DSG2010 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 COMPANY NUMBER: N1605815 REGISTERED CHARITY NUMBER: NIC101143 Page I
DSG2010 Contents Company Information Directors, Report Reporting Accountants Report Income and Expenditure Account Balance Slieet Notes to the Financial ,Staternents 9_11 DetailL.d Income and Expenditur¢ AcLiJiint Page 2
DSG2010 Com an Information Directors Mrs. A. Adams Mrs. L. Bell Mrs. J. Muryhy Mr. H. Dickson Mrs. M, Donaghy Mrs. M. Mc Cance Mrs. D. Aley Ms. L. Blaney Mr. E. Giboney Mrs. S. Hetherington Mrs. A. Monteith Mr. R. Grimeq Mrs. W. Grimes istered Office 66 Dreenan Road Omagh Co. Tyronc BT79 OSH ortin Accountants A.A. Ballantyne & Co. Chartered Certified Accountants & Registered Auditors 3 Farburn Road Omagh BT79 7UD Bankers Danske Bank Limited 5-7 Market Street Omagh Com an Number N1605815 Chari Number NICIOI143 Page 3
DSG2010 ort of Directors The directors Present their report for the year ended 31 January 2023. Risk Review The management committee has conducted its own review into thc major risks to which the Cliarity is exposed. Significant external risks to funding hav¢ led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal risks are minimised by the iinpleinentation of procedures for authorisation of all transactions and projects and to ensure Consistent quality of delivcry for all operational aspects of the charitable company. Statement of Directors, Res onsibllities .Company law requires tli¢ directors to prcpare fAnancial statements for each financial year which give a true and fair view of the state of the affairs of the company and of the profit or loss of the conipany for that year. In preparing these the directors are required to: sel¢ct suitable accounting policies and apply them consistently. make judgements and estimat¢s that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will coiitinue in business. The directors are responsible for keeping proper accounting records wliich disclose with reasonable acciiracy at any time the fiiiancial position of the company and to enable them to ensure that the financial statements cornply with the, Companies Aci 2006 and F.R.S.S'.F,. They are also i'espLgnsible for safeguarding the assets of the company and Iience for taking reasonable steps for the prevention and detection of fraud and other irregularities. -rhe dii'¢ctor% furtkier state tliat the company is exempt froni audit by virtue of section 257, nanielv that members holding l 00/0 or more of the voting rights hav¢ not issued a noti¢¢ r¢quiring an audit. The Directors Report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006. Princi al Activi and Review of the Busines5 The principal activity of the company during the year under review was to "relieve poverty, advance education and for the protection of health among people of Drumnakilly Results The results for the year are shown in pages 7 to I l. Directors and theii. Interests The directors wbo served during the year are noted on page 3. As the company is limited by guarantee non¢ of the directors have a shareholding in the company. Page 4
DSG2010 Small Com an Rules These accounts have been prepared in accordance with the special provisions of the companies IN.I.) Order 1986 IElating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities This report was approved by the Board on Jcthe aJ23 and sign¢d orr its behalf by:" (Director) Page 5
DSG2010 ACCOUNTANTS REPORT TO THE DIRECTORS OF DSG2010 In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared the flnancial statements of the company For the year ended 31 January 2023 from the accounting records and inforniation and. ¢xplanations supplied to us. Tliis report is made to the eompany's Board of Directors, as a body, in accordance with-die tenns of our engagement. Our work has been undertaken to enable us to prepare the financial statements on behalf of the company's Board of Directors and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for thts report. You have acknowledged on the Balance Sheet as at your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a truc and fair view under the Companies Act 2006. You consider that the company is exeinpt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statement¢ For this reason, w¢ hav¢ not verified tlie. accuracy or completeness of the accountinry iEcords Oi iiiformation and explanatiorls oU liave given to us and we do iioL therefore, express any opinion on th¢ fjnancial stateinents. A.A. Ballantyne & Co. Chartered Certified Accountants 3 Farburn Road Omagh B-r79 7UD l)atc'.- Page 6
DSG2010 Income and Ex enditure Account for the ear ended 31 Janua 2023 2023 2022 Note Income 4.855 3,749 Administrative Expenses 7,765 5.736 Operating Surplus/(Deficit) (2,910) (1,987) Interest Receivable and Similiar Income (2,910) (1,980) Interest Payable and Similiar Charges 30 22 SUlusI(Def1cIt) on Oidinary Activites (2,940) (2,002) Retained Surpliis C,aled ForwardlFrom lJnincorporated Body 60,830 Retained Surplu4 Carried Forward 57,890 60,830 The company has no recognised gains and losses other than those included above and ther¢fore no seperate statement of total recognised gains and losses has been presented. There is no difference belween the profit on ordinary activities before taxation and the retained profIt for the year stated above and th¢ir historic Cost cquivalents. The notes on pages 8 to I I fom) part of these fmancial statements Page 7
Balance Sheet as at 31 Janua 2023 2023 2022 Fixed Assets 48,445 50,467 Current Assets Cash at Bank and in Hand 10.219 11,353 10,219 11,353 Creditors.. Amounts fallin due within one ear: Creditors and Accruals 774 990 NEI, CURRENT ASSETS 9,445 10,363 NET ASSETS 57,890 60,830 ital and Reserves Funds 57,890 60,830 57,890 60,830 For the year eliding 31 January 2023 the comt)any was entitled to exemption from audit under seution 476 Ot. the Coinpanies Act 2006 relating to small compallics. Directors respoDsibiliti¢s' (l )Th¢ members have not required the company to obtain an audit of its accounts for the year in question in acordan¢¢ with section 476, (2)The directors acknowledge their responsibilities for complying with the requirements of the Act witb respect to accounting records and the preparation of accounts. These accounts hav¢ been prepared in accordance with the provisions applicable to companies subject to the small companies regAme. The Financial Stat¢m¢nts were approved by the Board on and signed on its beliaEf by Director: Page 8
DSG2010 Aecountin Policies Accountin Convention The financial statements have been prepared undcr the historic cost convention and in accordance with thc Financial Reporting Standard for Smaller Entities (effective April 2008). Financial Re ortin Standard Number I Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company. -. Share Ca ital The company is limited by quarantee and does not have a share capital. Tan ible Fixed Assets and De reciation. Tangible fixed assets are stated at their original cost less accumulated depreciation. Depreciation is provlded at the following annual rates in order to write off each asset over its estimated useful life. Fixtures & Fittings Property 20 % Reducing Balance 20/0 Reducing Balance Restricted and Unrestricted Funds Re.slri¢led funds are to be used for specifIc purposes as laid down by the donor. Unrestricted funds are donations and other income of tlie charity Without further specified purpose and are availible as . genei.al funds. eratin Sur lus The Opeiating surplus is stated after charging:_ 2023 2022 Reporting Accountanvs Emoluments 612 980 ital Commitments No Capital commitments have been contracted for at the balance sheet date. Page 9
DSG2010 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 Fixtures & Fittin er TOTAL FIXED ASSETS COST l February 2022 Additions Revalucltions Disposals 13,913 57.869 71,782 COST 31 January 2023 13.913 57,869 71,782 D'PN. l February 2022 Charge for the Period Revaluations Disposals 12,443 795 8,872 1,227 21,315 2,022 D'PN. 31 January 2023 13.238 10,099 23,337 N.B.V. 31 Janua 2023 675 47,770 48,445 N.B.V. 31 Janua 2022 1.470 48.997 50,467 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Accruals 774 990 774 990 Page 10
DSG2010 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 Unrestricted Restricted 2023 2022 INCOME Fernianagh and Omagh District Council Omagh Forum Co-operation Ireland Dalradian Gold Beth Johnston Foundation Interest Received Other 1,824 1,100 1,824 I,Ioo 1,250 1,499 500 100 150 100 150 1,681 1,681 TOTAL INCOME 1,681 3,174 4,855 3,256 TAXATION The charitable company is exempt from corporation tax on its charitable activities. 10. RESERVES 2023 2022 Profit aiid Loss Account As at 1st liebruary Credited/(Debited) For the Period 60,830 (2,940) 62,831 (2,OOI) As at 31st January 57,890 60,830 11. RECONCILIATION OF MOVEMENTS IN MEMBERS FUNDS 2023 2022 Share Capital Total recognised gains and losses for the year (2,940) (2,001) Total movements during the year Shareholder's funds at 1st February (2,940) 60,830 (2,001) 62,831 Stskeholder's funds at 3 1st January 57,890 60,830 Page 11
DSG2010 Detailed Income and Ex enditure Account for the ear ended 31 Janua 2023 2023 2022 INCOME Fern]anagh & Omagh District Council Omagh Forum Co-operation Ircland Dalradian Gold Beth Johnston Foundation Bank Interest Other 1,824 1,100 1,250 1,499 500 100 150 1,681 4,855 3,256 Revenue Pa ments Heat, Light and Power Stationary, Advertising and Website Cateringfrravel and Subsistence Repairs and Maintenance Training and Courses Insurances Accountanc3' Bank Interest and ChgeS MiscellaneoLIS 1,399 313 231 703 124 200 628 1,354 173 250 682 612 30 1,273 22 535 Total Revenue Ex enditure 5,773 3,'736 918 480 Depreciation 2,022 2,022 2,022 2,022 Sur lusl Deficit of Income over Ex enditure (2,940) (2,502) Page 12