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← Lower Oldpark Community Association

2026-03-31-annual-report

LOWER OLDPARK COMMUNITY ASSOCIATION Unaudited Financial Statements

For the year ended 31 March 2025

Company No: NI635156 Charity No: NIC100906

LOWER OLDPARK COMMUNITY ASSOCIATION

Table of Contents For the year ended 31 March 2025

Page
Report ofthe Trustees 2-6
Independent Examiner's Report 7-8
Statement of Financial Activities 9
Balance Sheet 10
NotestotheFinancialStatements 11-19

1

LOWER OLDPARK COMMUNITY ASSOCIATION

Report of the Trustees For the year ended 31 March 2025

Administrative Information

CompanyName LowerOldpark CommunityAssociation
Registered Address 9-21 Avoca Street
Belfast
BT14 6EN
Company Registration NI635156
Charity Registration NIC 100906
Board ofTrustees Barbara Mcliwrath (Chair)
Laurence Hughes (Laura) (Treasurer)
Thomas Dickson (Secretary)
James RWright (Honorary Chair)
Eleanor Jamison
Neil Huddleson
Peter Edwards
Lorna Osborne
Company Secretary Adele Huddleson
Independent Examiners AAB GroupAccountants Limited
1-3 Arthur Street
Belfast
BT1 4GA
Solicitors Hool LawSolicitors
Scottish Provident Building
17 Donegall SquareWest
Belfast
BT1 6JH
Bank Ulster Bank
11-16 Donegall Sq East
Belfast
BT15UB

2

LOWER OLDPARK COMMUNITY ASSOCIATION

Report of the Trustees For the year ended 31 March 2025

nineteen nee The trustees are pleased to present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

The management of Lower Oidpark Community Association is made up of representatives from the local church and nominees from a range of local business, community organisations and nominees from a range of local business, community organisations and residents.

Mission Statement

Our mission is to provide a resource which supports and enables residents to improve the quality of life of the neighbourhood.

Organisational Structure

Lower Oidpark 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-to-day responsibility for the provision of the services rests with Centre 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 to 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 residents’ 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 benefit. We focus on social welfare, education, and recreation with the objective of improving the conditions of life of residents who live, work, and socialise in the community. In the community 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 activity focused on physical, economic and social renewal.

Strategic Aims

To work in partnership with communities and voluntary organisations to achieve social change and to promote the rights of those most disadvantaged and excluded in our society.

3

LOWER OLDPARK COMMUNITY ASSOCIATION

Report of the Trustees For the year ended 31 March 2025

tener nnn

Objectives

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 playsessions, increasing the skills level of parents to help them towards employment;

  2. Improve the physical regeneration of the area;

  3. Improve community relations;

  4. Raising educational attainment;

  5. Engaging young people;

  6. Improving health and wellbeing;

  7. Support and care for older people;

  8. Promote community safety;

  9. Promote social welfare.

Beneficiaries

The charity's beneficiaries are those individuals living or working within the geographical catchment area as described in the governing document of Lower Oldpark Community 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 quality of life within our catchment area.

In pursuit of these objectives LOCA delivers several interrelated projects. These are designed 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 activities 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 between spending and receiving income, essential expenditure items for which grant support is not available, for; unplanned emergency building repairs, and redundancy payments that would 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-to-day operational management of LOCA, including ail 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 review any major risks 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.

4

LOWER OLDPARK COMMUNITY ASSOCIATION

Report of the Trustees For the year ended 31 March 2025

Financial Review

The accounts for 2024/2025 showsa deficit of £41,407 (2024: surplus of £2,326) Reserves of £59,165 and closing restricted reserves of £16,824.

The below points should be noted in respect of the financial performance during the year:

» Staff costs were significantly reduced, and programme costs increased in line with new restricted grants.

The Trustees wish to place on record their appreciation for the accountancy service provided by AAB Group Accountants Limited, in relation to LOCA’s financial records and accounts. The Trustees are grateful to LOCA staff 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 provision, we create safe and inclusive spaces where people of all ages can connect, learn, and thrive. Every activity is rooted in dignity, inclusion, and local heritage, helping participants to build confidence and pride in their community.

Families with children aged 0-4 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, while children gain opportunities to explore, play, and learn in a safe environment.

For children aged 5-11, the After Schools Programme offers homework support, sports and games, art, dance and a dedicated Children’s Book Club. This combination of academic and creative activities helps children to develop positive routines, improve attainment, and build confidence. Alongside this, the Junior Youth Drop-in provides a welcoming space where children can socialise, form friendships, and take part in activities that support their emotional wellbeing.

Young people aged 12-17 are supported through the Senior Youth Drop-in, which provides mentoring, recreation, and social connection, and the Senior Youth Personal Development Programme, which builds leadership and resilience. The EA Planned intervention Programme delivers targeted support for those at risk of disengagement, improving attendance, behaviour, and motivation. Seasonal initiatives such as the Summer Diversionary Programme and the BeActive Summer Scheme ensure young people have constructive opportunities during school holidays.

Adults benefit from the Employment Support Clinic, which builds pathways into work, while the Women’s Group provides connection, learning, and empowerment. Good Relations programmes encourage dialogue, mutual respect, and shared community pride. In summary, our charity improves lives and delivers wider societal gains in education, wellbeing, safety, and community connection.

5

LOWER OLDPARK COMMUNITY ASSOCIATION

Report of the Trustees For the year ended 31 March 2025 easementerent nner rnrnecmrnnenne

Appointment of Trustees

The Management Committee will observe the appointment of Directors, as set out in the Memorandum of Association, and arrange appropriate induction training.

Disclosure of Information to Independent Examiners

The Trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant audit information of which the Charity’s independent examiners are unaware: and each Trustee has taken all the steps they ought to have taken as a trustee to make themselves aware of any relevant information and to establish that the Charity’s independent examiners are aware of that information.

Statement of Trustee's Responsibilities

Charity law requires the trustees to prepare financial statements for each financial period which give a true andfair view of the state of affairs of the charity and of its financial position at the end of that period. In preparing these financial statements, the trustees are required to:

The trustees have overall responsibility for ensuring that the charity has an appropriate system of internal controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act (Northern lreland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed of behalf of the Trustees

B Mcllwrath Director

Date

Lower Oldpark Community Association Independent Examiner's Report To The Members Year Ended 31 March 2025

tene nnn | report to the Trustees’ on my examination of the financial statements of Lower Oldpark Community Association (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees’ of the charity (and also its Directors for the 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 financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | 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 | have followed all the applicable Directions given by the Charity Commission under section 65 of the 2008 Act.

independent examiner's 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. | confirm that | am qualified to undertake the examination because | am a member of Chartered Accountants Ireland, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

7

Lower Oldpark Community Association Independent Examiner's Report To The Members Year Ended 31 March 2025

enter

INDEPENDENT EXAMINER'S STATEMENT

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financiz statements to be reached.

Michael Farrell

Date

For and on behalf of AAB Group Accountants Limited Independent Examiners 1-3 Arthur Street Belfast BT1 4GA

8

LOWER OLDPARK COMMUNITY ASSOCIATION

Statement of Financial Activities

(incorporating an income and expenditure account) For the year ended 31 March 2025

rennin

Total Funds Total Funds
Note Restricted Unrestricted 2025 2024
£ £ £ £
Income and endowments from:
Donationsand legacies 3 5,668 3,527 9,195 8,825
Charitable Activities 4 238,539 145 238,684 266,822
OtherTrading Activities 5 - - - 13,035
InvestmentIncome - 188 188 26
Total Income andendowments 244,207 3,860 248,067 288,708
Expenditure on:
CharitableActivities 7 (257,588) ( 31,886) (289,474) (286,382)
Total Expenditure (257,588) (31,886) (289,474) (286,382)
Netincome /(expenditure)fortheyear (13,381) (28,026) (41,407) 2,326
Transfers between funds 12,138 (12,138) - -
Netmovement infunds (1,243) (40,164) (41,407) 2,326
Reconciliation of funds:
Total Funds Brought Forward 14/15 18,067 82,505 400,572 98,246
TotalFundsCarriedForward 14/15 16,824 42,341 59,165 100,572

All income derives from continuing activities, therefore no statement of recognised gains or losses is given.

The notes on pages 11 to 19 form part of these financial statements.

9

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LOWER OLDPARK COMMUNITY ASSOCIATION

Balance Sheet

as at 31 March 2025

Note 2025 2024
£ £
Fixed Assets
Tangibleassets 11 13,729 22,713
CurrentAssets
Debtors 12 - 554
Cash atbankand in hand 47,696
47,696		 79,305
79,859
Creditors: amounts fallingduewithin oneyear 13 (2,260) (2,000)
NETCURRENTASSETS 45,436 77,859
NETASSETS 59,165
Bomoseennsontenlinessiarancl		 100,572
=e
Represented by:
Unrestricted Funds 14 42,341 82,505
Restricted Funds 15 16,824 18,067
_ 59,165 100,572
Poser
onsatscmnnsarmmerievarcncaarand

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with Companiesthe requirementsAct 2006of sectionsrelating 394 and 395 andto financial statements, which otherwiseso far as applicable comply withto the the requirements company. of the The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. Thesesubject financialto the smailstatementscompanies haveregime. been prepared in accordance with the provisions applicable to companies These financial statements were approved by the trustees and authorised for issue and are signed on their behalf by:

BeB Mcilwrath DateLolti/7sDirector/Trustee

DateLolti/7s-

: Company Regstration No. NI635156 Ct the notes on pages 11 to 19 form part of these financial statements,

LOWER OLDPARK COMMUNITY ASSOCIATION

Notes to the Financial Statements for the year ended 31 March 2025 neers

eerie 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 statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and 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 initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s) .

b) Preparation of the accounts on a going concern basis

The trustees are of the opinion that the charity is a going concern.

c) Fund Accounting

General funds are unrestricted 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 Trustees for particular purposes.

General funds may be transferred to designated funds where Trustees wish to use these funds for a specific purpose. Such funds may be transferred back to general funds once 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 criteria for restriction have been discharged or no longer apply.

d) Income Recognition Policies

Items of income are recognised and included in the accounts when all of the following criteria are met:

€) Interest Receivable

Interest on funds held on deposit is included when 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 Statements (continued) for the year ended 31 March 2025 tetntennnrerenunnine one eeeneneenenn

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party itis probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

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 or less from the date of acquisition or opening the deposit or similar account

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's 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 are capitalised at cost and are depreciated over their estimated useful economic lives as follows:

Asset Category: Annual Rate Equipment 15% Reducing Balance Fixtures & Fittings 25% Reducing Balance Buildings 10% Straight Line

The carrying values of tangible fixed assets are reviewed for impairment when events or circumstances indicate the carrying 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 third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their __..... Settlement amountafter allowing for any tradediscounts due.

12

LOWER OLDPARK COMMUNITY ASSOCIATION

Notes to the Financial Statements (continues) for the year ended 31 March 2025 en n nn eran

1 ACCOUNTING POLICIES ¢ontinusg)

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 freland.

« the requirements of Section 7 Statement of Cash Flows;

1) 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including 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 return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this 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 financial activities as they become payable in accordance with the rules of the scheme.

n) Taxation

The company is a registered charity and the charitable tax exemptions are therefore being claimed to the extent that income and/or gains are applicable and applied to charitable purposes only. These exemptions will remain in place as long as income and expenditure is applied to charitable purposes only.

0) Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, 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 historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

13

.

LOWER OLDPARK COMMUNITY ASSOCIATION

Notes to the Financial Statements (continued) for the year ended 31 March 2025

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations

Income from donations
Total Funds =Total Funds
Unrestricted Restricted 2025 2024
£ £ £ £
Donations 193 - 193 1,323
Belfast CityCouncil
Education Authority		 3,334
-		 -
5,668		 3,334
5,668		 1,015
6,000
Ulster Scots Relief Fund - - - 487
3,527 5,668 9,195 8,825

The income from donations received in 2024 of £8,825 were split £Nil restricted and £8,825 unrestricted.

4 Income from Charitable Activities

Income from Charitable Activities
Total Funds Total Funds
Unrestricted Restricted 2025 2024
£ £ £ £
Departmentof Social Development - - - 69,787
Northern lreland Housing Executive - - - 31,221
Pathway Fund - Earlyyears - - - 22,257
DFC - Smail Steps - - 1,040
IFl -PeaceWalls Programme - 1,485 1,485 113,034
Belfast CityCouncil - 22,714 22,714 24,206
BelfastCharitable Society - 15,000 15,000 -
HSCB - Belfast Childcare Partnership - - ~ 175
International Fund ~ 109,598 109,598 -
Lotteryfund - 12,000 12,000 3,767
Vine Centre - 76,491 76,491 -
WomensTec - - ~ 1,000
ShankillWomens Centre 145 - 145 335
The Bytes Project - 1,250 1,250 -
145 238,539 238,684 266,822

Charitable income received in 2024 of £266,822, were split £259,112 restricted and £7,710 unrestricted.

14

LOWER OLDPARK COMMUNITY ASSOCIATION

Notes to the Financial Statements (continued) for the year ended 31 March 2025

tennn

5 Income from Other trading Activities

Unrestricted 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 fnil.

6 Results for the period

The results for the period has been arrived at after charging the following:

2025 2024
£ £
Depreciation 10,175 11,122
10,175 17,722

7 Analysis of expenditure on charitable activities:

Total Funds Total Funds
Unrestricted Restricted 2025 2024
£ £ £ £
Programme Costs 1,809 97,378 99,186 25,353
Direct Salaries&Wages - 106,378 106,378 165,386
Direct Pensions - 6,861 6,861 9,183
SupportCosts (see Note 8) 30,077 44,657 74,734 82,690
Governance Costs (see Note 8) ~ 2,314 2,314 3,770
31,886 257,588 289,474 286,382

Expenditure on charitable activities in 2024 was made up of restricted £270,130 and unrestricted: £16,252.

8 Analysis of governance and support costs:

The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Governance costs and other support costs are apportioned separately between the charitable activity undertaken in the period. Refer to the table over the page for the basis for apportionment and analysis of support and governance costs.

15

LOWER OLDPARK COMMUNITY ASSOCIATION

Notes to the Financial Statements (continueg) for the year ended 31 March 2025

8 Analysis of governance and support costs: (continues)

General Support Governance Function Total Funds Total Funds
Unrestricted Restricted Unrestricted Restricted 2025 2024
£ £ £ £ £ £
Salaries
&Wages		 - 28,341 - - 28,341 26,184
Raies &Water 149 - - - 149 295
Light& Heat 6,573 - - - 6,573 6,702
Insurance 257 3,205 - - 3,462 2,863
Repairs& Maintenance 484 1,003 - - 1,487 5,418
Legal& Professional Fees 2,368 ~ - - 2,368 2,000
Office Expenses - - - - - 3,862
Room Hire 482 - - - 482 204
Equipment - - - - - 2,678
Depreciation 3,453 6,722 - - 10,175 11,122
Cleaning - - - - - 346
Sundry 10,606 - - - 10,606 8,290
Bank Fees 223 - - - 223 -
Travel & Subsistence 3,429 1,981 - - 5,410 6,879
Subscriptions 543 - - - 543 541
Telephone - 1,367 - - 1,367 3,953
Accountancy - - - 2,314 2,314 3,770
Computer expenses - 2,038 - - 2,038 80
PPS 1,510 - - - 1,510 1,274
30,077 44,657 - 2,314 77,048 86,460
9 Analysis ofstaffcosts: 2025 2024
£ £
Salaries andWages 110,748 162,871
Employers National Insurance 23,971 28,699
Pension 6,861 9,183
141,580 200,753

The average number of employees, calculated on a full-time equivalent basis, analysed by function was:

2025 2024
Number Number
Charitable activities 4 8
Managementand administration ofthe charity 3 3
7 11

There were no employees with emoluments greater than £60,000.

16

LOWER OLDPARK COMMUNITY ASSOCIATION

Notes to the Financial Statements (continued) for the year ended 31 March 2025

nena

10 Related Party Transactions

The charity was under the control of the board of trustees through out the year. The charity Trustees were not paid or received any benefits from employment with the charity 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 way as any other contractual relationship with a related party.

During the period Lower Oldpark Community Association did not enter into any transactions with related parties.

11 Tangible Fixed Assets

:
Equipment		 :
Equipment		 Fixtures &
Fittings		 Fixtures &
Fittings		 “Lae
Buildings		 Total
£ £ £ £
Cost:
Costat 1 April2024 29,420 70,473 67,219 167,112
Additions - 1,190 - 1,190
Disposals - ~ - -
As at31 March2025 29,420.
71,663.
~+67,219.~~~«*168,302
nena!
Depreciation:
Depreciation at 1 April 2024 29,209 57,382 57,808 144,399
Depreciation on Disposals - - - -
Chargeforthe period 32 3,421 6,722 10,175
As at31 March 2025 SSS 29,241
arene		 aac 60,803
eer		 64,530
Ne		 154,574
nnnnaneiercermnnnmnnnint
Net Book Value
At 1 April2024 211 13,091 9,411 22,713
As at31 March 2025 179
10,860
2,689
13,729
a
renner
12 Debtors
2025 2024
£ £
GrantsReceivable “ 554

17

LOWER OLDPARK COMMUNITY ASSOCIATION

;

Notes to the Financial Statements (continued) for the year ended 31 March 2025

Notes to thethe Financial Statements (continued)
;
for thethe year endedended 31 March 2025		 Notes to thethe Financial Statements (continued)
;
for thethe year endedended 31 March 2025		 Notes to thethe Financial Statements (continued)
;
for thethe year endedended 31 March 2025		 Notes to thethe Financial Statements (continued)
;
for thethe year endedended 31 March 2025		 Notes to thethe Financial Statements (continued)
;
for thethe year endedended 31 March 2025		 Notes to thethe Financial Statements (continued)
;
for thethe year endedended 31 March 2025
Sa
eEnnamnanneneemneneemeeer ee
ce
13 Creditors: amounts falling duewithin within oneyear
2025 2024
£ £
Accruals& Deferred Income
Taxesand social security		 2,120
140		 2,000
2,260 2,000
14 Analysis ofMovements in Unrestricted Funds
Fundsasat1
April 2024		 Incoming
Resources		 Resources
Expended		 Transfers
BetweenFunds		 Fundsasat31
March2025
£ £ £ £
GeneralFund 82,505 3,860 (31,886) ( 12,138) 42,341
Total 82,505
3,860
(31,886)
(12,138)
42,341
ee
ee
eetad
Nameof Unrestricted Fund Description, natureand purposes ofthefund
GeneralFund The"freereserves" afterallowing forall designatedfunds
15 Analysis ofMovements in Restricted Funds
Fundsasat1
April2024		 = Incoming
Resources		 Resources
Expended		 Transfers
BetweenFunds		 Fundsasat31
March 2025
£ £ £ £ £
Restricted Funds
Housing Executive (119) ~ - 119 -
Building Fund
IFl - Peace Wallis		 9,141
“		 -
-		 (6,722)
-		 -
-		 2,419
-
Programme
Department forCommunities
SummerIntervention Association
BCCSummerproject
BCC revenue grant
BCCGood Relations		 6,968
(1,098)
-
901
214
(313)		 111,083
-
5,668
2,628
15,274
-		 (118,051)
(10,007)
(5,004)
(3,602)
(15,448)
-		 -
11,105
-
-
-
313		 -
-
664
(73)
40
-
BCCWellnessprogramme (5) - - 5 -
BCC Park event
BCCBankofIdeas
CommunityFunding
RadiusHouse
EarlyYears Programme		 -
-
3,000
7
(603)		 2,902
1,910
-
-
-		 (2,802)
(1,805)
(2,556)
-
-		 -
-
-
(7)
603		 -
105
444
-
-
NI LotteryFund
VineCentre
Belfast Charitable Society		 (26)
-
-		 12,000
76,491
15,000		 -
(76,491)
(15,000)		 -
-
-		 11,974
-
-
The BytesProject
-
1,250
-
Total
18,067
244,207
(257,588)
Sse		 -
1,250
12,138
16,824
renegeeee,

18

LOWER OLDPARK COMMUNITY ASSOCIATION

Notes to the Financial Statements (continued) for the year ended 31 March 2025

cree

16 Analysis of net assets between funds

General Restricted Total
Fund Funds
£ £
Tangible FixedAssets 11,309 2,420 13,729
OtherCurrentAssets/(Liabilities) 31,032 14,404 45,436
42,341 16,824 59,165

19