COMPANY REGISTRATION NUMBER: N1044042
CHARITY REGISTRATION NUMBER: NIC103077
Brackaghreilly and District Community Association
Limited
Company Limited by Guarantee
Unaudited Financial Statements
30 September 2023
PFS ACCOUNTANTS AND AUDITORS LTD
Chartered Certified Accountants
122 Main Street
Dungiven
Co Derry
BT47 4LG

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2023
Page
Trustees, annual report (incorporating the director's report)
Chartered certified accountants report to the board of trustees
on the preparation of the unaudited statutory financial
statements
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 30 September 2023
The trustees, who are also the directors for the purposes of wmpany law, present their report and the
unaudited financial statements of the charity for the year ended 30 September 2023.
Reference and administrative details
Registered charity name
Brackaghreilly and District Community Association Limited
Charity registration number
NIC103077
Company registration number N1044042
Principal office and registered 2 Ranaghan Lane
office
Maghera
BT46 5JZ
Co Derry
The trustees
Mr Peter McKenna
Mr Danny Gallagher
Mr Frank McKaigue
Mr Hugh McKenna
Accountants
PFS Accountants and auditors Ltd
Chartered Certified Accountants
122 Main Street
Dungiven
Co Derry
BT47 4LG
Structure, governance and management
The company was incorporated on 5 September 2002 and 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 company currently has five directors who manage it.
Objectives and activities
The objects of the Company is to promote the benefit of the inhabitants of the area of Brackaghreilly
and its environs (the "area of benefit") without distinction of sex, race or political, religious or other
opinions by associating with the statutory authorities, voluntary organisations and inhabitants in a
ommon effort to relieve povety, advance education, preserve and protect health and provide facilities
in the interests of social we5fare for recreation and other leisure time occupations with the object of
improving the conditions of life for the said inhabitants.

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2023
Achievements and perfonnance
During the year ended 30 September 2023 the company raised £2,800 from youth and drama clubs
and holding card nights. The company also received a grant from Mid Ulster Council which was
towards the costs of lighting and heating of the hall. Each year the company aims to raise enough
funds to cover its overheads.
Financial review
During the year ended 30 September 2023 the company made a net loss of £923 {2022: Loss
£1,098)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 21 June 2024 and signed on behalf of the board of
trustees by-.
Mr Peter McKenna
Trustee

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Chartered Certified Accountants Report to the Board of Trustees on the
Preparation of the Unaudited Statutory Financial Statements of Brackaghreilly
and District Community Association Limitsd
Year ended 30 September 2023
As described on the statement of financial position, the trustees of the charity are responsible for the
preparation of the financial statements for the year ended 30 September 2023, which comprise the
statement of financial activities (including income and expenditure account), statement of financial
position and the related notes.
You consider that the charity is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these financial statements in order to assist
you to fulfil your ststutory responsibilities, from the accounting records and from information and
explanations supplied to us.
PFS ACCOUNTANTS AND AUDITORS LTD
Chartered Certified Accountants
122 Main Street
Dungiven
Co Derry
BT47 4LG
21 June 2024

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 September 2023
2023
Restricted
funds Total funds Total funds
2022
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
785
785
2,800
4,800
530
2,800
Total income
2,800
785
3,585
5,330
Expenditure
Expenditure on charitable activities
Total expenditure
3,723
785
4,508
6,428
3,723
785
4,508
6,428
Net expenditure and net movement in
funds
(923)
1923)
(1,098>
Reconciliation of funds
Total funds brought foNard
Total funds carried forward
135,082
800
135,882
136,980
134,158
800
134,958
135,882
The statement of financial activities includes all gains and Sosses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 6 to 13 fonn part of these financial statements.

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Statement of Financial Position
30 September 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
13
136,866
136,937
Current assets
Cash at bank and in hand
1,197
1,473
Creditors: amounts falling due within one year
Net current liabilities
14
3,105
1,908
134,958
2,528
1,055
Total assets less current liabilities
135,882
Net assets
134,958
135,882
Funds of the charity
Restricted funds
Unrestricted funds
800
134,158
800
135,082
Total charity funds
15
134,958
135,882
For the year ending 30 September 2023 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities-.
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476-
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 21
June 2024, and are signed on behalf of the board by:
Mr Peter McKenna
Trustee
The notss on pages 6 to 13 forni part of these financial statements.

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notss to the Financial Statements
Year ended 30 September 2023
General inforniation
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is 2 Ranaghan Lane, Maghera, BT46 5JZ, Co Derry.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to Charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted fvnds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 30 September 2023
Accounting policies (continued)
Incoming resources
All incoming reSoUr￿S are included in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income-.
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the costs of a15 fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitab5e activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2023
Accounting policies (￿ntinued}
Tangible assets (Continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge ft)r impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other re¢ognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:
Fixtures and fittings
10 /v Straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash%enerating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash%enerating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2023
Accounting policies (continued)
Financial instruments {continuedJ
Vvhere investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is re¢ognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Limited by guarantee
The company has no share capital and is a company limited by guarantee.
Donations and legacies
Restricted Total Funds
Funds
2023
Restricted Total Funds
Funds
2022
Grants
MUDC
Mains Grant
785
785
4,800
4,800
4,800
785
785
4,800

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinuedJ
Year ended 30 September 2023
Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Income from youth I drama club, cards
and activity classes
2,800
2,800
530
530
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Overheads
3,723
785
4,508
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Overheads
2,428
4,000
6,428
Expenditure on charitable activities by activity type
Activities
undertaken Total funds
directly
2023
Total fund
2022
Charitable Activities
4,508
4,508
6,428
Net expenditure
Net expenditure is stated after chargingl(crediting)'.
2023
2022
Depreciation of tangible fixed assets
71
10. Independent examination fees
2023
2022
Fees payable to the independent examiner for:
Independent examination of the financial statements
528
468
11. Staff costs
The average head count of employees during the year was Nil (2022.. Nil}.
No employee received employee benefits of more than £60,000 during the year (2022: Nill.
10

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2023
12. Trustee remuneration and expenses
None of the trustees received remuneration during the year ended 30 September 2023
13. Tangible fixed assets
Freehold Fixtures and
property
fittings
Total
Cost
At 1 October 2022 and 30 September 2023
Depreciation
At 1 October 2022
Charge for the year
At 30 September 2023
Carrying amount
At 30 September 2023
At 30 September 2022
207,131
16,483
223,614
70,265
16,412
71
86,677
71
70,265
16,483
86,748
136,866
136,866
136,866
71
136,937
11

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 30 September 2023
14. Creditors: amounts falling due within one year
2023
2022
Trade creditors
Accruals and deferred income
Other creditors
2,289
576
240
1,838
450
240
3,105
2,528
15. Analysis of charitable funds
Unrestricted funds
At
30 September
2023
At 1 October
2022
Income Expenditure
General funds
135,082
2,800
(3,7231
134,158
At
30 September
2022
At 1 October
2021
Income Expenditure
General funds
136,980
530
(2,428}
135,082
12

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 30 September 2023
15. Analysis of charitable funds {continuedJ
Restricted funds
At
30 September
2023
At 1 October
2022
Income Expenditure
Restricted Fund
800
785
(785)
800
At
30 September
2022
At 1 October
2021
Income Expenditure
Restricted Fund
4,800
(4,000)
800
13