REGISTERED COMPANY NUMBER: N1606737 (Northern Ireland) REGISTERED CHARITY NUMBER: 107783 omm ni iation ASC Wylie UBU Ltd Qualified Accountants, Tax & Business Advisors 7 Lisburn Street Royal Hillsborough Co. Down BT26 6AB
abe Communi iation Contents of the Finan tements nde 31 M rch202 Pa8e Report of the Trustees Independent Examinels Report Slatement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 12 Detailed Statement of Financial Activities 13
Association ort of the Trustees for the Y ar Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006? present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 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 increase physical and mental wellbeing with the object of improvin8 the conditions of life for the residents of Maghabery. Public benefit The directors have given this consideration and will adhere to the Charity Commission for Northern Ireland's 8uidance on public benefit. ACHIEVEMENT AND PERFORMANCE ChAritable aclivRties Maghaberry Community Association follow direction on the aims set out in the Community development plan. We Continually provide trainin8 to our volunteers and the residents of Maghaberry 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 group are all delivered weekly by volunteers and are primarily aimed to reduce isolation and increasing community cohesion. FINANCIAL REVIEW Financial position The directors have comprehensive financial procedures in place for the income and expenditu of the Maghabeny Community Association. The Accounts will be prepared by an appointed Independent Examiner each year to 31 st March. During the current period there was a deficit of (£44) in the previous year there was a deficit (£12.751). The balance in reserves at the year end included £50,000 which is designated funds. FUTURE PLANS Maghaberry Community Association plan to continue with a schedule of activities and to build upon the success enjoyed in previous years. Page I
Communi ciation ort of the Truste for the Year End d 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument The charity was established in 2005 and completed registration with the Charity Commission on 28th September 2020. The Committee of 12 members which are all residents of the local community are elected annually at an Annual General Meeting which takes place no later than l8 months from the previous AGM. The committee consists of Chairperson, Treasurer, secretary 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 Procedures. REFERENCE AND ADMINISTRATIVE DETAILS Registered Comprdny number N1606737 (Northern treland) Registered Charity number 107783 Registered office 18 Maghabery Road Maghaberry Lisburn Antrim B T67 OJG Trustees Mrs O Hunter Ms H Reddick SB Reddlck Company SeeretAry Mrs O Hunkr Independent Examiner ASC Wylie UBU Ltd Qualified Accountsnts, Tax & Business Advisors 7 Lisbum Street Royal Hillsborough Co. Down BT26 6AB Approved by order of the board of trustees on 12 December 2024 and signed on its behalf by: qy kdcLrE Ms H Reddick - TThstee Page 2
Inde endent Examiner's Re ort to the Trustees of habe Communi Association I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages four to twelve. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts.under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular 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 accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65{9)(b) 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 disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters hav¢oome to my attentlOD giving me cause to believe.. That accounting records were 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 requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Treland That there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my exarnination and have no concerns in respect of the matter5 {1) to (4) listed above and, in connection with followin8 the Directions of the Charity Commission for Northern Ireland, I have found no matters thatrequire dr&wiD&to your attention. Mr A S C Wylie FCA ASC Wylie UBU Ltd QualifEed Accountants, Tax & Business Advisors 7 Lisburn Street Royal Hillsborough Co. Down BT26 6AB 12 December 2024 Page 3
habe Communi Association tatement of Finan f r the Year En ivities arch 2024 2024 Total funds 2023 Total funds Unrestrieted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Charitable activities Support activities 8,583 25,000 33,583 Other trading activities 38,678 38,678 26,850 Total 47.261 25,000 72,261 61,201 EXPENDITURE ON Cost of generating voluntary income 25,000 25,000 25,000 Charitable 8Ctivities Support activities 47,305 47,305 48,952 Total 47,305 25,000 72,305 73,952 NET INCOMEI{EXPENDITURE) (44) (44) (12,751) RECONCILIATION OF FUNDS Total funds brought forward 2,987 50,000 52,987 65,738 TOTAL FUNDS CARIUED FORWARD 2,943 50,000 52,943 52,987 The notes forni part of these financial statements Page 4
abe Communi Association Balance Sheet 31Ma h 2024 2024 Totsl funds 2023 Tolal fiwds Unrestricted Restricted fund fund Notes FIXED ASSETS Tangible assets 2,157 2.157 2,157 CURRENT ASSETS Cash at bank 2,341 50,000 52,341 53,533 CREDITORS Amounts falling due within one year (1,555) (1,555) (2,703) NET CURRENT ASSETS 786 50,000 50,786 50,830 TOTAL ASSETS LESS CURRENT LIABILITIES 2,943 50,000 52,943 52,987 NET ASSETS 2,943 50,000 52,943 52,987 FUNDS Unrestricted funds Restricted funds io 2,943 50,000 2,987 50,000 TOTAL FUNDS 52,943 52,987 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtsin an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Cotnpanies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its sUlUS or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise Comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes fonn part of these financial statements Page 5 continued...
habe Communi Association Balance 31 Mar hee h 2024 ntinued These flliancial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The f1nancial statements were approved by the Board of TrLLStees and authorised for issue on 12.December 2024 and were signed on its behalf by: ddick- rustee The notes forni part of these financial statements Page 6
habe Communi Association tot Financi for the Year Ende ents arch 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefLt entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS l O?) (effective l January 2019),, Fiiiancial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial ststements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financtal Activities once the charity has entitlement to the fi]nds, it is probable that the income will be received and the amount can be measure(L liablY. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation cominitting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the ainount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be direetly attributed to parttcular headings they have been allocated to activities on a basis consistent with the use of resources. Tv4ngible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordanee with the charitsble objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity, Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fiind is included in the notes to the financial statements. Grants received During the current year grants where received and treated as income. Grants where received in respect of community support 8rants from Lisburn & Castlereagh Council. Page 7 continued...
habe Communi Association Notes to the Finan f rthey arEn ments - eontin l March 2024 OTHER TRADING ACTIVITIES 2024 2023 Events & Activities 38,678 26,850 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after charging/(crediting): 2024 2023 Professional & consultancy fee Depreciation - owned assets 2,421 6,297 540 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS During the year the average number of employees was 3 (2019 - 3) The average monthly number of employees diirin8 the year was as follows: 2024 2023 No employees e1Ved emoluinents in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANcL ACTIVITIES Unrestricted Restricted fund fund Total nds INCOME AIYD ENDOWMENTS FROM Charit4ble activities Support activities 9,351 25,000 34,351 Other trading activities 26,850 26,850 Total 36,201 25,000 61,201 EXPENDITURE ON Cost of generating voluntary income 25,000 25,000 Page 8 continued...
habe Communi Association Notes to the Finan f rthey rEn ents - contin March 2024 COMPA114TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted Total fund fund fidS Charitable activities Support activities 48,952 48,952 TolAI 48,952 25,000 73,952 NET INCOME/(EXPENDITURE} (12,751) (12,751) RECOlYCtLIATION OF FUNDS Total funds brought forward 15,738 50,000 65,738 TOTAL FUNDS CARRIED FORWARD 2,987 50,000 52,987 TANGIBLE FIXED ASSETS Fixtures and fittings Plant and machinery Computer equipment Totals COST At l April 2023 and 31 March 2024 4,877 1,295 1,059 7,231 DEPRECIATION At l April 2023 and 31 March 2024 2,788 1,295 991 5,074 IYET BOOK VALUE At 31 March 2024 2,089 68 2,157 At 31 March 2023 2,089 68 2,157 Page 9 continued...
abe Communi Association Notes to the Finan for the Year En tements - con 31 March 2024 in CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 9) Accruals and deferred income 186 1,369 1,334 1,369 1555 2,703 LOANS An analysis of the matwity of loans 1$ given below: 2024 2023 Amounts falling due within one year on demand.. Bank overdrafts 186 1,334 10. MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestricted funds General fund 2,987 (44) 2,943 Restricted funds Designated fund 50,000 50,000 TOTAL FUNDS 52,987 (44) 52,943 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 47,261 (47,305) (44) Restricted funds Designated fund 25,000 (25,000) TOTAL FUIWS 72,261 (72,305) (44) Page 10 continued...
habe Communi Association Not s to the Financial for the Year End ments - contin arch 2024 io. MOVEMENT IN FUNDS - Continued Comparatives for movement in funds Net movement in fiinds At 3113123 At 114122 Unrestricted fund5 Generdl fund 15,738 (12,751) 2,987 Restrieted funds Designated fund 50,000 50,000 TOTAL FUNDS 65.738 (12,751) 52,987 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Moveinent in funds Unrestricted funds General fund 36,201 (48,952) (12,751) Restricted funds Designated fund 25,000 (25,000) TOTAL FUNDS 61,201 (73,952) (12,751) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 3113124 At 114122 Unrestricted funds General fund 15,738 (12,795) 2,943 Restricted funds Designated fund 50,000 50,000 TOTAL FUNDS 65,738 (12,795) 52,943 Page 11 continued...
habe Communi Association Notes to the Fin f rthey arEn nci tatements - con d 31 March 2024 inued 10. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fiind 83,462 (96,257) (12,795) Restricted funds Designated fund 50,000 (50,000) TOTAL FUNDS 133,462 (146,257) {12,795) 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 12
abe Communi Associati tail for ment of Financial A Year Ended 31 March 2024 ivities 2024 2023 INCOME AND ENDOWMENTS Other trading activities Events & Activities 38,678 26,850 Chgrilable activities Grants 33,583 34,351 Total incoming resources 72,261 61,201 EXPEfsDITURE Cost of generaling voluntary income Direct wages & staff costs 25,000 25,000 Charitable activities Events 4,3J3 5,949 Support eosts Management Wages & staff costs Social security Pensions Insiirance Light and heat Telephonelinternetleomputer Postage and slationery Advertising Sundries Plant and machinery Bank interest and charges 13,118 5,920 1,91 I 1,684 15,214 1,097 147 4,895 6,060 1,839 1,807 18,196 956 75 223 1,648 539 448 623 857 40,571 36,686 Governthnee costs Professional & consultancy fee Accountancy and legal fees 2,421 6,297 20 2,421 6,317 Total resources expended 72,305 73,952 Net expenditure (44) (12,751) This page does not forn) part of the statutory financial statements Page 13