NIC 100062 The Glens Communlty Association Accounts for the year ended 31 March 2024
The Glens Community A550ciation Contents Pago Legal and Administrative Information Coininittee Report Independeiit Examiners Report Statement of Fiiiuiicial Activities Balance sheet Noles to tlie accounts 7-10
The GIens Community Association Legal and Administratlve Information Charity Name Glens Coinmunity Association Charlty Number NIC 100062 Operational Address 415 Glenlea Park Limavady BT49 ORR Trustocs Tlie Glens Community A55ociatlon Pauline McGonigal-Chair Sean Harkin-secretary Kathleen Mullan-Treasurer Rita Smyth Accountunts McGroarty Mccaffety & Compaiiy Ltd Accountants and Tax Consultants 2 Carlisle Terrace Derry, BT48 6JX Bankers Bank of Ireland 2 Tlie Diainond Coleraine Co, Derry BT52 IDE Page I
Glens Community Association Report of The Management Committee Tlie Maiiagement Cominittee present tlieir report and the financial statements for the year ¢nded 31 March 2024. Princfipal activity and objectives The Association is established to: relieve poverty, sickness and to promote the benefits of the inhabitants of The Glens, LiEnavady and district area of Co Loiidonderry and its eiivirons without distinction of age, gender, race> political, religious or other opinion, by associating the statutory authorities, voluntary organisations and inhabilants in a commoii effort to advaiice education. and to provide facilities in the interests of social welfare for recreation or leisuK-tiine occupation, witli the object of improving the condition of life for the said iiiliabitaiits. Managomcnt Committee Tlie meiiibers of the charity for tlie purposes of charity law and throughout this report are collectively referred to as tlie trustees. Tlie Inembers scrving during the year and since the year end were as follows: Pauline McGonigal Seaii Harkin Katlieeii Mullaii Siiiead McGonigal Rita Smylli Public Benefit The public will benefit from educational and recreational programines and projects which w¢ will provide for them. Tliese programmes will proinote h¢altli and well-being, mental health, educational which will help gain qvalificatioiis. Scrvi¢¢s from statutory agencies such as advi¢¢ clinic on benefits, PSNI advice, housing advice, drug aiid alcohol seivices and w¢ will provide a sign postÈn8 service for any publi¢ serviGes available which tlie residents require. Fees are not ch&rged for this servi¢¢ and none of the trustees obtains a private benefit. Tliese benefils are demonstrated tlirough attendance lists for all activities, evaluation forms from participant5 and photographic evidence to measure the success of each activity. Ris1£ Manngemont Tlie meinbers have assessed the major risks to which Ilie association is exposed, in particular those related to the operat'ions and finances of the association, and are satisfied that systems are in place to mitigate the exposure to the major risks. FinanclAI review Tlie financial performaiice is suniinarised in tlie enclosed accounts. Pliins foi. fi uture Perlods The associatioii plans to continue the activities as outlined above in the forthcoming years subject to satisfactory fuiiding arrangeinents. Pagc 2
Members Responsibilxtics In Relation To The Financial Statements The meinbers are reponsible for preparing the annual report and the financial statements in accordance with tlie applicable law and United Kingdom Generally Accepted Accounting Practice. The law applicable to cliarities in Northern Ireland requies the members to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit in tlic financial y¢ar. In doiiig so the members ar¢ requir¢d to: select suitable accounting policies and apply them consistently; Inak¢ judgeinents and eslimates that are reasonable and prudent; prepare the financial stateineiits on the going concern basis unless it is inappropriate to presume that the cliarity will continue in business. The melnbers are responsible for maintaining proper accounting records which disclose with re&8onable accuracy at any time the financial position of the charity and enablcs them to ensure that the financial statements comply with tlie Cliarities Act (Nortlierii Ireland) 2008. The members are also responsible for safeguarding tlie assets of the cliarity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Indop¢iident xamlner A resolution will be proposed at the Annual Geiieral Meeting that McGroaty Mccafferty & Company Ltd be re-appointed as accountants for the charily for tlie ensuing year. By Order of tlie Maiiageinent Committee: Conimittee Member Date: 20 August 2024 Page 3
Thc Glens Community Association Independent Examin¢r's i'cport to the charity committee members of The Glens Community Associatxon We report 011 tlie accounts of tlie charity for the year ended 31 March 2024, which are set out on pages 5 - 10. Respective responsibilities of charity committee members and oxaminer As the cliarity's Iiiembers you are responsible for the preparation of the accounts in accordance with the Charities Act (Nortliern Ireland) 2008. It is our responsibility lo: exainine the accounts under Seclioii 65 of the Cl)arities Act: follow the procedures laid down in the general Directioiis given by tlie Coininission under Section 65(9) (b) of tlie Charities Act; stat¢ wlietlier particular matters have come to our attention. Basis of Independent exAmlner's report We Iiave examined your charity accouiits as required under Section 65 of the Charities Act and our examiiiation was carried out in accordance witli the general Directions given by the Charity Commission for Northern Ireland uiider Section 65 (9)(b) of the Charities Act. Our examiii(Ition included a r¢view of the accouiiting r¢¢ords kept by tlie charity and a comparison of the accounls presented witli those records. It also iiicluded considerations of any unusual items or disolosur¢s in the accounts, and seeking explanation from you as cliarity members concerning any such matters. Our role is to state wliether any Inaterial matters liave come to our attention giving us cause to believe: l. Tliat accounting records were not kept in accordance with Section 63 of the Charities Act. 2. Tliat tlie accounts do not accord witli those accounting records. 3. That the accounts do not comply with tlie accounting requirements of the Charities Act. 4. That there is further inforiiiation needed for a proper understanding of the accounts to be reached. Indcpcndent fi xaniiner's Statement We liave completed our exainination and have no concerns in respect of the matters 1 4 listed above and, in coiiiiection with tlie following Directions of the Cliarity Commission Northern Ireland; we have found no niatters that require drawing to your attention. McGr artym Cafferty & Co pany Ltd Accountants and Tax Consultants 2 Carlisle Terrace Derry N Irelrfind BT48 6JX Date: 20 August 2024 Page 4
The Glens Community Association Statemellt of Financial ActivAties for th¢ year ended 31 Ivlareh 2024 Unrestricted Funds Restrlcted Funds 2024 2023 Incomc and Expendlture InconiAng Resources Graiits Received & Other Incoine 1,762 136,985 138,747 107.149 Totul Incoming Resources 1,762 136,985 138,747 107,149 Resources Expendcd Manageinent & Adininistration 548 124,947 125,495 107,380 Tollll Resources li xpended 548 124,947 125,495 107,380 Net Incomiiig l (Outgoiiig) Resourccs 1.214 12,038 13,252 (231) Balances brought forward l April 2023 (1,247) 2,026 779 1,010 Balance5 cari'ied forward 31 March 2024 (33) 14,064 14.031 779 Tho abov¢ ainount5 relate to coiitinuing operalions of the group. Tlie organisation has no recognised gains and losses other than those included in the results above and tli¢i'efore no separate statei]]ent of total recognised gains aERd losses has been presented. There is no difference betwcen the net incoining resources for the year stated above and tl)eir Iiistorical cost equivalents. Page 5
The Glens Community Association Balance sheet as at 31 March 2024 2024 2023 Notes rilxed a55ets Tangible assets 15,546 4,139 Current assets Debtors Cash at baiik and in hand 8,295 22,966 2,753 7,171 31,261 9,924 Current liabilitl Other creditors Accruals 32,176 600 12,096 1,188 32.776 13,284 Net euri.ent liabilities (1,515) (3,360) Tolal assets less current liabilities 14,031 779 Represented by Unrestricted Restricted (33) 14.064 (1,247) 2,026 14,031 779 We approve tliese accounts and confirm that we have made available all relevant records and infonnation for their preparatioii. Committee Mcmber Commlttec Member Date: 20th August 2024 Date: 20th August 2024 Page 6
The Glens Community Association Notes to the accounts for the year ended 31 March 2024 Accounting policlcs The principal accouiiting policies adopted in the preparation of the financial statemeiits are set out below and have remained unchanged from the previous year, and also have been consistently applied withiii tli¢ samc accounts. 1.1. Accountlng coiivention Tlie accounts are prepared under the historical cost convention modified when necessaryg and in coinpliance wilh the Charities SORP (FRS 102). Incomo Income is Inainly derived from grants and donations. Income (i) Grants Graiits represents all amounts received and receivable during the year. Capital grants are released to the Stateinent of Financial Activities in the year in which they are received iii liiie with tlie Cliarities SORP (FRS 102). Revenue grants are credited to tlie Statement of Financial Activiti¢s in tlie year tl)ey are rcc¢ived. (li) Donations & adiiiiiiistration income. Tliis coinprises amounts received duriiig the year. Expendlturc (i) Direct Charitable Expenditure Tliis represents all expenditure directly attributable to charitable causes. (ii) Management & Admiiiistration Tliis includes all other expenditure not directly allocated above and a portion of the overhead costs altributable to inanagement and adiiiinistration. 1.1. Tanglble fixed assels and depreclation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates Calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows: Equipment 150/0 Straight Line Page 7
The Glens Community Association Notes to tbe accounts for the year ended 31 March 2024 Iiicome 2024 2023 Restricted Income DFC incoine Causeway Coast & Glens Bor Cncl Coast grant NIHE Coinmunity Foundation for NI Active Liviiig Grant Halif&x foundation Dunbeg Wiiidfarin Education Autliority Ragdoll Foundation Co-op Roe Valley Cominunity Iiidepeiident Age W14SCT Clear Sundry graiits & iiicoine 89.856 4,750 300 77,295 7,952 200 125 4.490 200 3.650 400 3,860 2.961 2,357 150 2,688 9,583 14,782 271 650 4,326 3,793 6,700 136,985 104.354 Unrestricted Inconie Otlier ii)Goiiie 1,762 2,795 1,762 2,795 Total Income 138,747 107,149 (i) Ilestrictcd Fuiids Funds received wliich are eariiiarked by the Fuiider for specific purposes. Such purposes are witliiii the overall aiins of tlie organisation. (li) Unrestricted Funds 4unds wliicli are expendable at the discretion of the association in furtherance of the aims of tlie cliarity. In addition funds Inay be h¢ld in order to finance capital investment and working capital.. Page 8
The Glens Community Association Notes to the accounts for the year ended 31 Ilqarch 2024 Resources Ei xpended Unrestricted Funds Restricted Funds Total 2024 Total 2023 Management & Admlnlstration Wages aiid salaries Pensioii costs Rates & water charges Insurance Postageg printing & stationery Teleplione & Internet Heat & Light Prograinme Costs Accouniancy Fees Repairs & Mainteiiaiice Bank Fees & Interest Travol Subscriptioiis Depreciation Suiidri¢s 51,392 4,037 223 1,104 2,042 1,183 1,912 56,675 708 710 51,392 4,037 223 1,104 2.042 1,183 1,912 56,840 708 710 383 873 159 2.873 1,056 58,807 4,030 196 923 1,914 1,150 2,244 34,496 618 811 394 429 227 731 410 165 383 873 159 2,873 1,056 548 124.947 125,495 107.380 Tangible asscts Equipment Total Cost At l April 2023 Additions 4.870 14,280 4,870 14,280 At 31 March 2024 19,150 19,150 Depreci.Ition At l April 2023 Cliarge for tlie year At 31 March 2024 731 2,873 731 2,873 3,604 3,604 Net bookvalues At 31 Marcli 2024 15,546 15,546 At 31 Marcli 2023 4,139 4,139 Page 9
The Glens Community Association Notes to tlie accounts for the year ended 31 March 2024 D¢btors 2024 2023 Suiidry debtors & Grants due 8,295 2,753 Current liabilities 2024 2023 TeS aiid social security costs Olher creditors Accruals 571 31,605 600 3,513 8,583 1,188 32,776 13,284 Movements in Funds At At l April Ineoming Outgoing 31 March 2,023 resources resources 2,024 Restricted funds: Total restricted funds Unrcstrlclcd funds: Total unrestricted fuiids 2,026 136,985 (124,947) 14,064 (1,247) 1,762 (548) (33) 779 138,747 (125,495) 14,031 Purposes of Restrlcted Funds Restricted granls awarded to the cliarity is provided to cover the core objects as explained in the report to tlie Inaiiageinent coiniiiittee. Page 10