Coalisland & Dlstrict Dovelopment Associatlon
{A company Ilmltod by 9uar•nM nothavlng 4 8harn cap*al)
DIRECTORS. ANNUAL REPORT
lor lh& finan¢ial year eThJed 30A￿￿ 2024
T1￿ directors present their Difeclors. Amual Report ec*nbiThng Ihg Direeth, Report Trnste8s' Report, 8Th1 the
unawkted financial stai£mènts for tho f¥w￿Aal year er￿d 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 Rep￿lIC 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 le￿318￿d 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 Re￿C of Ifelar•J FRS 11r2. the offaanisation has iM￿eMented its recommendation$
wtrwe relevant in these fin8naal slatanents.
Structur4 Gov•rn¥n¢• •nd Man*g•m&ftt
Structuro
coall51a￿j & Dislfict DeNBlowenl AssoGiatK)n is a c4Jmpany limited by gUa￿te8 and does rd havo a share c8pllaL
11 18 9th*med by Memornrnlum ATIKles of Ci*np8ny. It 15 rec￿ms￿ 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 Th￿tINJ$ ar6 hekl on a bHnExthly basis. Tho direth>rs agfee
Ihe bowd stralegy and areas ol aclimty The to day operati￿¥ ol the d￿lIty am harth*d 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 ath*v¥¥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 s￿￿tr￿ant risks.
Revlw of A¢tlvillw A¢hl•v¢mfrnts and Perforn
The statement offin8neid 8cliw*￿s for thé yaar set ￿J1 on page 10 ofthe finanelal statements. Tho net movanenl in
funds for the fin￿cIal 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 c￿nIng year the direclorn are commiiled to drivin9 tho rAJrrwy fomaftl by
relaintNJ fvndiry from Qjffent sou￿88 and tr￿ng 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 liab￿l￿e$ 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 re￿1 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 r*cessary 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¥M￿d annu*.

Coalisland & District Develowent Assoclatlon
IA compw Ilmll•d by gu•rnnts•, not havlng a Sham ￿PI￿lI
DIRECTORS. ANNUAL REPORT
forthe finanthl year ended 30 April 2024
Reterenca and Admlnlstrailvo dot8119
Coalis18nd & Oistsict D8velorthent Associakn Is reisiered *ith Chaiit*s 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 th￿ty 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 wtr8ctivelyb*ith 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 It￿l the th*il*>k ￿MPo￿ rAvAdes a pubk benefft by wovKliw tr8inwwJ seThi¢*s for the
acqui$ltiona￿ldeV¢1opMent0fQC¢UpaIIonal$k1￿al￿ work ex￿￿¢6 to 8dV8rttedUcatic￿ arwj provth and maintain
employmen( espe¢lally for yourrfJ wle. In p8rt*AJlar. the cltsqritable company provides job skills COUf888 and
programs. oimed atgelts.ng people off the wwloymontregK8l￿. The c<Jrrniittee is fvjlly aw8re of the guKlelines c(Yning
from the Charity Commission lor Noflhem Ireland. Th8 C￿￿mittee bdieves Ihat B is oFerating entirety wrthin those
guidelines whtch haNt be￿ re￿&se￿ so far and it ky)kn foward with cA)nr￿enCe lo Ihe development of the charity'8
work in the province.
T4x•don
As a charity. Ihe ￿r￿anY is able io le(￿￿*1 most tax ded￿￿ed at from its intswlment inc(m6 and is not liable
for corporaiion tsx on its in¢>Th ort)n capital gal￿ Re￿￿ery Is therefore made of tsx credits and lax deducted
from Inwne recelved under deed of coNEnant orgrft
Plan lor futuro b*rfod8
The Chanty has had lo deal with a certain levd oftSsn4>tion as 8 result ofthe re¢￿t Coronavlus parthmic wth some
time io pay arfar4Jements mado wAh tenants. As the restricti￿ impos&J begln to ease. ts Charity anticipate a retum
to full seryic£. lthllst the Board ol Dir￿tOrS ro￿lSe ther¢ may b& an element of uncertainty dunng the diffi¢)Jll limes.
Ihe Charity has malntslned an ohprall t￿lIhY fmanclal positbn ar¥J is ￿refore ¢onfKlenl the Chanty can continue lo
prnv￿* full s8Thlce going fopw8Td. The Boa￿ of Dredots I￿11 contsnue to plan for the delNery ofeonsislent hwh Quality
starth(ds kn relatk)n to achiwrvJ the as dela(￿ above. Coll&li%*ty witl ensure that those charged with
govtrnarKe or Managw￿*t ofthe entity wil t* made ••Afe oftheir fesponsitslilies. Th¢ rtharity wlS demonslr8le thel
it Is using its resour￿ to dell¥er chwitabkn athly and tlwekn wblic be￿ffit in Ihe besl possbl& way in the
R6souTc*s will b6 man8ged in a cost èftecb'%* mannar. Expondblurè wdl bè stnctly monrtoreil and LyJntrolled WFlhoLrt
compromi8tng qualty of 8e1w￿. Manag6Ynent strudures will be kepl ￿der review and n￿Tht0[ed lo ensure Ihat good
govem&n¢e prevaws and exposure ofir* ch•rity to risk is minimlsed.
K•y p•rforrfj•nce Indk•tor•
Given the slraighlfornard nattwe of the ttttsiness. ￿ crMpan￿S directtirs afe ofthe 0￿"n￿n that an8￿31& USw￿ KP18 Is
Senlor management team
Chi8fexe¢u¢ive- R Thomton
Manager. Melanig Campbell

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 be￿11 lry:
Pat O,
anlon
Dlroctor