COMPANY REGISTRATION NUMBER: N1031653 CHARITY REGISTRATION NUMBER: 108595 Altamuskin Communit Association Limited Charitable Com an Limited b Guarantee Annual Re ort and Financial Statements for the ear ended 31 Januar 2024
Altamuskin Communit Association Limited ort and accounts Contents Page Trustees and advisors Trustees, Annual Report (incorporating the director's report) Independent Examiner's Report Statement of Financial Activities {including income and expenditure account) 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
Altamuskin Communi Association Limited Charitable Com an Limited b Guarantee Trustees and advisors Directorsrrrustees Michael Broderick Mark Mullin Kim Mullin Michael McDermott Stephen Mullin Briege Beattie Orla O'sullivan Darren Mccann Caroline Conroy (Treasurer) Aine Donnelly (Assistant Treasurer) Company Secretary Clara Tierney Accountantsllndependent examiner Tyrone Accountancy Services 8-10 Church Street Omagh Co. Tyrone BT78 1 DG Bankers Bank of Ireland 25 Campsie Road Omagh Co. Tyrone BT79 OAE Solicitors Logan & Corry Bank Buildings 20 High Street Omagh Co. Tyrone BT78 1 BQ Registered office 173 Altamuskin Road Sixmilecr05S Co. Tyrone BT79 9JA Registered number N1031653
Altamuskin Communit Association Limited Re istered number: Directors, Re ort N1031653 The directors present their report and accounts for the year ended 31 January 2024. Principal activities The company's principal activity during the year continued to be that of promoting the benefits of the inhabitants of the Altamuskin area. Directors The following persons seNed as directors during the year.. Michael Broderi¢k Mark Mullin Kim Mullin Michael McDermott stephen Mullin Briege Beattie Orla O'sullivan Darren Mccann Caroline Conroy (Treasurer) Aine Donnelly (Assistant Treasurer) Small company provisions This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 17 October 2024 and signed on its behalf. A4.-L fyl.11,. NlarflLMUtIllP5. 2024, 3'.04pml Director
Altamuskin Communi Charitable Com an istered number: Trustees, Annual Re ort incor oratin for the ear ended 31 Janua 2024 Association Llmited Limited b Guarantee N1031653 the director's re ort The directors, who are the trustees for the purpose of charity law, present their report and financial statements for the year ended 31 January 2024. The financial statements for the year ended 31 January 2024 follow on page 7, and they are preceded by the Report of the Independent Examiner. Structure, governance and managemont Altamuskin Community Association Limited is a Northern Ireland based charitable company, limited by guarantee, incorporated on 25 November 1996. The Company registration number is N1031653. The organisation is registered with the Charity Commission for Northern Ireland. The registration number is 108595. The principal office addres5 is 173 Altamuskin Road, Sixmilecross, Omagh. Co Tyrone, BT79 9JB. The company was established under a Memorandum of Association which establishes the objects and powers of the charitable company and is governed under its Articles of Association. Objectives and activities - Charitable purposes The Company's objects are to promote the benefit of the inhabitants of the Altamuskin area and the surrounding townlands without distinction of sect (sex), political, religious or other opinion in order to advance the interests of social we]fare for recreation and leisure time occupations with the object of improving the education and conditions of life for the inhabitants and in particular to establish and maintain activities of a social nature for all citizens of the area and where possible to alleviate any poverty in the area. Public Benefit statement The purpose of Altamuskin Community Association is to provide facilities for the Magic Roundabout Playgroup, Moyenir Credit Union, Saint Brigid's Youth Club, Altamuskin Cycle Club and the BodyTec Gym. The facilitie5 are used by the people of Altamuskin and surrounding areas, Garvaghey, Glencull, 8allygawley, Cloughfin, Carrickmore and more. The centre accommodates communitylfamily events. such as parties. funeral dinners, fvndrai5ers, indoor soccer and other cross community event5. The centre also ha5 close links wtth the local primary school. The centre was opened in 1998 and has been run by Altamuskin Community Association ever since. There have been several committees, each one passing on a thriving. vibrant and well maintained building. The direct benefits flowing from this purpose include improved physical health and mental well being by using the gym and exercise classes,. increased social interaction through the recreational classes such as sewing and flower arranging. The playgroup which provides high quality childcare locally enables parents to have some time away from caring responsibilities in which case they can recharge their batteries leading lo a less stressful lifestyle. The centre facilitates the Credit Union which alleviates local poverty through low cost loans and encouraging people to save. Local farmers have availed of the IT courses held in the centre which has helped them conduct their business more efficiently and in turn meet the Departments expedations of submitting forms online. These benefits can be evidenced by increasing numbers attending events, classes and the gym. verbal feedback from participants, written feedback from our comments box. numbers of commentsllikes on facebook, and also increased engagement and interest from our community. The purposes of our charity will not lead to any ham. The charity's beneficiaries are people within the Altamuskin area and surrounding townlands. There is no private benefit flowing from our purposes.
Altamuskin Communit Association Limited Charitable Com an Llmited b Guarantee istered number: Trustees, Annual Re ort incor for the ear ended 31 Janua N1031653 oratin 2024 thè dsrectorfs Ye ort Taxation status The organisation is a registered charity, and we have therefore daimed exemption from corporation tax. Achievements and performance We are progressing on our objectives and targets and believe that our work is providing a great benefit to the local community, especially in the wake of the Covid-19 pandemiG and the current economic crisis in the country. Financial review The organisation had another successful year in which the net assets remain relatively stable at £53,131. The trustees believe that the tharity is in a strong financial position and are confident the re5etves of the company are of a sufficient level to be able to continue the artivities of the charity and to serve their beneficiaries for many years to come. The unrestricted reserves are available for use at the discretion of the trustees in fLfrtherance of the general objectives of the charity. Finance reseNes are set aside to protect the charity against drops in income. The balance in the charity's bank account at the balance sheet date is £9,771. Independent Examiner At the annual general meeting it was proposed that Tyrone Accountancy Services Ltd would be re-elected as accountantslindependent examiner for the incoming year. Small company provisions The report has been prepared in accordane with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Altamuskin Communi Charitsble Com an Re istered number: Trustees. Annual Re ort incor for the ear ended 31 Janua 2024 Association Limited Limited b Guarantee N1031653 oratin the director's re ort Trustees The trustees of the organisation during the financial period and the period up to the date of the approval of these financial statements were.. Michael Broderick Mark Mullin Kim Mullin Michael McDermott Stephen Mullin Briege Beattie Orla O'sullivan Darren Mccann Caroline Conroy (Treasurer) Aine Donnelly (Assistant Treasurer) Clara Tiemey ststement of Trustees, Responsibilities The trustees are responsible for preparing the Annual Report and the financial statements in accordance with appliGable law and regulations. The trustees are required to prepare financial statements for each financial year. In preparing Ihe financial statements, the trustees are required to'.- select 5Ultable accounting policies and Ihen apply them consistently., make judgements and estimates that are reasonable and prudent-. and prepare the financial statements on a going concern basis unless it is inappropriate to presume that the organisation will continue in business. The trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy at any time, the financial position of the organisation and that enable them to ensure that the financial statements comply with the requirements of The Regulator for Charities in Northern Ireland. They are also responsible to safeguarding the assets of the organisation and hence taking reasonable steps for the presentation and detection of fraud and other irregularities. statement of Trustees. Confimiations In the case of each of the persons who are trustees at the time when the report is approved, the following applies.. a) so far as each trustee is aware, there is no relevant information of which the company's independent bl each trustee has taken all the steps that he or she ought to have taken as a trustee in order to make himself or herself aware of any relevant information and to establish that the organisation's independent examiner is aware of the information. Ilutt 25, 2024, 3'.04prnl 17 October 2024
Altamuskin Communit Association Limited Charitable Com an Limited b Guarantee Inde endent Examiner's Re ort to the trustees of Altamuskin Communit Association Limited for the ear ended 31 Janua 2024 We report on the accounts of the charity for the year ended 31 January 2024, which are set out on pages 7t08. Respective responsibilities of the charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with Charities Act (Northern Ireland) 2008. It is our responsibility to.. examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008 follow the procedures laid down in the general Directions given by the Charity commission for Northern Ireland under section 65(91(b) of the Charities Act (Northern Ireland) 2008 state whether particular matters have come to my 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 Northem Ireland under section 65{91(b) ofthe Charities Act. Our 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 conceming any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe.. 1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006- 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 and with methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland., or 4.That there is further information needed for proper understanding of the accounts to be reached. Independent examiner's statemènt We have completed our examination and have no conGerns in respect of the matters listed above and, in onnection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. Mr Ruairi Dundas Independent examiner On behalf of.. Tyrone Accountancy Services Ltd Chartered Accountants 8-10 Church Street Omagh Co Tyrone BT78 1 DG 17 October 2024
Altamuskin Comrnuni Charitsble Com Association Limited Limited b Guar ntee Statement of financial activities for th ear ended 31 Janua includin 24 income and ox endlture account Notes 2024 Unrestricted funds 2024 Restricted funds 2024 Totsl funds 2023 Total funds Income Donations and legacies Other trading aetivilies Total income 3,387 21,090 24,477 3,387 21,090 24,477 1,420 14,574 15,994 Expenditure Expenditure on charitable activities 23.846 23.846 16,761 Net incornel ex enditure 631 631 767 Transfers between funds Net movement in funds 631 631 767 Reconciliation of funds Total funds brought fotward Total funds carried forward 52,SOO 53.131 52,500 53,131 53,267 All of the activities of Ihe charitable company aTe classed as continuing. The Statement of Financial Activities includes all gains ancs losses recogllised during the year. The notes on pages 9 to 12 form an integral part of the financial statemenls.
Altamuskin Communit Association Limited Re istered number.. N1031653 Balance Sheet as at 31 Janua 2024 Notes 2024 2023 Fixed assets Tangible assels 43,590 45,904 Current assets Debtors Cash at bank and in hand 1.484 9,771 11,255 2,901 9,602 12,503 Creditors: amounts falling due within one year (1,715) (5,907) Net current assets 9,540 6,596 Net assets 53,131 52,500 Funds of the charity Unrestricted funds 53,131 53,131 52,500 52,500 Total charity funds The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. The notes on pages 9 to 12 form an integral part of the financial statements. <..L M.11,. 2024, 3.'04pml Director Approved by the board on 17 October 2024
Altamuskin Communit Association Limited Notes to the Accounts for the ear ended 31 Janua 2024 Accountin olicies Basis of preparation The financial statements have been prepared under the historical cost convention with items recognised at C05t or transaction values unless otherwise stated in the relevant notes to these accounts. The financial ststements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) effective 1 January 2015 Charities SORP (FRS 102). the Companies Act 2006 and the Charities Act 2011. The currency used for the reporting of these financial statements is Sterling (£1 Income All incoming resources are included in the statement of financial activities when the charitable company is entitled to the income and the amount can be quantified with reasonable accuracy. Incoming resources includes all voluntary and fundraising income from charitable activities. Voluntary income received by way of donations and gifts to the charity is included in full in the statement of Financial Activities when receivable. Fundraising income is credited to incoming resources when received. If the income relates to a particular event happening after the financial year end, it is deferred. Other income from charitable aclivities includes rent from property held for charitable purposes. Thi5 income is applied for charitable purposes only and included in full in the Statement of Financial Activities when receivable. Resources explained Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure excludes VAT, and is classified under the heading of 'expenditure on charitable activities,. This includes all costs incurred by the charity in undertaking activitie5 that further its charitable aims for the benefit of its beneficiaries, inc5uding those support costs and costs relating to the governance of the charity apportioned to charitable activities. Judgements and key sources of estimation uncertainty The preparation of Ihe financial statements requires managemenl to make judgements, estimates and assumptions thal affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No judgements that management has made in the process of applying the entitvs accounting policies have a significant effect on the amounts recognised in the financial statements. No accounting estimates or assumptions have been made.
Altamuskln Communit Association Limited Notes to the Accounts for the ear ended 31 Janua 2024 Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows-. Land and buildings Plant and machinery etc 20A straight line 15 % reducing balance Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost detemiined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the Invol price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation Altamuskin Community Association is a registered charity and, as such, is entitled to certain tax exemptions on income and profits from investments and surpluse5 on any trading activities carried on in furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. 2 Em 2024 Number 2023 Number Average number of persons employed by the company No trustees have been paid any remuneration or received any other benefits from the charity. No trustee expenses have been incurred. 3 Donations and le acies 2024 2023 Unrestrlcted funds Donations 3,387 1,420 3,387 1,420 Restricted funds Total income from other trading activltles 3.387 1,420 10
Altamuskin Communit Association Limited Notes to the Accounts for the ear ended 31 Janua 2024 4 Other tradin activities 2024 2023 Unrestricted funds Fundraising income Gym membership Rent received 8,980 3,720 8,390 2,338 5,400 6,836 21,090 14,574 Restricted funds Total income from other trading activities 21.090 14,574 5 Ex enditure on charitsble activities b fund 2024 2023 unStriCted funds Charitsble activities.. support costs Accountancy fees Independent examination services 22,311 768 768 15,631 565 565 16,761 23,846 Restricted funds Total resources expended 16,761 6 Tan ible fixed assets Plant and machinery etc Land and buildings Total Cost At 1 February 2023 At 31 January 2024 74,851 74,851 42,110 42,110 116,961 116,961 Depreciation At 1 February 2023 Charge for the year At 31 January 2024 34,401 1,495 35,896 36,656 819 37,475 71,057 2,314 73,371 Net book value At 31 January 2024 38,955 4,635 43,590 At 31 January 2023 40,450 5,454 45,904
Altamuskin Communit Association Limited Notes to the Accounts for the ear ended 31 Janua 2024 7 Debtors 2024 2023 Trade debtors VAT account 1,691 1,210 2,901 1,484 1,484 8 Creditors: amounts fallin due within one ear 2024 2023 Trade creditors Other creditors 1,072 644 3,334 2,573 5,907 1,715 9 Analysis of charitable funds 2024 2023 Unrestricted funds At 1 February 2023 Incomel(Expenditure) Transfers {to)Ifrom funds At 31 January 2024 52,500 631 53,267 12.267) 1,500 52,500 53,131 Restricted funds At 1 February 2023 Incomel(ExpenditureJ Transfers (to)Ifrom funds At 31 January 2024 1,500 (1,500) 10 Other information Altamuskin Community Association Limited is a private company limited by guarantee without share capital and incorporated in Northern Ireland. Its registered office is.. 173 Altamu5kin Road Sixmilecross Co. Tyrone BT79 9JA 12
Altamuskin Communi Association Limitod Detsiled statement of financial activities for the ear ended 31 Janua 2024 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2023 Total funds Income 24,477 24,477 15,994 Expenditure on charitable activities Premises costs Administrative expenses Legal and professional costs 6,583 15,728 1,535 23,846 6,583 15,728 1,535 23.846 6,174 9,457 1.130 16.761 Net incomel ex enditure for the ear 631 631 (767) 13
Altamuskin Communl Association Limited Detailed Statement of financial activlties for the ear ended 31 Janua 2024 Unrestri ted funds 2024 Restricted funds 2024 Total funds Total funds 2024 2023 Income Donations Gym membership Fundraising events Rent received 3,387 3,720 8.980 8.390 3,387 3,720 8,980 8,390 1,420 5,400 2,338 6,836 Expenditure on charitable activites Premises costs.. Light and heat 6,583 6,583 6,583 6,174 6,174 General administrative expenses.. Bank charges Cleaning & consumables Deprecialion Fundraising expenses Insurance Repairs & maintenance Stationery & prinling Sundry expenses Telephone Water rates 150 2.537 2,314 3,052 1,851 3,894 329 363 899 339 15,728 150 2,537 2,314 3,052 1.851 3,894 329 363 899 339 108 1,655 2,458 3,280 2,051 379 242 621 165 9,457 Legal and professional costs.. Accountsncy fees 1,535 1.535 1.535 1,535 1,130 1,130 23.846 23,846 16,761 14