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Company Registration No: NIG06699 Company Charity No: 100475
GLENRAVEL & DISTRICT COMMUNITY & RESIDENTS ASSOCIATION Company limited by guarantee Directors’ report and financial statements Forthe year ended 31 March 2025
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Glenravel & District Community & Residents Association
Company Limited by guarantee
For the year ended 31 March 2025
Contents
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Page
Directors’ Report 2-4
Independent Examiners Reportto the Directors of
Glenravel & District Community & Residents Association
on the Unaudited Financial Statements 5-6
Statement of Financial Activities 7
Balance Sheet 8-9
Notes to the Financial Statements 10-11
The followingdo not form part of the financial statements
Detailed income and expenditure account 13
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Glenravel & District Community & Residents Association
Company Limited by guarantee
For the year ended 31 March 2025 nV
Directors
Marian Rose Maguire (Chair) PaulMaguire Suzanne McKeown
Eugene Kelly isabel O'Neill
Secretary
Company Number
Charity Number
Registered Office
Paul Maguire
NIS06699
100475
1 Lisnamanagh Park Martinstown
Ballymena
BT43 6QU
Independent Examiner
Nicola Marks
7 Woodcroft Brae
Ballymena
BYT42 1FY
Bankers
Danske Bank
1-2 Broadway Ballymena BT43 7AA
Insurers
Marsh Insurance
Bedford Street
Belfast
BI2 7DX
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Glenravel & District Community & Residents Association
Company Limited by guarantee
For the year ended 31 March 2025
The Directors’ Report etter The directors of the company present their report and the financial statements for the year ended 31 March 2025.
Principal Activities
The Company’s objects are to promote the benefitof the inhabitants of Glenravel and its environs (the “area of benefit”) without distinction of gender, sexual orientation age, race, ethnicity or political, religious or other opinion by associating with the statutory authorities, voluntary and community organisations and inhabitants in a commoneffort to:
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(a) relieve those in need by reason of youth, age, ill-health, disability or other disadvantage;
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(b) advance environmental protection and improvement and promote village renewal; (c) provide facilities in the interests of social welfare forrecreation and other leisure time occupations with the object of improving the conditions of life for the said inhabitants;
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(d) advance education and training and provide information and advice to local inhabitants;
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(e) promote good community relations, racial harmony, equality and diversity.
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The Directors are satisfied that the company has achieved its objectives in the year under review.
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Directors
The company is governed by its Memorandum and Articles of Association.
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The Directors who served during the year are as stated below:
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au “—- Maguire (Chair)
aul Maguire (Secretary)
Suzanne McKeown
Eugene Kelly
Isabel O’ Neill
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In accordance with the Articles of Association Di irectors shall be elected eeby th ee Annual General Meeting. isDirectors vaunacuaatp have assronand Tinances, majorjor andrisksri areto which satisfiedi : the thatcompany systems is: exposed, are in; place in, particular to mitigatethose exposure. related
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Glenravel & District Community & Residents Association
Company Limited by guarantee
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For the year ended 31 March 2025
The Directors’ Report
Financial Review
Total incoming resources amounted to £41,179 (2024 - £35,079) and after deducting total
resources expended of £46,995 (2024 - £24,652) net incoming resources amounted to (£5,816)
(2024- £10,427).
At the year-end unrestricted funds amounted to £3,297 and restricted funds amounted to £8,707.
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Statement of Directors’ Responsibilities
The Directors are responsible for preparing the Directors’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the charitable company and the incoming resources and application of the resources, includingthe net income orexpenditure, of the charitable company for the year. In preparing these financial statements, the Directors are required to:
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« select suitable accounting policies and then appiy them consistently, e observe the methods and principles in the Charities SORP e make judgements and estimates that are reasonable and prudent; e state whether applicable UK AccountingStandards have been followed, subject to any material departures disclosed and explained in the financial statements;
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e preparth e financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small Company Provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
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Glenravel & District Community & Residents Association
Company Limited by guarantee
For the year ended 31 March 2025
The Directors’ Report
This report was approved by the Directors at the meeting on 01* September 2025 and signed on its behalf by
I. Maguao Marian Maguire Chair of the Boardof Directors
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ee
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Glenravel & District Community & Residents Association
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Company Limited by guarantee
For the year ended 31 March 2025
Independent Examiners Reportto the Directors of Clenravel & District Community &
Residents Association
| report on the accounts of the company for the year ended 31 March 2025 set out on pages 7 to
13.
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Respective responsibilities of trustees andexaminer
As the charity trustees (and also the directors of thecompany for the purposes of company law)
you are responsible for the preparation of theaccounts in accordance with the siecesniuistiaei of
the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under
company law, and is eligible for independent examination, itis my responsibility to:
(1) Examine the accounts under section 65of the Charities Act (Northern Ireland) 2008;
(2) Follow the procedures laid down in the general Directions given by the Charity
Commission for Northern Ireland under Section 65(9)(b) of the Charities Act; and
(3) State whether particular matters have come to myattention.
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Basis of independent examiner's report
| have examined your charity accounts as required under section 65of the Charities Act and my examination was carried out in accordance with the general directions given by the Charities Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a reviewof the accounting records kept by the charity and a comparison of the accounts presented with those records. it also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
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(1) The accounting records were not kept in accordance with section 386 of the Companies Act 2006
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(2) That the accounts do not accord with those accounting records (3) That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to in the UK and Republic of Ireland.
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- (4) That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiners statement
| have completed my examination and have no concems in respect of the matters (1) to (4) listed above and in connection with following the Directors of the Charity Commission for Northern ireland, | have found no matters that require your attention.
Independent Examiner’s Report tothe Trustees of Glenravel & District Community & Residents Association
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Nicola Marks
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7 Woodcroft Brae
Ballymena BT42 1FY
27" August 2025
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Glenravel & District Community & Residents Association Company No: NI606699 Charity No: 100475
Company Limited by Guarantee
Statement of Financial Activities for the period 01/04/24 - 31/03/25
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|Note|Unrestricted|Restricted|Total|Total|
|Funds|Funds|Funds|Funds|
|2025|2024|
|Incoming|Resources|
|Grants received|0|39,232|39,232|29,542|
|Rebate|217|0|217|ce|
|Donations|2|615|0|615|3,345|
|Fundraising|from|Charitable Events|1,115|0|1,115|2,180|
|Total incoming resources|1,947|39,232|41,179|35,079|
|Resources|Expended|
|Charitable|activities|0|42,988|42,988|25,041|
|Administration expenses|4,006|0|4,006|5,089|
|Total Resources Expended|4,006|42,988|46,994|30,130|
|Net|(outgoing)/incoming|resources for the|
|year being net movement|in funds|5,356|12,463|17,819|7,392|
|Funds brought forward|(2,059)|(3,756)|(5,815)|10,427|
|Funds carried forward|3,297|8,707|12,004|17,819|
|All amounts|relate to continued|activities|
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Glenravel & District Community & Residents Association Company No: NI606699
Charity No: 100475
Company Limited by Guarantee Balance Sheet as at 31 March 2025
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Notes 2025 2024
£ 3
CURRENT ASSETS
Cash at bank 12,004 17,819
CREDITORS
Amounts falling due within one year a 0 0
NET CURRENT ASSETS 12,004 17,819
TOTALASSETS LESS CURRENT LIABILITIES 12,004 17,819
NET ASSETS 12,004 17,819
FUNDS 5
Unrestricted Funds 3,297 5,356
Restricted Funds 8,707 12,463
TOTAL FUNDS 12,004 17,819
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Glenravel & District Community & Residents Association
Company Limited by guarantee
For the year ended 31 March 2025
Balance Sheet Continued:
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The charitable company is entitled to exemption from audit under Section 257A of the Companies (Norther ireland) order 1986for the year ended 31 March 2025.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Article 257B(2) of the Companies (Norther Ireland) order 1986.
The trustees acknowledge their responsibilities for
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(a) Ensuring that the charitable company keeps accounting records that comply with Section 386 and 387of theCompanies Act 2006 and
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(b) Preparing financial statements which give a true and fair view of the state of affairs of the charitable company asat the endof each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordancewith the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved by the Board of Trustees on 16" July 2024 and were signed on its behalf by:
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Marian me
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Trustee/Director
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The notes form partof the financial statements
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Sr
Glenravel & District Community & Residents Association
Company Limited by guarantee
For the year ended 31 March 2025
Notes to the Financial Statements
1. ACCOUNTING POLICIES
a) TheBasis of[financial] preparing[ statements] the financial[ are][ prepared] statements[ on][ the][ going][ concern][ basis.]
b) Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financiai Reporting Standard for Smatter Entities (effective April 2008), the Companies Act 2006 and following the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2005) issued in March 2005.
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c) Incoming Resources
Incoming resources are included in the Statement of Financial Activities in the
period in which they are receivable.
Grant income is included in the period of receipt.
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d) Expenditure Expenditure is recognised in the period in which it is incurred and is allocated to expense headings on a direct basis.
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e) Funds
The charitable company has two typesof funds for which it is responsible. A
definition of the two types of funds is as follows:
(i) Restricted Funds
Funds received which are earmarked by the donor for specific purposes. Such
purposes are within the overall aims of the company.
{ii) Unrestricted Funds
Funds which are expendableat the discretion of the directors and have been
designated for specific purposes to further the objectsof the charity.
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Notes to the Financial Statements — Continued ihe er
2. INCOMING RESOURCES
Allincoming resources are included on the Statement of Financial Activities when
the charity is legally entitled to the income.
e Grants Revenue grants are credited to incoming resources on the earlier of the date of when they are received or when they are receivable.
e Donations
Donations are credited to incoming resources in the period to which they relate.
| 3. | DEBTORS | 2025 | 2024 | ||
|---|---|---|---|---|---|
| £ | £ | ||||
| TradeDebtors | mn | 1 | |||
| 4. | CREDITORS | 2025 | 2024 | ||
| £ | £ | ||||
| Tradecreditors | inal | _0 | |||
| 5. | FUNDS | Restricted | Unrestricted | Total | |
| Fund | Fund | ||||
| = | £ | £ | |||
| At1 April2024 | 5,356 | 12,463 | 17,819 | ||
| Net(outgoing)/incomingresources forthe year | (2,059) | (3,756) | (5,815) | ||
| At 31March2025 | 3,297 | 8,707 | 12,004 |
- TRANSACTIONS WITH DIRECTORS
None of the Directors, or any person associated with them has received or is due to receive any renumeration for the year, either directly or indirectly from the company funds.
7. COMPANY LIMITED BY GUARANTEE
The company is registered under theCompanies Act 2006 and is a company limited by guarantee. The members of the company are the directors named on page 1. The company is also an exempt charity.
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Glenravel & District Community & Residents Association Company Limited by guarantee
For the year ended 31 March 2025
Management Information
The following pages do not form part of the statutory accounts
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Glenravel & District Community & Residents Association
Company No: NIG06699
Charity No: 100475
Company Limited by Guarantee Detailed Income & Expenditure Account for the period 01/04/24 - 31/03/25
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOMINGRESOURCES | ||
| GRANTS | ||
| MidandEastAntrimCouncil | TAZ | 9,329 |
| Northernireland Housing Executive | 6,994 | 0 |
| Awardsfor All | 19,116 | 0 |
| CommunityFoundationNi | 0 | 12,993 |
| DCRAGrant | it) | 800 |
| NorthernAreaCoCircusful | 0 | 1,620 |
| GroundworkNi | 325 | 200 |
| DERA | 1450 | 0 |
| EducationAuthority | 1,440 | 0 |
| MumstheWordNortherArea | 140 | 0 |
| NACommunityNetwork | 342 | 0 |
| CommunityCluster | 0 | 4,600 |
| Other: | 0 | |
| Fundraisingfrom Charity Activities | 1,115 | 2,180 |
| Refunds | 217 | i2 |
| Donations | 615 | 3,040 |
| TOTALINCOMING RESOURCES | 41,173 | 35,079 |
| RESOURCESEXPENDED | ||
| Telephone | 557 | 362 |
| Insurance | 3,681 | 692 |
| Village Project/Event Costs | 34,282 | 18,163 |
| TransportCosts | 626 | 875 |
| Professional Fees | 384 | 1,024 |
| BankFees | 51 | 44 |
| Equipment | 2.300 | 940 |
| Maintenance | 1937 | 295 |
| Oil/Fuel | 7B | 956 |
| Refreshments | JAS | 824 |
| OfficeCosts | 1,353 | 546 |
| TOTAL RESOURCES EXPENDED | 46,994, | 24,651 |
| NETEXPENDITURE | (5,815) | 10,428 |
INCOMING RESOURCES
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