Company Number:N1060479 Glen Development InItIA￿ve (A company limited by guaraiitee) Directors, report alld fmancial statements for the year ended 31 March 2023 Glen Development Initiative (A Company limited by guarantee) Contents Page Inforniation Dire¢tols Report Independent examiners, report Statement of Financial Activities Balance slieet Notes to the accounts 8-12 Glen Developnient Initiattve (A compa])y limited by guarantee) Information Direetors Alex Patrick Doherty D¢TrnOt O'Hard Maeve McLaugblin Sinead McGlinchey Sebrina Wright Maurice Joseph Bowe Pat Joan McAnaThey Naomi Wright Michael John Cooper Sinead Elizabeth Murphy Secretary Alex Patrick Doherty Company No: N1060479 Cliarity No: NIC101280 XR97898 Registered oifice Glenview Community Cenire Cedar Street Dc BT48 OEG Accouiitaiits McGroarty Mccafferty & Company Ltd Accountants & Tax Consultants 2 Carlisle Terrace D¢rry B T48 6JX Bankers Ulster Bank North West Busiiiess Centre Culmore Road De BT48 8JB Page I Glen Development Enitiative (A cojnpany limited by guarantee) Director's Report The directors present their report and the financial statements for the year ended 31 March 2023. Objectives and activities The company is established to relieve sickness, help the aged and to promote the benefit of the inhabitants of the Gleii and ciiy area of Co Deny and its environs by associating together the statutory autliorities, voliintary organisations and inhabitants in a common effort lo enhance education and to pii)vid¢ facilitics in the intei'e5t of social welfare, for creation or other leisure time occupations with the object of improving the conditions of life for the said inhabitants. Directors and their interests The directors of the charity for the purposes of charity law and throughout this report are collectively referred to as the directors. The directoi's serving during the year and since the year end were as follows: Alex Patrick Doherty Dennol O'Hara Maeve M¢Laiighlin Sinead McGlinchey Sebrin2 Wright Maurice Joseph Bowe Pat Joan McAiianey Naomi Wright Michael John Cooper Sin¢ad Blizil beth Murphy Governing Documwit The organisation is a ¢ompaThy with charitable status. The enlity was formed on 19tli August 2002 aijd incorporated on l J All￿78t 2006. The company was cstablished under Memorandum & Articles of Association which oiitlined the area of benefjt and the objects of the cl)arilable org&nis&tion. Risk Maiiagement The directOTS have a risk management strategy which consists of establishing & system of identifying risks ai)Il mitigating sucli rlsks. Results & Perfonnance The resiilts and perfonnance for the year of Glen Development Initiative are sumM￿lsed in tlie enclosed accounts. Financial review The fJnan¢ial perfonnance is summarised in the enclosed accounts. Glen Development Initiative Page 2 (A coinpany limited by guarantee) Directors Report ..continucd Directors Responsibilities In Relation To The Financial Statemenls The DiiEclors of Glen Development Tnitiative for the purposes of company law are respo)]sible for piEparing the Directors, Annual report and the fjnancial statements in accordance with applicable law and United Kingdom Accounting Standards ( United Kingdom GeneIally Accepted Accounting Practice), Cumpany law requires the directors to prepa￿ financial statements for each financiaj year that give a true and fair view of the state of the affairs of the ch<)rity at Ibe end of the fmanciaR year and of its sU￿lUS or deficit for the financial year. In doing so the directors are required to: select sultablc accounting policies atAd apply them consistentty: - observe methods and principles io the Charities SORP (FRS102); - make judgeJr¢nts and estimates tliat are reasonable and prndent; state whcther applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in tlie financial statements: PTcpare Ilie fjnancial slatements on tlie going concern basis unless it is inappropriate to piEsume t]iat tjie cliarity will coiitiiiuc in busiiiess. The directois are responsible for mainlaining proper accounting iexords which disclose with ieasonable accuracy at any time the financial position of the charity and enables them to ensure that die fmancial stateinents comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the cliarity and hence for taking reasonable steps for the pr¢vention and detection of fraud and other in'egularities. Iii so far as the directors are awar¢: there is no relevant infomiation of which the CoMpan￿S independent examiner is unaware, and the directors have taken all the steps that th¢y oiight to have lak¢n io Inake themselves aware ol any relevant audit infoimation aiid io establish (hat the independent examiner is aware of that tnfoi'mation. A rcsolutson will bc proposed at the Annuaj General Meeting that McGroarty Mc Cafferty & Company Ltd be re-appointed as accountants for the charity for the ensuing year. Tliis repoit is prepared in accordance with the special provisions of part l5 of the Companies Act 2006 iel&ting to sinall Col￿panIeS. This i'epoit was approved and authorised for issue by the Board on 5 December 2023 ￿)d signed on its behalf by Director irector Page 3 Glen Development Initiative (A eompany limited by guarantee) Independent Examiner's report to the charity committee members of Glen Development Infitiative We report on thc accounts of the charity for th¢ year ended 31 March 2023 , which are set out on pages 5 - 12 Respective responsibilities of charity commlttee members and examiner As the Ch￿]￿$ members you are responsible for tlie Prep￿atiOn of tho accounts irl c1¢cordance wAth the Cl)arities Act (Northern ]￿land) 2008. It is our responsibility to: - examine the accounts under Section 65 of the Charities Act; follow tl)e procedures laid down in the generaj Directions given by the Coniirjission under Section 65(9) (b) of the Charities Act: - state wliether particular matters have come to our attention. Basls of Independent examiner's report We have examined yoiw charity accoiints as required under Section 65 of the Charities Act ai)d our examination was catried out in accordance with the general Directions given by thc 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 tlie charity and a comparison of the accoiints pi'esented will) those records. Il also included coiisxderations of any iinusual items or disclosiires in the accounts, and seeking explanation from you as charity members concerning any such matters. OIIT role is to state whether any material matters hav¢ ¢ome to our att¢nlioTh giving us cause to believe.. l. Tliat accounting records were not kcpt in accordancc with Section 63 of the Charities Act. 2. That the accounts do not accord with those accounting recor(ts. 3. Tl)at the accounts do not comply with the accoiiDling reqiiirements of thc Charities Act. 4. Tliat there is fLirther infonnation needed for a prop¢r understai)dii)g of the accounts (o be iEached. Indepei)dent Examiner's Statement As tlie cli