MAGHERA PARISH CARING ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT Year ended 30 April 2023 TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) The Trustees who include the directors for the purposes of company law present their report and the unaudited financial statements of the charity for the year ended 30th April 2023. The director5 have adopted the provision5 of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities ' IFRS102 Section IA) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial statements and applicable accounting standards, Accounting and Reporting by Charities . Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102 Section IA), the charity's governing document, the Charities Act (Northern Ireland} 2008, Charities Aci (Northern Ireland) 2013, The Charitie5 (Accounts and Reports) Regulations (Northern Ireland) 2015, Companies Act 2006 and UK Generally Accepted Practice. TRUSTEES OF THE CHARITY The directors of the charitable company are its trustees for the purposes of charity law. The terms director" and "trustee" are used interchangeably throughout the financial statements. The trustees who have served during the year were as follows: Mr R Rainey Ms M E Davidson Ms E A Forde Ms A Crooks Mr S Richardson
MAGHERA PARISH CARING ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (convd) Year ended 30 April 2023 REFERENCE AND ADMINISTRATIVE DETAILS The registered name of the charity is Maghera Parish Caring Association, charity registration number: NIC107852 and company registration number N1612431 Principal office and registered office The Lurach Centre 15 Church Street Maghera BT46 SEA The trustees Mr R Rainey Ms M E Davidson Ms E A Forde Ms A Crooks Mr S Richardson Independent examiner Simon Hopper F.C.A. Hopper & Co 6 Doagh Road Ballyclare BT39 9BG STRUCTURE AND MANAGEMENT Governing Document Maghera Parish Caring Association 15 a company limited by guarantee 8overned by its Memorandum and Articles of Association. Maghera Parish Caring Association is a registered charity with the Charity Commission for Northern Ireland. Management The association is run by the Executive committee of 12 members of which 5 members are directors of the company.
MAGHERA PARISH CARING ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (convd) Year ended 30 April 2023 DESCRIPTION AND PURPOSE The Executive Committee work with a number of volunteers in running of the Centre. They have worked with Probation Board offering a facility for offenders to complete community service. Mid Ulster District council in various community outreach festivals also in a major project in refurbishing our Walled garden {which has now been leased to MUDC) ACTIVITIES AND OBJECTIVES The main activity of the Association is to provide facilities for various groups to provide a variety of community outreach activitie5. The a550ciation works with local community groups, statutory authorities, voluntary groups, children's groups and private individuals, providing support for adults, children, disabled, vulnerable people, in various activities. The associations centre has a large hall, two kitchens, a number of smaller rooms and offices. We have two main groups, Woman's Aid & Sure Start who have permanent offices within the complex. The Hall and rooms are used by all the community. ACHIEVEMENTS AND PERFORMANCE In the aftermath of the Covid Pandemic activities in the centre have continued to increase, and we are nearly back to full capacity with old Groups restarting their activities along with new users to the centre. The Association has run well sUPPOrted community event5 such as Dancing Classes, Art Club, Childrens Club, Vintage Rally, Concerts etc all have received cross community support. PUBLIC BENEFIT STATEMENT The Board of Maghera Parish Caring Association confirm that they have had due regard for the guidance produced on public benefit by the Charity Commission for Northern Ireland, and are pleased to report that during the year the charitable company ha5 continued to provide public benefits through the programmes and services we offer. In particular, the directors consider how planned activities will contribute to the aims and objectives they have set out. FINANCIAL REVIEW The charity returned an overall deficit of £6,65312022: deficit £8,015) for the year.
MAGHERA PARISH CARING ASSOCIATION {A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (cont'd) Year ended 30 April 2023 Restricted funds showed a deficit of £15,04312022: deficit £16,454) while unrestricted funds has a surplus of £8,390 (2022: surplus £8,439). As at 30 April 2023, the charity has restricted funds carried forward of £1,150,704 {2022: £1,165,747), while unrestricted funds remaining amounted to £39,829 (2022: £31,439). More detail 15 Outlined in the Statement of Financial Activities. GOING CONCERN The activities of the charity is dependent on ongoing fundraising activities. The Trustees are of the opinion that the charity has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report. RESERVES POLICY Reserves are needed to bridge the timing gap between spending and receiving of income and to cover unplanned temporary shortfalls in income should they arise. Holding adequate reserves safeguards the provision of our services in the event of unexpected significant financial pressures. RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS The trustees (who are also the directors of Maghera Parish Caring Association for the purposes of company law) are responsible for preparing the Directors ' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resource5 and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financi31 statements, the directors are required to: select Suitable accounting policies and then apply them consistently," observe the methods and principles in the Charities SORP 2019 (FRS102); make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed , subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue to operate. The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, Charities Act (Northern Ireland) 2008 and Charities Act (Northern Ireland) 2013 and Charities (Accounts and Reports) Regulations (Northern 71Page
MAGHERA PARISH CARING ASSOCIATION {A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT {conVd) Year ended 30 April 2023 Ireland) 2015. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud 3nd other irregularities. The directors are responsible for the maintenance and integrity of the charitable company and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdittions. RISK REVIEW A review of major risks ha5 been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from funders. These risks are mitigated by the Trustees regularly monitoring the various activities of the charity at stated meetings and by reviewing available funding streams. FURTURE PIANS It is the Trustees, intention to develop the present activities of the charity in order to continue to support the refugee family to successfully integrate into our community. Disclosure of Information to Independent Examiner SO far as each of the directors in office at the date of approval of these financial statements is aware: there is no relevant audit information of which the charitable company's independent examiner is unaware; and they havo taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant information for the independent examination and to establish that the charitable company's independent examiner is aware of that information. Small Companies. Exemption This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 .
MAGHERA PARISH CARING ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (convd) Year ended 30 Aprll 2023 Independent Examiner Hopper & Co., have indicated their willingness to remain in office and a resolution for their re-election will be proposed at the forthcoming Annual General Meeting. Approved by the trustees at a meeting on Sgj | 'zo 24and signed on its behalf by: Mr R Rainey Director & Trustee