2025-03-31-accounts

Company registration number NI048888

FAUGHANVALE COMMUNITY PROJECT LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 314 MARCH 2025

FAUGHANVALE COMMUNITY PROJECT LIMITED

CONTENTS

	Page
Legal and administrative information	1
Trustees’ report	2-4
Independent examiner's report	5
Statement offinancial activities	6-7
Balance sheet	8
Notestothefinancialstatements	9-19

FAUGHANVALE COMMUNITY PROJECT LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees M Moore M Watson Rev N McDermott R Logue

Secretary M Watson Charity number NIC 101042 Company number NI048888 Registered office Unit 11 - 16 Vale Centre Clooney Road Greysteel Londonderry BT47 3GE

Independent examiner Moore (NI) LLP 21/23 Clarendon Street Londonderry BT48 7EP

Bankers Danske Bank 27 Glenshane Road Altnagelvin Londonderry BT47 2LN

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FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report and accounts for the year ended 31 March 2025. The Trust is a charitable company limited by guarantee and accepted as a charity by HM Revenue and Customs under reference XO042994.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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 Republic of Ireland (FRS 102) (as amended by "Amendments to FRS 102 - Triennial Review - Incremental improvements and clarifications" for accounting periods commencing from 1 January 2019)".

Objectives and activities

The charity's objects are to promote the benefit of the inhabitants of Faughanvale and its surrounding areas, to provide day care to the elderly, young physically disabled, people with learning disabilities and mental health problems, as well as recreation and leisure facilities in the interests of social welfare and education and there has been no change in these during the year.

The charities main activities are day care and Moving On Programmes. The weekly activities in the day centre are essential skills - English, Maths, educational, work experience, introduction to business activities, arts and crafts, cookery, drama workshops, environmental programmes, leisure activities and outings to places of interest. The charity also provides freshly made meals to all the users of the service.

Public Benefit

The objectives of the Trust are as listed above. The Trust has considered the UK Charity Commission's guidance on public benefit and plans to ensure that it provides public benefit and achieves its objectives as set out in the Trust's Memorandum and Articles of Association.

The direct benefits to the individuals using the service include:

• The promotion of social interaction and combating loneliness;

• Creating a sense of belonging;

• Stimulating the development of individuality and choice; and

• Supporting and developing essential life skills encouraging independence.

The trustees give careful consideration to accessibility for all without discrimination on grounds of politics, religion, race, sexual origination, social or economic background.

Public benefit

The Trustees have also taken cognisance of the UK Charity Commission’s Guidance on Public Benefit and plans to ensure that this is achieved within our objectives as set out in the Trust's Memorandum and Articles of Association. To further this, Faughanvale Community Project has extended its range of contact and invitation to the wider Eglinton/Greysteel community to engage in FCP activities, entertainment, in-house training for our staff and service users and work experience. This is increasingly being taken up and benefits the wider community and service users in terms of wider social integration beyond the centre and family. The nature of such involvement includes:

e Educational programmes

e Music and drama - Arts and crafts e Sports activities e Diversional activities

• e Planned outings

The public benefit sought is attained through working in partnership with various statutory and educational bodies, social enterprises, voluntary agencies/groups, businesses and schools.

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FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 eee Activities The Statutory, Educational, Training bodies and agencies include: Western Health and Social Care Trust; Regulation and Quality Improvement Agency (RQIA); Police Service of Northern Ireland (PSNI); Northern Ireland Social Care Council; North West Regional College; Mark McChrystal Training Consultancy; MTA Training Services. Social Enterprises with which we share many objectives hence exchange ideas and opportunities to benefit service users and the wider community include, hence public benefit: Greysteel Enterprise (The Vale Centre); Greysteel Community Association; Eglinton Community Association, Eglinton. Voluntary Agencies and organisations visit and interact with our service users, participating and volunteering in our planned activities throughout the year, for example: Women’s Institute, Eglinton; St Vincent de Paul; Presbyterian Women’s Association (PWA); Mother’s Union; Men’s Shed, Eglinton. Businesses provide work experience for our Moving On Programme. They also participate in planned activities including our ‘out of hours’ entertainments such as Easter, Halloween and Christmas. The businesses are: Nicholl Fuel Oils; Nicholl Supermarket; Braidwater Enterprises; Hogg & Mitchell Enterprises; W J O’Brien & Son, Funeral Directors; Alec Orr Motors. The opportunity for work experience supports public benefit. The service users are increasingly contributing within the community through their increased involvement with the above and the training opportunities available in FCP thus lending to the public benefit.

Achievements and performance

Significant activities and achievements against objectives During the financial year to 31 March 2025 Faughanvale Community Project continued to achieve its objective to provide day care to the elderly and disabled. The centre was able to provide care 3 days per week to a number young disabled persons, people with learning difficulties and the Elderly.

Faughanvale Community Project also provided meals on wheels throughout the full year, servicing 30 people per day, 4 days per week. A luncheon club was held one day per week when up to 10 people from the local community join our service users for lunch and entertainment.

Financial review

The results for the year are set out on page 7.

Total incoming resources for the year were £188,288 (2024 - £169,616) of which 84% was generated from Western Trust contracts. Total resources expended were £202,974 (2024 - £177,540) of which 100% was expended on direct charitable activities.

The balance of total funds at the year end was £195,469 of which £99,893 was unrestricted, £2,379 was restricted and £93,197 was designated in nature.

Reserves policy

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific; use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Trust aims to continue to increase its reserves to ensure the Stability of its services, employment and everyday operations of the organisation.

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FAUGHANVALE COMMUNITY PROJECT LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ae a

Major risks

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee and accepted as charitable by HMRC under reference X042994. The company was incorporated on 30 November 2003 and is governed by its Memorandum and Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

M Moore

M Watson

Rev N McDermott R Logue Rev JL Blair (Resigned 31 March 2025) Rev D P Hoey (Resigned 31 August 2025)

Recruitment and appointment of trustees

Recruitment and appointment of Trustees The Charity Trustees are also Directors of the company. A Trustee is initially elected by the Board in accordance with the Memorandum and Articles of Association. Under the requirements of the Memorandum and Articles of Association unless otherwise determined by the company in a General Meeting, the number of Trustees shall not be less than three.

In the financial year no new Trustees were appointed and none resigned. The Board as a whole was approved by the AGM and continues to monitor its membership.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

The Board of trustees which administers the Trust meets throughout the year as required.

The trustees' report was approved by the Board of Trustees.

M Moore Trustee

18 December 2025

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FAUGHANVALE COMMUNITY PROJECT LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF FAUGHANVALE COMMUNITY PROJECT LIMITED

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We report to the trustees on our examination of the financial statements of Faughanvale Community Project Limited (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees (and also the directors of the company 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.

Having satisfied ourselves 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, we report in respect of our examination of the charity’s financial statements carried out under section 65 of the Charities Act. In carrying out our examination we have followed all the applicable Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

Independent examiner's statement

• We have completed our examination. We confirm that no matters have come to our attention in connection

• with the examination giving us cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

• 2 _ the financial statements do not accord with those records; or 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

• 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

We 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 financial statements to be reached.

Wleore (Arey) LLP

Moore (NI) LLP

21/23 Clarendon Street Londonderry BT48 7EP

Dated: 18 December 2025

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FAUGHANVALE COMMUNITY PROJECT LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Current financial year

Current financial year
		Unrestricted Unrestricted		Restricted	Total	Total
		funds	funds	funds
		general	designated
		2025	2025	2025	2025	2024
	Notes	£	£	£	£	£
Income from:
Grants and donations	3	142,218	-	15,736	157,954	145,611
Charitable activities	4	22,427	-	-	22,427	21,134
Other trading activities	5	6,685	-	-	6,685	1,590
Investments	6	1,162	-	-	1,162	1,281
Total income		172,492	-	15,736	188,228	169,616
Expenditure on:
Charitable activities	7	182,530	4,408	16,036	202,974	177,540
Net expenditure forthe year/
Netmovement in funds		(10,038)	(4,408)	(300)	(14,746)	(7,924)
Fund balances at 1 April 2024		109,932	97,605	2,679	210,216	218,140
Fundbalancesat31March2025		99,893	93,197	2,379	195,469	210,216

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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FAUGHANVALE COMMUNITY PROJECT LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

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Priorfinancial year
		Unrestricted	Unrestricted	Restricted	Total
		funds	funds	funds
		general
		2024	2024	2024	2024
Income from:	Notes	£	£	£	£
Grants and donations Charitable activities Othertrading activities Investments	3 4 5 6	130,268 21,134 1,590 1,281	- - - -	15,343 - - -	145,611 21,134 1,590 1,281
Total income		154,273	-	15,343	169,616
Expenditure on:
Charitable activities	7	157,762	4,431	15,347	177,540
Netexpenditure fortheyear/
Netmovement infunds		(3,489)	(4,431)	(4)	(7,924)
Fund balances at 1 April2023		113,421	102,036	2,683	218,140
Fundbalancesat31March2024		109,932	97,605	2,679	210,216

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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FAUGHANVALE COMMUNITY PROJECT LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
	Notes	£	z	£	£
Fixed assets
Tangible assets	13		102,453		105,992
Current assets
Debtors	14	1,728		1,636
Cash at bank and in hand		100,297		113,075
		102,025		114,711
Creditors: amounts falling due within
one year	15	(9,009)		(10,487)
Net current assets			93,016		104,224
Total assets less current liabilities			195,469		210,216
Income funds
Restricted funds	17		2,379		2,679
Unrestricited funds - designated	18		93,197		97,605
Unrestricted funds - general			99,893		109,932
			195,469		210,216

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 complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 18 December 2025

/) / ~< 4 L} 1 Pan! M Moore Trustee

Company registration number NI048888

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FAUGHANVALE COMMUNITY PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 eee

• 1 Accounting policies

Charity information

Faughanvale Community Project Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Unit 11 - 16 Vale Centre, Clooney Road, Greysteel, Londonderry, BT47 3GE.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of ireland” (“FRS 102”) and the Charities SORP "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 Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

• 1.2. Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Investment income represents bank interest receivable during the year. Incoming resources from charitable activities consists of income generated from day centre activities held at the centre during the year.

1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes the costs of services undertaken to further the purposes of the charity and their associated support costs.

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FAUGHANVALE COMMUNITY PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

• 1 Accounting policies

(Continued)

1.6 Tangible fixed assets

• Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% straight line Fixtures and fittings 10% straight line Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

• 1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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FAUGHANVALE COMMUNITY PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.10 Taxation The company is a charity and is recognised as such by HM Revenue & Customs under the charity tax reference XO4994, As a result, there is no liability to taxation on any of its income.

1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

• 1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 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.

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 Grants and donations

		Unrestricted funds	Restricted funds	Total	Unrestricted funds	Restricted funds	Total
		general			general
		2025	2025	2025	2024	2024	2024
		£	£	£	£	£	£
Grants	receivable	142,218	15,736	157,954	130,268	15,343	145,611

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FAUGHANVALE COMMUNITY PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Grants and donations

(Continued)

	Grants receivable for
	core activities
	Western Trust Contract	142,218	15,736	157,954	130,268	15,043	145,311
	Other	-	-	-	-	300	300
		142,218	15,736	157,954	130,268	15,343	145,611
4	Income from charitable	activities
					Unrestricted		Unrestricted
						funds	funds
						2025	2024
						£	£
	Day Centre Income					22,427	21,134
5	Other trading activities
							Unrestricted
							funds
							general
							2025
							£
	Fundraising events						2,285
	Letting and licensing arrangements						4,400
	Othertradingactivities						6,685

4 Income from charitable activities

6 Income from investments

		Unrestricted	Unrestricted
		funds	funds
		2025	2024
		£	£
Interest	receivable	1,162	1,281

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FAUGHANVALE COMMUNITY PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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7 Expenditure on charitable activities

	Charitable	Charitable
	Expenditure	Expenditure
	2025	2024
Direct costs	£	£
Staffcosts Depreciation and impairment Day centrefood&consumables Craft&workshop costs Stafftraining Minibus running costs	122,097 4,429 21,302 275 - §,322	94,895 4,459 18,757 38 910 5,852
	153,425	124,911
Share ofsupportand governance costs (see note 8) Support Governance	47,029 2,520	47,369 5,260
	202,974	177,540
Analysis byfund
Unrestrictedfunds Unrestricted funds -designated Restricted funds	182,530 4,408 16,036	157,762 4,431 15,347
	202,974	177,540

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FAUGHANVALE COMMUNITY PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025 9a

8 Support costs	8 Support costs	8 Support costs	8 Support costs
	Support	Governance	2025 Support costs		Governance	2024	Basis ofallocation
	costs 13s	costs £	£	£	costs £	£
Consultancy Rent& rates Insurance	4,064 22,742 2,469	- - -	4,064 22,742 2,469	- 23,720 2,543	- - -	- Stafftime 23,720 Stafftime 2,543 — Stafftime
Light& heat	41,152	-	11,152	9,027	-	9,027	Stafftime
Cleaning	1,331	-	1,331	1,769	-	1,769	Stafftime
Repairs & maintenance	1,690	-	1,690	6,875	-	6,875	Stafftime
Printing, postage & stationery	813	"	813	935	-	935	Stafftime
Telephone	1,481	-	1,481	1,357	-	1,357	Stafftime
Bank interest& charges	294	-	294	327	-	327	Stafftime
Sundryexpenses	991	-	991	819	-	819	Stafftime
Audit fees	-	2,520	2,520	-	2,260	2,260	Governance
Legal and professional	-	-	-	-	3,000	3,000	Governance
	47,029	2,520	49,549	47,369	5,260	52,629
Analysed between
Charitableactivities	47,029	2,520	49,549	47,369	5,260	52,629

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FAUGHANVALE COMMUNITY PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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||||||||| |---|---|---|---|---|---|---|---| |Tee| |9|Net movement|in funds|2025|2024| |The|£|£| |net|movement|in funds|is|stated|after|charging/(crediting):| |Fees|payable|for the|independent|examination|of the|charity's|financial| |statements|2,520|2,260| |Depreciation|of owned|tangible|fixed|assets|4,429|4,459|

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10 Trustees

Key management are deemed to comprise the Trustees. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. activities.One of the Trustees received a remuneration for their role as the bookkeeper and administrator of all charity

11. Employees

The average monthly number of employees during the year was:

----- Start of picture text -----
||||| |---|---|---|---| |2025|2024| |Number|Number| |Employees|8|8| |Employment costs|2025|2024| |£|£| |Wages and salaries|117,068|90,972| |Other pension|costs|5,029|3,923| |122,097|94,895|

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There were no employees whose annual remuneration was £60,000 or more.

12. Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

TT

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FAUGHANVALE COMMUNITY PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13 Tangible fixed assets

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Freehold|land|Fixtures|and|Motor|vehicles|Total| |and|buildings|fittings| |£|£|£|£| |Cost| |At|1|April|2024|160,851|21,626|26,885|209,362| |Additions|359|533|-|892| |At|31|March|2025|161,210|22,159|26,885|210,254| |Depreciation|and|impairment| |At|1|April|2024|59,876|16,696|26,800|103,372| |Depreciation|charged|in|the|year|3,224|1,184|21|4,429| |At|31|March|2025|63,100|17,880|26,821|107,801| |Carrying|amount| |At|31|March|2025|98,110|4,279|64|102,453| |At|31|March|2024|100,975|4,931|86|105,992| |14|Debtors| |2025|2024| |Amounts|falling|due within|one|year:|£|£| |Prepayments|and|accrued|income|1,728|1,636| |15|Creditors:|amounts|falling|due|within|one|year| |2025|2024| |£|£| |Other|taxation|and|social|security|1,183|997| |Trade|creditors|5,164|6,586| |Other|creditors|2,660|2,904| |9,007|10,487| |16|Retirement|benefit|schemes| |2025|2024| |Defined|contribution|schemes|£|£| |Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|5,029|3,923|

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The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

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FAUGHANVALE COMMUNITY PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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17 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

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|||||||||| |---|---|---|---|---|---|---|---|---| |At|1|April|Incoming|Resources|At|31|March| |2024|resources|expended|2025| |£|£|£|£| |2,679|15,736|(16,036)|2,379| |Previous|year:|At|1|April|Incoming|Resources|At31|March| |2023|resources|expended|2024| |£|£|£|£| |2,683|15,343|(15,347)|2,679|

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18 Unrestricted funds - Designated

These are unrestricted funds which are material to the charity's activities.

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||||||| |---|---|---|---|---|---| |At1|April|Resources|At31|March| |2024|expended|2025| |£|£|£| |97,605|(4,408)|93,197| |Previous|year:|At1April|Resources|At 31|March| |2023|expended|2024| |£|£|£| |102,036|(4,431)|97,605|

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19 Unrestricted funds

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |The|unrestricted|funds|of the|charity comprise|the unexpended|balances|of donations and|grants which|are| |not|subject to|specific|conditions|by donors|and|grantors as to how they may be|used.|These|include| |designated|funds which|have|been|set aside|out of unrestricted funds by the trustees|for specific purposes.| |At|1|April|Incoming|Resources|At31|March| |2024|resources|expended|2025| |£|£|£|£| |General funds|109,929|172,492|(182,530)|99,893|

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FAUGHANVALE COMMUNITY PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

19	Unrestricted funds				(Continued)
	Previous year:	At 1 April 2023	Incoming resources	Resources expended	At31 March 2024
		£	£	£	£
	Generalfunds	113,421	154,273	(157,762)	109,932

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FAUGHANVALE COMMUNITY PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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reer
20	Analysis of netassets between funds
		Unrestricted funds	Restricted funds	Designated funds	Total	Unrestricted funds	Restricted funds	Designated funds	Total
		2025	2025	2025	2025	2024	2024	2024	2024
	Fund balances at31 March 2025arerepresented by:	£	E	£	£	E	£	£	£
	Tangibleassets Current assets/(liabilities)	9,256 90,637	. 2,379	93,197 .	102,453 93,016	8,388 101,544	- 2,679	97,605 -	105,993 104,223
		99,893	2,379	93,197	195,469	109,932	2,679	97,605	210,216

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