COMPANY REGISTRATION NUMBER: N1034342 CHARITY REGISTRATION NUMBER: NIC101802 Glenshane Care Association Limited Company Limited by Guarantee Unaudited Financial Statements 30 June 2022 PFS ACCOUNTANTS AND AUDITORS LTD Chartered Certified Accountants 122 Main Street Dungiven Co Derry BT47 4LG • JC67EKYZ* 2210Prt023 COMPANIES HOIJSE JNI
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Glenshane Care Association Limited Company Limlted by Guarantee Financial Statements Year ended 30 June 2022 Page Trustees. annual report (incorporating the directorfs report) Independent examinerfs report to the trustee5 statement of financial activities (including income and expenditure account) Statement of financial posrtion Notes lo the financial statements
Glenshane Care Association Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 30 June 2022 The tfuslee5, who are also the directors for the purposes of company law, presenl their report and Ihe unaudited financial stslements of the Chanty for Ihe year ended 30 June 2022. Reference and admlnistralive d•talb R•gSstefed charity n•m• Gn$haTre Care Assou"atKin Limited Charlty reglstration numb¢r NIC101802 Company registratlon number N1034342 Prin¢lpal offlc• and regislernd Glenshane 8usiness Pa office 50 Legavallon Road Dungiven BT47 4QL Co Derry The trustees M Grieve E Hunter C McNichd K Kelly S Bond C M¢C105key G O'Nll {ResvJned 12 October 20221 IResKJned 11 October 20221 Independent Bxaminor PFS AttoLnlants auditors Ltd Chartered Certified Accountants 122 Main Street Dungiven Co Derry 8T47 4LG Structure. governance and management The company was estsblished under a Menmxandum of AssrKiatK)n which eSblISheS the obj'ects and powers of the company and is 9ovemed under the ArtT¢ks of Assc¢ial)n. The minimum number of directors reqUId at any one Iwne is the. Objectiv•s and actlvities The ¢¢mpany aims to advance educat arKI rel¢ve poverty an9 disabled adults in Dungiven and surr¢)unding aa5 and in parttulaf to provNle training and empk)ymenl r)pptytunil¢es for such people.
Glenshane Care Association Limited Company Limited by Guarantse Trustees, Annual Report (Incorporating the Director's Report) {¢onrih4rfd) Year ended 30 June 2022 A¢hievements porforrnan¢¢ The resuris for the year a sel ¢)ul on page5 5 & 6. 2021r22 $aw Glenshane Care Asso¢rdlion Limited continue to fvlI ils aims and ot4e¢bves wilh its services benefiliing the Ixal community through current and new prqecls to the benefits of its members. The trustees. annual report ds apwoved on 15 June 2023 and stswed on behaw of the tmjard of trustees by: M Grieve Director
Glenshane Care Association Llmited Company Llmited by Guarant•• Independent Examinerfs Report to the Truste•s of Glenshane Car• Association Limlted Year ond•d 30 June 2022 I report lo the trvstees on my examination of the financk4 statements of Glenshane Care ASsocK)n Limited I'lhe charity'l lor the year ended 30 June 2022. Responslbllltle8 and b•sl$ of report As the Iru51ees of the company lan¢J also its directors lor Ihe purposes of company law) you are responsible for the preparalh)n of the financkql stalements in accordance with ihe requirements of CharilEs Act (Northern Irelar+d} 2008 (the .2008 Act'> and the Companies Act 2CQ61'me 2006 Acl'l. You are satisfied Ihal the accounts ol the company are nol required by Charity or Company law lo be aLKlited and have chosen instead to ha¥e an independent examInatK. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 20C6 Act anLI are eli9ible for independent examinab"on, I report in of my examination of the charity's financial slalerrents as carried out under section 65 of Ihe 2008 Act. In carrying out my examination I have folbwed Ihe general Directicffi$ given by the Charity Commi$sKin for Northern Ireland under section 65(91(bl of the 2008 Act. IndepBndent examlnerfs statement I have completed my examinab'on. I confirm that no matters have come lo my attention in connection wilh my examinatson 9iving me ¢ause 10 believe that in any material respect a¢counling reccids were nol kepl in respect of the clkgrity as required by section 386 of the 2TrJ6 A¢1, or the financial stslaTrents do not accord with Ihose records., or the financial st*ements do not compty with the accounting requirements of sects'on 396 of the 2006 Act other than any requiremenl that the accounts give a 'twe and fair view which is not a malter constdere(l as part of an independent exination". or the financial statements have not been prepared in a¢¢ordan¢e with the methods and principles of the Statement of Recommended Pra¢lice for accounting and reporting by charibes applicab lo charib'es wepariry their accounis in accordance with thg Financol Reporting standard 8pplble in Ihe UK and Reputs1 ol Ireland IFRS 102). I confirm that there are no other maiters to wlmch yr attention sho¢ be drawn to enab a proper understanding of Ihe ac¢wnts to be rea¢hed. .J L&Q PFS A¢¢ountani$ ond Audrttys Lld Chaflered Certtfied Accauntarts Independent Examiner 122 Main Street Dungiven Co Derry BT47 4LG 15 June 2023
Glenshane Care Association Limited Company Llmlted by Guarantse Statement of Financial Activities (including Income and expenditure account) Year ended 30 June 2022 2022 Unrestricted Resln¢ted funds funds Total fvnd$ Total lunds 2021 Incorne and endowm•nts Donations and lègacies Charitable ti¥ll1eS 16.763 62,638 79.401 103.811 2,095 105.906 Tot•1 Incom¢ 16.763 82.638 79.401 Exp•ndlturo Expenditure on charitsble acbvilies Total •xpendl¢ur• 62.638 67.524 94.054 4.886 62.638 67,524 94,054 Net Inconm and net fflov•menl lfi 11,877 11,877 11,852 Rocon¢lllaiion of fund5 Tolal funds brought fopward Total funds carrfed f(Thard 26,127 29,083 29.083 55,210 67,087 43,358 55.210 The statement of financial xtivilies includes all gains and losses wnis&J in Ihe year. All inrne and expenditure derive.from continuing activrties. The notes on pa9ts 6 to 13 fomb prt of Iho$0 fina601 statÈmonl8.
Glenshane Care Association Limited Company Lirnited by Guarantee Statement of Flnancial Position 30 June 2022 2022 2021 Mot• Flxed assets Tangible fixed assets 13 10,279 13.707 Curfent assets Oeblors Cash at bank aTrJ in hand 14 8.957 49.542 1.771 40,883 42.654 58,499 Crodltors: amounts falllng due withlD one year Net current a86ets 15 1,691 56,808 1.1SI 41.503 Total ets Ips$ current Ihbllllles 67,087 67,087 55.210 Nel assets 55.210 Funds ofihe charlty Reslricled fund5 Unrestricled funds 29.083 38,lJ)4 29.083 26.127 Total charity lund$ 17 67.087 55.210 For the year ending 30 June 2022 (he chartty was entitled to exempttoTr Irorn audit under section 477 of the Companies Act 2Cth relating to small ¢Mipanies. Directors, responsibilibes: The membefs have required Ihe ccnpany to ol)tain an audrt of ts finarKtal Statements the year in quesih)n in aCCordare with section 476.. The diredors a¢knowledge their responsibilies ¢(WYWtying with the requiremenls of the Act with fespect to accountin9 reccds the preparion of finarKial slatements. These financial statements have been prepared *) ac¢ordarte with the w0v6n$ appll¢abk lo companies subiect to the small mPanIes, regirne. These financial Slalements were approved by the board of Iruslees and authorised for issue on 15 June 2023 and a sBJned on behalf of Ihe board by: M Gr¢eve Director The nots$ offt pages 6 to 13 forni part gfth•se fioancial st¥t•m¢nts.
Glenshane Care Association Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 30 June 2022 Genoral InYornWlon The chanty 15 a publK benefit entity and a private company linNl8d by guarantee. registered in rthern Ifel8nd and a lstered charty in Northern Ireland. The address of the registered offi¢e is GfiSh8ne Business Park. 50 Le9avallon Road. Dungiven. BT47 4QL. Co Derry. Statement of compliance These financial stslemenls have been prepored in CQTnplian¢e wth FRS 102. The Financial Reporting Standard applb in the UK and the Republ of Ifeland. Ihe Slatemenl of Recommended Practice appliCae lo charils preparing their accwnts in accordance with the FinanGial Reporting Standard apicab in the UK and Republic cf IreL8nd IFRS 102} (Charities SORP IFRS 10211 and the COmpanS Act 2006. Ac¢ountlng policie Basls ol preparntlon The financial ststements have been Pfepared on Ihe histor1 cost basis, as (fied by the revaluation of certain financial assets and Irabilities and inveslment properties tTha5ured al lair value through Inco or expendrture. The financkgl statements are prepared sterling, which 1$ the furdtonal ¢¢Jrrerw of the ents"ty. Golng concom There are no material uncertainlies al)ul the charity's abilfy lo continue. Fund accountlng Unreslricled fvnds are availa1e for use at the disuetKm of the trustees lo further any of the charity's purpose5. Desi9naled fund$ aTr UnreStrted lunds eamrked by the tru$lees for ptar future project or commitsnenL Reslficted funds are su'ecled to restrt5 on Iheii expenditure decjared by the donor or through the term5 of an appeal, and fall into one of ts¥o sub<lasse5: resth.cted income funds or enrjowmenl funds.
Glenshane Care Associatlon Limited Company Limlted by Guarantee Notes to the Financial Statemènts (e0nUnj Year ended 30 June 2022 Accountlng pollcles iconL4ftw•dJ Incoming resources All inwming resources are Ir£1 in the statement of financial aclivities when entstlemenl has passed lo the charity.. it b5 prObae that the economic benefits asso¢iated wtth the transa¢tion will ftow lo the charity and the amunt can bE reliabty measured. The following specifi5 pJli¢ies are applied lo particular categories of Ycfft'. income from dorli0n5 or grants bs reco9nised when there bs evidence of entitkmenl to the gift, receipt Is probable an¢J its amount can be Thasured reliabty. regacy income recognised when receipt is probable and enttUennt is established. income from tJonate(I goods is measured * the fair value of the goods lesS this impracti¢al lo measure reliabty. in which case the value is derr¥ed trorn the cost lo the donor or the e51imaled resale value. Donated facilities and seNices a CniSed in the ccount5 when receNed if the value can be reliabty asUred. No amoun15 are included for the contributton ol general voliffiteets. income from contracts for the supply of seThices is recognised with the delivery of the contracted service. This is classified as unrestited funds unless there is a contractual requirement for il lo be spent on a particular purpose and returned if unspent, in which case il may be regarded as $tncte. ROurCeS expended Expenditure is recognised on an Kuuals basis as a liability incurred. Expenditure includes any VAT which cannot be fulty recovered, and is dasgfied under headffjs ol the statement of financial activit5 to which il te5.. expenditure on raising funds inchJdes the costs of all fundraising activities. events. non<harilable trading acbvil¢s. and the Sa of donated goods. expenditure on charitable activit Ir1[leS all eosts incurred by a charity in undertaking livilies lh further ils charitable aim5 for Ihe benefit of ils beneficiaries, includin9 those support costs and costs reLab"ng to Ihe 9Jvemance of the charity apportioned to charitable aclivilw. other e%pendrtu irdudes al expenditure that is neither related lo ratsirya funds for the charity nor part ol its expenditure on charilable actMis. All costs are alb3caled lo exFenditure ¢ategories flecting the use of the resource. Direct CA)Sts attributable lo a sirb9 activity are allocated direclty lo that acts"vity. Shared costs are apportioned beeeft the actNilS they contribule to on a reasonable. justifiabk and ¢onsi5tenl basis. Tangible assets Tangible assets are initialty reccyded at cosl. and subsequentty stated at cost less any accumulated depre¢ialion and impairmenl losse5. Any tangible asset5 carfied at revalued amounts are recorded ai the fair value at the dale ¢1 revalvalion less ary subseqvenl accumulated depreualbjn and subsequenl accumuialed impairn*nl Io5S85.
Glenshane Care Association Limited Company Limited by Guarantee Notes to the Financial Statements l¢onthtMo) Year ended 30 June 2022 Accountin9 pDllcl08 (¢onthuerfl Tangible assets l¢gnOnu•dJ An increase in the cwrying affnI of an as5el as a resutt of a revaluation. 15 reccfjni5ed in olher recognised gains and kisses. unless rt reverses a charge for irnpairrrenl that has previousty been recognised as expenditure within the stateffnl of financol a¢tNilies. A decrease in the Carrying arnount of an a55et as a re5uII of revaluats'on, is recognised in other re¢canised gains and10sses, except lo which il oltsels any previous revaluation gain. in whh ¢ase the bss is shtyvn wilh other recognised 9ains and b)sses on the statement of financial 8cliYib'es. Depreciallon Depreciation is cakuLoted so as to write off the c05t or valuation ol an asse( its resbjual value, over the useful econom life of that asset as follows.. Motor vehicles 10% strawJht lir Impairm¢nt of fixed assets A review for indicators of impaimnt is carried out al each reForting dare. with Ihe recoverable amount being estimated Whe such indrcalors exist. Where the carrying value exceerjs the recoveratAe amount. the a$5el bs impaired accordingty. Pr impaiThnents also revwfftl for possible reversal ai each reporling dale. For the purposes of impairment ie5ting. when it t5 not Possible to estimate the recoverable arnount of an individual assel. an estimate is made of the recoverab am)unt of the cash-generaling unil to whh the assel belongs. The cashenerating unit is the smallesl rdenlifiable group of assets Ihal mdudes Ihe assel and generates cash inflows Ihat largely independent of the cash inflows from olher assets or groups of assets. For impairment testing of go(thill. Ihe geth.1 acqfftd li a busness ccKnbinalion is. from the acquisition date, allocated lo exh of the cash-generaliNJ units that are expected to benefit frorn the synergies ol the combinalion. irrespectNe of whether other assels or liabilities of the charity are assigned lo those units. Financial instruments A financial asset ty a finan¢bal lia'l1ty is recognised onty when the charity be¢ome5 a paty to the contractual provisicns of the instrumenl. Basic finanoal 1nstruryntS are iniliawy recognised al the amount receivable or payable including any related transath.on $ts. Curfenl assets and culnI liabilities are subsequenlty measured at the cash or other cmsijeratn expected lo be pawj receNed and not discounted. Debt instruments are subsequenlty measured at amorti5ed cost.
Glenshane Care Association Limited Company Limited by Guarantee Notss to the Financial siatements (cl[18) Year •nded 30 June 2022 Accountlng 1¢1¢3 (¢MthLdJ Flnancial instruments (¢tsn0nt1J Where investments in shares are publ• traded or thw far value can ¢)therwise be measured reliably. the investrnent is subsequently measured al fair value with changes in fair valu8 reco9nised in income and expenditure. All olher such inveslments are sut)sequendy measured al C051 less impairment. Othef financial inStrUTh. IlUding derivatives. are iniially fecognised at fay Value, unless payment for an asset ts deferred Wond nonnal business temis Qr financed al a rate of interest that 15 nol a market fate. in which ¢ase the asset is measured at the present value of the fulure payments di5Unted al a market rate of interest ft)r a similar debt in$tnJmenl. Other financkql InstrUnts are subsequently measured at fair value, Wbth any Changes feec3ni5ed in Ihe stalemenl of financial activitses. with Ihe exceptKJn of IgIng instruments in a designated hedging relalionship. Financial assets that are measured at cost amortised cost a reviewed for obJ"ectNe ev¢dence of impairment at the end of each reFK)rtin9 date. If there is objeclive evidence ol impairment. an inyaim7ent Ioss is re¢ognised under the approwiale Iwdin9 in the statemenl of financial adivilies in which the inib'al gain was recoynised. For all equity instruments ogardless of srgnif¢ance. and other financial assets that are inclividualty 51gnifunl. these are assessed indivKlualty for impairment Other financial a55els ar8 either assessed individualty or grouped on Ihe basis of similar credit risk Characterisi$. Any reversals ol impaifmnl are re¢ts3nised imffedrdlety. to the extent Ihat the reversal does not result in a Carrying anN)unl of the financial asset that exceeds what Ihe carryin9 amount woutd have been had the impairrrnt not previovsly been reco9nised. 0ofin¢d contrfbutlon plans Conlribulions to defined contrthtK>n plans are recwised as an expense in the period in which the reL4ied seryice is provhded. Prepaid Contributions are fecognised 85 an asset ID the extent that the yepayment wll lead lo a redtn in lulwe payments or a cash refvnd. When Contribuln¥ are not expected to be setded wholty wrthin 12 months of the end ol the reporting date in which the emkloyees render the related servti. the liability is measured on a discounted pfesenl value basis. The unwinding of the dis¢ount is reccKJnised as an expens¢ in the pericrfl in which it awises. Llmlted by guarant•e The company has no share capit and 15 a rAmpany limrted by guarantee.
Glenshane Care Association Limited Company Limited by Guarantee Notss to the Flnancial Statements {coftthuod) Year ended 30 June 2022 Donations and l•ga¢les Unrestrrted Restricted Totsl Funds Funds Funds 2022 Donations FUndlsIng Events & Oonalions 16,763 16.763 Grants VVHSCT Causeway Coast and Glens 60,641 1,997 60,641 1.997 16.763 62,638 79,401 Unre$trteted Funds Regtitied Tolal Funds Funds 2021 Donatlons Fundraising Events & 00nati$ 12.159 12,159 Grants FMISCT Causeway Coast and Glens SSE Renewab$ Covid 19 TRIG Cov Oeveloping Healihy New Needs Ulstef Community Rural Communty Nets¥(wk Dungi¥en RC Trust 62.425 1.997 1.000 5.093 2.494 799 3.880 10.158 2.3C6 62,425 1.997 1,000 5.093 2.494 799 3.880 10,158 2.30S 1.500 1.500 13.659 90,1 $2 103,811 Charltablé actlvities UrTr$Itea Tot•1 Funds Unrestricted Total Funds FurlS 2022 Funds 2021 Other incm from dwilable aciivrt" ies typel 2.095 2,095 10
Glenshane Care Association Limited Company Llmited by Guarantse Notes to Ihe Flnancial Statements Year ended 30 Juno 2022 Expenditure on ¢haritsbk acthfities by fund type Unrestricted Funds Restrthd Totsl Fund8 Funds 2022 Expenditure on charitable aciiviti"e5 62,638 67.524 4,886 62,638 67.524 Urtrthd Restrted Total Fund$ Punds Funds 2021 Expenditure on charitable activities 3.W2 90,152 94,054 3.902 ,152 94,054 expenditure on charttable actlvltles by act1v type Actbvilies undertaken dire¢ Support Total funds costs 2022 Tolal fund 2021 Expenditure on charlt xtwrties Governance costs 1.150 1,150 66.374 67.524 1,452 92,602 94,054 66.374 66.374 1.150 Net Income Nel ir)rne is slaled after chargingllrAediting): 2022 2021 Depreation ol Igib red assets 3.428 3.428 10. Independent examlnatk)n f•es 2022 2021 Fees payabk to the independent examirer lor.. Inoependenl examination of the fiwcial statements 2.563 1,771 11
Glenshane Care Association Limited Company Limited by Guarantee Notss to the Financial Statements (conL6Tu•d) Year ended 30 June 2022 11. Staff ¢¢)sts The totsl staff costs and erybyee Lynefits lor Ihe {•11n9 perKd aTe ?natysed a5 foNtrws." 2022 2Q21 Woges and salaries Employer contributions lo pengon plans 39.893 54.209 870 40.539 55,079 The avera9e head wjnl of enwbyees durin9 the year was 412021: 4}. No ernployee received employee nefi& of mre than £60.IJ)O during the year {2021." Nil>. 12. Trustee remunewation and expenses During the year ended 30 June 2022 there was no remuneration pawj to the trustees. 13. Tanglble fixed a$sets Fixlures and fitbngs Motor vehr Total Cost At 1 July 2021 and 30 Juffte 2022 Depreciation At 1 JLrly 2021 Charge for the year At 30 June 2022 38.214 34.275 72.489 38.214 20.568 3.428 58.782 3.428 38.214 23,996 62,210 Carrylng amount At 30 June 2022 10.279 13.707 10.279 13.707 AI 30 June 2021 14. Debto 2022 2021 ppayrrents and arVed incon Other debt$ 1.727 7,230 8.957 1.645 126 1.771 12
Glenshane Care Association Limited Company Limited by Guarantse Notes to the Financial Statements (c•Jpdnwd) Year ended 30 June 2022 15. Creditorn: amounts falling due within ono year 2022 2021 Ar£rua15 and delerred income Olher CTedrl¢y5 960 191 125 1.691 1,151 16. P•nslons and ¢)ther post relirement benefft8 Defined ¢ontrlbution plans The amount feco9ni5ed in income or expenditure a5 an expense in relation to defined contribution plans was £646 {2021'. £870). 17. An¥ly$l$ of eharitable funds Unrestricted funds At 1 JuW2021 At Incfft Expenditu 30 June 2022 General funds 26.127 16.763 (4.8861 38,004 At Inco Expenditure 30 June 2021 1 Juty 2020 General fvnds 14.275 15,754 (3.902) 26.127 Restricted fvnds At Income Expenditure 30 June 2022 1 Juty 2021 Reslncled Fund 1 29.083 62.638 162.6381 29,083 At Incory* Expenditure 30 June 2021 1 Juty 2020 Restricted FurKI 1 29.083 .152 {90.1521 29.083 13