REGISTERED COMPANY NUMBER: N1035510 (Northern Ireland)
REGISTERED CHARITY NUMBER: 101083
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 Janua
2025
for
Mone
neena
Districl Develo
Initiative Ltd
ment
W McGillian & Co
&7 Tobermore Road
Draperstown
BT45 7AG

Mone
neena & District Develo
Initiative Ltd
ment
Contents of the Financial Statements
for the Year Ended 31 Janua
2025
Page
Report of the Trustees
Independent Examinevs Report
Statement of Financial Activities
Statement of Financial Position
Notes to the Flnancial Statements
10 to 17
Detailed Statement of Financiel Activities
18 to 19

Mone
neena & District Develo
Initiative Ltd
ment
ort of Ihe Trustees
for the Year Ended 31 Janua
2025
The trustses who are also directors of the charity for the purposes of the Companie5 Act 2006,
pr8s8nt their report with the financial statements of the charity for the y8ar ended 31 January 2025.
The trustees have adopted the provisions of Accounting and Reporting by Charities: Staternent 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.. -
lo relieve poverty. sickness and the aged and to promote the benefit of the Inhabltants of the
Moneyneena and district area of Co. Dery and Its environs (hereinafter described as "the area of
benefit") without distinction of age, sex, race, political religious or other opinion, by associatlng
voluntary organisations and inhabltants in a common effort to advance education, and to provide
faGilities in the interests of social welfare for recreation or other lelsure-time occupation, with the
object of improving the Conditions of life for the said Inhabit8nts.
Page 1

Mone
neena & District Develo
Initiative Ltd
ment
Re
ort of the Trustees
for the Year Ended 31 Janua
2025
OBJECTIVES AND ACTIVITIES
Public benefit
The organisation h8s developed and bullt 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.
Educatlonal classes are held with the support of local training organisations and f8cllitstors and
include first aid, arts 2nd crafts, cooking, yoga, keep fit and horticulture. 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 w811 attended throughout the year and our concerts, drama and
olher entertalnment nights continue to be popular, addressing social exclusion within a rural area
with limited access to services.
The Centre is open lo all providing an invaluable resource for local people from withSn the
communlty and beyond.
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 build
up resources at the facllity, supportlng volunteers to carry out their roles and dutles. Additionally,
we continue lo improve our Christmas decorations each year with the help from the local council.
The Board have continued to develop n8w project ideas which specifically focus on creatlng
access to local services provision in the Moneyneena area Including health 8nd well-being and
continue to investigate the linkage of the An Rath Dubh site to Moydamlaght Forest. The Group
are worklng with a number of organisations including the local Council to help progress these ideas
and11 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 prlvate gain to any Individual member.
In settSng our objectives and planning our actlvlties for the year the trustees have given careful
on5ideration 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
neens & District Devélo
Initiative Ltd
ment
Re
ort of Ihe Trustees
for the Year Ended 31 Janua
2025
FINANCIAL REVIEW
Financial position
The financial statements show a deficit for the year of £14,073 {31.1.24 Daficit £11,181) Net
assetslfunds £571,477 (31.1.24 £558,550).
Performance model used to account for grants resulting in capita5 government grants shown on the
SOFA.Capital Grants received this year were £1.833 and shown on the SOFA. Excluding these
grants, the Charity has a normal operating nett deficit for the year of £15,906. (3111124 nett deficit
from normal operating activities £13,122.)
Depreciation of c8Pltal assets totalling £23,089 Is recorded as an expense In the flnancial
statements. Thls is a non-cash expense.
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 8 limited
company, limited by guarantee, as d8fin8d by the Companies Act 2006,
Organisational structur¢
The management committee of Moneyneena & Distrlct Development Initiative Ltd admlnlsters the
charity. Monthly meetings ar8 normally held to dlscuss 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 agalnst fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
N1035510 (Northern Ireland)
Registered Charlty number
101083
Reglstered office
53 Moneyneena Road
Draperstown
Co. De
BT45 7EN
Trustees
S F Bradley
J A Bradley
Kelly
Ms R M Logue
Ms S Mcwilliams (resigned 12.9.241
C Mcwilliams (resigned 12.9.24)
M P Murray
P Ui Raifeartaigh
S Laird
C Corry
Page 3

Mone
neena & District Develo
Initiative Ltd
ment
Re
ort of the Trustees
for the Year Ended 31 Janua
2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
K Magill - Chartered Accountant
W McGillian & Co
5-7 Tobermore Road
Draperstown
BT45 7AG
Banker6
AIB Bank (Nl)
Wellington Street
Ballymena
Approved by order of the board of trustees on
behalf by".
and signed on its
M Kelly - Trustee
Page 4

Inde
endent Examinerfs Re
ort to the TrLJStees of
Mone
neena & District Develo
ment
Initiative Ltd
I report on the accounts of the wrnpany for the year ended 31 January 2025, which are set out on
pages seven to seventeen.
Respectlve responsibilities of charlty trustees and examtner
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 Charlty Commission
for Northern Ireland under Section 65(9)(b) of the Charities Act
slate whether particular matters have come to my attention.
Basls of the Independent examiner's report
I have examined your charity accounts as required under Section 65 of the Charities Act and my
examination was carrled out in accordance with the general Directions given by the Charlty
Commlssion for Northern Ireland under Section 65(91(b) of the Ch8rities Act, The examination
included a review of the accounting records kept by the charity and a compari50n of the accounts
presented with those records. It also included consideration of any unusual items or disclosures in
the accounts, and seeklng explanations from you as charily trustees concerning any such matters.
My rol8 IS to state whether any material matters have come to my attention giving me cause to
belleve:
Th8t accounting records were not kept in aG¢ordance with Section 386 of the Companies Act
2006
That the accounts do not accord with those accounting records
That the accounts do not comply wlth the accounting requirements of Section 396 of the
Companies Act 2006 and with the methods and prlnclples of the Charities Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reportlng 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 rny examination and have no concems In respect of the matters (1) to (4) Ilsted
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.
K Magill - Chartered Accountant
W McGillian & Co
5-7 Tobermore Road
Draperstown
BT45 7AG
Date..
lo
Page 5

Mone
neena & District Develo
Initiative Ltd
ment
Statement of Financial Activities
for the Year Ended 31 Janua
2025
31.1,25
Total
funds
31.1.24
Total
funds
Unrestricted Restricted
funds
fund5
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
6,750
6,750
4,000
Charitable aGtivities
Charltable Actlvities
15,205
6,208
21.413
27,546
Total
21,955
6.208
31,546
EXPENDITURE ON
Charltable activltles
Charltable Activities
38,486
42,236
NET INCOMEIIEXPENDITURE)
Transfers between funds
(16,531)
2,458
2,4Jf8
(14,073) (11,181)
14
Net movernent in funds
(14,073)
(14,073)
(11,181)
RECONCILIATION OF FUNDS
Total funds brought forward
585,550
585,550
596,731
TOTAL FUNDS CARRIED FORWARD
571477
571,477
585,550
The notes form part of these financial statements
Page 7

Mone
neena & District Develo
Initiative Ltd
menl
Statement of Financial Position
31 Janua
2025
31.1.25
31.1.24
Notes
FIXED ASSETS
Tangible assets
553,494
574,398
CURRENT ASSETS
Debtors
Cash at bank and in hand
10
10,700
9,927
7,950
5,184
20,627
13,134
CREDITORS
Amounts falling due within one year
(2,644)
(1,982)
NET CURRENT ASSETS
17,983
11,152
TOTAL ASSETS LESS CURRENT
LIABILITIES
571,477
585.550
ACCRUALS AND DEFERRED INCOME
NET ASSETS
571,477
585 550
FUNDS
Unrestricted funds
Restrfcted funds
14
571,477
585.550
TOTAL FUNDS
571,477
585,550
The charitable company is entitled to exemption frorn audit under Section 477 of the Companies
Act 2006 for the year ended 31 January 2025.
The Members have not required the company to obtain an audlt of its flnancSal statements for the
year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
la) 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
2025
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
..I,-l L<
and were signed on its behalf by:
M Kelly- Trustee
The noles 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
2025
ACCOUNTING POLICIES
Basls of preparlng the flnanclal statements
The financial statements of the charllable 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 Charilies.. 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 Financi21 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.
IncoTne
All income is recognised in the Statement of Financial Activities once Ihe charity has
entitlement to the funds, it is probable that the income will be received and the amount can
be measured rellably.
Expenditure
Liabilities are recognised as expenditure as soon as there Is a legal or constructlve
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 headlngs that aggregate all cost related to the category. Where costs cannot
be directly attributed to particular headings they have been allocated to actlvltles on a basis
conslstent with the use of resources.
Tanglble flxed assets
Depreciation is provided at the followlng annual rates in ord8r to write off each asset over its
eslimated useful life.
Freehold property
Plant and machinery
Straight line over 50 years
250/0 on reducing balance
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Fund aGcountlng
Unrestricted funds can be used in accordanca with tha charitable obj8Ctiv&s 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 specifiecf 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
Initialive Ltd
ment
Notes to the Financial Statements- continued
for the Year Ended 31 Janua
2025
DONATIONS AND LEGACIES
31.1.25
31.1.24
Donations
6,750
INCOME FROM CHARITABLE ACTIVITIES
31.1.25
31.1.24
Activity
Fundraising events
Charitable Activities
Other Income
Charitable Activities
Grants
Charitable Actlvities
Hall Hire
Charitable Actlvlties
Gym Membership
Charitable Activitles
Community Allotments Charitable Activlties
Management
charge(Hudy's cafe)
R8nt
6,770
1,003
6,208
3,213
7,805
1,122
8,693
4,045
2,283
142
17
Charitable Activities
Charltable Acuvitles
3,017
2,271
Grants received, included in the above, are as follow5.'
31.1.25
31.1.24
MUDC Community Venue
CFNI
Mid Ulster Dlstrlct Council
DAERA Microl CWSAN
4,375
4,350
2,400
625
1,318
1,833
6,208
8,693
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 5)
Charitable Activities
42,236
Page11
continued...

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements - continued
for Ihe Year Ended 31 Janua
2025
SUPPORT COSTS
Governance costs
Charitable Activities
42,236
NET INCOMEI(EXPENDITUREJ
Net incomel(expendlture} is stated after chargingl(crediting)'.
31.1.25 31.1.24
D8preciation - owned assets
23.069
24,402
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remun6ratlon or other benefits for the
year ended 31 January 2025 nor for the year ended
31 January 2024.
Trustees, expenses
There were no trustees, expenses paid for the year ended
31 January 2025 nor for the year ended 31 January 2024.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted funds
Restrlcted funds Total
INCOME AND ENDOWMENTS FROM
Donations and legacies
4,000
4,000
Charitable actlvltles
Charitable Activities
18,853
27.546
Total
22,854
8,692
31,546
EXPENDITURE ON
Charitable activities
Charitable Activities
35,976
6.751
42,727
Page 12
continued

NET INCOMEI{EXPENDITURE)
Transfer5 between funds
(13,122)
1,941
1,941
(11.181)
Net movement in funds
(11,181)
(11,181)
RECONCILIATION OF FUNDS
Total funds brought forward
596,731
596,731
TOTAL FUNDS CARRIED
FORWARD
585,550
585,550
Page 12
continued

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Endecl 31 Janua
2025
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Plant and
machinery
Totsls
COST
At l February 2024
Addltlons
712,992
115,560
8.618
837.170
2,165
At 31 January 2025
712,992
117725
8,618
839,335
DEPRECIATION
At 1 February 2024
Charge for year
183,687
14,132
76,276
8,028
2.809
909
262,772
23,069
At 31 January 2025
197 819
84,304
285 841
NET BOOK VALUE
At 31 January 2025
515 173
4,900
553,494
At 31 January 2024
529,305
5.809
574 398
10, DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
31.1,25
31.1.24
Other debtors
10,700
7,950
7,950
Page13
continued...

Mone
neena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25
31.1.24
Trade creditors
VAT
Accrued expenses
834
252
1,730
2,644
12. LOANS
An analysis of the maturlty of loans is glven below.,
31.1.25
31.1.24
Amounts falling due wlthin one year on demand:
Bank overdrafts
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.1.25
Total
funds
31.1.24
Total
funds
Unrestrlcted Restricted
funds
funds
Fixed assets
Current assets
Current liabllities
Accruals and deferred income
553,494
20,627
(2,644)
553,494
20,627
(2,644)
574,398
13,134
(1,982)
571,477
571,477
585,550
Page 14
continued,..

Mone
eena & District Develo
Initiative Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
14. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.1.25
At 1.2.24
Unrestrlcted fund5
General fund
Charitable Activities
Revenue Grant
566,893
6,206
12,450
(16,531)
2,458
552,820
6,206
12,450
585,549
(16,531)
2,458
571,478
Restrlcted funds
Revenue Grant
Capital Grant
4,533
625
(625)
4,533
TOTAL FUNDS
585,550
14 073)
571,477
N8t movement in funds, Included in the above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unr6strlcted funds
General fund
21,955
{38,486) (16,531)
Restricted funds
Revenue Grant
Capital Grant
4,375
1,833
(3,750)
625
1,833
2,458
TOTAL FUNDS
28,163
Page15
continued...

Mone
neena & District Develo
Initialive Ltd
ment
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
14. MOVEMENT IN FUNDS - continued
Comparatives for movement In funds
Net
movement
In funds
Transfers
bemeen
funds
At
31.1.24
At 1,2.23
Unrestrlcted funds
General fund
Charitable Activltles
Revenue Grant
578,075
6,206
12,450
(13,123)
1,942
566,894
6,206
596,731
(13,123)
1,942
585,550
Restrlcted fund5
Revenue Grant
Capital Grant
4,532
1,942
(1,942)
4,532
TOTAL FUNDS
596 731
11.181)
585,550
Comperative net movernent in funds, included in the above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestrlcted funds
General fund
22,854
(35,977) (13,123)
Restrlcted funds
Revenue Grant
8,692
{6,750)
1,942
TOTAL FUNDS
31,546
42,727)
11,181)
Page16
continued...

Mone
neena & District Dévelo
Initiative Ltd
mènt
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2025.
Page 17

Mone
neena & District Develo
Initiative Ltd
ment
Detailed Statement of Financial Activities
for the Year Ended 31 Janua
2025
31.1.25
31.1.24
INCOME AND ENDOWMENTS
Donations and legacies
Donations
6,750
4,000
Charitable actlvltles
Fundralsing events
Other Income
Grants
Hall Hire
Gym Membership
Community Allotments
Management charge (Hudls cafe)
Rent
6,770
1,003
6,208
3,213
7,805
1,122
8.693
4,045
2,283
142
2,271
1,185
17
3,017
21,413
27,546
Total incomlng resources
28,163
31,546
EXPENDITURE
Support cosls
Governance costs
Rates and water
Insurance
Light and heat
Telephone
Accountancy fees
Repairs & Malntenance
Advertlsing
Bank Fees
Charitable donation
Subscriptions & li￿nceS
Fire Safety & Maintenance
Entertalnment Licence
Christmas Event
Vat annual adjustrnent
Events
Women's Training Programme
Freehold property depreciation
Plant and machinery depreciation
1.398
2.689
8.025
835
1,172
300
139
186
1,150
1.340
2,491
8,340
735
1,093
417
80
195
20
S14
589
250
1,632
802
436
23
250
2,391
14,249
10,153
14,132
8,937
42,236
42,727
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 En(Jed 31 Janu8
2025
31.1.25
31.1.24
Total resources expended
Nat expenditure
14,073)
11,181)
This page does not form part of the statutory financi81 statements
Page 19