REGISTERED COMPANY NUMBER: N1035510 (Northern Ireland)
REGISTERED CHARITY NUMBER: 101083
Re
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 Janua
2023
for
Mone
neena & District Develo
I nitiative Ltd
ment
W MCGILLIAN & CO LTD
Unit A2, Workspace
5-7 Tobermore Road
Draperstown
Derry
BT45 7AG

Mone
neena & District Develo
Initiative Ltd
ment
Contents of the Financial Statements
for the Year Ended 31 Janua
2023
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Statement of Financial Position
Notes to the Financial Statements
10 to 17
Detailed Statement of Financial Activities
18 to 19

Mone
neena & District Develo
I nitiative Ltd
ment
Re
ort of the Trustees
for the Year Ended 31 Janua
2023
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 January 2023.
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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Company shall be:
to relieve poverty, sickness and the aged and to promote the benefit of the inhabitants of the
Moneyneena and district area of Co. Derry and its environs (hereinafter described as the area of
benefit") without distinction of age, sex, race, political religious or other opinion, by associating
voluntary organisations and inhabitants in a common effort to advance education, and to provide
facilities in the interests of social welfare for recreation or other leisure-time OGcupation, with the
object of improving the conditions of life for the said inhabitants.
Page 1

Mone
neena & District Develo
Initiative Ltd
ment
Re
ort of the Trustees
for the Year Ended 31 Janua
2023
OBJECTIVES AND ACTIVITIES
Public benefit
The organisation has developed and built a Local Community Resource facility which is able to
accommodate a wide range of organisations and individuals in the local and surrounding rural area
of Moneyneena in South Derry.
The Community facility which is owned and managed by the local community provides a range of
activities including a parent and toddlers group, horticultural group, usage by sporting and cultural
organisations, Irish Dance school and local Primary Schools.
Educational classes are held with the support of local training organisations and include first aid,
photography, sewing, cooking, yoga, keep fit and pilates. The heritage & culture of the area is
being kept alive through the centre providing support for the local history group and primary
school. These Glasses are well attended throughout the year and our concerts, drama and other
entertainment nights are very popular.
The Centre is open to all within the wider community providing a invaluable resour￿.
The group undertakes fundraising to raise much needed funds for the operation and its ongoing
development. The big breakfast and fun day were well attended. We secured funding to help run a
Women's Training Programme and we continue to improve our Christmas decorations each year
with the help from the local council.
The Board have continued to develop new project ideas which specifically focus on creating
access to local services provision in the Moneyneena area including health and well-being and
more recently are investigating the linkage of the An Rath Dubh site to Moydamlaght Forest. The
Group are working with a number of organisations including the local Council to help progress
these ideas and it is anticipated that some of these projects will be delivered over the next 12-24
months.
With no paid staff all community endeavours are undertaken on a voluntary basis.
There continues to be no private gain to any individual member.
In setting our objectives and planning our activities for the year the trustees have given careful
consideration to the Charity Commission for Northern Ireland's guidance on public benefit to
ensure that the aGtivities have helped to achieve the charity's purposes and provide a benefit to the
beneficiaries.
Page 2

Mone
neena & District Develo
I nitiative Ltd
ment
ort of the Trustees
for the Year Ended 31 Janua
2023
FINANCIAL REVIEW
Financial position
The financial statements show a deficit for the year of £12,432 (31.1.22 SurpSus £3,308) Net
assetslfunds £596,731 (31.1.22 £609,163).
Performance model used to account for grants resulting in capital government grants shown on the
SOFA.
Capital Grants received this year were £5,719 and shown on the SOFA.
Excluding these grants, the Charity has a normal operating nett deficit for the year of £18,151.
(3111122 nett deficit from normal operating activities £15,962.)
Management will continue to monitor revenue and spending on a monthly basis
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.
Organisational structure
The management committee of Moneyneena & District Development Initiative Ltd administers the
charity. Monthly meetings are normally held to discuss ongoing projects, finances and other
issues.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to
ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
N1035510 (Northern Ireland)
Registered Charity number
101083
Registered office
53 Moneyneena Road
Draperstown
Co. Derry
BT45 7EN
Page 3

Mone
neena & District Develo
Initiative Ltd
ment
Re
ort of the Trustees
for the Year Ended 31 Janua
2023
Trustees
S F Bradley
J A Bradley
M Kelly
Ms R M Logue
J T Mcshane (resigned 14.2.22)
Ms S Mcwilliams
C Mcwilliams
M P Murray
Ms P Ui Raifeartaigh
S Laird (appointed 3.3 22)
Ms M Bovill Ni Bhrochain (appointed 3.3.22) (resigned 12.10.23)
Ms B Donnelly (appointed 3.3.22} (resigned 22.9.22)
Ms C Corry (appointed 3.3.22)
Company Secretary
Independent Examiner
W MCGILLIAN
Financial Accountant
W MCGILLIAN & CO LTD
Unit A2, Workspace
5-7 Tobermore Road
Draperstown
Derry
BT45 7AG
Bankers
ASB Bank
Wellington Street
Ballymena
Approved by order of the board of trustees on 27 October 2023 and signed on its behalf by..
Kelly - Trustee
Page 4

Inde
endent Examiner's Re
ort to the Trustees of
Mone
neena & District Develo
ment
Initiative Ltd
I report on the accounts of the company for the year ended 31 January 2023, which are set out on
pages seven to seventeen.
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
independant 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 examinerfs 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..
That accounting records were not kept in accordance with section 386 of the Companies Act
2006
That the accounts do not accord with those accounting records
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 PractiGe applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland
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 Northem
Ireland, I have found no matters that require drawing to your attention.
W MCGILLIAN
Financial Accountant
W MCGILLIAN & CO LTD
Unit A2, Workspace
5-7 Tobermore Road
Draperstown
Derry
BT45 7AG
Page 5

Inde
endent Examiner's Re
ort to the Trustees of
Mone
neena & District Develo
ment
Initiative Ltd
Date:
Page 6

Mone
neena & District Develo
I nitiative Ltd
ment
statement of Financial Activities
for the Year Ended 31 Janua
2023
31.1.23
Total
funds
31.1.22
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,700
2,700
3,050
Charitable activities
Charitable Activities
15,666
14,479
30,145
40,793
Totsl
18,367
14,479
32,846
EXPENDITURE ON
Charitable activities
Charitable Activities
NET INCOMEI(EXPENDITURE)
Transfers between funds
36,607
{18,240)
8,671
5,808
45,278
(12,432)
40,536
3,308
14
6,808
6,808)
Net movement in lunds
(11,432)
(1,000)
(12,432)
3,308
RECONCILIATION OF FUNDS
Total funds brought forward
608,163
1,000
609,163
605,855
TOTAL FUNDS CARRIED FORWARD
596,731
596,731
609,163
The notes form part of these financial statements
Page 7

Mone
neena & District Develo
I nitiative Ltd
ment
Statement of Financial Position
31 Janua
2023
31.1.23
31.1.22
Notes
FIXED ASSETS
Tangible assets
591,162
605,634
CURRENT ASSETS
Debtors
Cash at bank and in hand
10
4,950
3,120
6,950
1,093
8,070
8,043
CREDITORS
Amounts falling due within one year
(2,501)
(4,515)
NET CURRENT ASSETS
5,569
3,529
TOTAL ASSETS LESS CURRENT
LIABILITIES
596,731
609,163
ACCRUALS AND DEFERRED INCOME
NET ASSETS
596,731
609,163
FUNDS
Unrestricted funds
Restricted funds
14
596,731
608,163
1,000
TOTAL FUNDS
596,731
609,163
The charitable company is entitled to exemption from audit under Section 477 of the Companies
Act 2006 for the year ended 31 January 2023.
The members have not required the company to obtain an audit of its financial statements for the
year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) Complying with the requirements of the Act with respect to accounting records and the
preparation of accounts
The notes form part of these financial statements
Page 8
continued...

Mone
neena & District Develo
Initiative Ltd
ment
Statement of Financial Position - continued
31 Janua
2023
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
27 October 2023 and were signed on its behalf by..
M Kelly - Trustee
The notes form part of these financial statements
Page 9

Mone
neena & District Develo
I nitiative Ltd
ment
Notes to the Financial Statements
for the Year Ended 31 Janua
2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial staternents 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 beriefits will be required in settlement and the amount of the obligation can be
measured reliably. Expenditure is aGcounted 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
onsistent 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
Plant and machinery
straight line over 50 years
250/0 on reducing balance
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 eaGh fund is included in the notes to the
financial statements.
Page 10
continued..

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Staternents - continued
for the Year Ended 31 Janua
2023
DONATIONS AND LEGACIES
31.1.23
31.1.22
Donations
3,050
2,700
3,050
INCOME FROM CHARITABLE ACTIVITIES
31.1.23
31.1.22
Activity
Charitable Activities
Charitable Activities
Charitable Activities
Charitable Activities
Charitable Activities
Charitable Activities
Charitable Activities
Fundraising events
Other Income
Grants
Hall Hire
Gym Membership
Community Allotments
Management charge
6,325
1,604
14,479
3,060
2,160
333
2,184
1,858
598
34,720
1,710
612
1,295
30,145
40,793
Grants received, included in the above, are as follows..
31.1.23
31.1.22
MUDC Community Venue
MUDC
CWSAN Community
MUDC
CFNI Grant
Co-operation Ireland
HaSifax
DAERA MicrolCWSAN
Community Finance Ireland
Bank of Ireland
MUDCIGreenfingers
Workspace
3,000
3,000
750
3,000
1,000
3,010
14,005
3,000
1,265
12,000
450
1,469
1,250
2,000
14,479
34,720
Page 11
continued...

Mone
neena & District Develo
I nitiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2023
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 5)
Charitable Activities
45,278
SUPPORT COSTS
Governance
costs
Charitable Activities
45,278
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after chargingl{crediting):
31.1.23
31.1.22
Depreciation owned assets
25,816
26,914
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 January 2023
nor for the year ended 31 January 2022.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 January 2023 nor for the year
ended 31 January 2022.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,050
3,050
Charitsble activities
Charitable Activities
18,523
22,270
40,793
Total
21,573
22,271
43,844
EXPENDITURE ON
Charitable activities
Charitable Activities
NET INCOMEI(EXPENDITURE)
37,536
(15,963)
3,000
19,271
40,536
3,308
Page 12
continued...

Mone
neena & District Develo
I nitiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2023
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
Unrestricted Restricted
Total
funds
funds
funds
Transfers between funds
18,271
18,271
Net movement in funds
2,308
1,000
3,308
RECONCILIATION OF FUNDS
Total funds brought forward
605,855
605,855
TOTAL FUNDS CARRIED
FORWARD
608,163
1,000
609,163
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Plant and
machinery
Totals
COST
At 1 February 2022
Additions
702,492
4,125
111,991
3,569
3,705
3,650
818,188
11,344
At 31 January 2023
706,617
115,560
7,355
829,532
DEPRECIATION
At 1 February 2022
Charge for year
155,388
14,050
56,001
11,258
1,165
508
212,554
25,816
At 31 January 2023
169,438
67,259
1,673
238,370
NET BOOK VALUE
At 31 January 2023
537,179
48,301
5,682
591,162
At 31 January 2022
547,104
55,990
2,540
605,634
Page 13
continued...

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2023
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23
31.1.22
Other debtors
4,950
6,950
4,950
6,950
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23
31.1.22
Bank loans and overdrafts (see note 12)
Other Creditors
VAT
Loan Sports Fund
Accrued expenses
81
355
675
1,000
2,840
2,065
2,501
4,515
12. LOANS
An analysis of the maturity of loans is given below..
31.1.23
31.1.22
Amounts falling due within one year on demand..
Bank overdrafts
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted
funds
funds
31.1.23
Total
funds
31.1.22
Total
funds
Fixed assets
Current assets
Current liabilities
Accruals and deferred income
491,752
157,782
(52,803)
99,410
(149,712)
50,302
591,162
8,070
(2,501)
605,634
8,044
(4,515)
596,731
596,731
609 163
Page 14
continued...

Mone
neena & District Develo
I nitiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2023
14. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.1.23
At 1.2.22
Unrestricted funds
General fund
Charitable Activities
Revenue Grant
589,507
6,206
12,450
(18,240)
6,808
578,075
6,206
12,450
608,163
(18,240)
6,808
596,731
Restricted funds
Revenue Grant
Capital Grant
1,311
5,808
(2,587)
4,532
1,000
5,808
6,808
TOTAL FUNDS
609,163
12432)
596,731
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestricted funds
General fund
18,367
(36,607)
{18,240)
Restricted funds
Revenue Grant
14,479
(8,671)
5,808
TOTAL FUNDS
32,846
45,278)
12,432)
Page 15
continued.

Mone
neena & District Develo
I nitiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2023
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.1.22
At 1.2.21
Unrestricted funds
General fund
Charitable Activities
Revenue Grant
599,649
6,206
(28,413)
18,271
589,507
6,206
12,450
12,450
605,855
{15,963)
18,271
608,163
Restricted funds
Revenue Grant
Capital Grant
1,311
1,311)
1,311
311)
19,271
18,271)
19,271
1,000
TOTAL FUNDS
605,855
3,308
609,163
Comparative net movement in funds. included in the above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestricted funds
General fund
Revenue Grant
9,123
12,450
{37,536)
(28,413)
21,573
(37,536)
(15,963)
Restricted funds
Revenue Grant
Capital Grant
3,000
19,271
(3,000)
19,271
22,271
3,000
19,271
TOTAL FUNDS
43,844
40,536)
3,308
Page 16
continued...

Mone
neena & District Develo
I nitiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2023
15. RELATED PARTY DISCLOSURES
The Charity purchased land from Trustee M Kelly during the year, totalling £4,125.
Page 17

Mone
neena & District Develo
Initiative Ltd
ment
Detailed Statement of Financial Activities
for the Year Ended 31 Janua
2023
31.1.23
31.1.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations
2,700
3,050
2,701
3,051
Charitable activities
Fundraising events
Other Income
Grants
Hall Hire
Gym Membership
Community Allotments
Management charge (Hudy's Café)
6,325
1,604
14,479
3,060
2,160
333
2,184
1,858
598
34,720
1,710
612
1,295
30,145
40,793
Total incoming resources
32,846
43,844
EXPENDITURE
Support costs
Governance costs
Rates and water
Insurance
Light and heat
Telephone
Accountancy fees
Repairs & Maintenance
Cleaning & consumables
Bank fees
Health & Safety
Advertising
Bank Fees
Sundries
Subscriptions & licences
Fire Safety & Maintenance
Entertainment Licence
Christmas Event
Carried foNard
809
2,429
8,564
696
813
1,250
728
155
940
2,278
7,189
369
1,028
259
41
118
291
150
150
390
167
478
151
16,380
552
13,622
This page does not form part of the statutory financial statements
Page 18

Mone
neena & District Develo
Initiative Ltd
ment
Detailed Statement of Financial Activities
for the Year Ended 31 Janua
2023
31.1.23
31.1.22
Governance costs
Brought forward
Vat annual adjustment
Printing and Stationery
Women's Training Programme
Freehold property depreciation
Plant and machinery depreciation
16,380
46
31
3,005
14,050
13,622
13,796
13,118
45,278
40,536
Total resources expended
45,278
40,536
Net (expenditure)lincome
12,432)
3,308
This page does not form part of the statutory financial statements
Page 19