COMPANY REGISTRATION NUMBER: NI031653 |
CHARITY REGISTRATION NUMBER: 108595 |
Altamuskin Community Association Limited |
(Charitable Company Limited by Guarantee) |
Annual Report and Financial Statements for the year ended |
31 January 2023 |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 6 | ||||||
Current assets | |||||||
Debtors | 7 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 8 | ( |
( |
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Net current assets | |||||||
Net assets | |||||||
Funds of the charity | |||||||
Unrestricted funds | 9 | ||||||
Total charity funds | |||||||
The notes on pages 9 to 13 form an integral part of the accounts. | |||||||
Mr Michael Broderick | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The currency used for the reporting of these financial statements is Sterling (£) |
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Income | ||||||||
All incoming resources are included in the statement of financial activities when the charitable company is entitled to the income and the amount can be quantified with reasonable accuracy. Incoming resources includes all voluntary and fundraising income from charitable activities. Voluntary income received by way of donations and gifts to the charity is included in full in the Statement of Financial Activities when receivable. Fundraising income is credited to incoming resources when received. If the income relates to a particular event happening after the financial year end, it is deferred. Other income from charitable activities includes rent from property held for charitable purposes. This income is applied for charitable purposes only and included in full in the Statement of Financial Activities when receivable. |
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Resources explained | ||||||||
Judgements and key sources of estimation uncertainty | ||||||||
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No judgements that management has made in the process of applying the entity's accounting policies have a significant effect on the amounts recognised in the financial statements. No accounting estimates or assumptions have been made. |
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Tangible fixed assets | ||||||||
Land and buildings | 2% straight line | |||||||
Plant and machinery etc | 15% reducing balance | |||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
No trustees have been paid any remuneration or received any other benefits from the charity. | ||||||||
No trustee expenses have been incurred. | ||||||||
3 | Donations and legacies | 2023 | 2022 | |||||
£ | £ | |||||||
Unrestricted funds | ||||||||
Donations | 1,420 | 3,097 | ||||||
Grants income | - | - | ||||||
1,420 | 3,097 | |||||||
Restricted funds | ||||||||
Donations | - | - | ||||||
Grants income: | ||||||||
Painting stairs | 1,500 | - | ||||||
Sanitising units | - | 1,000 | ||||||
Insurance | - | 1,000 | ||||||
Toilets at drive in cinema | - | 250 | ||||||
Christmas crib & summer seats | - | 1,083 | ||||||
1,500 | 3,333 | |||||||
Total income from other trading activities | 2,920 | 6,430 | ||||||
4 | Other trading activities | 2023 | 2022 | |||||
£ | £ | |||||||
Unrestricted funds | ||||||||
Fundraising income | 2,338 | - | ||||||
Rent received | 12,236 | 5,987 | ||||||
14,574 | 5,987 | |||||||
Restricted funds | - | - | ||||||
Total income from other trading activities | 14,574 | 5,987 | ||||||
5 | Expenditure on charitable activities by fund type | 2023 | 2022 | |||||
£ | £ | |||||||
Unrestricted funds | ||||||||
Charitable activities: support costs | 17,132 | 13,998 | ||||||
Accountancy fees | 565 | 545 | ||||||
Independent examination services | 565 | 545 | ||||||
18,262 | 15,088 | |||||||
Restricted funds | ||||||||
Christmas crib & summer seats | - | 1,083 | ||||||
Insurance | - | 1,000 | ||||||
Toilets at drive in cinema | - | 250 | ||||||
Painting stairs | 1,500 | |||||||
- | 3,833 | |||||||
Total resources expended | 18,262 | 18,921 | ||||||
A grant of £1,500 was received from Omagh Forum in 2023 which was to be offset against the costs incurred for painting the stairs. This was a retrospective grant in that the charity were require to carry out the necessary repairs in advance of receiving the grant. | ||||||||
A grant of £1,000 was received from Fermanagh & Omagh District Council in 2022 regarding sanitising units purchased during 2020. | ||||||||
6 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 February 2022 | ||||||||
At 31 January 2023 | ||||||||
Depreciation | ||||||||
At 1 February 2022 | ||||||||
Charge for the year | ||||||||
At 31 January 2023 | ||||||||
Net book value | ||||||||
At 31 January 2023 | ||||||||
At 31 January 2022 | ||||||||
7 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Trade debtors | - | |||||||
VAT account | 1,210 | 775 | ||||||
8 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Trade creditors | ||||||||
Other creditors | ||||||||
9 | Analysis of charitable funds | 2023 | 2022 | |||||
£ | £ | |||||||
Unrestricted funds | ||||||||
At 1 February 2022 | 53,267 | 59,771 | ||||||
Income/(Expenditure) | (2,268) | (6,504) | ||||||
Transfers (to)/from funds | 1,500 | - | ||||||
At 31 January 2023 | 52,499 | 53,267 | ||||||
Restricted funds | ||||||||
At 1 February 2022 | - | - | ||||||
Income/(Expenditure) | 1,500 | - | ||||||
Transfers (to)/from funds | (1,500) | - | ||||||
At 31 January 2023 | - | - | ||||||
10 | Other information | |||||||
Altamuskin Community Association Limited is a private company limited by guarantee without share capital and incorporated in Northern Ireland. Its registered office is: | ||||||||
173 Altamuskin Road | ||||||||
Sixmilecross | ||||||||
Co. Tyrone | ||||||||
BT79 9JA |