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← Glenshane Care Association Ltd

2025-06-30-accounts

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Company registration number NI034342 (Northern Ireland) Charity registration number NIC 101802 (Northern Ireland) -

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| -GLENSHANE CARE ASSOCIATION LTD

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ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

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GLENSHANE CARE ASSOCIATION LTD

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees Ms Shelagh Bond Mrs Margaret Grieve Mrs Grainne O'Neill Mrs Kathleen Kelly ' Mr Colum McNicholl : Joeleen Grieve Rhiannon Brolly . Jackie Doris Country of incorporation . United Kingdom -NI034342 (Northern Ireland) ; Charity registration Northern Ireland NIC101802 Registered office 50 Legavallon Road ° Dungiven Co Derry Northern Ireland ; BT47 4QL Accountants _ _ PFS Accountants and.Auditors Ltd . 122 Main Street. Dungiven , Co DerryBT47 4LG :

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GLENSHANE CARE ASSOCIATION LTD

CONTENTS

Trustees’ report

Independent examiner's report

Statement of financial activities

Balance sheet

Notes to the financial statements

Page 1 . 2 3 4, 5-11

GLENSHANE CARE ASSOCIATION LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025 .

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The trustees present their annual report and financial statements for the year. ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP “Accounting and Reporting by 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 (FRS 102)”. ;

Objectives and activities

The company aims to advance education and relieve poverty among disabled adults in Dungiven and surrounding areas and in particular to provide training and employment opportunities for such people. ,

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

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Achievements and performance

The financial results for the year are set out on pages 5 and 6. . 2024/2025 saw Glenshane Care Association Limited continue to fulfil its aims and objectives with its services benefitting the local community through current and new projects to the benefits of its members.

Structure, governance and management

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The company was established under a Memorandum of Association which establishes the objects and powers of the company and is governed under the Articles of Association. The minimum numberof directors required at any one time is three.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms Shelagh Bond Mrs Margaret Grieve Mrs Grainne O'Neill Mrs Kathleen Kelly Mr Colum McNicholl Joeleen Grieve Rhiannon BrollyJackie Doris .

The trustees’ report was approved by the Board of Trustees.

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Mrs MargaretDirector Grieve mM|amyArent
20 March 2026
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GLENSHANE CARE ASSOCIATION LTD

INDEPENDENT EXAMINER'S REPORT , TO THE TRUSTEES OF GLENSHANE CARE ASSOCIATION LTD

| report on the financial statements of the charity for the year ended 30 June 2025, which are set out on pages 3 to 11.

Respective responsibilities of charity trustees and examiner As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

| have examined your charity financial statements as required under section 65 of the Charities Act (Northern Ireland) 2008 and my 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 financial statements presented with those records. It also included consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe that:

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Independent examiner's statement

| have completed my ‘examination and | have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, | have found no matters that require drawing to your attention.

PFS Accountants and Auditors Ltd

122 Main Street

Dungiven Co Derry BT47 4LG 20 March 2026

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‘-GLENSHANE CARE ASSOCIATION LTD

. STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

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FOR THE YEAR ENDED 30 JUNE 2025

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Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £. £ £ a
Income from:
Donations andlegacies 2 14,161 91,283 105,444 19,538 74,070 93,608
Total income 14,161 91,283 105,444 19,538 74,070 93,608
Expenditure on:
Charitable activities 3 25,165 92,656 117,821 31,144 75,020 106,164
Total expenditure 25,165 92,656 117,821 31,144 75,020 106,164
Netexpenditure and
movement in funds (11,004) (1,373) (12,377) (11,606) (950) (12,556)
Reconciliation offunds: ..
Fund balances at 1 July 2024 20,437 33,531 53,968 32,043 34,481 66,524
Fund balances at 30 June
2025 9,433 32,158 41,591 20,437 33,531 53,968

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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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, GLENSHANE CARE ASSOCIATION LTD

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BALANCE SHEET

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AS AT 30 JUNE 2025

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‘ 2025 2024
: Notes £ £ £ £
Fixed assets
Tangible assets 8 - 3,423
Current assets
Debtors 9 1,842 1,924
Cash at bank and in hand 42,435 50,950
oo, 44,277 52,874
Creditors: amounts falling due within 10
one year (2,686) (2,329)
Netcurrentassets 41591 50,545
Total assets less current liabilities 41,591 53,968
The funds ofthe charity ,
Restricted income funds 12 32,158 33,531
Unrestricted funds 13 9,433 . 20,437
41,591 53,968

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 20 March 2026

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Mrs Margaret Grieve M WEY ia] ie
Director
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, GLENSHANE CARE ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

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Charity information

Glenshane Care Association Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 50 Legavallon Road, Dungiven, Co Derry, BT47 4QL, Northern Ireland.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

; The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting accounting in preparing the financial statements.

1.3 Charitable funds

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. |

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GLENSHANE CARE ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classifiedby activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 20% reducing balance Motor vehicles 10% straight line .

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7. Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). :

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts..Bank overdrafts are shown within borrowings in current liabilities.

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

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Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legaliy enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

GLENSHANE CARE ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Basic financial liabilities

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Basic financial tiabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

: Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Fundraising and gifts 12,661 - 12,661 18.538 - 18,583
Grants 1,500 91,283 92,783 1,000 74,070 75,070
14,161 91,283 105,444 19,538 74,070 93,608

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GLENSHANE CARE ASSOCIATION LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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3 Expenditure on charitable activities

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|||||||||| |---|---|---|---|---|---|---|---|---| |,|:|Charitable|Charitable| |activities|activities| |.|2025|2024| |£|£| |Direct|costs| |Provisions|2,576|3,462| |Other|direct|costs|397|836| |2,973|4,298| |Share|of support and|governance|costs|.|,| |Governance|114,848|101,866| |117,821|106,164| |Analysis|by|fund|-| |Unrestricted|funds|25,165|31,144| |Restricted|funds|92,656|75,020| |117,821|106,164| |4|Net|movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Depreciation|of owned|tangible|fixed|assets|3,423|3,428|

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5 Trustees

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None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

6 Employees

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The average monthly number of employees during the year was:

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2025 2024
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GLENSHANE CARE ASSOCIATION LTD

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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6 Employees
Employment costs 2025 2024
£ £
Wages and salaries 70,172 66,779
Other pension costs . . 1,359 1,251
. : 71,531 68,030

There were no employees whose annual remuneration was more than £60,000.

7 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

8 Tangible fixed assets

Fixtures and
fittings		 Motor
vehicles		 Total
; : £ £ £
Cost ,
At 1 July 2024 38,214 34,275 - 72,489
At 30 June 2025 38,214 34,275 72,489
Depreciation and impairment
At 1 July 2024 .. , 38,214 30,852 69,066
Depreciation charged in the year - 3,423 3,423
At 30 June 2025 38,214 34,275 72,489
Carrying amount
At 30 June 2024 - 3,423 3,423
Debtors
2025. 2024
_ Amounts falling due within one year: ; £ £
Trade debtors 1 -
Prepayments and accrued income 1,841 1,924
1,842 1,924

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GLENSHANE CARE ASSOCIATION LTD

_ NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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10 Creditors: amounts falling due within one year

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |,|£|£| |Other|taxation|and|social|security|1,451|1,191| |Other|creditors|299|274| |Accruals|and|deferred|income|936|864| |2,686|2,329| |11|Retirement|benefit|schemes| |.|2025|2024| |Defined|contribution|schemes|£|£| |Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|4,359|1,251|

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The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

12 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |At|1|July|2024|Incoming|Resources|At|30|June| |resources|expended|2025| |£|£|£|£| |.| |33,531|91,283|(92,656)|32,158| |Previous|year:|At|i|July|2023|Incoming|Resources|At|30|June| |;|resources|expended|2024| |£|£|£|£| |34,481|74,070|(75,020)|33,531|

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13 Unrestricted funds

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The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |At|1|July|2024|-|Incoming|Resources|At|30|June| |.|resources|expended|2025| |,|£|£|£|£.| |General|funds|20,437|14,161|(25,165)|9,433|

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GLENSHANE CARE ASSOCIATION LTD

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 )

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13 Unrestricted funds
Previous year: At 1 July 2023 Incoming Resources At 30 June
resources expended 2024
£ . £ £ £
Generalfunds 32,043 19,538 (31,144) 20,437

14 Related party transactions

, There were no disclosable related party transactions during the year (2024 - none).

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GLENSHANE CARE ASSOCIATION LTD

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MANAGEMENT INFORMATION FOR THE YEAR ENDED 30 JUNE 2025

The following pages do not form part of the financial statements.

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GLENSHANE CARE ASSOCIATION LTD

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DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025

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2025 2025 2024
£ £
Income and endowments
Donations and legacies
Fundraising Events & Donations - 12,661 18,538
WHSCT 76,849 70,170
Lottery Community Fund 6,815 -
Glenshane Community Development ° 1,500
Daera Gas : 3,619 -
SSE Renewables , - 1,400
Dungiven RC Trust ; - 1,000
Community Foundation 4,000 2,500
. 105,444 93,608
Total income 105,444 93,608
Expenditure
Expenditure on charitable activities
Wages and salaries 70,172 66,779
Pension costs ; , 1,359 1,251
Rent 7,992 7,992
Rates and water 901 697
Light and heat 3,384 3,032
Repairs and maintenance 12,083 5,964
Computer costs 2,999 -
Insurance 2,091 1,821
Motor vehicle expenses 3,892 2,802
Legal and professionalfees 4,678 3,803
Telephone 974 88%
Other office costs 11 1,758
Depreciation 3,423 © 3,428
Provisions 2,576 3,462
Training 675 96
Cleaning 87 1,414
Direct costs 397 836 -
Bank charges _ 126 165
117,821 106,163
Total expenditure 117,821 106,163
Netexpenditure (12,377) (12,555)

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GLENSHANE CARE ASSOCIATION LTD

' DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025

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; 2025 2024 2024
; £ . £
Expenditure on charitable activities
Activity type 1
Activities undertaken directly
Direct charitable activity 1 - Provisions 2,576 3,462
Direct charitable activity 1 - Direct costs 397 836
2,973 4,298
Governance costs
Governance costs - wages/salaries ; 70,172 66,779
Governance costs - pension costs 1,359 © 1,251
Governance costs - rent 7,992 7,992
Governance costs - rates & water 901 697
Governance costs- light& heat 3,384 3,032
Governance costs - repairs & maintenance 12,083 5,946
Governance costs—computer costs 2,999 -
Governance costs - insurance 2,091 1,821
Governance costs - motor vehicle expenses 3,892 2,802
Governance costs - accountancy fees 2,950 2,255
Govemance costs - legal and other professional fees 1,728 1,548
Governance costs - telephone 974 881
Govemance costs - other office costs 11 1,758
Governance costs - depreciation 3,423 3,428
Governance costs - Training
.		 675 96
Governance costs - Cleaning and hygiene 87 1,414
Governance costs - Bank charges 126 165
_ 114,848 101,865
Expenditureoncharitableactivities 117,821 106,163