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 Nurn￿r 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 Reput￿lC of Ireland" and Accounts"ng and Reporting by Charities". Statement of Re￿MmeTrded 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. ath￿veMents 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 aP￿Icable 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 d1￿CtOrS are responsibk for preparing the finanrial ststements in accordance with applicable law and regulations. Cornpany law reqUI￿S the ￿1￿CtorS to piepar8 financial statements for each financial year. Under that law the directors have elected to p￿pare 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 v￿W 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 I￿land) 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. I￿t 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 wh*th comprise the Statement ol Finanri81 Activities lincotporating an Ine£Jme and ExpendllLfr8 At￿UntI, 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 8r 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 dIffe￿n￿$ 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 R￿tricted Fund8 Fund$ 2018 2017 Income frorn charitsblg aCtiv￿e$ 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 ASs￿s BY FUND Current assets Totsl Restricted funds 7,844 Un￿strir￿ed general funds 21.887 21.887 29.731 29.731 STATUS The company is limrted by guarantee not haviNJ a shara capital. The l￿bIlity 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 lIm￿led 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 ￿p￿all 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)p￿Mentary information does not fom part ol the financial statements 14