**Registration Number NI023366**
**Strathfoyle Community Association Limited Company Limited by Guarantee**
**Financial Statements and Trustees Report**
**For the Year Ended 31st March 2025**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Contents**
|**Contents**|||
|---|---|---|
||**Page**||
|Legal and Administrative Information||1|
|Trustee's Report|2|- 4|
|Independent Examiner's Report|5|- 6|
|Statement of Financial Activities for the year ended 31st March 2025||7|
|Statement of financial position as at 31st March 2025|8-9||
|Notes to the Accounts|10|- 15|
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Legal and Administrative Information**
## **Status:**
The Organisation is a charitable company limited by guarantee incorporated on 11th December 1989.
|**Directors:**|Hugh Hastings|
|---|---|
||Philomena Coyle|
||Martina Jenkins|
||Raymond Whorisky|
|**Accountants:**|Diver Donaghy and Company Limited|
||Accountants and Tax Consultants|
||Gortfoyle Business Centre|
||104-108 Spencer Road|
||Derry|
||BT47 6AG|
|**Bankers:**|Danske Bank|
||PO Box 183|
||Donegall Square West|
||Belfast|
||BT1 6JS|
|**Solicitors:**|Hasson & Co Solicitors|
||39-41 Clarendon Street|
||Derry|
||BT48 7ER|
|**Registered Office:**|31-33 Bawnmore Street|
||Strathfoyle|
||Derry|
||BT47 1XP|
|**Company Number:**|NI023366|
**Page 1**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Trustees' Annual Report for the Year Ended 31st March 2025**
## **Report of the Trustees for the year ended 31st March 2025**
The directors present their annual report together with the financial statements of the organisation for the period from 1st April 2024 to 31st March 2025 which are also prepared to meet the requirements for a Directors' Report and Accounts for Companies Act purposes.
The financial statements comply with the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102) (effective 1 January 2015.)
The company is governed by a Memorandum and Articles of Association dated 11th December 1989. The company number is NI023366 and the registered office is 31-33 Bawnmore Street, Strathfoyle, Derry, BT47 1XP.
## **Directors and Trustees**
The directors of the company are the trustees for the purpose of charity law. The Directors during the period and as at 31st March 2025 were as follows:
Hugh Hastings Philomena Coyle Martina Jenkins Raymond Whorisky
**Page 2**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Trustees' Annual Report for the Year Ended 31st March 2025 - Continued**
## **Chair's Report**
I would like to acknowledge and value the contribution of our external partners, especially our main funder Strathfoyle Village Centre Ltd. We are also very grateful for the funds awarded to us by Northern Ireland Housing Executive, Clothworkers Foundation, Radius Housing Association, Derry City and Strabane District Council, Western Health & Social Care Trust, Rural Area Partnership in Derry and Department of Agriculture, Environment and Rural Affairs. These funds are vital to ensure we can continue to provide and extend our programme of work for our community.
I wish to commend the work of our staff, management committee, Directors, Trustees and volunteers for their support and commitment during the past year.
I would like to thank all the residents for their continued support and dedication to this community and its development.
Our summer festival was a success as always, our family fun day being the highlight of the week. This brought smiles to the faces of children throughout the area. We once again held a party for children with additional needs. It is vital that we make our festival inclusive to all. Our festival would not have been possible without the support from NIHE Cohesion Unit who once again awarded funding towards the costs of our events.
We continue to provide our meals on wheels service to the elderly and vulnerable within the community 5 days per week for a subsidised rate. Our Advice Northwest outreach service is available in our premises every Thursday from 14:00 – 16:00, by appointment only.
Local groups came together at Christmas to hold several events including Santas Grotto, a visit from Santa to turn on the Christmas Tree lights and our annual Older Peoples Dinner Dance at The Belfray Country Inn. These events would not have been possible without the help of Radius Housing Association who contributed towards the costs of the events. We also organised a Christmas Craft Fair in Strathfoyle Youth Centre. This was a great event with a variety of Christmas items on offer at great prices.
I am looking forward to another successful year as Chairperson of Strathfoyle Community Association Ltd and the further development of this community in the coming years.
## **Alex Duffy**
## **Alex Duffy Chairperson**
## **29[th] September 2025**
**Page 3**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Trustees' Annual Report for the Year Ended 31st March 2025 - Continued**
## **Statement of Directors Responsibilities**
The directors are responsible for preparing the directors report and 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 statement for each financial period which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that year.
## In preparing these the directors are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and 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;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for the safeguarding of assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
The report was approved by the board on the
and signed on it's behalf by:
pep[Atal] ap **Hugh Hastings Director**
**Page 4**
# **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Independent examiner's report to the Directors of Strathfoyle Community Association Limited for the year ended 31st March 2025**
We report solely to the company directors on our examination of the accounts for the year ended 31st March 2025. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Strathfoyle Community Association Limited and its directors as a body for our work or for this report. As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie
## **Respective responsibilities of the directors and examiner**
As the directors of the company, you are reponsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 and the Charities Act (Northern Ireland) 2008. Having satisfied ourselves that the charity is not subject to an audit under Company Law, and is eligible for independent examination, it is our responsibility to:
- examine accounts under section 65 of the Charities Act
- follow the procedure laid down in 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 our attention.
## **Basis of Independent Examiner's Report**
We have examined your charity accounts as required under section 65 of the Charities Act and our 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 considertion of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
Our role is to state whether any material matters have come to our attention giving us concern to believe:
1. the accounting records were not kept as required by section 386 of the Companies Act 2006 and section 63 of the Charities Act;
2. that the accounts do not accord with those accounting records;
3. that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006, The Charities Act and with methods and principles of the 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.
4. that there is further information needed for a proper understanding of the accounts to be reached.
**Page 5**
# **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Independent examiner's report to the Directors of Strathfoyle Community Association Limited for the year ended 31st March 2025 - Continued**
## **Independent Examiner's Statement**
We have completed our examination and have no concerns in respect on the matters (1) to (4) above and, in connection with following the directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention
**Diver Donaghy and Company Limited Gortfoyle Business Centre 104-108 Spencer Road Derry BT47 6AG**
**Page 6**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Statement of Financial Activities for the Year Ended 31st March 2025**
|Income from Activities of
Furtherance of charitable objects
**5**
**Notes**
**Incoming Resources**
Donations
Other Income
**Total Income Resources**
**Resources Expended**
Charitable expenditure:
Furtherance of charitable activities
**6**
Management and administration
**6**
Depreciation
**Total Resources Expended**
**Net Movement in Funds**
Total funds brought forward at Beginning of Year
Total funds carried forward at end of Year
**5**
Income from activities for
generating funds
**5**
**5**|0
38104
38104
3174
22928
26102
75570
33495
109065
16554
0
16554
19539
8946
28485
**Unrestricted**
**Restricted**
**Totals**
**Funds**
**Funds**
**2025**
**£**
**£**
**£**
59979
3200
63179
0
0
0
21750
28800
50550
81729
70104
151833
0
4735
4735
78744
61158
139902
2985
8946
11931|27651
0
**Totals**
**2024**
**£**
60149
21750|
|---|---|---|
|||109550|
|||9730
94106
0|
|||103836|
|||10840
5714|
|||16554|
Thera are no gains or losses other than the profit or loss for the above financial year.
**Page 7**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Statement of Financial Position as at 31st March 2025**
|**Creditors: Amounts falling due**
**within one year**
**9**
**Fixed Assets**
Tangible Assets
**Current Assets**
Debtors and Prepayments
Cash at Bank and on hand
**Total Current Assets**
**Notes**
**Net Current Assets**
**Total Assets less Current liabilities**
**Net Assets**
**Financed By:**
Funds
**8**
**Creditors: Amounts falling due**
after one year
**10**|-2677
0
-2677
6750
0
6750
347
0
347
7097
0
7097
**Unrestricted**
**Restricted**
**Totals**
**Funds**
**Funds**
**2025**
**£**
**£**
**£**
0
24065
24065
4420
0
4420
4420
24065
28485
0
0
0
4420
24065
28485
19539
8946
28485|0
**Totals**
**2024**
**£**|
|---|---|---|
|||6750
11799|
|||18549|
|||-1995|
|||16554|
|||0
16554|
|||16554|
|||16554|
For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors Responsibilities:
- The members have not required the company to obtain an audit of it’s financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'
**Page 8**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Statement of Financial Position as at 31st March 2025**
These financial statements were approved by the Board of Directors and authorised for issue on the *********** and were signed on behalf of the board by:
**Hugh Hastings Director**
## **Company Registration Number: NI023366**
**Page 9**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Notes to the Financial Statements For the Year Ended 31st March 2025**
## **1. General information**
The company is a charitable private company limited by guarantee, registered in Northern Ireland. The address of the registered office is 31-33 Bawnmore Place, Strathfoyle, Derry, BT47 1XP.
## **2. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 (FRS102) (effective applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Strathfoyle Community Association Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy Note(s).
## **Turnover**
Turnover represents the total value of grants received and receivable as well as other income arising from other operating and fundraising activities during the year. Grants are recognised in the Profit and Loss account when the conditions for their receipt have been complied with and there is reasonable assurance that the grant will be received.
## **Tangible assets**
Tangible assets are initially recorded at cost. and are subsequently stated at cost less any accumulated depreciation and impairment losses.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset.
**Page 10**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Notes to the Financial Statements For the Year Ended 31st March 2025**
## **Financial instruments**
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **3. Funds**
Unrestricted Revenue Funds - comprise those revenue funds which the management committee are free to use in accordance with the company objectives.
Restricted Revenue Funds - comprise those revenue funds which have been given for particular purposes and projects.
## **4. Limited by Guarantee**
Strathfoyle Community Association Limited is a registered Charity limited by guarantee without a Share Capital.
**Page 11**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Notes to the Financial Statements For the Year Ended 31st March 2025**
|RAPID
NIHE - SPOD -Community Fund
Radius Housing Association
D&SDC
DAERA
Halifax - Grant
WHSCT
NIHE - Festivals
Cloathworkers - Grant
Strathfoyle Village Centre Limited
**5. Incoming Resources**
**Donations and Similar Incoming Resources**
Donations
**Income from Activities of Furtherance**
**of charitable objects**
**Income from activities generating funds**
**Investment and Other Income**
**Total Incoming Resources**
Fundraising Events
Other Income|0
1775
1775
0
20602
20602
0
1299
1299
0
11500
11500
0
712
712
0
0
0
0
0
0
0
2216
2216
0
28800
28800
21750
0
21750
0
38104
38104
21750
28800
50550
**Unrestricted**
**Restricted**
**Totals**
**Funds**
**Funds**
**2025**
**£**
**£**
**£**
59979
3200
63179
0
0
0
0
0
0
0
0
0
81729
70104
151833|**Totals**
**2024**
**£**
60149|
|---|---|---|
|||2962
19065
0
0
0
5000
624
0
27651|
|||0
0
0|
|||0
21750
21750|
|||109550|
**Page 12**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Notes to the Financial Statements For the Year Ended 31st March 2025**
|**Furtherance of Charitable Activities**
Social Functions
Canteen Costs
Van Expenses
CAF America Funding
Good Relations
**Management and Administrative Costs**
Wages
Water Rates
Insurance Costs
Advertising, Stationery and Printing
Light and Heat
Bank Charges
Telephone and Postage
Travel Expenses
Accountancy
Legal Fees - Court Case
Repairs and Maintenance
Festival Expenses
Donations
Sundry
**6. Resources Expended**
**Depreciation**
Depreciation of Tangible Assets
**Total Resources Expended**|3174
1315
4489
0
4810
4810
0
2781
2781
0
5928
5928
8094
8094
47615
31744
79359
568
0
568
2261
754
3015
0
0
0
2757
689
3446
207
0
207
1234
308
1542
0
0
0
1620
0
1620
11780
0
11780
7528
0
7528
0
0
0
0
0
0
0
0
0
3174
22928
26102
75570
33495
109065
**Unrestricted**
**Restricted**
**Totals**
**Funds**
**Funds**
**2025**
**£**
**£**
**£**
0
4735
4735
78744
61158
139902|710
5580
3440
0
0
**Totals**
**2024**
**£**|
|---|---|---|
|||9730|
|||70699
527
12220
0
2484
205
1520
0
1644
0
4272
0
300
235|
|||94106|
|||4735|
|||108571|
## **7. Staff Costs**
The average number of persons employed by the company during the year was 4. ( 2024 - 4 )
**Page 13**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Notes to the Financial Statements For the Year Ended 31st March 2025**
## **8. Tangible Assets**
## **Plant &**
|As at 1 April 2024
Additions
Disposals
As at 1 April 2024
Charge for the Period
Released on Disposals
PAYE & NIC
Wages
**Cost**
Balance as at 31st March 2025
**Depreciation**
Balance as at 31st March 2025
**Net Book Value**
As at 31st March 2025
As at 31st March 2024
**9. Creditors: Amounts falling due within one Year**|21266
11470
0
28800
0
-11470
**Equipment**
**Van**
**£**
**£**|
32736
28800
-11470
32736
4735
-11470
**2025**
**£**
1318
1359
2677
**Total**
**£**
50066
26001
24065
0|**2024**
**£**
647
1348
1995|
|---|---|---|---|
||21266
28800|||
||21266
11470
0
4735
0
-11470|||
||21266
4735|||
||0
24065|||
||0
0|||
|||||
**Page 14**
## **Strathfoyle Community Association Limited Company Limited by Guarantee**
## **Notes to the Financial Statements For the Period Ended 31st March 2025**
## **10. Analysis of Charitable Funds**
## **Analysis of Movements in Unrestricted Funds**
General Fund
**Balance Incoming Resources Funds at 01.04.24 Resources Expended 31.03.25 £ £ £ £** 16554 81729 78744 19539
**Name of Unrestricted Fund Description of the Fund**
## General Funds
Funds which the Association is able to apply freely in pursuit of its own charitable objectives and related purposes.
## **Analysis of Movements in Restricted Funds**
Restricted Fund
**Balance Incoming Resources Funds at 01.04.24 Resources Expended 31.03.25 £ £ £ £** 0 70104 61158 8946
**Name of Restricted Fund Description of the Fund**
## Restricted Fund
Funds which the Association applies for particular purposes and projects in pursuit of its charitable objectives.
All Deficits are transferred to and covered by the Unrestricted Funds.
**Page 15**