REGISTERED COMPANY NUMBER: N1035510 (Northern Ireland)
REGISTERED CHARITY NUMBER: 101083
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 Janua
2024
for
Mone
neena & District Develo
Initiative 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
2024
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
Initiative Ltd
ment
Re
ort of the Trustees
for the Year Ended 31 Janua
2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the financial statements of the charity for the year ended 31 January 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).
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 occupation, 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
2024
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 health & wellbeing group, horticultural group, children's club, and 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 classes 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 resource.
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 activities have helped to achieve the charity's purposes and provide a benefit to the
beneficiaries.
Page 2

Mone
neena & District Develo
Initiative Ltd
ment
ort of the Trustees
for the Year Ended 31 Janua
2024
FINANCIAL REVIEW
Financial position
The financial statements show a deficit for the year of £11,181 (31.1.23 Deficit £12,432) Net
assetslfunds £585.550 (31.1.23 £596,731).
Performance model used to account for grants resulting in capital government grants shown on the
SOFA.
Capital Grants received this year were £1,941 and shown on the SOFA.
Excluding these grants, the Charity has a normal operating nett deficit for the year of £13,122.
(3111123 nett deficit from normal operating activities £18,151.)
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
2024
Trustees
S F Bradley
J A Bradley
M Kelly
Ms R M Logue
Ms S Mcwilliams (resigned 12.9.24)
C Mc Williams (deceasedlresigned12.9.24)
M P Murray
P Ui Raifeartaigh
S Laird
M Bovill Ni Bhrochain (resigned 12.10.23)
C Corry
Independent Examiner
W McGillian
W MCGILLIAN & CO LTD
Unit A2, Workspace
5-7 Tobermore Road
Draperstown
Derry
BT45 7AG
Bankers
AIB Bank (Nl)
Wellington Street
Ballymena
Approved by order of the board of trustees on
behalf by:
Ii.E)..J. 3+.:..............
and signed on its
M 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 2024, 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
independent examination, it is my responsibility to..
examine the accounts under Section 65 of the Charities Act
follow the procedures laid down in the general Directions given by the Charity Commission
for Northern Ireland under Section 65(9){b) of the Charities Act
state whether particular matters have come to my attention.
Basis of the independent 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 Practice 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 examinerfs statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed
above and. in connection with following the Directions of the Charity Commission for Northern
Ireland, I have found no matters that require drawing to your attention.
McGillian
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
Is-
L4
Page 6

Mone
neena & District Dev810
I nitiative Ltd
ment
statement of Financial Activities
for the Year Ended 31 Janua
2024
31.1.24
Total
funds
31.1.23
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
4,001
4,000
2,700
Charitable activities
Charitable Activities
18,853
8,693
27,546
30,145
Total
22,854
8,693
31,546
32,846
EXPENDITURE ON
Charitable activities
Charitable Activities
35,976
6,751
42,727
45,278
NET INCOMEI{EXPENDITURE)
Transfers between funds
(13,122)
1.941
1,941
1.941)
(11,181)
(12,432)
14
Net movement in funds
(11,181)
(11 181)
(12,432)
RECONCILIATION OF FUNDS
Total funds brought forward
596,731
596,731
609.163
TOTAL FUNDS CARRIED FORWARD
585,550
585,550
596,731
The notes form part of these financial statements
Page 7

Mone
neena & District Develo
Initiative Ltd
ment
Statement of Financial Position
31 Janua
2024
31.1.24
31.1.23
Notes
FIXED ASSETS
Tangible assets
574,398
591,162
CURRENT ASSETS
Debtors
Cash at bank and in hand
10
7,950
5,184
4,950
3,120
13,134
8,070
CREDITORS
Amounts falling due within one year
(1.982)
(2,501}
NET CURRENT ASSETS
11,152
5,569
TOTAL ASSETS LESS CURRENT
LIABILITIES
585,550
596,731
ACCRUALS AND DEFERRED INCOME
NET ASSETS
585.550
596,731
FUNDS
Unrestricted funds
Restricted funds
14
585,550
596,731
TOTAL FUNDS
585,550
596,731
The charitable company is entitled to exemption from audit under Section 477 of the Companies
Act 2006 for the year ended 31 January 2024.
The members have not required the company to obtain an audit of its financial statements for the
year ended 31 January 2024 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
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
and were signed on its behalf by..
M Kelly - Trustee
The notes form part of these financial statements
Page 9

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements
for the Year Ended 31 Janua
2024
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
Plant and machinery
Straight line over 50 years
25 % 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 each fund is included in the notes to the
financial statements.
Page 10
continued...

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
DONATIONS AND LEGACIES
31.1.24
31.1.23
Donations
4,000
2,700
4,000
2,700
INCOME FROM CHARITABLE ACTIVITIES
31.1.24
31.1.23
Activity
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(Hudy's cafe)
Rent
7,805
1,122
8,693
4.045
2,283
142
6.325
1,604
14,479
3,060
2,160
333
Charitable Activities
Charitable Activities
2.271
1,185
2,184
27,546
30,145
Grants received. included in the above, are as follows."
31.1.24
31.1.23
MUDC Community Venue
MUDC
CWSAN Community
CFNI
Mid Ulster District Council
DAERA Microl CWSAN
MUDC Greenfingers
Workspace
4,350
3,000
3,000
750
3,010
2,400
625
1.318
1,469
1,250
2,000
8.693
14,479
Page11
continued...

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 5)
Charitable Activities
42,727
SUPPORT COSTS
Governance
costs
Charitable Activities
42,727
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after chargingl(crediting):
31.1.24
31.1.23
Depreciation - owned assets
24.402
25,816
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 January 2024
nor for the year ended 31 January 2023.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 January 2024 nor for the year
ended 31 January 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,701
2,701
Charitable activities
Charitable Activities
15,666
14,479
30,145
Total
18,367
14,479
32,846
EXPENDITURE ON
Charitable activities
Charitable Activities
36,607
8,671
45,278
Page 12
continued...

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
Unrestricted Restricted
Total
funds
funds
funds
NET INCOMEI(EXPENDITURE)
Transfers between funds
(18,240)
6,808
5,808
6,808)
(12,432)
Net movement in funds
(11,432)
(1,000)
(12,432)
RECONCILIATION OF FUNDS
Total funds brought forward
608,163
1,000
609,163
TOTAL FUNDS CARRIED
FORWARD
596,731
596,731
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Plant and
machinery
Totals
COST
At 1 February 2023
Additions
706,617
6,375
115,560
7,355
1,263
829,532
7,638
At 31 January 2024
712,992
115.560
8,618
837.170
DEPRECIATION
At 1 February 2023
Charge for year
169,438
14,249
67,259
9,017
1,673
1,136
238.370
24.402
At 31 January 2024
183,687
76,276
2,809
262,772
NET BOOKVALUE
At 31 January 2024
529,305
39,284
5,809
574,398
At 31 January 2023
537,179
48,301
5.682
591,162
Page 13
continued...

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24
31.1.23
other debtors
7,950
4,950
7,g50
4,950
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24
31.1.23
Bank loans and overdrafts (see note 12)
other Creditors
VAT
Accrued expenses
81
355
2,065
252
1,730
1,982
2.501
12. LOANS
An analysis of the maturity of loans is given below..
31.1.24
31.1.23
Amounts falling due within one year on demand:
Bank overdrafts
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.1.24
Total
funds
31.1.23
Total
funds
Unrestricted Restricted
funds
funds
Fixed assets
Current assets
Current liabilities
Accruals and deferred income
474,988
162.844
(52,282)
99.410
(149,710)
50,300
574,398
13.134
(1,982)
591,162
8,070
(2,501)
585.550
585,550
596,731
Page 14
continued...

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
14. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
bebNeen
funds
At
31.1.24
At 1.2.23
Unrestricted funds
General fund
Charitable Activities
Revenue Grant
578,075
6,206
12,450
(13,123)
1,941
566,893
6,206
12,450
596,731
(13,123)
1,941
585,549
Restricted funds
Revenue Grant
Capital Grant
4,532
1,941
(1,941)
4,533
4,532)
1,941
TOTAL FUNDS
596,731
11,181)
585,550
Net movement in funds. included in the above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestricted funds
General fund
22,854
(35,977)
(13,123)
Restricted funds
Revenue Grant
8,692
{6.750)
1.942
TOTAL FUNDS
31,546
42.727)
11,181)
Page 15
continued...

Mone
neena & District Develo
I nitiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
14. MOVEMENT IN FUNDS - continued
Comparatives for 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
TOTAL FUNDS
609,163
12,432)
596,731
Comparative 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 16
continued...

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
15. RELATED PARTY DISCLOSURES
The Charity purchased land from Trustee M Kelly during the year, totalling £6,375.
Page 17

Mone
neena & District Develo
Initiative Ltd
ment
Detailed Statement of Financial Activities
for the Year Ended 31 Janua
2024
31.1.24
31.1.23
INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
4.000
2,700
4,000
2,700
Charitable activities
Fundraising events
Other Income
Grants
Hall Hire
Gym Membership
Community Allotments
Management charge(Hudy's cafe)
Rent
7,805
1,122
8,693
4,045
2.283
142
2.271
1,185
6,325
1,604
14,479
3,060
2,160
333
2,184
27,546
30,145
Total incoming resources
31,546
32,846
EXPENDITURE
Support costs
Governance costs
Rates and water
Insurance
Light and heat
Telephone
Accountancy fees
Repairs & Maintenance
Cleaning & consumables
Advertising
Bank Fees
Sundries
Subscriptions & licences
Fire Safety & Maintenance
Entertainment Licence
Christmas Event
Carried forward
1.340
2,491
8,340
735
1,093
417
809
2,429
8,564
696
813
1,250
728
150
161
150
80
195
20
514
478
436
15,661
151
16,380
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
2024
31.1.24
31.1.23
Governance costs
Brought forward
Vat annual adjustment
Printing and Stationery
Events
Women's Training Programme
Freehold property
Plant and machinery
15.661
23
16,380
46
31
250
2,391
14,249
10,153
3,005
14,050
11,766
42,727
45,278
Total resources expended
42,727
45,278
Net expenditure
11.181)
12,432)
This page does not form part of the statutory financial statements
Page 19