Company Reglstrallon Number: N1019442 Charlty Number: 103871 Clanrye Abbey Developments IA rompany Ilmltod by gueranl88, nol havln8 a shore eapllall Annual Report and Unaudited Financlal Statements for the flnanclal year ended 31 March 2024 Daly Park & Con)pany Ltd Chartered Accountants 6 Trpvor Hlll Newry Co. Down BT34 1 DN Northern Ireland
Clanrye Abbey Developments IA ¢ompally1Sml(vd by yuaranto9. not hovlng a 8har¢ ¢8plt#ll CONTENTS Pag Reference and Adminlslratlve Informallon Dlrectors, Annual Report statement of Dlrectors, Responslbilltles Independent Examiner'8 Report Slalemenl of Financial Activities Balance Sheet Note8 to the Financial Statements 9-11
Clanrye Abbey Developments IA company Ilmlled by guaianfee, not havlng a sharg Gapltall REFERENCE AND ADMINISTRATIVE INFORMATION Dlrpulors Mlch881 Savage Brendan JAckson Kalharine Maglll Clgra Blan8y Frank Feoley Charlty Number In Northern Ireland 103871 Company Reglstrallon Numbor NIOIQ442 Rgglstored Officg 6 Trevor Hlll Newry Co. Down BT34 1DN Northoin Ireland Prlnclpal Addr955 6 Abbey Yard N8Wry Co. Down 8T34 2EG Northein Ireland Indgpendgnt Examlngr Daly Pork & Company Ltd Chartered Accountants 6 Trevor Hlll Newry Go. Down BT34 IDN Northern IrolAnd Prlnclpal Bankèr8 Flrsl Trust Bank 42-44 Hill Slreet Newry Co. Down BT34 1AU Northern Irèland Sollcllors R8fferty & Co. Sollcllors 83 Hlll Slr¢el Newry Co, Down BT34 10G Northern lièland
Clanrye Abbey Developments IA Company IlmSled by yuar8nt•è, nol havlng a share cap5th11 DIRECTORS, ANNUAL REPORT for thè flnanol81 year Onded 31 March 2024 The dlreclors pres8nl Ihelr Dlreolors, Annual R8porL comblnlng the Directors, Report and Trusteès, Report, and th8 naudlted financlal st81em¢nis fcr th8 finanolal year ended 31 MarGh 2024. Tho Ilnanolal BtAlement8 are prepared In aettordan¢g wllh tho Compan5&s Aol 2008. FRS fj02 'Thè Flnanddl Report(ng Standard appllcable In Iho UK and R6publl¢ of Ireland" and ACntIng and R¢p¢rtlng by Gharilie5: Slalement of Recommended Practlc8 appllGable lo charities prepailng Iheir finan¢lal slalem8nts In aGcordanc8 wlth Iho Flnanclal R8porting Standard gppllcablè in tho UK and Republlc ol Iieland IFRS 1021. The Dlrettlors, Report oonlaln5 the Informauon requlred lo b9 provlded in thè Dlreclors, Annual Raport under Ihg Slalemenl of ReGommènded Pra0t1 ISORPI ouk4&lines. The dlredors of thè company are also charity trustèes for the purpose olcharlty law and under the company's congtllullon arè known as m9mbarts of thè bo4rd oflruslees. In Ihls report the dlre¢lcrs of Clanrye Abbey Developments present a 6umm8ry of lis purposo, governanoè, acllvllles, Bchlevèmants and finances IOT the Qnancl81 fln8nclal ye8r 31 March 2024. The company 18 a reglslered charlty and h8nc6 lh& r8POrt and results are presented In a fom) whlch complles wllh the requlrem8nls of the Companl&s Act 2006 and. although not obllged lo comply wllh tho Slal8menl of R¢¢ommondod Piaollce (ChgrSlles SORP effeolive January 2015), thg org8nlsallon has Implemented 518 Yecommèndatlons where relevant in Ihese finan¢lal slalemenls, Flnanclal Ro8uIts Al the end of tha financial y8pr tho Company has a$Èets of £69,34912023 - £80,586> and11gbllllles of £4,16012023 - £4,180). The nel asse18 of the company have deGreaaed by £{11,2361. Dlre¥tors The d1rectors who served Ihroughout th6 financlal year, except a$ nolèd, wèr8 8$ follows.. MIGha81 Savage Brendan Jackson Kalharlne M8glll Clara Blan8y Frank Feeley In accordancg With tha Arllcle5 of Assodallon, tha dlroclois rellre by rolallon and, b8lng eliglble, offer themselves for re-elecllon. Compllance wllh 8g¢tor.Wlde Leg5slallon and Standard8 Th8 company ongages pro-a¢llvely wlth leglslallon, slandafds and ¢ode3 which are devebped for Ihe Beclor. Clanrye Abbèy Developments subs¢rlbtts lo and l& compliant wilh Ihg lollowlng.. Thè Companlas Act 2006 The Charities SORP (FRS 102) Approved by ihe Board of Dlre¢tor8 on 11 De¢omb8r 2024 81gn¢d on Its bghalf by.. Brèndan Jackson Truste8 Katharl Trustea Maglll
Clanrye Abbey Developments IA oompany Ilmlted by yuaranlgo, not havlnu o sharo capllall STATEMENT OF DIRECTORS, RESPONSIBILITIES for thè finanelal year ended 31 March 2024 The direclor8 8r& responslble for pieparfng the fin8nclal slalements In 8ccordancg wllh appllcable law and regulallons, Company law rgqulr8s the dli8clois lo prepare financlal 51alvmonl$ for each finan¢ial year. Under that law tha dlreclors hav6 elected lo prepare the Qnandal slalgmènls In acoordanco wllh Unlléd Klngdom Genorally Acceplgd A¢countlng Pracllce (Unlled Klngdom Accountlng Slandards and appllcable law) Sncludlng FRS 102 'Th8 Flngnclal Reportlhg Slanrlard 8ppllcabl8 in the UK and Ropubllo of Iraland" Socllon IA (Small Enllll88). Undèr company law Ihg dlioctors must not 4pprove Ihe financlal slalemenls unless Ihey are sallsfied that Ih8y glve a true and lalr vlew ol th8 s181e of artalrs of the company and of Ihe surplus grdofiult of tho company forthal p&rlod. In preporlng Ihese finanolal slalBm8nls, thè dlre¢lorJ requlred lo,. seléct sultab18 accounting ptsll¢l¢s and apply (hem Gonslsl8n make judgèmènts and èsllmatos Ihal ale reasonable and pru enl., slalo whether the financlal slalemenls have been prepared In aGG0rdan wllh the ro18vanl financial reportlng framework, Idenllfy Ihose $landard8, and note the effect and the reasons lor any material departure from Ihose standards., 8nd pTepar8 the financlal slalements on the golng concern bas18 unless 11 Is Inapproprlale lo prosume that the compAny wlll ¢onlinu¢ In opèr8110n. Th8 dlreclor# conllrm Ihal Ihay have complled wllh the abov& requlremonls In preparfng thè financlal slalernenls. The dlr8¢lorg aro re5pon55ble for keeplng adequate arGounllng ie¢ords Ihal are 8ufflGl¢nt to Show and explaln the companyls Iransocilons and dl8close wllh r8asonabl8 acouracy 81 any Ilm8 the finandal pDslllon of the company and 8nable Ihgm to ensure Ihal Ihe fin8ncio1 slalemonls comply wllh. They are also responslble for safeguarding thè asse18 01 th8 oompany and hènce for laklng reasonable steps for thè prev8nllon and délecllon ol Iraud and oth8r Iriègularllles. Approvod by the B04rd of Dlrectors on 11 Decgmber 2024 and 8lllned oh Its bghalf by: Brèndan Jackson Trustea Ka ar Trustèe ag
ClanryeAbbey Developments IA cornpany Ilmllod by guaranleg, nol havlng a Gharo copltall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF CLANRYE ABBEY DEVELOPMENTS We have examlned thè finanfjlal slalemenls of the company for the financlal year ondèd 31 March 2024, which comprlse the Ststement of Financl&l Activlllos Ilncorporaling an Income and Exp8ndllurs Account), Ihe Balantk She81 and the relal8d notes. This report Is made solely to tho company's members, os 4 bodyi In ac¢ordaneA wlth Chaptsr 3 of Part 16 01 tho Companle8 Aci 2008. Our work ha8 b88n und8rtaken so Ihal we mlght Gomp118 the financlal slalemenls that W8 have been engaged lo complle, roport lo the Board of Dlreclor8 that we hav8 done so, and stale those maitgrs that we havo agieed to stole to them in Ihls r8POrt and for no other purpose, To the fullest exlenl pomiltt8d by law, w8 do noi accept or assume responslblllty to anyono olher than the ¢ompany and Ihè company's members, as a body, for our work, or for Ihla rep¢rt. ReBpeotlve re5ponslbllltl?s of dlrgctors and gxamlngr Tha company's Iru$t888 (who are also tho dlreclors orthg company for the purpos?5 of company18wI are re5ponslblo for the preparallon of the flnanclal statemènls In a¢cordan¢g wllh Ihe requlremenls ol thg Companles Act 2006. The company's dlrè¢lors con85der Ihal an audll 6$ not r¢qulred for Ihls fSnanclal year undèr Chaptèr 3 01 Pgrt 16 of tha Companies Act 2006 and that an Ind8p&ndenl examlnallon Is requlrod, It Is our responslblllty to., examlne the finan¢ial slalement8 undèr 8ecllon 65 Jf the Ch8rlll88 AGI; lollow the pro¢¢dura5 laid down by tho genèral Dlrecll¢n$ 9lven by thè Charlty Commlssion for Northern Ireland under secllon 6519llb> of Ihè Chori119s Ad., and state whether partlcular matters havo come to our attenllon. Basls of Indepènd&nt oxamlngr's report Wtr have examlned your comp8ny rinanolal $tatemenls as roqulred under s1%0 65 of the Chartllg8 Act and our examination was ¢arrl¢d oul In accordance wllh the g8n8ral Diroollon8 glven by thè Charlty Commlsslon for Northern Iroland under s¢¢llon $5(91{bl of the Charllies Act. An examinallon Indudes a rew8w of th? acctsunling r8cords kopt by th8 company and a Gomparison of th& finanolal slAlèmenl8 presented with th03e r8cords. It also includeg onslderallon of any unusual Il&ms or disclosuTes in lh8 finanGial statements and soeklng explan8llons from Ihe dlroclors conce¥nlng any suGh matters. The procèdures undortaken do not provlde all the evldonce that would be requlred In an audll and oonsequenlly no oplnlon Is glven as to whelhor Ihe accounts present a 'liue and falrf vltsw and tho report Is1Smll¢d lo thosg matters 581 out In Ihg slalgmenl below. In connecllon wllh our examlnallon, no mattgr h8s com9 to our allenlion whl¢h glv&s us causg lo bg11gv9 Ihal In, any molerial respect: a¢counllng re¢ord$ were not kept In aocordanco wllh seGllon 38e of tha Companies Act 2006 th8 finanolal stal8menls do not accord with those accounting records th8 linanclal slatom8nls hova not bgen Prepared In a¢Gordan¢a wllh the accounting r¢)qulremenls ol s¢¢llon 396 01 the Companles Acl 2IXIts and wllh the molhods and prln¢lpl8s of Ihp Slalem&nl of Rgcomm&ndgd Pracll¢o appll¢ablo to Gharili¢s prepadng Ih8ir accounts In accordance wllh Iha Flnanelal Reportlng Slandard appllcable In the UK and Republlc of Iroland IFRS8021 Ih8r8 is furthor Information n8edad for a proper und&rslandlng oflha accounts to be reached. Indgppnd9nt èxamln8rf8 $tatem8nt We have no Goncems and have coute across no olher m811ers in conneutlon wllh the examination lo whluh all8nlion shoukt be drawn In Ihls report In order lo onable a proper underslanding of the finanelot slalemenls lo be reathed. R,ai-d- DALY P K & COMPANY L Chartered Accounlanls 6 Trevor Hlll Nawry Co. Down BT34 1DN Northern Ir61and Dato.. 11 D8cemb8r 2024
Clanrye Abbey Developments IA CDmpany Ilmlted by guar8nlg&, not havlng H tha ¢apllall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an Incomg and Expendlluro Account) for the financlal ye8r ended 31 March 2024 Unreslrlcted Funds 2024 Total UnTeslricled Fund8 Funds 2024 2023 Total Funds 2023 Nol88 Resour¢g$ Expended Charflable aclivilies Olher exp8ndllur6 1,236 10,000 1,236 10,000 1,886 5,000 1.686 5,000 Tolal Resources Exppnded 11,236 11,236 6,686 6,686 Net Inttomingloutgoing resDurco3 before tr4naf8rs (11,2381 111,2361 (6,686} {6,6861 Gross transf8rs bètween lund8 Net movemont In fvnds for the Ilnanclal year (11,2361 (11,2361 (6,6881 <6,686) Rgconclllatlon oi funds.. Total funds beginning of the year 76A25 76,425 83,111 83,111 Total funds at thè end of the yèar 65,189 65,189 76,425 76,425 The Slalemenl of Fln3n¢lal A¢11118$ Includes all galns and105599 re¢ognised in the finan¢lal year. All Income and expendllure Trlal8 lo ¢onlinulng acllvllles. Thu nol05 on pyoe8 910 I I lorm part ol Ihq fir>anclal slalein8nls
Clanrye Abbey Developments {A oompany Ilmllod by guaranteo, nol havlng a 8haro ¢apltall Company Nurnb8r,. NIO19442 BALANCE SHEET as 8t 31 Mar¢h 2024 2024 2023 Not95 Currgnt Asset5 Cash at bank and In hand $9,349 80,585 Crèdltors: Amounts falllng du6 wlthln one yoar Nèt Current A888t8 14,1801 {4,180} 65,189 76,425 Total A8s¢ts leB5 Currant Llabllltles 6S,189 78,425 Funds Deslgnal¢d fvnds IUnr8stricled) 65,189 76,425 Total fund8 66,189 76,425 Thg$e flnanclal slalements h&ve bè8n ppared In accordance wllh tho speclal provlslons re1811ng lo small ¢ompanl8s wllhln Part15 ufths Companlgs AGI 2006. For the finanGlal year ended 31 March 2024 ihe company was 8nlllled lo exempllon from audlt undèr secllon 477 01 Ihe Companlos Aol 2006., 8rKI no nollce has been deposlled under 8e¢tlon 476. The directors confirn that Iho memb8r8 have not r&qulr¢d the company lo oblaln an audll ol Ils financlal slalemen16 for the financlal year In qugsllon In accordanca with sgctlon 476 L¥f fhe Gompanles Aol 2006, The dlreclors acknowledg8 Ihelr rèspon8lblllllÈs for gnsurln9 that th8 company kaep$ aocounling records whlch crjmply wllh secuon 386 and for proparing financlal slalemenls whlch glve a twe and falr view of the slate of affalrs of Ihe company as al the end ol the financlal year 8nd ol ils profil and108s for th& financlal year In accordance wllh tho requiremonls of Sgcllong 394 and 396 and whlch othèrwsts comply wllh th8 requlramants of lh¢ Gompanles Act 2006 relatlng to flnan¢lal stalemenls, so far as appllcable to the company. The financlal slalem8nts h8ve been pr&pored In a¢¢ordanGe wllh tho provlslons 8pplicable lo companles subject to the small comp8nlgs' reglme and in accordanea wlth FRS 102 'Th8 Flnan¢lal Reportlng Standard appllcablg In Ihg UK and Republlc ol Ire10nd" applylng Secllon 1A of Ihal Standard, Approved by thè Bogrd of Dlre¢lois and aulhorlged for Issue on 11 Dgcgmbgr 2024 and slgnèd on Its bphalf by Brendan Jackson Tru8top no Trustee aglll Thè nD1è5 on p89eÈ 910 11 lom part ofiho flnanclal Glalem6nls
Clanrye Abbey Developments IA company Ilmltgd by guor4nlep¥ not havlno a $harg capll811 NOTES TO THE FINANCIAL STATEMENTS for Ihg financlal year ended 31 March 2D24 GENERAL INFORMATION Clanryè Abbey Developments is a company Ilmlted by guaranleo Incorporaled in Northern Ireland. Tha reglslered offlce of the ¢ompany15 8 Trov¢r Hlll, N8wry, Go, DDWn, BT34 1DN. Northern Ireland which Ss also the prlnclpal place of buslness of the Gomp8ny The financial slalemenls havo be8n pr8senled In Pound <£) whlch Is also Ihg funcllonal ourrèncy of the compuny. stIMMARY OF SIGNIFICANT ACCOUNTING POLICIES Tho followlng accoL¢nUng pollcl88 have bean applled cons18t8ntty In deallng wllh It9ms which are consldered malèrlal In relallon lo the oharlly's flnanolal sldlemenlg. Ba¥1¥ of pweparallon Th8 flnan¢lal slalemenls have be8n prepared on the gdng conc8rn ba515 under Ihg h151orS¢al cost oonvenllon, modlf58d to Includ8 c8rtaln118ms al falr valu?. Tho Inanclal slatern8nls have been prepared In a¢cord8nce th thè Staltrmonl of Re¢ommend8d Praollce (SORP}"Accounling and Reporting by Charllles pr8parlng Ihelr accounts In 8ccordance wlth th8 Ftn8n¢lal Reportlng Standard appllc8blo In th8 UK and Republlo of Ireland FRS 102" applying S8clion IA of th81 $14nd8rd. As pamilttod by the Companles Act 2006. tho COmPAny has varfed the slgndard formals In that utsl for tho Slalement of Fln9nttlal Aclivilles and the Balance Sheèt. Dèpartures from the standard fomials are lo comply with the requirements of lh8 Charllles SORP and are in compllance wllh sèollon 4.7. 10.6 ond 15.2 of that SORP. Statement ol compllanc9 Th8 flnanclal slatemenls of th& compgrsy for th& finandal y88r ended 31 D8cemb8r 2017 have bèen prepared on Ihg going wncem basss and accordancg wllh tho Slalemenl of Recommended Pracllce (SORPI "Aceounling and Reportlng by Charllles proparlng Ihelr accounts In accordanG# wllh the Financlal Reportlng Standard appllcable In Ihg UK and Rgpubllc of Ireland FRS 102" applylng Seollon IA of that Sl8ndBrd, Incomlng Re3ource$ Voluntary Income or capllal Is Included In th8 Slalemenl of Flnanclal Aollvllles when the company Is legally entllled lo11, 11$ Ilnan¢lal valu8 Gan be quanllfjgd wllh reasonabl8 certainty and th&ro Is r88sonablè c8rt8lnty ol Ils ultimate reipt. Enilllewnenl lo legacles is consldgred eslgbllshed when the company has been not(fied of a dlslrlbullon lo b8 mado by Ihg gxeculors. In¢om8 r?¢olved In Rdvance of duo'pgrfollnance uT)d8r a conlraGI Is acttounled for os d&forrod Incom8 unlll earned, Grants for aollvlllgs are recognlsed a8 Income whon lh8 related ¢ondltlon8 for18gal enllllement have been mèl, All other Income Is accounted for on an accruals basls. Resources Expended All resour¢¢s exp8ncl&d are accounlod for on an accruals basls. Charllabla a¢llvlll8s Include Gosls of $¢rvlcas and grants, support ¢o$l$ and depreolatton on related asset5. Cosls of generatSng fund8 slmllarly Inolud& fundralslng acllvlll8s, Non-slgff cost$ not attrlbuled to on6 calegory ol acllvlty are allocalÉd or apportloned pro-rala to th8 slofflng of the Telovanl service. Flnance, HR. IT ond adminislrallve stsff oosls are dlredly attdbulabl? lo Indivldual acllvllles by obleclive. GoveTnance costs arg those assoclBled wllh conslllullon81 and slalulory requlrefflents, Cash at bank and In hand Cash al bank and In hand ¢omprlse$ ¢gsh on depos11 at banks requlrlng legs than three monlhs notice of wllhdrawal, Taxatlon No Current Of dgferrod lax411on arfses as th8 company has bogn granted charllable 6x8mpiion. Irrecoverable valued addod18x Is expensed as Incurred, No provi8lon for laxalion 1$ ne¢¢ssary as Clanrya Abbey Developmgnts Is gxempl from Igx8(lon by vlrtue of Ils charilablo acllvllles. EXPENDITURE
conllnuod Clanrye Abbey Dovelopments IA company Ilmlted by guoranlg9, Iiot havlng o sh&rè copltall NOTES TO THE FINANCIAL STATEMENTS for Ihe flnanclal y8ar ended 31 Mar¢h 2024 CHARITABLE ACTIVITIES Dlre¢t Costs other Cost9 Support Cost8 2024 2023 Admlnlylrallon Exp&n$e$ Govemante Cosls {Nole 3.3} 467 202 435 669 587 1,686 132 467 132 637 1,236 1,686 OTHER EXPENDITURE Dlrect Costs othpr Costs Support Costs 2024 2023 Other expondilure 10,000 10,000 5,ODO GOVERNANCE COST8 Dlreot Costs other Costs Support Costs 2024 2023 Charltable acllvltles- govemance cost 132 435 567 SUPPORT COSTS Charltable GovornanG Aotlvltle$ Co¥ts 2024 2023 Accounlaney Insuranc8 435 435 202 555 1,ODI 202 202 435 637 1,556 ANALYSIS OF SUPPORT COST8 2024 2023 Accounlanoy Insurance 435 202 555 1.001 637 1,556 CREDITORS Amounts falllng duo wlthln one ygar 2024 2023 Acorijals and defoired in¢om8 4,160 4,160 RESERVES 21124 2023 Al the beginnlng of the y8ar Deficll for the finan¢lol year Al th9 gnd ollhe year 76,425 {11,2361 83,111 16,686) 65,189 76,425 10
conllnued Clanrye Abbey Developments IA company Ilmlted by guaran1••, not h&vlno a shArè oapllill NOTES TO THE FINANCIAL STATEMENTS foi the financlal year ended 31 March 2024 FUNDS REGONCILIATION OF MOVEMENT IN FUNDS Unrestrlctgd Funds Total Funds Al l Aprll 2022 Movement durlng Ihe fin8ncl81 year 83,111 {6,686} 83,111 {6,686) Al 31 March 2023 Movemenl durlng tha financlal y8ar 76,425 111,2361 76,425 111,236} At 31 March 2024 65,189 65,189 ANALYSIS OF MOVEMENTS ON FUNDS alanttè Expondlturo l Aprll 2023 Transfers bètweèn fund$ Balance 31 Maroh 2024 Unrestrlcted fund8 Unreslrl¢led 76,425 11,236 65,189 Total fund5 76,425 11,236 65,189 ANALYSIS OF NET ASSETS BY FUND Curr•nt aSGots Current Ilabllltlg8 Total Unrestricted de5ignaled funds 69,349 14,160) 65,189 69,349 14,1601 65,189 STATUS The company Is Ilmlted by guarantee not havlng a sharg Gaplial. Th6118blllly of lh9 mgmbgrs Is limlled, Evary member ol the company undertake51o ¢onlribulo lo Ihe asse18 of th8 company In th6 evonl of ils beSng wound up whllè Ihèy are members, or wllhin one year thèrèaft8r. for the paymgnl of Ihe debt8 and Ilabllllles ol ihe company eonlracled before Ih@y c6asÈd lo b8 members, snd Ihts ctssls, Gharges and exp6n8es ofwlndlng up, and for the adjuslmenl ol tho ilghls ol thè conlrlbulors among themselves, such amount as may be qulred, nol ex¢88dlng £ l. POST-BALANCE SHEET EVENTS There have been no slgnlfl¢anl $venl8 affectlng tho Chadly slnce tho fingnclal year-end. Iq
CLANRYE ABBEY DEVELOPMENTS IA ¢ompany limitgd by guaranlèè. not havlng a sharg capltAI} SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 12
Clanrye Abbey Developments IA company Ilmlted by guaranteg, not havlng a share capllal) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operallng Slalement for the flnancial year ended 31 March 2024 2024 2023 Expenses Insurance Accountancy Bank charges General expenses Charitable donations 202 360 132 542 10,000 1,001 330 130 225 5,000 11,236 6,686 Net deflclt (11.236) {6,6861 The supplementary infomiation does not fonn part of the flnancial stateménls 13