Ballinran Community Association IA company Ilmlted by guarantee. not having ¥ share capltall Directors, Report and Unaudited Financial Statements for the financial year ended 30 September 2023
Ballinran Community Association IA company limited by guaraniee, not havlng a share capltall CONTENTS Page Directors and Other Information Directors, Report Accountants, Report Profit and Loss Account Balance Sheet Accounting Policies Notes to the Financial Stalements 9-10 Supplementary Information on Trading Statement 12-14 Supplementary Information on Profit and Loss Account and Trading Statement by Cost Centre 15-18
Ballinran Community Association IA company limited by guarantee. not having a share capitall DIRECTORS AND OTHER INFORMATION Directors Mr. James Norris Mr Rodney James Eakins Mr Robert Mitchell Donaldson Mr. Cyril Arnold Mcmurray Mr. John Derek Parke Company Secretary Mr. Rodney James Eakins Company Registration Number N1047765 Registgrèd Office 46 Ballinran Road Ki1keel Co. Down BT34 4JA Accountants Philip Donnan & Co Accountants 2 Duke Street Warrenpoint Newry BT34 3JY Northern Ireland
Ballinran Community Association (A company limited by guarantee, not having a share capital) DIRECTORS' REPORT
for the financial year ended 30 September 2023
The directors present their report and the unaudited financial statements for the financial year ended 30 September 2023.
Principal Activit[y ]
The main objective of the organisation is to establish, provide and equip a Community Centre for the benefit of all the enhabitants of the Ballin ran and wider areas.
The Company is limited by guarantee not having a share capital.
Financial Results
The (loss)/profit for the financial year amounted to £(96) (2022 - £1,941).
Directors
The directors who served during the financial year are as follows:
Mr. James Norris
Mr. Rodney James Eakins
Mr. Robert Mitchell Donaldson
Mr. Cyril Arnold McMurray
Mr. John Derek Parke
There were no changes in shareholdings between 30 September 2023 and the date of signing the financial statements.
In accordance with the Articles of Association, the directors retire by rotation and, being eligible, offer themselves for re-election.
Political Contributions
The company did not make any disclosable political donations in the current financial year.
Special provisions relatin[g ] to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
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Ballinran Community Association
(A company limited by guarantee, not having a share capital) ACCOUNTANTS'REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of Ballinran Community Association for the financial year ended 30 September 2023
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 September 2023 as set out on pages 6 to 10 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
This report is made solely to the Board of Directors of Ballinran Community Association, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
We have carried out this engagement in accordance with guidance issued by and have complied with the relevant ethical guidance laid down by relating to members undertaking the compilation of financial statements.
You have acknowledged on the Balance Sheet for the year ended 30 September 2023 your duty to ensure that Ballinran Community Association has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ballinran Community Association. You consider that Ballinran Community Association is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Ballinran Community Association. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
PUO-�l
PHILIP DONNAN & CO
Accountants 2 Duke Street Warren point Newry BT34 3JY Northern Ireland Date: 1 < --/l""---Z,�
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Ballinran Community Association IA company Ilmited by guarantee, not having • share capitall PROFIT AND LOSS ACCOUNT for the financial year ended 30 September 2023 2023 2022 Notes Turnover 13,100 14,240 Gross profit 13,100 14,240 Administrative expenses Other operating income 120,3541 7,164 117,2991 5,000 Operating1108s}Iprofit {901 1,941 Interest payable and similar expenses 161 ILos$llprofit before taxatlon 1961 1.941 Tax on Ilos$llprofil ILo8sllprofit for the financial ygar 961 1,941 The company has no recognised gains or losses other than the for the financial year. The results lor the financial year have been calculated on the historical cost basis. The company's turnover and expenses all relate lo ¢onlinuing operations. The notes on pages 9 to 10 form part of the financial statements
Ballinran Community Association {A company limited by guarantee, not having a share capital) Company Registration Number: NI047765 BALANCE SHEET
as at 30 September 2023
| 2023 Notes £ Fixed Assets Tangible assets 3 501,831 Current Assets Debtors 4 12,800 Cash at bank and in hand 21,098 33,898 Creditors: amounts falling due within one year 5 (7,393) Net Current Assets 26,505 Total Assets less Current Liabilities 528,336 Reserves Capital reserves and funds 544,200 Retained deficit (15,864) Members' Funds 6 528,336 |
2022 £ 501,831 12,800 19,108 31,908 (5,307) 26,601 528,432 544,200 (15,768) 528,432 |
|---|---|
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
Approved by the Board and authorised for issue on 30th June 2024 and signed on its behalf by
The notes on pages 9 to 10 form part of the financial statements
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Ballinran Community Association IA company limited by guarantee, not having a share capltall ACCOUNTING POLICIES for the financial year ended 30 September 2023 Basis of preparation The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and the financial reporting standards. Cash flow ststemènt The company has availed of the exemption in FRS 1 from the requirement lo produce a Cash Flow Statement because it is classified as a small company. Turnover Turnover comprises the invoiee value of goods supplied by the company, exclusive of trade discounts and value added tax. Tangible assets and depreciation Tangible assets are slated at cost or al valuation. less a¢¢umulated depreciation. The charge lo depreciation 1$ calculated to write off the original cost or valuation ol tangible assets, less their eslimaled residual value, over their expe¢led useful lives as follows.. Long leasehold property Fixtures, fittings and equipment not depreciated 1 Oyo Siraighl line The carrying values of tangible fixed assets are reviewed annually for impaiment in periods if events or changes in ¢ir¢umslances indicate the carrying value may not be recoverable. Taxation Current lax represents the amount expected lo be paid or recovered in respect ol taxable profits for the financial year and Is calculated using the lax rates and laws that have been enacted or $ubslanlially enacted at the Balance Sheet dale. Deferred tax is recognised in respect of all liming differen$ that have originated but not reversed al the balance sheet date where transactions or events have occurred al that date that will result In an obligation lo pay more lax in the future, or a right lo pay less lax in the future. Timing differences are temporary differenees between the company, taxable profits and ils results as slated in the financial slalemenls. Deferred tax Is measured on an undiscounled basis al the lax rates that are anticipated lo apply in the periods in which the timing differen$ are expected lo reverse, based on lax rates and laws that have been enacted or substantively enacted by the balance $heet dale. Government grants Capital grants received and receivable are Irealed as deferred income and amortisèd to the Profil and Loss Account annually over the useful economic life of the asset lo which il relates. Révenue grants are credited lo the Profil and Loss Account when received. Forèign currencl&8 Monetary assets and liabilities denominated in foreign currencio5 are translated al the rates of exchange ruling al the balance sheet dale. Transactions. during the year. which are denominated In foreign Currencies are translated al the rates ol exchange ruling al the date of the Iransaclion. The resulting exchange differences are dealt with in the Profil and Loss A¢¢ounl.
Ballinran Community Association NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2023 Interest payable and similar expenses 2023 2022 On bank loans and overdrafts Employees The average monthly number of employees. including directors, during the financial year was 0.0010, 12022 01 Tangible assets Long Fixtures, 1oa89hold fittings and property èquipment Total Cost At 1 October 2022 501,831 78,355 580.186 At 30 September 2023 501,831 78,355 580,186 Depreciation At 1 October 2022 78,355 78,355 At 30 September 2023 78,355 78,355 Net book valug AI 30 September 2023 501,831 501,831 At 30 September 2022 501.831 501,831 O•btor8 2023 2022 Amounts owed by related parties Other debtors 8,000 4,800 8,000 4,800 12,800 12.800 Creditors Amounts falling due within one year 2023 2022 Bank overdrafts User definable loan desc. Payments received on aceounl Accruals 56 4,937 2,000 400 20 4.937 350 7,393 5,307 Reconciliation of movements in members. funds 2023 2022 (Lossllprofil for the financial year Opening members, funds 1961 528.432 1,941 526,491 Closing members, funds 528,336 528.432
continued Ballinran Community Association NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 September 2023 Capitsl commitments The company had no material capital commitments al the financial year-ended 30 September 2023. Post.8alance Sheet Events There have been no significant events affecting the Company since the financial year-end. 10
BALLINRAN COMMUNITY ASSOCIATION IA ¢ompany limlted by guarantee. not having a share ¢apltall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 202
Ballinran Community Association IA Company limited by guarantee. not having a share capitall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS TRADING STATEMENT for the financial year ended 30 September 2023 2023 2022 Schedule Sales 13,100 14.240 Gross profil Percentage 100.0°10 Overhead expenses 120,3601 117,2991 17.2601 13,0591 Miscellaneous Income 7,164 5.000 Net Ilossllprofit 1961 1,941 The supplementary information does not form part of the financial statements 12
Ballinran Community Association IA company Ilmited by guarantee. not having a shar• eapitall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 1 .' OVERHEAD EXPENSES for the financial year ended 30 September 2023 2023 2022 Administration Expenses Staff training Rent payable Rates Service charges Insurance Light and heat Repairs and maintenance Telephone Entertaining Legal and professional Accountancy Bank charges Canteen General expenses 400 720 233 60 2,202 S,276 8,148 538 250 1,160 408 35 3.255 720 143 78 1,735 3,908 4,204 481 1.120 450 389 63 99 654 924 20,354 17,299 Flnanc• Bank interest paid Total Overheads 20,360 17.299 The supp1emenlary information does not form part of the financial slalemenls 13
Ballinran Community Association IA company limited by guarantee. not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 2 . MISCELLANEOUS INCOME for the financial year ended 30 September 2023 2023 2022 Miscellaneous Incomo Government grants received 7,164 5.000 The supplementary information does not fomi part of the financial statements 14
Ballinran Community Association IA company limited by guarantee, not having a share c3pitall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS PROFIT AND LOSS ACCOUNT for the financial year ended 30 September 2023 2023 2022 Notos Turnover 13.100 14,240 Gross profit 13,100 14,240 Administrative expenses Other operating income 120,3541 7,164 117,2991 5,000 Operating Ilossllprofit 1901 1,941 Interest payable and similar expenses 16} (Lossllprofit on ordinary activities bgforg taxation 1961 1,941 Tax on Ilossllprolit on ordinary activities ILos8)Iprofit for the financial year 1961 1,941 The supplementary information does not form part of the financial ststemenls 15
Ballinran Community Association IA company limited by guarantee, not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS TRADING STATEMENT for the financial year ended 30 September 2023 2023 2022 Schedule Sales 13.100 14,240 Overhead expenses 120,360) 117,2991 17,2601 13,0591 Miscellaneous income 7,164 5.000 Net Ilossllprofit 196} 1,941 The supplementary information does not form part of the financial statements 16
Ballinran Community Association IA company limited by guarantee, not havtng a share ¢apitall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE I . OVERHEAD EXPENSES for the financial year ended 30 September 2023 2023 2022 Administration Expenses Staff training Rent payable Rates Service charges Insuran Light and heal Repairs and maintenance Telephone Entertaining Legal and professional Accountancy Bank charges Canteen General expenses 400 720 233 60 2,202 5,276 8,148 538 250 1,160 408 3S 3,255 720 143 78 1.735 3.908 4.204 481 1,120 450 389 63 99 654 924 20,354 17,299 Finan¢9 Bank interest paid Total Ovèrhoads 20,380 17.299 The supplementary information does not form part of the financial slalemenls 17
Ballinran Community Association IA company Ilmlted by guarantee, not havlng # $hare capitAII SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 2 . MISCELLANEOUS INCOME for the financial year ended 30 September 2023 2023 2022 Misc8llan•ous Income Government grants rtteived 7,164 5,000 The supplementary information does not form part of the financial statement5 18