COMPANY REGISTRATION NUMBER. N1032234
CHARITY REGISTRATION NUMBER: NIC 106111
Upperlands Community Development Ltd
Company Limited by Guarantee
Unaudited Financial Statements
30 September 2022
ER
Chartered accountants
Gilmour & Co Limited
25 High Street
Carrickfergus
Co Antrim
BT38 7AN

Upperlands Community Development Ltd
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2022
Page
Trustees, annual report (incorporating the directors, report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

Upperlands Communlty Development Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directors, Report)
Year ended 30 September 2022
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 30 September 2022.
Reference and administrative detsils
Reglstered charlty name
Upperlands Community Development Ltd
Charlty reglstrallon number
NIC 106111
Company reglstratlon number N1032234
Prlnclpal off Ice and registered The Linenhall Centre
office
67 Kilrea Road
Upperlands
The trustees
D Lamont
M R O'Kane
G Mcllwaine
G Kirkpatrick
A Kirkpatrick
D Leacock
L Rowe
W Montgomery
(Resigned 7 March 2023)
(Resigned 15 November 2022)
Independent examlner
Robert J Gilmour FCA
Gilmour & Co Limited
25 High Street
Carrickfergus
Co Antrim
BT38 7AN
Structure, governance and management
The company is run by a board of Truslees who are also the dirgctors ot the company. It is governed
by its Memorandum & Articles of Association.
The Trust98s work with a team of dedicated volunteers and have in the past worked with the probation
board. the local jobcentre and network personnel to help those who have been long term unemployed
get back to work and workllrain with the company to prepare them for back to work.

Upperlands Community Development Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directors, Report) (contlnued)
Year ended 30 September 2022
Objectlves and actlvltles
The principal activity of the company is to facilitate Ihe improvement and development of social and
economic conditions tor the people living in the Upperlands area. The company works with local
community, Statutory authorities, voluntary and other organisalions to provide seNices for children and
young people. adults and ensures older people are supported and socially included. The company also
aims to support economic activity and job creation, to improve health and wellbeing of the entire
community, building cross community relation and to provide art, leisure and recreation activities for
the community.
Tha companys centre includes a large hall, small hall and board room and is used by local and
surrounding communities for events, Classes and meetings, church groups. youth club, afterschools
club etc. A weekly luncheon club for the elderly is run by the centre.
Other recent activities i￿lUde set up of a mental health group. a couch to SK fitness and wellbeing
programme, Christmas tree switch on event, 4th of July cultural celebration and a visitor centre cultural
programme.
Strateglc report
The following sections for achievements and performance and financial review form the strategic
report of the charity.
Achlevements and performanc8
The company normally runs well supported community events, craft fairs, summer markets, Christmas
Tree Switch on and Halloween parties etc. However due to the global pandemic all 'in person. activities
ceased. UCDL were involved in delivering food parcels, meals on wheels, prescription collection and
delivery, delivering craft packs for the children and a virtual Christmas light switch on. The centre also
has units and industrial workshops available to rent at very competitive rates and we have helped a
number of small businesses with start-up advice atc. The company also owns the Flax Coffee Shop
and Flax Visilor Centre which are assets to the communily and the Trustees feel that these help ease
high levels of social isolation giving people central community meeting places.
Flnanclal review
The charity'5 results show an excess of expenditure over income for the year. Despile this the
unrestricted reserves are still comfortably in excess of 12 months expenditure. Unrestricted reserves at
30 September 2022 amounted to £71.072. 12021 £82.757, while restricted reserves amounted to
£403,222. {2021 £419,385).

Upperlands Community Development Ltd
Company Limited by Guaranlee
Trustees, Annual Report (Incorporating the Directors, Report) (contlnued)
Year ended 30 September 2022
The trustees, annual report (incorporating the directors, report) and Ihe strategic report were approved
on24May2
an
signed on beh
f of the board of trustees by:
Gmcl
Truste
aine

Upperlands Community Development Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Upperlands Community
Development Ltd
Year ended 30 September 2022
I report to the trustees on my examination of the financial statements of Upperlands Community
Development Ltd ('the charity,) for the year ended 30 September 2022.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of
Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act,).
You are satisfied that the accounts of the company are not required by charity or company law to be
audited and 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 respect of my examination of
the charity's financial statements as Carried out under section 65 of the 2008 Act. In Garrying out my
examination I have followed the general Directions given by the Charity Commission for Northern
Ireland under section 65(9)(bl of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection
with my examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act., or
the financial statements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is
not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}.
I confirm that there are no other matters to which your attention should be drawn to enable a proper
underst
In
f the accounts to be reached.
mour FCA
ent Examiner
Ind
pe
our & Co Limited
25 High Street
Carrickfergus
Co Antrim
BT38 7AN
24 May 2023

Upperlands Community Development Ltd
Company Limited by Guarantee
Statement of Flnancial Activities
(Includlng income and expenditure account)
Year ended 30 September 2022
2022
Reslricted
funds Total funds Total funds
2021
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Investment income
Other income
4,443
31
23,748
28.222
4,443
31
23,748
28,222
25,971
27,777
Total Income
53,756
Expenditure
Expenditure on charitable activities
Total expendllure
39,907
39,907
16,163
16.163
56,070
67,219
56.070
67,219
Net expendlture and nel movement In
funds
111,685)
(16,163)
(27,8481
113.463)
Reconclllalion of tunds
Total funds broughl forward
Total funds carried lorward
82.757
419,385
403,222
502,142
474,294
515,605
502,142
71.072
The slatement of financial activities includes all gains and losses recognised in the year.
All income and expendilure derive from continuing activities.
The notes on pages 7 to 15 fom) part of thes8 Ilnanclal statement8.

Upperlands Community Development Ltd
Company Limited by Guarantee
Statement of Financial Position
30 September 2022
2022
2021
Note
Flxed assets
Tangible fixed assets
15
405,022
422,512
Current assets
Debtors
Cash at bank and in hand
16
36,115
35.820
40,640
41.108
81.748
71,935
Creditors: amounts falling due wlthln one year
Net current assets
17
2,663
69,272
474,294
474,294
2.118
79,630
502,142
502,142
Total assets less current liabilities
Net assets
Funds ol the charlty
Restricted funds
Unrestricted funds
403,222
71.072
419,385
82,757
Total charity funds
18
474,294
502,142
For Ihe year ending 30 September 2022 the charity was enlitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476-
The directors acknowledge their responsibilities for complying with Ihe requir8mgnts of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subjecl to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 24 May
2023
are signed on behalf of Ihe board by:
Ilwain8
stee
The noles on pages 7 to 15 fomi part of Ihese flnanclal staternents.

Upperlands Community Development Ltd
Company Limited by Guarantee
Notes to the FinancFal Statements
Year ended 30 September 2022
General Intormatlon
The charity is a public benefit entity and a private company limited by guarantee, registered in N
Ireland and a registered charity in Northern Ireland. The address of the regislered office is The
Linenhall Centre. 67 Kilrea Road, Upperlands.
Slatement of compllanco
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 Practice applicable to charilies preparing their accounts in accordance with Ihe
Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 1021 (Charities
SORP (FRS 10211, the Charities Act (Northern Ireland) 2008 and the Companies Act 2006.
Accounting policies
Basls ot 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 entily.
Golng concern
There are no material uncertainties about the charity's ability to conlinue.
Dlsclosure exemptions
The charity has taken advantage of the provisions in the SORP lor charities applying FRS 102
Update Bullelin 1 not to prepare a Statement of Cash Flows.
Judgements and key sources ol estlmallon uncertalnty
In the application of the charitls accounting policies, the trustees are required lo make
judgements estimates and assumptions about the carrwng amount of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumptions are
based on historical experience and other faclors that are considered to be relevant. Actual results
may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
estimates are recognised in the period in which the eslimale is revised where the revision affects
only that period. or in the period of revision and luture periods where the revision affects both
current and future periods.

Upperlands Community Development Ltd
Company Limited by Guarantee
Notes to the Financial Statements (conNnued)
Year ended 30 September 2022
Accountlng pollcles (contlnued)
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.
Flestricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and lall inlo one of two sub-classes: restricted income funds or
endowment funds.
Incomlng resources
All incoming resources are included in the statement of financial activities when entitlemenl has
passed to the charity- it is probable that Ihe economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular calegories of income:
income from donalions or grants is recognised when thore is evidence of entitlemenl to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the lair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facililies and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contraoled service. This is classified as unrestricted funds unless there is a contractual
requirement for it lo be spent on a particular purposa and returned if unspont, in which case
it may be regarded as restricted.

Upperlands Community Development Ltd
Company Llmlted by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 30 September 2022
Accounting policies (conflnugd)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannol be fully recovered. and is classified under headings of the statement of
financial aclivilies to which it relales:
expenditure on raising funds includes the costs of all fundraising aclivities, events, non-
charitable trading activilies. and the sale of donated goods.
expenditur8 on charitable activtties includes all costs incurred by a charily in undertaking
activities that further its charitable aims for the benefit of ils beneficiaries. including those
support costs and costs relating to the governance ol the charily apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the us8 of the resoLFrce. Direct costs
attributable to a single activity are allocated directly to that aclivity. Shared costs are apportioned
be￿een tho activities they contribute to on a reasonable, justifiablg and consistent basis.
Tangible assets
Tangible assels are initially recorded at cost. and subsequently staled at cosl less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded al the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a resull of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the slatement of financial activities. A decreas8 in the carrying
amount ol an asset as a result of revaluation. is recognised in olher recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial aclivilies,
Depreclation
Depreciation is Galculated so as to wrile off the cost or valualion of an asset, less its residual
value, over the useful economic life of that asset as follows:
Freehold property
Plant and machinery
Fixtures, Fittings and
Equipment
Straight Line over 60 years.
Fully depreciated
50/0 reducing balance

Upperlands Community Development Ltd
Company Limited by Guarantee
Notes to the Financlal Statements Icontlnued)
Year ended 30 September 2022
Accountlng pollcies (contlnued)
Impalrment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimaled where such indicators exist. Where the carrying value exceeds the
recoverable amount, Ihe asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible lo estimate the recoverable
amount of an individual assel, an estimate is made of Ihe recoverable amounl of the cash-
generating unit to 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 independenl of the
cash inflows Irom other assets or groups of assets.
For impairment testing of goodwill. the goodwill acquired in a business combination is, Irom the
acquisition date. allocated to each of the cash-generating unils that are expected to benefit from
the synergies of Ihe combination, irrespective of whether other assets or liabilities ol th8 charty
are assigned to those units.
Financlal Instruments
A financial asset or a financial liabilily is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subs8quenlly measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt inslrurnents are subsequently measured at amortised cost.
Where invesiments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value wilh changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments. including derivatives, are initially recognised at fair value, unless
payment for an assel is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate ot interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial aclivities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets Ihat are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting dale. If there is objective evidence of impairmenl, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gairb was recognised.
10

Upperlands Community Development Ltd
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 30 September 2022
Accountlng pollcles (contlnued)
Flnanclal Instruments (contlnued)
For all equity instruments regardless of significance. and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately. to the extent that the reversal does not
result in a carrying amount of the financial asset Ihat exceeds what the carying amount would
have been had the impairment not previously been recognised.
Llmlted by guarantee
The Company is limited by guarantee. In accordance with the company's Memorandum of
Association the members have undertaken lo contribute to the assets of the company in the
event of it being wound up, an amount not exceeding £1 each.
Donatlons and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Donatlons
Donations
5,000
5.000
Granls
Grants receivable Covid 19
4,443
4,443
4.443
4,443
20,971
25.971
20,971
25,971
Investment Income
Unrestricted Tolal Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Investment Income
31
31
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Other income
Rental Income
1,575
22,173
23.748
1,575
22,173
23,748
4.015
23.762
4,015
23,762
27,777
27.777
11

Upperlands Community Development Ltd
Company Limited by Guarantee
Notes to the Financial Slatements (contlnuedj
Year ended 30 September 2022
Expendlture on charltable actlvltles by fund typ•
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Support costs
39,907
16,163
56,070
Unrestricted
Funds
Restricted Total Funds
Funds
2021
Support costs
51.056
16.163
67.219
Expendlture on charltable activitles by activlty type
Total funds
2022
Total fund
2021
Support costs
Charitable Activity
56,070
56.070
67.219
10. Analysis of support costs
Analysis ol
support cosls
actlvlty 1 Total 2022 Total 2021
Wages and salaries
Rent. rates and insurance
Property costs
Accountancy costs
Bank charges
Ollice running costs
Depreciation on equipment
Depreciation on freehold property
Legal and Professional
Sundry Expenses
10,384
6,435
15,412
1.125
10,384
6,435
15,412
1,125
148
1,489
1,327
16,163
593
2.994
11,153
6.385
10.625
1.003
141
2,381
1,397
16.163
2,000
15.971
1,489
1,327
16.163
593
2,994
56,070
56,070
67,219
11. Nel expenditure
Net expenditure is staled after chargingllcrediting)-'
2022
2021
Depreciation of tangible fixed assets
17,490
17.560
12

Upperlands Community Development Ltd
Company Llmited by Guarantee
Notes to the Flnancial Statements (contlnued)
Year ended 30 September 2022
12. Independent examlnation fees
2022
2021
Fees payable to the independent examiner for..
Independent examination of the financial statements
1,125
1,003
13. Staff costs
The average head count of employees during the year was 1 12021: 11. The average number of
full-time equivalent employees during the year Is analysed as follows:
2022
2021
No.
Number of Administralion staff
In addllion, the chaTlty had 15 volunteers during the financial year.
No employee rec&ived employee benefits ol more than £60,000 during the year12021: Nil).
14. Trustee remuneratlon and expenses
None of the Irustees lor any person Gonnected wlth them)received any remuneration or beneflts
from the charity during the year,
15. Tangible flxed assets
Freehold
property
Plant and
machinery Equiprnenl
Total
Cost
At 1 Oct 2021 and 30 Sep 2022
Depreciation
At l Oct 2021
Charge for the year
At 30 Sep 2022
Carrylng amounl
At 30 Sep 2022
AI 30 Sep 2021
969,782
24,124
101.820
1,095,226
574,591
16,fj63
24.124
73,999
1,327
672,714
17,490
690,204
590,754
24,124
75,326
379,028
395,191
25,994
405,022
27,321
422,512
16. Debtors
2022
2021
Trade debtors
Amounts owed by group undertakings
1,525
39,115
40,640
36,115
36,115
13

Upperlands Community Development Ltd
Company Llmlted by Guarantee
Notes to the Flnancial Statements (conllnued)
Year ended 30 September 2022
17. Credilors: amounts talllng due wlthln one year
2022
2021
Trade creditors
Accruals and deferred income
Social security and other taxes
471
1,275
917
497
1.275
346
2,663
2,118
18. Analysls of charltable funds
Unrestrlcled funds
At
Income Expenditure 30 Sep 2022
At 1 Oct 2021
General funds
82,757
28,222
139.9071
71,072
At
Income Expenditur8 30 Sep 2021
Al 1 Ocl 2020
General funds
80.057
53,756
(51,056)
82,757
Restrlcted funds
At
Income Expenditure 30 Sop 2022
At 1 Oct 2021
Restricted Funds - Property
419,385
(16.163}
403,222
At
Income Expenditure 30 Sep 2021
At 1 Oct 2020
Restricted Funds - Propety
435,548
116,1631
419.385
14

Upperlands Community Development Ltd
Company Llmlted by Guarantee
Notes to the Flnancial Statements (contlnued)
Year ended 30 September 2022
19. Analysls of net assets between funds
Unrestricted
Funds
Reslricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
25.994
47,742
(2,6641
71,072
379,028
24.194
405,022
71,936
12.664)
474,294
403.222
Unrestricted
Funds
Restricted Total Funds
Funds
2021
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
27,321
57,554
12,1181
82.757
395,191
24.194
422,512
81,748
{2,118)
502,142
419,385
15