COMPANY REGISTRATION NUMBER.. N1037176 CHARITY REGISTRATION NUMBER: NIC100200 Garvagh & District Community Association Company Limited by Guarantee Unaudited Financial Statements 31 October 2025 •AF4G8021* 17106r2026 CC•APANIES HOUSE AFF EY Chartered accountants 50 Campsie Road Omagh Co Tyrone 8T79 OAG
Garvagh & District Community Association Company Limited by Guarantee Financial Stalements Year ended 31 October 2025 Page Trustees, annual report (incorporating the director's report} Independent examiner's report lo the truslees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial stalements Detailed statement of financial activities 14
Garvagh & District Community Association Company Limited by Guarantee Trustees. Annual Report (Incorporaling the Direclor's Report) Year ended 31 October 2025 The trustees, who are also the directors lor the purposes ot company law, Present their report and the unaudited linancial statements ol Ihe charily lor the year ended 31 October 2025_ Reference and admlnlstratlve detalls Registered charity name Garvagh 8 District Community Association Charity regi$lralion number NIC100200 Company registration numbèr N1037176 Principal olfice arHI registered 50 Carn Road office Castlederg Co Tyione 8T81 7XA The trustees John Pat Connolly BrKJget McGlinchey Hugh Moss Hvgh Anthony Moss Mrs M McFadden Mrs N Diggins Company secretory Hugh Anthony Wjss Independent examiner S P Mccaffrey 50 Campsie Roa(1 Omagh Co Tyr¢)ne BT79 OAG Stwcturei governance arml management Governing Document GaNagh & District Community Associaln is a company limited by guarantee IN10371761. The company is gtsverned by its memorandun and articles of associatlon. The company is recognised by the Charity Commission lor Northern Ireland under relerence NIC100200.
Garvagh & District Community Association Company Limited by Guarantee Trustees, Annual Report (Incorporating the Direclor's Report) (canllnutrd? Year ended 31 October 2025 Objectives and 8etivitie$ We have releried 10 the guidance contained in the Charity Commission's general guKJatKe on public benefit when reviewing our aims and objeclives and in planning our lulure activities. Prlnclp81 A¢tlvlty The Principal Acliviiy of the Company is to promoie lor the benefit ol the inhabilanls ol the Garva9h anLI District area ol County Tyrone and its enwrons io advance education ancl provKle faciltties in the interests ol social welfare lor recreation wilh the ol¥"ective ol improving the standara ol education, health, liiness and wellbeing of the sid inhabiianls. 11 is the policy of the Company to raise and donate monies to other various Charitable casuses. both natgaI and local. Achlevements and perforniance The charity hold a bvquarteily monthly dance and operates a weekly youth club. The charity's laeililies are hired out to other eommunily groups and Indivua1S lor information evenings, Social lunctlOTIS and sportingileisure athivitr'es and supwrt local start-ups in.the area. The Kathleen Graham Trust provided financial suA)ort to the gioup towards a new Climbing frame area. The charity welcorned the youth club funding Pfovided by the Halilax Foundation Nl through their Cotnrnunity Flex grant. DAERA provided funding through the Ruial Micro Capital Grant Scheme lor improved health and safety works in the chikdfen's playground. The youth dub is an integral part of the charil¥5 aeiivifies and the charity was fortunate to receive funding from the Education Authority to contribute lo running costs and lor the purchase ol eouipmenl. The charity continues lo provide remote services to our community Ihfough belriending services, sharing inlormation Ihrough social media. delivery service for the vulnerable people in our Community. The Trustee5 wish to aCknOedge the continued suppon Irom their funding partners and thank thern lor their financial assistance. Flnancial ievlew Grants The directors are satisfied that 1 grants have been used solely for the purposes for vknich Ihey were provided. Reserves pollcy The directors have set up a reserves policy which requires that reserves be mainrained. in unresiricled bank accounts, at a level which ensures thai ihe charitls core activities could conlinue during a period ol unlore5een dillicvlty. The aireclors consider that this figure should be £7,000. The Company's Reserve Policy is reviewed by the di¥torS on an annual basis. Small Company provislons This report has been prepared in accordance the prowsions applicable to eompanies entitled to the 5rnall companies exemption.
Garvagh & District Community Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {COnlirtvtdl Year ended 31 October 2025 The Iruslees, annual reFort was approved on 27 May 2026 and signed on behalf ol the board ol trustees by.. gh Anthony Moss Trustee
Garvagh & District Community Association Company Llmited by Guarantee Independent Examiner's Report lo the Trustees of Garvagh & District Community Association Year ended 31 October 2025 I report to the trustees on my examination of the financial slalements ol Garvagh & Dislricl Community Association I'the charity'l lor the year erKle(131 Ociober 2025. ResponslbllitSes and basls ol report A5 the tiusiees ol the company land also its directors lor the purposes of company lawl you are responsible lor the preparation ol the financial statements in accordance wih ihe requirements ol Charities Act (Northern Ireland) 2008 Ilhe .2008 Acl'l and the Companies Act 20061.the 2006 Act'l. You are satisfied that the accounts ol the company ale not required by charlty 01 company law to be audited and have chosen insiead lo have an indepeent exarnination. Having satisfied mysell that the aceounls ol the company are not required lo be audited uThJer Part 16 ol the 2006 Act and are eligible lor independent examination, I report in respeci ot rny examinaiion ol the charitys financial statements as carried out undei section 65 01 the 2008 Act. In carrying out my examination I have followed the general Direclions given by the Chwily Commission lor Northern Ireland under section 6519llbl ol the 2008 Acl. Independent examiner's statement I have completed my examination. I conliim that no matters have come lo my attention in connection with my exarnination giving me cause lo believe that in any maleiial respect.. accountiThJ rewrd5 were not kepl in res1 ol the charity as required by section 386 01 the 2006 Act- or the linancial stalemenls do not accord vthh Ihose records., or the financial slalemenls do comply with the accounting requirements ol seclion 396 of the 2006 Act other than any iequirement that the accounts give a 'true and lair, view which is not a matter considered as part ol an indepeThJenl examination. or the finaneial statements have not been prepared in accorclance with the meihods and principles ol the Statement ol Recommended Plalce lor accounting arKI reporting by charities applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I confirm that there are no other matters to which your attention should be drawn lo enable a proper understanding ol the accounis to be reached. Mc Hrey IrKJependent Examiner 50 Campsie Roa(J Omagh Co Tyrone BT79 OAG 27 May 2026
Garvagh & District Community Association Company Limited by Guarantee Statement of Flnancial Aclivities (including income and expendlture accounl) Year ended 31 October 2025 2025 Reslricled funds Total funds 2024 UnreslrKled fUlS Tal funds Note Income and endowments Donations and legacies Total Income 5,891 8,765 14,656 14,656 9,026 5,891 6.765 9.026 Expenditure Expenditure on raising funds.. Costs ol raising donations and legacbes Eypendilure on charitable activities Total expendlture 5.823 768 8.765 14.588 766 11,523 912 6.591 8.765 15,356 12,435 Net expendlture and net movement in funds 17ix>i (7001 13,409 Reconciliatlon of funds Total funds brought forward Total funds carried lorward 7.414 7.414 6.714 10.823 6,714 7.414 The statement ol financial acliwlies includes all gains and losses recognised in the year. All income and expenditure derive Irom continuing aeiiwties_ The notes on pages 7 to 12 fonn part of theje tlnancial 5tattm•nts.
Garvagh & Disirict Community Association Company Limited by Guarantee Statement ol Financial Posltlon 31 October 2025 2025 2024 Note Fixed a$$ets Tangible lixed assels 23,562 26,559 Cufrent a55ets Cash al bank and iri hand 24,403 16.199 cditors. amounts falling due wlthln one year Net current assets 10 16.551 7.723 7,852 31.414 8,476 35.035 Tolal assets le current liabilities Creditors- amounls falling due alter more than one year 11 24,700 6.714 27.621 7.414 Net assets Funds of the charity Unrestricted lunds 6,714 6,714 7,414 7,414 T¢tal charity funds For the year ending 31 Octolxr 2025 the charity was entilled to exemption from audit under section 477 01 the Companies Act 2006 relaling to small companies. Directors, responsibilities: The rnembeis have noi required the company lo obtain an audit ol its financial slalements lor the year in question in accordance with section 476.. The directors aeknovledge iheir responsibilities lor com wilh the reqviremenls ol the Act th respect to accounting records and the prepa,"ation of financial statements. These financial sratemenls have been prepared in aecordance with the provisions applieable to companies subject lo the small companies. regime. These financial statement5 were approveLf by the board ol truslees and aulhoriseL1 lor issue on 27 May 2026, and are signed on behalf ol the board by." QF pAr ny Bridgei M¢Glinchey Trustee ugh Anlhony Moss Tru51ee The notes on pages 7 to 12 lomi of ¢hese financlal $tstemenis.
Garvagh & District Community Association Company Limited by Guaranlee Notes to the Flnancial Statements Year ended 31 October 2025 General Informalion The charily is a public benelil.entity ano a private company limited by"guarantee, registered in Northern Ireland and a registered charity in Northern Ifeland. The address ol the registered offiee is 50 Carn"Road. Casllederg, Co Tyrone, BT81 7XA. Statement of ¢omplianc8 These financial statements have been ppared in comFAiance ¥Mth FRS 102, 'The Financial Reporting Standard applicable in the UK ancl the Republic ol Ireland., the Statement ol Recommended Practice applicable to charities preparing their accounts iri aceordance with the Financial Reporting Siandaré applicalje in the UK and Repvblic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and ihe Companies Act 26. Accounting policies Basls ot preparation .The linane1al statements have been prepared on the histor[ cost basis, as rnodilied by Ihe revaluation ol cèrtain financial assets and liabilities and investment properties measured at fair value through income or expendituie. The linancial slalements are prepared in sterling, which is the fvlIOnaI Currency ol the entity. Going Concern There are no material uncertainties atout the Charitys ability to continue. Judgements and key sources of estimation uncertabnty The preparation of the financi& statements requires management to make judgements, eslimales and assumptions that allecl Ihe amounts reporte¢J. These estimates and judgements are eonlinually reviewed and are based on expefience and other factor5, Including expectations ol future events that are believed to be reasonable under the eircumstances. Forèlgn currencies Foreign currency transactions are initially recorded in Ihe lunctional currency, by applying the spot exchange raie as ai the dale ol the Iransaetion. Monetary assets and liabilities denominated in foreign currencies are transated at the exchange late ruling al Ihe reporting date. wilh any gwns or losses being taken to the siatemenl ol linarKial activities. Fund accounting Unreslricled funds are available for use al the discretion ol the trustees lo further any ol the charity's wrwses. Designated tunds are unrestiicted funds eafmarked by the Iruslees lor partieular lulure project or c¢mrnitmenl. Reslricted funds are subjecled lo resrrrctions on their expendilure declared by the dOr or through the terms ol an appeal. and fall into one ol two sub-classes.. restricted income funds or endowment funds.
Garvagh & District Community Association Company Limlted by Guarantee Notes to the Financial Stalements {coniinu8dJ Year ended 31 October 2025 Accounting policies {COnllnu•dJ Incoming resources All incoming resources are included in Ihe statement of linancial aclivrties when eniitlemenl has passed io the charity., it Is probable that the economic benefiis associaied with the transaction will tlow to the charily and the amount can be reliatAy measured. The following spechlic policies are applied lo particular categories ol income.. income Irom donations or grants is recognised when there is evidence ol entillement to the gift, re¢eipt is probable and rts amount can be rneasu reliabty. legacy income is recognised when ¥ecept is prObae and eniillemenl is esIalshed. income from éonaled goods is measured at the lair value ol the goods unless this is Impractic lo measure reli*y. in which case the value is derwed from the cost to the donor or Ihe estimated resale value. Donated facilities and seThices are recognis8d in the accounts when received il the value can be relyably meastsred_ No amounts are rncluded lor the cgntribJtign ol general volunteers_ income from conlracts lor Ihe SLJpply ol services is recognised with the delivery ol the contracted service. This is classified as unrestre lunos unless there is a contractual requirement for il io be spent on a particulw purpose and returned if unssxnt, in which Case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. ExpenLliture includes any VAT which cannot be lully recovered. and is classified under headings ol Ihe slatemeni ol financial aciivilies lo which il relates.. expenditure on raising lunds inelvdes the costs ol all lundraising aclivifie5. events. non- charitable trading activities. and the sale ol Llonated goods. expenditure on chantable activities includes all costs incurred by a charity in undertaking activilies that lunher its charitable aims lor the benefit ol its beneficiaries. inclucling those suppon costs aTrY costs relaiing lo the governare ol the charty apkx)rtione¢J to charitable aclivilies. oiher expendilure includes all expe311vre ihai is neither related to raising funds for the charity nor part ol its expenditure on charitable activities. All costs are allocaled to expenditure categories reflecting the use ol the resouree. Direct wsts attributable lo a single activity are allocated directly lo that aclivily. Shared costs are apportioned between the actiwties they conlribute to on a reasonable. justifiae and con5islenl basis. Tanglble assets All fixed assets are initially recorded at cost.
Garvagh & Districl Community Association Company Llmlted by Guarantee Noles lo Ihe Financial Statemenls (11•&) Year ended 31 October 2025 ounting pollcie$ (¢oniinu8dJ Depreciation Oeprecialion is cakulated so as to wrile off the cost or valualion ol an asset, less ils re8Ual value, over the useful economic life ol that asset as follows.. Land and buildings Equipmenl 10% r¢ducing balance 25°A redLtcing balance lrnpalrment of Ilxed assets A review lor indicalors of impairmeni is carried out at each reporting dale. wlh the recoverable amouni being estimated where such indicators eyist. Where the carrying value exceeds the recoverable amount, the assei is impaired accordingly. Prior impairments are also vIeW lor ssible reversal at each reporting date. For the purposes ol impaimignl testing. when it is not possible to estimate the rgcoverable amount ol an Individu asset. an estimate is made ol the recoverable amount ol the cash. geneiaiing unit to whieh the asset belongs. The cash4Jenerating unil is the smallest entIfIae group ol assets Ihat includes the assei and generates Cash inflows that largely independenl ol the cash inflows Irom other assets or groups ol assets. For impairment testing ol goodwll. Ihe gooth"Il acquired in a business combination is, from the aequisition dale, allocated to each ol the ¢ash4Jenerating units that are expected to benelrt Irorn the synergies ol the comkn"nation, Irrespective ol whether other assets or liabilities ol the charity are asgned lo those vnbts. Govemment grants Government grants.are recognised al the lair value ol the asset received or receivable. Grant5 are not recognised until there is reasonable assurance thai the charity wll comply with the conditions attaching to them and the granis wll be received. Where the grant does noi impose specified IuLtre performance-related coThYilions on ihe recipienr. il is recognised in income when *he grant proceeds are received or receivable. Where the grant does impose specified future performance-related condtlions on the recipient, il is reeognised in income only when the performance-relaie(I conditions have been mel. Where grants received are prior 10 satisf'ng Ihe revenue reccrfJniiiDn criteria. Ihey are recognised as a Financlal inslruments A financial asset or a financial liatH"Iity is recognised only when the charity becomes a party to the contractual provisions of the inslrumeni. Basic financial instruments are inilially recogniseLI at the amount receivable or payatJe including any rdated Iransaetion costs. Cuirent assets and current liabilities are subsequenlly measured al the cash or other consideration expected to be paKJ or received and not discounted. Debl instruments are subsequenlty measured at arnortised cost.
Garvagh & Dislrict Communily Association Company Limited by Guarantee Notes lo the Flnanclal Stalemenls {¢onUnvod) Year ended 31 Oclober 2025 Accounting policies (conilnLj Financial instruments {coniinuod) Where inve51ments in shares are pU1¢1Y traded or their laii value can otherwise be measured relithy, the investment is subsequently measuied at lair value wth ehanges in fail value recognised in income expenditure. Al other such investments are subsequently measurecl at Cost less impairmeni. Other linancial insliumenls, incIL1j derrvalives. are initially recognised at la¢r value. unless payment lor an asset is deferred beyond normal business terms or linanced ai a rate tsl interest that is not a market rate, in which case Ihe asset is measured at the present value of the future payments discounted at a market rate ol interest for a similar debl instrument. Other financial insiruments are subsequentty measured at fair value. with any changes recognised in the statement ol financial aetiwties. with the exception ol hedging inslrumenls in a desionaled hedging relationship. FInarla1 assets that are measured ai cosi or amortiseLI cost are reviewed for obie¢tive evKJence ol impairment at the end ol each rerKfyrting dale. 11 thefe is objective evenCe of impaiirnenl, an impairment 105s is recognised under the appropriate heading in the slalement ol financial activities in which the inlIa1 g&n was recognised. For all equity instruments regardless ol Signifar, and other financial assets that are individually significant. these are assessed individually lor impairmeni. Oiher financial assets are either assessed Indivu81lY or grouped on the basis ol similar credit risk characteristics. Any reversals ol impaiimenl are Cogn[Sed immediately, to the extent that the reversal does not resull in a carrying amount ol the financial asset that exceeds what the Carng amount would have been had the impairment not preViouy rewnised. Llmlled by guaraniee The company limiled by guarantee. In Ihe evenl ol the company being wound up. liability is limrted 10 £1 per member. Net expendlture Nel expensjiture is slated after charg1(CredItIngj. 2025 2024 Depreci81ion ol tangle fixed assets Foreign exchange ditterences 2,997 11471 3.457 Independenl examination lees 2025 2024 Fees payable to the independent examiner for.. Independent examination ol the financial statements 420 420 10-
Garvagh & District Community Associalion Company Limited by Guarantee .Notes lo the Flnanclal Statements IcDntinuffd) Year ended 31 October 2025 Stafl costg The lolal stall costs and employee benelils loi the reportiTrJ period are analysed as follows.. 2025 2024 Wages ano salaries 6.107 4,006 The average head count of employees during the year was 612024.. 61. The average number of lull-lime equivalent emF4oyees during the year is analy3ed as follows= 2025 No. 2024 No. Youth club stafl No employee received ernOyee benefits of more ihan £60.000 during the year12024.' Nill. Trustee remuneration and expenses No remuneration or othei benefits from employment ryfh Ihe charity or a related entity were received by the truslees. Tangible flxed assets Land and buildings Equipment Total Cosi At 1 November 2024 and 31 October 2025 143.683 17,448 161,131 DeprecialSon At 1 November 2024 Charge for the year Al 31 October 2025 119,400 2.428 15,172 569 134,572 2,997 121.828 15,741 137,569 Carrying amount Al 31 October 2025 21.855 1,707 23,562 26.559 At 31 Octotr 2024 24,283 2,276 10. Credilors: omounts falling due wllhln one year 2025 2024 Tradè ereditOTS Social securrty and other taxes Other creditors (see below) 658 213 15,680 16,551 1.052 91 6.580 7,723
Garvagh & District Community Association Company Limiled by Guarantee Notes to the Financial Statements IntInU) Year ended 31 October 2025 10. Credltors: amounts falling due within one year fconiinued) 2025 2024 Grants not spent Grants not spent.. Ciighshane & Churchill Communty Benefit Fund Gfants lor legal lee5 not spent RAPID Grant not spent Kathleen Graham Trust Grant Not Spent 7,100 3,800 1,000 1,000 2.780 15,680 3,800 2.780 6.580 11. Credit¢rs= amounls falllng due after more than one year 2025 2024 Accruals and deferred income 24,700 27.621 12. Deferred Income 2025 2024 Al 1 November 2024 Amounl released to income 27.621 12,921} 24.700 30.975 13,3541 27.621 At 31 Oclober 2025 13. Governmeni grants Thè amounts reeognised in ihe h"nancÉal siatemenis tor government grants are as loNows'. 2025 2024 Recognised in creditors.. Deferred government grants due after more Ihan one year 24,700 27,621 12-
Garvagh & District Community Association Company Limited by Guarantee Management Informalion Year ended 31 October 2025 The following pages do not form part ol the Ilnanclal slatemenl* 13-
Garvagh & District Com_munity Association Company Limited by Guarantee Delailed Statement of Financlal Acllvltles Year ended 31 October 2025 2025 2024 Income and endowmenl$ Donallons and legacies Dance Proceeds Hire ol Hall Youth Club Subscriptions Education Aulhority Nl Halifax Foundation Nl.. Community Flex Gia Derry City & Strabane DC Grant DAERA Rural Micro Capital Grant &heme 1.124 810 3.957 1.724 370 3.962 1,800 1,170 14,656 9,026 Total income 14.656 9.026 Expenditure Costs of raising donatlons and legacies Youth club costs Youth club wages Social lunction expenses Light and heat Repairs and maintenance Insurance Water rates Accountancy fees Entertainment licence Amortisalion Depreciation Bank lees and interest Foreign exchange gaInoSS 2,471 6,107 726 679 3,346 1,236 23 515 100 12.9201 2,997 223 {1471 768 3,916 4.006 521 1,464 238 1.082 296 457 100 13.3551 3.457 253 912 Total expendlture 15,356 12.435 Net expendlture 1700) 13,4091 14-