Company Registration Number: N1017957 Charity Number.. NIC105759 Coalisland & District Development Association (A company limit•d by guawants•, not haviry a Share pits Annual Report and Unaudited Financial Statements for the financial year ended 30 April 2023 M¢Donald O'Neill & Co Chartered Accountants and Statutory Auditors 5 Union Buildings Union Place Dungannon Co Tyrone 8T70 1DL Northern Ireland
Coalisland & District Development Association IA company limFted by guarantee, b)Ot having a share capital) CONTENTS Pago Reference and Administrative Infomiation Directors. Annual Report Statement of Directors. Responsibilities Independent Examine¢s Report ststement of Financial Activities Balance Sheet 10 Notes to the Finanaal Statements Supplementary Inforniation relating to the Financial Statements 17
Coalisland & District Development As30ciation IA Company limited by guarantèe. not having a share capi¢all REFERENCE AND ADMINISTRATIVE INFORMATION Directors Mr. P McGirr Mr. J Corr Mr. Pal O'Hanlon Company Secretary Mr. Michael Plunkett Daly Charity Number in Northem Ireland NIC105759 Company Registration Number N1017957 Reglstsred Office and Prin¢ipal Address 51 Dungannon Road Coalisland Co Tyrone BT714HP Northem Ireland Independent Examlner McDonald O'Neill & Co Chartered Accountsnts 5 Union Buildings Union Place Dungannon Co Tyron8 BT70 IDL Northem Ireland Principal Bankers First TnJst Bank 18-20 S¢xJtch Street Dunganno Co Tyrone BT70 1AZ Solicitors Fran(#s J Madden 14 The Square Coalisland Co Tyrone BT714LN Northem Ireland
Coalisland & District Development Association IA company limited by guarantee, not havlng a share capftall DIRECTORS, ANNUAL REPORT for the financial year ended 30 April 2023 The directors present their Directors, Annual Report, combining the Directors. Reporl and Trustees. Report, and the unaudited financtal statements for the financial year ended 30 April 2023. The financial stslements are prepared in (x)rdanCe wtth the Companies Act 2006, FRS 102 'The Financial Reporting Stsndard applKable in the UK and Republic of Ireland- and Accounting and Reportin9 by Charities." Slalemenl of Recommended Praclice applirrtqble to charities preparing their financral statements in acrdance with the Financial Reporb'ng Stsndard applicable in the UK and Republic of Ireland IFRS 1021. The Directors, Report contsins the informabon required lo be promded in the Dlrectors, Annual Report under the Statement of Recommended Practice ISORPI guidelines. The directors of the company are 81so charity trustees for the purpose of charity law arKI under tha compan¥s constitijtion are known as members of the board of trLSStees. In this report the directors of Coalisland & District Development AssorAation present a summary of its purpose, govemance, activitie5. achievements and finan5 for the financial financial year 30 April 2023. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements ol the Companies Act 2006 and, alihough not obliged lo comply with the StstemenE of Recommended Pracllce applicable in the UK and Republic of Ireland FRS 102, the organisatKJn has implemented ils recommendations where relevant in these financial statements. Strudure. Govornance and Managem•nl Structure Coalisland & District Development hssocialion is a wmpany limited by guarantee and does not h8ve a share capitsl. 11 is governed by ils Memorandum and Articles of Company. 11 is recgonised as a charity by HM Revenue & Customs. Board of Directors Directors are appointed or re-8ppointed at the annual general meeting, not more Ihan fifteen mnths musl lapse befvleen the date of one AGM and that of the next. Th8 Board of Directors are listed on page 3. The board meetings are hetd on a bi-monthty basis. The directors agree the board strategy and areas of activity. The day lo day operations of the chanty are handled by senior management and staff. The directors are not remuneraled. Risk Managoment The directors have activety revrewed the major risks which the company faS and believe that achieving the desired level of tenancy occupation of their untts. combined with the annual rewew of the controls over the key financial systems, will provide sufficient resources in the event of adverse txJndtb"ons. They have also examined other business and operational risks, which they face and confirm that they have established system5 to mitiga18 significant risks. Révi8w of Activiti8s, Ach¢evements and Perfomiance The statement of financial activities for the year is set out on page 10 of the financial ststements. The nel movement in funds for the financial year is a surplus of £6,078 12022 surplus £30,421). The Charity ulilised the Govemmenl's Coronavirus Job Retention Scheme to assist with financial pressures durin9 the Covid 19 Pandemic. The main activities of the company are unchanged from the last year, as are the main ftjnding sources. The main funding source is rentsl income. In the coming year the directors are committed to driving the MpanY forward by retaining funding from current sources and tying to obtsin addilional fundiro from new sources. Financial Results Al the end of the financial year the (x)mpany has assets of £456,037 (2022 £449.8071 and liabiltties of £12.493 £2022- £12,341}. The net assets of the company have increased by £6.078. Reserves Po$rtion and Polley The charity's policy is to retain a level of free reseNes which matches the need of the company. both at the current time and in the forseeable flrtU. Free reserves are those unrestricted reseNes not invested in fixed assets, which are avaiL4ble for general use. The directors are striving lo SeIre reseNes in the future suffKient to rneel committed expenditure an¢J the running costs of the charity for a period equNalent lo 9 months annual expenditure, which equates to £82,37812022 £78,116). The directors believe that the period 019 months 15 necessary in order that Ihere is conts"nuity of Servi and will continue lo work towards the implementation of this policy. Al present the free reserves which amount lo £375,782 12022 £368.28113re sufficient to meet this level of spending.
Coalisland & District Development Association IA company limited by guarantat, not having a Sha capitall DIRECTORS. ANNUAL REPORT for the financial year ended 30 April 2023 The policy relating to reserves 1$ reviev1 annually. Reference and Adminlstrative details Coalisland & DistriGt Deveknpment Associatk)n is registered with the Charities Commission Nl.. Charity Number NIC105759 as a company limited by guarantee and is regislefftd wrfh the Companies Registrar registration nurnber N117957. It is also recognised as 8 charity by HM Revenue and Customs XT2235. The directors and secretsry of the charity are listed on page 3. The priniq>al and registered Offi of the charity is also listed on page 3 together with the details of the professional advisors and bankers. Dlr•¢tors The direGlors who served throughout the finanLyal year, expt as noled. were as folh)ws: Mr. P McGirr Mr. J Corr Mr. Pat O'Hanlon In accordance with the Conslitution. the directors retire by rolalion and. being eligible. offer themselves for releclion. The secretary who seNed during th8 financial year was.. Mr. Michael Plunkett Daly Complian¢o with Sactor-wide Legislation and Stsndards The company engages pr¢>actively with legislation, standards and codes which are developed for the sector. Coalisland & District Development Associabon subsuibes to and is complianl with the folk)wing.' The Companies Acl 2006 The Charitses SORP IFRS 102) Public Benefit The committee believes that the charitable MpanY provides a public benefft by providing training services for the acquisition and development of occupational skills amd work experience to advance education and provide and maintain employment, espeualty for young peopk. In particular, the charitable company provides job skills courses and programs, aimed al getting people off the unemployment register. The mMIttee is fully aware of the guidelines coming from the Charity Commission for Northern Ireland. Thè committee believes that is is operating entirely within those guidelines which have been released so far and it looks forward with Confiden to the development of the charity's work in the provin. Taxation As a charity, the company is able lo reVer most tsx deducted al source from investment income and is not liable for corporation tax on ils other income or on (pital gains. Recovery is therefore made of tsx credits and tax deducted from inc£)me received under deed of venant or grft 8id. Plan for futur8 pgriods The Charity has had to deal with 8 C8rt3in level of disruption as a result of the recent Coronavius pandemic with some lime lo pay arrangements made with tennants. As the restrictions imposed begin to ease, the Charity anticipate a relum lo full service. Whilst the Board of Directors realise there may be an elemenl of UnrtaInty during the difficult times. tha Charity has mantained an over311 healthy finanual position and Is therefore confident the Charity Can continue lo provide full service going forward. The Board of Direclors will continue to plan for the delivery of consislenl high quality standards in re181ion to achieving the objectives as detsiled above. Collectively they will ensure that those charged govemance or management of the entity will be made aware of their responsibilities. The charity will demonstrate that it is using its resources lo deliver charitsble activity and therefore public benefit in tha best possible way in these uncertain economic times. Resources will be managed in a cost effective manner. Expenditu will be strictly montiored and controlled without ompromising quality of serwce. Management structures will be kept under revrew and ITnItor8d to en5Ltre Ihat good govemance prevails and exposure of the charity to risk Is minimised. Key perfomiance indicators Given the straightforward nature of the business. the mpanY'S directors are of the opInn that analysis using KPIS is not necessary for an understanding of the devebpment. perfornian or pw)stiK)n of the business. Sènlor managoment tsam Chief execuuve - R Thornton Manager- Melanie Campb811
Coalisland & District Development Association IA company Ilmlted by 9uarantg0, havln9 a sharé eapitai) DIRECTORS, ANNUAL REPORT for the financ481 year ended 30 April 2023 8mall companles. exemptlon This report has been prepared in acwrdarK8 wilh the spectal provi%i)ns relating lo small companies within Part 15 of the Companies Act 2006. Ap roved by the Board of Dlrectors on 27 June 2023 and slgned on Its behalf by:
Coalisland & District Development Association IA company limitèd by guarantgo, not havin9 a shar• eApitsII STATEMENT OF DIRECTORS, RESPONSIBILITIES for the financial year ended 30 April 2023 Th8 directors are responslble for preparing the financial statements in aCrdanCe wtth applirAble law and regulations. Company law requires the directors to prepare financial statements for each finanal yoar. Under that law the directors have elected to pr8par8 the financial ststements in accordance wilh United Kingdom G8neralty ALapted Accounting Practice (Uniteil Kingdom Accyjunting Standards and applicable lawl induding FRS102 "The Financial Reporting Standard applicablo in tho UK and Republic of IrelarKI'. Under tt)mpany Law the directors must not approva the financial stat&ments n$S they 8r& satisfied that they gNe 8 and falr view of the State of affairs of tha company and of the net income or expendtture of the company for Ihat period. In preparing these financial stslements, the directors are required to.. select suitable accounliThJ policies and appty them consistentty" make judgements and estimates that are reasonab and pnjdent; state whether the financial statements have been prepared in accordanre with the relevant finanal reporting framework. id6nlrfy thosa Stsndards. and note the effeca aTrJ th8 reasons for ary material departur& from those standards,. and prepare the financial statements on the going con(w basbs unles5 it is inappropriate to presume that the company S11 conllnue In operath)n. The dlrectors Conffi that they have IxmpliI y the above requirements in pparIng th8 finanaal statements. The directors are responsible for kwng adequate accountlng rerdS that are sufficient to show and explain the mpanys transactions and disclose wrth reasonab accuracy at any time the finanGial position of the company and enable them to ensure that the finanaal stslements rmplY with. They are also responsible for safeguarding the assets of the company and hen for tsking reasonable steps for the prevenlion and detection of fraud and other irregularities. ved by ors on 27 June 2023 and slgnod on Its behalf by:
Coalisland & District Development Association IA company Ilmltsd by guarantee, not having a share eapltall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF COALISLAND & DISTRICT DEVELOPMENT ASSOCIATION We have examined financial statements of tho company the financial year ended 30 April 2023. whlch comprlse the Ststemenl of Financial Athrlies (incorporating an Inu)me and Expenditure AmJunt}, the Balance She81 and the related notes. Thls report 18 made soloty to the Gompanys member3, as a body. in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our WOTk has been undertaken so that we might MplIe the )Inancial ststements Ihat we have been engaged to complle, report to the Board of Directors that we have done so, and stste those matters that we have agreed to stale to them in this report and for no other purpose. To the fiJllest extsnt pemrited by law. we do not accept or assume responsibility to anyone other than the company and the coMpanS members, as a body. for our work. or for this report. RespeGtiVo responsibilities of directors and examlner Tho Companls trustees (who are also the directors of the company for Iha purposes of 1MpanY lawl are responsible for the preparation of the financAal statements in a¢)x)rdance wth the requirements of the Companies Act 2006. The companvs directors consider thai an audlt is not requlred for this finan(xal year undef Chapter 3 of Part 16 of the Companiès AGt 2006 and that an independent examinatKJn is required. It is our responsibilty lo.. examine the financial statem&nts under seclion 65 of the Charthes Ac(. follow the procedures laid down by the general Directions given by the Charity CommF88ion for Northem Ireland under section 65(91(bl of the Chafitses Aci". and stste whether parlar matters have LX)me to our attentb)n. Basls of Independent •xamlnees report We have examined your company finandal statements as required under section 65 of the Chartbes Act and our examination was (arried out In acccKdance wrth the general Directions given by the Chaiity Commission for Northem Ireland und6r section 65191{b) of the Chartiies Act. An examination includes a review of the accounting rèeords kept by the company and a compartson of the financial stalernents presented wlth those records. 11 also includes consideration of any unusual items or disdosures In the finarrial statements and seeking explanations from the directors (x)nceming any such matters. The prThxdures undertaken do not provide all the eviden that would be required in an audit and consequenlty no opinron is gtven as to whether the aca)unL8 psen1 a 'true and fairf view and the report is limited to those rnatters set out in the ststemenl below. In connection with our examinalion. no matter has come to our attention gNe$ us cause to believe that in, any material respect.. accounting records were not kept in accordance with sect6on 386 of the Companies Act 2006 the financial statements (kn t accord wrth those a¢xounting records the financial statements have not been prepar&J in accxsrdance with the arxountsng requirem8nts of section 396 of the Companies Act 2006 and wtth th8 methods and principbs of the SLmenl of R8commend8d PractTrce applicable lo tharities preparing their arKA)unts in awA)rdan( wth the Finanoal Reporting Stsndard applicable in the UK and Republic of Ireland {FRS1021 there is further information nefjdèd for a proper urKfersianding of the aCLounts to be reached. Independent examinerfs ststernent We have no concems and have come across M other matters in connection with the examination lo which attenlion should be drawn in this report in order to enabl8 a proper understanding of financial slatsments to be reached. MCDO AL O'NEILL & CO hartered Awjuntants and Statutory Auditors 5 Union Buikling$ Union PL8(* DLbngannon Co Tyrone BT70 1 DL Northem Iraland Dato: 27 Jun? 2023
Coalisland & District Development Association IA cornpany limitad by guaiantee, not having a share rapitsll STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Incomo and Expenditure Aeeountl for the financial year ended 30 April 2023 Unrestricted Funds 2023 Total Unrestricted Funds Funds 2023 2022 Total Funds 2022 Notes Incoming Resources Activities for generating funds Other income 112,438 3.477 112,438 3,4n 118.556 16.702 118.556 16,702 32 Total incomlng rosources 115.915 115,915 135,258 135,258 Resource$ Expended Raising funds Other expenditure 109,837 109.837 103,396 1,441 103,396 1,441 42 Totsl ReSoUrS Expondad 109.837 109,837 104.837 104.837 Net incomingloutgoing resources before transfer 6.078 6.078 30.421 30,421 Gross transfers between funds Net movement in funds forthe financial year 6.078 6,078 30.421 30,421 Reconciliation of funds- Totsl funds beginning of the year 14 437.466 437,466 407.045 407.045 Total funds at tho end of the year 443.544 443.544 437.466 437.466 The Ststement of Financial Aclivities includes all gains and losses reccpjnised in the financial year. All inrne and expenditure relate lo ntinUIng aclivitres. The rK)te5 on pages 11 10 15 fom) part of the financial statements
Coalisland & District Development Association IA company limit•d by guarantèg. not having a #hare capital) Cornpany Numbèr. N1017957 BALANCE SHEET as a130 April 2023 2023 2022 Flxod Assets Tangible assets 67,762 69,185 Current Assèts Stocks Debtors Cash at bank 8nd in h8nd 10 11 385 38.622 349.268 385 34.965 345.272 388,275 380,622 Credltors: Amounts falling due wlthln one year 12 (12.493) 112,3411 Nol Curronl As$ets 375.782 388.281 Total Assots IBSS Currenl Liat)ilitiOS 437,466 Funds Gener81 furtd {unrestricW) 437,466 Total funds 14 437,466 These finaneAal ststements have been prepared in aGrdance with the speaal provisions relating to small wmpanies within Part 15 of the Companw ArA 20C6. For the financial year ended 30 April 2023 the company was entitkd to exemption from audit under seclion 477 of tho Companies Act 21x16; and rKI notice has been deposrted under section 476. The directors confirm that the membefs have not r4uired the wmpany to obtsin 8n audit of its finBncial 8tatemenl8 for the financial year in question in a¢xordance with section 476 of the Companies Art 2LN)6. The directors acknowledge their responsibiliknes for ensuring that Ihe rnmp8ny keeps accnunting records which mply with section 386 and for preparlng finanoal ststements which gNe a Irue and fair view of the state of affairs of the company as al the end of the financial year and of its profil and knss for the finaal year in aCWrd8n with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applKable to the company. Approve by oard of Dlréctors and authorlsed for Issue on 27 Jung 2023 and signod on Its half by The notes pag8s 11 to rm part 10
Coalisland & District Development Association IA company limitèd by guarant•è. not having a share ¢apitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2023 GENERAL INFORMATION Coalisland & District Development Assooation is a company lirnited by guarantee ino)rporated in Northem Ireland. The registered offio of the company is 51 Dungannon Road, Coalisland. Co Tyrone, BT71 4HP, Northem Ireland which is also the principal place of bu5ine55 of the company The financial ststemenls have been presenled in Pound {£) which is also the fundional (yjrrency of the (x)mpany. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied cxjnsistenty in dealing with items which are ¢onsidered material in relation to the charity's finanal statements. Basls of preparation The financial statements have been prepared on the going nCern basis under the histori(xl cost wnvenlion, modified to include certain items al fair value. The finanaal slatements have been prepared in acwrdance with the Slalement of Recommended practi ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance wilh the Finanoal Reporting Stsndard applicable in Ihe UK ané Republic of Ireland FRS 102". As pemiitted by the Comp8nies Act 2006, the company has varied the standard fomials in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the stsndard forniats are to comply with the requirements of the Chartties SORP and are in Complian with section 4.7. 10.6 and 15.2 of that SORP. Statsment of complianGe The financial slalements of the npanY for the financial year ended 31 December 2017 have been preparèd on the going concem basis and in accordance with the Statemenl of ReCOmnded Practice ISORPI "Accounb"ng and Reporbng by Charities preparing theif accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102". Cash flow statement The company has avaikd of tha ex@mption in FRS 102 from the requiremenl to produce a cash ftow statemenl because rt is c18ssthed as a small company. Fund accounting The following are the c8tegorises of fvnds maintained: Rastrictad fund$ Relricted funds are funds which are to be used in accordance wilh specific restrictions irnposed by donors or which have been raised by the group for particular purposes. The cost of raising and administ&ring such funds are charged against the spe(ir fund. Unrostricted fund$ Designated funds are unrestricted funds of the group whKh the Directors have decided at their discretion to set aside for a specffic purpN)se. Incoming Resources Voluntary income or capital is induded in the Statement of Financial ActNities when the o)mpany is IallY entitled lo it, ils financial value can be quanlffied with reasonable ¢rtainty and Ihere is reasonable certainty of ils ultimate receipt. Entitlement to legacies is considereé estsblished when the company has been notified of a distribution to be made by the execLrtors_ Income re1Ve in advance of due perfom)ance under a contract is accounted for as deferred income until eamed. Grants for activities are recognised as income when the related conditions for legal enlidemenl have been met. All other income is accounted for on an accruals basis. Resources Expended All resources expended are accounted for on an accru81s basis. Ch8ritable actrvities include costs of servi(s and grants, support costs and depreciation on related assets. Costs of genarating funds similarly indude fundraising aclivilies. Non-staff Costs nol attributed lo one category of activity are allocated or apportioned prcwata to the staffing of the relevant servi. Finance. HR. IT and adminislralive stsff costs are d1CtlY allributable to individual activities by obJeclNe. Governan c4)sts are those a$Slated with txjnslilutional and statutory requirements. 11
Coalisland & District Development Association IA company limlted by guarantee, not having a share pItalI NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 April 2023 Tangible fix8d assets and depreciation Tangible fixed 8ssels are slated at cost or at valuabon. less 8ccumul8ted depreciation. The charge to depreciation is calculated to write off the original ¢ost or valuation of tsngible fLxed assets. less their estimated residual value. over their expected useful lives as follows.. Land and buildings freehokl Plant and machinery Fixiures. fitb'ngs 8nd equipment 5% Straight line 20.kn Straight line 20% Straighl line Debtors Debtors are recognssed al the setuement amount due after any diso)unl offered. Prepayments are valued 81 the aoUnt prepaid net of any trade discounts due. InG0 re(x)gnised by the MpanY from government agenaes and other o)-funders, but not yet received at year end. is included in debtors. Cash at bank and in hand Cash at bank arKJ in hand mpriseS cash on deposit at banks requiring less than three months notice of withdrawal. Taxatlon and deferred taxation No current or deferred taxation arises as the MpanY has b88n granted charitable exemption. 1Th8coverabla valued added tax is expensed as incuThed. Deferred lax is recognised in respect of all timing differences that have originated but not reversed al the balance Sheet date where transactions or events have o(rJJrred at that date that will result in an obligation to pay more tax in the fLrture, or a right lo pay sS tax in the future. Timing differences are temporary differences between the wmpanrfs tsxable income and ts results a5 Stated in the ffinanctal ststements. Deferred tax is measured on an undiscounled basis at the tax rates that are anticipated lo apply in the periods in which the timing drfrerens are expected to reverse. based on tsx rates and laws that have been enacted or substantively enacted by the balan sheet date. INCOME OTHER TRADING ACTivrriES Unfestrictod Restriclèd Funds Funds 2023 2022 Rentsl Income 112.438 112,438 118,556 32 OTHER INCOME Unrestrlthd Rostrlctsd Funds Funds 2023 2022 Other income 3,477 3,477 16,702 EXPENDThURE RAISING FUNDS Dire Costs 0th8r Costs Support Costs 2023 2022 Resources Expended 109,837 109,837 103.396 OTHER EXPENDITURE Direct Costs Other Support Costs 2023 2022 Other expenditure 1,441 12
Coalisland & District Development Association IA company limited by guarantee, not having a $hare ¢apitall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 April 2023 SUPPORT COSTS Costot Ralsing Funds 2023 2022 Propety Costs Depreciab"on Operatsng Costs Staff Costs 21.672 1,423 49.013 37,729 21,672 1,423 49,013 37,729 20,974 1,597 45.343 35.482 109.837 109,837 103,396 ANALYSIS OF SUPPORT COSTS Basls of Apportionment 2023 2022 Property Costs Depreciation Operating Costs Staff Costs Usage Usage Usage Stsff Time 21,672 1,423 49,013 37.729 20,974 1,597 45,343 35.482 109,837 103,396 NET INCOMING RESOURCES 2023 2022 Net Incomlng Resources are stated after chargin(CredItIng). Depreciation of tangible assets Gr8nls receivable received 1.423 1,597 16.5771 INVESTMENT AND OTHER INCOME 2023 2022 Revenue grants receNed Bank interest 6,577 42 664 664 6.619 EMPLOYEES AND REMUNERATION Number of employees The average number of persons empk)yed {induding exeojtive directors) during the financial year was as folk)ws.'3 2023 Number 2022 Number Administration The slaff costs MPrise. 2023 2022 Wages and salaries Pension costs 35.888 1041 34,263 989 37.729 35.252 13
Coalisland & District Development Association IA company limrled by guarnntee, not havin9 a share capilall NOTES TO THE FINANCIAL STATEMENTS continued for thé financial year ended 30 April 2023 TANGIBLE FIXED ASSETS Land and buildFng¥ freehold Plant and Fixtures. machinery ffttings and equipment Totsl Cost At 30 April 2023 2,323.450 10.627 131,115 2,465,192 Depreciation Al 1 May 2022 Charge for the financial year 2.254.708 980 10.627 130,672 443 2,396.007 1.423 At 30 April 2023 2.255.688 10,627 131,115 2,397,430 Net book valug AI 30 April 2023 67,762 67.762 At 30 April 2022 68.742 443 69,185 10. STOCKS 2023 2022 Finished goods and good5 for resale 385 385 11. DEBTORS 2023 2022 Tr8de debtors Prepayments and accnjed income 18,243 20,379 15,161 19,804 38,622 34,965 12. CREDoRs Amounts falling due within one year 2023 2022 Trade creditors Taxation and social security costs Other credrtors Accruals and deferred income 520 8,290 938 2,745 331 8.454 499 3,057 12,493 12,341 13. RESERVES 2023 2022 At the beginning of the year Surplus for the financyal year 437.466 6.078 407,045 30,421 Al the end of the year 437,466 14
Coalisland & District Development Association IA company limited by guarante8, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 April 2023 14. FUNDS 14.1 RECONCIUATION OF MOVEMENT IN FUNDS Unrestricted Funds Total Fund Al 1 May 2021 Movement during the finan(ial year 407.045 30,421 407,045 30.421 At 30 April 2022 Movement during the financial year 437.466 6,078 437.466 6,078 At 30 April 2023 443,544 443,544 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1May 2022 Income Expondlture Transfers betrween funds Balance 30 April 2023 Unrestrlcled lunds General 437,466 115.915 109,837 443,544 Total funds 437,466 115.915 109.837 443,544 15. STATUS The company is limited by guarantee not having a share capital. The liabilty of the members is limited. Every member of the company undertakes to contribute lo the assets of the company in the event of its being wound up while they are members. or within one year thereafter. for the payment of the debts and liabilities of the company contracted befo they ased to be members. and the costs, char9es and expenses of winding up, and for the adjustrnenl of the rights of the contributor5 among them3eives, Such amount as may be required, not exceeding £ 1. 15
COALISLAND & DISTRICT DEVELOPMENT ASSOCIATION IA company Ilm1t by yuarantee. not having a 5har• ¢apit*D SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 APRIL 2023 16
Coalisland & District Development Association IA company limited by guarantee, not havFng a sharè ¢apiiall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 30 April 2023 2023 2022 Incomo 115.251 127,956 Co$t of generatlng funds Opening stock 385 385 385 1385) 385 13851 CIo8ing stock Gross surplus 115.2S1 127,956 Expenses Wage5 and Salaries Staff defined ntn"bUtion pension costs Rates Insurance LwJht and heat Repairs and maintenance Printing, postage and stab"onery Advertising Telephone Travelling and entertainment Legal and professional Consultsncy fees Accountsncy Bank charges Bad debts General expenses Subscriptions Depreciation 35,888 1,841 811 20,861 9,830 21.988 295 34.263 989 687 20,287 7,509 17,801 155 145 471 3,990 1,171 7,000 2,250 261 4,673 842 63 1.597 429 3.988 7.000 2.150 282 1.174 349 1.423 109.837 104.154 Miscellaneous Income Revenue grants ceiVed Bank interest 6,577 42 6,619 Net $urplus 6,078 30.421 The supplementary infomiation does not fomi part of the financial ststements 17