POMEROY RESOURCE LTD FENANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023
POMEROY RESOURCE LTD CONTENTS PAGE Officers Statement of Financial Activities Balance Sheet Notes to the Financial Statemcnts
POMEROY RESOURCE LTD OFFICERS COMMITTEE MEMBERS Christine Mcclean Beth Irwin Janine Buchanan Margarct Montgomcry Violet Rarnsey ACCOUNTANTS McKinney Dawson 28 Union Street C(KTrkstow Co Tvrone BT80 8NN BANKERS Ulster Bank Limited 39 Market Square Dungannon Co Tyrone BT70 IJJ SOLICITORS Millar, Shear¢r & Black 40 Molesiiorth Street Cookstown Co T)Tone
POMEROY RESOURCE LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Funds Restricted Funds Total Funds 31.12.23 Total Funds 31.12.22 Income Resources Donations and Grants Charitable Activities 21,577 21,577 2,884 21.237 2,539 2.884 Interest Receivable Other Income 2,285 2,285 2.090 Total Income i,169 21,577 26,746 25.866 Expended Resources Fundraising and Publicity Charitable Expenditure Cost of objectives Administration 11,197 8,475 11,197 (I 10,li3) 9,967 18,781 {l18:628) Total Expended (118,628) 19,672 (98,9i6) 28.748 Net Movement Before Transfers 123,797 1,905 125.702 (2.882) Transfers between Funds INet Movement in Funds 123.797 1,905 12i,702 (2,882) Reconciliation of Funds Total Funds Brought Forward {29,i21) {29:i21) (26.639) Total Funds Carried Forward 94.276 1.905 96,181 (29,521)
POMEROY RESOURCE LTD BALANCE SHEET AS AT 31 DECEMBER 2023 Note 2023 2023 2022 2022 FIXED ASSETS Tangible Assets (2) 66.991 76,718 CURRENT ASSETS Debtors and Prepa)Inents Bank" and Cash balances i.oio 28.630 788 24,641 25.429 {3) 29.640 CURRENf LIABILrrIES Crcth'tors due in one JeaT {4) 450 450 Net Current A5sets/(Liabilitie5) 29.190 24.979 96,181 101,697 CREDrroRS: AMOUIYTS FALLING DUE AFfER MORE THAN ONE YEAR (i) 131.218 96.181 (29,5?1) CAPITAL AND RESERVES Retained ReseTh'es (6) 96.181 {?9.5?1} We approve these accounts and ¢onfirni that Th'e ha made avaaable all relevant re¢ords and infonnation for their preparation. Signed on behalf of the Committee 13 Febnwv 2024 The noles on pages 6 and 7 forni part of these accounts tn accordance 1th the instructions girn to US V¥e PTepare(L ltIK)Ut catry4ng out an audit, the incom¢ and expenditure account and balance shcct of the Cjmup from th records, Urforntl0Th and explanations supplied to us. McKinnev Dawson 28 Umon Street Cook"stown Co Tyron¢ BT80 8NN
POMEROY RESOURCE LTD NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES The following accounting policies have been uscd consist¢ntlJ in dealing with itcms which are considered material in relats'on to the group's financial statements. (a) Basis of accounting The financial statem¢nts ar¢ prepared under th¢ historical cost convention. (b) Fixed assets Tangible fixed assets are stated at original cost. (c) Depreciation The cost of fixed assets are iNTitten off over the estimated useful lives of the assets at the following annual rates. Building Equipment Straight Line Reducing Balance 25% (d) Capital Grants Grants received or receivable are deferred and released over the useful life of the asset to Nthich thev relate. FIXED ASSETS BuildUS uipment Totsl Cost as at 1.01.23 Additions Disposals as at 31.12.23 217.303 15,184 232,487 217.303 15.184 232,487 Depreciation As at 1.01.23 Charge for peri Disposals As at 31.12.23 143.593 8.975 12.176 7)2 155,769 9,727 152.i68 12.928 165.496 NEf BOOK VALUE As at 1.01.23 73.710 3.008 76.718 As at31.12.23 64.73) 2.256 66,991
POMEROY RESOURCE LTD NOTES TO THE FINANCIAL STATEMENTS CASH IN BANK AND ON HANDS 2023 2022 Ulster Bank Ltd Business Reserve A¢Unt Ulster Bank Ltd Currcnt Account Ulster Bank Ltd Reserve Account Cash on Hand 11,771 16.740 119 11,388 13.239 14 28,630 24,641 CREDITORS DUE WITHIN ONE YEAR 2023 2022 CTeditors and Accruals 450 450 450 450 CREDITORS: AmOUs FALLING DUE AFTER MORE THAN ONE YEAR 2023 2022 Caprtal Grants 131,218 131,218 CAPITAL AND RESERVES Unrestricted Funds 2023 2022 Opening Balance Surplus/(Deficit) for the peri(Kl Balance as at 31 Decembet 2023 (29.521) 123.797 94.276 (?9,521) (29:i21) 2023 2022 Restricted Funds Opening Balancc Surplus/(Deficit) in the period Balance as at 31 December 2023 2.882 (?.882) 1.905 1,905
POMEROY RESOURCE LTD INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2023 2022 2022 Income Grants Courscslclasscs Trips Room Hire and Refresl)ments Photocopying Fundraising Bank Interest 21,577 2.884 21.237 1,430 2,200 85 2,005 85 1.109 26.746 25,866 Expenditure Insurance Heat and Light Water Rates Telephone and Postage Advertising. Pr]ntll and Stationery Wages and NIC Course Expenses Trips and Travel Costs Accountancy General Expenses Volunteers Expenses Childcare Expenses Bank Fees Donation Repairs and Renewals 989 530 359 161 210 7.485 10,)18 639 822 565 40 1.058 847 316 1.2)7 5,575 9,245 625 750 825 47 50 250 217 22,53) 20,845 4.211 5,021 Depreciation.. land and Buddings Equipmcnt Capital Grant Te Rclease of Mortgage Amortisation of Capital Grant 8.975 7)2 (131.218) 8,974 1.003 (121.491) (2.074) 7,903 (Deficit)/Surplus transfeed to Balance Sheet 12i,702 (2.882) The group no recognised gains and losses otheT than those includ¢d above. The notes on pages 6 and 7 forni part of these accounts.
POMEROY RESOURCE LTD ANALYSIS OF INCOME FROM GRANTS AND DONATIONS RESTIUCTED FUNDS Main Grants CWSAN 21.040 537 21,577