DUNGANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) NORTHERN IRELAND CHARITY No NIC102776 REPORT AND FINANCIAL STATEMENTS FOR THE 12 MONTH PERIOD ENDED 31 AUGUST 2024 McDonllld O?Neill & Co. Chartered Accountants 5 Union Buildings Union Place DUNGANNON BT70 IDL
DUNGANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) INDEX TO THE FINANCIAL STATEMENTS FOR THK 12-MONTH PIRIOD FNDED 11 AUGUST 2024 GENERAL INFORMATION.......................................................................,............,....,................... TRUSTEES REPORT....... INDEPENDENT EXAMINER'S REPORT........................................................................................... SUMMARY INCOME & EXPENDITURE ACCOUNT...............................,..,.,................................. BALANCE SHEET AS AT 31 AUGUST 2024.................................................................................. NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 MONTHS TO 31 AUGUST 2024...... MeDonald O'Neill & Co. ChArtered Accountants
DUNGANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) GENERAL INFORMATION Trustees Mr Aidan Abernethy (Chairperson) Mr Damian O'Donnell Mrs Audrey Brady Adminfistrative address 15 Derrylappin Road Brantry DUNGANNON Co Tyrone BT70 ILS Accountants McDonald O'Neill & Co. Chartered Accountants 5 Union Buildings Union Place DUNGANNON Co. Tyrone BT70 1 DL Bankers Danske Bank 5 Market Square DUNGANNON BT70 IAB ,Charity Number NIC102776 Inland Revenue Tax Ref. N100415 McDon#ld O'Neill & Co. Chartered Aetountants
DUNGANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) TRUSTEES REPORT Structure, Governance & Management in Northern Ireland The charity was established in Northern Ireland in 2003. The current 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 HM 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 car¢ful consideration to the Charity Commission for Northern Ireland's guidance on Pliblic 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 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 first aid, while encouraging awareness and respect for the aquatic environment. McDonald O'Neill & Co. Chartered Aeeountants
DUNGANNON 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 environment including the management of regular coastline cleanup operations. Provide assistance to Sea Search Ireland which is actively involved in the logging, ideiitification and preservation of all marine life. Educate youth groups from socially and fiiiancially deprived backgrounds by offering programs, enabling them take part in sport wliile improving fitness and social skills. The Club's objectives for the 2024 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 2025 year, we hope to continue to encourage member progression tlirough the various diving grades and become iiivolved in water based environmental issues, We again successfully fulfilled the minimum search and rescue exercises as required by our governing body the Irish undeater Council (CFT) to remain on their Search aiid Recovery register. Financial Review The Trustees have a procedure iii place to review the accounts annually. The charity's accounts will b¢ prepared each year to 31 August. These accounts covei. the year to 31 August 2024 and reveal a surplus of £1,433 Risk Management The Trustees are aware of the risks to which the charity may be exposed. A formal risk assessineiit process and strategies for dealing with identified risk areas is being formalised. SIGNED. Trustee SIGNED: Trustee McDonald O'Neill & Co. Chartered AccountAllts
DUNGANNON SUB-AQUA CLUB (INCORPORATING IVIID-ULSTER SEARCH & RECOVERY UNIT) INDEPENDENT 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 2024 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 (Northei'n 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 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 of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such 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 records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information 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. MCDONALD 0gNEILL & CO Chartered Accountants 5 Union Buildings Union Plaee Dunganllon Co. Tyrone Date: 19 June 2025 MeDonald O'Neill & Co. Chartercd Accountants
DUNGANIYON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) SUMMARY INCOME & EXPENDITURE ACCOUNT FOR THE YE4 AR ENDED 31 AUGUST 2024 2024 2023 INCOME Membership Subscriptions Release of Grant Revenue Grant Donations Bank Interest 4,225 576 2,750 506 4,177 300 Total Iiicoine 8,978 3,556 EXPENDITURE Swimmiiig pool hii'e Diving Equipment maintenance Boat fuel and expenses Insurance Motor running expenses Advertising Accounts & Professional General Depreciation - Boat Depreciation - Diving Equipment Depreciation - Motor Vehicles (Profit)/Loss on disposal 758 888 100 504 1,079 427 1,196 338 2,009 360 248 389 626 2,150 392 438 457 696 7,494 5,692 Financial Expenses Bank charges 40 Total Expenses 7,545 5,732 SURPLUSI(DEFICIT) OF INCOME OVER EXPENDJTURE 1,433 (2,176) We approve the financial statements which comprise the Income & Expeiiditure Account, Balance Slieet and Notes, We acknowledge our responsibility for the financial statements, including the appropriateness of th¢ accounting policies, and for providing McDonald O'Neill & Co. witli all information and explanations necessary for their compilation. SIGNED: rustee SIGNED: IC(-06-'15 Truste¢ McDonAld O'Neill & Co. Chartered Accountants
DUNGANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) BALANCE SHEET AS AT 31 AUGUST 2024 Notes 2024 2023 FIXED ASSETS Equipment 14,287 9,243 CURRENT ASSETS Bank Accounts Other Debtors 1,709 2,696 1,709 2,696 CURRENT LIABILITIES Creditors & Accruals (3,650) (450) NET CURRENT ASSETS (1,941) 2,246 DEFERRED CREDIT (2,478) (3,054) TOTAL ASSETS 9,868 8,435 Represented By: Funds at start of the year Surplus/(Deficit) for year 8,435 1,433 10,611 (2,176) FUNDS BALANCE 9,868 8,435 McDonald O'Neill & Co. Chartered AccountAnts
DUNGANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 MONTHS TO 31 AUGUST 2024 I. FIXED ASSETS Diving Equipment Boat & Accessories Motor Vehicles Total Openiiig Cost/Valuation Additioiis Disposal 14,014 12,659 1,650 8,600 1,650 28,323 8,600 1,650 At 31 August 2024 14,014 12,659 8,600 35,273 Depreeiation Opening Charge for year Elimination on disposal 7,753 626 10,068 389 1,259 2,150 1,259 19,080 3,165 1,259 At 31 August 2024 8,379 10,457 2,150 20,986 Written Down Value 5,635 2,202 6,450 14,287 Depreciation is provided at rates calculated to write off the cost or valuation less residual valLie of ¢ach asset over its expected useful lif¢, as follows: Diviiig Equipment Boat & Accessories Motor Veliicle l O % Reducing Balance 15 % Reducing Balance 25 % Reducing Balance 2. DEFERRED CREDIT The Club received assistance from Mid Ulster Council towards the cost of a Club Boat, Diviiig Equipinent and Motor Vehicle. The graiits are being released over the expected life of each asset. 2024 2023 Opening Balance Assistance received Released Year Ended 31 August 2024 3,054 3,560 (576) (506) Balaiice at 31 August 2024 2,478 3,054 McDonald O'Neill & Co. Chartered Accountants
DUNGANNON SUB-AQUA CLUB (INCORPORATING MID-ULSTER SEARCH & RECOVERY UNIT) 3. CHAtUTY 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 reoistered with HMRC as a Charity. McDonald O'Neill & Co. Chartered Aeeountants 10