Charity registratlon number NIC107774
Company registration number N1642200 {Northern Ireland)
THE BETHANY COMMUNITY TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE BETHANY COMMUNITY TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Monsignor B Mccanny
Dr S Bradley
Mr F McAulay
Mr G McNicholl
Mr N MacFlynn
Mrs M Harron
Charity number
NIC107774
Company number
N1642200
Registered office
115 Irish Green Street
Limavady
BT49 9A8
Independent examiner
PFS & Partners
16 Main Slreet
Limavady
BT49 OEU
Bankers
Bank of Ireland
2 The Diamond
Coleraine
BT52 1 DE

THE BETHANY COMMUNITY TRUST
CONTENTS
Page
Trustees, report
Independent examinevs report
Stalement of financial activities
Balance sheet
Notes to the financial statements
6-12

THE BETHANY COMMUNITY TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in nole 1 to the
financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS
1021" leffective 1 January 2019).
This documenl has been prepared based on the guidance provided by the Charity Commission and Trustees have
had regard to Ihe Commission's Public Benefit requirement statutory guidance.
Objectives and activities
The Bethany Community Trust was set up by members of the Limavady Community with the objective ofbuilding a
local community hall on the site of a parish hall that was destroyed in a fire in 2009.
The site of Ihe Communily Centre lies in an identified area of deprivation. Accordingly, the Belhany Trust was able
to attract funding from the Neighbourhood Renewal Investment Fund which operates under the auspices of the
Department for Communities {D for Cl in Northern Ireland. The application was successful and the Trust received a
grant of £400,000 towards the cost of the building.
The cost of the build was approximately £1 million. The Parish of Limavady provided £720,000 with the balance
coming from the Neighbourhood Renewal Investment Fund. The build work wa5 completed in 2020 and the charity
took delivery of Ihe keys in September 2020. The building was used infrequently over the first two years. The
calendar year 2022 was the first year when the Bethany Community Centre was free to open without Covid-19
restriction5.
The day lo day management of the Community Cenlre 15 carfied out by a steering group drawn from the differenl
groups using the facility-
Public benefit
The Irustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achievements and perfomianee
Significant activities and achievements against objeGtives
The following groups are presently using the Community Centre on an ongoing basis=
Senior Citizens
Moumers
Ecumenical Groups
st Vincenl de Paul I Salvation Army at Christmas lime
Community meetings
Bowling clubs
Children's summer scheme
Special needs groups
Local drama and arts groups
Voluntary outreach programmes I courses
School parents and teachers associalions
Community concerts and show5, guest teas etc.
Health and well being lelderly etc.}
Pilates
Financial review
Total Incoming resources amounted to £17,233 (2022.. £19,594) and after deducting resourGes expen(led of £42.521
12022.. £40,551) net expenditure of resources amounted to £25,28812022'. £20,957).

THE BETHANY COMMUNITY TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, govemance and management
The Bethany Community Trust, a private company limited by guarantee, was incorporaled on 17 NOVem￿r 2016
(company No.. Nl 642200). The Directors of the Trusl are all drawn from the local community and give their time and
professional expertise completely free of charge.
The Northem Ireland Charities Commission approved The Bethany Communily Trust's registration on
23 November 2020.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial statements were..
Monsignor B Mccanny
Dr S Bradley
Mr F McAulay
Mr G McNicholl
Mr N MacFlynn
Mrs M Harron
Recmitmenl and appointment of trustees
Any person who is willing to act as a trustee, and is permitted by law to do so, may be appointed to be a trustee by
either an ordinary resolution or by a decision of the trustees.
Unless otherwise determined by the company in General Meeling Ihe number of Irustees shall be not less than ￿0.
None of the trustees has any beneficial interest in the company. All of the truslees are members of Ihe company and
guarantee to conlribute £1 in Ihe event of a winding up.
The trustees, report was approved by the Board of Trustees.
GMC
stee
choll
27 February 2024

THE BETHANY COMMUNITY TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BETHANY COMMUNITY TRUST
I report to the Iruslees on my examination of the financial ststements of The Bethany Community Trust (the charity)
for the year ended 31 De￿mber 2023.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the
preparation of Ihe financial statements in accordance with Ihe requirements of the Companies Act 201A (the 2006
Acti.
Having satisfied myself that the financial slatemenls of the charity are not required to be audiled 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 slatemenls carried out under section 65 of the Charities Act (Northern Ireland) 2008 {Ihe 2008 Act). In
carying out my examination I have followed all the applicable Directions given by The Charity Commission for
Northern Ireland under section 65191{b) of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confim) that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were nol 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 wilh Ihe accounting requirements of seclion 396 of the 2006 Act other
than any requirement that the accounts give a tnje 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 Ihe
Stalement 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 1021.
I have no concems and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial ststements to be leached.
PFS & Partners
16 Main Street
Limavady
BT49 OEU
Dated= 27 February 2024

THE BETHANY COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Notes
Income from:
Donations and legacies
17,233
17,233
9,594
10,000
19.594
Charitable activilies
42,521
42,521
40,551
40,551
Net expenditure
{25,288)
(25.2881
{30.957)
10,000
(20,957)
Transfers belween
funds
40,000
140,000)
160.000
1160,0001
Net movement in
funds
14,712
140,000)
{25,2881
129,043
1150,000}
{20,9571
Reconciliation of funds:
Fund balances at 1 January
2023
86,653
240,000
326.653
(42.390)
390.000
347,610
Fund balances at 31
December 2023
101,365
200,000
301,365
86,653
240,000
326,653
The statement of financial activilies includes 211 gains and losses recognised in the year. All income and expenditure
derive from continuing aclivities.

THE BETHANY COMMUNITY TRUST
BALANCE SHEET
AS A T 31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assels
968,394
990,861
Current assets
Cash at bank and in hand
53,576
56,160
Creditors: amounts falllng due within
one year
605
368
Net current assets
52,971
55.792
Total assets less current liabilities
1,021.365
1,046,653
Creditors: amounts falling due after
more than one year
10
1720.0001
{720,000}
Net assets
301,365
326,653
The funds of the charity
Restricted income funds
Unrestricled funds
11
200,000
101,365
240.000
86,653
301,365
326,653
The company is entttled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006. for the year ended 31 December 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Acl 2006
with respect to accounling records and the preparation of financial statements.
The members have nol required the company to obtain an audit of ils financial statements for Ihe year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on 27 February 2024
Mr F McAulay
Trustee
icholl
Tr
stee
Company registration number N1642200 (Northern Ireland)

THE BETHANY COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
Charity infomiation
The Belhany Community Trust is a private company limiled by guarantee incorporated in Northern Ireland.
The registered office is 115 Irish Green Street, Limavady, BT49 9AB.
1.1 Accountlng convention
The financial statements have been prepared in accordance with the charity's Igoverning documenll, the
Companies Acl 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Stalement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102)" (effective 1 January 20191. The
charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of
Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial stalemenls have been prepared under the historical cost convention, Imodified to include the
revaluation of freehold properties and lo include inveslment properties and certain financial inslruments al fair
valuel. The principal accounting policies adopted are sel out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that Ihe charity
has adequate resources to continue in operational existence for the foreseeable fvture. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted fvnds are available for use at the discretion of the trustees in furtherance of their chaiilable
objectives.
Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are set out in Ihe notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
harity.
1.4 Intome
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donalion, unless performance conditions require deferral of the amount. Income lax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending dislribulion.
the amount is known, and receipt is expected. If the amount is nol known, the legacy is treated as a
contingent asset.

THE BETHANY COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
(Continued)
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third patty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of dir￿1 co81s and
shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity- Shared costs which contribute to more than one activity and
support costs which are not altributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured 81 cost and subsequenlly measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Fixtures and fittings
2 /ty Straighl line
150/0 reducing ba18nce
The gain or loss arising on the disposal of an asset is delermined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in Ihe statement of financial activities.
1.7 Impaimient of fixed assets
At each reporting end date, the charity reviews the carying amounts of ils tangible assets lo determine
whether there is any indication Ihal those assets have suffered an impairment loss. If any such indication
exists, Ihe recoverable amount of the asset is estimated in order to detemiine the extent of the impairment
loss lif any).
1.8 Cash and cash equivalents
Cash and cash equivalen15 include cash in hand, deposits held at call with banks, other short-lerm liquid
investments wilh original maturities of three months or Sess, and bank overdrafts. Bank overdrafls are shown
within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances. are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method Unless the arrangement constitutes a financing transaction, where the transaction is
measured al the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.

THE BETHANY COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaclion price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured al the present
value of the future payments discounted al a market rate of interest. Financial liabililies classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using Ihe effective interest rate method.
Trade credilors are obligalions to pay for goods or seNices Ihat have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilrties are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.9 Employee benefits
The cost of any unused holiday enlitiement is recognised in Ihe period in which the employee's services are
received.
Temination benefits are recognised immediately as an expense when the charity is demonstrably commilted
to terminate the employment of an employee or to provide termination benefits.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Iruslees are required to make judgement5, estimates
and assumptions about the carrying amount of assets and liabilities that are nol readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these eslimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restrlcted
funds
funds
2022
2022
Total
2023
2022
DFC grant
Hall hire
10,000
10,000
9,594
17,233
17,233
9,594
17,233
17,233
9.594
10,000
19,594

THE BETHANY COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Expenditure on charltable activities
Hall Hire
2023
Hall Hlre
2022
Direct costs
Depreciation and impairment
Water rates
Heat and light
Repairs and maintenance
Telephone
Funeral expenses
Bank fees
Sundry
22,467
783
5,949
7,815
606
3,590
171
160)
22.843
490
6,704
7,178
461
1.017
158
41,321
38,851
Share of support and governance costs (see note 51
Governance
1,200
1,700
42,521
40,551
Analysis by fund
Unreslricted funds
42,521
40.551
Support costs allocated to activities
2023
2022
Governance costs
1,200
1,700
Analysed between:
Hall Hire
1,200
1,700
Trustees
None of the trustees {or any persons connected with them) received any remuneration or benefits from the
charity during the year.
Employees
The average monlhly number of employees during Ihe yearwas..
2023
Number
2022
Number
Total
There were no employees whose annual remuneration was more than £60.000.

THE BETHANY COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Tangible fixed assets
Fr•trhold land Fixtures and
and buildings
flttlngs
Total
Cost
At 1 January 2023
1,016.865
19,654
1,036,519
At 31 December 2023
1,016,865
19,654
1,036,519
Depreciation and impaimient
At 1 January 2023
Depreciation charged in Ihe year
40.204
20,337
5,454
2,130
45,658
22.467
Al 31 December 2023
60,541
7,584
68,125
Carrying amount
At 31 December 2023
956,324
12,070
968.394
At 31 December 2022
976,661
14,200
990,861
Creditors: amounts falling due within one year
2023
2022
Other taxation and soci81 security
605
368
10 Creditors: amounts falling due after more than one year
2023
2022
Parish loan
720,000
720,000
This is a concessionary loan granled to the Charity by St. Mary's Parish, Limavady, on lerms which are not
market related. The loan was granted to assist Ihe Charity in achieving its policy objectives. No interest is
levied by the Parish and repayment terms are flexible.
11 Restricted funds
The restricted funds of the charity comprise Ihe unexpended balances of donations and grants held on trust
subjed to specifiG conditions by donors as to how they may be used.
At 1 January
2023
Incoming
resources
Transfers
At31
December
2023
DFC Grant
240.000
{40,000}
200.000

THE BETHANY COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Restricted funds
{Continued}
Prevlous year:
At 1 January
2022
Incoming
resources
Transfers
At31
December
2022
DFC Grant
390,000
10,000
1160,0001
240,000
12 Unrestricted funds
The unrestricted funds ofthe charity comprise the unexpended balances ofdonations and grants which are
not subject lo specific conditions by donors and gfanlors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the truslees for specific purposes.
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
General funds
86,653
17,233
(42.5211
40,000
101,365
Previous year:
At 1 January
2022
Incoming
resources
Resources
expended
Transfers
At31
December
2022
General funds
(42,3901
9,594
{40,551)
160,000
86,653
13 Analysis of net assets between funds
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
Fund balances at 31 December 2023 are represented by:
Tangible assets
Current assetsl{liabilities)
Long term liabililles
768.394
52,971
(720,000)
200,000
968,394
52,971
1720,000)
101,365
200,000
301,365
11

THE BETHANY COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
13 Analysls of net assets between funds
{Contlnued}
Unrestricted
funds
2022
Restricted
funds
2022
Totsl
2022
Fund balances at 31 December 2022 are represented by:
Tangible assets
Current assetsl(liabilitiesl
Long term liabilities
750,861
55,792
1720,0001
240,000
990.861
55.792
(720,000)
86,653
240,000
326.653
14 Related party transactions
There were no disclosable related party transactions during Ihe year12022 - none).
12