Company Reglstratlon Number: N1605190 Charity Number: 102721 Slatequarry Development Association Ltd IA company Ilmlt•d by guarant&o, not havlng a sharo caplt•ll Annual Report and Unaudited Financial Statements for the financial year ended 30 November 2023 McDonald O'Nelll & Co Ltd Chartered A¢¢ountants 5 Union Buildlng$ Unlon Place Dungannon Co Tyrone BT70 1DL Northern Ireland
Slatequarry Development Association Ltd IA ¢ompany Ilmlttrd by guarant•e. not havlng a $h4re capital) CONTENTS Page Reference and Administrative Information Trustees, Annual Report ststement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9- 11 Supplementary Information relating to the Financial Statements 13
Slatequarry Development Association Ltd {A company Ilm5ted by guarantèe, not havlng a shart rapltall REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Paul Lewls Kathleen Mallon Maureen McAleer Michael McAleer Company Secretary Kathleen Mallon Charlty Number In Northarn Ireland 102721 Company Reglstratlon Number N1605190 Reg13tered Offlce and Prlnclpal Address 27 Tlrnaskea Road Pomeroy Dungannon Co Tyron8 BT70 3EF Northern Iréland Indèpfrndent Examlner McDonald O'Neill & Co Ltd Chartered Accountants S Union Buildings Unlon Plac8 Dungannon Co Tyrone BT70 1DL Northern Ireland Prlnclpal Bankors Bank of Ireland 32 James Street Cookstown Tyrone BT808LU
Slatequarry Development Assoclation Ltd IA company Ilmlt?d by guarantee. not havlng a $harg Gapltall TRUSTEES, ANNUAL REPORT for the financial year ended 30 November 2023 The trustees present their Trustees, Annual Report, combining the Dlrectors, Report and Trust88s' R8POrt. and th8 unaudited financial statèments for the financial year ended 30 Novomber 2023. The financial statements are prepared In accordance with the Companies Ad 2006, FRS 102 "The Flnancial Reporting Standard applicable in the UK and Republic of Ireland" and Accounllng and Reporting by Charities: Slalement of Rèeommended Practice applicab16 to charities preparing their financial statements In accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the information required lo be provlded in the Trustees. Annual R8POrt under the Statement of Recommended Practlce {SORPI guldelines. The tmsleas of the company are also charity trustees for the purpose of charily law and under the company's constitution are known as members of the board of Irustees. In thls report the trust8es of Slatequarry Development Assoclatlon Ltd present a summary of ils purpose, 90vemance, activities, 8Ghiev8menls and finances for the financial financial year 30 November 2023. The company is a r8glstered charlty and hence the report and results are presented in a form whlch ¢ornplies wlth th6 requirements of the Companies Act 2006 and, although not obliged lo comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the or9anisation has Implemented Its recommendations where relèvant in thes8 flnancial statements. FSnanclal R•sults Al the end of the financlal year the company has assets of £7,11912022 £8,931) and Ilabllitles of £2,800 (2022 £2,800). The nel assets of the company have decreased by £11,812). Trustees The Iruslees who served throughout the financial y8ar, except as noted. were as follows.. Paul Lewls Kathleen Mallon Maureen McAleer Michael McAleer In accordance wllh the Constitution, the trust8es retlre by rotation and, belng ellglble, offer themsélves for re4lection. The s8Gretary who served during the financlal year was: Kathleen Mallon Compliance wlth sector.wlde Loglslatlon and Standards The company engages pro-actively with legislation, standards and codes which are developed for the sector. Slalequarry Development Association Ltd subscribes lo and is compliant wlth tho following: The Companies Act 2006 The Charilles SORP IFRS 102) Approved by the Board of Trustees on 20 August 2024 and slgned on Its behalf by: Mlc ael McAleer Dlrector
Slatequarry Development Association Ltd IA company Ilrnlted by guarantee. not havlng a share capltsll STATEMENT OF TRUSTEES. RESPONSIBILITIES forlhe financial year ended 30 November 2023 Th8 trustees, who are also directors of Slatequarry Development Assoclallon Ltd for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable18w and regulations. Company law requlres the trustees as the dlroctors to prepare financial slaloments for each flnancSal year. Under that law the Iruslees have 61ected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounllng Pracllce (Unlted Kingdom Accounting Standards and applicable law) includlng FRS 102 "The Financial R6POrting Standard applicable in the UK and R8public of Ir&land" Section 1A (Small Entities). Under company law the trustees must not approve the financial statements unless they are satisfi8d that they give a true and fair view of the State of affairs of the company and of the surplus or deflclt of the company for that perlod. In preparlng these flnancial sta16menls. the Iruslees are required lo.. select suitable accounting policies and apply them consistently., make judgements and estimate5 that are reasonable and prudent., slate whether the financial statements hav8 been prepared in acoord8nc8 Wlth the r818vanl financial reporting framework, id8ntify those standards, and note the effect and th8 reasons for any material departur8 from thos8 standards., and prepare the financlal statemonts on the going concern ba$15 unless 11 Is inapproprlate to presume that the company will continue in operation. The trustees confirm that they have complied with the above requirements in preparlng the financial statements. The trustees ar8 responslble for keeping adequate accounting records that are sufficient to show and gxplain the company's transactions and disclose with reasonable accuracy at any time the financlal position of the company and enable them to ensure that the financial statements comply wlth. They are also responsible for safèguarding the asse15 of the company and hence for laklng reasonable steps for the prevenllon and delecllon of fraud and other irregularities. Approved by the Board of Trustees on 20 August 2024 and 8lgnad on Its behalf by: l¢hael McAlèer Dlrector
Slatequarry Development Association Ltd A company limited by guarant80, not havlng a share capltall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF SLATEQUARRY DEVELOPMENT ASSOCIATION LTD W8 have examined the financial slal8menls of the company for the financial year ended 30 November 2023, which comprise the Statement of Financial Activities {incorporaling an Income and Expenditure Accounll, the Balance Sheet and the relaled notes. Thls report Is made solely to th8 company's members, as a body, in accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financlal statements that we have been engaged lo compile, report lo the Board of Trustees that we have done $0, and state those matters that we have aged to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsiblllty to anyonè other than the company and the company's mèmbers, as a body, for our work, or for this report. Respectlve re5ponslbllltles of trustees and examlner The company's Irusle8s (who are a180 the directors of the company for Ihe purposes of company law} are responsible for the preparation of the finan¢lal statements in accordance with the requirements of the Companles Act 2006. The company's trustees conslder that an audll Is not requlred for this financlal year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It Is our responsibility lo.. examine the Ilnancial statements under sectlon 65 of the Charities Act. follow the procedures laid down by the géneral Dlreclions given by the Charlty Commisslon for Northem Ireland under section 6519llb) of the Charllles Act,, and state whether particular Matters have come to our all8ntion. Basls of Indapendent examlner's report We have examined your company flnanGlal statements as requlred under section 65 of the Charitie8 Act and our examination was ¢arried out in ac¢ordance with the general Directions given by the Charity Commission for Northèrn Ireland under secllon 6519llbl of th8 Charities Act. An 6xaminallon Includ6s a revlew of the ac¢ounling records kept by the company and a comparison of the financial statements presented with those records. It also Includes consSderation of any unusual items or disclosures in the financial statements and seeklng explanallons from the trustees concernlng any such mallers. The procedures undertaken do not provlde all the evidence that would be required in an audll and Consequently no oplnion is given as to whether the accounts pr8sent a 'true and falr, vi8w and the report Is Ilmlled lo those matters Sot out in the statement below. In connection wlth our examlnallon, no matter has come lo our atlenllon whlch glv85 U8 causè lo belleve that In. any material respect.. accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial 51alements do not accord with those accounting records the financial statements have not been prepared in accordance with the accounling requirements of sectlon 396 of the Companles Act 2006 and with the methods and principles of the Statement of Recommended Practlee applicable to charlties preparing their accounts In accordance wllh the Flnancial R8porting Standard appllcable In the UK and Republic of Ir&land IFRS102) there Is further Informatlon needed for a proper understanding of the accounts to b8 reached. Independent 8xamlnerf$ statèment We have no concerns and have come across no other matters in connection with the examlnation to whlch attention should bè drawn in this report in ord6r lo enable a proper understanding of th8 flnanclal statements to be reached. NKo.-&l c), de1 Lhi MCDONALD O'NEILL & CO LTD Chartered Accounlanls 5 Union Buildings Union Placè Dung8nnon Co Tyrone BT70 1DL Northem Ireland Date: 20 August 2024
Slatequarry Development Association Ltd IA company Ilmltèd by guarantee. not havlng a shartr capltall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an Incomg and Expendituro Account) for the financial year ended 30 November 2023 UnrestriGtod Funds 2023 Total Unreslricted Funds Funds 2023 2022 Total Funds 2022 Notes Incomlng Ra$ources Activities for generating funds Other income 780 780 780 780 670 780 670 780 Total Incomlng resources 1,560 1,560 1,450 1,450 Resour¢g5 Exponded Charltable aclSvltles 3,372 3,372 1,826 1.826 Nat Incomlngloutgolng resource$ before transfers 11,812) 11,8121 (376) (376) Gross transfers beeen funds Net movoment In funds for tho flnan¢lal year Re¢onclllatlon of funds: Total funds beginning of the year Total funds at the end of the year (1,8121 11,812) {3761 13761 6,131 6,131 6,507 8,507 4,319 4,319 6,131 6,131 The Statement of Financlal Aclivit18s In¢ludes all gains and losses r8cognlsed In the financlal year. Ail income and expenditure relate lo ¢onlinuing activities. The notes on pages 9 to 11 fomi part of the financial slalementg
Slatequarry Development Association Ltd (A company Ilmltgd by guarantee. not having a share capltal) Company Numb¢r', N1605190 BALANCE SHEET as al 30 November 2023 2023 2022 Notes Flxed Assets Tangible assets 5,983 5,983 Current Assèts Cash at bank and Sn hand 1,136 2,948 Not Current Assets 1,136 2.948 Total Assets less Current Llabllitios 7,119 8,931 Grants recolvabl (2,8001 {2,800) Total Net Assets 4,319 6,131 Funds General fund (unrestricted) 4,319 6.131 Total funds 4,319 6,131 These financial s181ements have been prepar8d in accordance with the Special provisions relating to small companies wilhln Part 15 of th& Companies Act 2006. For the financial year ended 30 November 2023 the company was entitled 10 6xemption from audit under se¢tlon 477 of th& Companles Act 2006; and no nolice has been deposited under section 476. The trustees confirm that the members have not requir&d the company to obtain an audit of its financial statamenls for the financial year in question in accordance with section 476 of the Companies Act 2006. The Irusl88s acknowledge their responsibllities for ensuring that the company keeps accounting r8¢0rds whlch comply with section 386 and for preparing financial slat6menls which give a true and fair vlew of the slate of affalrs of the company as at the end of the financial year and of ils profit and loss for the financial year In accordance with the requirements of s8Ctions 394 and 395 and whlch otherwise comply with the requirements of the Companles Act 2006 relating to financial statements, so far as applicabl& lo the company. The financial statements have been prepared In accordance with the provisions appllcable to companies subject to thè small companies, regime and in accordance with FRS 102 "The Flnanclal Reportlng Standard applicable In the UK and Republic of Ireland" applying Secllon 1A of that Standard. Approved by the Board of Trustees and authorlsed for13sue on 20 August 2024 and slgned on Its behalf by Mlchagl McAleer Dire¢tor The notes on pages 9 to 11 form part of the financial slatemenls
Slatequarry Development Assoclation Ltd IA ¢ompany limited by guarantee, not havlng a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 November 2023 GENERAL INFORMATION Slatequarry Development Associallon Ltd is a company limilgd by guarantee Incorporated In Northèrn Ireland. The registered office of the company is 27 Tirnaskea Road, Pomeroy, Dungannon, Co Tyrone. BT70 3EF, Northem Ireland which is also the principal place of business of the company The financial stalemenls have been presented in Pound {£} which is also thè functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting pollcies have been applled consistently In dealing with items whlch are consldered material in relation to the charity's financial slalements. Basls of preparatlon The financial statements havg been prepared on the going concern basis under the hlslorical cost convenllon. modified lo include certaln Items al fair value. The financial slalements have been prepared in accordance with the Statement of Recommended Practice ISORP} 'Accounting and Reportin9 by Charille$ preparing their accounts in accordance with the Financial Reporting Standard 8pplicabl& in the UK and RepubliG of Ireland FRS 102" 8pplying Section 1 A of that Standard. As permitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Flnancial ActlvSties and th& Balance Sheet. Departures from the slandard formats are to comply wlth the requirements of the CharllSes SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of compllance The financial slalemenls of the Gompany for the flnan¢ial year ended 31 December 2017 have been prepared on the going concern basis and in accordan¢e with the Statement of Recommended Practice (SORPI "Accounting and Reportlng by Charities preparing thelr accounts in a¢cordanc6 with the Flnancial Reporting Standard appllcable In the UK and Republic of Ireland FRS 102" applylng Sectlon 1A of that Standard. Incomlng Rosource• Voluntary income or capital Is included in the Statèment of Financi81 Activities when the company is legally 8ntllled lo11, Its flnanclal value can be quanllfSed wllh reasonable certainly and there Is reasonable certalnty of Ils ullimalè receipt. Entitlement to legacles is considered established when the company has been notified of a dlstribution to b8 made by the executors. Income received in advance of duè performance under a contract is accounted for as deferred Income unl51 earned. Grants for aclSvllles are recognSsed as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis, Rosourcès Exponded All resources expended ar8 accounted for on an accruals basls. Charltable acllvllies Include costs of servlces and grants, support costs and depreci81ion on related assets. Costs of gener81ing funds similarly include fundraising acllvili8s. Non-staff costs not atlribulad to one category of activity ere allocated or apportloned pro-rata to the staffing of the relevant service. Finance, HR. IT and administrative 51aff costs are directly attributable to indlvldual actlvitles by oblactive. Gov6rnance costs are thosè associated wllh conslStullonal and slalutory requlrements. Tanglble flxed assels and depreclatlon Tangible fixed assets are slated al cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows: Fixtures, fittlngs and equipment No depreclation charged Cash at bank and In hand Cash al bank and in hand comprises cash on deposlt at banks requlring less than three months notice of withdrawal. Taxatlon and deferred taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax Is expensed as incurred. INCOME
contSnued Slatequarry Development Association Ltd IA Company Ilmltèd by guarantee. not havlng a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 November 2023 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Fundraising 780 780 670 OTHER INCOME Unrestrlcted Restrlcted Funds Funds 2023 2022 Grants from govemments and other co-funders 780 780 780 EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs othor Costs Support Costs 2023 2022 Expendlture on charitable activitas 3,372 3,372 1,826 NET INCOMING RESOURCES 2023 2022 Net Incomlng Resources are statod after charglngllcredltlngl: Grants receivable received (7801 {780) INVESTMENT AND OTHER INCOME 2023 2022 Revenue grant8 recelv8d 780 780 TANGIBLE FIXED ASSETS Flxtures, fittings and equlpment Total Cost At 30 November 2023 5,983 5,983 Net book value AI 30 November 2023 5,983 5,983 At 30 November 2022 5,983 5.983 GRANTS RECEIVABLE 2023 2022 Capltsl grants racelved and recelvable At 1 December 2022 2,800 2,800 10
continued Slatequarry Development Association Ltd IA company Ilmlted by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the finan¢ial year ended 30 November 2023 RESERVES 2023 2022 Al the b8glnning of th8 year Deficit for the flnancial year 6,131 (1,812) 6,507 {376) At the end of the year 4,319 6,131 10. STATUS The company 13 limited by guarantee not having a share capital. The liabS11ty of the members Is limltèd. Evéry membér of the company und6rt8kes to contribute to the assets of the company in the event of Ils being wound up while they are members, or within one year thereafter, for the payment of th6 debt5 and liabilili6s of the company contracted before they ceased lo be members, and the costs, charges and expenses of windlng up, and for the adjustment of the rights of th& contributors among themselves. such amount as may be quired, not exceedlng £ 1. 11. POST-BALANCE SHEET EVENTS There have been no slgniflcant events affecting the Charity slnce the financlal year-end. 11
SLATE UARRY DEVELOPMENT ASSOCIATION LTD IA company Ilmlted by guarantee. not havlng a share capltall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 20 12
Slatequarry Development Association Ltd IA company Ilmltgd by guarantetr. not havlng a sharg capltall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financlal year ended 30 November 2023 2023 2022 In¢ome 780 670 Expenses Insuranc6 Light and heat Repairs and maintenance Printing, Postage and slationery Bank charges General expenses Charitable donallons 203 618 2,441 550 75 441 132 108 220 300 110 3,372 1,826 Mlscellanfrous Incomo Rovenue grants received 780 780 Net deflclt 11,812) 13761 The supplementary infomiation does not form part of th& financial statements 13