'ivemiletown Community Development Association
Statement of Financial Activities
For the year ended 31 March 2025
Unreslrieted
Restricted
2025
2024
fund5
funds
Tot81
Tolal
Notes
Incoming resources
Donations
222(M)
22.200
6.000
Investment income
87
87
76
Total incoming resources
87
22,200
22.287
6,076
Charitable expenditure
Support costs
Management and administrdtion
(756)
(20,950) (21,706)
(8,158)
Total eharitable expeDditure
(756)
(20,950) (21.706)
(8.158)
Net movement in funds
(669)
1250
581
(2.118)
Total funds brought fonvard
7,142
8,986
11,104
Total funds carried forward
l.l75
8.392
9.567
8,986
The noles on pages 6 to i i form an integral part of these financial stattments.
Page 8

Fivemiletown Community Development Association
Balanee Sheet
as at 31 March 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investments
Debiors
1,969
2,660
Cash at bank and in hand
7,846
6.576
Creditors: amounts falling
due within one year
(250)
(250)
Net eurreDt assels
9,566
8,985
Net assets
9,566
8,986
Funds
Unrestricted funds
,175
1,844
Restricted funds
8,392
7.142
9,567
8.986
The financial statements were approved by the Trustees on
and signed on its behalf by:
N Anderson
IS Farrell
Trustee
Trnstee
The noles on p2ge5 6 to 10 form an integral part of these financial statement
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Fivemiletown Community Development Association
1¥4otes to the financial statements
for the year ended 31 March 2025
Accounting policies
Aecounting convention
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (effective l January 2021)
- (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102). These are the association's first set of financial statements prepared in accordance with FRS 102.
There have been no transitional adjustments made. Fivemiletown Development Association meets the definition
of a public benefit entity under FRS 102.
The financial statements have been prepared under the historical cost convention except for certain properties and
financial instruments that are measured at revalued amounts or fair values. as explained in the accounting policies
below. Historical cost is generally based on the fair value of the considerdiion given in exchange for asseis.
The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash
Flows because it is classified as a small chariry.
1.2. Incoming resources
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial
Activities when receivable. Gifts donated for resal¢ are included as income when they are sold. Donated assets
are included at the value to the charity where this can be quantified and a third party is bearing the cost. The
value of services provided by volunteers has not been included.
Income from investments is included in the year in which it is receivable.
1.3. Resources expended
Resourc¢s expended are recognised in the year in which they are incurred.
Support costs are those costs inCU￿d directly in support of expenditure on the objects of the Charity and include
project management.
Management and administration costs are those incurred in connection with administration of the charity and
compliance with constitutional and statutory requirements.
Office equipment
200/0 straight line
Computer suite
The carrying value of tangible fixed assets are reviewed annually for impairn)ent in periods if events or changes
in circutnsts￿ccs indicate the Canying valu¢ may not be recoverable.
250/0 strdight line
Page 10

FivemiletOWD Community Development Association
Notes to the financial statements
for the year ended 31 March 2025
2. Investment income
2025
2024
Deposit interest
87
76
87
76
Costs of activities in furtherance of the objects of the charity
2025
2024
Advertlsing
4. Support costs
2025
2024
Depreciation and amortisation
5. Management and administration
2025
2024
Travelling
Accountancy fee5
690
594
Audit fees
Donations paid
20.950
7,535
General expense5
20
20
Interest and charges
46
45
21,706
8,197
Pagell

Fivemiletown Community Development AssociAtion
Notes to the financial statements
for the year ended 31 March 2025
Computer
Tangible fixed assets
Office
Suite
Equipment
Total
Cost
At l April 2024
4,975
4,321
9,296
Addition5
Disposals
At 31 March 2025
4,975
4,321
9,296
Depreciation
At l April 2024
4.975
4.321
9.296
On disposals
Charge for the year
At 31 March 2025
4.975
4.321
9.296
Net book values
At 31 March 2025
At 31 March 2024
Debtors
2025
2024
Amount owed by connected parties
1,969
2,659
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost usin8 the
effective interest method less impairnient losses for bad and doubrful debts except where the effect of
discounting would be immaterial. In such ¢&ses the receivables are stated at cost less impairnient losses for bad
and doubtful debts.
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Fivemiletown Community Development AssociatlOD
Notes to the financial statements
for the year ended 31 March 2025
Creditors: amounts fallAng due
within one year
2025
2024
Accruals and deferred income
250
250
Trade and other creditors initially recognised at fair value and thereafter stated at amortised cost using the
effective interest rdte method, unless the effect of discounting would be immaterial, in which case they are stated
at cost.
Other notes
Taxation
Fivemiletown Community Development Association is exempt from corporation tax as it is a registered charity.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are trdnslated at the rates of exchange ruling at
the Statement of Financial Position date. Non-monetarv items thal are measured in terms of historical cost in a
foreign currency are translated at the rdtes of exchange ruling at the date of the transaction. Non-monetary items
that are measured at fair value in a foreign currenc& are trdnslated using the exchange rates at the date when the
fair value was detennined. The resulting exchange differences are dealt with in the Income Statement.
Provisions available for small entities
In common with many other businesses of our size and natUTe, we use our accouT]tants to assist with the
preparation of the financial statements.
Capital commitments
The association had no material capitsl cornmitments at the year end 31 March 2025
Events after the reporting period
There have been no Significant events affecling the wociation since the year end.
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