Report of the Directors and
Unaudited Financial Statements for the Year Ended 31 October 2022
for
DERRYNOOSE COMMUNITY
DEVELOPMENT ASSOCIATION LTD
DERRYNOOSE COMMUNITY
DEVELOPMENT ASSOCIATION LTD (Registered number: NI031508)
Contents of the Financial Statements |
|
for the Year Ended 31 October 2022 |
|
|
Page |
Company Information |
1 |
Report of the Directors |
2 |
Report of the Accountants |
3 |
Abridged Income Statement |
4 |
Abridged Balance Sheet |
5 |
Notes to the Financial Statements |
6 |
Detailed Income and Expenditure Account |
8 |
DERRYNOOSE COMMUNITY
DEVELOPMENT ASSOCIATION LTD
Company Information
for the Year Ended 31 October 2022
DIRECTORS: |
F Haughey |
|
J I Lennon |
SECRETARY: |
J I Lennon |
REGISTERED OFFICE: |
38 Fergot Road |
|
Derrynoose |
|
Keady |
|
Co. Armagh |
|
BT60 3DN |
REGISTERED NUMBER: |
NI031508 (Northern Ireland) |
ACCOUNTANTS: |
WHR Accountants Ltd |
|
Chartered Certified Accountants |
|
Statutory Auditors |
|
56 English Street |
|
Armagh |
|
Co. Armagh |
|
BT61 7LG |
Page 1
DERRYNOOSE COMMUNITY
DEVELOPMENT ASSOCIATION LTD (Registered number: NI031508)
Report of the Directors
for the Year Ended 31 October 2022
The directors present their report with the financial statements of the company for the year ended 31 October 2022.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2021 to the date of this report.
F Haughey
J I Lennon
Other changes in directors holding office are as follows:
P Tomany ceased to be a director after 31 October 2022 but prior to the date of this report.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
J I Lennon - Director
4 July 2023
Page 2
DERRYNOOSE COMMUNITY
DEVELOPMENT ASSOCIATION LTD
Report of the Accountants to the Directors of DERRYNOOSE COMMUNITY DEVELOPMENT ASSOCIATION LTD
AsdescribedontheBalanceSheetyouareresponsibleforthepreparationofthefinancialstatementsfortheyear ended
31 October 2022 set out on pages four to seven and you consider that the company is exempt from an audit.
Inaccordancewithyourinstructions,wehavecompiledtheseunauditedfinancialstatementsinordertoassistyoutofulfil your
statutory responsibilities, from the accounting records and information and explanations supplied to us.
WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG
4 July 2023
This page does not form part of the statutory financial statements
Page 3
DERRYNOOSE COMMUNITY
DEVELOPMENT ASSOCIATION LTD (Registered number: NI031508)
Abridged Income Statement
for the Year Ended 31 October 2022
|
|
31.10.22 |
31.10.21 |
|
Notes |
£ |
£ |
GROSS SURPLUS |
|
44,544 |
2,614 |
Administrative expenses |
|
7,890 |
3,689 |
OPERATING SURPLUS/(DEFICIT) and |
|
|
|
SURPLUS/(DEFICIT) BEFORE TAXATION |
|
36,654 |
(1,075) |
Tax on surplus/(deficit) |
|
- |
- |
SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
|
36,654 |
(1,075) |
The notes form part of these financial statements
Page 4
DERRYNOOSE COMMUNITY
DEVELOPMENT ASSOCIATION LTD (Registered number: NI031508)
Abridged Balance Sheet
31 October 2022
Notes
FIXED ASSETS
Tangible assets
5
CURRENT ASSETS
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
NET CURRENT (LIABILITIES)/ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
RESERVES
Income and expenditure account |
31.10.22
£
4,919
23,229 |
£
133,152
(18,310)
114,842
114,842
114,842 |
31.10.21
£
3,799
2,750 |
£
77,139
1,049 |
|
|
|
|
78,188 |
|
|
|
|
78,188 |
|
|
|
|
78,188 |
ThecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 October 2022.
The membershavenot requiredthe companyto obtainan auditof its financialstatementsforthe yearended 31 October2022 in
accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
Thefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocompaniessubjecttothe small
companies regime.
All the membershaveconsentedto the preparationof an abridgedIncomeStatementand an abridgedBalanceSheetforthe year
ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.
ThefinancialstatementswereapprovedbytheBoardofDirectorsandauthorisedforissueon4 July2023andweresignedon its
behalf by:
J I Lennon - Director
The notes form part of these financial statements
Page 5
DERRYNOOSE COMMUNITY
DEVELOPMENT ASSOCIATION LTD (Registered number: NI031508)
Notes to the Financial Statements
for the Year Ended 31 October 2022
1. STATUTORY INFORMATION
DERRYNOOSECOMMUNITYDEVELOPMENTASSOCIATIONLTDisaprivatecompany,limitedbyguarantee,registered in
NorthernIreland.Thecompany'sregisterednumberandregisteredofficeaddresscanbefoundonthe Company
Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
ThesefinancialstatementshavebeenpreparedinaccordancewithFinancialReportingStandard102"The Financial
ReportingStandardapplicablein the UK and Republicof Ireland"includingthe provisionsof Section1A "Small Entities" and
the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnoverismeasuredatthefairvalueoftheconsiderationreceivedorreceivable,excludingdiscounts,rebates, value
added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
Taxationforthe yearcomprisescurrentand deferredtax.Tax is recognisedin the IncomeStatement,exceptto the extent
that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognisedat the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.
Deferred tax
Deferredtaxisrecognisedinrespectofalltimingdifferencesthathaveoriginatedbutnotreversedatthebalance sheet
date.
Timingdifferencesarisefromtheinclusionofincomeandexpensesintaxassessmentsinperiodsdifferentfromthose in
whichtheyarerecognisedinfinancialstatements.Deferredtaxismeasuredusingtaxratesandlawsthathave been
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelievedtaxlossesandotherdeferredtaxassetsarerecognisedonlytotheextentthatitisprobablethattheywill be
recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was NIL (2021 - NIL).
4. OPERATING SURPLUS/(DEFICIT)
The operating surplus (2021 - operating deficit) is stated after charging:
|
31.10.22 |
31.10.21 |
|
£ |
£ |
Depreciation - owned assets |
4,203 |
2,006 |
continued...
Page 6
DERRYNOOSE COMMUNITY
DEVELOPMENT ASSOCIATION LTD (Registered number: NI031508)
Notes to the Financial Statements - continued
for the Year Ended 31 October 2022
5.
TANGIBLE FIXED ASSETS
COST
At 1 November 2021
Additions
At 31 October 2022
DEPRECIATION
At 1 November 2021
Charge for year
At 31 October 2022
NET BOOK VALUE
At 31 October 2022
At 31 October 2021 |
Totals
£
85,617
60,216 |
|
145,833 |
|
8,478
4,203 |
|
12,681 |
|
133,152 |
|
77,139 |
Page 7
DERRYNOOSE COMMUNITY
DEVELOPMENT ASSOCIATION LTD (Registered number: NI031508)
Detailed Income and Expenditure Account for the Year Ended 31 October 2022
Turnover
Sales
Other Grants
Cost of sales
Purchases
Direct Costs
GROSS SURPLUS
Expenditure
Insurance
Repairs to property
Sundry expenses
Accountancy
Legal fees
Depreciation of tangible fixed assets
Plant and machinery
Fixtures and fittings
Finance costs
Bank charges
NET SURPLUS/(DEFICIT) |
31.10.22
£
1,949
44,361
1,766
-
245
390
1,723
480
600
89
4,114 |
£
46,310
1,766
44,544
7,641
36,903
249
36,654 |
31.10.21
£
2,314
1,000
-
700
465
208
-
770
-
98
1,908 |
£
3,314
700
2,614
3,449
(835)
240
(1,075) |
|
|
|
|
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This page does not form part of the statutory financial statements
Page 8