Company Registration Number - N1647961 The Charity Registration Number is . 107031 DCYC Limited Report and Accounts 30 September 2020
DCYC Limited Report and accounts for the year ended 30 September 2020 Contents Poge Charity infonnation Trustees, Annual Report statement of directors. responslbllltie Indèpendent Accountant's Report Funds Statem•nts.'. Stslement of Financial Activities Stalemènl of Finanoal Activitie$- Prior Year statement Statgment of lo181 recognised gains and losses Movements in funds Revenue Funds Fixed Asset funds Income arjd ExpenditUTe account Sumrnary of funds 13 15 15 15 16 Balance Sheet Note$ to the aecounts 17 19
DCYC Limited Company Registration Nurnber- N1647961 Trustees, Annual Report for the year ended 30 September 2020 The Twstees present their Report and Accounts for the year ended 30 Septembef 2020, which also compri5e8 the Directors, Report required by the Companies Act 2C()6. Reference and administratlve details The charity name. The legal name of the ¢harity is'.- DCYC mIted. The charlty'$ arnas operatlon UK ¢harftabl• registsdon. The charity iq registered in Northern Ireland wth the Charity Cornmisslon in Northem Ireland ICCNII wfth charity number 107031. The charity does not operate In any overseas lurSsdictions. Legal structu of the charity The charity is consliluted as a company limited by guarantee, registered under the Companies Acts The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislaliDn. The govemlng document is dated 07 September 2017 There are no re51riclions in the governing documents on the operation of the Charity or on its investment powers other than those Imposed by Charity Law. By operation of law all, trustees are directors under the Companies Act 2006 and all directors are Iruslees under Charities legislation and have responsibilities, as such, under both company and charity legislation. The Iruslees are 811 individuals.
DCYC Limited Company Registration Number- N16471 Trustees. Annual Report for the year ended 30 Septembor 2020 The principal operatlng address. telephone number. emall and Yb addresses of the charity are:. 23 Omagh Road Drurnquin, Omagh County Tyrone, BT78 4QY TephOne 02882831223 Email Address W8b address The regisleted office of the charity for Companies Act purposes 15 the same as the operating address shown above. The Tru$tee$ in office on the date the report was approved were:_ Dr Patrick Scully Bernadine Mccrory Ann Mccarron Kieran M¢Caffrey Peter McNully Conn Skelton Anthony M¢sg9•n Shane M¢Swiggan The followlng p6on$ serv•d as Trustees durlng the year ended 30 September 2020 -. The trustees who serve(l as a trustee in the reporting period. and, if applicable, their dates ol appointrnent or reslgnation during the year were'.- Nam• Appointed 1411212018 ReSIgned/RetiJd 3111012019 2410612021 Patrick Fahy Teresa O'Kane Al the trustees are also members of the charity. Objects and activities of the charlty The purposes of the charity as set out in its governing document. The Centre is established.. .To provlde or asslsl In providing or lo encourage the provision of slalutory or voluntary organisalions of facilities for educational, recreational and leisure lime pursuits with the object of improving conditions of life for the people of Drumquin and district. *TD advance education. .To encourage community service and Community involvement. •To promote sense of tolerance and understanding amongst the people of the Drumquin district.
DCYC Limited Cornpany Registration Nutnber- Nl847961 Trustees, Annual Report for the year ended 30 September 2020 The main activitles undertaken in relation to those purposes during the year. During the year the charity undertook additional refurbishment of the local Youth Centre with some works to the mezzanine floor being completed. as well as kitting out the kitchen facilili8s of the Cenlre. This work will enable il lo recommence a variety of services once such Services are permitted within COVID-19 guidelines. These include Junior and Senior Youth Club,. Adult Fitness Classes- Soccer Club training,. Halloween, Christmas, and Birthday Partie5 for children,. Polling Station for Election5', Meetings of local Women's group. Thus, providing a hub for local groLtps, bul also for young children and teenagers, giving them an opportunity lo leam, grow, and enjoy themselves in a social setting. The main activities undertaken durlng the year to further the Charity s purposo for the publlc benefit. During the financial year to 30 September 2020 the charity completed refurbishment of the Community and Youth Centre. This programme of modernisation will enable the charity lo deliver on ils four staled purposes.. The public benefits flowing from each dislincl purpose are a5 follows.. 1. Benefits flowbno from our Purpose of providing facilities.. Our Centre acts as a "Community Hub" fa¢ililaling social. educational. and recreational aclivilies. The main benefits are Improved Quality Of Life-, improved health and fitness,. increased social and community inleracllon and togelhemess in a welcoming setting. 2. Benefits flowing from our Purpose of facililaling educational classes and workshops". local people have raised their educational levels, antl have increased awareness of and enjoyment in lifelong learning, wth the increased confidence that this brlngs. 3 Benefits flowing frofll our Purpose of encouraging community service and community involvement.. improved Social and community inleraclion, for example through encouraging volunteering. 4, Benefits flowing from our Purpose of promoting tolerance and understanding. cross-community peace and reconciliation in our locality. The benefits identified above can be demonslraled by the continuous longevity of the charity known as Orumquin communlty Youth Cenlre. The trustee5 have had regard to the Charity Commisslon's gu8n on public benefit in managing the activities of the charity. The main achlevements and performance of the charity durlng the year. The achievements of the charity during the period relate lo suc¢essfuly securing grant funding for the planned refurbishment project. Funding sourc&s (being made up of grants an interesl-free loan, and donalionsl lolalling £33.503 werè identified and successfully secured. With an extensive plan of refurbishment completed the performance of the charity is distorted as the income stated 15 from grants received and receivable during the year. Some expenses have been incurred by the charity during the period but these are al a low level. Most payments made during the year have been capilalised to land and buildings.
DCYC Llmlted Cornpany Registration NLmber- N1647961 Trustees. Annual Report for the year ended 30 September 2020 The difference the charitys perfom?ance during the year has made to the beneficiaries of the charity and widersociety. With the refurbishment project complèted the charity's performance is not reflective of its purposes as its activities during the year relate lo capital grants and expense5 for the building. The charily was also prevented from offfering the full services to its local cornmunity due to the COVID-19 pandemi¢. With the easing of reslriclions conb'nuing the charity re-opened ils doors on a limited basis lo the local community. Structure, governance and management of the charity The methods useol to recruit and appoint new charfty trustees. DCYC Limitgd is a small charity based in a rural community and as such all potential trustees are from the local area. Recruitment of new Iruste&s 15 by word of mouth as it is a small area in which the charity operates. An active recruitment process is not undertaken as the charity is completely community-driven. Potential new trustees are screened and appointed by a panel of existing Irusleeslrnembers including the chaimian. Bankers First Tru¥t Bank, 8 High Street, Omagh, County Tyrono BT78 1BH Patrick Fahy & Co, 4 John Street, Ornagh, County Tyrone BT78 10W Solicitors Accounlanls Rory P Gormley & Co Ltd, 37A Main Street, Drofflore, County Tyrone BT78 3AE Financial review The charlty s financial position at the end of the year ended 30 September 2020 The financial position of the charity at 30 September 2020 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows".- 2020 2019 Net Incomg 1,482 61.817 Un$t[ted Revenue Funds available for the general purposes of the Charity 16,9481 15.0891 Restrided Revenue Funds 3,321 371,058 Restricted Fixed Asset Funds 371,058 Total Resthcted Funds 374.379 371.058 Total Fund8 367,431 365,969
DCYC Llmlted Company Registration Number- N1647961 Trustees. Annual Report for the year ended 30 September 2020 Flnancial review of the position at the reporting date, 30 September 2020. The trustees consider the financial performance by the charity during the year to have been satisfactory. All grant and other funding sources that were identified were secured wth drawdown of the various funds Commencing during the period. Thè charity is reporting a nel sulUS of £1.462 for the year12019,' surplus of £61,817), mainly due lo the depreciation Charged during the year lo 30 September 2020. Adding back depreciation results in a surplus of £22,594. The balance sheet is healthy, with fixed assets now growing as costs of refurblshmenl are capilali5ed lo land and buildings. The Specific changes in fixed assets are detailed In the notes lo the accounts. Policies on rnserves. 11 is the charity's aim that any and all surpluses within each fund will be retained in reserves for future projects to enhance the benefits of the charity for the beneficiaries and wider society. There are no minimum or maxlmum reserves amounts defined within the charity's F)olicies. Al 30 September 2020 the balance on reserves stands at £367,431. Avallability and adequacy of assets of each of the funds The board of trustees is satisfied that the eharity's assets in each fund arg available and adequate lo fulfil ils obligations in respect of each fund. Funds in defl¢it AI 30 September 2020 the Unrestricted Revenue Fund was in deficit by £6,948. This is due lo the Company accountant fees and independent examiners fees, which are not specsfically related lo the building proje¢l and therefore classified differenuy. This position is not a cause for concem lo the Iruslees. The Iruslees expect the Unreslricled Revenue Fund lo relum to surplus in the short to MluM term as the Charity recommences nom)al charitable activities generating Charitable income such as donations and membership subscriptions, for this fund when permitted lo do so under government Covid 19 guiclance.
DCYC Limlted Company Regi3tration Number- N1647961 Trustees, Annual Report for the year ended 30 September 2020 The major rlsks to which the Charity is exposed and rgviews and systems to mitigate them. The major risk the charity faces is the continued impact of the COVID-19 global pandemic. The charity ceased its setvi¢es al the start of lockdown and has only reopened during th? year. Vvhen the government announced an easing lo the reslriclions it also attempted to define new operating rules for services such as those the charity offers, including social distancing among the children which will severely limit the number of places available. The charily is adhering strictly lo the government guidelines regarding distancing, as well as bringing in strict cleaning and access rules lo limit the potential risk areas, lo enable capacity lo be maximlsed within the new confines. With the unprecedented amounts of government spending on the numerous schemes to protect the economy, there is also a significant risk that more auslerily measures will be introduced in the coming months and years limiting the amount of public spending available for grant purposes which will potentially impact on the charflys. future income. To miligale, the charity is constantly monitoring for new sources of funding. Factors Ilkely to affect future financial perforn?ance . Future financial perfomance will potentially be significantly impacted by the level of funding available from non-govemmen181 grant bodies given the likely increase in demand from charities who will potentially see other sources of income dry up due to lower charitable donations from individuals, and increased government auslerily moasure¥. Employment of disabled persons At this time there are no disabled person3 employed by the charity. although the charity welcomes all applications for ernploYnt regardless of disability. Detalls of The Independent Examiner Rory Gomiley mernr ol Institute ol Flnancial Accountsnts 37a Main st&t Dromore Om8gh County Tyrone BT18 3AE
DCYC Llmiled Cunpany Registration Number- N1647*1 Trustees, Annual Report for tho year ended 30 September 2020 Statement of the Directors Trustees. Responsibilltlfrs The charills Iruslees are responsible for the preparation of the accounts in accordance th the temis of the Companies Act 2006, the Charities INorth8m Ireland) Act 2008, 8$ amended and The Charities (Accounts and Reports} Regulations (Northern Ireland) 2015 In particular, the Companies Act 2006 and charity law require the 808rd of Trustees to prepare financial slalements for each flnancial year which give a true and fair view of the slate of affairs of the charity as al the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is qUired to :. lo prepare the accounts in accOrdae with United Kingdom Generally Accepted Accounting Pra¢li¢e Iuniled Kingdom Accounting Standards and applicable Iwl. select suitable accounting FX)licies and apply them consistently., make judgements and eslimales that are reasonablè and prudent., prepare the financial slalements on the going ¢oncern basis unless11 is inappropriate lo presume that the charity will continue in business., slate whether appllcable accounting standards an(1 statements of recommendgd practice have been followed, subject to any materfal departures disclosed and explained in the financlal slalements., The law qUireS that the Iruslees musl not approve the accounts unless they are satisfied that they give a true and fair view of the slatè of affairs of the charity and of the surplus or deficit of the charity for the year. The Trustee3 are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy al any lime the financial position of the charity and which are sufficient lo show and explain the charity'5 transactions and enable them lo ensure that the financial stslements comply with the Companies Act 2006 and comply with regulations made under the ChaTities Act. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. The Trustee$ are also responsible for the contents of the Trustees, report, and the statutory responsibility of the Independent Examiner in relation to the Trustees, report is limited to examining the report and ensuring that, on the lace of the report. there are no material incons15tencies with the figur88 disclosed in the fi'nancial statements.
DCYC Llmlted Company Registration Number- N1647961 Trustees. Annual Report for the year ended 30 September 2020 Method of preparation of accounts - Small company provisions The financial statements are Sel out on pages 11 to 34. The financi81 slalemenls have begn prepared implementing the FRS 102 SORP (Statement of Recommended Pra¢lice for Accounting and Reporting by Charitiesl 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or aftgr 1st JanuaN 20191. (The SORP). and in accordance with the Finanual ReDOrtinq Standard 102. These financial stslements have been prepared in aordanCe with the provisions in Part 15 of the Companies Act 2006. applicable lo ¢ompanies subject lo the small companles regim&. This pOrt was approved by the board of Iruslees on 24 June 2021. Anthony Mcswiggan Director and Trustee
DCYC Limited Report of the Independent Examlner to the Trustegs of the charltsblè company on the accounts for the year ended 30 September 2020 I report to the Trustees on my examination of tt)e finanaal statements ol the charitable cornpany on pages 11 to 34 lor th8 year ended 30 Sèptember 2020 wh1ch h8ve been prepad in 8cwrdantr with the Ch8rthes (Northern Ireland) Act 2008. as amended Itho Act) and with the Financial Reporting Standaid 102. leffeclive 1st January 2016188 modified by FRS 102 SORP Iststetnent of Recomrnended Practs'ce lor Accoundng and Reporknng by Charities) 2015, las amended by the Bulletin Issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 20191, ITh6 SORPI, published by the Charity Commission in Northern Ireland ICCNII, and underthe historical cost convention and thè accounting poliCS sot out on page 19. Resp•¢tlvg re8pon8lbllltles of the Trustees and the Independont Exarnlner and tho ba$1$ of the rèport A5 described on pagè 7, you, the Charitable companys Trustèes. who are also the Directors of th6 Cornpany for tho purposes of Cornpany law. are re5pon5ible for the pi8paration ol the Iinancial statements in accordance wth the Companies Act 2006. the Charities INorthern Ireland) Act 2008, a5 smended and all othor applicab16 law and wth United Kingdom Generally Acc8Pted Accounting Practsce, applicable to sMalr entities, and for being satisfied that the frnanual statements give 8 true and fair view. The Trustees eonsider that the audil reqU1ment of 65121 ol Th8 Charities INlern Ireland) Act 2008. as arnended (Thè Act) does not apply, and that there 18 no requirement in the memorandurn and articl8s ol the charity for the Conducting ol an audit, and that thè accounts do not r8quire an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members hav8 requested an audit pursuant to Section 476 of the Companias Act 2006. As a consequenc&, Ihe Trustees have elected that the finanaal statements bè subject to independent examination. Having satisfied mys8lf that the financial statements are not required to be audited under any18gal provision. or otherwise, and are eligible for indep&nd&nt examinatlon. it 15 my responsits'lity to."- al ex8mine the financial statements of the charity under Secuon 65131 of the Act.. bl follow the applicable prOdUra$ in the Dira¢tion5 to Inclepèndent Examintrrs made by the Charity Comrnission in Nortrn Ireland and., cl stale whether partscular mattars have come lo my attention, Ba81s of Independent Examin8rf$ Statemènt and scopo ¢*f work undertaken I conducted my examination in accordance wilh the Di18Ctions to Independent Ex8miners made by the Chaiity Comrnission In Nortrn Ireland, setting out the duties ol an independent examiner in relation to the eonducting ol an independenl examination. An indapendent exaMIna.0n include5 a VIe ol the accounting records kept by the charitable cornpany and of th8 accounting systems employed by the charitable company and a comparison ol the financial statements presented with those records. It also includes consideration of any unusual iterns or disclosures in the finsllcial staternents, and seeking explanations from you, as Trustees, conMIng such matters. The purpose of the examination is to establish as far as possib18 that the have been no breaches of chanty legislation and that. on a test basi8 of eviden rel8vant to the amounts and disdosures made, the financial statements comply with the SORP. The procEdures undertaken ¢Jo not provide all the eviden th8twouPd be required in an audit. and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiiies and does not Cover all th8 rnaiters that an auditor would consider in arriving al an opinion. The planning and con¢u¢t of an audit goes beyond the limited assurance that an independent examination can provide
DCYC Llmited Consequentty, I do not express an aLKJit opinion on the view gpien by the financial statemBnts, and in particular. I axpie5s ng opinion as to whether the financial stat8ments give a true and falr view of the affairs of the chaity, and my report is limited lo the atterS Set out in the stalernent bolow. I planned and perfoitned rny exarninats.on so as to sab'sfy myself that the objeelivtrs of the independent examination are achieved and beforo linalising the report l obtsined written assuran$ from the Tiuslee5 01 all material matters. Indgpgndont Examln8rf8 Stat8m8nt, Report And Opinion Subject to tha lirnit8tions upon the scop8 of rny work as dotallèd above, I have completed my ex8mination'. and can confiitn thaL'_ The aceounts of this charitabl6 cofflpany are not requirad lo be audited under Part 16 of the Companies 2006., This is a report in respect of an examination carried out under 65131 ol the Act and in accordance with DIralon5 to Independent Examiners madè by the Charity Comtni8sion in Northern Ireland which may be applicable.. and that no material matt8rs have come to my attention in connection with the examination giwng causé to believe that in any material Spect..- accounting records were not kept in respect of the charity as required by Section 386 of tha Compan$ Act 2011 and Sèction 63 of The Charitie8 (Northern Ireland) Act 2008, as am8nded.' when preparing accounts on an attruals basis, to prepare financial Statements which accord wth the 8c¢ounting reetsrds and comply Mth the accounting requirements ol the Act and thts Regulations s6th.ng out the form and content of charity accounts., h8ve been prepared in accordance with the methods and prinriples set out in the FRS 102 SORP Istatement of Recommended Practi forAc¢ounting and Reportiro by ChaTiliesl 2015, las amended by the Bulletln issued in October 2018 and applicae to all aceounting periods beginning on or after 1st January 20191, (The SORPI. have b8en prepared In accordance wth the rnelhods and principles set out in the FRS 102 SORP Istalernent of Recommended Practice for Accounting and Reporting by Charities) 2015. las amended by the Bulletin issued in October 2018 8nd applicabltr to 811 accounting periods beginnln9 on or after 1st January 20191, (The SORPI. have not been met or to which. in rny opinion, attentk)n should be drawn In my rèport in order to ernab a proper understandlng of the accounts to be reached. SlgNd:. •/'•// Rory Gormley- Independent Exaffliner Insb"tut8 of Finanaal Aceountsnts 37a Main Street Dromore Omagh County Tyro BT78 3AE Thi5 report was signod on 24 June 2021 10
DCYC Llmlted - Stst¢ment of Flnanclal Actlvltles for the year ended 30 September 2020 Statement of FlnanciTalActivities {includiTng thg Income and Expenditure Account for the year ended 30 September 2020, as required by the Companigs Act 2006) SORP Currentye Unr•strfct•d Funds Currentygar Restrictod Funds Current year Tot81 Funds Prlor Year TO Ftsnd¥ 2020 2020 2020 2019 Income & Endowmeftts from: Donations & Legaoes Charitable aGtNiti8S A1 33,3 33.503 519 86,141 519 Total income 1,019 33,003 34,022 86,141 Exnd[bJT8 on.. charitab aclNiti85 Other B2 B3 500 2.378 29.682 3Q.182 Z.378 19.924 4.400 Total 8xpendlturn 2,878 29,662 32.560 24.324 Ngt Incofflo for ygar 11,8591 3,321 1A62 61,817 Net In¢om8 aftor transf•rs A-B 11,8591 3,321 1,462 61,817 Plet Movernent in fund$ I159> 3,321 1.462 61.817 Recon¢iliation of funds:. Totsl fund$ brought fon¥ard 15,0891 371.058 365.969 304,152 Totsl funds Carried forward 8.948 374.379 367,431 365,969 The'SORP Ref indiraled above is the classification of incoma set out in the forrnal SORP docurnents. As required by paragraph 4.60 of the SORP, the brought forward and carrEd forward funds above have b88n aged to the Balance Sh*t. A Staiement of Total Reeogniged Gain$ and Losses is included as a primary slalernent in these accounts. All activities derive frorn continuing 0rationS Th? notos atta¢hod on pages 19 to 34 form an Intsgral part ofth¥se accounts.
DCYC Limited - Statement of Financlal Actlvltle$ for the year ended 30 September 2020 DCYC Llmited - Analy819 of prior year total funds, as requlred by paragraph 4.2 of the SORP Prlor Year SORP Prforyear Prior Yoar Tr#al Funds Unrestrictqd Funds Rostrlci•d Funrts 2Q19 2019 2019 Income & Endowments frorn: Donation5 & Legac$ Charitable activities Ott)er trading activit$ Inve$twThts Olh&r A1 2,141 84.OOD 86.141 A5 Total Incomo 2,141 84,000 86,141 Expenditure on: Raising funds haritable activ"e$ Other Tax on sutplus on ordinary actniiti B3 Other tsxats'on B3 B1 82 1.470 4,400 18,454 19,924 4,400 Totsl oxpenditure 5,870 18.454 24,324 Net gains on investrnents B4 Net In¢om& for the year 13,7291 65,546 61,817 Transfers be80n fund$ Net incomg aftertransfer8 13.7291 65,546 61,817 Ntrt movemont In funds 13.7291 65.546 61,817 Re¢onciliatlon of fund$.'- Totsl funds broughtforward 11,3601 305,512 304,152 Total fund$ carrl•d forward 15,0891 371,OS8 365,969 All activitles d¥rlve from eontinuing operations A Ststemenl of Totzl R8cogni%ed Gains Los$e$ Is included in these accounts as a separate primary statenI The nal8s attached on pages 19 to 34 fomi an Intagral part ofthese accounts. 12
DCYC Llmlted - Stalement of Flnancial Activities for the yoar gnded 30 Septgrnbor 2020 Statsment of Total R&cognised Gain$ and Lossos for thg year ended 30 Sèptsmber 2020 2020 2019 Surplus for tho year:. Net ex¢e5s of income over expenditure from operations before tsx Realised gain5 on disp08als of social investsnonls which a programm8 r8lated 131.5411 122,1831 Income from operations before tax in the Slat•m8nt of AnanelalActivlles 131.5411 122,1831 Awderluctj non income and exp8ndItU Item$.'. Gran15 for the acquisition of fiKed assets Net Movement in fund$ before taxatlon 33.003 1,462 84.000 61,817 Funds generated in the year as ¥hown on Statom8nt of Hnaneial AcvItIeS 1,462 61,817 The notss attached on pages 19 to 34 form an rntggral part of these accounts. 13
DCYC Lirnited - Statement of Flnanclal A¢tlvitie8 for the year ended 30 September 2020 DCYC Limited - Resources applied In Ihe year ended 30 September 2020 towards flxed a88ets for Charity use:. 2020 2019 Funds generatèd in the year a$ detailed in the SOFA Resources applied on functional fixed a6$0ts Other applications of funds 1.462 155.1501 61.817 1189.5581 Nèt rosources avallabl• to fund charltsbl• activities 53,688 127,741 The resources apprd on red assets for charity u$e represents the c05t of additions less proceeds of any dispo881s. The not69 attached on pages 19 to 34 form an integral part ofthesè accounts. 14
DCYC Limited - Statement of Financial Actlvities for the year ended 30 September 2020 Movements In revenue and capital funds for the year ended 30 September 2020 R•venue a¢¢umulat•d funds Unrn8trtoted Funds 2020 Restricted Funds Total Funds 2020 Last year Total Fund5 2019 2020 Accumulated funds brought forward 15,0891 15,0891 11,3601 ReCogn&d gaSns and lo$$es before transfer5 11,8591 3,321 1,462 81,817 16,9481 3,321 13.627 60,457 IFrom)ITo unf8Stricled revenue funds 165.5461 Closing revenu• fund8 6.948 3,321 13,627 5,089 Fixed ass¥t funds Designated Funds 2020 R88trlctsd Totsl Funds 2020 Lastysar Total Funds 2019 Funds 2020 At 1 Odober Transfer Ilollfrom VenUe funds 371.058 371.058 3,512 85,546 At 30 Soptsmr 371,058 371 058 371.058 The purpose5 of the transfers to fix8d asset funds are d8scribed in Note 26 to accounts and under Ihe 8CCOUnting policy.Accountg for Capital grants and fmed as5el fund5'. Summary of fund$ Unrgstrlcted and Ops1gn•tod funds 2020 Restrlct8d Fvnds Toial Funds Last Year Totsl Funds 2020 2020 2019 Revonue a¢cumulated funds Fixed asset fUS 16,9481 3,321 371.058 13.6271 371,058 15.0891 371.058 Total fund$ 16,9481 374,379 367A31 365.969 Th8 notes atts¢hed on pages 19 to 34 fomi an Integral part of thèse accounts.
DCYC Limited - Ststement of Flnancial Actlvities for the year ended 30 Septemb9r 2020 DCYC Llmited Income and Expenditure A¢countforlhe year ended 30 Septernber 2020 as required by the Companies A¢t 2006 2020 2019 In¢tsme Income from operalons 1,019 2,141 Investrnenl income and interest Gr088 Incomo in the yoar befortr exceptional items 1,019 2,141 Gm55 bncom• in tho y•ar Includlng exceptional items 1.019 2.141 Expendiluro Charilabk expendrtur&, 8xcluding depredati and amorbsalion Depreciation and arnortlsation Governance ¢0515 Otherexpenditure Interest pay8ble R88li$ed losses on dispo$a15 of social investmènts which are programme related 4.768 21,132 1,073 2,378 3,209 8,843 8,281 1,600 4.400 3.200 Total expenditure In the yèar 32.560 24,324 Net In¢ome before tax In the financial yoar 131,5411 122.1831 Tax on sUlUS on ordinary activities Net Incom9 after tax in the flnancial year 131.5411 122.1831 Retainèd Surplus for the financlal year 31,$41 22.1831 All activities derive from continuing operab'ons In accordance wth the provisions olthe Companies Act 2006, the heading5 and subheadings used in the Income and Expenditure a¢¢ount have been adapted to reflect the special natu of the Gharity's aclivilies. The notes atta¢hed on pages 19 to 34 fomi an integral part of these a¢counts. 16
DCYC Limited - Balan¢e Sheet as at 30 September 2020 SORP Note Ref 2020 2019 Fixed a55ets Tangible as5els 13 A2 439,797 405,779 Current assets Dablors Cash al bank and in hand 14 B2 B4 20,000 917 41,250 40,869 Totsl curr•nt assets 20,917 82,119 Creditors.. amounts falllng dug wlthln one year 15 C1 141.0871 139.5921 Net eurrent as$gts 120.1701 42,527 Not assets 419,627 448,306 Creditors.. amounts falling ojue after More than one year 16 C2 152.1*1 182,33n The total net assèts of the charfty 367,431 365,989 The total nèt a88ets of the charity are funded by the fun(ts of the charity, as follows:_ Re$tricted funds Rtsslricted Revenue Funds Restricted Fixsd Asset Funds 24 D2 3,321 371.058 24 D2 371,058 374.379 Unrestricted Fund$ 371,058 Unrestricted Revenue Fun(J8 24 D3 16.9481 15,0891 Designat Fund$ 16,9481 15,0891 Total charity fund¥ 367,431 365,969 The'SORP Ref Indicated above is the classification of Balance Sheet items 83 set ¢)ut in the formal SORP documents. As required by paragraph 4.60 of the SORP. the brought fOard and ¢8rried fOnard funds above have been agreed to the SOFA.. The directors are satisfied that the company 15 entitled to exemption from the r¢quiremenl to obtain an audit under section 477 of the Companies Act 2006. 17
DCYC Limited - Balance Sheet as at 30 September 2020 The members have not required the company to obtsn an audit in accord8nce with section 476 of the Act. The dlrectors acknowledge their responsibilities for complying wth the requirements of th9 Cornpanies Act 20C with resped lo accounting records and the preparation of accounts. The charity is subjact to Independent Examination under d)arity legislation, and the report of the Independent Examiner is on page 10. The financial statements hève been prepared in accordance wth the provisSons in Part 15 of the Companies Act 2006. applicabltr to companies subject to the srnall cornpanies rÈgime. Anthony Mcswlggan Trustee Approved by the board of trustees on 24 Junè 2021 Thè note8 attached on pages 19 to 34 fomi an Integrnl part of these accounts. 18
DCYC Llmited Notès to the Aceounts for the year ended 30 September 2020 1 Accountlng pollcles Pollclerelatlng to thepmduetion of tlje accounts. 3as15 of weparatton and accounvng conventlon The 8ttounl$ have bEen prepared on 8ccrual$ basis. under Ihe htsknrical co81 convenlloo. 8j in a¢¢tydancevrilh Fina1 Reporting standard 102. lèffecbve Isl January 20161 and'FRS 102 SORP Istslemenl ol ReLomwded Pra¢ii¢eforAc¢ounirbg and Reporting by Ch3nlre51 2D15, las amended bythe Bull&iin ISSU In October2018 and ap[Aable lo all a¢¢ountiw periDds beoinning onor aft6r 1stJanuary20191. (The SORPI. publlshqd by the Charity Cfyhmission in Northerri Ireland ICCNII, Bffectve Janu¥ry2016.. and in acttrfan¢ewilh all 8pplICab igw in Ihe ¢hariVsiunsd¢tson of retyslraiion MeasurawnIa1eYM¥tio-Th preparalon of thefinawial slatements requlre3 m8na9emeniiD tnakejudgernenls. eslirnale$ anda5sumptions that affo¢1 the aniS reported. These eslitnales and ILgeMentS are conknnu¥ly reviewed and are based on eXrInce and other facr¥. iUd$ expectstiDn8 ol lulweèvents that ¥0 be6¥8d rea$onab underlhe tyrtumstancos. Colng CorKerTr The ¢thariiable8cbvilies are 8ntir&y dep8ndenlon In¢ome frcm memb¢r¥ alld sefvi¢es £5 W811 as continuing grart 8KI. As a consequencp. the 90ing eoncem basis Is depfrrndent the lthure fl¢wof thes& uncertain lunding strfyam¥. A¢¢ordingly, the Trustees have considered the relk4bility ol these lunding strearns TheTruS5 also noio ihallhe ¢harrly 1$ openin9 its doDrs to it$ Lweficiafits in 2021. Wrth additional granifvnding due to GOrn8 In In exces$ of £20.OM tre TNsleeA are satisfied al, al the lime of approving thetitkgncia $lateTnentS. it 1$ appropriats kn adopithe going concern basis in prepanng the finanual $lalemeni$. Otherlh8n these matters. the Trustees are nDtawareof any material uncertaniles aboutthe chariiy's aLNlityto ty)nlinue as a goiw COeM. RkS ano futur• wumF4long Th8 ¢harfty Is a PUUic berfrtenlrty. The risks forihè Charity indude the availabiliiyof fuiurefunding lo ¢nable Il io ¢oniinue lo paY its debL and offerits SeICe5 to its benefici3 due to ifve ur011YarOnd Brexrt. 8n¢ Its impa¢ifor Ncrthem Ireland. Anywithdpwal of undrawn lurfswould have a Significart Impadon th& abHityof the charity lo ¢¢nbnue to operate This risk i4 consider&Y managed a$ thefunds are secured and offered. any reversal orthis POSthDn by Ihefunders Is ThthOught to be There 1$ 90tigk tothe Incorneof the chty du8 tothe COIqD-19 glob81 pandemic and the financial pr¢ssures It h&s broughllo ganeral sperIng of Individua15 ana businesses The charrty rectynisfj¥ Ihere 1$ ? risk of governmenicut back5vthi¢h may Impact on their fundin9. However. th• governirni are ccthywtted tomataMirVj publc servt8$ and publi¢$wdirvJ Pollcles rglatlng tt) ¢at8gorles of lrt¢¢me andincomerecoynltlon. Nature of ItOrne Gross InMe reThts the value, noiofvalwaddediax and discoun, provided to cu$tomèr$ 8nd work c4rried ouiin regpectof serye& pro08d lo customers. Categorfes of Income 8 iSCa90n8j as In¢£m8from eXChatranSact¥ IntractIn¢0e) and income trcm nonw¢hange xThsaclions1ginsl, inve¥imenl income and othei iDcorne. In¢orne from oxchange tr4nsaGtlon¥ is re1¥ by the ¢harity for goods orservices 5uppli6d underts)niraci enbllemenl 13 subject lo luifilling FrtOMrte related CDndibon$. The income the charty receiv&g 1$ ¥pproxlm81èty equal in valueto the oood¥ or servi¢es supplled by the ¢harty to the purchaser. Incom•from a nonx¢hange trtsn8actlot) i& wherethe ¢harity wgives vae1r0 Ihe donorvth1 providin9 oqual value In exchange, and inU5 don3Vg ol mory. goodg and seMce$freely given rythoulgving equal value in exthange 19
DCYC Llmited Notes to tho A¢counts forthe year ended 30 S8Ptember 2020 Inc¢m9 recognluon Income. sthetherfm exchange or non exchang• tran5a¢lion&. Is recognised In the $latementOl finan¢i81 aCti"e$ ISOFAI on a rerErvable basis. when a transaction or herEThI resulis in an increw in the ch8rity's assets ora iedu¢iion in Its Mabilitses onlyYth$n hchartty hs5 leg81 entitmlI, the Incomeis probgtAe and ¢an bè rneasurtd reliaLIy. DivendS arerueNen th8 $harehdd8rf5 ruhl to receive payment1$ etstabli$hed. IrL¢ome Bubje¢ttolerm$ arrd GondthOn¥ Mthlch must be rnet DÈfor6 tschariiy19 tIld lo taq re3ouice¥ is not Fecffjni5ed unbllhe condrtrons have been met Al income 1$ 8(thunled for gross. thgfore deduct9 Y r•utedfee$orcosts. A¢¢ountlng lOrd•f¢e Incomfr4nd IncoMorgc•fv•d In advance ere tèrms and conditions relaiiw to knc(vne have not beèn metor un¢6rtainly exists as io ¥thether th&¢hariLy meet anyietm5 or ¢ondibon$ otherrtise rythin Its Cthtroi, 1me is rtcognisa bul 15 deferred as a li¥bility untyi illB thalthe terms or 0th0n5 Imrosa can èomet. Any gl¥nt that 1$ 8ubiecl to rfom)ance-relaied conrfiUon5 rece¢ 2dvarte oldellvering and services requlr ty thai condillon. oris 5ubJtrcllo untnet condilion& VthollycMJlstèkne contrd the re¢ipienl thArity, is ¢unted fora$ a Iwthllty and shovm on the tyaiance $hBel as d&fetred Incotne. Defeffed I¢me Is re$311 to InC(Kr in th& reptyiing period whh the performance-rdated or he[condib9ThB thai limit recognitk?n a¢ tnel incomè from a gBni 0rdonab. has not bEen wognk£dthtrto the ¢Mdib"ons applying tD Iheglft r¥)1 bein9 wholy wrthln 1CONoI of the r8¢ipienl¢harity, it i$¢J10Seo as a conbngerrta8StI rf weipi of the grant or dation Is probable on¢oth05è ¢ondilp)n¥ are met ere Ilme related are imposed orlmpiiedby a lunder, then t 8pporllon•Stolhe Ilme oncemwJ,and. where appIable. is accounted foras a11gLility ano shovm on the Wance S1 a5 deferred Inccme. When gi¥nt5 a [l¥ed in advanct ol the $Kpendira on the lunded by thern, bulthere are w specili¢ bme COndrtns, then the Incomtr is noldeletred Any conditityl Ihlll 8lhM forlherecovoty by Iho donorof any unexpendea part ola 9laTrtdo8$ notprevontrecogrilion Ihp eo¢orr[E. èul a liabiliiyio anyr4)aymenii8 r•cognlsd when repayment becomes pfobslY6. Polici8s lating to oxpendlture otrj goods and servicesprovlded to th8 chority. R•coynlUon of IlabilTtles and expatithtvre A liabilrty, 8nd the iel3led exp&noilure. É Cognised when a legal or¢$trCtiveo1g&tj ex¥i$ a5 a of a past tvenl. and ili¥ more Ilkelylhan notlhaia transferol economic benellts be 184uirea in 8etUemeDt andwiien the amounlof ihe obligation can be m&Asured or rollaY esiimaled. Llabilities arising Irom lutsjre funding comrnilments and Con$lrucb"v601q8I1On¥, including performance related grathts, where the bming (Klhe arnouni ol thefvlure exp•rvJilure requira to settle the oblig3lion are urtertaln. glve rigeto a provision In the accounts, whiGh revEsved ai the accoufjbn9 yearend The provision Is In¢reased to refiect any increasts In liabilibes. and is decreased bythe ulisab¢n ol any provislon wlhin Ihe perFod, and rev¢rs¢d If any wovi$i Is no lon9errequired Th85e nk)vBments are¢hargea tothere5pxbvefunds and aclNtsèS lo whh the rrtvi$ion re3. P¢llcle$ r•laUng asseth liablli¢ies andprovlslonsand othermtter& ranylbleftxeda$sQtS Tangible fi assets are Tnpa5ured ai Ihelrori9inal ¢0slvalu8. or 5vbswuenl r•valuatiDn, or If donated. as descri gtove. Cosivalue includes aw costs ewnded In bringing the asset inl0 jis Inltsmded worfting dItion. Depreciation has been VOVKJEd the follwnu rates in ordertowrite off th2 as88t¥tolhelrantiBipaigd resldual Yaue Overe$1mt& useful Fives. Leasèhdd premises Oytt thellleof the ¥- 30 yeats Aregularannul revk¥ollhe likd1oraSsel Knp84fmonl is und8rt8k8n.
DCYC Llmlted Notes to the Accounts for the yearended 30 September 2020 Accounttng lorwiial grants and ffx¢d 888etfund$. Gifts of tsngible hxed assets ororallts of a capital nalJr8. 9i¥en forihe purr1) ol acquirfftg specificassets to be lully UUNsed in the fJrtheranof the objecis ol charity. are creow lofLKed a58elfunds after Ihe donated assèihas bgen recei or ¥ums havebeen prowly expendsd on the festhcled wrpo¥e. where the lems of the grft require theeharilyto hoidthe 8ssston an (gOIng ba5B ltr a sp2rie PUtpos8, then the fixed 8¥sei fund so¢realed 1$ catsgorised as a res¢18 Ilxed as fund, anuthe relev8ni restricon8 are nolad red asgei rK>te 13. WherelkE terms ofthe nareetoneÈ IFE8ssel i% acquired. so alltywngthe charityb usethe asset on an unrestriGts ba%s. includ5 the righlto reesive the meeds of 8nyfulure Saltrof Iheas$81 an unrosiriGled ba$is. then the lixed asset fund soc18ad Iscategonsed a$ a designated fixed ass&1 lufid. aB5ets acquired for IhefurthpiaTKe of thecharity's obiecls. til81g the ovm WrestrIctlIuns. transfer madè from unreted fvndstoa designated Ilked ass&1 lund. VVh6lh8ra(4UId with unresiricled or rosiricted funJs, Ihe asget acquyed inibalty Shown in the Wance¥hat thefu CO81 of acquisillon or subsequent revdtsabon. As IrE related assets are aepreuatea, in accorthncevlth the depretsau¢D pollcy,in Drderto ect the ditnunibon In I as.¥ Iranslerl$ madg from the relevant fixed asset lunds 10 eler unresirthd orreslncla rnvenuefuDds. a5 appropnatelo th0$ ol original grft, If any. The effectollhis policy 15 th the ag9regate crfaiifixed ass fund$ ¥hallequate10 thè net bookva1of fixed 8g82ts Inlhe firsl yearlhal this policywas a¢optad, 8 transfer tofixed asset runds w8s rnade equiva1 iotherel boDk value Df Ihtras5efs. Any residval liabJlily th£ donty arising trom. for examp, Ihe8S5eY3 Iuiure sale, 1$ disclod as a ¢ontiTrgenl I111Y unless tho evenlthatwould tyigger repaymenlof Ihe grant bwme5 probabkln which case 4 IiabiNty for repaymènt K4 iecognised. Insolara$ 1$ tYrateS to Governrn1grarnsn ts theoxtentlh•t itmay te a departure frorn FRS 102 SORP Istakrn8nlof Re¢ommenda PraCte forAccouniiDg and Repornn9 by Chaniiesl 2015.135 amendÈd by the Bulletsn 155ued In Octob8r2018 and Spable toall ac¢ouTrliw po5 beginning on orafter l$1 January 20191, IThè SORPI, suchdèpartwel8jUBtified ffi the b$s ihal 18 in ordèr towmptywlh the SORP. Dtbtors D8btotsare moasured 8lthe1rw0verae al Ihe baL4n¢o sheeidato. CroditoT• and provlslons callOr are measured ailhe IFansaGbon te lusuJtytrewlnvtyr vaJ&l slld are ioco9niW hthe perigd In they were Inrutred. C•sh and bank baloncp Cash heid by Ihechariiyls Incl atth8 amount a¢iually held cDuni8d allheyesr end Bank bal¥nce5, whetherin ¢redil or overdravm. ¥è shown ai the amounts properfy recon to the bank st8ltmenls. Olherlinantsal instruments IrudIng loans ale measuréd $tlhe amount advanced to the Ghanty, and are at the aryhjunl prgperfy re¢orKled 10 the amount ng * the arend. Fwid Ac¢ountlng Unrg$biCted fuThYs areIl]e forusp althe discretion of the bw$16$5 in lutherance of ihe gener81 01th8 charty. There we nodesionated fund& Reslricted funds are subjectedto rtBthcYons on theirexpwdiiure irrfKsed bytho OonDrorihrough theiaTrns of an appeal a5 implied ty law. There are no endDwmentfunds 21
DCYC Limitsd Notts to Accounts for the year ended 30 September 2020 2 Llablllty to taxatlon Tha Ttuslee3 con8ider that the tharity salgfts the tests sd out In Paragraph 1 Schedule 6 of the FInae Act 2010 lor UK CDrwralknn tsx purp05e$. Accordingly. Ihp Charily is Pottnllally eXern Irom taxalon in respect of inrorne or captsi gains recelved thin ealrforiqs covered by chapter 3 Part 11 of the Corporalron Tax AGt 2010 or SeGtron 256 01 the Taxallon ol Chargeable G8in$ Act 1992, to the exient Ih¥i surth Inc¢Jmtr or gains are applied ex¢lu$lvety on the speC haritsbla Obicts of Ihe ¢harity and lor no oiher pUOSe. Valw A¢ded Tax L4 rM)t recoverable by Ihe charity, 15 therefore 1Thued In the relevant Cosls In Ihe stsiomeniof FIn(la1Ats. 3 Wlndltyg up or dl$$olutlon of the charlty Ilwon wnding up ¢rdissolulh)n ol Ultrtharky Ih£rè romain any a$$tls. after the 8ati3faGlion of all debts and liabi1itS. Ihe s8&ts represented by the arm(ale# fund sh1 bo tran$rerred other ¢atLIe bDty or bOdS hn9 simjlar obj lo the chanty. 4 Slgnifkanc8 of flwdncjal Instnjments to the charlty'$ posttlon Dunngthe yearih2charity recerrfed a from a wlvaia indi¥u¥l ¢r£4,546. wa$ not repaid priorto year 8ndl. and r&pavJ£2,927 01 the loan fr¢rn Drumquin Y¢thh Centre 8 balance (wed 01£27.173 Th$¥e ale iThleiesi- Ireeand 8r&open-ended loans with no repayrnenl tÉrms and no $xpity dale. Th9 chanty ab¢ took oula bDunceback loan £42.000. No fepaymwtshave yet boen made, In line witrlhe tam6 oflhe falIty. 5 Not 5urplu8 b8fore tsx In the financlal yar 2020 2019 The nel SUWlu5 beforetax in therIna1 is stated 8fter¢har9ing'.- Doprecialon ol¢yNn&tfixed 885ets Twsle2s' rernunerabon 21.132 573 B,281 6 Irttsr¢$t payable 2020 2019 Loan Inktsst 3.209 3.200 7 Thg ¢ontrtbuUon of vofunteers TlÈ¢hanty dendson the supportol ts voluntew¥. 15 mU¢h appre¢lated. The v0teerS Ild¥ the Iru$i8es. and others who IDDk on rdes such as Youth Laders. The arrangements wllh vdunieer$ 4re diff1rltI¢ Value pwtsety in moretsry tern and have noi been recognIs in the SUateTnenl ol Financial Actr¢itEs. The volunteers and Ihtr charfty 8ctept and a9W that m contract ofemKAoymenl 1$ craaied bythtse arrangernen. 8 Staff costs and emoluments Silarycosts 2020 2019 GrDSS Salwies ex¢iut¥ing Iwsiees and key managemeni*r&onnd Trustees. R•murberalion 8$ dEtailed In rw)te 11 573 Tet•l ?alarfes. and rolatsd c06ts 22
DCYC Llmlted Notes to thè Accounts for the year ended 30 Septemb8r 2020 Plumbers olftsllllyne employees orlull tlmo•qulv&lents 2020 2019 The aver89è numberoftotal $t8ff ernOYed in ttEye¥wa5 The averagè nuntsrof part lim8 SlaTfemoYed In tyeWaS The estimated full lime equivalenlnLwnberof all stsff employed in the yearwd5 Th•$siinHl•dequfval•ntnumberoffullUme $tsttde0y0lJY diifwèntacDwues In Iheyww4$.'. Engagedon mandmPand 8dminisraUon Th•oStimatsdfullLlme ¢qulvalentnumberol¥iistarromployedas•bove Th&iletals of rernuneraJ paid to 1fttee$ 14 sh¢xw In note 11 PkJempioyee¥ re1ved emolument¥ lfrxcludlro pensKpn e0st51 In exctts of£60,ow wrannum. HwJh$si paid WmKloyee The rernunsrat In the yearyearwas 456 ToiAlremuner•iionpackayelncltsdodift totlsalarfe$pbove 456 9 Defined contributlon penslon 5¢h8mes The charity<Joes noperate a ¢elined conlribubDD pensK)n $Lerno. 10 Defined b¢neflt pènslon s¢herne The ¢nantydoe$ not operatea defirted ben$fil penslon Sch. 11 Remuneratlon 4nd p8ym•nt8 to Trust80$ ond persons ¢onno¢tèd wrth them 2020 2019 Remunwfonpayabh fo trustses orcomJoGi•dpoYsOJJ$ A McS%%ryggan T O'Kane 319 254 Total r•munerallon 573 In March 2020 the chty Tnade payments to 2trusts In Ih•if¢¥wiie$ as Youih Leadets. TheamDUn15 Invo6 are Small bula re has made lo ihe Charity Comrni5sion for North&rn Ireland ideDbtylng the payments as no peimis5ion or OtherautFv)rity was in pw. As al thedate DltThe approval 01lhe$e accwnts the kndiviauals tva repaid the amounts In ft)1110 theehanly. Tr&)$10 conb)bubons or¢iherempbyment benefits wertpald tothe indlvKJals. 12 TfU8tee5' expanses The expenses réimbursed 10 IruBtee$, or paid direcuy tolhird partyes, M the current orprforyear, wa$ 88 sh1 b8lLvw 2020 2019 The )unt rebnbwsed to trustses 130 The naturaof Ihe trustees. exp8n5es was travd. KM)Stage anu key¢uthng. Thenumberoltrustee$'towhom expenseswere reimbursed was o)ne. 23
DCYC Llmlted Notes to thg A¢¢ounts for the yè•r ended 30 Septernber 2020 13 Tangible fixed a$ts Leasehold Land and Bulldlngs CuTrort Year Totsl Cost At l Ociob&r 2019 AdtiOnS 4t4.060 55.15D 414.060 SS.150 At JO SWernb9r2020 469210 Dopro¢lallon 1 October 2019 Ch8rge forlheytrar 8,281 21,132 8281 21,1 At30 Septernber2020 Net book vluB Atjo septfymber 2020 439 797 At ¥9 September2019 Lea$8bold Land nd BulldirN PrYear Totsi Cost 01 O¢tther2018 AdthS 224.502 189.558 224.$02 189.558 01 October2019 414NO 414 0$0 Dopreclaiion Chargeforlhe year 8,281 8,281 01 Octob z019 8,281 8.281 N•t b)¢ value 01 orf¢bor2019 40$ 779 01 0ciobgr2018 224,502 l a58ets are used fordireGt charlt8Ue purKose5. 24
DCYC Llmited Notes to the Accounts for the y&8r ended 30 September 2020 14 Debtors 2020 2019 tJh8rdebtor# 20.000 41.250 15 Cr•drtors'. amounts tslling due withln one year 2020 2019 Trade Crt0[5 A¢cwafs Olh2T uedHo 2,146 2.250 36.691 2.750 36.842 41.087 39,692 16 Creditors.. amounts falllng due after one year 2020 2019 Bank bans ano overdrafts 0th8rcreditors 42,0 10,196 82J37 62.196 17 Loans toirustees Included In dvbtors There ai? no loans to ttU5te8s in¢luded In debtors al 30 Seplember 2020. 18 Guarantoes made by ¢ho charlty on behalf of tnjstees There were no guarante6$ made by Ihe charty en behawof any Irus188$ during the year. 19 Income and Expenditure •ccount summary 2020 2M$ At 1 O¢tober2019 Surplu¥ afterlax lor theyfrar 281,989 131,5411 304,152 122,183} At 30 Sept•mbtrr 2020 250.428 281.969 20 Post balanc• she8t•vents Afterlhe yfrarend, bul before th account$ were approved the UK govetntnenl r&inirodw•d resth¢bo3 In 8 effDrtto h811 anolherwave offt COVID-19 global paDdemi¢. The charity had lo dose I doors lo ns beneficianes. Whlst reserve$ are healthy. ihere Will Inevitaybtr Impacion the income fvDm advth8s usualty offered. tti$ nto pogsiLlelo demIne the ex8GI amouniof lostlncoffle. 21 No related party transactlon¥ There were no transactions wlh related parties In the year. except Mlh regard lo Irusls' remuneratron. which are fullydi5closed in the relevant noley. 22 Related partytransactSon¥ In Mh 2020ths Gharity made paymgntsio 2 IW$tees in iheirc8pacthe5 ag YoLrfh Lead&rs. The 8mounl$ involved a 9maii bth a report has been made the Charity Commis¥ion for Northem Ireland Id&niilyin9 the psyment$ as no pÈrmissh)n orolher authonty was in pla. AS al ihe dale Df Ihp approval ollhesè accounts theind1dua have repaKI theamounts invotr¢ed in full NOpensI ¢ontributKJns orotherempioyn*ni benefits were paid tolhe individuab. 25
DCYC Llmlted Notes to the Accounts for the year ènded 30 septeMr 2020 2020 2019 Trusw8s WaJg$ paym forYLyJlh Leadtrrwork 23 Partl¢ular5 of how parucularfunds are represented by as$ots and Ilablllt188 513 At 30 Septembor2020 Unw4trf¢tpd Desion4tsd funrt$ Rt•d Total fund¥ Fund Tanglt Fi AssetB Cur Assets Cuirènt Liatsllles Long Term Lkbililes fj8.739 17.5 {41,0871 371.058 3,321 439,797 20,917 141,087 6,9d8 367,431 At l Q¢tober 2Q19 Unrevlrlctsd fund• ¢)4¥1gnat• fund$ Rèitrt¢ts Total Funds Tartgib Fix8oAssets euttenlA5sets CurreN Liabilth Long Twm LiatrAlnbs 34.721 82.119 139.5921 182,3371 371,058 405,7T9 82.119 139,$921 {82,337} 371 058 36S.969 24 ¢hang¢ In total overthe ygaras shown In Notè 23, analysed by Individual fund8 Funrtl brought M¢vom•Dtkn ¥orY4rd Irom Fund ¢arrknl forwaffjto 2021 funds In 2020 S•e Note 25 Soy Not•0 lJnreSCfV(l1ndaslynJtefj1... Unresthcl& Revenue Funds 15.089) 11.8591 16,9461 Total unrgstsl¢t8d and designated fuwJ• Restrl¢tedfuftds.'. Restri¢tsd FiK&#As¥d Fund5 Communlty Youth Centre 371,058 371,058 3,321 3.321 T¢Jlal rest¢¢*d fvnd9 371058 3221 374.379 Total charfty funds 1,462 367,431 26
DCYC Llmited Notes to the Accounts for the year ended 30 September 2020 Fwids brought Movornont In forward from funds In 2019 2011 Tfansfqrn Funds carrjèd t¢fwardto 202D PRIOR YEAR lund$ kn 2Q19 un$cted3nd5I9rtdrffU1ts.". Vnwkncted Revenue Fund$ 11.3601 13.7291 {5,0891 T4)tai unr45tsl¢tqd and d8slgnat•(I funds 11J601 {3,7291 18.0891 Re61rfc¢wiiwnds.'. Re51rkd Asset Funds C¢tnrnunNyYouth Cenire 3DS,512 65.546 6S,546 436,604 165.5461 165A461 Total restrfc fund$ 305.$12 65,546 371,0 Totsl chaty fUJ• 304.152 61.817 36S,969 25 ATr8ly$l$ of movements in funds over the yèar a$ shown In Note 24 Inwm• exwndltur• Ovpm•nt L065•S 2020 2020 ZD20 2020 Unrestrl¢tedandrfaslynatgLlfynd&". Unreslrided Revenue Fu5 1.019 {2,8781 11.859 R•strktedfunts.'. Comtnunity Yothh Centre 33.003 {29,W21 3,321 32.560 1,462 2019 2018 201• Unre5trkteddd•sl9nat•dIu1ts.'. UnTe51rthd Revenut Fund9 2,141 15.8701 13,7291 Rostrlctedltsnds.". R•ikncted FWAsset5 Furth".- 84,000 86,141 124,3241 61,817 27
DCYC Limlted Notes to th• Accounts for the year ended 30 Sèptember 2020 26 Th8 purp05e8 forwhlch tho Thjnds Uftresrrl¢t•(landdgslgnateatfunds.'. Unrestrthd Reven Funds Thestrfunds are nèld forthè the obiBclrrfes ol Ihe charity. an¢ tts ovvje resèrvgs forluiuro aGliYilies, 8nO. subi2cI to ¢harity legislati, are free from all resttiOnS on thruse. Reththdfvnd&'. Re91rthd Fixed Asset Furkls The wrpose of Ih68Efunds18 dpscribed urthrthe a(xountirwJ pollcy 'A¢¢ounbng forwtal granL fixed B$stt rwds.. These funds are he forthe purpose ol meebnp the co$ts rélated lo the refUrtShmern ollhe Communityyoulh Csnire. They are re¥lricled totrM¥ purpDse solely the proi8thhas complgtsd. CommwltyYouiTh centre 27 Ultimats ¢Ontrolllng party Th*¢hanty 1$ undErthe¢othrol of IL8 i¢yal members. Every nwnb2roflhe chanty totontributa amountas maybe requirell n¢iexce8diog £10 to tht assets Ihe ¢ompany in Ihe event ofhs DÈin9 won4 upWhIe0r$he 1$ a member, or within one yearaft8f he or $tte a$¢¥ to be a Tnernber. 28
DCYC Limited Detslled analysis of in¢ome and exp•nditur• for the year end8d 30 September 2020 as r•qurred by the SORP 201S This analysis Is cla¥sslfl•d by conventional nominal descriptlons and not by activity. 28 Donation$. Grants and LÈgacle$ Currtrntyear Llnrestrlctod Fund¥ Currènt year Rg8tric*ed Fund$ 2020 urrent y&•r Total Funds PrtOTYear Total Fut)d8 2020 2020 2019 onation5 and g1ft5 from Incllvlduals Small donalK)n5 indivklualty bss Ih8n £1000 500 soo 2.141 Total donation$ and glfts from indlvlduals soo 500 2,141 urrgntyoav Unrostricted Funds urr•nty•ar Restricted Fund$ Cvrrent y•ar Total Funds Prlor Y•ar rotal Fund$ 2020 2020 2020 ZQ19 Capltsl grants from 9ov8mm6nt and public bothes QAERA 1,183 1,163 Tot81 publlc sector capltal grants 1,163 1.163 Currentyèar Unr•$trictod Fund$ Urr•nIar Rvtricted Fund¥ rrent yoar Total Funds PrforY•4r Total Fut)d 2020 2020 202Q 2019 Capltsl grdnts trom non publ1¢ bodies Fermanagh Trust 25,000 25,000 25.000 N8ts"onal Lottery Community Fund 6,840 6.840 NTR Windfarrn 35.000 Dalradian Gold 4,000 Garfield Weston Foundallon 20,000 Total privato $•ctor ¢apltal grants 31,840 31.840 AJI the grants In thè prDr year were unrestrKl8d. 29
DCYC Llmited Dètsiled analy$is of incorne and expendlture for tha ygar ended 30 Septsmber 2020 as requlred by the SORP 2015 Capltsl grant5 from non publ1¢ bodles- Prlor Ygar analysls Prlor Year Prior Year Restricted Funds Prloryoor Unre3trl¢t¢d Ftsnds Total Fund$ 2019 2019 2019 Prforyear 84,000 84.000 Total Donations. Grants and Legacle$ Total Donatlons, Grants and Legacles A1 500 33,003 33,503 86.141 All the dOnath) and 9rft5 in the prlor year were unrestricted. Pr79ry•ar uTrrOsIA¥d Funds 2019 Rg5trictd Fund¥ 2019 Pdor Yqar Total Funds 2019 Total Donatlons. Gronts and Lègacles A1 2.141 84,000 86.141 29 Incom from charitable a¢tivities - Trading Actlvities Currentygar Currnty¢ar Unrestrictsd Funds 2020 Cuvront year Regtri¢ted Fund$ 202Q Cutyènt y•&r Totsi Funds Prloryear Total fund5 2OZ 2019 Prlmary purpose and anciifary tradln9 Room hire 519 519 Total Pdmary purpos• and an¢lllary tradtng 519 519 30 Total IoMe from chaTitsble activltles Cunn¢ytar LlnrestFl¢ted urrent ypar R*$trl¢t4d Fund8 2020 eurrènt year Total Fund¥ Prloryoar Currentyeer Tot•1 FiJnd$ 2020 2D2 2019 Total income from Charrtab Ir8diry 519 519 Total from charltsbl8 aciivitles A2 519 519 30
DCYC Llmited Detsiled analy¥is of In¢ome and expenditure for the year ended 30 Sèpeembar 2020 as r•quired by the SORP 201$ 31 Expondilure on eharitabl• #ctrviti•s . Direct 5pendlng Curronty8ar Unrestrlcip(t Fund Curr8ntyear Rostri¢ted Funds Currenty•a PrlorY•ar Total Fund$ Total Funds Current Year 2020 2020 2020 2019 Gross wages and salaries- charilabla activities Total direct spendlng B2a 32 Support ¢08ts for ¢harltable activities CuThent year Llnre$tricted Funds Currwnt year Reslrfctsd Fund Currentar Prlor Ygar Total Fund¥ Tot41 Funds Currént Year 2020 2020 2020 2019 Employee costs not Includedln dlrgct costs Training and welfare. staff 240 240 Premises Expenses Rates and water charge3 Lighl heat and power Premises repairs, renewals and maintenance Property insulance 153 525 153 52$ 875 1,093 1,604 1.804 1,429 1,429 Admlnistratlve oYeteads Sundry expenses 41 41 Professlonal feos paid to advisots othgr than th• audltororexaminer Aecountancy fees other than xamination or audit fees 2,378 Other legal and professional 2,378 4.400 147 147 4.815 Finan¢ial costs Bank charges Loon interest Depreaalion & Amortlsalion in total for 85 3.209 21.132 8S 3,209 21.132 60 3.200 8,281 Support costs beforè reallocation 2,378 28.565 30.943 22,724 Less support costs reallocated to sp•cifi¢ activities To non chaTrtable costs 12.3781 12.3781 14,4001 Total support costs- Curr•nt Year 28,565 28.565 18,324 31
DCYC Limited Detailed analysls of income and expenditure for th• year end 30 Septembgr 2020 as requlred by the SORP 2015 The basis of allo¢ation of costs beiween activities is de$cribed under accounting polio$s 14AOO Prfor Yoar Unre8trkted Furnds 2020 Prlo¥Year Restricted Fund 2020 Year Prfor Year Total Fundy 2019 Premlses Expenses Rates and water ¢harges Light h&at and power 875 1,093 875 f.093 Prof*s8ional fees paid to advlsors Other lÈgal and professional 4.815 4.815 Financlal costs Bank charges Loan interest DeprecAation & Amortisation in total for 60 3,200 8,281 60 3,200 8,281 Support costs before reallocation 4.400 18.324 22,724 Totsl support costs . Prfor Year 18.324 18.324 The basis of allocation of costs betyveen Sclivifjes is described under accounting poll¢5 33 Other Expgndlture- Governance eosts Currotht year Unrestrlrtod Fun(Ls Currgntye81 Rostricted Fund¥ Curraniy¢ar Total Funds Prlor Yo$r Total Funds Current Y¢ar 2020 2020 2020 2019 Independent Examinerfs fees Trustees, remuneration Tru51ees' expenses 500 soo 573 1,470 573 130 Total Govemance costs 500 673 1.073 1,600 Prior Y¥•r Unre8trlct$d Funds 2019 Prior Year RO8¢rlctsd Fund$ 2019 PrlorY8ar Total Funds Prior Year 2019 Trustees, expenses 130 130 Total Goveman¢è coslg 1,470 130 1,600
DCYC Limlted Detailed analysls of Income and expenditurè for th8 year ended 30 September 2020 as requlred by the SORP 2015 34 Total Charitable expendlture CuThent y••r Uttrqstrlctod Funds cUrt yoar Re$tricted FuDds 2020 Cury8ntyeaF Prior Ye•r rtstsi Fund$ TO Fut)d$ Current Year 202 2020 2019 Total dir6¢t spending Total support costs Toial Govemance costs B2a B2d B2e 28.585 573 28,565 1,073 18.324 1.600 500 Total charttable expenditur¢ B2 soo 29.682 30,182 19,924 Prlor Year Unrealrlthd Fund Prlor Year Restricted Funds Prioryear Total FuTrJ$ Prior Year 2019 2019 2019 Total support costs Total Govemance cost$ B2d 82 18,324 130 18,324 1.600 1.470 rotal charftabl8 expenditure B2 1.470 18,454 19.924 35 Other trading expendItU unrelated to fundral$lng or charltsble activltl•$ Curnt ypar Unrostrlct•d Funds 2020 Curi•nt year Re8tA¢ted Funds 2920 Current year Total Funds Prlor Ygar Yot•l Funda 2020 2019 Reallocated from support costs 2,378 2,378 4.400 Non charity expet)diture 83b 2.378 2,378 Olhertrading exppndltur• unrglatsd to fundraising or charitablo a¢tivltles- Prlor Year analysis Unreslrlc¢èd FLbnd¥ 4,400 Restrl¢ted Funds Totsl Fund$ 33
DCYC Limited Dètailed analysEs of income and axpendlture for the year gnded 30 September 2020 as requir8d by the SORP 2015 36 Total of other expenditure Curr•ntyear Unre¥triGted Fund¥ 2020 cuentY0$Y Rgstrfclod Funds Curret)tyear Total Funds Prioryoar Curmnt Year Totsl Funds 2020 2020 2019 Non charity expenditure 2.378 1378 4,400 Total other expendlturg 2,378 2,378 4,400 AJI the expenditure In the prior year was unrestri¢t8d. PriirYir Urbre8trfct•d Fund8 2019 PriorY•ar Rostrlcted Fund8 2019 PrfTrr Yoar Yotsl Funds Prfor Year 2019 Non charity expenditure 4.4 4.400 Total othèr gxpènditure B3 4.400 4,400 34