LOWER OLDPARK COMMUNITY ASSOCIATION Unaudited Financial Statements Forthe year ended 31 March 2024 Company No: N1635156 Charlty No: NIC100906
LOWER OLDPARK COMMUNITY ASSOCIATION Table of Contents For the year ended 31 March 2024 Page Report of the Truste8S Independent Examinerfs Report Statement of Finan¢ial Activities Balancè Sheet 10 Notes to the Financial Statements
LOWER OLDPARK COMMUNITY ASSOCIATION Report of the Trustees For the year ended 31 March 2024 Administrativ& Information Company Name Lower Oldpark Community Association Registered Address 9-21 Avoca Street Belfast BT14 6EN Company Regislration N1635156 Charity Registralion NIC 100906 Board of Trustees Barb8ra MclIath (Chairl Laurence Hughes (Laura) {Tre8surer) Thomas Dickson (Secretary) James R Wrighl (Honorary Chair) Eleanor Jamison Rosemary Rice Neil Huddleson Ezradin Thabel Company Secretary Janice Beggs Independent Examiners AAB Group Accountants Limited 1-3 Arthur Street Belfast BT14GA Solicitors Hool Law Solicitors Scottish Provident Buitding 17 Donegall Square West Belfasl BT16JH Bank Ulster Bank 11-16 Donegall Sq East Belfast BT15UB
LOWER OLDPARK COMMUNITY ASSOCIATION Report of the Trustees For the year endeij 31 March 2024 The trustees are pleased lo present their report and th6 unaudiled financial statements of the charity for th year ended 31 March 2024. Thè man8gement of Lower Oldpark Community Association is made up of representatives from the local ehurch and nominees from a range of local business, community organisations and nominees from a range of local business, communty organisalions 8nd residents. Mission Statement Our mission is to provide a resourcg which supports and enables residenls to improve tho quality of life of tho neighbouihood. Organtsational Structure Lower Oldpark Community Association (LOCAI has a managemenl ¢ommittee of up to 9 representatives vrfho meet up to ten times per year and are responsible for the strategic direction and policies of the charity. A Schgme ol delegation is in place and the day-to-day responsibility for the provision of the services rests with Centr& Manager along with Project Manager and staff. Affiliated Members The management committee is elected at the Annual General meeting after nominations have been received from the local community and any interested parties. Overview Lower Oldpark Community Association was established in 1972 in response lo identified community need, with the aim of promoting community development and training. In the 1980's the area was subject to redevelopment and many of iesid8nts' homes were vested and to this day have not been adequately replaced. An interface area. we promote community safety, good relations, and urban regeneration of the locality. We operate a community centre and assist in the provision, of other community facilities within the area of b8n&ftt. We focus on social welfare. education, and recreation with the objeclive of improving the conditions of life of residents who live. work, and 50cialise in the community. In the community building we are welcoming and inclusive of all who have an interest in this area. Th8 Association has a vested inlerest in th6 residents. It offers open and accessible programmes lo develop and promote civic value5. and encourage voluntary and community adivity focused on physical, economic and SOC181 renewal. Objèctives The specific objectives of the Centre. as set out in our Articles of Association, are to.. 1. Build a strong. safe. attractive. 8nd sustainablè community. 2. Help families by providing playgroup sessions. increasing the skills levels of parents to help them towards employment. 3. Improve the physical regeneration of the area. 4. Improve community r6lations. 5. Raise educational attainment. 6. Engage young people.
LOWER OLDPARK COMMUNITh ASSOCIATION Report of the Trustees For the year ended 31 March 2024 Objeetlves ctd... 7. Improv8 heallh and wallbeing. 8. Support and Gare for old8r peoplg. 9. Prornolo Community Safety 10. Promote Social welfare Beneflclarles Thg charily's baneficiari8s are thoso individljals living or working within Ihg goographical ¢atchmanl aroa as describad in the governing document of Low9r Oldpark Comtnunily Associalion. LOCA was establi$hod lo promole the benefit of tho community, wilhoul dislincliort of gond8r political, ieligious, or olhar opinions, by the provision of edtjcation, cultural, recreational, training and employment lo irnprove thè qLfality of lifo within our ¢atchmanl area. In pursuil of thesè objectives LOCA delivors several inlerielat@d proj&cls. These are designed lo remove and bleak tho GyGle of doprivalion. reducg and alleviatg poveily Ihat is prevat8nl in the community. The projects includg women and youlh programmes, hgalth and wellb9ing for senior ulizèns projects. recreational aclivilios and the promotion of nèighbourhood iengwal. including physical development. soual dovelopmenl, Gapacily building. education and Iraining. Gommunity safety, Gloss community and good relations work. Reserves Pollcy Rosorvèy arg nooded lo bridgo Ihg gap botwo&n spgnding and receiving incomo, assgnlial expondilur& itoms for which granl support is not availablè, for- unplanned emorg&nGy building repairs. and redundancy payments Ihal would be liable if the AssoGialion is dissolved. The Trustees are of the opinion that Ihg urrenl level of resorves need lo be inGfgased lo adequately covèr all Ihase evenlualilies. Unroslrictèd funds which have not been designated for specific usa should be maintainod al a level of threè lo six monlhs. Key Management Personnel The day-lfvday operational managomenl of LOCA, including all ils programmos. projgGts. and aclivities, is the rospollsibility of The Cenlre Manager, JaniG8 Beggs. As c8niro manager shg currently ieports lo the Trustees and Diréctors. Flnancial Rlsk Management Tha Truslgos conlinug lo regulaFly reviow any major risks arising from or impacting on thè activities of the Charity. They aro salisfiod that Iho major tisks identifi8d hav@ been adoquatèly miligal@d whoro n@c8ssary and consid8r Ihal ihe finanGial systems and controls in place aro appropriate lo th& Size of Ihg charity and the naturè of ils opèrations. Flnance Tho accounls for 202312024 shows a surplus of £2.326 {2023'. deficil of £22.967) R&s8N8s of £100,572 and closing reslrictod reserves of £18,067. Funds received from Inlernalional Fund lor Iraland for Iha Peacg Walls Programmo covers thg salary costs of Pgace Wall Project Workar and part-lime Admin Officer in LOCA and for a Poace Wall Projgcl Worker in Cliftonvillg Community Rogenoralion Forum. Tho Trus19es wish to plaGg on rocord their apprgGiation for the accountancy servicè provided by AAB Group Accounlanls Limited, in relation to LOCA'S financial records and accounts. The Trustges ar gratoful lo LOCA staff mombgrs for Ihoir assislancg in this maller.
LOWER OLDPARK COIAMUNITY ASSOCIATION Report of th8 Trustees For the year ended 31 March 2024 Chair Remarks Our vision for Ihe Ioc81 community is for 8 peaceful, confident. and thriving neighbourhood wherè people Vant to live. and we strive to make that vision a working reality through 8 range of projects and partnerships. The Imagine Shared Space Project developed further over the year, mainly thanks to Project Worker Claire McGuckin 8nd the diligence of Finance worker Sarah Mccann. The cross-communty women's groups goes from strength to strength and a Man's group has now been established. Our aim is to use funding and grant income lo delivef effective programmes, activili8s, and services for looal people. Through funding support from closè partners. such as Small Steps and Belfast City Council, we have been able to deliver classes on Sewing, Furniture Upcycling 8nd Hislory. Visits for our adult groups included th& Gracèhill Settlement, Dan Wlnter's cottag6, Union Theologic81 College, Brownlow House and Clifton st Graveyard. The funding landscap6 is still rocky and we havg had to look carefully at what our cenlre can offer the com rnunity. We lost our Playgroup manager and found it very hard to recNit, despite advertising 4 times. This, ci)upled with the slate of the Early Years sector, low numbers of children attending, and continuing threats to the Pathways Fund, we decided to close al Chrislmas 2023. We would like to thank the staff. some of who had been with us for a long time. and wish tham all the best for the future. We tried lo turn this into 8 Posltive and the funder approved our plan for a Family Interventions Worker and Adele Huddleston started and hit the ground running. surveying the community lo find out what Ihey would like to see happening and she immediately set up a number of services for children of all ages. These projects hav8 b8en very popular and well supported by children and families. We wore struck a severe blow at tho end of the financial year whan the funding for our Housing Support officer w8S Withdrawn without warning. This was a shock and. despite our centre manager lobbying . we could not change the silualion. W& were able to keep the service open unlil we could wind down properly. and have been seeking support lo reinstale tha Servi since. We remain hopeful of some future ahead as this was an invaluablo seice for th8 community and leaves a big gap. LOCA is nol alone is fighting funding culs- the whole Voluntary & Community Sector faces threats and pressures, but the Board and Contre Manag8r continu6 to seek other avenues lo ensure the long-term financial viabilily of the Association and become more iridependent ol government and othor exiernal funding str88ms. Our reserve policy is vital to allow use lo deal with emergencies and contingencies, such as redundancies and rising costs. On behalf of the committee, I would like to acknowledge and th8nk all the funders who have twsted in us and supported our work, and having faith in our financial management and processes over the past year... We could not cary out our work without the dedication of our staff and volunteers and so we need to recognise their continuing conlfibution. I want to Ihank my fellow Committee members for giving freely of their time. their expertis8 and ongoing support. The expertise and experience of our administrator Ellen is key io our ability to meet our commitments, and we want to express our gratitude to Ellon's efficiency and organised way of working.
LOWER OLDPARK COMMUNITY ASSOCIATION Report of the Trustees For the year ended 31 March 2024 Our Cenlre Manag8r who has Ihe responsibility of accossing funding, dovuloping projects and managing staff, continues to Work very hard lo keep all Ihg 'balls in lh8 airf, whi18 also maintaining Ihe association's connection with slalulory, Gommunity and voluntary networks. She also responds lo immediate crisis and Community needs, a very difficult job in the currènt landscape. Dospile a yaar of changus, we remain oplimislic and will devalop a strategic plan Ihat will draw in comments and suggaslions from lh9 people around us so wo can Serva the community in the way they neod and doservè. Appointment of Trustees The Managemonl Commilloe will observe lh8 appoinlmonl of Directors, as sel oul in tho Memorandum of Association, and arrango appropriate induction training. Disclosure of Infomiation to Independent Examlners The Tiustoos who hgld offico al the dale of approval of this trustaes, report confirm that, so far as Ihgy are each aware. Ihgre is no relevanl audil infoitnalion ol which tho Charity's independent gxaminers are unaware,. and each Trus199 has lak8n all the slaps they ought lo have taken as a trustee to make Ihomsglv9s aware of any ralèvanl informalion and lo establish that Iho Chatily's indopendenl examiners are aware of Ihal infoimalion. Statement of Trustee's Responslbllitie5 Charity law requiros tho Irusleos lo pr8parg financial sla19monls for each financial pg¥t(xJ which givo a tfU& andfair viow of tho slate of affair8 of tho charity and of ils financial position al the end of Ihal poriod. In preparing tho8& financial slat9fflenls, Iho trustoes are r&quirad lo.. select suilable accounting policies and apply Ihetn consislenlly.. make judgem&nls and estimates that are feasonable and prudent- state whelheF applicablo aGGounling standards have beon followed subject lo any departures disclos&d and explain&d in the financial slalemenls-, and prepar& th9 financial slatomenls on tho going concem basis unl8ss il is inapproprialo lo prgsume th81 th8 charity will continug in opsration. The Iruslges have ovgrall responsibility for ensuring that the charity has an appropriate sys19m of intefflal onlrols, financial and olhorwisg. They aro also iesponsiblè for keeping proper accounting records which disclose with reasonable accuracy at any lime tho financial position of tho Gharity and lo onabla th9m lo 8nsuro that thg financial slalemonts comply with the Charilios Act {Notthom Irglandl 2008. Th8y aro also rasponsible for safèguarding th8 assets of tho charity and hgnce for taking rgasonablo slaps for the prevontion and detection of fraud and othèr irrogularili@s. Signed of bèhalf of tha trusloes 8 Mcllwrath Dlrector Dalo ° (2ibkniJoi4
Lower Oldpark Community Association Independent Examiner's Report To The Members Year Ended 31 March 2024 I report to the Truslees, on my examination of the financial statements of Lower Oldpark Community Association (the charity) for the year ended 31 March 2024. Responsibilities and basis of report As the Trustees, of Ihe charity (and also ils Directors for the purposes of ¢ompany lawl you 8re responsible for the preparation of the financial statem6nts in accordance with the requirements of Ihe Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity ara not required to bo audited undor Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements caled out under section 65 of the Charities Act 2008 (the 2008 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 65 of the 2008 Act. Independent examiner's statement Since the charitys gross income exceeded £250.000 your examinBr must be a member of a body listed in section 65 of the 2008 Act. I confirm that l am qualified to undertake the examination becaus81 am a member of Chartered Accountants Ireland, which is one of the list8d bodies. I have completed my ex8min8tion. I confirm that no mallers hav8 come to my attention in connection with the examination giving me cause to believe that in any m8teri81 respect. accounting records were not kept in respect of the charity as required by section 386 of tho 2006 Acl: or 2 the financial statements do not accord with those r8cords- or 3 the financial slatements do not comply with the accounting requirements of section 396 of Iho 2006 Act other than any requirement Ihat the accounts give 8 truo and fair view which is not a matter considered as part of an independent examination: or 4 the financial statements have not been prepared in accordance with Ihe methods and principles of the Stat&menl of Recommended Practice for accounting and reporting by charitles applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}.
Lowgr Oldpark Community Association Independent Examiner's Report To The Members Year Ended 31 March 2024 INDEPENDENT EXAMINER'S STATEMENT I have no concerns 8nd have come across no other matters in connection with the examin81ion to whic attention should be drawn in this report in ordor to enable a proper understanding of Ihe financial statements to be reachod. Michael Farrell For and on behalf of AAB Group Accounlants Limited Independent Examiners 1-3 Arthur Street Belfast BTI 4GA Date
LOWER OLDPARK COMMUNITY ASSOCIATION Stat8ment of Financial Acttvities (incorporating an income and expenditure account) For the year ended 31 March 2024 Total Funds 2024 Tolal Funds 2023 Note R6strietèd Unrèstrictsd Incom8 and endowments from: Donations and legacies 6.000 2,825 8,825 12,541 Charitable Activities 259.112 7,710 266.822 262,803 Othar Trading Activities 13,035 13,035 18,351 Investment Income 26 26 88 Total Income and endowments 265,112 23.596 288,708 293.783 Expenditure on". Charitable Activities 1270,130) (16,252) (286,382) (316,750} Total Expendituro (270.130) (16,252) { 286,382) (316,750} Net tneome I18xpenditure) for the year (5,018) 2,326 122,967} Transfers between funds Net movement in funds (5.018) 2.326 (22,967) Reconciliation of funds: Total Funds Brought Forward 14115 23,085 75,161 98.246 121,215 Total Funds Carried Forward 14115 18,067 82,505 100,572 98,248 All income derives from continuing activities, therefore no statement of recognised gains or losses is given. The noles on pages 11 to 19 form p8rt of these financial statements.
LOWER OLDPARK COMMUNITY ASSOCIATION Balance Sheet as at 31 March 2024 Note 2024 2023 Fixed Assets Tangible assets 11 22,713 32,657 Current Assets Deblors Cash at bank and in hand 12 554 79,305 79,859 500 66.331 66,831 Creditors: amounts f811ing due within one year 13 (2,000) (1,240} NET CURRENT ASSETS 77.859 65,591 NET ASSETS 100.572 98.248 R&presenled by". Unrestricted Funds Restricted Funds 14 15 82,505 18,067 75,163 23.085 100,572 98.248 The company is entitled lo the exemption from the audit requirement contained in section 477 of th8 Companies Act 2006. for the year ended 31 March 2024. The directors acknowledge their resp)nsibilities for ensuring that Ihe charity keeps accounting records which comply with section 386 of the Act 8nd for piep8ring financial statements which give 8 true and fair view of the state of affairs of the company as at the ond of the financial year and of ils incoming resources and application of resources. including its income and expenditure. for the financial year in accordance with the requirements of seclions 394 and 395 and which OtheISe comply with the roquirements of tho Companies Act 2006 relating to financial statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financial statements for Ihe year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. These financial ststements were approved by the trustees and authorised for issue and are signed on their behalf by: B Mcllwrath DirectorlTrustee Date Company Regstration No. Nl835156 The notes on pag8s 11 to 19 fomi part of these financial statements. 10
LOWER OLDPARK COMMUNITY ASSOCIATION Not88 to th8 Financial Stat8ment8 for Ihe year ended 31 March 2024 1 ACCOUNTING POLICIES The principal accounting policies adopted. judgements and key sources of 6s1imation uncertainty in the preparation of the financial statements are as follows.. a) Basis of pr6paralion The financial statements have been prepared in accordance with Accounting and Reporting by Charilie&.' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Reublic of Ireland IFRS 1021 (effective 1 Januarw 2019) - (Charities SORP (FRS102)). Lower Oldpark Community Associ8tion meets the definition of a public benefit enlity under FRS 102. AsEets and liabilities are initially recognis8d at historical cost or transaction value un18SS Qth6rwise stat8d in Ihe relevant accounting policy note(sl . b) Preparation of the accounts on a going Conrn basis The trustees are of tho opinion that the charity is a going concern. cl Fund Accounting Genoral funds are unreslriot8d funds which aro 8vai18ble for use at the discretion of the Trusteos in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Dosignated funds comprise unrestricted funds that have been sgt asid6 by the Trustees for particular purposes. General funds may be transferred to designated funds where Tnjstees wish to use these funds for a spftcffic purposg. Such lunds may b8 transferred back to genèral funds once the criteria for the designation have been met or are no longer applicable. Restricted funds 8re funds ¥Nhich ar8 to be used in accordance with specific restrictions imposed by donors or which hav& been raised by the Charity for particular purposes. The cosl of raising and administering such funds are charged against the specific fund. The aim and use of restricted funds is set out in the n¢)t6S to the financial slatemenls. Reslricted funds may only be tr8nsferred to general or designated lunds once the criteria for rastriction have been discharged or no longer apply. d) Income Recognilion Policies Ilems of income are recognised and included in the accounts when all of the followng criteria are met.. The charity has entitlement to the funds. any performance conditions attached to the ilem of income has been m8t or are fully within the control of the Charity" there is sufficiènt certainty that rec61Pt of the income is considered prob8ble- and the amount can be measured reliably. e) Interest Receivable Interest on funds held on deposit is included wh@n receivable and the amount can be measured reliably by the charity- this is normally upon notification of the interest paid or payable by the Bank. 11
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Financial Stst8ment8 l¢tsnllnuedl for the year ended 31 March 2024 1 ACCOUNTING POLICIES I conUn¥¢rti f) Expendilurts and Iecover8ble VAT Expenditure is recognised once there is a leg81 or conslructlve obligation to make a payment to 8 third Paty ti is probablg that Settlement will b8 required and the amount of the obligation can be measured r61iably. Expenditure is classified under the following activity headings- Expenditure on charitable activities includes the costs of supporting refugee families and activities u nder- taken to further the purposes of the charity and their associaled support costs Other expenditure represents those itÈms not falling into any other heading Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. g) Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments wth a short maturity of three months or less Irom the date of acquisition or opening the d8POSit or similar account h) Allocation of support costs Support costs are those functions that assist the work of the chaiity but do not directly undertake charitable activities. Support costs include back office costs, finance. personnel, payroll and govemance costs which support the charivs programmes and activiti8s. These costs have been allocated belw8en cost of raising funds and expenditure on charitable activities. The base5 on which support costs have been allated are sel out in note 8. i) Tangible Fixed Assets Individu81 fixed assets are capilalised at cost and are depreciated over their estitn8ted useful economic lives as follows: Asset Category: Equipment Fixtures & Fittings Buildings Annual Rate 15% Reducing Balance 25% Reducing Balanc6 100kn Straight Line Th6 carrying values of tangible fixed assets are revièwed for impaiment when events or circumstances indicate the carrytng value may not be recoverabla. j) Debtors Trade and other debtors are rocognised at the settlement 8moLtnl due after any tradg discounl offered. Prepayments are valued at the amount prepaid after taking account of any trade discount due. k) Creditors and Provisions CredÉtors and provisions are recognised where the charity has a present obligation resulting from a past 8vent that will probably result in tha transfer of funds lo a third party and tho amounl duè to settle th8 obligation can be maasured or ostimated reliably. Creditors and provisions are normally recognisèd at their settlemenl amount aft8r allowing for any trade discounts due. 12
LOWER OLDPARK COMMUNITY ASSOCIATION Not88 to the Financial Statement8 1¢Olllthued) for the year ended 31 March 2024 1 ACCOUNTING POLICIES ItoTrtlnutrti A¢counting Convenlion The Chartity has taken advantage of the following DisdosLtre 8xemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard Applicable in the UK and Republic of Iroland. the requirements of Section 7 Sla16ment of Cash Flows- the r8quirements of Section 3 Financial Statement Pre5entstion paragraph 3.17{d): the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47. 11.48(a)(iii), 11.48{a){iv>. 11.48(b) and 11.48(c); the requirements of Section 12 Other Financial Inslruments paragr8phs 12.2610 12.27. 12.29{a>, 12.29lb) and 12.29A. l) Financial Instruments Finsnci81 liabilities and equity instrum6nts are classified according to th6 substance of the contractual arrangaments entered into. An equity instrument is any contract that evidenc&s a residual interest in th6 assels of the entity after deducting all of its financial liabilities. Where the contr8clual obligations of financial instruments (including share capit811 are u1valent to a sirnjlar debt instrument. those financial instruments are classed as financial liabilities. Finan¢ial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating lo financial liabilitie& are induded in the profit and loss account. Finan costs are calculated so as lo produce a constant rate of return on the outstanding liability. Where the contractual tems of share capilal do not have any terms meeting the definition of a financial liability then Ihis is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. m} Pensions The company operates a defined contribution pension scheme. Contributions are charged in the statement of rinancial activities as they become payabl8 in accordance with the rules of the schem&. n) Taxation The company is 8 registered charity and the charitabl8 tax exemptions are therefore being claimed to the extent Ihat income andlor gains are applicable and applied to charitable purposes only. These exemplions will remain in place as long 85 income and expenditure is applied to charilable purposes only. o} Critical accounting estimates and judgements In the application of the charitys accounting policies, the trustees are required to make judg8ments. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historic81 experience and other factors that are considered to be relevant. Aclual rèsults may differ from these estimates. 13
LOWER OLDPARK COMMUNITY ASSOCIATION Not88 to the Financial Stataments (contSntdl for the year ended 31 March 2024 The estimates and underlying assumptions are reviewed on an ongoing basis. R6visions to accounting estimates are recognised in the period in which thè aslimate is revised where the revision affects only that period. or in the peritxl of the revision and future pericKls where the revision affects both current and future periods. 2 Legal Status of thè Charity The charity is registered with HMRC {X0740187) and Northern Irelgnd Charity Commission (NIC10090e 3 Income from donations Total Funds Total Funds 2024 2023 Unrestricted Restricted Donations Belfast City Council Belfast Health and Social Care Trust Education Authority Ulster Scots Relief Fund Beal Camival Nl Aternatives 1,323 1,015 1,323 1.015 725 451 105 6,000 716 460 4,084 12.541 6,000 6.000 487 487 2.825 6.000 8.825 The income from donations received in 2023 of £12,541 were split £6.716 restricted and £5,825 unrestricled. 4 Income from Charitable Activities Total Funds Total Funds 2024 2023 Unrestricted Restricted Depertment of Soci81 Development Northern Ireland Housing Executive Pathwey Fund - Early years DFC- Small Steps IFI - Peace Walls Programme Belfast City Council Community foundation Nl HSCB - Belfast Childcare Partnership Radius Housing Association Lottery fund Womens Tec Shankill Womens Centre 69.787 31.221 22,257 69,787 31.221 22,257 1,040 113,034 24,206 79.495 30,609 29.g85 1.040 5,160 107,874 24,206 97,081 20,435 3.000 1,698 500 175 175 3,787 3.767 1,000 335 266,822 1,000 335 7,710 259,112 262.803 Charitable incoma received in 2023 of £262,803, were split £232.818 restricted 8nd £29.985 unrestricted. 14
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Financial Statem8ntS (cont1nl for the year ended 31 March 2024 5 Income from Other trading Actfvlties Unrestrictsd Total Funds Tot41 Funds Funds 2024 2023 Pleygroup Fees 13.035 13,035 18,351 13.035 13,035 18,351 Playgroup fees received in 2023 was made up of unreslricted.. £18,351 and restricted £nil. 6 Results for tho period The results for Ihe period has been arrived at after ¢harging the following.. 2024 2023 Depreciation 11,122 11,934 7 Analysi5 of expenditure on charitable activities: Total Funds Total Funds 2024 2023 Unrestricted Restricted Progr8mme Costs Direct Salaries & Wages Direct Pensions Support Costs (see Note 8) Governance Cosls {see Nolg 8) 699 24.654 165,386 9,183 67.137 3,770 25,353 165,386 9.183 82,690 3,770 74.360 143.479 10.543 85.988 2.400 15.553 16,252 270,130 286.382 316,750 Expenditure on charitsble activities in 2023 was made up of restricted £242.251 and unrestricted: £74.499. 8 Analysis of governance and support costs: The charity initially identifies the costs of it5 SUPPOrt functions. It then identifies thos8 costs which relate to th8 governance function. Governance costs and other support costs are apportioned s8par8lely beeen the chaiitable activity undertaken in the period. Refer to the table over the page for the basis for apportionmènt and analysis of support and governanc8 costs 15
LOWER OLDPARK COMMUNITY ASSOCIATION Not88 to the Financial Statements ieoThtlnu•dl for the year ended 31 March 2024 8 Analysis of governance and support costs: Icontlnuedl General Support Governance Function Total Funds Tot•1 Funds Unreslrictad Restricted Unrestric18d Restricted 2024 2023 Salarios & Wages Rates & Water Light & Heat Insurance Repairs & Maintenance Legal & Professional Fees Office Expenses Room Hire Equipment Depreciation Cleaning Sundry Bank Fees Travel & Subsist8nc8 Subscriptions Telephone Accountancy CompLtter expenses pps 26,184 295 5,245 2.863 5,006 2.000 2.301 26,184 295 6,702 2,863 5,418 2,000 3,862 204 2.678 11,122 346 8.290 27,017 270 8,456 3,732 1,079 7,950 6,941 371 5,353 11,934 304 3.889 340 4,709 296 2,176 2.400 22 1,130 1,457 412 1,561 2.678 4,400 37 489 6.722 309 7.820 2,981 3.898 541 3,953 6.879 541 3,953 3,770 80 1,274 3,770 80 1,274 15,553 67.137 3.770 86,460 88.369 g Analysis of staff costs.. 2024 2023 Salaries and W8ges Employ6rs National Insurance Pensron 162,871 28,699 9.183 200.753 146.002 24,494 10.543 181.039 The average number of employees, calculaled on a full-time equivalent basis. analysed by function was: 2024 Number 2023 Number Charitable 8Ctivities Management and administration of th8 charity 11 11 There were no employees with emoluments greater than £60.000. 16
LOWER OLDPARK COMMUNITh ASSOCIATION Notes to the Financial Statements IcontlnuRd} for the year ended 31 March 2024 10 Related Party Transactions The charity was under the control of the board of truslees through out the year. The charsty Trustees ere not paid or rec6ived any b8nefils from 6mployment with the charity in the year, neither were they r6imbursed expenses during the year. Any connection belween a Trustee or senior manager of the charity with org8nisations the charity works wslh musl be disctosed to the full Board of Trustees in the same way &s any other conlr8Ctual relalionship with a relaled party. During ths period Low8r Oldpark Community Association did not 6nter into any transactions with related parties. 11 Tangible Fixed Assets Equipment Fixtures & Fittings Buildings Tot•1 Cosl: Cost at 1 April 2023 Additions Disposals 29.420 69.295 1,178 67,219 165,934 1,178 As ai 31 March 2024 29,420 70,473 67,219 167,112 Depreciation: Depreciation at 1 April 2023 Depreciation on Disposals Charge for the period 29,172 53,019 51,086 133,277 37 4,363 6.722 11,122 As at 31 March 2024 29,209 57.382 57,808 144,399 Net Book Value At 1 April 2023 248 16.276 16,133 32.657 As at 31 March 2024 211 13,091 9.411 22.713 12 Debtors 2024 2023 Grants Receivable 554 500 554 500 17
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Financial Statements for the year ended 31 March 2024 13 CrodltOTS: amounts félllng due wlthln on8 year 2024 2023 AccNal8 & Deferreo Income 2.000 2,000 1,240 1.240 14 Analys1$ of Moveménts In Unrastrlcted Funds Fund5 as at I Incomlng Resourcos Transfers ApTII 2023 ResouTce5 Expended Betwepn Fund5 Funds as at 31 March 2024 General Fund 75,161 23,596 116,252} 82.505 Totsl 75.161 23,596 116.2521 82,505 Nam• of Unrgstrlct•d Fund Genefal Fund D•scrlptlon, nature and purposès of the fund The Yree reserves. after allowino for all desiqnaled frjnds 15 Anatysls of Movements In Restrlcted Funds Funds as at 1 Incomlng Rgsources Transfgrs Funds as at 31 Aprll 2023 Resources Expend9d Betweon Funds March 2024 Restricted Funds Housing Execullve Bltllding Fund IFI - Peace Walls Proqramme Department for Communlties Summer Intervention AssoGlalion BCC Sumffler project BCC revenue qrarFt BCC GO[ Relallons BCC Wellness PTogf8mme BCC Park event Community Fundlr¢ Radlus House Early Years Proor8tnme Nl Lottery Fund Total 15 15,863 31,221 131.3551 {6,7221 11191 9,141 3,230 107,874 69,787 6.000 2,500 14,645 3.200 1.500 2,361 (104.1361 170,884) 16.0001 12,5701 114,4311 {3,5131 11.5051 12,361) 6.968 11,0981 970 901 214 13131 151 3,000 3,000 22,257 3,767 265,112 122,8601 13,7931 {270,1301 16031 1261 18.067 23.085 18
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Financial Statem6ntS for the year ended 31 March 2024 15 Analysis of Movements in Reslrictad Funds Icontlnued Department of Soclal Development (DSD) The Department of Social Developmenl provides funding for the Crumlin Ward Inltiative which The Wino Cenlre is the lead partner responsible for allocating the fund5. Houslng Executlve The Northern Ireland Housing Executive provided funding for salary costs to support Lower Oldpark Community Association in their charitable objectives. IFI - Peace Walls Programme The Peace Wglls Programme is funded by the International Fund for Ireland to provide support to Lower Oldpark Association {188d partner) and Cliftonville Community Regeneration Forum in developing community relationships. (Transfers to unrestricted funds were in relation to m8nagem8nl fees and office rentsl provided by Lower Oldpark Community Associalion to facilitatè for the programmg). BCC Modular Bullding Fund Belfast City Council provided funding for Ihe charity to build a new modular building on sit6 for use of tha charity. The building was capitalised so the fund will be claared by depreciation each period. 16 Analysis of net assets between funds General Fund R6stricted Funds Total Tangible Fixed Assets OEher Current Assetsl(Liabilities) 13.572 68,934 9,141 8.926 22.713 77,859 82,505 18,067 100.572 19