REGISTERED COMPANY NUMBER: N1IL35971 (Northern Ireland) REGISTERED CHARITY NIJMBER: NIC104578
Gelvin Atea Communi iation Lt olltents of the Financial StateEnen for the Year End 31Au st 2022 Page Reference atm4 Administrative Details Report ot'the Truste¢s tndependent Examinerfs Rep Statement of Financial Activit*s Balance Sheet Not¢s to the Financial Statements 8 to 13 Detailed Ststement of FAnancAal Activities 14 to 15
Gelvin Area mmuni Associati n Ltd Reference and Administrative Detsils for the Year End 31Au t 2022 TRUSTEES Hugb Eugene Mccloskey Sean Farrell Henry Forsythe Susan Mckenna COMPANY SECRETARY Susan Mckenna REGISTERED OFFICE G¢lvin Old Sthool ) 911.egavallon Road Dungiven Co D¢rry REGISTERED COMPANY NUMBER N1035971 (Northern Ireland) REGISTERED CHARITY NUMBER NIC104578 INDEPENDE EXAMINER Shaun McAteer & Co. Ltd 5 Northland Roa<L Deny BT48 7HX Page I
Gelvin Area Comm ialion Ltd rt f the Trustees for the Year End 31Au 2022 The tnLSte¢s who are also directors of the cban'ty for the pury)oses of the Companies Act 20C6. present their report with the fll)ancial statements of the ¢han'ty for the year ended 31 August 2022. The trustees have adopted the provisions of A¢¢ountin8 and Reportmg by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the FInalla1 RepOrtll Standard appllcable in the UK 8nd Republic of Jreland (FRS 102) (effective l January 2019). tNCORPORATION The clLaritable company was incorporated on 9 April 1999 and commenced tradmg on the same date. OBJECTIVES AND ACTIvrrIES Objeetlvej and alm The company's charitabl¢ obj•ctivo6 ore to moko provision th¢ benefit of the uf UIL, Gelvin distrkct and surroundmg area Arrespective of age. 8ender. race. political opinion or religion by brllJgin8 the community together in an effort to provide edu¢8tional and Sla] activities. to assist and Cater for the ¢lderLy, to preserve the ¢nvironment and heritage of the area and to provide facdities for recreational and leisure activities thereby improvll the quality of life for au. Signifltant activitles The company operates from its own premises and provides all nrtxssary equipment for its day to day activities. The group. the Committee and members are all employed on a voluntary basis and fund raise5 for its own benefit and also for the benefLt of Oth locaI and national charities. After activities had been severely curtailed or suswthd due to the Covid-19 situation last year. the company can now report that many of these are now up and running again. Some of the social and educational activities that have been carried out in 2022 are as follows: - shoWll of a fllm re Agricultural Activities in the 1931Ysll 94S - fun days - mamly for our senior citizens - card nights - coffee mornings - quiz nt$ for Ukraine- £1781 raised and Ven to th¢ Church along with £500 donated by the company. Plans are also in hand for the followin8 educational activities.. - history tslk re Castlewellan Castle - read8 club We have also secured funding for ten y¢ars from Evishagar8n Wind Fann Ltd - £751X) rec¢ived in this fanc year and this fundin8 is unrestricted. The company is conscious of the difyiculties the cost of livll crisis is currently 1¢tu on households. especially the elderly and housebound and actively seeks funders who will deliver projects in support of good/charitable caus¢s. The company has recently made a funding applicats'on to The ARN Foundation Tackling Isolation for older people Fund and if successful will be in a position to fllLqn¢ially support a number of households in a meaningful and worthwhile way with a particular focus on food and fiKI. AssUmll sanction of the application the company will provide an additional contribution from its own resources. The company continued to receive rentat income from the Old School House an& as in previous years, it maintalned and cared for this heritage buAlding. The tntstees contlnue to meet on a regular basi5 to enswe that the necessary business of the group receives attention. Page 2
Gelvin Associ on Ltd ort of the Trustees f the Year End 31Au st 022 STRUCTURE, GOVERNANCE AND MANAGEMEKr Governance arrangements The charity is controlled by its governing documenL a deed of trusl and Constitutes a limited company. limited by guarantee. as dered by the Compenies Act 2(M)6. Gelvin Area Community Association Limited is currendy governed by a Board of four tsijstees. The board can co-opt new trustees as and when required. The charity's ¢haJr is elected from the members on an annual basis and is ratified at the Annual GeneTal Meetll]g. Induction and training of new trnstee8 New th'rectors are briefed on their legal obligations under charity and company law. the content of the Articl¢s of Association. the conunittee and decASAon makmg pro¢es& and rccent fuwicial performance of th¢ charity. Approved by order of the board of trnstees on ......... . and signed on its behalf by: Hu8h Eugene McClosk¢y- Trustee Page 3
Inde nden Examiner's Re to the Trnstees of Gelvin Area Communi iation Ltd I report on the accounts of the company for the year ended 31 AUg$t 2022. which are set out on pages four to nine. Respective responsibllities of chan'ty trustees and examiner As the clwity's trustees (and also the directors for the PUTposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Havitig Satisfi mysdf that the chatty is not subject to audit under company law and is eli8ible for independent eKqmination, it is my responsibllity to: eKqmine the accounts under section 65 of th¢ Charities Act follow the procedures laid down tn the general Directio9 given by the C1]ty Commission for Northern relond under Section 65(9Xb) of the Charities Act state whether particu18r matters have come to my attentio Basis of the Inderdent examineV$ report I have examined your Charity accounts as required under section 65 of the Charitie$ Act and my •xomination was carried out m accordance with the general Directions given by the Charity Commission for Northern eland under section 65(9)(b) of the CharLties Act. The examination included a review of the accountll records kept by the charity and a comparison of the accounts presented WAth those records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as chan'ty trustees Concerning any such matters. My role is to stat¢ wheth¢r any material matters have co¢ iu my attention giving me cause to believe.. l. That a¢UntIng records were not kept in accordance with section 386 of the Companies Act 2C(16 2. That the accounts do not a¢cord with those accountll records 3. That the accounts do not comply with the arxounting requirements of section 396 of the Companies Act 2006 and with the method5 and principle3 of the Charities Statement of Recommended Practice applicable to charitA¢S preparing their accounts in accordance with the Financ1 RepOrtll Standard applicable An the UK and Republic of Ireland 4. That there is furthei inforniation needed for a proper und¢r3tsnding of the accounts to be reached. ]ndependent examiner's Statement I have completed my examination and have no concerns in respect of the matters (l ) to (4) listed above an in connection v4ith followin8 the Directions of the Charity Commission for Northern Irelan(L I have found no matters that require drawing to your attention. TEER CHARTERED 2 3 NOV 2022 Shaun McAteer Chartered Accountant Shaun McAteer & Co. Ltd 5 Northland Roa Derry BT48 7HX ACC(NJIITANTS Date". Page 4
Gelvin Area C Associ onLt tatement of Financial A for Year Ended 31 Au vities st 2022 31.8.22 Total funds 31.8.21 Total funds Unrestricted RestrÈcted fund funds Notes INCOME FROM Grants 7.665 5258 12.923 5.930 Other tradlljg activities Investnient income 2,023 1.920 4,733 1,924 1,920 Total 11.608 5.258 16.866 12.587 EXPENDuRE ON Raising funds 5.235 Charltable actlvitie8 donations 228l 2,281 698 Other 4.824 5.664 4,177 Total 3.121 4.824 7.945 10,110 NET INCOME 8,487 434 8.921 2,477 RECONCILIATION OF FUNDS Totsl funds brought fornard 43.896 32,571 76,467 73.990 TOTAL FUNDS CARRIED FORWARD 52.383 33.005 85,388 76.467 The notes forni part of these financial statements Page 5
GelviD CoD]muDi Associati n Ltd Balance Sheet 31Au 2022 31.8.22 Total funds 31.8.21 Total funds Unrestricted Restncted fuod funds Notes FIXED ASSETS Tangible assets 31.457 31,457 32,548 CURRENT ASSETS Cash at bank and in hand 52.810 1.548 54.358 44,333 CREDITORS Amounts fallin8 due within one year (427) (427) (414) NET CURRENT ASSETS 52.383 1.548 53,931 43.919 TOTAL ASSETS LESS CURRENT LIABILrfIES 52,383 33.005 85.388 76,467 NET ASSETS 52,383 33,005 85,388 76.467 FUNDS Unrestricted funds Restricted funds 52.383 33.(X)5 43.896 32.571 TOTAL FUNDS 85,388 76,467 The charitable company is entitled to cxemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022. The members have not required the compary to obtain an audit of its fu1ClaI statements for th¢ year ended 31 Au8USt 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledg¢ their responsibilities for (a) ensuring that the charitable company keeps accounting rffords that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing fJnan¢ial statements which ve a true and fair view of the state of affairs of the charitable company as at the end of each fala1 year and of its surpEus or deficit for each fuwicial year in accordance with the requirements (I Sections 394 and 395 atLd which otherwise comply with the requirements of the Companies Act 2(K)6 relatll to fllwicial statements, so far as applicabl¢ to the haritable company. The notes forni part of these financial statements Page 6 continued...
Gelvin Area C Association Ltd Balance Sheet - continued 31Au st 2022 These fman¢iat statements have been prepared in accordance with the provisions applicable to charitsble companies subject to the small Companies regime. The fan¢1 statements were approved by the Board of Trustees and 8uthorised for issue on . and were SAgned on its bebalf by: Trustee The notes forni part of these financial statements Page 7
Gelvin Area Communi onLt Notes to the Financial S for th Year Ended 31 Au ents 2022 ACCOUNTING POLICIES Basis of preparlng tbe financial ststements The fuwicial statements of the Charitable company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Ch&ities SORP (FRS 102) 'A¢counting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportia8 Standard applicable in the UK and Republic of treland (FRS 102) (effe¢tive l January 2019),. Financial Reportmg Standard 102 The Fin2ncial Reportll]g Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fllwicial statements have bcen prepared under th¢ historical cost convents'on. Income All inc.om¢. 1$ reco11$ed in the Stat•m•nt of Financial Activitic3 1cC tliv Llullily I¥ ¢ntitlem¢nt to ilie fund& it is probable that the income will be rKeAved and the amount can be measwed reliably. Expenditure Llabilities are reColS¢d as expenth'tur¢ soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probabl¢ that a transfei of economic benefits will be required in settlement and the amount ol the obligation can be measured rellably. Expenditure is accounted for on an accruals basis and has been classified under headings that aegate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to COrltionS which have not been met at the year end date are noted as a commitment but not accrued as expenth'ture. Tanglble fu¢d amets Depreciation is provided at the following 8nnual rates in order to write off each asset over its ¢stInted useful lrfe. TaxatlOD The charity is exempt from corporation tax on its charitabl¢ activities. Fund accounting Unrestricted funds can be used An accordance with the charitable objectives at the discretion of the trustses. Restricted fund$ can only be us¢d for partIcar restricted pwposes withm the objects of the charity. Restrictions arise when specified by the donor or wlwi funds are raised for patts'cular restricted purposes. Further explanation of the nature and pwpose of each fund is included in the notes to the fjnancial statements. Page 8 continued...
Ivin Area onL Notes to the Financial Ststements - co for tb Y End 31A st 2022 OTHER TRADING ACTIVTfIES 31.8.22 31.8.21 Book sales Table quiz 242 1,781 4.733 2,023 4,733 INVESTMENT INCOME 31.8.22 31.8.21 Re.nt8 re¢,eived Deposit account interest 1.560 360 1.560 364 1,920 1,924 NET INCOME/(EXPENDITURE) Net incom¢l(expenditure) is stated after chargIn(Crediting). 31.8.22 31.8.21 Depreciation - owned assets 1,091 1.132 TRUSTEES, REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefEts for the year ended 31 August 2022 nor for the year ended 31 August 2021. TruJtee8' expenses There were no trustees, expenses paid for the year ended 31 Au8USt 2022 nor for th¢ year ended 31 August 2021. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVTfiES Unrestricted Restricted fund funds Totsl funds INCOME FROM Grants 5,930 5,930 Other trading activities Investment incom¢ 4.733 1.924 4.733 1,924 Totsl 6,657 5.930 12.587 EXPENDITURE ON Page 9 ontinued...
Ivin Area Communi Associ on Ltd Notes to the Financial Statement f they EDded31Au st 2022 COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIvIs- continned Unrestricted Restricted Totsl fund funds funds Raising funds 210 5,025 5.235 Charitable aetivitie8 donations 250 698 Other 1.210 2.967 4.177 Total 1.868 8,242 10.110 NET INCOMEI(EXPENDITURE) 4.789 (2.312) 2.477 RECONCILIATION OF FUNDS Total funds brought forward 39.107 34.883 73.990 TOTAL FUNDS CARRIED FORWARD 43.896 32,571 76.467 TANGIBLE FIXED ASSETS Fixtures Freehold property fittings Totals COST At I September 2021 and 31 Au8USt 2022 43.087 8.932 52.019 DEPRECIATION At I September 2021 Charge for year 12.068 862 7.403 229 19.471 1,091 At 31 August 2022 12,930 7,632 20.562 NET BOOK VALUE At 31 August 2022 30.157 1,300 31,457 At 31 August 2021 31.019 1,529 32,548 Page 10 continued...
Gelvin Area Communi Association Lt Note to the Financial Stst ments - ntinued for e Year Ended 31 A st 2022 CREDITORS: AMOUNfs FALLING DtJE svrrHIN ONE YEAR 31.8.22 31.8.21 Accruals and deferred income 427 414 MOVEMENT IN FUNDS Net movement in fijnds At 31.8.22 At 1.9.21 Unrestricted funds Gei1¢A. fwld 43.896 8,4117 52.383 Restricted funds Restricted Fund 31571 434 33.CK)5 TOTAL FUNDS 76.467 Net movement in funds. included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestrieted fuDd8 General fund 11,608 (3.121) 8,487 Re8trleted fundi Restricted Fund 5,258 (4.824) 434 TOTAL FUNDS 16,866 {7,945) 8,921 Page 11 contsnued...
Gelvin Communi iation Ltd Notes to the Financial Statements - continued for the ye Ended 31 Au 2022 MOVEMENT IN FUNDS - eontlnued Comparativa for movement in hDdJ Net movement in funds At 31.8.21 At 1.9.20 Unrestricted fund8 General fund 39,107 4.789 43.896 Re8trlcted fundj RestsALLed Fwid 34.883 (2.312) 32,571 TOTAL FUNDS 73.990 2.477 76,467 Comparative net movement in fimds. included in the abov¢ are aq follow.i' Jn¢oming Resources Movement resources expended in funds Unrestrieted funds General fund 6.657 (J.868) 4.789 Rejtricted funds Restri¢ted Fund 5,930 (8,242) (2,312) TOTAL FUNDS 12,587 (10.110) 1477 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.8.22 At 1.9.20 lJTrre8tricted fund8 Gen¢ral fund 39,107 13,276 52,383 Rejtricted fundi Restricted Fund 34.883 (1.878) 33,5 TOTAL FUNDS 73,990 11,398 85.388 Page 12 contmued...
Gelvin Area Associ onLt Notes to the Financia] Statemen for th Year Ended 31 Au - continued st 2022 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movemcnt in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unre5tri¢ted fundj General fund 18,265 (4.989) 13.276 Restricted fundj Re8trictsd Fund 11,188 (13.0(ki) (1.8'18) TOTAL FUNDS 29.453 {18.055) 11,398 10. RELATED PARTY DISCLOSURES There were no related paty transactions for th¢ year ermled 31 August 2022. Page 13
Ivill Area Comm iation L Detailed Statement of Financial Activities for the Year End 31Au st 2022 31.8.22 Total fijnds 31.8.21 Totsl funds Unrestricted Restricted funds funds INCOME Grants Subscriptions Causeway Coast & Glens Borough Community Development Causeway Coast & Glens BC Book Community Foundation Causeway Coart & CTlens BC Christo3 hampers Honourable The Irish Society Evisha8aran Wind Farni Ltd Causeway Coast & Glens BC Litter Pick Western Health & Social Care Trust - window 165 165 2.951 2.951 1.335 2.595 1.250 250 500 7.51X) 7.5(X) 447 447 1.860 1,860 7.665 5.258 12.923 5.930 Other tradlng a¢tlvltle8 Book sales Table quiz 242 1,781 242 I,781 4.733 2,023 2.023 4.733 Investment Ineome Rents received Deposit account interest 1,560 360 1,560 360 1.560 364 1.920 1,920 1.924 Total incoming resources 11.608 5258 16.866 12.587 EXPENDITURE Otber trading activities Book costs 5.235 Charltable Actlviti Donations 2281 2,281 698 This page does not forni part of the ststutory financial statements Page 14
Gelvin Area Associati n Ltd iled Ststement of Financial Activities for e Year Ended 31 Au st 2022 31.8.22 Totsl funds 31.8.21 Total funds Unrestricted Restricted funds funds Charitable aetivitiea Other Insurance Lbt and heat Postage and stationery Sundries Accountancy fees Rates and water Repairs Volunteors - Littcr Equipment repairs Depreciation of tangible fed assets Bank fees 185 156 21 266 555 472 62 740 628 83 266 427 83 1.917 768 398 117 150 509 116 128 311 62 21 57 411 851 1.132 1.091 1.091 18 18 4,824 4.177 Total resources expended 3.121 4.824 7.945 10,110 Net Income 8.487 434 8.921 2,477 This page does not forni part of the statutory financial statements Page 15