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 un￿rtainty 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