COMPANY REGISTRATION NUMBER: N1627419 CHARITY REGISTRATION NUMBER: 101550 Glor Leim An Mhadaidh Community Development Group Limited Company Limited by Guarantee Unaudited Financial Statements 31 October 2022 Crossan & Co Chartered accountants 8 Columba Terrace Derry BT47 6JT
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Financial Statements Year ended 31 October 2022 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the directors Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10 The following pages do not form part of the financial statements Detailed statement of financial activities 18 Notes to the detailed statement of financial activities 19
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 October 2022 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial ststements of the charity for the year ended 31 October 2022. R6ference and administrative details Registered charlty name Glor Leim An Mhadaidh Community Development Group Ltd Charlty registration number 101550 Company registration number N1627419 Principal offlce and reglstored 38 Irish Green Street offlce Llmavady Co Derry BT49 9AE The trustees Dlrectors Glenda McNicholl Peter Nicholl Liam Mac Goilla Mhean Noreen Guy Ann Hasson Grace Nicholl Mr J Mccann Mr M Mccann Mr B Mc Nicholl Accountants Crossan & Co Chartered accountants 8 Columba Terrace Derry BT47 6JT Bankers Danske Bank Business Banking P.0 Box 183 Donegall Square West Belfast, B16JS
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {contlnued) Year ended 31 October 2022 Structure, governance and management Glor Léim an Mhadaidh Community Development Group Ltd is an incorporated charitsble company limited by guarantee and registered with the Charity Commission Nl under number 101550. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The directors of the company are also the trustees for the purpose of charity law. The charity has three directors, who constitute the full formal membership of the Company, and are the primary volunteers in its activities. Objectives and activities The primary objective of the company is to advance the arts, culture and heritage for the benefit of the public in the Limavady district and its envifons. The company engages in various acts'vities in order to achieve this, namely.. "Promotlng, organislng and publlclslng cultural, language and arts activrties, events, performances and initiatives. Encouraging interest in and raising awareness of cultural, language and heritage matters and issues Encouraging and facilitating public participation in the arts Public benofit The company strives to advance sustainable development for the public benefit through the promotion of sustainable means of achieving economic growth, regeneration and well-being. In particular, the company promotes cultural tourism, cultural exchange and opportunities for vocational and recreats'onal interests and activities for all ages and abilities. Appolntment of trustses Trustees are appointed by the members of Glor Leim An Mhadaidh Community Development Group Ltd at its Annual General Meeting. The process of appointing trustees is outlined in the governing documents.
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Intinued) Year ended 31 October 2022 Achlevements and perfomianca Following the COVID pandemic and the updating of government guidance relaxing and then dropping restrictions during the accounting year, the company was able to recommence the planning of its core activities. Irish Conversational classes were held weekly, facilitating cultural awareness and the promotion of langua e and have seen a marked increase in attendance. The company facilitated a Youth Club (Club ige} thus promoting social well-being and arts within the community. The company has supported community summer schemes thus facilitating cultural awareness and the promotion of language for youth in the community. The company continues to support the Limavady branch of Comhaltas and act as an umbrella organisation granting use of premises and facilitsting community classes for the promotion of traditional music and singing. The company has previously supported the local branch of Comhaltss to host the County Derry Fleadh, and will support future local and county events, thus promoting and developing the rich cultural, arts and community spirit in the wider Limavady catchment and council area. During the accounting year, key users recommenced their businesses and activities for the community. In addition, the company was able to undertake a number of minor events and classes for community benefit. The company continues to improve on the capital refurt)ishment of the premises, greatly supported through funding. The company has supported local businesses, cultural clubs, youth activities and charity events as well as continuing in the promotion and sustainability of these new premises for utilisation by the whole community and acted as a hub for several small business users. The growth of Glor, as a community driven company, continues with a substantial programme of events organised including the provision of GCSE classes. The company now has a part-time employee. Rlsk Management The Trustees have a risk management strategy which conslsts of establishing a system of identifying risks and mitigating such risks. The Trustees are aware of the major risks to which the charity is exposed. Where appropriate, systems of procedures have been established to mitigate the risks the charity faces. Intemal control risks are minimised through the procedures for authorisation of all transactions and projects. The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure.
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 October 2022 Financial review Total incoming resources for the year were £78,498 of which 24 % came from other resources,, less than 10k from investment income and 75 % from funders. Total expenses for the charity were £78,301. Approximately 97 % of this was expended on direct charitable activities and 3 % on govemance costs. Capital expenditure in the year totalled £25,966. The balance on total funds at the year*nd was £207,836 of which £74,139 were unrestricted in nature and £133,697 were restricted. Reserves Policy In the Trustees, view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future. Although the company's membership is comprised totally of a volunteer work force, the Trustees propose to maintain a level of reserves to continue to promote and facilitate its current events, objectives and activities and to maintain facility overheads such as insurances. As the company develops and grows, it is proposed to increase the level of reserves proportionally with a growing number of events. The Trustees propose to maintain the charity's reserves and build on this at a level which is at least equivalent to six months operational expenditure and have done so having regards to its manner of operation of likely funding streams and other income. Based on 2021122 expenditure of £78,301 that amount would be £39,150.50. Free reserves as at 31st October 2022 are £74,139. The Trustees continue to strive to build a general level of reserves in accordance with thalr policy so that they will be able to continue the current activities of the charity. Plans for future perfods For the future, the company will continue to develop and promote its premises as a cultural and community hub, hosting music, dance and arts events as well as building on its current community support reaching out to the local demographic and socio-economic sectors within our catchment area.
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 October 2022 Trustees, responsibilities statement The trustees, who are also directors for the purpose of company law, are responsible for preparing the trustees, report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.) Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period, In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently observe the methods and principles in the applicable Charities SORP make judgements and accounting estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will Continue in business. The trustees are responsible for keeping adequate records that comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the of the state of affairs of the charity as at the end of the financial year and of its incoming resources application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and otherwise comply with the requirements of the Companies Act 2006 relating to financial ststements, so far as applicable to the charity. The trustees, annual report and the strategic report were approved on 26th July 2023 and signed on behalf of the board of trustees by.. Mr P Nicholl Director
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Independent Examiner's Report to the Directors of Glor Leim An Mhadaidh Community Development Group Ltd Year ended 31 October 2022 We report on the accounts of the company for the year ended 31 October 2022, which are set out on pages 8 to 16. Respectlve responslbilltles of charlty dlrectors and examiner; As the charity directors you are responsible for the preparation of the accounts in accordance with the requirements of Companies Act 2006. Having satisfied ourselves that the charity is not subjected to audit under company law and is eligible for independent examination, it is our responsibility to,. - examine the accounts under section 65 of the Charitles Act 2008. follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act 2008. state whether particular matters have come to our attention. Basls of independent examlner'8 report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under Section 65{9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included a consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity directors conceming any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe.. -that the accounting records were not kept in accordance with Section 386 of the Companies Act 2006., -that the accounts do not accord with those accounting records., -that the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. -that there is further information needed for proper understanding.
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Independent Examiner's Report to the Directors of Glor Leim An Mhadaidh Community Development Group Ltd (continued) Year ended 31 October 2022 Independent examinerfs statement In connection with my examination, no matter has come to my attention: 11) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006, and to prepare accounts which accord wtth the accounting records, comply with the accounting requirements of section 398 of the Companies Act 2008 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporknng by Chartties have not been met, or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accou s to be reached. accountants umba Terrace BT 76JT
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 October 2022 2022 Restricted funds Total funds Total funds 2021 Unrestricted funds Note Income and endowments Donations and legacies Investment income SIF Funding An Ciste Funding Foras Na Gaeilge Co Operation IRL Community Foundation Causeway Coast Other income 50 50 10 795 27,288 48,590 5,000 2,521 2,810 48,590 5,000 2,521 2,810 19,525 19,525 25,411 53,504 Total income 19,577 58,921 78,498 Expenditure Expenditure on charitable activities 13,955 64,346 78,301 66,350 Total expendlture 13,955 64,346 78,301 66,350 Deforred Income 23,752 23,752 21,556 Net expendlture and net movement in funds 5,622 18,327 23,949 8,710 Reconciliation of funds Total funds brought forward Total funds carried forward 68,517 74,139 115,370 133,697 183,887 207,836 175,177 183,887 The statemant of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The charity has no recognised gains and losses other than those included in the results above and therefore no separate statement of total recognised gains and losses have been presented. There is no difference between the net incoming resources for the year stated above and their historical cost equivalents. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. The notss on pages 10 to 16 fomi part of these financial statoments.
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Statement of Financial Position Year ended 31 October 2022 2022 2021 Flxed assets Tangible fixed assets 12 636,316 656,870 Current assets Debtors Cash at bank and in hand 13 31,867 31.867 12,802 12,802 Credltors: amounts falllng due wlthln one year Net current assets 14 (2,617) 29,250 665.566 (2,531) 10,271 667,141 Total assets less current liabilities Creditors: Amounts falling due after more than one year 1457,730) (483,254) Net assets 207,836 183,887 Funds of the charity Restricted funds including designated funds Unrestricted funds 133,697 74,139 207,836 115,370 68,517 183,887 Total charlty fund8 15 For the year ending 31 October 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its financial statements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime in accordance with SORP FRS102, These financial statements were approved by the board of trustees and authorised for issue on 29th July 2022, and are signed on behalf of the board by: Mr P Nicholl Director The notes on pages 10 to 16 forni part of those financlal statements.
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 October 2022 General informatlon The charity is a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 38 Irish Street, Limavady, Co Derry, BT49 9AE. Statement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102}> and the Charities Act (Northern Ireland) 2008 and the Companies Act 2006. Glor Leim An Mhadaidh Communty Development Group Ltd meets the definition of a public benefit entity under FRS 102. The financial statements are prepared on a going concern basis under the historical cost convention. The financial ststements are presented in sterling which is the functional currency of the charity. Accountlng pollcles Bas18 of preparatlon The financial statements have been prepared on the historical cost basls, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of sub-classes.. restricted income funds or endowment funds. 10-
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notes to the Financial Statsments (contlnued) Year ended 31 October 2022 Accounts"ng policies (contlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income" income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a Ilabllity is incurred. Expendlture includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 11
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 October 2022 Accounting policies (contlnuedj Tangible assets (contlnuedj An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuatlon of an asset, less its residual value, over the useful economic life of that asset as follows.. Land and buildings Plant and equipment 5 % Straight line 20¥0 Straight line Impalrnient of flxed assgts A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financlal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. 12-
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 October 2022 Accounting policies {contlnuedJ Flnancial instruments (contlnued) Where investments in shares are publicly traded or their fair value can otheiSe be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, wtth any changes recognised in the ststement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments gardleSS of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognlsed immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donatlon8 and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Donations Donations 50 50 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Bank interest receivable 10 10 Other income Unrestricted Restricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2022 2022 Funds 2021 2021 Other Income 19,525 19,525 25,411 25,411 13-
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 October 2022 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2022 Community Development 64,346 64,346 13,955 Support costs 13,955 13,955 64,346 78,301 Unrestricted Funds Restricted Total Funds Funds 2021 Community Development 45,580 45,580 20,770 66,350 Support costs 20,770 20,770 45,580 Expendlture on charitable activlties by activtty type Activities undertaken directly Support costs Total funds 2022 Total fund 2021 Community Development Govemance costs 64,346 11,520 2,435 13,955 75,866 2,435 78,301 64,162 2,188 66,350 64,346 Net expenditure Net expenditure is stated after chargingl(crediting): 2022 2021 Depreciation of tanglble fixed assats 46,520 42,607 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2022 2021 7,655 The average head count of employees during the year was 1. {2021: Nil). No employee received employee benefits of more than £60,000 during the year (2021.. Nil). 11. Trustee remuneratlon and expenses The charity trustees were not paid or received any other benefits from employment with the Charty in the year {2021-. Nil) No charity trustee received payment for professional or other services supplied to the charity. 14-
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 October 2022 12. Tangible fixed assets Land & Plant & Buildings Machinery Total Cost As at 1 Nov 2021 770,776 20,341 791,117 Addltlons 8,536 17,430 25,966 As at 31 October 2022 779,312 37,771 817.083 Depreclation At 1 November 2021 Charge for the year 123,747 38,966 10,500 7,544 134,247 46,520 At 31 October 2022 162,713 18,054 180,767 Carrying amount At 31 October 2022 616,599 19,717 636,316 At 1 November 2021 647,029 9,841 656,870 13. Debtors 2022 2021 other debtors 14. Credltors.. 2022 2021 amounts falllng due withln one year other creditors Accruals and deferred income 2,617 2,617 2,531 2,531 amounts falling due after more than one year UCIT Loan Deferred income 6,451 451.279 8,224 475,030 457,730 483,254 15-
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notes to the Financial Ststements (Contlnued) Year ended 31 October 2022 15. Analysis of charitable funds Unrestrlcted funds At 1 November 2021 At 31 October 2022 Income Expenditure Unrestricted Funds 68,517 19,577 {13,955) 74,139 15-
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notes to the Financial Statements {conllnued) Year ended 31 October 2022 15. Analysis of charitable funds (continued) Restricted funds Deferred At Income 31 October 2022 At 1 November 2021 Income Expenditure Restricted Funds 115,370 58,921 (64,346) 23,752 133,697 16. Analysis of net assèts between funds Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Net assets 636,316 (51,340) (451,279) (451,279) 133,697 207,836 636,316 22,799 74,139 Deferred Income Not assets 74,139 17. Contingonclos A contingent liability exists to repay grants received should certain condttions not be fulfilled by the charity. In the opinion of the Trustees, the terms of the Letters of Offer have been, or will be, complied with and no liability is expected. 18. Related parties There were no other related paty transactions incurred during the year (2021: nil). 19. Taxatlon The Charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts. 20. Deferred Incomel Designated funds The charity received £557,204 of designated funds prior to this financial year, specifically for the renovation of the hall. From this amount £23,752 has been released into the statement of profit or loss in 2022 in addition to the £82,173 released in previous years. The remaining balance of £451,279 remains on the balance sheet as deferred income. This will be allocated to the profrt or loss in line with the useful life of land and propety. -16-
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Management Information Year ended 31 October 2022 The followlng pages do not fomi part of the financial statements. -17-
Glor Leim An Mhadaidh Communlty Development Group Ltd Company Limited by Guarantee Detsiled Statement of Financial Activities Year ended 31 October 2022 2022 2021 Income and endowments Donations and legacies Donations 50 Investment Income Bank interest receivable 10 Other income Other Income SIF Funding An Ciste Funding Foras Na Gaeilge Co Operation Ireland Community Foundation Causeway Coast Total income 19,525 25,411 795 27,288 48.590 5,000 2,521 2,810 78,498 53,504 Deferred Income Total 23,752 102,250 21,556 75,060 Expendlture Expendlture on charitable activlti88 Insurance Legal and professional fees Depreciation Other interest payable and similar charges Other expenses 721 1,740 46,520 695 28.625 721 1,540 42,607 648 20,834 66,350 78,301 Total expenditure 78,301 66,350 Net movement In funds 23,949 8,710 18-
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities 31 October 2022 2022 2021 Expendlture on charitable actlvltles Activltles undertaken directly Depreciation Programme Costs Wages 46,520 10,171 7,655 42,607 2,973 64,346 45,580 Support costs Insurance Sundry Light & Heat Water rates Repairs & Maintenance Printing, postage & stationery Telephone 721 721 4,848 257 5,050 27 617 3,110 175 14,569 11,520 18,582 Govèrnance costs Governance costs - accountancy fees Bankl Loan Interest & Charges 1,740 695 15,40 648 2,435 2,188 Expenditure on charltable actlvltles 78,301 66,350 19-