Cumann Dhoire Unaudited financial statements for the year ended 30 September 2017 Chfirltv No. 104589 Dhoire L'M4udiledfinunci41 stittements orilie YureMdedSOSeiMember2017 Content5 Page Trust¢¢s and advi5(KS Trusttts annu81 report Indcpcndent examiner's report to the tnjste Sttttemelli of Finan¥ial A¥'tiviti¢s StatiTni*t of FiDxDcial Positi( Noteq to the unaudited financial staicmeots 7- 11 ASM CAir.-n.- D.Icire L'nfjHdiled ncI&l￿OI￿rnentsfor ilie}Y4reDd¢dSOSeffl¢mber21117 Page I Trustees and advisor5 Trustees Indq>endent Ex#miners BLrnic Mullaii John Kcbnan Eamon Kerliii Paul Lupari ASM IM) Ltd Charttted Ac¢4)untsots Th¢ Diamond C¢ntre Mat*et Street MaghLrafLIt Re%lstered Offlc¢ Bankers 78 Northland Road DeTry BT411 OAL Bank of Ireland Limited I l Marf(et Street Magherdfelt ASM Cunsann Dhoire L(H￿id11e￿fi￿UReIU1.EIale￿entf￿0rIhe JY4r eiidedSlPSe ember2017 PaRe 2 Trustees Annual Report The Trustees present their TCPOrt and the unaudited fina￿1￿1 statements of the Lhmrity for the year Liid¥d 30 Sq)triiib¢4' 2011. Structllre, governance 8nd management Club Dcrry is a charilablc unIn￿OTpoEated assiKiatlu￿ govcrncd by its owi ConstitUtiOJL Objectives and actlvltle8 Club Derry helps lo promote the developm¢ni and iovolvanent of pcople. particularly young peoplc in dll Gaclic 5POrt5 in Counry Derry. Therc is not only d public health benefii for Ihose who are enabled to participate but there is also the benefit to th05'e who are able to take enjoyment from speciating at tiaelic sports events withiii the county and seeing teaTnS from the ¢ouiity partiLIPdting in sports events fvrther afield. Club Dtrry also s¢eks to preserve the cultural hcritag¢, l(Kal history and traditions of County Derry. Achievements and performanee Financial Y￿r 2016117 one of cowlidatioll f￿ Club Derry having made substantial ¢ontribuiioDs to DLYry GAA Development squads in Ihc pr¢vii)us year. A new administration had been elected at the Derry County Convention in Decen]ber 2015 aiid we worked ¢105¢1y with Ihe new team to undersiand ihe direction to b¢ tak'cn and to ensure that that direction was ionsisl¢nT with the ainLS of the Lharity. Expenditure Wds. as alwa)3. very lightly controlled during the year and some small donaiioiis were illiide ¢ons1slcnt with our policy on youth development in the sports and culmre of th¢ (saelk¢ Athletic Ass￿latIon in Derry. While th¢r¢ was limii¢d in membcrshlp, our well-deserved core m¢mbLYs and doiiors oi)linued to support thL' charity. This supporL coupled wilh prudent financial nuijaglein￿1t leav&s the charity in a Strong financial position at the yrdr end. As we look forward to the New Ythr and beyoiid we need to consider how best we support the dcvclopmcnt of our games and Lulture and work with th¢ new County Board to achiLve rrwximum impact. ASM CiiM4r..# Dkoire (iiiauditedfinonci&lst4lementsforihe J¥or￿ideaS0se￿Crnber2OJ7 Page 3 Trustees Annual Report FlnAncial Reviem. Diiring "Ihe Jear th¢ charity raised funds froin imembetship of £42,273 and from other ¢I￿rI￿ble a¥tivitits of £69.550 gkving a total income of £1 11,823. Thc Expcnditurc during thc ycar on charitablc acfivitiL% 1535 £1?1.615. At the start of the year therc Wds £165,766 of wyestricted funds, the movement durin(F tlie y¢ar of funds was £9,791 lea1￿￿ an unrcstricted fund balarKc at 30 Septeinber ?01 ? of £155,975. The [rulle￿. annual rqK)rf Wds approved on 18.Ociobq..2018 and signcd on b¢half of tli¢ board of trus'tees by." Paul Lupari 'rru$tee Bernie l¥lullan Trystee ASM CumoHr Dkoir¢ LM4udiied nancifjlstolementsfor theJYfjreNded305eMember2017 P&8e 4 Independent Exanjiner's report to the Trustees of Cumann Dhoire We report to the trustees on our examination of the finanlial statements of Cumanii Dhoire for die year erded 30 S¢prembtT 2017. Responslbilltleg and b￿18 of report The t￿st¢￿ of the Lharity are r&spoDsibl¢ for th¢ preparation of ihe financial stat￿￿entS in Pdccordanic with thc rcquirLmcnls of the chariti￿ Act ￿orthcr17 Ircland) 2008. You arL satisficd that our charity is not reqliired by chariry law to be audited and have chosen inslvdd to have an independenr examinaiion. rc report in respect of our examinalion of the charity'5 financial slaiemcJ]Is as carried out under Seciion 65 of the 2008 Act. In ¢arying out our exainination we have followed the general dircctions by th¢ Charity Commissioi) for Nor(hcrn Ireland ulldLT Section 6519) Ib) of the ?008 Act. IndepeDden¢ examlner'g statement We hai'c completcd our ¢kaTnÉnatioii and we confjrni thal no mattLYs liav¢ conie to our attention in Lonnection with our ¢xamiTration giving us cause lo b¢liev¢ tlial in aiiy nwlcrial aspect. l. A¢couniing records were not kept as required by with SeLYion 63 of the 2008 Act. or 2. The financial statements do not accord with rhose records. or J. The financial statements do not conwly with the accounting requirements of the 2008 Act; or 4. The filla￿la1 statements do not comply with the applicable requir￿Tr¢nts concerning the forni and contcnts of accounts set out iii the Charities IAc¢ounts ￿)d Rcport5) Regulatioii 2008 other than any requiremeni thai the accounts give a 'true 8nd fair. view which is iiot mattff ¢￿isId(¥¢d as part of an independent exumination. We confmn tbat there are no other matters to which your altenlion should be dravm to ¢nable a proper understanding of the accounts io be reach (.) UFd , ASM (M) Ltd Chartered Aecoulltants The Dillmond Centre MArket Street Magherafelt 18 Oetober 21118 ASM Dhoire onaudiledfinanci171.5t￿effie￿ts ortlie Jyar ellded30SeNember2017 Page 5 Statement of Financial ActiTrities and Comprehensive Income 2017 Unrestricted fund$ Tot31 Total Ineoming resources Income from chaiitsble activities Total Ineomtng resources 111.8Z3 111,823 111123 J i 1.¥23 117.254 117.254 Resources expended Expenditure on thoritable &ctivities Tot&1 resourtes expended 121.615 121.OES 121.61S 121,615 10.879 10.879 Net mnl'ement IA fwids OiheT comprehLxi8ive inLome for th¢ year Totgl comprehenslve Ineome for the ye#r {9.792) (9.792) 106.-375 {9.792) (9.792) 106,-17.5 Reconclllhtlon of moi'ime#t In funds At I Ix'tober 2017 Nl￿ mnvLmLnt in fi￿￿$ for the At.10 Septtmber 2017 16S.766 {9.792) 15S,974 165.766 19.792) 155.974 106,375 165,756 All &mounis abovc rclate to contiiiuing OPCTations of thc Cbarity. There iy iio differei)ce hetiveen the net movement in funds for the period stated above and their historical Cost equii'alents. The notes on Pages 7 10 1 I for￿1 part of these unaudiitd fiEwicial statements. ASM Dhoire or ilie JYorendedSllSe ember2017 Page 6 Statement of fi inanciAI Position Notes 2017 Current assets Cash at ba￿k hand 156.474 15fi474 165,656 65,(1S{) Current tiabilities cr￿￿or$.. ami)uttt5 falling due within one year 500 Net cwreDt assets 155.974 165.656 Tntsl awts less eurrent li#bilities 155,974 165,656 Net a8sets 155,974 165,fi5 Represent¢d by: Ac¥umulattd fjJJids Surplu￿1deficltI for the Jvr 16S766 {9,792) 155.974 59.281 106,175 165.656 Tile financial slaieimenis oft p&gcs 7 to I I were approved and autliorised for issue by the Cl)ai'iry on 18 O¢tober 2018 and wer¢ signed on ils behalf by. PAUI Lup4ri Trustee Bernie Mullan Tr￿teè 18 Ortober 2018 18 October 2018 The pÈge$ 7 to I I fomi part ofthe5e WLaudiied fjnancial ￿atern￿ls. ASM Dhoire L'NaiithiedJinuHC141statements rurended30Sepember21117 PoRe 7 'otes to the unaudited financial statements General Inforniation ThL charity in a rtoistered chartry ia NIoriFILYn IrLlarid and is unincorporatcd. The addrebs of the principal ofTice is 78 Northland Road. Derry, BT48 OAL. Accounting Pollcies The folloivingT aLcounting polici¢s have bcen applicd consistently in dealing with itcms whicb are considu'a iiwtuial in r4lation to the Fin￿claI i18l¢n]entY•. Bosig ofpreparatsopi The financial statements of Cumann Dhoire wqe approved for issue by the BoaTd of Dir¢ctors oil 18 OL'tober 2018. The financial statemenis have b¢en prLP8red in accordunce with dppIIcdble accountin8 Standards. Goiii% concern The Mist￿5 have ki r(asonable exp￿ratIOn that the Comp8ny has adeqiiate resourLes to Lonlinue in opcritional existence for the fores¢vJble futur¢. Accordingly the), Lontinu¥ lo adopt thL going concern basis in preparing the financi81 statemenLS. rioieign curreiieies TransaLlions dcnominatcd in forcign currLncy are rranslalcd into 51LTling at the rarL Ot L￿ClI,.111g¢ ling al thL dale uf thc transaction. A5SCts and liabilities dcnoininat¢d in forcign LurrLryic.ies at thc Stsiemeiit of Financidl Posltion date are trdnslai¢d into st¢rling at the excliangc ral¥% ruling at that date. All exchange difference5 are 1gk¢n to ihe Revenue Accowit. Goveriimeiii dnd Centrdl Colliicilgrrtnls Graiits are recogniscd wh¢n thLTe is reasonablc assurniice that th¢ ￿alIt will bc r￿e1Ved and all attaching conditions haNL beell complied iviih. Grants towards capital ¢XPLndityrL arc trctitLd as d¢f¢rrLxl income which 15 then Lredited to rhe Revenue Account over the relat¢d assds use￿1 life. Other grants are crdited to the Revenue Accouni when received. TILYatioii aiid d¢f¢rred i￿4110￿ The ye&rly charge for taxation is based on tbe interest income r¢ceivcd aDd 8ny Si￿p]uS on supporter Shop or rcfr&%hment shop sales in the fi￿nCIal ycar. Fuiid aeeounting UnrLètricted fuiids are aN'ailabl¢ for use at the discretion of the trustees to further any of th- charities. purwses. DesigDatcd funds are unrestricted funds earmarked by the trustees for s pani¢ular ￿t￿re project or commitment. ASM Cumonn DhoirÉ L.'nuudiledfindnciai5t￿¢IH*￿tsf0r1￿¢ JYar¢Nded30 SeMember 21117 Pttge 8 Notes to the unaudited fjnanciydl statements Restrict¢d funds are subject to r¢strictions on (he exp•iditur¢ declared by the donor or thTOU Ju i tlic of an appeal. ￿kd fall Into one of sui>-classth.' iQ>tl'lit¢d in¥Oliie fviids oi. endowmcnt finds. Resourees ￿pended All kn¢oin¢ rcsources ar¢ in¢lud¢d in the Statement of Financial Activities when entitlement lias P28scd to th¥ Lh2rityr it is probable tIL4t the ￿onOmiC benefits assoL'iated ivirh the transaction ivill flow to Ihc charity and the amount can be reliably mea5ure(L The following specific policies arc applied to partiLular ¢at¢gori¢5 of I￿Ome.. Income from dO￿atiOnS or granls is rccognized Wh￿ there is evidence of entiilemeiit to the gift, rLxeipt is probable and its amouiit can be n￿asUr￿￿k reliably. Lcgacy income 15 recobmi5d when receipt 15 Probable and entitlthnent 15 established. Income from donated goods 1$ measured at th¢ fair value of the go(x15 unless this is iiiipraciical io ImLasure reliably, iii which ca$e the valu¢ is dLfiv¥d froni ihc cost to doll￿. or the t%iimatLd resale value. Donated faciliti%% and s¢rvic¢s arc rKognized iii tl)e accounts when received if th¢ valu¢ can b¢ reliably ine8sur¢d. No amounts are included for ihe Lontribulion of general volunteers. In¢ome from ¢onlracts for the supply of services is recognized with the delivery of the contr&eied s￿viCe. This is cl&ssified as unrestricted funds unle55 there is a contraLtual requirement for it to be spenl on a panicu]ar purpos¢ and returned if u￿spent, in which L'ase ir may be regardcd as restriLled. Resourees dypénded Expenditiire is r¢¢ognized on an aicruals basis 88 8 liability is incurre& expenditure incud¢% aiiy VAT which cannot be fvlly rtho1,¢re￿ aTrl is classified under headings of the staternait of financial activitits io whiLh it relates= Expenditure oil raising includes costs of all fuiidraising activities. events, non- chaLltable trading aLlivi(ies. a￿1 the sale of donated goods. ExpLmditurL on charitsbli a¢tivitio8 includa8 all costs incurred by a Chariry in uiidLTtaking aciivities that further its charitable ain￿ for the benefit of its beneficiaries, including those support ¢ostS 8nd Losls relaiing to the governancti of thL chariry ElPPOrtioiied to ¢harilabl¢ a¢liviti¢s. Other expeThditure includes all expendittire tbat is neither related to the raising for thc cljarity. nor part of its cxpcnditi3rc oll clwitablc BctiYitiL3. All costs are allocated to expendityre caiegories refjecting the use of the re80urcc. Dircct costs attributable to a single aclivity are allocated dir¢xtly to the activity. Shared costs are apportioned betwe￿1 activities they contnbute to on a reaSi￿able, Justifiable and Co￿1$[enCe basis. ASM nhoire [JK4iidiiedfiDuncial 5¥￿ementsfOr ihe)YUrended3QSe￿tn￿ber 2017 P¢Tge 9 Iyotes to the unaudited financial statements Fiiiniieial insirnments A financial asset or a f￿anCIal liability is recognised onlj ￿hell the charity bdomes a party lo the contracttial proyisions of the instrnment. Basic financial instrumcnts arc initiall} rccognisol af thc amount r￿CINabl¢ or poI8blc is]eludin and relaied transaction costs. Currcni asserts and current liabilities are subsequently rneasured at the cash or other consideraiion cxpccted tu be paid or r￿e1ved and not discountcd. Debt in5trurnents are subsequeTrtly measured at arnortised cost. Financial assets thai are measured at wst or amortised cost are Tcviewed for the objective evidence of impairnieni at the end of ¢ach reporting date. If th￿C is obj¥ctiv¢ evid¥nce of in]pairm¢nt, an impairment loss is recognised UTxlcr ihe appropriate hcadii)g in thc stakrn¢nt of financial activities in whtLh the initial gaÉD vras recognised. Any r￿¢￿5&1 of impairment are recognised immediately. to the extent that the reversal do￿ not result in a carrying amounl of the financial assct that LxLceds what the carrying ainount would havc been had the impairm¢nl not previously been recognised. Income 2017 2016 Membership Fees Fiindrnisin¥ Sponsorship Cjift aid 57.572 62.681 1.500 5..109 111.823 117.254 Net operating expenses 2017 ?016 Donatioijs Fundraising Support costs 115.237 5,878 500 121,615 2,152 8,727 la,879 ASM CumaHn DkoTre LIM4Mdilerffintsnaul s￿e￿Ients or the)Yur ended30Semember Z017 Poge 10 Notes to the unaudited financial statements Independent examinatlon fee 2017 2016 F¢es pU￿bI¢ to th¢ inEkp¢iid¢nt ¢xamin¢x for= Ind¥p¢nJ¢llt ¢X8minathoti of thc finanLial ststemajts 500 5110 EDiployee Informatioll 2017 2016 NumEcT By act5vlty Administrati¢)ll 2017 2017 Stjff ¢o*t$ {for the Ibove persons) Wages and salaries Employcrs, wial 5ec41riry c(6ts No i-emuiieration or other benefits froni employment wilh the charity or a related ejitity were r¢L¢ivcd by the trust¢¢s. No trustee5' expenses have been incurred. 6. Creditors: amounts falling due Ivithin one year 2017 ?016 Accrn81$ Accumulated funds 2017 2016 At l O¢toiEr 2016 SurpluQldcfiLitI for the vtrar At 30 September 2017 165.766 19.7921 155.974 59,281 106,-375 165,656 ASM C'iimunn Dhoire LNolidi¥edfin¢neiulll￿eTh¢nts orilie Jyur ended 30SeMember 2017 Page 11 Notes to the unaudited fina]Aeial statements 8. Capital commitments The Company had Llo capital commitmcnts ai 30 septemb￿ 2017 or at 30 September 2016. Contlngent liabilitie5 Thc Coinpany had no contingent liabilities ai 30 Septeinber ?017 or at 30 Scplcmb¢r 2016. ASM