NIC 100062 The Glens Con)munity Assoeiation Aceounts for the year ended 31 March 2025
The Glens Communlty Association Contents Page Legal and Administrative Jnforn]ation Committee Report Independent Examiners Report Statement of Financial A¢tivities Balance sheet Notes to the accounts 7.10
The Glens Communlty Association Legal and Administrative InforntiOn Charity Name Glens Community Association NIC 100062 Charity Number Operatfional Addr 415 Glenlea Park Limavady BT49 ORR Trustees The Glens Community Association Pauline McGoDigal-Cbair Sean Harkin-secretary Kathleen Mullan-Treasurer AecountAnts McGroaty Mccaffety & Company Ltd Accountants alld Tax Consultants 2 Car]isle Terrace Deny. B T48 6JX Bankers Bank of Ireland 2 The Diamond Coleraine Co. Derry BT52 IDE Page I
Glens Community Association Report of The Management Committee The Management Conm)ittee present their report and the financial Ststements for the year ended 31 March 2025. Princlpal activity and objectives The Association is established to., relieve povety, sickness and to promot¢ the benefits of the inhabitants of The Glens, Limavady and district area of Co Londonderry and its environs without distinction of age. gender. race, political, religious or other opinion, by associating the statutory authorities, voluntary organisations and inhabitants in a common effort to advanc¢ education, and to provide facilities in the interests of social welfare for recreation or leisure-time occupation, with the object of improving the condition of life for the said inhabitants. Management Conullittee The members of the charity for the purposes of charity knw and throughout this report are collectively referred to as the trustees. The members serving during the year and since the year end w¢re as follows: Pau]iDe McGonigal Sean Harkin Katheen Mullan Public Benefit The public will benefit from educational and recreational pTogrammes and projects which we will provide for them. These progranllnes will promote health and well-being, mental h¢alth, educational which will help gain quaIifications. Services from statutory agencies such as advice clinic on benefits, PSNI advice, housing advice. drug and alcohol services and we will provide a sign postitig service for any public services available which the residents require. Fees are not charged for this service and non¢ of the trustees obtains a private benefit. These benefits are demonstrated through attendance lists for all activities, evaluation forn from participants and photographic evidence to measure the success of each activity. Risk Management The members have assessed the major risks to which the association is exposed, in particular those related to the operations and finances of the association, and are satisfied that Systems are in place to mitigat¢ the exposure to the major risks. Financial revAew The fmancial perforniance is summarised in the enclosed accounts. Plans for Future PerAods The association plans to Continue the activities as outlined abov¢ in the forthcoming years subject to satisfactory nd1Thg arrangements. Page 2
Members Responsibilities ID Relation To The Financial Statements The members are reponsible for preparing the annual report and the fuiancial ststements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice. The law applicable to charities in Northern Ireland requies the members to prepare financial statements that give a iiue and fair view of the state of affairs of the charity at the end of the financial year and of its sUlUS or deficit in the financial year. In doing so th¢ members are requi1 to: - select suitable accounting policies and apply them consisfrntly. - make judgements and estinte$ that are reasonable and Prudent: - prepare the fmancial statements on the going cOnrn basis Unless it is inappropriate to presume that the charity will continue in business. The members are responsible for maintailliog proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the fmancial statements comply with the Charities Act (Northern Ireland) 2tK18. The members are aIso responsible for safeguarding the assets of the charity and h¢nce for taknng reasonable steps for the prevention and detection of fraud and other itregularities. Independent Examiner A resolution will be proposed at the Annual General Meeting that McGroaty Mccafferty & Conipany Ltd be re-appointed as accountants for the charity for the ensuing year. By Order of the Management Conm]ittee.' Committee Member Date: 23 January 2026 Page 3
The Glens c0mmwty AOCiation Independent Examiner's report to the charlty eonllnittee members of The Glens Conllnunity knociation We report on the accounts of the charity for the year ended 31 March 2025, which are set out on pages 5 - 10. Respective responsibilfities of charity committee members and examiner As the clwity's members you are responsible for the preparation of the accounts in accordance with the Charitie5 Act (Northern Ireland) 2008. It is our responsibility to." - examine the accounts under Section 65 of the CharAties Act. - follow the procedures laid down in the general Directions given by the Commission under Section 65(9) (b) of the Charlties Act. - state whether particular matters have corne to our attention. Basis of Independent examiner's report We have examined your charity accounts as required under Section 65 of the chltieS Act and our examination was cattied out in accordance WAth the general Directions given by the Chlty Commission for Northern Ireland under Section 65 (9)(b) of the Charities Act. Our examination included a review of the accouDting records kept by the charity and a comparASOll of the accounts preseDted with those records. It also included considerations of any unusual Atems or disclosures in the accounts. and seeking explanation from you as charity members concemtng any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe". l. That accounting records were not kept in accordance with Se¢tion 63 of the Charities ACL 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accounting iequiiements of the Charlties Act. 4. That thcre is further inforntion needed for a proper undetanding of the accounts to be reached. Independent Exanthier's Statement We have completed our examination and have no concerns in respect of tbe matters 1- 4 listed above and, in connection with th¢ following Directions of the Charity Commission Northern Ireland. we have found no matters that require drawimg to your attention. McGroarty Mccafferty & Company Ltd Accountants and Tax Consultants 2 Carlisle Terrace Derry N Ireland BT48 6JX Date: 23 January 2026 Page 4
The Glens Community Assodation Statement of Financial Activitl for the year ended 31 Mareh 2025 Unrestricted Restricted Funds Income and Expenditure 2025 2024 Jneoming Resourees Grants Received & Other Income Total Incoming Resources 10,679 140,365 151.044 138.747 10.679 140.365 151,044 138.747 Ruources Expended Management & Administration Total Resources Expended 483 134.477 134,960 125,495 483 134,477 134,960 125,495 Net Incoming / (Outgoing) Rur 10,196 5,888 16,084 13,252 Balances brought forward l April 2024 (33) 14,064 14,031 779 Balances cazried forward 31 March 2025 10,163 19,952 30,115 14,031 The above amounts relate to continuing operations of the group. The organisation h&5 no recognised gains and losses other than those included in the results above and therefore no separate statement of total recognised gains and losses has been presented. There is no difference between the net incon)ing resources for the year stated above and their historical cost equivalents. Page 5
The Glens Community Association Balance sheet as at 31 March 2025 2025 Note5 2024 Fixed assets Tangible assets Current &ssets Debtors Cash at bank and in hand 21,190 15,546 13,739 8,213 8.295 22,966 21.952 31,261 Current liabijities Other creditors Accruals 12,132 895 32.176 600 13.027 Net current a&¥ets/Oiabilitles) Total ets less current Ilabiliti 32,776 8,925 (1,515) 30.115 14,031 Represented by Unrestiicted Restticted 10.163 19,952 (33) 14.064 30,115 14,031 We approve these accounts artd confirn] that we have made available all relevant records and illforniation for their prepardtion. Committee Member Committee Member Date: 23rd January 2026 Date.. 23rd January 2026 Page 6
The Glens CommuDity A&sociation Notes to the aecounts for the year ended 31 March 2025 Accounting policles The principal accounting policies adopted in the preparation of the financial statem¢nts are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. 1.1. Accountlng convention The accounts are prepared under the historical cost Convention modified when necessary, and in compliance with the Charities SORP (FRS 102). 12. Income Illcon is n]ainly derived from grants and donations. Income (i) Grants Grants represents all amounts received and receivable during the year. Capital grants are released to the Statement of Financial Activities in the year in whtch they are Teceived in line with thc ChltieS SORP (FRS 102). Revenue grants credited to the Statem¢nt of Financial Activities in the year they are received. (ll) Donations & administration income. This comprises amounts Teceived duting the year. Expenditure (i) Direct Cknitable Expenditure This represents all expenditure directly attributabje to charitable causes. (ll) Management & Administration This includes all other expenditure not direcdy allocated above and a portion of the overhead costs attributable to management and administration. 1.1. Tangible fixed a&sets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to writs off the cost or valuation less resAdual value of each asset over its expec*d useful life, as follows.. Equipment 15% Straight Line Page 7
The Glens Communlty Association Notes to the accounts for the year ended 31 March 2025 Ineome 2025 2024 RtrIcted Ineome DFC income Causeway Coast & Glens Bor Cncl Coast grant 90.248 6,722 89,856 4,750 300 Active Living Grant Triangle Housing Dunbeg Windfann Education Authority 1,070 700 13.178 2,500 2,625 3,860 2,961 9,583 14,782 3.793 6,700 Roe Valley Conllnunity aear Sundry grants & income 17,556 4,456 1.310 Unrostricted Income Other income 140,365 136.985 10.679 1.762 Total Income 10,679 1.762 151.044 138,747 (i) Restricted Funds Fund5 received which are earmarked by the Funder for specific purposes. Such purposes are within the overall aims of the organisation, (li) Unrestrlcted Funds Funds which are expendable at the discretion of the association in furtherance of the aijns of the charity. In addition funds may be held in order to finance capital investment and working apital. Page 8
Tbe Glens Community A&socRation Notes to the accounts ror the year ended 31 March 2025 Resources Expended Ujjrestrieted Restricted Funds Funds Total 2025 Total 2024 Management & AdMfjtrati0n Wages and salaTies Pension costs Rates & water charges Insurance Postage, printing & stationery Telephone & Ioternet Heat & Light Programme Costs Accountancy Fees Repairs & Maintenance Bank Fees & Iuterest Travel Subscriptions Depreciation Sundries 51.436 4,332 245 1,228 2.353 1.230 2,167 64.399 636 51,436 4,332 245 1,228 2,353 1,230 2,167 64.519 636 51.392 4,037 223 1.104 2.042 1.183 1,912 56.840 708 710 383 873 159 2,873 1,056 120 363 363 725 164 4,376 1,186 725 164 4.376 1.186 483 134,477 134,960 125.495 Tangible assets Equipment Totsl Cost At l April 2024 Additions 19.150 10,020 19.150 10,020 At 31 March 2025 Depreeiation At l April 2024 Charge for the year At 31 March 2025 Net book valuos At 31 March 2025 At 31 March 2024 29,170 29.170 3,604 4,376 3,604 4.376 7,980 7,980 21,190 21.190 15,546 15.546 Page 9
The Glens Communlty A&sociation Note5 to the accounts for the year ended 31 March 2025 Debtors 2025 2024 Sundry debtors & Grants due 13,739 8,295 Current liabilities 2025 2024 Taxes and social 5ecurAty costs Other creditors Accruals 1,333 10,799 895 571 31,605 600 13,027 32.776 Movements in Funds At At l April Incoming Outgoing 31 March 2024 r&wurc&8 resources 2025 R&8tricted funds.. Total restsi¢ted funds Unrestricted funds: Total unrestricted funds 14,064 140.365 (134.477) 19,952 (33) 14,031 10,679 (483) 151.044 (134,960) 10,163 Purposes of R&strlcted Funds Restricted grants awarded to the charity is provided to cover the core objects as explained in the report to the managen]ent coniniittee. 30.115 Page 10