NORTHERN IREiAND CHARITY (NIC) NO: NIC 109480 CHARITY REGISTRATION NUMBER: xr29411 COMPANY NUMBER: N1606728 BURREN COMMUN ASSOCIATION LIMITED FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 ADJDI53S 20112Q024 COMPANIES HOUSE
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BURREN COMMUNITY ASSOCIATION LIMITED (A eompany limited by guaralltee) BURREN COMMUNITY HALL, 14 BRIDGE ROAD. BURREN. WARRENPOINT, CO DOWN, BT34 3QT CONTENTS PAGE Charity Reference and Administrative Details Trustees, Annual Report {Including Directors. Report and Straregic Report) Independent Examinerfs Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements Detailed Income and Expenditure Account 20
BURREN COMMUNITY ASSOCIATION LIMITED (A Comyny limited by guardntee BURREN COMMUNITY HALU 14 BRIDGE ROAD. BURREN. WARRENPOINT. CO DOWN. BT34 3QT Charity Reference and AdmilstratIVe Detsils Year Ended 31 March 2024 CompaJ)y Registraiion Numlv N1606728 Charity Regisl10n Numb¢r XT29411 Northern Ireland Charity INICI Number 109480 Trustees Aaron Ward (Chairwson) Aisling O'Rourke (Secretary) Shauna Campbell (freasuT¢f} Francis Doyk Edward Byme John By Seamus Doyle Brian Mallc James RyaJJ Paul Fegan Rcgistered Office Burren Community Hall 14 BridE¢ Road Burren Warr¢npoini Co Down BT34 3QT Independent E.xamin¢r Jonahan Faulkner FCCA Kennedy & Co Chartered Certified Accountants & Regimered Auditors 21 KilrrKyr¢y Street Newry Co. Down BT34 2 DF Bankers Bank of Ireland 12 Trevor Hill Newy Co. Down BT34 IDN
BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by gu4nntet BURREN COMMUNITY HALL 14 BRIDGE ROAD,'BURREN.WARRENPOINT. CO DOWN. BT34 3QT Trustees, Annu41 Report (Including Dir¢¢iors' Report and Str*¢¢¥ic Report Year Ended 31 March 2024 Th¢ rrusiees preseni iheir reFon and ihe independently examined finala1 ststements of thE ¢harity th¢ year ended 31 MJTch 2024. The tTUSte¢s have adopted the provisions of ihe Swemeni of ReCOmded Pr8Clice (SOIiP>"Acc4JUniin8 and Reporting by Charities" in prepating the Atmual rewt and financial swemenrs of the chariry. Tru$t¢es Of the chgrity The direthors of the chariiable company are its trusttts for the purposes of charity law. The trusttts have served during this year and 51nc£ the year end ¥srre as follows.. Aaron Ward (Chairperson) Aisling O'Rourke Isecreiary) Shauna Campbell (Treasurer) Francis Doyle Edward Byme John Byrne Seamus Doyle Brian Mallon James Ryan Paul Fegan Objectlves and Activlties The chariry promotes ihe benefii of ihe inhabitants of the Butten ate4 Newry and surr(wndin8 disth¢L li helps the inhabitsnts. local authoiitie5, volunrary and other OTganisaiions in a common effort io advance educatw including for¢ign language ¢lasses. to provide for the eldeTly a fTiendship club and luncheon club, io preserve the environment and herita8e of the area of benefit and io provide facilities in the Lnieresi of so¢ial wtlfare for recreaiion and leisure tim¢ occupaliffi in¢ludin8 Irish dancing classes. dancing classes. famiers meeiin& children's creche and playgroup. dramatic society, Burren Ix)wliti8 dub. kcture and ¢onferen¢e fa¢iliiie5. meeting r(ffi and all other initiaiives thai ihe community may iequest pennission for to us¢ the hall. with the objeGt of improving the condiiions of lift for the said inhabi(ants. Public benefit Statement We have achieved our public benefit by providing the commw)ity with fa¢ililies ¢E]8age in a wide range of social. uINral. TreatiOnal and educaiional ac¢iviries. We have reviewed The Charity Commission for Northem Ireland guidan¢e on public benefii and can confinn that we believe thai we have sa11sfd the public benefit requirwnenl Strgtegit Report Athievements and perform4nce The charity SU¢¢ded in promoting ihe benefit of the inhabitsnts of Burren. Newry and surrouThdin8 distri¢t. Throughoui the year, m8d¢ our hg114vailable io a variety of volunlary. community and oiher or8anisaiion engaging in a¢iivilie5 such as drama, dancin& childrens creche and playgroup. and other approprit aciiviiies. We mainiained th¢ hall and its conienis, thereby ensuring its ¢OntinwAts availabilty for the public benefii.
BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by guArantee) BURREN COMMUNITY HALU 14 BRIDGE ROAD,PURREN. WARRENPOINT. CO DOWN, BT34 3QT Trustees, Annual Report (Including Directors. Report and Strategic Report) Year Ended 31 March 2024 Financi#l review Reserves Policy The Board of Directors have exarnined the charitys requirements for reserves and consider the cent level to exceed the requirements to continue operalion through)ut the 2025 and 2026 financial years. The current level of reserves available to th¢ charity is £68.551. £27,892 of these funds are unrestricted. This provides 5uificient funds to cover charitable expenditure, supwrt costs and governance costs. Stru¢turey governance and man4gement The board of directors can only appoint new Irustees. A motion must be put forward by one director and a show of hands deterniines if the majority agrees. The charity is a charitable company limited by guarantee and was incorw)rated on 22 March 2011. It is govemed by a memorandum of association. The charitable company's registration number is N1606728 and its registered office is Burren Community Hall. 14 Bridge Road. Burrcn. Warrenpoint. Co Down, BT34 3QT. The company is approved as a charity under the ternis of the Income and cOrTation Te$ Act 1988 and the Charity Number is XT29411. The ¢haritablc company is regislcred with The Charity Commission for Northern Ireland and its NIC Number is 109480.
BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by guarant¢¢) BURREN COMMUNITY HAL4 14 BRIDGE ROAD, BURREN, WARRENPOtNT, CO DOWN, BT34 3QT Trustees, Annual Report (Including Directors. Report and Strategic Report) Year Ended 31 March 2024 Trustees, Responsibilities The Trustees (who are also directors of Burren Community Association Limited for the purposes of company law) are responsible for preparing the Trustees, Annual Report (including the Directors, Report and Stralegic Report) and the financial staiements in accordance with applicable law and United Kingdom Accounting Stsndards {United Kingdom Generally Accepted Accounting Praciice). Company law requires the trustees Éo prepare financial statements for each financial year, which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and appltcation of resources. including the 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 ¢onsistenily' observe the methods and principles in the Charities SORP 2019 {FRS 102) make judgements and eslirnates that are reanable and prudeni- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in ihe financial 5tatements- prepare the financial statements on ihe going concern basis unle55 it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records tha isclose with reasonable accuracy at any lime 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
BURREN COMMUNffY ASSOCIATION LIMITED (A Company limited by guAranlee) BURREN COMMUNITY HALU 14 BRIDGE ROAD. BURREN. WARRENPOINT. CO D(PWN, BT34 3QT Trustets, Report {lThtluding Directors, Report affjd Sirategie Reptsrt) Year Ended 31 Marth 2024 The rewrt of the tnwe¢s has been pPared tsking advantage of the small companie5, exemption of Section 415A of ihe Companies Aci 2006. Disclosure of informaton to the IMdep¢Adent Examiner We, the directors of the company who held office at the date of approval of Financial Statements &$ set out alM)ve each confirni. so far &5 we are aware. that: there 15 N) relevant infomiation of which the ¢haritabl¢ compan$ Independent Examiner is unaware. atKI we have taken all the steps that we ought lo have tsken as direaors in order make ourselves aware of any relevant inftinnation and to establish that the compan$ IndeFKnd¢ni Examin¢r is awar¢ of that information. In approving the Trnstees, Annual Rert. w¢ also approv¢ the Directors. Rep)rt and Stra¢egi¢ Report included therein, in our capacity a company directors. Approved by the Board on. 16
nd signed on its beh*lf by:
TRUSTEE: SHAUNA CAMPBELL TRUSTEE: AISLING O'ROURKE
BURREN COMMUNITY ASS(KIATION LIMITED {A ¢ompiny liThwted by 8uir8wttt) BURREN COMMUNrrY HALL 14 BRIDGE ROAD. BURREN. WARRENPOINT, CO DOWN, BT34 JQT Independeni ExmIne5 Repn M iheTr•sttts ofBMrren Comm•ity Asswitiom IArnilr4 I reFQrt iotk¢h•wity Trusiees th) my examinalion of ihr xcounls of the cunpwry for the ytarerthl 31 March 2024 which ar¢ set oul P48¢s 910 19. R¢$pettiwt rtspwlblliflts of ttrKstrgs txmi#tr As the charitytnwtt$ (and also the directors of the t(xhpany f¢r th¢ purp05e50f company law) yw art responsible fw Ihe pweparaiion of the aceounis In 8c¢ordance wlih the rtquiiements of the CompJies Aci X. Havin8 sarisfied myself ihat Ehe ¢hiriry subjeci 10 a¢tsJit der company law. and is eligibl¢ fw indep¢ndEnt examimion. it is my repcbilIty .. txamifie the #¢¢LNLMS wwjer seaion 65 ¢fthr charib.es Aci INLTr Ireland) 2(W.. follow the procedures l&d down in ihe Rerttaj 01ctionS gi1} by iht Chwiry Ctynmission f¢r N(¥thern Ireland under section 65 {9Xbl of the chan.iies Aci; and e whether particular tnattets io myalleNioft. BASIS of independeni txamIne5 yert I hav¢ examird your tharity accoun as required uthscciion 65 of ihe C1"11e5 Aci and my examinaiion was oui actordance wih th¢ 8¢rtetsJ .ctionS given by thE Charity C¢)mmi55iofL fvNorth¢m ITtlarKi UJKkr slI0n 05 (9Xbl of ihe Charitie$ ACL The tximinuitin In¢luded 2 review of Ihe Kcouniir¢rec(¥ts kepi by clmnty a compansrffi of the accounts pKeJtfiied with Ihose retoth. It also irtludes considtraiion of any U¥Ual itemsty distlLYsur¢s in s¢eki explanation5 from you &% charity Intse5 ¢oneeming matte My role is lo we wheiher ony rnawial m8¢l¢fS rnY aNeniion wving me ¢4use belie.. l. Thal xwuniingrecord5 were kepi in acccodarKe iih seciion 386 Compan$ Aei 2(#]6. 2. That the xcounts do not acclyd wth tlw ac£(llti reco& 3. Thai Ihe accounts do n¢X comply wilh Ihe auoun11r Ttquittmenis of se£tion 396 of the Companies Aci 26 with Ihe meih¢yJ5 prin¢iples of th¢ Chiiies Sthi¢m¢ni of Rttomm¢nd¢d Pwice applicable lochlieS wepanng thir acwunis in dance with Financial Repffiing appliuble in UK and Republie of Ireland. 4. That th£ 15 fh¢¥ infarnl needed a pr¢JpEr wpkrmandingof xcoun¢s lobe hed. IDdtptndeni examintr's statemeni I have c<>mpltd my txaminali aT¥J have ttCernS in TesFect of the mall5{1) 10 (41 litsl atM and, in cont1 with following the Direaion5 of the Charity CommissTh forNonhern IrelaTrJ. I have found no mallers thai require dRwin8 10 your aii¢ntio JonalhaD F•ulkn¢r FCCA Kennedy & Co Chfirttrtd Certifbed Accoufttsntsa Rtgtsettd A¥dith 21 Kllmtsrty &reti Newry Co Dowh BT34 2DF Da i? ILt
BURREN COMMUNITY ASSOCIA TION LIMITED (A eompaoy limited by guaraDttt) BURREN COMMUNITY HALU 14 BRIDGE ROAD, BURREN, WARRENpoIKf, co DOWN. 34 3QT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2•24 Uirestritted FuDd$ Restritted Ftyads B•ildiDg Tot41 F•lld$ 2024 NOTE Tgtal 2023 lotome from: Donaiions and Legacies Oiher Income Totil licome 80 10.72S 10,805 170 12,670 12,840 10.725 10.725 Exptttdiiyre on: Sup]x)rt Costs Governance C05 rotAI Expenditure 9.731 1.037 10.768 3,375 13,186 1.037 14.223 20,224 987 80 3,375 Net litornel{ExpemditMrel (431 13.375) (3.418) 18,3711 Net movemellt ID f•nd$ 13 (43) {3,375) (3.418) (8.3711 R¢¢ontiliatioD of l*ttd$: Toial futyds brought forward 13 27.935 44.034 71,969 80,340 Toiil f••d$ earried forward 27.892 40.659 68,551 71,969 All iN¢(wne and ex[ltUre derivt coniinuin8 a¢iiviii¢5_ The starernent of financial aclLVltie5 ificlude5 all Bains and losses recognised during th¢ Y[.
BURREN COMMUNITY ASSOCIATION LIMITED (A tompany limited by guarantee) BURREN COMMUNITY HALU 14 BRIDGE ROAD. BURREN, WARRENPOINT. co tM)WN. BT34 3QT BALANCE SHEET 31 MARCH 2024 2024 2023 FIXED ASSETS Tangible Assets 62,270 66,111 CURRENT ASSETS Debiors Cash al Bank io 6.323 1,132 7,455 367 8,154 8.521 CREDITORS: Amounts Falling Due Within One Ye#r li (1,174) (2,663) NET CURRENT ASSETS 6.281 5.858 NET ASSETS 68,551 71,969 CHARITI, FUNDS Unr¢siri¢ted Funds Resiricted Funds Building Funds TOTAL CHARITY FUNDS 13 ij 13 27.892 27.935 40,659 68,551 44,034 71,969 For the year ending 31 March 2024 the company was entied to exempiion under seciion 477 of the Companies Aci 2006 relating lo small companies. The dir¢ctor5 hav¢ t required th¢ company to obtain an audit in xo)rdarfrc¢ with seuion 476 of the cpanieS Act 2006. The dir¢ctOT5 acknowledge their responsibilities for wmplying with the tequirenMts of Act with res to coUntIng records and the preparation of accounts. Th¢s¢ aCllnts hav¢ been prepared in accordan wilh the Provisions applicable w companies subject to ihe small companies regime. Thes¢ annual account5 and rewrts have been deliv¢r¢d in accordat)c¢ with the provisions applile io companies subje io ihe smail Companies, regime. The finan¢iat statemt$ were approved gnd auihorised ftpf issue by the Board on. /2 Signed ort behalf of the Board of Trust¢es: Trustee: Shauna Tntte. Ai51ing O'Rourke io
BURREN commuNV ASSOCIATION LIMrrED (A fompany limited by guar•nte¢) BURREN COMMUNITY HALL 14 BIUDGE ROAD. BURREN. WARRENPOINT, CO DOWN. BT34 3QT Notes to the Fion¢ial Stat¢mtnts for the Year Ended 31 Mareh 2024 A Summary of significant atcounting polieies General inforniation and basi5 of preparatio Burren Community Association Limited is • Ch8ritsble Company based in Northern Ireland. In the eveni of the charity being WOW up. the liability in resCt of the guarantee is limited to El per member of the charity. The address of the r¢gisi¢red ol¢e is given in the charity inforniation on page 3 of these firthncial ststem¢nlS. The nature of the ¢hariWs operations and principal activities are the provision of a community hall for a wide rang¢ of gxial, ¢ulftnl and educational aciivities for the trKnefit of ihe local community. The charity constitutes a public benefit enriry as defined by FRS 102. The financial stst¢ments have i£n prepared in accordance with Accounting and RetM)rting by Charities.. Ststernent of ReCoMmeIed Pra¢ti¢¢ appli¢able io charilies preparing iheir accounts in accordance witt the Financial ReFL)rting Standard applicable in ih¢ Unii¢d Kingdom and Republic of Ireland (FRS 102), the Charti¢s Act 2011. the Comp8ni¢s A¢t 2006 and UK G¢nerally Accept¢d An[ing Practice. The charity has applied Upda Bulkiin l as publithd on 2 February 2016 and dces include a flow statement on the grounds that it is applying FRS 102 S¢¢iion IA. Th¢ financial statements are prepared on a going concern basis under the historical CO convention. nKNJified to include certain iiems fair value. The flnancial siam¢rtis are w¢s¢nt¢d in swling which is the fiuKiional currency of the charity. The SilfIcant accounting wlicies applied in the preparation of tse financial statements are set klow. These policies have becn consistently appli¢d to 415 y¢3rs pres¢tt¢¢d unless oth¢rwis¢ stsi¢d. Funds Unrestricted funds are available for use at the discretion of the trteeS in furtherdnce of the general objective5 of the charity and which have not been desIated foi other purFws. Designated funds comprise unrestricted funds that have been aside by the trustees for particular purFk)5es. The aim and use of each designated fund is set out in the notes io the financial swements. Restricted funds are funds which are to be used in a¢¢ordan¢¢ wrth srt¢ifi¢ restrictions iMsed by donoTS or which have been raised by ihe charity for particular purwjses. The CO of raising and adminisiering such ful are charged against the specific fund. The aim and use of each Testricted fijnd is set out in ihe to the financial statements. Endowment funds represent those assets which rnt be held permanenily by the charity. principa]ly t building. Incorne arising on the endownment funds can be used in a¢¢ord8n¢e wilh the obJe¢ts of the chaTity and is inrluded as nrestricted income. Any capitsl gains or loss¢s arising on rhe tnvemments fom part of the fund. InvesDneni management charges and legal advice relating to the fund are charged against the fijnd. li
BURREN COMMUNITY ASSOCIATION LIMITED (A eompany limited by guarantee) BURREN COMMUNITY HALU 14 BRIDGE ROAD,.BURREN, WARRENPOINT, CO DOWN, BT34 3QT Noles to the Financial Statements for the Yr End¢d 31 M4r¢h 2024 Summary of signifieant aetounting policies Ineome reeognition All incoming resources are included in the Statement of Financial A1vItieS (SOFA) when the charity is legally entitled to the income after any perfomiance conditions have been met. the amount can be measured reliably and it is probable Ihat the income will be re¢eived. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attach to the donation and this requires a level of perfomiance before eniitlemenl can be obtained Ihen income is deferred until those conditions are fully met or the fulfilmenl of Ihose conditions is within the conirol of the ¢haTity and it is probable that they will be fulfilled. Donated facilities and donated professional services are reCOlSed in inwme at their fair value when their economic benefit is probable: it can be measured reliably and the charity has control over the item. Fair value 15 deiermined on the basis of the value of the gift to the charity. For example ihe amouni the charity would be willing to pay in the open market for such facilities and services. A cOrresndIng amouni is recognised in expenditure. No amount is in¢luded in the financial ststem¢nts for volunteer tim¢ in line with the SORP. Income from artL$ are recognised at fair value when the charity has entitlement after any wforrnance condilions have been met. it is probable that the in¢om¢ will be received and the amount can be rn¢asured reliably. If entitlement is not met then these amounts are deferred. Other incom¢ includes the rental in¢om¢ rff¢ived from the r¢ntal of the building. It 15 included when the amount can be measured reliably and is recognised as the charity's right to receive paymeni is estsblished. Expenditure rttognitlon All expenditure 15 accounted for on an acctuals basi5 and has been classified under headings that awegate all Costs relaled to the category. Expenditure is recognised where there is a legal or constructive obligation to make payements to third parties, il is probabl¢ that the settlement will be required and the amunt of the obligation Can be measured reliably. It is categorised under the following headings.. Expenditure on supp)rt costs. and E.xpenditure on Govemance costs. Irrecoverable VAT 15 charged as an expense again51 the activity for which the expenditure ar05e. 12
BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by guargn¢ee) BURREN COMMUNITY HALL, 14 BRIDGE ROAD. BURREN, WARR£NpoIKf, co DOWN, BT34 3QT Notes to th¢ Fin4nci41 Statements for th¢ Yer Ended 31 MT¢b 2024 I Summiry of signifitant accounting policie5 Support costs allocation Support costs are those that assist ihe work of the charity but do t directly represent charitable activities and includ¢ oITice costs, govcmance costs. administrative payroll ¢osts. They are incurred directly in suppon of expenditure on the objects of the charity. Where suptKJrt costs cannoi be direthly attribuied particular headings they have been allocaied to cost of raising funds and exp¢nditure on chariiable activities on a b&sis consistent with use of the resources. Premises overheads and other overheads have been alloc*ed &s expenditure on suprrf)rt cost& Tangible fixed assets Tangible fixed assets are sthted at o)sl less accumujed depreciaiion and ac¢uMuled impaimient losses. Cosi includes costs directly artributable to making the ass capable of operaiing as iniended. tkpr¢ciaiion is provided on all iangible fixed assets, at rates calcUlrd to write off the cosi less ¢stimated residual value, of each asset on a 5ySt¢matic b&sis over its expected usefvl life as follows: Asset Clas$ Leh0]d Land and Buildings Depreeiition method #nd rate 411/0 Straight Line 4% Straighi Line 1 5% Reducing Balance Fixtures and Fittings The building Ixen valued using the historical CA)St basis. Debtors and Creditors receivablejpayable withtn one year Debtor5 and creditors with no ststed interest ra¢¢ and receivable or payable within one year are recorded at transaction price. Any losses arisirtg from impaimient are recOLsed in expenditure. lrnpairment Assets not measured at fair value are reviewed ft>r any indication that the asset may be impaired al each balance she date. If such indication exists. the recoverable amount of Ihe &ssel, or the assei's c&sh generating unil. is estimated and compared to the carrying amount. Where the carrying amount exc¢¢ds its recoverable amount, an impairmeni loss is gnised in profit or loss unless ihe asset is carried at 8 revalu amunt where the impairnient loss is a r¢vaiuation decre. TAX The charity is an axempt charity within the meaning of schedule 3 of the Charitie5 Act 2011 and is nsidered to pass the tests set out in Paragraph I Schedule 6 Finanrx Act 2010 and therefore ii meets the d¢fLnition of a charitable company for UK corporation tax purIN)s. Going coneern The financial statements have been preparuj on a going CA)ncern basis as the tnjstees believe that no maierial uncertainties e.Yist. The trustees have considered Ihe level of funds held and the expected level of income and expenditure for 12 months from authorising thes¢ financial sthiements. The budgeted income and exnd]lure is sufficieni with th¢ level of rcKv¢s for the tharity kn be able to continue as a going concern. 13
BURREN COMMUNITY ASSOCIATION LIMITED (A eompAny JiThited by p*rnnteel BURREN COMMUNITY HALU 14 BRIDGE ROAD. BURREN. WARRENPOINT.CO DOWN. BTJ4 3QT otu to the Fiu#oel#l St•lements for th¢ Ye•r EDded 31 Mir¢h 2024 Incorne from don•liows Icgati¢S 2024 2023 Grants 80 170 Inwm¢ from grants £80 (2023 - £1701 and wa5 whcdly attribukblt to r¢striaesJ nts. Other Intome 2024 21123 enlal In¢ome 10,725 12.670 Oth¢T income w&$ £10,725 {2023 - £12.670) and was w1]Y artriljuthble io unrestiided fimd5. 14
BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by guarantee) BURREN COMMUNITY HALU 14 BRIDGE RO&D, BURREN, WARRENPOINT, CO DOWN, BT34 3QT Notes lo the Financial Statements for the Year Ended 31 March 2024 Allocation of support costs Aetivil•es wndertaken directly 2024 Aclivi¢ies undertaken direetly 2023 Water Rates Repairs and Renewals Light and Heal Insurance General Expenses Donations Bank Charges Depreciation 903 906 3.502 1.870 253 672 6.033 5.977 ,471 236 240 5.641 13,186 5.478 20,224 £3,375 of the above costs were attributable to endowinent funds. £9,731 of the above costs were attributable to unrestricted funds. £80 of the above costs were attributable to restricled funds. Governance Costs 2024 2023 Independent Examiners Remuneration 1,037 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 Siatements for the Year Ended 31 Mreh 2024 Net Income for tht year Net Income is stated fter ¢hrgiDg 2024 2023 Depreciation of tangible fixed assets 5.641 5.641 5,478 5,478 ndependen¢ Examiners remner8lion The independent examiners remuneration amounts to an independent examination fee of £950 (2023 - £900) and other services toialling £87 (2023 - £87). Trustees, and key managemeni personnel remuneralion and expenses The trustees neither Teceived nor waived any remuneration during the year (2023 - Nil). The tnte¢S did not have any expenses reimbursed during the year (2023 - Nil). 16
BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by guarantee) BURREN COMMUNITY HALU 14 BRIDGE ROAD, BURREN, WARRENPOINT, CO DOWN, BT34 3QT Notes to the Finaneial Stalements for the Year Ended 31 March 2024 Tangible Fixed Assets Land and Fixtures & Fittings Buildings Lease Total Cost At l April 2023 115,361 3,768 9,987 129.116 Additions 1,800 1,800 Disposal At 31 March 2024 15.361 3.768 11,787 130,916 Depreeiation At l April 2023 55.264 1,792 5,949 63,005 Charge for the Year 4,614 151 876 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 MaTch 2023 60.097 1,976 4.038 66.111 The net book value of land and building comprised.. 2024 2023 Land and Buildings= Leasehold 55.483 60,097 17
BURREN COMMUNITY ASSOCIATION LIMITED {A tortbpany lirnited by gu4raDtee) BURREN COMMUNITY HALL J4 BRIDGE ROAD. BURREN, WARREf4POINT. CO DOWN. BT34 3QT Noits to the Fi0onri•l St4temeots for the Yur Elldtd 31 Marth 2024 10 Debtors 2024 1023 Other DebtOTS Prepayments 120 247 367 323 6.323 Creditors: falli•e d¥¢ witbill o•¢ y¢r 2024 2023 Accrwdls 1.174 1.174 2,663 2.663 12 Deferred l•tome 2024 202J Ar l April 2023 Additions during the year Utilised during the year Al 31 March 20Z4 80 (80) 80 Funds re¢on¢ili¢lo Unrestricted fuDd5 Bala•¢¢ Al Ql-Apr-23 BalaDtt al 31-Mar-24 ltytome Exptndilirt General Funds 27.935 27,935 10,725 10.725 10.768 10.768 27.892 27.892 Restricted f•Ad$ Balw¢e at OJ-Apr-23 IDcome ypt•dit•r¢ 31-MAr-24 Restri¢i¢d fiu 80 Buildin8 Fuods BalaDtt at 01-Apr-2J Bil•ee #t 31-Mar-24 l•¢orne Expt•dilMre EndowThent Funds 44.034 44.034 3J75 3,375 40,659 40,659 Fllnd Destriptioas Gen¢Tal thnds ar¢ i¢se¢ves thaf will b¢ us¢d for ihe ongoingcharitabk CompAnls adivitKs. Endowment funds are reserves irt rtlarion the prom owned by the dthrity.
BURREN COMMUNITY ASSOCIATION LIMrtED (A tompany limAed by 8uar¥iitLYI BURREN COMMUNITV HALU 14 BRIDGE ROAII BURREN. WARRENPOINT. CO DOWN, BTJ4 3QT N•tu to the Fin#Dtl#l Statements for the Year Endtd 31 Marth 21)24 14 AnAlysl ol net 95sets behveen fundj R¢strrted UAre51r•de Fun05 owmenl FuDd5 Tot1 Fiy&l assets Cash 8TrJ ¢urreni iniE5mi¢nis Other ¢uwrethi assets Oth¢T cuwreni liabilit 40.659 62,270 6.324 6.324 27,893 40,659 68.552 Is Reconcililion of net InMe1(cAptAd•Irej to net from optrntlfv8 Activltips 2024 2023 In¢oTtWtxpendiDJr¢ for the )tar pUhaS of tangible fixd assets Depre¢knition oftangible fixed •ssus tk¢reasd(Increa5el in debto IDecrea5eyIncreLse in ue4Jiior5 (3,368) (1,8001 5,641 15.9561 11.5391 17,022) (8.371) 18781 5.478 {60} 1,663 12.1681 16 Related prty traLW¢thN There •re l81ed Jwry dwing Ihe (2023". £Nil). 19
BURREN COMMUNITY ASSOCIATION LIMITED (A company limited by guarantee) BURREN COMMUNITY HALL 14 BRIDGE ROAD, BURREN, WARRENPOINT, CO DOWN. BT34 3QT Notes to the Fin•neial Statements for Ike Year Ended 31 March 2024 2024 2023 Income Grants Received Rent Received 80 10,725 10,805 170 12,670 12,840 Support Costs Water Rates Repairs and Renewals Light and Heat Insurance General Expenses Donations Bank Charges Deprectation 903 906 3,S02 1,870 253 672 6,033 5,977 1,471 236 240 117 5.641 13,186 5,478 20.224 Governance Costs Independent Examiners Remuneralion 1,037 987 Total Expenditure 14,223 21.211 Net D¢fKit (3.418) {8.371) 20