UNDRUM
DEVELOPMENT ASSOCIATION
Dundrum Development Association Ltd
Annual Report and Unaudited Financial Statements
for the financial year ended 31 March 2025
Company Number: N1033255
Charity Number: 101252

Dundrum Development Association Ltd
CONTENTS
Page
Reference and Administrative Information
Trustees, Annual Report
Statement of Trustees, Responsibilities
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10-13

Dundrum Development Association Ltd
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees
Deborah Boden
Stephen Calvert
Frances Flynn
Dr. Patrick Mccomiskey
Micheal Rodgers
Paul Symington
Charity Number in Northem Ireland
101252
Company Registration Number
N1033255
Registered Office and Principal Address
30 Carrigvale
Dundrum
Down
BT33 OSW
Independent Examiner
Malone Accounting Ltd
12 Causeway Road
NEWCASTLE
Down
BT33 ODL
Principal Bankers
AIB {Nll Ltd
42-44 Hill Street
Newry
County Down
BT34 1AU
Solicito
Michael F Curran
29 Central Promenade
County Down
BT33 OAA

Dundrum Development Association Ltd
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2025
The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the
unaudited financial statements for the financial year ended 31 March 2025.
The financial slatements are prepared in accordance with the Companies Act 2006, FRS 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement ol
Recommended Practice applicable to charities preparing their finanaal statements in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102).
The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the
Slalemenl of Recommended Practice ISORP) guidelines. The trustees of the company are also charity trustees for the
purpose of charity law and under the company's constitution are known as members of the board of trustees.
In this report the trustees of Dundrum Development Association Ltd present a summary of its purpose, govemance.
activities, achievemenls and finan￿S for the financial year 31 March 2025.
The charity is a registered charity and hence the report and results are presented in a form which complies with the
requirements of the Companies Act 2006 and, although not obliged lo comply with the Statement of Recommended
Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented ils recommendations
where relevant in these financial statements.
Principal Activity
is to granl financial aid to support any efforts to enhance the village and the quality of life of ils inhabilanls.
Mission. Objectives and Stratsgy
Mission Statement
The Charity's principal activities continue to be concemed with the following in Dundrum Village..
1. The promotion of Economic Regeneration
2. To address the problem of dereliction in the village
3. To provide financial support lo all of the voluntary and sporting groups in the village.
Structure. Governance and Management
Structure
Dundrum Development Association Ltd acts under the governance of its constitution dated 28 June 2016.
The Charitable Company held 5 board meetings during the year and all 5 trustees were present at each meeting.
Review of Activities, Achievements and Perforniance
The Association continues lo support all voluntary and sporting groups in the village, wilh these provisos..
1. The group musl be properly constituted.
2. The group must have its own Bank Account with at leasl two signatures.
3. Full sight of the group's finances must be provided lo the Associalion.
4. Some contribution towards the funding of any project musl be provided.
In the period the Charity has provided funding towards..
Dundrum Village Association towards the costs ofthe Dundrum Summer Festival.
Society of St Vincent de Paul to assist in allaying poverty in the village through the funding of fo¢)d, energy costs.
clothes and furniture.
Funding of the Dundrum Pensioners Christmas lunch.
The Pantry Foodbank to assist with food par￿lS for families and individuals in the village.
Murlough Athletic Club for their annual GR8 Dundrum Run.
The Charity continues to improve communication links to the village with the ongoing updating of a publicly available
bespoke website which incorporates a funding application fomi lo support grant applications from village organisations.
The end of the reporting period leaves the Association in a strong position to pursue its objectives.

Dundrum Development Association Ltd
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2025
Expenditure
During the year, grants totaling £28.LW were paid out to groups in the village. The directors are pleased with the impact
we have had in the village and look forward to doing more.
Results and Dividends
At the end of the financial year the charity has assets of £2.091,766 (2024 - £2.056,362) and liabilities of £1.453 (2024
- £1,466). The nel assets of the charity have increased by £35,417.
Trustees
The truslees who ser¥Yed throughout the financial year, except as noted, were as follows:
Deborah Boden
Stephen Calvert
Frances Flynn
Dr. Patrick Mccomiskey
Micheal Rodgers
Paul Symington
In accordan￿ with the Constitution. the trustees ￿tire by rotation and. being eligible. offer themselves for re-election.
Compliance with Sector-wide Legislation and Stsndards
The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Dundrum
Development Association Ltd subscribes to and is wmpliant with the following..
The Companies Act 2006
The Charities SORP {FRS 102)
Transactions Involving TNstees
No Trustee received remuneration or any other benefft from the Charity during the year.
Approved by the Board of Trustees on 11 November 2025 and signed on its behalf by:
Stephen Calvert
Trustee
Dr. Patric
Trustee
Mccomiskey

Dundrum Development Association Ltd
STATEMENT OF TRUSTEES, RESPONSIBILITIES
for the financial year ended 31 March 2025
The trustees. who are also directors of Dundrum Development Association Ltd for Ihe purposes of company law, are
responsible for preparing the financial slatemenls in accordance with applicable law and regulalions.
Company law requires Ihe trustees as the directors to prepare financial statements for each financial year. Under that
law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl including FRS102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the trustees must not
approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the
charity and of the net income or expenditure of the charity for that period.
In preparing these financial stalemenls. the trustees are required to..
select suitable accounting policies and apply them consislenlly..
make judgements and estimates that are reasonable and prudent..
slate whether the financial statements have been prepared in accordance with the relevanl financial reporting
framework, identify those standards, and note the effect and the reasons for any material departure from those
standards.. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The Iruslees confirm that they have complied with the above requirements in p￿parIng the financial stalemenls.
The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the
charity's transactions and disd05e with reasonable arLuracy at any lime the financial position of the charity and enable
them lo ensure that the financial statements Gomply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Approved by the Board of Trustees on 11 November 2025 and $Sgned on Its behalf by:
/ a/e/
Stephen Calvert
Trustee
Dr. Patrick Mccomiskey
Trustee

Dundrum Development Association Ltd
INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES
OF DUNDRUM DEVELOPMENT ASSOCIATION LTD
We have examined the financial statements of the charily for the financial year ended 31 March 2025, which comprise
the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the
related notes.
This report is made solely tothe charity's members, as a body, in accordancewith Chapter3 ofPart 16 ofthe Companies
Act 20C6. Our work has been undertaken so that we might compile the financial statements that we have been engaged
to compile, report lo the Board of Trustees that we have done so, and slate those mattefs that we have agreed to state
to them in this report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume
responsibility to anyone other than the Gharity and the charity's members, as a body, for our work, or for this report.
Respective responsibilitles of trustees and examlner
The chanty's trustees (who are also the direclors of the company for the purposes of company law) are responsible for
the preparation of the financial statements in arx0rdan￿ wilh Ihe requirements of the Companies Acl 2006. The
charity's trustees consider that an audit is nol required forthis financial year under Chapter 3 of Part 16 of the Companies
Act 2006 and that an independent examination is required.
11 is our responsibility lo..
examine the financial statements under section 65 of the Charities Act;
follow the procedures laid down by the general Diredions given by the Charity Commission for Northem Ireland
under section 65(9)(b) of the Charities Act- and
state whether particular matters have come to our attention.
Basis of independent examinerfs report
We have examined your charity's financial statements as required under section 65 of the Charities Act and our
examination was carried out in accordance with the general Directions given by the Charity Commission for Northern
Ireland under section 65{9}Ibl of the Charities Act. An examination includes a review of the accounting records kept by
the charity and a comparison of the financial statemenls presented with those records. It also includes consideration of
any unusual items or disclosures in the financial statements and seeking explanalions from the trustees conceming any
such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and
consequently no opinion is given as to whether the accounts presenl a 'true and fairf view and the report is limited to
those matters sel out in the statement below.
In connection wilh our examination, no matter has Come to our attention which gives us cause to believe that in, any
material respect..
accounting records were not kept in accordan￿ with section 386 of the Companies Act 2006
the financial statements do not accord with those accounting records
the financial statements have not been prepared in accordance with the accounting requirements of section 396 of
the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and
Republic of Ireland {FRS102}
there is further infomiation needed for a proper understanding of the accounts to be reached.
Independent examlner's statement
We have no concems and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Aidan Malone
Malone Accounting
12 Causeway Road
NEWCASTLE
Down
BT33 ODL
Northern Ireland
Dats: 11 Novernber 2025

Dundrum Development Association Ltd
STATEMENT OF FINANCIAL ACTIVITIES
Ilncorporating an Income and Expendlture Accountl
for the financial year ended 31 March 2025
Unrestricted
Funds
2025
Total Unrestricted
Funds
Funds
2025
2024
Total
Funds
2024
Notes
Incorning Resources
Investments
70.914
70,914
56,715
56,715
Resource8 Expended
Charitable activities
35.497
35,497
60,316
60,316
Net incorningloutgolng resources before transfers
35,417
35,417
(3.601)
(3,601)
Gross transfers belween funds
Net movemènt in funds for the flnanclal year
35,417
3S,417
13.601 J
13,601 >
Reconciliation of fund8:
Total funds beginning of the year
12 2,054,896 2,054.896 2,058,497 2,058,497
Total funds at the end of tho year
2,090,313 2,090.313 2.054,896 2.054,896
The Statement of Financial Activitles includes all gains and losses ffjcognised in the financial year.
All income and expenditure relate lo continuing activities.
The notes on pages 10 to 13 form part of the finanual statements

Dundrum Development Association Ltd
Company Number: N10332SS
BALANCE SHEET
as al 31 March 2025
2025
2024
Notes
Fixed Assets
Tangible assets
Inveslments
230.900
230.900
230,901
230,901
Current Assets
Debtors
Cash al bank and in hand
168,108
1,692,757
168,108
1,657,353
1.860,865
1,825,461
Creditors: Amounts falllng due wlthln ono year
10
(1,453)
(1,466)
Net Current A88ets
1,859,412
1.823,995
Totsl Assets less Current Llabllltle8
2,090,313
2,054,896
Fund8
General fund (unrestricted)
2,090,313
2,054,896
Total fund8
12
2,090,313
2,054,896
These financial statements have been prepared in accordance with the special provisions relating to small companies
wilhin Part 15 of the Companies Act 2006.
For the financial year ended 31 March 2025 the charity was entitled to exemption from audit under section 477 of th8
Companies Act 2006., and no notice has been deposited under section 476.
The trustees confirm Ihal the members have not required the company to obtain an audit of its fin8ncial statements for
the financial yeaf in question in accordance with section 476 of the Companies Act 2¢)06.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply
with section 386 and for preparing financial slalemenls which give a true and fair view of the state of affairs of the charity
as at the end of the financial year and of ils profil and loss for the financial year in accordance with the requirements of
sections 394 and 395 and which otherwise comply with the requirements ofthe Companies Act 2006 relating to financial
stalemenls, so far as applicable to the charity.
Approved by the Board of Trustees and authort8ed for188ue on 11 November 2025 and Slgned on Its bohalf
by
Stephen Calvert
Trustee
Dr. Patrick Mccomiskey
Trustee
The notes on pages 10 to 13 form part of the financial slalements

Dundrum Development Association Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
GENERAL INFORMATION
Dundrum Development Association Ltd is a company limited by shares incorporated in Northern Ireland. The
registered office oflhe company 1$ 30 Carrigvale, Dundfum, Down, BT33 Oswwhich is also the principal place
of business of the company.The financial statements have been presented in Pound {£) which is also the
functional currency of Ihe company.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounling policies have been applied consistently in dealing with items which are considered
material in relation to the charity's financial statements.
Basis of preparation
The financial slalemenls have been prepared on the going concem basis undef Ihe historical cost convenlion,
modified to include certain items at fair value. The financial statements have been prepared in accordance with
the Stalemenl of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS
102"
As permitted by the Companies Acl 2006, the charity has varied the standard fomials in that act for the
Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are lo comply
wilh the requirements of the Charilies SORP and are in compliance with section 4.7, 10.6 and 15.2 of that
SORP.
statement of compliance
The financial statements of the charity for the financial year ended 31 March 2025 have been prepared on the
going concem basis and in accordance with the Slatement of Recommended Practice ISORP)"Accounting and
Reporting by Chartties preparing their account5 in accordance wilh the Financial Reporting Standard applicable
in the UK and Republic of Ireland FRS 102"
Cash flow statement
The charity has availed of the exemplion in FRS 102 from the requirement to produce a cash flow statement
because it is classified as a small charity.
Incoming Resources
All income is recognised once the charily has entitlement to the income, it is probable that the income will be
received and the amount of income receivable can be measured reliably.
Resources Expended
All resources expended are arxounted for on an accruals basis.
Charitable donations represent grants given to local associations to further the purposes of the charity.
Charitable activities include maintenance and insurance.
Investments
Investments held as fixed assets are stated al cost less provision for any pemanent diminution in value. Income
from other financial fixed asset investments together with any related tax credit is recognised in the profit and
loss account in the year in which it is receivable.
Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at
the amount prepaid net ofany trade discounts due. Incorne re¢o9nised by the charity from government agencies
and other co-funders, but not yet re￿IVed al year end, is included in debtors.
Cash at bank and in hand
Cash at bank and in hand comprises cash on det)osit at banks requiring less than three months nolice of
wilhdrawal.
Taxation
No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable
valued added tax is expensed as incurred.
10

continued
Dundrum Development Association Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the finanaal year ended 31 March 2025
INCOME
INVESTMENTS
Unrestricted Restricted
Funds
Funds
2025
2024
Bank Interest Received
70,914
70,914
56,715
EXPENDITURE
CHARITABLE ACTIVITIES
Direct
Costs
Other
Costs
Support
Costs
2025
2024
Dundrum Village Festival
St Vincent de Paul
The Pantry Food Bank
Village Repairs
Pensioners, Christmas Lunch
Office costs
Murlough Athletic Club
Governance Costs (Note 4.2)
Dundrum GAC
Dundrum Village Assoaation
Dundrum Coastal Rowing Club
12,720
7.000
5.000
4,605
12,720
7,000
5,000
4,605
1.840
1,523
1,500
1,309
7,702
7,000
3,615
1,192
1,523
1.500
1,309
1,563
6,320
2,528
30,000
35.497
35,497
60,316
GOVERNANCE COSTS
Dire¢t
Costs
Other
Costs
Support
Costs
2025
2024
Chantable activities - govemance
costs
1.309
1,309
1,563
NET INCOMING RESOURCES
2025
2024
Net Incoming Resources are stated after ¢h•rgingl(crediting):
Independent Examinels remuneration..
independent examination services
1,309
1,563
INVESTMENT AND OTHER INCOME
2025
2024
Bank interest
70.914
56,715
TANGIBLE FIXED ASSETS
Land
Total
Cost
At 31 Marth 2025
230,9)0
230,900
Net book value
At 31 March 2025
230,900
230,900
At 31 Marth 2024
230.9)0
230,900
11

ontinued
Dundrum Development Association Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the finanaal year ended 31 March 2025
INVESTMENTS
Group and
participating
undertakings
Total
Investments
Cost
At 31 Marth 2025
Net book value
At 31 March 2025
At 31 March 2024
DEBTORS
2025
2024
Amounts owed by group entities
168.108
168,108
10.
CREDITORS
Amounts falling due within one year
2025
2024
VAT
1.453
1,466
11.
RESERVES
2025
2024
At the beginning of the year
Surplusl(Deficit} for the financial year
2.054.896
35,417
2,058,497
(3,601)
At the end of the year
2.090.313
2,054,896
12.
FUNDS
12.1 RECONCILIATION OF MOVEMENT IN FUNDS
Unrestricted
Funds
Total
Funds
At 1 April 2023
Movement during the financial year
2.058,497
{3,601)
2,058,497
13.6011
Al 31 March 2024
Movement during the financial year
2.054,896
35,417
2.054,896
35,417
At 31 Marth 2025
2.090,313
2,090.313
12.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 April
2024
Income Expenditure
Transfe
between
funds
Balance
31 March
2025
Unrestricted funds
General
2,054,896
70,914
35,497
2.090,313
Total funds
2.054.896
70,914
35,497
2,090,313
12

continued
Dundrum Development Association Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
12.3 ANALYSIS OF NET ASSETS BY FUND
Fixed
assets
- charity use
Financial
fixed
assets
Current
assets
Current
liabilities
Totsl
Unreslricled general funds
230,900
1,860,865
11,453)
2,090,313
230,900
1,860,865
11,453)
2,090,313
13.
RELATED PARTY TRANSACTIONS
The charity engaged the services of Dunmore Construction for repair work needed in the village. The director
of Dunmore Construction is a trustee of the charity. Fees to Dunmore Construction were agreed on normal
commercial terms. At 31 March 2025 fees amounting to £1400 had been paid to Dunmore Construction.
None of the trustees received reimbursement of expenses, remuneration or other benefit from their work with
the charity.
14.
POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the finan¢ial year-end.
13