Derry & Raphoe Action Limited
Trustees' report and financial statements
for the year ended 31 December 2025
Registration number: NI048102 Northern Ireland Charity number: NIC102476
McFarland Arnold & Co Chartered Accountants
Derry & Raphoe Action Limited (Company limited by guarantee)
|
Contents
for the year ended 31 December 2025
| Page | ||
|---|---|---|
| Legal and administrative information | 1 | |
| Trustees report | 2-3 | |
| . | ||
| Accountants' report to the trustees | 4 | |
| Statement offinancial activities | 5 | |
| Balance sheet | 6-7 | |
| Notestothefinancialstatements | 8-16 |
Derry & Raphoe Action Limited (Company limited by guarantee)
Legal and administrative information for the year ended 31 December 2025
Legal status
The company is a private limited company, limited by guarantee, which was incorporated on 3 October 2003 under the Companies (Northern Ireland) Order 1986 and the Companies Act 2006, under Registration Number NI048102. It is also recognised as a charity by HM Revenue and Customs under Reference Number XR83440. The company is a registered charity with the Charity Commission for Northern Ireland since 8 June 2015 under registration number NIC 102476.
| Trustees | Kate Allison (resigned 8 January 2026) |
|---|---|
| David Bradley | |
| Richard Campbell | |
| David Clarke | |
| Trevor Donnell | |
| David Dunbar | |
| Colin Hamilton | |
| Robert Hill | |
| David Mitchell | |
| Ruth Monteith | |
| Company number | N1048102 |
| CCNI Charity number | NIC102476 |
| Registered office | The Somme Memorial Hall |
| 3 Douglas Road | |
| Newtownstewart | |
| Co Tyrone | |
| BT78 4NE | |
| Accountants | McFarland Arnold & Co |
| 8 Main Street | |
| Newtownstewart | |
| Co Tyrone | |
| Business address | The Somme Memorial Hall |
| 3 Douglas Road | |
| Newtownstewart | |
| Co Tyrone | |
| BT78 4NE | |
| Bankers | Danske Bank |
| Business Branch | |
| Donegall Square West | |
| Belfast |
Page I
Derry & Raphoe Action Limited (Company limited by guarantee)
Trustees’ report for the year ended 31 December 2025
The trustees present their report and the financial statements for the year ended 31 December 2025.
Directors
Officers of the company, known as directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page | of the financial statements.
Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up.
Charitable objects
Derry & Raphoe Action Limited was set up under the supervision of the Church of Ireland, and in particular the Derry & Raphoe Diocese. The object of the company is to promote the regeneration of the area, in particular ensuring that the marginalised communities within the counties of Londonderry, Tyrone and Donegal play their full role in the overall regeneration and in cross border activities, through promotion and development of social and cultural identity, advancement of education and provision of recreational and other activities in interests of social welfare.
Derry & Raphoe Action Limited is a registered charity with the Charity Commission for Northern Ireland since 8 June 2015, under registration number NIC 102476.
Organisational structure
The trustees meet regularly, administer the company and make all policy decisions. A development officer is employed to co-ordinate activities and manage the day-to-day running of the company.
Review of activities and achievements
The results reflect the activities carried on within the charitable company during the year. The trustees are pleased with the level of community development activities carried on during that year and the grant funding achieved.
During the year ended 31 December 2025 the charitable company secured funding from the Ulster Scots Agency towards the community impact plan. In addition the charitable company also secured funding from Derry City and Strabane District Council, Arts Council NI, DAERA, Irish Government, SSE Renewables, Fermanagh & Omagh District Council and National Lottery Community Fund to provide cultural development, educational workshops and for various community festivals.
Going concern
The Trustees are confident that further funding will be secured from the Ulster Scots Agency to continue with the community impact plan and are therefore satisfied that it is appropriate for the financial statements to be prepared on the going concern basis.
Reserves
The results for the period are set out on page 5 of the financial statements. The purpose of the funds are outlined in the notes to the financial statements.
Page 2
Derry & Raphoe Action Limited (Company limited by guarantee)
Trustees' report for the year ended 31 December 2025
Statement of trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and regulations.
Company law and charity law requires the Trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including ‘Accounting and Reporting by Charities: Statement of Recommended Practice’ (FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that year. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate 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 company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Accountants
The trustees recommend that McFarland Arnold & Co remain in office until further notice.
Special provisions relating to small companies
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
This report was approved by the trusteeson ([& Merrett, Jo2G and signed on its behalf by
Signature:
Rand Bsodsor
Name (in block capitals): DAVID Gun BAR,
Trustee
Page 3
Derry & Raphoe Action Limited (Company limited by guarantee)
Independent examiner's report on the unaudited financial statements to the trustees of Derry & Raphoe Action Limited for the year ended 31 December 2025
We report on the financial statements of Derry & Raphoe Action Limited for the year ended 31 December 2025 which are set out on pages | to 16.
Respective responsibilities of trustees and examiner
As described in the statement of trustees’ responsibilities the company's trustees (who also act as directors for the charitable activities of Derry & Raphoe Action Limited) are responsible for the preparation of the financial statements in accordance with the Companies Act 2006 and with the Charities Act (Northern Ireland) 2008.
It is our responsibility to:- examine the financial statements under section 65 of the Charities Act - follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act
- state whether particular matters have come to our attention.
Basis of independent examiner's report
We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. Our examination included a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also included consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as charity trustees concerning any such matters.
Our role is to state whether any material matters have come to our attention giving us cause to believe:
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That accounting records were not kept in accordance with section 63 of the Charities Act
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That the financial statements do not accord with those accounting records
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That the financial statements do not comply with the accounting requirements of the Charities Act
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4, That there is further information needed for a proper understanding of the financial statements to be reached.
Independent examiner's statement
We have completed our examination and have no concerns in respect of the matters (1) to (4) 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.
Chartered Accountants
Date: . I Marcha Qa he
McFarland Arnold & Co
Chartered Accountants 8 Main Street
Newtownstewart Co Tyrone
Page 4
Derry & Raphoe Action Limited (Company limited by guarantee)
Statement of financial activities (including Income and Expenditure account) for the year ended 31 December 2025
| Unrestricted | Restricted | 2025 | 2024 | |
|---|---|---|---|---|
| funds | funds | Total | Total | |
| £ | £ | £ | £ | |
| Incoming resources | ||||
| Donations | 1,358 | - | 1,358 | 1,145 |
| Charity cash collections | 1,000 | - | [,000 | - |
| Grants | - | 147,117 | 147,117 | 122,450 |
| Investment income | 378 | - | 378 | 319 |
| Other income | 812 | - | 812 | 2,358 |
| Total incoming resources | 3,548 | 147,117 | 150,665 | 126,272 |
| Resources expended | ||||
| Staffcosts | 35,757 | - | 35,757 | 39,603 |
| Advertising | 600 | - | 600 | 1,200 |
| Rent and rates | 6,195 | - | 6,195 | 7,467 |
| Insurance | 502 | - | 502 | 479 |
| Light and heat | 2,706 | - | 2,706 | 2,223 |
| Somme memorial hall repairs | 29,977 | - | 29,977 | 6,432 |
| Printing, postage and stationery | 1,240 | - | 1,240 | 1,260 |
| Telephone | 921 | - | 921 | 1,167 |
| Computer costs | 55 | - | 55 | 188 |
| Somme memorial hall equipment | 2,506 | - | 2,506 | 4,037 |
| Donations made to charity | 1,000 | 1,000 | - | |
| Travelling | 764 | - | 764 | 1,052 |
| Community festivals and workshops | 67,529 | - | 67,529 | 52,511 |
| Consultancy fees | - | - | - | 4,085 |
| Accountancy fees | 2,296 | - | 2,296 | 2,346 |
| General expenses | 851 | - | 851 | 153 |
| Cleaning | 780 | - | 780 | 390 |
| Depreciation and amortisation | 6,582 | - | 6,582 | 8,524 |
| Interest and charges | 110 | - | 110 | 122 |
| Total resources expended | (160,371) | - | (160,371) | (133,239) |
| Net incoming resources before transfers | (156,823) | 147,117 | (9,706) | (6,967) |
| Transfers between funds | 158,480 | (158,480) | - | - |
| Net movement in funds | 1,657 | (11,363) | (9,706) | (6,967) |
| Total funds brought forward | 16,031 | 72,770 | 88,801 | 95,768 |
| Totalfundscarriedforward | 17,688 | 61,407 | 79,095 | 88,801 |
The notes on pages 8 to 16 form an integral part of these financial statements
Page 5
Derry & Raphoe Action Limited (Company limited by guarantee)
Balance sheet
as at 31 December 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 7 | 34,815 | 41,397 | ||
| Current assets | |||||
| Debtors | 8 | 4,258 | 7,176 | ||
| Cash at bank and in hand | 45,594 | 42,635 | |||
| 49,852 | 49,811 | ||||
| Creditors: amounts falling | |||||
| due within one year | 9 | (5,572) | (2,407) | ||
| Net current assets | 44,280 | 47,404 | |||
| Net assets | 79,095 | 88,801 | |||
| Funds | |||||
| Unrestricted funds | 10 | 17,688 | 16,031 | ||
| Restricted funds | 1 | 61,407 | 72,770 | ||
| 79,095 | 88,801 |
The company is registered as a private limited company in Northern Ireland under Registration Number NI048102.
The trustees’ statements required by Section 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.
The notes on pages 8 to 16 form an integral part of these financial statements
Page 6
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Derry & Raphoe Action Limited (Company limited by guarantee)
Balance sheet (continued)
Trustees' statements required by Section 475 (2) and (3) for the year ended 31 December 2025
In approving these financial statements as trustees of the charitable company we hereby confirm:
(a) that for the year stated above the charitable company was entitled to the exemption conferred by Section 477 of the Companies Act 2006
(b) that no notice has been deposited at the registered office of the charitable company pursuant to Section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 December 2025 and
(c) that we acknowledge our responsibilities for:
(1) ensuring that the charitable company keeps accounting records which comply with Section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its surplus or deficit for the year then ended in accordance with the requirements of Section 393 of the Companies Act 2006 and which otherwise comply with the provisions of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements are prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’) and in accordance with the special provisions of Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
The financial statements were approved by the Boardon 14 March, 2e2£ and signed on its behalf by Signature: 0 Set \ a oboe C Signature: swans — . f) ML, Name (in block capitals): DaNID DUwp Rae Name (in block capitals): Aun OT DH Trustee Trustee
The notes on pages 8 to 16 form an integral part of these financial statements
Page 7
Derry & Raphoe Action Limited (Company limited by guarantee)
Notes to the financial statements
for the year ended 31 December 2025
LL. General information The company is a private limited company, limited by guarantee, which was incorporated on 3 October 2003 under the Companies (Northern Ireland) Order 1986 and the Companies Act 2006, under Registration Number NI048102. It is also recognised as a charity by the HM Revenue & Customs under Reference Number XR83440. The company is a registered charity with the Charity Commission for Northern Ireland since 8 June 2015 under registration number NIC102476. The address of the registered office is The Somme Memorial Hall, 3 Douglas Road, Newtownstewart, Co Tyrone, BT78 4NE.
- Statement of compliance
These financial statements have been prepared in compliance with Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’) and in accordance with the Companies Act 2006.
Accounting policies
- 3.1. Basis of preparation
The financial statements are prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’)
The charity has taken advantage of the exemption in FRS 102 Section 1A from the requirement to produce a cashflow statement because it is a small charity.
The presentation currency of these financial statements is sterling.
3.2. Incoming resources
Income from donations and grants, including capital grants, is included in incoming resources when these are receivable, except as follows:
-
When donors specify that donations and grants given to the company must be used in future accounting periods, the income is deferred until those periods.
-
When donors impose conditions which have to be fulfilled before the company becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met.
When donors specify that donations and grants, including capital grants, are for a particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receiveable.
The value of services provided by volunteers has not been included.
3.3. Interest receivable
Interest is included on a receivable basis.
Page 8
Derry & Raphoe Action Limited (Company limited by guarantee)
Notes to the financial statements for the year ended 31 December 2025
- 3.4. Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT which the company is ineligible to recover, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
3.5. Tangible fixed assets and depreciation
Tangible fixed assets costing more than £500 are capitalised and included at their purchase costs, together with any incidental expenses of acquisition. acquisition.
|| any incidental expenses of acquisition. acquisition. | Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected | useful life, as follows: | Hall - 8% straight line
Hall - 8% straight line Fixtures, fittings and equipment - 15 % reducing balance
No depreciation is charged until the assets are brought into use by the company.
|
The carrying values of tangible fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying value may not be recoverable.
- 3.6. Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
- 3.7. Fund accounting
Unrestricted funds relate to general funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or | which have been raised by the charity for particular purposes. The cost of raising and administering such funds : are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
| 3.8. Taxation | The company is registered as a charity for tax purposes under reference XR83440.
As a charity, Derry and Raphoe Action Limited is exempt from tax on income and gains falling within Section : 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these : are applied to its charitable objects. No tax charges have therefore arisen for the company for the year ended 31 : December 2025.
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Page 9
Derry & Raphoe Action Limited (Company limited by guarantee)
Notes to the financial statements
for the year ended 31 December 2025
3.9 Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
3.10 Financial instruments
A financial asset or a financial liability is recognised only when the company becomesa party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Page 10
Derry & Raphoe Action Limited (Company limited by guarantee)
Notes to the financial statements
for the year ended 31 December 2025
4, Incoming resources
| Incoming resources | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Year | Period | |
| funds | funds | ended | 01/11/23 to | |
| 31/12/2025 | 31/12/24 | |||
| £ | £ | £ | £ | |
| Donations | 1,358 | - | 1,358 | 1,145 |
| Charity cash collections | 1,000 | - | 1,000 | - |
| Grants | - | 147,117 | 147,117 | 122,450 |
| Investment income | 378 | - | 378 | 319 |
| Other income | 812 | - | 812 | 2,358 |
| 3,548 | 147,117 | 150,665 | 126,272 | |
| Grant income received is as follows:- | ||||
| Unrestricted | Restricted | Year | Period | |
| funds | funds | ended | 01/11/23 to | |
| 31/12/25 | 31/12/24 | |||
| £ | £ | £ | £ | |
| Irish Government - Department ofForeign Affairs | - | 5,183 | 5,183 | 2,880 |
| Halifax | - | - | - | 4,415 |
| Fermanagh and Omagh District Council | - | 2,069 | 2,069 | - |
| DAERA NI | - | 1,703 | 1,703 | 1,993 |
| SSE Renewables | - | 4,000 | 4,000 | - |
| Arts Council NI | - | $27 | 527 | 5,161 |
| National Lottery Community Fund | - | 18,746 | 18,746 | - |
| Ulster Scots Agency | - | 75,438 | 75,438 | 76,187 |
| Derry City and Strabane District Council | - | 39,451 | 39,451 | 25,914 |
| Honourable Irish Society | - | - | - | 900 |
| Children in Need | - | - | - | 5,000 |
| - | 147,117 | 147,117 | 122,450 |
4.1. Grant income received is as follows:-
Page 11
Derry & Raphoe Action Limited (Company limited by guarantee)
Notes to the financial statements
for the year ended 31 December 2025
5. Net movement in funds
| 5. | Net movement in funds | ||
|---|---|---|---|
| Year | Period | ||
| ended | 01/11/23 | ||
| 31/12/25 | 31/12/24 | ||
| £ | £ | ||
| Net movement in funds is stated after charging: | |||
| Depreciation and other amounts written offtangible assets | 6,582 | 8,524 | |
| Operating lease rentals | |||
| - Land and buildings | 6,000 | 7,000 | |
| and after crediting: | |||
| Transfer between funds: | |||
| Release ofrevenue grants | 158,480 | 133,304 | |
| 6. | Employees | ||
| Number ofemployees | |||
| Year | Period | ||
| ended | 01/11/23 to | ||
| The average monthly numbers ofemployees | 31/12/25 | 31/12/24 | |
| (including the trustees) during theyear were: | Number | Number | |
| Trustees | 10 | 10 | |
| Employees | 1 | 1 | |
| 11 | 11 | ||
| Employment costs | |||
| Year | Period | ||
| ended | 01/11/23 to | ||
| 31/12/25 | 31/12/24 | ||
| £ | £ | ||
| Wages and salaries | 35,757 | 39,603 | |
| Thetrusteesneitherreceivednorwaivedanyemolumentsduringtheyear. |
Page 12
Derry & Raphoe Action Limited (Company limited by guarantee)
|
Notes to the financial statements for the year ended 31 December 2025
| Fixtures, | ||||
|---|---|---|---|---|
| 7. | Tangible fixed assets | fittings and | ||
| Hall | equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At | January2025 | 42,897 | 38,404 | |
| At 31 December 2025 | 42,897 | 38,404 | 81,301 | |
| Depreciation | ||||
| At 1 January 2025 | 18,644 | 21,260 | 39,904 | |
| Charge for the year | 3,432 | 3,150 | 6,582 | |
| At 31 December 2025 | 22,076 | 24,410 | 46,486 | |
| Net book values | ||||
| At 31 December 2025 | 20,821 | 13,994 | 34,815 | |
| At | January 2025 | 24,253 | 17,144 | |
| 8. | Debtors | Year | Period | |
| ended | 01/11/23 to | |||
| 31/12/25 | 31/12/24 | |||
| £ | £ | |||
| Grants receivable | 4,258 | 7,176 | ||
| 9, | Creditors: amounts falling due | |||
| within one year | Year | Period | ||
| ended | 01/11/23 to | |||
| 31/12/25 | 31/12/24 | |||
| £ | £ | |||
| Accrualsanddeferredincome | 5,572 | 2,407 |
Page 13
Derry & Raphoe Action Limited (Company limited by guarantee)
Notes to the financial statements
for the year ended 31 December 2025
10. Unrestricted funds
| 1 | January | 2025 | Incoming | Outgoing | Transfers | 31 December 2025 | ||
|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||||
| General | fund | 16,031 | 3,548 | = (160,371) | 158,480 | 17,688 | ||
| 16,031 | 3,548 | (160,371) | 158,480 | 17,688 |
Purposes of unrestricted funds
General funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
11. Restricted funds
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| 1 | January | 2025 | Incoming | Transfers 31 | December 2025 | |
| £ | £ | £ | £ | |||
| Somme Memorial Hall kitchen extension and ramp | 23,084 | - | (3,264) | 19,820 | ||
| Fixtures, fittings and equipment | 17,820 | - | (3,208) | 14,612 | ||
| SSE Renewables | 5,540 | - | - | 5,540 | ||
| Ulster Scots Agency | 7,599 | 75,438 | (77,442) | 5,595 | ||
| Derry City and Strabane District Council | 3,450 | 39,451 | = (38,575) | 4,326 | ||
| Arts Council NI | 4,739 | 527 | (5,266) | - | ||
| DAERA | - | 1,703 | (1,703) | - | ||
| Halifax | 4,065 | - | (4,065) | - | ||
| Irish Government | 2,634 | 5,183 | (4,131) | 3,686 | ||
| SSE Renewables | - | 4,000 | - | 4,000 | ||
| Fermanagh and Omagh District Council | - | 2,069 | 2,069 | - | ||
| National Lottery Community Fund | - | 18,746 | 17,126 | 1,620 | ||
| Children inNeed | 3,839 | - | (1,631) | 2,208 | ||
| 72,770 | =147,117 | (158,480) | 61,407 |
Purposes of restricted funds
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
Page 14
Derry & Raphoe Action Limited (Company limited by guarantee)
Notes to the financial statements
for the year ended 31 December 2025
12. Analysis of net assets between funds
| Analysis of netnet assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| Fund balances at 31 December 2025 as represented by: | |||
| Tangible fixed assets | 383 | 34,432 | 34,815 |
| Current assets | 22,877 | 26,975 | 49,852 |
| Liabilities | (5,572) | - | (5,572) |
| 17,688 | 61,407 | 79,095 |
13. Leasing commitments
At 31 December 2025 the company had annual commitments under non-cancellable operating leases as follows:
| Land and buildings | Land and buildings | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Expiry date: 31 December 2031 | ||
| Within one year | 6,000 | 6,000 |
| Between one and five years | 24,000 | 24,000 |
| In over five years | 7,000 | 13,000 |
| 37,000 | 43,000 |
- Going concern
| The Trustees are confident that further funding will be secured from the Ulster Scots Agency to continue with the | community impact plan and are therefore satisfied that it is appropriate for the financial statements to be prepared | on the going concern basis. | 15. Transactions with Trustees
|
The trustees attend meetings and carry out the business of the company on a voluntary basis.
| 16. Company limited by guarantee | | Derry & Raphoe Action Limited is a company limited by guarantee and accordingly does not have a share capital. | Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the | assets of the charitable company in the event of its being wound up while he or she is a member, or within one | year after he or she ceases to be a member.
Page 15
Derry & Raphoe Action Limited (Company limited by guarantee)
Notes to the financial statements
for the year ended 31 December 2025
17. Charity Commission for Northern Ireland
Derry & Raphoe Action Limited is a registered charity with the Charity Commission for Northern Ireland since 8 June 2015, under registration number NIC102476.
Page 16