Charity Number: 101480 Company Number: Nl 041624 Drumduff & Drumnakill Communit Association Charitable Com an Limited b Guarantee Annual Re ort and Unaudited Financial Statements for the ear ended 30 Se tember 2019 Drumduff & Drumnakill Communi ort and financial statements Contents Association Page Company information Directors, report Independent examiners report to the directors Statement of financial activities Slalemenl of financial position Notes lo the financial slalements 9-15 Drumduff & Drumnakill Communi Com an Information Association Directo Bernadelle McElduff Isecrelaryl Patrick Ward Margaret McAleer Breige Kelly Hugh Owens Mark Kelly Kathleen Ward Gerry Colton Carmel Mullin Registered office 84 Bracky Road Sixmilecross Co. Tyrone BT79 9PH Business address 84 Bracky Road Sixmilecross Co. Tyrone BT79 9PH Company registration number Nl 041624 Charity registration number 101649 Independent examiners FMC Accountants 34 Market Street Strabane Co. Tyrone BT82 8BH Bankers First Trust Bank 8 High Street Omagh Co. Tyrone BT78 1 BH Drumduff & Drumnakill Communi Association Directors, Re ort for the ear ended 30 Se tember 2019 The directors. who are the trustees for the purpose of ¢harity law, have pleasure in presenting their report and the unaudited financial statements of the charitable company for the year ended 30 September 2019. The financial slalemenls comply with the Charities Regulations (Northern Ireland) 2015, the Companies Act 2006. the Memorandum and Articles of Association, and 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 1021 leffeclive 1 January 20151. Reference and Administration Details The Iruslees, who are also directors for the purpose of company law and who served during the year end and up lo the date of this report are as follows". Bernadelle McElduff Isecrelaryl Patrick Ward Margaret McAleer Breige Kelly Hugh Owens Mark Kelly Kathleen Ward Gerry Colton Carmel Mullin The reference and administration details of the charitable company are as shown on page 2. Objective5 and Activities Objectives Drumduff and Drumnakilly Community Association endeavours lo achieve long term social and economic improvements for the whole community by a process of planning, creativity and action. The charitable company's beneficiaries are people in the Fermanagh & Omagh District Council area. The only private benefit flowing from this purpose is that a trustee will gain skills and knowledge through our education programme. Through this trustees gain skills which are Iransfefable lo other settings. These benefits are incidental and necessary lo ensure the benefit is providèd lo our beneficiaries. The objectives of the charitable company are as follows.. To advance education". The direct benefits which flow from this purpose include an increase in knowledge and skills of the inhabitan15 Qf our immediate and wider area thus enhancing their employability and promotion prospects. Other benefits flowing from this purpose are increased confidence, social inleraclion and sense of achievement. These benefits will be evidenced by feedback through the completion of evaluation forms by users and through obseNation and face-to-face contact,. Preserve and protect health.. The direct benefits which flow from this purpose include a greater awareness of personal health and wellbeing and techniques lo achieve this, leading lo improved physical and mental wellbeing and increased self-esleem. These benefits will be evidenced by feedback from users through evaluations, face-lo-face Contact and their interest in getting involved in future health related aclivilies., and Provide facilities in the interests of social welfare for recreation and other leisure time occupations.. The direct benefits which flow from this purpose include opportunities for social inleraclion with peer and inlergeneralional groups and engagement in recreational and leisure activities which enrich the lives of inhabilanls in this rural area. The public can hire the prernises for their own activities which is a resource for them. These benefits will be evidenced by face-to-face contact with participants and their interest in further events and activities organised within our centre. Drumduff & Drumnakill Communit Association Directors, Re ort for the ear ended 30 Se tember 2019 Activities Drumduff and Drumnakilly Community Association provides a range of activities lo cater for the identified needs of the community including.. A weekly Parent and Toddler group for babies, toddlers and their parents., Weekly Youth Club lo cater for ¢hildren in the 5-18 year old group.. Fortnighlly Senior Citizens Group for 8 range of crafts, information and advice on health and other mallers., Training courses lo enhance employability and promotion prospects e.g,. courses lo suit different abilities. Food Hygiene and Fir51 Aid.. Recreational courses including Flower Arranging, Painting. Gardening. Mixed Crafts and Dancing.. Offer Health and Fitne$$ related activities including Yoga, Keep Fil. Circuit Training, Zumba.. Organise social events al Easter, Halloween and Christmas as well as an annual festival which allow members of the local community and beyond lo come together in a social setting and participate in a variety of inlergeneralional events,. Hire out charitable company's premises lo community members for a range of events and the income generated is reinvested in the running of our organisalion and ils programmes., Host environmental visits by indivirjuals and groups including schools lo our Mountain View Environmental Trail lo study and enjoy the wildlife of the area. a range of IT Publlc Beneflt Statgment The Directors of Drumduff and Orumnakilly Community Association confirms that they have complied with their duties under section 4161 of the Charities Act (Northern Ireland) 2008 lo have regard lo the Charity Commission lor Northern Ireland's guidance on public benefit and that the publi¢ benefit requirement has informed the 8clivilies of the charitable company in the year ended 30 September 2019. Achlevgments and Performance The Directors are confident that the charitable company continues lo meet ils performance objectives lo benefit the local community. The charitable company continues lo receive funding from local bodies and run event5 through the course of the year. Financlal Performance The company is a charitable organisalion. The results for the year are Sel out in clelail on page 10 to 16. The ¢harilable company returned net outgoing resources for the year of £23,47412018 - net outgoing resources of £21,059). AI 30 September 2019, the total funds of the charitable Company amounted lo £296,221 12018 £319,695) comprising reslricled funds of £253,714 and unreslricled lund5 of £42,507. Principal sources ol funding and how this has supported the key objectives of the charitable company are disclosed in the notes lo the financial slalemenls. Reserves Policy While funding for the charity's core activities is secured until 2020, the charity needs to establish reserves policy lo have sufficient cash rese￿e$ should the company experience cash flow problems or costs involved in any potential wind up of the company. Drumduff & Drumnakill Communi Association Directors. Re ort forthe ear ended 30 Se tember 2019 11 is recommended that reserves equivalent to ￿e1ve months, running costs for core activities together with anlicipaled improvemenls lo fixed assets be retained. The largel set and realised for this in the current year is £20,300. The level of reserves are reviewed by the directors and management regularly throughout the year. The minimum level of reserves for the ongoing needs of the charity is reviewed by the trustees on annual basis. Structure, governance and management Drumduff & Drumnakilly Community Association is a company limited by guarantee with charitable slalus, incorporated on the 1 st October 2001 and registered as a charity in Northern Ireland in 2015. The company w8s established under Memorandum of Association that established the objec15 and powers of the charitable company and is governed under ils Articles of Association. In the event of the winding up of the company each member is required lo contribute no more than £1. The Iruslees of the charity when elected Serve until the next annual general meeting at which they musl be re-elected. The management operale a system ol internal control designed lo provide reasonable assurance, bul not absolute assurance against material misslalemenl or loss. They include Ihe'.- regular consideration by the Iruslees of progres5 reports regarding operational aclivilies. These are Carried out detailing performance indicalor levels such as parti¢ipanl numbers and financial breakdowns. deleg81ion of authority and segregation of duties among staff. idenlificalion and management ol risks lo which the charity is exposed, In accordance with the Articles ol Association. the members to retire by rolalion shall be those who have been longest in office since their la51 election, and the relevant motion will be pul al the Annual General Meeting. A retiring member shall be eligible for re-election. Taxatlon status The charitable company is recognised as a charity by HM Revenue and Customs. Ac¢ordingly, the charitable company has availed of the exemptions contained in Chapter 3 Part 11 Corporation Taxes Act 2010 and Section 256 Taxation ol Chargeable Gains Act 1992. Statgment of dlrectors. responslbllitle$ The directors are responsible for preparing the annual report and the financial slalemenls in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the directors lo prepare financial slalemenls for each financial year. Under the law the directors have elected lo prepare the financial slalemenls in accordance with applicable law and United Kingdom Generally Ac¢epled Ac¢ounling Practice. Under company law the directors musl not approve the financial slalemenls unles5 they are sa115fied that they give a true and fair view of affairs of the charity and of Ihe surplus or deficit of the charity for that period. In preparing these financial slalemenls, the directors are required lo.. select suitable accounting policies and then apply them consislenlly., obsetve the methods and principles in the Charities SORP.. make judgements and eslimales that are reasonable and prudent.. slate whether applicable UK accounting standards have been followed. subject lo any material departures disclosed and explained in the financial 51alemenls". prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the company will continue in business. Drumduff & Drumnakill Communi Association Directors. Re ort forthe ear ended 30 Se tember 2019 The directors are responsible for keeping proper accounting record5 that are sufficient to Show and exp5ain the company's transactions and disclose with reasonable accuracy al any lime the financial position of the charity and which enable them to ensure that the financial slalemenls comply with the Companies Act 2006. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small Company exemption This report has been prepared in accord2nce with the provisions in Part 15 of the Companies Act 2006 applicable lo companies subject to the small companies regime. The directors are of the opinion the company is enlilled to exemption from audit in accord8nce with section 47512} and section 475131 of the Companies Act 2006. This report was approved by the board on 31 March 2020 and signed on ils behalf. Bernadette McElduff Director Drumduff & Drumnakilly Community Association Independent examlner's report to the mernbers of Drumduff & Drumnakilly Community Associationon the unaudited financial statements for the year ended 30 September 2019 We report on the financial statements of the company for the year ended 30 September 2019 which are set out on pages 9 to 1 S. Respective Responsibilities of Directors and Independent Examiner As the charitable company's Directors, who are the Iruslees for the purpose of charity law, you are responsible for the preparation of the financial slalemenls in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the chaiitable company is not subject lo audit under company law, and is eligible for independent examination, il is our responsibility to., examine the accounts under section 65 of the Charities Act (Northern Irelandl 2008., follow the procedures laid down in the genaeral directions given by the charity commision for Northern Ireland under section 6519llbl of the Charities Act (Northern Ireland) 2008", and slate whether particular mallers have come to our attention Basis of Independent Examiner's Report We have examined your charitable company's financial slalemenls as required under section 65 01 the Charities Act (Northern Irelandl 2008 and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65{9iibl of the Charities Act INorthern Ireland) 2008. The examination included a review of the accounting records kept by the charitable company and a comparison of the accounts presented with those records. 11 also includes consideffttion of any unusual items or disclosures in the accounts. and seeking explanations from you as a charitable company Directors concerning any such mallers. Our role is lo slate whether any material mallre5 have come lo our attention giving us cause lo believe.. that accounting records were not kept in accordance with section 386 of the Companies Act 2006.. or that the accounts do not accord with those accounting records., or that the accounts do not comply with the accounting requirements of section 396 of the Companies Acl that there is further information needed for a proper understanding of the account5 to be reached. Independent Examinerfs Statement We have completed our examination and have no concerns in respect of the matters listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, we have found no mallers that require drawing lo your attention. FMC Accountants Chartered Accounlanls and Statutory Auditors 34 Market Street, Slrabane, Co. Tyrone, BT82 8BH. 31 March 2020 ## **Drumduff & Drumnakilly Community Association** ## **Statement of financial activities (incorporating the income and expenditure account) for the year ended 30 September 2019** |**Notes**
**Incoming resources**
Incoming resources from charitable activities
3
Incoming resources from generating funds:
Donations and legacies
3
Trading income
3
**Total incoming resources**
**Resources expended**
Charitable activities
4
Governance costs
5
**Total resources expended**
**Net incoming/(outgoing) resources before transfers**
Transfers between funds
Net incoming/(outgoing) resources for the year
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
-
10,109
2,808
12,917
15,723
915
16,638
(3,721)
(6,994)
(10,715)
53,222
42,507|**Restricted**
**funds**
**£**
22,491
-
-
22,491
42,244
-
42,244
(19,753)
6,994
(12,759)
266,473
253,714|**2019**
**£**
22,491
10,109
2,808
35,408
57,967
915
58,882
(23,474)
**-**
(23,474)
319,695
296,221|**2018**
**£**
3,159
10,920
2,952|**2018**| |---|---|---|---|---|---| ||||||| |||||17,031|| |||||37,097
993|| |||||38,090|| |||||(21,059)
-|| |||||(21,059)
340,754|| |||||319,695|| The charity has no recognised gains or losses other than those shown in the statement of financial activities in the above financial period and there have been no discontinued activities or acquistions in this period. The notes on pages 9 to 15 form an integral part of these financial statements. 7 Drumduff & Drumnakill Communit Association Statement of Financial Position asat30Se tember 2019 Notes 2019 2018 Fixed assets Tangible assets 10 251,586 273,885 Current assets Debtors Cash al bank and in hand 3.601 42,528 46,129 1,053 46,230 47,283 Creditors.. amounts falling due wlthin one year 12 11.4941 11,4731 Net current assets 44.035 45,810 Net assgt$ 296,221 319,695 Funds Reslricted lund5 14 253,714 266,473 Unreslricled funds.. General funds Designated funds 15 15 22,207 20,300 53,222 Sharoholders, funds 296 221 319,695 For the year ended 30 September 2019 the company was enlilled lo exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 relating 10 Small companies. No members have required the company lo obtain an audit of ils accounts for the year ended 30 September 2019 in accordance with section 476 01 the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparalion of accounts. These accounts have been prepared in accordance with the provisions in Charities (Account5 and Repor151 Regulations (Northern Ireland) 2015 and Part 15 of the Companies Act 2006 applicable lo cornpanies subject lo the small companies regime. Bernadelle McEldull Director Approved by the board on 31 March 2020 Company Registered number: Nl 041624 The notes on pages g 10 15 form an integral part of these financial slalements. Drumduff & Drumnakill Communi Notes to the Financial Statements for the ear ended 30 Se tember 2019 Association 1 Accountin olicies The principal accounting policies adopted. judgements and key sources of estimaiion uncertainty in the preparation of the finanual sialements are a5 follows.. al Basis of preparation The financial statements have been wepared in accordance wth Accounting and Reporting by Charities.. Statement of Recommended PiaGtice applicable to Charities preparing their accounls in accordance with the Financial Reporting Slandard applicable in ihe UK and Republic ol Iieland {FRS 1021 (effective 1 January 2015) - (Charities SORP IFRS 1021}. ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2￿. Dnjmduff & Drumnakilly Community Assoryalion meets the definiiion of a public benefit entity as defined by FRS 102. Assels and liabilities are initially recognised al historical cost or transaction value unless olhetMse staled in the relevant a¢xounting policy notes. The charitable company has applied Update Bulletin 1 35 published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. bl Reconciliation with prevlous Generally AcceptedAccounting Prncticè In preparing the accounts, the trustees have considered whether in applyng the accAJunting polioes required by FRS 102 and Ihe Charittes SORP FRS 102 the reslalement of comparative items was required. cl Preparation ofthe a¢counts on a going roncern basis The Charity reported a deficil 01 £23,473 Itsi the year. The directors are of the view that the immediate future of the Charity is secuie for the next 12 to 18 months and that on this basis the chaTlty is a going concern. The charity has significant reserves in pl￿ to provide sery1￿s and maintain charity objectives. The uncertain economic outlook and continued compelilion from other charities for furiding is a significant area of financial uncertainty which the ¢J1￿￿Or5 have mitigated by remaining in ￿gUlar contact with local authoritie5 and funde15 to seojre their ongoing financial 5UPPOrt and grant funding. dl Incoming resour¢ès All incoming resources are induded in the slalemenl of finanaal activities when Ihe charity is enlilled lo the income and the amount can be quantified wth reasonable acurary. The follovAng spe¢ifi policies are applied to parlicular categories of income- Voluntary income is received by way of grants. donations and gifts and is induded in full in the Statement of financial activitie5 when the charity is legally entitled to the incorne and the amount can be quantified with ￿asOnable acuracy. - Grants for the purpose ol capital expendiiure are credited io ¢Jefe¥red income when feceivable and amortised in line with depiecialion. Investment income is included vthen receivable. - Incoming resources from charitable trading aciivities are ae¢x)unted for when earned. el Expenditure Expenditurè 15 recognised once there 15 a legal or constnJ¢trve obligatson to make a payment to a third party. il is probable thal settlement will be iequiied and the amounl ol Ihe obligation can be measured reliably. Expendiluie is classified under Ihe followng activity headings.. Costs of charitable activities indudes the wsts of training programmes delivered. comrnercial trading and other educational activilies undertaken to further the purposes of the charity and their associated support CQ5ts. - Governance costs ￿preSentS those ttems required to audit and report on the charity activities. Drumduff & Drumnakill Commun Notes to the Financial Statement5 for the ear ended 30 Se tember 2019 Associatlon Q Fund accourtting The Charity has Iwo types of funds for which it is responsible.. 111 Unreslricled funds the unreslricled fund is under the conltol of the Board of Oireclors. to b& used in the furiheren¢e ol the objectives ol the charity. 121 Restricted funds - the restri¢ted fund represenis donations and grants received where the donor has irnposed restrictions on the use of the funds which a￿ legally binding on the Board of Directors. Designated funds are unrestricted or restricted funds of the Charity which the directors have deaded al their discretion 10 Sel aside lo use lor a specific purpose. gl Tangible fixed assets Individual fixed asse15 costing £50) or mole are capilalised al ¢051 and are ￿preCIated over their eslimaled useful economic lives. hl Depreelatlon Depreciats'on has been provided at the followng rates in order lo vmle off the assets over their ¢slirnaled uselul lives. Land and property Fixturgs and fittings 4% 5traighl line 25% redurAng balance il Inve$tments Fixed ass&1 Inveslmenls are valued al U)eir markel valuo. 11 Debtor Trade antj other deblors a￿ recognised al the settlem&nl amount due after any Ir8de discount offered. Prepayments are valued al the amount prepaid net ol any trade discounts due. kl Cash at bank and In hand Cash al bank and cash tn hand indudes cash and shori lerm highly liquid inveslmenls with a Short rralurily of three months or less Irom Ihe dale ol 8cquisilion or opening ol the deposi.¢ or $Smllar account. 11 Credltors andprovl$lon$ Creditors and provisions are fecognised where the ch8rity has a present obl￿atIon r&sulllng from a past evenl Ihal will probably result in the Iransfer ol lunds lo a Ihird paty and the arnount due lo settle the obligation Can be measured or estimated reliably. Ciedilors and provisions arg nom)ally recognised al their setllernent amount after allowing for any trade discounts due. m} Transaclions In forelgn eurrnn¢ie$ Transactions in loreign currencies are recorded al the rale ruling al the dale of the transaction. Monetary assgts and liabilities denominated in foreign ￿rrenc￿eS ale translated al the rate ol exchange ruling at Ihe balance sheet dale. All differences are taken lo the profrt and loss account. 10 Drumduff & Drumnakill Communit Association Notes to the Financial Statements for the ear ended 30 Se tember 2019 n) Leasing and hire purchasè commitments Assets held under fillan￿ leases and hiie purchase contraels, which are those where substantially all the risks and rewards ol ownership of the asset have passed lo the company, are capil3li5ed in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profil and loss ac¢ounl over the period of the lease and represents a constant proportion of the balance of capital repayments oulslanding. Rentals paid under operating leases are charged lo incotlle on a straight line basis over the lease term. ol Grnnt income Grants are credited to defeired revenue. Grants towards capital expenditure are released lo the profil and Ios5 account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profil and loss account as the related expenditure 15 incurred. pl Taxation As 8 charity, Ihe charitable company is not liable to Corporation Tax. 2 L&gal ststus of the Charity The Charity is a compally limited by guarantee and has no share Capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited lo £5 per member ol the ¢haiity. Drumduff & Drumnakill Communit Association Notes to the Financial Statements for the ear ended 30 Se tember 2019 3 Incomin resources Unrestricted funds Restricted funds 2019 2018 Income from charitable activi Fermanagh & Omagh District Council The Community FoLJndalion for Nl SSE Airtricity Awards lor All ASDA Foundation Slieve Divena Community Fund Nl Housing Executive 1.750 1.750 1.219 1.940 7,861 10,000 1.000 1.000 880 22.491 7,861 10,000 1,000 1,000 880 22.491 3.159 Income from donations Bazaar Cycle ¢hallenge Flaxpullers leslival Other courses Other festivals Sponsorship ndle acies 3,620 739 3.190 1,140 980 440 10.109 3,620 739 3.190 1,140 980 440 10.109 3,491 1,725 3.525 544 1.350 285 10,920 Income from tradin Fitness suite rent Hall and computer 5uile rent NIEIROCS Parent and toddler group ctivilies 42 1,307 1,154 305 42 1,307 1,154 305 142 1,894 910 206 2,952 2.808 2.808 4 Anal sis of ex enditurè on charitable activities Unrestricted funds Restricted fund5 2019 2018 Bazaar Flaxpullers leslival Olher festival Cycle challenge Parent and toddler Hospilalily Course fees Light and heat Insurance Slalionery and printing Telephonè and internet Repairs and mainlenan¢e Property and water rates Advertising and promotion Bank interest and charge5 Sundry Depreciation 1,155 1,632 1,255 1.632 1.103 252 104 371 1,114 1,297 2.013 323 973 23,822 119 320 273 697 22.299 57,987 975 2,216 1.883 1.303 124 71 1,036 2,696 1,977 89 565 815 1.091 252 104 371 539 1.297 2,013 227 973 3,858 119 320 273 697 1,881 15,723 575 96 19,964 55 148 168 23.016 37.097 20.418 42,244 12 Drumduff & Drumnakill Communit Association Notes to the Financial Statements for the ear ended 30 Se tember 2019 overnanc costs Unrèstrictè funds Restrlcted funds 2018 Independent examiner remun$rallon 915 915 993 915 915 993 6 Staff sts and •m lo ee beneflts The charitable company did not have any employees during the year. 7 Direc r¥ remun The directors received nor waived 8ny remuneration or other benefits durlng the year. 8 Indè èn ent examin rs remuneratlon The independent gxamlners remun8ralion amounts lo an independent examlnalion fee of £915 12018 £9931 xatlon The company Is claiming lax exemption lo the exlonl that Incorn¢ andler gains are applicable and apply lo charitable purposes only. se Land and bulldlngB Flxture8 and Ilttlnos Totsl Cost Al 1 October 2018 Additions Surplus on ravalualion Disposals AI 30 September 2019 503,014 95,479 598,493 5Q3,014 95,479 598 493 Depreclauon Al 1 October 2018 Charge for the year Surplus on revaluallon On disposals AI 30 September 2019 237,815 20,122 86,793 2,177 324,608 22,299 257,937 68,970 346.907 Net book value At 30 Sèptember 2019 245,077 6,509 251.586 At 30 September 2018 265,199 8,688 273,885 13 Drumduff & Drumnakill Communi Notes to the Financial Siatements for the ear ended 30 Se tomber 2019 Association 11 Debtors 2019 2018 Trade debtors Olher lax and social security costs Prepayments 3.409 50 142 998 55 3,601 1,053 12 Cre ors: amounts fallln ithin one ear 201 2018 Trade creditors Accruals 744 750 1,494 673 800 1,473 13 C tin ent Ila itles There is a contingent liability to repay all grant monies should they not be distributed under the term5 ol the various inilialives. The direlors do not anlicipale any repayment falling due under the terms on which granls were received. A debenture exists in lavour ol the Norther Ireland Rural Development Council securing the land and property ol Ihe charitable company along with a fixed floating chargè over Ihe asset8 of the charitable company. 14 Res d funds Ixed as funds ass fund Total nds Balance al 1 October 2018 Surpluslldelicill lor year Transfer between funds Balance al 30 Seplernber 2019 265,077 119,2801 1,396 14731 8,994 266,473 119,7531 6,994 253.714 245 797 7,917 ass The fixed asset fund is made up ol grants received for the purchase ol plant & machinery, office equipment and irnprovemenls lo property. Tho breakdown ol this fund is as follows". enin Balance Closln Balance 245,164 633 Incorn Ex ens& 119,0691 12111 11,3961 20,676 Rural Development Council Slieve Divena- Omagh Forum Comrnunily Foundalion - Omagh Forum Balance at 30 September 2019 264.233 844 1.396 286,473 245,797 sets fund The net assets fund con5151s ol monies receivable at 30 September 2019 and moriies held. bul not yel spent lor restri¢ted purposes. 14 Drumduff & Drumnakill Communi Note5 to the Financial Statements for the ear ended 30 Se tember 2019 Association 15 Unre5 cted funds nated funds Cashflow reservè General Fund Totsl funds Balance al 1 Oclober 2018 Prior year adjustments Surplu51ldefiall loi year Transfer beiween funds Balance at 30 September 2019 53.222 120.3001 13,721) 16.994) 22,207 53,222 20.3CKJ 13.7211 {6.9941 42,507 20,300 Designated funds have been sel aside for the following purposes.. Cashflow reserve - lo ensure that the company can meet tts debls as they fall due. in the event that payments by funders are delayed or where ¢0s1s are mel retrospectively. Buildin9 fund- lunds sel aside in respect of antiC4pated capital improvement wsts. 16 Anal sis of net assets betsyeen funds Restricted income funds General funds Desi nated funds Total fund Fund balance at 1 Octobei 2018 as represented by". Tangible fixed assets Cuirenl ass@Is Current liabililies 245,797 3.630 5.789 22,199 {1.4941 26,494 251.586 46,129 11,494} 20,300 Balance at 30 September 2019 249.427 20.3 296.221 17 Ultimate controllin The company is limited by guarantee. There is no ulbmale ¢xntrolling party. 15