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2024-03-31-accounts

Charity registration number NIC 104165

Company registration number NI057064 (Northern Ireland)

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr J Copeland Mr R S A Gardiner Mr D J Watson Mr W L Burnett

Secretary

Mr L S Singleton

Charity number NIC 104165 Company number NI057064 Registered office 27a Main Street Markethill Co Armagh BT60 1PH

Independent examiner

GMcG PORTADOWN 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3 - 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 16

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity’s CACD project works with local voluntary and community sector groups within Armagh and surrounding areas providing capacity building support, training and advice to the local voluntary sector. CACD also works with the local voluntary sector to develop community facilities for the benefit of the local population. It promotes community participation, best practice sharing, partnership working between the voluntary sector and statutory bodies, and good cross border community relations.

The charity also runs Sloan's House, Loughgall, County Armagh, a building of special historical interest, as an interpretive centre and museum, which is open to the public.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake.

Achievements and performance

During the year, the charity continued to run CACD and Sloan's House. It hosted a visit from the Secretary of State for Northern Ireland as well as numerous group visits throughout the year. This included summer schools, cross community groups and visitors from Denmark and Canada.

A Coronation Tea was held in May and a barbeque in August.

The charity ran training sessions for community groups, four historical lectures and two exhibitions during the year.

Financial review

The charity's net outgoing restricted funds for the year are £54,002 (2023 - outgoing £17,972) which will be deducted from funds brought forward.

The charity's net outgoing unrestricted funds for the year are £2,603 (2023 - outgoing £4,131) which will be deducted from funds brought forward.

At the Statement of Financial Position date, the charity held restricted funds of £926,318 and unrestricted funds of £81,805.

It is the policy of the charitable company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charitable company’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charitable company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee, governed by its Memorandum and Articles of Association dated 1 November 2005. The charity is registered with the Charity Commission for Northern Ireland.

COUNfi ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were.. Mr J Copeland Mr R S A Gardiner Mr D J Watson Mr W L Burnett None of the trustees has any beneficial interest in the company All of the trustees are members of the company and guarantee to contribLrte £1 in the event of a winding up. The day to day running of the charitable ￿rnpanY has been designated to Mr LS Singleton, secretary. In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415a of the Companies Act 2006. Registered Office.. 27a Main Street Markethill CoArmagh BT60 1PH Charity Registration No. NIC104165 Company Registration No. N1057064 The trustees, r rt was approved by the Board of Trustees. Mr L S Slngleton Secretary Date.. ,&JTy-

CH.4R TF.RF.I) ACCOUNTANTS COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMirrEE LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMIThEE LIMITED I report to the trustees on my examination of the financial ststements of County Atmagh Grand Orange Lodge Community Development Committee Limited (the charitable company) for the year ended 31 March 2024. Responsibilities of trustees and examiner As the trustees of the charitable company (and also its trustees for the purposes of charity law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). It is my responsibilty to- examine the financial statements under section 65 of the Charities Act: follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Act.. and state whether particular matters have come to my attention. Basis of independent examiners. report I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charitable company as required by section 386 d the 2006 Act., or the financial statements do not accord with those records" or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination: or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounb'ng and reporting by charities applicable to charities preparing their accounts in acwrdance with the Financial Reporting Standard applicable in the UK arKJ Republic of Ireland (FRS 102). 17 Mandeville Street PORTADOWN cr￿saV0n BT62 3PB Alfred House 19.41fred Street BELFAsf BT2 8EQ DX3910 AYR Belfast 50 CentuTh House 40 Crescent Business Park IISBDRN r28 2GN Tel: +44 {0)28 3833 2801 Fax:+44 {0)28 3835 0293 Tel.- +44 (0)28 9031 1113 Fax.. +44 {0)28 9031 07n Tel: +44 {0)28 9260 7355 F&*: +44 {0128 9260 16-6

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMirrEE LIMITED Independent examlnerfs ststement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Gillian Johnston ACA GMCG PORTADOV¥N 17 Mandeville Street Portadown Craigavon CoAm)agh BT62 3PB

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
9,837
-
Charitable activities
4
-
145,623
Other trading activities
5
9,211
-
Other income
6
-
-
Total income
19,048
145,623
Expenditure on:
Raising funds
7
4,457
-
Charitable activities
8
17,194
199,625
Total expenditure
21,651
199,625
Net expenditure and
movement in funds
(2,603)
(54,002)
Reconciliation of funds:
Fund balances at 1 April 2023
84,408
980,320
Fund balances at 31 March
2024
81,805
926,318		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
9,837
10,240
250
145,623
-
167,270
9,211
7,320
-
-
654
225
164,671
18,214
167,745
4,457
3,689
-
216,819
18,656
185,717
221,276
22,345
185,717
(56,605)
(4,131)
(17,972)
1,064,728
88,539
998,292
1,008,123
84,408
980,320		 Total
2023
£
10,490
167,270
7,320
879
185,959
3,689
204,373
208,062
(22,103)
1,086,831
1,064,728

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 14 968,963 1,015,567 Current assets Slocks Debtors Cash at bank and in hand 15 16 1,800 648 65,556 2,400 1,393 74,212 68,004 78.005 Creditors: amounts falling due within one year 17 (28,844) (28,844) Net current assets 39,160 49,161 Total assets less current liabilities 1,008,123 1,064,728 Net assets excluding pension liability 1,008,123 1,064,728 The funds of the charitable company Restricted income funds Unrestricted funds 19 926,318 81,805 980,320 84,408 1.008,123 1,064,728 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The trustees acknowledge their responsibilities for enduring that the charitable company keeps accounting records which comply wth section 386 of the Act and for prepanng financial statements which give a true and fair view of Ihe state of affairs of the charitable company as at the end of the financial year and of its incomng resources and application of resources. including its income and expenditure. for the financial year in accordance with the requirements of seclions 394 and 395 and which otherwise comply wth the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 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. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on ... !.$.I.ILI204- Mr R SA Gardiner Trustee Company registration number N1057064 {Northem Ireland)

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

County Armagh Grand Orange Lodge Community Development Committee Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 27a Main Street, Markethill, Co Armagh, BT60 1PH.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity’s governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historic cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company.

1.4 Income

Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies (Continued)

1.5 Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings straight line over 30 years Equipment straight line over 20 years / 10 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies (Continued)

1.10 Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

2 Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities are as follows.

Fixed Assets

The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The trustees regularly review these asset lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation and amortisation charges for the period. Detail of the useful lives is included in the accounting policies.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts 9,837 - 9,837 10,240 250 10,490

4 Income from charitable activities

Restricted Restricted
funds funds
2024 2023
£ £
CACD
Grants received 145,623 167,270

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

4 Income from charitable activities (Continued)

Grants received analysis

CACD CACD
2024 2023
£ £
Department for Communities 60,764 70,158
International Fund for Ireland 55,018 57,378
Armagh, Banbridge & Craigavon Borough Council 9,433 8,947
SECAD Partnership 6,047 7,432
Co-Operation Ireland 7,350 3,350
Halifax Foundation 4,056 4,160
Public Health Agency 2,955 -
Awards for All - 5,113
Nationwide - 5,000
Other grants - 5,732
(145,623) (167,270)

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Museum admission fees and shop sales 4,628 2,841
Rent 4,583 4,479
9,211 7,320

6 Other income

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Other income - - - 654 225 879

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

7 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Trading costs
Shop costs 4,457 3,689

8 Expenditure on charitable activities

CACD
CAGOL
2024
2024
£
£
Direct costs
Staff costs
95,637
-
Education and
programme costs
34,838
-
Venue hire and catering
677
928
Insurance
1,283
3,107
PR and marketing
562
-
Travel expenses and
coach hire
2,024
-
135,021
4,035
Share of support and governance costs (see note 9)
Support
17,654
56,854
Governance
1,980
1,275
154,655
62,164
Analysis by fund
Unrestricted funds
1,340
15,854
Restricted funds
153,315
46,310
154,655
62,164		 Total
2024
£
95,637
34,838
1,605
4,390
562
2,024
139,056
74,508
3,255
216,819
17,194
199,625
216,819		 CACD
2023
£
91,366
23,762
25
1,443
1,544
1,753
119,893
17,041
1,980
138,914
57
138,857
138,914		 CAGOL
2023
£
-
-
994
3,202
-
-
4,196
59,763
1,500
65,459
18,599
46,860
65,459		 Total
2023
£
91,366
23,762
1,019
4,645
1,544
1,753
124,089
76,804
3,480
204,373
18,656
185,717
204,373

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

9 Support costs allocated to activities

CACD
CAGOL
2024
2024
£
£
Depreciation
981
46,610
Rent
9,380
-
Light and heat
1,804
7,341
Stationery and advertising
2,749
264
Telephone and postage
1,826
755
Repairs and maintenance
180
1,549
Finance costs
110
57
Sundry expenses
623
278
Governance
1,980
1,275
19,633
58,129
Governance costs comprise:
Accountancy
10
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets		 Total
2024
£
47,591
9,380
9,145
3,013
2,581
1,729
167
901
3,255
77,762
2024
£
3,255
3,255
2024
£
47,591		 Total
2023
£
47,493
9,380
11,982
2,725
2,379
1,973
165
708
3,480
80,285
2023
£
3,480
3,480
2023
£
47,493

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.

12 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
5 5

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

12 Employees (Continued)

Employment costs
Wages and salaries
Other pension costs		 2024
£
91,746
3,891
95,637		 2023
£
86,825
4,541
91,366

There were no employees whose annual remuneration was more than £60,000.

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Tangible fixed assets

14
Tangible fixed assets
Freehold land
and buildings
£
Cost
At 1 April 2023
1,359,948
Additions
-
At 31 March 2024
1,359,948
Depreciation and impairment
At 1 April 2023
351,319
Depreciation charged in the year
45,332
At 31 March 2024
396,651
Carrying amount
At 31 March 2024
963,297
At 31 March 2023
1,008,627
15
Stocks
Finished goods and goods for resale		 Equipment
£
55,243
985
56,228
48,303
2,259
50,562
5,666
6,940
2024
£
1,800		 Total
£
1,415,191
985
1,416,176
399,622
47,591
447,213
968,963
1,015,567
2023
£
2,400

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

16
Debtors
Amounts falling due within one year:
Other debtors
17
Creditors: amounts falling due within one year
Trade creditors
Accruals and deferred income
18
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
648
2024
£
25,844
3,000
28,844
2024
£
3,891		 2023
£
1,393
2023
£
25,844
3,000
28,844
2023
£
4,541

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
980,320 145,623 (199,625) 926,318
Previous year: At 1 April Incoming Resources At 31 March
2022 resources expended 2023
£ £ £ £
998,292 167,745 (185,717) 980,320

COUNTY ARMAGH GRAND ORANGE LODGE COMMUNITY DEVELOPMENT COMMITTEE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

General funds
Previous year:
General funds
Analysis of net assets between funds
At 31 March 2024:
Tangible assets
Current assets/(liabilities)
At 31 March 2023:
Tangible assets
Current assets/(liabilities)		 At 1 April
2023
Incoming
resources
Resources
expended
At 31 March
2024
£
£
£
£
84,408
19,048
(21,651)
81,805
At 1 April
2022
Incoming
resources
Resources
expended
At 31 March
2023
£
£
£
£
88,539
18,214
(22,345)
84,408
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
61,920
907,043
968,963
19,885
19,275
39,160
81,805
926,318
1,008,123
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
(Restated)
(Restated)
£
£
£
65,960
949,607
1,015,567
18,448
30,713
49,161
84,408
980,320
1,064,728

21 Analysis of net assets between funds

The analysis of net assets between funds in respect of 31 March 2023 has been restated to correct an erroneous allocation in the prior year.

22 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).