COMPANY NO.. NI 059695 NORTHERN JRELAND CHARITYINIC) NO: NIC 101529 CHARITY REG NO: XR98926 GLOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2019
GLOIR CONTENTS PAGE Charity Reference aod Admtnistrative Deiaijs Trustees, Annual Report (lTrcludiftg DirectOf5' Rel and Strategic Report) 44 Independ¢nt Examinees Report Statement of Finatkcial Aaivities Balance Sheet Noies to Ihe Financial Sern¢ts 10-18 Detailed In¢ atld ExpeDdiMre Account 19
GLOIR Charity Reference and Adminfftstrative Details Year Ei nded 31 Decetnber 2019 Company regimtiOTJ number NIO59695 Cl?arity Registration Number XR98P6 Northern Ireland Charity (NIC) NLThber 101529 TTUStees Sr. Cathcrirte Tcresa Martift Sr. Gay Ba Sr. Pauline Coivie Sr. Olive M¢Convilk Sr. Parricia Daly Sr. Re(pina M¢Geo Sr. Anne M¢CaTthy Sr. Agnes Hawio Sr. Margaret O'Reilty (appointed l (kther ?019) Registered OtTi¢e ?7 Catherine Street Co. Dow BTi5 6JG Independent Examiner Jonathw Faulkner FCCA Ketmedy & Co Chartered CertÈfied Accountants & Rtgtsiered AudiloT5 ? l KilmoTey Street Newry Co Down BfJ4 2DF BaTrkets First Trusl Batlk 4?44 Hill Streer Newry Co Down BfJ4 IAU
GLOIR Trustees, Annual Report (Ineludiog Direttors Report 2Dd Strategic Report) Year Ended 31 December 2019 The Tntste¢s present their report and the fin8ncial siaietnents of the charity for rhe year end J l Deceinbrr 19. The Irusiees have adopted ihe provtsions of ihe Sratement of Recommended Prn¢iice (SORP) "Accounting and Reporting by Chariiies" in preparing the annual report atld financial sratemenis ofthe charity. Trusttes of the charity The diiector5 of the charitable rnPany are its mis(ees forthe purposes of charity law. The trustees who have served duftog th¢ year and 5in¢¢ the year end were a5 follows= Sr. Carherine Teresa MartiD Sr. Gay Barry Sr. Pauline Cowie (Chairperson) Sr. Olive hlcconville Sr. Patricia Daly ITrea5urer) Sr. Regina McGeown Sr. Anne Mccarthy Sr. Agnes Hannon Sr. Margaret O'Reilly (Appointed l (kwber?019) Objcetlves and activities GLOIR mainly aims ro adYan¢e educatTron and provide leadetsh5p and trdiThing th those coinmitted to developinD a fuEUTP marked by wateT social justice and specifically to address the emerging ¥ttd$ of a multi-clllittral $Iety. We have done fhis by Fdcilitsting numerous leadership trdining workshops in adult education. Our PUTP05e is to provide leadership and rrainino ftir rnen and ivomen omitted to developtng a fu£ure marked by greater 50eial jus¢ice and sJxcifieAlly to address the emerging nttds of a multi-cultunl wiety. We work collaboratively with othu5 to create spaces and places where tts.tsether wc can explore imaginar¥vely way5 of living justly on our planeL We work- with people who believe in partiCiPatinD in the shoping of a future marked by greater Kial justice. We work with d?ose who hold Leader5hiplMa#ats¢rial roles to enhance their ability tn working creatively and effe¢tively ivith their teams. We t)aniculariy support women who strive io find new m(Mlels and styles of leadetshiplmanaganent. Public benefit Statement We have achieveo our public benefii panicular]y by working ivith communities in areas of 5¢Kial and economic disadvantage. Throughout the year we have WOTked in Afraca quik often and have thetefore been successful in achieving our goals. We have reviewed Th¢ Chariry Commisston of Northem IrelaThJ guÉd8nce on public benefit and can coDfErni that we believe that WE have sattsfied th¢ public bettefil reqU1Men[. Strategic Report Achievements and performance 11ie ¢haTitv succeeded in offering Adult Education and provided leadeTship and training to those committed to developing a fiiwre Lnarked by eater social j$1Ce and spectrtcally lo addw the emerttino Treed5 of a mulii-¢uliuRI society. We h8ve done this by Fdciliiating numeroLLS leadership training workshop5 in aduli educ8ti0Tr. W¢ have achieved our public benefrt partieuiarty by working with communities in areas of social and economic disadvaniage. Throughoui ihe year we have ivorked io Africa quiie often and have therefore been succe5sfv1 in achievinv our goals. Countries worked in include K¢nyd. Zambi4 Tanzanii CatnenK>Th as wrll as lialy. Unittd Kingdom and Ireland.
GLOIR Trust, Allnual Report (Including Directors Report and Strntegic Report) Year End¢d 31 December 2019 FinaneiAI review Reserve5 Policy The Board of DirectOTS have ex8min¢d the charitys requirements for reserve5 and considerthe cwrent level th¢x¢eed rhe requirements 10 continue opemion throUD Out the ?O?o fiT>anrial yew. The cujyent level of reserve5 availableio the charity IS £45,889 and these are all unr¢strict¢d. The current level of re5erve5 available to the charity wll be able fo absorb any deficit that may arise lhrotj8hot ?0. Plans for future periods The director5 met remoiely in Ouober ?IPO and il Wds a.ed that GLOIRwould at a reduced pace,as long as Sr. Mary Harrington and Sr. Gabrielle sart are able and happy to ¢oniine_ 2020 has seen ib¢ income reduce significantly due to the global pandemic, hoivever those involvtd have usediheÉr re50urtts where possible 10 deliver workshops etc remotely so Ihere is siill an tThcome stream to cover costs. The trustees ¢onsider that the level of Teseryes available at rhe end of ?019, togeiherwith work plans for ?O?O and 2Q?I will enough Èo keep the charity 0raCIoal, however ai a reduced capacity- Structure> governance and anagement The board of dire¢tots cart only aFq)oint new trtths. A m(rtion musi be pui fonwd by one director and a Show of hands deierniines if the majoraty a8re¢s. The charity is 8 charitable company limited bv Ouataniee ond ivas incoryM)fdi¢d on 12 June 2¢)06. It is goveMed bv a memorandum of asso¢iation. The charitsble compan5 resistration nuJDi*r is N105969i attd its registered offic¢ ss ?7 Catherine Streel. Newry. Co Down. BfJ5 6JG. On 3 November 2015 the charitsble company rtgi5ter¢d with The Charity Commission for Northem Ireland and its NJC number is l Ol529.
GLOIR Trustees, Annual Report On¢ludlttg Dlrtetors Report and Strategie Report) Year Ended 31 Deeernber 2019 Tru5tees' Responsibilitie5 The trustees (who are also dir¢t¢ors of GLOIR for ihe PLEfposes of company law att responsible for preparino ihe Trustees, Annual Rcport (including the Strdieuic Report) and the f¥5Jancial statements in a¢¢ordance with applicable lawand Utlited Kingdom Ac¢ounting Stand2nts (United Kingdom Generally Accepted Accounring Prdciicel. Company law requires the m]stee5 to prepare financial 5tstements for eath firn¢la1 year. which give a tn and fair view of Ihe state of affairs of th¢ ch¥iiabl¢ ¢ompany and of the incoming resources and 2pplicarion of Te50urce5. intludino ihe incoTne and ¢xpenditurq of the charilablE company for that PETiod_ In prepaTing these finatjcial ststements, the trustees Ore Ttqutrcd ro= Select suitablc accounting poltcie5 aTKI then apply theJn con5iSntlY. observe the meth(xJs and princrples ift the Charirtes SORP 2019 IFRS R02) make judgeTnents and estimate5 that are reasonable aad PTudtnt.' slate whether 2ppli¢able UK A¢coyntiTrg Stsndards have been followed, 5vbjeei to any matertal departure5 disclosed and explaincd in the financial statements- prepare the financial 5talesnents on the going ¢on¢¢m basis unless it is inapptopriate io presume that the chTlt8ble cornpatLy will coniinue in op¢raiioD. The tru5te¢s are responsible for keeping adequatr 3ccouniing records that diselose with reasDTh&ble accurdcyany time the rinancial position of the Charlble compaay arld enable them EO ensure thai the fiTran¢ial uat¢menrs ¢omply with the Companies Act 7006. They are also responsible for safeguarding the a55ets of the chariiable company and hence for taking r¢ason3ble steps for the preveniion and de110 of fraud and other IJTegulariiies. The report of the tsystees has been Prepata tsking adydtitage ofthe stna]I cornpanies. exetnptioll of Section 41iA of the Companies Act 2tMJ6. Disclosure of information to thc lDdeper¢deTrt ExaTniner We. the direetots of the company who he5d offir£ at the date of approval of these Ftn8neial stateents as set oji above each coftfimi, so faras we are aware. that.. there 15 no rekvant infonnion of ivhich the companys Indet£nd¢nt Lx4miner is unaivpre" and we have iakeTh all the steps that we oUt io have thken as diTxrors in orderto make ourselves aware of anyr¢levant illformation and to eabliSh fvt the compaDy5 ]Thdendent Examiner is awdre of that infornlation. Jn approving the Trustees, Anllual Report. we also approve the Straiegic Report included theTein: in our cap¥ity as coinpany directors. Approved by the Board on 2nd signed on its behaifby: 5rl Sr. Regiii eown
GLOIR Indep¢ndcnt Examiner's Report to the Trnstees of GLOIR l p)rt on the accounts of the company for rhe year ended J l December2019 which art sct out on pages 810 19. Resp¢ctive responsibilities of trnstees and examTueT As the charity rrustees (and 8iso the dire¢tOES of the company for the pwposes of cornpany lawl yov are responsible for rhe preparation of the aecounts iF) a¢CordaCe with the TEquireTnenrs of the Companies Att 2006. Having satisfied myself ihat the charity is nor subje¢t to audit wlder company law. and is elioible for indep¢r]dent examination. it is my re5w)n55bility ro.. ¢XamiEJe the accounts under section 65 of the Charities Aci (Northern Ireland) 2008. follow Ihe procedures laid dowm in the tsener#l Directions givm by the Charity Commtssion for Northttn Ireland ynder section 65191(b} of ihe Charities A¢i' and stste whether pani¢ular matters have come to my atteniion. Basis of Independent Lvdmiuer's Report I have examined ytsw charity accowits as wuired uader section 65 of the Charities Aci and my exam5naiion was tarried out in accordanee with the general Directions giyen by the ChariÉv Commission for Northern Ircland under sectn 65(91(b} of the Charities Aci. The examinaiioD included a review of the accoynttng tY¢ords kept by the Charity and a ¢omp2r5s0n of Ili¢ accounts pres¢nted with those records. li a150 incltjdes ¢onsideratton of any unusual irems or disclosures in the accounts. aiid seeking explanatttsr from you 25 Crity trus*es concernin¢v any such matters. My role is 10 stale whether any m81¢ri81 Mar have come to my atteniion giving me cause to believe= That accounring records were not kept in ac¢onJan¢e wtth seaion 386 of the Companies Act 2 2. That the accounts do not ac¢ord with those accounitng records That the accounts do n¢X comply with the accoun(ing Tequirements of section 396 of the Companies Acr ?006 and wilh the rnethods atjd principle5 of the Charities Sthtem¢nt of Recommended PT8cf5ce applicable to ¢harilT¢5 preparing their ac¢ounis in aceordance wsih ihe Financial ReportirÈQ Stsndard applicable in the UK and Republic of Ireland 4. That there is further inforntation needed for a prDper understanding of the ac¢ounts io be Teach. Independent examiner's statement I have completed my ex8miAation and have rto concerns in Twi of the matters (1) 10 (4) listed abDve and, in corjneclion with following the D%rectlOns of ihe Charity Commission for Nonh¢m Irelattd. I have found no matt¢TS that require drdwiiig to your attention. Jontthgn Faulkner FCCA K¢rtThedy & Co Chartered Certified Accountants and Registered Auditors 21 KiImorey Street N¢wry Co. Down BT34 2DF
GLOIR Staternent of Finallcial Aetivities Year Ended 31 December 2019 Uorestrtreted Re5tri¢ted Total FuDds Totsl Funds FuNd5 2019 2018 NOTFS Income from: Charitable A¢tivitLes Inv¢srmenr Income 51.058 51,058 29,991 154 88 13,772 11,038 Total Income 64.984 64,984 41,117 Exp¢Dflitsre on: Charitable Aclivilies Support Costs Govemance Costs ?0,723 35.908 2.911 19,717 35,908 34,949 ),410 Total Expenditure 59.548 59,548 57.076 Net lllcomel(expettditure} 5,436 (15.959) Net movement in futtd$ 14 5,436 {15,959) Reeonclliation of funds: Totsl funds brought forward 40,453 56,41? Total funds Carried foTward 14 45,889 45.889 40,453 All incom¢ and expendiiur¢ derive frn continuing activiii The staitment of financial activities snclth atl gait)s and losses To]sed durÈng the year.
GLOIR B81ance Sheet Year Ellded 31 December 2019 2019 2018 NOTE Fixed Assets Tangible Assets 12 1.901 Cvrrcnt A55ets Cash at Bank 39.517 45.64? i9.517 Creditors: AmouR15 FallÈng Due Withio One Year 13 1.655 1,599 Net CurrElIt Assets 4i.987 i7,918 Net Assets 45,888 40,453 Ch3rÈty Funds Unre5tTiCted Funds 45,888 40.45) Total Charity Funds 45,888 40.4)3 For the year ending 31 December 2019 the ClH[ht Wds ¢niirled to exemwion under 5ectton 477 of the Conynies Act 2006 relattDg to small companie5. The directors have Doi reqyired the ¢ompany to obtain an altdit in accordance srttion 476 of the Companies Au 2006. The direciors ackn(twledge their responsibiliues for complying with the requÈretnents of the Acr with Spect w accountEng re¢ords and ihe weparaiior* of attounts. These financial sipi¢ments have been Prepared tn ac¢ordance wilh the provisions applicable to companies subiBCt to the small companies, Tegitn& These annual a¢wuftis and reports have been deliVed in rdIn with the provisioThs applicable to c(Trmpmi¢5 subject fo tlie small conipanies, Tegime. The fin8n¢ial stÈtements were approved and auth0ri5ed for issue by the BO on Signed on behalf of the IB)ard of Trustees TTUStee: {ly n# MeGeown
GLOIR Notes to the Financial StAttments Year Ended 31 December 2019 Summary ofsiunificant #ceountiJT policies General inform3tioN and basis of PTep#rdtion GLOIR is a CliariE8ble Company based in Northern Ireland. In the event of the eharity kin8 wound up, the liabiliLy in respect of the 8uaAntee is lin)iLed io £1 per member of (he charity. The addre55 of the regIsted offite 1$ given in the e i of these financial Statements. The nature of the charitys i)perniio]LS and principal charity infomiaiion on pa? Jctivilies are to facilirare of leadership training through aduli edllcarion. The Charity ¢onstiiuies a public benefit ettiiry as defined by FRS I. The fjnaDcial ststemenis hove bcen prepared in aceordance iviih Accounting and RerK)ntng by Charitbes= Stsiement of EiecoHuRended Practice applicable to charities PTeparing their accounts in attordaD¢e ivith the Financial Reporting Siandard applicable I the UK and Republic of Ireland issued in October 2019. Ihe Finan¢ial Reportkno Stsndard applicable Èn the United Kingdom aod Republic of Ireland (FRS 102), the Charities Aci 2011, the Coinpanies Aci ?006 and UK Generdlly Accepted Prdcttee. The charity h&s applied Updaie Bulletin l as published olt 2 February ?016 and does not in¢lude a cath flow 5takn)eDI on the grounds thai li is applyino FRS 102 Section l A. Tlie financial sthiemenrs are prepaTed on a going concem bast5 underihe historical ¢ost convention, modified to include cernin items 8t fair walue. The financial stsiemts are presented steiling which is the fun¢¢ton21 currency of the charity. The sitsnÈficant att(truniing policie5 applied in the preparation of these firtancial sfatrments are Set oui below. These policies have been con5iStently applied w all years presenied unlesg oth¢nYise 5thred. Funds UTwestricied ndS are avatlable For use ai rhe di5cFerion of the tr11$ in fityther8nee of the 8¢lletal obje£tivt5 of ih¢ ¢harity and which have noi been designated for other purposes. Designad fijnds comwise unrcstricd fimds that have been set &%ide by the trustee5 for particular purpose5. The aim and use of each de5igAatcd fund is set out in the notes to the financial ststtments. Restricted fund5 are funds which are to be used in accord8Te with specific re5trieiions imposed by donoTS or which liave been taised by the charity for particular pur[s. The CO of raisinu and administering such funds are charged againsr the specific find. The al and use of each restrr¢t¢d fund is Set Out in ih¢ note5 10 the financial stslements.
GIA)IR Notes to the Financial Statements Year Ei nded 31 December2019 l. Sutnmary ofsignificant a¢eounting polieies (Coot..) Ineome rewgoitio All incomtng re50urce$ iDcluded in the Statement of Financial Aclivrtses (SOFA) the Charity is leallY entitled to the income after any performance condittons have been mei the can be meaSUd reliably èud it is probable that ihe income will be reeeived. For donaiions to be recoonised the charity will have been notified of the amottnts Ihe settlement dtie in wrlting. If there are condilions attached to the donation and this requires a level of performance before entitlemenican be obtaiiied then incoJn¢ is deferred ntIl Ihose condtiioThs are lEY me( or the fuifilmeni of those conditio 15 wiihill the control of the ¢harity and il is probable thai they will be fulftlled. Donated facilitie5 and donated PTofessional services are recognised i# incoEne at their fatr value when their econoinic benefit is probable. it Can be tnehSured reliably and the Charity has control over the iiem. Fair value is ddern)1ed on the basis of the value of tlie gift io the charity. For example ihe amount the tharity would be willing 10 rmy in the open marLei for such facilities and services. A ¢onespondsng atnount Is recognised in ¢xpetsditure. No amount is included in the finaThcÈal statements for voluntttr time in line wtth the SORP. InvesDn¢nt income is earned Ehrough inwesi frnm the IxEJk. Imere5t income is reCOlSed using the effectÉve intere51 mcthod. OUier illCOTne tncludes the reimbwsenwni of travel exrkTbse5. Expenditure recognfrtio All eXnditUre i5 accounied for on an accruals basis and has been ¢las5ified under heading5 thal agwie all Costs related to the ¢ategory. Expendtture is re¢olsed wheTe there is a legal or consthjctive obligation lo rrAL'e payments lo third parties. it is probable that the settlement will be tEquittd and the amount of the obligaiion Can be ]neasured reliably. It is caiegorised underth¢ followrng headFnJo '. Charitable ActiYiti¢s- Support Costs: and Goveman¢¢ Costs. Irrecoverable VAT 15 charged as an ¢x]xnse against die activity for which ex1)jre ar95e. li
GLOIR Notes to tIRe Finanei41 Slalements YearEnded 31 December 2019 Summary ofsignificant accounting policies (Cont..) Support ¢osts #llocation Support Costs are those that assist ihe work- of the charity but th) not directly represent charitsble activities and include office cosis. governance cost& admtnistrdtive payroll costs. llw are incurred dire¢ily in support of expenditure on the objects ofihe charity. Where supwrt costs tannot be directly attributed io particular headin¥ they litv¢ been all0¢ed to ¢haritsble activity costs and expendtture on oovernance costs on a b&%is consistent with use of Ihe resource Premises overhead5 and other overhea(Ls have been allotated as expeodirwe on support costs. Tangible fixed assets Tan(rible fixed assets are ststed cost less accumulated depTecFation and accumulatul impairnient1055e& Cost includes costs directly anrilxnable to making the &5S¢t eapable of owingas intended. tkpre£iation is provided on all rang1 1¢ fixed assets. ai Tales calculated to write off the c05t, less e5timaied residual value. of each asset on a 5yStem81ic b&%È5 over its exCted us¢fiJJ Itfe as follows". Ayset Cla55 Fixtures. Fitting5 and Equipment Motor Vehicles Depreeiation method and rgte ?)% Reducing Balan¢E 25% Reducin8 Balance Creditors payable wiibin one yethr Creditor5 With no statrd interest rate aTrd receEvable or payable within one ycar are recorded at transaction pr5ce. ArJy1055es arisng from imPaiTM¢I are ised in eX]re. Impalrment Assets not measured at fair value are reviewed for any indication that the assd may be impaired at balance sheet date. If such indÈcation exists. the reverable amount of the asseL or the as5eVs cash tsenerdtinv unit, 15 estimated and compared to il)e carryinu nout." Where the nYIng amouni ceedS its COvebIt amount, all impainnent 1055 IS recogni5ed in profit or loss unlets the ass is ¢rried ai a revalued amouThE wlier¢ ihe impaimient loss is a revaluatio deereas¢. Foreign ¢urrency Forei. currency rransaaions are initially Tec01$td by applyints io the fOreI(r currency amount the 5PDt ¢x¢hang¢ rate between the functional Curren anil the foreign cunency the date of the ts2$10[}. Monetary assets and liabilities deJKJMinared in a ftsreign cwTcncy ai the balanL* sheet date are translat¢d using th¢ ¢losing rdte. 12
Notes to the Finaneial Statements Year Ended 31 Deetmber2019 Symmary of signifi¢apt aecounting polieies ICoDf..) Pensions The charity op¢ras a defined contribution plan for the benefit of its Lev per9ne1. Contributions Hre expensed a5 th¢y be¢ome payable. Tax The charity Ès an exempt charity within tFte Tneaning of s¢hedule J of the Chartiies Act ?01 l and is consh4ered to pass the tests sei out in P8raoJaph I Schedule 6 Finance Act ?010 and there¥0 it mrtts the definilEon of a ¢h8rtlabl¢ company for UK rpol[0n lax PUTPOKS. GoÈng concer The financial a[eMents have been prepared (m a ooing con¢em ba5Ès as ihe trustees believe that no maierial uncertainties exisL The trttee$ have Considered The level of funds held and the expeci¢d level of income and expendily for l? TnOn from authoiisins these fjnancial siaterRents. The trtjdgeied income and eYpend5ture is sufficient with the level of TeseTVCS for the charity io be able to coniinue as a going concern. Income from eharitable attivities 2019 2018 Sale of Servyces 51,058 29.991 In¢ome from charilable activities was £51.058 (2018- £29.991) and was wholly attributsble to unrestrKd funds. Income from investtBents 2019 2018 Interest- Dewsils 154 88 Income frotn investments was £154 (?018- £88) and was wholly attributhble to WUf5triEtEd fi]nd5. Other In¢ome 2019 2018 Resmbursment of Trdvel Expenses ITtcome from oiher income was £li.772 P018- £11,038) aThd was wholly attributable to unrestricred fimts. 11,038 13
GLOIR Yotes to tbe Finaneial Statements Year Ended 31 Deeembtr2019 Analy5iy of expeDditsre on tharitsble aetivitie5 Activities ndertakE4 directly 2019 2018 Workshop Expense Motor Expenses Education and Training 16,675 1,944 2,104 15,185 1,471 i,061 ?0.723 19,717 £?o.P3 (2018- £19.717) of the above costs wholly attribytable to unrestricted funds. Allocation ofsupport eosts Activitirs underlsken dire¢dy 2019 Total 2018 ent and Rates Repairs and Renewals Telephone Light and Heal St2tionery and Computer Costs Bank Cliarges Depreciation oft Motor Vehick Depreciation on oifice Equipment Pension Coniributions Exchènge rnte ditkTEnce5 5.085 i,840 209 ?06 82? 314 467 167 ?7.78j 480 ??2 ?8,771 57 35,908 34.949 Governance Costs ?019 2018 ItkdependEllt ExarniTter5 Remunerdti¢)n Professional Fees 8IKI 800 1,610 ?.917 14
GLOIR Notss to the Financial St2tetDents Year Ended 31 Deeember 2019 Net Ineome for the year 2119 2018 Net ITtcome 15 Stated after chargingl{Crediting) Depreciaiion of ranaible fixed assets Net gains on foreign exchange 6)4 480 845 57 902 Independent ex$miDers remuneration The independent examkners remuneration amowits to an independent examination fee of £800 (2018-£800). 10. Truste, and key managemeDt peT500nel remunerdtion and expenses The tot21 amounr of ben¢fiis received by key management p¢rsoTwel is £27.78J {?018- £28,771). 2 {?018 - 2) key managetnenl FtT50nr*l are acerning pension aT¥anuements. I l.Trustees' and key management personDel remuDeratioD expeases (eontinued) The teiTnbursement of m]stees expenses was as follows: 019 2018 Trnvel 13,772 I I,Oi8 15
GLOIR Notes to the Fin&ncial Statements Year Ended 31 Decembcr 2019 12. Tangible Fixed Assets rixture5. Fitting5 & Motor Equipment Vehi¢ltS Tot81 Cost At l January ?019 7,885 ioJoo Additions Disposal At 31 December?019 7,885 ioJoo 18,385 Depreciation At l January ?019 15.850 Charge for th¢ Year 167 467 634 On Disposal At 31 December ?019 7J85 9.099 16,484 Net Book Value At JI December 2019 500 1,401 1,901 Ai JI Decetnber 2018 667 1.868 13. CreditOTS: aTnounts folllttg due wiihin one year 2019 2018 Other Creditors A¢cnJals 1.165 490 1,139 460 1.655 1.599 16
GLOIR Plotes to the Financial Statements Year Ended 31 December2019 14. Funds reconciliation Unrestrieted funds Bal#nee gt l Janaary 2019 Balare It Incomc EXp¢dIture 31 De£ernber 2019 Unrestricted Fund5 40,45) 64.984 59,)48 45.889 40.45i 64.984 59.548 45,889 Fund Deseriptions Unresiricted fittkd5 are rEserves that will be used for the ongoing Charitable Company's activities. 15. Analysls of net assets between funds Unrestricted Funds Restricted Funds Total Fixed assets Other current a55etslliabilÉties 1,901 4).987 1.901 43,987 45,888 45,888 16. Reeonclllatlon of net incomel(expellditUTe) to net c4sh flow from opcr#ting #ctivities 2019 2018 Net Incomelekpenditure for the year Ititerest Receivable Depreciation of ianaible fixed assets Increasel{decreasel Én creditors 5.282 (15,959) 88 845 (465) 634 55 Net cash flow from operating aetiwities 6.125 {15,491) 17
GLOIR Notes to the Financial Statements Year Ertded 31 Decemb¢r 2019 17. Pension$ and other post-TetiremeRt benefits Defijed contr5bution pensioft plans The charity operate5 a defined ¢ortrribution pension pla# for Èrs iTusr¢e5. The amount Tecogni5ed as an expense in Ihe period was £ 27,78) QOI 8 - 8.771)- This cosi has been allocated io support COY5 ttT is an uThrestri¢ied COSL 18. Related party ¢r4ttsaetioMs There are no reled p3ny ttansarttons during the rxrkod (2018. £ Ril). 19. Posl-BAlance Shttt Events Aft¢r the balance theet date. the companys aclivities reduced significaThtly due 10 the oltsbal pandetnio The company h diversifTed attd whert possible. delivered worKshop5 remoiely so ihet¢ is still an income stream io cover costs. Ir is Dot ¢urrently possible io qUatify the financial impa¢1 of this. 18
GLOIR Detailed Income and Expenditure Aceount for the year ended 31 December 2019 2019 2018 Income Income frotn £h2ritsble acttvtEje5 Incotnt from Énvesmients Other Income 51.058 154 88 64.984 ChaTit2ble Activities Workshop ENpense h4olor expenses Education aDd Training 16,67) 1.944 ?0.723 19,717 Suppor¢ Costs Rent and Rates Repairs and Renewals Telephot)e Stationery and Computer Costs Light and Heat Bank charge5 Deprecialion on Motor Vehicle Deprectation OF) Offiee Equipment Pension Contyibuiions Exchange Rate Differtnces 5.085 91 141 i,140 91 ?09 822 206 366 467 167 ?7.78j i14 91.771 57 i5.908 i4.949 Governanee Costs lftdependent ExamiD¢f5 RemwJ¢ration Professional Fees ifiio ?.917 2,410 Tot81 Expenditure 59,548 5?,076 Net Surplusl(Defieit) 5,436 (15.959) 19