COMPANY REGISTRATION NUMBER: N135768
CHARiff REGISTRATION NUMBER: NIC103094
Benedy Community Association Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025
PFS ACCOUNTANTS AND AUDITORS LTD
Chartered Certified Accountants
122 Main Street
Dungiven
Co Derry
BT47 4LG

Benedy Community Association Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the Trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

Benedy Community Association Limited
Company Limitsd by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report)
Year ended 31 March 2025
The Trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Registered charity name
Benedy Community Association Limited
Charity registration number
NIC103094
Company registration number N135768
Principal office and registered 72 Corrick Road
office
Dungiven
Co Dery
BT47 4SG
The directors
Cormac M¢Closkey
Sabina O'Kane
Sean O'Kane
Independent examiner
PFS Accountants and Auditors Ltd
122 Main Street
Dungiven
Co Derry
BT47 4LG
Structure, governance and management
Benedy Community Association Limited is a company limited by guarantee and accepted as charitable
by HMRC. The company was incorporated on 5 March 1999.The company was established under
Memorandum of Association which established the objects and powers of the company and is
governed by its Articles of Association. The board consists of the three directors.
Objectives and activities
Benedy Community Association's purpose is to help relieve povety, sickness and the aged and to
promote the benefit of the inhabitants of the Benedy area of Co. Derry and its environs (hereinafter
described as "the area of benefit") without distinction of age, sex, race, political, religious or other
opinion, by associating the statutory authorities, voluntary organisations and inhabitants in a common
effort to advance education, and to provide facilities in the interests of social welfare for recreation or
other leisure-time occupation, with the object of improving the conditions of life for the said inhabitants.
Financial review
During the year the company made a net loss of £2,544, this is shown on page 5 to the accounts.

Benedy Community Association Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
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 30 July 2025 and signed on behalf of the board of
trustees by:
Sabina O'Kane

Benedy Community Association Limited
Company Limitsd by Guarantee
Independent Examiner's Report to the S of Benedy Community Association
Limited
Year ended 31 March 2025
I report to the Trustees on my examination of the financial statements of Benedy Community
Association Limited ('the charity,) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the company {and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of
Charities Act (Northern Ireland) 2008 (the '2008 Act'} and the Companies Act 20061'the 2006 Act,).
You are satisfied that the accounts of the company are not required by charity or company law to be
audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my
examination I have followed the general Directions given by the Charity Commission for Northern
Ireland under section 65(9)Ib} of the 2008 Act.
Independent examinerfs ststement
I have completed my examination. I confirm that no matters have come to my attention in connection
with my examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act; or
the financial statements do not accord with those records. or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'true and fair, view which
is not a matter considered as part of an independent examination., or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).

Benedy Community Association Limited
Company Limited by Guarantee
Independent Examiner's Report to the S of Benedy Community Association
Limited (continued)
Year ended 31 March 2025
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
PFS Accountants and Auditors Ltd
Independent Examiner
122 Main Street
Dungiven
Co Derry
BT47 4LG
30 July 2025

Benedy Community Association Limited
Company Limited by Guarantee
Statement of Financial Activities
{including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds Total funds Total fvnds
2024
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Investment income
Other income
22,598
58
16,575
39,173
58
50,187
34
382
Total income
22,656
16,575
39,231
50,603
Expenditure
Expenditure on charitable activities
Other expenditure
Total expenditure
22,232
2,000
17,543
39,775
2,000
53,708
2,200
10
24,232
17,543
41,775
55,908
Net expenditure and net movement in
funds
(1,576)
(968)
(2,544)
15,305)
Reconciliation of funds
Total funds brought fomard
Total funds Carried forward
19,575
17,999
62,214
81,789
87,094
81,789
61,246
79,245
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 7 to 15 forni part of these financial statements.

Benedy Community Association Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
15
53,735
62,208
Current assets
Cash at bank and in hand
26,459
20,674
Creditors: amounts falling due within one year
Net current assets
16
949
1,093
25,510
19,581
Total assets less current liabilities
79,245
81,789
Net assets
79,245
81,789
Funds of the charity
Restricted funds
Unrestricted funds
61,246
17,999
62,214
19,575
81,789
Total charity funds
17
79,245
For the year ending 31 March 2025 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 ststements.
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 30
July 2025, and are signed on behalf of the board by:
Sabina O'Kane
The notes on pages 7 to 15 forni part of these financial statements.

Benedy Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
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 72 Corrick Road, Dungiven, Co Derry, BT47 4SG.
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 Practi￿ 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 expectstions 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 fvrther any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular fvture 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 sub-classes.. restricted income funds or
endowment funds.

Benedy Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accounting policies {continuedJ
Incoming resources
All incoming resources 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 retumed 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
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributsble 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.

Benedy Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accounting policies (continued)
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 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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic 5ife of that asset as follows..
Freehold propety
Fixtures and fittings
50/0 Straight line
10 % straight line
Impaim)ent 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
ash%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-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.
Financial 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.

Benedy Community Association Limited
Company Limited by Guarantse
Notes to the Financial Statsments (continued)
Year ended 31 March 2025
Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are pub5icly 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. A51 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 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 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 impaiment not previously been recognised.
Limited by guarantee
The company has no share capital and is a company limited by guarantee.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Donations
Fundraising events & donation
Hire of centre
Recycling project
Yoga and Luncheon club
Donations
13,862
3,820
194
4,552
170
13,862
3,820
194
4,552
170
10

Benedy Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Donations and legacies l¢ontinuedJ
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Grants
Causeway Coast & Glens Borough Council
Foyle Foundation
Halifax
COAST
Awards for all
Dungiven parish
SSE Windmill farm
Evishgarran & Craigmore
1,875
5,000
4,500
200
1,875
5,000
4,500
200
1,000
1,000
4,000
16,575
4,000
22,598
39,173
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Fundraising events & donation
Hire of centre
Receycling project
Yoga and Luncheon club
Donations
18,071
3,337
112
4,352
790
18,071
3,337
112
4,352
790
Grants
Causeway Coast & Glens Borough Council
Foyle Foundation
Halifax
COAST
Awards for all
Dungiven parish
SSE Windmill farm
Evishgarran & Craigmore
2,800
2,800
3,825
400
10,000
500
2,000
4,000
3,825
400
10,000
500
2,000
4,000
26,662
23,525
50,187
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Bank interest receivable
58
34
34
11

Benedy Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Other income
382
382
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Direct Charitable Expenditure
22,232
17,543
39,775
22,232
17,543
39,775
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Direct Charitable Expenditure
30,037
23,671
53,708
30,037
23,671
53,708
Expenditure on charitable activities by activity type
Activities
undertaken
directly
Support Total funds
costs
2025
Total fund
2024
Activity type 1
Governance costs
10,958
10,958
28,817
9,934
43,774
28,817
10,958
28,817
39,775
53,708
10. Other expenditure
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Other expenditure - charitable
donation Glenshane Care Association
2,000
2,200
2,200
12

Benedy Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
11. Net expenditure
Net expenditure is stated after chargingl{crediting)'.
2025
2024
Depreciation of tangible fixed assets
8,473
11,611
12. Independent examination fees
2025
2024
Fees payable to the independent examiner for:
Independent examination of the financial statements
781
1,259
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2025
2024
Wages and salaries
7,035
4,212
The average head count of employees during the year was I￿0 (2024.. 1).
No employee re￿iVed employee benefits of more than £60,000 during the year (2024.. Nil).
14. Trustee remuneration and expenses
None of the trustees received remuneration during the year ended 31 March 2018.
15. Tangible fixed assets
Freehold Fixtures and
propety
fittings
Total
Cost
At 1 April 2024 and 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
357,220
24,793
382,013
296,831
7,519
22,974
954
319,805
8,473
304,350
23,928
328,278
Carrying amount
At 31 March 2025
52,870
865
53,735
62,208
At 31 March 2024
60,389
1,819
13

Benedy Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
16. Creditors: amounts falling due within one year
2025
2024
Accruals and deferred income
949
1,093
14

Benedy Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements Icontinued)
Year ended 31 March 2025
17. Analysis of charitable funds
Unrestricted funds
At
31 March 20
25
At
1 April 2024
Sncome Expenditure
General funds
19,575
22,656
24,232
17,999
At
31 March 20
24
At
1 April 2023
Income Expenditure
General funds
24,734
27,078
(32,237)
19,575
Restricted funds
At
31 March 20
25
At
1 April 2024
Income Expenditure
Restricted Fund
62,214
16,575
17,543
61,246
At
31 March 20
24
At
1 April 2023
Income Expenditure
Restricted Fund
62,360
23,525
(23,671)
62,214
15