COMPANY REGISTRATION NUMBER: N1044042
CHARITY REGISTRATION NUMBER: NIC103077
Brackaghreilly and District Community Association
Limited
Company Limited by Guarantee
Unaudited Financial Statements
30 September 2024
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 2024
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
The following pages do not form part of the financlal ststements
Detailed statement of financial activities
15
Notes to the detailed statement of financial activities
16

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 30 September 2024
The trustees, who are also the directors for the purposes of company law, present thelr report and the
ynaudited financial statements of the charity for the year ended 30 September 2024.
Reference and admlnistratlve detalls
Reglstered charlty name
Brackaghreilly and District Community Association Limited
Charlty reglstratlon number
NIC103077
Company reglstratlon number N1044042
Principal offlce and reglstered 2 Ranaghan Lane
offlce
Maghera
BT46 SJZ
Co Derry
The tru8tee8
Mr Peter M¢Kenna
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.
Objectlves and actlvltles
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
common effort to relieve povety, advance education, preserve and protecl health and provide facilities
in the interests of social welfare for recreation and other leisure time occupations with the object of
improving the conditions of life for the said inhabitants.
Achlevements and performance
During the year ended 30 September 2024 the company raised £2,880 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.

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) fconllnuedj
Year ended 30 September 2024
Flnancial review
During the year ended 30 September 2024 the company made a net loss of £551 (2023.. Loss £923).
Small company provlslons
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 20 June 2025 and slgned 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 Ststements of Brackaghreilly
and District Community Association Limited
Year ended 30 September 2024
As described on the slatement of financial position. the trustees of the charity are responsible for the
preparation of the financial statements for the year ended 30 September 2024, which comprise the
statement of financial activities (including income and expendilure 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 ststements in order to asslst
you to fulfil your statutory 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
20 June 2025

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 September 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
285
285
2,880
785
2,800
3,585
2,880
Total income
2,880
285
3,165
Expendlture
Expenditure on charitable activities
Total expendlture
3,431
3,431
285
3,716
4,508
4,508
285
3,716
Net expendlture and net movement In
funds
(551)
{551)
(923}
Reconcillatlon of funds
Total funds brought forward
Total fund8 carrled forward
134,158
800
134,958
135,882
1343.607
800
134,407
134,958
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 6 to 13 form part of these financial statements.

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Statement of Financial Position
30 September 2024
2024
2023
Note
Flxed assets
Tangible fixed assets
13
136,866
136,866
Current assets
Cash at bank and in hand
659
1,197
Credltors: amounts falllng due wlthln one year
Net current Ilabllltles
14
3,118
3,105
1,908
134,958
2,459
Total assets less current Ilabllltle$
134,407
Net a8set8
134,407
134,958
Funds of the charlty
Unrestricted funds
134,407
134,958
134,958
Total charlty fund8
15
134,407
For the year ending 30 September 2024 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Dlrectors, responslbilltles..
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 appllcable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 20
June 2025, and are signed on behalf of the board by..
Mr Peter McKenna
Trustee
EL M. y£￿vL>￿-
The notss on pages 6 to 13 form part of these financial statements.

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 September 2024
General Information
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 compllance
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.
Accountlng pollcles
Basls of preparatlon
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.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estlmatlon uncertalnty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounls 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 accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds 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 Ststements (contlnued)
Year ended 30 September 2024
Accountlng pollcles fcontlnued)
Incomlng resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charily. 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 lo 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 all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable 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
charily 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 activily. Shared costs are apportioned
belween the activities they contribute to on a reasonable, justifiable and consistent basis.
Tanglble 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 {¢ontlnued)
Year ended 30 September 2024
Accounting pollcles fcontlnuod)
Tangible assets fcontlnu•d)
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 for 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 recognised gains and losses on the statement of financial activities.
Depreclatlon
Depreclation 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:
100/0 Straight line
Fixtures and fittings
Impalrment of flxed asset8
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Ihlhere 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 recoverabl8
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generales cash inflows that largely
independent of the cash inflows from olher 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-generating 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.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party 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 {contlnued)
Year ended 30 September 2024
Accountlng policles (contlnuedj
Flnanclal Instruments (contlnued)
Where 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.
Flnancial 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 recognised 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 indivldually or grouped on the basis of similar credit risk character Istics.
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.
Llmlted by guarantee
The company has no share capltal and is a company limited by guarantee.
Donatlons and legacles
Restricted Total Funds
Funds
2024
Restricted Total Funds
Funds
2023
Grants
MUDC
285
285
785
785
285
285
785
785

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Ststements {contlnued)
Year ended 30 September 2024
Charltable activltles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Income from youth I drama clubs and
activity classes
2,880
2,880
2,800
2,800
Expendlture on charltable act5vltles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Overheads
3,431
285
3,716
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Overheads
3,723
785
4,508
Expendlture on charltable a¢tlvltle8 by actlvlty type
Activities
undertaken Total funds
directly
2024
Total fund
2023
Charitable activies
3,716
3,716
4,508
Net expendlture
Net expenditure is stated after chargingl{crediting):
2024
2023
Depreciation of tangible fixed assets
71
10. Independent examlnatlon fees
2024
2023
Fees payable to the Independent examiner for:
Independent examination of the financial statements
589
528
10

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 30 September 2024
11. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year {2023'. Nil).
12. Trustee romuneratlon and expense8
None of the trustees received remuneration during the year ended 30 September 2024
13. Tanglble flxed assets
Freehold Fixtures and
propety
fittings
Total
Cost
At l October 2023 and 30 September 2024
Depreclatlon
At 1 October 2023 and 30 September 2024
Carrylng amount
At 30 September 2024
At 30 September 2023
207,131
16,483
223,614
70,265
16,483
86,748
136,866
136,866
136,866
136,866
14. Credltors: amounts falllng due wlthln one year
2024
2023
Trade creditors
Accruals and deferred income
Other creditors
2,289
589
240
2,289
576
240
3,118
3,105

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Ststsments (contlnuod)
Year ended 30 September 2024
15. Analysls of charltable funds
Unrestrlcted funds
At
1 October
2023
At
30 September
2024
Income
Expendllure
General funds
134,958
2,880
(3,431)
134,407
At
1 October 20
22
At
30 Septembe
r 2023
Income Expenditure
General funds
135,881
2,800
(3,723)
134,958
12

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 30 September 2024
15. Analysis of charltable funds (contlnued)
Restrlcted funds
At
1 October
2023
At
30 Sèptember
2024
Income
Expendilure
Restricted Fund 1- desc in alcs
285
(285)
At
1 Oclober
2022
Al
30 September
2023
Income
Expendllure
Restricted Fund 1- desc in alcs
785
(785)
13

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Management Information
Year ended 30 September 2024
The followlng pages do not fomi part of the flnanclal statements.
14

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Detailed Ststement of Financial Activities
Year ended 30 September 2024
2024
2023
Income and endowments
Ponatlons and legacles
MUDC
285
785
285
785
Charltable actlvltles
Income from youth I drama clubs, cards and activity classes
2,880
2,800
Total Income
3,165
3,585
Expendlturo
Expendlture on charltable actlvltle8
Rates and water
Light and heat
Insurance
Other office costs
Depreciation
Accountancy
Bank Charges
386
829
1,652
113
366
1,632
1,572
19
71
715
133
602
134
3,716
4,508
Total expendlture
3,716
4,508
Net expendlture
(551)
(923)
15

Brackaghreilly and District Community Association Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 30 September 2024
2024
2023
Expendlture on charitable actlvltles
Actlvlty type 1
Actlvltles undertaken dlrectly
Rrates & water
Light & heat
Insurance
Other office costs
Depreciation
Accountancy
Bank charges
386
829
1,652
113
366
1,632
1,572
19
71
715
133
602
134
3.716
4,508
Èxpendlture on charltable actlvltles
3,716
4,508
16