Company Reglstrallon Number.. N1017957 Charlty Number: NIC105759 Coalisland & District Development Association IA company limilod by guarantea. not havlng a share capital) Annual Report and Unaudited Flnancial Statements for the financial year ended 30 April 2024 McDonald O'Neill & Co Chartered A¢¢ountants and Statutory Aud5toYs S Unlon Bulldlng8 Unlon Place Dungannon Co Tyrone BT70 IDL Northern Ireland
Coalisland & District Development Association <A ¢ompany15mlt•d by guaranlee. nol havlng a share ¢apltall CONTENTS PagB Reference and Administrative Informalion Directors, Annual Report Statement of Directors, Responsibilities Independent Examiner's Report statement of Financial Activiltes Balance Sheet 10 Notes to the Financial Statements Supplementary Information relating to Ihe Financial Slatemenls 17
Coalisland & District Development Association (A company Ilmllod by guaranloo. not havlng a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Dlrectors Pat O'Hanlon Mr. J Corr P McGirr Company Secretary Mr. Michael Plunkell Daly Charlty Number In Northern Iroland NIC105759 Company Reg16tratlon Numbfrr N1017957 Registered Office and Prlnclpal Address 51 Dungannon Road Coalisland Co Tyrone BT714HP Northefn Ifeland Independent Examlner McDonald O'Neill & Co Chgrtered Accountants 5 Union Building8 Union Place Dungannon Co Tyron8 BT70 IDL Northem Ireland Prlnclpal Banker8 First Trust Bank 18-20 Scotch Street Dungannon Co Tyron8 BT70 1AZ Sollcltors Franas J Madden 14 The Square Coalisland Co Tyfone BT714LN Northern Ireland
Coalisland & Dlstrict Development Association {A ¢ompany Ilmllod by guaranteo, nol havlng a sharè capltal) DIRECTORS. ANNUAL REPORT for th8 financial year ended 30 April 2024 The directors present their Directors, Annual Report. combining the Directors, Report and Truslees, Report. and the unaudited finanal statements lor Ihe financial year ended 30 April 2024. The financial slalemen15 are prepared in accordance with the Companies Act 2006. FRS 102 "The Financial Reporting standard applicable in the UK and Republic of Ireland" and Accounling and Reporting by Charities.. Slalement of Recommended Practice applicable lo Qharilies preparing their financial slalemenls in accnrdance with the Financial Reporting S18ndard applicable in the UK and Republic of Ireland IFRS 102). The Directors, Report contains the information required to be provided in the Direcloi8' Annual Report under the Statement of Recommended Practicè ISORP) guidelines. Thè directors of the company are also charily Iruslees for the purpose of charity law and undei Ihe CA)mpan$ conslilulion are known as members of the board of Iruslees. In Ihls ieport the directors ol Coalisland & Dislricl Developmont Association present a summary of its purpose, governance, activities. achievements and finances for the financ1 year 30 April 2024. The company is a registered charity and hèncA9 the report and results are presented in a form which complies with the requifemenls of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of IrelarKI FRS 102. the organisalion has implemènled its recommendations where relevant in Ihese financial sialements. Structure, Governance and Management Struclure Coali51and & District Devglopmenl Association is a company limited by guarantee and does not have a share capital, It is governed by ils Memor8rTrdum and Articles of Company. It is fecgonised as 8 ch8rily by HM Revenue & Custom5. Board of Dlreclor8 Directors afe appointed or re-appointed 81 the annual general meeting, not more than fifteen months must lapse betsveen the date ol one AGM and that of the nexl. The Board of Dlreclor$ 8re listed on page 3. The board meetings are held on a bi-monthly basis. The directors age the board slfategy and areas of actiwly. The day lo day Opofalions of the charity are handled by senior management and staff. The direclors are not remun6r8led. Rlsk Managemènt The directors have actively reviowed Ihe major risks which the company faces and believe that achieving Ihe deyired lovel of tenancy occupation of their units. combined wilh the annual review oflh8 controls over the key financial sy81ems. w511 provide sufficienl resour¢es in the event of advefse conditions. They have also examined other business and operational risks. which they face and confirm Ihal Ihey have esl8blished systems lo milig8te significant risks. Rovl•w ol Actlvltles, Achl8vements and Porformance The slalemenl of financial activitiès for the year is set out on page 10 of the financlal slalemenls. The net movement in funds for the financial year is a deficit of £{244,502112023 sutpIu5 £6,078). The main activities of the company are unchanged from the last year. as are the main funding SOUTces. The main funding source is rental income. In Ihe coming year the directors are committed to driving the company forward by retaining funding from current sources and lrySng to obtain addits.onal funding from new sources. Flnanclal Re8uIts At the end of the financial year the company has assets of £214,888 (2023 - £456,037) and liabilities of £15.84612023 - £12,493). The net assets ol the company have decreased by £{244.502)- Resorves Posltlon and Pollcy The charity's policy is lo relain a level of free Teserves which matches the neèd of the company, both at the current limo and in the foreseeable future. Free reserves are those unrestricled reserves not invested in fixed assets, which are available for general use. The director3 are slriving lo secure reserves in the future su1Clent to meet commilled expenditure and Ihe running costs ol the charity lor a period equivalent to g months annual expenditure. which equates to £267,64112023 £82,378). The direclors believe that the period of 9 months is necessary in order that there is conlinuily of service and will continue to work towards tho implemenlalion of this policy. At present the free reserves which amount to £132,260 12023 £375.782) are sufficient lo meel this level of spending. The policy relating to reseThes is reviewed annually.
Coalisland & District Development Assoclation IA company Ilmllod by guarantofr, not havlng a sharè capllall DIRECTORS, ANNUAL REPORT for the ffinanclal year ended 30 April 2024 Relerenco and Admlnlslratlve delalls Co81island & Oislflct Development Association is gIStered with the Charities Commission Nl, Chaiity Number NIC105759 as a company limited by guaranlee and is registered with the Companies Registrar registration number N117957. It is also recognised as a charity by HM Revenue and Customs XT2235. The directors and secretary of the charity are listed on page 3. The principal and iegistered officE of the charity is also listed on page 3 togeth81 with th6 details of the professional advisors and bankers. Dlre¢tor8 The directors who served throughout the financial year, except as noted. were as follows.. P81 O'H8nlon Mr. J Corr P McGirr In a¢cordance wilh tho Constitution. Ihg directors retire by rotation and, being eligible. olfer themselves lor re.eleclion. The secretary who served during the financial year was.. Mr. Mlchael Plunkett Daly Compllance wlth Sèctor-Wld8 Leglslatlon and Standards The company engages pro-actively with legislation, standards and codes which 8re developed for the sector. Coallsland & Oislfict Development Association subscribes lo and is compliant with the following- The Companles Act 2006 The Charities SORP (FRS 102) Publlc Benellt The committee believes that tho charitable company providos a publi¢ benefit by providing iraining $eNices for the acquisition and development ofoccupalional skills amd work experbencé to advance edu¢alion and providè and maintain employment, especially for young people. In particular, the charitable company provides job skills courses and programs, aimed 8t gelling people ofl the unemploymenl register. The committee is fully aware ol the guidelines coming Irom Ihe Charity Commission lor Northern Ireland. The committee believes Ihal 15 is operating entirely within Ih05e guldelinos which hav6 been released so lar and il looks forward with confidence to the development of the charity's wofk in Ihe province. Taxatlon As a charity, the company is able to recover most lax deducted at source from its investment income and Ss not li8ble lor corporation lax on ils other income or on c8pitsI gains. Recovery Is therefore made of tax credits and lax deducted from Income received und8r deed of covenant or gift aid. Plan for future perlod8 The Charity has had lo deal wilh a certain level of disruption as a result of the fecenl Coronavius pandemic with some lime lo pay arrangements made wilh tenants. As the reSIrlI0ns imposed begin lo ease, the Charily anliapale a relum lo full service. 1191 the Board of Directors realise there may be an elemenl of uncertainty during the dbfficull limes, the Charity has maintained an overall heallhy financial position and is therefore confident the Charity can continue lo provide full seiCe going fofward. The Board of Directors will conlinue to plan for the delivery ol consislenl high quality standards in relalion lo achieving the objectives as detailed above. Collectively Ihey will ensure Ihal those charged with governan or managemanl of the entity will be made awa of their responsibilities. The charity will domonslrato that il is using ils reSoue$ lo deliver ¢harilable a¢ts"vity and therefore public benefit in the best possible way in these uncertain economic limes. Resources will be managed in a cost elfeclive manner. Expenijiture will be strictly monitored and controlled wilhoul compromising quality of soN(ce. Managemonl structures will bg kept under review and monitored lo ensure Ihal good govemance prevails and exposure of ihe charity to risk is minimised. Koy porformance Indlcators Given the Straightfoard nature of the business, the company's directors are ol the opinion that analysis using KPIS is not necessary for an understanding of the development. perf0mlan or position of the business. Senlor managomont t¢2m Chiof executive - R Thofnlon Manager- Melanie Campbell
Coalisland & District Development Association IA company Ilmltod by guarantoo, nol havlng a shor• eapllall DIRECTORS, ANNUAL REPORT for th6 financial year ended 30 April 2024 Small companle5' exemption This report has been prepared in accordance with the special PTovision$ relating lo small companies within Part 15 of the Companies Act 2006. Approved by tho Board of Dlrectors on 25 Juno 2024 and ¥igngd on Its behalf by: Pat o, anlon Dlrector
Coalisland & District Development Association IA eompany Ilmlted by guaranlgo, not havlng o sharo Capllal) STATEMENT OF DIRECTORS. RESPONSIBILITIES for the financial year ended 30 Apiil 2024 The directors are spOnSible for prepartng the financial slalemenls in accordancE with applicable law and regulations. Company law requires the direclors lo prepare financial slalemenls for each financial year. Under that law th& directors have elected to prepare the financial slalements in accorclance with United Kingdom Generally Accepted Accountin9 practi (United Kingdom Accounting Slandards and applicable law} induding FRS102 "The Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland" Under company law the difectors musl not approve the financial statements unless they are satisfied that they give a Irue and fair view of th8 slate ol affairs of th& company and of the net income or expenditure of the (x)mpany fof that period. In preparing these financial slalements, Ihe directors are required to= select suitable accounling policie5 8nd apply them consistently., make judgemenls and eslimales that are reasonablè and prudent: stala whether the financial statements have been prepared In acLordancè with th8 relevant financial roporting Iramowork. identify those st8ndards, and note fhe effect and the reasons for any material departure ffom those standards, and prepare the financial statements on the goin9 concem basis unless it is inappropriate to presume Ihal the company will continue in operation. Tho directors confimi that they have complied W1h the abovè requlrements in preparing the financial slalemenls. The directors are r6sponsibl6 lor keeping ad8qU8le accounting records that are sufficient lo show and explain the company's Ir8ns8clions and disclose wilh reasonable accuracy al any lime the financial position of the company and enable Ihem to ensufe that the financial statements comply with. They are a150 responsible lor safeguarding the a5sels of Ihe company and hence for taking reasongble steps for Ihe Pfevenlion 8nd deteclion of fraud and other irregularilies, Approved by the Board of Dlrector8 on 25 June 2024 and Slgned on Its behall by.. t O'Hanlon Dlr•ctor
Coalisland & District Development Association IA company Ilmlled by guarantoo. not havlng a share capilal) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF COALISLAND & DISTRICT DEVELOPMENT ASSOCIATION We have examined the financial slatoments of the company lor the financial year ended 30 April 2024. which compriso tho Slalemenl of Fin8ncial Aclivilles (incorporating an IncLKne and Expenditure AcUnt>, Ihe Balance Sheet and the related notes. This report is made solely lo the company's members, as a body. in accordance wilh Chapter 3 of Part 16 of the Companies Act 2008. Our work has been undertaken so that we might compile Ihe finanual slatemenls that we have been engaged lo compile, report lo the Board of Directors that w6 have done so, and slate Ihose mallers that wa h8V8 agfeed lo stale lo them in this report and for no olhei purpose. To the fullesl exlent pemiilled by law, we do not accepl or assume responsibility to anyone olheT than Ihe company and the company's members, as a body, for our work, or for this feport. Rospo¢llve re8ponslbllltle8 of dlroctors and gxamlner The company's Iruslees {who are also the direclots of the company for the purposes of company law) are responsible for tha preparation of the financial slalemenls in accordane£ with tho requlramenls of the Companies Act 2006. The company's directors considef that an audlt is not lre0 (or this financial year under Chapter 3 of Part 16 of the Companies Act 2008 and Ih8t an Independent examination is required. It is our responsibillty to- examine the financial 51alemenls under section 65 of thé Chafilies Acl-. follow Ihe procedures laid down by the general Directsons given by th8 Charity Commission for Northern Ireland under se¢lion 6519llbl of the Charities Act.. and slate whethèr particular mallers have come lo our attention. Basis of Independont examln•rf¥ report We have examined your company financial slalemenls as required und8f seclion 65 of the Charities Aol and our examination was carried out in 8ccordanoe with the general Directions given by the Charity Commission for North8rn Ireland undef section 65{9}{b) of the Charilies A¢1. An examination includes a ravi6w of Ihe accounling records kept by the company and 8 comparison of Ihe financial stalemonts psented with those records. It also Includes consideration of any unusual items or disclosures in the financial stalemenls and seeking explanalions from the directors concerning any such matlers. Th8 Procedures undertaken do not prov(de all the evidence thal would be requi in an audit and consequently no opinion is given as to whether the accounls present a 'lrue and fair, view and Ihe report is limited lo those mallers sel out in the slalemenl below. In connection with our examination. no matter has come to our 811ènlion which gives us cause lo believé that in, any maler¢al respect.. accounting records were not kept in accofdance wilh section 386 of Ihe Companies Act 2006 the financial slalements do not accord with Ihose accounling records the financial slalements have not beon prepared in accordance with the accounling requiremenls of Section 396 of the Companies Act 2006 and with the methods and principles of thè Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ifeland IFRS102> there is further infomialion needed for a proper understanding of the accounts lo be reachod. Indepondent examlner's ststement We hav8 no concerns and have come across no other matters in connection with the examination lo whlch allonlion should be drawn in this report in order lo enable a proper understanding ol the financial sl8lemen15 lo be reached. D AoAkx + r, MCDO ALD O'NEILL & CO Chartered Accounlanls and Stalulory Auditors 5 Union Building5 Union Place Dungannon Co Tyrone BT70 1 DL Norihern Ireland Date: 25 June 2024
Coalisland & District Development Association IA Company Ilmllg¢1 by guaranlee, not havln9 a sharg capllal) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporallng an Income and Expondilure Account) for the financial year ended 30 April 2024 Unrostricted Funds 2024 Total Unrestricted Funds Funds 2024 2023 Total Funds 2023 Notes Incomlng R8sour¢es Activities lor generating furKIs Other income 107.260 6.603 107,260 5,503 112.438 3.477 112.438 3,477 Total Incomln9 resources 112,763 112,763 115,915 115,915 Resources Expended Raising lunds Other expendiluro 366,854 385 356,854 J86 109,837 109,837 Total Re$ourco8 Expènded 357,239 367,239 109,837 109,837 Nèt Incomlngloulgolng re80urce8 beloro transfers 1244,4761 (244,476) 6,078 6.078 Gross transfers behveen fvnds Net movement In fund8 for tho flnanclal ygar (244,476) 1244,4761 6,078 6,078 Reconclll8llon of fund8'. Total funds beglnnlng of th8 year 14 443,644 443,644 437.466 437.466 Total lund• at Ihe end of the yoar 199,042 199,042 443,544 443,544 The Slaloment of Financial Aclivilies includes all gains and losses recognised in the financial year. All income and expendilufe relate to continuing 8clivib&s. The notes pages 1110 15 foim pa(1 of Ihe financlal slalemenls
Coalisland & District Development Association {A company Ilmlted by guarant¢e. nol havlng a sharè eapltal) Company Number.. N1017957 BALANCE SHEET as al 30 April 2024 2024 2023 Notes Flxed Assets Tangible assets 66.782 67.762 Curronl ABsets Stocks Deblors Cash at bank and in hand 10 11 385 38,622 349,268 32,3BO 115.726 148.106 388,275 Credltors: Amounts falllng due wlthln one year 12 (15,B461 {12,493} Net Current As8ot8 132,260 375,782 Total A85et8 less Current Llabllltles 199,042 443,544 Fund8 General lund (unreslricled) 199,042 443,544 Total fund8 14 199,042 443,544 These financial slalemenls have boen prepared ID accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. For the financial year ended 30 April 2024 the company was enlilled to exemption from aLKlit under section 477 of the Companies Act 2006,. and no notice has been deposited under section 476. The dire¢lors confirm that the members have nol required the company to obtain 8n audit of ils fin8nual slaloments lor the financial year in question in acAx)rdance wilh section 476 of the Companies A¢1 2006. Th8 directors acknowledge Ihelr responsibilities for ensuring that the company keeps accounting records which cLJmply with section 386 and for preparing financial stslements which give a true and fair view of the state of affairs of the mpany as al the end ol the financial year and ol ils piofit and loss for th@ financlal year in accordance with the r6quiremenl$ of sections 394 and 395 and which olheNiso comply with the requiremenls of the Compani88 Act 2006 relating to finanGial Statements, 80 far a5 applicable to Ihe company. Approved by tho Board of Dlre¢tor8 and au¢hor180d for Issuè on 25 June 2024 and slgned on Its behalf by Pat O'Hanlon Dlrgctor The rw)tes on pages 11 10 15 fom) part of the fin8ncaal slalemenls 10
Coalisland & District Development Association {A company Ilmlted by guarantee, not havlng a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2024 GENERAL INFORMATION Coalis18nd & District Development Association is a company limited by guaf8nlee incorporated in Northern Ireland. The registered Offi of the company is 51 Dungannon Road. Coalisland, Co Tyrone, BT71 4HP, Northern Ireland which is also the principal pla ol business of the company Tho financial slalements have been presented in Pound (£) which is also the fvnctional curroncy of th8 company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The lollowing accounting poliues have been applied consislenity in dealing with items which are considefed m818rial in relation to the ¢hanty's financial stalemenls. Basis of preparatlon The financial slalemenls have been Pfepared on Ihe going concern basis undef the hislorical cosl conventron, modified lo include certain items al fair v81ue. The financial slalemenls have been prepared in accordance with the Stalèmenl of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing Iheir accounts in accord8n¢e with the Financial Reporting Standard applicable in the UK and Republic of Iieland FRS 102" As permilled by the Companies Act 2006. the C¢)mp8ny has varied the sland31d formals in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formals are lo comply with Ihe qUIrementS ol the Charilies SORP and are In compliance with section 4.7, 10.6 and 15.2 of Ihal SORP. St8tom8nt ol ¢ompllancè The financi81 slalemenls of Ihe company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with Ihe Slalement of Re(x)mmonded Practice ISORPI "Accounting and Reporting by Chafilies Pfeparing their ac¢ounts in accofdance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" ash flow 8latement The company has availed of Ihe exemption in FRS 102 from the requirement to produc* a eAsh now slalemenl because it is classified as a small company. Fund accountlng The following are th8 calegorises ol fvn(Is maintained.. Restrlcted fund8 Reslricled funds are funds which are lo be used in a¢¢ordance with specific restrictions imposed by donors Of which have been raised by the group for particular purposes. The cost of ralsing and administering such funds are charged against the specific lund. Unre8trl¢tod fund8 Designated funds are unreslricled funds of Ihe group which the Directors have decided al their discretion lo sel aside for a Specific purposo. Incomlng Resources Volunlary income or capital is included in Ihe Slalement of Financial Actiwties when the company is legally entitled lo it, ils financial value can be quantified wilh reasonable cerlainty and there is reasonable certainty of ils ulliEr816 receipt. Enlillemenl lo legacies is considered 8slablished when the company has been notified of a distribution lo be made by lh6 execulors. Income reckived in advance of due perlomance under a conlracl is accounted for as defeiied income until earned. Grants for aclivilies are recognised as income when Ihe related conditions for legal entitlemenl have been mel. All other income is accounted for on an accrua15 basis. Resources Expended All resources expended are accounted for on an accruals basis. Charilable activities include costs of services and grants. support costs and depreciation on related assets. Costs of generating funds Similarly include fundraising activities. Non-slalf costs not allfibuted to one calegory of activity ale allocated or apportioned PfO- rata lo the staffing of the levant service. Finance. HR. IT and adminislralive slalf costs are directly allribulable to indivldual acliwties by objeclive. Governance costs are those associated with conslilulional and slalulory requiremenls. 11
continued Coalisland & District Development Association IA Company Ilmllgd by ouaranloo, not havlng a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2024 Tangltslo flxed a88et8 and depre¢latlon Tangible fixed assets are slated al CSt or at valuation. lèss accumulated depreciation. Tho charge lo depreciation is calculated lo write olf the original cost or valuation ol tangibl8 fixed assets, less their estimated re5Ual value. over their expected useful lives as follows.. Land and buildings freehold Plant and machinery Fixtures. fillings and equipmenl 5% Straight line 200/0 Slraighl line 20Yo Slraighl line Debtor8 Debtors are recognised 81 the setllemenl amount due after any discount olfered. Prepayments are valued al th8 amount prepaid nel of any trade discounts due. Income recognised by the company from government agencles and other co-fvnders. but not yel received at year end, is included in debtors. Cash at bank and In hand Cash al bank and in hand comprises cash on depo$it al banks iequiring less than three months noti¢e of withdrawal. Taxatlon and doferred taxatlon No Cufrent Qf deferred laxalion arises as the compeny has been granted chafilable exemplion. Irrecoverable V81ued 8dd8d tax is expensed as incurred. Delerfed lax is recognised in respect of all liming differences Ihal have originated but not reversed 81 the balance sheet date where transactions or events have OCCUfred al that dale Ihal will re8uII in an obligation lo pay more lax in the future. or a right to pay less tax in the future, Timing diffefences are temporary dillerences between Ihe company's taxable income and ils results as slated in the financial statements. Deferred lax is rne8sud on an undiscouftted basis at the lax rates Ihal a anticipated to apply in the periods in which the liming differences 8re expected to feverse. based on lax rales and law8 that have been enacted or subslaniively enacted by the balance sheet date. INCOME OTHER TRADING ACTIVITIES Unro8trl¢tod Restrlcted Funds Funds 2024 2023 Rental Income 107,260 107.260 112,438 OTHER INCOME Unrastrl¢lod R•¥trl¢ted Fund8 Funds 2024 2023 Other income 5,503 5,503 3,477 EXPENDITURE RAISING FUNDS Dlrocl Co8t8 Othor Cog18 Support Costs 2024 2023 Resour5 Expended 356,854 356,854 109,837 12
continued Coalisland & District Development Assoclatlon (A company Ilmllèd by guaran¢e&, not havlng a shar• capltal) NOTES TO THE FINANCIAL STATEMENTS for Ihè finarTrclal y6ar ended 30 April 2024 SUPPORT COSTS Cost of Ralslng Funds 2024 2023 Property Costs Depreciation Operating Costs Slalf Costs 22,494 980 282.316 51.064 22.494 980 282,316 51,064 21,672 1,423 49.013 37,729 J66,854 356,854 109.837 ANALYSIS OF SUPPORT COSTS Basls of Apportlonmont 2024 2023 Propety Costs Depreciation Opereting Co$1$ Staff Costs U$8ge Usage Usage Staff Time 22,494 980 282,316 51,064 21,672 1,423 49.013 37,729 366,854 109,837 NET INCOMING RESOURCES 2024 2023 Net Incomlng Re8ource8 are Stated after ¢h4rglngl(¢r&dltlng): Deprecialion of tangible assets 980 1,423 IhlVESTMENT AND OTHER INCOME 2024 2023 Bonk interest 2,376 664 EMPLOYEES ANO REMUNERATION Number of employees The average number of persons employeil (including executive direclorsl dunng Ihe financial year was as follow8.'3 2024 Number 2023 Number Adminislralion The staff costs comprise.. 2024 2023 Wages and salaries Pension costs 48,135 2,929 35,888 1,841 51,064 37,729 13
eonlinued Coallsland & District Development Associatlon {A company Ilmlled by guaranig9. not havlng a sharfr capltall NOTES TO THE FINANCIAL STATEMENTS lor the financial year ended 30 April 2024 TANGIBLE FIXED ASSETS Land and bulldlng$ freehold Planl and Flxluros. maehlnery Ilttlngs and oqulpment Total Cost AI 30 April 2024 2.323.450 10.827 131,115 2,465,192 Dopreclallon At 1 May 2023 Charge for the financial year 2.255,688 10.627 131,115 2,397,430 980 AI 30 April 2024 2,256,668 10.627 131,115 2,398,410 Net book value At 30 April 2024 66.782 66,782 At 30 April 2023 67,762 67,762 10. STOCKS 2024 2023 Finished goods and goods for resale 385 11. DEBTORS 2024 2023 Trade debtors Prepayments and accrued income 10,481 21,899 18,243 20,379 32,380 38,622 12. CREDITORS Amounts falllng due wlthln one year 2024 2023 Trade creditors Taxalion and social security costs Other credilors Accru818 and deferred income 1,052 3,112 313 11,369 520 8,290 938 2,745 15,846 12.493 43. RESERVES 2024 2023 Al the beginning of the yesr (Deficilllsurplus for the financial year 443.544 (244,5021 437,466 6,078 At Ihe end of the year 199,042 443,544 14
conlinued Coalisland & Dlstrict Development Assoclation IA company Ilmlled ljy guaranleo, not havlng a sharo ¢apilall NOTES TO THE FINANCIAL STATEMENTS for the financial year ènded 30 April 2024 14. FUNDS 14.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrostrlcted Funds Total Fund$ Al 1 May 2022 Movement during the financial year 437.466 6,078 437,466 6,078 AI 30 April 2023 Movemenl during ihe finanaal year 443,544 1244,5021 443,544 {244,502) At 30 April 2024 199,042 199,042 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balanee 1May 2023 Incomo Expondlturn Transfers botwgon lundg Balance 30 Aprll 2024 Unre8trlcted fundg G6neral 443.544 112,737 357,239 199,042 Total fund8 443,544 112,737 357,239 199,042 16. STATUS The company is limited by guafanlee nol having a share capital. The liability of the members is limited. Every member of the company undertakes lo contribute to the assets of the company in the event of ils being wound up while they are members. or within one year thereafter, for the payment of the debts 8nd li8bililies of th8 cnmpany conlfacted before they ceased to be members, and the costs, charges and expenses of winding up. and for the adjustment ol the righls of the conlribulors among themselves, Such amount as may be required, not exceeding £ 1. 15
COALISLAND & DISTRICT DEVELOPMENT ASSOCIATION IA company Ilmited by guarantoo. not having a shar¢ ¢apllall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 16
Coalisland & District Development Association (A company Ilmlt•d by guaranlots, not havlng a share ¢apll4 SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for th6 financial y82r ended 30 April 2024 2024 2023 Income 110,361 115,251 Cost of generallng funds Opening stock 385 385 386 385 {385} Closing stock 385 Gr088 gurplu8 109,976 115.251 Expgn$es Wages and salafies Slalf defined contribution pension costs Rates Insurance Light and heal Repairs and mainlenance Printing. postage and slalion8ry Advertising Telepl)one Travelling and entertainment Legal and profes$lonal Consullaney fees Ac¢ounlan¢y Bank charges Bad debts General expenses Subscriptions Doprecialion 48,135 2,929 971 21,623 16,565 241,094 235 120 373 4,476 380 7,000 2,150 322 8.641 330 630 980 35,888 1,841 811 20,861 9,830 21.988 295 429 3,988 1,444 7.000 2,150 282 1.174 349 84 1,423 356,854 109,837 Mlscgllaneous Income Bank interest 2,376 664 Net (dellcltllsurplu8 {244.5021 6,078 The supplementary infomalion d$ not lom part ol the financial statements 17