REGIsfERED COMPANY NUMBER: N1025664 (Northern Ireland)
REGIsfERED CHARrrY NUMBER: 102482
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
Aughnacloy Development Association Ltd.
(A Company Limited by Guarantee)

Aughnacloy Development Association Ltd.
Contents of the Financial Statements
for the Year Ended 31 December 2024
Page
Report of the Trustees
Independent Examiner's Report
statement of Financial Activities
Balan￿ Sheet
Notes to the Financial Ststements
7 to 13
Detailed Statement of Financial Activities
14 to 15

Aughnacloy Development Association Ltd.
Report of the Trustees
for the Year Ended 31 December 2024
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report wlth the
financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective I
January 2019).
OBJEcfIvES AND ACTIVITIES
Objectives and aims
Our activities include the provision of day care facllities for disabled adults from the Clogher Valley area as well as short term
residential accommodation and shop units.
We organise fundraising events to assist with the development of the town and district of Aughnacloy.
FINANCIAL REVIEW
Reserves policy
The results for the year are set out in detail on page 4 onwards. The charity returned a net surplus of £7, 146 for the year
ended 31 December 2024 (2023 - £25,964).
The charity does not maintain a formal reserves policy however the Board of Directors continue to monitor the level of
reserves held by the charity and are satisfied that these are adequate to meet any unforeseen expenditure incurred.
srRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee,
as defined by the Companies Act 2006.
REFERENCE AND ADMINIsfRATIVE DETAILS
Registered Company number
N1025664 (Northern Ireland)
Registered Charity number
102482
Registered office
The Mccreedy Mill Centre
Caledon Road
AUGHNACLOY
Co. Tyrone
BT69 6AL
Trustees
Paddy Douglas
John Tweedle Millar
Tom Quinn
stephen Salley
Gwen Stevenson
John Ward
Page I

Aughnacloy Development Association Ltd.
Report of the Trustees
for the Year Ended 31 December 2024
REFERENCE AND ADMINISTRATIVE DEfAILS
Independent Examiner
Gildernew & Co Ltd
Six Northland Row
DUNGANNON
Co. Tyrone
BT716AW
Approved by order of the board of trustees on 14 April 2025 and slgned on its behalf by:
Gwen Stevenson - Trustee
Page 2

Independent Examiner's Report to the Trustees of
Aughnacloy Development Association Ltd.
I report on the accounts of the company for the year ended 31 De￿rnber 2024, which are set out on pages four to thirteen.
Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of
the accounts in accordan￿ with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination,
it is my responsibility to:
examine the accounts under Settion 65 of the Charities Act
follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under
Section 65(9)(b) of the Charities Act
state whether particular matters have come to my attention.
Basis of the independent examiner's report
I have examined your charity accounts as required under Section 65 of the Charities Act and my exaMIna￿On was carried out
in accordance with the general Directions given by the Charity Commission for Northem Ireland under Section 65(9)(b) of the
Charities Act. The examinatlon Included a review of the accounting records kept by the charity and a comparison of the
accounts presented with those records. It also included consideration of any unusual items or disclosures In the accounts, and
seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
That accounting records were not kept in accordance with Section 386 of the Companies Act 2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of Section 396 of the Companies Att 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 Ireland
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connettion
with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to
your attention.
Mr Gerard Gildernew FCA
Gildernew & Co Ltd
Six Northland Row
DUNGANNON
Co. Tyrone
BT716AW
14 Aprll 2025
Page 3

Aughnacloy Development Association Ltd.
statement of Financial Activities
for the Year Ended 31 December 2024
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
150
12,104
12,254
3,000
Investsnent income
35,742
35,742
40,288
Total
35,892
12,104
47,996
43,288
EXPENDITURE ON
Raising funds
23,411
17,439
40,850
17,324
NEf INCOME/(EXPENDThURE)
Transfers between funds
12,481
{5,335)
(5,335)
5,335
7,146
25,964
12
Net movement in funds
7,146
7,146
25,964
RECONCILIATION OF FUNDS
Total funds brought forward
670,907
670,907
644,943
TOTAL FUNDS CARRIED FORWARD
678,053
678,053
670,907
The notes form part of these financial statements
Page 4

Aughnacloy Development Association Ltd.
Balance Sheet
31 December 2024
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricted
fund
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
548,939
548,939
545,245
CURRENT ASSETS
Debtors
Cash at bank and in hand
10
11,260
122,986
11,260
122,986
15,248
113,333
134,246
134,246
128,581
CREDrroRS
Amounts falling due within one year
11
(5,132)
(5,132)
(2,919)
NET CURRENT ASSETS
129,114
129,114
125,662
TOTAL ASSETS LESS CURRENT LIABILITIES
678,053
678,053
670,907
NET ASSETS
678,053
678,053
670,907
FUNDS
Unrestricted funds
12
678,053
670,907
TOTAL FUNDS
678,053
670,907
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended
31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 De￿mber 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the stste of affairs of the charitable company as at
the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements
of Sections 394 and 395 and which otherwise comply with the requirements of the Companie5 Att 2006 relating to
financial statements, so far as applicable to the charitable company.
(b)
The notes form part of these financial statements
Page 5
continued...

Aughnacloy Development Association Ltd.
Balance Sheet - continued
31 De￿fflber 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject
to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 April 2025 and were signed
on its behalf by:
Gwen Stevenson - Trustee
The notes form part of these financial statements
Page 6

Aughnacloy Development Association Ltd.
Notes to the Financial Statements
for the Year Ended 31 December 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act
2006. The financial statements have been prepared under the historical cost convention, as modified by the
revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Attivities once the charlty has entitlement to the funds, it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or construttive obligation committing the charity to
that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of
the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified
under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular
headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fjxed assets
Depreciation has been provided at the following rates in order to write off the assets over thelr estimated useful Ilves:
Plant & Machinery
20% Reducing Balan
Plant and machinery are valued at cost. Freehold property is carried at its revalued amount being its falr value at the
date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restrirted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restritted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 7
continued..

Aughnacloy Development Association Ltd.
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
DONATIONS AND LEGACIES
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricted
funds
Restricted
funds
Council grants
150
12,104
12,254
3,000
INVESTMENT INCOME
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricted
funds
Restricted
funds
Rents received
35,742
35,742
40,288
RAISING FUNDS
Raising donations and legacies
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricted
funds
Restritted
funds
Together Building a United Community costs
Security
Christmas lights expenses
Support costs
60
7,473
7,533
50
2,804
6,089
60
8,978
3,737
3,797
8,978
9,098
11,210
20,308
8,943
Investment management costs
31.12.24
Total
funds
31.12.23
Total
funds
Unrestritted
funds
Restricted
funds
Portfolio management
Consulting fees
Property repalrs
Depreciation
1,590
1,910
9,507
1,306
1,590
1,910
15,736
1,306
802
860
4,977
1,742
6,229
14,313
6,229
20,542
8,381
Aggregate amounts
23,411
17,439
40,850
17,324
Page 8
continued...

Aughnacloy Development Association Ltd.
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
SUPPORT COSTS
Governance
costs
Management
Finance
Totsls
Raising donations and legacies
6,947
607
1,424
8,978
NET INCOMEI(EXPENDrruRE)
Net Income/(expenditure) is stated after charging/(crediting):
31.12.24
31.12.23
Depreciation - owned assets
1,306
1,742
TRusfEES' REMUNERATION AND BENEFrrs
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended
31 December 2023.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIVTfIES
Unrestricted
fund
Restrlcted
funds
Totsl
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,000
3,000
Investment income
40,288
40,288
Total
43,288
43,288
EXPENDThURE ON
Raising funds
17,324
17,324
NET INCOME
25,964
25,964
RECONCILIATION OF FUNDS
Total funds brought forward
644,943
644,943
Page 9
continued..

Aughnacloy Development Association Ltd.
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIvrrIES - continued
Unrestritted
fund
Restricted
funds
Total
funds
TOTAL FUNDS CARRIED FORWARD
670,907
670,907
TANGIBLE FIXED ASSErs
Freehold
property
Plant and
machinery
Totals
cosr
At l January 2024
Additions
775,730
5,000
33,240
808,970
5,000
At 31 December 2024
780,730
33,240
813,970
DEPRECIATION
At l January 2024
Charge for year
235,730
27,995
1,306
263,725
1,306
At 31 December 2024
235,730
29,301
265,031
NET BOOK VALUE
At 31 December 2024
545,000
3,939
548,939
At 31 December 2023
540,000
5,245
545,245
The company's freehold property was valued at 31 December 2024 at £545,000. If the property continued to be
carried under the cost model its net book value at 31 December 2024 would be £279,672.
io.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Trade debtors
VAT
Prepayments and accrued income
8,158
693
2,409
13,342
1,906
11,260
15,248
Page 10
continued...

Aughnacloy Development Association Ltd.
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
ii.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Trade creditors
VAT
Other creditors
Accruals and deferred income
1,211
474
1,332
3,800
1,234
5,132
2,919
12.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.12,24
At 1.1.24
Unrestricted funds
General ftjnd
670,907
12,481
(5,335)
678,053
Restricted funds
Council grants
(5,335)
5,335
TOTAL FUNDS
670,907
7,146
678,053
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
35,892
(23,411)
12,481
Restricted funds
Councll grants
12,104
(17,439)
(5,335)
TOTAL FUNDS
47,996
(40,850)
7,146
Page 11
continued...

Aughnacloy Development Association Ltd.
Notes to the Financlal Statements - continued
for the Year Ended 31 December 2024
12.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
In funds
At
31.12.23
At 1.1.23
Unrestricted funds
General fund
644,943
25,964
670,907
TOTAL FUNDS
644,943
25,964
670,907
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
ReSoUr￿S
expended
Movement
in funds
Unrestricted funds
General fund
43,288
(17,324)
25,964
TOTAL FUNDS
43,288
(17,324)
25,964
A current year 12 months and prior year 12 months combined position is as ft)Ilows'.
Net
movement
in funds
Transfers
btheen
funds
At
31.12.24
At 1.1.23
Unrestricted funds
General fund
644,943
38,445
(5,335)
678,053
Restricted funds
Council grants
(5,335)
5,335
TOTAL FUNDS
644,943
33,110
678,053
Page 12
continued...

Aughnacloy Development Association Ltd.
Notes to the Financial Ststements - continued
for the Year Ended 31 December 2024
12.
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, Included in the above are as
follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
79,180
(40,735)
38,445
Restricted funds
Council grants
12,104
(17,439)
(5,335)
TOTAL FUNDS
91,284
(58,174)
33,110
13.
RELATED PARTY DISCLOSURES
The￿ were no related paty transacttons for the year ended 31 Detrmber 2024.
Page 13