Charlty number: 108227 Kno¢ks People's Community Enterprises Trustees, report and financial statements for the year ¢Dded 31 March 2025 Knocks People's Community Enterpri$e$ Contents Paee Legal and administrative infornntion Trustees report Independent examiners. report Statement of financial activities B21an¢e sheet Notes to the financial statements Knoeks People's Community Enterprises Legal and administrative inforniation Charity Dumber 108227 Registered office 39 Knocks Road Lisnaskea Co. Fernianagh BT92 SAT Trustees Eamon Keenan Bany MutTay Paul McGoldrick James Maguire Aecountsnts Crudden Dolan Limited 23-25 Darling Street Enniskillen Co. Fem)anagh BT74 7DP Bankers Ulster Bank Darling Street EnDiskillen Page I Knocks People's Community Enterprises Report of the trustees for the ycar Cnded 31 Mareh 2025 The tWStees present their report and the financial statements for the year ended 31 March 2025. The tnistees who served during the year and up to the date of this report are sct out on page l. Structure, governance and managemellt Who we are KPCE was established io insofar, as is charitable in law. promote the benefit of the inhabitants of th¢ Knocks and Eme E8stlFernianagh areas. Mythout distinction of age, gender, race, political, religious or other opinion. Objective5 and activitie5 The benefits ofour setvice It is hoped the service users will be alTorded greater access to arts and recreation allowing them th¢ opportunity to explore individual creativity- Achievements and performance The Charity continues to receive support from its volunteer% and the goodwill of the service users and their farnilie4 &$ well as members of th¢ g¢nerdl public, to a]low this vital service to be perfotmed for the foreseeable future. Finaneial review Statement of trnstees, r&sponsibilities The tNstee5 are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Chartiies Act (Nl) 2008 & Amended 2022 and c￿tieS SORP {FRS 102)). Law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for ¢ach financial year which give a true and f2ir view of charity and of the incoming r¢sourte5 2nd applicaiion of resources of the charity for that year. In preparing these financial statemcnts the trustees are required to: select suitabl¢ accountlll8 policies and then apply them wn$islently' observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting StandJrds have been followed, subject to any material departures disclosed and explained in Éh¢ financial 5tBtemenis- and prepare the financial stat¢ments on the going concern basis unles5 it is inappropriate to presume that the Charity will continue In operntion. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the finan¢ial position of the charity and enable them to ensure that the rtnancial statements comply with the the Charities Act (Nl) 2008 . They are also responsible for safeguarding the assets of the charsty and hence for takillg ieasonable $t¢ps for the prevention and detection of fraud and oth¢r irregularities. Page 2 Knocks People's Community Enterprise5 Report orth¥ trusttLs for the year ended .31 March 2025 OTr beknll nf (he boarLJ Barry Murray Trustee ThESIL* 18 Moy 2V?6 Page 3 Knocks People's Community Enterpri5e5 Independent examiner's report to the tru5tecs on th¢ unaudited financial statements of Knocks People's Community Enterprises. I report on the accounts of Knocks People's Comrnunity Enlerpri5es for the year ended 31 March 2025 set out on pages 2 to9. Respective responsibitities of tr115tees alld illdependeDt examiller As the charity's trustee5 you are responsible for the preparation of the accounts in accordance with the Charities A¢t (Northern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act follow th¢ pro¢￿￿r¢S laid down in the g¢n¢ral Directions given by the Commission under section 65 (9)(b) of the Charities Act slate whether particular matters have come to my attention. Basis of independent examiner's ststement 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 generdl Directions given by the Charity Commission for Northern Ireland under section 65(9Xb) of the Charities Act. My ex2mination included a review of the accottnting reeords kept by the charity and a compftrison of the accounts presented with those records. It also included consideration of any unusual items or di5c105ur¢s in the accounts. and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matteTS have come to my attention giving me cause to believe: l. That accounting records were not kept in a¢¢ordan¢e with 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 ac¢ounting requirements gf the Charities Act 4. That there is furthei inforn￿tIon needed for a proper understanding of the accounts to be reached. Independent eiaminer's statement I have completed rny examination and have no concems in respect of ihe matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attentton. Catherine Crndden FCA Independent examiner Crudden Dolan Limited 23-25 D2rlinE Street Ennisltillen Co. Fermanagh BT74 7DP Page 4 Knocks People's Community Enterprise5 Statement of financial activities For the year ended 31 Mareh 2025 Unrestricted funds 2025 Totsl 2024 Total Not Incoming resources Incoming resources from generating funds= Voluntary income Activities for generating funds Incoming resources from charitsble activities 7,720 6.841 4.933 7,720 6.841 4,933 5,859 Totgl incoming resources 19,494 19.494 5.859 Resourees expended Cost of generatints voluntary income C05t of goods sold and other costs Governance Costs 5,750 6,453 8.044 5.750 6,453 8,044 2,856 TolAI resources expended 20,247 20,247 2,856 Nei Income for tht year (753) (753) 3,003 Net movement in funds (753) (753) 3,003 Total funds brought forward Prior year adjustment 5.666 5.666 2.705 142) Restated totsl ￿ndS brought fotivard 5,666 5,666 2.663 Total funds earried fonvgrd 4,913 4,913 5,666 The notes on pages 7 to 9 form integr81 part of these finaTrcial statements. Page 5 Knocks People's Community Enterprises Balance sheet as at 31 March 2025 2025 2024 Notes Fixed #ssets Tangible assets Current assets Cash at bank and in hand I,(K)O 1,000 3,913 4.666 3,913 4,666 Net current xssets 3,913 4,666 Net assets 4,913 5,666 Funds Unrestricted incolne fund$ 4.913 5.666 Tolai funds 4,913 5,666 The financial stst¢merns were approved by the trustees on 18 May 2026 and signed on its behalf by Bary Murray Trustee Trustee The notes OD pages 7 to 9 forfft integral part of thest financial statements. Pjge 6 Knocks People's Community EDterprises Notes to financial statements for the year ended 31 Mar¢h 2025 Aceounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout th¢ y¢ar and the pr¢¢￿Ing year. B8sis of aceounting The financial stalements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'A¢counting and Reporting by Charitie5' effective January 2016 (SORP FRS 102) and the Charities Act (Nl) 2008 & Amended 2022. 1.2. Incoming resources All incoming resources are included in the statement of financial activitie5 when the charity is entitled to the income and ihe amount can be quantified with reasonable accurncy. The following specific policies are applied io particular categories of income.. Voluntary incoTne is received by way of grant5, donations and gifts and is included in full in (he statement of financial activities when receivable. Grants where entitlement is not Conditional on the delivery of a 5p¢cifi perfomiancc by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this ¢an be quantified. The value of s¢rvice5 provided by volunteers has not been included. Gifts donated for rcsale are included 1% incoming resources Mrithin activities for generating fijnds when they aTe sold. Grdnts, including granis for the purchase of fixed assety are recO￿)iSed in full in the statement of fIna￿¢la1 activities in the y¢ar in which they are receivable. 1.3. Re50urce5 expended Expenditure is recognised on an acc￿￿[ basis as a liability is incurred. Expenditure includes any VAT which cannot be fvlly recovered, and is retx)rted as part of the expenditure to which it relates. Charitable expenditure cotnprises those costs incurred by the charity in the dclivery of its activitie5 and services for tts beneficiaries. It includes both cost5 that can be allocated directly to such activittes and those costs of an indirect nature necessary to support them. Fundraising costs are those in¢urred io seeking voluntary contributions and do not include the costs of dtsseminating inforniation in support of the ¢haritsble activities. 1.4. Tangible fRxed assets and depreciation Tangible fixed assets are ststed at cost less accumulated depreciation. Depreciation is provided at rat¢s calculated io wriie off th¢ ¢ost less r¢sidual valu¢ of each asset over its expected useful lif< as follows: Fix￿re9, fittings and equipment 25Yu S￿lsht line Page 7 Knocks People's Community Ent¢rpri$¢$ Notes to financial $tat¢ments for the year ended 31 March 2025 Voluntary ineome Unrestricted funds 2025 Total 2024 Total Rent income to KPCE Donations received 7.720 7.720 2,000 3,859 7.720 7,720 5.859 Activities for generating funds Unrestricted funds 2025 Total 2024 Total Oih¢r activities for generaling funds income 6.841 6.841 6.841 6,841 Incoming resourees from ¢haritable aetivitKes Unrestricted funds 2025 Total 2024 Tot31 Grants 4.933 4,933 4,933 4,933 Employees Employment costs No salarie5 or wages have been paid to employee4 including the tnjstees, during the year. Number of employee5 The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, wa5 as follows.. 2025 Number 2024 Number Page 8 Knocks People's Community Enterprise5 Notes to finaneial statements for the year ended 31 March 2025 Fixtures, rittimgs and equipment Tangible fixed assets Totsl Cost At 31 March 2025 1.000 1.000 Net book values At 31 March 2025 1,000 1,000 At 31 March 2024 1,000 1,000 Analysfis of net assets between funds Unrestricted funds Totsl funds Fund balances at 31 March 2025 as represented by: Cash & Bank Balances 3,913 3,913 3,913 3,913 Unrestricted funds At 6th April Incoming Outgoing resollrce5 resources At 5th April 2025 Genernl fund 2,663 5,859 (2,856) 5.666 P4g¢ 9 Knocks Peopl¢'s Community Enterprises The following pages do not form part of the statutory accounts. Knocks P¢ople's Community Enterprises Detailed statement of fmancial aetiviti For the year ended 31 Mareh 2025 2025 2024 neoming resouree5 Ineoming resources from generntlng funds: Volunlary income Rent income to KPCE Donations received 7,720 2.000 3.859 7,720 5,859 Act￿11￿￿￿0r genertslingfunds Other activitie5 for generating funds income 6,841 6,841 Total incoming resources from generating fmllds 14,561 5.859 In¢oming resour¢es from charltsble activities Grants 4,933 4,933 Total incoming resources 19,494 5.859 Granls Gtants- Other costs 5,750 5,750 Totsl eost of generating voluntary income 5,750 Adivity 2 Activity 2- Purchases 6,453 6,453 Total fundrnisillg trAding cost of goods sold and other ￿sts 6,453 Total costs of generating funds 12,203 Page 11 Knock% People's Community Enterprises Delailed statement of financial acttvities For the year ended 31 March 2025 2025 2024 Charitable gttivities Governall¢e costs Ac¢ivi¢ies underlakeK dirgcily Establishment- Rent Establi5hment- Rates & water Establishment- Repairs & maintenance Establishment- Other Other motor & trdvel expenses Proftssional- Other 6,500 86 121 137 2.000 856 1,2(M) 8,044 2.856 Total governance Costs 2,856 Net illeomingl(outgoing) resources for the year (753) 3,003 Page 12