DUNGANNON SUB-AQUA CLUB
(INCORPORATI]YG MID-ULSTER SEARCH & RECOVERY UNIT)
NORTHERN IRELAND CHARITY No NIC102776
REPORT AND FINANCIAL STATEMENTS
FOR THE 12 MONTH PERIOD ENDED 31 AUGUST 2023
McDonald O'Neill & Co.
Chartered Accountants
5 Union Buildings
Union Place
DUNGANNON
BT70 IDL

DUNGANNON SUB-AQUA CLUB
(INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT)
INDfx TO THL FINANCIAL STATEMENT
FOR THE 12-MONTH PERIOI) ENDF,D 31 AIIC.UST ?023
GENERAL INFORMATION.......
TRUSTEES REPORT....
INDEPENDENT EXAMINER'S REPORT...
SUMMARY INCOME & EXPENDITURE ACCOUNT.....
BALANCE SHEET AS AT 31 AUGUST 2023 ...
NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 MONTHS TO 31 AUGUST 2023....
McDonald O'Neill & Co.
Chartered Accountants

DUNGANNON SUB-AQUA CLUB
(INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT)
GENERAL INFORMATION
Trustees
Mr Aidan Abemethy (Chairperson)
Mr Damian O'Donnell
Mrs Audrey Brady
Administrative address
1 S Derrylappin Road
Brantry
DUNGANNON
Co Tyrone
BT70 ILS
Accountants
McDonald O'Neill & Co.
Chartered Accountants
5 Union Buildings
Union Place
DUNGANNON
Co. Tyrone
BT70 IDL
Bankers
Danske Bank
5 Market Square
DUNGANNON
BT70 IAB
Charity Number
NIC102776
Inland Revenue Tax Ref.
N100415
McDonald O'Neill & Co.
Chartered Aecountants

DUNGANNON SUB-AQUA CLUB
(INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT)
TRUSTEES REPORT
Structure, Governance & Management in INorthern Ireland
The charity was established in Northern Ireland in 2003.
The ciirrent Trustees and members of the Committee are:_
Mr Aidan Abernethy (Chairperson)
Mr Damian O'Donnell
Mrs Audrey Brady
Charitable Status
The Club has been accepted as a charity for tax purposes by the 14M Revenue and Customs.
The HMRC reference number is: .
N100415
The Club has been registered with the Charity Commission for Northern Ireland from 3rd June
2015 under the Charity number:.
NIC102776
Statement of Compliance
In setting our objectives and planning our activities for the year the trustees have given carL'ful
consideration to the Charity CommissAon for Northern Ireland's guidance on public benetit 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 Underwater Council (CFT).
The Club was established to:.
Promote, facilitate and support the improvement of fitness levels of our members.
Support the development of new skills such as scuba diving, snorkeling and tirst aid,
while encouraging awareness and respect for the aquatic environment.
M¢Donald O'Neill & Co.
Chartered Accountants

DUNGANNON SUB-AQUA CLUB
(INCORPOIL4TING 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 environment including the
management 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 from socially and financially deprived backgrounds by offering
programs, enabling them take part in sport while improving fitness and social skills.
The Club's objectives for the 2023 year were to continue to encourage member
progression through the various diving grades with the possibility of achieving
instructor level. We also encouraged our new members to become involved in search
and rescue and take part in training exercises. In the 2024 year, we hope to continue to
encourage member progressioii through the various diving grades and become
involved in water based environmental issues.
We again successfully fulfilled the minimum search and rescue exercises as required
by our governing body the Irish Underwater Council (CFT) to remain on theii. Search
and Recovery register.
Financial Review
The Trustees have a procedure in place to review the accounts annually.
The charity's accounts will be prepared each year to 31 August. These accounts cover the year
to 31 AugFUSt 2023 and reveal a deticit of (£2,413).
Risk Management
The Trustees are 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 formalised.
SIGNED:
DATE: ....Q..l.-o&-L4........
Trustee
SIGNED:
DATE: .
Trustee
McDonald O'Neill & Co.
Chartered Accountants

DUNGANNON SUB-AQUA CLUB
(INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT)
IINDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DUNGANNON SUB-AQUA CLUB
We report to the charity trustees on our examination of the accounts for the year ended 31
August 2023 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 (Northern 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 DirectTrons 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 examined your charity accounts 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 accounts presented with those records. It also includes consideration ol.any
unusual items or disclosures in the accounts, and seeking explanations from you as charity
trustees concerning any such matiers.
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 records
3. That the accounts do not comply with the accounting requirements of the Charities
Act
4. That there is further inf'ormation needed for a proper understanding of" the accounts to
be reached.
Independent examiner's statement
We have completed our examination 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.
Coa o, tsLJA
MCDONALD O'NEILL & CO
Chartered Aeeountants
5 Union Buildings
Union Place
Dungannon
Co. Tyrone
Date: 31 May 2024
McDonald O'Neill & Co.
Chartered Accountants

DUNGANNON SUB-AQUA CLUB
(INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT)
SUMMARY INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 3J AUGUST 2023
2023
2022
INCOME
Membership Subscriptions
Release of Grant
Revenue Grant
Donations
Bank Interest
2,750
506
1,330
599
300
5,000
Total Income
3,556
6,930
EXPENDITURE
Swiinming pool hire
Diving Equipment maintenance
Boat fuel and expenses
Insurance
Motor ruiining expenses
Advcrtising
Accounis & Professional
General
Depreciation - Boat
Depreciation- Diving Equlpment
Deprecialion - Motor Vehicles
427
1,196
758
220
338
2,009
295
1,540
175
438
192
538
773
174
438
457
696
131
5,692
5,103
Financial fi xpenses
Bank charges
40
35
Tolal Expenses
5,732
5,138
SURPLUSI(DEFICIT) OF INCOME OVER EXPENDITURE
{2,176)
1,792
We approve the financial statements which comprise the Income & Expenditure Account,
Balance Sheet and Notes. We acknowledge our responsibility for th¢ financial statements,
including the appropriateness of the accounting policies, and for providing McDonald
O'Neill & Co. with all infonnation and explanations necessary for their compilation.
SIGNED:
DATE: 01- 06-Z¢..................
Trustee
SIGNED:
DATE: ..o¥.-...££.-..24................
Trustee
MeDonald 0'Tr4eill & Co.
Chartered Accountants

DUNGANNON SUB-AQUA CLUB
(INCORPORATIING MID-ULSTER SEARCH & RECOVERY UNIT)
BALANCE SHEET AS AT 31 AUGUST 2023
Notes
2023
2022
FIXED ASSETS
Equipment
9,243
10,527
CURRENT ASSETS
Bank Accounts
Other Debtors
2,696
4,094
2,696
4,094
CURRENT LIABILITIES
Creditors & Accruals
(450)
(450)
NET CURREIYT ASSETS
2,246
3,644
DEFERRED CREDIT
(3,054)
(3,560)
TOTAL ASSETS
8,435
10,611
Represented By:
Funds at start of the year
Surplus/(Deficit) for year
10,611
(2,176)
8,819
1,792
FUNDS BALANCE
8,435
10,611
McDonald O'Neill & Co.
Chartered Aeeountants

DUNGANNON SUB-AQUA CLUB
(INCORPORATINC MID-ULSTER SEARCH & RECOVERY UNIT)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTHS TO 31 AUGUST 2023
I. FIXED ASSETS
Diving
Equipment
Boat &
Accessories
Motor
Vehicles
Total
Opening Cost/Valuation
Additions
14,014
12,659
1.650
28,323
At 31 August 2023
14,014
12,659
1,650
28,323
Depreciation
Opening
Charge for year
7,057
696
9,611
457
1,128
131
17,796
1,284
At 31 August 2023
7,753
10,068
1,259
19,080
Written Down Value
6,261
2,591
391
9,243
Depreciation is provided at rates calculated to write off the cost or valuation less residual
value of each asset over its expected useful life, as follows..
Diving Equipment
Boat & AccessorÉes
Molor Vehicle
10 % Reducing Balance
15 % Reducing Balance
25 % Reducing Balance
2. DEFERRED CREDIT
I"he 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
each asset.
2023
2022
Opening Balance
Assistance received
Released Year Ended 31 August 2023
3,560
4,159
(506)
(599)
Balance at 31 August 2023
3,054
3,560
3. CHARITY COMMISSION
The Club has been registered as a Charity by the Charity Commission for Northern
Ireland with effect from June 2015. The Club has been registered with HMRC as a
Chiwity.
M¢Donald O'Neill & Co.
Chartered Accountants