Broca
ri
han
District Re
enerati
ecom
an
Limi
n Grou
Guarantee
CavanaghKelly"
Company Registration Number: N1031388
Charity Registration Number: 103699
Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
Annual Report and Unaudited Financlal Statements
For the year ended 31 October 2023

Broca
h and District Re
rita
eneration Grou
ed
CONTENTS
For the
ar ende
31 October X02
Page
General Jnfonnation
Directors, Report
Independent Èxaminerfs Report
Statement of Finanaal Activlties
Statement of Financial Posltion
9-10
Notes to the Flnancial Statements
11-1.9
CavanaghKelly• Chartered Accountants & Statutory Audltors
Page I

Broca
GE
ERAL INFORM
no
Board of Directors
Mr Patrick Bell
Mr Sean Donnelly
Mr Franos Hughes
Mr Martin Morris
Mr Charfes McKee
Company Secretary
Mr Martln Morris
Reglstered Office
187a Mountioy Road
i Castlebay Resource Centre
Dungannon
Co. Tyrone
BT71 5DY
Company Registratlon Number
N1031388
Charity Reglstratlon Plumber
103699
Independent Examlners
CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dun9annon
Co Tyrone
BT71 6AP
Bankers
Bank of Ireland
24 Scotch Street
Dungannon
Co Tyrone
BT70 IAR
CavanaghKeMy•
Page 2
Chartered. Accountants & Statutory Auditors

ca
han
Distr*
om
eneration Grou
DIRECTORS. REPORT for th
ear ended 31 0
r20
The Thrèttors, who arè the trustÈe5 for thè purposè b'f chèw 13w, have plèèsure in p'resenfiny
their report and the unaudited financial Statements of the charitable company for the year
ended 31 October 2023.
The financial statements have been prepared in accordance with the Statement of
Recommended Practice -Accounting and Reporting by Charitie5° (FRS 102). Unlted fingdom
Generally Accepted Accounting PRctlce and the Companies Art 2006.
Reference and Admlnlstration Detalls
The reference and administration details of the charltable company are as shown on page 2.
Objectives and Activltles
Brocagh and District Regeneration Group was formed in 1996 wlth the specific aim of promoting
economic and social regefteratton of the Brocagh area, formlng parts of the Washingbay Ward.
. Dungannon and the Klltycolpy Ward, Cookstown, through the provision of infomation, support
services and workspace.
The objectives are to encourage. support and develop enterprlse in the Brocagh area through
the provision of informatlon, support ServI￿S and workspace. It also offers communlty faclllties
and alms to fvrther develop opportunities for community engagement and actlvlties as well as
creating shoreline facilities that encourage tourism.
The strateglc objertives of the group are as follows:
To provide and maintain adequate communlty space for'actlvlties.
To provlde workspace unlts for buslness creation and development locally; and
To create shoreline facilities to encourage tourlsm growth.
Publlc Benefit Statement
The Directors of Brocagh and .District Regeneration Group o>nfirm that they have complied wlth
thelr duties under section 4(6) of the Charities Act (Nortkn Ireland) 2008 to have regard to
the Charity Commissfon fDr Northem Ireland's guidanEe Dn publlc benefit anKI that the public
benefit requirement has informed the actlvities of the charitable company In the year ended 31
October 2023.
Achievements •nd Perfomiance
The group ha5 ljeen successfvl in the development of Castlebay Communlty Resource Centre
olfering communlty, enterprise and sho￿rine facilities.
The Dlrectors are confident that the .charitable company continues to meet its perforn7ance
objectives to benefit the local community. The charltable company continues to recelve funding
from local bodies and runs events throughout the course of the year.
Financlal Revlew
Financ•al Performance
The flnancial performance was in line with the Board of Directors. expectstions. The charitsble
company remains in a sound financial posltion at the yeèr end. The results for the year a￿ set
out in detall on pages 8 to 19. The charitable company returned net outgoing resour￿ for the
year of È25,950 (2022: net outgoing resources of E22.686).
CavaTraghKelly¥ Chartered Accouiitants & SLitutory Auditor5
Page 3

roca
h and District Re
eneration Grou
IREcfoRS' REPORT for
he
nded 31 0
ober 202
Con
inued
Financial Review (Contlnued)
Financial Performance (Continued)
At 31 October 2023, the total funds of the charitable company amounted to £585,844 (2022:
£611,794) comprising. of £103,558 of unrestricted and £482,286 of restricted funds. Pfincipal
sour￿$ of fvnding and how this has SUPPOrted the key objectives of the charitable corripany are
disdosed in the notes to the financiaf statements.
Reserves Pollcy
The charitable company does not malntaln a formal reserves policy however the Board of
Dirertors continue to monltor the level of reser4es held by the charitable compaThy and are
satisfied that these are adequate to meet any unforeseen expenditure incurred.
Strncture. Governance and Management
Oryanlsational Strurturn
The charitable company is a company limited by guarantee, not havlng a share capltal.
The charltable company was establlshed under a Memorandum of Assoclatlon whlch establlshed
the objects and powers of the charitable company and is governed under its Articles of
Association.
In accordance with the Articles of Association, the members to retlre by rotation shall be those
who have been longest In office slnce thelr last election, and the relevant motlon will be put at
tho Annual GeneFal Meetlng. A retirlng member shall bo aligiblo for repelectlon.
Dlrertors
The Dlrectors during the year are the sarne as the Directors as listed on page 2.
Taxatlon Status
The charitable company Is recognlsed as a charlty by HM Revenue & Customs. Accordingly, the
charitable company has availed of the exemptions contained in Chapter 3 Part 11 Corporation
Taxes Act 2010 and Sectlon 256 Taxatlon of Chargeable Gains Act 1992.
Dir•ctor6' Responsibllltles
The D1￿CtorS are responsible for preparlng the financial statements in accordance wlth
applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted
Accountlng Practice).
Company law requires the Directors to prepare financlal statements for each financial year
whlch glve a true and. falr vlew of the state of the affairs of the charltable company and of the
incoming resources and application of resources, including the income and expenditure, of the
charitable company for that year. In preparing these financlal statements the Dirertors are
Fequlred to:
select sultable accountlng policies and apply them consistently;
observe the methods and principles in the Charities SORP (FRS 102);
- make }udgernents and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any
materiaf departures dlsclosed and explained in the financial statements; and
P￿pare the financlal statements on the goln9 con￿rn basis unless It Is inappmpriate to
presume that the charitable company will contlnue in operatlon.
CavanaghKelly.. Chartered Accountants & Statutory AuditOTS
Page 4

Broca
ar
h and Distrirt Re
ble
eneration G
ou
antee
REcfoRS' REPO
T for the
earend d3
Octobe
2023
Con
in
ed
birectors. lie5ponsibilities (Continued)
The Directors a￿ responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financlal position of the charitable company and to enable
them to ensure that the flnandal statements comply with the Companies Art 2006. They are
also responsible for safeguarding the assets of the charitable company and hence for taklng
reasonable steps for the preventlon and detection of Iraud and other irregularities.
SmaTI Companies Exemption
The above report has been p￿pared in accordance with the special provlslons relatin.g to small
companles within-Part 1.5 of the Companies Art 2006.
Thls report was approved by the Board of Directors on 25 October 2024 and signed on Its behalf
by:
r Martin Morr
SECREfARY
Num
031
ra
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 5

INDEPENDENT EXAMINER'S REPO
tatements of Bro
han
1st
023
T to the members on the unaudited
eratton Gro
f rthe ear
ed31
inancial
be
We report on the financlal statements of the charitable company for the year ended 31 October '
2023 which are set out on pages 8 to 19.
Respective Responslbilities of Directors and Independent Examlner
As the charltable company's Directors. who are the trustees for the purpose of charity law. you
are responsible for the preparation of the financial statements In accordance with the
requirements of the Companies Art 2006. Havtng satisfied ourselves that the charltable
company is not subject to audlÈ under cornpany law, and is eli9ibl8 for.iAdependent
examinatlon, it is our responslbility to:
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.
follow the procedures lald down In the general Directions given by the Charity
Commlssion for Northefn Ireland under sectiOFI 65(9){b> of the Charltles Act {Northem
Ireland) 2008. and
state whether particular matters have come to our attentlon.
Basls of Independent Examlnerfs Report
We have examined your charltable company's financial statements as required under section 65
of tha Charitses Act (Northem Ireland> 2008 and our examination was carrled out In accordanc6
with the general Direttlons given by the Charlty Commlssion for Northern Ireland under section
65(9)Cb) of the Charities Act (Northern Ireland) 2008. The examlnation included a review of the
accountlng records kept by the charitable company and a comparlson Df the accounts presented
with those records. It also indudes conslderation of any unusual items or disclosures In the
accounts and seeklng explanations from you as charltable. company Dlrectors concernin9 any
such matters.
Our role Is to stste whether any materlal matters have come to our attentlon glvlnq us cause to
believe:
That accountlng record5 were not kept sn accordan￿ wlth section 386 of the Companies
Act 2006: or
That the accounts do not accord wlth those accounting records; or
That the accounts do not comply with the accounttng requlrements of seLtlon 396 of the
Companles Act 2006 and with the methods and princlples of the Charltles Statement of
Recommended Practice applicable to charlties preparing their accounts in accordance
with the Flnanclal Reportlng Standard applicable in the UK and Republlc of Ireland; or
That there Is further Informatlon needed for a proper understanding of the accounts to
be reached.
rAvanaghKeliy. Chartered Ac£ouDtants & Ststutory Auditors
Page 6

Broca
h and District Re
eneration Grou
Guar
INDEPE
ENT EXAM
Eli's REPORT to the members
statements of Broca
handDI
ict Re
eneration Grou
for
202
Contin
the uftaudited linan
r ended 31 October
Independent Examinerfs Statement
We have completed our examination ènd have no ¢oncems in respect of the matters Ilsted
above and, in connection with following the Directions of the Charity Cornmission ft)r Northem
Ireland, we have found no matters that requlre drawing to your attentlon.
CAVANAGHK
Chartered Accountants & Statutory Auditors
36-38 Northland Row
Dunyarynon
Co. Tyrone
8T71 6AP
Date: 25 Ortober 2024
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page ?

UnT4•trl¢t•d R••trl¢t•d
Fund
Fund•
Tot41
Pund•
2013
Unrestrltttd ReFtrtcted
Funds
Funds
202Z
Total
Funds
2022
2023
2023
2022
XNCOMe AND INDQWMeP4TS
Income frorn tharltabl• Actlvltles
(Note 31
othèr Incorne (Note 31
TOTAL INCOME AND
NDOWMEN7$
21,746
5,252
26,990
13,307
17,264
90,571
24,217
5,252
29,469
15,632
17,264
32,B96
ReSOUR¢ES IXPENOID
Cherfroble Actlvltle5 (Note 4)
TOTAL ftESOURCts expeNPIP
29,822
79,822
25,597
55,41•
55,419
27,473
28,LOg
SS,582
SS.582
N•t Incomlngl(o¥tg•ln•)
ra•oy￿e1 l•r th• yellr
15,6051
120,3451 (25,930)
111,9411
110,8451 (22,686)
Trpnglors between funfls
2,500
(2,SOOI
8alonc• brnught forwerd
199,163
502,631
611,794
118,504
515,976
634,480
8•hnc• ￿rrI•d fov*•fd
482 2B6
58
163
31
611
94
The above Statement of Fln•nclal Artlvltles Includes all InloMa￿On as requlred to bvt dlgclo3ed by the Companles A¢t 2QO6.
All ol the 4rtlvltles ol the chèdtable ￿rnPanY are das$•d ¥ contlnylDg.
Th• Statttrnent of Flnand•l Actyvltl•s Includes all 94lns and losseB ￿CognISed durtn9 the year.
Th• not•s on pao¢$ 11 t? 19 fom an Inteoral port of th• flnan¢lal $t•tem•nts.
Ca¥qn•9hKelly, ¢hort•r•d A£￿Untant• th •t•l￿Ory Audltgr•
Page a

Broca
h and D"strict Re
bl
eneration Grou
it
Guaran
ATEMENT OF FIN
CXAL POSITION as at 31
ober 2023
Note
2023
2022
Non-current Assets
597.951
621,534
Property. plant and equipment
Current Assets
Receivables
Cash and cash equlvale'nts
207
756
587
1,343
207
ayables: Amounts lalling due wlth'ln one year
10
Net current assets / (fiabilltles)
Total assets less current fiabFlitles
589.398
616,769
Payables: Amounts falllng due after one year
li
{3,554)
(4.975)
Nèt A*sets
REPRESENTED BY:
Unrestricted funds
Restricted fvnds
Total Funds
13
13
13
103.558
482 286
109,163
502 631
511 794
The Directors, statements shown on the followlng page form part of this Statement of Flnanclal
Position.
CavanaghKellyp Chartered Accountants & Statutory Auditors
Page 9

Broca
h and Dlstrlct Re
eneration Grou
ij
ATE
ENTO
FINANCIAL posrrIoN
31 Octob
023
Con
inued
These financial statements have been prepared In accordance wlth the provisions applicable to
the small companies, reglme within Part 15 of the Companies Act 2006.
For the flnancial year ended 31 October 2023 the company was entitled to exemptlon from
audli under sectlon 477 of the Companies Act 2006.
The Dirertors conflrm that the members have not required the company to obtain an audit of its
financlal statements for the year in question In accordance with section 476 of the Companies
Act 2006.
The Dlrectors acknowledge thelr responslbilitles for ensuring that the charitable company keeps
accounting records which comply with Section 386; and for p￿ParIng financial statements
which give a tru& aftd falr view of the state of affaiFS of th6 chèritabl8 company as at th6 end of
the financial year and of Its incomlng or outgolng resources for the flnancial year In accordan
with the requirements of sections 394 and 395 and which otherwise comply with the
requirements of the Companles Act 2006 ￿lating to financlal statements, so far as applicable to
the charitable company.
The notes on pages 11 to 19 form an Integral part of the flnandal statements.
The financlal statements were approved and authorlsed for issue by the Board of Dlrertors on
25 October 2024 and signed on their behalf by:
Sean DoAnellv
DIREcfoR
Martin Morfls
DIREcfoR
CavanaghKeUy.. Chartered Accountants & Statutory Auditors
Page 10

Broca
h and District Re
leco
eneration Grou
NOTES TO THE FINAIICIAL STATEMENTS
For the
ear ende
31 October 20
I. GENERAL INFORMATION
Brocagh and Dlstrfct Regeneratlon Group Is a charltable company limited by guarantee
incorporated in Worthern Ireland. In the event of the Charitable company being wound up. the
liabllity in respect of the guarantee Is Ilmited to £1 per member of the charitable cornpany. The
address of the registered offlce is as shown on page 2.
The charltable company const'itutes a public beneTIt entity as dellned by FRS 102.
2. ACCOUNTING POUCIES
The following accountlng policies have been applled conslstently in dealing with items which are
consldered materlal In relatlon to the charitable company's hnanclal statements.
2.1 Ststement of Compllan
The financial statements have been prepared In accordance with Accounting and Reportlng
by Charites: Statement of Recommended Practlce (SORP) appllcable to charltles preparing
thelr financlal statements in accordance with the Financial Reporting Standard applicable in
the UK and Republlc of Ireland (FRS IIJ2) effective l Jelnuary 2021 (Second Edition), the
Financlal Reportlng Standard appllcable in the Unlted Klngdom and Republic of Ireland (FRS
102) and the Companles Act 2006.
2.2 Basis of Preparatlon
The financial statements are prepared on a going concern basls under the hlstorical cost
Convention unless otherwise stated In the relevant accounting pollcy. Historical cost Is
'generally based on the f&lr value of the conslder8tlon glven In exchange for assets. The
following accounting policles have been applled consistently in dealing with items which are
consldered materlal In relatlon to the tharitable company s financial statements.
2.3 Cash Flow Statement
The c.harltable cf)mpany has applied Update Bulletin 2 as pubHshed on 5th October 2018
(effectlve l January 2021) and does not Include a cash flow statement on the grounds that it
is applying FRS 102 Section IA.
2.4 Income and Endowments
(l) Charltable Actlvltles
Income from charltable activitles Indudes Income Tecelved under contract or where
entitlement to grant funding is subject to specific performan￿ conditions. It Is
recognised a5 earned as the related services or goods are provided. Grant income is
recognlsed in the Statement of Flnancial Activities when receivable. Grant Income
Included in this cat.egory provides fundtng to. support projects and is recognlsed where
there TS entitlement, certalnty of recelpt and the amount can be measured wlth sufficient
refiability.
CavanaghKelly* Chartered Accountants & Statutory Auditors
Page 11

ca
h and District Re
eneration Grou
NOTES TO THE FI
ANCIAL STATEMENTS
rthe
ear ended 31
ctober ZO
Continued
2. ACCOUNTING POLICIES (Continued)
2.4 Income and Endowments (Continued)
(li) Other Income
other income Is recognlsed in the Staternent of Financial Activities where there is
entitlement, certainty of recelpt and the amount can be measured with sufficlent
rellablllty.
2.5 Expenditure
Expendlture is recognised when a Ilablllty Is Incurred. Contractual arrangements and
performance related grants are recognised as goods and servlces are supplied. Where costs
cannot be directly attributed to a particular head4ng j they have been allocated to act&vities on
a basls consistent wlth use of resources. Stsff costs and overhead expenses are allocated to
artI￿ltIeS on the basis of staff time spent on those actlvltles.
(l) Charltable Actlvltles
Thls comprises all the resources applied by the charitable company In undertaklng its
work to meet its charitable objectlves. Charitable activities will include the costs of
governance arrnngements whlch. relate to the general running of the charltable
company.
2.6 Fund Accountlng
The charltable company has two types of funds for which it is responslble at the year-end:
Unrestrlcted Funds - Funds whlch are expendable at the dlscretlon of the Board of
Dlrectors in furtherance of the objectives of the charitable company. In additions, funds
may be. held in order to T￿OnCe capital investm8nt and worklng capitaL
Restrlcted Funds - Income received for specific purposes. Such purposes are within
the overall aims of the charltable company.
2.7 Property, Plant and Equipment and Depre¢•atlon
All property, plant and equipment are inltlally recorded at Cost.
Depreciation is provided at rates calculated to wrlte off the cost less residual value of each
asset over Its expected useful Ilfe, as follows:
Land and Buildings
Fixtures, Flttlngs & Equlpment
Plant & Machinery
20/0 Straight Line
25 % Straight Line
25% Straight Llne
2.8 Trade and Other Receivables
Trade and other receivables are Initially recorded at falr value and thereafter stated at Cost
less impairment losses for bad and doubtful debts.
Cav.anaghKelly
Page 12
Chartered Accountants & Statutory Auditors

roca
h and District Re
Charitable Com
eneration Grou
NOTES TO T
E FINA
TEMENTS
Forthe
ear ended 31 October'20'23
Con
inued
2. ACCOUNTING POLICIES (Contsnued)
2.9 Trade and Other Payables
Trade and other payab)es are initially recognised at falr value and thereafter stated at cost.
2.10 Taxatlon
As a charity, the charitable company is not Ilable to Corporatlon Tax.
2.11 Cash and cash Equivalents
Cash and cash equlvalents Include cash in hand, deposits held at call wlth banks, other short
term hlghly liquld investments wlth orlglnal maturities of three months or less.
2.12 Financial Instruments
(l) Flnanclal assets
Baslc financial assets, Including trade and other ￿e1VableS, cash and bank balan￿S and
amounts owed by related partles and are initially recognised at transaction prlce, unless the
arran9ement c.onstitutes a flrh3nctng transactloft, where the transaction Is measured at the
present value of the future re￿Ipts dlscounted at a market rate of interest. Such assets a
subsequently carried at amortised cost uslng the effectlve Interest method.
At the end of each ￿porting period financlal assets measured at amortlsed cost are assessed
for objectlve evldence of Impairment. If an asset is impaired the Impairment loss is the
élfference between the carrytng amount and the present value of the estimated cash flows
discounted at the asset's odglnal effectlve Interest rdte. The Impalrment loss Is recognlsed In
protit or loss.
If there Is decrease in the impairment loss arfsing from an event ocasrring after the
Imp3lrment was recognlsed, the Impalrment is reversed. The reversal Is such that the
c.urrent carrying .arnount does ￿￿t exceed what the .carry.ing amount would have been had
the Impalrment not prevlously been recognised. The lrnpalrment reversal Is recognised In
profit or loss.
Flnanclal assets are derecognlsed when (a) t'he contrartual rlghts to the cash nows trom the
a55et expire or are settled, or (b) substantially all the risks and rewards of the ownership of
the asset are transferred to another party or (c) despite having retained some signlflcant
flsks and rewards of ownership. control of the asset has been transferred to another party
who has the practlcal ablllty to unllaterally sell the a55et to an unrelated third party without
Imposing additional restrictions.
(li) Financlal liabllltles
Baslc flnanclal Ilabllitles, Includlng trade and other payables, bank loans and overdrafts and
amounts owed to related partles are initlally recognised at transaction price. unless the
arrangement constitutes a financing transattlon. where the debt instrument ts measured at
the present value of the future receipts discounted at a market rate of interest. Debt
In'strurnents are subSEqUEntly Ca￿Ted at amDrtised cost, US7ng the effective iTSterest rate
method. Fees paid on the establishment of loan facilities are recognised as transaction costs
of the loan to the
CavanaghKelly• Chartered Accountants & Statutory Auditors
Page 13

roca
Ch
and
enera
ion Grou
tee
OTES TO
ear
ANCI
31 Octo
TS
tin
nd
2023
2. ACCOUNTING POLICIES (Contlnued)
extent that 5t Is probable that some or all of the facillty wlll be drawn down. In this case, the
fee is deferred until the draw-down occurs. To the extent there is no evidence that it is
probable that some or all of the facility will be drawn down. the fee is capitalised ￿ a pre-
payment for liquidity services and amortised over the period of the facility to whlch it relates.
Trade payables are obllgations to pay for goods or services that have been acqulred In the
ordinary cOu￿e of business from suppliers. Accounts payable are dassified as current
IlabiliÈies If payment is due within one year or less. If not, they are presented as non-current
liabilities. Trade payables a￿ recognised Initlally at transactlon price and subsequently
measured at amortlsed cost using the effectlve interest method.
(iii) Offsettlng
Financial assets and liabilitles are oftset. and the net amounts presented In the flnanclal
statements when there is a legally enforceable right to set off the recognised amaunts and
there is an intention to settle on a net basls or to realise the asset and settle the liablllty
slmultaneously.
2.13 Critlcal Accountlng Judgements and Estlmation Uncertalnty
Estimates and Jud9ements are contlnually evaluated and are based on hlstorical experlence
and other factors, Including expectations of future events that are belleved to be reasonable
under the £lrcumstances,
Crjtlcal Judgements in applylng the entlty s accountlng policles
There are no critical judgements In applylng the charlty's accountlng pollcles.
Critical accountlng estsinates and assumptions
There are no actual accounting estlmates and assumptlons.
2.14 Flnance Costs
Flnance Costs are charged to the Statement of Financlal Actlvltles over the term of the debt.
Cav.anaghKellyr Chartered Ac¢ountants & Statutory Auditors
Page 14

oca
ari
hand
able Co
istrict Re
eneration Grou
arante
NOTES TO
XNANCIAL
For the
ear ended 31 Octob
EMENTS
Continued
3 INCOME AND ENDOWMENTS
Unrestrlcted Restricted
Funds
Funds
2023
2023
Total
Funds
2023
Total
Funds
2022
Charitable A¢tlvatFes
Rental incorne
Grant Income:
Health & Soaal Care Board
DAERA
Keep Northern Ireland Beautiful
Mid Ulster Councll
Co-operation Ireland
Total Income from CharStable
Actlvltles
15.996
15.996
13,307
4,016
1,236
4,016
1.236
3,772
1,242
3,000
4,250
5,750
5.750
21,746
5,252
26.998
30.,571
other Income
ROCS receipts
Donations
Total Dther Income
2,471
2.471
.2238
87
Total Income and Endowments
Income from charitable actlvltles In the year ended 31 Ortober 2022 of £32,896 was made up
of unrestricted funds of £15,632 and restrScted funds of £17,264.
CavanaghKelly. Chartered Accountants & Statutory Auditors
Page 15

Broca
h and Dlstrict Re
eco
eneration Grou
Ll
OTES TO THE FINANCIAL sfATEMENTS
or
he
ear ended 31 October 2023
Continue
4 RESOURCES EXPENDED
Unrestricted Restrirted
Funds
Funds
2023
2023
Total
Funds
2023
Total
Funds
2022
Charltable Activities
Wages
Insurance and rates
Ltght and heat
Repairs and maintenance
Advertlsing
Telephone
Accountsncy
Bank interest and charges
Depreaation
Loan Interest
Consultancy
Sundry expenses
Brocagh After Sthool Club
Total Resources Expended
400
2,706
5,533
12,007
400
2.706
5.533
13.243
3,870
2,442
5,946
8,934
26
632
1,966
242
24,819
389
2,156
1,236
809
2.296
809
2.296
3,238
657
1,677
251
20,345
23,583
657
1,677
251
Expendlture on charltable activities In the year ended 31 October 2022 of £55,582 was made up
of unrestrtcted funds of £27,473 and restrfcted funds of £28, 109.
t4Ef XNCOME/(EXPENDrnIRE) FOR THE YEAR
Net Incomel(expendlture) Is ststed after charglngl(crediting)'
2023
2022
Depreciation of propertyi plant and equlpment
Tndependent Examinerfs remuneratlon
23,583
24,819
INDEPENDENT EXAMZNER'S REMUNERATION
The Independent Examlnerfs remuneratlon amounts to a fee of £1,420 (2022: £1,420).
CavanaghKeUyN. Chartered Accountants & Statutory Auditors
Page 16

Broca
istrA
eration
ited b
ou
arantee
Li
OTES T
or the
THE FI
ANCIAL STATEMEN
ear ended 310
ober
ontinued
STAFF cosrs AND EMPLOYEE BENEFTrs
The average number of persons employed by the charltable company durlng the year was I
(2022: 1).
The total staff costs and employee benefit's was as follows:
2023
2022
Wages and salarles (Including soclal securiiy)
400
No employee of the charltsble company recelved total employee beneflts of more than £60,000.
7.1 DIREcfoRS' REMUNERATION
The Directors re￿iVed nor walved any remuneratlon or any other benefits durlng the year and
no relmbursements of expenses Incurrnl.
PROPERTY, PLANT AND EQUIPMENT
Land and Plant and
Flxtures.
Bulldlngs Machlnery Flttings and
freehold
Equipment
Total
Cost
At 31 October 2022
Additions
At 31 OctobET 2023
1,022,651
6,305
61,310
1,090,266
1,022,651
6,305
61.31
1,090,266
Depreciation
At 31 October 2022
Charge for year
At 31 October 2023
408,757
6.305
53,670
468,732
429 210
492 315
Net Book Values
At 31 Uctober 2D23
597 951
At 31 Ottobèt 2022
613 894
621534
CavanaghKelly• Chartered Accountants & Ststutory Auditors
Page 17

Broc
rict Re
ene
on Grou
ar
blec
OTES TO THE F
rthe
ear
nde
CIAL sfATEM
Octo
er 202
Co
RECEIVABLES
2023
2022
Taxatlon and soclal security
207
207
756
756
10 PAYABLES: AMOUNTS FALLIIIG DUE WITHIN ONE YEAR
2023
2022
Bank loans and overdrafts
Accruals
Other credltors
270
4,490
4,362
1,746
11 PAYABLES: AMOUNTS FALUNG DUE AFfER ONE YEAR
2023
2022
Bank loan
This loan is secured by mortgage charges and debentures over the charitable company's land
and bulldlngs.
Bank loan maturlty anatysls
2023
2022
Repayable wlthln one year
Repayable between one and two years
Repayable between two and five yea¥s
Repayable in more than five years
1,572
1,572
4,362
1,572
CavaoaghKellyF Chartered Accountants & Statutory Auditors
Page 18

Broca
h and Distri
Charitable
an
eneration
Limited b
antee
NOTES T
or the
THE FINANCIAL STATEMENTS
ear end d 31 October 2023
Contin
12 ANALYSIS OF NET ASSETS
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
Funds
2023
Total
Funds
2022
Property, plant and equipment
Current assets
Current l ia bi lities
Non-cu rrent liabilities
115,665
207
(8,760)
482,286
597,951
207
(8,760)
621,534
1,343
(6,108)
103 558
482 286
585 844
611 794
13 ANALYSIS OF FUNDS
Openlng
Balance
Income
Expendlture
Transfer
Between
Funds
Closlng
Balance
Rural Development
Council
DAERA
Health & Social Care
Board
Mld-ulster Councll
DFC Small Grant
Lough Neagh
Partnershlp
Keep Northern
Ireland Beautiful
Co-operation Ireland
Restrlcted Funds
475,207
(17,135)
458,072
1,489
1,236
4,016
(1,651)
(4,016)
1,074
5,725
2,500
10,560
(475)
(1,250)
(220)
5,250
1,250
10,340
2,250
(750)
1,500
100
(25,597)
502,631
5,252
482,286
Unrestrlcted Funds
109,163
24,217
(29,822)
103,558
Total Funds
611 794
585 844
14 CONTINGENT LIABILITIES
A contingent liability exists to repay grants received should certain condltlons not be fulfilled by
the company.
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 19