Company registration number: N1656102
Garrison Community Group
Company limiled by guarantee
Unaudited financial statements
31 October 2023

Garrison Community Group
Company limited by guarantee
Contents
Page
Directors and other information
Directors report
Accountants report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Notes to the financial statements
8-11

Garrison Community Group
Company limited by guarantee
Directors and other information
Directors
Mrs Olivia Mcmanus
Mrs Jane Carney
Mrs Aine Latten
Mrs Katie Carty
Mr Anthony Feely
Mrs Sharon Treacy
Mrs Pauline Treacy
Mrs Siobhan Morris
Mrs Frances Merret
Mrs Rosemary Lyons
Company number
N1656102
Registered ottice
47 Loughside Road
Garrison
Co. Fermanagh
BT93 4BY
Business address
Main Slreet
Garrison
Co.Fermanagh
BT93
Accountants
Gerrard O'Brien & Co
27 Main St
Belleek
Fermanagh
BT93 3FY
Page 1

Garrison Community Group
Company limited by guaraniee
Directors report
Year ended 31 October 2023
The directors present their report and the unaudited financial statements of the company for the year ended
31 October 2023.
Directors
The directors who served Ihe company during the year were as follows:
Mrs Olivia Mcmanus
Mrs Jane Carney
Mrs Aine Latten
Mrs Katie Caty
Mr Anthony Feely
Mrs Sharon Treacy
Mrs Pauline Treacy
Mrs Siobhan Morris
Mrs Frances Merret
Mrs Rosemary Lyons
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small
companies exemption.
This report was approved by the board of directors on 26 February 2024 and signed on behalf of the board by:
Mrs Olivia Mcmanus
Director
Mrs Aine Latten
Director
Page 2

Garrison Community Group
Company limited by guarantee
Report to the board of directors on the preparation of the
unaudited statulory financial statements of Garrison Community Group
Year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of Garrison Community Group for the year ended 31 October 2023 which comprise
the statement of comprehensive income. statement of financial position, statement of changes in equity and
related notes from the company's accounting records and from information and explanations you have given
us.
As a practising member firm of the Association of Chartered Certified Accountants we are subject to its
ethical and other professional requirements which are detailed at http.'/kn.accaglobal.com/enlmember/
professional-standardsl rules-standardslacca-rulebook.html.
This report is made solely to the board of directors of Garrison Communty Group, as a body, in accordance
with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval
the financial statements of Garrison Communty Group and state those matters that we have agreed to state
to the board of directors of Garrison Community Group as a body, in this report in accordance with the
requirements
of the
Association
of Chartered Certilied Accountants
as
delailed
at
http".Ilww.accaglobal.comlcontenVdam/ACCA_Global ffechnicalltactrtechnical-factsheet-163.pdf. To the
fullest exlent permitted by law, we do not accept or assume responsibilily to anyone other than Garrison
Communty Group and its board of directors as a body for our work or for this report.
It is your duty to ensure that Garrison Community Group has kept adequate accounting records and to
prepare statutory financial statements that give a true and fair view of the assets, liabilities, tinancial position
and profit of Garrison Communty Group. You consider that Garrison Communty Group is exempt from the
statutory audit requirement tor the year.
We have not been instructed to carry out an audit or a review of the financial statements of Garrison
Community Group. For this reason. we have not verified the accuracy or completeness of the accounting
records or information and explanations you have given to us and we do not, therefore, express any opinion
on the stalutory f inancial statements.
Gerrard O'Brien & Co
Accountants
27 Main St
Belleek
Fermanagh
BT93 3FY
26 February 2024
Page 3

Garrison Community Group
Company limited by guarantee
Statement of comprehensive income
Year ended 31 October 2023
2023
2022
Note
Turnover
Other operating expenses
15,572
(14,946)
9,717
(9,1171
Operating profit
626
600
Profit before taxation
626
600
Tax on profit
Profit for the tinancial year and total
comprehensive income
626
600
All the activities of the company are from continuing operations.
The notes on pages 8 to 11 form part of these financial statements.
Page 4

Garrison Community Group
Company limited by guaranlee
Statement of financial posltion
31 October 2023
2023
2022
Note
Fixed assets
Tangible assets
2,403
2,404
2,403
2,404
Current assets
Debtors
Cash at bank and in hand
1,080
14,973
14,318
16,053
14,318
Creditors: amounts falling due
within one year
(1 ,5881
(480)
Net current assets
14.465
13,838
Total assets less current liabilities
16,868
16,242
Net assets
16.868
16,242
Capital and reserves
Profit and loss account
16,868
16,242
Members funds
16,868
16.242
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directors responsibilities..
The members have not required the company to obtain an audit Ot its financial statements for the year in
queslion in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of financial statements.
These financial stalements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime and in accordance with Section 1A of FRS 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland,.
The notes on pages 8 to 11 form part of these financial statements.
Page 5

Garrison Community Group
Company limited by guarantee
Statement of financial position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 26 February
2024, and are signed on behalf of the board by:
[LIQIIMLwS
Mrs Olivia Mcmanus
Director
Mrs Aine Latten
Director
Company registration number: N1656102
The notes on pages 8 to 11 form part ot these financial staiements.
Page 6

Garrison Community Group
Company limited by guarantee
Statement of changes in equity
Year ended 31 October 2023
Profit and
loss
account
Total
At 1 November 2021
15,642
15,642
Profit for the year
600
600
Total comprehensive income for the year
600
600
At 31 Oclober 2022 and 1 November 2022
16,242
16,242
Profit for the year
626
626
Total comprehensive income for the year
626
626
At 31 October 2023
16,868
16,868
Page 7

Garrison Community Group
Company limited by guarantee
Notes to the financial statements
Year ended 31 October 2023
General information
The company is a private company limited by guarantee, regislered in Northern Ireland. The address of
the registered off ice is 47 Loughside Road, Garrison, Co. Fermanagh. BT93 4BY.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section
IA, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,.
Accounting policies
Basls of preparation
The financial statements have been prepared on the historical cost basis. as modified by the revaluation
of certain f inancial assets and liabilities and investment properties measured at fair value through prof it
or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied
and services rendered. net of discounls and Value Added Ta
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have
transferred to the buyer {usually on despatch of the goods),. the amount of revenue can be measured
reliably; it is probable that the associated economic benefits will f low to the entity. and the costs incurred
or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represenls Ihe aggregate amount of current and deferred tax recognised in the
reporting period. Tax is recognised in the statement of comprehensive income. except to the extent that
it relates to items recognised in other comprehensive income or directly in capital and reserves. In this
case, tax is recognised in other comprehensive income or directly in capilal and reserves. respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at
the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or
substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax
losses and other deferred tax assets are recognised to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is
measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date that are expected to apply to the reversal of the timing difference.
Page 8

Garrison Communily Group
Company limited by guarantee
Notes lo the financial statements (continued)
Year ended 31 October 2023
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated
depreciation and impairment losses.
Any tangible assets carried ai revalued amounts are recorded at the fair value at the date of revaluation
less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
comprehensive income and accumulated in capital and reserves, except to the extent it reverses a
revaluation decrease of the same asset previously recognised in prolit or loss. A decrease in the
carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to
the extent of any previously recognised revaluation increase accumulated in capital and reserves in
respect of Ihat asset. Where a revaluation decrease exceeds the accumulated revaluation gains
accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or
loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful econom ic life of that asset as follows-
If there is an indication that there has been a significant change in depreciation rate, uselul life or
residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount
being estimated where such indicators exist. Where the carrying value exceeds the recoverable
amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at
each reporting date.
When it is not possible to eslimate the recoverable amount of an individual asset. an estimate is made
of the recoverable amount of the cash-generating unit lo which the asset belongs. The cash-generating
unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that
are largely independent of the cash inflows from other assets or groups of assets.
Page 9

Garrison Community Group
Company limited by guarantee
Notes to the financial stalements (continued)
Year ended 31 October 2023
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate ol interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or
preference shares are publicly traded or their fair value can otherwise be measured reliably, the
investment is subsequenlly measured at fair value with changes in fair value recognised in profit or loss.
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 terms or financed at a rate of interest 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 debl instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in
profit or loss. 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 in profit or loss im mediately.
For all equity instruments regardless of significance, and other financial assets that are individually
significant. these are assessed individually for impairment. Olher financial assets or either assessed
individually or grouped on the basis of sim ilar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immedialely, to the 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.
Limited by guarantee
Tangible assets
Fixlures,
fittings and
equipment
Total
Cost
At 1 November 2022 and 31 October 2023
2,403
2,403
Depreciation
At 1 November 2022 and 31 October 2023
Carrying amount
At 31 October 2023
2,403
2,403
At 31 October 2022
2,403
2,403
Page 10

Garrison Community Group
Company limited by guarantee
Notes to the financial statements (continued)
Year ended 31 October 2023
Debtors
2023
2022
Trade debtors
1,080
Creditors: amounts falling due within one year
2023
2022
Trade creditors
Other creditors
148
1,440
480
1,588
480
Page 11

Garrlson Communlty Group
Company limlted by guarantee
The following pages do not torm part of Ihe statutory accounts.

Garrison Community Group
Company limited by guarantee
Deiailed income statement
Year ended 31 October 2023
2023
2022
Turnover
Fundraising & contributions
Revenue grants
Fermanagh Trust - Callagheen Wind Farm Fund Grant
Rent receivable
7.929
4.023
1,500
2,120
1,125
5,327
2,000
1.265
15,572
9,717
Gross profit
15,572
9,717
Gross profit percentage
100.0°/.
Overheads
Distribution costs
Printing, postage and stationery
(18)
Administralive expenses
Room Hire
Rates
Insurance
Light and heat
Cleaning
Repairs and maintenance
Christmas events
Halloween Programme
Easter Programme
Volunteer Costs
Summer activities
Telephone
Computer costs
Other events
Legal and professional
Accountancy fees
Bank charges
General expenses
Subscriptions
(2.040)
1188)
19201
(1,0031
(67)
(331 }
(396)
(1 ,3901
(1421
{770)
{1 .278)
183)
{749)
{125)
1122)
(80)
1210)
12,620)
(236)
{7,398)
{360)
(360)
{501
(131
(699)
{167)
{233)
{8)
{300)
(1.500)
12061
(1)
114,946)
19,117)
Operating profit
626
600
Operating pro*it percentage
4.OQ/o
6.2°/0
Profit before taxation
626
600