DUNGANNON SUB-AQUA CLUB {INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) NORTHERN IRELAND CHARITY No NIC102776 REPORT IlND FINANCIAL STATEMENTS FOR THE 12 MONTH PERIOD ENDED 31 AUGUST 2022 McDonald O'INeill & Co. Chartered Accountants 5 Union Buildings Union Place DUNGANNON BT70 IDL
DUNGANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) I,NDEX TO TFIE FINANCI.AL STAI'LNIF.N'TS FOR'fHE 12-LIION'I'H PERIOD ENDED 31 ,ILTC,LS'I' 20?2 GENERAL INFORMATION.,.............................................,.................................................................. TRUSTEES REPORT.....,....................................................................................................,................... INDEPENDENT EXAMINER'S REPORT,......................,....,..,.,..,..,,,..,,..................................,....,..,.,.. SUMMARY tNCOME& EXPENDITURE ACCOUNT,,..,....,..,...............................,..,.,.,....,..,,........... BALANCE SHEET AS AT 31 AUGUST2022...,.,.,..,......................,...,...,............,............................,., NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 MONTHS TO 31 AUGUST 2022....... McDonald O'Neill & Co. Chartered AccouAtants
DUNCANNON SUB-AQUA CLUB (INCORPORATING IlllD-ULSTER SEARCH & RECOVERY UNIT) GENERAL INFORIIIATION Trustees Mr Fnda Daly (Chairperson) Mr Damian O'Donnell Mrs Audrey Brady Administrative address 15 Derylappin Road Brantry DUNGANNON Co Tyrone BT70 ILS Accountants McDonald O'Neill & Co. Chartered Accountants 5 Unioii Buildings Uiiion Place DUNGANNON Co. Tyrone BT70 IDL Bankers Danske Bank S Market Square DUNGANNON BT70 IAB Charity Number NIC102776 Inland Revenue Tax Ref. N100415 McDonald O'Neill & Co. Chartered Accountants
DUNGANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) TRUSTEES REPORT Structure, Governance & Management in Northern Ireland The charity was established in Northcrn Ireland in 2003. The current Trustees and members of the Committee are: Mr Enda Daly (Chairperson) Mr Damian O'Donnell Mrs Audrey Brady Charitable Status The Cliib has been accepted as a charity for tax purposes by the HM Revenlie and Customs. The HMRC refcrence number is: . N100415 Thc Club has bccn registered with thc Charity Commission for Northern Trcland from 3rd Jiine 2015 under tlie Charity number'.- NIC102776 Statement of Compllance In setting our objectives and planning our activities for the year tlie trustees have given careful consideration to the Charity CoiThnission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. Principal Activities Dungannon Sub Aqua Club is an all-inclusive amateur sports club incorporating a search and recovery rescue unit, governed by the Irish Undenvater Council (CFT). Tlie Club was established to: Promote, facilitate and support the improvement of fitness Icvels of our mcmbers. Support the development of new skills such as scuba diving, snorkeling and first aid, while encouraging awareness and respect for the aquatic eiivironment. MeDonald O'Neill & Co. Chartered Ae¢ountants
DUNCANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) Provide vital assistance to the Civil Authorities on the rescue and recovery of missing persons. Assist in the protection and preservation of the marine environinent including the Inanagement of regular coastline cleanup operations. Provide assistance to Sea Search Ireland which is actively involved in the logging, identification and preservation of all marine life. Educate youth groups froni socially and financially deprived backgrounds by offering prograins, enabling them take part in sport while improving fitness and social skills. The Club's objectives for the 2022 year were to continue to encourage member progression throiigh the various diving grades with the possibility of achieving instructor level. We also encouraged our new members to becorne involved in search and rcscuc and takc part in training cxercises. In thc 2023 ycar, wc hope to continuc to encourage member progiession through the various diving grades and become involved in water based enviroNDental issues. We again successfully fulfilled tlie niinimuni searcli and rescue exercises as required by our govcrning body thc Irish Underwater Council (CFT) to rcmain on thcir Scarch and Recovery register. Financial Review The Trustees have a proCedie in place to review the accounts annually. The charily's accolints will be prepared each year to 31 August. These accoimts cover the year to 31 August 2022 and reveal a surplus of £1,792. Risk Management Thc Trustecs arc aware of the risks to which the charity may be exposed. A formal risk assessment process and strategies for dealing with identified risk areas is being fonnalised. SIGNED: DATE: .....I.¥.. Trustee SIGNED: Trustee McDoThald O'N¢ill & Co. Chartered Accountants
DUNGANNON SUB-AQUA CLUB (INCOIU)ORATING MID-ULSTER SEARCH & RECOVERY UNIT) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DUNGANNON SUB-AQUA CLUB We report to the charity trustees on our eXniatIOn of the accounts for the year ended 31 August 2022 which are set out on pages 7 to 9. Respective responsibilities of trustees and examiner As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northcrn Ireland) 2008. It is our responsibility to.. examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008,. 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. and state whether particular matters have come to our attention. Basis of independent examiner's report We have cxamined your cliarity accounts as requircd undcr scction 65 of the Charities Act and our examination was carried out in accordance with tlie general Directions given by the Charity Coinmission for Northern Ireland under section 65(9)(b) of the Charities Act. Our cxamination included a review of thc accounting records kcpt by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and secking explanations froni you as charity trustees concerning any sucli matters. Our role is to state whether any material matters have come to our attention giving us cause to believe.. l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting i'ecoi'ds 3. That the accounts do not comply with the accounting reqiiirements of the Charities Act 4. That there is furthcr information needed for a proper understanding of the accounts to be reached. Independent examiner's statement W¢ havc completed our exarnination and have no concerns in respect of the matters ( l ) 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. MCDONALD O'NEILL & CO Chartered Accountants S Union Buildings Union Place Dungannon Co. Tyrone Date.. 31 May 2023 McDonald O'Neill & Co. Chartered Accountants
DUNGANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) SUMMARY INCOME & EXPENDITURE ACCOUINT FOR THE YEAR ENDED 31 AUGUST 2022 2022 2021 INCOME Membersliip Subscriptions Release of Grant Revenue Grant Donations Bank Iiiterest 1,330 599 1,200 710 5,000 Total Income 6,930 1,915 EXPENDITURE Swimming pool hire Diviiig Equipinent maintenance Boat fucl aiid cxpcnscs Insurancc Motor running expenses Advertising Accounts & Professional Genci'al Depieciation - Boat Depreciation - Diving Equipnient Depreciation - Motor Vehicles 758 220 73 295 1,540 175 438 192 538 773 174 438 633 575 232 5,103 1,951 Financial Expenses Bank chargcs 35 20 Total Expenses 5,138 1,971 SURPLUS/(DEFICTT) OF TNCOME OVER EXPENDITURE 1,792 (56) We approve the financial stateinents which comprise the Income & Expenditure Account, Balancc Shcct and Notes. We acknowledge our responsibility for the financial staterncnts, including the appropriateness of the accounting policies, and for providing McDonald O'Neill & Co. with all information and explanations necessary for their compilation. SIGNED: DATE.. ..2-.T... . ... .... .... .... Trustee SIGNED: DA'IE: ..2l.-. ..o.¢2.-_..2.3..... Trustee McDonald O'IN'eill & Co. Chartered Accountants
DUNGANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) BALALNCE SHEET AS AT 31 AUGUS'f 2022 Notes 2022 2021 FIXED ASSETS Equipment 10,527 9,454 CURRENT ASSETS Bank Accounts Other Debtors 4,094 3,974 4,094 3,974 CURRENT LIABILITIES Creditor) & Accriials (450) (450) NET CURRENT ASSETS 3,644 3,524 DEFERRED CREDIT (3,560) (4,159) TOTAL ASSETS 10,611 8,819 Represented By: Funds at start of" the year Surplus/(Deticit) for year 8,819 1,792 8,875 (56) FUNDS BALANCE 10,611 8,819 McDonald O'Neill & Co. Chartered Accountants
DUNGANNON SUB-AQUA CLUB {INCORPOIL4TING MID-ULSTER SEARCH & RECOVERY UNIT) NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 MONTHS TO 31 AUGUST 2022 I. FIXED ASSETS Diving Equipment Boat & Accessories Motor Vehicles Total Opening Cost/Valuation Additions 11,456 2,558 12,659 1,650 25,765 2,558 At 31 August 2022 14,014 12,659 1,650 28,323 Depreciation Opening Charge lor year 6,284 773 9,073 538 954 174 16,3ll 1,485 At 31 August 2022 7,057 9,611 1,128 17,796 Wrilten Down Value 6,957 3.048 522 10,527 Dcpreciation is provided at rates calculatcd to writc off the cost or valuation Icss residual value of each asset over its expected useful life, as follows.. Diving Equiprnent Boat & Accessories Motor Vehicle IOO/o Reducing Balaiice 150/0 Reducing Balancc 25 % Rediicing Balance 2. DEFERRED CREDIT The Club received assistance from Mid Ulster Council towards the cost of a Club Boat. Diving Equipment and Motor Vehicle. The grants are being released over the expected life of cach asset. 2022 2021 Opening Balance Assistance received Released Year Ended 31 August 2022 4,159 4,869 (599) (710) Balance at 31 August 2022 3,560 4,159 3. CHARITY COMMISSION The Club has been registered as a Charity by the Charity Commission for Northcrn Ireland with effect from June 2015. The Club has been registered with HMRC as a Charity. McDonald O'Neill & Co. Chartered Accountants