Registration number N1020559
LIGONIEL IMPROVEMENT ASSOCIATION
Company limited by guarantee
Annual report and ffinancial statements
for the year ended 31 March 2023

LIGONIEL INIPROI-E)qENT ASSOCI.¥TIOIN
Contents
P2ge
Directors report
AuditOTS' report
8-11
St(itetncnt of Financial Activities
12
Balance sheet
13
Cash fiow statement
14
Totes io the tinancial statemenis
15-22

LIGONIEL LMPROVEMENT ASSOCIATION
Directors Report
for the )"e2r ended 31 ￿￿arCh ?023
The Directors present their report with the audited financial statements for the year ended 31 March ?023.
The accounts have been prep￿ed in accordance with the accounting policies set out in note I to the accounts
and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and
"Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
PTepating their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Irel8nd publi%hed in October 2019"
Reference and Administrative Inforniation
Chatity Name..
Ligoniel Improvernent Association
Charity Registration number..
NIC100342
Company Registration number:
N1020559
Registered Office:
148 Ligoniel Road. Belfast, B T14 8DT
Business Address..
148 Ligoniel Road. Belfast, BT14 8DT
Directors
M Mackessy
Chair
J Gray (resigned 4th August 2023)
J Carmichael
L Lawlor
E Rock (appointed 9th August 2023)
M Doherty (appointed 9th August 2023)
F Mccann (appointed 9th August 2023 and resigned 14th November 2023)
G Simpson (appointed 9th August 2023)
E Huynh (appointed 2nd August 2023)
J Crockard {appointed 3rd August 2023)
Secretary
M Morgan (resigned 10th August 2023)
M Doherty (appointed l Oth August ?023)
Auditors
Mccreery Turkington Stockn]an LTD, l LaThyon Quay, Belfast. B TI 3LG
Bankers
Danske Bank Ltd, Donegall Square Wesl. Belfast, BTI 6JS
Page I

LIGONIEL tMPROVEMENT ASSOCI.4TION
Directors Report
for the Jear ended 31 Trlarch 2023
Structhre, Governance and Management
Governing Document
Ligoniel ImprOven￿nt Association is a charitable company limited by guarantee. incorporated on 12th June
1987 and is registered as a charity. The company was established under a Memorandum of Association which
established the objects and powers of the charitable company and is governed under its Articles of
Association. In the event of the company being wound up members are required to contribut an amount not
exceeding £1.
Following a review, amendments were made to LIA'S Articles of Association to clarify aspects of the
company's activities within the area. These amendments were ratified by the SGM of members on Thursday
13th December 2012.
Recruitment and Appointment of Directors
The directors of the company also Ch￿ltY trustees for the purposes of charity law. Under the requirements
of the Memorandum and Articles of Association the directors retire by rotation and if eligible can offer
themselves for re-election.
Individuals are invited to serve ag direccors on the basis of their abiliiies and background ThTLth a view to
achieving a balance between those from the business, voluntary and charity sectors.
All new directOTS undertake a full induction programme.
Direetors Induction and Training
The dtrectors have conducted a review of the major riSKS to which the charlty is exposed. Where apprO￿late.
systems and procedures have been established to mitigate the risks the charity faces. Internal control risks are
minimised by the implementation of procedures for auihorisation of all transactions and projects. Procedures
are Én place to ensur¢ compliance witlLhealth arAd safety requirements for staff, volunteers. clients and visitors
to the premises. These procedures are periodically reviewed to ensure that they continue to meet the needs of
the charity and its legal obligations.
Organisational Structure
At present Ligoniel Improvement Association has a Board of 8 directors who meei regularly and are
responsible for the strategic direction of policy of the ch8Jity.
A scheme of delegation is in place and dav io dav responsibility for the managernent of the orgallisation rests
with the Chief Executllre.
Page 2

LIGONIEL IMPROVEIMENT ASSOCIATION
Directors Report
for the year ended 31 March ?093
PrincipIes
The BO￿.d of LIA ￿llY understand thai they are responsible individually in law for board acri()nq and
decisions. They are collectively responsible and accountable for enguring that the organisatioTh is performing
well, is solvent and complies with all its obligations. The Board actively seeks to ensure that the organisarion
understands and complies with its governing document. relevant laws. contractual obligations and the
requirements of any Tegulatory bodies.
The Board members <ils() understand that for the organisation to effectively meet the needs of not just the
Ligoniel community but the other ￿eaS in which it delivers a service, that a collaborativelpartnership
approach is essential. LIA have therefore established links with a number of organisations at both a local and
r¢gional level, with iepresentatives %itting on organisatioDs sllcb as the North Belfast Partnership Board,
Belfast interface partnership, Belfast Hills Partnership, Advice NI, Healthy Living Centre regional Alliance
and the Belfast Outcomes Group.
Objectives
The principal objectives of the cornpany remain the stimulation and promotion of economic and social
developmenl in the Ligoniel area of Belfast.
As noted above the articles of the association changed in 2014. The objectives of LIA, therefore now include.
l. Pmmoting the efficiency and effectiveness of voluntary and comtnunity organisations and projects in the
are<i by providino advice, infomation, education and trainino adtninisirative support and practical assistance.
Promoting communily capacity building prograu]mes and piojects for people who have need of such
assisiance.
3. Delivering projects and services that will relieve poverty.
4. Advancing. promoting and preserving the conservation maintenance and protection of features of the
landscape. waterways, streams and wateT courses with geographical, historic. physical or amenity value.
5. Promoting cooperation and networking between voluntary and community organisations in the area.
6. Supporting conimunity development and wellbeing activities. MForking with partners to support
community cohesion.
Page 3

LIGONIEL IMPROVEIlqENT ASSOCIATION
Directors Report
for the >'ear ended 31 March 2023
Annual Ceneral Meeting Keport for Ligoniel Improvement Association
tntroduction: As we reflect on the past year, the journey of the Ligoniel Improvement Association ILIA) has
been one ￿￿ked by resilience and dedication. Emer(ring from the shadows of the pandemic, our community
has shown remarkable strength in the face of adversity.
Supporting Families.. In our mission to provide unwavering support to families in need, the Ligoniel Healthy
Living Centre became a beacon of hope. We have welcomed 171 families through our doors, offering not just
assistaDc¢ but a sense of belonging. Collaborating with the North Belfast CommunÉty Food BanL we
extended a Rifeline to 73 families through food bank referrals and distributed Christmas gffts to 136 children
with new toys.
Empowering Youth and Schools: Our cofftn)itment to the next generation remained ￿n￿'ave[ltig. From
after-school footbalE programs to educational initiatives promoting health and wellness, we engaged with
primary and secondary school students, nurturing their potenual and fostering a sense of community spirit.
Community Health and Well-being: RecognisiThg the importance of holistic well-being, our community health
promotion programs flourished. From invigoraung fitness classes to therapeutic activities Rike fishing, yoga,
and gardening, we empowered participants to embrace healthier lifestyles and fostered a sense of con]munity
pride.
Exploring History and Society: Deliling into the annals of hi510ry. our prO￿aMS on women's and men's history
provided invaluable insights into the evolving roles and contributions of genders throughout the ages.
Through study visits and facilitated sessions, participants gained a deeper understanding of our collective
heritage and societal dynamics.
Celebrating Community Spirit: Tlroughout the ye￿, our calendar was filled with vibrant community events,
each one a testament to the resilience and spirit of Ligoniel. From the spook-tacular festllTlties of Halloween to
the joyous celebrations of Cknistmas and the wamith of sunTh]er gatherings, we came toGether as one
community, united in spirit and purpose.
Providing Guidance and Support: In our role as advisors advocates. we fielded over 5.800 enquiries,
guiding individuals througb the labyrinth of bureaucracy and maximising benefits to the tune of £14,244,000.
Our Presence at tribunals secured over £14 million in Tefunds, ensuring justice and financial relief for those in
need.
Page 4

LIGONIEL IMPROVEMENT ASSOCIATION
Djrectors Report
for the year ended 31 March 2023
Ligoniel Environment and Heritage site: OUT commitrnent to environmental conservation and heritage
preservation remains unwavering. We will continue to explore new initiatives, engage with the community,
and strengthen our p8rtTherships to ensure that the Ligoniel Environment and Heritage Site remains a beacon
of beauty, hisiL)ry, ￿]d inspllation for generations to come.
As we reflect on our achievements and Iwk forw￿ to the opportunities that lie ahead, we extend our
heartfelt gratitude to all those who have supported and contributed to our endeavours. Together, we will
continue to nurture and protect the natt￿al and cultural treasures that make Ligoniel truly special.
IA)oking Forward: As we set our sights on the ￿ture, our focus is fllinly on the years ahead. Engaged in a
thorough ieview of all of our services, we aim to strengthen our foundations and secure sustainable funding
for the long tenn. Our commttment to th¢ community remaiThs steadfast, our detern]ination unshakeable. LIA
believe that in partnership with the conllnunity we will navigate the challenges ahead and emerge even
stronger and more resilient.
In Sumnwy: The journey of the Ligoniel Improvement Association is one of overcoming challenges,
fostering community spirit, and demonstrating unwavering dedication and we eagerly anticipafr the next
year's challeng¢s for the organisation.
Page 5

LIGONIEL tMPROVEMENT ASSOCIATION
Directors Re￿rt
for the year ended 31 March 2023
IDancial Review
Th¢ audited accounts show th¢ perforn]ance of the ch￿lty for the ye￿.
Principal Funding Sources
The principle source of fijnding was grants from various funders.
Investment policy
Any sutplus funds would be placed in deposit accounts.
R£8erYes Policy
The directors retain fvnds in the Ch￿lty in ord¢r to providc sufficieni working Capital to facilitate the ongoillg
activities. The target for unrestticted fund reserves is six months support costs in cash at bank
Page 6

LIGONIEL [MPROvE￿￿ENT ASSOCIATION
Direetors Report
for the year ended 31 Mare.h 2(12.3
Statement of Directors, Responsibilities
The directors are responsible for preparing the Directors Report and the financial statements in accordance
with dpplicdble l<lW dnd United KAiigdoAiI A¥couiiting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law Tequires the directors to prepare flnancial statements for each financial year, which give a true
and fair view of the stat¢ of affair8 of the company and of the incoming resources and application of
resources, including the income and expenditure. of the Ch￿ilable company for the year. In preparing those
fmancial statements the directors are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the ChaTtties SORP.
make judgments and estimates that are reasonable and prudent"
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in operation.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the f￿anCIal position of the company and to enable them to ensure that the financial statements
comply with the CompaThies Act ?006. 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.
Auditors
In accordance with the company's articles, a resolution proposing that Mccreery Turkington Stockman Ltd be
reappointed as auditor of the company will be put at a General Meeting.
- Each of the trustees has confirn]ed that there is no information of which they are aware which is relevant to
the audit, but of which the auditor is is unaware. They have further confmned that they have taken appropriate
steps to identify such relevant infonnation and to establish that the auditor is aware of such inforniation.
This report was a
roved by the Board on I lth March 2024
M Mackessy.
Director
Page 7

LIGONIEL IMPROVEMENT ASSOCIATION
Independent auditors, report to the members of LIGONIEL TMPROVEMENT ASSOCIA TION
We have audited the fiiidnLial statements of LIGONIEL IMPROVEMENT ASSOCL4TION for the Ye￿ ended
31 March 9023 which compiise the Statement of Financial Actiirities. the Sunllnary lllcome and Expenditure
Account, the Balance Sheet and the relatd notes.The financial reporting framework thai h&s been applied in
their preparaiinn is applic.able. law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {Untted
Kingdom Generally Accepted Accounting Practice).
In our optnion, the accounts:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its
incoming resources and applicatioTh of resources. for the Year then ended.
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting PractiLe"
and havc bcen Prep<￿ed in accordance with the requirement5 of the companie.s Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable la￿.. Our responsibilities under those standards are further described in the Auditor'5 responsibilities
for the audit of the financial statements section of our report. We independent of the charity in accordance
with the ethical requirements that are relevanr to our audit of the financial statements in the UK, includin(T the
FRC'S Ethical stand￿d, and we have fulfilled our other ethical responsibiliues in accordance with these
requirements. We believe thal the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Independence
We remained independent of the ￿Ollp and association in accordance with the ethical requirements that are
relevant to our audit of the financial siaiements in the UK, which includes the FRC'S Ethical Standard and we
have fijlfilled our other ethical responsibilities in accordance with these requirements.
Conclusions relatiDg to going concern
The trustees have prepa￿1 the fllwicial stafrmellts on the going concern basis as they do not intend to
liquidate the Company or to ccasc their operations. They have also concluded that theTe Jie no material -
UTJcertainties that could have cast significant doubt over their ability to continue as a going concern for at least
a year fron] the date of approval of the financial stalements ("the going concern period").
In our evdluation of the trustee's conclusions, we considered the inheient risks to the Company's business
model and analysed how those risks might affect the Company. s financial resources or ability to continue
operations over the going concern period.
In auditing the financial statements, we have concluded that the trustee, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfonned, we have not identified any material uncertaiThties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as
a going concern for a period of at least twelve months from the dale when the financial statements are
authorised for issue.
However. as we cannot predict all fi]ture events or conditions and a5 subsequent events may result in outcomes
that are inionsisienl with judoemenL5 that were reasonable ai ihe time ihev were made, the absence OA. reteTenLe
to a maierial uncertainly in this auditor, s report is not a guaTante¢ that the Company wyill continue in operation.
Page 8

LIGONIEL IMPROVEMI ENT ASSOCIATION
Extent to which the audit was capable of detecting irregularities, including fraud
Irregularities, including traud, are instance8 ot non-compli<1nce with laws and regulations. We desicrn
procedures in Kine Miith our responsibilities, oudined aboiye, to detect material mtsstatements in respcct of
irregularities. including fraud. The extent to which our procedures are capable of deteciing irregularities,.
including fraud is detailed below:
We gained an understating of the legal and the regulatory frame￿'0rk applicable tn the company and the
industry in which it operates and considered the risk of acts by the company which were contrary to applicable
laws and regulations, including fraud. These included but were not limited to compliance with United
Kingdom Generally Accepted Accounting Practice (United Kingdotn Accounting Standards, comprising FRS
102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland and applicable law)"
We focused on laws and regulations that could gtve rige to material misstatement in the financia] statements.
Our tests included but were not limited to..
agree￿￿Trt of the financial statement disclosures to underlying supporting documentation"
enquiries of management"
review of minutes of board meetings thToughout the petiod. and
considering the effectiveness of the control environment and monitoring compliance with laws and
regulations.
We also communicated releirant identified laws and regulations and potential fraud risk to all engagement team
members and remained alert to ally indications of fraud or non-compliance with laws and regulations
throuohout the audit.
There are inherent limitations in the audit procedures described above and the further removed
non-compliance with laws and regulations is from events and transaction reflected in the financial slatements,
the less likely we would become aware of it. As in all of our audits we addressed the risk of management
override of internal controls, including testing journals and evaluating whether there was evidence of bias by
the directors that iepresellted a risk of material misstatement due to fraud.
Our audit procedures were designed to respond to Tisks of material misstatement in the financial statements,
recognising that the risk of noQ deieciing a material mi.sstatement due to fraud is higher than the risk of nol
detecting one resulting from erri)r, as fraud may involve deliberate concealtnent by, for exatnple, forgery.
misrepresentations or through collusion. There inherent litnitations in the audit procedures perforn]ed and
the thrther removed non-compliance with laws and regulations is from the events and transactions Teflected in
the financial statetnellts, the less likely we are lo become aW￿e of it.
A further descrKption of our responsibilities for the audit of the accounts is located on the Financial Reporting
CouDciI' s website at". http.'/lwww.frc.org.ukJauditorsresponsibilities. This description fonns part of our
auditoVs report.
Page 10

LIGONIEL IMPROVEMENT ASSOCIATION *:<r" -
This report is made soleLy to the chatitable company's members, as a body, in accordaDce wirh Chapter _3 of
Part l fi of Ihe COIIIp￿1ieS Aci 91106. Our autht work has bee.n iindttrtaken si) that we mi.Eht 4tLlte 10 Ihe
chciritable compally's mLmbcts those matte15 ￿,¢ are required io stalc Ic) IhLill in auditors, rLpori and for no
other p￿POSe. To the tullest extent perniitted by laiv. WL do not accept or assume responsibility L() (￿y{)￿e
other than tbe charitable company <ind the charitable company, 5 members as a body, for our audit work, for
this report, or for the opinions we have fonned.
Richard Mcclay FCA (Senior Statutory Auditor)
For and on behalf of MLC.reery Turkington Stockman LTD
l Lanyon Quay
BELFAST
BTI 3LG
Chartered Accountants
Ilth March 2024
Page 11

LIGONIEL IMPROVEMENT ASSOCIATION
Statement of Financial Aetivxties (Including Summary Income and Expenditure Account)
for the )'ear ended 31 March 2023
Unrestricted Restricted
Funds
Funds
Total
Total
2023
2023
2023
2022
Income from:
Incoiiie resourcesfiom
generatedfynds."
Other income
Donations and legacies
Investment Income
. Income from
ch￿ilable activities
Notes
972
10.000
139
152,136 153.108
10,000
139
745,537 745.537
144.553
15.000
165
604.583
Tot21
ii.iii
897,67.1 908,784
764,301
Expenditure on:
Expendi￿re on charitable activities 8
ExpenditUTe on raising funds
(16,377)
(25,068)
(766,520) (782,897)
(94,505) (119.573)
(658,141
(95,052
Total resources expended
(41,445)
{861,025) (902.470)
(753,193
Net inconje before traThsfers
(30,334)
36,648
6.314
11.108
Transfer between funds
84,859
(84,859)
Net incorning resources
54.525
(48,211)
6,314
11,108
Fund balances brought forward
Fund balances carried forward
44,220
56.953 101,173
90,065
98,745
8,742 107,487
101,173
All of .the above results deTived from continuing gains and losses recognised in
the year are included above.
The statement of f￿anCIal activities also complies with the requir¢m¢nts for an income and
expellditu￿ account under the Companies Act 2006.
The notes on pages 15 to 22 form an integral part of these financial statements.
Page 12

LIGOINIEL TrIPROVFMENT ASSOCIATION
Ba]ance sheet
as at 31 March 2023
2023
2022
Fixed assets
Heritage assets
27,000
27,000
Current assets
Debtors
Cash at bank and in hand
11
94.669
102,848
137,065
23,581
197,517
160,646
Creditors: amounts falltng
due withln one year
12
(117.030)
(86,473)
Net current assets
80,487
74,173
Net assets
107,487
101,173
Capital aDd reserves
UDrestsicted funds
Restiicted ￿ndS
98,745
8,742
44,220
56,953
13
General funds
107,487
101,173
The financial statements were approved by the Board on I l March 2024 and signed and approved for issue on
its behalf by
Director
Registration Dumber N1020559"
Tbe notes on pages 15 to 22 fom an integral part of these flnancial statemenl
Pgge 13

. LIGONIEL IMPROVEMENT ASSOCL4TION
Cash flow statement
for the year ended 31 March 2023
2023
2022
Cash tlows from operating activities
Surplus for year
Reconciliation to cash generated from operations:
Decrease in trade debtors
Decrease in other debtors
Increase in trade creditors
tncrease in other creditors
6,175
10,943
2,325
40,071
14,623
15,934
(524)
(77.263)
13,766
14.757
79,128
(38,321)
C&sh flow from investing activities
Interest received
139
165
139
165
Net fin¢re2se in cash in the year
Cash at bank and in hand less
overdrafts at beginning of year
79,267
(38,156)
23.581
61,737
Cash at bank and in hand less
overdrafts at end of year
10?,848
23,581
Page 14

LIGONIEL IMPRov&ENT ASSOCIATION
Notes to the financial statements
for the year ended 31 Mareh 2023
Accounting policies
Company information
LÉgoniel Improvement Association is a Company limited by guarantee. registered in Northern Ireland.
The address of tbe registered office is 148 Ligoniel Road, Belfast, B T14 8DT.
1.1. Accounting convention
The accounts have been prepared in accordance with the charity's MemoranduLn and Articles of
Association, the Companies Act 2006 and "Accounting and Reporting by Chartties". Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland published in October 2019". The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements aTe prepared in sterling. which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.
The f￿anCIaL statements have been prepared under the historical cost convention, modified to Include
the revaluation of fyeehoEd properties and to include investment properties and certain financial
instruments at fair value. The principal accounting policies adopted are set out below.
12. Tangible fixed assets and depreeiation
Depreciation is provided at rates calculated to write off the cost less residual value of eacb asset ov¢r its
expected ugeful life, as follows:
At each reporting period end date, the Company reviews the ca￿Illg amounts of its tangible assets to
determine whether there is any indicalion that those asseis have suffered an impairment loss. If any such
inth'cation exists, the recoverable amount of the asset is estimated in ordeT to determine the extent of the
impairment loss (if anyj. Where it is not possible to estimate the recoverable amouni of an individual
asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset
belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in
use, the estimated ￿tllre cash flows are discounted to their present value using a pre-t&x discount rdte
that reflects cu￿ent rnarket assessments of the tAme value of money and the risks specific to the asset for
which the estimates of futUTe cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying
amount, the carrying amount of the asset (or casll-generating unit) is reduced to its recoverable amount.
An impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a
revalued amount, in which case the impairment loss is treated as a revaluation decrease.
1.3. Cash at bank and in hand
Cash and cash equiv8Jents include cash in hand, deposits held at call with banks, other short-term
liquid investtnents with original maturities of tlll'ee months or less, and bank OiTerdrafts. Bank
overdrafts are shown within boThowings in current liabilities.
Page 15

LIGONIEL iNiPROVE.
r*T'ASSOCL4TION
Notes to the financial statements
for the year ended 31 March 2023
. continued
1.4. Financial Instruments
The Company has elected to apply the provisions of Section I I 'Basic Financial Instruments and
Section 12 '0ther Financial Instruments Issues of FRS 102 to all of its financial instnmients.
Financial insttuments recognised in the Company's balanee sheet when the Company becomes party
to the contractual provisions of the instrument.
Financial assets and liabilitieg are off.qeL with the net amounts presented in the fmancial statements,
when theie is a legalIy ellforceable right to set off the recogDised atnounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability simUlta￿eOuSLy.
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
effKtive interest method unless the arrangement constitutes a fmancing transaction, where the
transaction is measured at the present value of the filmre receipts discounted at a market rate of interest.
Financial assets classified as receivable within one Ye￿ are not amortised.
Classification of financial liabilities
Financial liabilities and equity instmments are classified according to the substance of the contractual
arrangements eDtered into. An equity instrument is any contract that evidences a residual interest in the
assets of the Society after deducting all of its liabilities.
asic finanaal liabilities
Basic financial liabilities. including creditors, bank loans. loans from fellow group companies aThd
pteference shares that are classified as debt, ￿e initially Tecognised at transaction price unless tlie
arr8ngement constitutes a financing transaction, where the debt instnllnent is meLsured at the present
value of the future payments discountcd at a market rate of interest. Financial liabilities classified &8.
payable within one year are not ajnorfised.
Debt instruments are subsequently carried at 8mortised cost, using the effective interest rate method._
Trade creditors are obligations to pay for goods or services that have been acquiTed in the ordinary
course of business from suppliers. Amounts payable are classified as current liabilities rf payment is due
within one year or less. If not, they are presented as non-CUfTent liabilities. trade creditors are recognised
initially at transaction price and subsequently measured at amortised cost using the effective interest
method.
Page 16

LIGONLEL IMPROVENIENT ASSOCIATION
Notes to the finanei21 statements
for the year ended 31 March 2023
. continued
1.5. Equity instruments
Income recognition
Equity instruments issued by the Company are recorded at the pmceeds received. net of direct issue
cLists. Dividends payable on equity instrnments are recognised as liabilities ODGe they are no longer at
the discretion of the Company.
1.6. Provisions
Provisions are recognised when the Company has a legal or constructive present obligation as a result of
a past event. it is probable that the Company will be required to settle that obligation and a reliable
estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the
present obligation at tbe reporttng end date, taking into account the risks and uncertaints¢s surrounding
the obligation.
Where the effect of the time value of money is material, the amount expected to be required to settle the
obligation is recognised at present value. When a provision in measured at present value the unwinding
of the discount is recognised as a finance cost in profit and loss in the period it arises.
1.7. Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is
reasonable assurance that the grant conditions will be met and the granls will be received.
A grant that specifies performance conditions is recognised in income when the perf0m￿]Ce conditions
are met. Where a giant does not specify perfonnance conditions it is recognised in income when the
proceeds. are received or ieceivable. A grant received before the Tecognition"".Crit￿ia are satisfied is
'41
recognised as a liability.
1.8. Employee beneflts -.
The costs of short-terni employee benefits are recognised as a liability atld an expense. unle8s those
costs ￿e required to be recognised as part of the cost of stock ()r fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services
are received.
Tennination benefits are recognised immediately as an expense when the company is demonstrably
conunitted to tern]inate the employment of an employee or to provide tern)ination benefits.
Net incoming resources for ihe year
2023
21122
Auditors, remuneration
?,290
2.390
Page 17

LIGONIEL IMPROVEMENT ASSOCIATION. 2
Notes to the fuvancial sta¢emeDts
for the year ended 31 March 2023
. continued
Statement that nv expens& were paid to directors or connected persons
No expenses were paid to directors or persons connected with them.
Employees
Year
ended
Year
ended
Employment costs
2023
2022
Wages and SaI￿leS
597,019
519,929
There were no employees earning over £60,000 in the two years ended 31 M￿ch ?023.
Donations and legacies
Unrestricted Restricted
2023
2023
Total
2023
Total
2022
Donations and management fees
10,(KK)
10,000
15,000
10,000
10.000
15,000
In the year ended 31 March 202? £15,000 of the donation and legacies income
was unrestricted.
Investment income
Unrestricted Restricted
2023
2023
Total
2023
Total
2022
Interest Receivable
139
139
165
139
165
In the s'ear ended 31 March £165 of the iDITestment income MTas
unrestricted.
Page 18

LIGONtEL ThIPR0vE￿NT ASSOCIt&TION
Notes to the financial statsments
for the year ended 31 March 2023
. continued
Income from
charAtable activities
Unrestricted Restricted Total
2023
2023
2023
Total
2022
Re¥eiiei'dliull
Advice
Comrounity
Healthy Living & Environment
165,465
165,465
417,153 417,153
30,225
30,225
132,694 132,694
180,95 6
275,152
28,150
120.325
745,537
745,537
604,583
In the Y￿ ended 31 March 2022 £604.583 of the income was restiicted.
Page 19

LIGONIEL if*lPROVEMENT ASSOCIATION
Notes to the fllLqllcial statements
for the year ended 31 March 2023
. continu
Unrestrieted Restricted Totsl
2023
2023
2023
Total
2022
8. Expenditure on
Expenditure on
charitsble activities
Salariès and pensions
Di￿t proiKt expenses
Travel and subsistence
Training and welfare
3,074 593,945
10,703
156,913
2,600
11,717
3,945
16J77 766,520 782,897
597.019
167,616
14,317_
519.929
126,923
11,289
658,141
Expenditure on raising funds
Audit fees
Legal and professional fees-
RenL heat and light
Insurance
Telephone and f
Stationery and printing
Subscriptions
Computers and equipment
Bank cbarges and interest
Sundry expenses
50
9.786
2,340
729
49,369
6,102
11,284
8,145
4,712
9,636
2,390
2,298
57,169
6,269
9,412
4,820
1,406
5,781
135
5,372
57,769
6,312
12,284
8,729
6,158
10,302
896
4,318
210
1,000
584
666
896
2,130
2.188
25,068
94,?05
119573
95,052
In the year ended 31-March 2022 £24.187 of the expenditure was unrestricted with '
£729,006 of the expenditure being restsicted.
Page 20

LIGONIEL IMPROVEMENT ASSOCIATION
Notes to the financial ststements
for the )'ear ended 31 March 2023
. continued
Freehold
Land and
Buildings
Heritage assets
Total
Cost
At l April 2022
27,1
27,000
At 31 March 2023
27,000
27.IX)O
Net book values
At 31 March 2023
27.000
27,000
At 3 1 March 2022
27,000
27.000
The Heritage asset, detailed above. 15 freehold land at a cost of £97,000. The land was purchased to
help improve the local environment and involve local people in a range of community iniliatives relaled
to the environment. Planning approval has been granted in June 2017 to develop the Corn Mill site as
an environmental centre. No funding is currently in place and as such the Directors consider the cost of
the land is the same as its market value.
10.
Tayygible fixed assets
Plant
Total
Cost
At l April 20?2
At 31 March 2023
33,781
33,781
33.781
33,781
epreciation
At l April 2029
33.781
33,781
At 31 March 20?3
33,781
33,781
At 31 March 2023
ii.
Debtors
2023
2022
Other debtors
Ligoniel Communit) Enterprises Ltd
.4ccrued incorne
Prepayments
5,836
5,449
80,153
8,161
7,418
116,614
4,872
94,669
137,065
Page 21

LIGONIEL INIPROVEMEKf ASSOCIATION
Notes to the financial statements
for the year ended 31 March 2023
. continued
12. Creditors: amounts falllng due
within one year
2023
2022
Deferred income
Trade creditors and accruals
Other ￿¢S and social security costs
19,867
38,334
28,272
52,957
64,073
117,030
86.473
General Restricted
13. Statement of funds
reserve
reserve
account
accollnt
Total
Total reserves at l April 2022
Total income for the yeaT
Total expenditure for the ye
Transfer between funds
44,220
56.953
101,173
11,111
897,673
908,784
(41,445) (861.025) (90?,470)
84,859
184.859)
Total reserves at 31 Marcb 2023
98,745
8,742
107,487
Th¢ general reserve represents the free fimds of the charity which not designated for partIc￿ar
purposes.
General Restrlcted
reserve
fund
14. Analysis of net a&qets between funds ￿"Tr. ...-
reserve .
fund
Total
Fund Balances at 31 March 2023
represented by:
Heritage Assets
Current assets
Cuffent liabilities
2,000
96,745
25,000
27,000
100.772
197.517
(117,030) (117,030)
Total net assets
98.745
8,742
107,487
The general reserve represents the free funds of the charity which ate not designated foT particular
pU￿Oses.
Page 22

LIGOYL IEL ]ThIPROTrEMENT ASSOCIATION
The following pag¢ does not forni part of the statutory accounts.

LIGOMEL ￿RovEMENT ASSOCIATION
Detailed trading profit and loss account
and expenses schedule
for the year ended 31 March 2023
2022
Income
Other incon
Donations and legacies
Charitable activities
153,108
10,000
745,537
144,553
15,000
604.583
908,645
764,136
Administrative expenses
Wages and Sa1￿]eS
Direct project costs
Rent payable
Insurance
PAintTng, postage and stationery
Telephone
Computer costs
Travelling
-l£gal and professional
Audit
Bank charges
Staff training
General expenses
SubscrAPtions
597,019
167.616
57,769
6,312
8,729
12,284
10,302
14,317
10,515
2,290
896
3,945
4.318
6.158
519,929
126,923
6.269
4.820
9,412
5,781
11.289
2.298
2.390
135
5,372
1,406
902,470
753,193
Operating profrt
6,175 10,943
Other income and expepse5
Investment incorne .
Interest received
139
139
165
Net profit for the year
6,314
11,108