Coalisland & Dlstrict Dovelopment Associatlon {A company Ilmltod by 9uar•nM nothavlng 4 8harn capal) DIRECTORS. ANNUAL REPORT lor lh& finan¢ial year eThJed 30A 2024 T1 directors present their Difeclors. Amual Report ecnbiThng Ihg Direeth, Report Trnste8s' Report, 8Th1 the unawkted financial stai£mènts for tho f¥wAal year erd 30Pyrf 2024. The financial statements are wwrod in accordance wlh the Companies Act 2006, FRS 102 Tr Financial Repoitir¥J St8nd8rd appltcable in the UK 8nd ReplIC of Ireland" arKI AcctyJntkYJ arKI Rewrting by Charilles.. Slalement of Recomrnended Practice appl to ¢hariti8s weparmg their financial slaiem8Dts in accordance with thg Financi81 ReportK¥J Starthnl applKak in th8 UK and Repubhc of Ireknnd (FRS 102). The Direrlors. Report wntains the Infonnati rw4uired to be prothl in Ihe Direct(¥s' Annual Report under lh8 atement of Recoft Prath'c8 (SORP} guiddines. The diredofs ol ts c4)mpary also charity trustees for tho purposé of charity and the C#)n$tst are knfwn mwnbws of thg board of trusiee5. govemance, actrvths. achi8Veme$ WKI for the finarwl year 2024. T1 company a le318d tharity arnl heft Ihe rer•Jl aThJ rnssJ%s are presented tn a fomi which cornplles the requiffjmenls of the Companw Act 2(XJS arvJ. altlW rtt)t oblipd to mplY 7th the Statement of Rec(xnmerKled Practtce apph'c4ble in Ihe UK and ReC of Ifelar•J FRS 11r2. the offaanisation has iMeMented its recommendation$ wtrwe relevant in these fin8naal slatanents. Structur4 Gov•rn¥n¢• •nd Mang•m&ftt Structuro coall51aj & Dislfict DeNBlowenl AssoGiatK)n is a c4Jmpany limited by gUate8 and does rd havo a share c8pllaL 11 18 9thmed by Memornrnlum ATIKles of Cinp8ny. It 15 recms as 8 charity by HM Revenue & Cu8tL¥ns. Board of Dlrettor8 Directors are appolnted or Tr4ppoknt8d at Ihe annvd rnee1r. more than fifteen montrs must lapse bewn the date of one AGM and that of Ihe noxi Board of Dlredots afo 118ted on p&Je 3. The boaTd ThtINJ$ ar6 hekl on a bHnExthly basis. Tho direth>rs agfee Ihe bowd stralegy and areas ol aclimty The to day operati¥ ol the dlIty am harthd by senior managwnenl and 8tsff. The dife¢iors a not remun8fat&S. Rlsk Manag•m•nt The difeclors have acknpty fW•iewed tho major rssks vhmch the fxes and beline that athv¥¥J thè dèsired l&vel ofitnanGy occupation oflheir combfftedwilh the 8Mual revivw Of ¢th)tr01s overthe key fin8noal syslems. will provide sufficient resowce8 in the event of •Jverse coTrlitions. They have also examir£d otlw bu$ine8s aTrJ operational risks. whleh they face and u)nfimi that Ilw have ¢$191)ed systems to mitigate strant risks. Revlw of A¢tlvillw A¢hl•v¢mfrnts and Perforn The statement offin8neid 8cliws for thé yaar set J1 on page 10 ofthe finanelal statements. Tho net movanenl in funds for the fincIal year is a q244.502) P023 £6,078). mtrn acbvities of tho ¢c¥npany arè urtharyed fr<n the lost yeaf. AS are Ihe m8in fundlng sowces. Th8 main funding source is rental in(>xne. In tho cnIng year the direclorn are commiiled to drivin9 tho rAJrrwy fomaftl by relaintNJ fvndiry from Qjffent sou88 and trng to cthn a(IdiiK)nal fuThSiro fr(yn s(wees. Flnanclal Rè8uIt• At the end ol tha financial year the c<Mnpany has assets of £214.888 (2023- £456.037) 8rKI liable$ of £15,846 (2023 - £12.493). The net assets of the company have deueased by £(244.502). R•som8 Posltlon and Polky The charity's lo retair a re1 oftree reseryes matches the ofthe ethyny, both 8t the current t#ne and In Ihe Iofeseeabfe futu Free rese aro those ufir¢Stri¢t feseThtt not inv8Sted in fixod assets. vthi¢h are available for gener81 u8e. The directors ar¢ striviTrJ to secure rese in Ihe ftrture sulfioenl to meel comrnilled expeTrYitUfe and the running costs olthe charity for a perifyj equir4lenl to 9 months annual expenditure, which equates lo £267.641 (2023 £82,378). The diRclors believe thal theper of9 monts i8 rcessary in order Ihat the is continulty ofserrfice and wili (x)ntlnue lo work tthVOTds Thpknentalts of this Wjlty. At wesent tho fro& reseTh wlwch amount to £132260 {2023 £375.782) are sufficMt to nxet Ihis level ofspeTr'ng. The pdrcy relatll to fesenms is re¥Md annu*.
Coalisland & District Develowent Assoclatlon
IA compw Ilmll•d by gu•rnnts•, not havlng a Sham PIlI
DIRECTORS. ANNUAL REPORT
forthe finanthl year ended 30 April 2024
Reterenca and Admlnlstrailvo dot8119
Coalis18nd & Oistsict D8velorthent Associakn Is reisiered ith Chaiits Commtssknn Nl.. Charity Numb&r
NIC105769 a5 a company lirnileil by guarantee and 1$ registered vAth tho Companios Registrar registration number
Nl17957. It is also rec4gThsed as a thty by HM Relen and Customs XT2235. The directors and secreiary ot thg
¢h8rity a listed on page 3. The prncipal and rwstered office ofthe ttsrty ts also listed on page 3 logetherwith the
detats ofthe professicm81 adviK4$ ancl bankers.
Dlrector8
Pal CYHanl
Mr. J Corr
P McGirr
Mr. Michael Pknikelt Ddy
Compllance wlth Sèetor4Vlde L•glslatlon •nd 8t¥ndard8
The company engages wtr8ctivelybith legislation. $land8rds and ¢od9s vthica) are devotwl for the s¢¢tor. Coali%land
& Dlslrlct Development As8ociation sthcribes lo and is compliant w¢h Ihe lolltmng..
Tha Comp8nTe$ Act 2
The Charities SORP {FRS 102)
Publlc Ben&fit
The ¢ommiik& tsIi&v8S Itl the thil>k MPo rAvAdes a pubk benefft by wovKliw tr8inwwJ seThi¢s for the
acqui$ltionaldeV¢1opMent0fQC¢UpaIIonal$k1al work ex¢6 to 8dV8rttedUcatic arwj provth and maintain
employmen( espe¢lally for yourrfJ wle. In p8rtAJlar. the cltsqritable company provides job skills COUf888 and
programs. oimed atgelts.ng people off the wwloymontregK8l. The c
Coalisland & District Development Assoclatlon IA company 1kn11od ty g¥ornn. not havlng a shar• upltslj DIRECTORS. ANNUAL REPORT fèr finandal yearanded Awil 2024 Small Gompanlgs. exemptlon Ihe Companies P¢t 20. Approvod ty th& Board d tXrn£tor• on 25 Jun• 2024 ¥nd olwed on Its be11 lry: Pat O, anlon Dlroctor