Company Number:N1060479
Glen Development Initiative
(A company limited by guarantee)
Directors, report and financlal statements
for the year ended 31 March 2025

Glen Development Inltiative
(A company limited by guarantee)
Contents
Page
Inforn]ation
Director's Report
Independent examiners, report
Statement of Financial Activities
Balance sheet
Notes to the accounts
8-12

Glen Development Initiative
(A company limited by guarantee)
Inforniation
Directors
Alex Patrick Doherty
Derniot O'Hara
Maeve McLaughlin
Sinead McGlinchey
Sebrina Wright
Mauricc Joseph Bowe
Pat Joan McAnaney
Naomi Wright
Michael John Cooper
Sinead Elizabeth Murphy
Anna Dalton
Gerry Hamilton
Caroline McGuinness Brooks
Ciaran Quinn
(Resigned 19.08.24)
(Reslgned 19.08.24)
(Appointed 19.08.24)
(Appointed 19.08.24)
(Appointed 19.08.24)
(Appointed 19.08.24)
Secretary
Alex Patrick Doherty
(Resigned 19.08 ?4)
Company No:
N1060479
Charity No:
NIC101280
XR97898
Registered office
Glenview Community Centre
Cedar Street
Derry
BT48 OEG
Accountants
McGroarty Mccafferty & Company Ltd
Accountants & Tax Consultants
2 Carlisle Terrace
Derry
BT48 6JX
Bankers
Ulster Bank
North West Business Cent
Culmore Road
De
BT48 8JB
Page I

Glen Development Initiative
(A company limfited by guarantee)
Director's Report
The directors present their report and the financial sthtements for the year ended 31 March 2025.
Objectives and activities
The company is established to relieve sickness, help the aged and to promote the benefit of the inhabitants of
the Glen and city area of Co Derry and its environs by associating together the statutory authorities, voluntary
organisations and inhabitants in a common effort to enhance education and to provide facilities in the interest
of social welfare, for creation or other leisure time occupations with the object of irnproving the conditions of
life for the said inhabitants.
Directors and their interests
The directors of the charity fur the purposes of chariry law and Ihroughoul this report are collectively referred
to as the directors.
The directors serving during the year and since the year end were as follows.,
Alex Patrick Doherty
Dennot O'Hara
Maeve McLaughlin
Sinead McGlin¢hey
Sebrina Wright
Maurice Joseph Bowe
Pat Joan McAnaney
Naomi Wright
Michael John Cooper
Sinead Elizabeth Murphy
Caroline McGuinness Brooks (Appointed 19.08.24)
(Resigned 19.08.24)
Anna Dalton
(Appointed 19.08.24)
Gerry Hamilton (Appointed 19.08.24)
Ciaran Quinn
(Appointed 19.08.24)
(Resigned 19.08.24)
Governing Document
The organisation is a company with charitable status. The enrity was formed on 19th August ?(X)2 and
incorporated on 11 August 2006. The company was established under Meniorandum & Articles of
Association which outlined the area of benefit and the objects of the charitable organisation.
Rlsk Management
The directors have a risk management strategy which consists of establishing a system of identifying risks and
mitigating such risks.
Results & Performance
The results and perforniancc for the year of Glen Development Initiative are summarised in the enclosed
accounts.
Financial review
The financial performance is summarised in the enclosed accounts.
Page 2

Glen Development Initiative
(A company limited by guarantee)
Directors Report
..continued
Directors Responsibilities In Relation To The Financial Statements
The Directors of Glen Development Initiative for the purposes of company law are responsible for preparing
the Directors, Annual report and the financial slatements in accordance with applicable law and United
Kingdom Accounting Standards ( United Kingdom Generally Accepied Accounting Practice).
Company law requires the directors to prepare financial 5talements for each financial year that give a true and
fair view of the State of the affairs of the charity a( the end of the financial year and ot its surplus or deficit for
the financial year. In doing so the directors are required to:
seleci suitable accounting policie5 and apply them consistently;
- observe methods and principles in the Charities SORP (FRS102)'
make judgements and estimates that are reasonable and prudent;
slate whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in ihe financial statements.
prcpiire thc financial statements on the going concern basis unEess it is inappropriate to presume that the
charity will continue in business.
The directors are responsible for maintaining proper accounting records which disclose with reasonable
accuracy al any time the financial position of the charity and enables them to ensure that the financial
statements comply with the Companies Act 2006. The directors are also responsible tor safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
In so far as the directors aTC aware:
there is no relevani information of which the company's independent examiner is unaware, and
the directors have taken all the steps thai they ought to have taken to make themselves aware of any relevani
audit information and to establish that the independent exarniner is awiire of thai inforniation.
A resolution will be proposed at the Annual General Mccting that McGroarty Mc Caffcrty & Company Ltd be
re-appointed as accountants for the charity for the ensuing year.
This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006
relating to small companies.
This report was approved and authorised for issue by the Board on 5 November 2025 and signed on its behalf
by
Director
Director
Page 3

Glen Development Initiative
(A company limited by guarantee)
Independent Examiner's Report to the charity committee members of
Glen Development Initiative
We report on the accounts of the charity for Ihe year ended 31 March 2025 , which are set oul on pages 5 - 12.
Respective responsibilities of charity committee members and examiner
A% the charity's members you are responsible for the preparation of the accounts in accordance with the
Charities Act (Northern Ireland) 2008.
It is our responsibility to.,
examine the accounts under Section 65 of the Charities Act;
follow the procedureb laid down in the general Directions given by the Commission under Section 65(9) (b)
of the Chariries Act:
state whether particular matters have come to our attention.
Basis of Independent Examiner's Report
We have examined your charity accounts as required under Section 65 of the Charities Act and our
examination was caThted out in accordance wilh the general Directions given by the Charity Commission for
Northern Ireland under Section 65 (9)(b) of the Charities Act.
Our examination included a review of thc dccounting records kept by the charity and a comparison of the
accounts presented with tho.se record8. It also included consideration% ot any unusual items or disclosures in
the accounts, and secking explanation from you as Ch￿ltY members conccrning any such mattcrs.
Our rol¢ is Io Slate whether any material matters have come to our altention giving us cause to believe:
l. That accounting record.s were not kept in accordance with Section 63 of the Charitie5 Act.
2. That the accounts do not accord with those accounting records.
3. That the accounts do not comply with the accounting requirements of the Charities Act.
4. Thai there is turther infom1ation needed for a proper understanding of the accounts to be reached.
Independent Examiner's Statement
As the charity's gross income exceeded £250,000 the cxaminer must bc a member of a listed body. We can
confirn] that we are qualified to undertake the examination as we are a registered member of Chartered
Accountants Ireland which is one of the listed bodies.
We have completed our examination and have no concerns in respect of the matters 1 4 listed above and, in
connection with the tollowing Dircctions of thc Charity Commission Northern Ireland. we have found no
matters that require drawing to your attention.
MeGroarty Mccafferty & Company Ltd
Accountants and Tvdx Consultants
2 Carlisle Terrace
Derry
N Ireland
BT48 6JX
Date: 5 November 2025
Page 4

Glen Development Initiative
(A company limited by guarantee)
Statement of Financial Activities
for the year ended 31 March 2025
Unrestricted
Funds
Restrieted
Funds
2025
2024
Income and Expenditure
Incoming Resources
Granls & Sundry Income
?6,868
355.872
38?.740
366,381
Total Incomlng Resources
26,868
355.872
38?,740
366,381
Resources Expended
Management & Administration
41,152
355,872
397,024
3)8.600
Total R£sources Expended
41,152
355.872
397.024
358,600
Iyet Incoming l (Outgoing) Resources
(14,284)
(14,284)
7,781
Balances brought fonvard l April 2024
36,264
36.264
28,483
Balances carried forward 31 March 2025
21,980
21.980
36,264
The above amounts relate to continuing operations of the company.
The company has no recognised gains and losses other than those included in the results above and therefore
no separate statement of total recognised gains and losses has been presented. There is no difference between
the net incoming resources for the year stated above and their historical cost equivalents.
Page 5

Glen Development Initiative
(A company limited by guarantee)
Balance sheet
Rs at 31 March 2025
2025
2024
Notes
Current assets
Debtors
Cash at bank and in hand
25.333
57,298
30,790
59,397
82.631
90,187
Current liabilities
Other C[￿lI0rS
AccNals
51,424
9,227
48,790
5.133
60.651
53,923
Net current &fjsets
21,980
36,264
Total assets less current
liabilities
21,980
36,264
Reserves
Unrestricted
Restricted
21,980
36,264
10.
21,980
36,264
Page 6

Glen Development Initiative
(A company limited by guarantee)
Balance sheet (continued)
Directors, statements required by Sectlons 475(2) and (3)
for the year ended 31 March 2025
In approving these financial statements as directors of the company we hereby confirn].'
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small
cotnpanies.
The members have not required the company to obtain an audil in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requiretnents of the Companie5 Act
2006 with respect to dccounting records and preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to
the small companies regime and in accordance with FRS102 SORP.
The accounts have been approved and authorised for issue by the board on 5 November 2025.
-j HC@I.c
Director
Director
Registration No: N1060479
Page 7

Glen Development Initiative
(A Company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
General inforniation
The company is a private company limited by guarantee, registered in Northern Ireland. The address of
the registered office is Glenview Community Centre, Cedar Street, Derry, BT48 OEG.
1.1. Statement of compliance
The financial statetnents have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
Charities SORP (FRS 102), Companies Act 2006 and Charities Act (Northern Ireland) 2008.
Income
(i) Grants
Grants represents all amounts received and receivable during the year.
Capital grants are released to the profi( and loss accoun( in the year in which they are received in
line with the SORP Accounting & Reporting by Charties.
ReveThue grants are credited to the Svdtement of Financial Actl vities in the Ye￿ they are received.
(li) Donations & administration income.
This comprises amounts received during the year,
Expenditure
(i) Direct Charitable Expenditure
This represents all expenditure directly atiributable lo charitable causes.
(li) Management & Administration
This includes all other expenditure not directly allocated above and a portion of the overhead Costs
attributable to management and administration.
Page 8

Glen Development Initiative
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
Income
2025
2024
Restricted Income
Department for Communities
De￿Y City & Strabane Council
Educalion Aulhority
PHA
Halifax
NHtp
BIG Lottery Fund
StarbuckslHubbab
Dorrnant Accounts Fund Nl
Communnity Restorative Justice
Positive Ageing Small Grants
BHCP Community Garden
Success North West
Ulster University - Magee
100,962
55,365
45.948
238
1,313
108,524
10,837
48.176
1,956
3.684
774
57.098
2,100
29,175
13.916
500
500
54,143
71,622
13,187
9,866
2,632
320
49,419
5,000
355.872
331,383
Unrestricted Income
Oiher income Unrestricted
?6.868
34,998
26.868
34,998
Total Income
38?.740
366,381
(i)
Restrfficted Funds
Funds received which are earniarked by the Funder for specific purposes. Such purposes are within the
overall aims of the organisation.
(li) Unrestricted Funds
Funds which are expendable at the discretion of the company in furtherance of the aims of the charity.
In addition funds may be held in order to finance capital investment and working capital.
Page 9

Glen Development Initiative
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
Resources Expended
Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
Management & Administration
Wages & salaries
Staff pension costs
DCSDC expenses
DFC - Expenses
CRJ expenses
Halifax expenses
Positive Ageing expense
Programme expenses
Lottery fund
NHIP Expenses
EA Expenses
Magee expenses
Success NW expenses
PHA expenses
Party People expenses
StarbuckslHubbub expenses
Running expenses
Sundry expenses
Accountancy
Insurance
Bank Charges
25,418
197,047
15,111
31,501
7,667
2,992
1,400
316
21
70.010
222,465
15,111
31,501
7,667
2,992
1,400
316
15,099
70,010
193,357
11.156
9,934
15,399
13.916
491
40,431
57,098
774
4,910
15,078
9,192
5,000
1.014
238
9,192
5,(M)O
1,014
238
1.956
800
2,100
2,508
31
1,123
1,893
723
13,187
13,187
1,176
,176
65.5
655
41,152
355.872
397.024
3.58.600
Taxation
No charge to taxation 1.4 due ds the compdny hds charitable status.
Staff note
The average nutnber of persons etnployed by the company during the year amounfrd to 12
(2023.. 12)
The aggregate payroll costs incurred during the year were:
2025
2024
Wages alld salaries
Pension conlributions
222,465
15,111
193.357
10.980
237.576
204,337
Page 10

Glen Development Initiative
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
Debtors
2025
2024
Grants due
Other debtors
10.356
14,977
12,323
18,467
25,333
30.790
Current liabilities
2025
2024
Taxes and social security costs
Deferred income
Accruals
5,490
45,934
9.227
4,315
44.475
5,133
60,651
53.923
10.
Movements in Funds
At
At
l April Incoming Outgoing 31 March
2024 resources resources
2025
Restricted funds:
Total restricted funds
355,872 (355,872)
Unrestricted funds:
Total unr¢stricted funds
36,264
?6,868
(41.152}
21,980
36,264
382,740 (397,024)
21.980
Purposes of Restricted Funds
Restricted granis awarded to the charity is provided to covcr the core objects as explained in
directors report.
11.
Related Party Transactions
There were no related party transactions in the year under review.
12.
Limited by Guarantee
The company is limited by guarantee and does not have a share capital.
Page 11

Glen Development Initiative
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
13. Post Balance Sheet events
No significant events have taken place since the year end that would result in adjustments to 2025
financial inforniation or inclusion of a note thereto.
Page 12