Company Number: N1026020
Charity Number: NIC106926
Creggan Ei nterprises Limited
(A company limited by guArantee)
FinAn¢ial statements
for the year ended 31 December 2022

Creggan Enterprises Limited
(A company limited by guarantee)
Contents
Page
Inforniation
Directors Report
Independent Auditors Report
Statement of Financial Activities
10
Balance Sheet
11
Cashflow Statem¢nt
12
Notes to the accounts
13-22

Creggan Enterprises Limited
(A company limited by guarantee)
Information
Directors
Garvan O'Doherty
John Bradley
Joseph McFeely
Pauline Mcclenaghan
Anne Molloy
Brendan McKeever
Resigned 2 December 2022
Secretary
Joseph McFeely
Company No:
N1026020
Charity No:
NI 106926
Auditors
McGroaty Mccafferty & Company
Accountants & Registered Auditors
2 Carlisle Terrace
Deny
BT48 6JX
Registered Offlce
Rath Mor Centre
Blighs Lane
Derry
BT48 OLZ
Bankers
AIB (ND
Meadowbank
Strand Road
Dery
BT48 7TN
Solicitors
Brendan Kearney & Company
4 Clarendon Street
Derry
BT48 7ES
Page I

Creggan Enterprises Limited
(A company limited by guarantee)
Report to the Directors for tbe year ended 31 December 2022
The directors present their report and the financial statements for the year ended 31 December 2022. The directors
of Creggan Enterprises Limited for th¢ purposes of company law and who served during the year and up to the
date of this report are as follows:
Garvan O'Dohety
John Bradley
Joseph McFeely
Paulin¢ Mcclenaghan - Resigned 2 December 2022
Anne Molloy
Brendan McKeever
Our Aims and Objectlves
oses and Aim
Creggan Enterprises Limited runs the Rath Mor Complex in Derry, whicli offers a variety of multi-purpose
workspace units for rent on very favourable tern]s. They provide support packages for new businesses and
encourage the development of social partnerships and sustainable busiiiesses, promoting equal opportunities for
all. The Rath Mor centre also provides valuable subsidised business support to social enterprises and indigenous
businesses, including: business, marketing & funding advice; shared resources; customisedlequipped office space.
Creggan Enterprises Limited delivers a number of dedicated social programmes catering for a range of
community needs. Their key focus Is tlie physical, economic, and social regeneration of deprived communities
through:
the relief of fin£￿claI hardsliip and unemployment.
the advancement of education, training or retraining,
the provision of financial assistance, technical assistance or business advice or consultancy in order to provide
training and employment opportunities for unemployed people.
th¢ creation of training and employment opportunities by tlie provision of workspace, buildings andlor land for
use on favourabl¢ t¢nns'
the provision of a wide vaTi¢ty of proEramm¢s / s¢rvic¢s whTGh support economic and social inclusion.
the provision of trauma support services, counselling and wellbeing programmes;
the provision of interniediation, pea¢e-building and reconciliation support services and programmes.
the provision of personal development programmes and dedicated support activities for young people;
the provision of wellbeing, educational, heritage and ¢ultural support programmes and activities for older people
and the general public;
the provision of a neutral community venue* providing access to a range of free cultural, heritage and digital
a¢tiviti¢s and events for all ages and backgrounds.
Specific programmes include:
The Lifehack project which works creatively to support at risk young people.
Unheard Voices / Going Beyond the Silence - which works to support women suffering conflict-related trauma.
Community Dialogue and Social Justice Programmes - wliich supports marginalized constituencies, builds
community capacity and works in a mediation capacity to build inclusive peaceful communities.
Revival Shared Space Project which delivers free community-oriented cultural cvents and provides a range of
cross-community engagement opportunitics;
Focus Project which supports women and families to become more engaged in their community.
Rath Mor Biodiversity Project - which works with local schools, the elderly and those witli complex needs to
promote environmental aivareness aiid health living.
Page 2

Creggan Enterprises Limited also host and supports the Hive Studios, (a community digital hub and OCN training
centre), the Rath Mor Over 50,5 club and Creggan Older Mens, club at Rath Mor providing a wide range of
educational, social, diversionary, inter-generational and capacity building opportunities for the community.
The Focus of our Work
The main focus of the Rath Mor centre. located at Bligh's Lane, Creggan, is to provide a shared space to promote
economic, social, ¢duoational, cultural. artistio, good relations, p¢acebuilding and other activities across the social
divide to improve the conditions of life for the resid¢nts of the Creggan, surrounding environs and the
North-west.
FlnAnclal Revlew
Princi
al Fun
in
The key funders of Creggan Enterprises Limited include Derry City and Strabane District Council, the
International Fund for Ireland, Joseph Rowntree Charitable Trust, The Executive Office, Department of Foreign
Affairs (ROI), St Stephens Green and rental income generated from the Rath Mor Centre units.
Structure, Governance and Management
Governin
Doc
The company was fornied on 23 October 1991, The company was granted charitable status on 16 January 2019.
The charitable company was established under Memorandum & Articles of Association which outlined the area
of benefit and the objects of the charitable organisation.
Recruitment and A
ointment of th¢
f Directors
The directors of the company are also charity trustees for the purposes of charity law and under the company's
Articles are known as members of the Board. Under the requirements of the Memorandum and Articles of
Association, one third of the members of the Board must stand for re-election at the Annual General Meeting.
Members Induction and Trainin
The board members are already familiar with the work of Creggan Enterprises Limited and board members are
encouraged to participate in relevant activities. The Board members underwent dedicated Governance Training
(delivered by NICVA) in 2019 to reflect the additional requirements of the organisation as a registered Charity.
Obli
ations of t
The main obligation of the Board are to develop and oversee the implementation of policy and to ensure that
structures and management complies with legal T¢quirements and good governance practice.
anisational Structure
Thc organisation structure consists of 5 directors and 13 employees, whtch include a general manager and
administation staff.
Page 3

Risk Mana
ement
The directors have assessed the major risks to which the company is exposed, in particular those related to the
operations and finances of the company, and are satisfied that systems are in place to mitigate tlie exposure to the
major risks.
Respollslbllities of the Board of Dlr¢¢tor8
In addition to the responsibilities outlined above the Board will prepare financial statements for each financial
year which give a fair and true vi¢w of th¢ state of affairs of the charitable company as at the balance sheet date
and of its incoming resources and application of resources, including income and expenditure for the financial
year. In preparing those financial statements, the Board should follow best practice and:
select suitable accounting policies and apply them consistently.
observe the methods and principles in the Charities SORP 2019 (FRS102).
make judgements and estimates that are reasonable and prudent; and prepare financial statements on the going
concern basis unless it is not appropriate to assume tliat tlie company WTII continue on that basis.
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements.
- the Board. who are directors for the purpose of company law and members for the purpose of charity law, who
served during the year and up to the date of this report are set out on page l.
The directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charity and enables tliem to ensure that the financial statements comply
with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditors
Each of the persons who is a director at the date of approval of this report confinns that:
So far as we are aware, there is no relevant audit information of which the company's auditors are unaware. and
they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant
audit inforniation and to establish that the charity's auditors are aware of that information.
The auditor is deemed to have been re-appointed in accordance witli section 487 of the Companies Act 2006.
Sm211 company provlslons
This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to
small Companies.
Th
sig
CI
I statements were approved and authorised for issue by th¢ Board of Directors on 31 July 2023 and
ehalf by.
Dire
ctor
Ly
JDHfrJ E)QADLtJ
Page 4

Creggan Enterprises Limited
(A company limited by guarantee)
Independent auditor's report to the directors of Creggan Enterprises Limited
Opinion
We have audited the financial statements of Creggan Enterprises Limited for the year ended 31 December 2022
which comprise the Statement of Financial Activities, the Balance Sheet, C&shflow Statement and tlie related
notes. The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including
FRS 102 Tlie Financial Reporting Standard applicable in the UK and Republic of Ireland"
Tliis report is made solely to the charitable company's directors, as a body> in accordance witli Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might State to tlie charitable
company's directors those matters we are required to state to them in an auditorfs report and for no other
purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than
the charitable company and the charitable company's directors as a body9 for our audit work, for this report, or
for the opinions we have fomjed.
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 December 2022, and of its
incoming resources and expenditure of resources, including its income and expenditure, for the yeHr then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
hav¢ been pr¢pared in accordance with the requirements of the Cornpanies Act 2006.
Basls for oplnlon
We ¢ondu¢ted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditorfs responsibilities
for the audit of the financial statements section of our report. We are independent of the charitable company in
a¢¢ordance with the ethical requirements that are relevant to our audit of the financial statements in the UK,
including the FRC'S Ethical Standard. and we have fulfilled our otlier ethical responsibilities in accordance
with these requirements. We believe that tlie audit evidence we have obtained is sufyicient and appropriate to
provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the directors, use of the going Concern basis of
accounting in th¢ preparation of the financial statem¢nts is appropriate.
Based on the work we Iiave perfornied, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concem are described in the
relevant sections of this report.
Pagc 5

Creggan Enterprises Limited
(A company limited by guarantee)
Qther information
The dir¢¢tors ar¢ responsible for the other inforn]ation. The other inforn]ation compris¢s the inforniation
included in the directors, annual report, other than the financial statements and our auditorfs report th¢reon.
Our opinion on the financial statements does not cover other inforn]ation and, except to the extent otherwise
explicitly stated in our report, we do not express any forni of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other infonnation aiid,
in doing so, consider whether the other information is materially inconsistent with the financial statements or
our knowledge obtained in the audit or otherwis¢ appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are ￿qUired to deterniine whether there is a
material misstatement in the financial statements or a material misstatement of the other information, If, based
on the work we have perfomjed, we conclude that there is a material misstatem¢nt of this other infonnation, we
are required to report that fact.
We have nothing to report in thi5 regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion based on the work undertaken in the course of the audit:
the information given in the directors, annual report for the financial year for which the financial statements
are prepared is consistent with the financial statements; and
the directors, annual report has been prepared in accordance with applicable legal requirements.
Matters on which we are requlred to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the directors, annual report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires u5 to
report to you if, in our opinion:
adequate accounting records have not been kept;
the financial statements are not in agreement with the accounting records and returns. or
certain disclosures of directors, remuneration specified by law are not made; or
we have not received all the inforniation and explanations we require for our audit.
the directors were not entitled to prepare the financial statements in accordance ivith the small companies
regime and take advantage of the small companies ekemption from the requirement to prepare a strategic
report.
Page 6

Creggan Enterprises Limited
(A company limited by guarantee)
Responsibilities of the directors
As explained mort fully in the Directors, Responsibilities Statement set out on page 4. the directors (who are
also the directors of the charitable company for the purposes of company law) are responsibl¢ for tlie
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
internal control as the directors detennine is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial statements. the directors are responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realisti¢ altemative but to do so,
Audltor's responslbllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements As a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably bc
expected to influence the economic decisions of users taken on tlie b&sis of these financial statements.
Explanation as to what extent the audit ivas consldercd capable of detecting irregularitles, Includlng
fraud;
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. However, the primary responsibility for tlie prevention and detection of fraud
lies with management and the board of directors of the charitable company.
IdeDtlfylng and assesslng potentlal rlsks related to irregulArities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and
non-compliance with laws and regulations, we considered the following:
the nature of the industy. sector and the specific control environment which it operates in.
the charities own assessment of the risks that irregularities may occur, either as a ￿$ll1t of fraud or error;
representations and results from our enquiries with management and the board of directors regarding their
own identification and assessment ofthe risks of irregularities.
cnquiries of management relating to accounting estimates meL8urements, recognition criteria and justification
of such amounts.
any matters we have identified having obtained and revieived the charities policies and procedures relating to.
* identifying and assessing if laws and regulalions are compliant and whether they are aware of any instances
of non-compliance.
* detection and response to the risk of fraud and wliether Ihey are aM'are of any actual, suspected or alleged
fraud instances.
Page 7

Creggan Enterprises Limited
(A company limited by guarantee)
* the internal controls designed to mitigate risks or fraud or non-compliance with laws and regulations, and to
minimise risk of management overrides of such controls,
all matters discussed among th¢ audit ¢ngagement team regarding how and wh¢re fraud could occur and the
potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the
charity for fraud. The audit included assessing the procedures and evaluating the measurement of estimations.
In Common with all audits under ISAS (UK), we are alqo required to perform specific procedures to respond to
the risk of management override.
We also required an understanding of the legal and regulatory frameworks applicable to the charity and
considered that the most significant are the UK Companies Act 2006, SORP 2019 (FRS 102) and Charities Act
(Northern Ireland) 2008.
Audit response5 to risks identified
Our procedures to respond to risks identified included the following:
reviewing the financial statement disclosures, testing the relevant documentation to &8sess compliance with
the significant laws and regulations - those described as l)aving a direct effect on the financial statements;
enquiring with management and obtaining third party confirn]ation from the charitable company's solicitors
regarding any actual or potential litigation and claims"
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks
of material misstatement due to fraud.
reading minutes of board and management meetings, examine forec&sting material in line with actual
perforniance, identifying any potential fraud indicators or instances.
reviewing Companies Hous¢ and Chority Commission Northern Ireland correspondence, identify any late
submissions or omissions of mandatory inforniation;
review correspondence with HMRC, identifying non compliance of specific infonnation to be disclosed.
in addressing the risk of fraud through management override of controls, testing the appropriateness of data
entries and adjustments; assessing whether the judgements made in making a¢¢ounting estimates are indicative
of a potential bias; and evaluating the rational¢ of any significant transactions that are unusual or outsid¢ the
normal course of the charities objectives.
We also Communicated relevant identified laws and regulations and potential fraud risks to all engagement
team members and remained alert to any indications of fraud or noncompliance with laws and regulations
throughout the audit.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatenient of the financial statements, whether due to fraud or
error, design and perfonn audit procedures responsive to those risks, and obtain audit evidencc that is sufficient
and appropriate to provide a basis for our opinion. The risk of not detecting a material Inisstatement resulting
from fraud is higher than for one resulting from error, &s fraud may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of internal control.
Page 8

Creggan Enterprises Limited
(A company limited by guarantee)
Obtain an understanding of internal control relevant lo the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpos¢ of expressing an opinion on tlie effectiveness of the
charitable company's Internal control.
Evaluat¢ the appropriatcn¢ss of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the directors.
Conclude on the appropriateness of the directors, use of the going concern basis of accounting and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a
matsrial uncertainty exists, we are required to draw attention in our auditorfs report to the related disclosures in
the financial statements or. if such disclosures are inadequate, to modify our opinion. Our conclusions are
based on the audit evidence obtained up to the date of the auditor's report. However, future events or
Conditions may cause the charitable company to cease to Gontinue as a going concern.
-Evaluate the overall presentation, structure and content of the financial statements, including the disclosures,
and whether the financial statements represent the underlying transactions and events in a manner that achieves
fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in internal control that
we identify during our audit.
Pat
"ck MCCA
ory Audltor
for and on behalf of
McGroarty Mccafferty & Company
Statutory Audltor
2 Carlisle Terrace
Derry
BT48 6JX
xor
Date: 31 July 2023
Page 9

Creggan Enterprises Limited
(A company limited by guarantee)
Statement of Financial Activities
for tho year ended 31 December 2022
Unrestricted
Funds
Restricted
Funds
2022
2021
Income and Expendlture
Notes
Incomlng Resourcos
Income from resources and generating funds:
Incoine resources from charitable activities
Investment Income
401,195
59
353,969
755,164
59
758,046
75
Total Incoming Resources
401,254
353,969
755,223
758,121
Resources Expended
Management & administration
Governance costs
394,024
10,950
330,394
724,418
10,950
710.597
10,020
Total Resources Expended
404,974
330,394
735,368
720,617
Net Tncon)ing l (Outgoing) R¢$our¢es
17.
(3,720)
23,575
19,855
37,504
Balances brought forward l January 2022
1,297,011
98,226
1,395,237
1,357,733
Balances carried forward 31 December 2022
1,293,291
121,801
1,4E5,092
1,395,237
The above amounts relate to continuing operations of the company.
The company has no recognised guins and losses other than tliose included in the results above and therefore no
separate statement of total recognised gains and losses has been presented. There is no differ¢nce b¢tw¢¢n the net
incoming iesources for the year stated above and their historical cost equivalents.
Page 10

Creggan Enterprises IJimited
(A company limited by guarantee)
Balance sheet
as At 31 December 2022
2022
2021
Notes
Flxed assets
Tangible assets
Current assets
Debtors
Investments
Cash at bank and in hand
3,473,383
3,590,077
86,212
250
471,997
93,450
250
474,653
10.
558,459
568,353
Current liabilities
Trade creditors
Bank loans and overdrafts
Other creditors
Accruals and deferred income
12,167
87,470
30,375
135,853
2,431
59,546
67,815
155,530
11.
265,865
285,322
Net current assets
292,594
283,031
Total assets less current
Ilabllltfies
3.765,977
3,873,108
Long-tenn liabilities
13.
(2,350,885)
(2,477,871)
Net Assets
1,415,092
1,395,237
Reserve$
Unrestricted
Restricted
16.
1,293,291
121,801
1.297,011
98,226
1,415,092
1,395,237
The financial statements are prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 an
'the Charities SORP 2019 (FRS 102).
The f￿ancI
its behalf by"
stat
were approved and authorised for issue by the Board on 31 July 2023 and signed on
Director
Director
Date: 31st Ju
23
jo*-P14 MLFEEL Y
Date: 31st July 2023
Company Number: N1026020
Page 11

Creggan Enterprises Limited
(A company limited by guarantee)
Statement of Cash flows
as at 31 December 2022
2022
2021
Note
Net incoming l (outgoing) resources for the year
Depreciation and impainnent
{Increase)I decrease in debtors
(Decrease) / increase in creditors
19,855
116,694
7,238
(146,443)
37,504
117,203
(11,935)
(95,172)
Iyet ¢ash inflowl (outflow) from operatlng actlvltles
(2,656)
47,600
Capital expenditure
(2,715)
Increasel (de¢rease) in cash in the year
(2,656)
44,885
Re¢oncili#tlon of net cash flow to movement In net funds
Increasel (decrease) in cash In the year
Net funds at l January 2022
(2,656)
474,653
44,885
429,768
Net funds at 31 December 2022
18.
471,997
474,653
Page 12

Creggan Enterprises Limited
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 December 2022
General information
The charity is a private limited company by guarantee, ￿gIstered in Northern Ireland and a registered
charity in Northern Ireland. The address of the registered ofTice is Rath Mor CentK, Blighs Lane,
Creggan, Derry, B T48 OLZ.
1.1. Accountlng conventlon
The SI￿1r1¢ant accounting policies applied in the preparation of these financial statements are set out
below, These policies have been consistently applied to all years presented unless otherwise stated.
The charity constitutes a public benefit entity as defined by FRS102. The financial statements have
been prepared in accordance with the accounting policies set out in notes to the accounts and comply
with the charity's governing document, the Charities Act (Northern Ireland) 2008 and Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland published in October 2019 (SORP 2019) and the Companies Act 2006.
The financial statements are prepydred on a going concern basia under the historical cost convention,
modified to included certain items at fair value. Th¢ financial statements are presented in sterling
which is the functional currency of the charity.
1.2. Incomlng resources
All inooming resour¢¢s ar¢ included in th¢ statement of financial activities when the charity is entitled to
the income and the amount can be quantified with re&%onable accuraGy. The following specific policies
are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the
stat¢ment of financial activities when receivable. Grants where entitlement is not conditional on the
delivery of a specific perfonnance by the charity, are recognised when the charity becomes
unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The
value of services provided by volunteers ha8 not been included.
Gifts donated for resale are included as incoming r¢50urces within activities for generating funds when
they are sold.
1.3. Resources expended
Expenditure is reCO￿lsed on an accrual basis as a liabiliiy is incurred. Expenditure includes any VA T
which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure Comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and
those costs of an indirect nature necessary to support them.
Page 13

Creggan Enterprises Limited
(A company limited by guarantee)
Notes to the accounts
for the year ended 3] December 2022
1.4. Fund accounting
Unrestricted funds are available for use at the discretion of the directors in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for purposes. The cost of raising and administering
such funds are charged against the specific fuiid.
1.5, Tanglble fixed assets and depreclAtIoD
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation less
residual value of each asset over its expected useful life, as follows:
Land and buildings
Fixtures, fittings & equipment
2 % Straight Line
250/0 Reducing Balance
1.6. Cash at bank
Cash at bank and cash equivalents are stated at cost at the financial year end.
1.7. Capltal grants
Capital grants are received in respect of purchase of fixed assets a portion of which is released to the
statement of fInancial activities in the y¢ar of receipt.
1.8. Investments
Current ￿Set investments are at the lower of cost and net realisable value.
1.9. Debtors & creditors
Debtors and creditors with no stated interest rate and receivable or payabl¢ within one year are recorded
at transaction price. Any losse5 arising from impairment a￿ recognised in expenditure.
1.10. Penslon costs
The pension costs charged in the financial statements represent tlie contributioiis payable by the charity
during the year.
1.11. Going concern
The financial statements have been prepared on a going Concern basis as the directors believe that no
material uncertainties exist. The directors have considered the level of funds held and the expected level
of income and expendiiure for 12 months from authorising these financial statements. The budgeted
income and expenditure are suificient with the level of reserves for the charity to be able to continue as
a going concern.
Pa(ve 14

Creggan Enterprises Limited
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 Decembcr 2022
Income
2022
2021
Restrlcted Income
DCSDC: Maritime Project Income
DCSDC - Grass Roots Funding
International Fund for Ireland - PYDP
International Fund for Ireland - PIPI CIP
JRCT: Community Dialogue Programme
JRCT: Going Beyond the Silence
Dept of Foreign Affairs - CCRP
DFC - Jobstart funding
Porticus Leadership & Action grantl CFNI
The Executive Office - Revival Project
DCSDC - Cult Festival Funding
Live Here Love Here
Dept of Foreign Affairs - Momentum Fund
Ultach Fund/ CFNI
DCSDC - CC Venue Fund
St Stephens Green
DCSDC - Lo¢kdown Liv¢ Funding
Co-operation Ireland
PIP Divisionary Fund IFI
CFNI - Social Justice Fund
2,344
2,000
70,806
119,464
25,534
41,312
17,011
5.919
2,245
21,902
77,288
120,398
2,052
47,049
30,980
1,070
1,800
21,727
17,027
2,000
6,000
20,349
18,675
1,000
1,995
i 0,000
6.522
2,400
353,969
342,900
Unrestricted Income
Rental Income
Other Income
Contributions to Overheads
Contribution to Insurance
Bank Interest
372,934
11,861
9,196
7,204
59
376,663
26,000
5,016
7,467
75
401,254
415,221
Totsl Incom¢
755,223
758,121
(i)
RÈstritted Funds
Funds received which are earmarked by the Funder for sp¢cifi¢ purposes. Such purposes are within the
overall aims of the organisation.
(ii)
Unrestricted Funds
Funds which are expendable at the discretion of the company in furtherance of the aims of the charity.
In addition funds may be held in order to fiiiance capital investment and working capital.
Page 15

Creggan Enterprises Limited
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 December 2022
Resources Expended
Unrestricted
Funds
Restricted
Funds
Total
2022
Total
2021
Management & Admlnlstratlon
Wages & Salaries
Pension Costs
Staff training
JRCT - CDP expenses
JRCT - GBTS expenses
IFI - PYDP Lifehack expenses
JFJ - PIP expenses
30th Anniversary expenses
TEO Shared space project expenses
Live Here Love Here expenses
DFC - Job Start expenses
DCSDC - Grass Root expenses
DCSDC - Loekdown Liv¢ expenses
DSCDC - Festival expenses
DSCDC - Maritime expenses
NW Columbian Initiative expenses
St Stephens Green expenses
Community Foundation NI expenses
CFNI Ultach expenses
DFA- Momentum expenses
DFA - CCR expens¢s
IFI - CIP Divisionary expenses
IFI - PYDP Divisionary expenses
Other Programme expenses
Rates & water rates
Insurance
Light and heat
Cleaning and consumables
Repairs & maintenance
Printing, postage & stationery
Advertising & Donations
Computer costs
Telephone & internet
Unifornis
Travel & subsistence
Bank & interest charges
General & subscription expenses
Bad debts
Depreciation
Amortisation of capital grant
128,019
18,896
202,869
9,727
1,079
2,198
10,679
18,384
20,663
5,000
13,314
1,800
4,393
2,000
330,888
28,623
1,079
2,198
10,679
18,384
20,663
26,825
13,314
1,800
4,393
2,000
318.191
27,300
820
2,052
9,932
23,740
20,251
10,090
13,963
1,847
21,825
1,000
5,606
2,345
2.762
4,781
2,000
18,619
4,613
2.762
4,781
2,000
18,619
4,613
3,554
7,022
26,728
9,125
6,242
7,082
2,842
27,441
22,841
15,206
33,489
1,759
5,184
1,881
4,392
885
4,371
15,572
4.195
14,609
117,203
(58,172)
4,964
4,964
6,638
26,548
35,170
14,031
46,396
2,188
745
1,161
4,539
58
3,122
17,894
1,851
6.970
116,694
(58,172)
6,638
26,548
35,170
14,031
46,396
2,188
745
1,161
4,539
58
2,573
17,894
1,851
6,970
116,694
(58,172)
549
394.024
330,394
724,418
710,597
Page 16

Creggan Enteryrises Limited
(A company limited by guarantee)
Notes to the accounts
ror the year ellded 31 December 2022
Governanee Costs
Unrestricted
Fullds
Restricted
Funds
Total
2022
Total
2021
Auditors Remuneration
Accountancy fees
3,500
7,450
3,500
7,450
3,500
6,520
10,950
10,950
10,020
Net (outgolng)l incoming resources for the yeAr
2022
2021
Net (outgoing)/ incoming resources is stated after charging:
Depreciation and other amounts written off tangiblc fixed assets
Accountancy fees
Auditors, remuneration
116,694
7,450
3,500
117,203
6,520
3,500
Taxation
As a charity, Cre88an Enterprises Limited is exempt from tax on income and gains falling within
section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent
that these are applied to its chargeable objects.
Page 17

Creggan Ei nterprises Limited
(A company limited by guarantee)
Notes to the accounts
for th¢ y¢ar ¢nded 31 Deceniber 2022
Staff costs
The aggregate payroll costs incurred during the year were:
2022
2021
Wages and salaries
Pension costs
330,888
28,623
318,191
27,300
359,511
345,491
The number of employees who earned more than £60,000 during the year was as follows:
2022
Number
2021
Number
£60.001 to £70.000
Number of employees
The average monthly numbers of persons employed by the company during the year, including the
dircctors, amount¢d to:
2022
Number
2021
Number
Administrative staff
13
12
Page 18

Creggan Enterprises Limited
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 December 2022
Tangible assets
Land and
buildings
Plant & Flxtures, fittings
freehold macblnory
& equlpmeDt
Total
C05t
At l January 2022
At 31 December 2022
5,686,491
173,116
455,039 6,314,646
5,686 491
173,116
455,039 6,314,646
Depreelatlon
At l January 2022
Charge for the year
At 31 December 2022
2,108,313
113,728
173,116
443,140 2,724,569
2,966
116,694
2,222.041
173,116
446,106 2,841,263
Net book vAlues
At 31 December 2022
3,464,450
8,933 3,473,383
At 31 December 2021
3,578,178
11,899 3,590,077
Debtors
2022
2021
Trade debtors
Other debtors
Prepayments
60,698
23,302
2,212
44,010
47,311
2,129
86,212
93,450
10.
Current asset investments
2022
2021
NICE Shares
250
250
Page 19

Creggan Enterprises Limited
(A company limited by guarantee)
Notes to the accounts
for tho year ended 31 December 2022
11.
Creditors: amounts falling duc
within ono year
2022
2021
Trade creditors
Business credit card
Bank loans and overdraft
T￿eS and social security creditor
Other creditors
Deferred income (Note l2)
Accruals
12,167
1,935
85,535
18,020
12,355
120,056
15,797
2,431
737
58,809
20,460
47,355
139,792
15,738
265,865
285,322
12.
Deferred Income
2022
2021
Balance at l January 2022
Additions during the year
Amounts released to income
(139,792) (119,511)
(334,233) (363,181)
353,969
342,900
Balance at 31 December 2022
(120,056) (139,792)
Income is deferred as income w&s received before the end of the financial year 31 December 2022
and relates to post year end expenditure.
13.
Long-term Ilabllltles
2022
2021
Bank loans
Government Grants ( Note 14)
221,089
2,129,796
289,903
2,187,968
2,350,885
2,477,871
14.
CapltAI Grants
2022
2021
At l January 2022
Less: Capital Grants Amortised
At 31 December 2022
2,187,968
(58.172)
2,246,140
(58,172)
2,129,796
2,187,968
Page 20

Creggan Enterprises Limited
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 J)ecember 2022
IS. Securlty
Creggan Enterprises Limited is subject to the following charges;
Legal charge over 20,000 sq ft units at Blighs Lane, Derry.
-Third legal charge over property at Blighs Lane, kiiown as Rath Mor Centre
Enterprises Limited.
- Legal mortgage over l 0,000 sq ft unit at Blighs l.ane, Derry - clo Creggan Enterprises Limited.
lo Creggan
16.
Analysis of net assets between funds
Unrestrlcted Restricted
Funds
Assets
Total
funds
Fund balances at 31 December 2022 as represented by:
Tangible r￿ed assets
Current assets
Current liabilities and deferred income
Liabilities > l year
3,473,383
3,473,383
367,264
191,195
558,459
(196,471) (69,394) (265,865)
(2,350,885)
(2,350,885)
1,415,092
1,293,291
121,801
17.
Movements In Funds
At
At
l January Incoming Outgolng 31 December
2022 resources resources
2022
R¢stri¢ted funds:
Total restricted funds
Unrestricted funds:
Total unrestricted funds
98,226 353,969 330,394
121,801
1,297,011
401,254 404,974
1,293,291
Total funds
1,395,237
755,223 735,368
1,415,092
Purposes of Restricted Funds
Restricted grants awarded to the charity is provided to cover the core objects as explained in directors report,
18,
Analysis of changes In net cashflow
Opening
balance
Cash
flows
Closing
balance
Cash at bank and in hand
474,653
(2,656)
471,997
Paue 21

Creggan Enterprises Limited
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 Decembei" 2022
19.
Related Party Transaetions
There were no related party transactions in the period under review.
Key Management Personnel
Creggan Enterprises Limited has one member coiisidered to be key management personiiel. The
key management personnel compensation is as follows;
2022
2021
Remuneration
Pension benefit
69,812
6,000
68,912
6,000
75,812
74,912
20.
Limited by Guarantee
The company is limited by guarantee and does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not
exceeding £1 to the assets of the charitable company in tlie event of its being wound up while he or
she is a member, or within one year after he or she ceases to be a member.
21. Controlllng party
The ultimate Control of the company rests with the board of directors.
22.
Post BaI2nee Sheet events
No SI￿lfiCant events have taken place since the year end that would result in adjustments to 2022
financial infomjation or inclusion of a note thereto.
Page 22