COMPANY REGISTRATION NUMBER: N1034301 CHARITY REGISTRATION NUMBER: 106660 Kille%her CommLinity Development Association Company Limited by GLiarantee unaud.ited Financial Statements 31 DeLeinber 2024 FR_A_NCIS 1vlcfuR_RAy AND CO .harlei-ea Certi¥iied ALcountants 71 PviO5.'":ai Road lletierbreei. LriniskillL?n Ferrriasiagh BT74 9DZ
Killesher Community Development Association Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Pages Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees 1 to3 Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 7t014
Killesher Community Development Association Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 The IrusteLs, who are also the directors for the purposes of company law, present their report and the unaLJdited financial statements of the charity for the year ended 31 December 2024. Chair's I'eijort The purposes of our organisation is the promotion for the public benefit of rural regeneration in the Killesner Parish of County Fermanagh and Its environs (area of benefit) being an area of social and econoinic deprivdlion, by all or any of the following means.. 1. the relief of poverty in such ways as may be soiighl lil 2. the relicf of unemployment 3 the advancement of education, training or retraining 4. facilitating the provision of housing for those who are in conditions of need 5. the maintenance, iinprovemenl 01 provision of public aryienities 6 the preservation of buildings or sites of historic or arcliilectLiral iiiiportance 7. the provision of recreational facilities for the public at large 8. the protection or conservation of the environment 9. the provisior) of public health facilities and childcare. KCDA is u Lross community group with a management committee that is drawn equally from both corriniunilies. The Association's efforts focLlS on improving the quality of life of the local population of Killesher Pdiish by regenorating the area Ilirougli the provision of social and physical services, Infraslruclurdl improvements and opportu nities for economic development. KCDA carries out its purpose Ihroliyli its involvement in a large and varied number of rural regeneration and community developmeni projects and the facilitation of a wide range of social, recreationa1, educational and heallh-rel.alea activities and events which take place at the Larganess Centre- a neutral meeting space '.vhich is 01)eri to all members of the local cominu nily The Larganess Centre is a regular meeting place lor rfg:y user groups such as Toddle Tols Parent and Toddler group, The Mill Club for senior citizens, Killosqei Hisiocical Society, Killeshei Farmers, Group and Killesher Community Development Assuciaiion. Refererice aiid adinin istrative details Registered charity name Killesher Community Development Association Lharity rLgiStfdtion nuniber 106660 Compaiiy ro£Jistration number N1034301 Prir)CiPdl office and registered 28 Mill Road off iLe Tully Florencecourt Enniskillen BT92 1 DB
Killesher Community Development Association Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (confinued) Year ended 31 December 2024 The trustees Miss Nailin Mcmanus Mr Patrick Drumm Mr James Wilson Mr James Corrigan Mrs Rosemary Armstrong Mrs Muriel Scott Mr Sean Corrigan Mr Aidan McGovern Mr David Coffey Mr John Cunningham Mr David Sheridan Nailin Mcmanus Patrick Gabriel Drumm James Wilson James Corrigan Rosemary Armstrong Mu riel Scott Sean Corrigan Aidan McGovern David Coffey John Cunningham David Sheridan Independent examiner Francis Mcmurray and Co Structure, governance and management The charity is run by committee, and has a governing document, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. There are no remunerated employees within the organisation. Objectives and activities The objective of the organisation is the promotion and benefit of the community in the Killesher parish of Co Fermanagh, through the provision of facilities and community development. Achievements and performance The charity has been able to secure its funding for the forseeable futLJre thereby allowing its continued existence for the years to come. Financial review Having obtained funding from various sources together with public and private donations, the organisation has been able to maintain sufficient cashflow to continue normal opeartions.
Killesher Community Development Association Compaiiy Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2024 Smdll compaiiy provisions -rhis report has been prepared in accoidance with the provisions applicable to companies entitled to Ihe small coinpanies exemption. The trustees. annual report was approved on 25 September 2025 and signed on behalf of the board of ruslees by l Y(P//y ,,liss Nailin lLmani[S rruslee Mr atrick Drumm Trustee
Killesher Community Development Association Company Limited by Guarantee Independent Examiner's Report to the Trustees of Killesher Community Development Association Year ended 31 December 2024 I report to the trustees on my examination of the financial statements of Killpsher CommLinily Development Association I'the charity'} for the year p.nded 31 December 2024. Responsibilities and basis of report 'Respective responsibilities of trustees and examiner, As the charity's trustees of the company (and also its directors for the purposes of company lawl YOLI are responsible for the preparation of the accounts in accordanGe with the requirements of Ihp. Companies Act 20061'the 2006 Act'l. Having s31isfied myself that the accounts of the c,'ompany are nol required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 65 of (he Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission for Northern I reland under section 6519) (bl of the 2011 Act. Independent examiner's statement 'Independent examinerfs statement, I have completed my examination. I confirm that no matters have come to my allenlion In connection with the examination giving me cause to believe.. 1 . accounting records were not kept iii respect of Ihe Company as required by section 386 of the 2006 Act, or 2. the accounts do not accord with those. records, or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is nol a maller considered as part of an independent examination, or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no concerns and have come across no other matters in connection with the ex8minalion lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached "'J kol Francis Mcmurray and Co Independent Examiner 71 Moybane Road Letterbreen Enniskillen BT74 9DZ 25 September 2025
Killesher Community Development Association Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Iiicorne (Iiid endowments Donations dnd legacies Ch&.rilable activities OtmLJr incomL. 85,370 85,370 24,410 1,600 3,370 23.069 1,600 24,410 1,600 Total incon)e 26,010 85,370 111,380 28,039 Expenditure Lxpendilure on charitable activities 24,621 87,426 87,426 112,047 112,047 34,003 34,003 Total expenLlitii re 24,621 Net exper)diture and net movement in funds 1.389 (2,0561 1667) 15,9641 Reconciliation of funds -lola1 furids brJLighl forward Tota I f u lids Larried forward 122,726) 121,337) 450,268 427,542 433,506 448,212 426,875 427,542 The slalernep.t of financial activities includes all gains and losses recognised in the year. All iiiLoiiie and expenditure derive from continuing activitiLs. The noios on pages 7 to 14 forTn part of these financial statements.
Killesher Community Development Association Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets 14 438,437 444,646 Current assets Cash at bank and in hand 29,708 76,096 Creditors: amounts falling due within one year Net current liabilities 34,339 83,294 (4,631) 433,80n (7,1981 437,448 Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets 6,931 9,906 426,875 427,542 Funds of the charity Restricted funds U nrestricted funds 448,212 121,3371 426,875 450,268 (22,7261 427,542 Total charity funds 19 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in q uestion in accordance with section 476, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 25 September 2025, and are signed on behalf of thp bo¢ird by.. Miss Nailin Mcmanus Trustee Mr Patrick Drumm Trustee The notes on pages 7 to 14 form part of these financial statements.
Killesher Commuiiity Development Association Company Liinited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General information ThL chai'ily is a public benefit entity and a private company limited by guarantee, registered in Nortlierii Ireland and a registered charity in Northern I reland. The address of the registered office is 28 Mill fioad, Tully, Florencecourl, Enniskillen, BT92 1DB. StaternLnt of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Repoiliiig Standard applicable in the UK and the Republic of Ireland., the Statement of Recominended Practice applicable to charities preparing their accounts in accordance with the Financi"41 IReporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORI) IFRS 1021} and the Companies Act 2006 Accountiiig policies Basis of preparation ThLJ fin¢incial slalemenls have been prepared on the historical cost basis, as modified by the ievalualion ot certain financial assets and liabilities and investment properties measured at fair valLie Ifiroug h income or expenditLJre. The findncial statements are prepared in sterling, which is the functional currency of the entity. Goiiig coiicern There are no material uncertainties about the charity's ability to continue. Discltssure exemptions The enlily satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advailtdge has been taken of the following disclosure exemptions available under paragraph 1.12 ol fRS 102.. lal No cash flow statement has been presented for the company. JudgeiiiLllts and key sources of estimation uncertainty The prepdration ol the financial slaternenls requires tyianagement to make judgements, estimates (Ind assumptions that affect the amounts reported These estimates and judgements are coniinually reviewed and are based on experience and other factors, including expectations of fulurn evenis thai are believed to be reasonable under the circurnstances. Funil aLcounting Unrestricted funds are available fur USE al the discrelion of the trustees to further any of the chdriiy's purposes. Designaled funds are unreslricled funds earmarked by the trustees for particular future project or coiiiinitment. ResiriLied funds are subjected lo reslriclions on their expenditure declared by the donor or Ihrough the lerins of an appeal, and fall into one of two sub-classes.. restricted income funds or endoivrTienl funds.
Killesher Community Development Association Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated wilh the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income. income from donations or grants is recognised when there is evidence of entitlement lo the gift, receipt is probable and its amount can be measured reliably legacy income is recognised when receipt is probable and entitlement is established income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost lo the cionor or the estimated resale value. Donated facilities and services are iecognised In the ac.counts when received if the value can be reliably measured. No amounts are inc,luded for Ilie contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of (he contracted service. This is classified as unreslricled funds ijnless there is 8 contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expeiidiiu re includes any VAT which cannot be fully recovered, and is classified under headings of Ihe statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, p.on- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in underlakinq activities that further its Gharilable aims for the benefit of its beneficiaries, including those support costs and costs relating to the. governance of the charity apporlioiied lo charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable aclivilies. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consi8lenl bas is Tangible assets Tangible assets are initially recorded al cost, and subsequently stated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accum Lilated impairment losses.
Killesher Community Development Association Coimpariy Limited by Guarantee Notes to the Financial Statements IcoKfrÉir3ued) Year ended 31 December 2024 Accountii)g policies (continued) Tang ible assets (toiitinuedj An iiicrèase In the carrying amount of an asset as a result of a revaluation, is recognised in other recogiiised gains and losses, unless it reverses a charge for impairment that has previously been recoynised as expenditure with in the statement of financial activities. A decrease in the carrying ar710unl of an asset as a result of revalualiori, is recog nised in other recognised gains and losses, excepi 10 which it offsets any previous revaluation gain, in which case the loss is shown within other recog nised gains and losses on the statement of financial activities. Deprecicltion Depreciation is calculated so as lo write off the cost or valuation of an asset, less its residual value. over the useful economic life of that asset as follows.. Freeliold property Long leasehold property Shor I ILiasel)old properly FixtLires arid fillings 20/0 Straight line 2 % straight line 2'/¢J Straight line 20 /0 red uciNg balance Impairnieiit of fixed assets A review for indicators of impairryient is carried out at each reporting date, with the recoverable amounl being estimated where such indicators exist. Where the carrying value exceeds the recovLJrable dmount: the asset is impaired accordingly. Prior irnpairments are also reviewed for possible reversal al each reporting dale, For Ihe Hurposes of impaiiment testing, when it is not possible to estimate the recoverable amount ol an individual asset, ari eslimale Is made of the recoverable amount of the cash- geiieraiiiig unit to which the asset belongs. The cash-generating unit is the smallest identifiable groiip of dssets that includes the asset and geiierates cash Inflows that largely independent of the cash iiillows from other assets or groups of assets. For irTipairmenl testing of goodwill, the goodwill acquired in a business combination is, from the 8cquisilioii dale, allocated to each of the c2sh-generaling units that are expected to benefit from the syniJrgies of the combination, irrespective of whether other assets or liabilities of the charity are assitsr)ed to those units. GovernInent grants Govei niiierit graiits dre recognised at the fdir value of the asset received or receivable. Grants are Iiot recognised until there is reasonable assurance that the charity will comply with the condiliuiis aiiaching lo them and tlie grants will be received. 'IVli¢i"e lilL 9raril does not irnpose gpecilied future perlormance-related conditions on the recipieni. li is recognised in income wlien the grant proceed5 are received or receivable. Where Ilie graiiL does impose specified future performance-related conditions on the recipient, il is reLoiJnised in IncoiTie only when the perforryiance-related conditions have been met. Where granis Ilieived are prior to satisfying the revenue recognition criteria, they are recognised as a
Killesher Community Development Association Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 Accounting policies (continued) Financial instruments A financial asset or a financial liability is recogn ised only when the charity becomes a party lo the contractual provisions of the instrument. Basic financial instruments are initially recognisp.d at the amount receivable or P¢?y3ble inr,ludinq any related transaction costs. Current assets and current liabilities are subsequently measured al the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measijred reliably, the investment is subsequently measured at fair value with changp.s in fair value recognised in income and expenditure. All other such investments are subsequently me3sured at cost less impairment. Other financial instruments. including derivatives, are initially recognised at f31r value. unless payment for an asset is deferred beyond normal business terms or financed at a rate of Interest that is not a market rate, in which case the ass?.1 is measured at the present value of the fLilure payments discounted at a maiket rate of interest for a sim Ilar debt instrument. Other financial instruments are subsequently measured at fair value, wilh any chanqes recognised in the statement of financial activilies, with the exception of hedging In%lriJmenl% In a designated hedging relationship. Financial assets that are measured at cost or 8mortised cost are reviewed for obieplive evidencp of impairment at the end of each reporting dale. If there is objective evidence ol impairment, an impairment loss is recognised under the appropriate heading in the staleme.iil of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individLJally for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the. reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Limited by guarantee The company is limited by guarantee and the liability of any member is limited lo £1. 10
Killesher Community Development Association Compaiiy Limited by Guarantee Notes to the Financial Statements (contA17ued) Yedr endecl 31 December 2024 Doiiations and legacies Restricted Total Funds Funds 2024 Restricted Total Funds Funds 2023 Graiits Graiiis receivable type 1 85,370 85,370 3.370 3,370 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Ollier income from charitable activities type 1 24.410 24,410 23,069 23,069 otlier iiicorne Unreslricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Deposit ilesluaraNt Lease 1,600 1,600 1,600 1,600 Expei)ditu re on charitable activities by f und type Unrestricted Funds Restricted Total Funds Funds 2024 Activity lype 1 24,621 87,426 112,047 Unrestricted Funds Restricted Total Funds Funds 2023 Actikn'ily iyI:e 1 30,633 3,370 34,003 Expencl iture on charitable activities by activity type Activities undertaken Total fund5 directly 2024 Total fund 2023 Aciivily lype 1 112,047 112,047 34,003
Killesher Community Development Association Company Limited by Guarantee Notes to the Financial Statements (corjfinuedj Year ended 31 December 2024 10. Net expenditure Net expenditure is stated after chargingllcreditingl. 2024 2023 Depreciation of tangible fixed assets 14,019 14,019 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 750 750 12. Staff costs The average head count of employees during the year was Nil {2023'. Nill. No employee received employee benefits of more than £60,000 during the year12023. Nlll. 13. Trustee remuneration and expenses There were no remunoration or other benefits from employment with the charity or a related enlily were received by the trustees, for the year ended 31 December 2024, nor for the year ended 31 December 2023. 14. Tangible fixed assets Long Freehold leasehold property property Short leasehold Fixtures and User defined property fittings asset Total Cost At 1 Jan 2024 Additions 598,336 20,408 29,186 55,8.31 7,810 7,036 710,797 7,810 At 31 Dec 2024 598,336 20,408 63,641 7,n36 718,607 Depreciation At 1 Jan 2024 Charge for the year 203,452 6,528 9,348 46,823 266,151 11,966 408 593 1,052 14,01g At 31 Dec 2024 215,418 6,936 9,941 47,875 280,170 Carrying amount At 31 Dec 2024 382,918 13,472 19,245 15,766 7,036 438,437 At 31 Dec 2023 394,884 13,880 19,838 9,008 7,036 444,646
Killesher Community Development Association Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 15. Crediiors.. amounts falling due within one year 2024 2023 AccrLials and deferred income Social Sicurity and other taxes 32,230 2,109 82,253 1,041 34,339 83.294 16. Crediturs: arnounts falling due after more than one year 2024 2023 PaytTierils received on account Accrualb and deferred income 25,584 (18,653) 6,931 25,584 (15,6781 9,906 17. Deferred income 2024 2023 Al 1 J anLiary 2024 Amount released to income 32,230 (19,4031 12,827 32,230 29,502 At 31 DecL%mber 2024 61,732 18. Goverriinent grants The aiyiounts recognised In the financial statements for government grants are as follows.. 2024 2023 Recognised in creditors.. Delerred government grants due within one year Deferred government grants due after more than one year 32,230 {19.403) 12,827 32,230 116,4281 15,802 13
Killesher Community Development Association Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 19. Analysis of charitable funds Unrestricted funds Al 1 January 202 At 31 December 2024 Income Expenei Iliire General funds 122,7261 26,010 {2462_1) 1?.1,3371 At 1 January 202 Al 31 De.cembn[ 2023 Income Expendiiure General funds 116,762) 24,669 130,63,31 122,7261 Restricted funds At 1 January 202 31 Decembe.r 2024 Income Expenditure. Restricted Fund 1 desc in alcs 450,268 85,370 (87,4?61 448,?12 Al 1 January 202 3", D?.cenibor 2023 Income Expp.ndiliJre. Restricted Fund 1 desc in alcs 450,268 3,370 ,'3,.3701 450,?ti8 14