Company Registration No. N1040841
HMRC Charity Registration No. XR47227
Nl Charity Commission Registration No. NIC 100907
Lou
hmacro
Communit Develo
ment Association
Charitable Com
an
Limited b Guarantee
Annual Re
ort and Financial Statements
For the
ear ended 31 Ma
2023

Lou
hmacro
Communi
Develo
ment Association
Charitable Com
an
Limlted b Guarantee
Contents
Page
Trustees and advisors
Trustees, Annual Report (incorporating the director's report)
Independent Examiner's Report
ststement of Financial Activities {including income and expenditure
account)
Statement of Financial Position
Notes to the Financial Statements
The followlng pages do not form part of the flnanclal statements
Detailed statement of financial activities
15

Lou
hmacro
Communit Develo
ment Association
Charitable Com
an
Limlted b Guarantee
Trustees and advisors
DirectorslTrustees
Declan McAleer (Chairperson)
Barry McElduff
Martin Donaghy
Sean McDermott
Tom O'Brien
Sharon O'Brien
Kevin McElduff
Raymond Coyle
Orla Fox
Independent Examiner
Aaron Coyle IACAI
Tyrone Accountancy Services
8-10 Church Street
Omagh
Co. Tyrone
BT78 1 DG
Bankers
Bank of Ireland
Campsie
Omagh
Co Tyrone
BT79 OAE
Reglstered office
176 Loughmacrory Road
Loughmacrory
Omagh
Co Tyrone
Northern Ireland
Registered number
N1040841

Lou
hmacro
Communit Develo
ment Association
Charitable Com
an
Limited b Guarantee
Re
istered number: N1040841
Trustees. Annual Re
ort
incor
oratin
the director's re
ort
The directors, who are the trustees for the purpose of charity law, present their report and financial
statements for the year ended 31 May 2023.
The financial statements for the year ended 31 May 2023 follow on page 7, and they are preceded
by the Report of the Independent Examiner.
Structure, governance and management
Loughmacrory Community Development Association is a Northern Ireland basecl charitable
company, limited by guarantee, incorporated on 16 May 2001. The Company registration number is
N1040841.The organisation is registered with the Charity Commission for Northern Ireland. The
registration number is 100907. The charitable company is also registered with HM Revenue &
Customs. The HMRC Charities reference is XR47227. The principal office is the registered office,
176 Loughmacrory Road, Loughmacrory, Omagh, Co Tyrone, BT79 9LG.
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 company being wound up members are required to contribute an amount not exceeding £1.
The number of directors, who are the trustees, shall not be more than fifteen nor less than five. At
every Annual General Meeting of the company, one fifth of the Directors should retire from office.
These should be the longest serving. A retiring director shall be eligible for re election. The directors
have the power at any time to appoint a director.
ObJectlves
The principal activity of the charitable company during the year continued to be that of stimulating
and promoting the creation, within the district and town of Loughmacrory, of new enterprises and
projects, having as an objective the provision of goods or services, the creation of recreational
activates, or the improvement of the environmental well being of the district and town of
Loughmacrory.
Actlvlties
The company's activities include proactively engaging in a broad range of initiatives locally aimed at
enhancing and developing community services and facilities for the purpose of making
Loughmacrory an attractive, socially cohesive and healthy place to live, work and socialise. In
fulfilment of this objective, we work with other local organisations such as Loughmacrory and
Murrins District Angling Association, Loughmacrory GAA Club, St Teresa's Primary School, Nippers
Alley Playgroup and Loughmacrory Women's Group. Outside of the immediate area, we work in
partnership with Omagh Lions Club, Omagh Forum for Rural Associations, Omagh Triathlon Club,
Termon Wheelers, Termon Friendly Care Group, Omagh Harriers, Tyrone GAA County Board and
we are currently engaged in a project involving Omagh Ethnic Community Support Group. The
activities that LCDA engage in are aimed at promoting social inclusion and capacity building. They
include - 4 family fun days per annum, pensioners away days.

Lou
hmacro
Communit Develo
ment Association
Charitable Com
an
Limited b Guarantee
Re
istered number: N1040841
Trustees, Annual Re
ort
incor
oratin
the director's re
ort
Public Benefit Statement
Purpose 1 Promote rural regeneration
The direct benefits which flow from this purpose include.. increased recreational opportunities,
increased access to public amenities, access and availability to land and buildings on favourable
terms to business to create training and employment opportunities and finally, financial and practical
assistance to people who are poor.
These benefits will be evidenced by verbal feedback from participants, attendance registers, the
quality and availability of our recreational facilities, the quality and quantity of our public amenities,
local unemployment statistics and NISRA statistics on annual incomes.
Purpose 2 - Relieve poverty
The direct benefits which flow from this purpose include., increased grants and funding opportunities
for local people to avail of better living conditions and financial security
These benefits will be evidenced by verbal feedback from participants, statistics from government
departments, social media and local press coverage of funding opportunities.
Purpose 3 - Relieve unemployment
The direct benefits which flow from this purpose include.. increased job opportunities and
identification of training opportunities for the unemployed of the local area.
These benefits will be evidenced by verbal feedback from the local community and unemployment
statistics.
Purpose 4 - Preserve and protect health
The direct benefits which flow from this purpose include.. increased health and fitness opportunities
for the local population., community health initiatives, recreational facilities to promote sport and
exercise. These benefits will be evidenced by verbal feedback from participants, attendance
registers of eventslinitiatives, social media and local press coverage of opportunities and initiatives.
Purpose 5 - Advance education
The direct benefits which flow from this purpose include.. increased educational opportunities for
inhabitants of the local area, by ensuring the local school remains open and sustainable
These benefits will be evidenced by verbal feedback from participants, attendance register of the
school and qualifications held by the local population.
Purpose 6 - Provide facilities in the interests of social welfare for recreation and other leisure time
occupations.
The direct benefits which flow from this purpose include.. increased social opportunities for older
people,. family fun days promote interaction locally,. increased sense of community spirit.
These benefits will be evidenced by verbal feedback from participants, attendance registers,
photographs of the events, social media and local press coverage of events.
We do not anticipate any harm leading from our purposes. The charity's beneficiaries are people
living in Loughmacrory and wider rural area, including the unemployed and people in financial
stress.
There is no private benefit flowing from our purposes.

Lou
hmacro
Communit Develo
ment Association
Charitable Com
an
Limited b Guarantee
Re
istered number: N1040841
Trustees, Annual Re
ort
incor
oratin
the director's re
ort
Taxation Status
The charitable company is recognised as a charity by HM Revenue & Customs. Accordingly, the
charitable company has availed of the exemptions contained in Chapter 3 Part 11 Corporation
Taxes Act 2010 and Section 256 Taxation of Chargeable Gains Act 1992.
Achievements and perforrnance
We are progressing on our objectives and targets and believe our work is providing a great benefit
to the local community especially in the wake of the Covid-19 pandemic and the current economic
downturn.
Flnanclal revlow
The organisation had another successful year in which the net assets remain relatively stable at
£168,483. The organisation has continued to service its debt, reducing the loan balance to £5,690,
which will be repaid in full in the incoming year. The trustees believe the charity is in a strong
financial position and are confident the reserves of the company are of a sufficient level to be able
to continue the activities of the charity and to serve their beneficiaries for many years to come.
The unrestricted reserves are available for use al the discretion of the trustees in furtherance of the
general objectives of the charity. All restricted reserves have been utilised as directed by the donor.
Finance reserves are set aside to protect the charity against drops in income. The balance in the
charity's bank accounts at the balance sheet date is £11,639. This is a reduction on the previous
years balance of £19,400, however this included grant money recieved in relation to the new boiler
which was installed and paid for in the current year.
Independent Examlner
At the annual general meeting it was proposed that Tyrone Accountancy Services Ltd would be
re-elected as independent examiners for the incoming year.
Trustees
The trustees of the company are listed on page 1.
Declan McAleer (Chairperson)
Barry McElduff
Martin Donaghy
Sean McDermott
Tom O'Brien
Sharon O'Brien
Kevin McElduff
Raymond Coyle
Orla Fox

Lou
hmacro
Communi
Develo
ment Association
Charitable Com
an
Limited b Guarantee
Re
istered number: N1040841
Trustees. Annual Re
ort
incor
oratin
the directorfs re
ort
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act
2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 27 February 2024 and signed on its behalf.
le
Director

Lou
hmacro
Communi
Develo
ment Association
Charitsble Com
an
Limited b Guarantee
Inde
Lou
endent Examinevs re
hmacro
Communi
ort to the members on the unaudited financlal statements of
Develo
ment Assoclatlon for the
ear ended 31 Ma
2023.
We report on the financial statements of the company for the year ended 31 May 2023, which are set out
on pages 7 to 8.
Respectlve responsibilitles of the charity trustee3 and Independent examlner
As the charitable company's directors, who are the Irustees for the purpose of charity law, you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006 Having satisfied ourselves that the charitable company is not subject to audit
under company law, and is eligible for the independent examination, it is our responsibility to."
examinè the accounts under section 65 of the Charities Act (Northern Ireland) 2008,
follow the procedures laid down in the general Directions given by the Charity commission for
Northern Ireland under section 65(91{bl of the Charities Act (Northern Ireland) 2008, and
state whether particular matters have come lo my attention.
Bas18 of Independent examlner's report
We have examined your charitable company's financial statements as required under section 65 of the
Charitl8s Act and our examination was carried out in accordance with the general Directions given by the
Charity Commission for Northem Ireland under section 6519llbl of the Charities Act,
Our examination included a review of the accounting records kept by the charitable company and
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 charitable company
Directors concerning any such matters
Our role is lo stale whether any material matters have come to our attèntion giving us causè lo believe..
That accounting records were not kept in accordance with section 386 of the Companies Act 2008,.
That the accounts do not accord with those accounting records,, or
That the accounts do not comply with the accounting requirements ol section 396 of the Companies
Act 2006 and with methods and principles of the Charitie5 Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standards
applicable in the UK and Republic of Ireland.. or
That there is further inforrnation néeded for proper understanding of the accounts to be reached.
Independent examlner'8 ststement
Vve have completed our examination and have no concerns in respect of the matters listed above and, in
connection with following the Directions of the Charity Commission for Northern Ireland, we have found
no matters that require drawing to your attention.
Aaron Coyle ACA
On behalf of.
Tyrone Accountancy Services
Chartered Accountants
8-10 Church Street
Omagh
Co. Tyrone
BT78 1DG
27 February 2Q24

Lou
Ch
hmacro
ritable C
Communit Dgvelo
ment Associatlon
Limlted b Guaran
ee
statement of financi
activities
for th
ear ended 31 M 2023
Includin
Incomè and ex
nditure accoun
2023
Unrestricte
funds
2023
R strictod
nd8
2023
2022
Ifun
I fund
Income
Donations and legacies
Other trading aclivilie$
Total income
7,857
13,737
21,594
7.000
14,857
13,737
28,594
11,587
7,229
18,816
7,000
Expenditure
Expenditure on charitable activities
20,919
7,561
28,480
33,392
114
14,576
om
endl
675
561
etw
561
561
Sn
114
114
14,576
Reconclllatlon of funds
Total funds brought forward
rd
168,3fj0
168,483
168,389
168483
182,94S
168,369
All of the activities of the charitable company aT8 classed as Continuing.
The Slalemenl of Financial Activities includes 811 gains and losses recognised during the year.
The notes on pages 9 to 14 fom an inl8gral part of the financial slalemenls.

Lou
hmacro
Communi
Develo
ment Association
Charitable Com
an
Limlted b Guarantee
istered number:
Statement of financial
asat31Ma
2023
N1040841
osltion
Notes
2023
2022
Flxed assets
Tangible assets
1,682,821
1,712,680
Current assets
Cash at bank and in hand
11,639
19,400
Creditors: amounts falllng due
within one year
(11,000)
(4,950)
Net current assets
639
14,450
Total assets less current
liabilitles
1,683,460
1,727,130
Credltors: amounts falllng due
after more than one year
(1,514,977)
(1,558,761)
Net assets
168,483
168,369
Funds of the charlty
Unrestricted funds
Restricted funds
Total charlty funds
168,483
168,369
168,483
168,369
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit
under section 477 of the Companies Act 2006,
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance wilh the special provisions applicable to
companies subject to the small companies regime.
The profit and loss account has not been delivered to the Registrar of Companies under section 444 of the
Companies Act 2006.
The notes on pages 9 to 14 form an integral part of the financial statements.
dco
Director
Approved by the board on 27 February 2024

Lou
hmacro
Communit Develo
ment Association
Charitable Com
an
Limited b Guarantee
Notes to the Accounts
for the
ear ended 31 Ma
2023
Accountln
olicies
8asis of preparation
The financial statements have been prepared under the historical cost convention with items
recognised at cost or transaction values unless othe￿iSe stated in the relevant notes to these
accounts. The financial statements have been prepared in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
their financial statements in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland {FRS 102) effective 1 January 2015 Charities SORP {FRS 1021, the
Companies Act 2006 and the Charities Act {Northern Ireland) 2008.
The currency used for the reporting of these financial statements is Sterling (£1
Golng concern
There are no material uncertainties about the charities ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of sub-classes. restricted income funds or
endowment funds.
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 Activates 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 and renewable feed-in tariffs from property
held for charitable purposes, This income is applied for charitable purposes only and included in
full in the Statement of Financial Activates when receivable.
Resources expended
Expenditure is recognised on an accwals basis as a liability is incurred. Expenditure includes VAT,
and is classified under the heading of 'expenditure on charitable activities,. This includes all costs
incurred by the charity in undertaking activities that further its charitable aims for the benefit of its
beneficiaries, including those support costs and costs relating to the governance of the charity
apportioned to charitable activities.

Lou
hmacro
Communit Develo
ment Association
Charitable Com
an
Limited b Guarantee
Notes to the Accounts
for the
ear ended 31 Ma
2023
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such,
advantage has been taken of the disclosure exemption available under paragraph 1.12 of FRS
102 which allows no cash flow statement to be presented for the company.
Judgéments 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 expectstions 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.
Grant income
Capital grants received and receivable are treated as deferred income and amortised to the profit
and loss account annually over the useful economic life of the asset to which it relates, Revenue
grants are credited to the profit and loss account when received.
Tanglble flxed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,
at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
expected useful life, as follows..
Land & Property
Fixtures, fittings and equipment
20/0 reducing balance
250/0 reducing balance
Credltors
Short term creditors are me8sured at transaction price (which is usually the invoice price). Loans
and other financial liabilities are initially recognised at transaction price net of any transaction costs
and subsequently measured at amortised cost determined using the effective interest method.
Taxation
Loughmacrory Community Development Association is a registered charity and, as such, is
entitled to certain tax exemptions on income and profits from investments and surpluses on any
trading activities carried on in furtherance of the charity's primary objectives, if these profits and
surpluses are applied solely for charitable purposes.
10

Lou
hmacro
Communi
Develo
ment Association
Charitable Com
an
Limited b Guarantee
Notes to the Accounts
for the
ear ended 31 Ma
2023
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities. Where the
contractual obligations of financial instruments are equivalent to a similar debt instrument, those
financial instruments are classed as financial liabilities. Financial liabilities are presented as such
in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included
in the profit and loss account. Finance costs are calculated so as to produce a constant rate of
return on the outstanding liability.
2 Em
lo
2023
Number
2022
Numbor
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 Donatlon8 and le
acle8
2023
2022
Unrestrlcted funds
Donations
Grants income
6,845
1,012
7,857
3,877
3,877
Restricted funds
Donations
Grants income..
Buoyancy aid
Christmas lights
Community centre lights
Lough walk
1,498
712
1,500
5,500
7,000
5,500
7,710
Total income from donations and legacies
14,857
11,587
£1,252 was received from Fermanagh & Omagh District council in relation to the installation of the
Christmas lights. In line with the letter of offer, this is no longer restricted income and has been
shown as a donation. The FODC no longer consider this income grant aid and the charity is not
bound by the councils procurement policies.

Lou
hmacro
Communit Develo
ment Association
Charitable Com
an
Limited b Guarantee
Notes to the Accounts
for the
ear ended 31 Ma
2023
4 Other tradin
activities
2023
2022
Unrestrlcted funds
Renewable energy income
Fundraising events - Santa Sunday
Rent received
Other income
534
825
10,578
1,800
13,737
513
6,716
7,229
Restricted funds
Total Income from other tradlng activitles
13,737
7,229
Included in other income was the sale of treadmill that wasn't bought by the charity.
S Ex
enditure on charitable actlvities b fund t
2023
2022
Unrestrlcted funds
Charitable activities.. support costs
Repayment of grant
Accountancy services
Independent examination services
19,599
20,602
3,138
390
390
24,520
660
660
20,919
Restricted funds
Buoyancy aid
Christmas lights
Foodbank
Community centre lights
Lough walk
1,498
780
210
2,000
5,561
7,561
6,384
8,872
Total resources expended
28,480
33,392
No related party transactions have took place during the year.
12

Lou
hmacro
Communi
Develo
ment Association
Charitable Com
an
Limited b Guarantee
Notes to the Accounts
for the
ear ended 31 Ma
2023
6 Tan
ible fixed assets
Plant and
machlnery
etc
Land and
buildings
Total
Cost
At 1 June 2022
Additions
At 31 May 2023
2,008,856
37,685
7,620
45,305
2,046,541
7,620
2,054,161
2,008,856
Depreclatlon
At 1 June 2022
Charge for the year
At 31 May 2023
301,911
34,139
336,050
31,950
3,340
35,290
333,861
37,479
371,340
Net book value
At 31 May 2023
1,672,806
10,015
1,682,821
At 31 May 2022
1,706,945
5,735
1,712,680
7 Credltorn: amount8 fallln
due wlthln one
ear
2023
2022
Bank loans and overdrafts
Trade creditors and accruals
5,690
5,310
11,000
4,950
4,950
The UCIT loan will be fully repaid within the next 12 months so has been reclassified as falling due
within one year.
The trustees confirmed no temporary loans were outstanding at the year end.
2023
8 Credltors: amounts fallln
due after one
ar
2022
Bank loans and overdrafts
Deferred government grants
11,085
1,547,676
1,558,761
1,514,977
1,514,977
Deferred government grants represents grant income received in relation to capital expenditure.
These capital grants received are treated as deferred income and amortised to the profit and loss
account annually over the useful economic life of the asset to which it relates.
Deferred government grants movement..
Opening balance
1,547,676
New grant received during year
Amortised to profit and loss
Closing balance
(32,699)
1,514,977
13

Lou
hmacro
Communi
Develo
ment Association
Charitable Com
an
Limited b Guarantee
Notes to the Accounts
for the
ear ended 31 Ma
2023
9 Anal
sis of charitable funds
2023
2022
Unrestricted funds
At 1 June 2022
Incomel(Expenditure)
Transfers Ito)Ifrom funds
At 31 May 2023
168,369
675
1561)
168,483
182,735
(13,414)
{952)
168,369
Restricted funds
At 1 June 2022
IncomellExpenditure)
Transfers {tollfrom funds
At 31 May 2023
210
{1,162)
952
{561)
561
A transfer of restricted funds to unrestricted funds has been agreed with the Trustees.
This is broke down as follows..
Community centre lights expenditure in excess of grant received
Lough walk expenditure in excess of grant received
15001
1611
561
10 Anal sls of net assets between funds
2023
2022
Unr￿trIcted funds
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net Assets
167,844
11,639
111,000)
165,004
19,400
{4,9501
{11,085)
168,369
168,483
Restricted funds
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net Assets
1,514,977
1,547,676
(1,514,977) {1,547,676)
11 Other Information
Loughmacrory Community Development Association is a public benefit entity and a private
company limited by guarantee without share capital and incorporated in Northern Ireland. Its
registered office is..
176 Loughmacrory Road
Loughmacrory
Omagh
Co Tyrone
BT79 OAE
14

Lou
hmacro
Communi
Develo
ment Association
Detailed ststement of financial activities
for the
ear ended 31 Ma
2023
2023
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2022
Total
funds
Incomo
21,594
7,000
28,594
18,816
Expenditure on charitsble activities
Premises costs
Administrative expenses
L8gal and professional costs
4,926
14,673
1,320
20,919
4,926
22,234
1,320
28,480
5,086
27,526
780
33,392
7,561
7,561
Not incomel
ex
endlture
for the
ear
675
561
114
14,576

Lou
hmacro
Communi
Develo
ment Association
Detailed statement of financial activities
for the
ear ended 31 Ma
2023
Unrestricted
funds
2023
Restricted
funds
2023
Total funds
Total funds
2023
2022
Income
Donations
Fundraising events
Grants receivable
Renewable Energy Income
Rent received
Other income
6,845
825
8,012
534
10,578
1,800
28,594
3,877
825
1,012
534
10,578
1,800
21,594
7,000
7,710
513
6,716
7,000
18,816
Expendlture on charitable actlvites
Premises costs..
Light and heat
4,926
4,926
4,926
4,926
5,086
5,086
General administrative expenses:
Telephone and fax
Bank charges
Interest
Insurance
Equipmant expensed
Repairs and maintenance
Depreciation
Amortisation of capital grant
Events and entertaining
Sundry expenses
Repaymenl of FODC grant
Buoyancy aid
Christmas lights expenditure
Foodbank expenditure
Community centre lights
Lough walk general maintenance
62S
211
581
2,674
1,250
4,017
37,479
{32,699)
381
154
625
211
581
2,674
1,250
4,017
37,479
132,6991
381
154
176
877
3,610
4,636
36,750
131,648)
1,113
3,138
1,498
780
210
2,000
5,561
7,561
2,000
S,S61
22,234
6.384
27,526
14,673
Legal and professional ¢osls'.
Accountancy fees
1,320
1,320
1,320
1,320
780
780
20,919
28,480
33,392
16