BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continued to be that of relief of poverty and to promote the benefit of the inhabitants of the Glenullin and Agivey area and the neighbourhood thereof. The Trust promote the advancement of education and the provision of information technology, the promotion and encouragement of business development in the area, and the provision of facilities on the interest of social welfare for recreation and leisure time occupation with the object of improving the conditions of life. 12 June 2025 3 0 NI033006 2024-09-30 NI033006 2023-09-30 NI033006 2022-09-30 NI033006 2023-10-01 2024-09-30 NI033006 2022-10-01 2023-09-30 NI033006 uk-bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 NI033006 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI033006 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI033006 uk-bus:Director1 2023-10-01 2024-09-30 NI033006 uk-bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 NI033006 uk-bus:Director3 2023-10-01 2024-09-30 NI033006 uk-bus:CompanySecretary1 2023-10-01 2024-09-30 NI033006 uk-bus:RegisteredOffice 2023-10-01 2024-09-30 NI033006 uk-bus:Agent1 2023-10-01 2024-09-30 NI033006 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI033006 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI033006 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI033006 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI033006 uk-bus:FRS102 2023-10-01 2024-09-30 NI033006 uk-core:LandBuildings 2023-10-01 2024-09-30 NI033006 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI033006 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI033006 uk-core:WithinOneYear 2024-09-30 NI033006 uk-core:WithinOneYear 2023-09-30 NI033006 2023-10-01 2024-09-30 NI033006 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Glenullin and Agivey Conservation and Development Trust
(A company limited by guarantee, not having a share capital)
 
Directors' Report and Unaudited Financial Statements
 
for the financial year ended 30 September 2024



Glenullin and Agivey Conservation and Development Trust
(A company limited by guarantee, not having a share capital)
DIRECTORS AND OTHER INFORMATION

 
Directors Eileen McLaughlin
Lawrence O'Kane
Terence McIlvar
 
 
Company Secretary Lawrence O'Kane
 
 
Company Registration Number NI033006
 
 
Registered Office Glenullin Resource Centre
1 Glen View
Garvagh
Derry
BT51 5DZ
 
 
Business Address 1 Glenview
Brockagh Road
Garvagh
Co. Derry
BT51 5DZ
Northern Ireland
 
 
Accountants Quarter Chartered Accountants
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG



Glenullin and Agivey Conservation and Development Trust
(A company limited by guarantee, not having a share capital)
DIRECTORS' REPORT
for the financial year ended 30 September 2024

 
The directors present their report and the unaudited financial statements for the financial year ended 30 September 2024.
 
Principal Activity
The principal activity of the company continued to be that of relief of poverty and to promote the benefit of the inhabitants of the Glenullin and Agivey area and the neighbourhood thereof. The Trust promote the advancement of education and the provision of information technology, the promotion and encouragement of business development in the area, and the provision of facilities on the interest of social welfare for recreation and leisure time occupation with the object of improving the conditions of life.
 
The Company is limited by guarantee not having a share capital.
     
Financial Results
The surplus for the financial year after providing for depreciation amounted to £398 (2023 - £270).
     
Directors
The directors who served during the financial year are as follows:
     
Eileen McLaughlin
Lawrence O'Kane
Terence McIlvar
   
There were no changes in shareholdings between 30 September 2024 and the date of signing the financial statements.
     
In accordance with the Articles of Association, the directors retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Directors' Responsibilities
     
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Terence McIlvar
Director
     
     
___________________________
Lawrence O'Kane
Director
     
12 June 2025



Glenullin and Agivey Conservation and Development Trust
(A company limited by guarantee, not having a share capital)
INCOME AND EXPENDITURE ACCOUNT
for the financial year ended 30 September 2024
2024 2023
Notes £ £

Income 5,034 5,034
 
Expenditure (4,636) (4,764)
───────── ─────────
Surplus before tax 398 270
 
Tax on surplus 5 - -
───────── ─────────
Surplus for the financial year 398 270
───────── ─────────
Total comprehensive income 398 270
    ═════════   ═════════



Glenullin and Agivey Conservation and Development Trust
(A company limited by guarantee, not having a share capital)
Company Registration Number: NI033006
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 6 4,513 8,969
───────── ─────────
 
Creditors: amounts falling due within one year 7 (2,287) (2,107)
───────── ─────────
Net Current Liabilities (2,287) (2,107)
───────── ─────────
Total Assets less Current Liabilities 2,226 6,862
 
Government grants 8 (5,031) (10,065)
───────── ─────────
Net Liabilities (2,805) (3,203)
═════════ ═════════
 
Reserves
Income and expenditure account (2,805) (3,203)
───────── ─────────
Members' Deficit (2,805) (3,203)
═════════ ═════════
 
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 12 June 2025 and signed on its behalf by
           
           
________________________________          
Terence McIlvar          
Director          
           
           
________________________________
Lawrence O'Kane
Director
           



Glenullin and Agivey Conservation and Development Trust
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Glenullin and Agivey Conservation and Development Trust is a company limited by guarantee incorporated in Northern Ireland. Glenullin Resource Centre, 1 Glen View, Garvagh, Derry, BT51 5DZ is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2024 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Cash flow statement
The company has availed of the exemption in FRS 102 from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
  Plant and machinery - 3 Year Straight line
  Fixtures, fittings and equipment - 10% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable income for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable income and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Income and Expenditure Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income and Expenditure Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income and Expenditure Account.
   
3. Going concern
 
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the local community and the Board of Trustees commitment to maintaining sufficient activity to enable the Centre to reamin open.

If the going concern basis is not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount to provide for any further liabilities thay may arise and to reclassify fixed assets and long term liabilities as current liabilities.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 0, (2023 - 0).
 
  2024 2023
  Number Number
 
Directors 3 -
  ═════════ ═════════
       
5. Tax on surplus
  2024 2023
  £ £
Analysis of charge in the financial year
 
Current tax:
Corporation tax - -
  ═════════ ═════════
 
No charge to tax arises due to tax losses incurred.
           
6. Tangible assets
  Land and Plant and Fixtures, Total
  buildings machinery fittings and  
  freehold   equipment  
  £ £ £ £
Cost
At 1 October 2023 111,403 20,753 22,878 155,034
  ───────── ───────── ───────── ─────────
 
At 30 September 2024 111,403 20,753 22,878 155,034
  ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 102,434 20,753 22,878 146,065
Charge for the financial year 4,456 - - 4,456
  ───────── ───────── ───────── ─────────
At 30 September 2024 106,890 20,753 22,878 150,521
  ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 4,513 - - 4,513
  ═════════ ═════════ ═════════ ═════════
At 30 September 2023 8,969 - - 8,969
  ═════════ ═════════ ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Other creditors 2,107 1,591
Accruals 180 516
  ───────── ─────────
  2,287 2,107
  ═════════ ═════════
       
8. Government Grants Deferred 2024 2023
  £ £
 
At 1 October 2023 158,307 158,307
  ───────── ─────────
Amortisation
At 1 October 2023 (148,242) (143,208)
Amortised in financial year (5,034) (5,034)
  ───────── ─────────
 
At 30 September 2024 (153,276) (148,242)
  ───────── ─────────
Net book value
At 30 September 2024 5,031 10,065
  ═════════ ═════════
At 1 October 2023 10,065 15,099
  ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2024.
   
10. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.