Company number: N1683343 Charity number: NIC109768 Galliagh Community Conlro (Company Ilmltcd by guarantee) Direotors roport flnaDelal s(stements ror the year ended 31 Oelobor 2024
Galliagb Community Centre Conjpany limited by guarantee Contents Pago Legal and administrative infonnation Directors, report Independent Examinerfs report Statement of Fin8ncial Activities Balance Sheet Notes lo the financial st8temenls 8-13
Galliagh Community Cenlre Company limited by gu2rnlltee Company Information Dlr¢¢tors Edward Curley Yvonne Barr Maureen Collins Martln Connolly Maric Gillospie Caihal Mccauley Anne McKeever ChrIenc Mellon G¢rry Oweill Elisha Mccalliort Company number N1683343 CharAty number NIC 109768 R¢gi51ered offi¢c l A Fairview Rood Derry BT48 8NU Aeeounl#nt$ McGroaty McCatTerty & Company Ltd Accountants & Tax Consultants 2 Carlisle Terraee D¢rry BT48 6JX Bankers AIB (NI) Strand Road Derry BT48 7TN Page I
Galliogb Community Cenlre Company limited by guarantee Direelors, report ror th¢ year ended 31 October 2024 The directors pr¢s¢nt th¢ir report and Ilic audltcd flnanclal siaiem¢nts for the year ended 31 Octobcr 2024. Our objcctlves and aetlvllles Pur oso and aims The primary objective of Galliagh Community cent (GCC) is to bring community groups together to share resources, ideas and projxts to deliver programmes and service5 for ihe Galliagh Community. GCC alms to engage local residents of all ages inlo tlie centre and to provide a programm¢ of social and recreatlonal scrvices that meels the needs ofthe Community. How our charlty aetivitios deliv¢r publi¢ benetit Tlie public benefils iyhicli flow from our charitable activite5 are as follow&* Increase in number of local r¢sidcnts using th¢ centre. Increase in number of lo¢ol residents participating in d¢vclopmental programmes. with thc aim of reducing social exclusion. Ivlilcli wlll brlng about increased resilience. empowemient of, improv¢d social cohesion of residents across oll agc group5. Flnanclal rcvlew The financial perfonnance is summari5 in the eno105ed accounts. Structure? governance and management The company is governed and rnanaged by the board of directors. Tlie directors who served the company during the financial year are shown on page l. eerultmcnt and a olntmont o m8nA omenl ¢ommlttee Th¢ directors of ilie company ar¢ also charity trustees for ihe puryoses of Charity Law. Under the requirements of ilie Memorandum and Articlcs of Association directors are elected at an Annual General Meeling from amongst those persons nominated by the Ordinary Members. The directors have the power at any time to appoint any person to be a director, either to fill a ¢asual vacancy or an addition to the existing directors. Any dlrector so appointed serve5 only until ihe n¢xt Annual General Meeting Ht which directors are to be elected and are tlien eligible for re•election. A retiring d1ctOr is eligible for r¢-el¢gtion. Page 2
Galliagh Community Cenlrc Company limited by guarantee Directors, report ror the year ended 31 October 2024 ontinued Reserves Polic The Board of Direciors ljas examined tlio charity's requlr¢ments for reserves in light of the muin risks to the organlsatiort. Dircetors R¢$pon$ibilllies In Relation To The Financial Statements Company law requires the director5 to prepare financial siatements for each financial year whi¢h give a true and fair view of the state of the affairs of the charitable company and of th¢ profit or loss of the charity company for that year. In preparing these the dir¢ctor5 are required io: select suitable accounting policies and apply them consistently make judgements and cstimales that are re&sonable and prudent; observe methods and principles in the charit(es SORP 2019 (FRS 102). slate whcthcr applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements: prepare ihe financial statements on the going Concem basi5 unless it is inappropriote to presume that the eompany Ivill continue in business. The directors ar¢ i¢sponsibl¢ for keeplng proper dccountlng records Ivhich di5clos¢ wilh reasonable a¢curacy at any time the financial position of the company and to enable ihem to ensure that the financial statements comply wlth ihe Companies Act 2006. Thoy are also rcsponsible for safeguarding the assels of the compBny and hence for taking reOnable steps for tlie prevention and dete¢¢ion of fraud and other irregularities. Th¢ report is prepared in accordance with the special provisions Df Part 15 of the Companies Act 2006 relating to small companies and in acrA)rdan¢¢ with SORP 2019 (FRS102). Indepejjdent Examlner A resolution will be proposed at the Annual General Me¢ting ihat McGroaty M¢Cafferty & Company Ltd be reappointed as independent examiners for the ensuing year. The financial statements wer¢ approved and authorised for issue by the board on I l February 2025 and signed on ils behalf by; reetor Director Page 3
Calliagh Communlty Centre Company Ilmltcd by guarantee IDdependent ¢xamiDerfs report on the unaudiled finaaeial statements to the dlrectors of Galliagh Communlty CeDtre We report on the accounts of the company for the year cndcd 31 October 2024. whlch are set out on p8gCS 5-13. Respectlve responslblllrfes of Charlty dlrectors and examlner. As tli¢ ¢harity directors you are responsible for the preparation of the accounts in accordanc¢ with th¢ quir¢m¢nts of the Compani¢s A¢t 2006. Having satisfied outselves that the ¢harity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility10; examine the accounts under section 65 of the Charities A¢t 2008. follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of ihe Chariti¢5 Act 2008. state whether particular matters have come to our attention. BASIS ofindepgndent exnminer'5 report We have examined your charity nccounts as required under section 65 of the Charitles Act and our examination was carried out in accordance ivilh th¢ general directions given by the Charity Commission for Northem Ireland undcr Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by ihe cliarity and a comp<irison of ihc a¢wunts presented with those records. It also included a conslderatlon of any unusual items or disclosures in tlie accounts, and seeking cxplanations from you as charity directors ¢oncerning any such matters. Our role is to stato whcthcr any material n]att¢rs have comc to our attcntion giving us Cause lo beliove: that accounting records were not kept in accordance with secllon 3 86 of the CompaniE5 Act 2006: that the arxounts do not aocord with those accounting record5: that the accounts do nol comply with the accounting requirements of th¢ Section 396 of the Companigs Act 2006 and tlie methods and principles of the Cliarities Statement of Recommended Practice appllcable to charities preparing their accounts in accordance ivlth the Financial Reporting Standard applicabl¢ in th¢ UK and R¢publiG of Ireland; that there is further information needed for proper understanding. Indopcndent cxamlnor's statomont We can ¢onfirm we aro qualified to undertake the examination and arc regulated and a member of Chartered A¢countants Ireland, which is one of tlie listed bodi¢s. We have completed our examination and have no concerns in respect of the matters listgd Hbove and. in ¢onno¢tion wilh tho following directions of the Charity Commission for Northern Ireland. we have found no mallers that requir# drawing to your attention. McGr02rty Mc afferty & Conipany,Lt4 Accountants & Tax Consultallts 2 Carlisle Terrace BT48 6JX Date: 11 February 2025 PAge 4
G211iagh Community CeDtre Company limited by guarantee Statoment of Financial Activities ror tho year CDded 31 O¢tobor2024 Total Funds 2024 Tol21 Funds 2023 Unr49tri¢t¢d Fuuds Re$trictod Funds Income and Expondituro Incomlng Resources Voluntary Income Total Incomlng R¢sour¢es 46,185 67.848 114.033 56,476 46,185 67,848 114,033 56,476 R¢sourees Expended Direct Charitable EApcnditur¢ 46,185 67,848 114,033 56,476 114,033 56,476 Total R¢source5 Expended 46,185 67.848 Net Incomlng l (Outgoffing) Rcsources Balances brought forward Balon¢es ¢aff led forward 31 October 2024 The above amounts relat¢ to ¢ontinuin8 operation5 of tlie eharity. The charity has no recognised gains and lo5 Other than those inaluded in the results above and therefore no separule sttat¢mcnt of lotal recognised gains and losses has been pented. There is no dtfyerertec between the net incoming rcsourccs for the year Slated abov¢ and th¢ir historical rost equival¢nts. Page 5
Galliagh Communlty Centre Company limited by guarantee Balancc Sheet 95 at 31 October 2024 2024 2023 Not¢5 Curr¢nt 95SCts Debtors Cash at bank and in hand 23.451 3,721 456 9.817 27,172 E 0,273 Credllors: amounts falllng due wlthin one year (27,172) (10,273) Nct curr¢nt 2$5Qts Net assets Funds Restricted Unrestricted The notes on pages 8 to 14 form an integral part of these finallcial statements. Page 6
Galliagh Communlty Cenlre Comp2ny limited by guArantee Balance sheet (continu¢d) In approving th¢sc financial statements as directors of the company we lier¢by confirm: The company was entitled to exemption from audit under s477 of the Companles Act 2006 relating to small ompanics. The members have not required the company to obiain an audit in accordance with s¢ction 476 of the Companics Act 2006. Tlie directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect (o accounting records and preparation of accounts. Tliese accounts Iiave been prepared in accordance witl) tlie provisions applicable to small companies subject to th¢ simall ¢oJnpani¢s regim¢ and in occordance with SORP 2019 (FRSI02). The financial statements ivere approved and authorised for issue by the board on I l February 2025 and signcd on its half by; Dir ctor Director Dale: 11 Fobruory 2025 Date: 11 February 2025 Registrntion No: N1683343 Pago 7
Galliagh CommuDity Centre Company limitcd by guarantee Notes to th¢ finan¢ig1 statenients for tbc yeAf CDded 31 Oetober2024 Accounling pollcles The gharity is a privat¢ limit¢d company by guarantee. registered in Northern Ireland and a registered charity in Nortliern Ireland. The registered offl¢e is l A Fairview Road, Derry. BT48 8NU. 1.1. Accountlng convention The principal accounting polici¢s adopted in the preparation of th¢ financial stalqmcnts are set out below and l)ave remained unchanged from the previous year. and also hav¢ been ¢on5iStcntly applied within the same accounls. The charity constitutes a public benefit entity us defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Reeomthended Practice applicable to charities preparing their accounts in accordBnce with the Financial R¢porting Standard applIcable in ihe UK and Republic of Ireland Cliarities SORP 2019 (FRS 102) and the Compllnlos Act 2006. The financlal slatements are prepared on a going concern basis under the historical cost convention modificd to include tlic ¢¢rtain items at fair value. The financial statements are presented in sterling which 15 thc functional cutrency of the charity. Thc dlrectors consid¢r ihat thei¢ are no ma¢¢rial uncertalntle5 about lh¢ charitys ability to continue &s a going concern. 1.2. Incomlng resources All Incoming rosourcos are includcd in the statem¢nt of financial activities when the charity is ¢ntitled to lh¢ income and the amount can be quantified with reasonable a¢cura¢y. The following specific policies are applied to particular cologories of in¢otn¢: Voluntary income is reccivcd by way of grants, donatlons and 8ifts and is included in full In the statem¢nt of financial activities wlien recelvable. Grants whcre entitlemcnt is not conditional on the d¢livery of a specific perfomianee by the charily are Kcognised when the charity becomes unconditionally enlitled to the grant. Donoted services and facilities are included at the value to the chority where this can be quantified. The valuc of thc scrvices provided by th¢ volunteers h85 not been includcd. Gifts donated for resale are included a5 incoming resources within the activities for generating funds when they arc sold. Grants, in¢luding grants for Ihe purchase of fixed assets, are rttognised in full in the statement of rinancial a¢tivilies in the year in which ihey ar¢ reG¢ivabl¢. Income from investmenls is included in th¢ y¢ar in which it is receivable. Page 8
Galliagh Community Centre Company limited by guarantee Notes to thc financlal statemcnts for th¢ year elldcd 31 October2024 continued IJ. Rosourcos oxpendvd Expcnditur¢ is r¢cogni5ed on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot b¢ fully r¢¢ov¢r¢d, and is reported as part of the expenditure lo which it relates. Costs of generoting funds comprise the c051s associated with attracting voluntary income and the Gosts of Irading for fundraising purposes. Charitable expenditure comprises tliose costs incurred by the charity in the delivery of its activities and services for its benefioiories. It includes both costs that ¢an be allocated directly to su¢h activitles and those of an indirect nature necessary to support them. 1.4. Grants Revenue granis are credited to income on the ¢arlier date of when they are recelved or ivheft they are reccivllble, unless they relate to a specific future period, in wlilch case they are deferred. Grants for the purpos¢ of capiial expenditure are ciedited to restricted income when receivable, transfcrred to restricted funds on the purcliase of the asset and then ieleused to unrestricted thnds over the related asset's useful lives. Page 9
Galliagh Community Centre Company limitcd by guarantec Notes to Ihe financial statcments for Ihe year ended 31 Octob¢r2024 ontinued Unrestrtcted In¢om¢ 2024 Restri¢tcd In¢omo 20 Total Funds 2024 TotAI Funds 2023 In¢omlng Rosour¢os Incomln NIHE Apex DCSDC RHACCS-F¢il¢ Radius Funding GSAP Awards for All resources from charllablc acilvllles 10,000 5.000 18,398 10,000 9,950 14,500 10,000 5,000 18,398 10,000 9,950 14,500 240 500 8.072 67.848 67.848 8.812 Events and Room Hlro 46.185 46.185 47,664 Total 46,185 67,848 114.033 56,476 (i) Restrl¢ted Funds Funds received which are earniarked by the Funder for specific purposes. Such purposes are withln the overall aims of the organisation. (li) Unrcstrielcd Funds Funds which are expendable at the discretion of the company in furtherance of the aims of the harity. In addition funds may be held in order to tlnance pital investment and working ¢apital. Page 10
Galliagh Community Centre Company limited by guarantee Notos to the financial slatements for the year ended 31 October2024 ontinu¢d Resource5 Expended Unrutrlcted Funds Rcstrlctcd Funds Total 2024 TotAI 2023 Direct Charitable Expenditure Awards For All Expenses ProBramm¢ Costs Cataker Costs Opening Costs Programme Cosls Managemcnt Fees Repairs & Maintcnan¢¢ Catering Costs Insurllnce Stationcry & Poslagc Teleplione & Intemet Feile Costs Accountancy Fees Bank Fees General ENpens¢s Total 8,072 740 13,670 2.648 1,956 10.000 5.085 6,506 1.774 76 5.181 3,398 3,398 15,542 15,542 3.703 10.000 254 4.950 2,418 407 5,889 1.869 600 371 182 3.703 10,000 254 9.450 2.418 407 6,889 60.819 600 371 182 4,500 1,000 58.950 420 324 24 46,185 67,848 114,033 56.476 Taxation As a charity, Galliagh Community Centre is exempt from tax on income and gains falling wiihin section 505 of thc TeS Act 1988 or s256 of the Taxation of Chargeable Gains A¢t 1992 to the extent tl)at these are applied to its cliargeable obje¢t5. Accordingly. no lax charges hav¢ arisen in the charity. Debtors 2024 2023 Granls Rec¢ivabl¢ Prepayments 22,746 705 456 23.451 456 Page 11
C211i2gh Community Centre Company Ilmited by guarantee Notes to the finane121 st2toments for the year ¢nded 31 October2024 continued Creditors: #mounts falling due wlthln one year 2024 2023 Qther creditors & d¢f¢rr¢d incom¢ Accruals 12.985 14,187 9,852 421 27.172 10,273 Movements ID Funds Al l November Incoming Oulgoing 2023 r¢sour¢es resources Al 31 October 2024 Restricted funds: Restricted funds 67.848 (67,848) Unrestrictcd funds: General Funds 46.185 (46.185) Total Un[triCted funds 46,185 (46.185) 114,033 (114,033) Relaled party transactlolls There were no related party transactions in the year under review. controlling Interest Controlling interest of the charitable company lies with board of directors. 10. Company limiteLI by guarantee Galliagh Community Centre 15 a company Ilmited by Euarantee and not having a share capital. Th¢ company 15 incorporated in Northem Jreland. The register¢d office is IA Fairview Road, Derry, BT48 8NU. Page 12
Galliagh Community Centre Company limitcd by guarantee Notes to the financial slatements for the year ended 31 October 2024 ¢ontinu¢d 11. Post Balance Sheot cvcnts No significant events have taken pla¢¢ since the year end that would result ift adjustments to 2024 finaftcial infomiation or inclusion of a note thereto. Page 13