Company r•gl8tratlon numb•r. N1066287 Cooneenlcoonlan CommuTrlty Devfrwnent Assoclatlon Tradlng as C¢)oneenlCoonian Communlty Dwelopment A8so¢lation Company lthIM¢d by guarantso Unaudhod flnanclal slatwn•nts 30 Septwnbor 2019
Cooneenlcoonlan Communlty Development A68oclatlon Company limlted ty guarantse Contonts Page Directors and other inf0mtIOn Directors rewt AcGountants repcKt Statement ol comprehensive Siatement of ffinancial F#)siknon statement of changes in equty Notes to the financial ststements 8-11
Coon•eTo0nIaTh Communtty Devel*)pment A880clatk>n Company Ilmited by guaranteo Dtrector8 and other Inft•rnwtlon Dlrector5 Mr Barry Boyle Mr Hugh Bo Cllr Sheamus Greene Mrs Kattrken Haren Mr John James M¢Dne11 Mr Pmp Mcth)nnell Mr James McQuaK Mrs Sarah Elizabeth Kyle Mr James Patrick Boyle Secretary John James McDonr Company numbor NICfj6287 Rogl•t•rnd offl¢e 10 Mullaghl Road BrooketLwh BT75 ONL Buslness addra85 10 Mullaghfad Rojl Brceh Co. Fmana9kn BfT5 ONL Accountants Crudden Dolan Limited 23-25 0arliNJ Street Enniskillen BT74 7DP Bankef5 Oanske Bank PO Box 183 Donegalt Sware West Belfast BT16JS Page 1
Coon¢enlCoonlan Communlty Dfrvdopmont AMo¢l•llon Company limited ty guaranto0 Yoar anded 30 SePtb•r 2019 The dlrectors present their report WKI the unau(tited fmancial statements of Ihe C(pa for the year ended 30 September 2019. Dlrectors The directh served the company durw¥J the as firfkws." Mr Barry Boyte Mr Hugh Boyle Cllr Sheamus Greene Mrn Kathleen Haren Mr John James McDonnell Mr Philip McDonnell Mr James McQuaid Sarah Ethbeth K Mr James Patrick Boyle Smal company provlslons This report ha5 been prepared in accordance wth WOVtsKS apthb to c(Mnpantes enlitted to the small companies exemption. Thi5 reFQrt was approved by the txrd of directTh5 on 26 June 2020 wned on beh*f of the bDaTd by: Mr John James MGDonne Director Page 2
COoneecODnlan Communlty Dèvelopment As8oclatlon Company Ilmited by guarantee Report to tho board of dlfectors on the prnparation of the unaudlted statutory flnanclal statsments of Cooneenlcoonlan Communlty D•velopm•nt A88oclatloD Year ènded 30 Septen4)&r 2019 In order to assist you to fufffl your duties under the Companies Act 20LB, we have prepared for YOUT approval the fnan¢ial statements of COOneeCo[lan Community Develowent Association for the year ended 30 Sept8mber 2019 which comprise the statement ol comprehensive income, ststement of financial position. stement of change5 in equty and related notes from the c(pan5 a¢¢ounting records and from infomiation and explanatlons you have given us. As a pra¢tising member firn of Chartered Accountants Ireland. we are sulect to its etlical and 0r professional reqU1ments which are detsiled at w•M.charteredaccountants.ie. This report 15 made solety to the lThrd of director5 of Cooneenlcoonian Community Development Association, a5 8 in accordance with the tern of OUT engagement letter dated 28 June 2018. Our work has been undertaken solely to prepa for your approv the financial statements of Cooneenlcooni Communty Development As50ciatÉon and state those matters that we have agreed to state to the board of directors of COoneeclan Clnmunity Devebpment AssrKiation a5 a body, this rep)rt In accordance with the requirements of Chartered AcCoLtants IrelKI as detaibed at 7MwI.tharteredaccountsnts.ie. To the fulk5t extent perniitted by law, we do Th)t accew or assume responsibility to anyone other than Cooneenlcoonian Community Develowent Ass{Jaa and ts boartl of direciors as a body for our work or for this reporL It is your duty lo 8nsLn that C(leeIc0oThlan Community Devekwent Alation has kept adequate accounting records and to prepare ststuty financial staterents Ihat give a tJue and fair eW of the assets, liabilit5, financial positson and profil of C¢MeenlCoonian Ccmnmunty Devebpment Association. You consider that CoDneenlCoonian Communty DeveknF4wit Assctiation Is exempt fr(xn the statutsy audit requirement for the par. We have rnt been instructgj to c4ry wt an audii or a weview of the financial slatements of Coorttnlcoonian Community Devebpment Asswation. For this reason. we have not verified the accuracy or completeness of the accounting records or infcKmati)n and explanatMs you have given to us and we do no( therets< express any opinion on the slatutory anCIal slatements. Cnjdden Dolan Limited Chartered Accountants & Registered Auditors 23-25 Darling Street Enniskilkn Co. Fenanagh Bf14 70P 26 June 2020 Page 3
coon000nlan Communlty Developmnt A8soclatlon Company lknited by guarante• Statem•nt of comprnhen8lv• Incom& Y•ar ended 30 Soptomber 2019 2019 2018 Tumovor Admlnistrative expenses Owratlng profft 11.W2 (7,425) 4,477 9.381 17,667) 1,714 Profft b•fore tsxatlon 4.477 1,714 Tax on profit Profft for the flnanclal y•ar and total comprehenslve In¢ome 4.477 1,714 All the aCtiVie$ ofihe company are from conlAiuing operati& The nots8 on pag•B 8 to 11 forni part of those financlal Statements.
Coon•enlCoonlan CoThwnunlty Development A$slatIOn Company Ilmllod by guarnntee StatThnt of financlal poslllon 30 Septomber 2019 2019 2018 Flxed assets Tangible assets 210.340 206.814 210.340 206.814 Current assets Cash at bank and In hand 6.993 5,767 6.993 5,767 Credltorn: amounts falllng duo wlthln one year (275) Not currnnt aso9ts 6.718 5,767 Totsl assets10s8 curnint Ilabllitlos 217.058 212,581 217.058 212,581 Capttal and rnserves Revaluation reserve Profit and10s5 account 194,282 194,282 18,299 Members funds 217.058 212,581 For the year ending 30 September 2019 the company Wds enli1 to exemption from au(fit under sectKm 477 of the Companvas Act 2(YJ6 relating to small comwles. Dire¢tots responsibiffties". The membeT5 have not required the c<xw to obtan an a111 of ts fina181 statements for the yeai in question in accordance with section 476". The directors acknovAedge their responslI1t for complsryy with the requirements of the kt with respect to accounting records and the epara.0 of finanraal Statents. These financial statements have been prepared in accordance with the FKovislons applicable to companie5 subject to the small companies, regme and in accordance with FRS 102 The Financial Reporting Standard applioble in the UK and Republic of Ireland. Thè notss on pages 8 to 11 fomi part of th•se fmanclal statoments. Pago 5
CoonoenKoonlan ConNnunlty l)eveloVnt A8CIatIon Company Iknlled ty guarnntee Statem•rt of financlal pos6tlon (contlnu•d) These financial statements were approved by Ihe board of dtrect(xs and autharised for issue on 26 June 2020, and are spjned on behalfof toard ty. MrBary Boyle Director Company registration number. Nioeé287 The notss on pages 8 to 11 lomi part of th0ge fin•nclal statements. Page 6
Cooneonlcoonian Community D•velopmeni A8soclatlon Company limit•d by guarant ststemont of ehanges In equlty Year emlod 30 September 2019 RevaluatiDn reserye Profit and loss account Total At 1 October 2017 194,282 16.585 210,867 Profft the year Tolal cc*nprnh•nglve Incom• forth• year 1,714 1.714 1.714 1.714 At 30 Septsmbor 2018 and 1 Octobor 2018 194,282 18.299 212,581 PmfftftKthey Total compr•h1v• Income for the year 4.477 4,477 4.477 4,477 At 30 September 2019 194282 22,776 217.058 Page 7
CooneonlCoonlaTr Communlty Developm•nt Asooclation Cryany lknod by guarantso Nots8 to th• Ilnanclal statem Y••rendod 30 Septonkn 2019 Gen•ral Infomiallon The company Is a prive c(xnpany knited by guarantee, registered in Ncrttm Ireland. The add$S of the registered office is Cooneerucoonian Community Devdopnent Asx¢iation, 10 Mullaghfad Road, Cooneen, BraokeborougN Ca Fernnagh, BT75 ONL Slatement of compllanc• These ficial statements ha¥e been prepared in cnWIth the provisions of FRS 102. Section 1A. The Flnancial Reporbng Stsndard appkth in the UK and Republic of Irefanrf. Accountlng polkles Ba81s of proparatlon The finanoal staterrEnts trwve been prep on Ihe hi5torThl cost basis. as modiffed by the revaluation of certain financial assets and kljlities lrnieslt properlies measured at fair value through profit or loss. The financial slatements * Fwared #i sterlng, 15 functional currency of the enfly. Turnover Tumover is measured at the falr Val of recèived or receivable for goods supplled and servl¢es Tendered, net of dtsccxjnts and Value Added Tax. Revenuè from the sale of goods is recognised vthen the significant risks and rewards of ownership have tsansferred to Ihe buyer, usually on despatch ol the goods: the amount of revenue can be measured reliabty.. it is probable that the assoaated econcmnic beneffts wll fkm to the entity and tr+e costs incurrèd or to be incurred in respect of the tt*sackn can be measured relratrly. Taxatlon The taxation expense represents the aggregate amnt of current and deferred tax recognised in the reporting period. Tax is recogfNsed in the slatement of compffthenstve income, except to the extent that it relates to items recognised n other comyehensive or dire¢Uy in capital and reserves. In this case, tax 15 recognised in other CoMph&nSlve ordirecdy in capital and reserve5, respectivety. Current tax is recognised on tale profit for the current and past periods. Current tax is measured al the amounts of lax expected to pay or recover using the lax rates and laws that have been enacted or substantively enacted at the reporting dale. Deferred tax is recognised in respect of all tining dillerences at the rewbng date. Unrelieved tax 10s5es and other deferred tax assets are recryJnised to the extent that it is probai4e that will be recovered ajainst the reversal of deferred tax liabileS or other future taxatAe proffts. D8ferred tax is measured using the tax rates and kws thal have been enacted or substantivety enacted by the reports'ng date that are expected to awy to feversa of the timlng thffer. Page 8
COoneeCo0nIan ConHnunlty Developnwnt A88oclalion Company Ilmltsd by guanntse Notss to the financlal statements l¢ontlnued) Year ended 30 Soptember 2019 Tanglble 0888ts Tangibl8 assets are initralty recorded at cosL arKI are subsequ8nty stated at cost less any accumulated depreciation and impaimient losses. Any tangible assets carried at revalued amounts a recorded at the fair value at the date of reValuaon tess any subsequent accumulated (preciation and subsequent accumulated impalmient bsses. An incfease in the cay1j amount of an asset as a result of a revaluation, recognised in other comprehensive Income and aumuted in capital and reser. except to the extent it reverses a revaluatim decrease of the same asset Fxeviou51y recognised in profft 105s. A decrease in the carying amount of an asset as a resu of revalualw is recognised in othw comprehensive income to the exlent of any previousty recognised revaluation increase accumulated in capital and reserves in respect of that a5seL Where a revaluati deuease exceeds the accurnulatsd revaluation gains accumulated in Gapital and resen•e5 in resFeCt ol Ihat a5 Ihe excess shall be recognlsed in profit or Depreclation ts calcutated so as io write off the cost or Valuatic of an asseL less its reSlU ¥ah, over the usefvl economk lrfe ofthat asset as folbvts: Freehold propety Flttings fixlures and equipnent If there is an Indi1 that there has been a signifrant change in depreciaticm rate, useful life or restdual value of tangible assets, the dePre0a is reviseol prosFectively to reftect the new estimates. 15% reduung baan Impalrn)ent A review for IndKatots of lmpaffnt is wied out at eath rèwrting date, wfjth the recoverabk amount being estirnated there such exisL whe the caThng value exceeds the rewverable amounl the asset is ImpawEd accordingty. PrK)r inpairments are alw fevRw4ed for POSSbble reversal at each reFX)rting date. Then11 is not posslIe to estimate the le(b[e amount of indNwJual a55et, an estimate Is made of the recoverable amount ofthe ca5hnerating unli to which Ihe asset belongs. The CaShenerating unit is the smallest identifHble group of assets that includes the asset and generates cash inflows that we largely Independent of the cash Nifiows ftorn (ther assets or groups of assets. Pagg 9
Cooneonlcoonlan Communlty Developmènt A88o¢latlon Note8 to tho Ilnan¢lal slateménts Iconllnued} Y•ar end•d 30 &pt8mber 2019 Flnanclal Instruments A financial asset or a fiarla1 liabHity is rec(YJnBed only when ttKg CoMpY beco a paty to the contractua provisK)ns of Ihe instrument Basic financral instruments are inibaly recwised ai the trdnsactJn prre, unless the arrangement constitutes a financing transaction. where il is recognised at the wet value of the future payments dis¢ounled at a mathet fate of interest for a simiLqr debt instrFmenL Debt instruments ae subsequently measu0 at amortised cost Where investments in non<onveftible weference stAres and non-pjttable ordinary shares or preference shares are publicly trdded or their far Wdlue can otherwise be measured reliably, the Investrt is SUbseqnItY measured at fair value rylh changes in fair vatue recognised In profft or loss. Al other such invesbments e subsequenily measured at cost kn impainnenL Olher financSal instruments, i[UdIrj derivative5. are inrbally recognised at Fair value. unless payment for an asset is deferred beyond n(ml IMlneSS ternis or financed at a r0 of snterest that is not market rate. in whth case the asset 15 measured at the present value of the future payments discounted at a market rate of interest for a MIlar instrumenL Other financial in5twments are subsequenty measured at faw value, wilh any changes recognised in pfft or loss, wilh the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are revlwed for objective evKlence of impalrment at the end of each reporting dat& If the is objective evidence of inwYrnenL an Impairment loss is recognised in profft or loss immediately. For all eqLMty instruments regardless of nIn. and other financial assets that are indivldually significanc these we assessed indrlidualty for impaimenl Olher financial asset5 or either assessed individually or grouped on the basis of similar credit risk chareristics. Any reversals of impairment are reccgnised in profft or loss immediately. to the extent that the reversal does not result in a carrying arnount of the anCIal asset that exce8ds the canyir@ amount would have been had the impairrrent not pwousty been reCOgnd. Umlled by guarant•• The ¢ompany is th'mited ty guarantee and as such does t have a share PItal. In the event of a windlng up the liabilty of the membws is limited to £2. Profft befor• laxallon Profit before laxation is stated after Chargffw(credrnj): 2019 2018 Depreciation of tangiijle assats 1.274 1.498 Page 10
Cooneenlcoontan Conynunlty Dwolopment A8soElatlon Company Ilmtted by guarantee Notss to the flnanclal 8tatemonts (contlnued) Year ondod 30 Soptember 2019 Tanglble ass•ts Freehokl FNtures. operty ffttwigs and equipment Total Cost At 1 October 2018 Additior 198.324 4.800 19,iYJO 217.324 4.800 At 30 Sept¢fflber 2019 Depr•clatlon At 1 October 2018 CFwge for the y At 30 S&pternb8r 2019 Carrylng amount At 30 Septembpr 2019 At 30 Septembef 2018 203.124 19,0ty) 222,124 10.510 1,274 10.510 1,274 11,784 11.784 203,124 7.216 210.340 198.324 8.490 206,814 Credltors: amounts fallng due withln one year 2019 2018 Other crediicKs 275 Pag•11
Coonoenlcoonlan Communlty Developilt A88oclatlon Company lknlled ty guarantee The lollowlng pages do not form W of tho statutory accounts.
Coone000lan Community Development Assodallon Company limlted by guardntee Detallod Income statement Y•ar end•d 30 S•ptemb8r 2019 2019 2018 Tumovfrr Activites for generating furKIs Grants receNed 7.053 4,849 8,090 1.291 11,2 9,381 Grom pmfft 11,902 9,381 Gross profft perc•ntsge 100.0% 100.0% Overheads Adminlstradvo exp•n Water rates Insurance Light and heat Repairs and maintenarbce Functions and class costs AcGountancy fees Bank charges General expenses Charitable donatI(S- type 1 Charitable donations Depre¢HtiM of tangilJe assets 182) 11,430) (7() (458) (2.067) {275) {83) (150) (gjoi (210) 11,3201 (3821 {125) {2.240) {492} {56) (1,3441 {1,4981 17,667} {1,274) (7.425) Operdtlng profft 4,477 1,714 OperJtsng profft porc•nlag• 37.6% 18.30A Proflt bglore taxallon 4,477 1.714