CHARITY REGISTRATION NUMBER: NIC108035 Ederney Village in Bloom Unaudited Financial Statements 31 March 2023 SP MCCAFFREY & CO Chartered accountants 50 Campsie Road Omagh Co Tyrone BT79 OAG Ederney Village in Bloom Financial Statements Year ended 31 March 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 13 Notes to the detailed statement of financial activities 14 Ederney Village in Bloom Trustees, Annual Report Year ended 31 March 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. Reference and administrative details Registered charity name Ederney Village in Bloom Charity registration number NIC108035 Principal office Ederney Community Development Trust Town Hall Ederney BT93 ODG The trustees Martin Gallogley N￿Chola Gallogley Marlin Monaghan Declan Mccarron Martin McDonagh Raymond McFarland Independent examiner S P Mccaffrey 50 Campsie Road Omagh Co Tyrone BT79 OAG Ederney Village in Bloom Trustees, Annual Report (conlinued) Year ended 31 March 2023 Structure, governance and management Governing Document Ederney Village in Bloom is a registered Charity that does not have a share capital. The Charity is governed by ils Constitution. Principle Activity The Principle Activity is to Promote the benefit to the inhabitants of the Ederney district through envirnomenlal awareness and other undertakings with the objective of improvin9lheir conditions of life. Recruiting and Appointing New Members The method of Selection for all new members is through appointment by existing board members. Training of New Board Members There is Board Member Induction Training provided Decision Making The Board of trustees are responsible for overall decision making on legal & financial management policies, they meet once a month where new policies and strategies are implemented. Statement of Risks The main risk to the charity is lo be adequately funded to continue with the level of service provided to the inhabitants and safeguarding of any employment it may create in local area. Objectives and activities The Charity shall promote Social and Environmental Development to provide education and training to people of surrounding areas Achievements and performance Review of Performance against Objectives The board of trustees continue the process of Self Assessment against the quality management procedures Financial review Review of Business Ederney Village in Bloom is non-profit making with the net surplus of £3,695 for the year, The Management continues lo be engaged in ongoing efficiency savings and is aware of the sustainable use of resources. Reserves Policy The Trustees are in the process of developing a reserves policy. Ederney Village in Bloom Trustees, Annual Report fcontinuedj Year ended 31 March 2023 The trustees, annual report was approved on 6 December 2023 and signed on behalf of the board of trustees by.. Marlin Gallogley Trustee Martin Monaghan Trustee Ederney Village in Bloom Independent Examiner's Report to the Trustees of Ederney Village in Bloom Year ended 31 March 2023 I report to the trustees on my examination of the financial statements of Ederney Village In Bloom I'the charity'l for the year ended 31 March 2023. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008 Ithe '2008 Acl'l. You are satisfied that your charity is not required by charity law lo be audited and have chosen instead to have an independent examination. I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 6519){bl of the 2008 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept as required by with section 63 of the 2008 Act., or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of the 2008 Act., or the financial statements do not com ply with the applicable req uiremen15 concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a maller considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. CC frey Independent Examiner 50 Campsie Road Omagh Co Tyrone BT79 OAG Ederney Village in Bloom Statement of Financial Activities Year ended 31 March 2023 2023 Restricted funds Total funds 2022 Unrestricted funds Total funds Note Income and endowments Donations and legacies Investment income 17,694 1,565 19,259 9,474 Total income 17,699 1,565 19,264 9,476 Expenditure Expenditure on charitable activities 14,003 1,565 15,569 9,110 Total expenditure 14,003 1,565 15,569 9,110 Net income and net movement in funds 3,696 3,695 366 Reconciliation of funds Total funds brought forward Total funds carried forward 366 366 4,062 4,062 366 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 11 form part of these financial statements. Ederney Village in Bloom Statement of Financial Position 31 March 2023 2023 2022 Note Current assets Debtors Cash at bank and in hand 1,000 16 5,822 5,822 1,016 Creditors: amounts falling due within one year Net current assets 10 1,760 650 4,062 366 Total assets less current liabilities 4,062 366 Funds of the charity Unrestricted funds 4,062 366 Total charity funds 4,062 366 These financial statements were approved by the board of trustees and authorised for issue on 6 December 2023, and are signed on behalf of the board by. Marlin Gallogley Trustee Martin Monaghan Trustee The notes on pages 7 to 11 form part of these financial Statements. Ederney Village in Bloom Notes to the Financial Statements Year ended 31 March 2023 General information The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is Ederney Community Development Trust, Town Hall, 2 High Street, Ederney, BT93 ODG. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 1021 {Charities SORP {FRS 10211 and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Reslricled funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. reslricled income funds or endowment funds. Ederney Village in Bloom Notes to the Financial Statements (¢ontinuedJ Year ended 31 March 2023 Accounting policies (continuedj Incoming resources All incoming resources are included in the statement of financial activities when entillemenl has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recogn ised when there is evidence of enlitlemenl to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as reslricled. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading aclivilies, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of ils expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned be￿een the activities they contribute to on a reasonable, justifiable and consislenl basis. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party lo the contractual provisions of the instrument. Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs. Ederney Village in Bloom Notes to the Financial Statements (¢ontinuedJ Year ended 31 March 2023 Accounting policies (continuedj Financial instruments (continued) Current assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can othetwise be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised al fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rale of interest that is not a market rate, in which case the asset is measured al the present value of the future payments discounted al a market rale of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, 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 under the appropriate heading in the stalernenl of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance. and other financial assets that are individually sign ificant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised 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. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Donations Ederney Community Development Trust Grants S.E.C.A.D. F.O.D.C. S.S.E. D.A.E.R.A C.F.N.l. 13,596 13,596 3,000 1,098 3,000 1,098 1,565 1,565 17,694 1,565 19,259 Ederney Village in Bloom Notes to the Financial Statements (continued) Year ended 31 March 2023 Donations and legacies (continued) U nrestricted Funds Restricted Total Funds Funds 2022 Donations Ederney Community Development Trust 8,495 8,495 Grants S.E,C.A.D. F.O.D.C. s.s.E. D.A.E.R.A C.F.N.l. 353 353 626 626 8,848 626 9,474 Investment income Unreslricled Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable Independent examination fees 2023 2022 Fees payable lo the independent examiner for.. Independent examination of the financial statements 675 650 Staff costs The average head count of employees during the year was Nil12022'. Nil). No employee received employee benefits of more than £60,000 during the year12022. Nil} Trustee remuneration and expenses no remuneration or other benefits from employment with the charity or a related entity were received by the trustees Debtors 2023 2022 Trade debtors 1,000 Ederney Village in Bloom Notes to the Financial Statements (continuedj Year ended 31 March 2023 10. Creditors: amounts falling due within one year 2023 2022 Trade creditors Grant in Advance 1,325 435 650 1,760 650 Ederney Village in Bloom Management Information Year ended 31 March 2023 The following pages do not form part of the financial statements. Ederney Village in Bloom Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Income and endowments Donations and legacies Ederney Community Development Trust S.E.C.A.D. F.O.D.C. S.S.E. D.A.E.R.A C.F.N.l. 8,495 353 626 13,596 3,000 1,098 1,565 19,259 9,474 Investment income Bank interest receivable Total income 19,264 9,476 Expenditure Expenditure on charitable activities Legal and professional fees I nlerest on bank loans and overdrafts Project Costs 675 30 14,864 650 8,447 15,569 9,110 Total expenditure 15,569 9,110 Net income 3,695 366 Ederney Village in Bloom Notes to the Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Expenditure on charitable activities Activity type 1 Activities undertaken directly Direct charitable activity 1 legal and professional fees Direct charitable activity 1 interest on ban k loans and overdrafts Direct charitable activity 1 Project Costs 675 30 14,864 650 8,447 15,569 9,110 Expenditure on charitable activities 15,569 9,110 14