2023-03-31-accounts

chartered certified accountants & registered auditors Our Ref.. POH/LHISMMC/F1535IPERM Your Ref: 28th June 2024 Glor Dhun Geimhim 55 Garvagh Road Dungiven Co Derry BT47 4LU Dear Madam, AccoufiTS FOR THE YEAR ENDED 318T MARCH 2023 We have completed the accounts for the above period and enc108e one set of Financial statements for your record. Late filing fines With Companies House is £375. Once the accounts are processed Companies House will send out a notice to pay these fines. We enclose a fee for the accounts, which we trust you wiii find in order. Yours faithfully, {- P.F.S ACCOUNTANTS Enc 122 Moin Street. Dungiven. Co. L Defry. BT47 4LG T. 028 77742107 19 Kirk Avenue. Magherafelt. Co L Derry. BT45 OBT T. 028 79633221 E. [e-mail] www.pfsoccounlanls.co.uk Dlrectors.. P.M.O'Hagon, FCCA J.J. Donaghy. FCCA M.A.Wade. FCA PFS15 Ihe Ixacl￿Mg Th)mol PFSAccoL¥)lonls cThYAu¢Yilw Lld. kegslered 0￿". IK Moin Sttht. Duroikw. BT47 4LG.Reg￿ter￿l No.Nl 633top rrfislered osAudilw ￿ Ihe Unile(J ￿￿￿d(￿n orKI *ACCA ACCA Chartered Cerlitied Accountants Regislered Audilors

In occounl with: 28th June 2024 Date.. ch t red certified accountants Glor Dhun Geimhin Community Develop4ent Group & regislered auditors 55 Garvagh Road Dungiven Co Derry 122 Moin Streel, DUNGIVEN Co. L DeTry BT47 4LG T. 028 77742107 E. [e-mail] Invoice No. D27463 FINANCL4L STA TEMENTS 2022/2023 TO Accountancy and Professional Services in connection with the preparation of Annual Accounts for the above year. COMPANYSECRETARIAL TO Accountancy and Professional Services in connection with the Completion of Company Confirniation Statement and submission of same to Companies House. SUNDR Y TO Sundry other matters including all interviews and correspondence in connection with the above. Fee 1,020.00 VAT 204.00 1,224.00 OUTLA Y- Coil Irmalion Slalement 26.00 1250.00 Fees are payable within 30 days of this Fee Note This invoice is therefore due on 28111 JHI 2024 Please note our payment details are: Account Name: PFS Accountants and Auditors Ltd Sort Code: 980583 Account Number: 10695359 CREDIT FACILITIES AVAILABLE 122 Moin Slreel, DUng￿en. Co. L Derry. BT47 4LG T. 028 77742107 19 Kirk Avenue, Magherofelt. Co L Derry. BT45 6BT T. IY28 79633221 E. [e-mail] www.plsaccounlanls.co.uk DI￿or$.. P.M. O'Hagon, FCCA J.J. Do[￿ghY. FCCA M.A.Wade. FCA PFS Is the p￿in¥ FFSAccwntonls orKI Axlilors Ud. 0[￿.. 122 Mcmn Sl*l. DuryweoBT414LG.Reg151¥ed No. Nl 633DJg ACCA Charlered Certified Accountants Registered Auditors

COMPANY REGISTRATION NUMBER: N1630062 CHARITY REGISTRATION NUMBER: NIC107164 Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 PFS ACCOUNTANTS AND AUDITORS LTD Chartered Certified Accountants 122 Main Street Dungiven Co Derry BT47 4LG

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustee's annual report (incorporating the directorfs report) Independent examiners report to the trustee Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Trustee's Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2023 The trustee, who is also the director for the purposes of company law, presents his report and the unaudited financial statements of the charity for the year ended 31 March 2023. Reference and admlnistrative details Registered charlty name Glor Dhun Geimhin Community Development Group NIC107164 Charlty registration number Company reglstratlon number N1630062 Principal offlce and reglstered 41 Main Street office Dungiven Co. Derry BT47 4LG Northern Ireland The trustee Miss Maria Mullan Mrs Joelene Grieve Miss Danielle Mccallion Mrs Ursula McGuigan Mr Cathal O'Hoisin (Resigned 4 February 2024) (Resigned 4 February 2024) (Resigned 25 June 2024) (Resigned 25 June 2024) (Appointed 2 April 2024) Independent examlner Patrick O'Hagan 122 Main Street Dungiven Co Derry BT47 4LG Structure. govemance and management Structure, governance and management text Glor Dhun Geimhin Community Group is a company limited by guarantee and accepted as charitable by HMRC under reference XT21615. The company was incorporated on 18th March 2015. The company was established under a Memorandum of Association which established the objects and powers of the company, and is governed by its Articles of Association. The liability of members is limited in that every member of the company undertakes to contribute an amount not exceeding £1 in the event of the company being wound up. The charity Trustees are also Directors of the company. The Board meet monthly to review and discuss the needs of the company.

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Trustee's Annual Report (Incorporating the Director's Report) {¢ondniiedJ Year ended 31 March 2023 Objectives and actlvlties The aims and objectives of the company are to provide Irish culture. language and dance. We had another progressive year to March 2012, securing funding for the year ahead. We organised many activities and outings which were all a success. The company welcomed a language officer who has helped with the development of the irish language in particular. Achlevements and performance The year ending 31 March 2023 was a positive year. The group enjoyed trips, activities and outings. The group offers music, dance and language classes from experienced lutors, which has proved beneficial to all involved. Flnanclal revlew Total incoming resources for the year from charitable activities V￿re £65,884 of which £55,860 was from grants. Total resources expended was £69,102 {2022 £100,447) The balance for the year end was a deficit of £3.218 The trustee's annual report was approved on 25 June 2024 and signed on behalf of the board of truslees by.. Mr Cathal O'Hoisin Trustee

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Independent Examiner's Report to the Trustee of Glor Dhun Geimhin Community Development Group Year ended 31 March 2023 I report to the trustee on my examination of the financial statements of Glor Dhun Geimhin Community Development Group ('the charity,) for the year ended 31 March 2023. Responslbllitles and basls of report As the trustee of the company (and also its director for the purposes of company law) you are responsible for the preparation of the financial slalements in accordance with the requiremenls of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 {'the 2006 Act'l. 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 carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the 2008 Act. Independent examlnerfs statement I have completed my examination. I confimi that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect- accounling 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 wilh 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 fail 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 understanding of the accounts to be reached. Patrick O'Hagan Independent Examiner 122 Main Street Dungiven Co Derry BT47 4LG 25 June 2024

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricled funds Note Income and endowments Donations and legacies Total Income 21,635 21.635 44,249 65,884 147,517 44,249 65,884 147,517 Expenditure Expenditure on charitable activities Total expendlture 3.845 65.257 69,102 100,447 3.845 65.257 69,102 100,447 Net {expendlture)Ilncome and net movement in funds 17,790 (21.008) (3,218) 47,070 Reconciliation of funds Total funds brought foDNard Total funds carrled forward 78,060 916,123 895,115 994,183 947.113 994,183 95,850 990,965 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 13 form part of these financlal stslemonts.

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets 12 1,014,173 1,010,752 Current assets Debtors Cash at bank and in hand 13 1.361 12,128 3,315 28,123 31,438 13,489 Credltors: amounts falllng due wlthln one year Net current liabllities 14 36,697 48,007 23,208 990,965 16,569 Total assets less current Ilabllltles 994,183 994,183 Net assets 990,965 Funds of the charity Restricted funds Unrestricted funds 895,115 95,850 990,965 916,123 78,060 994,183 Total charlty funds 16 For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small Companies. Directorfs 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 director acknowledges his responsibilities for complying with the requirements 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 subject to the small companies. regime. These financial statements were approved by the l)oard of trustees and authorised for issue on 25 June 2024, and are signed on behalf of the board by.. Mr Cathal O'Hoisin Trustee The notes on pages 6 to 13 form part of these flnancial statements.

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General informatlon The charity is a public benefit entiiy and a Private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 41 Main Street, Dungiven, Co. Derry, BT47 4LG, Northem Ireland. Statement of compliance 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 charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting polScles Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assels 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 entity. Golng concern There are no material uncertainties about the charity's ability to continue. Fund accountlng 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 trustee for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sub<lasses: restricted income funds or endowment funds.

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 Accounting policles fcontlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associaled with the Iran5aclion will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donat￿nS or grants is recognised when there is evidence of entitlement 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 fair value of the goods unless Ihis is impractical to measure reliabty, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities 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 volunteer8. income from contracts for the supply of services is recognised with the delivery of the contracted seNice. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent. in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates= expenditure on raising funds includes Ihe costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking aclivities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating lo the governance of the charity 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 refiecting the use of the resource. Direct costs altribulable to a single adivity are allocated directty to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistenl basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Accounting pollcles fcontlnued) Tanglble assets {eontlnued) An increase in the carrying amount of an assel as a result 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 statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other 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 activities. DepreclatSon Deprecialion is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Freehold property Fixtures and fittings 20/0 Straight line 100kn straight line Impalrment of flxed assets A review for indicators of impaimient is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recovefable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting dale. For the purposes of impairment tesling, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount 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 independent of the cash inflows from other assets or groups of assets. For impairment lesting of goodwill, the goodwill acquired in a business combination is, from the acquisition dale, allocated to each of the cash-generaling units that are expected to benefit from Ihe synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financlal Instruments A financial asset or a financial liability 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 subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedJ Year ended 31 March 2023 Accounting policies (continued) Financial instruments {contlnugd) 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 subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business temis or financed at a rate of inlerest 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 of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. 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 Ihe extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Deflned contrlbutlon 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 asset to Ihe extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmlted by guarantee The company has no share capttal and is a company limited by guarantee.

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Notes to the Financial Ststements (continue(Q Year ended 31 March 2023 Donations and legacles Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations Rent received Classes other income Solar panels 1,641 4,679 1.450 418 1.836 1,641 4,679 1,450 418 1,836 Grants Foras na Gaeilge Parish Missionary Outreach Trust Community foundation Slieve Kirk Wind Farm EA Region 9,511 500 36,419 45,930 500 6,330 1,500 1,600 65,884 6,330 1,500 1,600 21,635 44,249 Unrestricted Funds Restricted Total Funds Funds 2022 Donatlons Rent received Classes Other income Solar panels 4,048 1,755 105 1,781 4,048 1,755 105 1,781 Grants Foras na Gaeilge Causeway coast and glens DEARA Parish Missionary Outreach Trust Small Capital Grant Community foundation DFC Oireachtas na Gaeilge Glor na Geal Teoranta 53,256 44,474 28,363 53,256 44,474 28,363 500 640 4,204 7,814 160 417 500 640 4,204 7,814 160 417 8.189 139,328 147,517 10

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Notes to the Financial Statements {conllnued) Year ended 31 March 2023 Expendlture on charitable actlvlties by fund type Unrestricted Funds Restricted Total Fund8 Funds 2023 Charitable activities 3,845 65,257 69,102 Unrestricted Funds Restricted Total Funds Funds 2022 Charitable activities 13,791 86,656 100,447 Expendlture on charltable activitles by actlvlty type Activities undertaken Total funds directly 2023 Total fund 2022 Charitable activities 69,102 69,102 100,447 Net lexpendlture)lincome Net {expenditure)lincome is stated after chargingl{crediting): 2023 2022 Depreciation of tangible fixed assets 24,827 23,443 Independent examlnation fees 2023 2022 Fees payable to the independent examiner for.. Independent examination of the financial statements 863 2,024 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2023 2022 Wages and salaries Employer contributions to pension plans 8,575 16,565 2.294 8,575 18,859 11

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 March 2023 10. Staff costs (continued) The average head count of employees during the year was 2 (2022.. 2). The average number of full-time equivalent employees during the year is analysed as foll0v￿.. 2023 2022 No. Admin No employee received employee benefrts of more than £60,000 during the year (2022.. Nil). 11. Trustee remuneration and expenses None of the trustees of the charty received remuneration during the year ended 31 March 2023. 12. Tanglble fixed assets Freehold Fixtures and property fittings Total Cost At 1 April 2022 Additions 1.070,894 28,248 28.437 1,099,331 28,248 1,127,579 At 31 March 2023 1.099,142 28,437 DepreclatSon At 1 April 2022 Charge for the year At 31 March 2023 76,489 21,983 12,090 2,844 88,579 24,827 113,406 98.472 14,934 Carrying amount At 31 March 2023 1,000,670 13,503 1,014,173 At 31 March 2022 994,405 16,347 1,010,752 13. Debtors 2023 2022 Other debtors 1,361 3,315 12

Glor Dhun Geimhin Community Development Group Company Limited by Guarantee Notes to the Financial Statements f¢ontlnuedJ Year ended 31 March 2023 14. Creditors: amounts falling due within one year 2023 2022 Bank loans and overdrafts Trade creditors Accruals and deferred income 33,926 1,661 1,110 43,573 3,054 1,380 36,697 48,007 15. Pensions and other post retlrement beneflts Deflned contributlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £Nil {2022'. £2,294). 16. Analysls of charltable funds Unrestrlcted funds At 1 April 2022 At Income Expenditure 31 March 2023 General funds 78.060 21,635 (3,845) 95,850 At 1 April 2021 At Income Expenditure 31 March 2022 General funds 83,662 8,189 (13,791) 78,060 Restrlcted funds At 1 April 2022 At Income Expenditure 31 March 2023 Restricted Fund 916,123 44,249 (65,257) 895,115 At 1 April 2021 At Income Expenditure 31 March 2022 Restricted Fund 863,451 139,328 (86,656) 916,123 13