COMPANY REGISTRATION NUMBER: N1708057 CHARITY REGISTRATION NUMBER: NIC110054 Cloughey Heritage Group Limited Company Limited by Guarantee Unaudited Financial Statements 31 January 2025 ROGAN ACCOUNTANCY LIMITED Chartered accountants Sketrick House Jubilee Road Newtownards Co Down BT23 4YH
Cloughey Heritage Group Limited Company Limited by Guarantee Financial Statements Year ended 31 January 2025 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements
Cloughey Heritage Group Limited Company Limited by Guarantee Trusiees. Annual Report (Incorporating the Direcior's Report) Year ended 31 January 2025 The trustees, who are also the directors lor the purposes of company law, present their report and the unaudited financial statements ol the charity for the year ended 31 January 2025. Reference and administrative details Registered charity name Cloughey Heritage Group Limited Charity registration number NIC110054 Company registration number N1708057 Principal office and registered 1 Seahaven Drive office Portavogie Newtownards Co Down BT22 1 FB The tru$tees Louise Anderson June Bailie Denise King Geoffrey Stewart Legal Structure Cloughey Heritage Group Limited is a Company Limited by Guarantee and is a registered charity. regulated by the Charity Commission lor Northern Ireland. The company has been awarded charitable status by HM Revenue and Customs. 11 is a not lor profil organisalion. Independent examiner Rogan Accountancy Limited Structure, governance and management Governance Arrangements Cloughey Heritage Group Limited is currently governed by a board ol four trustees Irelerred lo as directors for company law purposes), subject lo a minimum ol three and is currently not subject lo any maximum. The board can co-opt new directors as and when required and are subject lo approval by the current directors. Directors are required lo retire by rolalion as specified in the governing document. All new directors are briefed on their legal obligations under charity and Company law, the content of ol the Articles of Association. the committee and decision making process, and recent financial performance ol the charity.
Cloughey Heritage Group Limited Company Limited by Guarantee Trusiees. Annual Report (Incorporating the Direcior's Report) (conllnLtedJ Year ended 31 January 2025 Objectives and activities The company's charitable objects are lo advance community development opportunities lor Cloughey and District through recreation, culture and heritage opportunities lor the benefit ol the residents of Cloughey and ils environs Ilhe "area ol benelil") wilhoul distinction ol sexual orienlalion, age, race, elhnicily, or political, religious or other option by all ol any ol the following means- 1. To transform a disused B1 Listed Old Meeting House, through a grant funded programme ol work, into a wonderfully restored building lo become a sustainable Community Hub, and pul the heart back into the village., 2. To promote the advancement ol recreational and educational opportunities in the area- 3. To advance citizenship and community development to inspire civic values and encourage community and voluntary sector engagement in the environment, heritage and traditions of the area of benefit impacting on the quality of life ol residents. Strategic report The following sections lor achievements and performance and financial review form the strategic report of the charity. A¢hlevement$ and performance During the year we held several social events including a tractor run, Robbie Burns night, and a Senior Citizens Christmas Tea Party. We organised various group activities throughout the year such as pollery, water colour, and flower arranging classes. We continued lo make progress on the proposed scheme ol refurbishing the Old Meeting House into a Community Hub. We submliled our Planning Application. dralled our lease with Grey Abbey estates and we carried out graveyard maintenance around the property. Financial review Our main streams ol income are from the grants obtained by the tireless work ol our secretary, Geoffrey Stewart, together with the continued hard work of our events leader, Louise Anderson, and the kind donations ol our community and local businesses. Funds were transferred from our predecessor unincorporated entity lotalling £2,248. This has been added lo our other incoming resources generated during the year which lotalled £44,446, 01 which £39,990 was restricted grant income, to be used lor the purposes of the restoration of the Old Meeting House project. Costs associated with the project incurred during the year lotalled £27,716. Additionally, our more routine costs included directors insurance, facilities hire, trustee meetings costs. Total income was £46,694. and total expenditure was £31,199. At the year end, we held £12,274 reslrieled cash reserves, lo by used during forthcoming years towards the Old Meeting House projed. We also held £3,221 cash balance to be used for our ongoing routine expenses.
Cloughey Heritage Group Limited Company Limited by Guarantee Trusiees. Annual Report (Incorporating the Direcior's Report) (conllnLtedJ Year ended 31 January 2025 Plans for future perlods During the course of the forthcoming year we will continue lo pursue progress on the Old Meeting House relurbishmenl scheme by submitting funding applications and meeting with prospective lunders and relevant stakeholders. Alongside this, we will continue to organise our usual programme ol community events, fundraisers, and social groups. The Iruslees, annual report and the strategic report were approved on 7 January 2026 and signed on behalf of the board ol trustees by.. Denise King Trustee Geoffrey Stewart Trustee
Cloughey Heritage Group Limited Company Limited by Guarantee Independent Examiner's Report to Ihe Trusiees of Cloughey Heriiage Group Limited Year ended 31 January 2025 I report to the Iruslees on my examination ol the financial statements ol Cloughey Heritage Group Limited I'the charily'l for the year ended 31 January 2025. Responsibilities and basis of report As the Iruslees of the company land also ils directors lor the purposes ol company lawl you are responsible for the preparation of the financial slalemenls in accordance with the requirements of Charities Act (Northern Ireland) 2008 Ilhe '2008 Act'l and the Companies Act 2006 I'lhe 2006 Acl'l. You are satisfied that the accounts of the company are not required by charity or company law lo be audited and have chosen instead lo have an independent examination. Having satisfied myself that the accounts ol the company are not required lo be audited under Part 16 ol the 2006 Act and are eligible lor independent examination, I report in respect of my examination of the Charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl ol the 2008 Act. Independent examlner's $tatement I have completed my examination. I confirm that no mallers have come to my attention in connection with my examination giving me caLJse lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 01 the 2006 Act,. or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements ol section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which is not a maller considered as part ol an independent examination., or the financial statements have not been prepared in accordance with the methods and principles ol the Slalemenl of Flecommended Practice lor accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
Cloughey Heritage Group Limited Company Limited by Guarantee Independent Examiner's Report to Ihe Trusiees of Cloughey Heriiage Group Limited Iconllnuedj Year ended 31 January 2025 I confirm that there are no other mallers lo which your attention should be drawn lo enable a proper understanding ol the accounts lo be reached. Rogan Accountancy Limited Independent Examiner Rogan Accountancy Limited Sketrick House Jubilee Road Newtownards Co Down BT23 4YH
Cloughey Heritage Group Limited Company Limited by Guarantee Staiement of Financial Activities (including income and expenditure account) Year ended 31 January 2025 2025 Restricted funds Total lunds Unrestricted funds Not• Income and endowments Donations and legacies Charitable activities Other income 1,699 2,757 2,248 39.990 41,689 2,757 2,248 Total income 6,704 39,990 46,694 Expenditure Expenditure on charitable activities Total expenditure 3,483 27,716 31,199 3,483 27,716 31,199 Net Income and net movement In funds 3,221 12,274 15.495 Re¢on¢iliation of funds Total funds brought lonNard Total funds carrled forward 3,221 12.274 15.495 The statement ol financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 14 form part of these financial statements.
Cloughey Heritage Group Limited Company Limited by Guarantee Staiement ol Financial Posilion 31 January 2025 2025 Note Current assets Cash at bank and in hand 15,495 Net current assets 15,495 Total assets less current liabilities 15.495 Funds of the charity Restricted funds Unreslricled funds 12,274 3,221 Total charity funds 13 15,495 For the year ending 31 January 2025 the charity was entitled lo exemption from audit under section 477 01 the Companies Act 2006 relating lo small companies. Directors, responsibilities= The members have not required the company to obtain an audit ol its financial statements lor the year in question in accordance with section 476., The directors acknowledge their responsibilities lor complying with the requirements of the Act with respect lo accounting records and the preparation ol financial slalements. These financial slalemenls have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime. These financial statements were approved by the board of Iruslees and authorised lor issue on 7 January 2026, and are signed on behalf ol the tard by= Denise King Trustee Geoffrey Stewart Trustee The notes on pages 9 to 14 form part of these financial statements.
Cloughey Heritage Group Limited Company Limited by Guarantee Staiement ol Cash Flows Year ended 31 January 2025 2025 Cash flows from operating activities Nel income 15,495 Cash generated from operations Nel cash from operating activities 15,495 15.495 Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 15,495 15,495 The notes on pages 9 to 14 form part of these financial statements.
Cloughey Heritage Group Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 January 2025 General Information The charity is a public benefit enlily and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 1 Seahaven Drive, Porlavogie, Newlownards, Co Down, BT22 1 FB. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Sialement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by Ihe revaluation ol certain financial assets and liabilities and investment properties measured at lair value through income or expenditure. The financial slalements are prepared in sterling. which is the functional currency of the entity. Golng concern There are no material uncertainties aix)ut the charity's ability lo continue. Fund accounting Unrestricted funds are available for use al the discretion ol the trustees lo ftjrther any of the charity's purposes. Designated funds are unrestricted funds earmarked by the Iruslees lor particular future project or commitment. Reslricled funds are subjected to reslriclions on their expenditure declared by the donor or through the terms ol an appeal, and fall into one ol two sub-classes.. reslricled income funds or endowment funds.
Cloughey Heritage Group Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued? Year ended 31 January 2025 Accounting policies {contlnuedJ Incoming resources All incoming resources are included in the slalemenl of financial activities when entillemenl has passed to the charity- it is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence ol enlillement lo the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlillemenl is established. income from donated goods is measured at the fair value ol the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received il the value can be reliably measured. No amounts are included lor the contribution of general voluntèers. income from Contracts lor the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a conlraclual requirement for il to be spent on a particular purpose and returned il unspent, in which case il may be regarded as restricted. Resources expended Expenditure is reeognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovèred, and is classified under headings of the statement of linaneial activities to which il relates.. expendrf(ure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale ol donated goods. expendrfture on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related to raising funds lor the charity nor part ol ils expenditure on charitable aclivilies. All costs are allocated lo expenditure categories reflecting the use ol the resource. Direct costs allribulable lo a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consislenl basis. Flnan¢lal Instrument$ A financial asset or a financial liability is recognised only when the ¢harily becomes a party to the contractual provisions ol the instrument. 10
Cloughey Heritage Group Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued? Year ended 31 January 2025 Accounting policies {contlnuedJ Financial instruments (continued) Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured al the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their lair value can otherwise be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at lair value, unless payment lor an asset is deferred beyond normal business terms or financed al a rate of interest that is not a market rate, in which case the asset is measured al the present value ol the future payments discounted al a market rate of interest lor a similar debt inslrumenl. Other financial instruments are subsequently measured at lair value, with any changes recognised in the statement ol financial activities, with the exception ol hedging instrLJments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence ol impairment at the end ol each reporting dale. 11 there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement ol financial activities in which the initial gain was recognised. For all equity instruments regardless ol significance, and other financial assets that are individually significant, these are assessed individually lor impairment. Other financial assets are either assessed individually or grouped on the basis ol similar credit risk characlerislics. Any reversals ol impairment are recognised immediately, lo the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Limited by guarantee The liability of members is limited lo a sum not exceeding £1, being the amount that member undertakes lo contribute lo the assets ol the charity in the event of it being wound up while being a member or within one year after ¢easing to be a member, for= 1. Payment ol the charity's debts and liabilities incurred before ceasing to be a member., 2. Payment ol the costs, charges and expenses ol winding up., and 3. Adjustment of the rights ol the contribulories amond themselves. 11
Cloughey Heritage Group Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued? Year ended 31 January 2025 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Grants Grants receivable- ANDBC Grants receivable= HSC Grants receivable= KNIB Grants receivable= Village Calalysl Fund Grants receivable= Awards for All 501 470 728 501 470 728 20,000 19,990 20,000 19,990 1,699 39,990 41,689 Charitable activities Unrestricted Total Funds Funds 2025 Other income from charitable activities.. Groups, Classes & Events 2,757 2,757 Other Income Unrestricted Total Funds Funds 2025 Other income.. Surplus from unincorporated enlily 2.248 2,248 Expenditure on charitable activities by lund type Unrestricted Funds Restricted Total Funds Funds 2025 Advancement of recreational and educational opportunities Transformation ol disused B1 Listed Old Meeting House Support costs 1,551 1,551 1,069 863 27,716 28,785 863 3,483 27,716 31,199 12
Cloughey Heritage Group Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued? Year ended 31 January 2025 Expenditure on charitable actlvities by activity type Activities undertaken directly Support Total funds costs 2025 Advancement ol recreational and educational opportunities Transformation ol disused B1 Listed Old Meeting House Governance costs 1,551 1,551 28,785 28,785 863 863 30,336 863 31,199 10. Independent examination fees 2025 Fees payable lo the independent examiner lor= Independent examination ol the financial statements 500 11. Staff costs The average head count of employees during the year was Nil. No employee received employee benefits ol more than £60,000 during the year12024.. Nill- 12. Trustee remuneration and expenses No Director ol connected person may.. 1. buy any goods or seNices from the charity on terms preferential to those applicable to members of the public., 2. sell goods, services, ol any interest in land lo the charity., 3. be employed by, or receive any remuneration from the charity., 4. re1ve any other financial benefit from the charity- unless the payment is permilled by relevant clauses with in the charity's Articles ol Association, or aulhorised by the court ol the Charity Commission. 13
Cloughey Heritage Group Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued? Year ended 31 January 2025 13. Analysls of charitable funds Unrestricted funds At 1 February 2 024 At 31 January 2 025 Income Expenditure General funds 6,704 13,4831 3,221 Restricted funds At 1 February 2 024 At 31 January 2 025 Income Expenditure Restricted Fund 1 Old Meeting House Project 39,990 127,7161 12,274 14. Analysis of net asset$ between funds Unrestricted Funds Restricted Total Funds Funds 2025 Current assets 3,221 12,274 15.495 15. Analysls of changes In net debt At At 1 Feb 2024 Cash flows 31 Jan 2025 Cash at bank and in hand 15,495 15,495 14