REGISTERED COMPANY NUMBER: N1621893 (Northern Ireland) REGISTERED CHARITY NUMBER: 103283 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Glor Na S eirini W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG
Glor Na S eirlni Contents of the Financial Statements for the Year Ended 31 March 2024 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 eirlni ort of the Trustees for the Year Ended 31 March 2024 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 2024. 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 positlon Total funds at 311312024 £87,899 (311312023 £83,916) Surplus for year ended 311312024 £3,983 (311312023 £1,067) 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 off ice 82 Sixtowns Road Straw Ballinascreen Co Derry BT45 7BB Trustees S A Mac Giolla Fhiondain Ms S U Cheallaigh P U Raifeartaigh C Mac Giolla Fhiondain J Derry A O, Cinnéide (resigned 15.5.23) L Doyle-Kennedy (resigned 12.5.24) D Groogan (resigned 12.5.24) S Gribben (appointed 15.5.23) C Mac Giolla Fhiondain (appointed 15.5.23) M Mieles (appointed 15.5.23) (resigned 12.5.24) M Bell (appointed 15.5.23) C Gribben (appointed 15.5.23) Page 1
Glor Na S eirini Re ort of the Trustees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary C Mac Giolla Fhiondain 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 20 January 2025 and signed on its behalf by: S A Mac Giolla Fhiondain- Trustee Page 2
Inde endent Examiner's Re Glor Na S eirinl I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages five to fifteen. ort to the Trustees of Respective responsibillties 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 independent 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 examlner'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 Northem 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 aGcounts. 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 Page 3
Inde endent Examiner's Re Glor Na S eirini ort to the Trustees of Date: Page 4
Glor Na S eirlni Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 250 250 Charitable activities Charitable Activities Youth Club Foras Na Gaeilge 16,227 33,071 5,281 44,465 49,298 5,281 44,465 28,066 4,552 55,730 Total 82,819 99,294 EXPENDITURE ON Charitable activities Charitable Activities Youth Club Foras Na Gaeilge 25,187 167 22,470 5,895 41,592 47.657 6,062 41,592 38,187 7,343 41,751 Total 25,354 69,957 95,311 87,281 NET INCOMEI(EXPENDITURE) Transfers between funds (8,879) 12,862 12,862 12,862) 3,983 1,066 14 Net movement in funds 3,983 3,983 1,066 RECONCILIATION OF FUNDS Total funds brought forward 83,916 83,916 82,850 TOTAL FUNDS CARRIED FORWARD 87,899 87,899 83,916 The notes form part of these financial statements Page 5
Glor Na S eirini Balance Sheet 31 March 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 43,850 48,893 CURRENT ASSETS Debtors Cash at bank and in hand 2,200 34.063 47,745 47,745 36,263 CREDITORS Amounts falling due within one year 10 (3,696) (1,241) NET CURRENT ASSETS 44,049 35.022 TOTAL ASSETS LESS CURRENT LIABILITIES 87,899 83,916 ACCRUALS AND DEFERRED INCOME 12 NET ASSETS 87,899 83,916 FUNDS Unrestricted funds 14 83,916 TOTAL FUNDS 87,899 83,916 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 and the preparation of accounts. The notes form part of these financial statements Page 6 continued...
Glor Na S eirini Balance Sheet - continued 31 March 2024 These financial statements have been prepared in accordance 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 20 January 2025 and were signed on its behalf by". rvLC Ib_fts,, S A Mac Giolla Fhiondain - Trustee The notes form part of these financial statements Page 7
Glor Na S eirini Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the flnancial 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 200/0 on reducing balance 20 % on reducing balance 20 % on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accountlng 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 exp5anation 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 2024 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity Charitable Activities Grants Running costs contributions Course & Classes Summer scheme Family days l Trip & outings Gaeltacht Other events Education Authority Other events Youth Club Grants 32,862 11.908 Charitable Activities Charitable Activities Charitable Activities 1,446 3.209 3,320 1,389 2,807 1.390 Charitable Activities Charitable Activities Charitable Activities Youth Club Youth Club Youth Club Foras Na Gaeilge 7,750 8,800 322 1,450 2,000 23 2,529 55,730 711 2,683 2,598 44,465 99,044 88,348 Grants received, included in the above, are as follows: 31.3.24 31.3.23 Mid Ulster District Council Foras Na Gaeilge Glor Na Gael CWSAN DAERA Rural Micro An tultach Conradh na Gaeilge Brackagh Quarry Ciste Snag Awards for All 4,925 57,715 835 7,800 55,730 750 1,272 3,000 852 2,000 86 10,000 77,327 67,638 Page 9 continued.
Glor Na S eirlni Notes to the Financial Statements - continued for the Year Ended 31 March 2024 CHARITABLE ACTIVITIES COSTS Support costs (see note 4) Charitable Activities Youth Club Foras Na Gaeilge 47,657 6,062 41,592 95,311 SUPPORT COSTS Governance costs Charitable Activities Youth Club Foras Na Gaeilge 47,657 6,062 41,592 95,311 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting)'. 31.3,24 31.3.23 Depreciation owned assets 5,043 5,862 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 10 continued.
Glor Na S eirlnl Notes to the Financial Statements - Gontinued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activities Youth Club Foras Na Gaeilge 13,359 23 14,707 4,529 55,730 28,066 4.552 55,730 Total 13,382 74,966 88,348 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 Total 18,038 69,243 87,281 NET INCOMEI(EXPENDITURE) Transfers between funds (4,656) 5,723 5,723) 1,066 Net movement in funds 1,066 1,066 RECONCILIATION OF FUNDS Total funds brought forward 82,850 82,850 TOTAL FUNDS CARRIED FORWARD 83,916 83,916 Page11 continued...
Glor Na S eirini Notes to the Financial Statements - continued for the Year Ended 31 March 2024 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Plant and machinery Computer equipment Totals COST At 1 April 2023 and 31 March 2024 28,340 16.837 3,535 16,610 65,322 DEPRECIATION At 1 April 2023 Charge for year 2,821 510 5,344 2,299 1,746 215 6.518 2.019 16,429 5.043 At 31 March 2024 3,331 7,643 1.961 8,537 21,472 NET BOOK VALUE At 31 March 2024 25,009 9,194 1,574 8,073 43,850 At 31 March 2023 25,519 11,493 1,789 10,092 48,893 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Grant debtors 2,200 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Bank loans and overdrafts (see note 11) Paye control account Accrued expenses 978 2,718 54 1,187 3,696 1,241 11. LOANS An analysis of the maturity of loans is given below: 31.3.24 31.3.23 Amounts falling due within one year on demand: Bank overdrafts Page 12 continued..
Glor Na S eirinl Notes to the Financial Statements - continued for the Year Ended 31 March 2024 12. ACCRUALS AND DEFERRED INCOME 31.3.24 31.3.23 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Fixed assets Current assets Current liabilities Accruals and deferred income (4,382) 90,590 882 809 48,232 (42,845) (4,578) 809) 43,850 47,745 (3,696) 53,041 31,157 (1.348) 87,899 87.899 83,916 14. MOVEMENT IN FUNDS Net movement in funds Transfers bebNeen funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund 83,916 (8,878) 12,861 87,899 Restrlcted funds Youth Club Foras Na Gaeilge Glor Na Gael Education Authority Mid Ulster District Council Conradh na Gaeilge Awards for All 2,599 9,870 130 247 (3,057) 18 3,054 (2,599) (9,870) (130) (247) 3,057 (18) 12,861 12,861) TOTAL FUNDS 83,916 3.983 87,899 Page 13 continued...
Glor Na S eirini Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. MOVEMENT IN FUNDS - contlnued Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 16,475 (25,353) (8.878) Restricted funds Youth Club Foras Na Gaeilge Glor Na Gael Education Authority Mid Ulster District Council Conradh na Gaeilge Oireachtas na Gaeilge An Ultach Awards for All 2,599 57,715 835 2,684 4,925 852 209 3.000 10,000 2,599 9,870 130 247 (3,057) 18 (47,845) {705) (2,437) (7,982) (834) (209) (3,000) 3,054 82,819 69,958) 12,861 TOTAL FUNDS 99,294 95,311) 3,983 Comparatives for movement In funds Net movement in funds Transfers between 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 Quary 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 14 continued...
Glor Na S eirini Notes to the Financial Statements - continued for the Year Ended 31 March 2024 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 13,381 (18,037) (4,656) Restrlcted funds Youth Club Foras Na Gaeilge Education Authority Mid Ulster District Council CWSAN DAERA An 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 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 15
Glor Na S eirini Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations 250 Charitable activities Grants Running costs contributions Course & Classes Summer scheme Family days l Trip & outings Gaeltacht Education Authority Other events Youth Club 77,327 1,446 3,209 3,320 7,750 67,638 1,389 2,807 1,390 8,800 322 2,000 1,473 2,529 2,683 711 2,598 99.044 88,348 Total Incoming resources 99,294 88,348 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 Water rates Youth club resources etc Membership Employee Pension Events Contribution to Glor costs Carried foNard 2,441 108 128 140 767 524 1.288 3.144 139 18,328 1,835 2,705 276 734 110 1.300 2,081 1,446 37,144 1.389 511 140 738 541 1,255 4,157 153 20,292 699 4,304 243 1,652 1,186 381 1,389 39,035 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 2024 31.3.24 31.3.23 Governance costs Brought forward Computers cost Telephone & Internet Courses & classes Wages Food & refreshments Tutors & Instructors Summer scheme Venue Hire Donation Magherafelt Allocation FnaG Depreciation of tangible fixed assets 37,144 79 1,345 39,035 1,273 1,622 31,676 23 4,090 2,598 60 140 902 5,862 31,676 388 14,835 2,999 100 1,352 5.043 95,311 87,281 Total resources expended 95,311 87,281 Net income 3,983 1,067 This page does not form part of the statutory financial statements Page 17