Company Reglstratlon No. N1047312 (Northern Ireland)
Charity Commission No: NIC 101270
DROMBOUGHIL COMMUNITY ASSOCIATION
(A company limited by guarantee and not having a share capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

DROMBOUGHIL COMMUNITY ASSOCIATION
CONTENTS
Page
Report of the Board of Trustees
Independent Examiners. ReFort
Statement of Financial Activities
Balance sheet
Notes to the financial statements
10-16

DROMBOUGHIL COMMUNITY ASSOCIATION
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The directors, who are trustees under charity law. are pleased to present their annual directors, report
together with the financial statements of the charity for the year ended 31 December 2023 which are also
prepared to meet the requirements for a directors. report and awounts for Companies Act purposes.
The financial statements comply with the Charities Act (Nothem Ireland) 2008. the Companies Act 2006,
the Memorandum and Articles of Association. and "Accx)unting and Reporting by Charities: Statement of
Recommended Accounting Practice applicable to tharities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102>'{as amended for
accounting periods commencing 1 January 2016).
Referonco and Admlnlstratlon Infomiatlon
Charlty Name:
Incorporated:
Dromboughil Community Associats"on
24th July 2003
Charfty Commlsslon No:
NIC 101270
HM Revenue & Customs Charlty No:
XR80127
Company Number:
N1047312
Reglsterod office:
36 Magheramore Road
Dungiven
Co Londonde
8T47 4SW
Truste08:
Mr John James O'Kan8
Mr Liam Campbell
Mr Alfred David Canning
Mrs Kathleen Canning
Mr Alan Miller
Mr Robert Buchanan
Mrs Ruth Canning
Mrs Anne McLaughlin
Secretary:
Mr Alfred Canning
Management
Commlttee:
Mr John James O'Kane
Mr Liam Campbell
Mr Alan Miller
Mr Alfred Canning
Mrs Kathleen Cannlng
Mrs Ruth Canning
Mrs Anne McLaughlln
Mrs Donna Buchanan
Chair
Vice Chair
Secretary
Treasurer

DROM8OUGHIL COMMUNITY ASSOCIATION
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent Examiners
Moore (N.I.) LLP
32 Lodge Road
Coleraine
Co. Londondeny
BT52 1NB
Bankers
Ulster Bank
83 Main Street
Dungiven
Co. Londonderry
BT47 4LE
Sollcltor8
WB Thompson & Co
36 Catherine Street
Limavady
Co. Londondery
BT49 gDB

DROMBOUGHIL COMMUNITY ASSOCIATION
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Our aims and objectives
oses an
tms
Our charity's purFxises are as set OLrt in the objects clause contained in the company's Memordndum of Association..
to benefit the public through Ihe promotion of the relÉef of poverty, sickness and the problems associated with
ag8ing. principally in the ar8as of benefft in the environs of Dromboughil. and
to maintain and manage. in CO￿peratiOn with local govemment. a community resource centre.
Ensurin
our work delivers our aims
Our aims, objedives and activities are reviewed. monitored and assessed through our ongoing programme of regular
committee meetings. The committee ensures adherence to the Charitys Commission's general guidance on public
benefrt in assessing compliance with stated aims and objectives and in programming future activilies.
The focus of o r
Our main objectives are
- the promotion of peace and reconciliation betsveen the communities represented in the area and
- rural regeneration through self-help and self-building programmes.
How our charlty activities deliver public benefit
Who use and benefit from our services?
Older
eo
Older people benefit from attendance at courses and meetings at the community resource centre. Weekty craft courses
are well attended by senior citizens. The physical or mental limttations that often accompany ageing make it difficult
for some seniors to enjoy certain crafts. The variety of crafts offered at the centre. crocheting, quilting, patch working,
embroidery and sundry needlework, ensures there is somelhing which suits everyone. We believe that crathng helps
to keep the mind sharp and stimulated and that working wtih crafts bring5 people together thereby helping to give the
elderly a sense of belonging and enable them to develop fn'endships.
Other weekly classes include art which we feel can be a therapeutic ￿CreatIOn for the elderty. The creativity classes
help the elderly to reduce stress. anxiety and boredom and give them a sense of control assisting to improve self-
esteem and confidence. We believe that this all contributes to improving emotional and physical health.
A senior atizen group meets every week. and members are provided with refreshments and lunch. They also enjoy
outings, age-related talks and participate in physical activty. These regular meetings encourage socialisation and give
new opportunities for connecting wtth others and are, therefore. effective in allewating loneliness and reducing the risk
of social isolation
The
eneral ublic
The general public benefit from attendance at courses, functions and gatherings at the community resource centre
which promotes community integratton. Wariety Crafts- an enterprise which provides an oudet for craft materials and
workshops for individuals and groups fills the gap that existed in the local area for those inlerested in crafts. The art
and craft classes provide a means for people to share their culture with others, thereby promoting hamiony,
understanding, tolerance and Coaoperation betseen the different communities. The arts and crafts groups enable
people to become involved in community activities that are affordable, close to home, in a neutral environment and
appropriate to the backgrounds and aspirabons of the pa￿CIpants. We believe that engagement by the public in these
groups plays an important role in celebrating and preserving loGal ￿ltUreS. tradrtions and heritsge which helps
strengthen local identity.

DROMBOUGHIL COMMUNrrY ASSOCIATION
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Volunteers
The Charily is very reliant on voluntary help. Volunteers are given the opportunity to pass on their skills. A number of our
volunteers are unemployed and benefit on a personal level from gaining new skills such as teamwork, negotiation,
communication and adminislralion
all improving their self•teem and confidence and better equipping them for
employment. We wish to thank ourfn'ends for their loyal support and servi￿.
Youth
The local youth benefits from a centre that provides a wann and frierKlly social meeting place. We find that young people
who attend the centre to use the Gomputer facilities tend to get involved in other community activities and voluntary work.
for examp18, helping at social functions. We believe that young people's involvement in voluntary work at the centre helps
to relieve boredom. develop new skills, ty out new things and have fun. They benefit from the knowledge and skills
passed on from senior members and feel that their own talents are appreciated and that they are accepted in the
community.
Financial revlew
There has been an In¢￿ase in our overall income to £71,162 {2022'. £39.039). Total expenditure has increased by £14.641
resulting in a surplus for the year of £21.104 wmpared to a surplus of £3,622 in the previous year.
Princi
al Fundin
Sources
The Association continues to rely principally upon grant funding and donations. Included in the accounts is the sum of
£53,626 from grants. an increase of £27.126 from the previous year.
The association also generates contributions for Se￿ices. such as courses. room hire and catering. provided to the local
community. This totslled £11,580 in th8 year (2022 - £7,939). Wariety Crafts" provides a source of income from the sale
of crafts and textiles and from running classes and Workshops and this amounted to £3.649 (2022 - £3,292).
Investment Poli
The charity continu8S Wlth its policy to endeavour to build the ￿serveS of the Association to facilitate the medium-lerm
objective of developing and improving the Association's community resource centre. To further this end, cash funds are
held in short-term bank deposits and showed an increase of £9,724 over the year. An amount of £5,119 is held in a
building fund account at year end. This will be used to cover general upkeep of the premises.
Reserves
olic
and
oin
concem
Reserves are needed to bridge the gap between the spending and ￿Ceiving of income and to cover unplanned emergency
repairs and other expenditure. The trustees consider Ihat the balance of unrestricted general fijnds of £23,297 at 31 st
December 2023 is necessary to allow for fluctuations in levels of income end expenditure, planned commitments which
cannot be met by future income alone, the need to spend money in advance of receiving grants and any unforeseen
emergencies
Year end ￿ndS indude a designated fund reflecting the book value of the building on which grants have been received.
The relevanl fund is being ￿duced in line with the building's depreciation and amounted to £231,566 on 31° December
2023.
The trustees consider the rese￿eS retained by the Assocaation as sufficient for the ongoing needs of the company given
Ihe current and prospective funding sources and are confident that at this level of reserves, they would be able lo continue
the current activities of the charity in the event of a significant drop in fvnding.

DROMBOUGHIL COMMUNrrY ASSOCIATION
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Rlsk assessment
The Trustees are aware of the major risks lo which the charity is exposed. Where appropriate, systems or procedures
have been established to mitigate the risks which the charity faces. Intemal ￿ntrol risks are minimised through the
procedures for authorisation of all transactions and projects. PrO￿dureS are periodically reviewed lo ensure that they
continue to meet the needs of the Association. Procedures are in place to ensure compliance with applicaNe laws and
regulations. These procedures are reviewed periodically to ensure that they continue to meet the needs of the charity.
Achievements in 2023
In March 2023 we welcomed our new staff member (Project and Funding Coordinator Aideen O'Neill). The association
tasked Aideen with Increasing funding sources in the hope of increasing footfall to the centre via our classes and
programmes. This has been very successful. and we have managed to secure multiple funding streams from Halifax.
The ARN Foundation, Garfield Weston. COAST. Bogside & Brandywell Heath Forum and Children In Need. The
procurement of this funding has allowed the conkn'nuakn'on and 9rovrth of our ctass programme with a number of new
classes. We have also been able to establish a new youth dub, an ongoing earty years project and a community fridge.
This has widely increased the range of users to our centre, encouraging families vnth young children to make use of the
facilities here and increasing our public profile in the surrounding communities. We are very pleased with these
advancements and the resulting growth ￿thIch will have a positive long-temi effect on the financial viability of The
Association.
Plans for the future
The trustees plan to build on the growlh achieved in 2023 and continue to steadily increase the profile of the centre. We
will do this by establishing the ongoing needs of the local Community and developing new classes and programmes to
meet the ev8r èvolving social and economic requirements of our ￿ntre users.
Structure governanc• and management
The organisation is a charitable company limited by guarantee incorporated on 24 July 2003 and registered as a charity
with HM Revenue & Customs and with Charity Commission for Nl. The company was established under a Memorandum
of Association and is govemed by its Artides of Association. Memberfs liability in the event of the company being wound
up is limited to £1.
Recruitment and a
ntment of tNstees
The directors of the company are also charity trustees for the purposes of Charity Law. Under the ￿qUirements of the
Memorandum and Arlicles of Association direclors are elected at an Annual General Meeting from amongst those
persons nominated by the Ordinary Members. The directors have the FM)wer at any time to appoint any person to be a
director, either to fill a casual vacancy or as an addition to the existing director5. Any director so appointed serves only
until the next Annual General Meeting at which directors are to be elected and are then eligible for r8-elects'on. A retiring
director is eligible for re*le¢tion.
Following appointmenl. new trustees a￿ briefed on their legal obligab'ons underthe charity and company law. the Charity
Commission guidance on public benefft. the content of the Memorandum and Articles ofAssociation. the commitlee and
decision-making processes, the business plan and re￿nI financia] performance of the charity.
anisation
The board of trustees administers the charity. The board nomially meets once per month for ten months of the year.

DROMBOUGHIL COMMUNrrY ASSOCIATION
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Related parties
None of the trustees receive remuneration or other benefit from their work with the charity. Any transaclion between a
trustee and th& charity must be disclosed to the full board of trustees in the same way as any contractual relationship wilh
a related party.
Trustees. responsibilities in relation to the financial statements
The charity trustees (vtho are also the directors of Dromboughil Community Association for the purposes of company law)
are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounb'ng Practice).
Company law requires the charity truslees 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 practi￿ (United Kingdom Accounting Stsndards and applicable law) and 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 the UK and Republic of Ireland {FRS 102}. Under company law Ihe trustees
must not approve the financial statements unless they are satisfied thal they give a true and fair view of the slate of affairs
of the charitsble company and of Fts net movement in funds for that period. In preparing those financial statements, the
tNstees are required to..
select suitable accounting policies and then appty them consistenlly.
observe the methods and principles in Ihe Charibes SORP.
mak8 judgements and accounting estimates that are reasonable and prudent.
stste whether applicable UK accounting stsndards have been followed, subject to any material departures
disclosed and explained in the financial ststements.
prepare the financial statements on the going concem basis unless it is inappropriate to assume that the charity
will continue in business.
The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitable
company's transactions and disdose with reasonable accuracy at any time the financial position ofthe charitable company
and enable them to ensure that the financial statements comply Mrith the Companies Act 2006 and the relevant charity
legislation. They are also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other t￿egular1ties.
Small companies, exemption
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the
Companies Act 2006.
Approved by the board of trustees on 6th November 2024 and si
ne
on its behalf by:
Mr John James O'Kane
Chair
Mr Alfved David Canning
Secretary

DROMBOUGHIL COMMUNITY ASSOCIATION
INDEPENDENT EXAMINERS, REPORT
TO THE MEMBERS OF DROMBOUGHIL COMMUNITY ASSOCIATION
We report on the accounts of Dromboughil Community Association for the year ended 31•t December 2023 whlch are
set out on pages 8 to 16.
Respectlve responsibilitles of charity trustees and examlner
The charity's trustees (who are also the directors of the company for Ihe purposes of company law) are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Acl 2006.
Having satisfied ourselves that the charitable company is not subject to audit under company law, and Is eligible for
independent examination, it is our responsibility to:
lo examine the accounts under section 65 of the Charities Act
to follow the procedures laid down in the general Directions given by the Charity Commission for
Northem Ireland under section 65(9)(b) of the Charities Act
state whether partlcular matters have come to our attents'on...
Basls of Independent 8xamlners' report
We have examined your charlty accounts as required under section 65 of the Charities Act and our examination was
carried out in accordancewith Ihe general Directions given by the Charity Commission for Northern Ireland under section
6519}Ib) of the Charities Act. The examination included a review of the accounting records kept by the charily and a
comparison of the accounts presented with those records. It also included consideratlon of any unusual items or
disclosures In Ihe accounts and seeking explanations from you as charity trustees conceming any such matters.
Our role is to state whether any material matters have come to our attention giving us cause to believe..
that accounting records were not kept as required by section 386 of the Companles Act 2006
that the accounls do not accord with those accounting records
that the accounts do not comply with the accounting requirements of section 396 of the Cornpanies Act 2006
and wlth the methi)ds and principles of the Charities Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the financial Reporting Standard applicab18 in the UK and
Republic of Ireland.
that there is further information needed for a proper understanding of the accounts to be reached.
Independent examlners, statement
We confirm that we are qualified to undertake the examination because we are registered members of Chartered
Accountants Ireland which is one of the listed bodies.
We have completed our examination and have no concerns in respect of (1) to (4) listed above and, in connection with
following the Directions of the Charity Commission for Northem Ireland. we have found no matters that require drawing
to your attention.
Dr R. I Peters Gallagher OBE FCA
Moore IN.I.I LLP
Chartered Accountants
32 Lodge Road
Coleralne
Co Londonderry
BT52 1NB
Dated.. 61h November 2024

DROMBOUGHIL COMMUNrrY ASSOCIATION
STATEMENT OF FINANCIAL ACTNMES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unreslricted
Funds
2023
Designated
Funds
2023
Restricted
Funds
2023
Total
Funds
2023
Total
Funds
2022
Notes
Incomè and Endowments from
Donations and legacies
Income from Gharitsble activities
Other trading activities
501
53,626
54.127
11,967
5,068
26,636
7,954
4,449
11.967
5,068
Total Income
17.536
53,626
71,162
39.039
Expenditur8 on charitable
activities
16,141
5,886
28,031
50,058
35,417
Net incomel(expenditure)
1.395
(5.886)
25,595
21,104
3.622
Transfers between funds
Net movement in funds for year
1.395
{5.886)
25,595
21,104
3,622
Reconciliation of funds:
Totsl funds brought fonyard
21.902
237.452
15,575
274,929
271,307
Total fund cafrled forward
23.297
231.566
41.170
296,033
274,929
Under charity accounting all transactions are reflected wtEhin the Statement of Financi81 Activities and, as such, no separate
ststement of total recognised gains and l¢)sses would be required.
All the activities of the charity are dassified as ongoing.
The notes on pages 10-16 form part of these financial statements and should be read in conjur￿lOn therewith.

DROMBOUGHIL COMMUNITY ASSOCIATION
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Notes
Flxed assets
Tangible assets
231,740
237,729
Current assets
Stocks
10
11
4,560
21,168
39.553
7,269
1,065
29,829
Debtors & prepayments
Cash at bank and in hand
65.281
38,163
Creditors: amounts falling due within
one year
12
963
Net current assets
64.290
37,200
Total assets108s current Ilabllltles
13
.033
274,929
Funds of the charlty
Unrestricted designated fijnds
Unrestricted income fijnds
14
231.566
23.297
237,452
21,902
259.354
15.575
Totsl unrestricted funds
Restrfcted funds
254,863
41,170
296.033
274,929
The company is entitled to the exemption from the audit requirernent contained in section 477 of Companles Act 2006, for
the year ended 31 December 2023. No member of the company has deposited a notice. pursuant to section 476 of the
Companies Act 2006, requiring an audÉt of these acoJunts.
The trustees ackn¢)wledge their responsib￿ltieS for ensuring that the charity keeps accounb'ng records which comply with
section 386 of the Act and for preparing finan¢ial statements which give a true and fair view of the stale of affairs of the
company as at the end of the financial year and of its incoming resoufces and application of resources, including ils income
and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which olherwi5e
comply with the requirements of the Companies Aci 2006 relating to ffinanual statements. so far as applicable to the
company.
These financial statements have been prepared in accordance with the provisÉons applicable to companies subject to the
srnall companies. regime.
The notes on pages 10-16 fomi part of these financial statements and should be read in conjunction therewith.
The accounts were a
proved by the Board of Trustees on 6th November 2024 and signed on behalf of the Tnjstees by..
John James O'Kano (Chalr)
g (Secretary)
Charity Commisslon No. NIC101270
Company Registration No. N1047312

DROMBOUGHIL COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policlès
Charity inforniatlon
Drombou9hil Community Association is a private company limited by guarantee incorporated in Northem Ireland. The
registered address is 36 M8gheramore Road. Dungiven. Co Londondeny BT47 4SW.
Accountlng convention
The financial stat6m8nts have been prepared in acCOr(lan￿ with Ihe chariws goveming document, the Companies Act
2006 and "Accounting and Reporting by Charities.. Slatement of Recommended Practice applicable to charities
preparing their accounls in accordance with the Financial Rew)rting Standard applicable in the UK and Republic of
Ir8land {FRS 102). las amend8d for accounting p8ri0ds commenctng from 1 January 2016>. Th8 charity is a Public
Benefit Entity as defined by FRS 102.
The chartty has taken advantage of the provisions In the SORP for charittes applylng FRS 102 Update Bulletin 1 not to
prepare a Statement of Cash Flows.
The financi81 statements are prepared in sterfing. which is the functional currency of th8 charity. Monetary amounts in
these financial statements are rounded to the nearest £.
The Ilnanclal stat8ments have been prepared under Ihe hlstorical cost conventlon. Th8 prlnclpal accoundng polScles
adopted are set out b810w.
Golng coneérn
The trustees have prepar8d Ih8se financial statements on the going concem basis. AS wtth all charitable organlsatlons,
the Impact of Covid-19 has bean signtficant, and has resulied in reduc8d revenues.
Th8 Irust88s are satisfied that the charity has the necessary resourcès in t8rms of incomings to meet plans and
operational expenditure until at least 31 December 2024. The Iruste8s will continue to submit applic8tions to its funders
for financial assistance beyond 31 December 2024 arKI hope that this assistance will be forthcoming together with a
tum to historical op8rating levels in regard to th8 provision of dasses, prcMJrammes and calering.
Th8 trust8e8, however, are not In a pOS￿10n to assess the avallable flnancial rèsourc8s ne¢ossary for the operatlon of
the charity beyond th8 end of Its financial year to 31 D8C8mber 2024.
Fund o¢¢ountlng
Unrestricted funds are general funds which are available for use at the discretion of the Iruslees in further8n¢e of the
general objectives of the charity.
D851gnaled funds are unreslmcted funds of Ihe ¢t￿rtty whlcn Ihe T￿￿tee$ have declded at th81r dlscretlon to sel aslde
for use for a specific purpose.
Restricted funds are subjected to restrictions on their expenditu￿ wnposed by the donor. The purposes and uses of the
restricted funds are set oul in the notes to the financial ststements.
Incomlng resources
Income is recognlsed In th8 Statement of flnanclal athitles wh8n the charlty has entitlement to the fvnds, any
performance conditions attached to the item(s) of Income have been met, it is probable that the income will be r8celved.
and the amount can be quantlfi8d wlth reasonable a￿r￿. The followlng sp8clflc polldes are applied to particular
categorles of income.
-voluntary income is received by way of grants and donations and is included in full in the Statement of Financial
Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific perfonnance by the
charity. are recognised when the charity becomes unconditionally entitled to the grant.
-Incomlng resources from grants. where related to perf0m￿nCe and specific deliverables, are accounted for as Ihe
charity eams Ihe right to consideration by its perfonnance.
io

DROMBOUGHIL COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
-Donated se￿I￿S arNJ facilities are recognis8d as income when the tharity has control over the item, any conditions
associated with the donated itsm hav8 been met, the receipt of econornic benefft from the use by the chaTity of thg Item
is probable and that economic benefrt can be measured reliably. The value of seN1￿$ provided by volunteers has not
b88n induded in these financi81 statements, bui their COntri￿tIon has been referred to in the trustees, annual r8POrt.
1.5 Resources expended
Expenditure is re￿gnIsed ¢Jnce there is a legal or constructive obligation to make a paym8ntto a third party. it is probable
that settlement will be required, and the amount of the obligation can be measured feli8bly.
Capital grnnts
Capital grants are includ8d as incoming r8sourc8s bthen receivable and categorised within designate(I funds.
Depreciation is subsequ8ntly charged against the fund each year equivalent to the rates on the relevant asset.
1.7 Stock
stock is Induded al the lower of cost or net reallsable valu8. Donat8d tt8ms are recognlsed at falr value whlch is the
amount the charlty would have been wllling to pay for the items on th8 Open market.
Deblors
Trade 8nd other debtors are re¢ognised at the settlement aff￿unt due after any discount offered.
1.9 Cash and ￿5h equlvalents
Cash and cash equivalents include cash and short tsmi hlghty Ilquld Investments with a short maturlty of thr88 months
or less from th8 dat8 of acqulsitlon or openlng of the deposit or similar account.
1.10 Credltors and provlslons
Creditors and provisions are ￿cOgnised where the charity has 8 present obligation resulting from a past event that will
prob8bly result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions a￿ nomalty recognised al their settlement amount after allowing any trade
discounts due.
1.11 Flnanclal Instruments
Th8 charlty has no flnanclal Instwments other than Ihe baslc financlal Instruments.
1.12 Tanglblo fixed assets and depreclatlon
Tangible fixed assets other than freehold land are ststed at ￿$t less depreciation. Freehold land is ststed 81 cost.
Depreciation is provided at rates calculated to write off the cost less estimated residual value of e8ch asset over ils
&stimated useful Ilfe, as follows=
Buildlngs
Equipment and fumlture
1.13 Impalrniont of flxod assets
At each reporting date, the Irustees review the carying amounts of its tsngible assets to datemine whether the￿ is any
indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of
the asset is estimated in order to determine Ihe extent of the impainn8nt loss. If any.
1.14 Crltlcal accountlng estlmates and Judgements
In the applicalion of the charity's accounting policies, the trustees are required to make judgements, estimates and
assumptions about Ihe carying amounts of assets and liabilities that are nol readily apparent from other sources. Thè
estimales and associaled assumptions are based on historical exp8rience and other factors that are considered lo be
relevant. Actual results may differ from these estimates.
2% straight Ilna
20% slraight line
The esllmates and undertw'ng assumptions are reviewed on an ongoing basls. Revislons to accounllng esbmates are
recognised in the period in which the esbmate is rewsed where ihe revision affects only that period, or in Ihe period of
the revision and future periods Whe￿ the revision affects both cUr￿nt and future periods.
1.15 Taxallon
The company is a charity and is recognised as such by HM Revenue and Customs under the charity tax reference
XR80127. As a resuft, there is no liabdity to tsxaticfi on any of its income.
li

DROMBOUGHIL COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2 Income from donations
Unrestrlctad Deslgnated Restricted
Funds
Funds
Funds
2023
2023
2023
Total
Funds
2023
Totsl
Funds
2022
Donatlon8 and legacies
Donations
501
501
136
Grants
C.O.AS.T Activ8 Living
Garfield Weston
Causeway Coast and Glens
Hellfax Foundatlon
Natlonwlda Communlty
Awards For All
The Older PeoF4es' Fund
HMRC: Job Retention Scheme
Community Foundation CFNI
Honourable Irish S(Kiety
BBC CIN
500
500
7.208
2.727
7.397
7,208
2,727
7.397
2,500
4,000
5,000
10,000
5,000
1,427
1,427
16,732
1,083
18,552
16.732
1,083
16.552
501
53.626
54,127
26,636
The income from donaticffls and legacies in 2022 inGluded £26.500 from restricted funds and £136 from unrestricted funds.
3 Income Irom charltable actlvltles
Unr¢$trfcted Dèslgnatsd
Funds
Funds
2023
2023
Rostrlctèd
Funds
2023
Total
Funds
2023
Total
Funds
2022
Fundraising
Aged to Perfection group
Class8S
1.242
1,820
8.905
1.242
1,820
8.gos
790
1,898
5,266
11.967
11,967
7,954
The income generated from ¢h8ritsble activities was all unrestrFcted in 2022.
4 Income from other tradlng actlvmes
Unregtrlctod Deslgnatod
Funds
Funds
2023
2023
Re•trlcted
Funds
2023
Total
Funds
2023
Total
Funds
2022
Variety Crafts
Calering and hire of hall
Sundry
3.649
855
3,649
855
564
3,292
775
382
5,068
5.068
4,449
Th8 income generated from other trading activilies was all unrestricted in 2022.
12

DROMBOUGHIL COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
5 Costs dlroctly attributabh to charftabh activltle8
Unrestricted Designated Restrlctgd
Funds
Funds
Funds
2023
2023
2023
Total
Funds
2023
Total
Funds
2022
Variety Craft eX￿nSeS
Ag8d to Perf￿￿'on exp9nses
Class8S.' tutors and matorials
Fundralslng expenses
Bank charges
Insurdnce
4.703
94
4,703
2,650
14,542
58
2,193
2,537
5.237
160
2.556
14,149
393
120
1,442
1,442
900
1,246
640
Accountancy fees
Sundry expenses
Depreciabon
Support costs (nots 6)
720
1,624
103
8.400
686
2,310
5,989
17.418
227
5,886
6,055
17,002
9.018
16,141
5.886
28.031
50.058
35,417
Expendiiuffj on ¢haritsble activities in 2022 included restricted £8,877 designated £5,886 and unrestricted £17,715.
Support costs
2023
2022
Staff costs (note 7)
Training
Repairs and maintenanc8
Water rates
Light and heat
Telephone
Postage, stationery and adv8rtK8ing
Computer expenses
11,964
200
272
119
11,135
420
892
107
2,182
1,170
271
2,323
1,150
425
1,240
550
17,418
17,002

DROMBOUGHIL COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Staff costs
2023
2022
Salaries and wages
Social secunty costs
Pension costs
11.964
11,135
11.964
11,135
The average number of employees during the year on a full time equivalent basis was..
2023
2022
Administrdtion and supFort
There were no employees whose emoluments for the year were above £60,000.
Trustees, remuneration and related party transactions
None of the trustees received any remuneration or benefit during the year. There were no ￿lated party
transactions during the year.
Tangible fixed assets
Land and
bulldlngs
Equlpmenu
Fumiture
Total
Cost
At 1 January 2023
Additions
314.664
15,120
329,784
At 31 December 2023
314.664
15,120
329,784
Depreciation
At 1 January 2023
77.212
14,843
92.055
Charge for the year
5.886
103
5,989
At 31 December 2023
83,098
14,946
98,044
Net book value
At 31 De￿mber 2023
231.566
174
231,740
At 31 December 2022
237.452
277
237,729
14

DROMBOUGHIL COMMUNrrY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Stocks
2023
2022
Craft items and texiiles
4.560
7,269
11 Debtors & prepayments
2022
2022
Grants
Pr8paym8nt8
Hire of hall
21,168
625
400
40
21,168
1,065
12 Credltors falllng due wlthin one year
2023
2022
Creditors and accruals
988
963
988
963
13 Analys18 of net aisets botwoen funds
Unrestrfcted
Deslgnated
Funds A•8et Fundi
Restrl¢tsd
Funds
Total
Funds
Tanglble fixed assets
Current assets
Current liabl￿tIeS
174
24.111
(988)
231,566
231,740
65,281
19881
41,170
17.139
231,566
41,170
296,033
14 Movement In funds
At1Jan
2023
Incomlng
rnsour¢e$
Outyolng
resourc0•
Transfers
At 31 Dec
2023
Unrestricted funds
Designated funds
Restrfct8d funds
21.902
237,452
15.575
17.536
(16.141)
(5.886)
{28,031)
23.297
231,566
41,170
53.626
274.929
71,162
(50.058)
296,033
15

DROMBOUGHIL COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15 General fund
The Yree reserves- after alk)wino for all desionated funds.
Designated property assets fund
Purpos85 of designated fijnds
11 The Management Commrttee has designated a fund which reflects the net bo(* value of buildings on which grants
have b88n r8C8ived.
Restrlcted funds
This represents grants received and receivable for Spe￿fiC purposes which have not been expended at year end.
16 Contingent liabllitles
Certain grants re￿IVed and receivable may become repayable to the fijnder rf the charity is no longer able to meet the
Conditions under whith they were awarded. Due to the nature of these ￿ntsngencies, it may not be possible to quantify
the potential financial effect or give an indicakn.on of the b.ming as to the liabilities that may arise.
17 Financiavcapital Commilments
The company had not entered into any finanaal or capiial comrnitments at yèar 8nd.
18 Legal slatus of the Charity
The Charity is a company limited by guardnte8 and has no share capitd. Th8 Nabilty of each member In the 6venl of a
w1ndIn￿up Is limlted to £1.
16