Maghaberry Community Association - Charities report - 19.2
Maghaberry Community Association - Charities report - 19.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2019 |
| for |
| Maghaberry Community Association |
| Maghaberry Community Association |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2019 |
| Page |
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 12 |
| Maghaberry Community Association |
| Report of the Trustees |
| for the Year Ended 31 March 2019 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their |
| report with the financial statements of the charity for the year ended 31 March 2019. The trustees have |
| adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice |
| applicable to charities preparing their accounts in accordance with the Financial Reporting Standard |
| applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| To provide facilities and amenities in the interests of social welfare for recreation and other leisure time |
| occupations, to advance education and increase physical and mental wellbeing with the object of improving |
| the conditions of life for the residents of Maghaberry. |
| Public benefit |
| The directors have given this consideration and will adhere to the Charity Commission for Northern Ireland's |
| guidance on public benefit. |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| Maghaberry Community Association follow direction on the aims set out in the Community development |
| plan. |
| We continually provide training to our volunteers and the residents of Maghaberry to enable us to deliver |
| clubs and activities throughout the year to the highest possible standard that adhere to the guidelines set out |
| in our policies and procedures. |
| After school clubs, youth club, gardening club, Over 50s club and Parent and Toddler group are all delivered |
| weekly by volunteers and are primarily aimed to reduce isolation and increasing community cohesion. |
| Maghaberry Community Association have been working continually with Lisburn and Castlereagh City |
| Council and Broomhedge Maghaberry Football Club to secure planning permission and funding for a grass |
| football pitch located within the grounds of the Community Centre. It is anticipated that work will |
| commence in 2020 with completion early 2022. |
| Maghaberry Community Association continually seek funding to assist delivery of the activities and hold |
| fundraisers to cover any shortfall. |
| We work closely with statutory and voluntary agencies to achieve maximum impact activities. |
| Room hire at Maghaberry Community Centre ensures at all overheads are met and that the building is |
| utilised to its maximum capacity. |
| FINANCIAL REVIEW |
| Financial position |
| The directors have comprehensive financial procedures in place for the income and expenditure of the |
| Maghaberry Community Association. |
| The Accounts will be prepared by an appointed Independent Examiner each year to 31st March. |
| During the current period there was a deficit of (£2,612) in the previous year a surplus £62,147 of which |
| £50,000 was designated funds. |
| Maghaberry Community Association |
| Report of the Trustees |
| for the Year Ended 31 March 2019 |
| FUTURE PLANS |
| Maghaberry Community Association plan to continue with a schedule of activities and to build upon the |
| success enjoyed in previous years. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity was established in 2005 and is awaiting registration with the Charity Commission NI. |
| The Committee of 12 members which are all residents of the local community are elected annually at an |
| Annual General Meeting which takes place no later than 18 months from the previous AGM. |
| The committee consists of Chairperson, Treasurer, secretary and committee members who hold their position |
| until they stand down or are requested to stand down. |
| Maghaberry Community Centre follow strict guidelines which are clearly set out in our Policies and |
| Procedures. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Independent examiner |
| ASC Wylie |
| Chartered Accountants |
| Hillsborough |
| Down |
| BT26 6AB |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Maghaberry Community Association |
| I report on the accounts of the company for the year ended 31 March 2019, which are set out on pages four |
| to twelve. |
| Respective responsibilities of charity trustees and examiner |
| As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the |
| preparation of the accounts in accordance with the requirements of the Companies Act 2006. |
| Having satisfied myself that the charity is not subject to audit under company law and is eligible for |
| independant examination, it is my responsibility to: |
| - | examine the accounts under section 65 of the Charities Act |
| - | follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act |
| - | state whether particular matters have come to my attention. |
| Basis of the independent examiner's report |
| I have examined your charity accounts as required under section 65 of the Charities Act and my examination |
| was carried out in accordance with the general Directions given by the Charity Commission for Northern |
| Ireland under section 65(9)(b) of the Charities Act. The 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 concerning any such matters. |
| My role is to state whether any material matters have come to my attention giving me 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 the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland |
| 4. | That there is further information needed for a proper understanding of the accounts to be reached. |
| Independent examiner's statement |
| I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, |
| in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no |
| matters that require drawing to your attention. |
| ASC Wylie |
| Chartered Accountants |
| 7 Lisburn Street |
| Hillsborough |
| Down |
| BT26 6AB |
| Date: ............................................. |
| Maghaberry Community Association |
| Statement of Financial Activities |
| for the Year Ended 31 March 2019 |
| 2019 | 2018 |
| Unrestricted fund |
Restricted fund |
Total funds |
Total funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Other trading activities | 2 |
| Total |
| EXPENDITURE ON |
| Cost of generating voluntary income |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 70,348 |
| Maghaberry Community Association |
| Balance Sheet |
| At 31 March 2019 |
| 2019 | 2018 |
| Unrestricted fund |
Restricted fund |
Total funds |
Total funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 11 |
| Unrestricted funds | 17,305 | 20,348 |
| Restricted funds | 50,000 |
| TOTAL FUNDS | 70,348 |
| Maghaberry Community Association |
| Balance Sheet - continued |
| At 31 March 2019 |
| The charitable company is entitled to exemption from audit under |
| Section 477 of the Companies Act 2006 for the year ended 31 March 2019. |
| The members have not required the company to obtain an audit of its financial statements for the year ended |
| 31 March 2019 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable |
| companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees on |
| Maghaberry Community Association |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, |
| have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by |
| Charities: Statement of Recommended Practice applicable to charities preparing their accounts in |
| accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS |
| 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard |
| applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements |
| have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to |
| the funds, it is probable that the income will be received and the amount can be measured reliably. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation |
| committing the charity to that expenditure, it is probable that a transfer of economic benefits will be |
| required in settlement and the amount of the obligation can be measured reliably. Expenditure is |
| accounted for on an accruals basis and has been classified under headings that aggregate all cost |
| related to the category. Where costs cannot be directly attributed to particular headings they have |
| been allocated to activities on a basis consistent with the use of resources. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its |
| estimated useful life. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the |
| trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. |
| Restrictions arise when specified by the donor or when funds are raised for particular restricted |
| purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial |
| statements. |
| Pension costs and other post-retirement benefits |
| The charitable company operates a defined contribution pension scheme. Contributions payable to |
| the charitable company's pension scheme are charged to the Statement of Financial Activities in the |
| period to which they relate. |
| Maghaberry Community Association |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 2. | OTHER TRADING ACTIVITIES |
| 2019 | 2018 |
| £ | £ |
| Events & Activities |
| 3. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2019 | 2018 |
| £ | £ |
| Professional & consultancy fee | 1,540 | 1,176 |
| Depreciation - owned assets |
| Grants payable | 6,533 | - |
| 4. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2019 nor for the |
| year ended 31 March 2018. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2019 nor for the year ended |
| 31 March 2018. |
| 5. | STAFF COSTS |
| The average monthly number of employees during the year was as follows: |
| 2019 | 2018 |
| 3 | 2 |
| No employees received emoluments in excess of £60,000. |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted fund |
Restricted fund |
Total funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Other trading activities |
| Total |
| Maghaberry Community Association |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
| Unrestricted fund |
Restricted fund |
Total funds |
| £ | £ | £ |
| EXPENDITURE ON |
| Cost of generating voluntary income |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 8,201 | - | 8,201 |
| TOTAL FUNDS CARRIED FORWARD | 20,348 | 50,000 | 70,348 |
| 7. | TANGIBLE FIXED ASSETS |
| Plant and machinery |
Fixtures and fittings |
Computer equipment |
Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2018 and 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| Maghaberry Community Association |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts (see note 10) |
| Accruals and deferred income |
| 10. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2019 | 2018 |
| £ | £ |
| Amounts falling due within one year on demand: |
| Bank overdraft |
| 11. | MOVEMENT IN FUNDS |
At 1/4/18 |
Net movement in funds |
At 31/3/19 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 20,348 | (3,043 | ) | 17,305 |
| Restricted funds |
| Designated fund | 50,000 | - | 50,000 |
| TOTAL FUNDS | (3,043 | ) | 67,305 |
| Net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 45,992 | (49,035 | ) | (3,043 | ) |
| Restricted funds |
| Designated fund | 25,000 | (25,000 | ) | - |
| TOTAL FUNDS | ( |
) | (3,043 | ) |
| Maghaberry Community Association |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 11. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
At 1/4/17 |
Net movement in funds |
At 31/3/18 |
| £ | £ | £ |
| Unrestricted Funds |
| General fund | 8,201 | 12,147 | 20,348 |
| Restricted Funds |
| Designated fund | - | 50,000 | 50,000 |
| TOTAL FUNDS | 8,201 | 62,147 | 70,348 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 74,076 | (61,929 | ) | 12,147 |
| Restricted funds |
| Designated fund | 50,000 | - | 50,000 |
| TOTAL FUNDS | 124,076 | (61,929 | ) | 62,147 |
| A current year 12 months and prior year 12 months combined position is as follows: |
At 1/4/17 |
Net movement in funds |
At 31/3/19 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 8,201 | 9,104 | 17,305 |
| Restricted funds |
| Designated fund | - | 50,000 | 50,000 |
| TOTAL FUNDS | 8,201 | 59,104 | 67,305 |
| Maghaberry Community Association |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 11. | MOVEMENT IN FUNDS - continued |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 120,068 | (110,964 | ) | 9,104 |
| Restricted funds |
| Designated fund | 75,000 | (25,000 | ) | 50,000 |
| TOTAL FUNDS | 195,068 | (135,964 | ) | 59,104 |
| 12. | RELATED PARTY DISCLOSURES |
| There were no related party transactions for the year ended 31 March 2019. |