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) I￿ntinued)
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
be￿een 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 othe￿iSe 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-