## **Derrynoose Community Development Association Ltd** ## **Annual report and accounts for the period ending 31 October 2023.** ## **Introduction** Derrynoose Community Development Association was established in October 1996 to provide support for, a focus for and a modern purpose built base to aid community development in the area It provides and manages the Derrynoose Community Centre. This provides a modern purpose-built community Centre for the use of the people of Derrynoose and by local community-based groups. It provides a range of leisure and sporting facilities for the use of the local community; these include community festivals and community sports days. It provides opportunities for art, drama and music and local education classes and in partnership with the local school provides an annual Christmas fair. It provides facilities for the local youth club and for the pensioners club. It provides services for the local community at the time of family bereavements including a funeral meals service. It supports summer schemes for local children. ## **Legal status** Derrynoose Community Development Association is established as a company limited by guarantee and is registered as a charity with the Charity Commission for Northern Ireland. ## **Directors and Management Committee members** ## **The directors of the Association are** : Mr Francis Haughey, Chairman and Director. Mr Jim Lennon director and company secretary ## **Management Committee members** Elaine Mcguigan Chairperson Caroline Duffy Secretary Claire Farrell Treasure Shannon McGuigan PRO Pauline McKernan Committee member Roseanne Murphy Committee Member Sharon McCarthy Committee Member Nuala McKenna Committee Member ## **Summary of activities for the past year** Over the past year we have run several different activities Indoor Bowls, Ceili Dancing, Zumba, Basketball, Football, Pilates and Yoga Family bereavement service We also engaged in fundraising actives, Family Fortunes, Big Breakfast and Santa Sunday / Christmas fayre ## **Financial Reports** A copy of our financial statements together with a copy of Independent Examiner’s Report to the trustees is included in this report. ## **Plans for forthcoming year** We plan to keep our current classes running and are hoping to add a few more we also are planning a fundraiser (fashion night) and plan to run our Christmas fayre again. Re rtof the Direct and naudited Fina￿la1 State rt5forthe Year Ended 31 ber2023 DERRYIIOOSE COMMUNITY DE￿ElOPMEr￿t￿Sso￿A NLTD DEPRYNOO COMMUNrrY DEVELOPMENfASSOCIATION LTD rÈdn mber. N1031 ConteTrts of the Financial 5t3temènts forthe Year Ended 31 ottober 2023 Pa8e Company Inforniatbn Rewrr of thE Directors RerA)rt￿theAcCQun1aThts AbriO8ed Income Statement Abridged Salance Sheei Note5 to the Firianeial 5tatemenrs Detailed Income and Empend(bJ￿kn0urtl O&RRYN005E COMMUNITY DEVELOPMENT 45soaAnON LTD Com InformatioTr fortheyear Ended 31 r 2023 DIREcfoRS.. F Haughey J l Lennon 5ECREfARY: J l lennon RE$15TEREDOFFILX. 38 FergotRoèd Oerryn005e Co. Armaeh 8T60 3DN REGLSTERED NUMBER.. N1031508INorthern IrELirndl WHR Accountsnts Ltd Charte￿d CErtffie¢ Accountsnts ststVEDryAuditors 56 English Street Armègh to. Arm3Eh BT61 7LG Page I ERRYNOOSE COMMUNtrY DEVELOPMENT ASSOCNllON LTD R tsterÈd number. NIO of the DirectDf5 tor the Year End d 31 Ortober2023 The dlrectots pre5entthelr report￿yththefi￿ar￿k1Israt£rneOts ofthe companyl0rthe￿arended 31 Cttober 1023. DIREcfoRS The d[rett0￿ below have hEld office durfrEtheWh)￿ Dfthe pemd from l N￿em￿r2022 tothE dateof thls report. F Haughey J l Lenno Otherchange5 In directors holdingofficeare as folkM= PTomany-deceased 21January2023 Thls report ha5 been prepared sn acCorda￿e￿ith the pr￿￿510n$ of Port 15 of theCompan*skn2C¥kfjteLitin8tO small companles. ON BEHAIF OFTrtE BOARD.. J I LEnnon- Dir 16 May 2024 Page 2 DERRYN SE CQMMUNTrI DEVELOPMENTJISSOCIATION LTD ort of the At ntintstothe Di DERRYNoose COMMUNITY DEVELOPME￿ ASSOCIAnON LTD As described on the Balance SheEt you afe responsi14e for the preparaibn of fiDaDLial mtemernts for the year ended 31 October2023 set out Dn pay5 fourto 5Èven and you considerthatthe ¢ompany ￿ exernptfroman audtt. In accordance wth your instruttlonk ￿ have c0Jnpi￿ these unaudrfced financ¥al 5Latements in order b) assist to fvffil your ststutory responsibilEt￿. from theaCcoUntiJ￿ record$ar￿ informationande¥pi4Da￿0n$5uppI￿￿t0US. WHR Accouthtsnts Ltd Charte￿d Certified Accouniants ststutoryAudltors 56 English Street Arrnagh Co. Arm3gh BT617LG 16 May2024 This page doesftotfomi partof the srawioryfinarthlstatsments Page 3 RRYN005E COMMUNrrY DEVELOPMEIIT ASSOaAmON LTD iered number.. N1031508 'd ed Income S tem for th Year Ended 31 0 ober 2023 31.10.23 31.10.22 GROSS SLIRPWS 20.726 Admlnlstratlve expenses 7.376 7AgQ OPERATrNG SURPLU5 and SURPLUS BEFORETAXAmOt4 350 36,654 Tax on surplus SVRPLUS FOR DIE FIN￿cIALyEAR 13350 36.654 The notes fo￿￿ part ofthe5e finarftal ststements Page 4 DERRYNOOSE COMMUNITI DEVEL PMEMT ASSOaAnON LTD ered number.. 141031 Abrid d Balance Sheet 31 Ortvber 2023 3LIO.23 31.10.22 FIXED ASSETS ran£iblE a55ets IYY.152 CURRENT ASSETS Cash at bankafid in hand 8.849 4.919 CREDITOILS Amounts falllngdutv￿thin orewr 5.026 23.229 NET CURRENr￿E15I(iIA8luI1Esj 3,823 118,3101 TQTAL ASSE15 iE5S CURRENTtIA8iimES 133,405 114,842 ACCRUAiS AND DEFERRED INCOME 5.213 NET A55ET5 IW192 114,842 RESERVES Income allis expenthre a¢count 128.192 114,842 128,L91 114,841 The company is entitled to exemptR)n from avdrf( under Sectlon 477 of the Compan*s •£r 21NJ6 for the year ended 31 October2023. The members have not required the compan¥ to oblain an audrt of tsfi￿ar￿1 rtateffents for theyeèr ended 31 Octthr 2023 ccordance Settion 476 ofthe Compan* Act 2006. The dlrettur5ackn0￿edge their [E5W>￿1blI1t￿for.' ensuring that the company keeps accounting records whkh compty Thith SEcbQr￿ 386 and 387 of the Companles Att 2006 and preparin8 flnanck31 statements which gfve a truE fair view of the stare of affaits of thE CQTnpany as at the end of each fln3nclal year and UF surplus or de￿¢￿fore￿ch fiD3Dcial year in 3ccordantè with the requirements of sections 394and 395 and whlch OtherW￿e cornp￿ y￿th the re4uirernents of the Companies Att 2fffi ￿lating to finaKial Statements, so far a5 applicable tothe company_ The financial statements have beln prepared in accoydance wth thE prthlons appttcable tu coThp3nie5 subject tD the small iompanies re8lme. All the rnembers have coD5ented to the preparation of an abridged Income 5tateryent and an abridged Bajarfe Sheet for the year ended 31 Ortglxr2023 In accordèrKe wlthsectitin 44412A) of the Comp3nlesArt2(X)6. The financial staternents We￿ apwDved lrythe Board of Dirertots and auth0ri5ed for ￿ on 16May 2024 Ind were signed on its behaff by". J l Lennon- Direttor The notesform part ofthese Ilnanclalsratements Page 5 DERRYNOOSE COMMUNITY DEveiopMENT AS50CIATrO.¥ LTD ered number. N10315 Note3 to the Finantiil Ststements for thÈ Year Ended 31 October2013 STATUTORYINFORMAMOFI DERRYN005E COMMUNITY DEVELOPMENT ASSOOAnON LTD 15 4 priydte company. Ilmtted ty guaBntee, rw5terEd i Northern Ire￿￿￿. The comparty'5 regthred numb2r and reg¢ste￿O office address tan be f￿JThd on the Company InforTnation pagè. ACCOUVllNG pouaES Bas￿01 pteparinÈthefinanctal swemehts These flnaF)cial s￿￿Ments have been prepared in alCOTdance with F￿ncIal Rwting Stsndard 102 Yhe ￿nanCIal Reporting Standard applicable in the UK and Rewblic of Ireland" Includingt￿ pThi5ion5 of Setbon IA"5mJll EntVcÈs' and the Companies Att2W6. Thefinanclal stateft*nts have been prepared Undert￿ hth>ric3lcosrwiventlon. TumoveT Tumover ￿ measurÈd at thE ￿lue ol the coftsiderdtion r￿￿ed ar rettfvable. ￿th￿ing dwjurbts, rebates. value added taxand othÈrsale5 taKe5. TrngJblefr4td assets Dep￿1*￿￿ 15 provided èt1hefdkm￿annUaI Trtesln orfeTtowiteoff eachasset over it%￿Mated useful IIFe. Taxatlo Tax*ion for the year comp175es ujrrent and deferrEd tsx. Tax ts rec¢)8nised in Income StstemEnL except to the erkent that rfc rel*estO items ￿￿EnISed in othertomprÈhen5Ne income ordlrert￿ln equity. Current ordeferredtsxation assetsand IKAbilitTe5aTe notd￿j￿nte4. Currentiax Is recoÉn15ed attheamount of tax payabk uSing￿￿X ratesand lawsthat ha¥* ￿en enacted or submntNely enatte(I bythe balancÈshÈet datE. Deferred tax Deferred tax Is recoghsed in respect of all dming d￿f¥E￿e5 that have orwnèted kn not ￿er$￿ at the tKAlancE S date. rimln8 diflereKe5 ar￿e from the lTh¢lu5ion Df ITrCDme ond expenses in tax assessments in PEriLwts different from those In which they are ￿¢OEni$ed in financial st3teTnents. Deferred tax is measured uslng rates and 1aw5 that have L*en en8ttEd or5ubstantfvety enarted bythe yearend andthatare expECted to app￿tothe revefsal of the tlmlng dtrference. Unrelieved rdx Ios5e5 and other deferred tax assets are rEIUEni5ed onty to the etrnt that probabk that thèy ￿11 bE recovered 3galnstthE rever5alof defer￿tr%11Ob1Ithe5Qr otherfuturetaxab* profits. EMPLOYEES AND DIREcfoRS The 3ver3ge numberofemplryees durlngthe yearwas NILI2022-NILI. OPEKAMNG SURPLUS The Operating su￿U$ ts stated èftErtharwn(. 31.10.23 31.10.22 Oepreciat¥Jn- ownÈd assets 3.570 4,203 Page 6 ¢ontlnuEd... DERRYNOOSE CDMMUMir¢ DEVELOPMENT￿50clAllON LTD Re tered nuM￿r.. N1031508 fortheyear Ended 31 Ortober 2023 TANGIBLE FIXED A55ET5 Totr co At l NoYember2022 and 31 Otto￿r 2023 145.833 DEPRECIAmOP4 At l November2022 Charge foryear 12,681 3.570 At31 Ottuber2023 16.251 14ET BOOK VALUE At31 ottober2023 129.582 At31 ottober2022 133,152 P4e7 DERRYNOOSE COMMUNir DEVELOPM [AS￿)c1A NLTD ered nuThbEr N1031508 il d Income and Ex erditure Atcoum forthe Year Ended 31 O¢tober2013 31.10.23 31.10.22 T¥rno)ver Sales Other Grants 7,512 1,949 44,361 7,512 46.310 o# of sale5 Purchases 4.852 1,766 GROS55URPLU5 Otherincome Dortations 20.726 Expendstyre Insurance Rep3irsto propèrty 245 390 371 736 1.656 srA) Sundry expensE5 Act￿n*8￿c¥ Legal fèes OeprecSation oftarvgible fixEda&*ts Plant and machinery F￿re$ and fittings L723 3.491 4.114 7.641 13.642 36,￿3 FinaTr￿ Costs Bank charges 292 249 P4EfsuRPLLIS 13.350 36.654 pa£edoES notforni partofthe ststutoryfinandalsktements Page 8