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← Hillcrest Trust (Top of the Hill) Limited

2025-03-31-accounts

Registration number NI040838

Hillcrest Trust (Top of the Hill) Ltd

(Company limited by guarantee)

Directors’ report and financial statements for the year ended 31 March 2025

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Hillcrest Trust (Top of the Hill) Ltd Company limited by guarantee

Contents

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|||| |---|---|---| |Page| |Legal and administrative information|1| |Directors’ report|2-3| |Independent Examiners Report|4| |Statement of Financial Activities|5| |Balance sheet|6-7| |Notes to the financial|statements|8-14|

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Hillcrest Trust (Top of the Hill) Ltd Company limited by guarantee

Companyinformation
Directors ChristopherJackson
JacquelineMcLaughlin
PatrickMorrison
MarkO'Doherty
Caroline Callan Resigned9June2025
SharonMcLaughlin
SeanMooney
PhilipMcKinney
CaitlinDeeney
Edelle O'Donnell
Secretary JacquelineMcLaughlin
Charitynumber NIC100844/XR82711
Companynumber NI040838
Registeredoffice 10TrenchRoad
Derry
BT47 3UB
Accountants McGroartyMcCafferty&CompanyLtd
Accountants andTax Consultants		 Ltd
2 Carlisle Terrace
Derry
BT48 6JX
Business address 10TrenchRoad
Derry
BT47 3UB
Bankers BankofIreland
27 CulmoreRoad
Derry
BT48 8JB
Solicitors Hasson&Co Solicitors
39 -41 Clarendon Street
Derry
BT489XJ

Page 1

Hillcrest Trust (Top of the Hill) Ltd Company limited by guarantee

Directors' report for the year ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal activity

The principal activity of the charitable company is to deliver on Health & Wellbeing, Education and Learning, Culture and Arts, Physical Regeneration, Community Safety, Farnily Support, as well as working with others to provide youth and preschool services to residents in the Top of the Hill area.

Directors

The directors who served during the year are as stated below:

Patrick Morrison

Mark O'Doherty

Christopher Jackson Jacqueline McLaughlin Caroline Callan Resigned 9 June 2025 Sharon McLaughlin Sean Mooney Philip McKinney Caitlin Deeney Edelle O'Donnell

Structure, governance and management

Governing Document

Hillcrest Trust (Top of the Hill) Ltd is a charitable company, limited with guarantee with no share capital and its governing document is its Memorandum and Articles of Association. Its charitable status is recognised by HM Revenue & Customs and The Charities Commission of Norther Ireland.

Organisational Structure/Recruitment and Appointment of the Board of Directors Hillcrest Trust (Top of Hill) Ltd was established in 001, the charitable company is managed by directors who meet regularly to review activities and plan for future projects. New directors are nominated by current trustees. All of the directors due to their experience and backgrounds are already familiar with the work of the charity.

Risk Management

The directors have a risk management strategy which consists of establishing a system of identifying risks and mitigating such risks. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects.

Financial review

The charity has incurred a surplus in the year of £1,888 (2024 - surplus £13,309), the reserves at the end of the financial year are £212,603. Income and expenditure is expected to vary from year to year depending on funding received and activities organised.

Page 2

Hillcrest Trust (Top of the Hill) Ltd Company limited by guarantee

Directors' report for the year ended 31 March 2025

Mines COntINUED

In the past the directors have agreed that a designated fund would be set up to ensure that 6 months operational costs would be covered in the event of withdrawal or gap in funding. At the beginning of the current financial year the designated fund balance was £175,000. The directors agreed not to transfer unrestricted funds in the current year to the designated fund. Directors will review this annually.

Directors Responsibilities in Relation to The Financial Statements The directors are responsible for preparing the Annual 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 directors to prepare financial statements for each financial year. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the 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 directors are required to:

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to 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.

This report.is prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.

This report was approved and authorised for issue by the Board on 8 July 2025 and signed on its behalf by

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Director Director
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Page 3

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Hillcrest Trust (Top of the Hill) Ltd Company limited by guarantee

Independent Examiner's Report on the unaudited financial statements to the directors of Hillcrest Trust (Top of the Hill) Ltd We report on the accounts of the charity for the year ended 31 March 2024.

Respective responsibilities of charity committee members and examiner

As the charity's directors you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to:

~ examine the accounts under Section 65 of the Charities Act; - follow the procedures laid down in the general Directions given by the Commission under Section 65(9) (b) of the Charities Act; - state whether particular matters have come to our attention.

Basis of Independent examiner's report

We have examined your charity accounts as required under Section 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under Section 65 (9)(b) of the Charities Act.

The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanation from you as charity directors concerning any such matters.

Our role is to state whether any material matters have come to our attention giving us cause to believe: 1. That accounting records were not kept in accordance with Section 386 of the Companies Act 2006. 2.That the accounts do not accord with those accounting records. 3.That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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.

4.That there is further information needed for a proper understanding of the accounts to be reached.

Independent Examiner's Statement

We can confirm that we are qualified to undertake the examination as we are registered as members of Chartered Accountants Ireland which is one of the listed bodies. We have completed our examination and have no concerns in respect of the matters 1 - 4 listed above and, in connection with the following Directions of the Charity Commission Northern Ireland; we have found no matters that require drawing to your attention. : McGroarty BEA ee& Harti Lim\toer Accountants & Tax Consultants 2 Carlisle Terrace Derry. BT48 6JX Date:24 October 2024

Page 4

Hillcrest Trust (Top ofthe Hill) Ltd

Company limited by guarantee

Statement of Financial Activities

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||||||||| |---|---|---|---|---|---|---|---| |for the year ended 31 March 2025|Total|Total| |Unrestricted|Restricted Designated|Funds|Funds| |Funds|Funds|Funds|2025|2024| |Income and Expenditure|£|£|£|£|£| |Incoming Resources| |Voluntary Income|64,653|-|-|64,653|61,947| |Incoming resources from charitable|activities|-|381,954|-|381,954|438,006| |Total Incoming Resources|2|64,653|381,954|-|446,607|499,953| |Resources Expended| |Direct Charitable Expenditure|55,008|374,289|-|429,297|453,527| |Management & Administration|571|14,851|-|15,422|33,117| |Total Resources Expended|3|55,579|389,140|-|444,719|486,644| |Net Incoming / (Outgoing) Resources|9,074|(7,186)|-|1,888|13,309| |Balances brought forward|1 April 2024|26,809|8,906|175,000|210,715|197,406| |Balances|carried forward 31 March 2025|10|35,883|1,720|175,000|212,603|210,715|

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The above amounts relate to continuing operations of the charity.

The charity has no recognised gains and losses other than those included in the results above and therefore no separate statement of total recognised gains and losses has been presented. There is no difference between the net incoming resources for the year stated above and their historical cost equivalents.

Page 5

Hillcrest Trust (Top of the:Hill) Ltd.

Company limited by guarantee

Balance sheet . as at 31 March 2025

2025 2024
Notes £ £ £ £
Fixedassets
Tangibleassets		 7 3,972 8,907
Currentassets
Debtors
Cash atbankandinhand		 8 4,065
245,138		 52,366
177,326
249,203 229,692
Creditors: amounts falling
duewithinoneyear		 9 (40,572) (27,884)
Netcurrentassets 208,631 201,808
Total assets less current
liabilities		 212,603 210,715
Netassets 212,603 210,715
Funds
Unrestricted
Restricted
Designated		 10 35,883
1,720
175,000		 26,809
8,906
175,000
212,603 210,715

The notes on pages 8 to 14 form an integral part of these financial statements.

Page 6

Hillcrest Trust (Top of the Hill) Ltd Company limited by guarantee

Balance sheet (continued)

In approving these financial statements as directors of the company we hereby confirm:

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime in accordance with Charities SORP(FRS 102).

The financial statements were approved and authorised for issue by the board on 8 July 2025 and signed on its behalf by:

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Director Director
Date : 8 July 2025 Date : 8 8 July 2025
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Date : 8 8 July 2025

Registration number: NI040838

Page 7

Hillcrest Trust (Top of the Hill) Ltd Company limited by guarantee

’ ‘

Notes to the financial statements for the year ended 31 March 2025

  1. General information The charity is a private limited company by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 10 Trench Road, Derry, BT47 3UB.

1.1. Accounting convention The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act (Northern Ireland) 2008 and 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 published in October 2019 (SORP 2019) and the Companies Act 2006. " The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to included certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.

1.2. Incoming resources Voluntary 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.

1.3. Resources expended All expenditure is accounted for on an accruals basis as a liability is incurred and has been classified under headings that aggregate all costs related to the category. 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.

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.

Page 8

Hillcrest Trust (Top of the Hill) Ltd Company limited by guarantee

,

Notes to the financial statements for the year ended 31 March 2025

sessseeeeeeeee CONntiNUET

1.4 Tangible fixed assets and depreciation

Leashold properties are stated at cost less depreciation.

Tangible fixed assets classified under the heading equipment, fixtures and fittings are stated at cost less 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:

Fixtures, fittings and equipment - 25% straight line

1.9. Going concern The financial statements have been prepared on a going concern basis as the directors believe that no material uncertainties exist. The directors have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 9

Hillcrest Trust (Top of the Hill) Ltd Company limited by guarantee

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c

Notes to the financial statements for the year ended 31 March 2025

sesetresseeseeeee Continued sesetresseeseeeee Continued
Unrestricted Restricted Total Total
2. IncomingResources Income
2025		 Income
2025		 Funds
2025		 Funds
2024
Incomingresourcesfromcharitableactivities
DepartmentforCommunities
AwardsforAll
CashforKids
NIHE
Waterside CreditUnion
WHSCT
EducationAuthority -Salaries
EducationAuthority-LocalArea
EducationAuthority-WeMatterIntervention
EducationAuthority -YouthEngageSalary
EducationAuthority -PlannedIntervention
EducationAuthority -ExtendedSchools
EducationAuthority-SparksProject
EducationAuthority -MIT
DerryCity&StrabaneDistrictCouncil
BBCChildreninNeed
SEUPB
WNP- GirlsVoiceProject
WNP ~-YouthDiversionaryProgramme
WNP-ConsentualGrantMaking
WNP -OlderPeople
HenrySmith
WatersideNeighbourhoodPartnership
Deeds -OLT
DepartmentofForeignAffairs
PublicHealthAgency -ClearProject
APEX
TheIrelandFund		 £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 £
161,650
7,474
2,440
7,600
185
19,157
87,685
5,143
-
23,875.
5,967
-
-
1,000
14,420
9,338
-
11,420
1,000
1,500
407
-
-
6,080
5,228
4,385
1,000
5,000		 £
161,650
7,474
2,440
7,600
185
19,157
87,685
5,143
-
23,875
5,967
-
-
1,000
14,420
9,338
-
11,420
1,000
1,500
407
-
-
6,080
5,228
4,385
1,000
5,000
- 381,954 381,954 438,006
Voluntary Income
Rentalandotherincome
Bankinterestreceived		 63,337
1,316		 -
-		 63,337
1,316		 61,640
307
Total 64,653 381,954 446,607 499,953

Page 10

Hillcrest Trust (Top of the Hill) Ltd

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Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2025

Jiveeuseeeseeeeees CONtINUED

3. ResourcesExpended Unrestricted
Funds		 Restricted
Funds		 Total
2025		 Total
2024
‘DirectCharitableExpenditure
Salaries&Wages
oO
Programme&YouthExpenses
EducationAuthorityExpenses
GirlsVoiceProjectExpenses
PHA- ClearProjectExpenses
DCSDC -GoodRelations
DCSDC -PCSPExpenses
ApexExpenses
DEEDS OLTExpenses
IrelandFundExpenses
NIHEExpenses
WNP-ProgrammeExpenses
SEUPBExpenses
Community/FestivalFundExpenses
WatersideCreditUnionExpenses
AwardsForAllExpenses
CashForKids Expenses
HenrySmithExpenses
WHSCT- ProgrammeExpenses
DeptofForeignAffairsExpenses		 £
19,572
35,436
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 £
289,380
-
10,369
10,405
4,385
5,427
-
1,000
4,150
5,000
7,600
2,871
-
8,993
185
7,474
2,440
-
9,382
5,228		 £
308,952
35,436
10,369
10,405
4,385
5,427
-
1,000
4,150
5,000
7,600
2,871
-
8,993
185
7,474
2,440
-
9,382
5,228		 £
300,284
36,966
25,763
8,587
7
-
4,900
-
4,234
-
-
1,874
52,000
7,680
-
.
-
7
5,022
6,210
55,008 374,289 429,297 453,527
Unrestricted
Funds		 Restricted
Funds		 Total
2025		 Total
2024
Management&Administration
WaterRates
Insurance
Light&Heat
Repairs&Maintenance
Printing,Postage&Stationery
Professional fees
Telephone
Accountancy
BankFees
GeneralExpenses
Depreciation		 £
-
-
-
-
-
-
-
-
355
216
-		 £
-
2,900
1,566
873
934
-
1,843
1,800
-
-
4,935		 £
-
2,900
1,566
873
934
-
1,843
1,800
355
216
4,935		 £
582
2,167
4,823
8,028
1,652
1,189
2,507
4,513
824
285
6,547
571 14,851 15,422 33,117
Total 55,579 389,140 444,719 486,644

Page 11

Hillcrest Trust (Top of the Hill) Ltd Company limited by guarantee

.

;

Notes to the financial statements for the year ended 31 March 2025

Mtseseereeeeeeee CONTINUED

Restricted Funds

Funds received which are earmarked by the Funder for specific purposes. Such purposes are within the overall aims of the organisation.

Unrestricted Funds

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|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Funds which|are expendable|at the discretion|of the company in furtherance|of the aims|of| |the|charity.|In|addition|funds|may|be|held|in|order|to|finance|capital|investment|and| |working|capital.| |4.|Net Incoming Resources.|2025|2024| |£|£| |Net incoming/ outgoing resources|is|after charging,| |Depreciation and other amounts written off tangible assets|.|4,935|6,547| |5.|Employees| |Number of employees|2025|2024| |The average monthly numbers of employees|Number|Number| |(including the directors)|during the year were:| |20|28| |Employment costs|2025|2024| |£|£| |Wages and salaries|298,382|288,626| |Pension costs|10,570|11,658| |.|308,952|300,284|

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6. Taxation

As a charity, Hillcrest Trust (Top of the Hill) Ltd is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its chargeable objects. Accordingly, no tax charges have arisen in the charity.

Page 12

Hillcrest Trust (Top of the Hill) Ltd

,

Company limited by guarantee

.

‘

Notes to the financial statements for the year ended 31 March 2025

‘

lusenseeineee, CONtNUED lusenseeineee, CONtNUED
Fixtures,
7. Tangiblefixedassets fittingsand
equipment		 Total
£ £
Cost
At 1 April2024		 119,996 119,996
At31March2025 119,996 119,996
Depreciation
At 1 April2024
Chargefortheyear
At31March2025		 111,090
4,935
116,025		 111,090
4,935
116,025
Netbook values
At31March2025		 3,972 3,972
At31March2024 8,907 8,907
8. Debtors 2025
£		 2024
£
GrantsReceivable
Other debtors		 4,065
-		 50,835
1,531
4,065 52,366
9. Creditors: amountsfallingdue
withinoneyear		 2025
£		 2024
£
Deferredincome
Accruals		 34,343
6,229		 24,887
2,997
40,572 27,884

Page 13

Hillcrest Trust (Top of the Hill) Ltd Company limited by guarantee

7

Notes to the financial statements

‘

for the year ended 31 March 2025

secsuereeeeeeee CONtINUE

10. Movements in Funds

Movements in FundsFunds
1April		 At
April2024
£		 Incoming
resources
£		 Outgoing
resources
—
£		 Transfer
£		 .
Longlease
At
property 31March2025
£
£		 .
Longlease
At
property 31March2025
£
£
,
Restricted funds:
Restrictedfunds		 8,906 381,954 (389,140) 1,720
Unrestricted funds:
GeneralFunds		 26,809 64,653 (55,579) -
Totalunrestricted funds 26,809 64,653 (55,579) - - 35,883
Designated funds ‘175,000 - - - - 175,000
210,715 446,607 (444,719) - - 212,603

11. Designated Funds

At the beginning of the financial year the charity had £175,000 of designated funds. Designated funds are to ensure that there are adequate funds to cover six months' operational costs of the charitable company in the event of withdrawal or gap in funding in the future. The directors believe the £175,000 balance included in designated funds is a reasonable amount to cover operational costs for the agreed period.

12. Related party transactions

There were no related party transactions in the year under review.

13. Company limited by guarantee

The company is limited by guarantee and does not havea share capital.

14. Post balance sheet events

No significant events have taken place since the year end that would result in adjustments to 2025 financial information or inclusion of a note thereto.

Page 14