Chwlty numer: NIC1061Z Bht Communlty Awcl•kn Llmll Company Ilmlted by guaf•l•• 31 2019 P. McGr4dy & C Chartered Account#nts & R•gwtsr•d A*1 21• Market Str••t Co Dow BT30 6LP TeL' If28 44614340
Olrectu* r•wt atemwrt of finandd p N(kn• lo thè finvla1 •Lql•m•ni• 8-11
Mr J) M8 Mr Hh Vemntsy lrn Mavls C(xkn Mr Sean Bla Joan L IAr Cyril Md(mn8y Mr E(frA¥rd Shanthi Mr Sean McLwhUn Phyttts LTh•¥ Mr Martkn Rarwghan cOmpY numb Chwlty MC1(120 RwJlat•Md ¢rflk 66 B•oe Rt*l BT30 8AR Eamom P. McGrathy & C 21a Paathet Co Ov• aT30 IV Bk ol Irelar#l Co Dcwi BT30 6LZ
Yow er•d&l 31 March 2019 31 Mgrch 201 Dlr•ctorn The dir•¢>M •eNed Iho CaTrY the fdkM•'. Mr McL•trJh Mr Hugh Venney Mrs Mavls Conlon Mr Searb 8lan•y Mr lkni ¢YConnor Mr8 Joan Law Mr McKlnMy Mr EdBrd ShaNYn Mr Sean McLaughlln IAr8 ph1 Lalr&Shapkn Mr Martin R•nauh report been pry•S In ttcordaw vAh aFWkth to LYAnplfj1 •ntiil•d io Ihe •mdl comwnleo ex•mFllon. Thb rawl aFVad ty the bDvd ofdlr•¢*¢n on 22 2019 •rn1 •1gn•d t)n behallof tho board wtwt C PAavh
Y•w •nd•d 31 IAch 201• In ofthr to ti88t to fuifd Y( Lnd•r the Ccthpw¥•s A£1 20(E. h¥8 wepafJ for your pyov•l tht finandal 8tatements ol Brlght Ccmmuity A88oGlallw Lwniled the year ended 31 Marth 2019 comwY6e the Glatement of Mehens[Vt m(xMne. Statement ol flnGla1 F11C. 6Ltsnent ol tharvJes wi have aivan . A8 a practishw fkni of CharterrA1 ILcourt48 Irda we we 8W tr Its 8tNcd oth•r Thkn report Is mad• Éddy to th• boafd of dir•th of Br4ht Clxnmunty Ix8ociion Lirnll, as o body, ' acccldance vlth the tèrm8 of our ew8gemert letter. Ow b••n ur•J•rtaken to yep8re for your arvoval the lknanGW statem?rt6 crf Commuilty A•80c) Umltrjj aThJ State thcv maltorn that wa hav• agreed to #tate to the bowd of dirertor• of COMMlty kn¢aaiion "mIted a8 o t. kn thii report in accordance Trhiih th• requiremerts of Chartered knountsnts Ireland as detalbj •t VAW.chart•r•daecountants.i& To thè fulle#t ext•ftt pemiftted by Iw, do •eeapl or 48sume rtsrMMit4'1ty to ane other than BrWI Commurity LtmlteAI aThd board of dire¢lor8 a8 a bcdy for our or fcthkn rewL It l• dutyto •Mur• thit Commuth L1 h •Jequate accountkng r•¢orth and tt> Fxopare 8talulwy fknanclal 8tatements that oh a true •wJ fak of the a86èts. ILqbllRle8, financlal rth1t11 fjnd loss (rf Brbjtrt Cc#nmunlty A88ocIkn Lknlted. You rI)je1 Ihat C+)mmuiW A8soGIi Umlt•d exemrA from th• •tstuiryy 0j1t forth• y. W¢ h•ve not bmn k•lructed to cary i111 or a re41 of tho finandd •tement8 of 8rW Communlty A8ociatkTrn kn'mit•J. For thvJ reaTh. have nr verffSed the •¢¢ura¢y ¢ c1xne1enets8 of the a¢countir¥ r•cord• or Infomatlon and exnItIo ¢0 •ThJ do any op'nion th¢ Stalulory ffinandal •tatement E•monn P. McGraty & C Chartered Accountants & Regkntff•l Au(N 21• M•rkel &rttt Co DoK4 8T30 6LP 22 Seiemtw 2019
Y4Jar ended 31 March 2019 2)19 2010 Fundb Fund• Tumov•r Aminlltratlve expen•eb other operallng income (•1041 (2.588} 2a104 210 130.892) 28,314 128,6241 724,411 Oparatlng Ilouyprallt 1478) (4781 197,325 1478) (4781 197,325 Tax on {kn86Vt 1478) C4xnprth•n•lv• Ineam• {4781 197,325 A th• •thllle• ofthe comp•ny are from oper*
c1mpY Ilmltad by quar•Wee 31 Mch 2019 XM9 118 Flx•d •B••ts Tanglble a888ts 219.869 239,715 211 23q715 Cash at bank and In hand &fX17 11643 12,613 Credltor•: ranount• fdlkiq du• wlthln on• y•w (24,554) 111552) N•Q curi•nl Ol•bllll•• (1&54n 91 239,806 Crndltov•: amounts f•lllnq du• {85.2041 1121.210) 111118 R8tsrv 114118 114596 M•mb•T• fund• 118,118 118,596 For tho y endlw 31 Klarch 2019 the company to e¥emFkn from der sedlon 477 of the Companleb Act io Smal o(xnwi•L resporffjlblilleB.' . Thg memt4rn raquknd the eompry io 01 •n of fineI •ltsn•nt8 lor the yMr question kn accordance ilh wllon 476: to acxounting rec(Y¢fs a1 the yqp8ratth of flrAncial 8tatem Th•8e finan(xal 8tatnen18 have been wepared in acc4ydance vAth the WOVK)rn apF4icable to Gompanle• 8ut4ed to the small Gompanh%' reoimo and in ac+)xdano •A41h FRS 102 Th• Finanual ReportirvJ StaThlard appGth In Ihe UK •KI of IrelaTh.
Comwy Ilmll•d ty guarantr 31 March 2019 2019. •ThJ are on bohlofthe ty. Mr McLeh Mr Hh Vmy
cryy Ilmltod ty gux Yw ended 31 March 2019 funds funds At l Awll 2017 {78.T291 (78,729} for the yew 197.325 157,325 197,325 197,325 At 31 Plwch 2D1a and I 2018 118.596 111596 {Dtfidt} for the year 14781 {4781 {4781 14781 At a1 Mwch 2019 118,118 118,118
CoMpY Ilmlt•d ty Y• •nd•d 31 Mwch 21M9 The CoMY IB a ¢(7)pY ty guntse. regered in Nthern IrdaThJ. The addreJ8 of the regl8teTgJ office • 66 Balynoe Ro•J. Co Do¥. BT30 8AR. These thandal statemwts have been in the FrniWcI of FR8 101 sethn 1A The FlrwnGlai ReFthry stdard in UK Rewt4b¢ of IrelarKr. The flnanC 8tat•merl8 h•• bw iyyrwj on thè ets bath, M modlfiad by the rnvaluatlon f cartaln fvtandal and liabM aThd meaMw•d •1 fair v0 through wofft The flmnclol 8taternert8 are tslffj. IB th• fun(On CArn¥nw ofthe lity. and 8eTrlce8 rendered. net of drAxmt8 ¥rMJ VthJe T. R¥e frc¥n th• 8a1• ofg¢K>d8 li recogned fren the 8vJnlThrf Tknk8 and rvr¢ of Mernhlp have tran8fened to th¢ W, on of the go." the amount of c•n be m•vred rellaw. It h wobi4e that Ihe •aouabJ occmmk lIt0 the Ir the co•ts knred or to be Inojrred In rw¢t of the tranu(lornb can be measured rdwt4y. repng peri Tax Its recognil In the Stalernert of comryeheth Irttim•, ex(xpt to the extent that It to items r•cogni•ed in 4her comwehenthe 1me or irectty in capital and T•&ems. In th ¢•, tax ij r•¢ogrised in ther wnwthn8rrfe irKome or dlre( in ¢gF•l aThl I•r1e8, rwxctsvety. Current tsx kn recognl8eJJ on laxaL4e wofft ftr the and pa# t•x * measured •t th• amourt8 of tax expe¢Xed to Y recover wrvJ the tax rate8 and law8 Ihal have been enacted or 8Uttsniw •naL&J ai the rep11 dat Defeff•J tax Kq r•cconwd in rw d all timiro dIfferen at the rep)rtiw dat& Unrdiw&J tax 1088e• dh•r deffAred tax 8888ts •ret re¢wi8&J to the oxtwft that it is prob&blÈ that they vll be re¢avered agai1 the ravetsal of deferred Li¥ "tieS or cthar furI tsyatle fvYolll& Deferred tax IB m6asLThJ the lax rate8 ar#J that have been enacted or sutstaniN enacted ty the rrAyUno date that are ex1 to aFitytothe YesaI ofthèllmY¥J dlllernKe.
C(ffipY Ilmlt•d Ly Y•w emded 31 March 21M9 Tanqlbl• ••••ts d•weuation and impamenl Ary langitAe a8Gets Ca1 8t revaIL1 niyJnts ¥e TOrded at the fair value atthe date of rel41tiOn IBSS any 8ukwuert accwnulat•J deFYecialK)n ar•J siwuem •cMu18tl ImFqlrmenl losse6. An inc¥ease in tl Carrng amourt of an cl a rtrrfalUats". l& recL¥jnfl In G¢)mwehen8ive irKame and acmated kn arKI resuves. exce0 to the eXtt rt revernes a rwaluatKbn decrea8e of Ihe 88me aB8at recognwd hi wofrt or bx. A decrea6e In the rng amount of an a88et a8 8 r8sutt ot revUats.on fil recL¥Jni8&Y kn clhw c0mrytherfve Income to Ihe extent ol arry recc•l8tsJ rn¥a&atson iuea#e WmU1a¢ed in cal1 and relen& In re8ped of that auet Where a revalualicffl dett¢ase ex¢•ad6 thè aCMlated Tev4luation acGumtrAI In In 01lh•t •MeL the ex¢aM •h411 be reGogrd••J kn wofft or DeweciatK>n * calu11 •0 aB to off the c(t or v&Jlon of 1488 tt8 ro•1J1 v•hJ8, ovor the ¢1 erQMiC lrfe of tIMt èB•et M fthM'. If Ih•r• IB an Inth'catlon that th•rè ha8 beeh a •i9rlfbcant In deyeoati'on rate, uNelul Irf• rea•1 valw oltwwiLq• •M•ts. thtt deindatOrffi18 rebi8ed to r•fiact th• naw e•tlmata8. Imwlrnwnt e8tlmated vknere 8uth Indicato exrt Where the cwrylng value exGeed6 the r0VeratI8 amourt the 888et Impfjwed accorthn•y. Prior Thpirm•ni8 are abo for pC•tIo revoreal •ach rewrtlng dat& Whw It kn not to e•timate the recoverth amourt of •n In(4ithJal a•rf •Th e•timate li mad ofthe r•¢overable amoLmt of tr unlt to vthlch the awt t)elcryB. The &WIn0ratIng unlt kn the 8male6t klentffiaL4e group of wets Ihat incJde8 the a68et and generat88 Inlbw that are laryety Indepert of tht knlkma frLYn ts aMet8 or Grou ot as8& Gov•Mm•nt grants Govwnmert gT8nt8 ar• at the f v8luD of the •88t rK•knd or r•cet¥th. Grants are not recc¥Jnwl until there IB rOnale assurance that the eunwy comrAy w4th the conditlo attachlng lo Ihem aTrJ the grants w1 bè recetr4th1. GovwNnènt grants #rn recronlÈ•J LthJ the ac(¥ual model and Ihe pwlorn?ane• mod•l. Und•r th¢ •¢cw4 modd, govemrntht gMnt• to revanu¢ ar• r¢(awW a •ytematlG bBal over the the rec(vJrTrws the reJateJJ ttIch grant kntwwjed to the wrpc6e of hnmedie fffian(#al to the errtity no ftrtwe rdtsj CQBts are recc¥Jni8ed li Income in the pen1 in k becomes re¢er¥atle. Grants rtlng to are reccwAed in income on a £eMaIl¢ ba•ii u¥er Ihe expeoed u•¢ful Ilfe of tho awL Where Frt of • grant to an amet IB d¢furnd il i• rwnlMd # delenul Incom¢ arKI not deducted from the ¢anyirvJ OUnt ofthè a6seL UNler pwlomian¢e model. there Ihe grant does irnpe spe¢ififAJ future wlcmanctrreled onditi'ons on the rec4pwI( ri is reGow•d in IncLYne the grwrt woceuls 8re received or recl1e. Where the grant di impx• spacffied Ilre pwlman¢trreled Cond.0 on the reuFMenL re¢cgnrAd 17 Irne rrtM the pWlom?anCelat•d ¢orKJib"oM have teen met Where grnnts receNed are tffior to sat7ro the Te4eJ)ue rertyiition Cfiteiia, they are recognL8ed a8 a
Ye•r ended 31 Mwch 2019 A fmancid aB8Et or a financAal liat4ty is re£¥)ry1 the rA%npany a pty to the ccthclual yovioM ofthe inBtrumerL Basi¢ financial in&truments are initi'aly rec(¥nffj•l at Ihe tfan8aGti(x) unle88 the •ry•ngement IlbJte8 a finanaTrJ tradion, il N recognOBed al the w88ert vthe of th• fibtwe Fwm•nts at a martet rate of Inlere8t for a 8knIw deLt thmenL Where Inva8tmenl• In norcrtille wefér•nee shams and nor•ble orflnary 8hare8 Or eference 8hare8 are traded or Ihdr fa vthe can otherw be masur•J rnllatry. the knveslm•nt Ivs sutsequenty at lalr vthe ¥thh in fair valuè recowlwl kn wofft or k6& AJI cther 8LEch inv••trnents arn Iukwuenty measured * ¢06t less imltr. Olh•r flnandal ITtrum•nts. k)cluthw are knllialty recogTrK•d at lalr v•lu•, p•>Ynent lor u••t dderr•d ty<Thl nomial kxIrB lerrrnb or franGed at a rate of intereBt that 18 not market r0, In wthlch the asset kn mea8wed ai the y•88rf ¥ue of the fubjre pAyment• dl$wwt•d at a Maet rate of Intsr•8t for a 8Mlar det Mmtrumnt other flnand•l trtruments are suLwuerrtty mea8ured at falr value. wllh wy thange8 recc¥Jnkned In Frfofft or I(, Vth the exrK[Aw (rf PwvJ inatruments In a de8lBntsi lng rdalionshl Financlal aB8ts that are rneasur•J at co6t c •nortkned c<t are ot4e(the idence of lman1 at the erKI (rf each T•thu d. N th•rn Its ofy'ecti4• •¥ldence ol impairment, an knpalmi•nl l• rocogni•ed In wofft or lom Immodlat. For all equty Itrents rellard of snlfftanc4. and Xh•r flnanclal x8ats that am Indmdualy qrwFd on the ba•A cl sknrfar faedit rtbk tharactwkntsca Any rever8th ol h))rAlmiemt are reccgned In wofft ( ILW imm•Jlatdy. to Ihe extent that the rever8•1 d0•8 not ra8uIt in a cArj amount of the fin•ndd 4S8¢t th8t exc¢ed8 that Ihe carrJiNJ amount vAiukl Umlt•d by guwanl•• IDeffidlY•U b•fLn laxallon18 •tat•d alter chargryYu&*ql.' Xlg 2018 19,846 19,846 P4e 10
cPY Ilmlled ty guwloE Ye# ended 31 March 2019 Twwlble a•MI• Fre•hokl FIre, 01Y fthng6 and u¥)mnt At 1 2018 and 31 Mwch 201• 498,491 At 1 Awll 2018 clrge lor tha 3,467 258.716 19,846 19.797 At 31 Mh 2019 27&1 3.516 278,622 Carrylng Am¢)unt At 31 Mch 2019 219.819 50 219,869 At 31 Marth 2018 239,616 239.715 Cr•dltrTh" amounl•f•lllnq du• ¢)M 2019 2018 AGcualts 550 12.0tr2 24,004 24,554 12,SS2 2M• 2018 85,204 121,210 Restrict furKIs arn furth mLAt for wry>xe6 Sperafied bi th dMor. Unr•thcled fiJnd¥ IndL#leg all donattons for a don ha8 not •Yved ary weference a8 to how the funds thall 1 8pent and Ihe unre8trided income acrnllng to the charty. These 18 are apr4 for any tharitat4e at t dI8110n ofthe trtee8. M 31st 2019, Urffeotrlctsd fvnd8 amounted to £118.118 and Restricted fiJrM amounted to £ P•11
coMY Ilmllod by guw
C(YnpY Ilmltsd ty guarant Yev end&1 31 Mw¢h J)19 2019 2018 Htre of hall Other Inc(*n• 1,510 1,135 403 1.9(Xl 1.538 mlnl•tratlv• •xpw Watsr & In•uran Light and heat Repalrn and equlrynwrt 10791 {1,3201 {3,1181 13.8441 I1.0() 11,3001 IZe871 11.6421 1201 11,3501 16601 183) Events 17501 16501 1681 1131 11041 119,8461 130.6¥2) Bank char G•n•ral SulxcdrAIITh Dweclatlon oftawbllts aouts 150} 119,846) {28.6241 Grants reCogrsea dlrt¢ty In kKame Grants Telea8ed to the PL accourt 4,11)) 24.(#)4 210 24.004 197.407 28.314 224.411 14781 197,325 14781 197.325 Py13