YOUR DERRY C.I.C.

Company limited by guarantee

Company Registration Number:
NI651056 (Northern Ireland)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

YOUR DERRY C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

YOUR DERRY C.I.C.

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 28 February 2024

Ryan Williams
Nicola Duffy
Ciaran Murray


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 November 2024

And signed on behalf of the board by:
Name: Ryan Williams
Status: Director

YOUR DERRY C.I.C.

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 7,750 9,000
Cost of sales: ( 7,750 ) ( 9,000 )
Gross profit(or loss): 0 0
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

YOUR DERRY C.I.C.

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 461 7,870
Total current assets: 461 7,870
Creditors: amounts falling due within one year: 3 ( 419 ) ( 7,828 )
Net current assets (liabilities): 42 42
Total assets less current liabilities: 42 42
Total net assets (liabilities): 42 42
Members' funds
Profit and loss account: 42 42
Total members' funds: 42 42

The notes form part of these financial statements

YOUR DERRY C.I.C.

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 November 2024
and signed on behalf of the board by:

Name: Ryan Williams
Status: Director

The notes form part of these financial statements

YOUR DERRY C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Members Liability The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

YOUR DERRY C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

YOUR DERRY C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 419 7,828
Total 419 7,828

COMMUNITY INTEREST ANNUAL REPORT

YOUR DERRY C.I.C.

Company Number: NI651056 (Northern Ireland)

Year Ending: 28 February 2024

Company activities and impact

Our funds come from our members, (local businesses and private citizens) who contribute a small amount each month (£20.24) to be used to seed fund new entrepreneurial endeavors around Derry city for the benefit of the region. We also receive single one-off donations from benefactors and passionate members of the diaspora, who believe in our goals. Your Derry’s funds (dispersed via a project called The LAB Fund), help fledgling startups, budding entrepreneurs and community activists get their projects off the ground by providing seed capital towards great ideas and initiatives other funding organisations may not be able to help, help quickly or quantify the potential/impact of for the local economy. Our work promotes Leadership, Ambition and Belief around the region and encourages people to pursue these values in their lives and work, as a broader message to the population that these values can not only change their own lives, but will benefit the entire city and region. We’ve used the LAB Fund to support several private and social enterprises around Derry City which have shown great potential for growth, employment and improving the economic landscape and profile of the city and region.

Consultation with stakeholders

We consider both our regular paying members and the wider public to be our stakeholders - and we consult with them using a) a members mailing list and b) our social media channels respectively, informing them at each stage about the next round of funding, who has been short listed and why we’ve supported each award made. Each round of funding is overseen by a panel of judges that include Your Derry directors and paying members of the LAB Fund with a relevant background in founding private and social enterprises. It’s a true community based collaboration and initiative.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
4 October 2024

And signed on behalf of the board by:
Name: Ciaran Murray
Status: Director