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← Coalisland & District Development Association

2025-04-30-accounts

Company Registration Number: NI017957 Charity Number: NIC105759

Coalisland & District Development Association (A company limited by guarantee, not having a share capital) Annual Report and Unaudited Financial Statements for the financial year ended 30 April 2025

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; McDonald O‘Neill & Co

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‘Chartered Accountants 5 Union Buildings — Union Place . — Dungannon BT70 1DL

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) CONTENTS

Coalisland & District Development Association
(A company limited by guarantee, not having a share capital)
CONTENTS
Page
Reference and Administrative Information 3
Directors' Annual Report 4-6
Statement of Directors' Responsibilities 7
Independent Examiner's Report 8
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements 11-15
Supplementary Information relating to the Financial Statements

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) . REFERENCE AND ADMINISTRATIVE INFORMATION

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Directors

Pat O'Hanlon Mr J Corr P McGirr

Company Secretary Samuel Walker (Appointed 26 June 2024) Michael Plunkett Daly (Resigned 25 June 2024) Charity Number in Northern Ireland NIC105759 Company Registration Number NI017957 | Registered Office and Principal Address 51 Dungannon Road Coalisland Co Tyrone BT71 4HP Northern Ireland

_ Independent Examiner

McDonald O'Neill & Co Chartered Accountants 5Union UnionPlaceBuildings Dungannon BT70 1DL

Principal Bankers

First Trust Bank 18-20 Scotch Street Dungannon Co Tyrone BT70 1AZ

Solicitors

Francis J Madden 14 The Square Coalisland Co Tyrone BT71 4LN Northern Ireland

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) | DIRECTORS" ANNUAL REPORT for the financial year ended 30 April 2025 | The directors present their Directors' Annual Report, combining the Directors’ Report and Trustees’ Report, and the unaudited financial statements for the financial year ended 30 April 2025. | The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). | The Directors' Report contains the information required to be provided in the Directors’ Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the company are also charity trustees for : the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the directors of Coalisland & District Development Association present a summary of its purpose, governance, activities, achievements and finances for the financial year 30 April 2025. | The company is a registered charity and hence the report and results are presented in a form which com lies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. Structure, Governance and Management Structure | Coalisland & District Development Association is a company limited by guarantee and does not have a share capital. It is governed by its Memorandum and Articles of Company. It is recgonised as a charity by HM Revenue & Customs. | Board of Directors Directors are appointed or re-appointed at the annual general meeting, not more than fifteen months must lapse between the date of one AGM and that of the next. | The Board of Directors are listed on page 3. The board meetings are held on a bi-monthly basis. The directors agree the board strategy and areas of activity. The day to day operations of the charity are handled by senior management and staff. The directors are not remunerated. Risk Management The directors have actively reviewed the major risks which the company faces and believe that achieving the desired level of tenancy occupation of their units, combined with the annual review of the controls over the key financial | systems, will provide sufficient resources in the event of adverse conditions. They have also examined other business and operational risks, which they face and confirm that they have established systems to mitigate significant risks. | Review of Activities, Achievements and Performance | | The statement of financial activities for the year is set out on page 10 of the financial statements. The net movement | in funds for the financial year is a surplus of £17,119 (2024 deficit £244,502). The Charity utilised the Government's Coronavirus Job Retention Scheme to assist with financial pressures during the Covid 19 Pandemic. | The main activities of the company are unchanged from the last year, as are the main funding sources, The main funding source is rental income. In the coming year the directors are committed to driving the company forward by retaining funding from current sources and trying to obtain additional funding from new sources. AtFinancialthe endResultsof the financial year the company has assets of £273,197 (2024 - £214,888) and liabilities| of £57,036 (2024 - £15,846). The net assets of the company have increased by £17,119. Reserves Position and Policy | The charity's policy is to retain a’ level of free reserves which matches the need of the company, both at the current time and in the forseeable future. Free reserves are those unrestricted reserves not invested in fixed assets, which are available for general use. | The directors are striving to secure reserves in the future sufficient to meet committed expenditure and the running costs of the charity for a period equivalent to 9 months annual expenditure, which equates to £117,305 (2024 £267,641). The directors believe that the period of 9 months is necessary in order that there is continuity of service . and will continue to work towards the implementation of this policy. At present the free reserves which amount to £149,874 (2024 £132,260) are sufficient to meet this level of spending. | | 4

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) | DIRECTORS’ ANNUAL REPORT | for the financial year ended 30 April 2025 The policy relating to reserves is reviewed annually. Reference and Administrative details Coalisland & District Development Association is registered with the Charities Commission NI: Charity Number NIC105759 as a company limited by guarantee and is registered with the Companies Registrar registration number NI17957. 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 prinicpal and registered office of the charity is also listed on page 3 together with the details of the the professional advisors and bankers. Directors The directors who served throughout the financial year, except as noted, were as follows: Pat O'Hanlon Mr J Corr P McGirr | | In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves fer re-election. The secretaries who served during the financial year were: Samuel Walker (Appointed 26 June 2024) | Michael Plunkett Daly (Resigned 25 June 2024) | Compliance with Sector-Wide Legislation and Standards | The company engages pro-actively with legislation, standards and codes which are developed for the sector. Coalisland & District Development Association subscribes to and is compliant with the following: | » The Companies Act 2006 . The Charities SORP (FRS 102) | Public Benefit | The committee believes that the charitable company provides a public benefit by providing training services for the acquisition and development of occupational skills and work experience to advance education and provide and maintain employment, especially for young people. In particular, the charitable company provides job skills courses and programs, aimed at getting people off the unemployment register. The committee is fully aware of the guidelines coming from the Charity Commission for Northern Ireland. The committee believes that is is operating entirely within those guidelines which have been released so far and it looks forward with confidence to the development of the charity's work in the province. Taxation | As a charity, the company is able to recover most tax deducted at source from its investment income and is not liable fordeductedcorporationfrom incometax on receivedits otherunderincomedeedor ofoncovenantcapital gains.or gift aid.Recovery is therefore made of tax etedlis and tax | Plan for future periods | The Charity has had to deal with a certain level of disruption as a result of the recent Coronavirus pandemic with some time to pay arrangements made with tenants. As the restrictions imposed begin to ease, the Charity anticipate a return to full service. Whilst the Board of Directors realise there may be an element of uncertainty during the difficult times, the Charity has maintained an overall healthy financial position and is therefore confident the Charity can continue to provide full service going forward. The Board of Directors will continue to plan for the delivery of consistent high quality standards in relation to achieving the objectives as detailed above. Collectively they will ensure that those charged with governance or management of the entity will be made aware of their responsibilities. The charity will demonstrate that it is using its resources to deliver charitable activity and therefore public benefit in the best possible way in these uncertain economic times. Resources will be managed in a cost effective manner. Expenditure will be strictly monitored and controlled without compromising quality of service. Management structures will be kept under review and monitored to ensure that good governance prevails and exposure of the charity to risk is minimised. | | Key Performance Indicators Given the straightforward nature of the business, the company's directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the business. |

Reference and Administrative details Coalisland & District Development Association is registered with the Charities Commission NI: Charity Number NIC105759 as a company limited by guarantee and is registered with the Companies Registrar registration number NI17957. 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 prinicpal and registered office of the charity is also listed on page 3 together with the details of the the professional advisors and bankers.

Senior management team Chief executive - R Thornton

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Manager - Melanie Campbell

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) DIRECTORS’ ANNUAL REPORT

for the financial year ended 30 April 2025

Small companies' exemption

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This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Approved by the Board of Directors on 24 June 2025 and signed on its behalf by:

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Pat O'Han Director

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) STATEMENT OF DIRECTORS' RESPONSIBILITIES

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for the financial year ended 30 April 2025

The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the net income or expenditure of the company for that period.

In preparing these financial statements, the directors are required to:

The directors confirm that they have complied with the above requirements in preparing the financial statements.

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 enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Board of Directors on 24 June 2025 and signed on its behalf by:

C } Pat O'Hanlon Director

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) ; INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF COALISLAND & DISTRICT DEVELOPMENT ASSOCIATION

We have examined the financial statements of the company for the financial year ended 30 April 2025, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes.

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our work, or for this report.

Respective responsibilities of directors and examiner

The company's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The company's directors consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required.

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It is our responsibility to:

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Basis of independent examiner's report

We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

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Independent examiner's statement

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mc . MCDONALD O‘NEILL & dy Chartered Accountants 5 Union Buildings Union Place Dungannon BT70 1DL

Date: 24 June 2025

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an Income and Expenditure Account) for the financial year ended 30 April 2025

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Total|Unrestricted|Total| |Funds|Funds|Funds|Funds| |2025|2025|2024|2024| |Notes|£|£|£|£| |Incoming|Resources| |Activities|for|generating|funds|3.1|115,934|115,934|108,956|108,956| |Other|income|3.2|57,106|57,106|3,781|3,781| |Total|incoming|resources|173,040|173,040|112,737|112,737| |Resources|Expended| |Raising|funds|41|155,921|155,921|356,854|356,854| |Other|expenditure|4.2|~|-|385|385| |Total|Resources|Expended|155,921|155,921|357,239|357,239| |Net|incoming/outgoing|resources|before|transfers|17,119|17,119|(244,502)|(244,502)| |Gross|transfers|between|funds|-|-|-|-| |Net|movement|in funds|for the|financial|year|17,119|17,119|(244,502)|(244,502)| |Reconciliation|of funds:| |Total|funds|beginning|of|the|year|14|199,042|199,042|443,544|443,544| |Total|funds|at|the|end|of the|year|216,161|216,161|199,042|199,042|

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The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.

The notes on pages 11 to 15 form part of the financial statements

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| Total funds 14 216,161 199,042 | These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Coalisland & District Development Association

(A company limited by guarantee, not having a share capital) Company Number: NI017957 BALANCE SHEET

as at 30 April 2025

2025 2024
Notes £ £
_ Fixed Assets ;
Tangible assets 9 75,502 66,782
Current Assets
Debtors
Cash at bank and in hand		 10 44,935
152,760		 32,380
115,726
197,695 148,106
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Creditors: Amounts falling due within one year 11 (47,821) (15,846)
Net Current Assets 149,874 132,260
Total Assets less Current Liabilities 225,376 199,042
Grants receivable 12 (9,215) -
Total Net Assets 216,161 199,042
Funds
General fund (unrestricted) 216,161 199,042
Totalfunds 14 216,161 199,042

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance 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 applicable to the company.

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Approved by the Board of Directors and authorised for issue on 24 June 2025 and signed on its behalf by
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Pat O'Hanlon
Director
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grThe notes on pages 11 to 15 form part of the financial statements 10

Coalisland & District Development Association (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 April 2025

  1. GENERAL INFORMATION

Coalisland & District Development Association is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is 51 Dungannon Road, Coalisland, Co Tyrone, BT71 4HP, Northern Ireland which is also the principal place of business of the company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

  1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation © The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102".

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As permitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.

Statement of compliance

The financial statements of the company for the financial year ended 30 April 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102".

Cash flow statement The company has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement because it is classified as a small company.

Fund accounting

The following are the categories of funds maintained:

Restricted funds : Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the company.

Unrestricted funds

Unrestricted funds consist of General and Designated funds.

» General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the company. « Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund.

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Incoming Resources Income is recognised by inclusion in the Statement of Financial Activities only when the company is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the company.

Income from charitable activities

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income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the company. Income from government and other co-funders is recognised when the company is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors.

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 April 2025 Grants from governments and other co-funders typically include one of the following types of conditions:

» Performance based conditions: whereby the company is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the company is meeting the core objectives of a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as income.

«Time based conditions: whereby the company is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the company recognises the income to the extent it is utilised within the period ‘specified in the agreement.

In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the company is notified of entitlement.

Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier.

Resources Expended

Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the company but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold - 5% Straight line Plant and machinery - 20% Straight line Fixtures, fittings and equipment - 20% Straight line

Debtors

Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other co-funders, but not yet received at financial year end, is included in debtors.

Cash at bank and in hand

Cash at bank and in hand comprises cash on deposit 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 granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable income and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. INCOME
3.1 OTHERTRADING ACTIVITIES Unrestricted Restricted 2025 2024
Funds Funds
£ £ £ £
Othertradingactivities 115,934 ~ 115,934 108,956

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Coalisland & District Development Association _ (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2025

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3.2 OTHER INCOME Unrestricted Restricted 2025 2024
Funds Funds
£ £ £ £
Other income 57,106 - 57,106 3,781
4. EXPENDITURE
4.1 RAISING FUNDS Direct Other Support 2025 2024
Costs Costs Costs
£ £ £ £ £
Raising funds ~ - 155,921 155,921 356,854
4.2 OTHER EXPENDITURE Direct Other Support 2025 2024
Costs Costs Costs
£ £ £ £ £
Other expenditure - - - - 385
4.3 SUPPORT COSTS Cost of 2025 2024
Raising
Funds
£ £ £
Depreciation 495 495 980
Staff Costs 1,547 1,547 51,064
Operating costs 128,659 128,659 282,316
Property Costs 25,220 25,220 22,494
155,921 155,921 356,854
5. ANALYSIS OF SUPPORT COSTS
Basis of 2025 2024
Apportionment £ £
Depreciation
Staff Costs		 Usage
Salaries,		 wages and related costs 495
1,547		 980
51,064
Operating costs Usage 128,659 282,316
Property Costs Usage 25,220 22,494
155,921 356,854
6. NET INCOMING RESOURCES 2025 2024
£ £
Net Incoming Resources are stated after charging/(crediting):
~ Depreciation oftangible assets 980 980
Amortisation ofgrants receivable (485) -
7. INVESTMENTAND OTHER INCOME 2025 2024
£ £
Amortisation of capital grants received 485 .
Bank interest ‘ 2,551 2,376
3,036 2,376

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2025

  1. EMPLOYEES AND REMUNERATION

Number of employees

The average number of persons employed (including executive directors) during the financial year was as follows:

2025 2024
Number Number
Administration 3 3
The staff costs comprise: 2025 2024
£ £
Wages and salaries 45,657 48,135
Pension costs 1,547 2,929
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47,204 51,064
9. TANGIBLE FIXED ASSETS
Land and Plant and Fixtures, Total
buildings machinery fittings and
freehold equipment
£ £ £ £
Cost
At 1 May2024 2,323,450 10,627 131,115 2,465,192
Additions 9,700 - - 9,700
At 30 April 2025 2,333,150 10,627 131,115 2,474,892
Depreciation
At 1 May2024 2,256,668 10,627 131,115 2,398,410
Charge for the financial year 980 - - 980
At 30 April 2025 2,257,648 10,627 131,115 2,399,390
Net book value :
At 30 April 2025 75,502 - - 75,502
At30 April 2024 66,782 - : 66,782
10. DEBTORS , 2025
£		 2024
£
Trade debtors 16,315 10,481
Prepayments and accrued income 28,620 21,899
- 44,935 32,380
11. CREDITORS 2025 2024
Amounts falling due within one year £ £
Trade creditors 32,222 1,052
Taxation and social security costs 8,730 3,112
Other creditors 306 313
Accruals and deferred income 6,563 11,369
47,821 15,846

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2025

12. GRANTS RECEIVABLE 2025 2024
£ £
Capital grants received and receivable
Increase in financial year 9,700 -
Amortisation
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Amortised in financial year		 (485) -
Net book value
At 30 April 2025 9,215 -
13. RESERVES
2025 2024
£ £
At the beginning ofthe year 199,042 443,544
Surplus/(Deficit) forthe financial year 17,119 (244,502)
At the end ofthe year 216,161 199,042
14. FUNDS
14.1. RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Total
Funds Funds
£ £
At 1 May2023 443,544 443,544
Movement during the financial year (244,502) (244,502)
At 30 April 2024 199,042 199,042
Movement during the financial year 17,119 17,119
At 30 April 2025 216,161 216,161
14.2 ANALYSIS OF MOVEMENTS ON FUNDS :
Balance Income Expenditure Transfers Balance
1 May between 30 April
2024 funds 2025
£ £ £ £ £
Unrestricted funds
Unrestricted General 199,042 123,525 , 106,406 - 216,161
Totalfunds 199,042 123,525 106,406 - 216,161
  1. STATUS

The company is a company limited by guarantee not having a share capital.

The liability of the members is limited.

Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one financial year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1.

There have been no significant events affecting the Charity since the financial year-end.

  1. POST-BALANCE SHEET EVENTS

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COALISLAND & DISTRICT DEVELOPMENT ASSOCIATION (A-company limited by guarantee, not having a share capital)

SUPPLEMENTARY INFORMATION

RELATING TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025

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Coalisland & District Development Association (A company limited by guarantee, not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 30 April 2025

2025 2024
£ £
Income 120,489 110,361
Cost ofgenerating funds
Opening stock andwork-in-progress		 “ 385
- 385
Gross surplus ; 120,489 109,976
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Expenses
Wages and salaries
Staff defined contribution pension costs		 45,657
1,547		 48,135
2,929
Rates 1,579 971
Insurance 23,641 21,523
Light and heat
Repairs and maintenance
Printing, postage and stationery
Advertising.
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Telephone
Travelling and entertainment
Legal and professional		 11,261
55,496
267
140
377
3,938
3,631		 16,565
241,094
235
120
373
4,476
380
Consultancy fees
Accountancy
Bank charges
Bad debts		 7,000
2,150
288
(3,755)		 7,000
2,150
322
8,641
General expenses 519 330
Subscriptions
Surpluses/deficits on disposal		 ofintangibles 1,690
(50,000)		 630
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Depreciation 980 980
106,406 356,854
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Miscellaneous income
Amortisation of capital grants received 485 -
Bank interest 2,551 2,376
3,036 2,376
Netsurplus/(deficit) 17,119 (244,502)

a a The supplementary information does not form part of the financial statements

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