Craigavon Industrial Development Organisation
(a company limlted by guarantee)
13
Consolidated Statement of Financial ActRvities (including the eODsolidated income and expenditure account)
for the year ended 31 March 2024
Unreslrieled
funds
Restricted
funds
Totsl funds
2024
Unrestricted
funds
Regtricted
funds
Total funds
2023
Notes
Income
Income from generated funds
Activities for generating funds:
Rental and seryice charge income
Income from charitable activities-
101,525
IOlJ25
99,953
99,953
Rental and service charge income
Programme income
Conference room hire and other services
58J.481
581,481
31 J27
13.905
532,327
532,327
56,994
16,855
31J27
56,994
13,905
16,855
Other income:
Other sundry income
Tolal Ineome
26,916
723,827
26,916
755,1 $4
3,526
652,661
3,526
709,655
31J27
56,994
Expenditure
Charitable activities
528203
166
125,161
653J64
166
491,906
132
121,623
613,529
132
Costs of rdising ￿ndS
Total expenditure
Net incomel (expenditure) and net
movement in funds for the yevdr
Tax on net resources
528 J69
125,161
653,530
492,038
121,623
613,661
195,458
(93.834)
101,624
160,623
(64,629)
95,994
12
Net incomel(expeDditure) before transfers
Transfers between fimds
195,458
(79,586)
(93,834)
79,586
101,624
160,623
(50,618)
(64,629)
50,618
95,994
18119

Craigavon Industrial Development Organisation
(a company limited by guarantee)
15
Consolidated and company Balance Sheet as at 31 March 2U24
Group
2024
Group
?_n23
Con)pany
2024
Company
Tr*Otes
Fixed assets
Tangible assels
Investments
14
1421,154
2.514,353
2.421,154
2,514,353
15
2,421,154
2.514.353
2,421.158
2.514,357
Current assets
Debtors
Casli ai bank ￿ld I]¢￿id
16
34.978
1,17SOOI
1209.979
33.701
9R,745
986,446
33,462
1,174,970
1,208,432
32,371
952,742
985,113
Creditors: 2mounts f4111ng due wAthln one
ear
Net current assets
17
141587
I,(K+6,845
3,488,003
3,488,003
113009
872,104
3,386.461
3,386.461
1,067,952
3,489,106
3,489,IlJ6
873,129
3,387,482
3.387,482
Total assets less eurreDt liabilities
Net assets
The funds of the charily:
Unrestricted income funds
18
1.930,110
lJ58,996
3,489,A06
.814,238
1,573.244
3,387,482
1.929,007
1.558,996
3,488,003
1,813217
1,573,244
3,386,461
Restricted income fimds
19
Total funds
These fllMncial ststements have been prepared in xcordance with the special provisions of Part 15 of the Companies Act 2006
relating to charitable small companies.
ancial stal¢m¢nts w¢r¢ approved by th¢ bs)ard ¢yn 24 Octobcr 2024 ard ww¢ Jisned on its behèlf by:
Mr J E Moore
Chairman and director
Blane
rman and dlreetor
Vice
Craigavon Industrial Developmenl Organisatio
Registered number: N1017745
HI￿Rc Charity number: XR84334
CC.NI: NIC102848
Th¢ notes on pages 17 to 29 torni part of these financial statcments

Craigavon Industrial Development Organisation
(a company limited by guarantee)
16
>tatement of Cash Tr'lows and Consolidated Statemellt of Cash Flows
for the year ended 31 March 2024
Group
2V24
Group
2023
Company
2024
Company
2023
Reconclllatlon of net movement in funds to Det
eash flow from operating aclivilies
Net movement in funds
101,624
123,586
95,994
116,114
(179}
101,541
123,586
98,133
116,114
(179)
Add back d¢pTcciation charge
Less profit on disposal
Deduct interest income shown in inve￿1Thg
activities
(Increas¢YdecT¢as¢ in dcbtors
(Decreaseyincrease in creditors
Cash used in operating activities
Cash flow8 from investing activities
terest received
(19,142)
(1277)
28,710
233.501
(19,142)
(1,090)
28,578
233,473
(10.505)
(24,595)
176.829
(11,372)
(24,136)
178,560
19,142
19,J42
Proceeds from sale of fLxed assets
Purchase of tangible fixed assets
Cash used in investlDg a¢tiviti¢8
Cash flows from flnanclng Attlvltles
Repayment of borrowing
Cash used in financing activities
500
500
(30J87)
(11345)
(197,368)
(196,868)
(30J87)
(11245)
(197,368)
(196,868)
Increasel(decrease) in cash and cash equlvalents
In the
ear
Cash and cash equivalenls at the beginning of the
ear
Total ￿5h and cash equlvalenls at the end of Ihe
ear
222
222
28
952 745
972 784
952 742
971050
175 001
952 745
1174970
952 742
Group
2024
Group
2027
Compvdny
2024
Company
?.n?.q
Analysis of cash balances
Cash at bank and in hand
.175,001
952,745
1,174,970
952,742
Tlie iiotes oli pages 17 to 29 foiin p￿1 of fitwiGial Stat¢￿Cnts

Craigavon Industrial Development Organisation
(a company limited by guarantee)
17
otes to the financial statements for the year eDded 31 March 2024
Statutory information
Craigavon Industrial DeY¢lopment Organisation (CIDO) is a charitable company, limited by guarantee. registered in Northern
Ir¢land. The company's r¢gistered number, charitv number and regis*red office address can be found on page l.
Th¢ presentation cu)T¢n¢y of the fu)an¢ial statements is Pound Sterling (£). The level of rounding is £l.
Aeeounting policies
The principal accounting p)licies which have been applied consistently throughout the year are set out below.
Basis of preprdration of the finanelal statements
The consolidated fmancial statements have been prepared on the going concern basis under the historical cost convention and in
accordance with Charities Act (Northern Ireland) 2008 and subsequent arnendments. The Charities (Accounts and Reports)
Regulations (Northern Ireland) 2015, Companies Act 2006, the charity's Trust Deed, Arxounting and Reporting by Charities..
Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Rcpublic of Ircknid (FRS 102) (issucd lll OctobcA 2019).
CIDO meets the defmition of a public benefit entity under FRSIO2.
Bg9ig of ¢on$olldgtlon
Thc3c fman¢ial atat¢mcnts of Crai8avon Indu3trial Dcvclopm¢nt Organijation {CllJ)) con501idate the results of CIDO and its
wholly owned subsidiaries Clt)O (Management) Lirniled and INBIZ INI) Ltd. Intra ￿0UP transactions and balances are
eliminated on consolidatN)n. A separate Statement of Financial Activities and Income and Expenditure account for CIDO is not
presented, as CIDO has taken advantage of the exanptions afforded by Section 408 of the Companies Act 2006. In accordance
with ihe provisions of s398 of the Companies Act 2006 the cornpany elected to prepare the group accounts as the 'annual
accounts, for filing purposes with Companies House.
Going concern
After reviewing the charity's forecasts and projKtions. the tTUSt¢es have a reasonable expectation that the charity has adequate
Tesour¢cs to continu¢ in opcrational cxistence for the foreseeable future. The Charity therefore continucs to odopt the going
concern basis in preparing its financial statements.
Tanglble fixed assets
Tangible fixed assets are stated at ¢ost l¢ss accumulated depreciation. The cost of tangible fjxed assets is their purch&se cost,
together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets,
less their estimated residual values over the ¢xp¢cted useful ¢conomic lives of the assets con¢ern¢d. Th¢ prlncipal annual rates
used aT¢ a5 follows:
Long leasehold and free￿Id buildings
Planl, equipment, f￿tureS & vehicles
straight line basis
10 - 20 straight line basis
The depreciation charg¢ comtnences whcn the a55et is fjrst brought inlo use. The cost of frcchold land is not depreciated. Interest
costs directly attributable to the wn5truction of tsngible fixed assets are capitalised gro&s of tax relief during the period of
onstruction and written off as part of the total cost of the asset over its expected use￿1 economic life.
Inveslments
rix¢d ass¢t inv¢sttnents are stated at their purchasc cost less any provision for impairnienL Investment income is included in the
statement of fin8ncial activities on an basig.
Financial instrnmeDts
The charity only has financial assets and liabilities of a kind that qualify as b&sic financial instnm)ents. These are initially
reco￿lIsed ai Eransactlon value and subsequenTly valued at their seulemeni value.

Craigavon Industrial Development Organisation
(a company limlted by guarantee)
18
Notes to the financial statements for the year ended 31 March 2U24
Debtors
Short terni debtors are measured at transaction pri￿, le&8 impainnent.
Cash at bank and in harnd
Cash at bank and in hand includes cash and short t¢rn) highty liquid investm¢nts with a maturity of1¢ss than three months from
the date of deposit.
Creditors
Creditors are re¢ognised where the charity has a present obligation resulting from a event that will probably r¢$ult in the
transf¢T of fUnd￿Tr tu a third party and th¢ amount duc tu th¢ obligalioii can b¢ measured or estimated reliably.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the
lease is treated as a "flnance lease" The asset is recorded in the balance she¢t as a tangible f￿ed asset and is depreciated over
its ¢stimotod usefiAI economi¢ lif¢ or th¢ terni of the leoge, whichever is shorter. Futur¢ iostaiments under Buch 16aso$, n¢t of
f￿ance charges, are included within creditors. Rentals payable are apportioned betsyeen the fmance elemenl which is charged
to the Statement of Financial Activities and the capital element which reduces the outstsnding obligation for future instslments.
Rentals under operating leases are charged to the &atement of Financial Activities &8 incurred.
Deferred taxaiion
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date
where transactions or events that result in an obligation to pay more in the future or a right to pay less tax in the fvture have
occurred at the balance sheet date. A net deferred t&x &sset is recognised as recoverable and therefore recognised only when, on
the basis of all available evidence, it can be regarded as more likely than not that there will be suitable tsxable profils from which
the future reversal of the underlying timing differences can be deducted.
Deferred tsx is measured at the average tax rates are expected to apply in the peri(Mts in which the timing differences are
expected to reverse based on tsx rates and laws that have been enacted or substantively enacted by the balance sheet date.
D¢ferr¢d tax is measured on an undiscouni¢d basis
Income
Income is recognised when the charity has legal entitlement to the funds, any perfonnance conditions attached to the items are
mei, it is probable that the income will be rerxived and the amount can be me&8ured reliably.
Grnnts
Income from Government and other granty whether '¢apitsl' grants or 'revenue' grdtits is recognised wh¢n th¢ charity has
cntitlcmcnt to thc fund8, ttny pcrfnrniftncc conditiDn8 attllchcd to thc gr[￿ts have becn mel it is probabl¢ that th¢ income will
be r¢c¢ived and the amount can be m¢asur¢d reliably and is defetred.
Renlal and servlce eharge Income
Income from rentsls and service cbarges are credited to the Ststement of Financial Activities during th¢ relevant period
ofthe lease.
Other income
Voluntary incomq pro8ramme income. otTice services and other income are i￿luded in full in the Statement of Financial
A¢tiviti¢s when ￿elpt is probabl¢ and the amount ¢an be measured reliably.
Fund accounting
The company has various types of funds for which it is resWnsi￿1e and which require separate disclosure. Definitions of the various
types of fund5 are as follows:

Craigavon Industrial Development Organisation
(a company limited by guarantee)
19
Notes to the financial statements for the year ended 31 March 2V24
Restricted funds
Funds received which are earn]arked by the donor for specific purposes. The board may? at their discretiOT4 repurpose
unrestricted funds to restricted funds. Such pUry￿S are within the Ov￿all aims of the charity.
Unr£stricted funds
Funds which ate expendable at the discretion of the I￿￿ee5, in fi￿trance of the objects of the charity. In addition to
expenditure on projects and other activities, such funds May be held in ￿der to finance capital inv¢slment ond working
capital.
Irrecoverable VAT
Any T￿eCOVerable VAT is charged io the Statement of Financia] Activities or capitalised￿ part of th¢ ¢ost of the related asset whcr¢
appropriate.
Expenditure
All expenditure, includin8 3UPPOrt cost4 IJ ￿CoUnt¢d for on an accnmls basis thd ho3 bccn clossifiod undw h¢odin8s that agwsoto
all costs related to the catgory. Where costs cannot be direc(ly attributed to particular headings they have been allocated to activities
on a basis consist¢nt with use of the resources. Staff costs and ov¢rhead expenses ar¢ allocated to activities on the basis of staff
time spent on those activili¢s.
Cost of ratslng thnds
The cost of raising funds includes all costs aSs￿lated with generating income fiTh all sour¢es other than from undertaking
Charitable aetivities
Chwitabl¢ octivities expenditure comprises thosc ¢03ts incurrcd by thc ¢harity in the delivery of its a¢tiviti¢$ and s¢rvi¢¢s
for its beneficiaries. It includ¢s IK)th costs thal ¢an be allocated directly t) such adivities and those costs of an indirect nature
necessary to support them.
CovernAnce c&qt
Governance Costs include expenditure on administration of the charity and compliance with constitutional and statutory
requirements, and an appropriate apportionment of indirect costs.
Support Costs
Support costs include the central office fundions such &8 general rnanagemenL payroll administration. budgeting and
accounting, inforniation technology, human resources and financing. These have been allocated tocharitable activities, costs
of g¢n¢rdling fun(k and gov¢rnanc¢ costs on a basi5 con5iSt¢nt with th¥ u¥¢ Ordi￿¥ resources.
Pension eosts
Thc company opcrntc3 a d¢fin¢d wntribution pension gchemc for the b¢n¢fit of thos* of its pernianent wishin8 to participate.
The &ssets of the scheme are administered by an insurance company in personal pension plans and ar¢ h¢ld independently from those
of the company. The c05t of funding the der￿ed contr11￿tion scheme is ch￿E¢d ¢0 the Statement of Financial Activities as incurred.
Critical aceountlDg judgements gnd key souroes ofestimation uncertAinty
Estimates and judgements are required when applying accounting policies. These aT continually evaluated and are based on
historical ¢xp¢ri¢n¢¢ and oth¢r fa¢tors. including ¢xpcdations of futur¢ ¢v¢nts th& are believed to be r¢asonable Under the
circumstances. The company makes estima*s and assumptions concerning the future, which can involve a high degree of
jud8ement or complexity. The resulting accounting estimt*tes will. by defmition. se.Idorn e.qllAI the. related actu&l re8ll.ts. The
estimates and assumptions that have a significant risk of ￿lls1ng a material adjustment to the carying amounts of as%ets and
liabilitics within th¢ n¢xt finanGial ycar arc addrcsscd bclow:

Craigavon Industrial Development Organisation
(a company limited by guarantee)
20
Notes to the financial statements for the year ended 31 March 2U24
Useful economie lives of tangibk assets
The annual depreciation charges for wigible &ssets is sensitive iu iti dic estimated us¢ful economi¢ lives and T￿ldual
values of the assets. The usefijl economic lives and residual values are re-as￿SSed annually. They are amended when necessary
to Teflect current estimates, based on technological advancemenl ￿tUre itivestments, economic utilisation and the physical
condition of th¢ assets. S¢c note 14 for the carying amount of the &ssets. and aiy)ve for the use￿1 economic lives for each class
of ass¢t.
Programme income
2024
2023
Enierprise Nonhern Ireland
31J27
56,994
Other iDcome
2024
2023
Bank interest receivable
19,142
2,535
Solar Panel Payments
InsurÉmce cloim
3,096
430
Consultancy incom¢
Ten5ll)tq mi8cellaneou.q
1,222
4.017
Total other incoming resourees
26,916
3,526

f-• •n
r*
4 tr-
C* e4
f- e4
QO
o (
e4
-- Q4 e4
y)
Pl t-• ¢X*
• t-- •
ljiiiliillliiiili

V47
O tr- Q
< y) a r*J

c)
f-- fry
rn c¢J u) c

Craigavon Industrial Development Organisation
(a company limited by guarantee)
24
Notes to the financial statements for the year ended 31 March 2024
10 Employee information
2024
2023
Group and company
Staff Costs:
Wages and salaries
Social security costs
Employer's contributi(m to defined o)ntribution pension scheme
Employee benefits
256,930
20278
9,9J5
4161
291,284
253.262
20,603
9,104
4,519
287.488
Number
Number
The average monthly number of persons employed by the eompany and group
(including trustees) dllring the year by activity was:
A(Iministration
One employee received remuneration betweeD £60.000 and £70,IXIO (excluding employer pension costs) in the year (2023.. 1
employee).
The total amount of employee remuneralion to key management personnel was £18?.710 (2023: £142.332).
11 Trustees, emoluments
2024
2023
¥mulum¢nis
Company pension contributions to money pu￿h￿ schemes
Ex-gratia payment on retirement
No trustees have inCU￿d expenses on behalf of the charity and retirement benefits are not a¢¢rning to any trustee in either
There were no 8ifts to trnstses durin8 the year (2023: £Nil).

Craigavon Industrial Development Organisation
(a compally IiD]ited by guarantee)
25
Notes to the financial statements for the year ended 31 March 2024
12 Tax oll net resources
2024
2n23
Current tax:
UK corporation tax for the year at 250/0 (2023: IIP/.)
Totsl current tsx
Deferred tax
Accelerated capital allowances and other timing differences
Effect of changes in t&x rate
Tot91 deferred t9X
Tax on net income
The tax assessed for the vear is different to the main rth of corporation tax in the UK for cornpanies of 250/0 (2023.. 19tr/0).
The dlfferences are explalned below..
2024
2023
Net Income
101,624
25,406
95,994
18,239
Net income multiplied by the applicable companies rate in the UK of 250/0 (2023: I￿/tr)
Eftects of:
Net non taxable expenses
Current tax charge for the year
(25,406)
(18,239)
The company is r¢gi$tered as a charity, and as such is entitl¢d to ¢¢rtain tax e.¥¢mptions on income and profits from inv¢51m¢nts,
and surpluses on any trading activities Ca￿led on in furtherance of the charit)'s primary objectives, if these profits and surpluses
are applied solely for charitabk purposes.
The charity is registered for VAT and accordingly. all its expenditure is recorded net of any VAT incurred.
The company has tax losses of £305,500 (2023: £305,500) available for offsd against future taxable profits. A deferred tax asset
iivl brxii If¥VWllbrd iti rr2+yr¥l vf Ivbbf2+ ai ilirir fulutr Ir¥vv¢try A) wibrilaiii. It will bc A"c￿81]iSed wli¢n, oil th¢ basis
of all available evidence, it can be regarded &s more lthely than not there will be suitable taxable profits from which the futhre
reversal of the underlying timing difference can be deducte
13 Net income for the year
Of the net income for the fmancial year a swplus of £101,541 (2023: £98.133) is dealt with in the fmancial statements of the
parent charitable company.

Craigavon Industrial Development Organisation
(a eompany limited by guarantee)
26
Notes to the financial statements for the year ended 31 March 2024
14 Tangible assets
Long
leasehold
land 2nd
buildings
Centre I
Long
leasehold
land and
buildings
Centre 11
IA>ng
leasehold
land and
buildings
12 Centre
Free1￿Id
land and
buildings
Centre 111
Plant,
equipment.
rJxture5 &
vehicles
Group and eompany
Totgl
Cost
At l April 2023
Additions
615271
7.375
927.664
904,827
16.801
(IA ??$)
905.403
2,046,162
3,798
(6.176)
2,043,784
389.945
2.413
4.883.869
30,387
(22.401)
4,891,855
Disposals
At 31 March 2024
622,646
927,664
392J58
Aceumulated depreciation
At l April 2023
Charge for the year
Eliminated on disposal
At 31 Mgrch 2024
431,751
22,512
563,431
18,682
479,$93
18,428
(16225)
481,796
561,684
52,135
(6,176)
6V7,64J
333,057
11,829
2,369,516
123,586
(22,401)
2,470,701
454,263
$82,113
344,886
Net book amount
At 31 March 2024
168J83
34S551
364,233
423.607
1,436,141
47,472
2,421,154
At 31 March 2023
183,520
425,234
1,484,478
56,888
2,514,353
The cost of long leasehold land and buildings at 31 Nlarch 2024 i￿ludeS long leasehold land amounting to £35,996 (2023: £35,996)
and £71,450 (2023: £71,450) for Centre I ond Centre Il. resF*Ctivety and £321,415 (2023: £321,415) for 12 Centre. The cost of
freehold land and buildings at 31 Marth 2024 in¢ludes freehold land amounting to £138,750 (2023: £138:750) for Centre Ill.
The net book value of plant. equipment f￿rureS and motor vehicles includes £Nil (2023: £Nil) in respect of assets held under
hire purchase agreemenL
15
Investments
Company
21124
Investh]ent in CIDO (Management) Limited at cist
Investment in fNBIZ (Nl) Ltd at cost
CIDO (Management) Limited and INBIZ (Nl) Ltd are 10(P/o owned subsidiaries incorpornted in Northern Ireland with a
registered office addrcss a5 p¢r ClI)O, registration nurnb￿. N1020441 andN1034187 respectively and accounting periods cnding
on 31 March. At 31 March 2024 CIDO (MaDagem¢nt) Limited had net &gsets of £1.104 (2023: £1,022) and Inbiz (Nl) Ltd of £2
(2023: £2). For the year ended 31 March 2024 CIDO (Management) Limited %enerdted turnover of £101,526 (2023: £99,953)
and incuzred expenditure of £167 (2023: £133) resulling in a net profit aftcr tax of £101.359 (2023: £99.820). INBIZ (NI) Lid
did not trade during either year and generated neither a profit Thor a loss.

Craigavon Industrial Development Organisation
(a company limited by guarantee)
27
Notes to the financial statements for the year ended 31 March 2U24
16 Debtors
Grnup
Company
2024
2023
2024
2023
Trade debtors
14227
20,751
34,978
11.684
22,017
33,701
12,711
20,751
33,462
10.358
22,013
32,371
Prepayments and accTu¢d income
17
Creditors: amounts falling due within one year
Group
Cumpxny
2024
2023
21124
2023
Trnde. r.Te.ditnrs
31,683
26,459
25,179
25.364
62.774
111.317
31,683
26,459
83,445
25.179
25.364
62,466
i i i,nn9
Other tsx and social security
Accruals and (kferred iicome
142,027
Bank security in the forni of f4 r￿ed legal charge over the Company's and group's property at Carn Industrial Estate,
Portadown, an all mLmiC2 dcbcnturc over the proputy. asscts and revenues of thc group and a cross guarantee from a
subsidiary company are Tr.eld.
18 Unrestrieted fllnds
TraD&f¢rs
from
reslrlcted
fund
Balance
l Aprll
2023
Other
fund
transfers
Balance
31 March
2024
Group
Ineome
Expenditure
General funds
1,814238
723,827
{528J69)
14348
(93,834)
1,930,110
Transfers
from
restricted
fund
Balgnee
l April
2023
Other
rund
¢raTrsfers
Balance
31 March
2024
Company
Income
Expendlture
General funds
1,813217
723a79
(528303)
14348
(93,834)
1,929,007
Wlthin unr¢s￿l¢￿a fiinds Is a Developmeni Fund of £75Q.Q(M) whlch Is Idenrlfled by the Board io speciflcally mcct thc
charity's objectives over the next three years. Progress against the Dev¢lopment plan is monitored and reviewed at each Board
meeting.

Craigavon Industrial Development Organisation
(a company limited by guarantee)
28
Notes to the financial statements for the year ended 31 March 2024
19 Restricted funds
Balanee
l Aprll
2023
Transfers
to general
fund
Other
fund
transfers
Balance
31 March
2023
Group and company
Income
Expenditure
Capital fimd
Programme fun(ts
1373,244
(14248)
1.558,996
31 J27
31J27
(125,161)
(125,161)
93.834
93,834
l J73244
(14248)
IA58,996
The capital fund consists of fi￿d5 received for the pu￿hase of fixed assets which ar¢ transferred to unrestricted funds when
expended and then released io general llmds over the relaied asse￿ useful lifc.
Programme funds include contributions from Ente￿Ise Northern Ireland for the Go Su¢¢eed Programme, Exploring Enterprise,
ENI Loan Fund, and Enterprise Pathways.
20 Contingent liabilities
There is a contingent liat,ility to repay certain government grants received und¢r the tern)s of letters of offer from Invest N.l.
and the tkpartment of Communities. In the opinion of the trustees the terms of the letters of offer hai'e been complied with
and tto 103S is cXpcct￿4.
21 Anatysis of ner assets between funds
Unrestricted
funds
Restrlcted
funds
Total
funds
Group
Fund balances at 31 Nthrch 2024 are represented by:
Tangible fjxed assets
Net current assets
870,701
1,059,409
1,930,110
1,550,451
2,421.152
1,067,954
3,489,106
Total net assets
1.558,996
Uorestricted
fullds
Restricted
fulds
Total
funds
Company
Fund balances at 31 March 2024 are represented by:
TAn8ihle fixeAI Aisetg
Net current assets
870.701
1.058,306
1,929,007
1.550.451
8,545
lJ5&996
2,421,152
1,066,851
3,488,003
Total net assets

Craigavon Industrial Development Organisation
(a Company limited by guarantee)
29
Notes of the financial statements for the year ended 31 March 2U24
22 Related party disclosures and ultimate Controlling party
There is no ultimate controlling paty.
The cbaritable company bas taken advarltsge of the exemption, provisioned of FRS 102 and has not disclosed in its consolidated
accounts any transactions or balances between group entities which have been eliminated on consolidalion.
Detsils on the subsidiaries in¢lud¢d within th¢ ¢onsolidation are disclosed atNot¢ IS.
23 LRYdbility of members
Craisavon ]ndustrial D¢velopmont Cksani￿tton 18 a ¢(MnpaDy limit•d by Buax4nt¢e. The liabilty of the monber5 is bmited to an
amount not exceeding £1.
24 Auditor's jiability limitstion agreement
On l May 2024 the trustees, on bebajf of Ibe company> entered into a limited liability, agreement with their auditors. The
auditors liability is limited to an amount whicb is considered fair and reasonable. Ths has been disclosed in line with
ompany leglslarlon.