COMPANY NO: N1059695
NORTHERN IRELAND CHARITY INICI NO: NIC 101529
CHARITY REG NO.. XR98926
GLOIR
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024

GLOIR
CONTENTS
PAGE
Charity Reference and Administrative Details
Trustees, Annual Report Ilncluding Directors, Report and Strategic Report)
Independent Examiner's Report
Statement of Financial Activites
Balance Sheet
Notes to the Financial Statements
10-18
Detailed Income and Expenditure Account
19

GLOIR
Charity Reference and Administrative Details
Year Ended 31 December 2024
Company Registration Number
N1059695
Charity Registration Number
XR98926
Northern Ireland Charity INICI Number
101529
Trustees
Sr. Catherine Teresa Martin
Sr. Gay Barrv
Sr. Pauline Cowie (Resigned on 31 May 20241
Sr. Olive Mcconville
Sr. Patricia Daly
Sr. Regina McGeown
Sr. Anne Mccarthy IResigned on 31 May 20241
Sr. Agnes Hannon
Sr. Margaret O'Reilly
Registered OfPice
27 Catherine Street
Newry
Co. Down
BT35 6JG
Independent Examiner
Jonathan Faulkner
FCCA
Kennedy & Co
Chartered Certified Accountant5 & Registered
Auditors
21 Kilmorey Street
Newry
Co. Down
BT34 2 DF
Bankers
AIB
42-44 Hill Street
Newry
Co. Down
BT34 IAU

GLOIR
Trustees. Annual Report Ilncluding Directors Report and Strategic Report)
Year Ended 31 December 2024
The Trustees present their report and the independently examined financial statements of the charity for the year ended
31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI
"Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
Trustees of the Charity
The directors of the charitable company are its trlrstees for the purposes of charity law. The trustees who have
served during the year and since the year end were as follows-
Sr. Catherine Teresa Martin
Sr. Gay Barry IChairper50nl
Sr. Pauline Cowie (Resigned on 31 May 20241
Sr. Olive Mcconville
Sr. Patricia Daly (Treasurer)
Sr. Regina McGeown
Sr. Anne M¢Carthy (Resigned on 31 May 20241
Sr. Agnes Hannon
Sr. Margaret O'Reilly
Objective5 and activities
GLOIR mainly aim5 to advance education and provide leadership and training to those Committed to developing a future
marked by greater Social justice and Specifically to address the emerging needs of a multi~cultvral society. We have
done this by facilitating numerous leadership training workshops in adult education.
Our purpose 15 to provide leadership and training for men and women omitted to developing a future marked by greater
social justice and specifically to address the emergtng needs of a multi-cultural society.
We work with people who believe in participating in the shaping of a future marked by greater Social justice.
We work wtth those who hold Leadership/Managerial roles to enhance thetr ability in working creatively and effectively
with their teams. We particularly support women who strive to find new models and styles of leadership/management.
Public benefit Statement
We have achieved our public benefit particularly by working with communities in areas of social and economic
disadvantage. Thoughout the year we have worked in Republic of Ireland, United Kingdom, Italy, Germany and France
and have therefore been sucessful in achieving our goals.
We have reviewed The Charity Commission of Northern Ireland guidance on public benefit and can confirm that we
believe that we have sat15fieiS the public benefit requirement.
Strategic Report
Achievement5 and performance
The charity succeeded in offering Adult Education and provided leadership and training to those committed to developing
a future marked by greater social justice and specifically to address the emerging needs of a multi-cultural society.
We have done this by facilitating numberous leadership training workshops in adult education.
We have achieved our public benefit particularly by working with communities in areas of social and economic
disadvantage. Thoughout the year we have worked in Republic of Ireland, the United Kingdom. Italy, Germany
and France and have therefore been successful in achieving our goals.

GLOIR
Trustees, Annual Report (Including Directors Report and Strategic Report)
Year Ended 31 December 2024
Financial review
Reserve5 Policy
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 2025 financial year. The current level of
reserves available to the charity is £47,956 and these are all unrestricted. The current level of reserves
available to the charity will be able to absorb any deficit that may arise throughout 2025.
Plans for future periods
The directors met remotely in June 2025 and it was agreed that GLOIR would continue, at the current
pace, as long as Sr. Mary Harrington and Sr Gabrielle Stuart are able and happy to continue with the
support of 5r Mary Conway.
The convenience of working via zoom is still attractive to some congregations to save on travel costs, SO this
option will remain, although some congregations still do prefer the face to face facilitation
Due to less income, it has been agreed to cease paying pension contributions in 2025. This will reduce
the expenses incurred in 2025 accordingly.
Structure. governance and management
The board of directors can only appoint new trustees. A motion must be put forward by one director and a
show of hands determines if the majority agrees.
The charity is a charitable company limited by guarantee and wa5 incorporated on 12 June 2006. It is governed
by a memorandum of association. The charitable company'5 registration number is N1059695 and its
registered office is 27 Catherine Street, Newry, Co Down, BT35 6JG.
On 3 November 2015 the charitable company registered with The Charity Commission for Northern Ireland
and its NIC Number is 101529.

GLOIR
Trustees, Annual Report Ilncluding Directors Report and Strategic Report)
Year Ended 31 December 2024
Tru5tees' Responsibilites Statement
The trustee5 (who are also directors of GLOIR for the purposes ol company lawl are reponsible lor prepariiig ihe
Trustees, Annual Report (including the Strategic Reportl and the financial sratements in accordance with applicable
law and Unired Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice).
Company law require5 Ihe trustees to prepare financial statements for each financial year. which 8ive a
true and fair view of the state of affairs of the charitable company and of rhe Incoming resources and application
of resources, inclucting the income and expenditure, of the charitable company for that period.
In preparing these financial st8tementS, the trustees ère required to..
select Sultable accounting policies anLI then apply rhem coiisistently.,
observe the methods and principle5 in rhe Chariiies SORP..
make judgements and estimates that are reasonable an(S prudent,.
State whether applicable UK Accounting Standards have been followed. subject to any maierial departures
disclosed and explained in the financial statements,.
prepare the financial statements on the going concein basis unless It is inappropriate to presume that the
charitable company will continue in operation.
The trustees are respoi)sible for keeping proper accouniing records that disclose with reasonable accuracy at any time
the financial p051tion of the charitable company and enable them to ensure that the finaiicial statements comply with
the Charitie5 Act (Northern Ireland) 2008, the Cliarities IAnniJal Returnl Regularions (Northern IFelandl 2015 and
Companies Act 2006. They are also responsible lor safeguarding tlie as5et5 01 Ihe charitable company and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report of the trustees ha5 been prepared taking advantage of the small companie5, exemption of Section 415A of the
Companies Act 20Q6.
Dis£105ure of information to the Independent Examiner
We, the direttor5 of rhe company who held office at the date of approval of these Financial Statemeiits as set out above each
confirm. 50 far as we are aware, that..
there is no relevant information of which the company's Independent Examiner is unaware.. and
we have taken all of the Steps that we ousht to have laken as directors in order to make ourselve5 aware ol any
relevant information and to establish that rhe company'5 Independenr Examiner 15 aware of that information.
In opproving the Trustees, Annual Report. we also approve the Strate6ic Report included therein. in our capacity as companv
direcrors.
Approved by the board on
and sign on its behalf by=
Sr. Regina
cGeown

GLOIR
Independent Examiner's Report to the Trustees of GLOIR
I report to the charity trustees on my examination of the accounts.of the company for the year ended 31 De¢ember 2024
which are set out on pages 8 to 19.
Re5pectlve responslbllitFes of Charlty trustees artd examiner
As the Chaiity trustees land also the direttors of the company for the purpose5 of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2￿6. Having satisfied myself
that the charity is not subject to audit under company law, and is eligible for independent exèminatioll, it is my
responsibility to..
examine the accounts under section 65 of the Charities Act,
follow the procedures lald down in the general DSrections given by the Charity Commi55ion for Northern
Ireland under section 6519llbl of the Charities Act-, and
state whether particular matters have come to my attention.
Basis of Independent examiner's Report
I have examined your charity accounts as ￿quired under section 65 of the Charities Act and my examination was carried out
in accordallce with the general Drrections Biven by the Charity Commission for Northern Ireland under section 6519llbl of the
Charities Art. The examination included a reiew of the accountiog records kept by the charrty and a comparison of the
actounts presented with those records. It 3150 includes consideration of any unusual items or disclosu￿$ in the accounts,
and seeking explanations from you a5 charity trustees concerning any such matters.
My role 15 to state whether any material matters have corne to my attention giving me cause to believe..
l. That accounting records were not kept in accordance with section 386 of the Company Act 2006.
2. That the ac¢ounts.do not accord with those accounting ocord5.
3. That the accounts do not comply with the a£counting requirements of section 396 of the Companies Act 2006 and with
the methods and principle5 of the Chaiities Statement of Recommended Pract¢ce applicable to charities preparing their
actounts in accordance with the Finantial Reporting Standard applicable in the UK and Republic of Ireland.
4. That there is further information needed for a proper understsding of the accounts to be reached.
Independent examlner's ststement
I have completed my examination and have no concerns in respect of the matters111 to141 listed above and. in tonnection
with follow¢ng the Directions of the Charity Commission for Northern Ireland, I have fouftd no matters that require dTawiTrg
to your attention.
Jonathan Faulkner
FCCA
Kennedy & Co
Chartered Certlfied Accountants and Re8lstered Audltors
21 Kilmorey Street
Newry
Co Down
8T34 2DF
Date:
2czS

GLOIR
Statement of Financial Activities
Year Ended 31 December 2024
Unrestrrcted
Funds
Restrlcted
Funds
NOTES
Total
2024
Total
2023
Income from..
Charitable Activities
Investment Income
Other
Total Income
37,617
37,617
53,887
4,827
42.446
4,827
42.446
4,549
58,436
Expenditure on..
Chaiitable Activities
Support Costs
Governance Cts5ts
Total Expendtrture
15.600
36,827
3.356
55,783
15.600
36,827
3.356
55,783
16.458
39,631
2,419
58,508
Net Income/{Expenditurel
113,3371
113,3371
1721
Net movement In funds
14
113,3371
113,3371
1721
Reconciliatlon of funds-.
Total funds brought forward
14
61,293
61.293
61.365
Total funds ¢arried Forward
14
47,956
47,956
61,293
All intorne and expenditure derive from continuing activFties.
The statement of fjnaneial activities includes all garns and losses recognised during the year.

GLOIR
8alan¢e Sheet
Year Ended 31 December 2024
NOTES
2024
2023
Fimed Assèts
Tangible Assets
li
S,259
7.013
Current Assets
Other Debtors
Cash at Bank
12
10.569
33.812
44,381
55,601
55.601
Cfedi¢ors.' Amounts Falline Due Within One Year
13
1,684
1,321
Net Current Assets
42.697
54.280
Net Assets
47.956
61,293
Charity Fund5
Unrestrirted Fund5
Total Charity Funds
13
47,956
47,956
61.293
61,293
FDr the year ending 31 December 2024 the company was entitled to exemption under Section 477 of the Coinpany Act 2006
relating to small companies.
The director5 have not required the company to obtain an audit in accurdante with Section 476 of the Cofflpanie5 Act 2006.
The directors acknowledge their responsibilities for complyin8 with the requirement5 of the Act with re5PÉCt to accounting
records and the preparation of financial statements.
These financial statements have been prepared In accordance with the provision5 applicable to companies subject to the
small ¢ompanies' re8ime.
These annual accounts and report5 have been delivered in accordance with the provisivns èpplicable to companie5 subject
the small companies. reeime.
The linaneial statements were approved and èuthorised for issue by the Board oli
oq
Signed on behalf of the board of Trustees.
Trtsstee:
Sr. Regina
cGeown

GLOIR
Notes to the Financial Statements
Year Ended 31 December 2024
I Summary of signlflcant accountlng policies
General Information and basis of preparatlon
GLQIR is a Charitable Company based in Northern Ireland. In the event of the charity being wound up, the liability in
respect of the guarantee is limited to £1 per member of the char>ty. The address of the registered Offi￿ is given
in the charity information on page 3 of these financial statements. The nature ol the charity's operations and
principal activities are to facilitate of leadership training through adult education.
The tharity consiitutes a public benefit entity as defined by FRS 102. The financial statement5 have been prepared
in accordance with Atcounting and Reporting by Charities= Statemellt of Recomrnended Practice applicable to
char4tie5 preparrng their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland IFRS 1021, the Charities Act (Northern Ireland) 2008, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified
to include certain items at fair value. The financial ststements awe presented in sterling which is the functional
currency of the charity.
The significant accounting policies applted in the preparatron of these financial statements are set out below. These
policies have been cons1Stently applied to all years presented unles5 Otherwise stated.
Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the
charity and which have not been designated for other purposes.
Oesignated fund5 comprise unrestricted funds that have been set aside by the trustees for particular purposes.
The alm and use of each designated fund is set out in the notes to the financial staternents.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors orwhich
have been raised by the charity for particular purposes. The c05t of raising and administering such fvnds are charged
against the Specific fund. The aim and ￿se of each restricted fund is set out in the notes to the financial statements.
io

GLOIR
Notes to the Financial Statements
Year Ended 31 December 2024
1 Summary of slgnificant accounting policies {Cont..)
Income recognition
All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is legally entitled
to the income after any performance conditions have been met, the amount can be measured reliably and it is probable
that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing.
If there are conditions attached to the donation and thi5 requiries a level of performance before entitlement can be
obtained then income is deferred until those conditions are fully rnet or the fulfilment of those conditions is Wlthin
the control of the charity and it is probable that they will be fulfilled.
Donated facilitie5 and donated professional se￿iceS are recognised in income at their fair value when their economic
benefit is probable, it can be meastsred reliably and the charity ha5 control over the item. Fair Value is determined
on the basi5 of the value of the gift to the charity. For example, the amount the charity would be willing to pay in
the open market for such facilities and services. A corresponding amount is recognised in expenditure.
No amount 15 included in the financial statements for volunteer time in line with the SORP.
Income from trading activities includes income earned from fundraising events and trading activities to raise
fund5 for the charity. Income is received in exchange for supplying goods and service5 in order to raise funds and is
recognised when entitlement has occurred.
Other income includes the reimbursement of travel expenses.
Investment income conslsts of interest received and 15 recognised using the effective interest method.
Expenditure recognition
All expenditure 15 accounted for on an acccruals basis and has been classified under headings that aggregate all costs
related to the category. Expenditure 15 recognised where there 15 a legal or constructive obligation to make p3yments to
third parties, it is probable that the settlement will be required and the amount of the obligation can be measured
reliably. It is categorised under the following headings-
Charitable Activitie5
Support Costs,. and
Governance Costs
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
li

GLOIR
Notes to the Financial Statements
Year Ended 31 December 2024
I Summary of slEnificant accounting policies ICont..I
Support costs allocation
Support costs are those that aSSlSt the work of the charity but do not directly represent charitable activities and include
office costs, depreciation and, administratlve payroll costs. They are incurred directly in support of expenditure on the
objects of the charity. Where support COSts cannot be directly attributed to particular headings they have been allocated
to charitable activity costs and expendlture on governance costs on a basis consistent with use of the resources.
Premises overheads and other overheads have been allocated as expenditure on support costs.
Tangible fixÈd asset5
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes
Costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual
value, of each asset on a systematic basis over its expected useful life as follows-
Asset Class
Fixtures, Fittings and Equipment
Motor Vehicles
Depreaation method and rate
25% Reducing Balance
25Yo RediJ¢ing Balance
Debtors re￿1vable within one year
Oebtors with r>0 stated interest rate and payable within one year are recorded at transaction price. Any losse5
arising from impairment are recognised in expenditure.
Credltors payable within one year
Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses
arising from impairment are recogntsed in expenditure.
lrnpairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each
balance sheet date. If such indication exlsts, the recoverable amount of the asset, or the asset's cash generating
unit, is estimated and compared to the carrying amount. Where the carrying amotjnt exceeds its recoverable
amount, an impaifment10s5 is recognised in profit or loss unless the a55et is carried at a revalued amount where
where the impairment Ioss is a revaluation decrease.
Forelgn Currency
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot
exchange rate between the functlonal CLFrrency and the foreign currency ot the date of the transaction.
Monetary asset5 and liabilities denominated in a foreign currency at the balance sheet date are translated
Using the closing rate.
12

GLOIR
Notes to the Financial Statement5
Year Ended 31 December 2024
I Summary of significant accounting policies (Cont..)
Pensions
The charity operates a defined contribution plan for the benefit of its key personnel. Contributions
are expensed as they become payable.
Tax
The charlty is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered
to pass the tests set out in Paragraph I Schedule 6 Finance Art 2010 and therefore it meets the definition of
a charitable company for UK corporation tax purposes.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material
ncertaintie5 exist. The trLtstees have considered the level of funds held and the expected level of income
and expenditure for 12 months from authorising these financial statements. The budgeted income and
expenditure is sufficient with the level of reserve5 for the charity to be able to coritinue as a goin8 concern.
2 Income from charitable artivities
2024
2023
Sale of Services
37,617
53,887
Income from charitable activities was £37,617
12023- £53,887) and was wholly attributaikle to unrestritted funds.
3 Bank Interest Received
2024
2023
Bank Interest Received
Income from bank interest W35 £2
12023 - £0) and wa5 wholly attributable to unrestricted funds.
4 Other Income
2024
2023
Reimbursment of Travel Expenses
4,827
4,549
Income from other Income was £4,827
12023 - £4,5491 and was wholly attributable to unrestrirted funds.
13

GLOIR
Notes to the Financial Statements
Year Ended 31 December 2024
Analysis of expenditure on charitable activities
Activities
undertaken
directly
2024
2023
Workshop Expenses
Motor Expenses
14,498
1,102
15,600
14.171
2,287
16.458
£15,600 {2023- £16,458) of the above costs were wholly attributable to unrestritted funds
Allocation of support costs
Activities
undertaken
directly
2024
2023
Rent and Rates
Repairs and Renewals
Telephone
Light and Heat
Stationery and Computer Costs
Sundry
Bank Charges
Depreciation on Motor Vehicle
Depreciation on Fixtures, Fittings and Equipment
Pension Contributions
Exchange rate differences
3,840
116
593
3,840
133
840
462
479
1,246
35
310
1,468
286
28,171
283
36.827
1,948
35
278
1,957
381
27,965
1,792
39,631
Governance Costs
2024
2023
Independent Examiners Remuneration
Professional Fees
1,000
2,356
3,356
840
1,579
2,419
14

GLOIR
Notes to the Financial Statements
Year Ended 31 December 2024
Net Income for the year
2024
2023
Net Income is stated after charging/(Crediting)
Depreciation of tangible fixed assets
Net loss/lProfitl on foreign exchange
1,754
283
2,037
2,338
1,792
4,130
Independent examiners remuneration
The independent examiners remuneration afflounts to an independent examination fee of £1,000 12023- £840).
io
Trustees. and key management personnel remuneration and expenses
The trustees neither received nor waived any remuneration during the year {2023 - Nil).
The total amount of benefits received by key management personnel is £28,171 12023 - £27.9651
2 {2023 - 21 key management personnel are accruing pension arrangements.
15

GLOIR
Notes to the Financial Statements
Year Ended 31 December 2024
li
Tangible Fixed Assets
Fixtures,
Fittlngs &
Equipment
Motor
Vehicles
Total
Cost
At l January 2024
9,441
9,165
18,606
Additions
Disposal
At 31 December 2024
9,441
9,165
18,606
Depreciatlon
At l January 2024
8,299
3.294
11,593
Charge for the Year
286
1,468
1,754
On Disposal
At 31 December 2024
8,585
4.762
13,347
Net Book Value
At 31 December 2024
856
4,403
5,259
At 31 December 2023
1,142
5,871
7,013
12
Debtors
2024
2023
Other Debtors
10,569
13
Credltors: amounts falllng due within one year
2024
2023
Other Creditors
Accruals
1,034
6SO
1,684
831
490
1,321
16

GLOIR
Notes to the Financial Statements
Year Ended 31 December 2024
14
Funds reconciliation
Unrestricted fijnds
Balance at
01-Jan-24
Balance
31-Dec-24
Income
Expendlture
Unrestritted Funds
61,293
42,446
55,783
47,956
Restricted Funds
Fund Descriptions
Unrestricted funds are reserves that will be used fof the ongoing Charitable Company's activities.
15
Analysis of net assets between lunds
Unrestricted
Funds
Restricted
Funds
Total
Fixed as5et5
Other current assetslliabilities
5,259
42.697
47,956
5,259
42,697
47,956
16
Reconciliation of net income/lexpenditurel to net cash flow from operating attivities
2024
2023
Net Income/lexpenditurel for the year
Dep￿CiatIon o* tangible fixed assets
Purchase of fixed assets
lInc￿3$e)/decrea5e in debtors
Increa5e/lDecreasel in creditors
113.3371
1.754
1721
2,338
15791
1,549
220
3,456
110,5691
363
121,7891
17

GLOIR
Notes to the Financial Statements
Year Ended 31 December 2024
17 Pensions and other post-retirement benefits
Defined contribution pension plans
The charity operates a defined contribution pension plan for its key management personel.
The amount recognised as an expense in the period was £28,171
(2023 - £27,965).
This cost has been allocated to support costs.
18 Related party transactions
There are no related party transactions during the period (2023: £Nil}
18

GLOIR
Detailed Income and Expenditure Account for the Year Ended 31 December 2024
2024
2023
Income
Income from charitable activities
Investment Income
Other Income
37,617
53,887
4,827
42,446
4,549
58,436
Charitable Activities
Workshop Expenses
Motor Expenses
14.498
1,102
14.171
2,287
15,600
16,458
Support Costs
Rent and Rates
Repairs and Renewals
Telephone
Stationery and Computer Costs
Sundry
Light and Heat
Bank charges
Depreciation on Motor Vehicle
Depreciation on Fixtures, Fitttings and Equipment
Pension Contributions
Exchange Rate Differences
3,840
116
593
1.246
35
479
310
1,468
286
28,171
283
3,840
133
840
1,948
35
462
278
1,957
381
27,965
1.792
36,827
39,631
Governance Cost5
Independent Examiners Remuneration
Professional Fees
1,000
2.356
840
1,579
3,356
2,419
Total Expenditure
55,783
58,508
Net (Deficit)
{13,3371
1721
19