Company Reglstratlon Number: N1019442 Charity Number: 103871 Clanrye Abbey Developments IA company Ilmlttsd by guarantee, nol havlng a share capltall Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025 Daly Park & Company Ltd Chartered Accountants 6 Trevor Hill Newry Go, Down BT34 1 DN Northern Ireland
Clanrye Abbey Developments IA company Ilmlted by guarantee, nol hovlng a share capltall CONTENTS Page Reference and Administrative Information Directors, Annual Report Statement of Directors, Responsibilities Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Financial Slatements 9- 11
Clanrye Abbey Developments IA company Ilmlled by guaranteo, not havlng a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Dlrectors Michael Savage Brendan Jackson Kalharine Magill Clara Blaney Frank Fe6ley Charity Number In Northern Ireland 103871 Company Reglstratlon Number N1019442 Reglstered Office 6 Trevor Hill Newry Co. Down BT34 1DN Northern Ireland Prlncipal Address 6 Abbey Yard Newry Co. Down BT34 2EG Northern Ireland Independent Examlner Daly Park & Company Ltd Chartered Accounlanls 6 Trevor Hill Newry Co. Down BT34 1DN Northern Ireland Prln¢lpal Bankers First Trust Bank 42-44 Hlll Slreel Newry Co. Down BT34 1AU Northern Ireland Sollcitors Rafferty & Co. Solicitors 83 Hill Street Newry Co. Down BT34 1DG Northern Ireland
Clanrye Abbey Developments {A oompany Ilmlted by guarant8#, not havlng a $hare capltall DIRECTORS. ANNUAL REPORT for the financial year ended 31 March 2025 The directors present their Dire¢lors' Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 31 March 2025. The finonclal statements are prepared In accordance with the Companles Act 2006, FRS 102 "The Flnancial Rgporting Standard applicable in the UK and Republic of Ireland" and Accounllng and Reporting by Charities: statement of Recommended Practice applicable to charitles preparing Ihelr financial slatemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}. The Dlreclors, Report contains tha informalion requifed to be provlded in the Direclors, Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the company are also charity trustees for the purpose of charity law and under the company's constitutlon are known as members of the board of trustees. In thls report Ihe dlrectors of Clanrye Abbey Developments present a summary of its purpose, governance, aclivilies, achievements and flnances for the financial financial year 31 March 2025. The company is a registered charily and hence the report and result8 are presented in a form whlch complies wlth the requirements of Ihe Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice (Charities SORP effective January 20151, the organisalion has implemented ils recommendations where relevanl in Ih8se financial statements, PrincSpal Activity The organisatlon's primary obleclivo has been the provision of theoretlcal and practical oducalional and Irainlng courses In accordance with the government's ACE TRaining Scheme. In accordance wlth this scheme. Individuals who had been long term unemployed could sign up lo a training scheme programme d81ivered by qualified inslruelors with a view to enhancing th8ir skill sel for Ihe PLfrpose of obtaining galnful employment. In addition, over the years, the charity has been involved in a number of projects ¢oncernod with the regeneralion of former derellcl buildings and sites wllhln the greater Newry area which have resulted in the immediale surrounding areas falling into considerable dlsrepair. Flnan¢lal Results At the end of the financial year the company has assets of £58,559 {2024 - £69,349) and liabililies of £4,16012024 £4,160). The nel assets of the company have decreased by £(10,790). Directors The directors who served throughout the financial year, except as noted. were as follows.. Mlchael Savage Brendan Jackson Kalharine Magill Clara Blaney Frank Feeley In accordance with the Articles of Association, the directors retire by rotation and, being eligible, offer themselves for re-election. Compllance with Sector-wide Leglslatlon and Standards The company engages pro-actively with legisl8tlon, standard8 and codes which are developed for the sector. Clanrye Abbey Developments subscribes lo and is compliant with the following.. The Companies Act 2006 The Charities SORP (FRS 102) Approved by the Board of Dlrectors on 16 December 2025 and signed on Its behalf by: Brendan Jackson Trustee Kath Ine Maglll Trustee
Clanrye Abbey Developments {A company limlted by guarantee, not havlng J share eapltall STATEMENT OF DIRECTORS. RESPONSIBILITIES for the fSnancSal year ended 31 March 2025 The direclors are responsible for preparing the financial stalem8nls In accordance with applicable law and regulations. Company law requires the dlrectors lo prepare financial slalements for each financlal year. Under that law the directors have elected lo prepare the financial stalem8nls in accordance with Unlted Kingdom Generally Accepted Accounting Practice {Uniled Kingdom Accounting Standards and appllcable law} including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entiliesl. Under company law the directors must not approv8 the financial slalements unless Ihey aro satisfied that they give a true and fair view of the slate of affairs ol the company and of Ilie surplus or deficit of Ihe Company for that period. In preparing these financial statements, the dlre¢tors are roqulr6d to: select suitable accounting policies and apply them consislently- make judgements and estimates that are reasonable and prudent; slate wh8lher the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from thos8 standards., and prepare the financial slat8menls on the golng concern basls unless il is inappropriate lo presume that the company will continue In operation. The directors confirm (hat they have complled with the above requirements in preparing the financlal slalements. Thè directors are responsible for keeplng adequate accounllng records that are sufflcI8nt to show and oxplain the company's Iransaclions and disclose wilh reasonable accuracy al any time the financlal positlon of Ihe company and enable them lo ensure that the flnanclal statements comply with the Companies Act 2006. They are also responsible for safeguardlng tha assets of the company and hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregularities. Approved by the Board of Dlrectors on 16 December 2025 and slgned on Its behalf by: Brendan Jackson Trustee KatKorl Trustee
Clanrye Abbey Developments IA ¢ompany Ilmlted by guarantee, r¢ot havlng a shar¢ capilall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF CLANRYE ABBEY DEVELOPMENTS We have 8xamlned lh8 financlal statements of Ihe company for the financlal year ended 31 March 2025, which cornprise the Statement of Financial Activlties (incorporatlng an Income and Expendilure Account), the Balance Sheet and the related no18S. Thls report is made solely to th8 company's members, as a body, In accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our work has been undertaken so thal we might compile the financial statements that we hav& been engaged lo compile, report lo the Board of DireGtors that we have done so, and slate those matters thal we have agreed to state lo them In this report and for no other purpose. To Ihe fullest exlenl permitted by law, we do not accept or assume responslbillty lo anyone other Ihan the company and the company's members, as a body, for our work, or for this report. Respectlve responslbllltles of dlre¢tors and èxamlner The company's Iruste8s (who are also the directors of the company for the purpos8s of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The company's directors consider Ihal an audit is not required for Ihis financial year under Chapter 3 of Part 16 of tha Companies Acl 2006 and that an independent examination is required. It is our responsibility lo: examine the financial stalemenls under section 65 of the Charities Acl., follow the procedures laid down by the general Directions given by the Chaiity Commission for Northern Ireland under section 65191(b) of the Charilies Act. and state whether particular matters have come to our attention. Basls of Independent examlnor's report We have examined your company financial statements as required under section 65 of the Charltles Act and our examlnalion was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under seclion 6519)Ibl of the Charities Act. An examination includes a review of the accounting records kept by the company and a Comparlsor) of the financlal statements presented with those records. 11 also includes consideration of any unusual items or disclosures in the financial slalements and seeking explanations from the directors concerning any such mallers, Tho procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'lruo and fair, vi8W and the report Is limited to those mallers set out in the statement below. In connecllon with our examlnalion, no matter has come to our attenlion which gives us cause to believe that In, any material respect: accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial slalements do not accord with Ihose accounting records the financial statements have not been prepared in accordance with th8 aceounling requirements of section 396 of the Companies Acl 2006 and with the methods and prinoiples of the Stalemenl of Recommended Practice applicable to charities preparing their accounts In accordance wllh the Financial Reporting Standard applicable in Ihe UK and Republic of Ire18nd {FRS1021 (here is further information needed for a proper understanding of the accounls lo be reached. Indèpendent examinèr's statement Wo have no concerns and have come across no other matters In connection wllh the examination lo which attention should be drawn in this report Sn order to enable a proper understanding of the financial slatements lo be reached. DALY PARK & COMPANY LTD Chartered Accountants 6 Trevor Hill Newry Co. Down BT34 1 DN Northern Ireland Date: 16 Decembar 2025
Clanrye Abbey Developments IA company Ilmlted by guarantee, not havlng a shar8 capltall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporallng an In¢omo and Exp6ndltur¢ Accountl for the financSal year ended 31 M8rch 2025 Unrestrlcted Funds 2025 Total Unrestricted Funds Funds 2025 2024 Total Funds 2024 Notes Resources Expended Charitable acllvilies other expendllur8 790 10,000 790 10,000 1,236 10,000 1,236 10,000 Total RBsour¢es Expended 10,790 10,790 11,236 11,236 Net Incomlngloutgoing resources before transfors 110,7901 110.790} 111,236} (11,236) Gross transfers balween funds Net Movement In funds for the flnancial year 110,7901 110,790} (11,236) (11,236) Roconclllation of funds: Total funds beginnlng of the year 65,189 65,189 76,425 76,425 Total funds at the end of the year 54,399 54,399 6S,189 65,189 The Statement of Financial Aclivitles includes all gains and losses recognlsed In the financlal year. All income and expenditure relate lo continuing a¢livilies. The nolas on pagas 9 10 11 form part ol Ihe financlal slalemenls
Clanrye Abbey Developments A company Ilmlted by guarantee, not havlng a $hare capltal) Company Number: N1019442 BALANCE SHEET as at 31 March 2025 2025 2024 Notes Current Assets Cash at bank and in hand 58,559 69,349 Creditors: Amounts falllng due wlthin one year {4,160) (4,1601 Net Current Assets 54,399 65,189 Total Assetsloss Current Liabilitles 54,399 65,189 Funds Deslgnated funds (Unr8StrlGled) 54,399 65,189 Total funds 54,399 65,189 These financial statements have been prepared in accordance with the special provisions relating lo small companies within Part 15 of the Companies Act 2006. For the financial year ended 31 March 2025 the company was enlilled to exemption from audlt under section 477 of the Companies Act 2006,. and no notice has been deposited under section 476. The dlreclors confirm that the members have not required the company lo obtain an audit of ils financial slatements for the financial year in question In accordance with section 476 of the Companies AGI 2006. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financlal statements which give a true and fair view of lh8 slafe of affairs of Ihe company as al the end of the financlal year and of ils profit and loss for the financial year In accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial slalem8nts, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions appll¢able lo companies subject to the small companies, regime and In accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland applying Section 1 A of that Standard. Approvod by the Board of Directors and authorised for issue on 16 Decèmber 2025 and signed on it$ behalf by Brendan Jackson Trustee Kalha Ine Trustee agill Thè notes on pages 9 10 11 form part ol the financial slalem8nls
Clanrye Abbey Developments (A company Ilmited by guarantae, not havlng a Sharè caplto1} NOTES TO THE FINANCIAL STATEMENTS lor the financlal y$ar ended 31 March 2025 GENERAL INFORMATION Clanrye Abbey Developments is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is 6 Trevor Hill, Newry, Co. Down, BT34 1DN, Northern Ireland which is also the principal place of business of the company The financial slatemenls have been presented in Pound (£1 whSch is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policles have been applled consistently in dealing with Items whlch are considered material in relalion lo the chaiity's financial slalemenls. Basls of preparatlon The financlal slalemenls have been prepared on the golng concern basls under the historical cost conventlon, modified lo include cetlain items at falr value. The financial statements have been prepared in accordance with the Slalemenl of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland FRS 102" applying Seclion 1A of that Standard. As permilled by Ihe Companies Act 2006, the company has varied the standard formals in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formals are lo ¢ornply with the requirements of the Charitles SORP and are in compliance wlth section 4.7, 10.6 and 15.2 of that SORP. statement of compllance The financial slalements of the company for the financial year ended 31 Docembor 2017 have be8n prepared on the golng concern basis and in accordance wlth the Slalemenl of Recommended Practlce ISORP) "Accounting and Reporting by Charltles preparing their accounts in accordance with the Financial Reportlng standard applicable In the UK and Republic of Ireland FRS 102" applying Section 1 A of thal Standard. Incoming Resources Voluntary income or capital is included in the Slalement of Financial Activities when (he company Is legally entllled to it, ils financial value can be quanllfied wilh reasonable certalnty and there is reasonable certainly of ils ultimate receipt. Entillemenl lo legacies Is considered established when the company has been notlfied of a dlstribution to be made by the executors. Income received in advance of due porformance under a contract is accounted for as deferred income until earned. Granls for activities are reeognlsed as income when the related conditions for legal entillemenl have been met. All other Income is accounted for on an accruals basls. ResouTces Expendod All resources expended are accounted for on an accruals basis. Charitable acllvllies Snclude costs of seNlces and grants, support costs and depreciation on related assets. Costs of generating fLtnds similarly include fundraislng aclivilies. Non-staff costs nol allribuled to one category of aclivlly afe allocated or apportioned pro-rata lo the staffing of the relevant service. Finance, HR, IT and adrnlnlstralive slaff costs are directly altribulable lo indivldual aclivilies by objective, Governance costs are those associated wSth constilullonal and stalulory requirements. Cash at bank and In hand Cash al bank and in hand comprises cash on deposlt at banks requiring less Ihan three monlhs notice of withdrawal. Taxatlon No current or deferred taxation arises as the company has been granted charilable exemption. Irrecoverable valued added lax is expensed as incurred. No provlslon for laxallon Is necessary a5 Clanrye Abbey Developments Is exempl from laxalion by virtue of Ils charitable aclivilies. EXPENDITURE
continued Clanrye Abbey Developments IA company Ilmlted by guaranteè, not havlny a share caplt#ll NOTES TO THE FINANCIAL STATEMENTS for the financlal year ended 31 March 2025 CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2025 2024 Administration Expenses Governance Costs (Note 3.3) 100 130 200 360 300 490 669 567 230 560 790 1,236 OTHER EXPENDITURE Dlrect Costs Other Costs Support Costs 2025 2024 Other expenditur8 10,000 10,000 10,000 GOVERNANCE COSTS Direct Costs Other Costs Support Costs 2025 2024 Charltable activities - governance costs 130 360 490 567 SUPPORT COSTS Charltable Governance Actlvitles Costs 2025 2024 Accountancy Insurance 360 360 200 435 202 200 200 360 560 637 ANALYSIS OF SUPPORT COSTS 2025 2024 Accountancy Insurance 360 200 435 202 560 637 CREDITORS Amounts falling due wlthin one year 2025 2024 Accruals and deferred income 4,160 4,160 RESERVES 2025 2024 At the beginnlng of the year Deficit for the financial year 65,189 {10,790) 76,425 {11,236) Al the end of the year 54,399 65,189 10
continued Clanrye Abbey Developments IA company Ilmlled by guaranleo, not havlng a shar¢ ¢#pltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Total Funds At 1 April 2023 Movement durlng the financial year 76.425 (11,236) 76,425 {11,236) Al 31 March 2024 Movement during the flnancial year 65,189 110.790} 65,189 (10,790) Al 31 March 2025 54,399 54,399 ANALYSIS OF MOVEMENTS ON FUNDS Balance Expendlture 1 Aprll 2024 Transfers between funds Balance 31 March 2025 Unrestrlcted funds Unreslrleled 65,189 10,790 54,399 Total funds 65,189 10.790 54,399 ANALYSIS OF NET ASSETS BY FUND Current assets Current Ilabllltles Total Unreslrlcled designated funds 58,559 {4,160} 54,399 58,559 (4,1601 54,399 STATUS The cornpany Is Ilffllled by guarantee not having a share capital. The liability of the members is limited. Every member ol the company undertakes lo contribute lo the assets of the company in the evenl of its being wound up while they are members, or wilhln one year thereafter, for the payment of the debts and liabllities of Ihe company conlr8Cted before they ceased to be members, and Ihe costs, charges and expenses of winding up, and for the adjuslmenl of the rights of the conlrlbulors among themselves, such amount as may be required, not exceeding £ 1. POST-BALANCE SHEET EVENTS There have b8en no slgnificant events affecting the Charity slnce the financial year-end. 11