Company Registration Number: N1031388
Charlty Registration Number: 103699
Brocagh and Dlstrlct Regeneration Group
(Charitable Company Limited by Guarantee)
Annual Report and Unaudlted Flnanclal Statements
For the year ended 31 October 2024
•AEtQPVIK*
2211012025
COMPANIES HOUSE
A10
#282

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
CONTENTS
For the year ended 31 October 2024
Page
General Information
Directors, Report
Independent Examiner's Report
statement of Financial Activities
statement of Financial Posltion
9-10
Notes to the Flnanclal Statements
Page I

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
GENERAL INFORMATIO
Board of Dlrectors
Mr Patrick Bell
Mr Sean Donnelly
Mr Francis Hughes
Mr Martin Morris
Mr Charles McKee
Company Secretary
Mr Martin Morrls
Registered Office
187a Mountjoy Road
I Castlebay Resource Centre
Dungannon
Co. Tyrone
BT71 5DY
Company RegistratSon Number
N1031388
Charlty Registration Number
103699
Independent Examiners
Cooper Parry Audit (Ireland) Limited
Chartered Accountants
36-38 Northland Row
Dunqannon
Co Tyrone
BT7 1 6AP
Banker5
Bank of Ireland
24 Scotch Street
Oungannon
Co Tyrone
BT70 IAR
Page 2

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
DIRECTORS. REPORT for the year ended 31 October 2024
The Directors, who are the trustees for the purpose of charity law, have pleasure in presenting
their report and the unaudlted financial statements of the charltable company for the year
ended 31 October 2024.
The financial statements have been prepared In accordance with the Statement of
Recommended Practice "Accounting and Reporting by Charitles" (FRS 102), United Kingdom
Generally Accepted Accounting Practice and the Companies Act 2006.
Reference and Administration Details
The reference and administration details of the charitable company are as shown on page 2.
Objectives and Activlties
Brocagh and Dlstrict Regeneration Group wa5 formed in 1996 with the specific aim of promoting
economic and soclal regeneration of the Brocagh area, forrning parts of the Washingbay Ward,
Dungannon and the Killycolpy Ward, Cookstown, through the provlsion of informatlon, support
services and workspace,
The objectives are to encourage, 5UPPOrt and develop enterprise in the Brocagh area through
the provislon of information, support services and workspace. It also offers community facilities
and aims to further develop opportunlties for comrnunity engagement and actlvlties as well as
creating shoreline facilitSes that encou rage tou rism.
The strateglc objectives of the group are as follow5:
To provlde and malntain adequate community space for actlvltles;
To provide workspace units for business creation and development locally. and
To create shoreline faclllties to encourage tourism growth.
Public Benellt statement
The Directors of 8rocagh and District Regeneratlon Group conflrm that they have complled with
thelr duties under section 4(6) of the Charlties Act (Northern Ireland) 2008 to have regard to
the Charlty Commlssion for Northern Ireland's guidance on public benefit and that the publlc
benefit reouirernent has informed the activities of the charltable company In the year ended 31
October 2024.
Achlevements and Performance
The group has been successful in the development of Castlebay Community Resource Centre
offering community, enterprlse and shoreline facllities.
The Dlrectors are confldent that the charitable company contlnues to meet its performance
objectives to benefit the local communlty. The charltable company continues to receive funding
from local bodies and runs events throughout the course of the year.
Financial Review
Financial Performance
The financial performance was in line with the 8oard of Dlrectors, expectatlons. The charitable
company remains in a sound financial position at the year end. The results for the year are set
out in detail on page5 8 to 20. The charitable company returned net outgolng resources for the
year of £27,048 (2023: net outgolng resources of £25,950).
Page 3

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
DIRECTORS. REPORT for the year ended 31 October 2024 (Continued)
Financlal Revlew (Contlnued)
Financial Performance (Continued)
At 31 October 2024, the total funds of the charitable compony amounted to £558,796 (2023:
£585,844), comprising unrestricted funds £96,469 (2023.. £103,558) and restricteLI funds
£462,327 (2023., £482,286). Principal sources of funding and how this has supported the key
objectives of the charitable company are disclosed in the notes to the financial statements.
Reserves Policy
The charitable company does not maintain a formal reserves pollcy. However the Board of
Directors continue to monitor the level of reserves held by the charitable company and are
satisfied that these are adequate to meet any unforeseen expenditure incurred.
Structure. Governance and Management
Organisational Strurture
The charitable company is a company limited by guarantee, not having a share capital.
The charitable company was establlshed under a Memorandum of Associatlon which established
the objects and powers of the charitable company and 15 governed under Its Articles of
Association.
In accordance wlth the Articles of Association, the member5 to retlre by rotation shall be those
who have been longest In office since their last election, and the relevant motion will be put at
the Annual General Meeting. A retirFng member shall be eligible for re-election.
Dlrectors
The Directors durlng the year are the same as the Oirectors as Ilsted on page 2.
Taxation Status
The charltable company Is recognised as a charlty by HM Revenue & Customs. Accordingly, the
charltable company has availed of the exemptions contained In Chapter 3 Part 11 Corporation
Taxes Act 2010 and Section 256 Taxation of Chargeable Gains Act 1992.
Directors. Responsibilities
The Directors are responsible for preparing the flnanclal statements in accordance wlth
applicable law and United Kingdom Accounting Standards (Unlted Klngdom Generally Accepted
Accounting Practice).
Company law requires the Directors to prepare financial statements for each financial year
whlch glve a true and falr vlew of the state of the affalrs of the charitable 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 financial statements the Director5 are
required to:
selecl suitable accounting policies and apply them consistentlyi
observe the methods and principles in the Charities SORP (FRS 102);
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it 15 inappropriate to
presume that the charitable company will continue in operation.
Page 4

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
DIRECTORS. REPORT for the year ended 31 October 2024 (Continued)
Dlrectors, Responslbllltles (Contlnued)
The Directors are responsible for keeping adequate accounting ￿CordS that dlsclose with
reasonable accuracy at any time the flnanclal position of the charitable company and to enable
them to ensure that the financial statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularitles.
Small Companies Exemption
The above report has been prepared in accordance with the speclal provisions relatlng to small
companies within Part IS of the Companies Act 2006.
This report was approved by the Board of Directors on
behalf by..
and slgned on Its
Mr Martln
Secretary
orrls
Company Registratlon Number: NX031388
Charity Registration Number: 103699
Page 5

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
114DEPENDENT EXAMINER'S REPORT to the members on the unaudited financial
staternents of Brocagh and District Regeneration Group for the year ended 31 October
2024
We report on the financial statements of the charitable company for the year ended 31 October
2024 which are set out on pages 8 to 20.
Respectlve Responslblllties of Directors and Independent Examlner
As the charitable 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 Act 2006. Havlng satlsfied ourselves that the charitable
company is not subject to audit under company law, and is eligible for independent
examination, It is our responsibility to:
examine the accounts under sectlon 65 of the Charitles Act (Northern Ireland) 2008;
follow the procedures lald down in the general Directions given by the Charity
Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern
Ireland) 2008; and
state whether particular matters have come to our attention.
Basis of Xndependent Examlner's Report
We have examined your charitable company's flnancial statements as required under section 65
of the Charities Act (Northern Ireland) 2008 and our examlnation was carrled out in accordance
with the general Directions given by the Charity Commi55ion for Northern Ireland under section
65(9)(bl of the Charlties Act (Northern Ireland) 2008. The examination Included a review of the
accounting records kept by the charitable company and a comparison of the accounts presented
with those records. It also includes consideration of any unusual items or disclosures in the
accounts and seeklng explanatlons from you as charltable company Olrectors concernlng any
such rnatters.
Our role Is to state whether any material matters have come to our attentlon glvlng us cause to
believe,.
That accountlng records were not kept In accordance wlth section 386 of the Companles
Act 2006; or
That the account5 do not accord with those accounting record5; or
That the accounts do not comply with the accounting requirements of sectlon 396 of the
Companies Act 2006 and with the methods and principles of the Charities Statement of
Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reportlng Standard applicable in the UK and Republic of Ireland; or
That there is further information needed for a proper understanding of the accounts to
be reached,
Page 6

Brocagh and Dlstrlct Regeneration Group
(Charitable Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT to the members on the unaudited financial
statements of Brocagh and District Regeneration Group for the year ended 31 October
2024 (Continued)
Independent Examlner's Statement
We have completed our examination and have no concerns in respect of the matters listed
above gnd, in connection with following the Directions of the Charity Commission for Northern
Lreland, we h
ve found no matters that require drawing to your attention.
Cooper Pa
Audit (Ireland) Llmlted
Chartered Accountants
36-38 Northland Row
Oungannon
Co. Tyrone
BT71 6AP
05.10.2025
Date:
Page 7

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
ST ATEMENT OF FINANCIAL ACTIVITIES
(Including an Income & Expenditure account)
For the year ended 31 October 2024
Unr•*trlcted R•Btricted
Funds
Fund$
Tot•1
Fundg
Unre•trlcted Restrlcted
Funds
Fund5
Total
Fund5
2024
2024
2024
2023
2023
2013
INCOME A14D ENOOWMENT5
Income from Charitable Activities
(Nore 31
Other Income (Note 31
TOTAL INCOME AND
ENDOWMEPITS
18,381
8,759
27,140
21,746
5,252
26,998
22,471.
8,759
31.230
24,217
5,252
29,469
RESOURCES EXPENDEO
Charitable Aclivlties (Note 41
TOTAL RESOURCES EXPENDED
29,560
29.560
28,718
28,718
58,278
S8,278
29,822
29,822
25,597
25,597
55,419
55,419
Net Incomlng/lvutgolngl
r•sources for the ye•r
17,0891
119,9591
127,0481
15,6051
120,3451 125,9501
Transfers between funds
Balance brought forward
103,5S8
482,286
585,844
109,163
502,631
611,794
Balanc• carrl•d forward
462 327
558 ?96
103 $58
482 286
585 844
The above Statement ol Financial A£tivities Includes all Inforrnation as requi￿0 to be éisclosed by the Companies Act 2006.
All of the activitie9 of the chjritable company are classed as continuing,
The Statement of Financial Activities includes èll gJin5 )nd losses recoonlsed during the year.
The notes on pages I I to 20 form an integral part of the financial statements.
Page 8

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
STATEMENT OF FINANCIAL POSITION as at 31 October 2024
Note
2024
2023
Non-current Assets
Propertyi plant and equipment
574 $39
597 951
Current Assets
Receivables
Cash ano cash equivalents
2,548
207
2,548
207
Payables: Amounts falling due wlthin one year
io
Net current assets / (liabilitles)
Total assets less current Ilab115tles
560,895
589,398
Payables: Amounts falllng due after one year
li
{2,099)
(3,554)
Net Assets
S58 796
585 844
REPRESENTED BY:
Unrestricted funds
Restricted funds
Total Funds
13
13
13
96,469
462 327
558 796
103,558
482 286
585 844
The Dlrectors, statefflents shown on the followlng page form part of this Statement of Financial
Position.
Page 9

Brocagh and District Regeneration Group
(Charitable Company Llmited by Guarantee)
STATEMENT OF FINANCIAL POSITION as at 31 October 2024 (Continued)
These financial statements have been prepared in accordance with the provisions applicable to
the small companies, regime withln Part 15 of the Cornpanles Act 2006.
For the flnancial year ended 31 October 2024 the company was entitled to exemption from
audit under section 477 of the Companies Act 2006.
The Directors conflrm that the members have not required the company to obtain an audit of Its
financial statements for the year in question in accordance with section 476 of the Companles
Act 2006.
The Directors acknowledge their responsibilities for ensuring that the charitable company keeps
accounting records which comply with Section 386; and for preparin9 flnancial statements
which give a true and fair view of the state of affairs of the charitable company as at the end of
the financial year and of its incomln9 or outgoing resources for the financial year in accordance
with the requirements of sectlons 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relatlng to financial statements. so far as appllcable to
the charitable company.
The notes on pages 11 to 20 form an integral part of the financial statements.
The flnanclal statements were approved and authorlsed for issue by the 8oard of Directors on
and signed on their behalf by..
Sean Donnelly
Dlrector
Martin Morrls
Dlrector
Company Reglstration Number: N1031388
Charity Registration Number: 103699
Page 10

Brocagh and Dlstrict Regeneratlon Group
(Charitable Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 October 2024
I. GENERAL INFORMATION
8rocagh and District Regeneration Group is a charltable company limited by guarantee
incorporated in Northern Ireland. In the event of the charitable company being wound up, the
liability irb respect of the guarantee is limited to £1 per member of the charitable company. The
address of the registered office is as shown on page 2.
The charitable company constitutes a public beneflt entity as defined by FRS 102.
2. ACCOUNTING POLICIES
The followinq accountinq policies have been applied consistently In dealing with Items which are
considered material in relation to the charitable company's financial statements.
2.1 statement of Compliance
The flnanclal statements have been prepared in accordance with Accounting and Reportlng
by Charites.. Statement of Recommended Practlce (SORP) applicable to charities preparing
their flnanclal Statements In accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland {FRS 102) effective l January 2021 (Second Edition). the
Flnancial Reporting standard appllcable In the Unlted Kingdom 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 basis under the historical cost
conventlon unless otherwise stated in the relevant accountlng policy. Historical cost is
generally based on the fair value of the consideration glven In exchange for assets. The
followlng accountlng policie5 have been applied consistently in dealing with items whlch are
considered materlal in relation to the charitable company's flnanclal statements.
2.3 Cash Flow Statement
The charitable company has applied Update Bulletin 2 as published on 5th October 2018
(effective l January 2021 } and does not include a cash flow statement on the ground5 that it
is applying FRS 102 Section IA.
2.4 Income and Endowments
(i) Charitable Activities
Income from charitable activities includes income received under contract or where
entitlernent to grant funding is subject to specific performance conditions. It Is
recognised as earned as the related services or goods are provided. Grant income is
recognised In the Statement of Flnancial Actlvlties when receivable. Grant income
included in thls category provides funding to support projects and is recognised where
there is entitlement, certainty of receipt and the amount can be measured with sufficient
reliability.
Page 11

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 October 2024
2. ACCOUNTING POLICIES (Continued)
2.4 Income and Endowments (Continued)
(li) Other Income
other income is recognised in the Statement of Financial Activities where there is
entitlement, certainty of receipt and the amount can be measured with sufficient
reliability.
2.5 Expendlture
xpenditure Is recognised when a liablllty Is Incurred. Contractual arrangements an
performance related grants are recognlsed as goods and services are supplied. Where costs
cannot be directly attributed to a particular heading, they have been allocated to activltles on
a basis consistent with use of resources. Staff costs and overhead expenses are allocated to
activities on the basls of staff tlme spent on those actlvlties.
(i) Charitable Activities
This comprises all the resources applled by the charitable company in undertaklng its
work to meet Its charitable objectives. Charitable actlvitles wlll Include the costs of
governance arrangements which relate to the general running of the charitable
company.
2.6 Fund Accountlng
The charitable company has two types of funds for whlch it is responsible at the year-end..
Unrestricted Funds
Funds which are expendable at the dlscretlon of the Board of
Directors in furtherance of the objectives of Ihe charitable company. In addltions, funds
may be held In order to finance capltal Investment and worklng capital.
Restricted Funds
Income received for specific purposes. Such purposes are within
the overall aims of the charitable company.
2.7 Property• Plant and Equlpment and Depreclatlon
All propertyi plant and equipment a￿ initially recorded at cost.
Depreciation is provlded 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, Fittings & Equipment
Plant & Machinery
2% Straight Line
25% Straight Line
25% Straight Line
2.8 Trade and Other Recelvables
Trade and other receivables are initially recorded at fair value and thereafter stated at cost
less impalrrnent losses for bad and doubtful debts.
Page 12

Brocagh and Dlstrict Regeneration Group
(Charitable Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {Contlnued)
For the year ended 31 October 2024
2. ACCOUNTING POLICIES (Continued)
2.9 Trade and Other Payables
Trade and other payables are initially recognised at fair value and thereafter stated at cost,
2.10 Taxation
As a charity, the charitable company is not liable to Corporation Tax.
2.11 Cash and Cash Equivalents
cash.and cash equivalents include cash in hand, deposits held at call with banks, other short
term hig hly liquid Investments with orlgi nal maturlties of three months or less.
2.12 Financial Instruments
(l) Financial assets
Baslc flnanclal assets, Including trade and other recelvables, cash and bank balances and
amounts owed by related partles and are initially recognised at transaction price, unless the
arrangernent constitutes a financing transaction, where the transaction is measured at the
present value of the future recelpts discounted at a market rate of interest. Such assets are
subsequently carried at amortlsed cost using the effective interest method.
At the end of each reporting period financlal assets measured at amortised cost are assessed
for objective evidence of Impairment. If an asset Is impaired the impairment loss is the
dlfference between the carrying amount and the present value of the estimated cash flows
discounted at the asset's orlglnal effective interest rate. The impairment loss Is recognised In
profit or loss.
If there Is decrease In the impairment loss ori5ing from an event occurring after the
Impairment was recogni5ed, the irnpairment is reversed. The reversal is such that the
current carrying amount does not exceed what the carrying amount would have been had
the impalrment not previously been recognlsed. The impalrment reversal Is recognised in
profit or loss.
Financial assets are derecognised when (a) the contractual right5 to the cash flows from the
asset 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 havlng retained some significant
risks and rewards of ownership, control of the asset has been transferred to another party
who has the practical ability to unilaterally sell the asset to an unrelated thlrd party without
imposin9 addltional restrictlons,
(li) Flnancial Ilabilitles
Basic financlal liabllities, includlng trade and other payables, bank loans and overdrafts and
amount5 owed to related parties are initially recognised at transaction price, unless the
arrangement constitutes a flnancing transactlon, where the debt instrument Is measured at
the present value of the future receipts discounted at a market rate of interest. Debt
instruments are subsequently carried at amortised cost, using the effective interest rate
method. Fees paid on the establishment of loan facilitie5 are recognised as transaction costs
of the loan to the extent that it Is probable that some or all of the facility will be drawn down.
Page 13

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 October 2024
2. ACCOUNTING POLICIES (Continued)
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 as a pre-payment for liquidity services and amortised over the period of the
facility to which It relates.
Trade payables are obligations to pay for goods or services that have been acquired In the
ordinary course of business from suppliers. Accounts payable are classified as current
liabilities if payment is due withln one year or less. If not, they are presented as non-current
liabilities. Trade payables are recognised initially at transaction price and subsequently
measured at amortised cost using the effective interest method.
(iii) Offsetting
Financial assets and Ilabilities are offset, and the net amounts presented in the flnancial
statements when there is a legally enforceable right to set off the reco9nised amounts and
there 15 an intention to settle on a net basis or to realise the asset and settle the Ilability
simultaneously.
2.13 Critlcal Accountlng Judgements and Estimation Uncertainty
Estimates and Judgements are continually evaluated and are based on historlcal experlence
and other factors, including expectations of future events that are believed to be reasonable
under the circumstances.
Critical Judgements in applying the entity's accounting policies
There are no crltical Judgements in applying the charity's accounting pollcles.
Critical accounting estimates and assumptions
There are no actual accountSng estimates and assumptlons.
2.14 Finance Costs
Finance Costs are charged to the Statement of Flnanclal Activltles over the term of the debt.
Page 14

Brocagh and Dtstrict Regeneration Group
{Chariiable Company Limlted by Guar•fit*•)
NOTES TO THE FINANCIAL STATEME14TS {Contlnu•d)
For the year ended 31 October 2024
3 INCOME AND ENDOWMENTS
UNr￿triCted R•stricted
Funds
Funds
Tolal
Fund%
2024
Unrestrlct•d Restrici*d
Funds
Funds
2023
1023
Total
2024
2024
2023
Charitable Actl¥ltl•i
Rental Income
Grant income,.
Heairh & Social Core Board
DAERA
Mld Ulster District Council
Mlé Ulster District Council Repairs
9rant
15,881
15,881
15,996
15,996
3,8S6
3,856
4,016
1,236
4,016
1,2J6
5,750
2,500
2,SOO
4,9D3
5,750
4,903
Total Income Irom Charltabl¢
Actlvltle$
18,381
8,759
27,140
21,746
5,252
26,998
Other Income
Solar generated electrlt receipts
Oonations and sundry Incorne
Total Other Income
4,025
65
4,025
65
2,471
2,471
Total Income anl End•wrnent•
Pa9e 15

Jrocagh and District Regeneration Group
(Charitable Company Llrnited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {Contlnued)
For the year ended 3 1 October 2024
4 RESOURCES EXPENDEO
Unrestrlct•d Restrlcted
Fundl
Fund¥
2024
2024
Totthl
Funds
2024
Unr•$trlcted
Fund$
2023
Restrict•d
Funds
2023
Total
Funds
2023
Charitable Attlvltlei
Wages
1,560
2,756
596
5,598
7,362
J,560
2,756
596
5,598
12.265
400
2,706
400
2,706
Water charges
Llght ond hèat
Repairs and maintenance
Adveriising
Telephone and broadband
Accountancy
Bank Interest ano charges
Depreciatlon
Loan InteTest
Legal and professional
Sundry expenses
Broca9h Afier School Club
Total Resources Expended
5,533
12,007
5,S33
13,243
4.903
1,236
917
2,644
924
3,453
117
2,95
675
917
2,644
924
23,412
J17
2,958
675
809
2,296
248
3,23B
657
1,677
251
809
2,296
248
23,583
657
1,677
251
19.959
20,345
Page 16

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 October 2024
NET INCOME/(EXPENDITURE) FOR THE YEAR
Net income/(expenditure) is stated after charging/(crediting)-
2024
2023
Depreclation of propertyi plant and equipment
Independent Examiner's remuneration
23,412
23,583
INDEPENDENT EXAMINER'S REMUNERATION
The Independent Examiner's remuneration amounts to a fee of £1,500 (2023.. £1,420).
STAFF COSTS AND EMPLOYEE BENEFITS
The average number of persons employed by the charitable company durlng the year was I
(2023,, 1).
The total staff costs and ernployee beneflt's was as follows..
2024
2023
Wages and salaries ( includ ing soclal secu rity)
400
No employee of the charitable company received total employee benefits of more than £60,000.
7.1 DIRECTORS. REMUNERATION
The Dlrectors neither receiveL1 nor waived any remuneratlon or any other benefits durlng the
year and no reimbursements of expense5 incurred.
Page 17

Brocagh and Distrlct Regeneration Group
(Charitable Company Llfllited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 October 2024
PROPERTY, PLANT AND EQUIPMENT
Land and
Plant and
Fixtures,
Buildings Machinery Fittings and
freehold
Equipment
Total
Cost
At 31 October 2023
1,022,651
6,305
61,310
1,090,266
Additions
At 31 October 2024
1,022,651
6,305
61,310
1,090.266
Depreciation
At 31 October 2023
Charge for year
At 31 October 2024
429,210
6,305
56,800
492,315
449 663
515 727
Net Book Values
At 31 October 2024
572 988
574 539
At 31 October 2023
593 441
597 951
Rf CEIVABLES
2024
2023
Sundry debtors
Taxation and social securlty
1,556
992
207
207
10 PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdrafts
Accruals
other creditors
8,146
6,046
2,270
4,490
Page 18

Brocagh and District Regeneration Group
(Charitable Company Limited bv Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 October 2024
11 PAYABLES: AMOUNTS FALLING DUE A￿ER ONE YEAR
2024
2023
Bank loan
Thi5 loan is secured by mortgage charges and debentures over the charltable company's land
and building5.
Bank loan maturlty analysis
2024
2023
Repayable wlthin one year
Repayable between one and two years
Repayable between two and flve years
Repayable in rnore than five years
1,572
1,572
527
1,572
1,572
1,982
12 ANALYSIS OF NET ASSETS
Unrestrlcted
Funds
2024
Restrlcted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Property, plant and equipment
Current asset5
Current liabilities
Non-current Ilabllltles
112,212
2,548
(16,192)
462,327
574,539
2,548
(16,192)
597,951
207
(8,760)
462 327
558 796
585 844
Page 19

Brocagh and District Regeneration Group
(Charitable Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 October 2024
13 ANALYSIS OF FUNDS
Opening
Balance
Income
Expenditure
Transfer
Between
Funds
Closing
Balance
Rural Developmènt
Council
DAERA
Health & Social Care
Board
Mid-ulster
Councll
DFC Small Grant
Lough Neagh
Pa rtnership
Keep Northern
Ireland Beautlful
Co-operatlon Ireland
Mid-ulster District
Council Repair grant
Restricted Funds
458,072
(17,135)
440,937
1,074
(29)
(3,856)
1,045
3,856
District
5,250
(475)
4,775
1,250
10,340
(1,250)
(220)
10,120
1,500
(750)
750
4,800
(ioo)
(4,903)
4,700
4,903
482,286
8,759
(28,718)
462,327
Unrestrlcted Funds
103,558
22,471
(29,560)
96,469
Total Funds
585 844
558 796
14 CONTINGENT LIABILITIES
A contingent liability exists to repay g rants received should certa In cond itions not be fulfilled by
the company.
Page 20