Company Numbor.. N1634147 Chartty Number.. 104786 Badoney Development Partnership IA company limlted by guaranteo. not havlng a share capltall Annual Report and Unaudited Flnancial Statements for the year ended 31 October 2018
Badoney Development Partnership IA company Ilmltgd by guarantO8. not havlng a share taphall CONTENTS Pago Directors, and Other Infomalion Directors, Annual Report Slalemenl of Directors. Responsibilities Accountants, Report Statement of Financial Aclwitie8 Balance Sheet Notes lo the Financial Statements 9-12 Supplementary Information relating to the Financial Ststements 14
Badoney Development Partnership IA company Ilmited by guarantO8, not havlng a share capltall DIRECTORS. AND OTHER INFORMATION Dlr•¢torn Fearghal Ward Deborah Anne Daly Christopher O'Kane Anita Mcconnell Teresa M¢Garvey charlty Number In Northom Ireland 104786 Company Nurnr N1634147 Registered Office and Prln¢lpal Addr•s8 71a Main Street, Gortin Omagh Co Tyronè BT78 8NH Northem Ireland Accountants Aba¢ Abbey House 12 Abbey Streat Omagh Co Tyrone BT78 1BZ Bankèrs Danske Bank DorTregall Square West B81fast BT1 SJS
Badoney Development Partnership IA company Ilmrted by 9uarantO8, not havlng a Share capltall DIRECTORS, ANNUAL REPORT for the year ended 31 October 2018 The direetot5 P18sent their Director5. Annu81 Report. u)mbining the Directors, Raport and Trustees, Repor(8nd th8 unaudrted finanaal statements foi th8 y8ar ended 31 October 2018. The financial ststements are prepared In accordance with the Companies Act 20C6, FRS 102 The Finanual Reporting Stsndard applicable in the UK and ReputlC of Ireland" and Accounts"ng and Reporting by Charities". Statement of ReMmeTrded Practi applicable to charities preparing their financial statements in a(xordance with th8 Financial Reporbng Standard applicabb in the UK and Republic of Ireland IFRS 1021. The Directors, Report contains the infomats.on requirod to be provided in the Directors, Annual Report under the Statement of Recommended Practi ISORPI guidelines. The direct015 of the c(Thpany are also chanty trustee5 for the putP05e of charity law and under th8 company's ¢onsty'tution are known as members of the board ol trustees. In this report the directors of Badoney Development Partnership present 8 sumrnary of its purpose, gtsvefflance, actiwtyas. athveMents and finances for the finanrial year 31 October 2018. The company 1$ a registered charity and hence the report and results are pr85ented in a fom which complies with the requirements of the Companies Act 2006 and. although not obliged to cornpty wth the Staternenl ol Recommended Piadice aPIcable in the UK and Republic of Ireland IFRS 1021 leffeebve 1 January 20151. the organisation has implemented its recommendat'ons Whe relevant in th8S8 financial statements. Flnaneial Review Th8 iesults for th8 finanrAal year are set out on page and addits.onal notes are provided showing incorne and expenditure In greater detail. Finan¢lal Results At the end of the year the company has assets of £29,731 12017 £31.8581 and liabilities ol £0.00 12017- £3,6061. The net assets of the Company have increased by £1.479. Dir8Ctor8 Th8 directots who served throughout the year. except as noted, were as follows." Fearghal Ward Deborah Anne Daly Christopher O'Kane Anrta Mcconnell Teresa McGarvey Compliance with S8Ctor-Wide L89i8lation and Standards The company engages pro-actively with legislation. standards and codes which are d8V8Iop8d for the sector. Badoney Development Partn8r5hip subscrib8S to and is compliant with the following." The Companies A 2006 The Charities SORP IFRS 1021 Approved by the Board of Dlr8Ctors on 17 June 2019 and Slgned on it8 behalf by: Deborah Anne Daly Trustee
Badoney Development Partnership IA company Ilmlted by guarantefy. not havlng a shar8 upwall STATEMENT OF DIRECTORS, RESPONSIBILITIES for the year 8nd8d 31 October 2018 The d1CtOrS are responsibk for preparing the finanrial ststements in accordance with applicable law and regulations. Cornpany law reqUIS the 1CtorS to piepar8 financial statements for each financial year. Under that law the directors have elected to ppare the financial statements in accordan with United Kingdorn Generally Accepted Accounting Practice (United Kingdorn Acuunting StaNlards and applirable lawl including FRS 102 "Th8 Finanaal Reporting Standard applicable in the UK and Republic of Ireland" Section 1A Ismall Entitiesl. Under company law the directors must not approve the financial ststements unless they are satisfied that trey give a true and fair vW of the state of affairs of the company and of the surplus or deficrt of the company for that period. In preparing these financial statements, the dirèctors 8r8 required to.. select 5Uitabla accounting policies and apply them consistenuy", observe the methods and principles in the Charities SORP make judgements and e5tirnates that are reasonable and prudènt", prepare the financial statements on the going conc8m basis unless it is inappropriat8 to presume that the company will continue in operation. The directors are responsible for keeping adequate accounting records that are sufficient to Show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and onable thern to ensure th8t the financial statements comply with the Charit185 A¢t 2011 and the Charrt165 Act (Northern Iland) 2008. They are also responsible for safeguarding the assets of the company and hen for taking reasonab steps lor the prevents.on and detection of fraud and other irregularities. Approved by the Board of Dirg¢tors on 17 June 2019 and sign8d on Its behalf by: Deborah Anne Daly Tru$tse
Badoney Development Partnershlp IA company lknltod by gu8rnnt•e. It havlng a ¥haro capltsl) ACCOUNTANTS. REPORT to the Board of Directors on the unaudlted flnanclal statements of Badoney Development Partnership for the year ended 31 October 2018 In accord8nc8 with our enoagement letter and in order lo assist you to fulfil your duti8S L¢nder Ihe Companies Act 2006. wg have prepared for your apprtsval th? fin8ncial ststements of the Company (or the year enilod 31 Octob&r 2018 whth comprise the Statement ol Finanri81 Activities lincotporating an Ine£Jme and ExpendllLfr8 AtUntI, thè Balonce Sheet and the related notès from the Companls accounting r8Th)rds and from Infonnation and explanath)ns you h8V& gNen to us. This report is made solely to Ihe Board of Directors of Badoney Development Partnership. as a body, in aceordance wth the tern)s of our éng8Q8rnont Our Wofk has b88n undertaken solely tts prèpare for your approval the financi81 statements of Badoney Development Partnershlp and State those matters that we h8V8 agreed ttr state to the Board of Directors ol B8doney Development Partnership. as a body. in this report in 8<xxrdan with the gvidance of Chartered Acetsunt8nt8 Ireland. To the fullest extent pernitt8d by law. we do not accgpt or assume reonSibilty to anyont other than Badoney D8vdopment Partnership ènd its Board ol Di¢1[5. as a 1Xy, for Lwr work or for thls roport. We have carried out thls ongagam8nt in acwrdance vAth gumlance wsugd by Chartered Aewntants Ireland ond h8V8 coMpld with the ethical guidanc8 laid down by Chartefyd Acwjntsnts Ireland relatsng to membèr urmlarta'n9 the ry)rnpAation of flnanctal statémants. It is ytyjr duty to ensur8 that Badoney Development P8rtnershlp has kept èd¢quate accounth)g records and to prepare statutory finartcial slalements that give a trnè and fatr vtew of the assets, b'abilities. financial positK•n aYKI surplus of Badoney Development Partnership. You conser that Badoney D¢veIopwnt Parlnefship 18 exempt fro th6 stabjtory audit requirernenl frjr Ihe year. We have not been instructed to cary out an audil OT a revl&w of the financlal statamonts of Badon•y Development P8rtngrship. For thls reason. we have not venfied the aceuracy or comp18tness of lh8 ac£ountirtg records or infomiation and explanalions you have given to us and we do no¢ therefore, express any opinion on the stslutory rinanual statements. /boc A8AC Abboy FtOU8e 12 Abbey Street Omagh Co Tyrone BT78 1BZ 17 June 2019
Badoney Development Partnership IA company Ilm6ted by guavanwè, noi having 8 sha Gaptt41 STATEMENT OF FINANCIAL ACTIVITIES Ilncoipotatlng an Income and Expendityre Accounti for the year ended 31 October 2018 Unrestrlcted R8strS¢t•d Funds Funds 2018 2018 Total Unrestricted Restricted Funds Funds 2017 2017 Total 2018 2017 Notes Incomo Donations and legacies Charitable activities - Grant5 frorn govemments and other cfrfundet5 Other income 12,638 12,638 8.240 756 756 29 15 15 Total Incom• 29 8.269 12.653 756 13,409 Expendltur• Charitable actiVitS Other expenditure 5,591 803 396 5,987 803 122 756 878 Totsl Expenditur• 6,394 396 6.790 122 756 878 Net incomellexpenditur81 Transfers be88 funds 16,3651 1A79 12.531 12,531 Net movement In funds for the year 16.3651 1,479 12.531 12.531 Re¢onclllatlon of fundg Balan$ brought forwatd at 1 November 2017 28.252 28,2S2 15,721 15.721 Balances carried forward at 31 October 2018 21,887 29,731 28.252 28.252 The Statement ol Finanaal Activth"es include5 811 gain5 and losse5 rewgnised in the yaar. All income and expenditure relate to corTrtinuing activi$. The notes on pages 9 to 12 form part of Ihe flnaficial slalèmen15
Badoney Development Partnership IA company Ilrnltod ty guaranto9. not havlng a sharo caplta Company Numbtr.. N1634147 BALANCE SHEET as at 31 October 2018 2018 2017 Notes Current Assets Cash and cash equivalents 29.731 31.858 Not Curr•nt As8•ts 29.731 31.858 Totsl A$$¢ts less Current LlabllltS0s 29.731 31.858 Grants r•e•lvabl• 13,6061 Net A8Sgts 29,731 28.252 Funds Restricted funds General fund lun$tricted) 21,B87 28,252 Total funds 29,731 28,252 These finanual statements have been pr6parad in accordanc8 With the special provisions relatsng to small companies vmthin Part 15 of the Compan$ Act 2006. For the financial year ended 31 October 2018 the cornpany wa5 enb.tled to exemption from audit under section 477 of the CompanEs Act 2006.. and no nots'ce has been deposited un(Ser Section 476. The directors acknowledge their sponsibl11fy for ensurillg that the company keeps accounb.ng rècords which comp with section 386 and for preparing finanaal statements which give a tiue and fair view of the stste of affairs of the company as at the end of the financial year and ol its profit and loss for the financial year in accordance with the requirements of 5ectlOn5 394 and 395 and which otherwise comply with the reqU1ments of the Companies Act 2006 relating to financial statements, so far as applicable to the cornpany. Thè financial 5tatetnent5 have been prepared in accordance with the provisions applicable to cornpaniB5 subj8Ct to the small companies, regime and in accordan with FRS 102 The Financial R&porting Standard applicable In the UK and Republic of Ireland" applying Section 1A of that Standard. Approvèd by th• Board of Dlr•¢toYs and authorlsed for Issue on 17 Jun? 2019 and $19ned on Its b•htit by Deborah Anne Daty Trustee The ry)les on page5 9 to 12 f(Km part of the financial slalemenls
Badoney Development Partnership IA company Ilmiied by guararthe. not havlng a share caphall NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 October 2018 GENERAL INFORMATION Badoney Development Partnership is a company limited by guarantee incorporated in Northem Ireland. The istered offic8 of the company is 718 Main Street, Gortin, Omagh, Co Tyrone. BT78 8NH, Northern Ireland which is also the principal place of bu51ne5s of the company The financial stat8rnents have been presentad in Pound Sierliro 1£) which is also the functional CUfTency of th8 ¢cmpany. ACCOUNTING POLICIES The following accountiw policies have been applied consistantly in dealin9 With items which are considered material In rtlation to thè chanty'5 finanryal ststements. Basis ol preparation The financial statements have been Prepared on the going conrn basis under th8 historical cost conventhon. The finanaal statements have been prepare(l in accordan with the Statement of Recommended Practi ISORPI "Accounting and Reporting by Charities preparing their awounts In accordance wth the Financial Reporting Standard applicabl8 in the UK and Republic of Ireland IFRS 1021 leffects.ve 1 January 20151" and FRS 102 "The Financial Reporting Standard applicab In the UK and Republic of Ireland" applying Section 1A Of that StarKlard. As p8rtnitt8d by the Companie5 Act 2006, the the company has varied the standard forrnats in that act foi th8 Statement ol Financial Acts"vities and the Balanc8 Sheet. Departures from the stsndard formats are to comply with the requirements ol the Chanties SORP and 8r8 in Complian with section 4.7, 10.6 and 15.2 of that SORP. Cash flow statement The company has availod of th8 exemption in FRS 102 frorn the requirement to produce a ea5h flow statement because It is classified as a small company. Fund aecounting The following ale th8 cat8goris8s of funds rnaintained. Re8trici8d funds Restrict8d funds represent income reiVed whith can onty be used for particular purposes. as specified by the donors. Such purpose5 ale wthin the ovgrall objectives of the company. Unrestricted funds Unrestricted funds consist of General and Designated funds. Genetal fur¥J5 represent atnounts which are exp8nd8bl8 at the discretron of the board, in furtheranc8 of the objectives of the company. Designated funds comprise unrestricted funds that the board has, at rts di5cr8tion. set aside for particular purposes. These designations have an admini3trab.ve purpose only, and do not 18galty restrict the board's ¢Jiscretion to apply the fund. Income Voluntsry income or capital 15 incjuded in the Statement of Financial Activthes when the c(Knpany is legally ented to i( its finanal value can be quantified with reasonable certainty and there is reasonable rtaInty ol its uttimate reipt. Ethtlement to legacies is ctsnsid8red 8Stablished when the company has been riolfied of a distribution to be made by the executors. Income re1Ve in advance of due perfom)an¢e under a contract is ac£ounted for as d8ferr&d in¢ome unty'l earned. Grants for actimties are recogni5ed as income wh8rTr the 18lat8d condits"on5 for legal entlement hav8 be8n rnet. All other income is accounted for on an accruals basis. Expendlture All resources expended are accounted for on an accruals basis. Charrtable activitEs includ8 C05t5 of servi(5 and grants, 5LlPPOrt cost5 and depieciation on related assets. Costs of generating funds similarw include fundraising activities. Non-staff costs not attributed to one category of 8Ctivity are allocated or apportioned prtsrala to the staffing of the rebvan¢ servi. Finan. HR. IT and administratlV8 Staff costs ar8 directly attributable to individual activities by objective. Govemance costs are those assooated with consb"tutiorial and statutory requirgments.
Badoney Development Partnership IA company Ilmlied by guarantee. not havlng a share NOTES TO THE FINANCIAL STATEMENTS continued fr>r the year ended 31 October 2018 Cash at bank and in hand Cash at bank and In hand comprises cash on deposrt at banks requiring less than three Months notice of withdrawal. Taxation and deferred taxation No current or deferred taxation arises as the company has been granttrd charitable exemption. Irrecoverable valued added tax 15 expensed a5 incurred. Defeired tax 15 recognised in r8SP8Ct of all timing differences that have orpJinat8d but not reversed at the balance sheet date Whe transactions or events have occurred at that date that will sUrt in an obligation to pay rn0 tax in the future, or a right to pay less tax in th8 future. Timing ¢Jiflerences are ternpor8ry differ8nces behveen the company's taxablg income and its resuts as stated in the financi31 ststernents. Deferred tax is measured on an und1scounted basis at the tax rates that are anticipated to apply in the periods in which the timing dIffen$ are expected to rev8rse, b858d on tax rat8s and laws that have been enacted or substantively @nacted by the balan sheet date. INCOME DONATIONS AND LEGACIES Unrn8trl¢ted Rèstrlettd Funds Funds 2018 2017 Donations and legacies 12,638 CHARITABLE ACTivrfiES Unrestrlcted Rtricted Fund8 Fund$ 2018 2017 Income frorn charitsblg aCtive$ 8,240 8,240 756 OTHER INCOME Unre$trl¢ted Restrfctod Funds Funds 2018 2017 other incorne 29 29 15 EXPENDrruRE CHARITABLE ACTIVITIES Dlrect Costs Other Costs Support Cost8 2018 2017 Expenditure on charitable activite5 5.987 S,987 878 OTHER EXPENDITURE Dlrect Costs Olher Costs Support Costs 2018 2017 ¢)ther expendrtu 803 INvESTmEP ANO OTHER INCOME 2018 2017 Bank intgre$t 29 15 10
Badonoy Development Partnership IA company Ilrnhed by guarantee. not havlng a sharo capllall NOTES TO THE FINANCIAL STATEMENTS continued for the year ended 31 October 2018 GRANTS RECEIVABLE 2018 2017 Capital grants received and re¢gi¥oblg Incr8858 in year FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unreslrfct•d Rostrlcted Funds Fund¥ Total Funds At 1 Novemb8r 2016 Movernent during the financial year 15,721 12.531 15,721 12,531 At 31 Octob8¥ 2017 Movement during the finanual year 28,252 16,3651 28.252 1.479 7,844 At 31 October 2018 21,887 29,731 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 November 2017 Income Exp•ndltur• Transfor• Balance between 31 October funds 2018 Restrfcted Sncome Reslricled 8,240 13961 Unre8thctod income Unr85trictsd General 28,252 29 16,3941 21,887 Total funds 28.252 8,269 6,790 29.731 ANALYSIS OF NET ASss BY FUND Current assets Totsl Restricted funds 7,844 Unstrired general funds 21.887 21.887 29.731 29.731 STATUS The company is limrted by guarantee not haviNJ a shara capital. The lbIlity of the members is limited. Every member of th8 company und8rtakes to contribute to the assets of Ihe company in the event of its btring wound up while they art members, or wrthin one year thereafter, for th8 payment of the debts and liabilities of the company conlracted before they ceased to be members. and th8 costs, charges and expenses of winding up, and lor the adjustment of the rights of the contributors among themselves, such amount as may be required, not exc8eding £ 1. DIRECTORS. REMUNERATION 11
Badoney Development Partnership IA company lImled by guarantge, not havlng a share caphall NOTES TO THE FINANCIAL STATEMENTS continued for the year ended 31 October 2018 The directorsltrustees rec2ived no emolurnents dunng the yèar and no reinbursement of exp8n8es incurred. 10. POST4ALANCE SHEET EVENTS Th•re ha been no significant events affecting the Charity since the year*nd. 12
BADONEY DEVELOPMENT PARTNERSHIP IA ¢ompony Ilmlted by guaratlteè. Iiot havlng a sharo pall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS R THE YEAR ENDED 31 OCTOBER 2018 13
Badoney Development Partnership IA Gompany Ilml¢ed by guarantO8. not havlng a Share caphjll SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS 0perats.ng Stat8m&nt for the year ended 31 October 2018 2018 2017 Ineome 13.394 Expen8 Courses Rent payable Insuran Bank charges Charitable Aetivit18S General expenses 4.803 788 182 39 396 582 22 856 6,790 878 M15cellan8ous incorne Bank interest 15 Net surplus 1A79 12.531 The SL4)pMentary information does not fom part ol the financial statements 14