Company registratioll number: N1604156 cRlty iegistration number: 103024 Doagh Cultural Society Limited (A ¢ompaDy limia by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2024 TB Millar & Co 6 Doagh Road Bally¢lare Co Antritn BT39 9BG
D02gh Cultural Society Limited Contents Reference and Administratlve Details Trnstees, Report 2to7 Independent Examinerfs Report Statement of Financial Activities Balance Sheet io Notes to the Financial Ststemellts llto19
Doagb Cultural Society Limited Reference and AdnJillistratAYe Details Chairman Michael Twkington Secretary CraÉg Laughlin Charity Registration Number 103024 Company Registration Number N1604156 The charity is incoryorated in Northern Ireland. Doagh Community Hall The Enty Doagh Ballyclare Antrijn BT39 OQW TB Millar & Co 6 Doagh Road Bally¢lar¢ Co Antrim BT39 9BG Registered OffA¢e Ind¢p¢ndellt Examiner Pag¢ I
Doagh Cultural Society Limited Trnstees, Report Trustees and oleerS Th¢ trustees and officers serving during the ye&r and since the year end were as follows: TrStees. Craig Laughlin WÉlliam Bissett (Death 2 April 2024) Andrew Marshall (resigned 31 May 2024) William IAugblin Thomas Elliott Michael TuTkington G&r¢th Bissett (appointed 2 April 2024) Mark Bissett (appointed 2 April 2024) Gary Lougblin (appointed I September 2023) Chairn]an; Michael Tukngton Secretary: Craig Laughlin Doagb Ctra1 Society Tn]ste¢s, also Dire¢tors of the Cbatity for the puryoses of the Companies Act 2006, have pleasure in submitting their annual rq)ort and fjnancial statements of th¢ C]wity for the year ended 31 August 2024. The trustees have adopted the provxsions of the Statement of Recommended Practice (SORP} 'AccouDting and Reporting by Charities, issued in 2005 in preparing their a[Ual report and fmancial statements of the ChaTity. The Charity is a Charitable rompany limited by guarantee and was incoTporated on 19 August 2010. IÉ is governed by a memornndum and articles of associatiorL Structure? governance and management The constitution wa5 adopted by the members of the Charity at a Special CTen¢rnl Meeting held on 24 May 2006 and stipulates the obje¢tAves and powers of the Chlty for the furtberan¢e of its stated objectives (outlilled below). Membership of the Charity is open to all and any person aged sixteen years or over living iJ] the area of benefit who subscribes to th¢ objectives of the charity and whose appEi¢ation for meD]bership is aocepted by the Committee shall be called att individual member and AS entitled to vot¢ at meetings of the charity. Except as provided otherwise in the Constitution th¢ policy and genernl nw]agem¢nt of the affair5 of tbe Ckwty shall be directed by a conulttCe elected at an Annual G¢n¢ral Meeting. Should the number of nominations exceed the numb¢T of vacancies, election shall be by secret ballot of the mejnbers of the Charity present and entitled to vots at #n Annual General Meeting. Results The results for the financial yeor are set out in the statem¢nt of financial activities. Principal activity and business review The ptincipal activiry of the Chartty is the advancement of education and the promotion of th¢ b¢n¢fit and being of the commullity in the areas of D0ag Cogry and Kllbrid¢ and their ¢nvirous in cOty Antrim. Page 2
Doagh Culturnl Soeiety Limlted Trnste, Report The directors are satisfied with the result and in line with exT)ectstions. Page 3
Doagh Cultural Society Limited Trustees, Report Directors and Trustees The Directors of the charitsble company (the Charity) and its tnjstees for the purpose of charlty law and tIOughoUt this report are collectivety refed to as the trustees. The members of the Board auring th¢ year were: . Craig Laughlin . William Bissett (ullti] death 2 April 2024) . Andrew Marshall . William Laugblin . Thomas Elliott . Michael Turkington . Gary Laughlin . Mark Biss¢tt . Gareth Bissett In accordance with the Articles of Association one third of the trustees retire by rotation and offer th¢n)s¢lves for re-election. Directors. Intertsts No director had at any ti]ne during the year a material inÉerest in any contract that was significant in relation to the Charity's busxness. Public Benefit The PUTpose of Doagh Cultural Society Limited is specifi¢ally restricted to the advancement of educatkon at the promotion of th¢ bellefit and wellbeing of the community and residents in the areas of Doagty Cogry and Kilbride and their environs in County Antrim. Support con)muDity development and wellbeing a¢tivities and to work WAth parthers to support EllEnunity Cohesion and sustainable conllnunities. Advan¢¢ education by piomoting public awareness of the history? fomore, architectural aud Cultural heritsge of the area of benefit and its inhabitallts. Prolnote and advance education and appreciation of the Ulster-scots language, histQry> folklore, literatLe, traditions, arts and culture. Promote the benefit of young people Èn the &rea of benefft and educate and assist such young people through their leisure time activities so as to develop their physicaL mental and emotional capacities so that they may grow to full Marity as kndividuals and members of the Charty so that their conditions of Ilfe nmy be improve(L Promote and fostsT racial alld ethnic harniony and diversity through the promotion of activities to foster knowledge and n]utual understanding between people from diverse backOLd$ through the provision of recreational facilities alld events involving the local community. Promote comraunty safety through the support and development of appropriate programnies aud projects, which aim to address Crime and anti-social behaviour. Advan¢e any other exclusivety c]JaTitable purposes as the trusteesldirectors mayy from time to time, deci(k in accordallce with the law of the Charity. Page 4
Doagh Cultural Society Limited Trustees, Report Achievement5 and perfornianc¢ The Charity entered into an agreement with the Thlstees of Doagb Orange Hall for the lease of Ihe Hall as a Community Halk for a 25-year period commencing on 8 October 2010 at an aDnual rent of £0.05 p¢ry¢ar. GROW South kntiim, through the Rural Development Fun¢ Provided a 750/fy grant towards building costs associated with the renovation and refurbtsl)ment of the Orange Hall for use as a Community Hall. Match funding was provid¢d by Newtownabbey BC and through fundraising projects. Th¢ Letter of Offer from GROW included the terns and Gonditions of the granL which included a legal charge over the building for a period not less than 10 years by the Departtnent of Agriculture alld Rural Development. Building woA( in the community Hall was complete in June 2011 alld it began use as a Community Hall from July 2011 onwards. The bank facilitated the process by providing overdtaft faciEities until the grant released, Fees were repaid through fundraising activities. During the 2024 year. the community hall has been used by the local playgroup. Maintenance grdnts were received to do work on the building. Community events were held during the year. A kids party was held duriDg the year. Financial Review Details of the results for the year 8re set out in the statement of fllthncial activitAes and related notss. The trnstees have review¢d the reselves of the Charity and strive to ensure there are ad¢quate reserves to cover any unforeseen expenditur¢ in the thture. Futsre Plans The Charity plans to continue management of tbe Hall in future years and to develop its activiti¢s ill accordance with its awrent objectives. Risk Managemellt The tswtees have a risk n]anagement strategy in place which comprises: An annual review of th¢ risks the Charity faces" Systell and procedures to mitigate risks identifked. and Implementation of procedures to ensure minimw)J iD]pact of the ¢harity should any of the risks materialise Fixed Assets The movements Sll fixed assets during the year are set out in the fillancial statements. Pag¢ 5
Doagh Cultural Society Limited Trustees, Report Small companies provision statement This r¢port1oq been prepared in accordance with the sn1 companies regime under the Companies Act 2006. The annual report was approved by the trnstees of the charity on 21 May 2025 and siglled on its behalf by.. Gary Loughlin Trustee Page 6
Doagh Cultural Society Limited Trustees, Report Statement of trustees, responsibilities The trustees (who ar¢ also the directors of Doagh Cultural Society Limited for the purposes of company law) ar¢ responsible for preparing th¢ trustees, report and the fU}cIal statements in a¢cordan¢e with applicable law and United Kingdom Accounting Standards (United Killgdom Generalty Accepted Accountitity Practice), including FRS 102 "The Financial R¢porting Standard applicable ill the UK and Republic of Ireland The report and a¢¢ounts have been prepared sn a¢cordanc¢ with the provisiong in the CompaDies Act 2006 relating to small companies. Company law requires the trustees to prepare fu1¢la1 statements for each fJnan¢ial year. Under company law the tnte¢S must not approve the fllwicial slatements unless they ar¢ Satisfi that they give a true and fair view of the state of affairs of the clwitable company and of the incoming resources and application of resources, including its ifA¢ome and eXpend1tt¢, of the charitable company for tIRt period. In preparing these fancial statements, the tntstees are r¢quired to: sel¢ct witable accounting policies and apply th¢m consistently. observe the methods and principles in the Charities SORP. make judoements and estimates that are reasonable and prndent. state whether applicable accounting standards, comprising FRS 102 have been followe subject to any material departures disclosed and explained in th¢ flllancial ststsments. and prq)are the financiaE statem¢nt$ on the going concern b&sis unless it is inapproprlate to pr¢sume that tbe charitable company will Continue in business. The trustees are responsible for keeping proper acGoullting records that can disclose with reasonable accuracy at any time the Fjnaacial position of the charitable company and enable them to ensure that the fllWLcial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitabl¢ company and hence for taking reasonable steps for th¢ prevention and detection of fraud and other irregularities. The trnstees are rponSIble for the nIntenanCe and integrity of the con)orate alld financial inforniatioll included on the charitable company's website. Legislation governkDg the preparntion and dissemination of f1j1 statements may difftr from legislation in other jurisdictions. Approved by the te8 of the chaTity on 21 May 2025 and SIed on its behalf by. Gary Lou Trustee Page 7
Doagh Cultural Society Lmmited Independent Examiner's Report to the trustees of Doagh Cultllrnl Society Limxted ('the Company,) I report to the tharity trustees on my examination of the aec<)unts of the Company for the year ended 31 August 2024. Responsibillties and basis of report Ag the cbarity's trustees of the Company (and also its directors for tbe purposes of co]Dpany law) you are responsible for th¢ prepardtion of the accounts in accordance with the requirements of the Cotnpani¢s Act 2006 ('the 2006 Act,). Having satisfied myself that th¢ accounts of the Company are not required to be auditsl under Part 16 of the 2006 Act and are eligible for independent ¢xaTnination, I report in respect of my examination of your clwity's accounts &s carried out under section 145 of the Chariti¢s Act 2011 ('th¢ 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity CornmissAon under section 145(5)(b) of the 2011 Act. llldependent examiner's statement I have completed my examination. I confllin that no matters have Con to Eny attention in conne¢tion with the examillation giving me cause to believe: accounting records were not kept in respect of Doagh Cultural Society Limited &s required by section 386 of the 2006 Act. or 2. the accouuts do ttot accord with those r¢cords" or 3. the accounts do not compty with the accounting requirnents of section 396 of the 2006 Act other than any requirement that the accowts give a 'ttue and fair view which is not a nMtter considered as part of an independent emm]nati or 4. the accounts have not been piepared in accordance with the methods and principles of the Statement of Reconwllended Practice for a¢¢ounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}]. I have no concerns and have come across no other matters io connection with the examination to which attention should be draNTrTr in this wjort in order to enabl¢ a proper understanthg of the acwunts to be reached. ill rFCA CCOUlltant oad Ballyclare Co Antrim BT39 9BG 21 May 2025 Page 8
Doagh Cultural Society Limited Statemellt of Financial Activities for the Year Ended 31 August 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted fund$ Total 2024 Note Income and Endowments from: Charitable activiÈi¢s Other trading activities 5,510 2,300 5,510 2,300 Total income 7,810 7,810 Expenditure on: Charitabl¢ activities (11,314} (8,279) (19,593) Total expenditure (11,314 (8,279) (19,593) Net expenditure Net movement in funds (3,504) 8,279 (11,783) (3,504) (8,279) (11,783) Reconciliation of funds Totsl funds brought forward Totsl fld$ caTried forward 2,354 49,848 52202 15 (1,150 Unrestricted funds 41,569 Restrieted fvnds 40,419 Total 2023 Note Income and Endowments from: Ckmritable activities 9,999 9,999 Total income 9,999 9,999 Expendlture on: Clwitable activities (14,936) (7,646) (22,582) (22,582) Total expenditure (14,936) 7,640 Net expenditure Net movement in fidS 4,93 (7.646) (12,583) (4,937) (7,646) (12,583) Reeonciliation of funds Total fiaS brought forward Total funds carried forward 7291 57.494 64,785 15 2,354 49,848 52,202 All of the chIty'S aotivities derive from continuing operations during th¢ above two periods. The fimds breakdown for 2023 is Shown in note 15. The notes on pages l I to 19 f<)rni an integral part of these fla1 stat¢rnents. Page 9
Doagh Cultural Society Limited (Registration number: N1604156) Balance Sheet as at 31 August 2024 2024 2023 Note Fixed assets Tangil)le set$ li 40,737 52,759 Current assets Cash at bank and in hand 12 41,766 49,782 Creditors: Amounts falllng due wlthin one year 13 (42,084 50,339) Net current Ilabilities (318) (557) 52,202 Net assets 40,419 Funds of the charity: Restrirted income funds Restricted funds 41,569 49,848 Unrestricted income funds Unrestricted fluidg (1,150) 40,419 2,354 Total funds 15 52,202 For the financial year ¢nding 31 August 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companÉ¢s. Directors, responsibilities: The members have not required the charity to obtain an audit of its acc4)unts for the year in question in accordance section 476; and The directors acknowledge their responsibi]itses for complying with the requirements of the Act with respect to accounting records and the prep&ratioll of accow)ts. These financial statements have beerA prepared in accordance with th¢ special provisions relating to ¢ompanies subject to the small companies regime within Part IS of the Companies Act 2006. The fmancial statements on pag¢s 9 to 19 were approved by the ttiistees, and authorised for issue on 21 May 2025 and signed on their behalf by: Gary Lou Trustee Th¢ notes on pages I I to 19 fonn an integral part of these financial statements. Page 10
Doagh Cultural Society Limited Notes to the Financial Statements for the Year Ended 31 August 2024 I Charity statu3 The charity is limited by guarantee. incory>ordted in Northern Ireland, and consequentty does not have share capital. Each of the tnL8tees is liable to CODtribut¢ an amouut not exceeding £1 towards the &ssets of the charity in the event of liquidation. The address of its reered office is: Doagb Community Hall The Enty Doagh Bally¢lare BT39 OQW TFLese fmallcial statements w¢re authorised for issue by th¢ truste¢s on 21 May 2025. 2 Aceountiug policies Summary of significant accountlng policies 2nd key ac¢ountlng estimates The Principal a¢counting policies applied ill the prepardtion of these fman¢ial statem¢nts are set out below. These polÉcies have been ¢onsistently applied to all th¢ years pre8enteQ unless otheTWiS¢ Stated. Statement of compliance Tbe financial statements have been prepared in acwrdance with Accountitig and Reporting by Charities: Statement of Recommend¢d Practice (applicable to Charities prepaying their accounts ill accordance with the Financial Reporting Standard applAcable in the UK and Republic of Ireland (FRS 102)} (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Rq)orting St&odard applicable in the UK artd Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Doagh Cultal Society Limited meets th¢ definition of a public benefit entity ullder FRS 102. Assets and liabilities are initially recognised at historical cost or transartion valu¢ unless otheThvise stated in the relevant counting pokicy notes. Going concern The trustees consider that th¢r¢ are no material ullcertainti¢s about the Charitys ability to continue as a going concern nor auy signifi¢ant are of uncertainty affect the carrying value of assets held by the charity. Income and endowments Expenditure All exp¢ndittwe is recoguised once there is a legal or cot)stLuctive obligation to that expenditure, it is probable settlement is required and the atnount can be measured r¢liably. All costs are allocated to the applicable expendits¢ heading that wegate similar costs to that category. Wher¢ costs cannot be directly attributed to particular headings they have b¢ell alEocated Oll a b&8is consistent with the use of resources, with central staff costs allocat on the basis of time spent, alld depreciation charges allocated <>n the portion of the asset's use. Other support costs are alkocated based on the spread of stsff costs. Pagell
Doagh Cultural Society Limited Notes to the Financial Statements for the Year Ended 31 August 2024 Chqn't4ble acliwtses Ckwitable expendItt¢ comprises those costs incurred by the eharty in the delivery of its activities and s¢rvices for its beneflciaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support therrL Support costs Support costs include Central knctions and have been allocated to activity cost cthgories on a basis ¢onsistent with th¢ use of resources, for example. allotItig propety costs by floor areas, OT per captta, staff costs by the time spent and other costs by their usage. Governance costs These include th¢ costs attributable to the charity's compliance witb constitutional and statutory Tequirements. including audit, strategic llEement and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Pardgraph I ScheduEe 6 of the Finance Act 2010 therefore it me¢ts th¢ def1ton of a charitable company for UK corporation tax Pillposes. Accordingty, the charity is potentially exempt from t&xation in respect of income OT capital gains received within categoTÉes overed by Chapter 3 Part I l of the CoryN)ration Tax Art 2010 or Section 256 of th¢ Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable pu4)oses. Tangible fixed assets tndividual fixed assets costing £1.00 or more are initially recorded at cost, less any subsequent accumulated depre¢iation and subsequent accuniulated impainnent losses. Depreciation and amortisation Depreciation ig provided on tangible fixed assets so as to write off the cost or valuation, le&s any ¢stimated residual value, over their expected useful economi¢ lift &8 follows.. Asset class Buildxng Costs Depreciation method and rate remaining use1 life of th¢ l¢&se on cost Cash and cash equivalents Cash and cash equivakents comprise cash on hand and call deposits, and other short-terni highly liquid investtnents that are r¢adily convertibk to a known amount of casb and are subj¢¢t to an insignificant Tisk of thange in value. Borrowings Luterest-beaTing borrowings are initially recorded at fair value, net of transaction costs. Tnkrest-bearing borrowings are subsequently carried at amortised cosL with the difference between the proceeds, net of transa¢tioll costs, and the amouTht due on reden)ption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is r¢cognised on the basis of the effectÉve interest metknd aud is included In interest payable and sin)ilar charg¢s. Borrowillgs are classified as current liabilities unless th¢ charity has an unconditional rigbt to defer settlement of the Riability for at least twelve months after the reporting date. Page 12
Doagh Cultsral Society Limlted Notes to the FillaJAcial Statements for the Year Ended 31 August 2024 Foreign ex¢h8Dge Transactions in foreign currencies are Tecorde4 at the rate of exchange at the date of transaction. Monetary assets and liabilities denominated in foreigTA currenrA¢S at the balance sheet date are Teported at the rates of exchange prevaili-llg at that date. The resLllts of overseas operations are tr8nslated at the average rates of ex¢bange duri0 the peri(d and their balance sheets at th¢ rat¢s nlling at the balance sheet date. Exchange diffeTen¢es arisÈng on translation of the opening net assets aLd results of overseas operntions are reported in otheT compr¢he]L8ive income and accumulatsd equity (attiibuted to non-controlling interests as appropriate). Other exchange differences ar¢ recognised in the Statement of Financial Activities in the period in which they arise except for: l) exchange differences on transactions entered iuto to hedge certain foreign currency risks (see above). 2) exchange differences arising on gains or losses oll non-monetary items which are recognis¢d in other compr¢h¢nsRve income. and 3) in the case of the consolidated ffftancial statements, exchange differellces on monetary ltell r¢¢eivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forniing part of the n¢t investment iu the foreigll operntion), which are recognised other comprehensive inrne and reported ullder equity. Page 13
Doagh Cultural Society Limited Notes to the Financial Statements for the Year Ended 31 August 2024 Fund strn¢thre Unrestii¢ted income funds are g¢neTal funds that are available for use at the trustees discretion in fifftherance of the objectkves of the chlty. Restricted income funds are tbose donated for use io a particular area or for specific pU)SeS, the use of which is restrictrd to that area or purpose. 3 Illeome from eharitable activities Unrestricted fuDds General Total funds Hall Rentals Grants 2,21Y) 3,310 2,200 3,310 Total for 2024 5,510 5,510 Total for 2023 9,999 9,999 4 Income from other trading a¢tivitles Unrestricted funds General Total funds Local fi]ndraising and street Gollection income 2,300 2,300 Totsl for 2024 2,300 2,300 5 Expenditure on eharitsble activities Unrestrieted funds General RtrIcted funds Total funds Note Community Events Depreckation, amortisation and other similar costs Allocated support Costs Governan¢¢ costs 374 374 3,743 6,680 517 8,279 12,022 6,680 517 Total for 2024 11,314 8,279 19,593 Total for 2023 14,936 7,646 22,582 Page 14
Doagh Cultural Society Limited Notes to the Financlal Statements for the Year Ended 31 August 2024 6 Allalysis of governanee and support costs Charitable a¢tivitles expenditure Unrestricted funds General Total fuuds Basis of allocatioll Water Rates Insurance Repairs & Kenewals Bank charg¢s Light, Heat & Power Telephone & Illternet 647 2,334 I,ioo 210 1,719 670 647 2,334 I,ioo 210 1,719 670 Total for 2024 6,680 6,680 Total for 2023 7,548 7,548 Basis of alloeation Reference Method of allocation Direct Governance $t$ Unrestricled funds General Total funds Independent examiner fees Exan)ination of the financial statements 517 517 Total for 2024 517 517 Total for 2023 490 490 7 Net incominglolltgoing resources Net outgoing resources for the year include.. 2024 2023 Depreciation of fixed assets 12,022 11,103 Page 15
Doagh Cultural Society Limited Notes to the Financi21 Statements for the Year Ended 31 August 2024 8 Trustees remulleration and expenses No tsiees, nor any persons conn¢ctsd witb thenL have TeG¢ived any remuneration from the charity during the No trustees have received any re1nurSed expenses or ally other benefits from the charity during the year. 9 Independent examiner's remuneration 2024 2023 Examination of the fsnancial ststemellts 517 490 10 Taxation The charity is a reer¢d charity and is therefore exempt from taxatioll. 11 Tattgible fixed a&sets Land and buildings Total Cost At I SeptenAber 2023 145270 145.270 At 31 August 2024 Depreciation At I September 2023 Charge for the year At 31 August 2024 145,270 145,270 92,511 12,022 92,511 12,022 104,533 104,533 Net book value At 31 August 2024 40,737 40,737 At 31 August 2023 52,759 52,759 Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land alld buildings and £40,737 (2023 - £52,759) in respect of leaseholds. Page 16
Doagh Cultural Society Limited Notes to the Financial Statements for the Year Ended 31 August 2024 12 Cash and tash equivalents 2024 2023 Cash i)n hand Casb at bank 200 41,566 41,766 200 49,582 49,782 Bank overdrafts (41,569) (49,848) Cash and cash equivalents in statement of cash flows 197 (66) 13 Creditors: amounts falling due within one year 2024 2023 Bank overdrafts Accn 41,569 515 49,848 491 42,084 50,339 14 Contingent liabilities Generating Rural Opportutiities Within (GROWI South Antrim provided 75010 Wt aid for the building costs, building control fee and professional fees associated with the renovation and refurbishment of the Orange H1 for use as a Community Hall. The letter of offer from GROW South Antrijn iDclllded the ternis and ¢onditions of the m, which included a legal charge over the building for a period not less than 10 y¢ars by the Departtnent of Agriculre and Rural Development (DARD}. Th¢ letter of offer outtines a set of specific ircumstan¢¢s that if breached could resuEt in the grant being disallowed, reduced or recovered. Page 17
Doagb Cultural Society Limlted Notes to the Financial Statements for the Year Ended 31 August 2024 15 Fllnds Balance at I September 2023 Incoming resource$ Resources expended Balance at 31 August 2024 Unrestricted funds General 2,354 7,810 (11,314) (8,279 (1,150) 41,569 Restricted funds 49,848 Totsl funds 52,202 7,810 (19,593 40.419 Balan¢e at I September 2022 Ineomxng . resources Resources cxpended Balanee at 31 August 2023 Unrestrieted funds Genera 7,291 9,999 (14,936) (7,646) 2,354 Restrieted funds 57,494 49,848 Total funds fv1,785 9,999 (22,582) 52,202 Page 18
Doagh Cultural Society Lilnited Notes to the Financial Statements for the Year Ended 31 August 2024 16 Analysis of net assets between funds Unrestrieted funds Cener21 Total funds at 31 August 2024 Restrieted funds Tangible f¢d assets Clwrent assets Current liabilities 40,737 197 {42,084) (1,150) 40,737 41,766 (42,084 40,419 41,569 Total net assets 41,569 Ullrestricted funds General Total funds at 31 August 2023 Restricted funds Tan7)le fix assets Curr¢nt assets cllent liabilities 52,759 (66) (50,339 52,759 49,782 50,339 49.848 Total net &ts 2,354 49,848 52,202 17 Analysis of net funds Atl September 2023 At 31 August 2024 Cash at bat)k and in hand B&Dk overdraft 41,766 (41,569 197 41,766 41,569) 197 Net debt 197 197 Atl September 2022 At 31 August 2023 Cash at bank and in hand Bank overdraft 49,782 (49,848) (66) 49,782 (49,848) (66 Net debt 66 Page 19