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 2024

Drumduff & Drumnakill Communit Association
Re
ort and financial statements
Contents
Page
Company information
Directors, report
Independent examiner's report to the directors
Statement of financial activities
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
Carmel Mullin
Patricia Owens
Bridget Blackwell
Elaine Conway
Shirley Rocks
Hannah Dillon
Gerry Colton (resigned 1 October 20241
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 1BH

Drumduff & Drumnakill Communit Association
Directors, Re
ort for the
ear ended 30 Se
tember 2024
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 2024.
The financial statements 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 102) (effective 1 January 2015).
Trustees of the charlty
The truslees, who are also directors for the purpose of company law and who seNed during the
year end and up to the date of this report are as follows..
Bernadette McElduff (Secretsry)
Patrick Ward
Breige Kelly
Hugh Owens
Mark Kelly
Kathleen Ward
Gerry Colton (resigned 1 October 2024)
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.
Objectlves and Actlvities
Objectives
Drumduff and Drumnakilly Communily 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 skills and
knowledge through our education programme. Through this trustees gain skills which are
transferable to other settings. These benefils 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 thus enhancing their
employability and promotion prospects. Other benefits flowing from 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
awareness 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-to-face conlact and their interest in getting
involved in future health related activities. and

Drumduff & Drumnakill Communi
Association
Directors, Re
ort for the
ear ended 30 Se
tember 2024
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 at 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 Ireland) 2008 to have regard to 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
2024.
Achievements and Performance
The charitable company continues to receive funding from local bodies and utilises these funds to
run events through the course of the year. During the year the charitable company continued to
meet its performance objectives to benefit the local community.
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 deficit of resources for the year of £34,670
{2023- net outgoing resources of £5,526).
At 30 September 2024, the total funds of the charitable company amounted to £180,658 {2023
£215,328) comprising restricted funds of £113,490 and unrestricted funds of £67,168 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 2024
Reserves Policy
While funding for the charity's core activities is secured until 2025, the charity needs to establish a
reserves policy to have sufficient cash reseNes should the company experience cash flow problems
or costs involved in any potential wind up of the company.
It is iecommended 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
The long term aim remains to maintain the level of funding from existing funders while accessing
new funders. The charity also aim to incrase self generated income by increasings income from
rental of premises to third parties.
Structure, governance and management
Drumduff & Drumnakilly Community Association is a company limited by guarantee with charitable
status, incorporated on the 1st 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 to provide reasonable assurance,
but not absolute assurance against material misstatement 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 lo 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.
Company law requires the directors 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 to:

Drumduff & Drumnakill Communi
Association
Directors, Re
ort for the
ear ended 30 Se
tember 2024
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state 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 il 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 to 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 9 June 2025 and signed on its behalf.
Bcrnadette 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 2024
We report on the financial statements of the company for the year ended 30 September 2024 which are set
out on pages 7 to 15.
Respective Responsibllities 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 lo..
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 65191{b) of the Charities Act (Northern Ireland) 2008., and
state whether particular matters have come to our attention
Basis of Independent Examlner'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(9)Ib) 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 wilh section 386 of the Companies Act 2006., or
that the accounts do not accord with those accounting records., or
that the accounts do nol 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 UK and Republic of I reland., 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.
FMC Accountants
Chartered Accountants and Statutory Auditors
34 Market Street, strabane, Co. Tyrone, BT82 8BH.
9 June 2025

Drumduff & Drumnakill Communi
Association
Statement of financial activities
incor
oratin
the income and ex
for the
ear ended 30 Se
tember 2024
enditure account
Notes
Unrestricted Restricted
funds
funds
2024
2023
Incoming resources from charitable activities
5,257
5.257
20,901
Incoming resources from generating funds..
Donations and legacies
Trading income
4,692
6,868
4,692
6.868
8,019
3,994
Total In¢oming resources
11,560
5,257
16.817
32,914
Resour¢es expended
Charitable activities
11,598
39,039
50.637
37.590
Governan￿ costs
850
850
850
Total resources expended
12,448
39.039
51,487
38.440
Net incomingl{outgoingl resources before transfers
18881
133,782}
(34,670)
15,5261
Transfers be￿een funds
6,249
-16,249)_
Nel incominglloutgoingl resources for the year
5,361
140.031)
{34,6701
(5,5261
Total funds brought foNard
61,807
153,521
215,328
220,854
Total funds carried forward
67,168
133.490
180,658
215,328
The charity has no recognised gains or losses other than those shown in the Statement oi financial activities in the above
financial period and there have been no discontinued activities or acquisitions in this period.
The notes on pages 9 to 14 fomi an integral part ol these financial statements.

Drumduff & Drumnakill Communi
Statement of Financial Position
asat30Se
tember 2024
Association
Notes
2024
2023
Fixed assets
Tangible assets
10
166,950
187,425
Current assets
Debtors
Cash at bank and in hand
11
4,441
12,876
17,317
10,681
18,489
29,170
Creditors: amounts falling due within
one year
12
(3,609)
1,267)
Net current assets
13,708
27,903
Net assets
180,658
215,328
Funds
Restricted funds
General funds
Designated funds
14
15
15
113,490
46,868
20,300
153,521
41,507
20,300
Shareholders, funds
180,658
215,328
For the year ended 30 September 2024 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 ils account5 for the year ended 30
September 2024 in accordance with seclion 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.
// iJa
Bernadette McElduff
Director
Kathleen Ward
Director
Approved by the board on 9 June 2025
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 Statement5
for the
ear ended 30 Se
tember 2024
Association
Accountin
olicies
The principal accounting policies adopted. judgements and key sourGes of estimation uncertainty in
the preparation of the financial statements are as follows..
al Basis olpreparation
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Slalemenl of Recommended Practice applicable to charities preparing their acGounls in
accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland
IFRS 1021 {effecliv& 1 January 2015} - (Charities SORP IFRS 10211, the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Drumdufl & Drumnakilly Community Association meets the definition of a public benefit entity as
efined by FRS 102. Assets and liabilities are initially recognised al historical cost or transaction
value unless olheNise slated in the relevant accounting policy notes.
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 Rcconclllatlon wlth prevlous Generally Accepted Accountlng Practlce
In preparing the accounts. the trustees have considered whether in applying the accounting policies
required by FRS 102 and the Charities SORP FRS 102 the reslalemenl ol comparative item5 was
required.
cl Preparation of the accounts on a golng concern basls
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 10 18 months and that on this basis the
charity is a going concern.
The charity has Significant rese￿eS in place to provide services and maintain charity obj8ctiv8s.
The uncertain economic outlook and continued competition from other charities for funding is a
significant area of financial uncertainly which the directors have miligaled by remaining In regular
onlact with local authorities and funders to secure their ongoing financial support and grant
funding.
dl Incomlng resources
All incoming resourGe5 are in¢luded in the slalement of financial activities when the charity is
enlilled lo Ihe income and the amount ¢an be quantified with rèasonable accuracy. The following
specific policies are applied lo particular categories ol income..
Voluntary income is received by way of grants, donations and gifts and is inc5uded in full in the
slalernenl of financial activities when the charity is legally enlilled lo the income and the amount
can be quantified with reasonable accuracy.
Grants lor the purpose of capital expenditure Is Included in full in the statement of financial
activities when the charity is legally enlilled to the income and the 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 lo make a payment to a
third party, it Is probable that selllement will be required and the amount of the obligation can be
measured reliably. Expenditure is classified under the following activity headings..
Costs ol charitable activities includes the costs of training pro9rammes delivered. commercial
trading and other educational activities undertaken to further the purposes of the charity and Iheir
associated support costs.
Governance costs represents those items required to audit and report on the charity activities.

Drumduff & Drurnnakill Communi
Notes to the Financial Statements
for the
ear ended 30 Se
tember 2024
Association
n Fund accounting
The Charity has types of funds for which il is responsible..
11} Unrestricted funds the unrestricted fund is under the control of the Board of Directors, to be
used in the furtherance of the objectives of the charity.
12} Reslricled fund5 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 unrestrided or restricted funds of the charity which the directors have
decided at their discretion to set aside to use for a specific purpose.
gl Tangible fixed assets
Individual fixed assets costing in excess of £1,000 are capitali5ed al cost and are depreciated over
their estimated useful economic lives.
h) Depreciation
Depreciation has been provided al the following rates in order to write off the assets over their
eslimaled useful lives.
Land and propety
Fixtures and fittings
4Q/o Straight line
25Q/o reducing balance
il Investments
Fixed asset investments are valued al their market value.
Il Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Piepayments are valued at the amount prepaid net of any trade discounts due.
k) 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 date of acquisition or opening of the deposit or similar
account.
11 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from
past event that will probably result in the transfer of funds to a third paty and the amount due lo
sellle the obligation can be measured or eslimaled reliably. Creditors and provisions are nomially
recognised at their settlement amount after allowing for any trade discounts due.
ml Transactions In forelgn currencies
Transactions in foreign currencies are recorded at the rale ruling at the dale of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated al the rate of
exchange Nling at the balance sheet dale. All differences are taken to the profil and loss account.
ol Grant income
Income from government and other grants are recognised at fair value when the charity has
entitlement after any perforFnance conditions have been mel. it is probable that the income will be
received and the amount can be measured reliably. If entitlement is not met then these amounts
are deferred.
p) Taxation
As a charity, the charitable company is not liable to Corporation Tax.
10

Drumduff & Drumnakill Communit Association
Notes to the Financial Statements
for the
ear ended 30 Se
tember 2024
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 Incomin
resources
Unrestricted Restricted
funds
funds
2024
2023
Income from charitable activities
Fermanagh & Omagh District Council
Slieve Divena Community Fund (Omagh Forum)
Slieve Divena Community Fund (Greencoat UK Windl
DAERA Rural Affairs Division
Arts Council of Northern Ireland
Awards for All (National Lottery)
2,690
2,690
775
750
2,000
1,312
6,404
9,660
20,901
1,999
568
1,999
568
Income from donations and le
Bazaar and lestivals
Draw5
Sponsorship (Fermanagh & Omagh DC)
Sponsorship and donations
Interest received
acies
4,140
4.140
4,716
3.082
221
550
550
4,692
8.019
Income from tradin
Fitness suite rent
Hall and computer suite rent
NIEIROCS
Other courses
Parent and toddler group
Summer scheme
activities
1,625
2,247
1,486
885
275
350
1,625
2.247
1.486
885
275
350
25
2,076
1,363
460
70
6,868
6,868
3.994
4 Anal
sis of ex
enditure on charitable activities
Unrestrlcted
funds
Restricted
funds
2024
2023
Bazaar
Equipment expensed
Project expenses
Draw prizes
Youth club and parent & toddler
Hospitalily and catering
Course expenses
Event and excursion expenses
Light and heal
Insurance
Office costs
Telephone and internet
Repairs and maintenance
Property and water rates
Bank interest and charges
Sundry
Depreciation
1,019
1.019
160
8.479
1,039
1.335
750
1.500
22
160
8.479
995
1,793
3.710
1.062
1,742
995
1,793
3.710
1,062
4.779
1,705
131
747
2.358
136
194
514
22,855
50,637
3,037
1,705
131
747
978
136
194
514
3.137
11.598
3.097
1.944
485
585
3,490
177
337
201
22,628
37,590
1,380
19,718
39,039

Drumduff & Drumnakill Communi
Notes to the Financial Statements
for the
ear ended 30 Se
tember 2024
Association
5 Governance costs
Unrestricted Restricted
funds
funds
2024
2023
Independent examiner remuneration
850
850
850
850
850
850
6 Staff costs and em
lo ee benefits
The charitable company did not have any employees during the year.
7 Dlrectors. remuneratlon
The directors received nor waived any remuneration or other benefils during the year.
8 Indo
endent examlnerfs remuneratlon
The independent examiners remuneration amounts to an independent examinalion fee of £850
{2023- £850)
9 Taxatlon
The company is claiming tax exemption to the extent that income andlor gains are applicable and
apply to charitable purposes only.
10 Tan
Ible flxed a
se
Land and
bulldlngs
Flxturos
nd fitt5ngs
Totsl
C05t
At 1 October 2023
Additions
522.264
101.953
2.380
104 333
624.217
2.380
626,597
At 30 September 2024
522.264
Dopreclatlon
At 1 October 2023
Charge for the year
At 30 September 2024
340,035
20,892
360,927
96.757
1.963
98,720
436,792
22,855
459,647
Net book value
At 30 September 2024
161.337
5.613
166,950
AI 30 September 2023
182.229
5.196
187.425
11 Debtors
2024
2023
Trade debtors
Olher tax and social security costs
Prepayments
4.203
10,410
21
250
234
4.441
10,681
12

Drumduff & Drumnakill Communit Association
Notes to the Financial Statements
for the
ear ended 30 Se
tember 2024
12 Creditors: amounts fallin
due within one
ear
2024
2023
Bank loans, overdrafts and credit cards
Trade creditors
Accruals
81
2,678
850
29
388
850
1.267
3,609
13 Contln
ent liabilitles
There is a conlingenl liability lo repay all grant monies should they not be distributed under Ihe
terms ol the various inilialives. The directors do not anticipate 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
charilable company.
14 Restricted funds
Flxed asset Net asset
funds
lunds
Total
funds
Balar)ce al 1 October 2023
Surpluslldelicill for year
Transfer be￿een funds
136.707
{19,7181
15.7021
111,287
16,814
114,064}
{5471
2.203
153.521
133,7821
(6,2491_
113,490
Balance at 30 September 2024
Fixed
se
fund
The fixed asset fund is made up of grants funded plant & machinery, office equipment and
improvements to property, less expenditure and depreciation, where the funding terms have not
expired. The breakdown of this fund is as follow5..
enln
Balance
132,180
161
1,250
1,029
1,120
967
Closln
alance
105.744
Income
ense
126,4361
1161)
1250)
1229)
1206)
1178)
13401
27.800
Rural Development Council
Slieve Divena - Omagh Forum
Slieve Divena- Omagh Forum
Slieve Divena- Omagh Forum
DAERA Rural Affairs Division
Fermanagh & Omagh District Council
DAERA Rural Affairs Division
1,000
800
914
789
2,040
2,380
Balance al 30 September 2023
136,707
2,380
111,287
13

Drumduff & Drumnakill Communit Association
Notes to the Financial Statements
for the
ear ended 30 Se tember 2024
Net assets fund
The nel assets fund consists of monies receivable at 30 September 2024 and monies held, but not
yet spent for restricted purposes.
Tran
eenr
slricted funds
Transfers befv¢een restricted funds and unreslricled funds are completed lo account for.,
variations in depreciation amount of assets reflecting the difference between the amount
allribulable to the period of the reslriclion and the lolal depreciation period of the assèt
liming variations between expenditure of grant income and funding receipt.
nr
15 Unrestricted funds
Desl
funds
Cashflow
reserve
General
Fund
Total
funds
Balance 811 October 2023
surpluslld6ficill for year
Transfer belmeen funds
41,507
{888)
6,249
46.868
20,300
61.807
18881
6,249
67,168
Balance at 30 Sèptember 2024
20,300
Designated lund5 have been set aside for the following purposes..
Ca5hllow reserve - lo ensure that the company can meet ils debts as they fall due, in the event that
payments by funders are delayed or whore costs are mel relrospeclively.
16 Anal sls o
ne
ts between funds
Restricted
Income
funds
General
funds
Desl
funds
Total
funds
Tangible fixed assets
Current assets
Current liabilities
111,287
4.202
(1.9991
113,490
48,478
7,185
13,115
166,950
17,317
.11,610)_
46.868
Balance at 30 September 2024
20.300
180,658
17 Ultlmate conlrollln
The company is limited by guarantee. There is no ultimate Gontrolling party.
14