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
#166

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 McConv*lle
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¢tSv*lv
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
F￿0￿$
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 lO￿ard
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 ba5*s 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 lore*8n 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