COMPANY REGISTRATION NUMBER: N1035971
CHARITY REGISTRATION NUMBER: NIC104578
Gelvin Area Community Association Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 August 2025

Pa¥yc | I
Gelvin Area Community Association Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2025
Page
Trustee's annual report (incorporating the trustee report)
Independent examinerfs report to the directors
Statement of financial activities (including income and
expenditure account}
Statement of financial position
Notes to the financial statements
8-16
The following pages do not form part of the financial statements
Detailed statement of financial activities
17
Notes to the detailed statement of financial aclivities
18

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Gelvin Area Community Association Limited
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report)
Year ended 31 August 2025
The directors, who are also the directors for the purposes of company law. present their report and the
unaudited financial ststements of the charity for the year ended 31 August 2025.
Reference and administrdtNe detsils
Re9iStered charity name
Gelvin Area Communty Association Limited
Company registration number N1035971
Charty registration number
NIC104578
Principal office and registered 191 Legavallon Road
office
Dungiven
Co Derry
BT47 4QW
The directors
Hugh Eugene Mccloskey Inow de¢easedl
Sean Far￿11
Henry Forsylhe
Susan McKenna
Patrick Emmett McNicholl
Independent examiner
Patrick O'Hagan
122 Main Street
Dungiven
Co Derry
BT47 4LG
Structure, govemance and management
Gelvin Area Community Association Limited 1$ a company limited by guarantoe and accepted as
charitable by HMRC. The company was incorporated on 9 April 1999.The company was established
under a Memorandum of Association which established the objects and powers of the company and is
governed by 115 Articles of Association. The board consists of the five dire￿Or$.
Objectives and acttvities
Objectives and activities
The company's ¢haritsble objectives are io make provision for the b¢nefii of the inhabitants of the Gelvin
District and surrounding area irrespective of age, gender, race, political opinion or religion by bringing the
community together in an effort to provide educationa] and social activities, to assist and cater for the
elderly, lo preserve th¢ rnvironment and heritage of the area and to prowde facilities for recrvdtional and
leisw¢ activities thereby improving the quality of life.

Gelvin Area Community Association Limited
Company Limited by Guarantee
Directors, Annual Report (Incorporating the Directorfs Report) {conbnuedJ
Year ended 31 August 2025
Financial review
The financial result5 of the company for the year ended 31 August 2025 are in line with expectations.
The cenlres main source of Income remains grant income.
During the year ended 31 August 2025 the company made a net surplus of £5.491, this is shown on
page 5 to the accounts.
Small Company provlsions
This report ha5 been prepared in accordance with the provisions applicable to companies enliued to
the small companies. exemption.
The directors. annual report was approved on 2 December 2025 and signed on behalf of the board of
trustees by..
Patrick Emmett McNicholl
Directo

Pabie | 4
Gelvin Area Community Association Limited
Company Limited by Guarantee
Independent Examinerfs Report to the Directors of Gelvin Area Community
Association Limited
Year ended 31 August 2025
report lo the direthrs on my examination of the financial statements of Gelvin Area Community
Association Limited I'lhe charrty'l for the year ended 31 August 2025.
Responsibilities and basls of report
As the directors of the company (and also bts directors for the purposes of company lawl you are
responsible for the preparation of the financial slalemenls in accordance with the requirements of
Charities Act (Northern Ireland) 2008 (the '2008 Act'l and the C(>mpanie5 Act 20C6 Ithe 2006 Act'i.
You are satisfied that the a¢¢ounls of the company are not required by ¢hanty or company law lo be
audite<l anLI have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination. I report in ￿SpeCt of my examination of
the charity's financial statement5 a5 carried out under section 65 of the 2008 Act. In carrying out my
examination I have folltswed the general Directions given by the Charity Commission for Northem
Ireland under section 6519llbl of the 2008 Act.
Independent examinerfs statèment
I have completed my examination. I confimi that no matters have come lo my attention in connection
with my examination giving me cause to believe that in any material respe¢t'.
a¢¢ounling re￿rdS were not kept in respect of the charity as required by sectitsn 386 tsf the
20C6 Act., or
the finantiaS statements do not accord wth those records- or
the financial 51alements do not comply with the accounting requirements of section 398 of
the 2006 Act other than any ￿qUirement that the accounts give a 'true and fair, view which
is ntst a matter considered as part of an independent examination., or
the finanual statements have not been prepared in accordance wtth the method5 and
principles of the Stslement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordan￿ with the Financial
Reportin9 Standard applicable in the UK and Republi¢ of Ireland {FRS 102}.
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of th
ounls lo be reached.
PFS Accounlanls and Auditor5 Ltd
Independent Examiner
122 Main Street
DungNen
Co Derry
8T47 4LG
2na December 2025

PagTC | 5
Gelvin Area Community Association Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 August 2025
2025
Restrieted
fund5 Total funds
2024
Unrestricted
funds
Total funds
Note
Income and endowments
Grants
Donations and legacies
Other trading adivities
Total incoma
7,500
1.150
7.934
2,953
10,453
1,150
7,934
8,411
1.561
2,169
16,584
2,953
19,537
12,144
Expenditure
Expendtture on charitsble actwilies
Total èxpenditure
11,443
11,443
2,603
14,046
7,036
7,036
2,603
14,046
Net income and net movement in funds
5,141
350
5,491
5,108
Reconciliation of funds
Total funds brought fO￿ard
Total funds carried forward
64,455
30,497
30,847
94,952
89,844
94,952
69,596
100.443
The stslemenl of financial activtbes indudes all gains and losses recognised in the year.
All income and expenditu￿ derive from continuing acb"vilies.
The ntstes on pages 8 to 16 fonn part of these flnancial 5tstements.

Gelvin Area Community Association Limited
Company Limited by Guarantee
Statement of Financial Position
31 August 2025
2025
2024
NolE
Flxed assets
Tangible fued assets
10
28,369
29,372
Current assets
Cash at bank and in hand
72,856
101,225
68,541
97,913
credito￿.. amounts falllng due within one year
Net current assets
11
782
2,916
65,580
72,074
Totsl assets less current Ilabilities
100,443
94,952
Credltors- amounts falllng due after more than on$ year
Net assèts
100,443
94,952
Funds ofthe charfty
Restricted funds
Unrestricted funds
30,847
69,596
100,H3
30.497
64,455
Totsl charity funds
12
94,952
For the year ending 31 August 2025 the charty was entitled lo exemption from audit under section
477 of the Companies Act 2006 relating t? small companies.
Directors, responsibilibes..
The members have not required the company lo obtain an audit of ts financial statements for the
year in question in accordan￿ ￿th sects.on 476-,
The diTe¢lors acknowledge their responsibilities for complying wllh the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial ststements have been prepared in accordance with the provisions applicable lo
companies subject lo the small companies, regime.
The statement of financial position
continues on the following page.
The notes on pages 8 to 16 form part of these finan¢ial 5tat8ments.

PagTe | 7
Gelvin Area Community Association Limited
Company Limitsd by Guarantee
ststement of Financial Position (eontinuedj
31 August 2025
These financial statements were approved by the board of trustees and aulhorised for issue on 2nd
December 2025. and are signed on behaff of the board by-.
Patrick Emmett Mcnicholl
Director
The note$ on pag8s 8 to 16 ftsrm part of these financial statements.

Gelvin Area Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2025
General informatlon
The charity is a public benefit entity, and a private company limited by guarantee, regiSte￿d in
Northern Ireland and a registered charity in Northem Ireland. The address of the ￿gIstered office
is 191 Legavallon Road, Dungiven BT47 4QW.
Statement of ¢ompllanc•
These fin3n¢01 statements have been prepared in Compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of I￿18￿￿,, the Statement of
Recommended Practice applicable lo d)arities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities
SORP IFRS 10211 and the Companies Act 2006.
A¢¢ounting policSe$
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modffied by the
revaluation of certain finanaal assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial stslements are prepared in sterling, which is the functDnal currency of the entity.
Going concern
There are no malerfal uncertainties about the charity's ability lo mntinue.
Fund ac¢ountin9
Unrestricted lund5 are available for use at the discretion of the trustees to further any of the
charity'5 purposes.
Restri￿ed funds are subjected to reslri¢tion5 on their expenditure declared by the donor or
through the tem5 of an appeal and fall into one of sub<la55e5: restricted in¢ome funds or
endowment funds.

Gelvin Area Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (Cont￿U6￿)
Year ended 31 August 2025
Accounting policiès (¢oniinved)
Incoming resources
All incoming resources are included in the stslement of financial activities when entiuernent has
passed to the Charity., it is probable that the economic beneffts associated wrth the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied lo categories of Income..
inwme from donab'tsns or grants is recogni5ed when there is evidence of entitlement to the
gfft, receipt is probable, and its amount can be measured reliably.
legacy income 1$ ￿cogniSed when receipt is probable, and entrfement 1$ established.
income from donated goods 15 measured al the fair value of the goods unless this is
impractical lo measure Teliably, in which case the value is derived from the cost lo the donor
or the estimated resale value. Donatell facilites and seNices are recognised in the
accounts when received if the value ¢an be reliably measured. No amounts are Included for
the contribution of general volunteers.
income from contracts for the suppty of services is recognised with the delwery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for il lo be spent on a particular purpose and relumed rf unspent. in which case
it may be regarded as restricted.
Resou￿95 expended
Expenditure 18 recognised on an accruals basis as a liability is incurred. Expendrture includes any
VAT which cannot be fully recovered, and is Classified under headings of the stslernent of
financial a￿1Ville5 to which il relates..
expenditu￿ on raising fvnds includes the costs of all fundraising artNltSes. events,
non-charitable trading activities, and the sale of donated goods.
expendf(ure on Charitable activities includes all costs incurred by a charty in undertaking
activities that further its charitable aims for the benefrt of its beneficiaries, including those
support costs and costs relating to the governance of the charty apportioned lo charitable
activities.
other expenditu￿ includes all expenditure that is neither related lo raising funds for the
charty nor part of ils expenditure on charitsble aclivib"es.
All costs are allO￿ted to expenditure categories reflecting the use of the resource. Direct Costs
attributable to a single activity are allo)cated diredy to that aclivty. Shared costs are apportiontsd
between the aclivkn'es they contribute lo on a reasonable, justifiable and consislenl basis.
Tangible assets
Tangible assets are inf(lally recordeL1 at cost, and subsequently staled al cost less any
accumulated depreciation and impairment losses. Any tangible assets carried al revalued
amounts are recorded at the fair value at the dale of revaluation less any subsequent
accumul8ted depreciation and subsequent accumulated impairment los$¢$.

Pa￿e | 10
Gelvin Area Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (witinued)
Year ended 31 August 2025
Accountin9 poIici•s
Tangible a55ets {GonknuedJ
An increase in the carrying amount of an asset as a result of a revaluation. 13 recognised in other
recognised gain5 and losses, unless It reveises a charge for impaimienl that has previousty been
recognised as expenditure wf(hin th$ statement of financial activtbes. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other re¢ognised gain5 and losses,
except to which il offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the stslement of financial activities.
D8pre¢iatlon
Depreciation is calculated so as lo write off the cost or valuation of an asset, less ils residual
value, over the useful economic life of that asset as follows..
Fixtures and fittings
Freehold propèrty
15% reducing balance
2% straight line
Impairnient of fixed assets
A review for indicators of impairnient is carried out at each reporting dale, with the recoverable
amount being estimated Whe￿ such indicators exist. INhere the carrying value exceeds the
recoverable amount, the asset 15 impaiTed accordingly. Prior impairments are also reviewed for
possible reversal al each reporting date.
For the purposes of impairment lestsng, when il 15 not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the re￿Verable amount of the
cash-generaling unit lo which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflgws from other assets or groups of assets.
For impaiment testing of goodwill, the goodwll acquired In a business combination is. from the
acquisition dale, allocated to eaeh of the cash-generaling units that are expected to benefrt from
the synergies of the combination, i￿eSpective of whether other assets or liabilities of the charty
are assigned to those units.
Government grants
Govemment grants are recognised at the fair value of the asset received or receivable. Grants
are not recognised until there is reasonable assurance that the Charity will comply with the
conditions attaching lo them and the grants will be received.
Where the grant does not impose specified future performance-relaled conditions on the
recipient, it 15 recognised in income when the grant proceeds a￿ received or receivable. Where
the grant does imp05e specified future performance-related conditions on the recjpient, it is
recognised in income only when the perfonnance-related conditions have been met. Where
grants recewed are prior to satisfying the revenue re￿9n￿(lOn criteria, they are recognised as a

PagTre | 11
Gelvin Area Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (conthued)
Year ended 31 August 2025
Accounting policies fc+Jrttinued)
Financial instruments
A financial asset or a fir5ancial liability is recognised only when the charity becomes a paty to the
nlractual provision5 of the instrument.
Basic financial instruments are inrtially recognised al the amount receNable or payable including
any related transaction costs.
Current assets and current liabilities are subsequenlty measured at the cash or other
Consideration expècted to be paid or received and not dI￿OUnte¢l.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequenuy measured al
cost less impaimienl.
other financial instruments, including derivatives, are ini(ially re¢ognised at fair value, unless
payment for an asset is deferred beyond normal business terms or finanGed at a rate of interest
that is not a market rate, in which case the asset is measured al the present value ol the fvture
payments discounted al a market rate of interest for a similar debt instrument.
Other financial instruments are subsequentty measured at fair value, with any changes
recognised in the statement of financial activities, wth the exception of hedging instruments in a
designatèd hedging relabonship.
Financial a55ets that are measured al cost or amortised cost are reviewed for objectThie evidence
of impaimonl al the end of each reporting dale. If there 15 objective evidence of impairment, an
impaimenl Ioss 15 recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardles5 of significance, and other financial assets that are
individually significant, these are assessecl individually for impairment. Other financial assets are
ether assessed individually or grouped on the basis of similar credit risk characlerisb"cs.
Any reversals of impairment are recognised immediately, lo the extent that the reversal does not
result in a carrying amount of the financial asset that eX￿edS what the carrying amount would
have been had the impairment not previously been recognised.
Defined contrfbution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an a98el to the extent
that the prepayment will lead to a reduction in future payments or a cosh refund.

PagTe | 12
Gelvin Area Community Association Limited
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 August 2025
Accountin9 policies (con1￿Ut&)
Dgfined contribution plan$ (¢ontinu¢d)
When contributions are not expected to be settled wholly wlhin 12 months of the end of the
reporting date in which the employees render the related service, the liability 15 measured on a
discoLtnted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
The Company is limited by guarantee of ts members and doe5 not have share capital. The
liability of members is limrted lo £1.
Donations and Legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Grants
Evishngaran Wind Farm Ltd
Causeway Coast & Gbens Council
7.500
7.500
2.953
2,953
7,500
2,953
10,453
Other trading a¢tivilig$
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Book sales
Subscriptions
Coffee Morning
Chartty Collection
Irish Society Gr8r¥t
Quiz
Children In Crossfire
Oonalons
Deposit A￿Ount Interest
Rent
73
230
1,181
73
230
1.181
77
145
145
1,745
780
1,196
1.008
142
2,508
1,560
1.745
780
1,196
1,008
142
2,508
1,560
609
1,560
609
1,560
9,084
9,084
3,730
3.730

Pagtre | 13
Gelvin Area Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢onlinue¢
Year ended 31 August 2025
Expènditure on charitable activities by fund typg
Unrestricted
Funds
Restricted Totrl Funds
Funds
2025
Oirect charitable expenditure
Other costs
11.443
2,603
2,603
14,046
11,443
14,046
Net income
Net In￿Me is staled after chargingllcredstingl..
2025
2024
Depreciatron of tsngible fixed assets
1,003
1,028
Independent examination fggs
2025
2024
Fees payable lo the Independent examiner for".
Independent examination of the financial statements
1,058
793

Gelvin Area Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (Conl￿ve￿)
Year ended 31 August 2025
10. Tangible fixed assets
Fixtures and
fittings
FTeehold
Property
Totsl
Cost
At 1 Septembgr 2024
Depreciation
Al 1 September 2024
Charge for the year
At 31 August 2025
Carrying amount
At 31 August 2025
At 31 August 2024
8,932
43,087
52,019
7,993
141
14.654
862
22,847
1,003
23,675
8,134
15.516
798
27,571
28,369
29,372
939
28.433
11. Creditors: amounts falling due wlthin one year
2025
2025
Accruals and deferred income
782
2,961
782
2,961

Pa&Te | A5
Gelvin Area Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements f¢onluTruedJ
Year ended 31 August 2025
12. Analysis of charitsble funds
Unr¢$tricted funds
At
31 August 2
025
Al
I Sept 2024
Income Expenditure
General funds
64,455
16,584
111,443)
69,596
At 1 Sept
2023
AI 31Augu5t
2024
Income ExpenditUTe
General funds
58,356
11,233
15,134)
64.455
Restricted funds
At
31 August 2
024
Al 1 Sept
2D24
Income Expend¢ture
Restricted Fund
30,497
2,953
{2,6031
30,847
Al
31 August 20
24
Al
1 Sept 2023
Income Expenditure
Reslricled Fund
31,488
911
11,9021
30,497

Pab?e | 16
Gelvin Area Community Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢onlinuedJ
Year ended 31 August 2025
13. Analysis of net assets between funds
Unrestricted Restricted
Funds
Funds
Total Funds
2025
Tangible fixed assets
Current assets
Creditor5 le55 than 1 year
28,369
3,260
(7821
28,369
72,856
(182}
69,596
Net assets
69,596
30,847
100,443
Unrestricted Restrictsd
Funds
Funds
Totsl Funds
2024
Tangible fixed assets
Current assets
Creditors less than l year
29,372
4,086
12,9611
29,372
68,541
{2,9611
64,455
Net assets
64.455
30,497
94,952

Pabye | 17
Gelvin Area Community Association Limited
Company Limited by Guarantee
Management Infomiation
Year ended 31 August 2025
The following pages do not form part of the financial statements.

Paive | 18
Gelvin Area Community Association Limited
Company Limitsd by Guarantee
Detatled Statement of Financial Activities
Year ended 31 August 2025
2025
2024
Income and endomnents
Donations and legacies
Subscriptions
Evi5hagaran Wind Farm Limrfted
Causeway Coast & Glens Borough Council
Coffee MornSng
Book sale
Donations
Rent receivable
Interest re¢eivable
Charity Collection
Irish Society Grant
Children In Crossfire
Quiz
145
7.500
2,953
230
7,500
911
1,181
73
80
1,560
609
142
1.560
2,508
1,745
780
1,008
1,196
Totsl income
19,537
12,144
Expenditure
Expènditure on ¢haritabl• a¢tivitie5
Cost of living payments
Petty cash
Insurance
Light and heal
Repairs and maintenance
Printing, postage and ststionary
A¢countan¢y Fees
Bank Charges
General expenses
Day Trip
Fun Day
American Fplk Park Visit
Catering expenses
Painting Class
School F<eunion
Donations
Depreciation
200
100
810
858
321
82
793
33
162
89
823
1,069
3,074
47
1,058
38
221
310
94
385
3,086
139
874
1,681
1.028
2,704
1.003
Total expendlture
14,046
7,036
Net income
5,491
5,108