pUoseS of company law) you are responsible for the preparation of the accounts in accordance with the r¢quirements of the Companies Act 2006. Having satisfied myself that th¢ charity is not subject to audit under company law and is e]i(Fible for independ¢nt examination, it is my responsibility to.. examine the accounts under Section 65 of the ChitIeS Act follow the procedures laid down in the general Diiections given by the Charity Commission for Northern Ircland under Section 65(9)(b) of the Charities Act state whether partlcular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordancc WAth the general Directions given by the Charity Conlmission for Northem Ireland under Section 65(9)Ib) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosurcs in the accoun and seeking explanations from you as charity tSteeS concerning any such matters. My role is to state whether any material matters hav¢ come to my attention giving me cause to beIi¢ve: That accounting records wcre not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requtrements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities pieparing their accounts in accordance with the FinanciaI Reporting Standard applicable in the UK and Republic of Ireland That there is further ionnatIon needed for a prop¢r understanding of the accounts to be r¢ached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matt¢rs (l ) to (4) listed abov¢ an in connection with following the Directions of the Charity Commission for Northem Irelan I have found no matters that requtre drawing to your attention. Mr A S C Wylie FCA ASC Wylie UBU Ltd Qualified Accountants, Tax & Business Advisors 7 Lisburn Str¢et Royal Hillsborough Co. Down BT26 6AB Date.. Page 3
Communi Association Statement of Financial Activities for the Year Ended 31 March 2023 2023 Total fLmds 2022 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Charitable activities Support activities 9,351 25.000 34.351 41.723 Other trading activities 26,850 26.850 21,493 Total 36,201 25.000 61.201 63,216 EXPENDfTURE ON Cost of generatiniF voluntary income 25.000 25,000 25,000 Charitable activities Support activiti¢s Management & governance costs 48.952 48,952 40.501 2.690 Total 48.952 25,000 73,952 68.191 NET INCOMEI(EXPENDrruRE) (12.751) (12.751) (4.975) RECONCIIIATION OF FUNDS Total funds brought forward 15.738 50,000 65,738 70,713 TOTAL FUNDS CARRIED FORWARD 2.987 50,000 52.987 65,738 The notes forni part of thcse financial statements Page 4
abe Con]muni Association Balanc¢ Sheet 31 March 2023 2023 TotaI funds 2022 Total funds UnrestrACted Restrictcd fund fund Notes FIXED ASSETS Tangible assets 2,157 2,157 85 CURRENT ASSETS Cash at bank 3,533 50,000 53,533 67.003 cREDORs Amounts falling due within one year (2,703) (2,703) (1.350) NET CURRENf ASSETS 830 50.000 50,830 65.653 TOTAL ASSETS IESS CURRENT LIABILrrIES 2,987 50.000 52,987 65.738 NET ASSETS 2,987 50.000 52,987 65,738 FUNDS Unrcstricted funds R¢5tricted funds io 2.987 50.000 15,738 50,000 TOTAL FUNDS 52.987 65,738 The charitable company is entitl¢d to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members havc not required the company to obtain an audit of its fanCIal statemcnts for th¢ year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The truste¢s acknowlcdge their responsibilities for (a) ensuring that the charitable company keeps accounting recor(ts that comply WAth S¢ctions 386 and 387 of the Companies Act 2006 and (b) preparin. (y fjnancial statement5 which give a truc and fair vi¢w of thc state of affairs of the charitabl¢ company as at the end of each financial year and of its surplus or deficit for Cach fmancial year in accordance with the requirements of Sections 394 and 395 and which othcrwise comply with th¢ requirements of the Companies Act 2006 relating to financial statcments, so far as applicable to the charitable company. The not¢s forni part of these fmancial statcments Page 5 continued...
abe Cornmuni sociation Balance Sheet- continued 31 March 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to th¢ smaIl companies rcgime. Th¢,fmAncAal statements were approved by the Board of Truste¢s and authorised for issue on QcJ£S , . and were sign¢d on its bchalf by: HRe dick- rustee The notes forni part of these fu]ancial statements Page 6
abe Communi Association Notes to the Financial Statements for the Year Ended 31 March 2023 AccouNfING POLICIES Basis of preparing the financial statements The fmancial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recon]mended Practice applicable to charities preparino their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiv¢ l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entid¢ment to the funds, it is probable that th¢ income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised a5 expendtture as soon as there is a lega] or constructive obli(Fation committing the charity to that expenditure, it is probable that a transfer of cconomic b¢nefJts will be required in settlement and the amount of the obligation can b¢ measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregat¢ all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset ovcr its estimated useful life. Taxation The charity is cxempt from corporation tax on its ch&itable acÈiviti¢s. Fund accounting Unrestricted funds can be used in accordance with th¢ charitable objectives at the discretion of the trustees. Restricted funds can only b¢ used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fimds arc raised for particular restricted purposes. Further ¢xplanation of the nature and purpose of ¢ach fund is included in the notes to the fmancial statements. Grants received During the ¢ent year grants where received and treated as incoJn¢. Grants where received in respect of community support grants from Lisbum & Castlereagh Council. Page 7 continued...
Communi ociation Notes to the Financial Statements - continued for the Ycar Ended 31 March 2023 OTHER TRADll¥G ACTIvrriES 2023 2022 Evcnts & Activities 26.850 21.493 NET INCOMEI(EXPENDITURE) Net income/(cxpenditure) is stated after chargingl(crediting): 2023 2022 Professional & consultancy fee Depreciation - owned assets 6,297 540 1,084 424 TRUSTEES, REMUNERATION AND BENEFITS There wer¢ no trustees, remuneration or other benefits for the ycar ended 31 March 2023 nor for th¢ year ended 31 March 2022. Trustees, expenses Th¢re were no tnte¢s, expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. STAFF COSTS During thc year th¢ average number of employees was 3 (2019 - 3) Th¢ average monthly number of employees during the year was a5 follows.. 2023 2022 Administration No employees received emoluments in excess of £60,000. Page 8 continued...
habe Con]muni Association Notes to the Financial Statements - continued for the Year Ended 31 March 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIrIEs Unrestrictcd Restricted fund fid Totat fwids INCOME AND ENDOWMENTS FROM Charitable activities Support activities 16,723 25.000 41.723 Other trading activities 21.493 21.493 Total 38,216 25,000 63,216 EXPENDITURE ON Cost of generating voluntary income 25,000 25.000 Charitable activities Support activities Management & govemance costs 40,501 2,690 40.501 2.690 Tot21 43,191 25.000 68,191 NET INCOMEI(EXPENDITURE) (4,975) (4.975) RECONCILIATION OF FUNDS Total funds brought forward 20.713 50.000 70.713 TOTAL FUNDS CARRIED FORWARD 15.738 50.000 65.738 Page 9 continued...
habe Communi Association Notes to the Financial Statements - continued for the Year Ended 31 March 2023 TANGIBLE FIXED ASSETS Fixtures Pl1t and machinery Computer equipment fittings Totals COST At l April 2022 Additions 2.265 2.612 1.295 1,059 4.619 2,612 At 31 March 2023 4.877 1,295 1.059 7,231 DEPRECJATION At l April 2022 Charge for year 2,265 523 1,295 974 17 4,534 540 At 31 March 2023 2.788 1,295 991 5,074 NET BOOK VALUE At 31 March 2023 2.089 68 2.157 At 31 March 2022 85 85 CREDrroRS: AMOUNTS FALLING DUE wrrHIN ONE YEI(R 2023 2022 Bank loans and overdrafts (see note 9) Accruals and deferred income 1.334 1.369 1,350 2,703 1.350 LOANS An analysis of the maturity of loans 15 given below.. 20?3 2022 Amounts fallino due within one year on d¢mand.. Bank over(Irafts 1,334 Page 10 continued...
habe Communi Association Notes to the Financial Statements - continued for th¢ Year Ended 31 March 2023 10. MOVEMEIYT IN FUNDS Net movemcnt in funds At 3113123 At 114122 Unrestrieted funds General fund 15.738 (12.751) 2.987 Restricted funds Designated fimd 50.000 50.000 TOTAL FUNDS 65.738 (12.751) 52.987 Net movement in fLmds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 36.201 (48,952) (12,751) Restricted funds Designated fijnd 25,000 (25,000) TOTAL FufiDS 61.201 (73.952) (12,751) Comparatives for movement in funds Net movement in f[d5 At 3113122 At 114121 Unrestricted funds General fund 20,713 (4,975) 15.738 Restricted funds Designated fund 50.000 50,000 TOTAL FUNDS 70.713 (4.975) 65,738 Pagell continued...
abe Communi Association Notes to the Financial Statements - continued f r the Year Ended 31 March 2023 10. MOVEMENf IN FUNDS - continued Comparative net movcmcnt in funds. included in the above are as follows.. Incoming resources Resources ¢xpended Movement in funds Unrestrieted funds General fijnd 38,216 (43.191) (4,975) Restricted funds Designated fund 25,000 (25.000) TOTAL FUNDS 63.216 (68.191) (4.975) A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 3113123 At 114121 Unrestricted funds General fund 20,713 (17.726) 2,987 Restricted funds Desiated fund 50.000 50.000 TOTAL FUNDS 70,713 (17,7?6) 52,987 A current year 12 months and prior year 12 months combined net movemenL in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fimd 74,417 (92,143) {17.726) Restricted funds Designated fund 50,000 (50,000) TOTAL FUNDS 124,417 (142,143) (17,726) Page 12 continued...
abe Communi Association Notes to the Financial Statements - continued for the ye Ended 31 March 2023 11. RELATED PARTY DISCLOSURES There were no rclated paty transactions for thc year ended 31 March 2023. Page 13
abe Communi Association Detailed Statement of Financial Activities for the Year Ended 31 March 2023 2023 2022 INCOME AND ENDOWMENTS Other trading activities Events & Activities 26.850 21,493 Charitable activities Grants 34,351 41,723 Total incoming resources 61.201 63,216 EXPENDITURE Cost of generating voluntary income Direct wages & staff costs 25,000 25.000 Charitable activities Events 5.949 6.308 Support costs Management Wages & staff costs Social security Pensions Insurance Light and heat Telephone/internet/computer Postage and stationery Adv¢rtising Sundries Travel & subsistence Plant and machinery Comput¢r equipment Bank interest and charges 4,895 6,060 1.839 1,807 18,196 956 75 223 1,648 10,369 2,220 1,722 12,775 3,079 125 3,394 81 402 21 421 539 448 36.686 34,616 Governance costs Professional & consultancy fee Accountancy and legal fees 6,297 20 1,084 1,183 6,317 2.267 Total resources expended 73,952 68,191 Net expenditure (12.751) (4.975) This pag¢ does not forni part of the statutory fll]ancial statements Pagc 14