Charity Numb•r. NICI013Q4 Loughshore Care Partnership Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025 Daty Park & C¢)mpany Ltd Chartered Accountsnts 4 Carnegie Street Lurgan Co. Artnagh BT66 6AS Northern Ireland
Loughshore Care Partnership CONTENTS Page Reference ar Administrative Infomation Trustees, Annual RetK)rt Statement of Trustees, Reswnsibilrtiog Independent Examinerfs ReFQrt Statement of Finanoal Athvtb"es 10 Balance Sheet 11 Nules lo the Financial Statemerns 12-16
Loughshore Care Partnership REFERENCE AND ADMINISTRATIVE INFORMATION Kevin Fox Edtth Steven50n Mary Slatford Mary Yarr Mary McAlirKlen Charity Number in Northern lrnland NIC101394 RegIst8 Office and Principal Address 1 Maghery Business Centre laghery Ctsunty Tyrone Bucks BT716PA Independent Examln Daty Park & Comparry Ltd Chartered Accountants 4 CarnegE Street Lurgan Co. Amiagh BT66 6AS Northem Irel>nd Principal Banke Danske Bank P O.Box 183 Donegall Squarewesl Belfast Co. Anlrirn BT1 6JS Northèm Ird8nd
Loughshore Care Partnership TRUSTEES, ANNUAL REPORT for the financial yearended 31 March 2025 The Iruslees pie5ent t1[ Tajstees, Annual RepN)rt. combining the DiredoTS' Report and Tru5tees' Report, and the unaudrted financial stslements for financial year ended 31 March 2025. The financial statements are prepared in accordance with the Companie5 Act 201, FRS 102 Tr Financ4al Reporting Standard applicab in the UK and Republic of Ireland" and ACcon11rj and Reporting by Charities.. siatemenl ol Recommended Practice applicable to charilEs preparing their financial StateentS in accordan wrth the Fillanal Reporting Standard applicabje in the UK and Republic of Ireland IFRS 1021. The Trustees, Report contains the inlomiabon rUlled lo te provided in the Trusls' Annual Report under thè statement of Recommended Practe ISORPI guklelines. The trustees of the company are also charity trustees for the puwse of charity law and under the company's constrtLrth)n are kThJwn as membets ofthe boxtd nf ITUSt@Éss. In this report the Iru51ee5 01 Loughshore Carè Partnership present a summary of it5 pury)ose. govemanrE. artwrties. acnievemenis anu iinances foi the financial finanaal year 31 Maf¢h 2025. Thè cornpany is a Fegi51ered charty and hen the report and resutts are presented in a fom which complie3 wlh th8 requirements ol the COmpanS Act and. arthough not obliged lo cornpty wrth the Statement of Recornmended Practi (Charities SORP effeCe January 20151. the otganisation ha5 Impmented Its recommendations where relevant in these financial ststements. Principal Activity LLV delivers a range of 5ervw lor older peop. namety a volunleer daycare Se, a go<xI rnoming servi and a befriending service. Mission, Objectives and Strategy Mission Statement Loughsnoie Lare Partnership was esiablish&J in Augus12LKJ3 as a new and innovalNe proyramme ol care for older persons in isolated rural aieas. The partnet5hip is made up of assoclates from the local slalutory. voluntary Ar community sector. Ils airn Is lo provide locally based heatth and Sla1 cafe setvKes to those Iwing In rural areas of the southem shore5 of Lough Neagh. Public Benefit Statement In setting our objectives and planning our activities for the year the trustee5 have given careful consideration lo the Charity Cornmission for Northern Ireland's guwJance on public benefit lo ensu that the actNrtie5 have helped lo achieve tne tharity's purposes and provhle a tEfft lo the tnerlarEs. The benefits of Loughshore Care Partnet5hip are both clear and directty related lo the charty's aims and objectNes. These benefils are and wll be uernon51raied througn surveys ot satisfaction al the end of any course. increased attendall at levant meetings and advi and guidan sought l)y members, The charity benefioaries ale Ople living in the Lough Neaoh area and Ine surrounding areas. structure. Governance and Management Struciure The Charty 15 an uninCoora organ15ation and govemed by it's constilvtion. The Trustees have uttimate gaI and financial responsibility lor the affai[5 of Loughshore Care Partnership and manage the day to day affairs of the chafity tnem5elve5. Board meetings are held on a tnonlhty or bi-monlhty basis. Ati twslees undertake an induction process which wvers their rOs. spOnsIbl1rtS and main duiEs, etc. Financial Review Tne resu115 for the financial year are sel out in the Statemenl of Financial ActNty. the Balance Sheet and related notes contained within IIEse financial atrUnts. Results and Dividend5 Al the enrj of rhe financial year the wmpany has as5els of £109.04512024- £1(.144) aNJ liabilities of £72012024- £1,130). The nel a55els ofthe company have Inase{l by £3,311_ Reseryes Position and Policy In recent years, Ihe Voluniary I Charity secior has faced snifnt finanaal difficultiès as a whole and the Trustees acknowledge th81 LCP operates in an environments where fthere wll always be unrtaInty over future income sireams and expencjiture requiiernenis given the possibility that unlote5een expensès and liabilities that will ernerge. Ag21nsi tnis background rt IS COnSKJered good practi 10 seek lo build some finanaal reserves which will alk)w us lo meet future cornmitrnents or unfoSeen expenses without a negative impact on our abilty to delwer our service5 or deV0p our business In ine mannei planned.
Loughshore Care Partnership TRUSTEES. ANNUAL REPORT lor the financial year ended 31 March 2025 By holding reserves we are able 1 1. Absorb selbacks and take advanta ofdmnge and 2. De[rnstratE that we have thght through IM)w wè might secure our viabilty beyond the unmediate fure and provKlÈ rdiable Servi over Ihe longer term". 3. Detnonstrat£ to potential furKleT5 that V are effectivety managing our resources. and have glv8n IxJrksidaratiDn to our long-term plarts aThJ vkabilty. There is no absolute level of free reserve5 thai we a5 an organisathjn Sh1 hold but when thking al th8 Ve1 ol fre8 reserves considerats.on shoukj indude.. l. How secure is Wf presentfuThJry. 2. How long would it takè to find 8ltemative SoUS of fur¥Ji 3. If the organisation had to dose. how loThJ w(yJkl il take to up in an ord9rty 4. What costs could be invclved in windirrfJ up? _ consrder Redundancy costs b. Other staffing liabilities induithng matemty I paterity k Legal and accountsncy cxjsts As a general guide an acceplable level offree reserve might be cAldered to be: 1. Sufficignt fr99 reserves to prowde coverfor between 3- 6 months in relation lo kncm liabflities.. arKJ 2. An addttional provision of tsnrestrted reserves for unfoSeen liablit1. LCP continues to review a1 u[131e its SeNe$ on an annual b8$iS to take account of any GhatY3e in Circumsta8. Trusteos The tswstees w1 served throughout financial year, except as noled, re as f(lovts.' Kevin Fox Edith Stevellson Mary Stattord Mary Yarr Mary McAJiTrYen In accordan with the of Association. the director5 relire by tation and. beg el1b. offer themselves for r9418cb. Compliance with Sector-wide Legislation and Standards The company engages prwctively with legislat, StarardS and codes which are developed for sedor. Loughshore Care Pertnership subscTbes to and is CpIlant wth the fonowiThJ.' The Companies Act 2006 The Charities SORP {FRS 12} Loughshorg Caro Partnolship Chairnian's Rgport The senior ¢ib"zens' groups, under Lougftshore Care Parts)eiship ILCPI. continue lo provide vital support lo older adults in the rural Loughshore c(chment area. W9 are d8lwJhted that new membets arKI volunteers have joined our groups- they are very wekome. Our gmup volunteers have damonslrated outstanding knyalty and deluti. ensurro that (wr oloer adutts have a safe and fFiendly spati8 to Ghal. build friKJsfiiw?. tbLI ye15.pt¥ iii d Vt11i¥ty 0[{viLl¥¥I. 1¥1 yi¥dl li1 fvi IIiHI COTnmilmenl lo their communty. Vdunteers also continue to enc(NJrdge new members and support those hesitant to retum lo dutss throLvJh gular cak. Senior Social Clubs and Arts Initiatives Our Senior soc1 Clubs Iformerty Day Care Service) continue lo thrive. offertng a wide range of social and recreational acliviLies. Dui li)9 U)e Sjobl yeaf, LCP 2>U(Axbbfully LIBffiv¥ieiJ ar) [. Qmji1 Nl yi<iiil y1viE lttj LJY i411i¥'t Bru WhilE, bringir4J creative experiences direclty to OLK members. Acknowledging Our Funder5 Without our lunders. we would not be aL4e to provide such a varied pryramme of activrhes. Our ftjnders indud& Soulhem Heath and Socia Care Trust ISHSCTI. Departrnent of Cornmunities. ABC Council. Department of Health. Arts Councll Nl, aThJ k)cal tyjsinesses such as, TesLY). aThJ wsOnS Potatoes. and KE5trd FDDds.
Loughshore Care Partnership TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 3)25 We are Panlcularty grarelul 10 SHSCT. witn whom we nave a servrE Level Agreemeni. This partnership Is exIrnety valuable, allowing us lo meet Ihe venue hire costs ofeath gruup. administrab"on, a1 generdl running cosis. Their advice. supw)rt. and r8gular m88tings 7•rilh our MIllitt8e Cltinue to be pwtive benefiraal. We also thank DART Partnership for their sFgnifi¢anl 8SSiStance in providing transport to the clubs each week. Many of the drivers are volunteers. and they carry (xjt thèir tasks with (we arKI consideration for the elderfy. Actlon Plan The three-year ath.on plan for 2024-2026 h8s ba8n un8nirwisty erxlorsed by LCP as our strategic direction. We are now workiro towdrds the delivery of this plan. vthich serves as a valuable iool to guide our w4yk. Key inib"alives are already underway across our groups 8fKI serv. hel.ng Ll5 athieve the Objtr¥e5 ouuined in the plan. Lough5horo Mlnds Mattgr Prol•et The Loughshor8 Mind5 Matter project (XTrrx4 in Dern 2024. This proFct provided uudBI surwi to 0P19 of all ages IniitYJ the rural Loughshore area. The EIsCt u)ordin8tor, Hazel was acivePy ejaged with lJ(zl gr¢JJps aTrJ worked ABC Cncip and SHSCT staff to secure additional supwrt. Nolabty. we faalilated visits from the Cancer Focus Bus to various venues In thg Loughshore area. through the VeThe neiwork we were able to brir¥J the Canc8r Bus back to the arèa again in re(xnl months. Funded through Ihe Department of Health and the Community Foundation, this project brought energy, creativity. and new experiences to cxjr usef groups and participants. The (ut¢omes were exceNent alld shoEd how the work of Loughshore Care Partnehip is making a real difference in the INgs of thosa who live in thè sough Lough Neagh area. Verve Healthy Living Network LCP is now part of Ihe Verve Healthy Livir@ Neth. covering the rural south Lwh Neagh area. Membership brfngs significant benefits, induding aGcess lo health arvj 1b&ing programmes talk)rJ lo k)cal needs. focusing on healthy lifestyles, rnental and Èmb"onal wdlbèing. and la1 irluSion. The partnership strengthgns community engagernent. increases the avaikbilty of health resources. and prowdes wportunibes for shared leaming with other network members. Hazel. our LoughsJ)ore Communty Hgath chln. h&s maintaintrd acti¥¢ engagement with the group5, providing PEalth advice and support. She has also been present at vafiOUS community events and famity fun days across I Lotjghshore area as part of the Verve Heallhy L7rj Network work. A Big Thank You to Our Volunta•rs LCP extends h8artfelt grab.tude to our volu1rtee fortheir dedi(ztlOWl 8r¥J CurnI1et. Thr efforts serve a5 an inspiring example of community invdvement. We enojurage new vdunte¢rs to pa1pate. de(li¢ab"ng a lew ly)urs each week lo any of our groups. Vdunteering remairts one of the most meaningful ways to contribjte to th8 community and connect with olhets. Acknowledglng Our Team and 0rIng Support Despite challenges in the funding landscape. we ha continued to secure signrficanl finanual supporL Thts sleSs Is largely due lo the dynarnisffl and djication of Mary McAlinden, whose meticubus management of LCP'S finances and deep urKlerstsnding of cornmLtnity development have be instrumenta. We send our wannest wshes to Ihctse who have faced heallh challenges this year. wishin9 Ihem a swft recovery. and axt8nd our con(f0ceS lo those who have experien(%d 1055. Looking to the Future Challenges retnain for LCP. New vcJnleer5 a needed wlw) share our ojmmitrnent to supporting local people. We also need to reach OLrt to those tre isobteil indNidu8ls who may L* unaware of our grwps, activities by promoting awareness of the work we do. LCP is developirwj a social media pserte and is Currenoy wtKJu¢ing p05tws -.and flyers foi the 202612027 s8or Sthlal prCNjramn ofadvltkn. We remain hopsfvl and oplimislic as we (mtinue lo mwntain and imrxove our support for the nal mmunitY around the Loughshore.
Loughshore Care Partnership TRU8TEES' ANNUAL REPORT for the financial year ended 31 March 2025 Approved by the Board of TnEStees on 19 November 2025 and signed on its behalf ty: Marym Trustee linden Mary Yarr Trustee
Loughshore Care Partnership STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial yéai ended 31 March 2025 The truslees, who are also directors of Loughshote Care Partnership for the purposes of company law, are responsble for pièpaiing the finanaal slalernents in a(ran with a[wlicab law and tegulations. Company law reqUIS the trustees as the director5 to prepare fillancial statements for eath finallcial year. Under that law the Iruslees have elected lo prepare the financial statements in ar£ordan with United Kingdorn General Accepied Accounting Pra1 (united Kingdom Accounting Standards and applicable lawl including FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Under ccmpany law Ihe trustees tnusl not approve Ihe flnancL31 siaiements unless they are satL8r1 that they give 3 true and fair view ol the slate of affairs ol the company and of the net In¢orTE or expenditure of the company for that perhJl. In preparing these financial statements. the rrustees are requireil to.. seleci SultaD aC¢OUnting polES and appty them conststentty. make judgements and estimate5 that are reasonable and pren1-. siare whether tne finan¢iai 5taiernentS have l)een prepared in accordance vthh the revant financial reporting framework, identify those standards. and note the effect and the reasons for any material departure from those Standards.. and prèpare the financial statemen15 on the ing ¢onwn basts unless it is inappiijpriale lo presume Ihal the Company will continue in operation. The trustees ¢onfiryT) Ihai they nave (xjMpl vnth Ihe above requirements in pParj the financial statements. The irustees a ie5ponsible for Keeping a(Jequale accounting records that are suffiaent to show and explain the cornpany's InSactionS and disclose vAth reasonab acrJJracy al any time the financial position of the company anrj enaDie tmern lo ensure thai ine financial statements compty wrth the Compan5 Act 2006 They alè also responsible for safeguarding the a55ets ol the company and he for tth'ng 3nable steF6 for the prevention and detection of traud ano otner irregulaniies. Approved by the Board of Trustees on 19 November 2025 and signed on its half lry: Marym Trustee Ilnden Mllry Y*all Trustee
Loughshore Care Partnership INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF LOUGHSHORE CARE PARTNERSHIP We have examined the financial stalemenls of the company for the finanual year ended 31 March 2025. which comprise the Statement of Financial Actwities lincorporaling an Income and Expenditu Accounll, the Balance Sheet nd the related notes. This report 5 rnade solely to the c(Mnpany's member5. a5 a bocty. in accordan with Chapter 3 of Part 16 of the Companies Act 20C6. Our worf( has been urKlertaken so that we mhjht ccffipik the financial statements that we have been engaged to compile, port to the 802rd of Trustees that we have done so. and state those matters that we have agreed to State to them in ths report arKI loi no other purpose. To the fulle51 extent perrnitted by law. we do not acp1 or assume tÈsponsibilty lo anyone other than the company and the wllpany's metnbers. as a body. foi our work, orlor Ihi5 report. Respective rnsponsibilities of trustees and exaniner The company's Iruslees (who are ako the directors of the company for Ihe purpose5 of company bwl are responsib for the preparation of the financial slalements in accordance wrth the quirements of the Cornpanies Act 20(. The cornpany's trustees consKler that an aLsdit is not ¥equire(I for this financial year urKler Chaplei 3 of Part 16 of the Companiès AGt 20CE and that an indePeIent examination required. It is our responsibility to.. examine the financial statements under seciM)n 65 of the ChatttEs Ad". follow the procedures laid down by the general Directions gwen by the Chatrty Comtnission for NortFrrn Iland under section 6519llbl of the Charities Act.. and state whether parts"cular matter5 have ccrfne to OUT attention. Basis of indèpendent examinerfs report We have examined your cornpany financk41 slalements as required urthr sedion 65 of the Charities Act and our xamination was earried out in accordanc8 with th8 9èn8ral Dir8dion8 givan by the Charity Commk8ÈKsn for Northam Ireland undèr sect 65i9iibl of the Charrties Ad. An examination indudes a revEw of the accounting records kept by the company and a comparison of the finanual statements p¥e5ented with those records. tt also includes consideration of any unusual items w disdosures in the financial slatèmÈnts and seeking explanations from the trustees concerning any such matlews. The prCedureS uNJertaken do not piovide all the evKlence that would be required in an audit and consequently no 0.nIon i% gNen as to whethei the accounts present a 'true and fairf vie and the report is lirnrted to those Matters Set out in statement below. In connedK)n wth our examination, no matter has coma to attention which gives us use lo believe that in, any material rèsped.. accoufiling records were nol kept in accordan with sedK&n 386 ofthè Cornpans Act 2CK6 the financial statements do not accord wrth those acctyjnting records the finanaal slalements have not been prepared in acujrdance wrth accounting requiremerrt5 of section 396 of the Companie5 Act 2006 and with the methods aThJ principÈs of the Statement of Recommended Practi applicable to chanties preparing their acc4Junts in accordance the Financial ReportiNJ Standard applicable in the UK and Republ of Ireland IFRS1021 there is furthèr information ned for a proper unde¥standing of the accounts lo i teaGld. Independentexarninerfs statement VVE have tvj (x)ncei s and have corne acrc6s no ¢Xher matters In conneaion wrtn tne examiftation to F¢h atteniion sho be drawn report in orderto enable a prcyer uThlèrslandiNJ of Ihe finanual slaternen15 to be reached. PARK & COMPANY LTD rtered Accountants arnegie Street Luigan Co.Armagh BT66 SAS Northern ltsland Date: 19 November 2025
Loughshore Care Partnership STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and ExpenditurÈAetoutrtl for the financial year ended 31 March 2025 Unrestricted Restricted Funds Funds 2025 2025 Totsl Unrp5tricted Restrided Funds Funds Funds 202S 21r24 2024 Total Funds 2024 Incoming Resources Voiuniary Income Investments 30.672 1,087 14.074 44,746 1,7 67,042 107,3)1 Total incoming resources 31,759 14.074 45.833 40.259 107,597 Resources Expended Chantabte a¢tNrtÈs 14.782 27,740 42,522 20.353 116.158 N&t IncomInOUt90In9 resources before transfers 16.977 113,6661 3.311 46.985 155,5161 18.5611 G1055 transfer5 between funds Priorfinancial year adiuslmenl Net movement in fund5 for the financial year 4.951 14,9511 17,365 {14.0541 3.311 51,936 160,497} 18,5611 Reconciliation ot lunds: Total funds beginning of the year 12 85,4Q2 19.612 105,014 80,1CVJ 113,575 Total funds atthe end of the year 102,767 10B.325 65,402 19,612 105.014 The Statement of Finanaal ActsVes includes all gains and losses re¢tyJnised in the finawal year. l incorne and expenditure relate to continuing aCtivrts. Ttrw. rwp4 1?tn 1Rftytn tk7rt rrflhp firrial 10
Loughshore Care Partnership Company Numbcr. BALANCE SHEET as at 31 Marth 2025 2025 2024 Notes Currènt Assets Debtors Cash at bank and in haThJ 1,283 107,762 105.100 109.045 1(E.144 Creditors: Amounts falling due wthin one year 10 17201 11,1301 Net Currènt Assets 108,325 105.014 Total Assets18ss CurrentLiabilities 108,32S 11%.014 Funds Re51ricled trust funds Desunated funds IUnrestn"ded} General fund lunrestridlI 5.558 48,000 54,767 19.612 48,000 37,402 Total funds 12 108.325 105,014 These financial slalemenls have been prepared in accA)ran wrth the SKwial provisions lating lo small compan$ within Part 15 of the Cc*npanies Act 21X)6. For the financial year ended 31 March 2025 the ¢ornpany was entrtled to exemplion from audrt unlkr se¢tion 477 of the CDmpallle5 Acr 2006., aTh# no notice has t)een depoSnl urKJer 5eciion 416. The trustees confitrn that the members have not required company to obtain an audit of its financial statements for the financial year in quesborb in accordance wlh section 476 of the Companies Act 20(k8. The trustees acknovAedge their responsibil1l$ for ensurirvJ that the cornpany keeps accounting records whh coThp with section 386 and lor Pparing fin8n¢ial Slalernents which gNe a true and fair eW of the state of atrdirs of the company as at the end of the finanrial year and of rts profit and h)ss for the financial year In accordance with the requirements of sedion5 394 and 395 and whh othemse compty with the requirements of the Cornpanies Act 2CM)6 relating to firnala1 ststernents, so far as appluble to the cixnparry. Approved by thè Board of Trustees and authorised for Issuè on 19 Novemtrw 2025 and signed on its beha Mary MCA" TrLESteo dèn Mary Yarr Trustso rhyes ptye5 t2 10 16ftwm pwtdtlpfmarKial 11
Loughshore Care Partnership NOTES TO THE FINANCIAL STATEMENTS lor the financial year ended 31 Maich 2025 GENERAL INFORMATION L¢)UghshO Care Partnership is a company Iimrted by Sha incorporated in Northem Ireland. The registed office ol the company Is 1 Maghery Business Centie. Maghery, County Tyrone. 8ucks, BT116PA which Is tJl¥u Ilie principal pbce of L>uslness of the company I ne financial slalemenls have been presented in Pound 1£) whiGh Is also the fun¢tional currenry of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POUCIES The following accounting policies have been applied consi%lentty in dealing with rtems whKh are consKlered maierlai In reialion TO Ihe charity's hnanaal statements. Bd515 of PfEpaFaUon The financial slalements have iEen prepared on the going concem basis uTrJer the hstorical cost convention. ¢xJified lo indude certain rterns at lair value. The financial slalemenls have been prepa in accordan th the Statement of Recommended Practi ISORPI "Acix>unling and Reporting by Charitie5 preparing their accounts in accoidance 4%7th the Finanual Reporting Standard applicabk in the UK and Republic of IrelarKI FRS 102" As pemiitted by the Companies Ad 20CE. the cunpany ha5 vafied standard fomials in that act for the Statetneni of Flnanclai Aclivrties anij ihe Balan sht. Llepartures fr(xn the standard formats are lo Compty wrth the requitements of the Charib'es SORP and are in wnpliance th section 4.7, 10_6 and 15.2 of that SORP. Stat8ment of cr)mpllance The financial statements of the company for the finanal year ended 31 oember 2017 have been prepared on the going conrn basls anu in aO[lIan wrtn the btatement of Recommended Practice ISORPI 'Accounting and RerKJrting iy Chanties preparing It1[ acLyJunts in accordan wrth the Finanaal Reporting Slandatd applKabk in the and Republ of Iteland FRS 102" Cash flow ststement The company has aVald of the exemption in FRS 102 from the wuirement lo prluce a cash flow sldleTt)enl becaLt5e it dassrfEd as a small company. Incoming Resources Voluntary incorne or cap¢tal is induded in the Slalernenl of Finanaal ActivrtEs when the compary is *ally eniiiied IO 11, 115 financial value can De qu3ntrtEd wrth reasonable rtaInty and there is reasonable rtaINty of its ultitnale ieceipt EntitMent to legacies is nSIdered èslab115hed wtrEn the compatiy ha5 been notified of a Uistiibulion io rna(Se by ihe executors. Income re1ve{l In a0Van ol due perforrnarTrce under a contra¢l accounted for as deferred incorne until eamed. Grants activrties are Tecognised as incorne when the related cOndiOnS for iegai entrtiemeni have l)een rnel. All olher Incorne s a¢¢ounled lor on an accruals basis. Resource5 Expended All re50ufGe5 expended are accounted for on an accruals basis. Charitable activiks include Ix)sts of serve$ and grants, support costs and depre¢ialion on related asse15. Costs of generating funds similarfy include fundra15ing aclivrtE5. Non-staff c051s not attribut to one category of actNty are allocated or 3prx)rtioned prTrrala lo the staffing of the relevant seN1_ Finan. HR. IT and administrative staff cAJsts are direct attributable to indNKlual actrvrtEs by objective. G0Veman costs are those ass(Kialed wth constitutional and 51alutory requirements. Tangibte fixed assets and depreciation Tangible fixed a55els are slated al cost or at valuation. $ accumulated depreciation. The charqe to depieciation is calculated to wrrte off the onginal cost or valuation of tangib frxed assets. kss their eslim8led residual value. ober their exp&ted useful INes as follows.. Fixtures, fittings and equip¥Tl 20% Sti8h1 I 12
continued Loughshore Care PartnÈrship NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 Debtors tkbtors are recognised at ihe settlement amount due after any discount offered. ppaYMents are valued at the amount prep3id net of any trade discounts due. Income CogniSed by the the company fr 9overnrnent agencies and ollEr cfunderS. but rK)l yet recew&J at year end. is Induded in debtors. ash at bank and in hand Cash at bank and in hand cornprise5 cash on dep(tsit al banks requiring than three months notice of withdrawal. Taxation No current OT defèrred taxation arises as the cornpany has teen granted chariiable exemption. 1[¢x>Verab1e valued added tax 15 expensed as InCud. INCOME t)ONATIONS AND LEGACIES 2025 2024 Funds Funds GRAs RECEIVED 30,672 14.074 44,746 107.301 INVESTMENTS Unstiled Restricted Funds Funds 2025 2024 Investmenis 1.087 1.087 EXPENDuRE CHARITABLE ACTIVITIES DirBCt Sup Costs 2025 2024 TOTAL EXPENDITURE 116158 Proect costs Ac£ountancy & profèssitsnal General ¢ts 30N26 930 42,975 5.050 930 2,678 11,434 Vvages Sundry costs Bank charges Travel 53,299 1,990 75 3.378 175 175 251 251 Premises cc6ts 187 41,418 1,106 42.522 116.158 202S 2024 INVESTME AND OTHER INCOME Bank interest 1.087 13
continued Loughshore Care Partnership NOTES TO THE FINANCIAL STATEMENTS for the fiTrancial year ended 31 March 2025 EMPLOYEES AND REMUNERATION The staff costs comprEe. 2025 2Q4 Wages aTrJ saL4ries Pen¥ion 4,684 51,163 2,13 4,684 53,299 TANGIBLE FIXED ASSETS FiKtures. ffttFngs and quipment Total At 31 March 2025 11,507 D¢pTefjidtion At 31 MarGh 11.SOT 11,507 N*t book value A131 March 2025 DEBTORS 2025 2024 Prepayments and aCcnd income 1,283 10. CREDrroRS Amounts falling due within one year 2025 2024 Taxation and social securty cc6ts Accrua13 end deferred income 176 954 720 720 1.130 11. RESERVES 2025 2(Y24 At the beginning of the year SurplvsllDefi¢ill forlhe financi41 y 105.014 3,311 113,575 18,5611 Al the end of the y 108,325 105,014 14
continued
Loughshore Care Partnership NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
| 12. | FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| 12.1 | RECONCILIATION OF MOVEMENT IN FUNDS | RECONCILIATION OF MOVEMENT IN FUNDS | Un restricted | Restricted | Total | ||
| Funds | Funds | Funds | |||||
| £ | £ | £ | |||||
| At 1 April 2023 | 33,466 | 80,109 | 113,575 | ||||
| Movement during the financial year | 51,936 | (60,497} | (8,561} | ||||
| At 31 March 2024 | 85,402 | 19,612 | 105,014 | ||||
| Movement during the financial year | 17,365 | (14,054} | 3,311 | ||||
| At 31 March 2025 | 102,767 | 5,558 | 108,325 | ||||
| 12.2 | ANALYSIS OF MOVEMENTS ON FUNDS | ||||||
| Balance | Income | Expenditure | Transfers | Balance | |||
| 1 April | 1 April | between | 31 March | ||||
| 2024 | funds | 2025 | |||||
| £ | £ | £ | £ | £ | |||
| Restricted funds | |||||||
| Armagh City Banbridge & | 3,261 | 3,627 | 366 | ||||
| Craigavon Borough Council | |||||||
| Centre for Ageing Better | 650 | 650 | |||||
| Garfield Weston | 754 | (754) | |||||
| The Community Foundation | 18,858 | 4,533 | 23,391 | ||||
| LFT Charitable Trust | 500 | 500 | |||||
| Arts Council of Northern Ireland | 5,130 | 722 | 4,408 | ||||
| 19,612 | 14,074 | 27,740 | (388) | 5,558 | |||
| Unrestricted funds | |||||||
| Unrestricted - Projects | 23,000 | 23,000 | |||||
| Unrestricted - Contingency | 25,000 | 25,000 | |||||
| Unrestricted General | 37,402 | 31,759 | 14,782 | 388 | 54,767 | ||
| 85,402 | 31,759 | (14,782} | 388 | 102,767 | |||
| Total funds | 105,014 | 45,833 | 42,522 | 108,325 |
12.3 ANALYSIS OF NET ASSETS BY FUND
| Fixed | Current | Current | Total | |
|---|---|---|---|---|
| assets | assets | liabilities | ||
| - charity use | ||||
| £ | £ | £ | £ | |
| Restricted trust funds | 5,558 | 5,558 | ||
| Unrestricted general funds | 103,487 | **(720) ** | 102,767 | |
| 109,045 | (720) | 108,325 |
13. POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
14. TRUSTEE REMUNERATION
None of the Trustees received nor waived any remuneration for their services as Trustees in eijher the current or previous financial year. Rent totalling £1,320 was paid to a company in which one of the Trustees is a director (2024 - £1300). All of the expenditure is at arms length and helped to strengthen the charity's operations in response to current demands. Trustees are also reimbursed for costs paid directly by them for the charity.
15
continued Loughshore Care Partnership NOTES TO THE FINANCIAL STATEMENTS for the financial yea( ende(131 MarGh 2025 15. INDEPENDENT EL4MINERS FEE Oaty Pat10 & Company Ltd. charged an independent exarniners lee of £720 for the cuiient rinancial year12024 £7201. They also invold foi payrdl ServIS provided lo LCP amounting to £126 foi the 2025 financial year 12024- £5761. 16