Chwlty numer: NIC1061Z B￿ht 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 finv￿la1 •Lql•m•ni• 8-11 Mr J*) M￿8 Mr H￿h Vemntsy lrn Mavls C(xkn Mr Sean Bla Joan L* IAr Cyril Md(mn8y Mr E(frA¥rd Shanthi Mr Sean McLwhUn Phyttts L￿T￿h•¥￿ Mr Martkn Rarwghan cOmp￿Y numb Chwlty MC1(*120 RwJlat•Md ¢rflk* 66 B•oe Rt*l BT30 8AR Eamom P. McGrathy & C 21a Paathet Co Ov• aT30 IV B￿k ol Irelar#l Co Dcwi BT30 6LZ Yow er•d&l 31 March 2019 31 Mgrch 201 Dlr•ctorn The dir•¢*>M •eNed Iho Ca￿TrY the fdkM•'. Mr McL•trJh Mr Hugh Venney Mrs Mavls Conlon Mr Searb 8lan•y Mr lkni ¢YConnor Mr8 Joan Law Mr McKlnMy Mr Ed*Brd ShaNYn Mr Sean McLaughlln IAr8 ph￿1￿ Lalr&Shapkn Mr Martin R•nauh report been pry•S In ttcordaw vAh aFWkth to LYAnp￿lfj1 •ntiil•d io Ihe •mdl comwnleo ex•mFllon. Thb rawl aFV￿ad ty the bDvd ofdlr•¢*¢n on 22 2019 •rn1 •1gn•d t)n behallof tho board wtwt C PAavh Y•w •nd•d 31 IA*ch 201• In ofthr to ti88*t ￿ to fuifd Y(￿ Lnd•r the Ccthpw¥•s A£1 20(E. h¥￿8 wepaf*J for your *pyov•l tht finandal 8tatements ol Brlght Cc*mmuity A88oGlallw Lwniled the year ended 31 Marth 2019 comwY6e the Glatement of ￿M￿ehens[Vt m(xMne. Statement ol fln￿Gla1 F￿11C￿. 6Ltsnent ol tharvJes wi have aivan ￿. A8 a practishw fkni of CharterrA1 ILcourt4￿8 Irda￿ we we 8W tr* Its 8tNcd oth•r Thkn report Is mad• Éddy to th• boafd of dir•th of Br4ht Clxnmunty Ix8oci*ion 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 COMM￿lty 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 an￿e other than BrWI Commurity LtmlteAI aThd board of dire¢lor8 a8 a bcdy for our or fc*thkn rewL It l• dutyto •Mur• thit Commuth L￿1￿￿ h* •Jequate accountkng r•¢orth and tt> Fxopare 8talulwy fknanclal 8tatements that oh￿ a true •wJ fak of the a86èts. ILqbllRle8, financlal rth1t1￿1 fjnd loss (rf Brbjtrt Cc#nmunlty A88ocIkn Lknlted. You rI)￿je1 Ihat C+)mmuiW A8soGI*i Umlt•d exemrA from th• •tstuiryy 0￿j1t forth• y. W¢ h•ve not bmn k•lructed to cary i￿111 or a re41￿ of tho finandd •t*ement8 of 8rW Communlty A8ociatkTrn kn'mit•J. For thvJ rea￿Th. have nr* verffSed the •¢¢ura¢y ¢* c1xn￿e1enets8 of the a¢countir¥ r•cord• or Infomatlon and ex￿nItIo￿ ¢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 Sei*emtw 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 {kn86V￿t 1478) C4xnprth•n•lv• Ineam• {4781 197,325 A th• •thllle• ofthe comp•ny are from oper* c1mp￿Y Ilmltad by quar•Wee 31 M*ch 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 R*8tsrv 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 fin￿e￿I •ltsn•nt8 lor the yMr question kn accordance *ilh wllon 476: to acxounting rec(Y¢fs a￿1 the yqp8ratth of flrAncial 8tatem Th•8e finan(xal 8tat*nen18 have been wepared in acc4ydance vAth the WOV*K)rn apF4icable to Gompanle• 8ut4ed to the small Gompanh%' reoimo and in ac+)xdano •A41h FRS 102 Th• Finanual ReportirvJ StaThlard app￿Gth In Ihe UK •KI of IrelaTh*. Comwy Ilmll•d ty guarantr 31 March 2019 2019. •ThJ are on boh*lofthe ty. Mr McLe*h Mr H￿h Vmy cry￿y 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 CoMp￿Y Ilmlt•d ty Y•* •nd•d 31 Mwch 21M9 The CoM￿Y IB a ¢(*7)p￿Y ty guntse. reg*ered in N￿thern IrdaThJ. The addreJ8 of the regl8teTgJ office • 66 Balynoe Ro•J. Co Do¥￿. BT30 8AR. These thandal statemwts have been in the FrniWc￿I of FR8 101 sethn 1A The FlrwnGlai ReFthry st￿dard 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 liab*M aThd meaMw•d •1 fair v￿0 through wofft The flmnclol 8taternert8 are tslffj. IB th• fun(￿On￿ CArn¥nw ofthe ￿lity. and 8eTrlce8 rendered. net of d*rAxmt8 ¥rMJ VthJe T￿. R¥￿￿￿e frc¥n th• 8a1• ofg¢K>d8 li recogn￿ed *fren the 8vJnlTh￿rf Tknk8 and rv￿r¢￿ of Mernhlp have tran8fened to th¢ W, on of the go￿." the amount of c•n be m•￿vred rellaw. It h wob*i4e that Ihe *•aouabJ occmmk lI￿t0 the Ir￿ the co•ts kn￿red or to be Inojrred In rw¢t of the tranu(*lornb can be measured rdwt4y. rep￿ng peri￿ Tax Its recogni*l In the Stalernert of comryeheth Irttim•, ex(xpt to the extent that It to items r•cogni•ed in 4*her comwehenthe 1￿me or i*rectty 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 8Ut*tsniw •naL*&J ai the rep￿11￿ 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 agai￿1 the ravetsal of deferred Li¥ ￿"￿tieS or cthar fu￿rI tsyatle fvYolll& Deferred tax IB m6asLThJ the lax rate8 ar#J that have been enacted or sutstaniN* enacted ty the r*rAyUno date that are ex1￿￿* to aFitytothe Ye￿saI ofthèllmY¥J dlllernKe. C(ffip￿Y Ilmlt•d Ly Y•w emded 31 March 21M9 Tanqlbl• ••••ts d•weuation and impa*menl Ary langitAe a8Gets Ca￿￿*￿1 8t revaIL￿1 *niyJnts ¥e T￿Orded at the fair value atthe date of rel41￿tiOn IBSS any 8ukwuert accwnulat•J deFYecialK)n ar•J si*wuem •c￿Mu18t￿l ImFqlrmenl losse6. An inc¥ease in tl* Carr￿ng amourt of an cl a rtrrfalUats"￿. l& recL¥jn￿f￿l In G¢)mwehen8ive irKame and ac￿m￿ated kn arKI resuves. exce0 to the eXt￿t rt revernes a rwaluatKbn decrea8e of Ihe 88me aB8at recognwd hi wofrt or bx. A decrea6e In the r￿ng amount of an a88et a8 8 r8sutt ot rev￿Uats.on fil recL¥Jni8&Y kn clhw c0mryther￿fve Income to Ihe extent ol arry recc•l8tsJ rn¥a&atson *iuea#e W￿mU1a¢ed in cal￿1 and relen￿& In re8ped of that auet Where a revalualicffl dett¢ase ex¢•ad6 thè aC￿M￿lated Tev4luation acGum￿trAI In In 01lh•t •MeL the ex¢aM •h411 be reGogrd••J kn wofft or DeweciatK>n * calu￿1*1 •0 aB to off the c(*t or v&J*lon of 1488 tt8 ro•1J￿1 v•hJ8, ovor the ￿¢￿1 er￿QMiC 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 r￿0VeratI8 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 &WI￿n0ratIng unlt kn the 8male6t klentffiaL4e group of wets Ihat inc*Jde8 the a68et and generat88 Inlbw that are laryety Indep￿ert 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 r￿￿Onal￿e assurance that the eunwy comrAy w4th the conditlo attachlng lo Ihem aTrJ the grants w*1 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 •y*tematlG bBal over the the rec(vJrTrws the reJateJJ ￿ttIch grant ￿ kntwwjed to the wrpc6e of hnmedi*e fffian(#al to the errtity no ftrtwe rdtsj CQBts are recc¥Jni8ed li Income in the pen￿1 in k becomes re¢er¥atle. Grants r*tlng to are reccwAed in income on a £￿eMaIl¢ ba•ii u¥er Ihe expeo*ed u•¢ful Ilfe of tho awL Where F*rt 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 irnp￿e spe¢ififAJ future wlc*manctrrel*ed onditi'ons on the rec4pwI( ri is reGow*•d in IncLYne the grwrt woceuls 8re received or rec￿l￿1e. Where the grant di￿ impx• spacffied I￿lre pwlman¢trrel*ed Cond￿.0￿ on the reuFMenL re¢cgnrAd 17 I￿rne rrt*M the pWlom?anC￿elat•d ¢orKJib"oM have teen met Where grnnts receNed are tffior to sat*7ro 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£¥)ry￿￿1 the rA%npany a p*ty to the ccthclual yov*ioM ofthe inBtrumerL Basi¢ financial in&truments are initi'aly rec(¥nffj•l at Ihe tfan8aGti(x) unle88 the •ry•ngement IlbJte8 a finanaTrJ tra￿dion, 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 nor￿c￿rtille wefér•nee shams and nor•ble orflnary 8hare8 Or eference 8hare8 are traded or Ihdr fa* vthe can otherw be m*asur•J rnllatr*y. 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 im￿l￿tr￿. Olh•r flnandal IT*trum•nts. k)cluthw are knllialty recogTrK•d at lalr v•lu•, p•>Ynent lor ￿ u••t ￿ dderr•d t*yxe6 Sperafied bi th* dMor. Unr•thcled fiJnd¥ IndL#leg all donattons for a don￿ ha8 not •Yv￿ed ary weference a8 to how the funds thall 1* 8pent and Ihe unre8trided income acrnllng to the charty. These ￿1￿8 are apr4 for any tharitat4e at t￿ dI￿8110n ofthe tr￿tee8. M 31st 2019, Urffeotrlctsd fvnd8 amounted to £118.118 and Restricted fiJrM* amounted to £ P•11 coM￿Y Ilmllod by guw C(Ynp￿Y 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 reCogr￿se￿a 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