Company registration number: N1050300
Charity registration number.. 100567
LAGANVIEW ENTERPRISE CENTRE LIMITED
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

Laganview Enterprise Centre Limited
Contents
Page
Trustees, Report
Independent Auditor's Report
Statement of Financial Activities (including Income and Expenditure Account)
Comparative Statement of Financial Artivities (including Income and Expenditure Account)
Balance Sheet
io
Notes to the Financial Staternents
11-16

Laganview Enterprise Centre Limited
Company No. N1050300
Trustees. Report For The Year Ended 31 March 2025
The trustees present their report and the financial Statements for the year ended 31 March 2025.
Objectives and Activities
Laganview Enterprise Centre: Achievements and performance
Annual General Meeting Headlines
Tenancy Update '. Laganview is currently at 100% occupancy. The centre now hosts a strong mix of complementary
services under one roof, including charities and not-for-profits such as The Resurgam Trust, Barnardos, Lisburn PSP, EIL and
MACS Nl. Health and wellbeing services include the Resurgam Healthy Living Centre, Inspire Wellbeing, Action Mental
Health's New Life Counselling, and a 2417 community gym. We also continue to support Lisburn Sure Start-our longest-
Standing tenant delivering essential eady years and education services
Facility Hire - We currently host arovnd 30 regular user groups on a weekly, bi-weekly, or monthly basis, welcoming up to
800 people each month. We have a diverse range of groups for all ages, including U3A, Toddler Soccer, Highland Dance, and
My Dog's Best Friend (dog training). Other groups include the Kerala Indian Association, Senior Citizens Saturday Club,
Lisburn Gaming Club, Lisburn Fusiliers, Pride of Knockmore. Christ Embassy Lisburn. and the Christian Fellowship Group.
We also support vital health and wellbeing services such as the Cedar Foundation and Nl Chest. Heart & stroke, and host
key support groups including the Stroke Association, Fibromyalgia Support Group, Live Well Hub for Diabetes, and Versus
Arthritis.
Laganview Community Gym . The gym has on average 150 active members, which has in tum reduced our dependence
on volunteers- Until recentlyi we had a dedicated core team of 8-10 volunteers contributing over 15 hours each week.
While this has now been scaled back, the volunteers remain available and willing to step in whenever needed.
Funding 2024-2025: Laganview continue to receive their annual grdnt from Lisbum Castlereagh City Council to contribute
towards salaries of £36,000.
For the 2024-2025 community support grant Laganview was awarded £4895 which went towards core costs such as
running costs and maintenance as well as programme costs to include staff and volunteer training. Receiving this grant
every year plays a vital role in the centre operations.
Laganview also supports other charitable organisations. Since 2015 Laganwiew has hosted a coffee morning in aid of
Macmillan Cancer. In Oct 2024, our tenth annual coffee moming took place, raising £886. Over the past ten years just short
of £10,000 has been donated to Macmillan Cancer. Here are some ways our money could be allocated..
-paying for a Macmillan nurse for 273 hours.
-run the local Macmillan Welfare Benefits Service for 11 hour5.
-run the Macmillan Support Line for 10 hours which could deal with approx. 156 phone calls
Each year, Laganview, in partnership with Resurgam, organises a week of Christmas activities for the local community- The
2024 Christmas week fundraised over £800 for Resurgam's Charity of the Year which was Papyrus. Over the past 10 years,
Christmas week events have collectively raised more than £6.500 for eight local charities.
Volunteers - Laganview Enterprise Centre rely upon volunteers for their keyholding, event management and increasing
health initiatives including Community Fridge. All volunteers receive training. Laganview currently has 7 committee
members contributing 7 volunteer hours every other month and 35 community volunteers contributing 52.5 volunteer hours
per month
Corporate Soclal Responslblllty - Laganview Enterprise Centre do not shirk their responsibility and give back to
community in a number of ways, including support for local self-help groups and community transport.
Community Fridge - Laganview Enterprise Centre has been integral to the development of the Community Food Hub,
incorporating the Community Fridge and Camarado Room and the Social Cafe. The Fridge provides a service to the local
community and is open every Wednesday and Saturday morning from 11am-2pm. In 12 months over 88 tonnes of food was
diverted from going to food waste and there have been 10104 visitors to the fridge. The Social Cafe meets monthly and
targets those isolated and facing hardship through a chat and access to Servi￿ providers including health, advice and
benefits and council.
staff/Volunteers
3 full time staff
2 part time staff
I Stepping Stones Volunteer-16 hrs monthly
CALC- Community Advice Lisbum & Castlereagh provides an outreach service at Laganview every Tuesday-they have been
here now for 9 years. Over the year ending March 2024, this service supported 140 clients on a range of issues.
Around 400kn needed help with Personal Independence Payment (PIP) forms, 300/0 Wlth other benefits paperwork (DLA, ESA,
Universal Credit, Attendance Allowance), 20% had pension-related queries, and IOO/o sought advice on housing,
relationships, and other general matters. This service continues to be a highly valued and well-utilised resource for our
local community.
Training Opportunities This has included Emergency, First Aid at Work (3-year certification) with more training to follow
in the year 2026 to include refresher Fire Safety Training. Manual Handling Training and Refresher Safeguarding. A
ertification for Mental Health First Aid will also be explored.
Page I
.CONTINUED

Laganview Enterprise Centre Limited
Trustees. Report (continued)
For The Year Ended 31 March 2025
Laganview Enterprise Centre: Achievements and performance - continued
Partnership and Service Use- Laganview remains a key resource for the South Eastern Health and Social Care Trust,
regularly hosting MAPA training, DESMOND diabetes education sessions, CAMHS mental health programmes, and Adoption
and Fostering Services initiatives.
We currently support three long-temi counselling services: Inspire Wellbeing (SHIP and Bright Futures), Action Mental
Health New Life Counsellingft and Lifeline. Sadly¢ we recently lost three Mindwise counsellors due to funding cuts-
highlighting the ongoing challenges many services face.
There's also been a notable rise in contact visits from the South Eastem. Belfast. and We5tem Trusts. reflecting increasing
demand for safe, welcorning spaces. Our dedicated family tirne room is particularly popular with young children.
As part of our satellite grant requirements, we submit monthly reports on footfall and service usage. From April 2023 to
March 2024, around 10,000 individuals used the centre-clear evidence of our ongoing value to the community.
Laganview Community Gym- The gym has on average 150 active members, which has in turn reduced our dependence
on volunteers- Until recentlyi we had a dedicated core team of 8-10 volunteers contributing over 15 hours each week.
While this has now been scaled back, the volunteers remain available and willing to step in whenever needed.
In addition, the gym now has four full-time personal trainers who offer their private services from our facility, further
enhancing the overall offering and sustainability of the gym.
Page 2

Laganview Enterprise Centre Limited
Trustees. Report (continued)
For The Year Ended 31 March 2025
Reference and Administrative Details
Trustees
Mr Adrian Bird
Mr Philip Dean
Mr Denis Paisley
Ms Patricia Nccormick
Ms Joanne Casey - Secretary
Ms Peggy Kambule
Charity Number
100567
Company Number
N1050300
Registered Office
69 Drumberg Drive
Old Warren Estate
Lisburn
Co. Antrim
BT28 IQJ
Accountants
RBCA Limited
Linenhall Exchange
26 Linenhall Street
Belfast
BT2 8BG
Auditors
RBCA Limited
Chartered Accountants & statutory auditors
Linenhall Exchange, 26 Linenhall Street
Belfast
BT2 8BG
Bankers
Unity Trust Bank
9 Brindley Place
Birmingham, Bl 2HB
Solicitors
MKM Solicitors
1-3 Dufferin Avenue
Bangor, BT20 3AL
Page 3

Laganview Enterprise Centre Limited
Trustees. Report (continued)
For The Year Ended 31 March 2025
Statement of Trustees. Responsibilities
The trustees (who are also the dirertors of Laganview Enterprise Centre Limited for the purposes of company law) are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees
must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of
the charitable company and of the incoming resources and application of resources, including the income and expenditure, of
the charitable company for that period. In preparing the financial ststements the trustees are required to:
select Sultable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the company
will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the
financial position of the charitable company and to enable them to ensure that the accounts 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial infomiation included on the
chèritable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
Each of the persons who are trustees at the time when this trustee5' report is approved has confirmed that:
so far as the trustee is aware, there is no relevant audit information of which the charitable company's auditors are
unaware. and
they have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any
relevant audit information and to establish that the charitable company's auditors are aware of that information.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies
regime within Part 15 of the Companies Art 2006.
The trustees, report Was approved by the board of trustees and signed on its behalf by:
Mr Adrian Bird
Trustee
Date
19 Dec 2025
Page 4

Independent Auditor's Report
to the Members of
Laganview Enterprise Centre Limited
Opinion
We have audited the financial staternents of Laganview Enterprise Centre Limited (the "charity") for the year ended 31 March
2025 which comprise the Statement of Financial Activities (including Income and Expenditure Account), Balar)ce Sheet and
the related notes, including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
In our opinion the financial statements:
give a true and foir view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming
resources and application of resources. for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prartice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS {UK)l and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial
statements section of our report. We are independent of the charitable company in accordance with the ethical requirements
that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled
our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion.
Concluslons Relatlng to Golng Concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the
preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that,
individually or collertively, may cast significant doubt on the charitable company's ability to continue a5 a going concern for a
period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going con￿rn are described in the relevant
sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our
auditor's report thereon. The trustees are responsible for the other infomiation contained within the annual report. Our
opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated
in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial
statements, our responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to
determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information, we are required to report
that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit-
the information given in the Trustees, Report, which includes the Director's Report prepared for the purposes of
company law, for the financial year for v4hich the financial statements are prepared is consistent with the financial
statements. and
the Dirertor's Report included within the Trustees, Report have been prepared in accordance with applicable legal
requirements.
Page 5

Independent Auditor's Report (continued)
to the Members of
Laganview Enterprise Centre Limited
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the
audit, we have not identified material misstatements in the Director's Report included within the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to
report to you if, in our opinion=
adequate accounting records have not been kept or returns adequate for our audit have not been received from
bmnches not visited by us; or
the financial statements are not in agreement with the accounting records or retums. or
certain disclosures of trustees, remuneration specified by law are not made- or
we have not received all the information and explanations Y4e require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and
take advantage of the small companie5. exemptions in preparing the Trustees. Report and from the requirement to
prepare a Strategic Report.
Responslbllities of Trustees
As explained more fully in the Trustees, Responsibilities Statement set out on page 1-4, the trustees {who are also directors
of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements
and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary
to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue
as a going concern, disclosing. as applicable, matters related to going concern and using the going concern basis of
accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but
to do so.
Auditor's Responsibilities for the Audit of the Financial Ststements
Our objectives are to obtain reasonable assurance about whether the financial staternents as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance
is a high level of assurance, but is not a guarantee that an audit condurted in accordance with ISAS (UK) will always detert a
material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individuallv
or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of
these financial statements.
The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below:
We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial
statements from our sector experience through discussion with the Trustees and other management (as required by auditing
standards)-
We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting
(including related trade union legislation) and taxation legislation. We considered that extent of compliance with those laws
and regulations as part of our procedures on the related financial statement items.
With the exception of any known or possible non-cornpliance. and as required by auditing standards, our work in respect of
these was limited to enquiry of the Trustees.
We communicated applicable laws and regulations throughout our audit team and remained alert to any indications of non-
compliance throughout the audit.
We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries,
and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential
basis; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of
business.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising
that the risk of not detetting a material misstatement due to fraud is higher than the risk of not detecting one resulting from
error, as fraud may involve deliberate concealment by. for example, forgery. misrepresentations or through collusion. There
are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations
is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Page 6

Independent Auditor's Report (continued)
to the Members of
Laganview Enterprise Centre Limited
Use Of Our Report
This report Is made solely to the charitable company's member5, as a body. in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those
matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted
by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's
members as a body, for our audit work, for this report. or for the opinions we have formed.
¥y&r
Brian Stewart (Senior Statutory Auditor)
for and on behalf of RBCA Limited, Statutory Auditor
Date
19 Dec 2025
RBCA Limited
Chartered Accountants & statutory auditors
Linenhall Exchange, 26 Linenhall Street
Belfast
BT2 8BG
Page 7

Laganview Enterprise Centre Limited
Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 March 2025
2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Total
funds
Notes
INCOME AND ENDOWMENTS FROM:
Charitable artivities
Other trading activities
Other
71,328
71,328
123,173
5,000
31,171
105,506
123,173
5,000
128,173
71,328
199,501
136,677
EXPENDITURE ON:
Charitable attivities
other
(5,662) (59,006) {64,668) {63,266)
(135,244) (36,245) (171,489) (151,413)
(140,906) (95,251) (236, 157) (214,679)
NET EXPENDITURE
(12,733) (23,923) {36,656) {78,002)
NET MOVEMENT IN FUNDS
(12,733) (23,923) {36,656) {78,002)
RECONCILIATION OF FUNDS:
Total funds brought forward
67,363 1,307,219 1,374,582 1,452,584
TOTAL FUNDS CARRIED FORWARD
15
54,630 1,283,296 1.337,926 1,374,582
The notes on pages 11 to 16 form part of these financial statements.
Page 8

Laganview Enterprise Centre Limited
Comparative Statement of Financial Activities (including Income and Expenditure
Account)
For The Year Ended 31 March 2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Notes
INCOME AND ENDOWMENTS FROM:
Charitable attivities
other trading activities
31,171
31,171
105,506
105,506
105,506
31,171
136,677
EXPENDITURE ON:
Charitable activities
other
(4,260) {59,006) {63,266)
(120,242) (31,171) (151,413)
(124,502) {90, 177) (214,679)
NET EXPENDITURE
(18,996) {59,006) {78,002)
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUND5:
Total funds brought forward
(18,996) {59,006) {78,002)
86,359 1,366,225 1,452,584
TOTAL FUNDS CARRIED FORWARD
15
67,363 1.307,219 1,374,582
The notes on pages 11 to 16 form part of these financial statements.
Page 9

Laganview Enterprise Centre Limited
Balance Sheet
As At 31 March 2025
2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Total
funds
Notes
FIXED ASSETS
Tangible Assets
12
37,427 1.283,296 1.320,723 1,346,388
37,427 1,283,296 1,320,723 1,346,388
CURRENT ASSETS
Debtors
Cash at bank and in hand
13
13,048
28,636
13,048
28,636
22,534
31,721
41,684
41,684
54,255
Creditors: Amounts Falling Due Within One Year
14
(24.481)
{24,481) 126,061)
NET CURRENT ASSETS (LIABILITIES)
17,203
17,203
28,194
TOTAL ASSETS LESS CURRENT LIABILITIES
54,630 1,283,296 1,337,926 1,374,582
NET ASSETS
54,630 1,283,296 1,337,926 1,374,582
FUNDS OF THE CHARITY
Restricted Funds
1,283,296 1,307,219
54,630
67,363
Unrestricted Funds
TOTAL FUNDS
15
1,337,926 1,374,582
These accounts have been prepared in accordance with the provisions applicable to companies subject to the Small companies
regime.
19 Dec 2025
The financial statements were approved by the board of trustees on
nd were signed on its behalf by..
Mr Adrian Bird
Trustee
The notes on pages 11 to 16 form part of these financial statements.
Page 10

Laganview Enterprise Centre Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
l. General Information
The charity is a public benefit entity and a private company limited by guarantee. incorporated in Northern Ireland and
registered charity in Northern Ireland.
The address of its registered office is:
69 Drumberg Drive
Old Warren Estate
Lisburn
Co. Antrim
BT28 IQJ
2. Statement of Compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5: Statement of
Recomrnended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain
financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the operating currency of the entity-
3.2. Going Concern Disclosure
The trustees have not identiffied any material uncertainties related to events or conditions that may cast significant
doubt about the charitable company's ability to continue as a going concern.
3.3. Fund Accounting
Unrestrirted funds can be used in accordance with the charitable objectives at the discretion of the tru5tee5.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are to be used for specific purposes as laid down by the donor.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
3.4. Incoming Resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity;
it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be
reliably measured. The following specific policies are applied to particular categories of income..
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable
and its amount can be measured reliably.
Legacy income is recognised when receipt is probable and entitlement is established.
Income from donated goods is measured at fair value of the goods unless this is impractical to measure reliable, in
which case the value is derived from the cost to the donor or the estimated ￿Sale value. Donated facilities and
services are recognised in the accounts when received if the value can be reliably measured. No amounts are included
for the contribution of general volunteers.
Income from contracts for the supply of services is recognised with the delivery of the contracted services. This is
classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and
returned if unspent, in which case it may be regarded as restricted.
Page 11

Laganview Enterprise Centre Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
3.5. Resources Expended
Expenditure is recognised on a accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be
fully recovered, and is classified under headings of the statement of financial activities to which it relates..
Expenditure on raising funds includes the costs of all fundraising artivities activities, events, non-charitable trading
activities, and the sale of donated goods.
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its
charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of
the charity apportioned to charitable activities.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its
expenditure on charitable artivities.
All costs are allocated to expenditure categorie5 reflecting the use of the resource. Dirert costs attributable to a single
activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on
a reasonablei justifiable and consistent basis.
3.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value,
over their experted useful lives on the following bases:
Freehold Buildings
Motor Vehicles
Fixtures & Fittings
40kn Straight Line
20Wo Reducing balance
20Wo Straight Line
3.7. Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid investments
that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3.8. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions
of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related
transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present
value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid
or received and not discounted.
3.9. Taxation
The charity is considered to pa55 the tests set out in Paragrdph I Schedule 6 of the Finance Art 2010 and therefore it
meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within
categories covered by Chapter 3 Part I l of the Corporation Tax Art 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
3.10. Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of
business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using
the effective interest method, less provision for impaimient. A provision for the impairment of trade debtors is
established when there is objective evidence that the charity will not be able to collect ill amounts due according to
the original temis of the receivables.
Page 12

Laganview Enterprise Centre Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
3.11. Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right,
at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting
date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are
presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the
effective interest method.
3.12. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings
are subsequently carried at amortised cost, with the difference between the proceeds, net of transartion costs, and the
amount due on redemption being recognised as a charye to the Statement of Financial Activities over the period of the
relevant borrowing.
Interest expense is recognised on the basis of the effertive interest method and is included in interest payable and
similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the
liability for at least twelve months after the reporting date.
4. Income from Charitable Artivities
2025
2024
Restrlcted
funds
Restrlcted
funds
Charitable Artivities
Grants
36,433
34,895
31,171
71,328
31,171
5. Income from Other Tradlng Actlvltles
2025
2024
Unrestricted Unrestricted
funds
funds
Facility Hire
Leases
Gym
Minibus
49,228
48,876
18,223
6,846
42,750
40,513
15,260
6,983
123,173
105,506
6. Other Income
2025
2024
Unrestricted Unrestricted
funds
funds
Profit on Fixed Asset Disposal
5,000
Page 13

Laganview Enterprise Centre Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7. Net Income/(Expenditure)
The net expenditure is stated after charging/lcrediting)=
2025
2024
Depreciation of tangible fixed assets - owned
64,668
63,266
8. Analysis of Expenditure
2025
Activities
undertaken
dirertly
Depreciation
64,668
2024
Activities
undertaken
dlrectly
Depreciation
63,266
9. Auditor's Remuneration
Remuneration received by the charitable company's auditors and their associates during the year was as follows..
2025
2024
Audlt Servlces
Audit of the company's financial statements
3,702
3,366
10. Staff Costs
2025
2024
The aggregate payroll costs were as follows:
Wages & Salaries
84,969
82,113
The number of employees whose employee benefits (exduding employer pension costs) for the reporting period exceeded
£60,000 was.. NIL (2024.. NIL)
2025
2024
11. Average Number of Employees
Average number of employees during the year was.. S (2024- 5}
Page 14

Laganview Enterprise Centre Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
12. Tangible Assets
Land &
Property
Freehold
Buildings
Motor
Vehicles
Fixtures &
Fittings
Total
Cost
As at l April 2024
Additions
2,125,149
182,33 1
2,900
2,307,480
39,003
36.103
As at 31 March 2025
2.125,149
36.103
185,23 1
2,346,483
Depreciation
As at l April 2024
Provided during the period
787,588
59.006
173,504
4,476
961,092
64,668
1,186
As at 31 March 2025
846.594
1,186
177,980
1,025,760
Net Book Value
As at 31 March 2025
1,278,555
34,917
7,251
1,320,723
As at l April 2024
1,337,561
8,827
1,346,388
13. Debtors
2025
2024
Due within one year
Trade debtors
10,763
2,285
11,651
10,883
Other debtor5
13,048
22,534
14. Creditors: Amounts Falling Due Within One Year
2025
2024
Trade creditors
Amounts owed to group undertakings
Other creditors
Taxation and Social security
Accruals and deferred income
13,135
45
13,000
5,000
666
941
5,719
4,641
3,176
4,219
24,481
26,061
Page 15

Laganview Enterprise Centre Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
15. Movement in Funds
As at l April
2024
Asat31
Expenditure March 2025
Income
Unrestricted funds
General:
General unrestricted fund
Restricted funds
General
67.363
128,173
(140,906)
54,630
1.307.219
71.328
195,251)
1,283,296
Total funds
1,374.582
199,501
{236,1571
1,337,926
As at l April
2023
Asat31
Expenditure March 2024
Income
Unrestrirted funds
General:
General unrestricted fund
Restrlcted funds
86.359
105.506
(124,502)
67,363
General
1.366.225
31.171
(90.177)
1,307,219
Total funds
1.452.584
136,677
{214,6791
1,374,582
16. Transactions with Trustees
None of the trustees received any remunerntion or any other benefits from an employment with the charity or a related entity
during the current or previous year.
17. Related Party Disclosures
During the year, Resurgam Community Development Trust provided a donation of £35,083 to the Charity by giving funds
specifically for purchase of a Mini bus.
Page 16