Company Roglgtratlon Number,, N1019442 Charlty Numbvr; 103871 Clanrye Abbey Developments IA ¢omp8ny Ilmlt•d by gvar4t)1g•, not havlng a shats c•plt411 Annual Report and Unaudlted Financlal Statements for the flnancial year ended 31 March 2023 COWPNV4ies HOUSE 2 fs DEC IfJ13 BELF.,isT *JCIRXMJM• 2011212023 COMPANIES HOUSE JNI #109 Daly Park & Company Ltd Ch8rl•r•d Accountsnt8 6 Tf¢vor Hlll N•wry Co. Dovm BT34 1 DN Northern Ireland Clanrya Abbey Developments IA compahy Ilmll•d by guttrant•è, 1101 havlng • 8hor• ¢aplthl) CONTENTS Page Reference and Administraiive Infomalion Directors, Annual Reptsrt Statement of Directors, Responsibilities Independenl Examinerfs Report Statement of Flnancial Activities B8lan¢e Sheet Notes to Ihe Financlal Slalements 9-11 Clanrye Abbèy Developments IA Company Ilthltod by guaTant*o, not havlng O cgplthl REFERENCE AND ADMINISTRATIVE INFORMATION Dlro¢tors Michael Savag& 8fénd8n Jackson Katharine Magill Clara 8lanèy Ffank Fe8ley Charfty Numbor In Northern Ireland 103871 Cothpahy Rè9l$tr4tlon Number N1019442 Rogl8teTed OIfiGo 6 TTrvof Hill Newry Co. Down 8T34 IDN Norlhern Ireland Prln¢lpal Addr•$8 6 Abbey Yar Newry Co. Down BT34 2EG Northem Ireland lThdependent Examlnof Daly Park & Company Ltd Charteréd A¢¢oun18nls 6 Trevor Hill Newry Co. Down BTY 1DN Northern Ireland Prln¢lpal 84nkpr8 Flrst Twst 8ank 4244 Hlll Street Newry Co. Down BT34 1AV Northem Ireland Sollcltors Raffety & Co. Sollcllors 83 Hill Slf681 Newry Co. Down 8T34 IDG Northem Ireland V.7.: -v.￿-. 4.'7-. .. Clanrye Abbey Developments IA Fprnp•Dy Ilmllèd by &v8rnnt••. not havlng 8 Sha￿ capltsll DIRECTORS. ANNUAL REPORT for the financial year ended 31 March 2023 Tho d1￿CtorS present their Direclorg. Annual Report, combinin9 the Dlrectors, Report and Truslee$' Réport, and the unaudiled financlal slalements for lh8 financial year ended 31 March 2023. Th& financlal statemen15 are prepared in accordance wllh the Companles Act 2006. FRS 102 "The Fihahefal Reportlfi9 Standard applicable in the UK and Republic of Ireland" 8nd Accounting and Reporting by Charities.. Statement ol Récommended Practice applicable lo charilies preparing their ffrtan¢i81 statements in a¢¢ordan¢e with the Flnanclel Reporttng Slandard applicable in the UK and Republlc of Ireland (FRS 1021. The Dlrethors. Report contains the infon￿atIOn required lo be provided in the Directo￿, Annual Report under Ihe Slalgmgnl of R&commended Pra¢lice (SORPI guidelines. The directors of the company are also eharfty trustee8 for the purpose of charity law and under the company's con51ilulion are known as membe(s ol the board ol Injslees. In this Eport the directors of Clanrye Abbey Developments present a summary of Ils purpose, govérnancé, 8Ctivitles. achievements and financ¥s for th8 finanGlal financial year 31 March 2023. The company is a regSstered charity and heTr￿ the report and results are presented in a form whlch complles with the requlrements of ihe Companles Act 2008 and, although not obliged lo comply with the Slatement of Recommended Pradice {Charflles SORP effecllve January 20151. the organlsalion h8s implemented its ￿¢0MmendatIonS where relpvanl in these financial stalemenls. Flnanclal Results Al the end ol the financial year the company has assets ol £BQ,58512022 £87,271} and liabllilies of £4.16012022 £4,160). The not assols ol the company have docreasod by £16,686). Diroctor The directors who Seryod throughout the financial year, except as nolgd, were as lollows-, Mi¢h8el Savage Brendan Jackson Katharine M89ill Clara Blaney Frank Feeley In accordance wlth the Artlcles of Assoclallon, the dlreclors retlre by rolatton and, being ellgiblé, olfer themselves for re-election, Compllan¢o wSth So¢tor-Widp Lpglslatlon and Standards The company engagès pro-actfjvely with le$islatton, standards and codes which are developed for Ihe sectoi. CIBnry8 Abbey Developments subscribes to and is compliant with the lollowing.. The Companies Act 2006 The Charitlos SORP {FRS 1021 Approved by the Board of Dlrector8 on 18 Dee¢mber 2023 and $lgnod on Its behalf by., Brendan Jackson Trust99 fine Tru$tg9 Clanrye Abbey Developments IA ¢ompAny Ilmltod by guaranloo. not a 6haro ¢apltsii STATEMENT OF DIRECTORS, RESPONSIBILITIES for Ihe finan¢iai yèaf ended 31 MaTch 2023 The diieGtors are responsible for preparing the financial statements in accordanrA with Bppllcable law and regulations. Company law requif8s the direciors lo prepar• financial slatemenls lor each financial year. UndeT that law Ihe directors hAve elected lo prepare the financlal slalements In accordanc8 with United Klngdom Gènerally Aceepled Accounllng Prèdice (United Kingdom Accounling Standards and applicable law) includlng FRS 102 'Th6 Flnan¢lg1 Reportlng Standard appllcable in the UK and Republic of Ir818nd" Sectlon 1A {Small Enllties). Undor eompany law tho dlreclors musl not approve Ihe financial statement$ unless they are sallsfi8d that Ihey give a true and falr view ol the stale of affairs ol the Company and ol the surplus or deficil of Ihe company for that period. In preparin9 thèse financial slalemenls, the directors are rèqulred lo-, select suitable ac¢ounlin9 policies and apply Ihem consisl&nlly- make judgemènts and esllrnate$ that ale reasonablg and prudent; slate whether Ihe flnanclal slalemenls have been prepared in aCw{dan￿ with th& rèlevant financial reporting framewort(, identify Ihoso slandards, and note the effetsi and the reasons for any malerfal departure from Ihosa sl8ndard$', and prepare the financlal slalements on Ihe 9oln9 concem ba515 unless il is inapproprialo lo presum8 that Ihe company wi15 conlinue in oporalion. The dlrectorE q)nfiffti Ihal Ihey hgve crJmplled wllh the above requirements in preparing the financlal statements. Th& dlredors arè rèsponsiblè for kèèpin9 adequate avxJunlin9 Trcords that are sufficlenl ID show and explaln the company's tran53dions and di8¢1o$e wilh reasonable accuracy al any lime the finanaal position of th8 company and enable Ihern lo er$su￿ Ihal the financial stal¢monts compty with. They a￿ also responsible for safeguarding thè 8ssels ol Ihg ¢ornpany and héncé lor taklng re8sonable sleps for Ihe prevenllon and detection of fraud and other Irregularftles, Approved by thè B¢ard of Dlr*¢lor¥ on 18 D•cgmbgT 2023 and slgnèd on Its behall by: 8rendan Jack80n Trustee K#th Tru8to9 Clanrye Abbey Developments IA eOn)pany IlmIte￿ by guJToTrtg4, not h8vlng g sharv ¢¥pi¢o11 INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF CLANRYE ABBEY DEVELOPMENTS We have examlned Ihe financial slalements of the company lor the financial year ended 31 March 2023, which comprise the Slaleméni of FlnancSal Adivities {Incorporallng art InLYJfhe and Expenditufe Accourtl}, the Balance Sheet ond the relaled noles. This report is madé solely lo tho company's membe15, 85 a body, in accordance wilh Chapter 3 of Part 16 of tho Companies Acl 2006. Our work has been undertaken 80 that we mighl ￿MplIe the financlal slatemerbts that we have baen engaged lo compllo. report to the Board of Dlreclors Ihal we have done so, and slale those matters Ihal we have agreed lo stale to them in thi5 Teport and (or no other purpose. To the fvllest éxtenl pemitted bylaw, wé do not a￿p1 oi assume responslbllity lo anyone other than the Company and the CAimpanls members, as a body, for otsr wort(. or for this ￿POrt. Re$pe¢tlve re$pon$lbilltle$ of dlrg¢¢•rg and oxamlnor The company's truslees (who are also the diiector5 of the ￿)rnPany for lh8 purposes ol company lawl are responsiblè for Ihe prèparalltsn of the financial slalemenls in accordance with thè requirem8nls ol the Companiés A¢t 2006. Thg mpany's dlredoTr ¢onslder Ihal en audil Is not requlred for this flnan¢lal year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independanl examlnatlon is requirad. 11 1$ our regponslblllty lo.. examlne the financla5 stalemenls under secllon 65 of Ihe Charilies Acl: follow thè pror*dures laid down by the g8nèral Difèclions giV8n by Ihe Ch81ity Commission for Northern Irelgnd under pR¢tlon 6519)Ib) of the Charllles Act; and stalè whelhef particular matters havè CAryme lo our attentlon. Bag1$ of Indop•nd•nl •xamln•f8 fOPOrt We have examlned your company financial slatemenls as required under $6ctSon 65 01 the Chorilies Acl and our examination was carried oul in accord8n¢8 with the general Directions glven by the Charity Commisslon for Nor1hem Ireland undtr stclion 65(9llb) ol the CharillÈs Ad. An èxamihation Sncludes a review ol the acMunting rewrds kept by the company and a compaflson of the financial statements presented with those records. 11 also Includes consideration ol any unusual ilems or dlsclosures in the finandal 51alements and setklng explaTrallons from the directots concÈming any such niattèts. The procedures undertaken do not provide all the evldence thal would be requlred In an audlt and ¢onseouenlly no opinion is given as to whether the account8 present a 'true and fal¢ view and Ihe report 15 limiled lo Ihose matters set out in Ihe statement below. In connecllon wllh our examlnation, no matter has o)me lo our attenllon whlch glves us cause lo bellev8 Ihal In, any material respect.. accounling ￿PAirdS were not kept In aceordane8 with section 386 of the Companles Acl 2006 Ihe financlal slaiÈmenls do not a¢K￿ld with those accounling records ihe finand818laiemenls have not been prepared in accor¢lance wilh the accountlng requirements of se¢tlon 396 of the Companles Acl 20(6 and with the rnethod$ and principles of the Slalemenl of Recornrnended Pra¢fyc appllcable to charftles pr&parin9 Ihelr accounts In accordance wilh the Financial Reportin9 Slandard appllcable In thè UK and Republic of Ireland {FRS102> there is further infomialion néeded for a proper undèrslandlng ol Ihe accounts lo be re8¢hod. Independent ex•rnlnerf8 8tat•ment We have no CA)n¢ems and have ¢ome across no other mattefs in connection with Ihe examination to which attention should be drawn In Ihls report In order lo enable a pToper under51andlng of the financlal slalemenls lo be reachod. OALY PARK & COMPANY L Chartored Accountanls 6 Trevor Hlll Newry Co. Down BT34 10M Northém Ireland Dale; 18 Oe¢ember 2023 Clanrye Abbey Developments IA Company Ilffllt•d by guarantgo. not havlng ¥ $har¢ ¢apithl STATEMENT OF FINANCIAL ACTIVITIES Ilncorporntlng EMppndllwTv Aeeouttii lor Ihe financlal year ended 31 March 2023 Unre8lricted Funds 2023 Tolal Unreslricled Funds Funds 2023 2022 Total Funds 2022 Note$ Regource$ Expgnd•d Chaittablè aclivilies Other exptndllure 1,6B6 5,000 1,SB6 5,000 1.223 1,223 Tolal Resouree8 Expended 6,686 6,616 1.223 1,223 N9t in¢omingloutgoin9 wesour¢gs bèlorn transfer9 16,6861 (6,686) (1.2231 11,223) Gross Iransfers beN¥een funds Net movement In funds for tho financlal year (6,686) (6,686) 11,223) (1,2231 Re¢oncil•atic+n of funds: Total fuhds beglnning of the year 83,111 63,111 84,334 Totsl lunds atthe end of the y•ar 76,425 76,425 83,111 83,111 The Slalernent of Financial Activities includes all gains an¢y losses recognisod in the financial year. 'All Income gnd expenditure relate to rJ)nllnulng aclivltles. Th¥ nolO$ on paoes 9 to 11 forn pgrt ol the fin8nd81 stalemenls Clanrye Abbey Developments IA cornp3ny limllgd by guarant9¢. noi havlno a &ttaro capitsl Company Numbgr.. N1019442 BALANCE SHEET a$ 8131 March 2023 2023 2022 Note9 CurrentAssgts Cash al bank and In hand 80,685 87.271 Credltors: Amotsnts falllhg due wlthln one yea 14.160) (4,180) Net Current Assets 76,426 83,111 Totsl A$sotg loss Gurront Llabllltles 76,425 83,111 Fund8 Designoled fvnds Iunrestrieled) 76,425 83,111 Total funds 76.425 83.111 These financl81 statements have been prepared in 8ccordanc8 with th8 special PrO￿$10n5 relating lo small eompanles wllhln Part 15 01 the Companle5 Act 2006. For the financial year ended 31 March 2023 the company was enlilled lo exemption from au¢it under $edion 477 01 the Companies Act 2006.. and no notice has been deposited under seelion 478. The direclofs eonfim) that Ihè members have not required the company lo oblaln an audil of its financial stalem8nls Tor the finandal year in questlon In accordanrE wllh sectlon 476 of the Compani¢5 Act 2008. The directors acknowledge Iheir responsibilities for ensurlng that the company keeps accountin9 record$ which comply with seclion 386 and for pfeparina financial slatèments whlch give a true and fair view of the slate of affaiis ol the company as al th8 end of th8 fingnoial year and of ils profil and loss for the financial year in accordanr£ with the requirements of section5 394 and 395 and which olheNlse comply wllh Ihe requlrements ol the Companies A¢t 2006 rel81ing to financial stolemenls, so far as applicable lo the company. The fingnGio1 statements have been piepared In a¢MrdanrA with lh8 provisions applIC￿ble lo companles sublect lo the small cornpanles, reglme and in accordance wlih FRS 102 "The Flnancial Reporting Standard applicable In Ihe UK and Republic of Ireland" applying Section 1A of that Slandard. Approved by Ihe Board of Dlr8ctors and authorlsod for165ue on 18 December 2023 and tslgned on Its hehalf by an Ja¢kson Trustee Kat TNstee Th¢ notes Ort pages g 10 11 lomi part ol the finanelal tslalèmertls Clanrye Abbey Dèvelopments IA company Ilmltèd by 0￿#rant00, noi havlng 8 $haro capltall NOTES TO THE FINANCIAL STATEMENTS for Ihe financlal yoor ènded 31 March 2023 GENEIiAL INFORMATION Clanry& Abbey Developm¢nts Is a company Ilmlied by guarant@8 incorporated in Northem Ireland. The reglslered Offi￿ of the company Is 6 Trevor Hill, Newry. Co. Down. BT34 1 DN. Northem Ireland whlch Is 8190 Iho principal place of busin&ss of Ihè company Th? financlal statements have been presenled in Pound (£) whlch 1$ 81$0 the bJndion81 currency ol the comp8ny. SUMMARY OF SIGMIFICANT ACCOUNTING POLICIES Th8 following accounling policies have been applied consistently In dèaling wllh items whlch gre con$ldeTrd malefial in relation lo thè chaAty's finanaal slalemenls. 8asl3 of preparatlon The finandal slalèments ha￿ been prepared on the golng conr£m basls under the hlslorfcal cost convention. ModIfi￿ lo Include ￿rtaIn items al fair value. The financlal slalemenls have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accountin9 and Reporting by Chadlles preparlng thelr accounts in accordan￿ with th& Fiftancial Reporting Slandard applitable In the UK and Republic of Ireland FRS 102" applylng Section 1A ol that Standard. As pem)itted by Ihg Comp8nigs Act 20Qe, Ihg fxtmpany has varled the standard fom)ats in tho1 ad for the Slalempnl ol Flnanclal AGlivllles and Ihe Balanefy Sheel. Departures from lh8 $landard formals are lo comply with the ftquirem8nts of th• CharllSes SORP and are In ¢ompllancÈ wllh se¢lion 4.7. 10.6 and 15.2 ol that SORP, Stat¢m¢nt of ¢ompllance The linandal statements of Ihe ￿Mpar*Y for the finan¢ial yeer ended 31 D9￿mber 2017 have been prepared on the going conr£m basls and In accordan￿ wllh the Slatemenl of Re￿Mmended Practlcè ISORP) Attounlin9 arsd Reportlng by Charities preparing Ihoir accounts In a¢¢ordanc¢ with thè Firtan¢ial Reporlin9 Standard applScable In the UK and Republic of I￿land FRS 102" applylng Section 1A of that Slandard. Incèmlng Règoureè8 Volunlary Incomp or c4pi1g1 is included In the Slatement ol Financial A￿6vIlle$ when the company is legally entitled lo11, ils financial value Can be quantified wilh reasonable certainty and thère is reasonable cértainty ol its ultlmate reGelpl. Enllllement tolggacies Is con$ldered e$tobllshed when the v)mpony has beon nolified of a distribution 10 be made by Ihe exa¢utors. IncK)me receSved In advanc4 of due perfom)ance under a contrad Is accounted for as dèlerred Income until eamed. Granls for activllles are recognisèd as Ineomè when tha related conditions for le901 enlillamenl hav8 been met. All other Income is accounted for on an 8¢£wals baslg. Ro$ouf¢e8 Expended All resour&*s expènde