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 2024 Crossan & Co Chartered accountants 8 Columba Terrace Derry BT47 6JT
Glor Lelm An Mhadaldh Communlty Development Group Ltd Company Limited by Guarantee Flnanclal Statements Year ended 31 October 2024 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the directors Statement of financial activities {Including income and expenditure account) Statement of financlal posltlon Notes to the financial statements 10 The following pages do not fomi part of the financlal statements Detailed statement of financial activities 18 Notes to Ihe 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 2024 The trustees. who are also th8 directors for the purposes of company law, present thelr report and the unaudlied financi81 ststements of the charity for th8 year ended 31 October 2024. Referance and admlnlstratlve detalls Raglstsred charlty nam• Glor LÉim An Mhadaidh Communlty Development Group Ltd Charlty reglgtratlon number 101550 Company roglstratlon number N1627419 Prlnclpal offlco and raglst8rad 38 Irlsh Green Street offl¢o Llmavady Co Derry BT49 9AE The trustses Dlroetors Glenda McNlcholl Péiér Nlcholl LSam Mac Goilla Mhean Noreen Guy Ann Hasson Grace Nlcholl MrJ Mccann Mr M Mccann Mr B Mc Nlcholl Accountants Grossan & Co Chartered accountants 8 Columba Terrace Derry BT47 6JT Bankorn Danske Bank Buslness Banklng P.0 Box 183 Donegall Square West Belfasl, B16JS
Glor Leim An Mhadaldh Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) {conUnu•d) Year ended 31 October 2024 Strucluroi governanco and managomont Glor Léim an Mhad8idh Community Development Group Ltd is an incorporatsd charitable company Ilmited by guarantee and registered wlth the Charity Commission Nl under number 101550. The company was èstablished under a Memorandum of Assodation which establlshed the objects and powers of the charltable company and Is governed under Ils Articles of Associallon. In the event of the company belng wound up member8 are required to contrlbute an amount not exceedlng £1. The dlrectors of the company are also Ihe trustees for the purpose ol charity law. The charity has slx directors, who con8titute the full formal member8hlp of the cornpany, and are the prlmary volunteers in its activllles. ObJ8ctlves and actlvltle• The prlmary objectlvè of tha company 18 to advance the art8, culture end heritage for the benefit of the public In the Llmavady distrlct and its ènvlrons. The company engages in varlous activities In ordér to achleve thls, namely: 'Promoting, organlslng and publicislng cultural, language and arts actlvltles. events, perfomances and initlatlves. "Encouraglng Int8re8t in and ralslng awareness of cultural, language and herltaga mattèrs and issue$ 'Encouraging and faellltatlng publlc partlclpation in the arts Publlc bonaflt The company strives to advance sustalnable development for the publlc benefit through th8 promotion of sustalnable means of achievlng 8conomic growth, regeneratlon and well-being. In partlcular, the company promote5 cultural tourfsm. cultural exchange and opportunities for vocatlonal and recreatlonal interests and activiti88 for all ages and abllitie8. Appolntment ol trustees Truste85 are appolnt6d by the members of Glor Leim An Mhadaidh Communlty Development Group Ltd at its Annual General Meeting. The process of appointing trustees is ouuined In the governing documents.
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {6onllnu8dJ Year ended 31 October 2024 Achievements and perfomiance Glor Léim an Mhadaidh contlnue to host Irlsh conversational classes weey, facllllatlNJ cultural awareness and the promotion of language and contlnue to see an increase In attendance. In addltlon. the company in now into its second year of provldlng an adult learnlng GCSE course for thosé in the comrnunlty wishing to attain a qualification in Irish. Links with othar community groups and educational Institutions have been mad8. Glor Lélm an Mhadaidh are supporting a number of community gr(rtJps who now ulilise GIOr's facilities where we promote health and well-being for adults and the youth within th8 communlty. The company has 8UPPOrtgd communlty Summer schemes thus facllltatlng cultural awaren$ and the promotion of language for youth In tho community. Th8 company continues to support th8 Llrnavady branch of Comhaltas and act as an umbrella organisation grantlng use of premises and facilitating communlty classes tor the promotion ot traditional muslc and singlng. The company has prevlously supported the local branch of Comhaltas to host the County Derry Fleadh, and will support futur8 local and county 6v8nts. thu5 promotlng and d8veloplng the rlch cultural, arts and community Spirit in the wider Limavady catchmant and council area. Durlng the accounting year, key users continue thelr buslnesses and activltles for the communlty. Thls showcases the faclllty to a wldér communlty audiencé to furthér promote thè company's community otho$. In addltlon, th8 company was able to undartake a number of mlnor evenl8 and dasses for community ben8flt. The ¢ompany contlnues to Improve on the capltsl refurbishment of the preml808, greally 8UPPOrted through fundlng. The company has supported local buslnesses. cultural club8, youth activitie$ and charlty events a8 well as contlnulng In the promotion and sustginabillty of these new premlses for utilisation by the whole communlty and a¢tsd as a hub for Several small busln88s user8. Th8 growth of Glor. as 8 comrnunlty drbven company, contlnues wlth a substantl81 programme of avents. Tho company has a part-limè 8mploy88. R18k Managoment The Trustees have a risk management strategy whloh ¢onslst$ of establishlng a system of Identifying rtsks and mitlgating such risks. The TTustee$ are aware of the major rfsks to which the charity is exposed. Where approprFate. systems of procedures have been established to mitigate the dsks the charity faces. Internal control risks are minimised through the procedures for authorisation of all transacllons and projects. The Trustees have assessed Ihe major risks to which the charity is 8xpos8d and arg satisfied that systems are In place to mitigate exp08ure.
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ondnuedJ Year ended 31 October 2024 Financial revlew Totsl inwming resources for the year were £50,216 of which 50% came from other resources. less than 1 % from investment income and 49Q/o from funders. Deferred income recognised in year totalled £15.287. Total expenses for the charity were £93,403. Approximately 97D/o of this was expended on direct charitable activities and 30A on governance costs. Capital expenditure in the year totalled £4556. The balance on total funds at the year-end was £175,477 of which £89,698 were unrestricted in nature and £85,778 ware reStrIe. Reserves Poll¢y In the Trustees, view, the reserves should provlde the charity with adequat8 financial stsbility and the means for it to meet its charitable oblectlves for the foreseeable future. Athough the ¢ompany'8 membership is comprised totslly of a volunteer work force, the Truste&$ propose to malntaln a level of reseNes to continue to promote and fa¢llitste Its Current evenls, obledives and activities and to maintain facility overheads such as Insurances. As the company develops and grows, il is proposed to InGrease the level of reserves proportlonally with a growing nurnber of events. The Trustees propose to mainlain th8 charivs reserves and bulld on this al a level which is at least equivalent lo slx months operatlonal expenditure and have done so having wards to Its manner of 0ratIOn of likely funding streams and other income. Free reserves as 81 31st October 2024 are £89,698. The Trustees continue to striv8 to build a general level of reserves in accordance with their policy so that they will be able to contlnue th8 current activities of the charlty. Plans for future porlods For the future, the Company will continu8 to d8v8lop and promote its premises as a cultural and community hub, hosting music, dance and arts 6vents as w811 as building on its current community support reaching out lo the local demographic and SOCiOweconomic sectors within our catchment arga.
Glor Leim An Mhadaidh Communty Development Group Ltd Company Limitsd by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢onllnu•d) Year ended 31 October 2023 Trustees. responsibilities stalement The trustees, who are also directors for the purpose of company law, are responsible for preparSng the trustees. port and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards {Unlted Kingdom Generally Accept8d Accounting Practice.) Company law requir8s the charity trustees to prepare financial statements for each year which give 8 true and falr view of the slale of affairs of the charitable company and Ihe Incomlng resources and application of resources. including the income and expenditure, for Ihat period, In preparing these financial statements, the trustees are requlred to.. select suitable accounting polici8s and then apply them consistently observ8 the methods and princlples In the appllcabl8 Charit188 SORP make judgements and accounting estimates that are reasonable and prud8nt prepare the flnanclal statements on tha going concern basi8 unless it is inappropriate to presume that the charlty wll contlnue In busln8ss. Th8 truste8s ar8 responsible for keeping adequate records that comply with Sectlon 386 of th8 Act and for preparing financial stalemenls 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 ils Incoming resources application of resourc9S, including its income and exp8nditur8. for the financial year in aCrdanCe with the requlrements of sections 394 and 395 and otherwis8 comply with the requirements of the Companl8s Act 2006 relating to financial statements, so far as applicable to the charity. The trustees. annual report and the strategic report were approved on 0110812025 and signed on behalf of the board of trustees by.. Mr P Nicholl Director
Glor Lelm An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Independent Examlnerfs Report to the Dlrectors of Glor Lelm An Mhadaldh Community Development Group Ltd Year ended 31 October 2024 We report on th& accounts of the company for the year ended 31 Octob8r 2024, vthlch are set out on pages 8 to 16. Rospectlve responslbllltles of charlty dlredors and •xamln•r; As the chadty dlrectors you ar8 r85ponslble for the preparation of the accounts In accordance wlth the requlrements of Companles Ad 2006. Havlng satisfied ourselve8 that the charlty Is not sublected to audlt under company law and is o1igibl8 for independent examination. It Is our responsSblllty to: - examlne the accounts under Sectlon 65 of the Charftles Act 2008. - foNow the procedures Fald down In the general dlrections given by the Chaiity Commls8lon for Northern Ireland under sectlon 6519)(b) of the Charities Act 2008. - state whether particular matters have come to our attention. Ba81$ of Independent examlnof'• report We have examined your charlty accounts as requlred under sectlon 65 of the Charitiès Act and our examlnatlcn wa8 carried out in accordance with the general dlrectk)ns glven by the Charity Commisslon for Northern Ireland under Secllon 65(9)Ib) of the Charities Aot. The examinallon Included a revlew of the aGcountlng records kept by the ¢harlty and a comparison of the accounts presented with those records. It also Included a conslderatlon of any unusual items or dlsclosures In th8 ac¢ounts and seeking explanatlons from you as charlty dlrectors ¢oncemlng any such matters. Our role 1$ to state whether any materlal matters have come to our attentlon glvlng us cause to bell8v8'. -thal the accountlng records w8r8 not kept in accordance wtth Sectlon 386 of tha Companigs Act 2008., -that the accounts do not accord wlth th08e accounUng reoords., -that the accounts do not comply wlth the accountlng requlrements of Sectlon 396 of the Companles Act 2006 and the methods and prlnclples of the Charftles Statement of Recommended Practice appllcable to charitles preparing their accounts In a¢wrdan¢e with the Flnanclal Reportlng Standard applicable In the UK and Republlo of Ireland. -that there Is fvrther Infomatlon needed for proper understsndlng.
Glor Leim An Mhadaidh Community Development Group Ltd Company Llmited by Guarantee Independent Examinefs Report to the Dlrectors of Glor Lelm An Mhadaidh Community Development Group Ltd (¢onHnu• Year ended 31 October 2024 Independènt axamlner's statsment In connectlon wlth my examinatlon, no matter has come to my attention: (1) which gfves m8 reasonabl8 cause to belleva that In any materfal respect the requlrements: to keep accounting records in accordance with sertion 386 of the Companles Act 2006. and to prepare accounts which accord with the a¢¢ountlng rerds, comply wlth the accountlng requlrem8nts of s&clion 396 of the Companles Act 2006 and wlth the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charitles have not been met, or 12)tow , In my oplnion. attgntlon Should be drawn In order to enable a prop8r understandlng of thg be reach accou accountants ba Terrace 8Co BT 6JT
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 2028 2024 Restricted fund$ Total funds Total funds 2023 Unrestrlcted funds Income and endowmènts Donations and legacies Investment incoma Conradh Na Gaeilgg An Clste Fundlng Foras Na Gaeilge Co Operation IRL Communlty Foundatlon Causeway Coast Other Income 374 374 128 858 24,212 24,212 31,680 687 24,943 26,003 687 24,943 50,216 2,743 22,268 57,677 Total Incom• 24,212 Expendlturo Expandlture on charltable advitie8 19,989 73,414 93,403 84700 Total oxpfrndltur• 19,989 73,414 93A03 84.700 Deferred In¢orng 15287 15,287 22.584 Net expendltur• and ngt M0ment In funds 8,014 (33.915) (27,900) (4,459) Reconclllatlon of funds Totsl funds brought forward Total funds carrtod forward 83,684 89,698 119,693 85,778 203,377 175,477 207,836 203,377 The statem8nt of financial activitles includes all galns and lossas recognlsed In the year. All Income and expanditure derive from continuing activities. The charity has no recogni5ed galns and losses other than those included in the results above and therefore no separale statement of total reco9nlsed gains and losses have been presented. There is no difference be8&n the net In¢omlng re80urce8 for the year Stated above and their historical Gost equivalents. The stat&ment of financlal actlvltles also complies with the requirements for an Income and expenditure account under the Companies Act 2006. The notès on pages 10 to 16 forni p•rt of those flnanclal statemon
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee statsment of Financial Position Year ended 31 October 2024 2024 2023 Flxed ass•ts Tangible fixed assets 12 558,141 603,540 Current assets Debtors Cash at bank and In hand 13 35,231 35,094 35,231 35.094 Crodltors: amounts falllng due wlthln one yoar Not current assets 14 (1,774) 33,457 (1,8841 33,210 Total assots less curront Ilabllltlos 636,750 636,750 Creditors: Amounts falling due after moro than ono year 1416,121) {433.373) Not assets 175,477 203,377 Funds of tho charfty Reslricted funds including designated funds Unrestricted funds 85,778 89,698 119,693 83,684 Total ¢harlty fund8 15 175,477 203,377 For thè year ending 31 October 2024 the charity was entitled lo exemptlon from audlt und8r saction 477 of the Companies Act 2006 relating to small companSes. Directors, responslbilities: Th6 members have not required the charity to obtsin an audlt of Its financlal statements for the year in question in accordance with secllon 476: The directors acknowledge their responsibilities for complying with tha requirements of the Act with respect to accounting records and the preparation of financlal statem8nts. These accounts have been prepared in accordance with the provisions appllcabl8 to small companies subject to the small companies regime in accordance with SORP FRS102. These financial stalements were approved by the board of trustses and authorised for Issuè on 8th August 2025 and are signed on behalf of the board by.. Mr P Nicholl Director Tho notès on page5 10 to 16 fomi part of thoso financlal stat8mgnts.
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notss to the Financial Statsments Year ended 31 October 2024 G8noral inforniatlon The charity Is a prÉvate ¢ompany limited by guaranteé. registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 38 Irish Strèet, Limavady, Co Dery. BT49 9AE. Statement of compliance These financlal statements have been prepared Sn compllance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practs'¢e applicable to charities preparing their a¢count$ in accordance with the Financial R8POrting Standard applicable in th8 UK and Republic of Ireland {FRS 102) (Charities SORP IFRS 1021) and the Charities Act (Northern Ireland) 2008 and the Companies Act 2006. Glor Leim An Mhadaldh Community Dèv8lopm9nt Group Ltd meets the definltion of a public benefit entity under FRS 102. The financlal statements are prepared on a golng concern basi5 under the historical cost conventlon. The financi818tstements are presented in sterling which 15 the functional currency of the charlty. Accountlng pollclos Basls of proparatlon Th8 financial Statement8 have b88n pr8par8d on the histor11 Cost basls. as modified by the revaluation of certain financial assets and liabilities and Investment propertles measured al falr value through Sncome or èxpenditurè. The financial statements are prepared In sterling, whlch 18 the functional currèncy of thé entity. Golng concern There ar8 no material uncertalntles about the charlty's ablllty lo contlnue. Fund accountlng UnrestrScted funds are available for use at the discxetion of the trustees to further any of th8 charity's purposes. Restricted funds are subjected to restrictions on Iheir expenditure declared by the donor or through the terms of an appeal and fall into one of sub-classes: restricted income fund5 or endowment funds. -10-
Glor Leim An Mhadaidh Community Development Group Ltd Company Llmlted by Guarantee Notss to the Flnanclal Statements (wnllnuvd) Year ended 31 October 2024 Accounting policies (¢ontlnued) Incoming rasourcos All Incomlng resources are Included In the statement of financlal activltles wh8n entitlement has passed to the charity,. it is probabl8 thai th8 economic benefits associated with the transactlon wlll flow to the charity and the amount ¢an be reliably measured. The following specific pollcles are applied to partlcular catagories of income: Income from donatlons or grants Is recognised when Ihere is evidenc6 of entlllem8nt to th glft, receipt 15 probable and Its arnounl can be measured reliably. legacy Incomé Is r8cognlsed when rncelpt Is probable and entitlement Is establlsh8d. Income from donatsd goods Is measured at the fair value of the goods unless thls 18 impractlcal to measure rellably, In whlch case the valu8 Is derlved from the cost to the donor or th6 estlmated resale value. Donated facilities and servlces are recognisgd in the accounts when received rf the valu8 can be reliably moasured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services 18 recognised with the delivery of the contracted service. This Is classified as unrestrlcted funds unless there Is a contractual requirement for it to b8 spent on a partlcular purpose and tuMed rf unspent, In whlch cas8 it may b8 regarded a8 restricted. R•sour¢•• •xpondod Expendlture Is re¢ognls8d on an accruals basls a8 a Ilabillty 18 incurred. Expendlture in¢lude$ any VAT SCh cannot be fully rewvered, and Is classified under headlngg of the statement of flnancial actlvities to whlch it relates". expendltur• on ralsing ftJnd8 includes the ¢osts of all fundraising activities, events. non- charstabl8 trading actlvlttes. and th8 sal8 of donated goods. exp8ndlture on charitable activitles Includes all costs In¢urred by a charity in undertaking actlvilies that further Its charltable aims for the bengfit of its beneficiarles, Includlng those support costs and costs relating to the govemance of the charlty apportioned to charitable activitie8. other expenditure Includes all expendituré that Is nolther related to ralslng funds for the charlty nor part of Its 8xpendlture on charitable acilvltles. All costs are allocated to expendlture c8tsgorles reflecting the use of the resource. Dlrect costs attributable to a single activlty ar8 allocated directly to that actlvty. Shared costs are 8PP¢Ytioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assgts Tangible assets are initially recorded at cost. and subsequently staled at cost less any umutatsd depreoiation and impaimient kosses. Any tangible assals cathed at revalued amounts are rewrded at the fair value at the date of revaluation Sess any subsequent accumulated depreclation and subsequent accumulated impaimient losses. 11
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notes to the Financial Statements (¢onthw8dJ Year ended 31 October 2024 Ac¢ountlng pollclos (¢ondnu•dJ Tanglblo ass•ts (¢onlthu•d) An increase in the carrying amount of 8n asset as a result of a ValuatIon, is recognised in other recognised gains and losses, unless it reverses a charge for impaiment that has previously been cognlsed as expenditu withln the ststement of financial activities. A decrease in the carrying amounl 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 whlch case the loss is shown withln other recognised gains and losses on the statement of financial activities. Depreclatlon Depreciation is calculated so as to write off the c05t or valuatlon of an asset, less it5 residual value, over the useful economic lrfe of that asset a5 follows.. Land and bulldlngs Plgnt and equipment 5 /0 Slralght Ilne 20% Straight line Impalrnient of flxed assots A review for Indicators of Impalrment Is ¢arrled out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverabl& amount, the asset Ss Impaired accordlngly. Prior impaiments are also reviewed for Possible reversal al each reporting date. For thé purposes of impgirnient testing. when it is not possibl8 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. Th8 cash-generating unit Is the smallest id8nlifiable group of assets that includes the asset and generat&s cash Inflows that largely independent of the cash inflows from other assets or groups of assets. For Impairment testing of goodwill, Ihe goodwill acquired in 8 business combination is, from the acquisition date, allocated lo each of the cash-generatlng units that are expected to benefit from the synergies of th8 combination, Irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instrumonts A financSal assel or a financial liability is recognlsed only wh8n th8 charlty becomes a party lo the ntractual provisions of th8 instrument. Basic financial instruments are initially recognised at the amount receivable or payable Including any related transa¢lion costs. Currenl assets and current liabi1it18s ar8 subsequently measured at Ihe 5h or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cosL 12-
Glor Leim An Mhadaidh Community Development Group Ltd Company Llmlted by Guarantee Notes to the Flnanclal Statements (conthKMd) Year ended 31 October 2024 Accountlng pollcles (oontlnu•d) Flnanclal Instrumonts (¢ontlnuodJ Where Invesknents in shares are publlcly traded or Ihelr falr value can otherwlse be measured rellably. the Investment Is subsequently measured at fair value with changes In falr value recognised in income and expenditure. All other Such Investments are subsequently measured at cost less impairmant. Other ffinancial instruments, Induding derivatives. are Inltlally recognlsed at fair value, unle5S payment for an asset Is deferred beyond nomal business terms or financed at a rate of Inter8St that is not a market rate. In whlch ¢ase the asset is measured at the present value of the future payments dlscounted at a market rat8 of Interest for 8 slmNar debt Instrumer+t. other financial Instruments are subsequently m8a5ured at falr valu8, with any Changes recognlsed in the statement of financlal actlvltles, wlth the gxc8ption of h9dglng instruments in a deslgnated hedglng relationship. Financlal assets that are measured at cost or amort18ed c08t are reviewed for objective evldence of impalrment at the end of each rep¢)rting dats. If ther8 Is oblectlve evldence of Impalmient, an Smpalrm8nt loss is recognised under the approprlate heading in thg statament of financlal activitie$ in which tho Inltlal galn was recognised. For all equity Instruments regardless of significance, and other financial asséts that aro Individually slgnfficant, these are assessed Individually for Impalrment. Other financlal assets are 0Sther assessed Indlvldually or grouped on the basls of slmllar credit risk characterlsllcs. Any reversals of Impairment are recognlsed Immedlately, to the oxtènt that the reversal doas not result In a carrylng amount of the flnanclal asset that exc88ds what thè carrylng amount would have been had the impalrment not previously been recognlsed. Donatlons and legacles Unrestricted Total Fund¥ Unrestricted Total Funds Fund8 2024 Funds 2023 Donatlon8 Donations Investmont Incomo Unrestrlcted Totsl Funds Unrestricled Total Funds Funds 2024 Funds 2023 Bank interest raceivable 374 374 128 128 Other Income Unrestrlcted Restrictéd Total Funds Unrestricted Total Funds Funds 2024 Funds 2024 2024 Funds 2023 2023 Other Income 24,943 24,943 22.268 22,268 -13-
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notes to the Flnanclal Statements (conthu8 Year ended 31 October 2024 Expendlturo on charltable actlvltles by fund type Unrestrlcled Fund8 Restricted Total Funds Funds 2024 Community Developmènt 73.414 73A14 19,989 93,403 Support costs 19,989 19,989 73,414 Unrestricled Fund3 Restrfcted Total Funds Funds 2023 Commun5ty Development 68.248 68,248 16,452 84,700 Support cost8 16,452 16,452 68,248 Expondltur• tsn ¢harltsblo aGtlvltl?• by •Gtlvlty typ• Acllvltles undertakon dlrectly Support costs Total funds 2024 Total fund 2023 Communlty Devek)pment Governance c08ts 73,414 17,057 2,932 19,989 90,471 2,932 93,403 82,047 2.653 84,700 73,414 Nèt expendllure Net expendlture Is stated aft8r chargingllcrediting).. 2024 2023 Depreclatlon of tanglble fixed asset8 49,956 49,958 10. staff costs The total 8taff costs and employee benefits for the reporting period are analysed as follow8: 2024 2023 9.100 9.177 The average head count of employees durlng the year was 1.12023: 1). No employee received employee benefits of more than £60.000 durlng the yaar (2023: Nil). 11. Trustee remuneratlon and expensos The charlty Irustees were not paid or r8celved any other benefits from employment with the Charity in the year (2023: NII) No charlty trustee received payment for professlonal or other seNlces supplted to the charlty. -14-
Glor Leim An Mhadaidh Community Development Group Ltd Company Llmlted by Guarantee Notes to the Flnanclal Statsments (¢ontlnuod) Year ended 31 Octobor 2024 12. Tangibla fIX assets Plant & Land & Machln8ry Fixtures Buildings & Fittings Total Cost As at 1 Nov 2023 779,312 54.951 834,263 Addltlons 4,556 As at 31 Oetobor 2024 779.312 54.951 838,819 Deproclatlon At 1 November 2023 Charge for the year 201,879 38.965 29.044 10,990 230,723 49,955 At 31 October 2024 240,644 40.034 280,678 Carrylng amount At 31 0¢tor 2024 538.668 14,917 afifi SS8,141 At 1 November 2023 577,633 25,907 603,540 13. D•btor8 2024 2023 Other debtors 14. Credltors; 2024 2023 amounts falllng du• wlthln ono yoar Other credltors Accruals and deferred Income 1,772 1,774 1.884 1.884 amounts falling due after more than one yoar UCIT Loan Deferred incomé 2,694 413.427 4.658 428,715 416.121 433,373 15-
Glor Lelm An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Notss to the Financlal Statements (¢onUnu•dJ Year ended 31 October 2024 15. Analys18 of charltablè tunds Unrestrlct•d funds At 1 November 2023 At 31 October 2024 Income Expendlture Unrestrlctgd Fund8 83,684 26,003 (19,9891 89,e98 15-
Glor Leim An Mhadaidh Community Development Group Ltd Company Llmlted by Guarantee Notes to the Flnancial Statements (conllnu8dJ Year ended 31 October 2024 15. Analysls of charitable funds (contlnu8dJ Restrfcted funds Deferred At Income 31 Octobar 2024 At 1 November 2023 Income Expanditure Restrlcted Funds 119.893 24.212 {73.414) 15,287 85,778 16. Anatysls of not assets botwoon funds Unrestrfclod Fund5 RestrScted Total Funds Funds 2024 Tangible fixed assets Net assets 558,141 558,141 (58.936) 30,762 (413,427) (413,427) 85,778 175,477 89,698 Deferred Income Nat a880ts 89.698 17. Contlng•ncl•8 A )ntIngent Ilability oxists to r8pay grants recebved should certaln conditions not be fulfilled by the charity. In the opinion of the Trustees. the tems of the Letters of Offer have bean, or wlll be, complied wlth and no Ilablllly Is expected. 18. R•latod partl•• There were no other related paty transactlons incurr8d dudng thg year {2023: nll). 19. Taxatlon The Charity's activitles fall withln the exemptions afforded by the provisions ot the Income and Corporation Taxes AGt 1988. Accordlngly. there Is no taxation charge In these accounts. 20. Deferred Incomel Deslgnated funds The total amount of £22.564 has been released Into the statem8nt of profit or loss in 2024. The remalning balan of £413,427 remains on th8 balance Sheet as deferred income. This wlll b• allocated lo the profil or l¢)ss in line with the useful life of land and property.
Glor Leim An Mhadaidh Community Davelopment Group Ltd Company Limited by Guarantee Management Informatlon Year ended 31 October 2024 The followlng pagos do not fomi part of tho flnanclal 8tatoment8. -17-
Glor Leim An Mhadaidh Community Development Group Ltd Company Limited by Guarantee Detailed Statement of Flnanclal Activities Year ended 31 October 2024 2024 2023 Incomo and ondowments Donations and lagacles Donations In9*mont Income Bank interest receivable 374 128 Other Income other Income Conradh Na Gaeilge An Clsts Fundlng Fora8 Na Gaellge Co Operation Ireland Community Foundatlon Causeway Coast Total income 24,943 22,268 858 24,212 31,680 687 2,743 50,216 57.677 Daferr•d Income Total 15,287 65,503 22,564 80,241 Exp•ndltur• Expendlturè on eharltablo actlvltle8 Insurance Legal and prof6ssional fees Deprecialion other Interest payable and similar charges othgr expenses 468 1,980 49,958 673 31.625 1,980 49,956 516 40,306 93N03 84,700 Total expandlture 93A03 84,700 Nét mov8mont In funds (27,900) (4,459) 18-
Glor Leim An Mhadaidh Community Development Group Ltd Company Llmitsd by Guarantee Notes to the Detailed Statement of Financial Activities 31 October 2024 2024 2023 Expendlture on ¢horltable actlvltl8s Activities undertaken dlrectly Depreciation Programm8 Costs Wages 49,956 11,418 9,100 49.956 9,115 9,177 70N74 68,248 Support Gost8 Insurance Sundry Light & Heat Water rates Ropalrs & Malnlenance Printing, postag8 & statlonery Telephone Charitable Donations 645 466 <1) 6,889 298 5,286 77 7,867 480 9.315 464 626 600 19,997 13,799 Governance cost8 Governance costs - accountancy fee8 Bankl Loan Interest & Charges 1,980 952 1.980 673 2,932 2.653 Expondlture on charltabl• aGtlvltl•¥ 93,403 84,700 19-