REGISTERED COMPANY NUMBER: N1621893 (Northern Ireland) REGISTERED CHARITY NUMBER: 103283 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023 for Glor na S eirlni W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG
Glor na S eirini Contents of the Financial Statements for the Year Ended 31 March 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 15 Detailed Statement of Financial Activities 16 to 17
Glor na S eirinl Re ort of the Trustees for the Year Ended 31 March 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019). FINANCIAL REVIEW Financial position Total funds at 311312023 £83,916 (311312022 £82,850) Surplus for year ended 311312023 £1,067 (311312022 £15,926) Reserves policy There is no reserves policy. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1621893 (Northern Ireland) Registered Charity number 103283 Registered office 82 Sixtowns Road Straw Ballinascreen Co Derry BT45 7BB Trustees S A Mac Giolla Fhiondain Ms S Ui Cheallaigh P Ui Raifeartaigh C Mac Giolla Fhiondain J Deery M Gallagher (resigned 14.5.22) A O, Cinnéide (resigned 15.5.23) L Doyle-Kennedy D Groogan Michelle Bell (appointed 15.5.23) Cathaoir Gribben (appointed 15.5.23) Setanta Gribben (appointed 15.5.23) Caoilte Mac Giolla Fhiondain (appointed 15.5.2023) Jermaine Mieles (appointed 15.5.2023) Company Secretary C Mac Giolla Fhiondain Page 1
Glor na S eirini Re ort of the Trustees for the Year Ended 31 March 2023 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Approved by order of the board of trustees on 11 December 2023 and signed on its behalf by: . "IL•a- S A Mac Giolla Fhiondain - Trustee Page 2
Inde endent Examiner's Re Glor na S eirini I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages five to fifteen. ort to the Trustees of Respective responsibllities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, it is my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act 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 accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, 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 accounting records were not kept in accordance with section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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 That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I 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, I have found no matters that require drawing to your attention. W McGillian W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Date.. Is Page 3
Glor na S eirinl Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 Total funds Unrestricted Restricted funds funds 31.3.22 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activities Youth Club Foras Na Gaeilge 60 13,359 23 14,707 4,529 55,730 28,066 4,552 55,730 38,282 3,821 49,910 Total 13,382 74,966 88,348 92,074 EXPENDITURE ON Charitable activities Charitable Activities Youth Club Foras na Gaeilge 17,991 47 20,196 7,296 41,751 38,187 7,343 41,751 28.437 5,145 42,566 Total 18,038 69,243 87,281 76,148 NET INCOMEI(EXPENDITURE) Transfers between funds (4,656) 5,723 1,067 15,926 14 5,723 Net movement in funds 1,066 1,066 15,926 RECONCILIATION OF FUNDS Total funds brought forward 82,850 82.850 66,924 TOTAL FUNDS CARRIED FORWARD 83,916 83,916 82,850 The notes form part of these financial statements Page 5
Glor na S eirini Balance Sheet 31 March 2023 31.3.23 31.3.22 Notes FIXED ASSETS Tangible assets 48.893 53,041 CURRENT ASSETS Debtors Cash at bank and in hand 2,200 34,063 5,440 25,717 36,263 31,157 CREDITORS Amounts falling due within one year 10 (1,241) (1.348) NET CURRENT ASSETS 35,022 29,809 TOTAL ASSETS LESS CURRENT LIABILITIES 83.916 82,850 ACCRUALS AND DEFERRED INCOME 12 NET ASSETS 83,916 82,850 FUNDS Unrestricted funds 14 83,916 82,850 TOTAL FUNDS 83,916 82,850 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) Complying with the requirements of the Act with respect to the accounting records that and the preparation of accounts The notes form part of these financial statements Page 6 continued..
Glor na S eiri ni Balance Sheet - continued 31 March 2023 These financial statements have been prepared in accordan with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 11 December 2023 and were signed on its behalf by.. S A Mac Giolla Fhiondain Trustee The notes form part of these financial statements Page 7
Glor na S eirlni Notes to the Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Fixtures and fittings Computer equipment 20 % on reducing balance 20 % on reducing balance 20 % on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Grants receivable Grants receivable including capital grants are accounted for under the Performance Model FRS 102. Page 8 continued...
Glor na S eirini Notes to the Financial Statements - continued for the Year Ended 31 March 2023 INCOME FROM CHARITABLE ACTIVITIES 31.3.23 31.3.22 Activity Charitable Activities Grants Prize money Glor na nGael Running costs contributions Course & Classes Summer scheme Family days / Trip & outings Gaeltacht Other events Education Authority Other events Youth Club Grants 11,908 25,405 Charitable Activities 8,446 Charitable Activities Charitable Activities Charitable Activities 1,389 2,807 1,390 1,921 1,620 725 Charitable Activities Charitable Activities Charitable Activities Youth Club Youth Club Youth Club Foras na Gaeilge 8,800 322 1,450 2,000 23 2,529 55,730 165 3,000 821 49,910 88,348 92,013 Grants received, included in the above, are as follows: 31.3.23 31.3.22 Mid Ulster District Council Education Authority Foras na Gaeilge Dept of Communities Irish Language CWSAN DAERA Rural Micro Conradh na Gaeilge Brackagh Quarry Dept of Communities Capital Ciste Snag 7,800 7,200 4,498 49,910 1,875 55,730 750 1,272 1,047 3,117 2,000 7,607 61 86 67,638 75,315 Page 9 continued...
Glor na S eirini Notes to the Financial Statements - continued for the Year Ended 31 March 2023 CHARITABLE ACTIVITIES COSTS Support costs (see note 4) Charitable Activities Youth Club Foras na Gaeilge 38,187 7,343 41,751 87,281 SUPPORT COSTS Governance costs Charitable Activities Youth Club Foras na Gaeilge 38,187 7,343 41,751 87,281 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after charging/(crediting): 31.3.23 31.3.22 Depreciation owned assets 5,862 5,020 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. Page 10 continued.
Glor na S eirlnl Notes to the Financial Statements - continued for the Year Ended 31 March 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 60 60 Charitable activities Charitable Activities Youth Club Foras na Gaeilge 4,492 33,790 3,816 49.910 38,282 3.821 49,910 Total 4,556 87,518 92,074 EXPENDITURE ON Charitable activities Charitable Activities Youth Club Foras na Gaeilge 9,767 385 18,670 4,760 42,566 28,437 5,145 42,566 Total 10,152 65,996 76.148 NET INCOMEI{EXPENDITURE) (5,596) 21,522 15,926 Transfers between funds 23,914 23,914) Net movement in funds 18,318 (2,395) 15.926 RECONCILIATION OF FUNDS Total funds brought fonvard 64,529 2,395 66,924 TOTAL FUNDS CARRIED FORWARD 82.850 82,850 Page11 continued...
Glor na S eirini Notes to the Financial Statements - continued for the Year Ended 31 March 2023 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Plant and machinery Computer equipment Totals COST At 1 April 2022 Additions 28.340 15.340 1,497 3,318 217 16.610 63.608 1,714 At 31 March 2023 28,340 16,837 3,535 16,610 65,322 DEPRECIATION At 1 April 2022 Charge for year 2,300 521 2,751 2,593 1,521 225 3,995 2,523 10,567 5,862 At 31 March 2023 2,821 5,344 1,746 6,518 16,429 NET BOOK VALUE At 31 March 2023 25,519 11,493 1,789 10,092 48,893 At 31 March 2022 26,040 12,589 1,797 12,615 53,041 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Grant debtors Wages overpaid 2,200 5,368 72 2,200 5,440 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Trade creditors Paye Gontrol account Accrued expenses 50 1,296 1,184 1,241 1,348 Page 12 continued...
GSOr na S eirini Notes to the Financial Statements - continued for the Year Ended 31 March 2023 11. LOANS An analysis of the maturity of loans is given below: 31.3.23 31.3.22 Amounts falling due within one year on demand: Bank overdrafts 12. ACCRUALS AND DEFERRED INCOME 31.3.23 31.3.22 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted funds funds Fixed assets Current assets Current liabi lities Accruals and deferred income 661 80,030 3.225 48,232 {43,767) (4,466) 48,893 36,263 11,241) 53,041 31,157 {1,348) 83,916 83,916 82,850 14. MOVEMENT IN FUNDS Net movement in funds Transfers beeen funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 82,850 (4,656) 5,722 83,916 Restricted funds Youth Club Foras na Gaeilge Mid Ulster District Council DAERA Brackagh Quarry 2,483 (1.468) 3,389 1,272 47 {2,483) 1,468 (3,389) (1,272) 5,723 TOTAL FUNDS 82.850 1,067 83,916 Page 13 continued...
Glor na S eirini Notes to the Financial Statements - continued for the Year Ended 31 March 2023 14. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 13,381 {18,037) (4,656) Restricted funds Youth Club Foras na Gaeilge Education Authority Mid Ulster District Council CWSAN DAERA Ciste Infheistiochta Gaeilge Brackagh Quarry 2,529 55,730 1,999 10,600 750 1,272 86 2,001 (46) (57,198) (1,999> (7,211) (750) 2,483 (1,468) 3,389 1,272 (86) 1,954) 47 74,967 69,244) 5,723 TOTAL FUNDS 88,348 87,281) 1,067 Comparatlves for movement in funds Net movement in funds Transfers between funds At 31.3.22 At 1.4.21 Unrestricted funds General fLJnd 64,529 (5,593) 23,914 82,850 Restricted funds YoLJth Club Foras na Gaeilge Glor na nGael Education Authority Mid Ulster District Council Conradh na Gaeilge DAERA Dept of Communities Capital 995 816 4,043 1,280 3,000 818 2,908 1,047 7,607 (1,811) {4,043) (1,280) (3,000) (2,218) (2,908) (1,047) 1,400 2,395 21,519 23,914) TOTAL FUNDS 66,924 15,926 82,850 Page 14 continued...
Glor na S eirini Notes to the Financial Statements - continued for the Year Ended 31 March 2023 14. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 4,556 (10,149) (5,593) Restricted funds Youth Club Foras na Gaeilge Glor na nGael Dept of Communities Irish Language Education Authority Mid Ulster District Council Conradh na Gaeilge DAERA Dept of Communities Capital 816 49,910 8,447 816 4,043 1,280 (45,867) (7,167) 1,875 7,499 7,200 3,117 1,047 7,607 (1,875) (4,499) (6,382> {209) 3,000 818 2,908 1,047 7,607 87,518 65,999) 21,519 TOTAL FUNDS 92,074 76,148) 15,926 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2023. Page 15
Glor na S eirini Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 INCOME AND ENDOWMENTS Donations and legacies Donations 60 60 Charitable activities Grants Prize money Glor na nGael Running costs contributions Course & Classes Summer scheme Family days l Trip & outings Gaeltacht Education Authority Other events Youth Club 67,638 75,315 8,446 1,921 1,620 725 1,389 2,807 1,390 8,800 322 2,000 1,473 2,529 3,000 165 821 88,348 92,013 Total incoming resources 88,348 92,074 EXPENDITURE Support costs Governance costs Accountancy fees Cleaning Repairs & Maintenance Fire I Security Protection Staff travel costs Bank charges Insurance Heating & Electricity Stationery & office equipment Trips, Outings & Activities Class & activities resources Youth Club Wages Sundry Water rates Carried forward 1,389 1,873 511 140 738 541 1,255 4,157 153 20,292 699 4,304 600 1,182 197 419 1,150 3,589 18 3,074 1,396 1,915 69 208 15,690 243 34,427 This page does not form part of the statutory financial statements Page 16
Glor na S eirini Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 Governance costs Brought forward Youth club resources etc Membership Employee Pension Events Contribution to Glor costs Computers cost Telephone & Internet Courses & classes Wages Food & refreshments Training costs Tutors & Instructors Summer scheme Venue Hire Donation Magherafelt Allocation FnaG Health & Safety Promotional videos Conradh na Gaeilge Contribution Depreciation of tangible fixed assets 34,427 1,652 15,690 1,621 20 1,032 5,406 1,921 295 1,030 790 27,041 284 320 8,065 1,482 1,186 381 1,389 1,273 1,622 31.676 23 4,090 2,598 60 140 902 5,113 218 600 200 5,020 5,862 87,281 76,148 Total resources expended 87,281 76,148 Net income 1,067 15,926 This page does not form part of the statutory financial statements Page 17