``` 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)`| |---|---|---|---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 8 ```