Charity Number: NIC101394
Loughshore Care Partnership
Annual Report and Unaudited Financial Statements
for the financial year ended 31 March 2024
Daly Park & Company Ltd
Chartered Accountants
4 Carnegie Street
Lurgan
Co. Amiagh
BT66 6AS
Northern Ireland

Loughshore Care Partnership
CONTENTS
Page
Reference and Administrative Information
Trustees, Annual Report
Statement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
10
Balance Sheet
Notes to the Financial Statements
12-16

Loughshore Care Partnership
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees
Kevin Fox
Edith Stevenson- resigned
lan Abraham- deceased
Mary Smyth- resigned
Mary Statford
Mary Yarr
Mary McAlinden
Maria McGrath
Sylvia Fegan
Emma Doyle
Harriet Millsopp
Anne Turkinglon
Anne Fox
Charity Nurnber in Northem Ireland
NIC101394
Registered Office and Principal Address
1$1 Floor
2 North Street
Luigan
Co Armagh
BT67 9AQ
Independent Examiner
Daly Park & Company Ltd
Chartered Accountants
4 Garnegie Street
Lurgan
Co. Armagh
BT66 6AS
Northern Ireland
Principal Bankers
Danske Bank
P.O.Box 183
Donegall Square West
Belfast
Co. Antrim
BT16JS
Northem Ireland

Loughshore Care Partnership
TRUSTEES, ANNUAL REPORT
for the financial year ended 31 March 2024
The Iruslees present thelr Trustees, Annual Report, combining the Directors. Report and Tru5tees' Report. and the
unaudited financial statements for the financial year ended 31 March 2024.
The financi81 statements are prepared in accordance with the Companies Act 2006. FRS 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charili6s'. Stalement ol
Recommended Practice applicable to charities p￿parIng their financial statements in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Trustees, Report contains the inftjrmalion required to be provided in the Trustees, Annual Report under the
Slalement of Recommended Practice (SORPI guidelines. The trustees of the company are also charity Iruslees for the
purpose of charity law and under the company's constitution are known as members of the board of Iruslees.
In this report the trustees of Loughshore Care Partnership present a summary of its purpose, governance, aclivilies.
achievements and finances for the financial year 31 Mar¢h 2024.
The company is a registered charity and hence the report and results are presented in a fomi which complies with the
quirements of the Companies Act 2006 and, although not obliged to comply wilh the Slalement of Recommended
Practice (Charities SORP effective January 2015). the organisation has implemented ils recommendations where
relevant in these financial statements.
structure, Governance and Management
StruGture
The charity is an unincorporated organisation and is governed by ils constitution. The Trustees have ultimate legal and
financial responsibility for Ihe affairs of Loughshore Care Partnership and rnanage the day to day affairs Df the charity
themselves. Board meetings are held on a monthly or bi-monlhly basis. All trustees undertake an induction process
which covers their roles, responsibilities and main duties, etc.
Financial Review
The resvlts for the financial year are set out In the Sialement of Flnancial Activity, the Balance Sheet and related notes
contained within these financial accounts.
Results and Dividends
At the end of the financial year the company has assets of £106,144 (2023 - £114,295) and liabilities of £1,130 (2023 -
£720). The nel assets of the company have decreased by £(8.5611.
Reserves Positton and Policy
In recent years, the voluntary I charity sector has faced significant financial difficulties as a whole and the Trustees
acknowledge that LCP operates in an environment where Ihere will always be LFn¢ertainty over future income slr8arns
and expenditure requirements given the possibility Ihal unforeseen expenses and liabilities that will emerge.
Against this background it is considered good practice to seek lo build some finanaal rese￿e$ which vill allow us lo
meet future commitments or unforeseen expenses without a negative impact on our ability to deliver our services or
develop our business in the manner planned.
By holding reserves we are able to..
1. Absorb setbacks and take advanlage ofchange and opportunity.,
2. Demonstrate that we have thought through how we might secure our viability beyond the immediate fulure and
provide reliable ServI￿S over the longer term-
3. Demonstrate to potential funders that we are effectively managing our resources, and have given consideration to
our long-term plans and viability.
There is no absolute level of free reserves that we as an organisalion should hold but when looking at the level of free
reserves consideration should include..
1. How secure is our present funding?
2. How long would it take to find alternative sources of funding.
3. If the organisation had lo close. how long would il take to wind up in an orderly manne
4. What costs could be involved in winding up? - consider..
Redundancy costs
b. Other staffing liabilities including maternity I paternity pay
c. Legal and accountancy costs
As a general guide an acceptable level of free reserve might be considered to be..

Loughshore Care Partnership
TRUSTEES, ANNUAL REPORT
for the financial year ended 31 March 2024
1. Sufficient f￿e resetves lo provide cover for up to six months in relation to know liabilities., and
2. An additional provisicn of unrestrictèd reserves for unforeseen liabilities.
LCP continues to review and updale its reserves policy on an annual basis to take account of any change in
circumstance.
Trustees
The trustees who served throughout the financial year, except as noted, were as follows:
Kevin Fox
Maria McGrath
Edith Stevenson - resigned Sylvia Fegan
lan Abraham - deceased
Emma Doyle
Mary Smyth- resigned
Harriet Millsopp
Mary Slatford
Anne Turkington
Mary Yarr
Anne Fox
Mary McAlinden
In accordance with the Articles of Association, the directors retire by rotation and, being eligible, offer themselves for
re-election.
Compliance wlth Se¢tor-Wide Legislation and Standards
The company engages pro-actively with legislation. standards and codes which are developed for the sector.
Loughshore Care Partnership subscribes to and is compliant with the following..
The Companies Act 2006
The Charities SORP {FRS 102)
Structure, governance & management. Public Benefit
Lough5hore Care Partnership was established in August 2003 as a new and innovative programme of care for older
persons in isolated rural areas. The partnership ig made up of associates frorn the local stalulory. voluntary and
community sector. Its aim is lo provide locally based health and Social care Services to those living in rural areas ol
the southern shores of Lough Neagh.
Public Benefit Slatement
In setting our objectives and planning our activities for the year the Iruslees have given careful consideration to the
Charity Commission for Northern Ireland's guidance on public benefit lo ensure that the activities have helped lo achieve
the charity's purposes and provide a benefit lo Ihe beneficiaries. The benefits of Loughshore Care Partnership are both
clear and directly related lo the charity's aims and objectives. These benefits are and will be demonslraled through
surveys of satisfaction at the end of any course. increased attendance at relevant meetings and advice and guidance
soughl by members. The Charity beneficiaries are people living in the Lough Neagh area and the Surrounding areas.
Loughshore Care Partnership Chaimian's Report
The senior citizens, groups, under Loughshore Care Partnership, continue lo support the elderly people of the rural
Loughshore catchment area and are delighted that new members and new volunteers have joined these groups. They
are very wel¢om¢.
Our group volunteers have shown loyalty and dedication lo Ihe senior citizens, ensuring that they have a safe and
friendly place to chat. build friendships and engage in varied activities. They deserye greal credit for their commitment
to their community. The volunteers continue to encourage new members and support those still hesitant lo return to
the dubs through regular phone calls.
Without our funders we would not be able to bring such a Se￿l¢e and such a varied programme of activities to Ihe
senior citizens. Our funders include Southern Health and Social Care Trust. Department of Communities. ABC
Council, Garfield Westem. Arts Council Nl, and Ih05e who businesses that have made donation to us during the year
such as Hysler, Tesco and GroundforceNI.
We are particularly indebted to Ihe SHSCT with whom we have a Service Level Agreement. This is extremely
valuable, allowing us to meet insurance, rental, administration, and general running costs. We also value their advice
and general support and our meetings with the Trust representalives are positive and beneficial.
We wish to thank DART Partnership for their Signifi￿nt assi$lanGe, ensuring Ihal senior citizens have transport to the
lubs each week. Many drivers are volunteers, and they carry out their tasks with due Care and considera￿on lo the
elderly.
NewAction Plan
In the latter part of 2023. we engaged consultant Patrick McKenna to work closely with the groups we work with and
the Loughshore Care Partnership (LCPI committee members. His extensive efforts enabled us lo develop a new

Loughshore Care Partnership
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2024
Ihree-year action plan for 2024-2026. This plan has been unanimously endorsed by LCP as our strategic direction.
and we have already begun its implementation.
Loughshore Minds Matter ProJecL
The Loughshore Minds Matter project aims to provide vital support lo the rural community living along Ihe southem
shores of Lough Neagh. Its goal is to offer a variety of intervenlions and activities suitable for people of all ages.
addressing the adverse effects of isolation experienced, particularly during the COVID-19 pandemic on their mental
well-being.
The project coordinator. Hazel Boland, has actively engaged with local groups and collaborated wilh staff from the
ABC Council and Ihe Trust to secure additional support. Notably. we've facililaled the presence of the Cancer Focus
Bus al various venues in recent months. This project is funded Ihrough the Department of Health and the Community
Foundation.
The Loughshore Minds Matter project has made a significant diffe￿nCe lo the engagement and entertainment of the
senior citizens. This projecl brings so much energy and creativity, bringing new experiences lo the senior citizens. It
has enriched their lives and has assisted volunteers in planning and provision of activities.
The project acknowledges and appreciates the dedication ar7d hard work of the staff members involved in delivering
its servI￿s.
Verve Healthy Living Network
LCP recently became part of the Verve Healthy Living Network and will cover the rural south Lough Neagh area.
As a member of the Verve Healthy Living NetWOTk will bring significant benefits to the rural south Lough Neagh area.
As part of this network, LCP will gain access to a wide range of health and wellbeing programmes tailored lo local
needs. including inilialives focused on healthy lifestyles. mental and emolional wellbeing, and socral inclusion. The
partnership will strengthen community engagement. increase the availability of health resources. and provide
opportunities for sha￿d learning with other nelwork members.
A big Thank You to our voluntsers
Loughshore Care Partnership extends ils gratitude in recognition of the diligent efforts and the commitment shown by
Ihe volunteers with whom it collaborates on a weekly basis. They certainly are a prime example of motivation which
will hopefully inspire others to become involved in helping in their community in the fvture.
New volunteers are always encouraged to participate and dedicate a few hours each week to any of the groups we
work with. Remember the act of giving and connecting with others through volunteering is one of the most meaningful
ways of making a valuable contribution to your community.
Acknowledging Our Team and Offering Support
Despite the current challenges in the fvnding arena, we have continued to secure significant financial support from
varrous sources. This success is largely due to Ihe dynamism and dedication of Mary McAlinden. Her meticulous
management of LCP'S financial matters, coupled with her deep understanding of community development, has been
Instrumental in our ongoing success.
To those who have faced health challenges this year. we send our wamiest wishes for a swift recovery and a return lo
fijll health.
Vve extend our heartfelt condolences to those who have eXperIen￿d loss within the LCP and our senior cilizen8'
groups. especially lo the family of lan Abraham from Derryadd, a valued LCP committee member who recently
passed away.
To the future
Challenges remain for LCP. We need new volunteers who share our commitment for the people in this area. We need
to reach out to isolated people who may be unaware of our groups, aclivilies. To promote this. we are working on the
development of a social media presence and have also produced posters and flyers for the 2024125 Senior Citizens
programme of adivilies.
We remain hopeful and optimisti¢ as we contsnue to maintain and improve our support for the rural comrnunity that we
serve around the Loughshore.

Loughshore Care Partnership
TRUSTEES, ANNUAL REPORT
for the financial year ended 31 March 2024
Approved by the Board of Trustees on /' .5¢f
and Signed on its behalf by:
Mary
Trustee
Alinden
Mary
Trus
rr

Loughshore Care Partnership
STATEMENT OF TRUSTEES, RESPONSIBILITIES
for the finanoal year ended 31 March 2024
The Iruslees. who are also directors of Loughshore Care Partnership for the purposes of company law. are ￿spOnSible
for preparing the financial slalemenls In accordance with applicable law and regulations.
Company18w requires the trustees as the directors to prepare financial statements for each financial year. Under Ihal
law the Iruslees have elected to prepare the financial slalemenls in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law} including FRS102 'The
Fin8n¢ial Reporting Standard applicable in the UK and Republic of Ireland" Under Company law the Iruslees musl not
approve the financial slalemenls unless they are satisfied that they give a true and fair view of the slate ol affairs of the
company and of the nel income or expenditure of the company for Ihal period.
In preparing these financial slatemenls, the twslees are required to..
select suitable accounting policies and apply them consistently..
make judgements and eslimales that are reasonable and prudent..
slate whether the financial s12lements have been prepaied in accordance wllh the relevant financial reporting
framework, identify those stsndards. and note the effect 2nd the ieasons for any material departure from those
standards.. and
prepare the financial statements on the going concem basis unless it is inappropriate lo presume that the company
will continue in operation.
The trustees confirm that they have complied with the above requirements in preparing the financial slalements.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
company's transactions and disclose with reasonable accuracy al any lime the financial position of the company and
enable them lo ensure that the financial Statements comply with. They are also responsible for safeguarding the assets
of the company and hence for taking reasonable steps for the prevention and detection of fraud and other iiregularilies.
Approved by the Board of Trustees on Jo ￿,& Fr
and signed on its behalf by:
Marym
Trustee
linden
Maryy
Truste

Loughshore Care Partnership
INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES
OF LOUGHSHORE CARE PARTNERSHIP
We have examined the financial ststemenls ofthe company for the financial year ended 31 March 2024, which comprise
the Statement of Financial Activities (Incorporating an Income and Expenditure Account), the Balance Sheet and the
related notes.
This report is made solely to the company's members. as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our work has been undertaken so that we might compile the financial slalements that we have
been engaged to compile, report to the Board of Trustees that we have done so, and slate those matters that we have
agreed to stale to them in this report and for no other purpose. To the fullest extent pemiitted by law, we do not accept
or assume ￿SpOnsIbl11ty lo anyone other than the company and Ihe cornpany's members. as a body, for our work. or
for this report.
Respective rèsponsibilities of trustees and examiner
The company's trustees (who are also the directors of Ihe company for the Purposes of company law) are responsible
for the preparalion of the financial statemenls in accordance with the requirements of the Companies Act 2006. The
company's trustees consider that an audit is not reqUI￿d for this financial year under Chapter 3 of Patt 16 of the
Companies Act 2006 and that an independent examination is required.
It is our responsibility to..
examine the financial statements under section 65 of Ihe Charities Act,.
follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland
under section 65(91{b) of the Charities Act,- and
state whether particular matters have come to our attention.
Basis of independent examiner's report
We have examined your company financial statements as required under section 65 of the Charities Act and our
examination was carried out in accordance with the general Directions given by the Charity Commission for Northern
Ireland under section 65(9llb) of the Charitie$ Act. An examination includes a review of the accounting records kept by
the company and a comparison of the financial slatefflenls presented with those records. 11 also includes consideration
of any unusual items or disclosures in the financial statements and seeking explanations from the Iruslees concerning
any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and
consequently no opinion is given as to whether the accounls present a 'true and fairf view and the report is limited to
those matters set out in Ihe sfatement below.
In connection with our examination. no matter has come to our attention which gives us cause to believe that in, any
material respect..
accounting records were not kepl in accordance with section 386 of the Companies Act 2006
the financial statements do not accord with those accounting records
the financial slalement5 have not been prepared in accor¢Jance with the accounting requirernenls of section 396 of
the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice applicable
to charities preparin9 their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS1021
there is fijrther infomiatlon needed for a proper underslanding of the accounts lo be reached.
Independent examlner's statement
We have no concerns and have come across no other matters in cannection with the examination to which attention
should be drawn in this ￿port in order to enable a proper understanding of the financial statements lo be reached.
& COMPANY LTD
Ch
ered Accounlanls
4 Carnegie Street
Lurgan
Co. Armagh
BT66 6AS
Northern Ireland

Loughshore Care Partnership
STATEMENT OF FINANCIAL ACTIVITIES
Ilncorporating an Incomè and Expendituie Account)
for the financial year ended 31 March 2024
Unrestricted Restricted
Funds
Funds
2024
2024
Total Unrestricted Restricted
Funds
Funds
Funds
2024
2023
2023
Total
Funds
2023
Notes
Incoming Resources
Voluntary Income
Investments
Other income
67,042
296
40,259
107.301
296
27.420
378
8,440
132.846
160,266
378
8.440
Total incoming resources
67,338
40,259
107,597
36,238
132,846
169,084
Resources Expended
Charitable activities
20,353
95.805
116,158
31,694
117.907
149.501
Net incomingloutgoing
resources before transfers
46,985
155,546)
{8,5611
4.644
14,939
19,583
Gross transfers between
funds
(1.881)
1,881
Prlof financial year
adjustment
Net movement in funds for
the financial year
4.951
{4,9511
51,936
(60,497)
18,561)
2,763
16,820
19.583
Reconciliation of funds:
Total funds beginning of the
year
13
33,466
80,109
113.575
30.703
63,289
93,992
Total funds at the end of
the year
85,402
19,612
105,014
33,466
80.109
113,575
The Statement of Financial Activities includes all gains and losses recognised in the financial year.
All income and expenditure relate to continuing activities.
The notes on pages 12 to 1 S form part of the frnancial slalemgnts
10

Loughshore Care Partnership
Company Numbei..
BALANCE SHEET
as al 31 March 2024
2024
2023
Notes
Current Assets
Deblors
Cash al bank and in hand
10
1,044
105.100
1,493
112,802
106,144
114,295
Credltors: Amounts falling due wlthin one year
11
11.1301
17201
Net Current Assets
105,014
113,575
Total Assets less Current Liabilitie9
105,014
113.575
Funds
Restricted trust funds
Designated funds (Unrestricted)
General fund lunrestricled)
19,612
48,000
37,402
80,109
33.466
Total funds
13
105.014
113.575
These financial slalemenls have been prepared in accordance with the special provisions relating lo small companies
within Part 15 of the Companies Act 2006.
For the financial year ended 31 March 2024 Ihe company was enlilled lo exemption from audit under section 477 of the
Companies Act 2006., and no notice has been deposited under section 476.
The trustees confirm that the members have not required the company lo ob18in an audit of its financial statements for
the financial year in question in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for ensuring that the company keeps aceounling records which comply
with section 386 and for preparing financial statements which give a true and fair view of the slate of affairs of the
company as al the end of the financial year and of ils profit and 1055 for the financial year in accordance with the
requirements of sections 394 and 395 and which otherwise comply with the requirements of the Cornpanies Act 2006
relating lo financial statements. so far as applicable to the Company.
Approved by the Board of Trustees and authorised for issue on /() e&r a LJ
behalf by
and signgd on its
Marym
Trustee
Alindèn
Mary Ya
Trv$te
The ncles on pages 12 to 16 fomi part of the financial statements
11

Loughshore Care Partnership
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
GENERAL INFORMATION
Loughshore Care Partnership is a company limiled by shares incorporated in Northern Ireland. The registered
office ofthe company is 1 Maghery Business Cenlre, Maghery. County Tyrone, Bucks, BT716PAwhich is also
the principal place of business of the company The financial statements have been presented in Pound (£)
whlch is also the functional currency of the company.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting poliaes have been applied consislently in dealing with items which are considered
material in relation to ihe charity's financial statements.
Basls of preparation
The financial statements have been p￿pared on the going concern basis under the historical cost convention,
modified to include certain ilerns at fair value. The financial statements have been prepared in accordance with
the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing Iheir
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS
102"
As permitted by Ihe Companies Act 2006, the company has varied the standard forrnats in Ihal act for the
Slalement of Financial Activities and the Balance Sheet. Departures from the standard formals are lo comply
with the reguiremenls of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that
SORP.
Staternont of compllan¢e
The financial statements of the company for the financial year ended 31 December 2017 have been prepared
on the going concern basis and in accordance with the Stalemenl of Recommended Practice {SORP)
"Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland FRS 102"
Cash flow statement
The company has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement
because it is ¢lassified as a small company.
InGoming Resources
Voluntary income or capital is included in the Slalement of Financial Activities when the company is legally
entitled to it, ils financial value can be quantified with reasonable ￿rtaInty and there is reasonable certainty of
Its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a
dislribulion to be made by Ihe executors. Income received in advance of due performance under a contract is
accounted for as deferred income until eamed. Grants for activities are recognised as income when the related
conditions for legal entitlement have been met. All other income is accounted for on an accruals basis.
Resources Expended
All resources expended are accounted for on an accruals basis. Charitable activities include costs of services
and grants, support costs and depreciation on related assets. costs of generating fvnds sirnilarly include
fundraising aclivities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro-
rata to the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attributable
lo individual activities by objective. Governance costs are those associaled with constitub'onal and slalutory
requirements.
Tanglble fixed assets and depre¢lation
Tangible fixed assets are stated al cost or at valuation. less accumulated depreciation. The charge to
depreciation is calculated to wiite off the original cost or valuation of tangible fixed assets. less their estimated
sidual value, over their expected usefijl lives as follows..
Fixtures, fittlngs and equipment
20Yts Straight line
12

continued
Loughshore Care Partnership
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
Debtors
Debtors are recognised al the settlement amount due after any discount offered. Prepayments are valued al
the amount prepaid net of any trade discounts due. Income recognised by the company from government
agencies and other co-funders. bul not yet received at year end, is included in debtors.
Cash at bank and in hand
Cash at bank and in hand comprises cash on deposit at banks requiring le5S than three months, notice ol
withdrawal.
Taxatlon
No current or deferied tsxalion arises as the company has been granled charitable exemption. Irrecoverable
valued added tax is expensed as incurred.
INCOME
DONATIONS AND LEGACIES
Unrestricted Restri¢ted
Funds
Funds
2024
2023
GRANTS RECEIVED
67.042
40,259
107.301
160.266
INVESTMENTS
Unrestricted Restrlcted
Funds
Funds
2024
2023
Investments
296
296
378
OTHER INCOME
Unrestricted Restricted
Funds
Funds
2024
2023
Other income
8,440
EXPENDITURE
CHARITABLE ACTIVITIES
Direct
Costs
2024
2023
Grant funded expenditure
Other expenditure
95.805
20.353
95,805
20,353
133,272
16.229
116,158
116,158
149,501
SUPPORT COSTS
Charltable
Activities
2024
2023
Project Costs
Accountancy & Other Professional Fees
General offi¢e costs
Advertlslng & Markeling
Wages and Salaries
Sundry Costs
Travel & Subsistence
Bank Charges
Staff Training
Premise5 Costs
42,975
5,050
11,434
42.975
5,050
11,434
26,905
2,050
12,658
6.200
92,549
4,347
832
203
2.757
1,000
53.299
1,990
75
148
53.299
1,990
75
148
1,187
1,187
116,158
116,158
149,501
13

continued
Loughshore Care Partnership
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
NET INCOMING RESOURCES
2024
2023
Net Incoming Resources are ststed after chargingllcreditingl:
Depreciation of tangible assels
777
INVESTMENT AND OTHER INCOME
2024
2023
Bank interest
296
378
EMPLOYEES AND REMUNERATION
The staff costs comprise:
2024
2023
Wages and salaries
Pension costs
51,163
2,136
99.100
1,575
53,299
100,675
TANGIBLE FIXED ASSETS
Fixtures,
fittings and
equipment
Total
Cost
At 31 March 2024
11,507
11,507
Depreciation
At 31 March 2024
11,507
11,507
Net book value
At 31 March 2024
10.
DEBTORS
2024
2023
Prepayments and accrued income
1,044
1.493
CREDITORS
Amounts falling due within one year
2024
2023
Taxation and social security costs
Accruals and deferred income
176
954
720
1.130
720
12.
RESERVES
2024
2023
At the beginning of the year
(Deficitllsurplus for the financial year
113,575
{8,5611
93.992
19.583
At the end of the year
105,014
113,575
14

continued
Loughshore Care Partnership
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
13.
FUNDS
13.1 RECONCILIATION OF MOVEMENT IN FUNDS
UnrE$triGted Restricted
Funds
Funds
Totsl
Funds
Al 1 April 2022
Movement during the financial year
30,703
2,763
63.289
16,820
93.992
19,583
At 31 March 2023
as previously slated
Prior financial year adjustment
33,466
4.951
80,109
(4,9511
113,S75
At 31 March 2023
Movement during the financial year
38,417
46,985
75.158
(55,5461
113,575
(8,561)
At 31 March 2024
85,402
19.612
105,014
13.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
Income Expenditure
1 April
2023
Transfers
Prior
between
year
funds adjustments
Balance
31 March
2024
Restricted funds
The National
Lottery Community
Fund
24.820
21,224
41.093
14,9511
Amiagh City
Banbridge &
Craigavon Borough
Counol
4,971
4,971
Garfield Weston
12,651
11.897
754
The Community
Foundation
33.173
13,394
27.709
18,858
LFT Charitable
Trust
4,185
4.185
Arts Council of
Northem Ireland
4.280
670
4,950
Sir Jules Thom
Charitablè Trusl
1.000
1,000
80,109
40.259
95.805
(4.951)
19,612
Unrestricted funds
Designated
Projects
23,000
23,000
25.000
25.000
Designated
Contingency
Unreslrided
General
33,466
67.338
20.353
{48.0001
4.951
37,402
33,466
67,338
(20.353}
4.951
85,402
Total funds
113,575
107,597
116,158
105,014
15

continued
Loughshore Care Partnership
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
The Trustees updated their reserve policy during the 2024 financial year and have separately designated two
additional unrestricted reseNes. An arnount of £23,000 has been set aside for specific training and project
work that has been planned along with an additional £25,000 which has been set aside as a separate
contingency reserve. In line with the Reserves policy, the Trustees will continue to review and monitor
reserves on an annual basis.
13.3 ANALYSIS OF NET ASSETS BY FUND
Fixed
assets
- charity use
Current
assets
Current
liabilities
Total
Restricted trust funds
19.612
19,612
Unrestricted general funds
85,488
(1,130)
85,402
1,044
105.100
{1.130)
105,014
14.
TRUSTEE REMUNERATION
None of the Trustees received nor waived any remuneration for their services as Trustees in eilherthe current
or previous financial year.
INDEPENDENT EXAMINERS FEE
Daly Park & Company Ltd. charged an independent examiners fee of £720 for the CLrrrenl financial year (2023
£720). They also invoiced for payroll setvices provided to LCP amounting to £576 for the 2024 financial year
(2023 - £504).
16