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-t￿daY 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 V￿Uld 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 r￿Uced. 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 Inde￿ndant 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 COn￿nuing 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 COm￿Y 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 reS￿reeS, 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 Stalen￿nts have been prepared In acCI)rd￿Ce with the provlstons ap￿1¢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. V￿re Split £259.112 restricted and £7,710
unrestrlcted.
14

LOWER OLDPARK COMMUNITY ASSOCIATION
Notes to the Flnancial Statements (Conth￿d)
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 So￿81 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