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 MclI￿ath (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 se￿ice 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 ca￿led 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 Othe￿ISe 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 Con￿rn 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 I￿ecover8ble 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 all￿ated 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 (contSn￿tdl
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 (cont1n￿l
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
be￿een 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