COMPANY NO: N1059695 NORTHERN IRELAND CHARITY INICI NO.. NIC 101529 CHARITY REG NO.. XR98926 GLOIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AKDt4HBC 2510912024 COMPANIES HOUSE A13
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GLOIR CONTENTS PAGE Charity Reference and Administrative Details Trustees, Annual Report I Includin8 Directors, Report and Strategic Report) Independent Examiner's Report Statement of Financial Activites 8alance Sheet Notes to the Financial Statements 10-18 Detailed Income and Expenditure Account 19
GLOIR Charity Reference and Administrative Oetails Year Ended 31 Decernber 2023 Company Registration Number N1059695 Charity Re8lStration Number XR98926 Northern Ireland Charity INICI Number 101529 Trustees Sr. Catherine Teresa Martin Sr. Gay Barry Sr. Pauline Cowie IResi8ned on 31 May 20241 Sr. Olive Mcconville Sr. Patricia Daly Sr. Regina McGeown Sr. Anne Mccarfhy (Resigned on 31 May 20241 Sr. Agnes Hannon Sr. Margaret O'Reilly Regi5rered Office 27 Catherine Street Newry Co. Down BT35 6JG Independent Examinef Jonathan Faulkner FCCA Kennedy & Co Chartered Certified Accountants & Registered Auditors 21 Kilrnorey Street Newry Co. Down BT34 2 DF Bankers AIB 42.44 Hill Street Newry Co. Oown 8T34 IAU
GLOIR Trustee5' Annual Report Ilncluding Directors Report and Strategic Report) Year Ended 310ecember 2023 The Trustees present iheir repon and the independently examined financlal Statements of the charity lor the year ended 310ecember 2023. The trustee5 have adopted the provisions of the Statement ol Recommended Practice ISORPI 'Ac¢ounting and Reporting by Charities" In preparing the annual report and financial siatements of ihe charity. Trusieès of the charity The directors of ihe chaiitable company are its trustees for the purpose of tharity law. The trustees who h•ve Served during ihe year and since the year end were ès follows,. Sr. Catherine Teresa Martin Si. Gay Barry Sf. P3uline Cowie IChaifptTsonl IAesi8ned on 31 May 20241 Sr. Olive McConvlle Sr. Patrlcia Daly (Treasureil Sr. Re8ina McGeowTr Sr. Anne Mccarthy (Resigned on 31 May 20241 Sr. A8nes Hannon Sf. Marearet O'Reillv Otyje¢t4ves and activities GLOIR mainly aims to advance educofion an¢Y provide leadership and iiainln8 to those Commilted io de¥elopin8 a fulure marked by ereater sf)cial justice and specifically lo acjdfess Ihe emer8+ftg needs ol a multi<uliural socieiy. We have one rhi5 by facilitaiiTh8 numeiotss leadef5hip training wofkshop5 in adult education. Our PLtipost is to provide le)der5hip and trainin8 lor rnen and women omitted to deweloplng a lutufe marked by 8reatei Social justice and speesfi¢ally to address the emergin8 needs ol a multi-cultural Society. We work with people who believe in p•rticipaiinB the the shapin8 of a lulure marked by ifeater social justice. We work with ihose who hold LeJdeiship/M•na8erial roles to enhan¢e their ability in working cre•lively and elfe¢tSvlv with their teams. We particularly support women who strive to lind new models and style5 of leadershiplmanagement. Public benefit Statement We have a¢hieved our public benefit particularly by working with comrnuniiies in aTea5 of social and economic disadvantJ8e. Thou8houi the year we have worked in Aepublic ol Ireland, Vntted Ktn8dom, iialy and Qarar and have rhefelore been sucessful in achievin8 OUK 60)15. We have reviewed The Charity Commission of Northern Ireland guidance on public benefit an(1 can confirm that we believe that we hove satisfied the public benelit requirernent. Sirate8ic Report Achie¥emenis and performance The charity succeeded in offerin8 Adult Education and provided leadership and traSning to those committed to developin& a lulijfe marked by greater social justlce and specillcally 10 add¥ess the emergin8 needs of a multi-culi¢Jial societv. We have done this by facilitatin8 numberous leadership iratning workshops in adult education. We have achieved our public benelit particularly by workin6 Wlth communities in areas of social and economic disadvantage. Thoughout the year we have worked in Republic of Ireland, the United Kingdom, Italy and Qatar. quite often and have therefore been Successful in achieving our goals.
GLOIR Tru5tee5' Annual Report {Including Directors Report and Strateglc Report) Year Ended 310ecember 2023 Financial review Reserves Policv The Board of Directors have examined the charity's requirements for reserves and consider the current level to exceed the requirements to continue operation throughout the 2024 financial year. The current level of reserves available to the charity is £61,293 and these are all unrestricted. The current level of reserves awailable to ihe charity will be able to absorb any def icit that may arise throughout 2024. Plan5 for f utuie perlods The directors met remotely in June 2024 and it was agreed that GLOIR would continue. at the current pace, as lon8 as Sr. Mary Harrington and Sr Gabrielle Stuarl are able and happy to continue with the support of Sr Mary Conway. The convenience of workin8 via 200m is still attractive to some congregalions to save on travel costs, so this option will remain, although some con8regations still do prefer the face to face facilitation Struclure, governance and management The board of directors can only appoint new trusiee5. A motion must be put forward by one director and a show of hands determines if the majorily agrees. The charity is a charitable company limited bv Euarantee and was incorporated on 12 June 2006. It is governed by a memorandum of association. The charitable company's registration number is N1059695 and its re8lStered office is 27 Catherine Street, Newrv, Co Down, BT35 6JG. On 3 November 2015 the charitable company registered with The Charity Commission for Northern Ireland and its NIC Number 15 101529.
GLOIR Trustees, Annual Report (Including Directois Report and Strategic Report) Year Ended 31 December 2023 TTusiee5' Responslbllites Statement The Irustee5 (who are also direcrors of GLOIR for the purposes of company law are reponsible for preparine the Trusiees, Annual Aepon lincludin8 Ihe Slrategic Report) and the financial stètemenis 11) accordance wilh applicable law and ijnited Kingdom Accounlins Standards (United Kingdom Geneially Accepted Accounting Praclicel. Company law requires the trustee5 to prepare financial 5tatemenis fof each financial year, which give a true and laii view of the State ol affairs of the charitable company and of the incornin8 fe50urces and application ol resources, including the income and expendtiure, of the chafltable company lor that peiiod. In preparing these financial statemenis, Ihe trustees are required to.. seleci suitable accountin8 policies and then apply rhem consisrenily,. obseive the Methods and principle5 in ihe Charities SORP 2019 IFRS 1021 make jud8ements and esrimaies that ale reasonable and prudenr,. slate whether applicable UK Accountin8 Standards have been followed. 5ubjec( to any material departures disc105ed and explained in Ihe financial siaternents; prepare che financial siatemenls on the going concern basis unless it is inappropriate io presume that the charitable company will conlinue in operation. The trustees are responsible lor keepin8 adequate accounting records that disclose with reasonable accuracy ai any time the financial position of the charirable compony and enable them 10 ensure that the financial slaiements comply with the Cornpanies Aci 2006. They are also responsible lor safe8uardin8 the assets ol rhe chariiable Company and hence lor takin8 reasonable steps lof ihe prevention and deteciion ol fraud and other iire8ulaiities. The report ol ihe trustees has been prepared iaking advania8e of Ihe small companies. exemption of Seciion 415A ol the Companies Act 2006. Oisclosure of inlormation t¢ the Independent Examlner We. the directors of the company who held office ar (he date ol appioval of these Financial Siaremenis as sei oui above each confirm, 50 far as we ale aware, rhai.. there is no relevant inloimation of which the company'5 Independenr Examiner 15 unaware. and we have raken all of the steps that we ought to have taken ès direcior5 in order lo make ourselves aware of any relevant informarion and 10 esiablish thai the company's Independeni Examiner is aware ol Ihot inlormolion. In approving the Tru5tees' Annual Report, we 0150 approve the 51raiegic Report included therein, in our capacity as company irectors. Approved by the Board on and sign on bts behalf by.. Sr. Re8ina Mc wn
GLOIR Independent Examiner's Rèport to the Trustees of GLOIR I repwt io the charity Ifustees on my examiTh•iion of the a¢¢ounrs of the cornpaDy Ior the year qnde4 31 December 2023 which are set out on pages 8 10 19. Respe(il¥e iesponsibilities of trustees and examiner AS the chaflty irustees land also the diiecttsrs of Ihe company lor rhe purposes of company lawl you are cesponsible foi the pfeparaiion ol the accounis in accordance with ihe roquirernents tsl the Companies Act 2006. Having satisfsed mysell thar the ¢h¥rify is no¢ subjeci 10 audit under company law. and is eli8ible lor independeni exarninaiion. 11 15 my respon5ibiliry to.. examinè Ihe accounts Untler section 65 ol the Charities Act INorthern Irelandl 2008., lollow the proceduies lèi¢J down in the 8ene¥al Direction$ 8iYen by the Charity Cornmi551on for Northern Ireland urtder section 6519llbl tsf the Charities A£t. and stale whelhef partlcular matters have come io rny arienrion. •sIs ol Independent exominer's Ileport I have examined you¢ charity accourt(s as rtluired under se¢tion 6S ol ihe Charli$ Aci ènd my examinalitsn was Cafiied out in accordance with the Beneral Oiieciion5 8iven by rhe Charily Commission lor Northern Ireian¢J under section 651911bl ol the Chafities Aci. The examination tn¢luded a reiew ol the a¢¢O¥ntin8 rt¢ords kepi by ihe charily and a compari50n of the ociouThis pre5enred Wilh ¢hose record5. 11 also inilude5 consideraiion ol any unusual items or dis£losures in (lie accounts. and seekin8 explanations Irorn you as Charity rrusiees concerning any such matters. My role is to state wheihet any material mariers have ¢¢me io my afieniioTh ii¥in8 mt couse to believe.. l. That accounting fecorL¢s were noi kepr in aCCOfdance with seciion 386 01 the Company Act 2006. 2. That the accounts do not accord wilh those accounting record5. 3. Thai the accounts do not comply with ihe aceountine reguirernents ol section 396 01 the Companies Act 2006 and with Ihe meihod5 and printiple5 01 ihe Charilie5 Siaierneni OF Recommended Praciice applicable to charitie5 preparin8 their accounts in accordonce wilh lh• Financlal Reporiin8 Standard applicablt in the and Republic ol Irtland. 4. That iheie bs further inlofmaiion needed lof a piopei understadin8 of thè accounts to bè reached. lft+JepenOtnt examifter's 51atement I have compleied my examifiailon and have no concerns in respect ot ihe mèrter$111 to141 listed atsove •nd, in ¢onntt(ion wi¢h lollowin8 the Olreciion5 01 rhe Charlty Commission lor Norihefn iieland, I hove found no rnatters thai fequire drawinB 1¢ your atieniion. jonathan Faulkner FCCA Kenned¥ & Co Charieied Certined Acco•Jn¢ants and Re8i$i¢red Audilors 11 Kilrnorey siieei Newly Co Down 8T34 20F Date-. 2oLLr
GLOIR Statement ol FinJnrial Aclivities Year Ended 310ecember 2023 Unfesiri¢ied Funds Resiiicted F0$ OTES Total 2023 Toial 2022 Income from.. Ch•iiiable Actlvities Other Toial Income 53.887 4.549 58.436 53,887 4,549 58,436 69.260 6.159 75,419 Expendlt¢Jr• on.. Chafiiable Activities Suppoil Costs Governance Costs Total Expendltur• 16.458 39.631 2,419 58,508 16.458 39,631 2,419 S8,$08 20,769 34.967 5,184 60.920 Net IncomellEMpenditUfel 72 14.499 Net movemeni in lunds 13 1721 1721 14.499 Re£on¢lll4t5on ¢1 lunds.. Total lunds brouGht lOard 13 61.365 61,365 46,866 Tolal lunds ¢•riltd Fofword 13 61.293 61,365 All income and expenditure derivo Irom continuiTh8 4Ctlvlties. The 5tatemeni ol financial acrivilie5 inclydes 4118ains •nd19sse5 reco8fiised dufir*8 ihe yeai.
GLOIR Balance Sheet Year Ended 31 Oecember 2023 NOTES 2023 2022 Fimed A55ets Tangible Assets io 7.013 8.772 Cuiienl Assets Oiher Debtors Cash at 8ank Ji 1.549 S2.146 53.695 55,601 SS,601 Crtd*tors'. Amounis FalliD8 Oue Within One Y•ar 12 1,321 1,102 Net Current Assets S4.280 52.593 Nei Assets 61,293 61,365 Chaitty Funds Unrestrlcted Funds Total Charily Fund5 13 61,293 61,293 61,365 61,365 For the year endin8 31 Oecernber 2023 the company was entltled to exempiion under section 477 01 the Company Act 2006 relatlfi8 to 5rnall companie5, The directors have not ieouired the cornpany to obtain an audit in accordance with section 476 01 ihe Companies Act 2006. The directois acknowledge their respon51billties lor complyln8 Wlth the reouirernenis ol the Act with re5pe¢t to Jccountin8 records and the preparaty'on of financial sra¢emeni5. These financial staiement5 have been prepared in accordance with ihe provisions applicable io companies subject to the small companies. regime. These annual accounts and report5 have been delivered in accordance with the provisions applicable tocornpanie5 subject the small companies, regime. The financial statements were appioved an(1 avthorised for issue by the Board on Signed on behalf of the board of Trustees. Tiustee.. Sr. ReEin (Geown
GLOIR Notes to the Financial statements Year Ended 31 Oecember 2023 I Summary ol si8nificant ac¢oun¢ing poli¢les General inlormation and basis of preparation GLOIR is a Charitable Company baseil in Northern Ireland. In ihe event of the charity bein8 wound up, the liability in respeci ol the 8uarantee is limited to El per member ol the charlty. The address ol the re8isrered ollice 1$ 8iven in the charity information on pège 3 01 these linancial sraiement5. The nature ol the charity's operations and principal attivities are to facilitate of leadership trainin8 throu8h adult education. rhe Charity constilutes a publlc benefit eniliy as defined by FRS 102. The financial staiemertts havt been prepared in accoroance witli Ac¢ovntin8 and Reporting by Charilies. Siatement ol Recommended Practice applicable t ¢hafilies preparina theif aCCOLtntS in ac¢ordJnte wilh the Financial ReponinB Standard applicable in ihe UK and Republic of Ireland bssued in October 2019, Ihe Financial fterJortln6 Starsdard applicable in ihe Urnited Kingdom •nd R•public ol Ireland IFRS 1021, the Chbfitles Aci 2011, the Companies Aci 2006 and UK Generally cePted Accountin8 Pr•ctic•. rhe financial statements are prepared on a 80ift8 concern bèsi5 tsndei the hisrorical cost convenlion. modif¢ed to include certain iterns at lair value. The financial siatements are pre5enied irt sterlin8 which is ihe functional currency of rhe chairty. The significant accountin8 policie5 applied ¢n the preparation ol these financial 5tatemenis ale set ovt below. These policies have been consisteniiy Jpplie¢J io all years presented urtless otherwise sta¢ed. Funds Unrestricted funds are available lor use ai the discretion of ihe trustees in furtherJnce ol the general objeciives of the chaflty and whlch have not been designated lor orher purp05e5. Otsignated funds comprise unresiricied funds thai have been set aside by the tf1151ees lor partlculaf purposes. The aim and use of each desi8naied fund is set oui ITh the notes to the financial slatemenls. Resiricted funtjs are funds which ère io be used in accordance with specific resirictiOfTrS imposed by donors or whlch have been raised by the charity foi particular purposes. The cost of raisin8 and administering such funds are charged a8alllSt the specific fund. The aim and use of each reslricted fund is set oul in the note5 10 the financial statement5. io
GLOIR Notes to the Flnanclal Statements Year Ended 31 Decembei 2023 1 5ummafy ¢1 significant a¢¢ountin8 policies (Conl..) Income reiognition All incoming resources are included in the Siatement of Financial Activities ISOFAI when the charity is legally enlitled to the income after any performance conditions have been met, the amoLtnt can be measured reliably and it is probable thai the income will be feceived. For donations 10 be fecognised the charity will have been notified of the amounts and the Settlement date in writing. If there are condiiions artached ro (he donation and ihis reqtjiries a level of performance before entitlement can be obiained then income is deferred until those conditions are fully rnet or the fulfilmenl of those conditions 55 within the control of the charity and it is probable ihat they will be lulfilled. Oonated facilities and donated professional sernices are recognised in income at their fair ¥aluÈ when their economic benefit 15 probable. It can be measured reliably and the charlty has control over the item. Fair Value 15 determined on the basis ol the value of rhe 81ft to the charity. r.or example, the amount the charity would be willin8 to pay in the open market for such facilities and services. A corie5ponding amount is reco8nised in expendifure. No amount is included in the financial staternenls for volun¢eer Ilme in line wilh rhe SORP. Income fiom trading activities includes income earned from lundraisin8 events and trading activities to raise funds for the charity. Income is received in exchange foi supplyin8 Boods and seivices in order to raise fund5 and is reco8nised when entiilemeni has occurred. Oiher income includes the reimbursement of iravel expenses, Empenditure recognition All expenditure is accounred lor on an acccruals basis and has been classified under headings that a88re8ale all costs related to the category. Expenditure 15 recognised where there 15 a le8al oc constructive obligation to make payment$ 10 third Parties, it is probable that the settlement will be required and the amount of the obligarion can be me3sured reliably. 11 is categorised under the followin8 headings.. Chari¢able Aciivifie5 Support Cos15', and Governance Costs Irrecoverable VAT 15 char8ed as an expense a8ainst the activity for which expenditure arose. li
GLOIR Notes to the Finan¢ial Statements Year Ended 31 December 2023 I Summary of si8nificant 5Jccountin8 policies IConi..I Support costs alllxation Support tosts are thtsse that assist the work of rhe charity but do not directly represent charitable activitl8s and include office costs, depreciation and. administrative payroll costs. They are incurred directly in 5UPPOrt of expenditure on the objecis ol the chafity. Where support costs cannot, be direcrly attribuied to particulai headings they hève been allocaied to eharitable activity costs and expenditurè on governance costs on 3 ba5s conslstent with use of the iesources. Premises overhèads and other overheads have been allocated as expenditure on support costs. Tan8ible limed 8ssets rangible lixed assets are stated ar cost less accumulated depreciation and accumulared impairmeni losses. Cosi includes costs directly attributable to making the a55ei capable ol operatin8 as intended. Depreclation is provided oft all tangible fixed a$5ets, at rate5 calculated to wiite off the cost. less estimated re51dual valve, of each asset on a systematic ba515 over its expected uselvl life as follows.. Asset Class Fixture5. Firtings and Equipment Motor Vehicles Oepreci8tion fflelhod •nd fate 25% Reducing 8alance 2S% Reducin8 Balance Debtor5 receivable within one year Debtors with no slated iniere51 race ancl payable within one year are recofded Jr transiciion price. Any losses arising fiom Impaiiment are fe£o8nised in expendirure. Creditors payable within one year Creditors wlth no slated tnrere5t rate and payable wlthin one year are recorded at iransaction price. Any losses arising from Impairment are recognised in expendilure. Imp•irm•nt Asseis not measured at lair value are ¥eviewed lor any indication that the a55er may be irnpaired at each balance sheet date. 11 such ind4cafion exi5tS. the recoverable amount of the asset, or the asset's cash generatin8 unii. is estimated and compared to the cafrying amounr. Where tlie cafrying amount exceeds its recovefatrjle arnouni, an impaifmen¢1055 is ieco6niSed in profil or loss unless the asset is carried ai a revalued amount where where rhe Impaiiment Ios5 is è revaluation deccedse. Forei8n Currencv Foreign currency transacrlons are inltlally recognised by applyin8 to the forei8n currenty amount the spot exchange rate beiween the functional currency and the foreign currency at the date of the transaction. Monerary assets and liabilities denominated in a lore8n cuffency at rhe balance sheer date are translated Using the closing rate. 12
GLOIR Note5 to the Financial 51aternentS Year Ended 31 December 2023 I Summary of siinifi¢ant a¢countin8 poli¢ie$ Icont..) Pensions The thaflty operate5 a defined contribution plan for the benefit of its key personnel. Contribvtion5 Jre ejtpensed as they become payable. Tam The charity is an exempt charily within the meanin8 01 schedule 3 01 the Charities Act 2011 and is cortsidered to pass the test5 set out in Para8raph I Schedule 6 Flnance Act 2010 and therefore it meet5 the Llefinitlon of a charitable company lor UK corporation lax purposes. Goin8 concern The financial statements have been prepared on a gobn8 concern bas15 as the trusrees believe tha¢ no materlal uncertainties exist. The trusiees have considered the level of funds held and the expected level of income and expenditure lor 12 months Irom authorisin8 these financial statements. The budgeted income and e¥pendi¢ufe is suflicient with the level of (eserve5 for the charity to be able to continue as a 80in8 concern. 2 Incorn• ffom ch•ritablt activlil•s 2023 2022 Sale ol Serv•ces 53,887 69,260 Income Irom charitable activities was £53,887 12022 £69.2601 and was wholly attributable to unrestrided lunds. 3 Other Income 2023 2012 Relmbursment of Travel Expenses 4,549 6,159 Income from other income was £4,549 12022 - £6,1591 and was wholly attribviable to unrestricted fund5. 13
GLOIR Notes to the Financial Statement5 Year Ended 31 December 2023 Analysis of expendlture on charitable activities Activities undertaken directl¥ 2023 2022 Workshop Empense Moloi Expenses Educaiion and Training 14,171 2,287 19,582 1,187 16,458 20,769 £16,458 12022 £20,769) of the above costs were wholly attributable to unrestricted funds Allocation of support cosis Activities undertaken directly 2023 2022 Rent and Rates Repair5 and Renewals Telephone Li8ht and Heat Stationery and Computer Cosr5 Sundry Bank Charges Depreciation on Motor Vehicle Depreciation on Office Equipment Pension Contributions Exchange iale dillerences Profit on Disposal of Fimed A55et5 3,840 133 840 462 1,948 35 278 1,957 381 27.965 1,792 3,840 84 313 1.591 1,221 35 286 1.337 314 27,129 19711 12121 34.967 39,631 Governance Costs 2023 2022 Independent Exominer5 Remuneration Professional Fees 840 840 4,344 5. 184 1,579 2,419 14
GLOIR Notes to the Financial Statements Year Ended 31 December 2023 Ne¢ Income for the year 2023 2022 Net Income is stated after chargingllcreditingl Depreciation of tan8ible fixed assets Net loss/lProfiil on foreign exchange IProfi(l on Disposal of Fixed Assets 2,338 1,792 1,651 19711 12121 468 4,130 Independent examiners remuneration The independent examiners remuneraiion amounts to an independent examination fee of £840 12022 £840). Trustee5' and key management personnel remuneralion and expenses The trustees neither received nof woived any remuneration durln8 the year 12022 - Nill. The total amount of benefits received by key management personnel is £27,965 12022 . £27,1291 12022 . 21 key management personnel are accruing pension arrangement5. 15
GLOIR Notes to the Financial Statements Year Ended 31 December 2023 io Tangible Fixed Assets Fixtures. Fittin8s & Equipment Motor Vehicles Total C05t Ai I january 2023 8,862 9.165 18,027 Additions 579 579 Disposal At 31 Oecember 2023 9,441 9.165 18.606 Depfeciation At I lanuafy 2023 7,918 1,337 9,255 Char8e for the Year 381 1,957 2,338 On Oi5posal Al 31 December 2023 8,299 3,294 11,593 Net Book Value At 31 Decembe¢ 2023 1, 142 5,871 7,013 At 31 Oecember 2022 944 7,828 8,772 Debtors 2023 2022 Other Debtors 1,549 12 Creditors: amounts fallin8 due within one year 2023 2022 Other Creditors Accrua15 831 490 1.321 612 490 1,102 16
GLOIR Notes to the Financial Statements Year Ended 31 December 2023 13 Funds reconciliation Urtresrricted funds Balance at 01.Jan-23 Balance 31.D*¢-23 Income Éxpendituie Unrestricted Funds 61.365 58,436 58,508 61,293 Restricted Funds Fund DescrSptions Uniestric¢ed funds are reserves rhat will be used loi the on80inB Charitable Company's activities. 14 Analysis of net a$5ets between lunds UnTe5trirt•d Funds R•stiitt•d Funds Total Fixed assers Other curreni assets/ltabililies 7,013 54.280 61,293 7,013 54,280 61.293 15 Re¢on¢iliation of net incomellexpenditurel io net ca$h flow from operatin8 •cti¥ities 2023 2022 Net Incomellexpenditurel lor the year Interesr receivable Depreciation ot tangible fixed assets (Profit) on disposal ol tan8ible fixed assets Pyrcha5e of lixed asset5 Pioceeds from sale ol fixed a55ets Ilncreasel/decrease in debtors Increase/lOecfea5el in creditors 1721 14,499 2,338 1,651 12121 110.1421 1,000 11.5491 497 5,744 15791 1,549 220 3,456 17
GLOIR Notes to the Financial Statements Year Ended 31 December 2023 16 Pensions and other post-retirement benefit5 Defined contribution pension plans The charity operates a defined contribution pension plan for its key management personel. The amount reco8nised as an expense in the period was E27.965 (2022 £27,129). This cost has been allocated to support costs, 17 Related party transactions There are no related party transactions during the period12022.. £Nill 18
GLOIR Detailed Income and Expenditure Account for the year ended 31 Oecember 2023 2023 2022 Income Income frorn chariiable activities Qihef Income 53,887 4.549 58,436 69,260 6,159 75,419 Charitable Activities Workshop Expense Motor Expenses Education and Training 14,171 2,287 19,582 1,187 16.458 20,769 Support Costs Renr and Rate5 Repairs and Renewals Telephone Stationery and Computer Costs Sundry Light and Heat 8ank char8es Depreciation on Motor Vehicle Depreciation on Office Equipment Pension Coniributions IProfitl on Oisposal ol Fixed A55e15 Exchange Rète Differences 3.840 133 840 1,948 35 462 278 1,957 381 27,965 3.840 84 313 1,221 35 1,591 286 1,337 314 27,129 12121 19711 1,792 39.631 34,967 Governance Costs Independent Examiner5 Remuneration Professional Fees 840 1,579 840 4,344 2.419 5,184 Total Expenditure 58.508 60,920 Net {DeficitllSurplus 1721 14,499 19