LOWER OLDPARK COMMUNITY ASSOCIATION Unaudited Flnancfal Statements For the year ended 31 March 2025 Company No: N1635156 Charlty No: NIC100906
LOWER OLDPARK COMMUNITY ASSOCIATION Table of Contents For the year ended 31 March 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements 11-19
LOWER OLDPARK COMMUNITY ASSOCIATION Report of tho Trustees For the year ended 31 March 2025 Admlnlslratlve Infomiatlon Company Name Lower Oldpark Community Assoclatlon Reglstered Address 9-21 Avoca Street Belfast BT14 6EN Company Registration N1635156 Charity Registration NIC 100906 Board of Trustees Barbara Mcllwrath (Chair) Laurence Hughes (Laura) (freasurer) Thomas Dickson (Secretary) James R Wright (Honorary Chair) Eleanor Jamison Neil Huddleson Peter Edwards Loma Osbome Company Secretary Adele Huddleson Independent Examiners AAB Group Accountants Limited 1-3 Arthur Str88t Belfast BT14GA Solicitors Hool Law Solicitors Scottish Provident Building 17 Donegall Square West Belfast BT16JH Bank Ulster Bank 11-16 Donegall Sq East Belfast BT15UB
LOWER OLDPARK COMMUNITY ASSOCIATION Report of the Trustees For the year ended 31 March 2025 The trustees ar8 p188sed to present their report and the unaudlted financial statements of the charity for the year ended 31 March 2025. The management of Lower Oldpark Communlty Association is made up of representatives from the local church and nominees from a range of local business, community organlsations and nominees from a range of local business. communty organisations and residents. Mlsslon Statement Our mission is to provide a resource which supports and enables residents to improve the quality of life of the neighbourhood. Organtsatlonal Structure Lower Oldpark Community Association (LOCA) has a management committee of up to 9 representatives who meet up to ten times per year and are responsible for the strategic direction and policies of the charity. A scheme of delegation is in place and the daY-tdaY responsibility for the provision of the services rests wtth Centre Manager along with Project Manager and staff. Affiliatsd Members The management committee is elected at the Annual General meeting after nominations have been received from the local community and any interested parties. Overvlew Lower Oldpark Community Association was estsblished in 1972 in response to identified community need. with the aim of promoting community development arKI training. In the 1980's the area was subject to redevelopment and many of residents. homes were vested and to this day have not been adequately replaced. An interface area, we promote community safety. gofxl relations. and urban regeneration of th8 localty. We operate a community centre and assist in the provision. of other community facilities within the area of b8nefit. We focus on social welfa. education. and recreatron with the objective of improving the conditlons of life of residents who live. work, and socialise in the community. In the cornmunty building we are welcoming and inclusive of all who have an interest in this area. The Association has a vested interest in the residents. It offers open and accessible programmes to develop and promote civic values. and encourage voluntary and community activty focused on physical. economic and social renewal. Strateglc Alms To work In partnership wlth communltles and voluntsry organlsations to achleve social change and to promote the rights of those most disadvantaged and excluded in our soclety.
LOWER OLDPARK COMMUNITY ASSOCIATION Report of the Trustees For the year ended 31 March 2025 Objectlves The specific objectives of the Centre, as set out in our Articles of Association, are to: 1. Build a strong, safe, attractive, and sustainable community . 2. Help families by providing plays6ssions, increasing the skills level of parents to help them towards employment", 3. Improve the physical regeneration of the area; 4. Improve community relatlons; 5. Raising educational attainment; 6. Engaging young people: 7. Improving health and wellbeing; 8. Support and care for older people" 9. Promote community safety, 10. Promote social welfare. Beneficlaries The charitrfs beneficiaries are those individuals living or working within the geographical catchment area as described in the goveming document of Lower Oldpark Communty Association. LOCA was established to promote the benefit of the community. without distinction of gender political, religious. or other opinions. by the provision of education, cultural. recreational. training and employment to improve the qualty of lrfe within our catchment area. In pursuit of these objectives LOCA delivers several interrelated projects. These are desÈgned to remove and break the cycle of deprivation. reduce and alleviate poverty that is prevalent in the community. The projects include women and youth programmes, health and wellbeing for senior citizens projects, recreational acttvities and the promotion of neighbourhood renewal, including physical development, social development, capacity building, education and training. community safety, cross community and good relations work. Reserves Policy Reserves are needed to bridge the gap bebween spending and receiving income, essential expenditure items for which grant support is not available. for; unplanned emergency building repairs. and redundancy payTnents that VUld be liable if the Association is dissolved. The Trustees are of the opinion that the current level of reserves are adequate. Key Management Personnel The day-trHlay operational management of LOCA, including all its programmes, projects, and activities, is the responsibility of The Centre Manager, Andrea Madden. As centre manager she currently reports to the Trustees and Directors. Financial Risk Management The Trustees continue to regularly revlew any major rtsks arising from or impacting on the activities of the Charity. They are satisfied that the major risks identified have been adequately mitigated where necessary and consider that the financial systems and controls in place are appropriate to the size of the charity and the nature of its operations.
LOWER OLDPARK COMMUNITY ASSOCIATION Roport of the Trustsas For the year ended 31 March 2025 Flnancial Revlaw The accounts for 202412025 shows 8 deflcit of £41,407 (2024: surplus of £2,326) ReseNes of £59.165 and closing restricted reseTves of £16,824. The below polnts should be noted in respect of the financial perfomiance during the year: . The drop in unrestrlcted income particularfy the loss of playgroup fees and legacy DFC funding is the primary drFver of the deficit. . Restricted funds were spent appropriately and matched to programme delivery. . Staff costs were significantly rUced. and programme costs increased in line with n8w restricted grants. . Depreclation and asset treatment appear sound. and cash reserves remain healthy. . £10,000 returned to DFC was for a funded job role that was no longer needed after an employee left LOCA. . The IFI money was transferred over to our Lead Partner {CCRF) DEC 2024. The Trustees wish to place on record their appreciation for Ihe accountancy Servi provided by AAB Group Accountants Limited. in relation to LOCA'S financial records and accounts. The Trustees are grateful to LOCA stsff members for their assistance in this matter. Report on Impact of Charity's Work Our charity delivers a wide range of arts, heritage, and community programmes that strengthen belonging creativity, and resilience in Lower Oldpark. By spanning early years, children's. youth. and adult provlsion. we create safe and inclusive spaces where people of all ages can connect, leam. and thrive. Every activity is rooted in dignity, inclusion. and local heritage, helping participants to build confidence and prÈde in their community. Families with children aged (H benefit from the Parent and Toddler Group and the Mess Makers Sensory Play sessions, which encourage early development, strengthen parental bonds, and reduce isolation for caregivers. Parents report reassurance and a sense of belonging, whi18 children gain opportunities to explore, play. and leam in a safe environment. For children aged 5-11, the After Schools Programme off8rs homework support. sports and games, art, dance and a dedicated Children's Book Club. This combination of academic and creative actlvities helps children to develop positive routines, improve attainment. and build confidence. Alongside this, the Junior Youth Drop-ln provides a welcoming space where children can socialise, fom frtendships, and take part in activities that support their emotional wellbeing. Young peopl8 aged 12-17 are supported through the Senior Youth Drop-ln, which provides mentoring. recreation, and social connection, and th8 Senior Youth Personal Development Programm8, which builds leadership and rèsilience. The EA Planned Intervention Programme delivers targeted support for those at risk of disengagernenL improving attendance, behaviour. and mottvation. Seasonal initiatives such as the Summer Diversionary Programme and the BeActive Summer Scheme ensure young people have constructive opportunities during school holidays. Adults benefrt from the Employment Support Clinic, which builds pathways into work. while the Women's Group provides connection,18aming. and empowemient. Good Relations programmes encourage dialogue. mutual respect. and shared community pride. In summary, our charfty irnproves lives and delivers wider societsl gains in educatlon, wellbeing, safety, and communlty connection.
LOWER OLDPARK COMMUNITY ASSOCIATION Report of the Trustees For the year ended 31 March 2025 Appolntment ol TrustewJ The hhanagement Committee will observe Ihe appoinlm8ni of Directors, as set out in the Memorandum of Associatlon, and arrange appropn'ate Inductlon trslning. Dlsclosure of Infornmtlon to Indendant Examlners The Trustees who held office at the date of approval of this trustees, report conflmi that. so far as Ihey are each aware, there is rx) relevanl audit informalion of which Ihe Charitys independent exarnlners are unaware; and each Trustee has taken all the steps they ought to have taken as a trustee lo make themselves aware of any relevant information and to establlsh Ihat the Charltys Independent examSners are aware of that infomiatS0n. Statement of Trustee's Responslbllltles Charily law requires the Irustees to prepare financial statements for each financlal peflod whlch give a true andfair vlew of the state of affairs of the charity and of Its financial position at the end of Ihal period. In preparing these financial statements, the trustees are required to.. select suitable accounting polides and apply them consistently; make judgements and estimates that are reasonable and prudent: slate whether applicable accounting standards have been followed subject io any departures disclosed arKI explained in the financial statements: and prepare the financial statements on the going concern basis unless it Is In8pproprkile to presume that the ch*&ty wlll continue in operation. The trustees have overall responsibility for ensuring that the charity has an approprlate system of intemal conlrols, financial and otherwise. They are also responsible for keeping proper accounting records wttich disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financlal slalements comply with the Charlties Acl (Northem Ireland) 2008. They are alg) responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and delection of fraud and olher irregularities. Signed of behalf of the Trustees ?s. B Alcllwrat Dlrector Date
Lower Oldpark Communlty Associatlon Independent Examinerfs Report To The Members Year Ended 31 March 2025 I report to the Trustees, on my examinatlon of the financial ststements of Lowgr Oldpark Communlty Assoclatlon (the charity) for the year ended 31 March 2025. Respon81bllltles and basls of report As the Trustees, of the charity (and also its Directors for th8 purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the finaneAal statem8nts of the charity ar8 not required to b8 audited under Part 16 of the 2006 Act and are eligible for independent 8xamination, I report in respect of my examination of the charity's financial statements carried 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 ACL Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. I confimi that l am qualified to undertake the examination because l am a member of Chartered Accountants Ireland, which is one of the lisl&d bodies. I have completed my axamination. I confimi that no matters have come to my attention In connection with Ihe examlnation giving me cause to believe that in any material resped: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or 2 the financial statements do not accord with those records- or 3 the financial statements do not comply with the ac¢ounting requirements of section 396 of the 2006 Act other than any requirement that the accounts giva a true and fair view which is not a matter consÉdered as part of an independent 8xamination; or 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Lower Oldpark Community Assoclatlon Independent Examinerfs Report To The Members Year Ended 31 March 2025 INDEPENDENT EXAMINER'S STATEMENT I have no concems and have come across no other matters in connectlon wtth the examination to which attention should be drawn in this report in order to enable a proper understanding of the financi* statements to be reached. Michael Farrell For and on behalf of AAB Group Accountants Limited Independent Examlners Arthur Street Belfast BTI 4GA Date
LOWER OLDPARK COMMUNITY ASSOCIATION Statament of Flnancial Actlvltles (incorporating an income and expenditure account) For the year ended 31 March 2025 Total Funds 2025 Total Funds 2024 Note Restricted Unrestrlcted Income and endowments from: Donations and legacles 5,668 3.527 9.195 8.825 Charltable Actlvltles 238.539 145 238.684 268,822 Other Tradlng Activltles 13,035 Investment Income 188 188 26 Total Income and endowments 244,207 3.860 248,067 288,708 Expendlture on: Charitable Actlvltles (257.588) (31,886) (289,474) (286.382) Total Expenditure { 257.588) (31.886) (289,474) { 286,382) Net Income l {expendlture) for the year (13.381) (28.026) (41.407) 2,326 Transfers between funds 12,138 (12.138) Net movament In fvnds (1.243) (40,164) (41,407) 2,326 Reconciliation of fiinds: Total Funds Brought Fonvard 14115 18.067 82.505 100.572 98.246 Totsl Funds Carrled FoNard 14115 16.824 42.341 59.165 100,572 All income derives from COnnuing activities, therefore no statement of recognised gains or bsses is given. The notes on pages 11 to 19 fonn part of these financial statements.
LOWER OLDPAAK COMMUNITY ASSOCIATION Balancè Shoot as al 31 March 2025 Not• 2026 2024 Flxod Assots Tangible assets 11 13.729 22.713 Current As8•t4 Debtors Cash al bank and in hand 12 554 79,305 79,859 47.696 47.696 Crndltors: amounts falling due wrthin one year 13 (2.260) { 2.000) NET CURRENT ASSErs 45,436 77.859 NET ASSETS 59,165 100,572 Represented by: Unrestrlcted Fund$ Ro$trl¢ted Fund• 14 15 42.341 16,824 82.$05 18.067 59,165 100,572 The company is entitled to the exemption from the audtt requlrement contained section 477 of the Companies Act 2006. for the year ended 31 March 2025. The directors acknowledge Ih8lr responsibilities for ensuring that the charity keeps accountiTh3 records which COmY wilh section 386 of the Act and for preparing finandal slatemenls whlch give a true and fair view of the slate of affairs of the Company as al the erKI of Ihe flnancial year and of its incoming resources and application of reSreeS, induding its incowA and expenditure. for the financial year In aco)rdance with the requirements ol sections 394 and 395 and whlth olherwise comply wilh the requirements of the Companies Act 2006 relating to flnancial statements, so far as applicable to the company. The members have not required the company lo obtain an audit of ils financial stslements for the year In quesllon In acc0fdan with Section 476. These financial Stalennts have been prepared In acCI)rdCe with the provlstons ap1¢able to companies subjecl lo the small cotrpanies regime. These flnancial slataments were approved by Ihe truslees and aulhorised for issue and are svJned on their behalf by.. B Mcllwrath Dlrectorrrruste• Company Regstration No. N1635156 The notes on pages 11 to 19 fomi part of these flnancial slalem9nls.
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Financlal Statements for the year ended 31 March 2025 1 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: a) Basis of preparation The financial ststements have been prepared in accordance Accounting and Reporting by Charities." ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporling Standard applicable in the UK and Reublic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS102)). Lower Oldpark Community Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are inltially recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy note(s) . b) Preparation of the accounts on a going concem basis The trustees are of the opinion that the charity is a going concem. c) Fund Accounting General funds are unrestrfcted funds which 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. Designated funds comprise unrestricted funds that have been set aside by the Twstees for particular purposes. General funds May be transfeTTed to designated funds where Trustees wish to use these funds for a specific purpose. Such funds may be transfarred back to general funds On the criteria for the designation have been met or are no longer applicable. 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. The aim and use of restricted funds is set out in the notes to the financial statements. Restricted funds may only be transferred to general or designated funds once the critoria for restriction have been discharged or no longer apply. d) Income Recognitlon Policies Items of incom8 are recognised and included in the accounts when all of the following crit8ria are met: • The charity has entitlement to the funds; ' any performance conditions attached to the item of income has been met or are fully wlthin the control of the charity. • there is sufficient certainty that receipt of the income is considered probable. and the amount can be measured reliably. e) Interest Receivable Interest on funds held on deposit is Included wh8n receivable and the amount can be measured reliably by the charity; this Is nomially upon notlfication of the interest paid or payable by the Bank.
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Flnancial Statements for the year ended 31 March 2025 1 ACCOUNTING POLICIES fj Expendlture and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is dassified under the foilowtng activity headings: • Expenditure on charitable activities includes the costs of supporting refugee families and actimties under taken to further the purposes of the charity and their associated support costs • Other 8xpendlture represents those items 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 with a short maturity of three months or16ss from the date of acquisition or opening the deposit or similar account h) Atlocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activlties. Support costs include back office costs. finance, personnel. payroll and governance costs vthich support the charitys programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 8. i) Tangible Fixed Assets Individual fixed assets ar8 capitalised at cost and are depreciat8d over their estimated useful economi¢ lives as follows: Asset Category: Equipment Fixtures & Fittings Buildings Annual Rate 150A Reducing Balance 25°A Reducing Balance 100/0 Straight Line The carrying values of tangible fixed assets are revi8wed for impairm8nt when events or Circumstances indicate the carying value may not be recoverable. j) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discount due. k) Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result In the transfer of funds to a thlrd paty and the amount due to settle th8 obligation can be measured or estimated reliably. Creditors and provisions are normally recognlsed at their settEement amount after allowing for any trade dlscounts due. 12
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Financlal Statements ItaFthwd) for the year ended 31 March 2025 1 ACCOUNTING POLICIES Accounting Convention The Chartity has taken advantage of the following Disclosure exemptions in preparing these financial statements. as permitted by the FRS 102 "The Financial Reporting Standard Applicable in the UK and Republic of Ireland. . the requirements of Section 7 Statement of Cash Flows; . the requirements of Section 3 Financial Statement Presentation paragraph 3.17{d); . the requirements of Section 11 Finanaal 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 Instruments paragraphs 12.26 to 12.27. 12.29{a). 12.29{b) and 12.29A. l) Financial Instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entty after deducting all of its financial liabilities. Where the contractual obligations of financlal instruments (in¢luding share capital) are equivalent to a similar debt instrument. those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are Calculated so as to produce a Constant rate of retum on the outstanding liability. Where the contractual terms of share capital do not have any tenns meeting the definition of a financial liablllty then this is dassed as an equity instrument. Divid8nds and distributions relating to equity Instruments are debit8d direct to equity. m) Pensions The company operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the wles of the scheme. n) Taxation The company is a regist8red charity and the charitable tax exemptions are therefore being daimed to Ihe extent that income andlor gains are applicable and applied to charitabl& purposes only. These exemptions will remaln In place as long as Income and expenditure is applied to charitable purposes only. o) Critical accounting estimates and judgements In the application of the charity's accounting policies. the trustees are required to make judgements. estimate5 and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. Th8 estimates and associated assumptions are based on historFcal experfence and other factors that are considered to be re18vant. Actual results may differ from these estimates. 13
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Financlal Statements leath) for the year ended 31 March 2025 The estimates and underlying assumptions are reviewed on an ongoing basis. Revistons to accountlng 8Stlmates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the perlod of the revision and future periods where the revision affects both current and future periods. 2 Legal SL*us of the Charlty The charity Is registered with HMRC (X0740187) and Northem Ireland Charity Cornmission (NIC10090f 3 Income from donatlons Total Funds Totsl Funds 2025 2024 Unrestrlcted Restrlctsd Donations Belfast City Council Education Authority Ulster Scots Relief Fund 193 3.334 193 3.334 5.668 1.323 1,015 5.668 487 8,825 3.527 5,668 9.195 Th8 income from donations received in 2024 of £8,825 were split £Nil restricted and £8.825 unreslricled. 4 Income from Charltsble Activities Total Funds Total Funds 2025 2024 Unrestricted Restricted Departm8nt of Social Development Northem Ireland Housing Executive Pathway Fund- Early years DFC- Small Steps IFI - Peace Walls Programme Belfast City Council Belfast Charitable Society HSCB - Belfast Childcar8 Partnership Intemational Fund Lottery fund Vine Centre Womens Tec Shankill Womens Centre The Bytes Project 69,787 31.221 22.257 1,040 113.034 24,206 1.485 22,714 15.000 1.485 22,714 15.000 175 109.598 12,000 76.491 109.598 12,000 76.491 3,767 1,000 335 145 145 1,250 238.684 1,250 238.539 145 266,822 Charitable incorne received in 2024 of £266,822. Vre Split £259.112 restricted and £7,710 unrestrlcted. 14
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Flnancial Statements (Conthd) for the year ended 31 March 2025 5 Incom• from Other tradlng Actlvltles Unrestrlcted Total Funds Total Funds Funds 2025 2024 Playgroup Fees 13.035 13.035 Playgroup fees received in 2024 was made up of unrestricted". £13,035 and restricted £nil. 6 Results for the perlod The results for the period has been arrived at after charging the following: 2025 2024 Depreciation 10.175 11.122 7 Analysls of expendlture on charltable actlvltles: Total Funds Total Funds 2025 2024 Unrestrlcted Restrl¢ted Prograrnrne Costs Direct Salaries & Wages Direct Pensions Support Costs (see Not8 8) Govemance Costs (see Note 8) 1.809 97.378 106.378 6,861 44.657 2,314 99,186 106,378 6,861 74,734 2,314 25,353 165.386 9,183 82,690 3,770 30.077 31.886 257,588 289.474 286.382 Expenditure on charitable activities in 2024 was made up of restricted £270,130 and unrestrtcted: £16,252. 8 Analysls of governanc8 and support costs: The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the govemance function. Governance costs and other support costs are apportioned separately between the charitable actlvity undertaken in the period. Refer to the table over the page for the basis for apportionment and analysls of support and governance costs. 15
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the FSnanclal Statements for the year ended 31 March 2025 8 Analysls of governance and support costs: leoThllnu•dl General Support Govemance Functlon Totsl Funds Total Funds Unrestricted Restricted Unrestricted Restricted 2025 2024 Salaries & Wages Rates & Water Light & Heat Insurance Repairs & Maintenance Legal & Professional Fees Office Expenses Room Hire Equipment Depreciation Cleaning Sundry Bank Fe8S Travel & Subsistence Subscriptions Telephone Accountancy Computer expenses pps 28.341 28,341 149 6.573 3.462 1,487 2.368 26.184 295 6,702 2,863 5.418 2,000 3.862 204 2,678 11,122 346 8.290 149 6.573 257 3,205 1,003 2,368 482 3.453 6.722 10.175 10.606 223 3,429 543 10,606 223 5.410 543 1.367 2,314 2,038 1.510 77,048 1.981 6.879 541 3.953 3.770 80 1,274 86,460 1,367 2.314 2.038 1,510 30,077 44,657 2,314 9 Analysls of staff costs: 2025 2024 Salaries and Wages Employers National Insurance Pension 110.748 23.971 6.881 141.580 162,871 28,699 9.183 200,753 The averag8 number of employees, calculated on a full-tim8 equivalent basis, analysed by function was: 2025 Number 2024 Number Charitable actlvlties Management and administration of the charity 11 There were no employees wlth emoluments greater than £60,000. 16
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Flnanclal Statements l¢ortknu•dJ for the year ended 31 March 2025 10 Related Party Transaetlons The charity was under the control of the board of trustees through out the year. The charity Trustees were not paid or recelved any benefits from employment with the charlty in the year, neither were they reimbursed expenses during the year. Any connection between a Trustee or senior manager of the charity with organisations the charity works with must be disclosed to the full Board of Trustees in the same VRY as any other contractual relationship with a related party. During the p8rEod Lower Oldpark Communty Association did not enter into any transactions with related parti8s. 11 Tanglblo Flxed Assets Equipment Fixtures & Fittings Buildings Total Cost: Cost at 1 April 2024 Additions Disposals 29.420 70.473 1.190 67.219 167.112 1.190 As at 31 March 2025 29.420 71,663 67,219 168,302 Deproclation: Depreciation at 1 April 2024 Depreciation on Disposals Charge for the period 29.209 57.382 57,808 144.399 32 3,421 6.722 10,175 As at 31 March 2025 29.241 60,803 154.574 Net Book Value At 1 April 2024 211 13,091 9.411 22,713 As at 31 March 2025 179 10,860 2.689 13.729 12 Debtors 2025 2024 Grants Recelvable 17
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Flnanclal Statomants for the y8ar ended 31 March 2025 13 Cmdftors: amounts falllng duo wlthln one yoar 2025 2024 A¢cTuals & Deferred Income Taxes and So81 security 2,120 140 2.260 2,000 2,000 14 Analysls of Movements In Unrestrlcted Funds Funds a8 at 1 Aprll 2024 In¢ornlng Resourc08 Resources Trdnsferg Expended Between Funds Funds as at 31 March 2025 General Fund 82.505 3.860 (31.886) ¢ 12,138} 42.341 Total 82,505 3,860 (31,886) (12.138) 42,341 Name of Unrnstrtcled Fund General Fund Dgscrlpllon, nature and purposes of tho fund The Yree reserves" after allowing for all designated funiJs 15 Analysts of Movemènts In Restrl¢t¢d Funds Funds as at 1 Aprll 2024 Incomlng Resources Transfers Resources Expended Botwggn Funds Funds as at 31 March 2025 Restricted Funds Housing Executlve Building Fund IFI- Peaix Walls Programme Department for Communities Summer Intervention Asso¢iation BCC Sufflmer prolect BCC revenue grant BCC Good Relations BCC Wellness programme BCC Park event BCC Bank of Ideas Community Funding Radius House Early Years Programme Nl Lottery Fund Vlne Centre Beif8St Chartlable Sodety The Bytes Project Total {119) 9.141 119 (6.7221 2.419 6.968 (1,098) 111.083 {118.051) (10.007} (5,004) (3,602) (15,448) 11.105 5,668 2.628 15,274 901 214 (313) (5) (73) 40 313 2.902 1,910 (2.902} {1,8051 (2,556) 105 3.000 {7> 603 (603) 126) 12,000 76.491 15.OOQ 1,250 244,207 11,974 (76.491) (15.0001 1,250 16.824 18,067 257,588) 12.138 18
LOWER OLDPARK COMMUNITY ASSOCIATION Notes to the Financlal Statements IcoThllnu•dl for the year ended 31 March 2025 16 Analysls of net assets between funds General Fund R•strfcted Funds Total Tangible Fixed Assets Other Current Assetsl(Liabilities) 11,309 31,032 2,420 14,404 13,729 45,436 42.341 16,824 59,165 19