Registration number NI618886 

- GLOR NA MONA TEO 

- Company limited by guarantee 

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## GLOR NA MONA TEO 

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GLOR NA MONA TEO Notes to the financial statements for the year ended 31 March 2025 seesieeeteeeseeeeeee CONTINUE ** 1.5. Resources expended All expenditure is accounted for on an accruals basis. 

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�,- Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net .//�&01&"'$#%2&�$3�4  !%"#&'�5!2�!"�4"�4  2%4/3�643$3 of depreciation and any impairment losses. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its 701&"'$#%2&�$3�2& !8"$3&'�9:&2&�#:&2&�$3�4�/&84/�!2� !"3#2% #$;&�!6/$84#$!"�#!�<4=&�14><&"#3�#!�#:$2' expected useful life, as follows: 142#$&3?�$#�$3�12!646/&�#:4#�#:&�3&##/&<&"#�9$//�6&�2&@%$2&'?�4"'�#:&�4<!%"#�!5�#:&�!6/$84#$!"� 4"�6& <&43%2&'�2&/$46/> G Land and buildings - 50 years straight line G Buildings Refurbishment - — 10 years straight line )B�,�


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 Fixtures, fittings C4"8$6/&�5$0&'�433&#3�42&�$"$#$4//>�<&43%2&'�4#� !3#�4"'�3%63&@%&"#/>�<&43%2&'�4#� !3#�!2�;4/%4#$!"?�"&#G and equipment - 15% on cost !5�'&12& $4#$!"�4"'�4">�$<14$2<&"#�/!33&3 D&12& $4#$!"�$3�12!;$'&'�4#�24#&3� 4/ %/4#&'�#!�92$#&�!55�#:&� !3#�/&33�2&3$'%4/�;4/%&�!5�&4 :�433&#�!;&2�$#3 The gain or loss arising on the disposal of an asset is determined as the difference between the sale &01& #&'�%3&5%/�/$5&?�43�5!//!93E proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. *O* 1.7. F4"'�4"'�6%$/'$"83 Impairment of fixed assets HI�>&423�3#24$8:#�/$"& J%$/'$"83�K&5%26$3:<&"# At each reporting end date, the charity LI�>&423�3#24$8:#�/$"& reviews the carrying amounts of its tangible assets to determine M$0#%2&3?�5$##$"83 whether there is any indication that those assets have suffered an impairment loss. If any such indication 4"'�&@%$1<&"# exists, the recoverable amount of LHN�!"� !3# the asset is estimated in order to determine the extent of the impairment loss (if any). C:&�84$"�!2�/!33�42$3$"8�!"�#:&�'$31!34/�!5�4"�433&#�$3�'&#&2<$"&'�43�#:&�'$55&2&" &�6&#9&&"�#:&�34/& *T* 1.8. 12! &&'3�4"'�#:&� 422>$"8�;4/%&�!5�#:&�433&#?�4"'�$3�2& !8"$3&'�$"�#:&�3#4#&<&"#�!5�5$"4" $4/�4 #$;$#$&3 Cash at bank and in hand Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term P-�
�,� liquid investments with original maturities of three months or less, and bank overdrafts. Bank .#�&4 :�2&1!2#$"8�&"'�'4#&?�#:&� :42$#>�2&;$&93�#:&� 422>$"8�4<!%"#3�!5�$#3�#4"8$6/&�433&#3�#!�'&#&2<$"& overdrafts are shown within borrowings in current liabilities. 9:&#:&2�#:&2&�$3�4">�$"'$ 4#$!"�#:4#�#:!3&�433&#3�:4;&�3%55&2&'�4"�$<14$2<&"#�/!33�Q5�4">�3% :�$"'$ 4#$!" &0$3#3?�#:&�2& !;&246/&�4<!%"#�!5�#:&�433&#�$3�&3#$<4#&'�$"�!2'&2�#!�'&#&2<$"&�#:&�&0#&"#�!5�#:& $<14$2<&"#�/!33�R$5�4">S U
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GLOR NA MONA TEO Notes to the financial statements for the year ended 31 March 2025 seesieeeteeeseeeeeee CONTINUE *+* 1.9. Financial Instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments 

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. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. /0&� 012$#3�014�&5& #&'�#!�16653�#0&�62!7$4$!"4�!8�9& #$!"�::�;<14$ �=$"1" $15�>"4#2%?&"#4@�1"'�9& #$!" :A�;B#0&2�=$"1" $15�>"4#2%?&"#4�>44%&4@�!8�=C9�:DA�#!�155�!8�$#4�8$"1" $15�$"4#2%?&"#4� Basic financial assets =$"1" $15�$"4#2%?&"#4�12&�2& !E"$4&'�$"�#0&� 012$#3F4�G151" &�40&&#�H0&"�#0&� 012$#3�G& !?&4�612#3�#! #0&� !"#21 #%15�62!7$4$!"4�!8�#0&�$"4#2%?&"# Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the =$"1" $15�144&#4�1"'�5$1G$5$#$&4�12&�!884&#I�H$#0�#0&�"&#�1?!%"#4�62&4&"#&'�$"�#0&�8$"1" $15�4#1#&?&"#4I effective interest method unless the arrangement constitutes a financing transaction, where the H0&"�#0&2&�$4�1�5&E1553�&"8!2 &1G5&�2$E0#�#!�4&#�!88�#0&�2& !E"$4&'�1?!%"#4�1"'�#0&2&�$4�1"�$"#&"#$!"�#! transaction is measured at the present value of the future receipts discounted at a market rate of interest. 4&##5&�!"�1�"&#�G14$4�!2�#!�2&15$4&�#0&�144&#�1"'�4&##5&�#0&�5$1G$5$#3�4$?%5#1"&!%453 Financial assets classified as receivable within one year are not amortised. Basic financial liabilities J
�� Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price <14$ �8$"1" $15�144&#4I�H0$ 0�$" 5%'&�'&G#!24�1"'� 140�1"'�G1"K�G151" &4I�12&�$"$#$1553�?&14%2&'�1# unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the #21"41 #$!"�62$ &�$" 5%'$"E�#21"41 #$!"� !4#4�1"'�12&�4%G4&L%&"#53� 122$&'�1#�1?!2#$4&'� !4#�%4$"E�#0& present value of the future payments discounted at a market rate of interest. Financial liabilities &88& #$7&�$"#&2&4#�?&#0!'�%"5&44�#0&�1221"E&?&"#� !"4#$#%#&4�1�8$"1" $"E�#21"41 #$!"I�H0&2&�#0& classified as payable within one year are not amortised. #21"41 #$!"�$4�?&14%2&'�1#�#0&�62&4&"#�715%&�!8�#0&�8%#%2&�2& &$6#4�'$4 !%"#&'�1#�1�?12K&#�21#&�!8�$"#&2&4# =$"1" $15�144&#4� 5144$8$&'�14�2& &$71G5&�H$#0$"�!"&�3&12�12&�"!#�1?!2#$4&' Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. J
��M Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is <14$ �8$"1" $15�5$1G$5$#$&4I�$" 5%'$"E� 2&'$#!24�1"'�G1"K�5!1"4�12&�$"$#$1553�2& !E"$4&'�1#�#21"41 #$!"�62$ & due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are %"5&44�#0&�1221"E&?&"#� !"4#$#%#&4�1�8$"1" $"E�#21"41 #$!"I�H0&2&�#0&�'&G#�$"4#2%?&"#�$4�?&14%2&'�1#�#0& recognised initially and subsequently at transaction price. 62&4&"#�715%&�!8�#0&�8%#%2&�613?&"#4�'$4 !%"#&'�1#�1�?12K&#�21#&�!8�$"#&2&4#�=$"1" $15�5$1G$5$#$&4 5144$8$&'�14�6131G5&�H$#0$"�!"&�3&12�12&�"!#�1?!2#$4&' **Q
 1.10. Taxation N&G#�$"4#2%?&"#4�12&�4%G4&L%&"#53� 122$&'�1#�1?!2#$4&'� !4#I�%4$"E�#0&�&88& #$7&�$"#&2&4#�21#&�?&#0!' The charity is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is /21'&� 2&'$#!24�12&�!G5$E1#$!"4�#!�613�8!2�E!!'4�!2�4&27$ &4�#01#�017&�G&&"�1 L%$2&'�$"�#0&�!2'$"123 considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets !%24&�!8�!6&21#$!"4�82!?�4%665$&24�O?!%"#4�6131G5&�12&� 5144$8$&'�14� %22&"#�5$1G$5$#$&4�$8�613?&"#�$4 the definition of a charitable company for UK corporation tax purposes. '%&�H$#0$"�!"&�3&12�!2�5&44�>8�"!#I�#0&3�12&�62&4&"#&'�14�"!"P %22&"#�5$1G$5$#$&4�/21'&� 2&'$#!24�12& 1.11. 2& !E"$4&'�$"$#$1553�1"'�4%G4&L%&"#53�1#�#21"41 #$!"�62$ & Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. /0&� 012$#3�$4�1"�&R&?6#� 012$#3�H$#0$"�#0&�?&1"$"E�!8�9 0&'%5&�S�!8�#0&�T012$#$&4�O #�AD::�1"'�$4 Termination benefits are recognised immediately as an expense when the charity is demonstrably !"4$'&2&'�#!�6144�#0&�#&4#4�4&#�!%#�$"�U121E2160�:�9 0&'%5&�V�=$"1" &�O #�AD:D�1"'�#0&2&8!2&�$#�?&&#4 committed to terminate the employment of an employee or to provide termination benefits. #0&�'&8$"$#$!"�!8�1� 012$#1G5&� !?61"3�8!2�WX� !26!21#$!"�#1R�6%26!4&4 ** Y
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�<br>~~��~~<br>~~��~~:<br>~~��~~;<br>~~��~~;<br>M-5&0�-"'�0-8-2$&0<br>NADBOPD<br>N@HBNC@<br>Q/78!.&20�"-#$!"-8�$"0%2-" &<br>GCBDD@<br>GABRNR<br>,&"0$!"� !0#0<br>CBRAP<br>OBGNR<br>NCRBGCA<br>NAAB@R@<br>J4&2&�?&2&�"!�&/78!.&&0�&-2"$"5�!K&2�SPHBHHH�$"�#4&�#?!�.&-20�&"'&'�N@�L-2 4~~�~~GHGR~~�~~<br>J4&� 4-2$#.�#2%0#&&0�?&2&�"!#�7-$'�!2�2& &$K&'�-".�!#4&2�3&"&1$#0�12!/�&/78!./&"#~~�~~?$#4~~�~~#4&� 4-2$#.B<br>"&$#4&2�?&2&�#4&.�2&$/3%20&'�&67&"0&0�'%2$"5�#4&�.&-2�TGHGA=�S<$8U<br>GLORNAMONA TEO<br>Notes to the financial statements<br>for the year ended 31 March 2025<br>vieeeteeeeeeeeeeeees CONtiNUEC<br>1.12.<br>Retirement benefits<br>Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.<br>2.<br>Net incoming resources for the year<br>2025<br>2024<br>£<br>£<br>Net incoming resources is stated after charging:<br>Depreciation and other amounts written offtangible assets<br>14,848<br>11,777<br>Auditors' remuneration<br>2,400<br>2,400<br>3.<br>Employees<br>Number ofemployees<br>2025<br>2024<br>The average monthly numbers ofemployees<br>during the year were:<br>Management and administration<br>22<br>20<br>Employment costs<br>2025<br>2024<br>£<br>£<br>Wages and salaries<br>347,967<br>310,381<br>Employers national insurance<br>28,771<br>24,535<br>Pension costs<br>8,546<br>9,235<br>385,284<br>344,151<br>There were no employees earning over£60,000 in the two years ended 31 March 2025.<br>The charity trustees were not paid or received any other benefits fromemployment with the charity,<br>neitherwere they reimbursed expenses during the year (2024: £Nil).<br>Page22|
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<br>/!"0#$!"1�0"'�2&"&30#&'�$" !4&<br>567589<br>:<br>567589<br>567589<br>:<br>567589<br>>"�?6?;�'!"0#$!"�0"'�2&"&30#&'�$" !4&�!@�A;;7<==�B01~~�~~0##3$C%#0CD&~~�~~#!~~�~~%"3&1#3$ #&'<br>$" !4&�@%"'1<br>GLORNAMONA TEO<br>Notes to the financial statements<br>for the year ended 31 March 2025<br>veseeeeeeeeesseeeeee CONtINUEC<br>Unrestricted<br>Restricted<br>Total<br>2025<br>2025<br>2025<br>£<br>£<br>£<br>4.<br>Income from donations and generated income<br>Donations and generated income<br>90,975<br>-<br>90,975<br>90,975<br>-<br>90,975<br>In 2024 donation and generated income of£44,188 was attributable to unrestricted<br>income funds.|
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.��S�),<br>KL&� LH7$#P�$6�H� !NOH"P�I$N$#&'�TP�Q%H7H"#&&�Q!U&7"&'�TP�H�V&N!7H"'%N�H"'�W7#$ I&6�!8�W66! $H#$!"<br>KL&�I$HT$I$#P�!8�&H L�N&NT&7�$6�I$N$#&'�#!�H"�HN!%"#�"!#�&X &&'$"Q�Y:<br>GLORNAMONA TEO<br>Notes to the financial statements<br>for the year ended 31 March 2025<br>vieeeteeeeeeeeeeeees CONtiNUEC<br>Statementoffunds- prioryear<br>Balance<br>Incoming<br>Outgoing<br>Balance<br>April 23<br>Resources Resources<br>Transfer March 24<br>£<br>£<br>£<br>£<br>11<br>Restricted Funds:<br>Restricted funds<br>51,960<br>755,022<br>(549,868)<br>-<br>257,114<br>51,960<br>755,022<br>(549,868)<br>-<br>257,114<br>Unrestricted Funds:<br>General funds<br>68,620<br>44,188<br>(21,527)<br>-<br>91,281<br>68,620<br>44,188<br>(21,527)<br>-<br>91,281<br>13.<br>Related party transactions<br>There were no material related party transactions to disclose during the year.<br>14.<br>Ultimate Controlling party<br>The ultimate controlling party ofthe charity is the Trustees.<br>15.<br>Company limited by guarantee<br>The charity is<br>a company limited by guarantee governedby<br>aMemorandum and Articles ofAssociation.<br>The liability ofeach member is limited to an amount not exceeding £1.|
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