IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.10.23 30.9.24 30.9.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0297112023-09-30NI0297112024-09-30NI0297112023-10-012024-09-30NI0297112022-09-30NI0297112022-10-012023-09-30NI0297112023-09-30NI029711ns0:CharitableCompanyLimitedByGuarantee2023-10-012024-09-30NI029711ns15:PoundSterling2023-10-012024-09-30NI029711ns11:FRS1022023-10-012024-09-30NI029711ns11:IndependentExaminationCharity2023-10-012024-09-30NI029711ns11:SmallCompaniesRegimeForAccounts2023-10-012024-09-30NI029711ns11:FullAccounts2023-10-012024-09-30NI029711ns11:CharitiesSORP2023-10-012024-09-30NI029711ns16:EnglandWales2023-10-012024-09-30NI029711ns11:RegisteredOffice2023-10-012024-09-30NI029711ns0:Trustee22023-10-012024-09-30NI029711ns0:Trustee32023-10-012024-09-30NI029711ns0:Trustee42023-10-012024-09-30NI029711ns0:Trustee52023-10-012024-09-30NI029711ns0:Trustee12023-10-012024-09-30NI029711ns0:Trustee62023-10-012024-09-30NI029711ns0:Trustee72023-10-012024-09-30NI029711ns11:CompanySecretary12023-10-012024-09-30NI029711ns0:Activity82023-10-012024-09-30NI029711ns0:Activity8ns0:TotalUnrestrictedFunds2023-10-012024-09-30NI029711ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-10-012024-09-30NI029711ns0:Activity82022-10-012023-09-30NI029711ns0:TotalUnrestrictedFunds2023-10-012024-09-30NI029711ns0:TotalRestrictedIncomeFunds2023-10-012024-09-30NI029711ns0:TotalUnrestrictedFunds2023-09-30NI029711ns0:TotalRestrictedIncomeFunds2023-09-30NI029711ns0:TotalUnrestrictedFunds2024-09-30NI029711ns0:TotalRestrictedIncomeFunds2024-09-30NI029711ns10:WithinOneYear2024-09-30NI029711ns10:WithinOneYear2023-09-30NI029711ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-10-012024-09-30NI029711ns10:FurnitureFittingsToolsEquipment2023-10-012024-09-30NI02971122023-10-012024-09-30NI029711ns10:OwnedAssets2023-10-012024-09-30NI029711ns10:OwnedAssets2022-10-012023-09-30NI029711ns0:Activity8ns0:TotalUnrestrictedFunds2022-10-012023-09-30NI029711ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-10-012023-09-30NI029711ns0:TotalUnrestrictedFunds2022-10-012023-09-30NI029711ns0:TotalRestrictedIncomeFunds2022-10-012023-09-30NI029711ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-09-30NI029711ns10:FurnitureFittings2023-09-30NI029711ns10:FurnitureFittings2023-10-012024-09-30NI029711ns10:LandBuildingsns10:OwnedOrFreeholdAssets2024-09-30NI029711ns10:FurnitureFittings2024-09-30NI029711ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-09-30NI029711ns10:FurnitureFittings2023-09-30
REGISTERED COMPANY NUMBER: NI029711 (Northern Ireland)
REGISTERED CHARITY NUMBER: 102033














Report of the Trustees and

Unaudited Financial Statements
FOR THE YEAR ENDED
30 September 2024

for

MONKSTOWN COMMUNITY FORUM

MONKSTOWN COMMUNITY FORUM

Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 15

MONKSTOWN COMMUNITY FORUM (REGISTERED NUMBER: NI029711)

Report of the Trustees
FOR THE YEAR ENDED 30 SEPTEMBER 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 30 September 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).

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.

The organisation is a charitable company limited by guarantee, incorporated on 29 June 1995 and registered as a charity in October 1995. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the charity being wound up, members are required to contribute an amount not exceeding £1.


Recruitment and appointment of Trustees
Unless otherwise determined by the charity in general meeting, the number of Trustees shall not be more than 10 or less than 3. One Trustee elects to retire from office each year at the Annual General Meeting. The Trustee to retire shall be the person who has been longest in office since his/her last election, but as between persons who became Trustees on the same day the person to retire shall be determined by lot. No person other than a Trustee retiring by rotation shall be appointed or reappointed a Trustee at any general meeting unless:

- he/she is recommended by the Trustee
- not less than 14 nor more than 35 clear days before the date appointed for the meeting, notice executed by a member qualified to vote at the meeting has been given to the charity of the intention to propose that person for appointment or reappointment together with notice executed by that person of his/her willingness to be appointed or reappointed.

Subject to Article 35, the Trustees have the power at any time to appoint any person to be a Trustee, either to fill a casual vacancy or as an addition to the existing Trustees. Any Trustee so appointed shall hold office only until the next Annual General Meeting and shall then be eligible for re-election, but shall not be taken into account in determining the Trustee who is to retire by rotation at such meeting.
All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes of the accounts.

Trustee induction and training
Most Trustees are already familiar with the work of the charity and the community. Any new Trustees are advised of the obligations of Trustees, the Memorandum and Articles of the charity, resourcing, and the current financial position as set out in the latest published accounts, and any future plans and objectives.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
NI029711 (Northern Ireland)

Registered Charity number
102033

Registered office
18 Monkstown Village Centre
Monkstown Road
Newtownabbey
Co. Antrim
BT37 0HS


MONKSTOWN COMMUNITY FORUM (REGISTERED NUMBER: NI029711)

Report of the Trustees
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Trustees
Mr Stephen James Acheson
Mrs Gina Marion Baxter
Mr Brian Hunter
Mr Clifford William Lyons
Mr John Gault Mc Conaghie
Mr Peter Thomas Morrow (appointed 11/3/2024)
Mr Alan Robert Taylor

Company Secretary
Mr Alan David Johnston

Independent Examiner
M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH


MONKSTOWN COMMUNITY FORUM (REGISTERED NUMBER: NI029711)

Report of the Trustees
FOR THE YEAR ENDED 30 SEPTEMBER 2024


RISK MANAGEMENT
The major risks to which the charity is exposed, as identified by the Trustees, have been reviewed.

Organisational structure
The charity has a Board of 7 Trustees who meet regularly and are responsible for the strategic direction and policy of the charity. All major decisions are undertaken by the Board, while day to day responsibility for the provision of services rests with the Company Secretary. The Company Secretary is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met.

Objectives and activities
Our charity's purposes, as set out in the objects contained in the charity's Memorandum, are to promote the public benefit of urban regeneration in the Monkstown area and its environs. The aims of our charity are to develop and maintain a multi-purpose facility which will be a focal point for residents and will aim to provide sustainable opportunities, facilities and services to groups and individuals in the Monkstown area. Our aims fully reflect the purposes that the charity was set up to further.

We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months and helps us ensure our aims, objectives and activities remain focused on our stated purposes.
Our main objectives for the year continued to be job creation, provision of training and the development of entrepreneurial activity. The strategies we used to meet these objectives included:

- providing and maintaining a multi-purpose facility in the community; and
- providing funds generated from the above to local organisations to help them with urban regeneration.

The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the companies aims and objectives.

Principal activities
Our main activity this year involved the provision and maintenance of a multi-purpose facility which provides a variety of services and resources to the community. This in turn generated funds which we were able to donate to local organisations if the opportunity or need arose.

Achievements and performance
As a project promoter of the Areas at Risk programme, Monkstown Community Forum made contributions totalling £17,400 (2023: £17,600) - see Note 12 to the Financial Statements) to Monkstown Village Initiatives for the delivery of: youth work, cognitive behavioural therapy and gardening programmes for the benefit of the Monkstown community. This was funded by Antrim & Newtownabbey Borough Council and the Department of Communities. These programmes have both prevention and intervention at their core. They have enabled trained staff to engage at a significant level with various local "at risk" and "vulnerable" groups and individuals.

Financial review
Against the backdrop of the current economic climate, the charity incurred net outgoing resources of £4,546 (2023: net outgoing resources of £60,214. An amount of £25,700 was transferred from the capital grant reserve to the general reserve which is in line with the depreciation rate used for Land and Buildings.

Principal funding sources
The main income generated by the charity is from rental and service charge income arising from the letting of units at the multi-purpose facility. In addition, a total of £1,285,000 was received and held in capital grant reserves from Newtownabbey Local Strategy Partnership, International Fund for Ireland, Groundwork NI and Antrim & Newtownabbey Borough Council for the purposes of the charity. This fund is reduced over the useful economic life of Land and Buildings in line with depreciation.





MONKSTOWN COMMUNITY FORUM (REGISTERED NUMBER: NI029711)

Report of the Trustees
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Reserves policy
The Trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed to planned maintenance or purchase of fixed assets should be between 3 and 6 months of expenditure. Budgeted expenditure for 2024/25 is £230,716 while closing general reserves as at 30 September 2024 are £544,573. These reserves are required to meet the working capital requirements of the charity and the Trustees are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding or tenants.

Plans for future periods
The charity plans to continue the activities outlined above in the forthcoming years. The Trustees will continue to review and assess any opportunities that may arise which will further the charity's purpose of promoting the public benefit of urban regeneration in Monkstown.

Approved by order of the board of trustees on 10 February 2025 and signed on its behalf by:





Mr John Gault Mc Conaghie - Trustee

Independent Examiner's Report to the Trustees of
Monkstown Community Forum


Independent examiner's report to the trustees of Monkstown Community Forum ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its 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 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in Ireland, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Kim Rainey FCA

M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

10 February 2025

MONKSTOWN COMMUNITY FORUM

Statement of Financial Activities
FOR THE YEAR ENDED 30 SEPTEMBER 2024

30/9/24 30/9/23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities 255,350 17,400 272,750 274,367

Investment income 2 12,857 - 12,857 8,306
Total 268,207 17,400 285,607 282,673

EXPENDITURE ON
Raising funds 3 187 - 187 -

Charitable activities
Charitable activities 276,482 17,400 293,882 342,887
Total 276,669 17,400 294,069 342,887

NET INCOME/(EXPENDITURE) (8,462 ) - (8,462 ) (60,214 )
Transfers between funds 12 25,700 (25,700 ) - -
Net movement in funds 17,238 (25,700 ) (8,462 ) (60,214 )

RECONCILIATION OF FUNDS
Total funds brought forward 523,419 848,100 1,371,519 1,431,733

TOTAL FUNDS CARRIED FORWARD 540,657 822,400 1,363,057 1,371,519

MONKSTOWN COMMUNITY FORUM (REGISTERED NUMBER: NI029711)

Balance Sheet
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £   
FIXED ASSETS
Tangible assets 8 959,400 991,502

CURRENT ASSETS
Debtors 9 29,238 22,257
Cash at bank 395,801 376,585
425,039 398,842

CREDITORS
Amounts falling due within one year 10 (21,382 ) (18,825 )

NET CURRENT ASSETS 403,657 380,017

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,363,057

1,371,519

NET ASSETS 1,363,057 1,371,519
FUNDS 12
Unrestricted funds 540,657 523,419
Restricted funds 822,400 848,100
TOTAL FUNDS 1,363,057 1,371,519

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.


MONKSTOWN COMMUNITY FORUM (REGISTERED NUMBER: NI029711)

Balance Sheet - continued
30 SEPTEMBER 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 10 February 2025 and were signed on its behalf by:





Mr John Gault Mc Conaghie - Trustee

MONKSTOWN COMMUNITY FORUM

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 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.

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 - 2% on cost
Fixtures and fittings - 15% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
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.

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are earmarked formally by the organisation for a particular purpose.
The nature and purpose of each fund is included below:
Contingency Fund - set aside in the event of (significant) loss of income
Maintenance Fund - for the maintenance of the property and major renovations or refurbishment work
Succession Fund - for transition of management/staff
IT Fund - for the replacement/addition of MVC equipment/software

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.


MONKSTOWN COMMUNITY FORUM

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. INVESTMENT INCOME
30/9/24 30/9/23
£    £   
Deposit account interest 12,857 8,306

3. RAISING FUNDS

Raising donations and legacies
30/9/24 30/9/23
£    £   
Support costs 187 -

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30/9/24 30/9/23
£    £   
Auditors' remuneration 1,675 1,660
Depreciation - owned assets 32,102 32,351

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

30/9/24 30/9/23
Administrative 5 5

No employees received emoluments in excess of £60,000.


MONKSTOWN COMMUNITY FORUM

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities 256,767 17,600 274,367

Investment income 8,306 - 8,306
Total 265,073 17,600 282,673

EXPENDITURE ON
Charitable activities
Charitable activities 325,287 17,600 342,887

NET INCOME/(EXPENDITURE) (60,214 ) - (60,214 )
Transfers between funds 277,700 (277,700 ) -
Net movement in funds 217,486 (277,700 ) (60,214 )

RECONCILIATION OF FUNDS
Total funds brought forward 305,933 1,125,800 1,431,733

TOTAL FUNDS CARRIED FORWARD 523,419 848,100 1,371,519

8. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 October 2023 and 30 September 2024 1,534,509 40,400 1,574,909
DEPRECIATION
At 1 October 2023 552,420 30,987 583,407
Charge for year 30,690 1,412 32,102
At 30 September 2024 583,110 32,399 615,509
NET BOOK VALUE
At 30 September 2024 951,399 8,001 959,400
At 30 September 2023 982,089 9,413 991,502


MONKSTOWN COMMUNITY FORUM

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 15,598 13,370
Other debtors 4,913 3,760
C&W Service income due 6,539 2,746
Prepayments 2,188 2,381
29,238 22,257

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors 44 512
VAT 8,372 7,773
Deposits held 4,833 4,833
Deferred income 3,917 3,917
Accrued expenses 4,216 1,790
21,382 18,825

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
30/9/24 30/9/23
Unrestricted Restricted Total Total
fund funds funds funds
£    £    £    £   
Fixed assets 137,000 822,400 959,400 991,502
Current assets 425,039 - 425,039 398,842
Current liabilities (21,382 ) - (21,382 ) (18,825 )
540,657 822,400 1,363,057 1,371,519

12. MOVEMENT IN FUNDS
Net Transfers
At movement between At
1/10/23 in funds funds 30/9/24
£    £    £    £   
Unrestricted funds
General fund 523,419 (8,462 ) (184,434 ) 330,523
Designated Funds - - 210,134 210,134
523,419 (8,462 ) 25,700 540,657
Restricted funds
Capital Grant Fund 848,100 - (25,700 ) 822,400

TOTAL FUNDS 1,371,519 (8,462 ) - 1,363,057

MONKSTOWN COMMUNITY FORUM

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 268,207 (276,669 ) (8,462 )

Restricted funds
Antrim & Newtownabbey Borough Council
Grants

17,400

(17,400

)

-

TOTAL FUNDS 285,607 (294,069 ) (8,462 )


Comparatives for movement in funds

Net Transfers
At movement between At
1/10/22 in funds funds 30/9/23
£    £    £    £   
Unrestricted funds
General fund 305,933 (60,214 ) 277,700 523,419

Restricted funds
Capital Grant Fund 873,800 - (25,700 ) 848,100
Contingency Fund 125,000 - (125,000 ) -
Maintenance Fund 62,000 - (62,000 ) -
Management Succession Fund 50,000 - (50,000 ) -
IT Fund 15,000 - (15,000 ) -
1,125,800 - (277,700 ) 848,100
TOTAL FUNDS 1,431,733 (60,214 ) - 1,371,519

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 265,073 (325,287 ) (60,214 )

Restricted funds
Antrim & Newtownabbey Borough Council
Grants

17,600

(17,600

)

-

TOTAL FUNDS 282,673 (342,887 ) (60,214 )

MONKSTOWN COMMUNITY FORUM

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
At movement between At
1/10/22 in funds funds 30/9/24
£    £    £    £   
Unrestricted funds
General fund 305,933 (68,676 ) 93,266 330,523
Designated Funds - - 210,134 210,134
305,933 (68,676 ) 303,400 540,657
Restricted funds
Capital Grant Fund 873,800 - (51,400 ) 822,400
Contingency Fund 125,000 - (125,000 ) -
Maintenance Fund 62,000 - (62,000 ) -
Management Succession Fund 50,000 - (50,000 ) -
IT Fund 15,000 - (15,000 ) -
1,125,800 - (303,400 ) 822,400
TOTAL FUNDS 1,431,733 (68,676 ) - 1,363,057

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 533,280 (601,956 ) (68,676 )

Restricted funds
Antrim & Newtownabbey Borough Council
Grants

35,000

(35,000

)

-

TOTAL FUNDS 568,280 (636,956 ) (68,676 )

Transfers between funds

The organisation has designated £210,134 of unrestricted funding to the following purposes:
Contingency Fund £125,000, Maintenance Fund £34,453, Succession Fund £38,605, IT Fund £12,076.
Details of the various funds are explained in the accounting policies note on page 9.


MONKSTOWN COMMUNITY FORUM

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


13. RELATED PARTY DISCLOSURES

Three Trustees of Monkstown Community Forum (Alan Taylor, Cliff Lyons and Stephen Acheson) are also Trustees of Monkstown Village Initiative. During the year MCF made contributions of £87,118 towards the cost of Youth Workers' salaries, gardener and the Area at Risk program.

Gina Baxter is also a member of the board of directors of Hollybank Pre-School. MCF made contributions of £5,500 during the year to Hollybank Pre-School.

Antrim & Newtownabbey Borough Council
The Forum received £17,400 from Antrim & Newtownabbey Borough Council in relation to the Areas at Risk Programme. This programme is promoted by Monkstown Community Forum and the programme content is delivered by Monkstown Village Initiatives. At the Balance Sheet date £17,400 had been paid over to Monkstown Village Initiatives.