Company Registratlon Numb¢r: N1605190 Charlty Numb•r: 102721 Slatequarry Development Assoclatlon Ltd IA company Ilmlted by guarantee, not havlng a 8harè capltell Annual Report and Unaudited Financial Statements for tha flnanclal year 8nd8d 30 November 2024 McDonald O'Neill & Co Ltd Chartered Accountants S Union Buildings Union Place Dungannon Co Tyrone BT70 1DL Northern Ireland
Slatequarry Development Association Ltd IA Company limited by guarantee. not having a share ¢apitall CONTENTS Pagè Reference and Administrative Informatlon Trustees, Annual Report Statement of Trustees, Responslbllltles Independent Examlner's Report Statement ol FinanGial Activities Balance Sheet Notes to the Financial Slatements 9-11 Supplementary Information relating to the Financial Stalements 13
Slatequarry Development Association Ltd IA company limited by guarantee. not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustee$ Paul Lewis Kathleen Mallon Maureen McAleer Michaal M¢Alaer Company Secretary Kathleen Mallon Charlty Number In North•rn Irèland 102721 Company Règlstratlon Numbor N1605190 Reglstsrod Offlco and Prlnclpal Addross 27 Tlrna$k88 Road Pomeroy Dungannon Co Tyron8 BT70 3EF Northern Ireland Indèpèndènt Examlnor McDonald O'Nèlll & Co Ltd Chartered Accountants 5 Union Building8 Unlon PI8C8 Dungannon Co Tyrone BT70 1DL Northern Ir818nd Prlnclpal Bankor8 Bank of Ireland 32 J8m88 Street Cookstown Tyrone BT808LU
Slatequarry Development Association Ltd IA company limited by guarantee. not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 30 November 2024 The trustees present their Trustees, Annual Report, Gombinin9 tha Directors. Report and Trusleo$' Report, and the unaudlted finAnciAI statemonls for tho flnanclal yoar onded 30 November 2024. The financial statements are prepared In accordance wlth the Compan188 Act 2008, FRS 102 "The Flnanclal Reporting Standard applicabla in tha UK and Ropubllc of Ireland" and Accountlng and Reportlng by CharilieJS'. Statement of Recommendod Pracllce appllcable to charltl&s preparfng th8ir financial $t8toment8 In accordance wllh the Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 1021. The Trustees, Report contalns the Informallon requlred lo b& provided in the Trustegs, Annu81 Report under the Statement of Recommended Practlce ISORPI guldellnes. The trustees of the company are also charity Iru8lees for the purpose of charlty law and under th8 company's constitullon ara known a$ member8 of the board of trustee8. In Ihls report the trustees of Slatequarry Development Assoclallon Ltd present a summary of Its purpose, governan¢e, activities, achievements and finances for the financlal flnanclal year 30 November 2024. The company18 a regl8tered charfly and henc& the report and results are presented in a fom which ¢omplies with the requlrements of the Companles Act 2006 and. although not obllgad lo comply with tho Statement of Recommended Pra¢ti¢e applicable in tha UK and Republi¢ of Ireland FRS 102, the organlsatlon has Implemented Ils recommandatlons whara relevant In thes8 Itnanclal stalemenls. Prlnclpal A¢tlvlty Tha principal activity of the Company is the organisation of community activities for children and the elderly. Flnanclal Rosults At the end of the fin8ncial year the company has assets of £7,3SO12023 £7,11 J} and Ilabilltles of £2,800 {2023 £2,800). The net asset5 of the company have increased by £231. Trustaas The trustees who seNed throughout th8 ftnanclal y&ar, 8xc8Pt BS no18d. were as lollows: Paul Lewis K8thl88n Mallon M3ureon M¢Aleer Mlch881 McAl8er In accordance with the Conslilulion, the trustees r8lir8 by rotation and, baing ellglble. offer themselves for re-elecllon. Th8 secret8ry who served durlng the fJnanclal year was.. Kathleen Mallon Compllanc• wlth Sactor-wldo Loglslatlon and Standards The company engages pro.acllvely with legislation, 8tandard$ and codes whlch are developed for the sector. Slatequarry Development Association Ltd 8ubscribg8 to and is compliant with th8 followlng.. The Companies Act 2008 The Charflles SORP IFRS 1021 Approved by thè Board of Trusto08 on 11 August 2025 and slgnod on Its behalf by: Michael McAloor DireGtor
Slatequarry Development Association Ltd IA company limited by guarantee, not havlng a share capital) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 30 November 2024 The Iruslees, who are also directors of Slatequarry Development Association Ltd for the purposes of company law. ara rasponsibla far preparing the finan¢lal 8tatamenl8 In accordance wlth applicable law and ragulations. Company18w r8qulr&s the tru$te8S 8$ the directors to prgpare flnanclal slat¢ments for each flnanclal year. Undar that law the trustees have elected lo pr&par& tha flnAnclAI slatemanls in acrdance with United Kingdom Generally Accepted Accounllng Practlce (Unlted Klngdom Accountlng Standards and appli¢8blo lawl including FRS 102 "The Flnanclal Reportlng Standard appllcablo In th& UK and R8public of Ireland" Section 1A {Sm811 Entities). Under company law the trustees must not approve the flnanclal statements unloss they ara satlsfl8d that they give a true and fair vigw of the st8t9 of affalrs of the comp8ny and of the Surplus or deflcll of the company for that perlod. In preparing th8S8 financi818lalèmenls, the trust888 are required lo.. select 8ullable accountlng pollcles and apply them conslslently; make 5udgements and estlmates that are reasonable and prudent., state whether the finan¢i81 ststements have been prepared In accordanca with the relevant rinan¢i81 reporting framéwork, Idenllfy those standards, 8nd nola lh8 eff&cl and tha reasons for any malerfal d8partur8 Irom those standards,. and prepare tho flnanclal slalemenls on the golng concern basls unless It Is Inapproprlale to presume that the company wlll continue in operation. The trusta88 confirm that Ih8y have compllad wllh the above raqulremants in preparing th& Itnancial slatemenls. The trus188s ore responslble for keeplng adequat& accounllng records that are sufflc18nl to show and explaln the company's transacllons and dlsclose wllh reasonable accuracy al any tlme the flnanclal poslllon of the comp8ny and enable them lo ensure IhBt the financial $tstem8nls comply with th8 Companle$ Act 2006. They Èr& also r&sponslble for sof8gu8rdlng th8 assets of the company and hence for laklng reasonable steps for the preventlon and detecllon of fraud and other Irregularllles. Approv•d by the Board of Trusteos on 11 August 2025 and slgned on Its behalf by: chael McAleor Dlrector
Slatequarry Development Association Ltd IA company Ilmltèd by guarantee, not havlng a share capltall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF SLATEQUARRY DEVELOPMENT ASSOCIATION LTD We have examlned th8 flnanclal statements of Ihe company for Ihe financial year ended 30 November 2024. which compris8 the Statement of Flnanclal Activllies (incorporating an Income and Expenditure Account), the Balan¢e Sheet and the related nole8. Thls report Is made solely to the companls members, 8$ a body, in a¢¢ordance with ChAPtar 3 of Part 16 of the Companles Act 2008. Our work has been und8rtakan so that wa mlght complle the flnanclal statements that we have been engaged to compile, report to the Board of Truste8$ that wa have done so. and slate those matters that we have agreed to $t8t8 to th8m In thls report and for no other purpose. To the fullest exlenl pormillad by law, we do not accept or assume responsibility to anyone other than the company and the ¢ompany's rnèmbers, as a body. for our work, or for thls report. Re$p¢¢tlv? rnsponslbllltles of trustses and examlnor The Company's Irusle8s (who aro also the dlrectors cf the company for the purposes of Company law) ar8 re8ponslbl8 for the praparatlon of the flnanclal 8tatement8 In accordance with the requirements of the Companl8s Act 2006. Tha company'8 trustees conslder thal an audit is not required for this financial year undar Chapter 3 of Part 16 of the Companles Act 2008 and that an indapandant axamination is r&qulr8d. It Is our responslblllty lo.. examlne Ihe financial st8t8mants und8r sectlon 65 of the Charltles Act., fo51ow the proc8dur&s lald down by the general DlreGtlon8 glven by the Charity Commlsslon for Northern Ireland under secllon 65{91{bl of the Charities Act., and slate whethèr partlcular matters h8ve coma to our attention. Basls of Indep9ndant axamlner's r8port We have examined your company flnanclal statements as r6quir8d und8r secllon 65 of the Charllles Act and our examination was carrlad out In accordance wSth the gon6ral Directions glven by th8 Charlty Commlsslon for Northem Ir8lBnd under sectlon 65{9){b) of th8 Charitl8s Act. An examlnallon Includes a revlew of Ihe accounting records kept by the company 8nd a comparison of th8 financlal statements presented with thos8 records. 11 also Includes con51dgration of 8ny unusual Items or dlsclosures In the flnancial statements and seeklng explanallons from tho trustO0s concernlng any such mallers. The procedures undortak8n do not provld8 all the evldence that would be requlr8d In an audlt and consequently no oplnion Is glven as to whether the account$ pr&s8nt 8 'true end falr, vlew and the report Is Ilmiled to those matters sat out Sn the statement below. In conn8cllon wlth our examlnatlon, no matter has com8 to aur 8ll&nllon whlch glve8 us cause to béliev8 that In. any malorlal rospecl.. accounllng record8 were not kept in accordanca wlth secllon 386 of the Companies Act 2006 the financial slalemants do not accord wllh those accounting records the financial statements have not been prepared in accord8nce wlth the accountlng requirements of secllon 396 of tho Companles Act 2006 end with the methods and prfnclples of the Slatamanl of Recommended Pra¢li¢8 appll¢able to charltles preparlng their 8¢counl$ In accordance wllh the Financial Reportlng Standard appllcable in the UK and Republlc cf Ireland {FRS1021 thara Is further Informatlon needed for a proper underslandlng of the accounts lo ba reached, Indapendent examlnor's ststemant We have no con¢ems and have come acrcss no other matt&rs in connectlon wllh the ex8mlnation to whlch allenllon should be drawn In Ihls report In order to enabl8 a proper under8landlng of the financial statements to be reached. MCDONALD O'NEILL & CO LTD Chartered Accountants 5 Union Buildings Union Place Dungannon Co Tyrone BT70 1DL Northem Ireland Date: 11 August 2025
Slatequarry Development Association Ltd IA Company limited by guarantee. not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES Iln¢orporating an InGome and Expendlture Account) for the financial year ended 30 November 2024 Unrestricted Funds 2024 Total Unrestricted Funds Funds 2024 2023 Total Funds 2023 Notes Incomlng Resources Actlvltlas for generallng funds Other Income 1,000 1,000 780 780 780 780 Total Incomlng resources 1,000 1,000 1,560 1,560 Resources Expèndad Charltabl8 actlvltles 769 769 3,372 3,372 Net Incomlngloutgolng r¢$our¢g$ b#foro tran$f¢r$ 231 231 {1,812) {1,8121 Gross transfers beeen funds Net movement In funds for the flnanclal year 231 231 {1,812) {1,8121 R•¢onclll#tlon of funds: Total funds b8glnnlng of the year 4,319 4,319 6.131 6,131 Total funds at tho ond of the ygor 4,550 4,550 4.319 4,319 The Statement of Flnanclal Acllvltles Includes all galns and losses recognised In the fin8ncial year. All Income and oxpendlluro relate to continuing activilias. The notes on pages 9 10 11 form part of the financial statements
Slatequarry Development Association Ltd IA company limited by guaranteo, not having a share capltall Company Number: N1605190 BALANCE SHEET as at 30 November 2024 2024 2023 Note$ Fixad Assats Tanglble assets 5,983 5,983 Current Assets Cash at bank and in hand 1,367 1,136 Net Currnnt Assats 1,367 1,136 Total Assots1088 Curr•nt Llabllltles 7,350 7,119 Grants racalvabla 12,800) (2,8001 Total N•t Assets 4,550 4,319 Funds General fund lunrestrlcted) 4,550 4,319 Total funds 4.550 4,319 Th8s8 flnanclal slalemenls have been prepared In accordance wlth the speclal provlslons r¢l8ting lo small companies wlthln Part 15 of the Companies Act 2006. For th& fin8nciBI y8Ar ended 30 November 2024 the company was enlllled to exemptlon from audlt under secllor1477 of the Companl@s Act 2006,. and no notice has bean deposited und8r 98clion 476. Thg trustee$ confirm that the m8mb8rs have not requlred the company to oblaln an audlt of Sts financSal slatemgnts for the Ilnanclal year In questlon In 8GGordgnc8 wlth sectlon 476 of th@ Companles Act 2006. Th8 trustees acknowledge Ihelr responslbllllles for ensurlng that the company keeps accounting r8cords whlch comply wllh sectlon 386 and for preparlng flnancSal statements whlch give a Iwe and falr vl8w of th& slate of affalrs of the company AS at th8 8nd of tha flnanclal year and of Ils profll and loss for the flnanclal year In 8ccord8n¢e with the requlremenls of s9Ctlons 394 and 395 and which otherwls8 comply wlth the raqulroments ol the Companles Act 2006 relating to financial slatemanls. so far as appllcable to the company. The finenclal statements have been prepared In accordance wllh the provlsions applicable to companles sublect lo the small companles, reglme and In acrdanCe Wlth FRS 102 "The Flnanclal Reportlng Standard appllcable In the UK and RepubliG of Iréland" applylng Sectlon 1A of that Standard. Approvgd by thé Board of Trustees and authorlsed for Issue on 11 August 2025 and slgnod on Its behalf by ichael McAl••r Dlrector The n()tes on pages 9 10 11 form part of the financial 51alements
Slatequarry Development Association Ltd IA company limited by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 November 2024 GENERAL INFORMATION Slalequarry Development AGsociatlon Ltd Is a company limited by guarant8a incorparatgd in Nurthorn Iroland. The relllslered office of the company Is 27 Tlrnaskoa Road, Pomeroy, Dungannon. Co Tyrone, BT70 3EF. Northarn Ir8land whlch Is Alsa tha prfnclpAI plac8 of buslne$$ of the company Tho financial statements have been presented In Pound {£) whlch Is also the functlonal currency of tha company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently In daaling wlth it&ms which ara conslderad materlal In relatlon to the charlty's flnanclal slalements. Ba¥1¥ of proparatlon The financial statements have been prepared on the golng concem basis under the historfc81 ¢ost convention, modified to in¢ludé certain items at fair value. The financial Statements have been prepared in accordance wlth the Statement of Recommended Pracllc8 {SORP) 'Accountlng and Reportlng by Charltles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland FRS 102" applying Se¢tion 1A of that Standard. As permltted by the Companles Act 2006, the company has varled the standard formals In that act for the Statement of Flnanclal Acllvllles and the Balance Sheet. Departures from thg stsndard formats 8ro to comply with th8 requir8m&nls of th8 Ch8rlll8s SORP and ar8 In compllanca wlth s8cllon 4.7, 10.6 and 15.2 of that SORP. Statement of compllan¢o The financlal $t8tement8 of the company for th8 fin8nci81 year ended 31 Decamb8r 2017 hav8 been pr8par8d on thg going concern basis and in accordBnc8 with the Statement of Recommended Pracllce ISORP) "Accountlng end Raportlng by Charltles pr8parlng Ihelr accounts In accordance wllh the Flnancial Reporting S18ndard appllcable In the UK and Republlc of Ireland FRS 102" applylng SectSon 1A of that Standard. Incomlng Resources Voluntary income or capit81 1$ included In th& St818m8nt of FlnAnclal Acllvlll8s wh8n the company Is legally enlilled lo It, Its finenclal valu8 can b8 quanllfied wlth r8asonable certalnty and there Is reasonable certainty of ils ullimal& r8C8lpl. Entlllemenl to legacles Is consldered establlshed when th9 company has b88n notified ol dlstrlbutlon lo be made by the executors. Incom8 re¢8lved in adv8nc& of due p8rformance under a contracl Is accounted for 89 deferred Incom8 untll earned. Grants for a¢tlv11198 are racognlsed as Incomè whan tho related condltlon8 for legal entitlement have b88n m81, All ather Income Is accounted for on an 8ccru81s basis. Rosou¢S Exp¢nd¢d All resources expended are accounted for on an accruals b88ig. Charitabla activities Include costs of seNlces and grants. support costs and depreciation on related assets. Costs of ganerallng funds slmllarly Include fundralslng acllvltle8. Non-staff costs not attributed to one category of actlvlty are allocated or apportloned pro.r8ta to the stafflng of the relevant servlce. Flnance, HR, IT and administr8livo staff costs are dlreclly 8ttribut8bl8 to Indlvldual actlvltles by oblectlve. Govemance costs are those 8s8ocial8d with constitullonal and slalulory requlremenls. Tanglble flxod assots and dopreclatlon Tanglble flxed as¥et¥ are sl#led al cost or at valuatlon, lejs 8ccumulated depreclallon. The Gharg& to deproclollon Is calculated to wrlt8 off the original Cost or valuation of langlblo flxed assets, less their estimated r&sldual value, over thelr expe¢t8d usèful lives as fallows.. Flxlures, fittings and equipment No dapr8ciation charged Cash at bank and In hand Cash at bank and In hand comprises c#gh on deposit at banks requiring less than three months notice of withdrawal. Taxatlon and deferred taxation No current or defeed taxation arises as the company has been granted ¢harilable exemption. Irrecoverable valued added tax is expensed as incurred. INCOME
continued Slatequarry Development Association Ltd IA Company limited by guarantee. not having a Share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 November 2024 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Fund$ 2024 2023 Fundralslng 1,000 1,000 780 OTHER INCOME Unrastrlcted R8strlct•d Funds Funds 2024 2023 Grants from governments and other ¢o-fund&rs 780 EXPENDITURE CHARITABLE ACTIVITIES Dlroct Costs other Costs support Costs 2024 2023 Expenditure on charitable acllvltes 769 769 3,372 NET INCOMING RESOURCES 2024 2023 Nèt Incomlng Resources are Jtatod after eharglngl{crédltlngl: Grants recelvablg received 1780) INVESTMENT AND OTHER INCOME 2024 2023 Revenue grants recelved 780 TANGIBLE FIXED ASSET8 Flxtures, flttlngty and equlpmont Totsl Cost AI 30 November 2024 5,983 5,983 Net book valu• AI 30 November 2024 5,983 5,983 At 30 Novamber 2023 5,983 5,983 GRANTS RECEIVABLE 2024 2023 Capital grants recolvod and rocalvable At 1 December 2023 2,800 2.800 10
continued Slatequarry Development Association Ltd IA company limited by guarantee, not having a share ¢apitsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 November 2024 RESERVES 2024 2023 At the boginning of the year SUrplusl(D8c1l} for the flnanclal year 4,319 231 6,131 11,812) Al the end of the year 4,SSO 4.319 10. STATUS The comp8ny18 Ilmited by guarante8 not havlng a share capllal. Tha Ilablllty of the members18 Ilrnlled. Every member of the company undertakes to contrlbule to the assets of the company In th8 event of Ils b8lng wound up while they 8r8 members, or wlthln one year thereafter, for the paym8nt of the debts and Ilabllllle8 of the company contracted before they ceased to be memb8rs, and the Costs, charges and expenses of winding up, and for th8 adluslmenl of the rlghls of the conlrlbutors among themselves, SUGh amount as may bo requlred, not exceeding £ 1. 11, POST-BALANCE SHEET EVENTS There have been no significBnt events affectlng the CharSty sinca lh8 fin8nc181 y8ar-end. 11
SLATE UARRY DEVELOPMENT ASS CIA IA company Ilmltèd by guar*nto0, not havlng A ¥h•ro ¢opltall SUPPLEMENTARY INFORMATION RELAT NGTOTHEF NA ENTS FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024 12
Slatequarry Development Association Ltd IA company limitèd by guarantee, not having a share eapitsll SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 30 November 2024 2024 2023 Incom• 1,000 780 Expenses Insurance Light and heat Repalrs and malntenance Bank charges General 8XP8nses 215 255 180 108 13 203 618 2,441 110 769 3,372 Mlscellanaous Incom8 Revenue grants recelved 780 Nat surpluslldeflcltl 231 11.812) The supplementary information does not fomi part of the financial slalements 13