NIC 100062
The Glens Community Association
Accounts
for the year ended 31 March 2025
The Glens Community Association
Contents
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Committee Report | 2-3 |
| IndependentExaminers Report | 4 |
| Statement ofFinancial Activities | 5 |
| Balance sheet | 6 |
| Notestotheaccounts | 7-10 |
The Glens Community Association
Legal and Administrative Information
Charity Name
Glens Community Association
Charity Number
NIC 100062
Operational Address
Trustees The Glens Community Association
Accountants
4/5 Glenlea Park Limavady BT49 ORR Pauline McGonigal-Chair Sean Harkin-Secretary Kathleen Mullan-Treasurer McGroarty McCafferty & Company Ltd Accountants and Tax Consultants 2 Carlisle Terrace Derry, BT48 6JX
Bankers
Bank of Ireland 2 The Diamond Coleraine Co. Derry BT52 1DE
Page 1
Glens Community Association Report of The Management Committee
The Management Committee present their report and the financial statements for the year ended 31 March 2025.
Principal activity and objectives
The Association is established to: relieve poverty, sickness and to promote 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 advance 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 Committee
The members of the charity for the purposes of charity law and throughout this report are collectively referred to as the trustees.
The members serving during the year and since the year end were as follows:
Pauline McGonigal
Sean Harkin
Katheen Mullan
Public Benefit
The public will benefit from educational and recreational programmes and projects which we will provide for them. These programmes will promote health and well-being, mental health, educational which will help gain qualifications. Services from statutory agencies such as advice clinic on benefits, PSNI advice, housing advice, drug and alcohol services and we will provide a sign posting service for any public services available which the residents require. Fees are not charged for this service and none of the trustees obtains a private benefit. These benefits are demonstrated through attendance lists for all activities, evaluation forms 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 mitigate the exposure to the major risks.
Financial review
The financial performance is summarised in the enclosed accounts.
Plans for Future Periods
The association plans to continue the activities as outlined above in the forthcoming years subject to satisfactory funding arrangements.
Page 2
Members Responsibilities In Relation To The Financial Statements
The members are reponsible for preparing the annual report and the financial statements 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 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 the financial year. In doing so the members are required to:
~ select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business.
The members are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial Statements comply with the Charities Act (Northern Ireland) 2008. The members 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.
Independent Examiner
A resolution will be proposed at the Annual General Meeting that McGroarty McCafferty & Company Ltd be re-appointed as accountants for the charity for the ensuing year.
By Order of the Management Committee: Committee Member > 4Y\ ab
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Date: 23 January 2026
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Page3
The Glens Community Association
Independent Examiner's report to the charity committee members of The Glens Community Association
We report on the accounts of the charity for the year ended 31 March 2025, which are set out on pages 5 - 10.
Respective responsibilities of charity committee members and examiner
As the charity's members you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.
It is our responsibility to:
- examine the accounts under Section 65 of the Charities Act; - follow the procedures Jaid down in the general Directions given by the Commission under Section 65(9) (b) of the Charities Act; ~ State whether particular matters have come to our attention.
Basis of Independent examiner's report
We have examined your charity accounts as required under Section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65 (9)(b) of the Charities Act.
Our examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included considerations of any unusual items or disclosures in the accounts, and seeking explanation from you as charity members conceming any such matters.
Our role is to state whether any material matters have come to our attention giving us cause to believe: 1, That accounting records were not kept in accordance with Section 63 of the Charities Act.
-
That the accounts do not accord with those accounting records.
-
That the accounts do not comply with the accounting requirements of the Charities Act.
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That there is further information needed for a proper understanding of the accounts to be reached.
Independent Examiner's Statement
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We have completed our examination and have no concerns in respect of the matters 1 - 4 listed above and, in
connection with the following Directions of the Charity Commission Northern Ireland; we have found no
matters that require drawing to your attention.
Sy omy eye os
McGroarty McCaff ompany Ltd
Accountants and Tax Consultants
2 Carlisle Terrace
Derry
N Ireland
BT48 6JX
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Date: 23 January 2026
Page 4
The Glens Community Association
Statement of Financial Activities
for the year ended 31 March 20245
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||
| Income and Expenditure | £ | £ | £ | £ | |
| Incoming Resources | |||||
| Grants Received& Other Income | 10,679 | 140,365 | 151,044 | 138,747 | |
| Total Incoming Resources | 4, | 10,679 | 140,365 | 151,044 | 138,747 |
| Resources Expended | |||||
| Management& Administration | 483 | 134,477 | 134,960 | 125,495 | |
| Total Resources Expended | 5. | 483 | 134,477 | 134,960 | 125,495 |
| Net Incoming / (Outgoing) Resources | 9. | 10,196 | 5,888 | 16,084 | 13,252 |
| Balances brought forward 1 April 2024 | (33) | 14,064 | 14,031 | 779 | |
| Balancescarriedforward31March2025 | 10,163 | 19,952 | 30,115 | 14,031 |
The above amounts relate to continuing operations of the group.
The organisation has 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 ihe net incoming resources for the year stated above and their historical cost equivalents.
Page 5
The Glens Community Association
| Balance shect | Balance shect | |||||
|---|---|---|---|---|---|---|
| as at31 | March 2025 | |||||
| 2025 | 2024 | |||||
| Notes | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible assets | 6 | 21,190 | 15,546 | |||
| Current assets | ||||||
| Debtors | 7 | 13,739 | 8,295 | |||
| Cash atbankand inhand | 8,213 | 22,966 | ||||
| 21,952 | 31,261 | |||||
| Current liabilities | ||||||
| Othercreditors | 12,132 | 32,176 | ||||
| Accruals | 895 | 600 | ||||
| 13,027 | 32,776 | |||||
| Netcurrent assets/(liabilities) | 8,925 | (1,515) | ||||
| Total assets less current | ||||||
| liabilities | § | 30,115 | 14,031 | |||
| Representedby | ||||||
| Unrestricted Restricted |
10,163 19,952 |
(33) 14,064 |
||||
| 9 | 30,115 | 14,031 |
We approve these accounts and confirm that we have made available all relevant records and information for their preparation.
Committee Member Committee Member
Date: 23rd January 2026
Date: 23rd January 2026
Page 6
The Glens Community Association
Notes to the accounts for the year ended 31 March 2025
- Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
1.1. Accounting convention The accounts are prepared under the historical cost convention modified when necessary, and in compliance with the Charities SORP (FRS 102).
12. Income
Income is mainly 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 which they are received in line with the Charities SORP (FRS 102).
Revenue grants are credited to the Statement of Financial Activities in the year they are received.
Gi) Donations & administration income.
This comprises amounts received during the year.
3. Expenditure
- (i) Direct Charitable Expenditure
This represents all expenditure directly attributable to charitable causes.
(ii) Management & Administration
This includes all other expenditure not directly allocated above and a portion of the overhead costs attributable to management and administration.
1.1. Tangible fixed assets and depreciation
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
- 15% Straight Line
Page 7
The Glens Community Association Notes to the accounts
for the year ended 31 March 2025
4. Income
| Income | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Restricted Income | ||
| DFC income | 90,248 | 89,856 |
| Causeway Coastand Glens Borough Council | 6,722 | 4,750 |
| Coast grant | - | 300 |
| NIHE | 1,070 | - |
| Active Living Grant | 700 | 400 |
| Triangle Housing | 13,178 | - |
| DunbegWindfarm | 2,500 | 3,860 |
| Education Authority | 2,625 | 2,961 |
| Co-Op | - | 9,583 |
| Roe ValleyCommunity | 17,556 | 14,782 |
| Clear | 4,456 | 3,793 |
| Sundrygrants& income | 1,310 | 6,700 |
| 140,365 | 136,985 | |
| Unrestricted Income | ||
| Other income | 10,679 | 1,762 |
| 10,679 | 1,762 | |
| TotalIncome | 151,044 | 138,747 |
(i) Restricted Funds
Funds received which are earmarked by the Funder for specific purposes. Such purposes are within the overall aims of the organisation.
(ii) Unrestricted Funds
Funds which are expendable at the discretion of the association in furtherance of the aims of the charity. In addition funds may be held in order to finance capital investment and working capital.
Page 8
The Glens Community Association
Notes to the accounts
for the year ended 31 March 2025
5. Resources Expended
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Management& Administration | |||||
| Wages and salaries | - | 51,436 | 51,436 | 51,392 | |
| Pension costs | - | 4,332 | 4,332 | 4,037 | |
| Rates andwater charges | - | 245 | 245 | 223 | |
| Insurance | - | 1,228 | 1,228 | 1,104 | |
| Postage, printing and stationery | - | 2,333 | 2,353 | 2,042 | |
| Telephone and Internet | - | 1,230 | 1,230 | 1,183 | |
| Heat and Light | - | 2,167 | 2,167 | 1,912 | |
| Programme costs | 120 | 64,399 | 64,519 | 56,840 | |
| Accountancy fees | - | 636 | 636 | 708 | |
| Repairs and maintenance | - | - | - | 710 | |
| Bank fees and interest | 363 | - | 363 | 383 | |
| Travel | - | 725 | 725 | 873 | |
| Subscriptions | - | 164 | 164 | 159 | |
| Depreciation | . | 4,376 | 4,376 | 2,873 | |
| Sundries | - | 1,186 | 1,186 | 1,056 | |
| 483 | 134,477 | 134,960 | 125,495 | ||
| 6. | Tangible assets | ||||
| Equipment | Total | ||||
| £ | £ | ||||
| Cost | |||||
| At I April 2024 | 19,150 | 19,150 | |||
| Additions | 10,020 | 10,020 | |||
| At31 March 2025 | 29,170 | 29,170 | |||
| Depreciation | |||||
| At 1 April 2024 | 3,604 | 3,604 | |||
| Charge for the year | 4,376 | 4,376 | |||
| At31 March 2025 | 7,980 | 7,980 | |||
| Net bookvalues | |||||
| At 31 March 2025 | 21,190 | 21,190 | |||
| At31March2024 | 15,546 | 15,546 |
Page 9
The Glens Community Association Notes to the accounts for the year ended 31 March 2025
| 7. | Debtors | 2025 | 2024 | ||
|---|---|---|---|---|---|
| £ | £ | ||||
| Sundry debtors & Grants due | 13,739 | 8,295 | |||
| 8. | Current liabilities | 2025 | 2024 | ||
| £ | £ | ||||
| Taxes and social security costs | 1,333 | 571 | |||
| Other creditors | 10,799 | 31,605 | |||
| Accruals | 895 | 600 | |||
| 13,027 | 32,776 | ||||
| 9, | Movements in Funds | At | At | ||
| 1April | Incoming | Outgoing | 31 March | ||
| 2024 | resources | resources | 2025 | ||
| £ | £ | £ | £ | ||
| Restricted funds: | |||||
| Total restricted funds | 14,064 | 140,365 | (134,477) | 19,952 | |
| Unrestricted funds: | |||||
| Total unrestricted funds | (33) | 10,679 | (483) | 10,163 | |
| 14,031 | 151,044 | (134,960) | 30,115 |
Purposes of Restricted Funds
Restricted grants awarded to the charity is provided to cover the core objects as explained in the report to the management committee.
Page 10