NORTHERN IRELAND CHARITY (NIC) NO: NIC 109480 CHARITY REGISTRATION NUMBER: XT29411 COMPANY NUMBER: N1606728 BURREN COMMUNITY ASSOCIATION LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 •ADID153S* 2011212024 COMPANIES HOUSE Ir28 BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by guarantee) BURREN COMMUNITY HALL, 14 BRIDGE ROAD, BURREN. WARRENPOINT, CO DOWN, BT34 3QT CONTENTS PAGE Charity Reference and Administrdtive Details Trustees. Annual Report (Including Directors, Report and Straregic Report) Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements 11-19 Detailed Income and Expenditure Account 20 BURREN COMMUNITY ASSOCIATIOIY LIMITED IA company limited by guan*tee) BURREN COMMUNITY HALL, 14 BRIDGE ROAD. BURREN, WARRENPOINT, CO DOWN, BT34 3QT Charity Reference and Admi*islrative Details Year Ended 31 M4r¢h 2024 Company Regislrarion Number N1606728 Charity Registration NuM￿r r29411 Northern Ireland Charity INIC) Number 109480 T￿￿te¢S A8roTr W￿d {Chairp¢rson) Aisling O'Rourke Isecretary) Shauna camp￿11 (Treasurer) Francis Doyle Edward Byme John Byme Seamus Doyle Brian Mallon James Ryan Paul Fe8an Registered OtTice Burren Communiry Hall 14 Bridge Road Burren Warrenwint Co Down BT34 3QT Independent Examiner Jonathan Faulkner FCCA Kennedy & Co Chartered Certifi￿1 Accountants & Registrred Auditor5 21 Ki]n￿leY Str Newry Co. tkswn BT34 2 DF Bankers Bank of Ireland 12 Trevor Hill Newy Co. fkjwn BT34 IDN BURREN COMMUNITY ASSOCIATION LIMITED (A tompany limited by guaTalltee BURREN COMMUNITY HALL 14 BRIDGE ROAD.'BURREN, WARRENPOINT: CO DOWN, BT34 3QT Trwtees, Attnual Report (Including Dirtetors. Report #nd Stratetic Re￿tyrt Year Ended 31 Mar¢h 2024 Th¢ irUs￿eS preseni iheir report and the independently examined finon¢ial statements of the charity for the year ended 31 March 2024. The irusiee5 have adopred th¢ PTovisions of ihe St￿emen1 of Recommended Praciice (SORP}"Accounting and Reponing by Charities in preparing the annjjal report and financial stsiemenLS of the charity- Tru$te¢s of the charity The directors of the chariiable company are its trustees for the purtx)ses of charity law. The trustee5 who hav¢ served during this yeaT and since the year end were as follows.. Aaron Ward (Chairperson) Aisling O'Rourke (Secretary) Shauna Campbell (Treasurer) Francis Doyle Edward Byme John Byrne Seamu5 Doyle Brian Mallon Jame5 Ryan Paul F¢gan Objettives artd Activities The charity prornot¢s the b¢Defit of the inhabitants of the Burren aTea. Newry and surroundin8 district_ li ￿[p9 th¢ inhkbitants. local authorities. voluntary and thr organisation5 in a cornmon effon io advance educaiirm. includiiig foreign language classes. io provide for the elderly a friendship club and luncheon club. to pre5crve the environrnenl and h¢ritJ8e of tht area of benefii and to provide facilities in the inieresi of social welfare for recreation and leisure lime occupation including Irish dan¢ing ¢la$5es. dancing classes. fam]ers meeiin& children's creche and playgroup, dramatic society. Burren bowling club, le¢n￿e and conftrence faciliiies, meeting and ail other initiative5 that the community may request pennission for io use the hall, wih the Obje￿ of improving the ¢ondilions ofiife for ihe said inhabirants. Publi£ benefit St¥t¢m¢nt Wc havr aLhi¢vrd our public benefii by providing the cornmwiity with rariliii￿ io cngage in a wide range of ￿ClaI, cultyral. recreational and ¢du¢ational activitie5. We have reviewed The Charity Commission for Northem Ireland guidance on public benefii and can confirni that we believe that we have satisfied the public twefii r¢quir¢m¢nt. Stra¢¢gic Report Achievemertts and performance The charity sueceeded in promoting the benefit of the inhabi￿nts of Bur(en. Newry and surrimmding district. Throughout the year, we made our ho11 availabk to a variety of voluntary. communiry and other owisaii(m engagirtg in activities such as drama. dancin& childrerts creche and playgroup. and other appropriate activities. We maintsined the hall and its conients, Ihereby ensuring its Continuous availability for th¢ public benefii. BURREN COMMUNITY ASSOCIATION LIMITED (A eompany limited by guarantee) BURREN COMMUNITY HALL, 14 BRIDGE ROAD, BURREN, WARRENPOINT, CO DOWN, BT34 3QT Trustees, Annual Report (Including Direetors, Report and Strategic Report) Year Ended 31 March 2024 Fin4nei41 review Reserves Policy The Board of Directors have examined the charity's requirements for reserves and wnsider the current level to exceed ihe requirements to continue operdtion throughout the 2025 and 2026 financial years. The current level of reserves available to the charity is £68,551. £27,892 of these funds are unrestricted. Thi> pivvidrs suifiLiriii fuii(L5" Iv Luvrf Lh*arildbl¢ ￿￿￿nd11urC, bUPWrt W5ts and ￿VCmancc c05t5. Structure, governance and management Th¢ board of directors Can only appoint new Irustees. A rnotion must be put forward by one director and a show of hands detennines if the majority a￿e¢s. The charity is a charitable company limited by guaranlee and was incorp)rated on 22 March 2011. It is governed by a memorandum of association. The charitable ￿mpanY'S registration number is N1606728 and its registered office is Burren Community Hall. 14 Bridge Road, Burren, WaTr¢npoinL Co Down, BT34 3QT. The company is approved as a charity under the temis of the Income and Corp)ration Taxes A¢t.1988 and the Charity Number is XT29411. The charitable company is registered with The Charity Comrnission for Northem Ireland and its NIC Number is 109480. BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by guarantee) BURREN COMMUNITY HALL, 14 BRIDGE ROAD, BURREN, WARRENPOINT. CO DOWN, BT34 3QT Trustees, Annual Report (Including Directors, Report and Strategic Report) Year Ended 31 Mareh 2024 Tru$tLY$' R￿pOnsibl11t1¢s The Trustees (who are also directors of Burren Comrnunity Association Limited for the purposes of company law) are responsible for preparing the Trustees, Annual Report (including the Directors, Report and Strategic Report) and ihe financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the twstees to prepare financial statements for each financial year, which give a true and fair view of th¢ stat¢ of affairs of thc charitable company and of the incoming 1¢souiGcs and applÉutÈon of i¢soui"c¢s, iiicludiiis th¢ income and expenditure. of the charitable company for that period. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP 2019 {FRS 102) make judgements and eslimates that are reasonable and prudent" state whether applicable UK Accounting Sthndard5 have been followed. subject w any material departures disclosed and explained in the financial siatements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate a¢counting records tha disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charirable company and hence for thking re&sonable steps for the prevention and detection of fraud and other irregularities. BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by guAr4ntee) BURREN COMMUNITY HALL 14 BRIDGE ROAD, BURREN, WARREIYPOINT, CO DOWN. BT34 3QT Trustees, Annual Report Ilncluding Dire¢lors' Re￿)rt *od Strategic Report) Year Ended 31 Marth 2024 The report of the trustees been prepared taking advantage of the small companies. exemption of Section 415A of the Companies Act 2006. Disclosure of informaton to tbe I￿ependent Examiner We. the directors of ihe company who held office at the date of approval of these Financial Stalements as sct out above each confirni, so far as we are aware. Ihat." there is no relevant inft*maiion of which the charitable compan￿5 InderKndent Examiner 15 unawar¢' and we have taken all ihe slep5 that we ought to have uk¢n as dir¢ciors in order to make ourselves aware of any relevani infomlation and to establish that the companys Independent Examiner is aware of th￿ inforniation. In approving the Trusttts. Annual ￿e￿r￿ we also approve the Directorg Rwrt and Stra*gi¢ Rep)rt included iheTeio in our capacity a5 a company directors. Approved by the Board on . 16 /x and signed on its behalf by: TRUSTEE: SHAUNA CAiKPBELL TRUSTEE: AISLING O'ROURKE BUPJiEN COMMUNITY ASSOCIATI(hY LIMITED IA company limi¥tO by guaranieei BURREN COMMUNITY HALL 14 BRIDGE ROAD, BURREN, WARRENPOINT. CO DOWN. BTJ4 3tyr Iftdependeni Examinerfs Report to ihe TnLSttts of Btyrrtn C•mthuAity Aswiition iirnittd I report to the charity wustees on my examLnation of the ¥touttts of the ¢(¥npany for the)trended 31 March 2024 whtch are sei oul on pages 9 to 19. Rtsptttive respon$lbllitks oftrnstees And eJamin¢r As ihe charity In￿TreS (and alsoihe difeciors of crffipany for the purposes of company lawl you a￿ r¢swx)sibk forihe preparnTion of the accounis in accordance with ihe Tequiremenis ofihe Crthpanies Aet 2(KJ6. Havithg satisfi¢d rnyself th* th¢ ¢hatity is subjtci 10 audii under company ￿w, and is eligible for independenl exarnirwi￿. li Is my rep)nsibility ￿_. examlne ihe accounL% W￿er secilon 65 of the Chariiies AU tN(wthern Ireiar¥J) 2tKJi" follow Ihe pre¢edwes laid down in the gererat DI￿¢11￿￿& by theClwityCommissM)n foT Northern Ireland under section 65 (9Xb}of th¢ chan.iits Aci.. aThJ siaie whether particular matttts have come io my atkniiioh. B#$is of indtpthd¢nl ctsmiTh¢r'$ nport I have examined your charity actounts as wuired ￿￿je[ Setil￿ 65 of ihe Clwitie5 Act gnd my exam1r￿7rt costs ar¢ those that &5SiS( the work of the charity but do not directly represent charitable activities and include ottice costs, governance Costs, administrative payroll costs. They are incurred direcily in supw)n Ot expenditure on the objecis of ihe Charity. Where support cosis cannoi be directly attributed io particular heading5 they have been allocated to ￿st of raising funds and expenditure on charithble activities on a basis CA)nsistent with use of ihe resources. Premise5 overheads and other overheads have been allocated &8 expenditure on supw)rt CDS Tangible fixed assets Tangible fixed assets are stated at o)si less accumu1￿ed depreciaiion and accUmul￿ed impaimKnt losses. Cost includes costs directly attributable ￿ making ihe asset capable of operdting as intended. Depreciation is provided on all tsngible fixed assets. at rates calCul￿ed to write off the WSL less estimated residual value, of each asset on a systematic b&sis over lis exFttted usefijl life &s follow5.' Asset Class Le&sehold Land and Buildings Le&s¢ Fixtures and Fittings Depreciation method and rate 4% Straight Linc 4Yo Straight Line 15Yo R￿U(Ing B&laTr The building h&8 been valued using the historical cK)st basis. Debtors and Creditors receiv*blelpayible within one yegr Debtors and crediiors with no staled interest rate and receivable or payable within one year are recorded ai iran5action price. Any lo￿5 arising from impairnieni are recognised in expenditure. Impairment Assets not measured at fair value are reviewed for any indication ihat the asset may be impaired at each balance sheet date. If such indication exisis. the recoverable amount of the asset. or the asset's generating unil, is estimaied and compar¢d to the carrying amouni. Where ihe carrying anb)unt exceeds its recoverable amount, an impaimient loss is r¢cogni$ed in profit or loss unle&8 the asset is wied at a revalued amount where the impairment loss is a revaluation decrease. Tox The charity is an exempt chariry within the meaning of schedule 3 of the Charities Act 2011 and is eA)nsidered to pass the tesis sei out in Paragraph I Schedule 6 Finance Aci 2010 and therefor¢ it me¢ts th¢ definition of a charithbl¢ company for UK ￿rporatIon t&X pUTp)￿. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exisf. The trustees have considered the level of funds held and th¢ eXp￿ted level of income and expenditure for 12 monchs from authorising these financial sthtcm¢nts. The budgcted income and expendilure 15 sufficient with th¢ level of reseves for the charity to be atlle to continue as a going cOr￿eM. 13 BURREN COMMUNITY ASSOCIATION LIM￿ED {A eornpgny limited by guarnntee} BURREN COMMUNITY HALU 14 BRIDGE ROAD. BURREN. WARRgNPOINT, CO DOWN. KrJ4 3qr Note5 to the Financi•l StatcThents for the Yeir 31 March 2024 Income from donations and legaeies 2024 202J Grants 80 170 Income from grants was £80 (2023 - £170) and WLS wholly attributable to restrided fimd5. Oiher IDtome 2024 2023 Renial Income 10,725 12,670 Other tnwme £10,725 (2023 - £12.670) and was wholly attfibutsble io unresthaed fund%. 14 BURREN COMMUNITY ASSOCIATION LIMITED (A compally limited by guar*Dtee) BURREN COMMUNITY HALL, 14 BRIDGE ROaD. BURREN, WARRENPOINT, CO DOWN, BT34 3QT Notes to the Financial Statements for the Year Ended 31 March 2024 Allocalwu of Support fib3ts Activities ndertaken Activities undertaken dir¢cily 2023 directly 2024 Water Rates 903 906 3,502 1,870 253 672 6.033 5.977 1,471 236 240 117 5.478 20,224 Repairs and Renewals Light and Heat Insurance General Expenses Donations Bank Charges Depreciation 5.641 13,186 £3,375 of the above costs were attributable to endowment funds. £9,731 of the above costs were attributable to unrestricted funds. £80 of the above costs were attributable to restricted fLmds. Governance Costs 2024 2023 Independent Examiners Remuneration .037 1,037 987 987 15 BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by guarantee) BURREN COMMUNITY HALL. 14 BRIDGE ROAD. BURREN, WARRENPOINT. CO DOWN, BT34 3QT Notes to the Financial Stalements for the Year Ellded 31 March 2024 Net Income for tbe ye*r Net IDcome is stated after eharging 2024 2023 Depreciation of tangible fixed assets 5,641 5,641 5.478 5.478 Independent Exami•ers rem•Reration The independent examiners remuneration arnounts to an independent examination fee of £950 (2023 - £900) and other services totalling £87 (2023 - £87}. Trustees. and key maDagemeDt per$oD•el remuneration and expenses The trustees neither received nor waived any remuneration during the year (2023 - Nil). The trustees did not have any expenses reimbursed during the year (2023 - Nil). 16 BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by guarantee) BURREN COMMUNITY HALL, 14 BRIDGE ROAD, BURREN. WARRENPOINT, CO DOWN, BT34 3QT Notes to the Financial Statements for the Year Ended 31 March 2024 Tallgible Fixtd Assets Land and Buildings Fixtures & Fittings Ltast Total Cost At l April 2023 115,361 3,768 9,987 129,116 Addilions 1,800 1,800 Disposal At 31 March 2024 115.361 3.768 11.787 130.916 D¢pr¢¢iation At l April 2023 55.264 1.792 5.949 63,005 Charge for the Year 4,614 876 5,641 Disposal At 31 March 2024 59,878 1,943 6,825 68.646 Net Book Value At 31 March 2024 55.483 1,825 4,962 62.270 At 31 March 2023 60.097 1.976 4,038 66,111 The nei book value of land and building comprised.. 2024 2023 Land and Buildings: Lca5ehold 55.483 60,097 17 BURREN COMMUNITY ASSOCIATION LIMITED (A eompaDy limited by gDarautet) BURREN COMMUNITY HALL. 14 BRIDGE ROAD. BVRREN. WARRENPOIiYT. CO DOWN. BT34 3QT Note$ to the Fitt•ttei*l Ststsmtllts for tbe Year Ended 31 MArcb 21124 Debtors 2024 2023 Oiher Debtors Prtpaymenrs 120 247 367 323 6.323 Creditor5: •moullts folling d¥e within one yt•r 2024 2023 Accruals 1.174 1.174 2.663 2.663 12 Deferred lucome 2024 2023 At l April 2023 Additions durin8 the year Uiilised du¥ing the y￿r At 31 March 2024 80 80 (80) 80 13 Fuods re£oo¢ili#tio• Uortstriettd futsds Bala•ce at Balafyte #i 31-Mar-24 01-Apr-23 IDtorne ExpeTrditurt Gtneral Fund$ 27.935 27,935 10.725 10,725 10.768 10,768 27,892 27.892 Restricted fu•ds BalaH¢e at 01-Apr-23 IDeomt Eipe•dityre 31-Mir-24 tiestricted ￿nrts 80 80 80 80 B#ildits8 F￿Dd$ B*liDtt at 31-Mar-24 OJ-Apr-23 Expeiditure Endowm¢nt Fund5 44.034 44,034 3J75 3.375 40,659 40,659 Deseripriolls Getheral funds are reseThes that will t¢ used for the ortgolngCh￿1tsbk cow￿$ activitie5. Endowment funds are reserves in ftlation to the Wi￿rty0W￿ed by the eharity. 18 BURREN COMMIJP41TY ASSOCIATION LIMITED IA company limited by guarantee) BURREN COMMUP41TY HALL 14 BRIDGE ROA￿ BURREN. WARRENPOINT. CO DOWN, BT34 3QT Notes io the fuwieial Si*itmtTrts (or the Year Ended 31 Mar¢h 21n4 14 An&lysi4 ocnet L$5ets fuwds Rtstriettd Fwnds Unreslrlcted Fund$ EAdowmtnt Fynds Totsl Fixed Cash atk1 current Oiher CWTeni ass¢ts Oiher ¢uTheth¢ liabilirie5 40,659 62.270 1.132 6,324 (1.174) 27.893 6.324 40,659 68.552 Is lieconciliation of net tncomtl(e%penditure) to net cAsh l*)v from opevAting Xiiviti 2024 2023 Net lncome1ex￿Th￿l(u[e for Itk year Purch￿￿ ofian8ibk fixed assets Depreciition of tsngibk fixed assets D￿reaSe￿InCreaSe1 in aebiors IDecre2seytncre4s¢ in cr&Jitws (3,3681 {1.800) 5,641 1).9)bl 11,539) 17.0221 18,371) 1878 5,478 16V) 1,663 12.1681 16 R¢ht¢d party ¢rIn￿rI10 There are no relaod party tran5aciion5 dwing the peri(*112023.. £NIll 19 BURREN COMMUNITY ASSOCIATION LIMITED (A eompany limited by guarantee) BURREN COMMUNITY HALL 14 BRIDGE ROAD, BURREN, WARRENPOINT, CO DOWN, BT34 3QT Notes to Ihe FiDaneial Statements for the Year Ended 31 Marcb 2024 2024 2023 Ineome Grants Received R¢nt R¢ccived 80 10,725 10.805 170 12,670 12.840 Support Costs Water Rates Repairs and Renewals Li8ht and Heat Insurance 903 906 3,502 1,870 253 672 6,033 5,977 ,471 236 240 117 General Expenses Donations Bank Charges Depreciation 5.641 13.186 5,478 20,224 Governanee Costs Independent Examiners Remuneration ,037 987 Total Expenditure 14,223 21,211 Net Deficit (3,418) (8,371) 20