GLENSHANE COMMUNITY DEVELOPMENT LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legacies Investment income Other income 38,255 239,494 46.067 11.837 50,092 239,494 46,067 47,213 197,119 Total income 323,816 11.837 335,653 244,332 Expendlture Expenditure on raising funds.. Costs of raising donations and legacies Expenditure on charitable activities Other expenditure Total expenditure 39,732 110.184 233 39,732 124,253 233 33,784 120,744 230 9.10 11 14,069 150,149 14,069 164,218 154,758 Net income and net movement in funds 173,667 {2,232) 171,435 89,574 Reconciliatlon of funds Total funds brought forward Total funds carrled forward 3,309,436 257,008 3,566,444 3,476,870 3,483,103 254.776 3,737,879 3,566,444 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 11 to 19 fomi part of these financial statements.
GLENSHANE COMMUNITY DEVELOPMENT LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023 2023 2022 Note FIXED ASSETS Tangible fixed assets 15 3,118,304 3,121,861 CURRENT ASSETS Debtors Cash at bank and in hand 16 21,706 623,906 13,211 456,737 645,612 469.948 CREDITORS: amounts falling due within one year NET CURRENT ASSETS 17 26,037 25,365 619,575 444.583 TOTAL ASSETS LESS CURRENT LIABILITIES 3,737,879 3,566,444 NET ASSETS 3,737,879 3,566.444 FUNDS OF THE CHARITY Restricted funds Unrestricted funds 254,776 3,483,103 257,008 3,309.436 Total charity funds 20 3,737,879 3,566,444 These financial statements were approved by the board of trustees and authorised for issue on 26 September 2024, and are signed on behalf of the board by: Mrs M McNicholl Trustee Mr A Farren Trustee Company registration number: N1023150 The notes on pages 11 to 19 fomi part of these financial statements.
GLENSHANE COMMUNITY DEVELOPMENT LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 DECEMBER 2023 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Net income 171.436 89,575 Adjustments for." Depreciation of tangible fixed assets Dividends, interest and rents from investments Other interest receivable and similar income Gains on disposal of tangible fixed assets Accrued income 11,210 (233,697) {5,7971 (46,067) 10,703 (196,148) (971) (3,284) Changes in.. Trade and other debtors Trade and other creditors (8.497) 672 4.071 2.504 Cash generated from operations (110.740) (93,550) Interest received 5,797 971 Net cash used in operating activities (104,943) {92,579) CASH FLOWS FROM INVESTING ACTMTIES Dividends, interest and rents from investments Purchase of tangible assets Proceeds from sale of tangible assets Net cash from investing activities 233,697 (11,586) 3,933 196,148 (14,016) 226,044 182.132 NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 121,101 456,737 89,553 367.185 CASH AND CASH EQUIVALENTS AT END OF YEAR 577,838 456,738 The notes on pages 11 to 19 fomi part of these financial statements. 10-
GLENSHANE COMMUNITY DEVELOPMENT LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 General infonnation 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 Glenshane House. 112-114 Main Street. Dungiven. Co Derry. BT47 4LG. N Ireland. 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. 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 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. 11