COMPANY REGISTRATION NUMBER.. N1036799 CHARITY REGISTRATION NUMBER: NIC100799 Creggan Community Association Company Limited by Guarantee Financial Statements 30 September 2025 SP MCCAFFREY & CO Chartered accountants & statutory auditor 50 Campsie Road Omagh Co Tyrone Bf79 OAG Creggan Community Association Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Year ended 30 September 2025 The trustees, Ytho are also the directors for the purposes of company law, present their report and the financial statements of the tharity for the year ended 30 September 2025. Reference and administrativg detsils Reglstered charity name Creggar¢ Community Association Chorfty reglstration number NIC1¢)0799 Company registration number N1036799 Prtncipal offiu and reglstered Creggan Community Centre offlce oM￿h Co Tyrone BT79 9AF Tha trustees Mary T Conway Sheila Grimes Martin Fox Cathal Loughran Bronagh McAleer Oonagh Bradley Sharon Beg￿Y Joanne Hughes Sinead Mcmullan Patricia Grogan Barry Mcmullan (Appointed 1 Oclcber 20241 (Retired 1 October 2024) Audltor SP Mccafffey & Co Chortered accountsnts & statutory auditor 50 Campsie Road Omagh Co Tyrone BT79 OAG BankeffJ Bank of Iraland Campsie Road Omagh Co Tyrone Solicitors Corrigan McGrade Solicttors 40 John Strgel Omagh County Tyrone 8T18 1DN Creggan Communlty Association Company Limited by Guarantee Statement of Financial Activitres (including income and expenditure account) Year onded 30 S•ptember 2025 2025 Restr￿ed fvnds Totsl funds Total fund5 2024 Unrestricted funds Notè In¢om• aftd •ndowments Donations and legacies charitab￿ activities Other trading activities Investment income 3.095 553,067 9,703 32 44,985 48.080 553,087 9.703 32 14,757 508,315 4,560 125 Total Income 565,897 44,985 610,882 527,757 Expenditure Expenditure on raising funds.. Costs of raising donations and legac Expendrture on charitable activities Total expenditure 18,958 477,007 495,%5 19,654 521,296 640.960 20.492 473,528 44,289 44,985 494,020 Net Incomè and net movoment In funds 69,932 PA.932 33,737 Reconciliation of funds T¢)tal funds brought forward Total funds carriad lorward 416,907 416.907 383,170 486,839 486.839 416,907 The statement of financial aclimlies indudes all gains and h)sses recognised in the year. l income and expendrtLFre derive from Continuing activities. Thg not•$ on p4go8 12 to 19 lomi part of th•¥è financial 6tatements. Creggan Community Association Company Limited by Guaranto0 Statsment of Finan¢ial Position 30 September 2025 2025 2024 Fixed assets Tangible fixed assets 14 3H006 373.745 Current assets Stooks Debtors Cash al bank and in haThJ 16 16 950 10.026 237,547 248,523 750 5,290 157,988 164,028 Credftors: amounts falllng due wlthln one year Net current assets 17 17.693 8.111 230.830 155,917 Total assets less turrent liabS1ities 594.836 529,862 A￿ru41S and dafarrnd income 107,997 486.839 112,755 416,907 Nat assets Funds of the charlty Unrestricted funds 486,839 416,907 Total charlty fund8 486,839 416,gJ7 These financkal ststements have been prepared in accoidance with the provisions applicable to companies subjact to the small ccThp8nies' reglme. These financial statement5 were approved by the board of twslegs and aulhorised for issue on 10 June 2026, and are svJned on bohalf of th8 t*Jard by.. Sheila Grime8 Tnjstee The nots8 on pag9$ 12 10 19 forni part 01th￿& finan¢ial 8taternents. 10- Creggan Community Associatlon Company Limited by Guarantee ststement of Cash Flows Year ended 30 Septemb•r 2025 2025 2024 Cash flows from operating xllvltle$ Net income 69.932 33,737 Adjustments for. Depreciation of tangible fixed assets Other inleresl receiv8ble and similar in¢ome Interest payable and similar charges 9,739 1321 61 12,045 {1251 Changes in.. st￿ks Trade and other debt Trade and other creditors (2001 (47361 4.824 {3CK)I 559 7,881 Cash generated from operations 79,588 53,887 Interest paid Interest received {611 32 1901 125 Net cash from operaing xlivilies 79,559 53,922 Cash flows from invgstlng activltles Purchase of tangible assets Net cash used in investing activities {68,0191 (68,019) Net incroasalld￿reOse1 In cash aTrd cash equivalents Cash and cash equlvalents at beginning of year Cash and cash equivalents at end of year 79,559 157,988 237,547 {14,0971 172,085 157.988 Th• nots# on PAY￿ 12 to 19 fom part of th￿0 financial 8tatem8nts. 11 Creggan Community Association Company Llmltsd by Guarantee Notes to tho Financial Statements Year ended 30 September 2025 Ggneral infomiation The charty is a public benefit entity and a prwate company limited by guarantee. registered in Northem Ireland and a registered charty in Northern Ireland. The address of the Tegislered office is Creggan CommLFnty Centre, Omagh, Co Tyrone. BTT9 9AF. Statement of compllance These finaneial statements have been PrePa￿d in compliance wkh FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practtce applicable to charlties preparing their accounts in accordanee wrth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) Icharilies SORP IFRS 1021) and the Companies A¢1 2006. Accounting polici08 Basis of preparatlon The financial 5L*emgnls have been prepared on the historrcal co81 basis. os m(kYified by the revaluation of certain financial assets and liabilitie5 and investment properties measured al fair value through income or expenditure. The financial statements are prepared in sleding. which is the functional currency of the entity. Going concem There are no material uncert8inties about the charity's ability to continue. Fund accountlng Unrestricted funds are available for use al the discretion of the trustee8 lo further any of the charrty's purposes. Designated hJnds aro unrestricted funds earmathed by the trust8&s for particular fvlure project or commrtment. Restricted funds are subJ"ected to restrictions on their exp8ndilure declared by the donor through the terms of an appeal, and fall into one of hvo sub-classes.- resliicted income fijnds or endowment fvnds. 12. Creggan Community Association Company Llmlt•d by Guarantee Notes to the Flnan¢ial Statements {¢ontynu60) Year ended 30 September 2025 Accountlng p¢li¢igS (¢tstttinuett) Incomlng resour¢es All inccrning resources are incI￿led in the stslement of financial activities when entitlement has passed to the charty.. it is probable that the economic benefrts associated with the transaction will to the oharily and the amount can be reliably measured. The following $pecrfic policies are applied to particular categories of In￿me.. inc¢)me from donations or grants is recognised whgn there is evKIan￿ of gnlitlement to the gift, receipt is probab￿ and its amount can be measured reliabty. legaey incomo 1$ recogni8ed when re￿ipt 18 Pfobable and entitlement k* established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliabty, in which case the value is derived from th8 cost lo the donor or the estimated resale value. Donated facilities and semces are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is reccYJnised with the delNery of the ntracled Se￿ICe. This is classrfied as unrestricted lunds unless there is a conlraclual requirement for it lo be spent on a particular purpose and retumed rf unspent, in which case rt may be reg8rded as restricted. Rasources exp8nded Expenditure is rec(¥Jnised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fvlty recovered, and is classrfied under headings of the statement of financ￿[ activities to which ri relates= expenditure on raising funds includes the cost$ of all fundra￿Ing activities. 9vents. non-charitable trading actiwltes, arKI the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further tts charitable airns for the benefit of its beneficiarias, including those support costs ané c031s relaling to the governan￿ of the charity apportionod lo chaiitable tivities. other expendrture includes all expenditure that is neither related lo raising funds for the harity nor part of its expendrture on charitable activit￿$. All costs are allocated lo expendituro categories reflecting the LFse of the resource. Direct costs attiibutable lo ? single actwity are allocated directly lo that acts'vity. Shared costs are apportioned betsveen the activities they contribute lo on a ￿asOnable, justifiable and consistent basis. Tanglblo assets All fixed assets are initialty recorded * cost. 13- Creggan Community Association Company Limited by Guarantee Notes to the FinancFal Ststsmonts {conthu Year ended 30 September 2025 Accountlng pollcle8 (contthuedj Deprttlatlon Depre¢ration is cakulaled so as to write off the cost or valuation of an asset. less its residual value. over the useful e￿noMiC lffe of that asset a5 follows: Plant and machinery Fixtures and ffttings Motor Vehicles Equipment 20Yo reducing balance 20Vo reducing balance 20% reducing balan 20% reducing baLgnce Impalm)ent of fixed assets A review for indicators of impaimpnl is carr￿d out at each repcrting dale. with the reCoVer￿le amount being estimated where such indicators exist. Where the carrying value ex￿d$ the recoverable amount, the asset is impaired accordingly. PrK)r impairments are also reviewed for possible reversal at e￿h r4)crting dale. For the purposes of impairment testing. when it is not possible lo estimate the recoverable amount of an indNidual asset, an estimate ts made of the recoverabfe amount of the cash-generating unit lo which the asset belongs. The cash-generaling unit is the small8sI rdenlifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groLp$ of assets. For impairment testing of goodwill. the g￿￿111 acquired in a business combin8tion is, from tha 8CqUi8ition date, allocated to each of the cash-generaling units that are expected to benefrt from the synergies of the combination, irrespective of whether other asset5 OT liabilities of the charty are a$S￿ned to those unts. Stocks Stocks are rneasu￿d at the lower of cost and estimated selling pri￿ less costs to COMp￿te and sell. Cost includes all ¢osls of purchase, costs of Convers￿ and other costs incurred in bringing the stock to its present location and condf(ion. Government grants Government grants are r￿QgnIsed at the fair value of the 83set received or re¢eNable. Grants are not recognised until there is reasonable assurance that the chaitty ccmply with the conditions attaching to tham and the grants will be received. Vthere the grartrt does not impose specrfied future perfo￿nanCe-re1ated conditK)n$ on th8 recipient, it is recognised in income when the grant proceeds are received or receivable. Vvhere the grant dces impose specified lutUTe perfomance-relaled Conditic￿5 on the recipient, tt is recognised in income only when the perfomiance-related conditions have been mel. Where grants received are prior to satisfying the revenue recognition criteria, they are ￿OgniSed as a Ik?bility. Flnanclal Instruments A financial asset or a financial liabilty is recognised only when the Charity becomes a paty to the contractual provisions of the instrument. -14- Creggan Community Association Company Limited by Guarantee Notes to the Financial Statements (con*l#tse Year ended 30 September 2025 Accountlng policies (¢tintinu¢d) Financial instruments (co*ffjnuedJ Basic financial instruments are initi'alty recognised at the amount recervabk or payabl& including any related transaction cc>sts. Current assets and current liabillties are subsequently me8sured al the cash or other consider81ion expected lo bo paid or received and not discounted. Debt instfumenls are subsequently measured al amortised cost. I￿Ore investments in shares are publicly traded or their fair value can Othe￿ise be measured relk?bly, Ihe investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured al cost less impairmenL Other financial instruments, including derivatives, are initially recognised at fair value, Lfnless payment for an asset is defetred beyond nomial business tem5 or finan￿1 at a rate of interest that is not a market rate. in which case the asset is measured al the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Other financial instruments are subsequentty measured al fair valug, with any changes recognised in the $18lemenl of financial aclivf(ies, wf(h the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised eost are revièwed for obJ'eclNe evidence of imp8irmenl at the end of each reporting date. If there is objective evidence of impairnient. an impaimienl loss is wognised under the appropriate heading in the statement of financial tivilies in which the inttial gain was rwnisgd. For all equty instruments regardless of signffunce, and other financial assets that a indwidually significant, these are assessed individually for impalm￿nt. Other financial assets are either assessed indwidualty or groupgd on the basis of similar credit risk characteristics. Any reversals of impaimenl are rerognised itr¥nediatety, to the exlent that the reversal dc￿ not result in a carrying amount of the fin8n¢ial asset that ex￿8￿$ what the carrying amount would have been had the impaimient not weviouS￿ been r￿ognised. Dafinod contrlbutlon plans Contributions lo defined contribution plans are recognised as an expenso in the peri(>J in wh￿h the related service is provided. Prepaid conlributions are recognised as an asset to the extent that the prepayment will lead lo a reduction in future paymenls oi a cash refund. •￿en contributions are not expethd lo b& settled wholty within 12 months of thè end of the reporting date in which the 8mployees render the related service, the liability ts measured on a discounted present value basis. The unwinding of the discount is reeognised as an expense in the per￿ in wh￿h it ark8es. Umlted by guarantee Th8 company Is limited by Guarantee and therefore do8s not have any Share Capital. 15-