COMPANY REGISTRATION NUMBER: N1036799
CHARITY REGISTRATION NUMBER: NIC100799
Creggan Community Association
Company Limited by Guarantee
Unaudited Financial Statements
30 September 2023
SP MCCAFFREY & CO
Chartered accountants
50 Campsie Road
Omagh
Co Tyrone
BT79 OAG

Creggan Community Association
Company Limited by Guarantse
ststement of Financial Activities
(including income and expenditure account)
Year ended 30 September 2023
2023
Restricted
funds Total funds Total funds
2022
Unrestricted
funds
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
558
476,087
11,728
27
11.250
11,808
476,087
11,728
27
.19,426
357,383
12,409
Total income
488.400
11,250
499,650
389.252
Expondlture
Expenditure on raising funds:
Costs of raising donations and
legacies
Expenditure on charitsble activities
Total expenditure
23,953
403,512
427,465
1,750
9.500
25,703
413,012
438,715
19,809
350,609
11,250
370,418
Net incomo and net movement In funds
60,935
60,935
18,834
Reconcillatlon of fund8
Total funds brought ft)rward
Total funds carried forward
322,235
383.170
322,235
383,170
303.401
322,235
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derrve from continuing activities.
The notes on pages 8 to 15 form part of these financial ststements.

Creggan Community Association
Company Limited by Guarantee
Statement of Financial Position
30 September 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
14
317,Tll
332.554
Current assets
Stocks
Debtors
Cash at bank and in hand
15
16
450
5.849
172.085
521
10,079.
88,123
98,723
178,384
Creditors: amounts falling due within one year
Net current assets
17
15,618
7.189
162,766
91,534
Totsl assets less current liabilities
480,537
424,088
Accrual8 and deferred income
97.367
101,853
322,235
Net assets
383,170
Funds of the charity
Unrestricted funds
383,170
383,170
322,235
Total charity funds
322,235
For the year ending 30 September 2023 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
D1￿ctOrS, ￿ponsIbIlities.
The members have not required the company to obtain an audtt of its financial statements for the
year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial ststements.
These financial ststements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
The statement of financial position
continues on the following page.
The notes on pages 8 to 15 fomi part of these financial statements.

Creggan Community Association
Company Limited by Guarantee
Statement of Financial Position (conunued)
30 September 2023
These financial statements were approved by the board of trustees and authorised for issue on 1 July
2024, and are signed on behalf of the board by:
Sheila Grimes
Trustee
The notes on pages 8 to 15 form part of these financial 8tstements.

Creggan Community Association
Company Limitsd by Guarantee
Notes to the Financial Statements
Year ended 30 September 2023
General inforniation
The charty is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charty in Northern Ireland. The address of the registered office
is Creggan Community Centre. Omagh. Co Tyrone, BT79 9AF.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of I￿land,. the Ststement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accountlng pollcle8
Basls of preparation
The financia5 statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discreb'on of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eannarked by the trustees for particular future project or
commitment
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal. and fall into one of two Su￿[aSseS.. restricted income funds or
endowment funds.

Creggan Community Association
Company Limited by Guarantee
Notes to the Financial Statements (ct>ntinuedJ
Year ended 30 September 2023
Accountlng policies (conlinuedj
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the chartty; it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specffic policies
are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured ￿liablY.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the frdir value of the goods unless this is
impractical to measure reliably. in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteets.
income from contracts for the supply of services is recognised wrth the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned rf unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activib'es, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditu￿ that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
Al costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.

Creggan Community Association
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 30 September 2023
Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuats.on of an asset, less its residual
value, over the useful economtc life of that asset as follows:
Plant and machinery
Fixtures and fittings
Motor Vehicles
Equipment
200kn reducing balance
20Vo reducing balance
20% reducing balance
200/0 reducing balance
Impaimient of fixed assets
A review for indtcators of impairment is carried out at each reporting date, with the recoverable
amount being estirnated where such indicators exist. Vthere the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for
possible ￿VerSal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
a￿Unt of an indivKlual asset, an eskn'mate is made of the recoverable amount of the
cash-generats'ng unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflOV￿ that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabiltties of the charity
are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling pri￿ less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs inCUr￿d in bringing
the stock to its present location and condition.
Government grants
Govemrnent grants are recognised at the fair value of the asset received or recetvable. Grants
are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaching to them and the grants will be received.
where the grant does not impose specified future performance-related conditions on the
recipient, it is recognised in income when the grant proceeds are received or receivable. blthere
the grant does impose specified future perfomiance-related conditions on the recipient it is
recognised in income only when the performance-related conditions have been met. i+lJhere
grants received are prior to satisfying the revenue recognition criteria, they are recognised as a
liability.
Financlal instruments
A financBI asset or a financtal liability is recognised only when the charty becomes a party to the
contractual provisions of the instrument.
10-

Creggan Community Association
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 30 September 2023
Accounting policies (continued)
Financial Instruments (continued)
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
considerats.on expected to be paid or ￿e1Ved and not discounted.
Debt instruments are subsequently measured at amortised cost.
Vvhere investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in In￿Me and expenditure. All other such investments are subsequently measured at
cost less impairment
Other financial instruments, including derivats'ves, are initially recognised at fair value, ' unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a rnarket rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities. with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impainnent at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
indNidually significant, these are assessed individually for impairment Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of irnpairrnent are recognised immediately, to the extent that the reversal does not
sult in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impainnent not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related sen11￿ is provided. Prepaid contributions are reC￿3nISed as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
then contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related seNice. the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
The company is limited by Guarantee and therefore d￿S not have any Share Capital.
11

Creggan Community Association
Company Limited by Guarantee
Notes to the Financial Ststements (conllnued)
Year ended 30 September 2023
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Grants
Fermanagh & Omagh District Council
Dept. for Education
Early Years CRSF
HSBC
Dept. of Health
Employment Grant
Pathway Fund
Grants receivable
1,750
1,750
2,000
2.000
558
7,500
558
7,500
558
11,250
11,808
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Grants
Fermanagh & Omagh District Council
Dept. for Education
Early Years CRSF
HSBC
Dept. of Health
Employment Grant
Pathway Fund
Grants receivable
1,759
1,759
3.000
10,167
2,500
3,000
10,167
2,500
2,000
15,167
2,009
4,259
19.426
Charitable actlvitles
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2023
Funds
2022
Childcare
476,087
476,087
357,383
357,383
Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Sports Day
Disco's Bingo, Hall Hire
Facilitation fees
Reim. of costs from Parish
341
11.387
341
11,387
6,609
800
5.000
6,609
800
5.000
11,728
11,728
12.409
12,409
12-

Creggan Community Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2023
Investment income
Un￿Stricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Bank interest receivable
27
27
Costs of ralsing donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Costs of generating income
23,953
1,750
25,703
Unrestricted
Funds
Restricted Totsl Funds
Funds
2022
Costs of generating income
18.050
1,759
19.809
10. Net income
Net income is stated after chargingl(credib'ng)'.
2023
2022
Depreciation of tangible fixed assets
14.783
18,061
11. Independent examlnatlon fees
2023
2022
Fees payable to the independent examiner for.
Independent examination of the financial statements
2.180
2,140
12. Staff costs
The average head count of employees during the year was 30 (2022: 25). The average number
of full-time equivalent employees during the year is analysed as foll¢)ws:
2023
No.
2022
No.
Number of staff
30
25
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
13. Trustee ￿MUneratIon and expenses
Cathal Loughran received £1.813 and Barry Mcmullanreceived £500 for the general maintenance
to the ￿ntre and creche building.
13-

Creggan Community Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2023
14. Tangible fixed assets
Land and Plant and Fixtures and
buildings machinery
fith'ngs
Motor
vehicles Equipment
Total
At 1 Oct 2022
and 30 Sep 2023
Depreciation
At 1 Oct 2022
Charge for the
year
458,606
2,218
158.670
28,600
23,845
671.939
199,977
121,739
6,760
10,465
339,385
355
7,386
4,368
2,674
14,783
At 30 Sep 2023
Carrylng amount
At 30 Sep 2023
At 30 Sep 2022
199.977
799
129,125
11,128
13.139
354,168
258,629
1,419
29,545
17.472
10,706
317,771
258,629
1,774
36,931
21.840
13,380
332,554
15. Stocks
2023
2022
Stock of food
Stock- General
250
200
300
221
450
521
16. Debtors
2023
2022
Debtors
Other debtors
5.849
5,950
4.129
5.849
10,079
17. Creditors: arnounts falling due within one year
2023
2022
Creditors
Social security and other taxes
Grant in advance
Childcare paid in advance
6,900
2.300
3,000
3.418
2,769
4,420
7,189
15.618
14-

Creggan Community Association
Company Limited by Guarantee
Notes to the Financial Statements {continued)
Year ended 30 September 2023
18. Deferred income
2023
2022
At 1 October 2022
Amount released to income
Arnount deferred in year
At 30 September 2023
140,684
(66,251)
22,934
140,684
(61,765)
22.934
97,367
101,853
19. Pensions and other post retirement benefrts
Defined contributlon plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £4.187 (2022.. £3,817).
20. Government grants
The amounts recognised in the financial statements for govemment grants are as follows:
2023
2022
Recognised in accruals and deferred income:
Deferred govemment grants due within one year
97,367
101.853
15-