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2025-10-31-accounts

Charity number: XR82572 & NIC100738 Company number: NI060209

Liberty Consortium (A company limited by guarantee)

Trustees' report and financial statements

for the year ended 31 October 2025

Liberty Consortium (A company limited by guarantee)

Contents

Page
Legal and administrative information 1
Trustees' report 2 - 9
Auditors' report to the trustees 10 - 12
Statement of financial activities 13
Balance sheet 14
Cash flow statement 15
Notes to the financial statements 16 - 25

Liberty Consortium (A company limited by guarantee)

Legal and administrative information

Charity numbers XR82572 & NIC100738
Company registration number NI060209
Business address 15 Racecourse Road
Derry
BT48 7RE
Registered office The Playtrail
15 Racecourse Road
Derry
BT48 7RE
Trustees
Darren Kirby Chairperson
Caroline Campbell
Edyth Dunlop Appointed 13/01/2020
Eilis Gill Resigned 20/01/2026
John Peto
Aine Harnett Appointed 21/03/2023
Secretary Caroline Campbell
Ex-Officio Member Helen Turton DC & SD Council representative
Key managememt personnel
CEO Mark Roberts
Transition manager Anne Marie Donnelly
Finance manager Christine Maxwell
Inclusion manager Gavin Melly
Auditors Shaun McGinty & Co
Chartered Accountants
44 Woodbrook
Derry
BT48 8FF
Bankers AIB
Meadowbank
Strand Road
Derry
BT48 7TN
Solicitors Clyde & Co (NI) LLP
Solicitors
Centrepoint
24 Ormeau Avenue
Belfast, BT2 8HS

Page 1

Liberty Consortium (A company limited by guarantee)

Report of the trustees (incorporating the directors' report) for the year ended 31 October 2025

The trustees present their report and the financial statements for the year ended 31 October 2025.

The financial statements are prepared in accordance with the Companies Act 2006, the Charities Act (NI) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees Report contains the information required to be provided in the Trustees Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees.

In this report the trustees present a summary of its purpose, governance, activities, achievements and finances for the financial year ended 31 October 2025.

Directors and trustees

The trustees, who are also directors of Liberty Consortium for the purposes of company law and who served during the year and up to the date of this report are set out below.

Trustees

Chairperson Darren Kirby Caroline Campbell Appointed 13/01/2020 Edyth Dunlop Eilis Gill Resigned 20/01/2026 John Peto Appointed 21/03/2023 Aine Harnett Secretary Caroline Campbell Ex- Officio Member Helen Turton DC & SD Council representative Reference and administrative details Charity number XR82572 & NIC100738 Company registration number NI060209 Registered office The Playtrail, Derry, BT48 7RE Key personnel CEO Mark Roberts Transition manager Anne Marie Donnelly Finance manager Christine Maxwell Inclusion manager Gavin Melly

Page 2

Liberty Consortium (A company limited by guarantee)

Report of the trustees (incorporating the directors' report) for the year ended 31 October 2025

Advisers

Auditors Shaun McGinty & Co 44 Woodbrook, Derry, BT48 8FF Bankers AIB Strand Road, Derry, BT48 7TN Solicitors Clyde & Co (NI) LLP Centrepoint, 24 Ormeau Avenue, Belfast, BT2 8HS

Structure, governance and management

The Liberty Consortium is a charitable company limited by guarantee and not having any share capital and is registered under the Companies Act 2006.

Governing Document

The charitable company's governing document is the Memorandum and Articles of Association.

Members Liability

Every member of the company undertakes to contribute to the assets of the company, in the event of the same being wound up while he/she is a member, or within one year after he/she ceases to be a member, for payment of the debts and liabilities of the company contracted for before ceasing to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding £1.

Related Parties

Transactions with related parties are as disclosed in the Related Party Transactions note in the accounts.

Board of Directors

The charity is governed and directed by a voluntary board which comprises approximately 7 people from varied backgrounds and skill sets. The aim of the board is to provide leadership and develop strategy as well as to ensure good governance and financial control. New board members receive training to brief them on roles and responsibilities and their legal obligations under charity and company law, the organisational structure and key organisational activities. The board ensures the good governance of the charity by setting its strategic objectives and policy direction and by monitoring the charity's operations.

Board Meetings

The board of directors would meet about 9 times a year and there are usually about 5 directors in attendance. These meetings include the charity's AGM. The day to day operations of the charity are managed by the senior management team appointed by the board. The senior management team attend board meetings and present financial reports and other operating information to the board to assist them in their governance role.

Serious Incidents Statement

We, the Trustees, confirm that there have been no serious incidents or other matters during the year which needed to be reported to the Commission.

Senior Management

The CEO, appointed by the Board, manages the day to day operations of the organisation. To facilitate effective operations, the CEO has been delegated authority for operational matters, including the application and monitoring of strategic and operational objectives, attends all board meetings and updates the directors on the charity's current financial and operational position. All Liberty Consortium staff report directly to the CEO.

Compliance with Sector-Wide Legislation & Standards

1) The charity engages pro-actively with legislation, standards and codes which are developed for the sector in the UK and Northern Ireland. The charity subscribes to and is compliant with the Companies Act 2006; the Charities SORP (FRS 102) and the Charities Act (Northern Ireland) 2008.

2) The charity ensures the well-being of its employees, clients and customers through the strict adherence to health and safety standards. Systems are in place to ensure that employees are aware of and implement the charity's health and safety requirements. Employees are required to work in a safe manner as mandated by law and best practice.

Page 3

Liberty Consortium (A company limited by guarantee)

Report of the trustees (incorporating the directors' report) for the year ended 31 October 2025

Risk Management & Pincipal Risks

The directors have examined the major strategic, business and operational risks which the charity faces and confirms that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. The principal risk to the charity is if its core funding was not renewed or if its Day Opportunities contract with WHSCT was not renewed. The charity has established a risk management process, which will ensure that the organisation manages and mitigates risk in line with the agreed risk of the organisation. The charity maintains an Issues log and Risk register which are reviewed regularly and acted upon by the Board. Having primary responsibility for risk management, the Board regularly consider the main strategic, business and operational risks facing the charity. The directors confirm that effective controls and reporting are in place to lessen these risks.

Objectives and activities

The principal object of the charitable company is to promote the benefit of and the preservation and protection of health among children, young people and adults with disabilities and able bodied people living in the Greater Shantallow area and its environs in Derry City and to provide facilities in the interests of social welfare for recreation and other leisure-time occupation,with the object of improving the conditions of life for the beneficiaries and in particular to: a) establish a safe and neutral play space to promote inclusive play and recreational oportunities for the beneficiaries and b) provide programmes of education and vocational training designed to assist the beneficiaries to lead to employment.

Vunerable Beneficiaries Statement

We, the Trustees, confirm that there are appropriate policies & procedures in place for the safeguarding of vunerable beneficiaries.

Public Benefit Statement

We, the Trustees, confirm that we have complied with our duty under charity law to have regard to the Commission's public benefit guidance when exercising any powers or duties to which this guidance is relevant.

Public Benefit - How our activities deliver public benefit

The primary objective of the charity is to promote the health and well being of the children, young people and adults, both the able bodied and also those with disabilities in the catchment area through the use of the facilities in the park and our wider programme delivery. The achievement of these public benefit objectives are evidenced through the feedback from residents/beneficiaries who use the park and our wider programmes, official government statistics and regular independent evaluations of the charity's range of programme delivery.

Liberty Consortium's various projects and programmes continue to deliver public benefit for children, young people and adults living within the Ballyarnett District Electoral Area and across the wider Derry City & Strabane District Council area (DC & SDC). Seeking to improve the quality of life for those who utilise our services, we continued to adapt and review our provision, expanding our programmes and adding value to existing services. The services and programmes on offer continue to draw beneficiaries from across the Council area, with young people with learning disabilities travelling to avail of the HUB and BUD Club, as well as families travelling from every DEA to participate in events held on the Playtrail site.

Mayoral Charity of the year

In June 2024 the work of Liberty Consortium was acknowledged by Derry & Strabane District Council with our BUD Club youth provision being selected as the new mayor's (Cllr Lilian Seenoi-Barr) Charity of the Year for her time in office up to June 2025. Fundraising activities continued throughout the year and various events were held during the year to raise much needed funds and also to raise the profile of the organisation across the City & District. The October 2025 accounts include approximately £56K (2024:£5K) of additional donation income generated as a result of being selected as the mayor's charity of the year.

In addition to serving as the Mayor's chosen charity, BUD Club worked in partnership with the Mayor and DC & SDC to deliver a range of inclusive events. These included the "Inclusive Birthdays" programme at Foyle Arena, which gave 100 children and young people with disabilities the opportunity to enjoy a birthday party tailored to meet their individual needs. We also supported the delivery of the Mayor's Youth Initiatives, which ensured that all children and young people could take part in evening music and gaming events at the Guildhall. This initiative, titled "Our Guildhall - Our Space", encouraged young people to take ownershipof the Guildhall by engaging in youth-friendly, inclusive activities.

Page 4

Liberty Consortium (A company limited by guarantee)

Report of the trustees (incorporating the directors' report) for the year ended 31 October 2025

Northside

The Northside Village Centre which has become our second home with the HUB Day Opportunities Programme, BUD Club Youth Provision and the Thrift charity shop all being based there continues to thrive, providing valued servies for our young people and the wider community. The October 2025 accounts include approximately £89,000 (2024:£70,000) of trading income generated through the Thrift charity shop, which employed 7 staff and provided volunteering opportunities for approximately 26 young people with learning disabilities. While the 4 year National Lottery funding provided to operate the Thrift shop finished in September 2024, the shop remained operational throughout the October 2025 year as the Board and management looked for a sustainable model for the continuation of the service. However the Board were unable to secure any further funding for the shop and a decision was made in April 2026 to close it. The Day Opportunities programme continues to grow to allow for increased capacity and growth whilst continuing to provide programming that captures the imagination of our young adults. The HUB Day Opportunities programme, funded under the Self Directed Support Model by the WHSCT provides approximately 237 weekly places to people with learning disabilities so as to enhance their personal development, life skills and independence. While the BUD Club aims to provide a generic and targeted youth provision for young people with disabilities aged 11 to 25 years old. During the year a BUD Juniors programme continued to operate on 4 afternoons per week at the HUB.

Playtrail Site

We have continued to develop the Playtrail, located on the Ardnashee School & College site at Racecourse Road, through maintaining the existing equipment & adding new equipment to further enhance activities for park users. During the year this has included building on our local partnerships with organisations like Repair Share Foyle, GSAP, NIRN, Foyle Obon, Zero Waste North West and many more. The Playtrail site continues to support the local community and continues to be the base for the Extended Schools programme operated for a number of the local schools. The October 2025 year also saw the continued development of the Community Fridge service tackling food waste, which received funding support from HUBBUB and continues to work in partnership with local retailers, including Tesco, Sainsburys and McGinley's Spar. Furthermore Extended Schools funding provided Forest School sessions for local nursery and primary schools; while our vibrant Green Fingers Community Allotment Scheme provided an avenue for healthy eating and increased physical activity. In order to maintain the Keeping NI Beautiful Green Flag Award received in 2023 and while being led by our annual ROSPA Inspection Report, our rigourous maintenance work has continued across the Playtrail site, ensuring that we continue to meet appropriate standards for our play equipment and ensuring the safety of our visiting public. During the October 2025 year park maintenance work included expenditure on repairing and replacing park play equipment as well various other site repairs. Our annual programme of free or affordable events at the Playtrail site continued to grow, linking to local groups and schools, adding significant festivals to our calendar, which allow our young people to have a platform for their voices to be heard and feel included.

Achievements and performance

Review of Activities and Achievements

During the year the charity continued to receive grant aid from a number of funders including DfC (formerly DSD), the National Lottery Community Fund and EA which has allowed it to continue to provide the various leisure based projects and play activities to those people living within the charity's target geographic area.

Staff

The wages and salaries grants awarded by a variety of funders, including the DfC, the National Lottery Community Fund and EA, assist the charity in employing both its full-time and part-time staff during the year.

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Liberty Consortium (A company limited by guarantee)

Report of the trustees (incorporating the directors' report) for the year ended 31 October 2025

Thrift Charity Shop

Our Thrift Charity Shop (Social Enterprise), located within the Northside shopping mall has continued to trade throughout the October 2025 year and charity income for the year includes approximately £89,000 (2024; £70,000) of trading income generated through the shop. The charity shop is not only providing work experience opportunities for our young people and placing them front and centre in the heart of the community but is also providing affordable clothing and homewares for the local community and reducing waste going to landfill. During the year there were approximately 30 young people in receipt of volunteering opportunities at Thrift. Training was given to all young people involved in the project covering roles, responsibilities and expectations of working. The National Lottery funding for the Thrift shop finished in September 2024 so the October 2025 accounts do not include any grant aid support for the shop (2024 grant: £133,000). Any trading profits generated by the thrift shop project will be reinvested back into the charity.

The Playtrail and Extended Schools

During the October 2025 year the charity continued with its involvement in the Extended Schools Programme with a number of local schools. The income for the year includes approximately £7,000 (2024:£7,000) generated under the programme. Through Extended Schools funding, managed by GSAP, our forest school practitioner continued to deliver forest school sessions to six nursery schools from the Outer North area. In addition a number of external groups, including other nursery schools, paid for forest school sessions. As already mentioned in the public benefit section, regular maintenance and improvement work is carried out to the Playtrail site each year so as to maintain it at the "Green Flag" status level that was awarded to the site in 2023. In maintaining the site the charity focus has moved more towards developing growing spaces, including the newly established kitchen garden, rather than purely green spaces. The programmes operating on the Playtrail site during the year included the Community Fridge programme, which included family cooking classes and community growing. While new relationships were developed with Ardnashee School & College to support their cookery classes, including providing grown ingredients when available.

Playtrail Youth Forum

The Playtrail Youth Forum set up in 2023 continues to provide a platform for the young people who use our facilities to develop new skills, build leadership, allow their voices to be heard and involve them in the decision making processes. The forum also provides a mechanism to consult with wider stakeholders within the statutory, community and voluntary sector in order to promote the voice of children and young people with disabilities and advocate on their behalf.

BUD Club and Bud Juniors

Our BUD Club (Youth Provision) programme, with funding through a service level agreement with the EA Youth Service continues to engage with the young people that the project was set up to support despite the difficulties of reduced funding impacting all organisations in Northern Ireland. While the BUD Juniors programme, set up in 2023, and aimed at providing more safe spaces for young people with disabilities to engage and build friendships, continues to operate 4 days a week and cater for participants aged 11 to 14.

HUB & Day Opportunities

Our work at our HUB premises in Northside Village Centre continues to deliver high quality provision for young adults with learning disabilities both across our Day Opportunities programme and our BUD Youth provision.The October 2025 financial statements include approximately £920,000 (2024:£840,000) of income generated through our HUB "Day Opportunities" programme which continues to operate from the rented units at the Northside Centre.

Gardening and Allotments

During the October 2025 year we again had a number of gardening projects and the produce was distributed to local residents, thus encouraging local community growing to build resilience, promote healthy eating & physical activity and to bring people together in a common purpose.

Community Fridge

The Community Fridge project, located at the Playtrail site, opened in late 2022. The Community Fridge is a space that brings people together to eat, connect, learn new skills and reduce food waste. It is a site where local people can share food, this includes surplus from supermarkets, local food businesses, producers, households and gardens. We believe that this will be a great asset within the local community and help local supermarkets to reduce their food waste while also contributing to the local community in which they operate. This project will only add to the community engagement that takes place within the Playtrail site, adding to our offering and addressing identified need within the local community.

Page 6

Liberty Consortium (A company limited by guarantee)

Report of the trustees (incorporating the directors' report) for the year ended 31 October 2025

Financial review

Financial results

The charity's total income for the October 2025 year was £1,370,598 (2024:£1,331,255) and expenditure was £1,115,308 (2024:£1,084,085) resulting in a net income of £255,290 (2024: £247,170) for the year. The October 2025 figures include a further transfer of £200,000 (2024:£200,000) to the unrestricted development reserve, which has a balance of £1,600,000 after the transfer.

Wages and Salaries

The employment costs for the October 2025 year were £809,701 (2024:£748,315). Grant aid to assist with meeting wages costs continued to be received from a number of funders, including the Department for Communities (DfC), the National Lottery Community Fund and EA.

Fundraising

In order to assist with meeting unfunded operating costs the charity has previously engaged in a range of fundraising events and ventures. Fundraising activities had to stop during the pandemic and while Covid restrictions have all been lifted, there have been no specific fundraising events and no fundraising income generated during the past few financial years. However the charity does expect to resume its fundraising operations at some point.

Reserves Policy

It is the policy of the charity to maintain liquid funds at a level that would enable it to operate for a reasonable period should funding be reduced. The charity's aim is to build up the unrestricted reserves to provide for future costs and contingencies that would arise in the event that funding was reduced or stopped so as to allow for the orderly winding up of the charity. There are two unrestricted reserves, the unrestricted income fund and the unrestricted Development fund. All unrestricted funds generated by the charity are credited to the Unrestricted income Fund General Reserve, with any transfers to the Development fund being made from the unrestricted income fund. As at 31 October 2025 the charity has total unrestricted reserves of £2,219,777 (2024:£1,815,247) inclusive of the net unrestricted surplus of £274,020 generated in the October 2025 year. A further transfer of £200,000 was made from the unrestricted income fund to the development fund, bringing that reserve up to a balance of £1,600,000.

Staffing

Staff levels are governed by the amount of grant aid obtained to assist with covering payroll costs and the amount of unrestricted income generated through the various activities undertaken by the charity. Additional staff are only employed when sufficient restricted and unrestricted funding has been secured to cover related salaries.

Going Concern

The DfC funding to the charity has currently been renewed until the end of March 2027. Furthermore the WHSCT contracted Day Opportunities programme for adults with learning disabilities continued to generate significant positive cashflows for the charity in the October 2025 year and that is expected to continue in the coming year. As such there are currently no issues with regards to the going concern status of the charity.

Liberty Consortium Enterprises CIC

Due to the fact it didn't generate any trading surpluses in the last four financial years, there have been no donations from Liberty Consortium Enterpries CIC during that period. The CIC is a trading company owned by Liberty Consortium, which was set up in April 2013 and whose Memorandum & Articles of Association require that any profits that it generates get donated to Liberty Consortium to assist with meeting unfunded costs.

Page 7

Liberty Consortium (A company limited by guarantee)

Report of the trustees (incorporating the directors' report) for the year ended 31 October 2025

The HUB & Day Opportunities Programme

Our Day Opportunities continues to grow and its location at the HUB, in Northside Village Centre, has ensured that the young people participating on the programme are at the centre of their community, allowing them to interact with traders, security staff, local residents and other community groups based within the centre. The programme now operates 5 days per week, offering approximately 237 places for young people. The activities are varied and the young people are afforded the opportunity to participate in a host of programmes both locally and within the wider City & District area. This has included partnership work with Waterside Theatre, Eden Arts Centre, Void, the Nerve Centre and much more. Having access to our own minibus has also ensured the young people have been out and about, opening up much more by way of programme delivery and linked in activities across the City & District. The October 2025 financial statements include income of approximately £920,000 (2024:£840,000) generated from Day Opportunities programme.

Capital Expenditure

The October 2025 accounts include capital expenditure of £9,422 (2024: £18,340) together with related capital grant funding of £5,000 (2024:£5,323).

Post Balance Sheet Events

1) Despite the National Lottery funding finishing in September 2024, the Board continued to keep the Thrift shop operating throughout the October 2025 using the charitys unrestricted reserves while also attempting to secure new grant funding. However when no new funding was able to be secured, the Board made the decision to close the shop in April 2026. The closure of the shop resulted in 2 members of staff being made redundant. Any costs relating to the closure of the Thrift shop will be included in the October 2026 accounts.

2) The original 25 year lease entered into with the Education Authority, formerly WELB, for the Playtrail site is due to finish in October 2030 and in order to assist with new funding applications the Board has commenced preliminary discussions with EA about renewing the lease. While no new lease has been agreed as yet, the Board are confident that a new lease will be agreed well before the 2030 renewal date.

Plans for future periods

The various multi-year awards of financial assistance received by the charity together with the Day Opportunities service provision contract with WHSCT should ensure that the charity's staff are able to develop and expand the range of services and facilities that are provided. The latest DfC award should also cover most of the wages costs of two employees up to March 2027.

The Trustees realise that, like all organisations, the charity is currently operating in challenging economic times. However they are hopeful that with the ongoing financial assistance from funders and the various other fund generating activities that the charity undertakes, that it will be able to continue providing access to the Playtrail facility and further develop its use in the Greater Shantallow area.

The Board also continues to look for new funding offers to assist with covering the operating costs of the charity and to enable them to maintain and improve the services provided by the charity.

Statement as to disclosure of information to auditors

In so far as the trustees are aware:

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Liberty Consortium (A company limited by guarantee)

Report of the trustees (incorporating the directors' report) for the year ended 31 October 2025

Statement of trustees' responsibilities

The trustees (who are also directors of Liberty Consortium for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for each financial year which 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 these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditors

Shaun McGinty & Co are deemed to be reappointed in accordance with Section 487(2) of the Companies Act 2006. On behalf of the board

Darren Kirby John Peto Director Director 8 July 2026

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Liberty Consortium (A company limited by guarantee)

Independent auditor's report to the trustees of Liberty Consortium

Report on the audit of the financial statements

Opinion

We have audited the financial statements of Liberty Consortium for the year ended 31 October 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and the related notes to the financial statements, including a summary of significant accounting policies set out in note 1. The financial reporting framework that has been applied in their preparation is applicable Northern Ireland law and FRS 102 "The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland" and the Accounting and Reporting by Charities; Statement of Recommended Practice (Charities SORP) applicable to charities preparing their accounts in accordance with FRS 102.

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs UK) 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 charity in accordance with ethical requirements that are relevant to our audit of financial statements in the UK and Northern Ireland, including the FRC's Ethical Standard for Auditors, 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.

We have undertaken the audit in accordance with the requirements of APB Ethical Standards including APB Ethical Standard - Provisions Available for Small Entities, in the circumstances set out below:

In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which ISA (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. 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.

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Liberty Consortium

(A company limited by guarantee)

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 there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude 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 matter prescribed by the Companies Act 2006

Based solely on the work undertaken in the course of the audit, we report that:

We have obtained all the information and explanations which we consider necessary for the purpose of our audit. In our opinion, the accounting records of the charity were sufficient to permit the financial statementsto be readily and properly audited, and the financial statements are in agreementwith the accounting records.

Matters on which we are required to report by exception

Based on the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified any material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Respective responsibilities

Respective responsibilities of the trustees

As explained more fully in the Trustees' Responsibilities Statement set out in the Trustees' Report, the trustees' (who are also directors 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 they determine is necessary to enable the preparation of financial statements that are free from material misstatements, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity'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 management either intends to liquidate the charity or to cease operations, or has no realistic alternative but to do so.

Auditors's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements 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 conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

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Liberty Consortium

(A company limited by guarantee)

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

The purpose of our audit report and to whom we owe our responsibilities

This report is made solely to the charity's trustees, 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 charity's trustees those matters 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 charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

...........................................

Shaun McGinty (Senior Statutory Auditor) For and on behalf of Shaun McGinty & Co Chartered Accountants and Registered Auditors - ( Statutory Auditors ) 44 Woodbrook Derry BT48 8FF

8 July 2026

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Liberty Consortium (A company limited by guarantee)

Statement of financial activities (incorporating the income and expenditure account)

For the year ended 31 October 2025

Unrestricted Unrestricted Restricted **2025 ** **Unrestricted ** **Unrestricted ** Restricted Restricted Restricted 2024
funds funds Total funds funds Total
Notes £ £ £ £ £ £
Income
Donations and legacies 2 66,042 262,071 328,113 13,823 375,776 389,599
Other trading activities 3 1,031,885 - 1,031,885 929,408 - 929,408
Other income 4 10,600 - 10,600 12,248 12,248
Total income 1,108,527 262,071 1,370,598 955,479 375,776 1,331,255
Expenditure on
Staff costs 6 600,196 209,505 809,701 453,340 294,975 748,315
Establishment costs 99,334 5,142 104,476 105,472 20,365 125,837
Motor and travelling expenses 7,976 - 7,976 4,271 - 4,271
Auditors' remuneration 4,500 - 4,500 4,360 - 4,360
Legal and professional fees 10,522 - 10,522 8,554 1,339 9,894
Communications and IT 9,431 - 9,431 6,988 1,000 7,988
Other office expenses 7,584 - 7,584 3,671 2,324 5,994
Interest payable and similar charges 8 3,739 - 3,739 4,820 - 4,820
Depreciation and impairment 7,178 23,712 30,890 14,540 23,226 37,766
Loss on disposal of intangible fixed assets
for the charity's own use - 18 18 -
Other support costs 11,459 - 11,459 25,102 - 9,799
Donations 610 325 935 1,000 - 1,000
Provision for bad and doubtful debts 4,431 - 4,431 65 - 65
Project and Activity costs 66,973 42,100 109,072 57,956 50,449 123,708
Fundraising costs 574 - 574 268 - 268
Total expenditure 834,507 280,802 1,115,308 690,407 393,678 1,084,085
Net income /(expenditure) for the year /
Net income/(expense) for the year 274,020 )
(18,731		 255,290 265,072 (17,902 ) 247,170
Total funds brought forward 1,815,247 149,240 1,964,487 1,550,175 167,142 1,717,317
Total funds carried forward 2,089,267 130,509 2,219,777 1,815,247 149,240 1,964,487

The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 16 to 25 form an integral part of these financial statements.

Page 13

Liberty Consortium (A company limited by guarantee)

Balance sheet as at 31 October 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 11 139,667 161,153
Current assets
Debtors 12 217,860 167,379
Cash at bank and in hand 1,960,768 1,759,606
2,178,628 1,926,985
Creditors: amounts falling
due within one year 13 (98,519 ) (123,651 )
Net current assets 2,080,109 1,803,334
Net assets 2,219,776 1,964,487
Funds 14
Restricted income funds 130,509 149,240
Unrestricted income funds:
Unrestricted income funds 489,267 415,247
Development fund 1,600,000 1,400,000
Total unrestricted income funds 2,089,267 1,815,247
Total funds 2,219,776 1,964,487

The financial statements were approved by the board on 8 July 2026 and signed on its behalf by

Darren Kirby John Peto
Director Director

The notes on pages 16 to 25 form an integral part of these financial statements.

Page 14

Liberty Consortium (A company limited by guarantee)

Cash flow statement

for the year ended 31 October 2025

2025 2024
Notes £ £
Net incoming resources for the year 255,289 247,170
Interest payable 3,739 4,820
(Gain)/Loss on disposal of fixed assets 18 -
Depreciation and impairment 30,890 37,766
Increase in debtors (50,481 ) (101,736 )
(Decrease)/Increase in creditors (26,263 ) 2,376
Net cash inflow from operating activities 213,192 190,396
Returns on investments and servicing of finance 24 (3,739 ) (4,820 )
Capital expenditure 24 (9,422 ) (18,340 )
Increase in cash in the year 200,031 167,236
Reconciliation of net cash flow to movement in net funds 25
Increase in cash in the year 200,031 167,236
Net funds at 1 November 2024 1,755,310 1,588,074
Net funds at 31 October 2025 1,955,341 1,755,310

Page 15

Liberty Consortium (A company limited by guarantee)

Notes to financial statements for the year ended 31 October 2025

1. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.

1.1. Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

1.2. Cashflow

The cashflow statement is prepared using the indirect method.

1.3. Income

All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Donations and legacies income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.

Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.

1.4. Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.

Page 16

Liberty Consortium (A company limited by guarantee)

Notes to financial statements for the year ended 31 October 2025

1.5. Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

1.6. Defined contribution pension schemes

The pension costs charged in the financial statements represent the contribution payable by the charity during the year.

2. Donations and legacies

Donations and legacies
Unrestricted
Restricted
funds
funds
£
£
Donations
9,785
-
Donations - Exceptional - DC & S DC Mayoral 56,257
-
Grants receivable - National Lottery
-
-
Grants receivable - DC & SD Council
-
-
Grants receivable - DfC
-
73,437
Grants receivable - DfC Jobstart
-
1,500
Grants receivable - WHSCT
-
28,911
Grants receivable - WELB & EA
-
118,502
Other Grants receivable
-
39,721
66,042
262,071		 2025 Unrestricted Restricted
Total
funds
funds
£
£
£
9,785
13,823
-
56,257
-
-
-
-
133,878
-
-
3,081
73,437
-
69,519
1,500
-
31,961
28,911
-
2,074
118,502
-
109,438
39,721
-
25,825
328,113
13,823
375,776		 2024
Total
£
8,497
5,326
133,878
3,081
69,519
31,961
2,074
109,438
25,825
389,599

Donations income includes exceptional donations of £56,257 (2024: £5,326) generated as a result of the Mayor of Derry City & Strabane District Council, Cllr Lilian Seenoi-Barr, choosing Liberty Consortium as her designated charity during her year in office which ran until June 2025.

3. Other trading activities

Other trading activities
Unrestricted
2025
Unrestricted
funds
Total
funds
£
£
£
Fundraising events
1,180
1,180
-
Activities for generating funds
1,030,705
1,030,705
929,408
1,031,885
1,031,885
929,408		 2024
Total
£
-
929,408
929,408

Page 17

Liberty Consortium (A company limited by guarantee)

Notes to financial statements for the year ended 31 October 2025

4. Other income

Unrestricted
funds
£
Other income - HMRC EA
10,500
Other income - insurance claim
100
10,600		 2025
Unrestricted
Total
funds
£
£
10,500
12,248
100
-
10,600
12,248		 2024
Total
£
5,000
7,248
12,248

5. Net incoming resources for the year

Net incoming resources for the year
2025 2024
£ £
Net incoming resources is stated after charging:
Depreciation and other amounts written off tangible fixed assets 30,890 37,766
Loss on disposal of tangible fixed assets 18 -
Auditors' remuneration - Audit and accountancy fees 4,500 4,360

6. Employees

Employment costs
Wages and salaries
Social security costs
Pension costs		 2025
£
700,109
70,533
39,059
809,701		 2024
£
660,934
55,758
31,623
748,315

No employee received emoluments of more than £60,000.

Number of employees

The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:


Management and Administration
Other Staff
Directors / Trustees - Voluntary		 2025
Number

4
34
7
45		 2024
Number
4
26
6
36

6.1. Trustees' emoluments

The trustees did not receive any remuneration in connection with their role as trustees during the year.

Page 18

Liberty Consortium (A company limited by guarantee)

Notes to financial statements for the year ended 31 October 2025

8. Interest payable and similar charges

Interest payable and similar charges
2025 2024
£ £
Bank fees and charges 3,739 4,820

9. Pension costs

The company operates a defined contribution pension scheme in respect of the eligible employees who join the pension scheme. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and was as follows:

2025 2024
£ £
Pension charge 39,059 31,623

10. Taxation

The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.

Long
Fixtures,
Tangible fixed assets
leasehold fittings and
property
equipment
£
£
Cost
At 1 November 2024
463,156
268,373
Additions
-
9,422
Disposals
-
)
(15,660
At 31 October 2025
463,156
262,135
Depreciation
At 1 November 2024
319,242
251,134
Charge for the year
20,570
10,320
On disposals
-
)
(15,642
At 31 October 2025
339,812
245,812
Net book values
At 31 October 2025
123,344
16,323
At 31 October 2024
143,914
17,239		 Motor
vehicles
£
33,020
-
-
33,020
33,020
-
-
33,020
-
-		 Total
£
764,549
9,422
)
(15,660
758,311
603,396
30,890
)
(15,642
618,644
139,667
161,153

11. Tangible fixed assets

Page 19

Liberty Consortium (A company limited by guarantee)

Notes to financial statements for the year ended 31 October 2025

12. Debtors

Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
Creditors: amounts falling due
within one year
Bank overdraft
Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income		 2025
£
190,837
9,520
17,503
217,860
2025
£
5,427
3,413
14,908
6,112
68,659
98,519		 2024
£
143,900
7,679
15,800
167,379
2024
£
4,296
15,715
11,408
5,023
87,209
123,651

13. Creditors: amounts falling due

Accruals and Deferred income include £63,538 (2024:£82,267) of restricted grant aid which has been received in advance and which will be recognised as income when the relevant expenditure has been recognised and incurred.

14. Analysis of net assets between funds

Unrestricted Unrestricted Restricted Restricted Total Total
funds funds funds
£ £ £
Fund balances at 31 October 2025 as represented by:
Tangible fixed assets 11,733 127,934 139,667
Current assets 2,112,515 66,113 2,178,628
Current liabilities (34,981 ) (63,538 ) (98,519 )
2,089,267 130,509 2,219,776

Page 20

Liberty Consortium (A company limited by guarantee)

Notes to financial statements for the year ended 31 October 2025

15. Unrestricted funds At At
1 November Incoming Outgoing 31 October
2024 resources resources Transfers 2025
£ £ £ £ £
Unrestricted Funds 415,247 1,108,527 (834,507 ) (200,000 ) 489,267
Development Fund 1,400,000 - - 200,000 1,600,000
1,815,247 1,108,527 (834,507 ) - 2,089,267

Page 21

Liberty Consortium (A company limited by guarantee)

Notes to financial statements for the year ended 31 October 2025

Restricted funds At At
1 November Incoming Outgoing 31 October
2024 resources resources 2025
£ £ £ £
Capital Grants & Capital Donations - Various Funders 149,239 5,000 (23,730 ) 130,509
Department for Communities (DfC) grants - 73,437 (73,437 ) -
EA - 118,502 (118,502 ) -
Other grants 1 65,132 (65,133 ) -
149,240 262,071 (280,802 ) 130,509

16. Restricted funds

Purposes of restricted funds

Restricted Funding for Capital Expenditure

1) The funding from the Big Lottery Fund "Peoples Millions" programme was provided to cover the capital costs of developing the Green Finger's project. 2) The funding from Derry City Council was provided to assist with the capital costs of installing the sound proofing barrier at the sensory park so as to minimise the impact on neighbouring properties. 3) The grant aid from NI Electricity and BERR, the Department for Business Enterprise & Regulatory Reform, was provided to assist with the costs of installing solar panels. 4) Further capital expenditure on the Greenfingers project was funded by a number of bodies, including Derry City Council and Groundwork NI.

5) Ilex provided funding to cover the 2013 year capital spend on the auditorium. 6) BBC Children in Need provided funding to cover 2014 year capital cost on cinema equipment. A total of £ 7,730 was received during the year with £ 7,151 matched against equipment costs that year and the £579 balance matched against revenue costs, £167 in 2015 & £412 in 2016. The October 2015 accounts include £240 of capital grants received from Children in Need relating to asset additions in the 2015 year. 7) The Enterprise Link Challenge Fund provided capital funding of £ 10,500 in the 2014 year to cover construction of the Treehouse. The 2015 accounts included £ 7,750 of capital grants from the Challenge fund in respect of fixed asset additions that year.

8) The Big Lottery fund provided capital funding of £ 3,606 for IT equipment additions for the Hope project. 9 ) The charity received total grant aid of £ 3,700 from Lloyds trust in the 2014 year. Of the total received £ 401 related to capital costs and the balance was recognised and matched with revenue costs. 10) During the October 2016 year the charity received £6,459 from Greencare, £5,538 from Big Lottery, £500 from DSD and £ 1,092 from DCAL in capital grants to fund asset additions.

11) During the year ended 31 October 2017 the charity received capital grants totalling £ 26,727, including £ 7,700 from Percy Bilton, £9,960 from Aviva, £2,250 from ACT and £1,500 from NIHE. 12) During the year ended 31 October 2018 the charity received capital grants totalling £ 18,979 from a variety of funders, including £ 5,941 from Northside Development Trust, £ 5751 from the Karen Mortlock Fund and £2,815 from Bailey Thomas. In addition the charity received a Donation of £33,020 to cover the cost of purchasing a new minibus for use in the charity's activities. The capital grants and capital donation meant that all asset additions during the year were fully funded. 13) During the year ended 31 October 2019 the charity received capital grants totalling £36,108 from a variety of funders, including £ 12,909 from DM Thomas Foundation, £6,633 from Percy Bilton and £2,157 from the Big Lottery to assist with meeting total asset addition costs of £40,177. 14) During the year ended 31 October 2020 the charity received £6,010 of capital grants from a variety of funders to assist with fixed asset purchases, including £1,197 from the Big lottery, £1,577 from Children In Need, £1,576 from the Rank Foundation and £1,067 from the Arts Council for NI. 15) During the year ended 31 October 2021 the charity received £3,073 of capital grants, including £998 from DfC, £1,621 from BBC CIN and £454 from other funders. 16) The October 2022 accounts included a capital grant of £3,500 received from Danske Bank.

Page 22

Liberty Consortium (A company limited by guarantee)

Notes to financial statements for the year ended 31 October 2025

Restricted Funding for Revenue Expenditure 1) The funding from BBC Children in Need was provided to assist with meeting wages costs. 2) The funding from the DfC is provided to cover salary costs incurred in connection with the management of the Neighbourhood Renewal funded programme. 3) The funding from all other funders is provided to assist with wages and other running costs.

The 4 year grant aid from the National Lottery totalling £500,000 to assist with the costs of the Thrift shop started in 2020 and ran until September 2024. The grant aid was recognised in the accounts on an accruals basis and matched with the expenditure to which it relates. As the grant had finished in September 2025, there are no amounts in the October 2025 accounts relating to the grant.

All funding in the accounts is recognised on an accruals basis and matched with the related expenditure. As at 31 October 2025 the balance sheet creditors include total deferred income of £63,538 (2024: £82,267) relating to grants that have been received in advance by the charity, inclusive of the National Lottery advance detailed separately in the notes above. As at 31 October 2025 the balance sheet also includes debtors of £28,911 (2024:£1,170) relating to grants owed.

Other restricted income and donations recognised in the accounts are matched against the related wages and other project costs.

17. Financial commitments

At 31 October 2025 the company had annual commitments under non-cancellable operating leases as follows:

Land and buildings
2025 2024
£ £
Expiry date:
Between one and five years 50,000 50,000

The charity has entered into 2 multi year lease agreements relating to the various units in the Northside Village Centre from which the charity currently operates. The leases run for periods up to 2027, with the charity having a break option upon giving 6 months notice in both 2025 and 2026. The charity is currently committed to paying rental costs of approximately £50,000 per year under the lease agreements. The £18,000 annual rental cost relating to the thrift shop unit, which was funded by the National Lottery until September 2024, was reduced by the landlord in 2026 when the charity gave the 6 months notice that it was quitting the unit. The lease of the thrift shop unit should finish around October 2026.

18. General commitments

In 2005 the charity entered into a 25 year lease with the Education Authority, formerly WELB, for the Playtrail location on Racecoirse Road at nil rental cost. This lease is due to expire in October 2030 and the charity has entered into preliminary discussions with the Education Authority about renewing this lease. While no new lease has currently been agreed, the Board of the charity are confident that the lease will be renewed before it expires in 2030. The charity has also been provisionally awarded capital funding to carry out sustainability improvement work to the Playtrail site and a condition of this funding is that the lease is renewed beyond its current 2030 expiry date. This funding will only be recognised in the accounts once all conditions of the offer have been met and the work has commenced.

Page 23

Liberty Consortium (A company limited by guarantee)

Notes to financial statements for the year ended 31 October 2025

19. Contingent liabilities

Grants received could become repayable in the event that the terms and conditions of the letter of offer are not complied with.

20. Transactions with trustees

1) The directors (trustees) are all voluntary and do not receive any remuneration or expenses in connection with their role on the board.

21. Related party transactions

1) The October 2025 income includes £9,349 (2024:£7,860) from Greater Shantallow Area Partnership (GSAP) in connection with the provision of the play facilities to participants of the Extended Schools Programme and various other services. There are no outstanding balances between the two organisations as at 31 October 2025 (2024:£0). The Playtrail facilities are made available to GSAP on the same terms as all other users. Mr Darren Kirby, a director of the charity, is an employee of GSAP, although he has no involvement in the GSAP Extended Schools programme.

2) There has been no donation contributions generated by Liberty Consortium Enterprises CIC, a trading company owned by the charity, during the past 7 years ended 31 October 2025. The constitution of the CIC requires that all surpluses generated by it are donated to the charity. As at 31 October 2025 debtors include £9,520 (2024:£7,679) owed by the CIC.

3) The October 2025 accounts include costs of £768 (2024:£0) invoiced by the Nerve Centre. As at 31 October 2025 there are no outstanding balances between the two organisations. Mr John Peto, a director of the charity, is also the Director of Education at the Nerve Centre. All transactions between the two organisations occur under normal operating terms.

4) The October 2025 accounts include costs of £0 (2024:£216) charged by Friends of Ardnashee and income of £0 (2024:£200) relating venue hire charged to Friends of Ardnashee. As at 31 October 2025 there are no outstanding balances between the 2 organisations (2024:£200 owed by Friends). Mrs Aine Harnett, a director of Liberty Consortium, is also a trustee of Friends of Ardnashee and is employed by Ardnashee School & College. All transactions between the two organisations occur under normal operating terms.

22. Controlling interest

The charitable company is controlled collectively by the board of directors.

23. Post balance sheet events

1) Despite the National Lottery funding finishing in September 2024, the Board continued to keep the Thrift shop operating throughout the October 2025 using the charitys unrestricted reserves while also attempting to secure new grant funding. However when no new funding was abl to be secured, the Board made the decision to close the shop in April 2026. The closure of the shop resulted in 2 members of staff being made redundant. Any costs relating to the closure of the Thrift shop will be included in the October 2026 accounts. 2) The original 25 year lease entered into with the Education Authority for the Playtrail site is due to finish in October 2030 and in order to assist with new funding applications the Board has commenced preliminary discussions with EA about renewing the lease. While no new lease has been agreed as yet, the Board are confident that a new lease will be agreed well before the 2030 renewal date.

Page 24

Liberty Consortium (A company limited by guarantee)

Notes to financial statements for the year ended 31 October 2025

24. Gross cash flows

Returns on investments and servicing of finance
Bank charges and Interest paid
Capital expenditure
Payments to acquire tangible assets		 2025
£
)
(3,739
)
(9,422		 2024
£
)
(4,820
)
(18,340

25. Analysis of changes in net funds

Opening
balance
£
Cash at bank and in hand
1,759,606
Overdrafts
)
(4,296
1,755,310
Net funds
1,755,310		 Cash
Closing
flows
balance
£
£
201,162
1,960,768
)
(1,131
)
(5,427
200,031
1,955,341
200,031
1,955,341

26. Company limited by guarantee

Liberty Consortium is a company limited by guarantee and accordingly does not have a share capital.

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

27. Limitation of Auditors' Liability

As stated in the letter of engagement dated 01 May 2026 which was signed and approved by the board of directors, the liability of the auditor is limited to the amount of the annual fee.

Page 25

Liberty Consortium

(A company limited by guarantee)

The following pages do not form part of the statutory accounts.

Liberty Consortium (A company limited by guarantee)

Detailed statement of financial activities

For the year ended 31 October 2025

Income
Donations and legacies
Donations
Donations - Exceptional - DC & S DC Mayoral
Grants receivable - National Lottery
Grants receivable - DC & SD Council
Grants receivable - DfC
Grants receivable - DfC Jobstart
Grants receivable - WHSCT
Grants receivable - WELB & EA
Other Grants receivable
Fundraising events
Activities for generating funds
Total income from generating funds
Other income
Other income - HMRC EA
Other income - insurance claim
Total income
Expenditure
Costs of generating funds:
Wages & Salaries - Grants Aided
Employer's NIC - Grant Aided
Grants - Staff - Pension costs
Depreciation & impairment - Grant Aided		 2025
£
£
9,785
56,257
-
-
73,437
1,500
28,911
118,502
39,721
328,113
1,180
1,030,705
1,031,885
1,359,998
10,500
100
10,600
1,370,598
700,109
70,533
39,059
23,712
833,413		 2024
£
£
8,497
5,326
133,878
3,081
69,519
31,961
2,074
109,438
25,825
389,599
-
929,408
929,408
1,319,007
5,000
7,248
12,248
1,331,255
660,934
55,758
31,623
23,226
771,541		 2024
£
£
8,497
5,326
133,878
3,081
69,519
31,961
2,074
109,438
25,825
389,599
-
929,408
929,408
1,319,007
5,000
7,248
12,248
1,331,255
660,934
55,758
31,623
23,226
771,541
771,541

Page 27

Liberty Consortium (A company limited by guarantee)

Detailed statement of financial activities

For the year ended 31 October 2025

Support costs
Rent
Rates and water
Light and heat
Repairs and maintenance
Premises security costs
Insurance
Support - Establishment - Uniforms
Motor and travel costs
Motor vehicle costs
Staff training
Subscriptions and memberships
Telephone and internet
Printing, post and stationery
Computer costs
Advertising and promotion
Depreciation and impairment
Other support costs
Donations
Provision for bad and doubtful debts
Total cost of generating voluntary income
Other operating costs
Project and Activity costs
Fundraising costs
al costs of generating funds		 58,743
2,192
8,640
17,575
1,011
12,025
4,289
1,193
6,783
6,730
2,076
9,431
2,508
5,031
45
7,178
11,459
935
4,431
162,275
995,688
109,072
574
109,646
1,105,334		 54,200
2,479
9,245
45,511
1,598
11,665
1,139
1,996
2,275
4,905
1,914
7,988
3,135
2,829
30
14,540
9,799
1,000
65
176,313
947,854
123,708
268
123,976
1,071,830		 176,313
947,854
123,976

Total costs of generating funds

Page 28

Liberty Consortium (A company limited by guarantee)

Detailed statement of financial activities

For the year ended 31 October 2025

Office expenses - Other
Support costs
Audit and accountancy fees
Support - Professional - Other
Bank interest and charges
Total other costs
Other resources expended
Loss on disposal of tangible fixed assets
Net income/(expenditure) for the year		 2025
£
2
2
4,500
1,716
3,739
9,955
9,957
18
255,289		 2024
£
-
-
4,360
3,075
4,820
12,255
12,255
-
247,170		 2024
£
-
-
4,360
3,075
4,820
12,255
12,255
-
247,170
12,255
-
247,170

Page 29