REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
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 | 13 |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED (REGISTERED NUMBER: NI029084) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
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 2024. 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 2019). |
Beragh Care and Development Limited (BCDA Ltd) operate from freehold premises at Main Street Beragh. The site extends to approximately one acre and a community garden is also maintained by the group. |
BCDA Ltd premises consist of 2 flats, a barber shop and a former shop space now occupied by Camowen Smart Kids also a charity. Upstairs we have two offices let to the District Team which consists of upwards of 6 nurses.The main community hall hosts two days per week the Care in the Community Nursing Team who cater and treat fifteen to twenty clients per day. Alcoholics Anonymous meet once per week as does Age Concern which provides meals and support for the local elderly.The organisation is cross community and different art classes and farmers meetings are held as well as birthday parties etc. |
Accounts to 31 March 2024 show income of £34,209 (£44,722 - 2023) and a deficit of £5,252 (£8,704 surplus - 2023) was made after depreciation of £3,414. Cash at bank decreased to £23,702 and net assets are shown at £51,479 excluding the property. |
During the year ended 31 March 2024 grant's of £5,000 each were received from the Community Foundation and Slieve Divena Fund in relation to the community courtyard..Both these grants are being held as deferred income until the relevant expenditure is incurred. |
Our main objective is still to update our heating system in the main hall. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED (REGISTERED NUMBER: NI029084) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Company Secretary |
Independent Examiner |
McAleer Jackson Ltd |
Chartered Accountants & Chartered Tax Advisers |
Church House |
24 Dublin Road |
OMAGH |
Co. Tyrone |
BT78 1HE |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages four to thirteen. |
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 independent 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. |
MICHAEL BARNETT |
McAleer Jackson Ltd |
Chartered Accountants & Chartered Tax Advisers |
Church House |
24 Dublin Road |
OMAGH |
Co. Tyrone |
BT78 1HE |
1 October 2024 |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31 MARCH 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities | 2 |
Total |
EXPENDITURE ON |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
Transfers between funds | 12 | 523 | (523 | ) | - | - |
Net movement in funds | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 56,731 |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED (REGISTERED NUMBER: NI029084) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
ACCRUALS AND DEFERRED INCOME | 10 | ( |
) | ( |
) |
NET ASSETS |
FUNDS | 12 |
Unrestricted funds | 56,731 |
TOTAL FUNDS | 56,731 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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. |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED (REGISTERED NUMBER: NI029084) |
BALANCE SHEET - continued |
31 MARCH 2024 |
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 and authorised for issue on |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
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 2019)', 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. |
The financial statements are prepared in sterling which is the functional currency of the company. |
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. |
Freehold property | - |
Equipment | - |
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment. |
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. |
Government grants |
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. |
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | ACCOUNTING POLICIES - continued |
Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
2. | OTHER TRADING ACTIVITIES |
2024 | 2023 |
£ | £ |
Rents received |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
Transactions with the trustees |
J McAleer & Sons Ltd were paid £3,566 for goods during the year. Trustee, Gerald McAleer is a director of this company. |
MFE Contracts Ltd were paid £6,520 for electrical services during the year. Trustee, Keith McFarland is a director of this company. |
All transactions with trustees during the year ended 31 March 2024 are recorded above. |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
5. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
2 | 2 |
No employees received emoluments in excess of £60,000. |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Total |
EXPENDITURE ON |
Charitable activities |
Total |
NET INCOME |
Transfers between funds | 2,172 | (2,172 | ) | - |
Net movement in funds | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 46,940 | 1,087 |
TOTAL FUNDS CARRIED FORWARD | 56,731 | - | 56,731 |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
7. | TANGIBLE FIXED ASSETS |
Freehold |
property | Equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Sundry debtors | 6,598 | 1,451 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Loan stock |
Other creditors |
10. | ACCRUALS AND DEFERRED INCOME |
2024 | 2023 |
£ | £ |
Accruals and deferred income | 11,640 | 8,960 |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
11. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
£ | £ | £ | £ |
Fixed assets | 38,316 | - | 38,316 | 38,890 |
Current assets |
Current liabilities | ( |
) | ( |
) | ( |
) |
Accruals and deferred income | ( |
) | ( |
) | ( |
) |
51,479 | - | 51,479 | 56,731 |
12. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.23 | in funds | funds | 31.3.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 56,731 | (5,775 | ) | 523 | 51,479 |
Restricted funds |
General fund | - | 523 | (523 | ) | - |
TOTAL FUNDS | (5,252 | ) | 51,479 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 25,795 | (31,570 | ) | (5,775 | ) |
Restricted funds |
General fund | 8,414 | (7,891 | ) | 523 |
TOTAL FUNDS | ( |
) | (5,252 | ) |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
12. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 46,940 | 7,619 | 2,172 | 56,731 |
Restricted funds |
General fund | 1,087 | 1,085 | (2,172 | ) | - |
TOTAL FUNDS | 48,027 | 8,704 | - | 56,731 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 43,211 | (35,592 | ) | 7,619 |
Restricted funds |
General fund | 1,511 | (426 | ) | 1,085 |
TOTAL FUNDS | 44,722 | (36,018 | ) | 8,704 |
13. | RELATED PARTY DISCLOSURES |
There were no related party transactions for the year ended 31 March 2024 other than those disclosed in note 4. |
14. | CHARITY REGISTRATION |
The company registered as a charity with The Charities Commission for Northern Ireland on 24 September 2015. Its charity number is NIC 103136. |
BERAGH CARE AND DEVELOPMENT ASSOCIATION |
LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
15. | GOVERNANCE COSTS |
Governance costs of £1,745 were incurred during the year ended 31 March 2023 which solely relate to fees paid to the Independent Examiner of the Charity's accounts. |