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