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 wee￿y, 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 reStrI￿e￿.
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 0￿ratIOn 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 aC￿rdanCe 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 re￿rds, 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 M0￿ment 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 be￿8&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 histor1￿1 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.
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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¢to￿r 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
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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
In￿9*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-