Company registration number: N1613923
Charity registration number.. 102172
Bawn Development Association
165 Eglish Road
Dunganon
BT70 ILD
(A company limited by guarantee)
Allnual Report and Financial Statsments
for the Year Ended 31 August 2023
Thomas Oliver and Associates Limited
Certified Public Accountant
l Moygashel Mills Park
Dunga]]non
Co Tyrone
BT717DH

Bawn DevelopmeDt Association
Contents
Reference and Athninistrative Details
Thistees, Report
2to3
tndependent Examinevs Report
4t05
Ststement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statetnents
9t015

Bawn Development Association
Reference and Administrative Details
Chairman
Mr KeDneth Mccammon
Secretary
Mr5 ADnie Marshall
Cbarity Registration Number
102172
Company Registration Number
N1613923
The charity is incorporated in Northern Ireland.
81 Derginagh Road
Dungannon
Co Tyrone
BT70 ITW
Registered Office
Independent Examiner
Thomas Oliver and Associates Limited
Certified Public Accountant
l Moygashel Mills Park
Dungannon
Co Tyrone
BT717DH
Page I

Bawn Development Association
Trustees, Report
The tsustees. who are directors for the purposes of company law, present the annual report together with the
financial statements of the charitable company for the year ended 31 August 2023.
Objectives and aetivities
Public beneflÉ
The association meet on a monthly basis to rnix socially, plan events, rdi5e fimds to provide support and
facilities to ease social isolation. Guest speaker5 provide inforn]ation on health and well being to benefit the
community.
During the year the hall is rented to other organt5ations whicb promote events including carol seTvices,
Christmas parties and quiz nights. This year a party was held Burns Night.
The trustee5 confirn) that they have complied with the requirements of section 4 of the Charities Act (Northern
Ireland) 2008 to have due regard to the public benefit guidance published by the Charity Commission for
Northern treland.
Trnstees and oificers
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
Mrs A[￿le Marshall
Mrs Carol Cardwell
Mr Esdale Lockbart
Mr Trevor Lockbart
Mr Kenneth Mccammon
Mr Leslie McCammoD
Mr KeDlleth Mcca[[￿lon
Secretary:
Mrs Annie Marshall
Structure* governance and management
Financial instrumeDts
Credit rivk
The charity's principal fllwlcial assets are bank balances .
Llquidity rivk
In order to maintain liquidity to ensure that Sufficient funds are available for ongoing operations and future
developments, the charity uses a mixture of long-tenn and short-terni debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial
statements.
Page 2

Bawn Development Association
Trustees, Report
Statement of trustees, responsibilities
The trustees (who are also the directors of Development Association for the purposes of company law)
are responsible for preparing the trnStee5' report and the financial statements in accordance with applicable law
and Unifrd Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare fAnanCI￿ statements for each financial year. Under company law
the trjstees must not approve the financial statements unless they are satisfied that they give a trne and faii view
of the state of affairs of the charitable company and of the incoming resources and application of resources.
including its income and expend1tL￿e. of the charitable company for that period. tn preparing these financial
statements, tbe trustees are required to:
select suitsble accounting policies and apply them consistently.
observe the method5 and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent"
state whether applicable accounting standar(Ls, comprising FRS 102 have been followed, subject to any
material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in busines5.
The t￿SleeS are responsible for keeping proper accountiDg record5 that can disclose with reasonable accuracy at
aIiy time tbe financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act £006. They are also responsible for safeguarding the assets of the ¢haritable
company and hence for taking reasonable steps for the prevention and detectRon of fraud and other iryegularities.
The t￿Ste¢S are responsible for the maintenance and integrity of the corporate and fll]ancial information
included on the charitable companys website. Legislation governing the prepardtion and dissemination of
financial ststemeThts may differ from legislation in other jurisdictions.
The annual report was approved by the trustses of the charity on 22 May 2024 and signed on its behalf by:
Mr Leslie M¢
Trustee
Page 3

Bawn Development Association
Independent Examiner's Report to the trustees of BawD Development Association ('the
Company,)
I report to the charity trustees on my examination of the accounts of the Cotnpany for the year ended 31 August
2023.
Respective r¢spoDsibilities of trustees and examiner
As the charity'5 trustees of Bawn Development Association (and also its directors for tbe purposes of company
law) you are Tesponsible for the prepardtion of the accounts in accordance with the Tequirements of the Charities
Act (Northern treland) 2008.
Having satisfied myself that the accounts of Bawn Development Association are not required to be audited
under section 65 of Charities Act (Northern) Ireland 2008 and that an independent examination is needed. It 15
my responsibility to:_
- examine the accounts under section 65 of the Charities Act
- to follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under Section 65 (9)(b) of the Charities Act
- to state whetheT particular matters have come to my attention
Basi5 of IndepeDdeDt Examiners, Report
I have examined your chaTity accounts as required under section 65 of the ChaTtties Act and my examination
was c￿Tled out in accordance with the general Directions giv¢n by the Charity Commission for Northern Ireland
nder section 65(9)(b) of the Charities Act.
An examination included a review of the accounting records kept by the charÉty and a comparison of the
accounts presented with those records. It also included consideration of any unusual items or dksclosures in the
accounts, and seeking expalnations from the trusfres concerning any such matters.. I confun] that no matter5
have come to my attention in connection with the examination giving cause to believe:
l. That accounting records were not kept in respect of Bawn Development Association as requir¢d by section
63 of the Charities Act; or
2. That the accounts do not accord with those records. or
3. That the accounts do not comply with the accounting requirements of the Charities Act.
4. That there is further infomiation needed for a proper understanding of the accounts tobe reached.
Page 4

Bawn Developmellt Association
Independent Examiner's Report to the trustees of Baivn Development Association ('the
Company,)
Independent Examiner'5 StstemeDt
I have completed my examination and have no concerns in respect of the matter (l) to (4) listed above and In
connections with the following directions of the Charity Con)Jnission for Northern Irel8niL I have found no
matters that require drawing to your attention
Thomas Oliver and A.ssuciates Limited
Certified Public Accountant
l Moygashel Mills Park
Dungannon
Co T)ryone
BT717DH
22 May 2024
Page 5

Bawn Development Association
Statement of Financial Activities for the Year Ended 31 August 2023
Oncluding Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
Restricted
fullds
Total
2023
Note
Income and Endowments from:
Donations and legacies
Other trading activities
2,375
1,206
10.000
12,375
1,206
Total income
3,581
10,000
13,581
Expenditure on:
Raising fimds
Other expenditure
Total expenditure
(1,063)
(3,292)
(1,063)
(3,292)
(4,355)
(4,355)
Net (expenditLJreyincom¢
(774)
10,000
9,226
Net movement in funds
(774)
10,000
9,226
Reeonciliation of funds
Total fimds brought fonvard
Total fimds carried forward
41,407
41,407
12
40,633
Unrestricted
nds
10,000
Restrieted
fund5
50.633
Totsl
2022
Nots
Income and Endowments from:
Donations and legacies
Other trading activities
Total income
12,840
1,360
2.723
15,563
1,360
14,200
2,723
16,923
Expenditure on..
Raising fimds
Other expenditure
(138)
(2,232)
(138)
(4,955)
2,723)
Total expenditure
(2,370)
(2,723)
(5,093)
Net incon]e
11,830
11.830
Net movement in fimds
11,830
11,830
Reconciliation of funds
Total funds brought forward
29,577
29.577
Total funds carried forward
12
41,407
41,407
All of the charity's activities derive frotn continuing operations during the above two periods.
The funds breakdown for 2022 is shown in note 12.
The notes on pages 9 to 15 forn] an integrnl part of these financial statements.
Page 6

Bawn Development Association
(Registration number: N1613923)
Balance Sheet as at 31 Allgust 2023
2023
2022
Note
Fixed assets
Tangible assets
39,293
38,990
Current assets
Debtors
Cash at bank and in hand
742
10,928
691
2,056
io
11,670
2,747
Creditors: Amounts falling due within one year
Net Current assets
(330)
(330)
11.340
2,417
Net assets
50,633
41.407
Funds of the cbarity..
Restricted income fullds
Restricted fi￿dS
10,000
Unrestricted income fund5
Unrestricted funds
40,633
41,407
Total funds
12
50,633
41,407
For tbe fmancial year ending 31 August 2023 the charity was entitled to exemption from audit under sertion 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the charity to obtsin an audit of its accounts for the year in question in
accordance with section 476. and
The directors acknowledge their Tesponsibilities for con]plying with the requirements of the Act with respect
to accounting record5 and the preparation of accounts.
The fmancial ststements on pages 6 to 15 were approved by the trustees, and authorised for issue on 22 May
2024 and signed on tbeir behalf by:
Mr Trevor Lockhart
Trustee
Mr Leslie Mc
Trustee
on
The notes on pages 9 to 15 forn] an integral part of these financial stafrments.
Page 7

Bawn Development Association
Statement of Cash Flows for the Year Ended 31 August 2023
2023
2022
Note
Cash llows from operating activities
Net c&sh income
9,226
11,830
Working capital adjustments
Increase in debtors
Decre&se in creditors
(51)
(294)
(270
Net cash flows from operating activities
Cash flows from investing activities
Purchase of tangible fixed &ssets
9,175
11,266
(303)
Cash flows from financing activities
Repayment of loans and borrowings
Net increase in cash and cash equivalents
Cash and c&8b equivalents at I September
Cash and wh equivalents at 31 August
(10,310)
8,872
956
2,056
I,ioo
10,928
2,056
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 9 to 15 forni an integral part of these financial statements.
Page 8

Bawn DevelopzDent Association
Notes to the Financial Statemellts for the Year Ended 31 August 2023
I Charity ststus
The charity is limited by guarantee, incorporated in Northern Irelan( and conseqllelltty does not have share
capital. Each of the trnstee5 15 liable to contribute an amount not exceeding £1 towards the assets of the charity
in the event of liquidation.
The address of its registered office is:
8 l Derginagh Road
Dungannon
Co T)Tone
BT70 ITW
These financial statements were authorised for issue by the trustee5 on 22 May 2024.
2 Accounting polities
Summary of significant accoullting policies and key accounting estimates
The principal accounting policie5 applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all the years presente(L unless otherwise state(L
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Irelalld (FRS 102)) (i55ued in October 2019)
- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable the UK and Republic of Jreland
(FRS 102) and the Companics Act 2006.
Basis of preparation
Bawn Development As50¢iation meets the defjnition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otberwise ststed in the relevant
accounting poEicy notes.
Going concern
The trustses consider that there are no material uncertainties about the charity's ability to continue as a going
concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recogDÈsed once the charity b&$ entitlement to the income, it is prob3ble that the income will be
received and the amount of tbe incon]e receivable can be measured reliably.
Donadons and legacie
Donations are recognised when the charity has been notified in WTiting of both the amount and settlement date.
In the event that a donation is subject to conditions that require a level of perforniallce by the charity before the
charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fijlly
meL or the fulfi]ment of those conditions is wholly within tbe control of the charity and it 15 probable that these
conditions will bc fulfllled in the reporting period.
Page 9

Bawn Development Association
Notes to the Financial Statements for the Year Ended 31 August 2023
Grants Teteivable
Grants are recognised when the charity has an entitlement to the fi￿dS and any conditions linked to the grants
have been met. Where perforn]ance conditions are attached to the grant and are yet to b¢ met, the income is
Tecognised as a liability and included on the balance sheet as defend income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with central staff
osts allocated on the basis of tlme spenL and depreciation chatges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Raisingfvnds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in
trading activities that rnise fi]nds.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent
with tbe use of resources, for example, allocating propety costs by floor areas. or per capit4 staff costs by the
time spent and other costs by their usage.
Taxation
The charity is considered to pass tbe tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it llkeets the defmition of a charitable company for tTK corporntion tax purpose5. Accordingly, the
charity is potentially exempt from taxation in respect of income or capitsl gains received within categories
covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992. to the extent tbat such income or gains are applied exclusively to charitable purposes.
Tangible r￿ed assets
Individual fixed assets costing £100.00 or more are initially recorded at cost.
Cash and cash equivalents
Casb and cash equivalents comprise cash on hand and call deposits, and other short-term highIy liquid
investments that are readily convertible to a known amount of cash and Subject to an insignificant risk of
chang¢ in value.
Trade creditors
Trade creditors are obligations to pay for good5 or Services that have been acquired in the ordinary COUTse of
business from suppliers. Accounts payable are classified as current liabilities if the charity does not have a
unconditional right, at the end of the reporting period. to defer settlement of the Creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least iwelve months
after the reporting date, they are presented &s non-curreTht liabilities.
Trade creditors are recognised initially at the transaction price and subsequently rnea5ured at amortised cost
using the effective interest method.
Page 10

Bawn Development Association
Notes to the Financial Statements for the Year Ended 31 Augllst 2023
Borrowings
Interest-bearing borrowings are initialty recorded at fair value, net of trdnsaction costs. Interest-bearing
borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of
transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial
Activities over tbe period of the relevant borrowing.
Interest expense i5 recognised on the basis of the effective interest method and is included in interest payable
and similar charges.
Borrowings are classified as current Iiabilities unless tbe chatity has an UllCODditional nght to defer settlement of
the liability for at least twelve months after the reporting dats.
Fund structure
UDTestricted income funds are general funds that are available for ￿e at the trustees discretion in furtherdnce of
the objectives of the charity.
Restricted income fund5 are those donated for use in a particular area or for specific puryoses, the use of which
is restricted to that area or purpose.
FinaDcial instruments
c1￿$1[aCatIOn
Financial assets and financial liabilities are recognised when the charity b¢comes a party to the contrdctual
provisions of the instnunent.
Financial liabilities and equity in5tnllnents are classified according to the substance of the contrdctual
arrangements entered into. An equity instrument is any contract that evidences a resithial interest in the assets of
the clwity after d¢ductillg all of its liabilities.
Recognidon and meoyuremenl
All fmancial assets and liabilitie5 are initially me&sured at transaction price (including transaction costs). except
for those financial &ssets classified as at fair value througb profit or loss, which are initially measured at fair
value (which is norn]ally the transaction price excluding transaction costs), unle55 the amngement conSti￿teS a
financing transaction. If an arrdngement constitlltes a financing trallsacti0￿ the fmancial &8set or financial
liability is measured at the present value of the future payments discounted at a market rats of interest for a
similar debt instrument.
Financial &8sets and ]iabilitie5 are only offset in the statement of fllwicial position when, and only when there
exists a legally enforceable rigbt to set off the recogThi5ed amounts and the charity intends either to settle on a
net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the c&sh flows from the
fmancial asset expire or are settle4 b) the charity transfer5 to another paty substantially all of the risks and
rewards of ownership of the financial asset, or c) the charity, despite havillg retained Some. but not all,
significant risks and rewards of oThDership, bas trdnsferred control of the asset to another paty.
Financial liabilities are derecognised only when the obligation specified in th¢ contract is discharge¢ cancelled
or expires.
Pagell

Bawn Development Association
Notes to the Financial Statements for the Year Ended 31 August 2023
3 Income from donations and legacies
Unrestricted
funds
General
Restricted
funds
Total
funds
Grants, including capitsl grants"
Grants from other cEwities
2,375
10,000
12,375
Total for 2023
2,375
io,000
12,375
Total for 2022
12,840
2,723
15,563
4 Income from other tradRng activities
Unrestrictsd
funds
General
Total
funds
Propety rental income
1,206
1,206
Total for 2023
1,206
1,206
Totsi for 2022
1,360
1,360
S Trustees remuneration aDd expen5&S
No tNstees, nor any persons connectsd with them, have received any remuneration from the charity during the
year.
No truste¢s have received any reimbursed expenses or any other benefits frotu the charity during th¢ year.
6 1udependeDt examiner's remuneration
2023
2022
Examination of the financial statements
330
330
Pag¢ 12

Bawn Development Association
Notes to the Financial Statements for the Year Ended 31 August 2023
7 Taxation
The chaTity 15 a registered charity and is therefore exempt from taxation.
8 Tangffible fixed assets
Land and
buildings
Furniture and
equipment
Total
Cost
At I September 2022
Additions
38.202
788
303
38,990
303
At 31 August 2023
38,202
1,091
39,293
Depreciation
At 31 August 2023
Net book value
At 31 August 2023
38.202
1.091
39,293
At 31 August 2022
38,202
788
38,990
9 Debtors
2023
2022
Prepayments
742
691
10 Cash and &8sh equivalents
2023
2022
Cash at bank
10,928
2,056
I I Creditors: amounts falling due within one year
2023
2022
Accruals
330
330
Page 13

Bawn Development Association
Notes to the Financial Statements for the Year Ended 31 August 2023
12 Funds
Balance 2t I
September
2022
Incoming
resources
Resources
expended
Balance at 31
August 2023
Unrestricted funds
General
41,407
3,581
(4,355)
40.633
Restricted funds
10,000
10,000
Total funds
41,407
13,581
(4,355
50,633
Balallce at I
September
2021
Incoming
resources
Resources
expended
Balance at 31
August 2022
Unrestrieted funds
General
29,577
14,200
(2.370)
41,407
Restricted fiinds
2,723
(2,723)
Totsi funds
29,577
16,923
(5,093
41.407
13 Analysis of net assets between funds
Unrestricted
runds
General
Total funds at
31 August
2023
Tangible fixed assets
Current assets
Current liabilities
39,293
11,670
(330)
50,633
39,293
11,670
(330)
50,633
Total net assets
Unro8tricted
funds
General
Total funds at
31 August
2022
Tangible fixed assets
Current &8sets
Cu￿ent liabilities
38,990
2,747
(330)
38,990
2,747
(330)
41,407
Total net assets
41.407
Page 14

Bawn Development Association
Notes to the Financial Statements for the Year Ended 31 August 2023
14 Analysis of net funds
Atl
September
2022
At 31 August
2023
C&sh at bank and in hand
2,056
2,056
Net debt
2.056
2.056
Atl
September
2021
Financing cash At 31 August
flows
2022
Cash at bank and in Iland
I,ioo
956
2,056
Net debt
I,ioo
956
2.056
Page 15