Registration number N1605096 Lenadoon Community Forum Company limited by guydrantee Annual, report and financial statements for the year ended 31 Mareh 2023
Lenadoon Community Forum Contents Page Directors, report Audilurs. repori St£ilciiiciil vf Fi114111Lldl ALiiviiies Balancc 5hcct Cash flow 3tot¢nicnt 12 Notes to thc financial statcmcnt3 13-20
Lenadoon Community Forum Directors, Report for the year ended 31 March 2023 The Directors present their report with the audited financial statements for the year ended 31 March 2023. The accounts have been prepared in accordance with the accounling policies set out in note I to the accounts and comply with the Chlty,S Memorandum and Articles of Association, th¢ Companies Act ?006 and Accounting and Reporting by CE]arilies.' Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in nclDher 2019" Reference and Administrative Information Chanty Name.. Lenadoon Community Forum Charity Registration numb¢r'. XR60513 Company R¢gistration numbcr.. Nl 605096 Registered Office.. Glen Community Complex,41c Suffolk Road, Belfast, BTI 19PE Business Address: Glen Community Complex,41c Suffolk Road, Belfast, BTI19PE Directors Tim Smith (cha]ersOn) Michael Dohcrty (VILC Chairperson) Dcirdrc McKcarncy (Sccrctary) Paul Niblock (Treasurer) Glen Philips (Director) Audltors Mccreery Turkington Stockman LTD, l Lanyon Quay, Belfast. BTI 3LG Bankers First Trust Bank Ltd. Univcrsity Road , Belfast Bank of Ireland, 202 Andersonstown Rd, Belfast Page I
Lenadoon Community Forum
Directors, Report
for the year ended 31 March 2023
Structure, Governance and Management
Governln2 Document
The organisation is a charitable company limited by guarantce, incorporatcd on 12 Nov¢mber 2010 and was
registcrcd a5 a charity in 1992. The company was eslablished under a Memnran(liim of Aq%nciAtion which
established the objects and powers of the charitablc company and is governed under its Articles of
Association. In the event of the company bcing wound up members are required io contributc an amount not
excc¢ding £1.
Recrultment And Appofintment of Dircctors
The Dircctors of the company are also Charity trustees for the purposes of charity law. Under the requirements
of the Memorandum and Articles of Association thc Dircctors hold offiLc until the next Annu
Lenadoon Communlty Forum Directors, Report for the year ended 31 March 2023 Objectives and Activities The Lenadoon Community Forum will work towards creating a stable, secure, confident community in LriidduuIi. Tli¢ ubJcLliVV Of Itl¢ LUIIIPdliy shiill b¥ LU prumvie Ihe benefii L)f Ihe inhiibiiiinis uf Ihe Lenddoon estate and its neighbourhood by associating together with said inhabitants and the local authorities, voluntary and othcr organisations in a common effort to provide or securc the provision of social services, educational and rccrcational facilitics for ull scctions of thc community i.c. youth, cldcrly pcoplc with spccial ncLds or who are disabled, women, men, children, the unemployed and other disadvantaged groups within the area in the interest of social welfare. Achievements Vdnd Performance The past twelve months saw an increase in th¢ numbcr of referrals to th¢ Forum's Community Counscllin Project. Unfortunately, this resulted in an increase in our waiting list. Following the rcstructuring of the Service, delivery is more etTicient. Funding from the Domant Accounts Fund, the Mental Health Fund. Henry Smith. Halifax, City Council. BHSCT. PHA and V.S.S. has ensured we are able to respond to the need. The Forum Staff team provided invaluable assistance to the Member Groups of the Forum who requested it. Our Training for Empluyment Project delivered accreditcd courses and qualifications to individuals. We were only ablc to offcr a grcatly rcduccd numbcr of classes. Fun(ling fram the%e claN%e% carne fr()m qRRP, NTHF and B.C.C. Wc w¢rc glad to secure funding from the City Council which will ensur¢ ¢l¢lSSCS for thrce years. Our Community Counsclling Project delivered over 5,000 individual Loun5cllingF Scssions to individuals rcf¢rrcd to ihc Projcct. Wc continu¢d to dclivci. on S¢rvi¥c Lvvil Agi'Lciiiciiti fiuiii Pl IA, DI ISCT diid V.S.S. Wc reslructured the Weekend Intervention Service, and ihis rcsultcd in additional clients being seen on Saturdays and Sundays. Our Self Ham) Intervention Programme saw an increas¢ in rcferrals and sessions offered to clients, We were successful in our Tender to B.H.S.C,T. for th¢ Talking Thcrapics Hub, howcvcr the level of funding from thc Trust was reduced again as a result of thc Tcndcr. This was dcspitc our over dclivcry on thLir Contract. Wc havc conccrns in rclation to our Contracts with BHSCT for thc Hub referrals as this funding has decrea%ed drcqmaliciilly thiq pAqt three years. We are .Ilso in discussions with CWA M¢mb¢rs about vur futurc involvL'ment in the SHIP Contract. We lost scv¢ral long standing members of staff at Lenadoon Counsclling, Insecurity of funding means we can't offer contracts foi any longcr than 12 Months and staff are moving to.iobs that can guarantee longer tenn contract.s. The Development Team oversaw a number of local New Build Developments and planned Programmes of Improvemeni Wnrk. They algn hxndled qcoreq of hoiisin8 and environmontal ¢omplaints ond qu¢rics. Th¢ staff organised and facilitated bi-monthly meetings ot LCFS Member Groups In the Glen Community Compl¢x and also the Lenadoon Housing. Environmental and Community Safety Network Meetings which were held in the Complex also. Meetings were organised and facilitated by the rjevelopmenl ledm for local residents and community groups around propos¢d Housing and Environmental Schemes and Initiatives in the Glen Complex. Work eventually commenced on a new Housing Development on the Old Scrapyard Sitc on the Suffolk Road. Thc demolition of the flats at Corrib Avenue also started and we await the construction of new homes. We also facilitated m¢ctings of the Cross Sectoral Woodbourne Working Group and hope that work will commcnc¢ on thc Site in 2024. Page 3
Lenadoon Community Forum Directors, Report for the year ended 31 March 2023 Thc Dircctors of Lcnadoon Community Forum mct on a bi-monthly ha.%i.% t(Tr (Trver%ce the iTnpleTnentation and delivery of the Forum's strategic priorities. The Directors are indebted to our funders and in particular Department for Communities. SRRP, PHA, BHSCT, City Council. V.S.S, CFNI. Henry Smith and Halifax Foundation. The Trading Surplus from SRRP cnabled us to kccp the Training and Education Courses going, donations to Member Groups and ensured thai local residenls received a free copy of our Community Magazine every quarter. A word of acknowledgement to our Mcmber Groups whose volunteers worked over the past 12 months to improve the quality of life for local people. With Capacity Grant Funding secured from Belfast City Council, we look forward to consulting and d¢v¢loping a strategi¢ 5 y¢ar "Lenadoon P¢opl¢s Plan" over the next 18 months. FinanciYdR Review Due to the huge demand for our Services the Forum has had to meet additional and increasing costs. The Forutn's Dircctors aIid Pi'oj¢LI Co-ordiIi<ilvis will nicel ill ilie iIiLviiiiiig ye¢if iu iiddre55 ihi5 issue. Principal Funding Sources The principal sources ot"funding were DFC, PHA, BCC. SRRP. BHSCT, V.S.S., Dormant Accounts, Mental Health Fund, Henry Smith Charitablc Trust and Halifax Foundation. Investment policy Any surplus funds ar¢ transferred into short t¢rn] savings accounts for investment. Reserves Pollcy Thc Dir¢ctors rctain funds in th¢ charity in order to providc su1ClLnI working capilal to facilitatc the ongoing activities. The target for unrestricted fund reserves is six months support costs. Volunteers The charity is appreciative of the efforts of its volunteers who are involved in service provision. Page 4
Lenadoon Community Forum Directors, Report for the year ended 31 March 2023 Statement of Directors, Responsibilltfies The directors are responsible for prcparing th¢ Directors Report and the financial statements in accordance with applicablc law and Unitcd Kingdoin Accounting Siandards (Uniled Kingdom Generally Acc¢pted Accounting Practice). c.ompany law reqiiire% the directors to pr¢parc financial stat¢mcnt3 for cach fIn]rial ycai., wliiLh giv¢ ¢1 irue and fair vicw of the state of affairs of the company and of the incoming resourc¢s and application of rcsourccs, including the incomL and expenditure, of the charitable company for the year. In preparing those financial statcmcnts thc dircclors are required to: select suitable accounting policies and then apply them consistcntly; observe the methods and principles in the Chariti¢s SORP: makc judgments and estimates that are reasonable and prudent; state whcthcr applicable UK Accounting Standards have been followcd. subject to any material departures disclos¢d and cxplaincd in Ihe financial staletnents,. prepare thc financial statcments on thc going concern basis unless it is inappropriate to presum¢ that th¢ company will continue in operation. The dircctors arc rcsponsible tor kL'L'ping propcr accounting rcLords which disclose with reasonable accuracy at any tim¢ the financial position of the company and to cnablc them to ensur¢ that th¢ financi(Il stalcments comply with the Companies Act 2006. Thcy arc also rcsponsiblc for safcguarding the a.ssets of the Lompany and hcn¢c fui. tdkin¥ redsull4ible steps for the prcv¢ntion and dctectton ot. fraud and uther irregularitics, Auditors The auditors are dccmed to be reappointed in accordance with Section 487(2) of the Companies Act 2006. Each of the trustccs has confrncd that thcrc i)* no informdtion of whiLh they are aware which is relevant to the audit, but of which th¢ auditor is is unaware. They have further confirmed thal they have taken appropriate steps to identify such relevant infonnation and to cstablish that the auditor is aware of such inforniation. This report was approved by the Board on 20th September 2023 Michael Doherty Director Page 5
Lenadoon Community Forum Independent auditors, report to the members of Lenadoon Community Forum Opinion We have audited the financial statements of Lenadoon Community Forum for the year end¢d 31 March 2023 which comprise the Statement of Financial Activities , the Balance Sheet. the Cash Flow Statement and notes to the finanLidl statLmcnt%, including significant accounting policie%.The financial rLPOrting framework that has been applied in their preparation is applicable law and United Klngdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard appliLable in the UK and Republic of Ircland (Unitcd Kingdom Gcncrally Acccptcd Accounting Practice). Tn our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming rcsour¢¢8 Ld application of ro30urcc6, for thc Ycar th¢n cndcd. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicablc law. Uur responsibilities under those standards arc turther described in the Auditor's responsibilities for thc audit of thc financial statcmcnts section of our report. We are independent of the charity in accordance with Ihc cthical requircmenls that are relevant lo oiir audit of the financial Statements in the UK, including the FRC's EIliiLiil Sidiiddid, &iIid wv Ii<lVV fuifill¢d uur uiher eihiLdl responsibiliiies in aLLurdance with Ihesc requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial statcmcnts, wc have concluded that the trustees, use of the going concern basis of accounting in the prepArAtinn ()f the financial £tAle.mentK 1% appr()priAte Based on the work wc havc perfonned, wc havc not idcntified any material uncertainties relating to ¢v¢nts or conditions that, individually or collectively. may cast significant doubt on the ch(Iritable company's ability to continue as a going concern for a period of at least twelve months from when the financial statement.8 are authorised for issue. However. as wc cannot predict all future evenls or conditions and as subsequent event5 may resuli in outcomes that are inconsistent with judgements that were reasonable at the timc they were made. the abscnce of reference to a material uncertainty in this auditor's report is not a guarantee that the Company will continue in operation. Our responsibilitics and thc responsibilities of th¢ trustees with resp¢ct to bFvinbi conrcrn are debcribed in the relevant sections of this report. Other Information The other inforniation comprises the inforn]ation included in the annual report, other than the 2ccoiints and our auditors report thereon. The trustees are responsible for the other infonnation. Our opinion on the accounts does not cover the other infonnation and we do not express any form of assurance conclusion thereon. In connection with our audit of the accounts, our responsibility is to read the othcr inforn]ation and. in doing so, considcr whether thc other infonnation is materially inconsistent with the accounts or our knowlcdge obtaincd in the audit or othcnvise appears to be mat¢rially mksstat¢d. If wc idcntify such matcrial inconsist¢ncics or apparent material misstatements. we are required to deterniinc whether there is a material misstaterncnt in the accounts or a material misstatement of the othcr infomlation. If, bascd on the work we have perfornied, we conclude that there is a material misstatement of this other inforniation, we are required to report that fact. Wr hdve nothing to repon in this regard. Pfégc 6
Lenadoon Community Forum Independent auditors, report to the members of Lenadoon Communitv Forum continued Opinions on other matters prcscribcd by th¢ Compani¢5 Acl 2000 In our opinion, bascd on the work und¢rliiken in the course of our audit.. the infomiation given in th¢ tnistc¢s' Rcport. which includes the dircctors. report pr¢par¢d for th¢ purposes of ¢ompany law, for thc financial ycar fui wliiLlI lh¢ findncial Statements are prcpared is consistent with the financial statements,. and the directors, r¢port included within the truste¢s' report has been prepared in accordance with applicable legal ICqUiIfliiCilLS. Matters on whleh we are required to report by exception We have nothing to report In respect of ihe following matters in relation to which ihe Companies Act 2006 requires us to report to you if, in our opinion.. tli¢ infuitn<iCion given in the financial statements Is inconsistent in any material respect with the tru5tees' report. or sufficicnt accounting rcLoi'ds li<iVe noi been kept. or thc financial statcments are nol in agreement with the accounting records; or w¢ have not rcceived all the inforn]ation and explanations w¢ require for our audit. Responsibilitle5 of trustees As explaincd more fully in the Statcmcnl of trustccs, Rcsponsibililies, the trustees, who are also thc Dircctors of the charity for th¢ purposc of company law, arc rcspviisible for lh¢ preparation of the accounts and tor being satisficd that they give a truc and fair view, and for such internal control as the committce dctemiine is n¢ces5ary to enable the preparation of accounts that are frec from material misstatement, whether due to fraud or error. In prep<iring thc accounts, the trustees arc responsible for assessing the charity's ability to continue as a going concern, disclosing. as applicablc. matters relale(I i(J going concern and using th¢ going con¢crn basis of accounting unless the trustees either intend to liquidate the charity or to ccase operations, or have no realisti alternative but lo do so. Auditor's responsibllltles for the audit of the flnanclal statements Our objcctiY¢s arc to obiaiIi I'Ld%C?Il¢ililL dSSUldllLe dbvul wli¥ttiii Ihc. financial siarements as a whole are frec from material misstatement, whether due to fraud or error. and to issuc an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantce that an audit conducled in accordance with ISAS (UK) will always detect a material misstatement when it exigtg. Misstatements can arise from fraud or error and are considcrcd material if, individually 01 in the aggregatc, they could rcasonably bc expected to influcncc thc cconomic decisions of users tdkcn on the basis of these financial statements. Page 7
Lenadoon Community Forum Extent to which the audit Ivas capable of detectlng Irregularities, including fraud Irrcgularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibililies, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our proceduies are capable of detecting irregularities. including fraud is detailed below: We identitied the areas ot- laws and regulations that could reasonably be expected to have 2 maierial effeci on the financial statements and risks of malerial misstatement due to fraud, using our understandlng of the entity's industry, regulatory environment and other external factors and inquiry with the Trustees. In addition, our risk assessmeni pruLeLlures inLlud¢d'. inquiriiig willi ilic Tiusl¢cs lu ili¢ ili&lLilics puliiicb (uid proccdui'cs regarding compliance with law% and rcgulations and prevention and detection of fraud. inquiring whether the Trustees have knowledge of any actual or suspected non-compliance with laws or regulations or ollcscd fraud. in3P¢Gting thc charitics rcsulatory and Icsol corrcbpondcnc¢; and rcadins Board minut¢s. We discussed identified laws and regulations, fraud risk factors and the need to remain alert among thc audit The charity is subject to laws and rcgulations that directly affect the financial statcmcnts charity and financial reporting lexislatinn. We a%se%4cd the exlenl of compliance with these laws and regulationg as part of our procedures on the related financial staternent items, including assessing the financi411 statemcnt disclosures and agrccing thcm to supporting documcntation wh¢n ncccssary. The charity is subject to many other laws and regulations where the conscquences of non-compliance could havc a material effect on amounts or disclosurcs in the financial statcments, for instance through the imposition of fines or liligation. We idcntificd ihc following arcas as those most lik¢ly io hav¢ such an effect: health and safety, anti-bribery, employment law. environmental law. Auditing standards limit thc rcquircd audit proccdurcs to idcntify non-compliance with thcsc non-dircct laws and regulations to inquiry of the Trustees and inspection of regulatory and legal correspondence, if any. These limited procedures did not identify actual or suspected non- complian¢c. We &issessed events or Londiiiuns ihai could indicare an incentive or pressure to comrnit fraud or provide an opportunity to commit fraud. A£ required by auditing standards, we pertornied procedures to address the risk of management override of controls. On this audit we do not bclicvc thcre is a fraud risk related to revenue rccognition. Wc did nol idcnli fy any dddition<il fr41ud risks. In response to risk of fraud, we also pcrfornied procedures including.. identifying journal entries to test based on risk criteria and comparing thc idcntified entries to supporting docurnentation,. cvaluating the busincss piiTri)¥e <iBn ific.qnt iiniiguul transa¢tions j ass¢sains ¥ÈbnitiFont ac¢ountins G)tiiiiutis fvi bid)" diid i155¢55111¥ the disclosures in the financial statements. Owing to the inherent limitalions of an audit, there is an unavoidablc risk that wc may not hav¢ dctcctcd some material misstatements in the financial statemcnts, even though wc have propcrly planncd and perfomied our audit in accordance with auditing standards. For cxample, the furthcr removed non- complianc¢ with laws and regulations { irregularitics) is from the events and transaction% reflected in the fin2ncial statements, the less likely the inherently limited procedures required by auditing standards would identify it. Page 8
Lenadoon Community Forum In addition, as with any audit, there remains a highei risk of non-detection of irregularities, as these may involve Collusion. forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non- compliance with all laws and regulations. A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council's websit¢ at: http:Ilwww.frc.ors.uklauditors rcsponsibiliti¢s. This d¢scription fomis part of our auditor's rcport, The purpose of our Audit work and to whom we owe our responsibllities This report is made solely to the chanrable company's members. as a body. in accordance with Chapier 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we arc required to state to tem in an auditors, report and for no othcr purposc. To thc fullcst cxtcnt pcrmittcd by law. wc dv not dLLCPt or dSSUIIIC i-c5puiisibility to aiiyonc othcr than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have forn)ed. Richard Meclay FCA (Senlor Statutory Audltor) For and on behalf of Mecreery Turkington Stockman LTD l Lanyon Quay BELFAST BTI 3LG Chartered Accountants 20th September 2023 Page 9
Lenadoon Communlty Forum Statement of Financial Actlvities (Including Summary Income and Expenditure Account) for the year ended 31 March 2023 Unrestrlcted Restrlcted Funds Funds Total Total 2023 2023 2023 2022 Income from: Charitabl¢ activities Notes 611,038 611,038 567.320 Total Incomlng resources 611.038 611,038 567,320 Exp¢nditurc on: Charitable activiti¢s (504,048)(504,048) (492,807) Total resources expended (504,048)(504,048) (492,807) Nel Incunie befvre transferb 106,990 106,990 74,513 Net Incomlng resources 106,990 106,990 74,513 Fund balances brought fonvard 124,571 124,571 50.058 Fund balances carried forivard 211,£61 211,561 124,571 All uf ihe above results are derived from continuing gains and losses recogniscd in the year are included above. The notes on pages 13 to 20 form an inte2ral part of these financial statements. Page 10
Lenadoon Community Forum Balance sheet as at 31 March 2023 2023 2022 Notes Fixed assets Tangible assets 11,946 14,933 Current assets Cash at bank and in hand 221,115 126,138 221,115 126,138 Creditors: Amounts falllng due within one year ( I,-$00) (16,500) Net eurrent assets 219,615 109,638 Nct aJJ¢tJ 231,561 124,571 Capital and reserves RLstricted funds 231.561 124.571 Total funds 231.561 124.571 The financial statements were approved by the Directors on 20 September 2023 and signed and approved for issue on its behalf by Michael Doherty Director The notes on pages 13 to 20 form an Integral part of these financiAI statements. Pagell
Lenadoon Community Forum Cash flow statement for the year ended 31 March 2023 2023 2022 Net income l (expenditure) for the year Dcprcciation (Decrease) in creditors 106.990 2,987 (15,000) 74,-$13 3,733 15,000 Net cash Inflow from operating activities 94,977 93.246 Cash floiv statement Net cash inflow from operating activiti¢s 94.977 93,246 Cash flow from Investing actlvltles Payments to acquirc langiblc fixcd asscts Increase in cash in the year (16,020) 94.977 77,226 Reconclllatlon of net cash flow to movcmcnt in net funds Increase in cash in the year Crd$h and ¢4sh equivolcntj at l April 2022 Cash and cash equlvalents at 31 March 2023 94.977 126.138 77,226 41S,912 221,115 126,138 Page 12
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2023 Accounting policies Company information Lenadoon Community Forum is a Company limited by guarantee, registered in Northern Ireland. The address of the registered offic¢ is 41 c Suffolk Road, BelfdSt, BT I19PE. Accounting convention The accounts havc bccn preparcd in accordanc¢ with the charity's Memorandum and Articl¢s of Association, the Companies Act 2006 and"Accounting and Reporting by Lharitics.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rcporting Standard applicable in Ihc UK and R¢publi¢ of Ireland published in October 2019 The chanty is a Public ljenefit Entity as defined by FRS 102. The r)nancial sldtements are prepared in sterling, which is the functional currency of the company. Monctary amounts in these financial statcmcnts arc rounded to the nearest £. 1.2. Resources expended All expenditiire 14 accounted for on an accrualg ba8is. Expenditurc is recognised wherc thcre is a Icgal or constructive obligation to make paymcnt5 to third partie%, it is probablc that the Settlement will be required. and the amount of thc obligation can be measured reliably. Ineomlng r¢$our¢¢s Income is recognised when the charity is Icgally cntitlcd to it aftcr any pcrfomiance conditions have been met. the amounts can be measured reliably. and il is probable that income will be received. Cash donations (irc rc¢ognibcd on rci¢ipt. Othcr dvii<ivns iirv r¢¥vgIiis¢d unLe the Lh£irity hilb been notificd of thc donation, unlcss perfomiance conditions require defe3] of the amount. Income tax recovcrable in rclation to donations r¢ceived under Gift Aid or deeds of covenant is r¢cognised at the time of the donation. Legacies are recogniscd on reccipt or othenvise if the charity has bccn notificd of an impending distribution, th¢ amount is known, and rec¢ipt is expcctcd. If th¢ amount is not known, th¢ legacy is tr¢¢iled ds a contingent asset. Investment income As recognised onc¢ the income and been declared and notified to bank accounts. 1.4. Tangible fixed assets and depreciation Dcpreciation is provided at rates Calculated to write off the cost less residual value of each asset over its exp¢ct¢d useful life, as follows: Fixtures, fittings and equipment 200/0 reducing b21ance Page 13
Lenadoon Communfity Forum Notes to the financifdl statements for the year ended 31 March 2023 conlinued At cach reporting period end date. the Company reviews th¢ carrying amounts of its tangible assets to detern]ine whether there is any Indication that those assets have sutTcred an impairnicnt loss. It-any such indication cxists, the recoverable amount of thc assct is estimated in order lo detemiinc thc extent of th¢ impainncnt loss (if any). Whcr¢ it is not possible to estimate the recovcrablc amount of an individual dSSft, Ihc So¢i¢ly csliiiiiiles the r¢Lovcr(Ibl¢ dinounl uf Ihe Ldsh-g¢nerdcing unli io which ihe assei belongs. Recoverable amount is the higher of fair value less costs to scll and value in usc. In asscssing value in use, the estim&itcd futur¢ cash flows arL disLountcd to thcir present valuc using a prc-tax discounl rat¢ that reflects currcnl market assessments of the time value of mon¢y and the risks spccific to the asset for which the cstlmatcs of future cash flows have not been adjusted. If thc r¢covcrablc amount of an asb¢t (or cash-generaling unit) is cstimaled to be l¢ss than its Cdrrying amount, th¢ carrying amounl of the asset (or cash-generating unit) is reduced to its recoverable amount. An impainnent loss Is recognised immcdiatcly in protit and loss. unlcss thc rclcvant asset is carried at a revalued amount. in which case the impaimient loss is trcalcd as a rcvaluation dccrease. 1.5. Cash at bank and In hand Cash dnd cash equivalents include cash in hand, deposits held at call with banks. other short-tcrm liquid iiivcsliiiciitb willi Uiigili<il iiiiiluiili¥s uf Ilire¢ Iiiuiiilis or less, bank overdrafts. Bank overdrafts are shown within boowingS in current liabilities. Page 14
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2023 continued 1.6. Financial Instruments The charity has elected to apply the provisions of Section I I 'Basic Financial Instrurnents. and Section 12 '0ther 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 thc net amounts presented in the financial statements, when thcrc is a Icgally enforceable right to set off the recognised amounls and there is an intention to settle on a n¢1 basis or tl) rcalisc thc ass¢t and scttlc thc liability siinultuncoubly. Ilasic finanelal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and arc subscqucntly carricd at amortiscd cost using the cffcctivc intereil mctho(l iinles% the ArrAngement conslLtLltes a financing transaction, whcrc the transaction is mcasurcd al the prcscnt value of thc future reccipts discounted at a mark¢t rate of interest. Financial assets classified as receivablc wiihin onc year are not amortised. Baslc financial liabllltles Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price uiIIcs5 lh¢ drrtingenieni Lullslilutets d financing transaction, wherc the debt instrument Is measured al the present value of the futurc paymcnts discounted at a market rate of interest. Financial liabilities classificd as payablc wiihin one year ar¢ 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 scrviccs that huvc bccn acquircd in thc ordinary course of operations from suppliers. Arnounts payable are classified as current liabilities if payment is duc within onc ycar or less. If not, they are presented as non-current liabilities. Tradc creditors are recogniscd initially at transaction price and siibgeqiiently measured at amortiscd cost using the cffcctivc intcrcsl mLLhod. 1.7. Equity instruments Income recognltlon Equity instruments issued by th¢ Company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are rccognised as liabilities once they are no longer at the discretion of the Company. Page 15
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2023 continued 1.8. Provisions Provisions are recognised when the Company has a legal or constructive present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amounl of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and unccrtainties surrounding the oblisation. Whcre thc effect of th¢ timc value of moncy is material, the amount expected to be required to scttle the ohl igalion ]% rLcognisL(l ¢lt pre4enl valiie. When a prnvi%inn in meA%Lire(l Ai present valiie the unwinding of the discount is rccognised as a finance cost in profit and loss in th¢ p¢riod it ariscs. 1.9. Government grants Governmeni grants are recogniscd at the fair value of the assel received or reLeivable when there is reasonable assurance that the grant conLlitii)n% will be met and the 8rant4 will he received. A grant that speiifies performance conditions is recognised in income whcn thc pcrfonnance conditions arc mct. Wherc a grant docs not specify perfomiance conditions it is recognised in income when the proceeds are received or receivable. A grant rcccivcd bcforc the recognition criteria are satisfied is recogniscd as a liubility. 1.10. Employee benefits The costs of short-tern] cmployee benefits ar¢ recognised as a liability and an expense. unlcs5 those ¥0sls are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is rccognised in the period in which the employee's s¢rvir¢s arc rcccivcd. Temiination benefits are recognised immediately as an expense when the Company is demonstrably ¢ommitted to t¢rniinotc th¢ Cmplowicnt of on cmploycc or to providc tcriiiiniltion beiicfiis. Employees (including the Directors) during the year were.. Employment costs 2023 2022 Wages and salaries 346,248 341,140 There were no employees earning over £60,000 in the two years ended 31 March 2023. Page 16
Lenadoon Community Forum Notes to the financffial $t¥4tements for the year ended 31 March 2023 continued Unrestrlcted Re$tricted 2023 2U23 Total 2023 Total 2022 3. Tolal In¢vffle recelved DFC PHA v.s.s. Sundry income BHSLI" Upper Springfield Development Trust SRRP BCC Community Foundation Holy Trinity NIHE Hcnry Smith Donnant Funcl Falls Worncns Centre Halifax Foundation 103,898 172,243 126,438 21.806 30.154 10,226 15,000 12,379 103,898 172.243 126,438 21.806 30,154 10.226 15.000 12,379 107.740 152,850 118.648 28,526 46.652 13,022 14.500 6,457 49.425 29,500 37,9.5 5,000 38,000 33,33? 5,000 38.000 33.332 3,500 3,500 611.038 611.038 567.320 Page 17
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2023 continued Unrestricted Restricted Total 2023 2023 2023 Total 2022 Total resources expended Wages and salaries Si(irr tr(iiniii Rent and utilities Insurance Repairs and maintenance Stationary. postage, telcphone and equipment Community magazin¢ Programme costs Audit Bank charges Amountb rclurncd to funder General exp¢nses Donations Depreciation 346,248 346,248 2,731 2,731 30.629 30.629 6,075 6,075 2,015 2,015 31.243 31.243 8,352 8,352 67,931 67.931 1,633 1.633 341,140 660 33.607 6.356 2,251 15.424 7.588 71.551 1,513 3.930 1,537 2.400 3,733 1.295 1.800 2,986 1,295 1.800 2,986 504.048 504.048 492.807 Taxation No liability to UK corporation tax arises on ordinary activities for the year. The Company is a rcgistcrcd charity . Page 18
Lenadoon Communlty Forum Notes to the financial statements for the year ended 31 March 2023 continued Fixtures, rittings and equipment Tangible fixed assets Total Cost At l April 2022 At 31 March 2023 26,877 26,877 26,877 26,877 Depreciation At l April 2022 Cli¢irge fur ihe yedr 11.945 2,986 11.945 2,986 At 31 March 2023 14.931 14,931 Net book values At 31 March 2023 11,946 11,946 At 31 Mar¢h ?022 14,932 14,932 Credirors: amounts falllng due within one year 2023 2U22 Loans Accruals and dcf¢rred income 15,000 1,500 1,500 1.500 10.500 Restrlcted reserve Statement of funds account Total Total reserves at l April 2022 Total income for the ycar Total expenditure for the year Total reserves at 31 March 2023 124,571 124,571 61 1.038 611,038 (504,048) (504,048) 231,561 231,561 The general reserve represents the free funds of the charity which are not dcsignated for particular purposes. Th¢ restricted reserve funds represent the funds held by the charity that have restrictions on use. Page 19
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2023 continued Restricted Analysis of net assets between funds reserve fund Total Fund Balances at 31 March 2023 represented by: Tangible fixed assets Current assets Current liabiltties 11.946 221,115 (1,500) 11,946 221,115 (1,500) Total net assets 231,561 231,561 ThL ¥Liicfiil rcscrvc Icprcseiits Ilie fr¢¢ funds uf (he Lharity which are not designated for particular purp05CS. Thc rcstricted reserve funds represent the funds held by thc charity that hav¢ r¢strictions on usc. Page 20