RI4 G'ISI'F.RI4 D COMPANY NUMBF.11: N11135971 (jorthcrn Irelaiid) IlTr:C:I.%I"F.IITr;D CIIAIII"I'Y NUMBF,R: NIC:104578 Rcporl of ihL "I'ruslccs and lJndudilod fir)clllLlkil ,Siul¢iii¢iiis fui. IhL YLar l-.nded I l Au&Yii%1202:3 fur (JL'lviii ArLii C()iiimiiiiily. A.451)Cl ¢iLi()i) l.ld (A ('{!!iipdnLI:iii!ilcd by (NLli!I'tiiilLL)
Gclvin Area Communit As8ocialion I.Id ContLnts ot" Ilic I, iniincial Statcinciils lor thL YL'ar L,"ndcd 31 Au ust 2023 RLfLr¥n¢L and Adniiriistl'L live Dclails RLpurt of ihc 'l'rustLe liidLI)ciidciii l-.,xainiiior's Ilepo SlulLiiiLnl of i in<iiiLial Activilics Ilcil&incc %hcL't () L() 14 l)clai ILCI %i¢ilLIT)Lnl ()r I. I11(IIILi<il ALli viliL
CJclvin Area Coininiinit Association l.td Ilcfcrciicc an(1 AclmiIiistralivc Detail% ror tlie Ycar I',iidcd .31 Augusi 2023 TRUSTTr F.S Fliigh F.ugcne Mc('loskcy %caii I,arrcl I I ILiiry Forsylhe Susan Mckenna Palrick r.Inmetl M¢Nicholl (appoinied 28.11.23) COMPANY STr.CRFTAIIY %iisan MckLnna IITr (:ISTTr-IIF.D ()b b'lCF' 191 l.cgiuvall()n Ili)ad t)ung)ivLIi (.() l)Ll-I'y 14.1.47 4QW III4 C:I%TTr:IITr.D COMPANY NUMBP'II N11).35971 (Noi'ilicri) IrLlaiicl} IiTr:ris'i'Tr'iiF.D CIIAKI'I'Y NUMJlb.R NIC104578 INI)EI)Tr.NDF:N'I' Tr'XAMIN b:R %lidun McAIL¢r & (.'(). l.ld 5 N()rihlill)cl Ili)aLI, L)Li'ry 13'1'4X 71 IX
Gelvin Arca CommLinit Agsociation l.td
Ile
ort of thc TnistL'cs
for the Yeai. I'"ndcd 31 Au
ust 2023
'rhe Iruslces who arc also dircclors of thc Lhariiy for ihc purpoSLS of IhL. ("oinpanies Acl 2006, pi'¢%ciil IhLiI'
rLpoi-l iviili IIIL fiii£illcicil stalLincnl% i)r IhL cliarily for ihc yLai' Li)£led 31 August 202_3. -1'lIL' Ii'Li%ILcs liavc
acloplLd ilie pi-(Ivi.%io]i.% o f ALC()uiiliiiLi and IIL'poi-liiig l)y C"liiil'ilics'. %Lcilcmciil ()r IiLLOlllllILlI(led l)I'ilLlice
aiipl iCcililL lo LhariiiL% i)rLpai'ing ihiir aLci)uiil% iii clLLOI-daiicc wilh iliL I. illl¢ nLial RLpiii'liiiL %iciiiclai-d
aiiiil iL(IblL iiI IIIL IJK LiiiII IIciiLII)l IL L)I' Irclaiid I l-'R% l ()2) I cl'lL'Llivc l .lilllUcll"y 201 L)}.
INCORI)OIIATION
"I-IIL, Lharilc1blL' Loini)any was inLoi'p()ralL.d 011 9 Apri I199L) (ind LoiiimcnLcd ii-adiiiLJ 011 tIIL same dLIIc.
()11.IF,(.'TIVI4.S AND ACTIVITIF.
O bji'LIivLlTr #nd ainis
"ri)L Lunip¢iny's ¢h¢ll'ilablc ubj¢clivL's arL lo irdkc provision for IhL bLncfil of ihL inhabitants of ilic (ielviii
dislricl and .%urr()uiicliiig urccl ii-fLspcLlivc uf ¢igL, gLiidLr. rL1Le, poliliLal i)piiiii)n 01- I'LI igi()n by bringing ilic
Loiiimiiiiily iogyciliLr iii ai) L'rroi'l lu pr()VlLle cducali()n1c l <ind %OLi¢il acliviliL.%, Ic) as%i.%l aiid cutcr loi- Ilic
¥ldci'ly, li) prLsLrvo iIiL Lnviroiinicnl illlLI hLrililb)L ()I' ilic aril¢ urid lo provide faLililiL% fur rc¢rc£ilii)ncil iiiid
Ici%LII-L aclivilics Ili¢i'L'by impri)viiib) IhL' Liual iiy ol. l i l i Ii)r ill l.
'I'IIc Lt)IIIPLllly ()pcI'dlL% fri)iii ilb OWII Pl'Lmi.SL'% aiid pi-ovidL% (ill nLcL.4S¢ify L(ILIIPIMLiii r()r ils dily i() day
dcli vilics. 'I'IIL gjroui), IhL LoiiiiiiillLc Jiicl iiiL'nibLI's ai'L' al l LIMpI()yLIl i)ii a vi)lunlill'y b<).%is aii(I l iiiid rcliSL% r(11-
il% ()wii bL'iILI Il and al%() f<)i- IIIL bLnLfil ()I' i)ilILr Ii)Liil ciiiol iiali()IlLII Lliai-iliLS.
ALiiviIiL'% I1<iLI I)LL'll SLVLI'LIY cui-l<iilLcl ()r %ii%pciid¢cl dui'iiib) IhL C'ovid-19 PLI-i()cl and IhL' LC)Illlldlly Lilll 11()W
I'L'P(Irl Ili<il <lLiiviIiL'% ai'L lip ciiid I'ui)Ilillb) ¢1&16lili ¢11 lir¢ Li)vid IL vLI%.
%()IiiL' ()(' IIIL %()L iiil
Gelvin Ai'L'a C()miniinit Association Ltd
Ilc
ort of tlic "I'rustccs
for thc Ycai- I"ndLd 31 ALI
)ust 2023
FINANCIAI. Rb.VIF.W
ThL Sidleinciit of i."inanLial Aclivilies oil pages 15 and 16 iiidicalcs ihai Gelviii Arca C;ominuiiily Associ<l1ion
l.td Iicid inLuming rL'%()iirces of L19048 in tli¢ year. L14603 of iiiLumc is Irom flindci's Llnd Ihe balLITICL' IS
rroni rL'iil, dL'po%iI inlLrc%l and a Loffee Inoi'iiiiig, held duriiig) Llic ycar. 'I'licrL al'c two iiiaiii fuiidLI'S
I vishdgY<ifcin Wiiid l iirni l.iinilLd ciiid ('aiisewciy (.'()a%l & (i ILiis 13(,. CoiiiniLinily l)cvLI()i)riiciil.
"I'hc
f, vis11(IgFdl'iin Wind F.'arm funds dl'L unresli'icted and ilie eliarily ha% seLui'Ld fiii)Lli ng for leii ycai'.% al L7501) p)cr
yL'cir - Ll 5000 lias bccii rccLivcd lo datc 'l'hL C.'dUSLway (:O<i%l & (ilLlI.4 fLiiidin&F 1,% rL%li-iLILd. All of Ilic
rL.%ii-icILd ni()iiLy rLLLivcd iii Il)e yL'ai' lias buLn .%p¢nl iii ihc yC<ir. Thc Llicirily (1150 rckn¢ivLd L5000 fr()In Ilic
KillL Idcig?£ili I. (IUllLlation l() hLlp with c().ql of liviiig 1% iii iIiL Loiiiniiinily - Ih 1,% wa% (Il%u all .4pciil iii Ihl yLcir
tlii-oug)h doiialiiig) lu 31 famil ILS iii iiLLd.
'I'hL Lli<irily m'iclL donalions ol. L2XO() in Il)c yLui' l() MaLMill<lll <iiicI C'liildi-Lii% (JcIIILLr Piind Ir()iii m()niL
raisLd froin d oorrcc nioriiiiig.
Al .31 Augiisl 202.3 ilic cliarily liclcl £58 35() of unr¢slrict¢d rc%¢rvcs and £31488 of re811'icted i'eserve%.
S'I'IIUC:'I'UIID:, l¥l)VTr:RNANCTr' AND MANA(:b.MTr:Nl'
(Il)vLrnunLL' arrank)L'lliL'nts
"I'IIL Llidl'ily 1% coiilrollLd by ils govcriiing dociiinLnl, a dccd of irusl, (ind Li)ii.%lilulLs a liii)ilLd L(IlY)P¢ll)y,
liiiiitLd by gudranlce, as dL finL'IJ by Ihc L'()Inpanic% Act 2006.
(iclvi n Al'c1< L'i)niiiiuiiity As.4OCi¢il i()ii l.iinilL(l 1% Lurrciiily gi)iicniLd by 1( Iloaril o r livc Iru%lcL.4.
'IIL I)L)Lll'cI L¢lll L()-()iit iicw ti-u.%lLL% iiiicl wliLlI fLllllI i-Ld. 'I'lii Lliarily'4 Lli¢iir 1% ¢lLLl¥d fi'oiii Ilic IiiLlI'ibLI'% ()ii
jLIILI-iil ML¢liiig.
RL'Lruitn)enl and appi)inlmLnl ()I' nL'lV I ruslLL¥
'I'IIL'rL arL ¢Lirr¢iiily I Ivc iiiciiil)ci'% Dii ilic MaiiagLincni CoinniittLc. 'l-hcre lids bLen ()nL nL'w cll)P()i iilniL'nl ()ii
28 N()vcml?cr 2112.3 aiid n() rc%igFnal ioiis.
Induction and Iraininij ol. new truslLCS
NLW dirL'LI()r% arc briLlicl un IhLlI' IL'gal obli&Jatioiis uiidLr cliai'ily tiiid c()Inpany law, tIIc Ll)nlciil of IliL
Arli¢lctry of AssoLi
Gclvin Area Communit Agsociation l.td
IlL'
orl of LhL 'I'ruslLCS
ror the YLar I,.Iiclc(13 l Au
ust 2023
S'l'A'I"Tr',MTr,N'l" Ob" 'I'IIL S"I'Tr"Tr:S' Ilb:Sl)()NSIBI I.I'I'I Tr",S - c(piitillUL'd
L". omi)any law rL'LILiifL's IIIL Ii-u.%lLe% t() prcpare fiiiaiicicil %lalcinci)1s l or caLlI fiiiLiiILial yiar whiLII g) I VL a Ii-LlC
cll)d fciir viLw ul. IliL' %l¢ilc of drraii-s of Ilie c111c I'ilal)Ic Lomiiany aiid of IliL Iiicui11iiig rLsoiirLc% an(1 c?iipI ILali oli
ol" I'LsourLLs, inL ludiiig) Iho iiiLoinL (Iiid LxpLiidi liii-L, of iliL Lliarilablc Lolllpdiiy for Ilial pci'iod. Iii pi'Lparing
Ihosc fiiiaiiLicil slal¢menls, tlIL IruslLc5 drL' rcquired lo
%L.IL¢l SLiil<iblc clCC()Iinling p()licics and Ilieji apply IhL'm con.4islcntly;
ob%LrvL' Ili¢ iiiciliod.% Jiid priiiLipIL% il) IhL' (.'hariiy SOIIP.
mcil(L jLidgYLillLllt% anLI L4lim<ilc% Ih1c l ill-L l-C1c 5onablL cind pi'iiclcnl,.
Pl'L'I)arL IIIL, finaIiLi(Il .%LaiLni¢nls L)ii IIIL. gjoiiigi LOIILLI-ii basis uiilcss il is iiiappr()pi'iale lo pi-C%illllL Ihal ihL
cli&ll'ilablL' Loinpaiiy will Loiiliniic in busiiics%.
'I'lIL' Ii'u%lcc.% iirc rL4ponsiblL lui. kccpiiig pi'opci. aLLouiiling rcLoi'd% wliiLli disL2o%e wilh rca%i)Il<ihlL qc CLUI'clLy
'Il Illly liiiiL IIIL fiii
Indcp.cndcnt L-'xaminer's Ilc ort to tlic 'l'ru8lccs or CJclvin Ai-ca C'ommunii Association L.td I rcp(ii-l on the accouiils of ilic L()mpLlI)y for Ilib yLiir eiidLd 31 AugYLisI 2023, whiLli arL scl oui on i)abiLs six lo foiirtccn. IIL'spL'Ltive rosponsibilitie3i ol. charity trustees and examinLr As IliL Lliarity's IruslcLS (and also IIIL dircLLor.£ r()r Ilie purpo%cs of L()Inpany law) you ai-l rL%poii%il)IL fi)r ihe pi-ci)aJ-aLioii ol- IhL accounts in aLLordance wilh (he reciiiireincnis ol. Ilie ("oinpanieq ALI 2006. IclVIIIL) %atislicd mysLif Ihal thL' Lhdrity is nol subjocl to audit iindLr Lompdny Iclw aiid i¥ Llig)il)Ic r()r indLpciidciil cxainiiiali ()n, il is my rL'4puiisibil ily Ic).. L'XcllniliL IIIL. iic¢ounls iiiidLr 8cLliun 6.5 o r tl)L (". hcirilic% Act rL>llI)w IhL i)rciLLclurL% liiid down in iIIL L?LIlLI-(Il l)ii'ccli()ns LliVClI by Ihc ('Iiarily Loiiinii5%ion fui. N, ()riliL'I'lI IrL.laiid iliiLILr %LLli()n ()5(9}(b) u r ihL ('liill-il IL'.% ALt -4tcilc whLIIILI' parliLulai' niallL'rs IiilVL Loini Io Illy cill¢iiliuii. Ila%i¥ ()I' tlic indepLndonl LixuminL*r's rcporl I liclvc exarniiiL'd y()Lll' Lharity aLLuunl% rcciiiircLI iiiidLr Scclion C)5 of ihc ("li¢ll'iliL.% ALt aiid niy LxtitTII Ilcili()11 L(Ii'ricd oul iii ¢lCCOI'di)IILL willi Ihc &)Lncr<il Dii'iLlion% gJivLn by ihL. C"licll'ily Q'.oniini%%ion r()r NiiriliL'I'n II'LILind LiiidLI' %L'LI i()11 C)5(L))(b} (Il. IhL ('IiariliL% ALI. 'I'lIL Lxamiij]II017 IllLILidLd Li fLviLW ()r thL aLLOUlIti lig I'ec(IrLl% l<LI)I by Ilic Lliai'ily (incl c) L()Illp¢ll'l%Oli ()r iliL (ICCI)uiil% i)rc%¢iilL'cl willi Ih(isc I'ecoi'ds. li i IicluLILd L()1isidcrdlioii ol. ariy Uiilisual iloni% oi. (lisLlo%iii'cs iii IIIL acci)uiil%, and %¢¢l<ing Lxplanalii)n% fi-oin you cl Llicll'ily li'uslLLS COIILCI'ning .Iny SULII In¢illoi'%. My rolL ib l() 4liilc whciliLI- any malci'icil Illlltlcrs h<lVL C()iiIL lo niy ciltLiilion giviiig Iiic C¢iiise lo bcl i¢vc'. -l-Ii<il LICCOLiiiliiig i'LLOI'ils wcrL 11()I kopl iii ac¢()I'di11)cc wiilI %Lclioii .38() o [' Ilie ('. ()IllPiiliiCS ALI 2011(1 'I'li:Il Il)L' <)LLI)Ullls cl() iiol <)LL()I'd willi Ili()%L aLL(ILlllliiibJ rL'CI)I'd% 'l-Iiiil IIIL <lL¢()I11114 d(} ii()l i()1111)ly willi ili¢ ¢lLCOLlI)li ngF I'LLILIiI'L'iiILnl.4 1)I' .%LLI ioii .3C}(I i)r iliL L'()iiipaii ic ALI 21111(i ¥iiid willi il)L' IllL'ili()Ili and i)I'i l)L il)ILS 1)I" IhL Q'li<iril iL.s ,%i<ilLIIILiII (Il. IILL()iiiiiILiidLd l)r4iLI ILL IpplicablL" t() LliariliLs prLpariii&J Il1¢1I' (ICLoiinl.4 in UL¢()I'daiiLc willi Il)c l. indiiLicil IILpurlin& %ldiiilard 11)i)IILal)IL' iii iliL' IJK dnd RLI)ubliL of Irel<ind 'I'li¢il ilici-L is fui'tlici- iii foriiiLiliciii nLL'dLd lor £1 Pl-()pLr uJ)dLI'Nttiiicliiig {){' tIIL klLC()uiils l() bL I'¢LILlILcl. I ndLPL'ndLinl L'Xlll))iniir'i 4t<LimLinl I liavL L()iiipIL'ILd Iiiy CXalllill4Jli(111 Lincl l)avc iii) Li)i)cLI'n.4 in rc%pL'cl ol. IIIL m¢illLrs (1) 10 (41 l i%licl ¢ibuvL dlld. in LuiiiiLLtioii willi r()11()wing) LIIL. Dii'LLti()n4 ol. lh¢ LhariLy Comiiii %sion for Norihci'n li-Llcind, I huvL l()uiid li() iiiallcrs ih(Il rLLiuifL di'<iwillgF lo your allLnlion. AT ¢MAIITeUO Ni¢111 MLAIcci' 13 DEC Z023 %haun MLAICLI. & ('0. i.ld 5 Noi-lliland Iload, l)Li-ry 13'1'4X 711X ACCOUIITAiir• 13 Dccciiibcr 2023 P¢igc 5
Gelilin Area Communit Aqsociatioii I.td Siatciiient ()1" I. inancial Aclivitics for ihc Ycar L ndLd 31 Au ust 2023 -31.8.23 I'otal 31.8.22 ()t(Il fund.4 UnrLslriclLcl Ilc%lrictcd Noles IN(:OMTr: b'ROM (iraiils 7,740 14,()0.3 12 LJ23 Oiher Ir¢idiiig (Iclivilics IIivLslmcnl iiiconie 2,626 1,819 2,626 1,%19 2,02.3 1 ()2{1 12,185 6,8C).3 19,048 1 (),8()C) :Xl)b.NDI'I'UII>' ON ('h#i'iliil)Ic aL'liviliL'I duiialion 2,XO(i 2,80(1 2,281 ()Ilicr 3,40() 8.-180 11,7X() 5,(IC)4 6,212 ,.3¥0 14,5C)2 NTr"I' INC:()IMP,I{Tr'XPTr'NDI'I'URb:) 5,973 (1,517) 4,45( Ilb:I:()NCII,IA'I'IC)N ()b F UNII)s 'I'(Ilal l LinL15 bi-(ILigtrlil l()l-Wc1rd 85,3XX 7(1,4()7 'I'O'l'AI. b'U.NDS C.'AIIRIP;I) Tr'()IIWAIID 58,356 31,488 81),844 I15,-388 Thc iiolcs fi)riii Pciil ol" IhL'.%L' finanLldl sldlciT)Lnt% Pagc 6
Gelvin Arca Communilv Association I.td E3alaiicc Slicct u.%I 2023 31 All_ -31.8.2.3 '1 ()tal rLiiid% UnrLslrictcd IILStI'iLILd fuiid ruiid4 ruiid% FIXb,D A6iSTr:TS 30,400 .30,400 CUIIR Tr:NT AS.SF'r ("cis1i cil banlc cind in h<ll)d 58,355 59,9C)ll l."Ilb-DITQII.S Ainciui)Ls Iiil liiig) duc. within onc ycar (517) (516) (427) Nb:'I" CUIIRTr;NT' ASSb'"I'S 58,35() 5(),444 'I'Q'I A I, I,;"I'(i l.b'.%S CUIIIII44LNT' I.IAIIII,I"I'ITr' 58,356 31,48 8L),X44 X5,.3XX -5X,-35() 8Y,844 lJiii'L.%li-iLlcd l iinds IILblriLILd l und.% 5X,.35() 31,4t4% 3.3,01)5 'I'O'I'AI, Tr'u,1)4 IC),844 85,.3X8 'I'lic Lli&irildblL c()Inpany 1,8 ¢iitiili:d iu exLinpiioii froni audil undcr %cclioii 477 01. Ihc Coinpanic% ALI 200(? or IIiL yLar LiidLd 31 Augusl 2023. 'I'l)L mLmbLrs Ii£lVC not r¢qiiircd ilio coiiipany lo c)blaiii (in aLidil o r il.% l inanLiuI %lalcmLnt% foi- IIIL yLdl' Lndcd -1 l Au8ust 20? 3 in aL¢oi'dance with .4cc¢ioii 476 0 r tliL (.'oinp41n ics Act ?OIIC?. -I"lie Ii'Li%lec% iiclcnowlc(Igc tlicii. i-c8poii%ibi l iliLq loi. Ln%iii'iiig ilicil IliL chai-iliibl¢ coinpaiiy kcLps accouiiling i'CLOI-ds Ihal coniply wilh .%cctions 38() aiid 387 of IhL L'unip<llllLS A¢l 2006 liiid Ib) prL'pili'ilibY I Indtlclcil Sl<ilLmcnls which givc a IruL and fail. view of IhL %lalc ol. a flair.s of ihL chcll-ilill)Ic COIIIP<iny as (Il Ilic Lnd ol. Lach linanLlcil ycai- &illL101- ils %LlI-plus or dcfiLil foi. caLh fiiianLial yc(li- ill aLL(11-d<lliLC willi IliL i-equii'LIiiL'nl% ()I' %cLlion5 .394 cind 395 and whiLI) oilici'wi%c Loinply willi ihc i-cciuii-ciiiciils (If ihc Comp<inic% Acl 2006 I'eldling to finLinLial .%lalcincnls, so 1411. as appliLablc lo Ilic Lliai-ilablc eonipaiiy. The iiolc% r()nn part o r ihL,%L fincillcicil stalciT)cnl4 l)age 7 coiilinued...
Gclvin Arca Commuiiit Association L.Id Balance %liect - continuLd 31Au
u.%t 2023 'I'li¢sc linancial 5lalemcnls l)avc bcen preparcd in accordaiice willi ihe PTovisions applicablc to Lliai'ilalilc compaiiics subj ect to tlic sinall coinp<2nics rcgime. 'I'lie financia5 %lalL'nienls w¢r¢ approvcd by IhL Eloard or -rriislees and cliiihoriscd for i%%uc oil 13 1)LLLinbLr 2023 and wLrc Sigyncd oli ils bL'hdif by., 'I"rLi%IcL Th¢ notes fonn part ofthc8c financicil slatemcnls <igL 8
Gelviii Area CommLinit Associalion l.ld Notc.s to tlic I Ill£incial %tatLniLnt lot- IhL Yciir I',iidcd 31 Ali )Ii%I 2023 A(.'C.()UN'I'IN(: P()I,ICITr',s Biisis (Il. prL'parinLw the finanLial statements 'I'lic fiiiancial slalLnici)t.s of IhL' Lharilci1)IL' L()Ini)L111y, wliiLh is a public l)LiILfil cnlily undLr I". RS l 02. hic vc bLClI pi-Liiarcd iii aLLorLIKIIILL with iliL (."IILiriliLS %()111) (i.'iis i o? ) 'ALcoLinliiiL) aiid Ilei)i)i-liiig l)y (.'liai-iliL.4'. %'lalLlnL'nl ()r RLL()iiiinLiidLd l i'actlLL Lippl iLablc lo Lhai'ilic.s pi'cpai'ing IIIcii- LILL()LiiII% iii iILL()I'LliJnLe willi Ili¢ l. iii(iiiLial Ilci)()i-liiig %i¢indai'd (Ippl Il1b]L iii ihL IJIC aiid IILpul)l ic i)r li'cl411id (l.'Il.% 102) (ol"fLoIivL l J¢illu¢iry 201 ())', I,'inkincidl Rcpurlingi %taiidard 1112 '1'hc I, Illcincial Reporling .%lcindai'd pi)Iiciible iii il)L IJK illlLI IIL'piibliL of irL.land' aiid ihc Conipanies Aci 200(). 'I'lie finaiiLial %l¢ilcinc'nls liave bccii preparL'd under the Iiislorical cosl coiivcnlioii. Income All iiiLomc is rccogiiiscd iii tlic .%talcmciil ol, I, inanciLII Acliviiie8 onLL' Ilic Lliarily hcls L'nliilLmLiII II) Ilic fund%, il is pi'ol)Ic blL that Ihc iiicoiiic wil I bc I'LL¢ivcd (Iiid ilic ainounl LLin bL ITIL'1c sured I'LI iLihly. b'xpLndilurL' l.iabi l ill L% arL' rccogn i.sed £lS Lxpciidi Iui'L .%ll()11 (IS ilicrc )% 1¢ ILg¢il i)r Loii%lrLiclivL nhlib>alii)ii rLCliliI'Ld iri SLiilcinLiII ailLI IliL ainoLiiiI ol. IliL Iibliscili()11 Ldli bc IiicJ.4LlI'Ld I'L.Iiiibly. l-.xpLiidiliirL is &ILLI)IiiIILd l()r on (Ill LILLI'Ll&ils ba%1% and lid% bLLii Llci.%%ili¢d unclL'r IiL'KILliiigJs 11)&il cigg)I'Lbulc (Ill Li)%1 I'Llc1lcd lo Ilie Lalcgory. WIILI'L cosls Lillllll)I bL clii'cLily aiiribulLd to Pill'lioLil<ir hLadir)b).% IhLy h£lVL bL¢ii alli)L¢1tcd io aclivilics oli d b¢iSi% cun4is1¢iil willi IIIL USL l)r i-L%OLircLs. (if¢iiil% offcrccl 4LihjcLI l() c()ndili()ns whicli Ii¥iVL iioi beL'n InLI al ihL yLdi' Lnd dcilL arL' ii(IlLd a L()IiiinilinL'I)I bul iiolL 1 LLriiL.d a% L'XPLtiditurc. 8n%ihlL' IIxLd N%sL'Is I)cpi-CLi(Iliun 1,% i?r(JvidLd ut ilJL' followiiig UllllLl<)I ralL'S in oi-clcr l() wi-ilc ()I"r L'ilLli ()VLI' ils I. I-LLlii)Icl Iir()l)Lrly 2 /u 011 Lo%1 15 /{) ()ii i-LdLILiligi biilancc 'I'axalion 'I'hc chdrily IS cxLiiipi fi'om Loi'poi'alioii l(Ix un il% LhiirilJblL aLliviliL'%, und iiiii)unl'ing lJiii'L'%li'iLIcLI liiiids Lai) bL' u%Ld in aLLoi'daiiLL' wilh iliL cliarilablc ohjcclivc4 dl th¢ di.SLI'Llii)ii ul. IliL Ii'Li%ILLS. Ilestriclcd fiincls can only bL u%cd for piiiliciilcir i-csli'iLILd i)ui'posL's wiiliiri iIiL objLLtb ol. ilic Lhai-ily. Ilc%lL'iLlions ari%c when spcLilied by Ilie doiior oi. whL'n flind.% al-e i'cii4cd for pai-licLil£ir rc%li'i¢lecl purp(ISL'S. I'ui'lhei- explcinalion ol. Ihc nciliii'e <ind PLlI-Pl)%c (if C6iclI funcl is inclLicl¢d in IhL nolc8 lo Ihc IinanLi¢il lalcincnls. oiilinuLd...
Gelvin Arca Coinmuiiil AsSOCidtioii I,td Not¢s to thc E inanLial Sialcincnls - coiiliniicd lor the Year Lndcd 31 Au ust 2023 OTIITr;R I'RADINC. AC'fivii'IF.S 31.8.22 El()()11 salc "I"al)Ib qLII/. ('ol'lLL 111()I'iiiiig 20 242 1,7ti I 2,(7UC) 2.()?() ,[12.3 IYVb.S'l'Mb.Nl' INCOMTr, .11.è4.22 RLiil% rLcLivLd l)¢posil acc()Linl inlLrcst 1,5C)O 259 1.920 ri14.l' IN(:1) M b:/(Tr'XI)Tr: N I)I'l'U Illl ) N'L't iiiLoniLI{LxpLiidilurL) IN .4iJlcd iillLI' LIILirg)jiig)/(LrLdilii)gJ)'. I)¥pi'c¢itilion ()WllLd <1ssLI I,Q57 1.091 'I'IIU%'l'b'Tr'%' Ilb'MUNb:IIA'I'II)N AND Bb:NTr',l."I'l' 'I'hcrc w¢r¢ li() Ii'u4lL'cs' rL'niLllILI'alion or uilicr bL'iiLfil4 lor iIiL yLur cndL'd 31 Au&Jusl ?023 iior for IIiL yL'&if LiicILd 31 Aiigii%l 20?2. 'I'ruslL'LS' cxpcnsc's I'hLrL wci-c iio truslces, L'XPL'llSLS paid for Ihe ycar cndcd 31 Au&7usI 20?3 nor l()i- IIIL yLar eiidL'cl 31 AubrLi%I 2022. )¢igc l O coiitinucd...
Gelvin Arca Cominlinit A%sociatii)ii i.ld NolL's to tlic I, iiiaiicidl £tatLinL'iils - continued li)i- thL YLai' Lndcd 31 Au iu%I 2023 COMPARA'fivTr's b'OR 'I'IID: STATTr=1F.N.r OF FIINAN(;IAI. ACI'IVITII iircslricted IILslriLILcl Iuiid ruiids 'I"olal liind% INC.'OMF. F'IIOM (il'anls 7,6()5 5,258 Oilicr li-dding aclivilies InvcsliiiL'nl inconie 2.1)2.3 2,02.3 'rolal I I,()011 1 (),8()Ci :XPTr:NI)I'I'UIITr' ON Charilable aLliviliL' Lli)ndtioiis 2,281 2,281 840 4,824 .5,()()4 I'otal 3,121 4,824 ,NTr:'I' INC()MTr: 8,487 4.34 8,921 IID:I:()NCII,IA'I'I()N l)F b'UYI)S 'I'()l¢il l uiid% bi'()Ll&)Iil I i)I'Wiil'd 43,()() 76,4C)7 I'() l-Al. b'llNI)S C.'AIIRIfr:D I,'()KWARD 52,-383 3.1,OU5 Pagc 11 LoiilinuLd.
Gclvin Arca Communit Associalion L.Id Notcs to the I,"inanLial Statemcnls - coiitinucd foi. thu Ycai" I,.ndcd 31 Au Iisl 2023 "I'A.NI:IBI,14. IXF,D AS.(iTr-.I'. I'ixlui'cs dnd ritling. I, I'cehold PI"OPLI1y AI I Scpicinber 2022 and 31 Augus12023 8,9.32 52,019 DF.I)IITr.CIA'I'I()N Ai I ScplL'inbei- 2022 12,930 IIC)2 7,()32 195 1,057 Al.I l AiiLvu4120?.3 13,7C)2 7,827 21,(Il l) NF.T BOI)K VAI.UTr: AI.31 ALigu412(123 21),2C)5 .1(1,4011 AI 31 Aug)Iis12022 I,iiio -31,457 ('_ li:1).1,()1t5. AM()UN'I'4i I,'Al.I,IN(: l)lJb: WI'I'IIIN ()Nb' Yb:All -31.8.22 ALLfu¥11s aiid dcfci'rLd iiiLoine 51() 4?7 M()VTr'MTr:N'I' IN I,-UNI)4i NLI IMc)vLmLnl in fund, Ai 1.9.22 -31.8.2.3 ljn rL's11'ii IL'd l u nds (ILIILI'al l uiiil 52.383 5,()73 5¥,.356 IIL's1 riL(L'd funds IIL'.slriclcd P uiid 11,517) .31.48 '1 O'I'AI, FUNI)S 85,388 4,456 89,844 PdgJL 12 conliiiiicd.,.
Gclviii Arca com1nL111it Association l_td Nolc's t() thc I,"inancial %laLethcnl8 Colltinucd or ihc Yeai. Liidccl 31 Au u%t 2023 MOVTr-MTr:INT IN Tr IJNDS- coiitinued Net InovL'm¢iil in funds, includcd in ilic abovc arc as follow%'. InL'oming rL'soui'Lcs IL4OLifLLS LXPLndLd MovLITIL'nl iii luiid.% UnrL'strieted I'unds (iL'IILi'¢l I fund 12,185 ((1,212) IIL'%lriitL'd I'unds 6,X6.3 18,IXOI 11,517} 'I'O"I'AI, b'urs'i),I 19,1)48 (14,5()2) 4,45() Compar#(ivL$ I'or movcmL'nl in funds NLI iY)()vL mL'nl At 1.9.21 -31.8.22 UnrL'sl I'iL'lod funds (JLiILf(Il Iiiiid 4.1.8()() 8,4X7 Il¢slriLIL'd funds IL%lriLILd I, urid -32.571 434 3.3,(1115 'I'()'I'AI, 14 UND() 76,467 8,()21 85.-3Y8 C UillPcll"4ili v¢ nL I IiiUVLLllviII in fuiidb, iii¥lud¥d iii IIIL dbvvL ¥ifL d5 Ivlluws.. InLoiniiiL rc%oui-ccs RL%(IiifLCS Nl()vLmLiII cxpcndcd in flind.% L, nresl i'iLI ed f'unds (JLlILI'al l uiiil 11,60 13.121) 8,487 Restrilted I'und Ilc.slriLlcd l.uiid 5,258 14.824) 'I'C)'I'AI. Tr UNI)S 16.861) (7.C)45 } P(Igc 13 conlinuLd...
Gelvin Arca Communit Associatioii Ltd NolLS l() IhL I, indnLial Statcnients - conlinlicd loi- thc YLdl- I,ndcd 31 Au Llst 2023 MOVTr.Mb,IYI" IIY Tr'li.NDS - contijiued A curi-Lnt yLar 12 Inoiiths and prior ycar 12 Inonilis coml)incd positioii i.4 a% fol lows: NL't movcmcnl iii I:Lind. Ai 1.9,21 Unreslrictcd funds CiCIILral fund 43,896 14,460 IIc5lrii IL'd funds IILs11-iLlcd E, uiid .32,571 I I,()8.3} '()'I'AI, II'UN I) 7(1.4(17 1.3.-377 è4(),X44 A CLlI'fLni yL'cir l ? iii()iiih% aiid pi'ii)r ycar 12 IiiL)nili% coinbiiiccl nLI iiic)vcimciil in fLiiid%, IllLILILIILI iii IhL ibuvL ai'L' (14 fol lowb.. Incoiiiiiig rLsuurLLS IILsoufLLS M(>vL'inc'iil L'Xl?L'ndL'd iii fuiid IlnrL'Stt'iLIL,d funds (icnir411 l uiid (9,-1331 14,460 IIL'striLtL'd fundy I£L%lriLILd I. uiid 12,121 {1.3.21)4} (1,118.3) 'I'O"I'AI, bUND4i .35 ()14 (?2,5.37) iiTr;I,A'I.:1) I'AR'I'Y I)1,SC."I,OSUKTr:S 'I"hcrc wLrL' i)() rLlatLd parly Iransac(i()n% Inr IhL yLar Lndcd .1 I ALlb?Li%l 20?.3. ])agc 14
Gclvin Arca Cominuiiit AssoLialion I.td
l)elailed Statcinent of F iniilltiidl Aclivitics
lor ihL Ycdi. I:.nded .31 .4u
USI 2023
-31.8.22
Uiircstriclcd
Icstrictcd
lunds
"I"()tdl
INC;()Mb:
Cyrants
,£LII)sLripiiun
L'.<lU%L W(iy ('O¢l.¥l & (i Icns Iloroug?l]
Cuiiiiiiliiiily l)L'vLI(IpiiiLnl
240
240
1()5
1,()5_3
7,500
7,500
7,-5011
447
C.'LILIS¥W¢ly ('. (Iii%l & G ILI)5 I3(.. l.illL'r PiLk
WL%ILI-11 I-IL'alili & %oLial Cai-L 'l'i'u%l
windi)w
KalL l.¢lg7an l-.ouiidiiliLin
C.'
GL'lvin Arca CommLlllit Associatii)n l.td l)ctailcd 8iatClT)eiil of I, inancial AcliviliL t()r thL' YLai- L ndcd 31 Au Lisl 2023 Unrc%triolLd IILstrictcd fuiids "l-()t<il -1.olal ruiids ()thcr 131'()iiLilii forward P()%l<lg?L (Iiid sl(ilioncry iiiidric% Accouiilancy Eces Ilalc4 ¢iiid water IILpair V()1 LiiilcLr% - l.illci' L'osl (Il. l.iVillL Pkiyinenls ( Jrol %crviLL ('Iii'i%liiiclS bJf¢iluilics I, lin l.)'iy l)cprLLialion ()1" Icingiblc fixcd cl%%Lt% 3aiil< leL'% 351 27 IC)2 (2()8) 25 .150 1,051 81 1,402 11)8 192 8.3 ?()() 427 905 76 101 -350 411 I,(100 .5,()1)(I 2111 (1.000 21 () 1,200 520 1,057 .3 .521) 1,091 -ic) 8,3XO 11.7X() .5,01)4 'I'oliil rcsoLirL¥s L'xpLndc'd 6,212 8,3XO 14,592 .NL'I inL<)niL 5,97.3 4,45() 8,921 Thi% Pcigc doc4 nol loi-ln Parl uf ihL' slatiilory fiiiaiiLicil slalcimc'nl l)agc 16