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 2023
Drumduff & Drumnakill Communit Association Re ort and financial statements Contents Page Company information Directors, report Independent examinerfs report to the directors Statement of financial aclivities Statement of financial position Notes to the financial statements 9-14
Drumduff & Drumnakill Communit Association Com an Information Directors Bernadette McElduff (Secretary) Patrick Ward Breige Kelly Hugh Owens Mark Kelly Kathleen Ward Gerry Colton Carmel Mullin Patricia Owens Bridget Blackwell Elaine Conway Shirley Rocks Hannah Dillon Registered office 84 Bracky Road Sixmilecross Co. Tyrone 8T79 9PH BusTness 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 Slrabane Co. Tyrone BT82 8BH Bankers First Trust Bank 8 High Street Omagh Co. Tyrone BT78 1BH
Drumduff & Drumnakill Communi Association Directors. Re ort for the ear ended 30 Se tember 2023 The directors, who are the trustees for the purpose of charity law, have pleasure in presenting their report and the unaudited financial statements of the charitable company for the year ended 30 September 2023. The financial statements comply with the Charities Regulalions (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 applicabSe in the UK and Republic of Ireland FRS 102) (effective 1 January 2015). Trustees of the charity The trustees, who are also directors for the purpose of company law and who served during the year end and up to the date of this report are as follows.. Bernadette McElduff (Secretary) Patrick Ward Breige Kelly Hugh Owens Mark Kelly Kathleen Ward Gerry Colton Carmel Mullin Patricia Owens Bridget Blackwell Elaine Conway Shirley Rocks Hannah Dillon The reference and administration details of the charitable company are as shown on page 1. Objectives and Activities Objectives Drumduff and Drumnakilly Community Association endeavours to 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 ski115 and knowledge through our education programme. Through this trustees gain skills which are transferable to other settings. These benefits are incidental and necessary to ensure the benefit is provided to 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 inhabitants of our immediate and wider area Ihus enhancing their employability and promotion prospects. Other benefits flowing ffom this purpose are increased confidence. social interaction and sense of achievement. These benefits will be evidenced by feedback through the completion of evaluation forms by users and through observation and face-to-face contact,. Preserve and protect health.. The direct benefits which flow from this purpose include a greater awarenes5 of personal health and wellbeing and techniques to achieve this. leading to improved physical and mental wellbeing and increased self-esteem. 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 activities., and
Drumduff & Drumnakill Communit Association Directors. Re ort for the ear ended 30 Se tember 2023 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 interaction with peer and intergenerational groups and engagement in recreational and leisure activities which enrich the lives of inhabitants in this rural area. The public can hire the premises 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. Activities Drumduff and Drumnakilly Community Association provides a range of activities to cater for the identified needs of the community including.. A weekly Parent and Toddler group for babies, toddlers and their parents., Weekly Youth Club to cater for children in the 5-18 year old group., Fortnightly Senior Citizens Group for a range of crafts, information and advice on health and other matters., Training courses to enhance employability and promotion prospects e.g.. courses to suit different abilities, Food Hygiene and First Aid., Recreational courses including Flower Arranging, Painting, Gardening, Mixed Crafts and Dancing- Offer Health and Fitness related activities including Yoga, Keep Fit, 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 to come together in a social setting and participate in a variety of intergenerational events., Hire out charitable company's premises to community members for a range of events and the income generated is reinvested in the running of our organisation and its programmes., Host environmental visits by individuals and groups including schools to our Mountain View Environmental Trail to study and enjoy the wildlife of the area. a range of IT Public Benefit Statement The directors of Drumduff and Drumnakilly Community Association confirm that they have complied with their duties under section 4{6} of the Charities Act (Northern I reland) 2008 to have regard lo the Charity Commission for Northern Ireland's guidance on public benefit and that the public benefit requirement has informed the activities of the charitable company in the year ended 30 September 2022. Achievements and Performance The directors are confident that the charitable company continues to meet its performance objectives to benefit the local community. The charitable company continues to receive funding from local bodies and utilises these funds to run events through the course of the year. Financial Performance The Company is a charitable organisation. The results for the year are set out in detail on pages 7 to 15. The charitable company returned net outgoing resources for the year of £24,692 {2021 net outgoing resources of £24,339). At 30 September 2023, the total funds of the charitable company amounted to £205,668 12022 £220,854) comprising restricted funds of £143,861 and unrestricted funds of £61,807. Principal sources of funding and how this has supported the key objectives of the charitable company are disclosed in the notes to the financial statements.
Drumduff & Drumnakill Communit Association Directors. Re ort for the ear ended 30 Se tember 2023 Reserves Policy While funding for the charity's core activities is secured until 2024, the charity needs to establish a reserve5 policy to have sufficient cash reserves should the company experience cash flow problems or costs involved in any potential wind up of the company. It is recommended that reserves equivalent to twelve months, running costs for core activities together with anticipated improvements to fixed assets be retained. The target set and maintained 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. Plans for the future During the Covid-19 pandemic the short term aim of the charity was to continue to offer its key services based on funding received while restricting expenditure, Capital expenditure has recommenced now the charity is back to normal operating conditions, work has started on the construction of a playing fieldlmulti-purpose sports facility with the first phase costs incurred by the charity and when funding is secured the next phase will be carried out. The long term aim remains to maintain the level of funding from existing funders while accessing new funders. 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 was established under Memorandum of Association that established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the winding up of the company each member is required to contribute no more than £1. The trustees of the charity when elected serve until the next annual general meeting at which they must be re-elected. The management operate a system of internal control designed lo provide reasonable assurance, but not absolute assurance against material misslatemenl or loss. They include the'.- regular consideration by the trustees of progress reports regarding operational activities. These are carried out detailing performance indicator levels such as participant numbers and financial breakdowns. delegation of authority and segregation of duties among staff. identification and management of risks to which the charity is exposed. In accordance with the Articles of Association, the members to retire by rotation shall be those who have been longest in office since their last election, and the relevant motion will be put at the Annual General Meeting. A retiring member shall be eligible for re-election. Taxation status The charitable company is recognised as a charity by HM Revenue and Customs. Accordingly, the charitable company has availed of the exemptions contained in Chapter 3 Part 11 Corporation Taxes Act 2010 and Section 256 Taxation of Chargeable Gains Act 1992. Statement of directors, responsibilities The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Drumduff & Drumnakill Communit Association Directors, Re ort for the ear ended 30 Se tember 2023 Company law requires the director5 to prepare financial statements for each financial year. Under the law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the directors are required lo.. select suitable accounting policies and then apply them consislently., observe the methods and principles in the Charities SORP., make judgement5 and estimates that are reasonable and prudent., slate whether applicable UK 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 continue in business. The directors are responsible for keeping proper accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the charity and which enable them lo ensure that the financial statements comply 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. Small company exemption This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. The directors are of the opinion the company is entitled to exemption from audit in accordance with section 47512) and section 475(3) of the Companies Act 2006, This report was approved by the board on 3 June 2024 and signed on its behalf. Bernadette McElduff Director Kathleen Ward Director
Drumduff & Drumnakilly Community Association Independent examiner's report to the members of Drumduff & Drumnakilly Community Association on the unaudited financial statements for the year ended 30 September 2023 We report on the financial statements of the company for the year ended 30 September 2023 which are set out on pages 7 to 15. Respective Responsibilities of Directors and Independent Examiner As the charitable company's directors, who are the trustees for the purpose of charity law, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 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.. examine the accounts under section 65 of the Charities Act {Northern Ireland} 2008., follow the procedures laid down in the general directions given by the charity commission for Northern Ireland under section 65(9llb) of the Charities Act (Northern Ireland) 2008, and state whether particular matters have come to our attention Basis of Independent Examiner's Report We have examined your charitable company's financial statements as required under section 65 of the Charities Act {Northern Ireland) 2008 and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65{9llbl of the Charities Act (Northern 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. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as a charitable company directors concerning 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 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 Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U K and Republic of Ireland., or that there is further information needed for a proper understanding of the accounts to be reached. Independent Examiner's 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 matters that require drawing to your attention. (CLL FMC Accountants Chartered Accountants and Statutory Auditors 34 Market Street, Strabane, Co. Tyrone, BT82 8BH. 3 June 2024
Drumduff & Drumnakill Communi Association Statement of financial activities incor oratin the income and ex for the ear ended 30 Se tember 2023 enditure account Notes Unrestricted Restricted funds funds 2023 2022 Incoming resour$ from charitable activities 11.241 11,241 6,036 Incoming resources from generating funds.. Donations and legacies Trading income 8,019 3.994 8,019 3,994 541 3,042 Total incoming resources 12.013 11,241 23,254 9.619 Resources expended Charitable activities 13,321 24,269 37.590 33,461 Governance costs 850 850 850 Total resources expended 14,171 24,269 38.440 34,311 Net incominglloutgoingl resources before transfers 12,1581 113,0281 115,1861 124.6921 Transfers between funds 7,733 {7,7331 Nel incominglloutgoingl resources for the year 5.575 120,7611 115,1861 124,6921 Total fund5 brought forward 56,232 164,622 220.854 245,546 Total funds carried forward 61,807 143,861 205,668 220,854 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 acquisition5 in this period. The notes on pages g 10 14 form an integral part of these financial stalemenls.
Drumduff & Drumnakill Communit Association Statement of Financial Position asat30Se tember 2023 Notes 2023 2022 Fixed assets Tangible assets 10 187,425 210,053 Current assets Debtors Cash at bank and in hand 1,021 18,489 19,510 4,739 19,712 24,451 Creditors: amounts falling due within one year 12 (1,267} (13,650) Net current assets 18,243 10.801 Net assets 205,668 220,854 Funds Restricted funds General funds Designated funds 14 143,861 41,507 20,300 164,622 35,932 20,300 15 Shareholders. funds 205,668 220,854 For the year ended 30 September 2023 the company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year ended 30 September 2023 in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions in Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. Bernadette McElduff Director Kathleen Ward Director Approved by the board on 3 June 2024 Company Registered number: Nl 041624 The notes on pages 9 to 14 form an integral part of these financial statements.
Drumduff & Drumnakill Communi Notes to the Financial Statements for the ear ended 30 Se tember 2023 Association Accountin olicies The principal accounting policies adopted, judgements and key sources of estimation unrtainty in the preparation of the financial statements are as follows- al BH5is of preparation The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151- (Charities SORP {FRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} and Ihe Companies Act 2006. Drumduff & Drumnakilly Community Association meets the definition of a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy noles. The charitable company has applied Update Bulletin 1 as 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 previous Generally Accepted Accounting Practice In preparing the accounts. the trustees have considered whether in applying Ihe accounting policie5 required by FRS 102 and the Charities SORP FRS 102 the reslalemenl of comparative items was required. c} Preparation of the accounts on a going concern basis The charity reported a deficit of £15,186 for the year. The directors are of the view that the immediate future of the charity is secure for the next 12 to 18 months and that on this basis the charity 15 a going concern. The charity has significant reserves in place to provide services and maintain charity objectives. The uncertain economic outlook and contsnued competition from other Charities for funding is a significant area of financi81 uncertainty which the directors have mitigated by remaining in regular contact with local authorities and funders to secure their ongoing financial support and grant funding. dl Incomlng resources All incoming resources are included in the statement of financial activilies when the charity is entitled lo the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income-. Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when the charity is legally entitled lo Ihe income and the amount can be quantified with reasonable accuracy. Grants for the purpose of capital expenditure is included in fLtII in the statement ol financial activities when the charity is legally enlilled to Ihe income and Ihe amount can be quantified with reasonable accuracy. Investment income is included when receivable. Incoming resources from charitable trading activities are accounted for when earned. el Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following aclivity headings= C05t5 of charitable activities includes the c0515 of training programmes delivered, commercial trading and other educational activities undertaken to further the purposes of the charity and their associated support Costs. Governance costs represents those items required to audit and report on the charity activities.
Drumduff & Drumnakill Communi Notes to the Financial Statements for the ear ended 30 Se tember 2023 Association f) Fund accounting The Charity has two types of funds for which it is responsible.. 111 Unreslricted funds - the unrestricted fund is under the control of the Board of Directors, to be used ir) the furtherance of the objectives of the charity. 121 Reslricled funds the restricted fund represents donations and grants received where the donor has imposed restrictions on the use of the funds which are legally binding on the Board of Directors. Designated funds are unrestricted or restricted fund5 of the charity which the directors have decided al their discretion lo sel aside to use lor a specific purpose. gl Tangible fixed assets Individual fixed assets costing in excess of £1.000 are capitalised al cost and are depreciated over their estimated useful economic lives. h) Depreciation Depreciation has been provided at the following rates in order lo write off the assets over their estimated useful lives. Land and propety Fixtures and Iittings 40/0 slraighl line 25.10 reducing balance il Investments Fixed asset investments are valued al their market value. Il Debtors Trade and other debtors are recognised al the settlement amount due after any trade discount offered. Prepayments are valued al the amount prepaid nel ol any trade discounts due. kl Cash at bank and in hand Cash al bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposlt or similar account. 11 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or eslimaled reliably. Creditors and provisions are normally recognised al their settlement amount after allowing for any trade discounts due. ml Transactions in foreign currencies Transactions in foreign currencies are recorded at the rate ruling at the dale of the transaction. Monetary assets and liabiSities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet dale. All differences are taken lo the profit and loss account. ol Grant income Income from government and other grants are recognised al lair value when the charity has enlillemenl after any performance condition5 have been mel, il is probable that the income will be received and the amount can be measured reliably. If entitlement is not mel then these amounts are deferred. p) Taxation As a charity. the charitable company is not liable lo Corporation Tax. 10
Drumduff & Drumnakill Communit Association Notes to the Financial Statements for the ear ended 30 Se tember 2023 2 Legal status of the Charity The charity is a company 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 to £5 per member of the charity. 3 Incomln resources Unrestricted funds Reslrl¢ted funds 2023 2022 Income from charitable activities Fermanagh & Omagh District Council Arts Council of Northern Ireland Slieve Divena Community Fund DAERA Rural Affairs Division 775 6,404 2,750 1,312 11.241 775 6,404 2,750 1,312 11,241 3,088 1,500 1,448 6,036 Income from donation Bazaar and festivals Draws Sponsorship and donations cies 4.716 3,082 221 8,019 4,716 3,082 221 8,019 541 541 Income from Iradin Fitness 5uile rent Hall and computer suile rent NIEIROC5 Other courses Parent and toddler group activities 25 2,076 1,363 460 70 3,994 25 2.076 1,363 460 70 183 925 1.044 750 140 3,994 3,042 4 Anal sls of ex endlture on charltable actlvltles Unrestricted funds Restricted funds 2023 2022 Bazaar Equipment expensed Bespoke memorial quill Draw prizes Parent and toddler Hospitality and catering Course expenses Light and heal Insurance Office c0515 Telephone and inlernel Repairs and maintenance Propety and water rates Bank interest and charge5 Sundry Depreciation 1,039 1.039 1,335 750 1,500 22 1.335 750 1,500 22 102 960 3.225 2,238 40 723 2.457 184 139 178 23,215 33,461 2.322 1,944 485 585 1,490 177 337 201 3,219 13,321 775 3,097 1,944 485 585 3,490 177 337 201 22,628 37,590 2,000 19,409 24,269
Drumduff & Drumnakill Communit Association Notes to the Financial Statements for the ear ended 30 Se tember 2023 5 Governance costs Unrestricted funds Restricted funds 2023 2022 Independent examiner remuneration 850 850 850 850 850 850 6 Staff costs and em ee benefits The charitable company did not have any employees during the year. 7 Directors, remuneration The directors received nor waived any remuneration or other benefits during the year. 8 Inde endent examiner's remuneration The independent examiner's remuneration amounts lo an independent examination fee of £850 12022 - £8501 9 Taxation The company is claiming lax exemption to the extent that income andlor gains are applicable and apply to charitable purposes only. 10 Tan ible fixed assets Land and buildings Fixtures and fittings Total Cost Al 1 October 2022 522,264 522,264 101,953 101,953 624.217 624,217 AI 30 September 2023 Depreciation At 1 October 2022 Charge for the year AI 30 September 2023 319,143 20,892 340,035 95,021 1,736 96.757 414.164 22,628 436,792 Net book value AI 30 September 2023 182,229 5,196 187,425 AI 30 September 2022 203,121 6,932 210,053 12
Drumduff & Drumnakill Communit Association Notes to the Financial Statements for the ear ended 30 Se tember 2023 11 Debtors 2023 2022 Trade debtors Other lax and social security costs Prepayments 750 21 250 2,600 23 2.116 4.739 1,021 12 Creditors: amounts fallin due withln one ear 2023 2022 Bank loans, overdrafts and credit cards Trade creditors Accruals 29 388 850 43 12.757 850 1.267 13.650 13 Contin ent liabilities There is a conlingenl liability lo repay all grant monies should they not be distributed under the terms of the various inilialives. The directors do not anlicipale any repayment falling due under the terms on which grants were received. A debenture exists in favour of the Northern Ireland Rural Development Council securing the land and property of the charitable company along with a fixed floating charge over the assets of the charitable company. 14 Restricted funds Flxed asset Net assets funds funds Total funds Balance al 1 October 2022 Surpluslldeficitl for year Transfer between funds 163,522 119,393) 17,422} 136,707 1,100 8,365 13111 7,154 164,622 113.0281 17,733) 143.861 Balance at 30 September 2023 Fixed asset fund The fixed a55et fund is made up of grants received lor the purchase ol plant & machinery. office equipment and improvements to property, less expenditure and depreciation. The breakdown of this fund is as follows.. enin Balance 158,616 373 1,610 900 1,086 937 Closin Balance 132,180 161 1.250 1.029 1,120 967 Income Ex 126,4361 12121 {3601 129 34 30 ense Rural Development Council Slieve Divena- Omagh Forum Slieve Divena- Omagh Forum Slieve Divena- Omagh Forum DAERA Rural Affairs Division Fermanagh & Omagh District Council Balance at 30 September 2023 163,522 26,815 136,707 Nel assets fund The nel assets fund consists of monies receivable al 30 September 2023 and monies held, but not yet spent for restricted purposes. 13
Drumduff & Drumnakill Communit Association Notes to the Financial Statements for the ear ended 30 Se tember 2023 15 Unrestricted funds Desi nated funds Cashflow reserve General Fund Total funds Balance al 1 October 2022 SurpluslldefiCItI for year Transfer between funds 35,932 12,1581 7,733 41,507 20,300 56,232 12.1581 7,733 61.807 Balance at 30 September 2023 20,300 Designated funds have been set aside for the following purposes.. Cashflow reserve to ensure that the company can meet ils debts as they fall due, in the event that payments by funders are delayed or where costs are mel retrospectively. Building fund funds sel aside in respect of anlicipaled capital improvement costs. 16 Anal sis of net assets between funds Restricted income funds General funds Desi nated funds Total funds Tangible fixed assets Investment assets Current assets Current liabilitie5 Amounts falling due after 1 year Balance al 30 September 2023 136,707 42.774 7.944 187,425 7,154 12,356 19,510 11,2671 11,2671 143,861 41,507 20,300 205,668 17 Ultimate controllin The company is limited by guarantee. There is no ultimate controlling paty. 14