Registration number N1605096 I.enadoon Community Forum Company limited by guarantee Aiinual, report and fliiancial statements for the year ended 31 March 2024
Lenadoon Community Forum Contents Page Directors, report Audiloi's, report Slatemei)t of Financial Activilieb io Balancc sheet li C&%h flow statemeni 12 Notes lo the financial slalem¢nl,% 13-20
Lenadoon Community Forum Directors, Report for the year ended 31 March 2024 The Directors prcsent their report with the audited fIn]cIal slatements for the year elided 31 March 2024. The accounts havc been pi'epared iii accordancc with the accounlii)g policies scl oui in note I to the accounts aiid comply with Ilic charity's Memoraiidum and Arliclcs of Association, the Compaiiies Act 2006 and 'Accounting aiid Reporting by Charilics.. Slalement of Recommei)dcd Practice applicable lo charilic.s prepariiig Ihcir accouiit5 iii accordance with the Financial Reporting Standard applicable iii the UK and Republic of 'Cland publi51icd iii October 2019 Reference and Admini.strative Information Charity Name.. Lenadoon Coininunily Forum Ch(11-ily Registralioii iiumber.. XR60513 Company Rcgislration number.. Nf 605096 Rcgislei'cd Office.. Gleii Community Complcx,41c Suffolk Road, Belfast, BTI19PE Business Address.. Glen Community Complex,41 c Suffolk Road, Bclfasl, BTI 19PE Directors Michael Dohcrty (Chairpcrsoii) Tim Smith (Vice Chairpcr,%on) Deirdrc McKc¢iriicy (Sccrciary) Paul Niblock {Trca5urer) Glcii Philips (Director) Auditors Mccreery Turkiiigion Stockman LTD, l Lanyon Quay, Belfast, BTI 3LG Bankers Fi1 Tivsl Bai)k Ltd, University Road Belfa.sl Bwik of Ir¢land. 202 Andcr50nstowii Rd, Belfast Page I
Lenadoon Community Forum Directors, Report for the year ended 31 March 2024 Structure, Governance and Management Governing Document The oi'g(tiiisatioii is a charitable company limited by guarantee, incorporated oil 12 November 201 O aiid was i'egistered as a clicllily iiI 1992. Tlie coniplliiy was establislied ui)der a Mcmorandum ()f AsSULiati()n which csl<iblislicd the objects ai)d powers of tlic Lharilable L()tnpaiiy and is govei'iied uiider its Article.s nf Ass()Llciliuii. bi Ilie event of tlie compwc )y bcing wc)und up mL'mbci'5 <ire requii'ed to conli'ibule an amouiil not exceediiig £ Recruitment and Appoiiitment of Dlrectors Thc Directors of the company arc al%0 charity IrustCC5 for Ihc purposes of cliarily law. Uiidcr the rcquii'cmcnis of th¢ Mcm()raiidum aiid ArliLles ()f AssoLialion (h¢ Dir¢clors h()Id ()ffiLC Ulltil Ilie iiexi Aniiual Geiiei'al Meeting aiid 'e eligiblc for t'c-clLcli()n. Individuals ai'c iiivilcd 10 5crve as Directors 011 the basis of their abilities and baLkgr(?und so as to achieve a balaiice between Ihosc from Ilie business. volunlai'y and charity sectors. Dlrectors Induction and Tralnlng The Dircclor% have conduclcd a review of the major risk% lo which the charity 14 cxpo%cd. whe appropriate, sy.4tcins or pi'occdure% h<1ve be¢ii ctslablitshcd to niiligalc Ihc risks the chclrity face.4. Inlcrnal control ri,%ks arc miiiimi.%¢d hy thc implcmciilalii)ii of proccdurc% for auihori.%atioii of all Iransaclioii% and projcct5. Procedure are in place lo ei)%ure compliance with hcalth and bafety of Staff, volunteers, clicnls and vi%ilors lo the prcmises. These procedures are periodically revicwcd lo eiisurc that they coi)liiiue lo meet the needs of the charity. Organisational Stru¢ture Al pre.seiit Lcnadooii Commuiiily Forum has 5 Direclors who meet rcgularly and are responsible for the strategic direction and policy of thc charity. A scheme of dclcgalion is iii place aiid day to day respon.sibilily for the provision of the Services rest with the Strategic Development Co-oi-dinaloi. and Pi'oject Co-ordiiialors. Page 2
Lenadoon Community Forum
Directors, Report
for the year ended 31 March 2024
Objectives and Activities
Tlic Lenad(K)n Cominunily Forum will work towards creating a stable, secure, confident community in
Lenadi)oii. The objective of tlie company shall be to promole Ihe bcncfit of Ilie inhabitants of Ilie Lcii<idoon
estale and its neighbourhood by associating together with said inhabitants and Ihc local aulliorities, voluntary
and oihcr orgaiiisations iii a common cftori lo provide or securc Ihc provision of Social services, educational
and recreatiniial facililics for all sections of the community i.e. youth, elderly people with speci<ql need.% or
wlio al'e dis<Trbled, w(ImLn, nicii, children, the uiiempl()yLd and other disadvanfagLd gi'oups wilhiii Ilie area in
Ihc inlcre51 of social welfare.
Achievements and Performance
The pa.st twLlve m()nlh5 saw ali ii)crea,8e in thc number of referrals lo the Forum's Community Couiiselling
Seivice. Uiiforlui)ately, thi% resu Ited in an increase in our wailing list. Followiiig the restructuriiig of the
Service, delivery is more efficient. Fuiidiiig from Ihc Dornianl Account,¥ Fui)d, Heiiry Siniih, City Couiicil,
BHSCT, PHA and V.S.S. has ciisured we are abl¢ lo rc%pond In Ihc iieed. Unforlunalcly, Ihc Mental Health
Fuiid Graiit camc to aji ci)d and Hciiry Smilli aiid Dorinaiil Accoun15 are due to ciid in 2025.
Thc Foruiii Slafl Icain provided invc11uable as.si%lance to Ihc Mcinhcr Group% of the Foriiin who rcque%lcd il.
Our Traii)iiig for Eiiiployinciil Project dclivered accrcdiled courses ¢2iid qU1c lificalions to iiidividii<11s. Wc were
oiily ablc lo off¢i' a gi'Lally rcduccd iiun)bci' of Ll¢lS%C%. Fundiiig froin Ilie,4e L141%%L% caillL' Ii'uiii SRRP. NIHE
and B.C.C. Wc wcre glad to tsccurc tundiiig froin thc City Couiicil which will ei)%ure cla%,4es for Ihrce ycar.s.
The Capacity Grant ha% bceii invaluÉTrble.
Our Commuiiity Cc)uiisclliiig Projccl dclivercd over 5,000 individual couii%cllAng sessions to individuals
refcrrcd to the Servicc. Wc Lonlinued to deliver on Scrvicc Level Agreemciils from PHA, BHSCT and V.S.S.
Oui- .SLlf H
Lenadoon Community Forum Directors, Report for the year ended 31 March 2024 The Directors of Lenadoon Community Forum met on a bi-monllily basis to oversee the implcmcntation and delivery of the Fi)iuni's 51rategic pi'ioi-ilies. The Directors arc indebted lo oui. fuiiders and iii parliculai. Department for Commuiiities, SRRP, PHA, BHSCT, City Council, V.S.S, Hciiry Smith and Halifax Foundation. The Trading Surplus from SRRP enabled us lo keep the Trainiiig and Education Courses going. donalion% to Mcmher Groups and e115ured th1< t local re.%idciil% rcccivcd a free copy of our Coininuiiily Magaziiie every quarter. A word of ackiiowlcdgeinent lo our Meinber Group% whn,%c volunlccr5 worked over the pa.41 12 moiilh% lo improve Ihe quality of life for local pcoplc. With Capacity Grant Fundiiig .4ecurcd from Belfast City Council, we began Ihc Lunsulliiig and developiiig of a slralcgic .5 Ye 'Lcii(idoon Peoples Pli111" (Making Life Better in Lenadoon). Financlal Review Duc to the huge demaiid for our Serviccs Ihc Fol has had to meet addilional and inci'Lasing cotyls. The Fonim',% Director% and Prnjeci Co-ordin4Trtor¥ will mccl in Ihc incoming year lo address (his issue. We arc concerned about the Foruints financial po?yilion after March 2025. Prhnclpal Funding source.s Thc pi'incip421 %ourc¢,4 of fuiidiiig wcre DFC, PHA, BCC. SRRP, BHSCT, V.S.S., Dormaiii Accouiits aiid Ihe Hcnry Smilli Chai'ilablc Tiusl. Investment policy Any sui'plus fund.s ar¢ Iraiisfcrrcd iiili) 5h()rl Icrin saviiig.4 accoiiiils for invc.slmciit. Wc will rcquirc these in Ilie financial year 2025126 as our fui)ding from Henry Smith and Dormai)i Account% comcs lo an end. Reserves Policy Thc Dircclors i'clain funds in the charity in ordcr lo provide bufficient working capilal lo facilitalc Ihe oi)going activitietri. Thc targ¢l for unreblricled fuiid rescrvcs is six moiiihts support costs. Volunteers The charity t.% apprcciative of the efforts of ils volunteerts who arc involvcd iii service provision. Page 4
Lenadoon Community Forum Directors, Report for the year ended 31 March 2024 Statement of Directors, Responsibilities Thc directors al'e respoiisible for prepariiig Ilie Directors Repoit aiid the fiiiancial slalenieiits iii accordance with applicat)le law and Uiiitcd Kiiigdom Accountiiig Standards (United Kingdom Gcncrally Accepted AccouIiliiig Pi'aclice). Coinpany law require% the dircctors to prepare financial statements for each financial year, which give a true and fair view of the stale of affairs of Ihe company and of Ihc incoiiiing resources aiid application of re%ource%, ii)cludiiig Ilic iiicoine and expeiiditure, of the charilablc company for the year. In preparing tho financial stalemeiils the dircclor% arc rcquircd to- selecl suitable accounting poliLiCS (iiid then apply theni coiisislenily: observe the methods clnd principlcs it) Ihc CharitiC5 SORP. make judgiiiciils <ind es1im<ilcs that are reasoiiqÉ ble aiid prudciil; sl<11e wlicilicr 14 ppIic¢Trhlc UK ALL()uiiling Sl<indai'd5 havc bc¢Ii followed, subject to any matcrial departUS disLlI)sc(l aiid expliiined iii Ilie finL111¢ial %talcmcnl.s' prcpai'c thc fiiidiiLial blalcinents 011 the goiiig coiicern basis unlcss il ib iiiappropriale to presumc that the compaiiy will Continue in opcralion. Thc director% are re4'pon.4ible for kccpiiig proper accounting rccnrd% which disclo4c with rea,sonablc accuracy al aiiy lime Ihc fii)aiicial p().%ili()n ()f Ihc Li)mpai)y an(1 tl) Cll<iblc Ihcm lo ciisurc Ihal Ihc fii)aiicial %l<ilL'inciils coinply with thc Compaiiies Act 2006. Thcy arc al.%0 rcspoii.%iblc tor satcguardiiig the assets of Ilie coinpaiiy and hence for lakiiig rca%onablc slep.% for Ihc prevention a]id deleclioii of fraud and oihcr irrcgularilics. Auditors The auditors e deemed lo be reappoinlcd in accord6lnce with Section 487(2) of the COmpTri11e5 Acl 2006. Each of the Iru%lec% ha.4 coiifirincd that Ihcre 1% iio ii)forinatioii of which Ihey arc awarc which 15 rclevaiil lo Ihc audit, but of wliich the auditor 1% is unaw[ c. ThLy Iiavc furllicr coiifirined Iliat Iliey h<ive t< ei) appropriate steps lo idciitify SULh i'clcvaiit iiifoi-tnation aiid lo e8labli.sh that Ihc audil()r is awarc c)f 5ULh iiif()I'nii21ioii. This report was approved by the Board on 2iid October 2024 Michael Doherty Director Page 5
Lenadoon Community Forum
Independent auditors, report to the members of
Lenadoon Community Forum
Opinion
We have audited the finanLial stittemeiils of Lei)adoon Communiiy Forum for the year ended 31 March 2024
wliicli comprise the Siatemenl of Fiiiancial Activities , the Balance Sheet, the Cash Flow Statement and notes
to the fiii<iiicial slalemeiils, including sigiiificant acL()uiiling policies.The finaIicial reportiiig framework that
has been applied in Ihcir preparation is applicable law and United Kingdoni Accounting Standards, including
Fiiiancial Reporling Standard 102 The Fii)ai)cial Rcporliiig Siand<l1'd
Lenadoon Community Forum Independent auditors, report to the members of Lenadoon Community Fornm continued Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on Ihe work undertaken in the course of our audit.. the information giveii in Ihc Iruslccs, Rcport, which includes the directors, report prcparcd for the purpose4 of compaiiy law, for tlie fiiiancial year for which the financial blalemeiils are prepared is consi,4tenl with the fiii<1ncial statements; aiid the directors, report included within the trustees, report has bccn prepared iii accordance with applicable legal requirements. Matters on which we are required to report by exception We havc nothing l() rcport iii respect of the following mallers in i'elalion to which the Companies Act 2006 require,% us to rcport lo you if, in our opinion: the information givcn in the fiiiEhncial slal¢m¢nls i.s inconsistcnl iii aiiy n]alerial respecl wilh the Iruslccs, report., oi. 8ufficicnt accouiiliiig rccords havc not bccn kept. or the finanLial slatem¢iils arc n()l in a&yrccincnt with the accounting rccordq; or wc havc not rcccivcd all Ilie iiiforinalioi) and cxplai)alioiis we I'cquire for our audit. Responsibililies of trustees As expl£1iiied more fully iii Ihc Sialcinciil of trustcc.s' Rc.spoi)%ibililic.%, Ihc Iru%lces, who are also the Direclors of thc charity for Ilic purpo%e of coinpaiiy law, arc rc.%poii%iblc for Ilie prcparalioii of Ihc accounls ¢iiid for bcing satisfied Iliai Ili¢y givc a Iruc and f(lii' Vicwt 1< nd f()1' .suLh iiilci'ii<ql ¢()nlri)l a.s the L()mmillee dclcriniiic is IICLCS5ary to ciiablc Ilic prepar<ilii)n of ci¢¢ouiil% tli611 (WC fi'cL fi'oni material mis%lalcmenl, whLihL'r duc l() fraud or crr()r. In PifP<li'iiig the account.s, Ilie liiJ%lcc.% 1¢ rc rc%p()ii,%iblL f()i' a.4sc5siiig Ilie cliai'ily'.s ability to c()iiliiiue as a goiiig conccn), disclosiiig, as applicable, Inalte relalcd lo goiiig conccm and usiiig Ilic going coiiccrn ba.4].4 of accouiiliiig unlc%.s thL Iru%lccs ciihei. iiilcnd i() liquidate the ch<irily ()r t() LC615C I)PLI'cili(1115, ur havc no realistic altcrnative but lo do 50. Audltor'.s r£sponsibilities for the audit of the financlal 8tatements Our objectives arc lo obtain rcas()ii<iblc asbUI'aiiLe about wlictlier Ihc financial slatemenls as a whole are free from material mis5talemeiit, whether due to fraud nr crror, and to issue ali <1udilor'5 report that iiicludc5 our opinion. Reasonable assuraiice is a higli level of a.ssurancc, bul is not a guarantee thal an audit conducl¢d in accordaiice with ISAS (UK) will always detect a material mi.8statcmcnl whcn it existTr. Mi55tatemenls can arise froin fraud or eNor and are coii%idered malcrial if, individually or in the aggregate, they could rcasonably be expected to influcncc Ihc ccoiiomic deci5ionb of users lakeii on Ihc ba>15 of these fiiiancial statements. Page 7
Lenadoon Community Forum Extent to which the audit was capable of detecting irregularities, includin2 fraud Irrcgularilie5. iiicludiiig fraud, are instances of iion-compliai)cc with law5 and I'egulalion5. We design pr()ccdurc% in line with our responsibilities, outlined above, lo detect matcrial mi¥.51alcmcnls in respect of irregularities, including fraud. Thc cxtcnl to which our procedures are capable of detecting irregularitieb, including fraud is detailed below.. We ideiilified the area% of laws and rcgulalioiis that could reasonably be expected to have a material cffecl on thc finaiicial sialeineiils and risks of In<llerial Inisstalemenl duc to fraud, using our uiider5taiiding of the entity's industry, regulalory ciiviroiimcnt aiid olhei. external factors aiid iiiquiry will) the Trustees. In addilioii, our risk aS&yessment procedures included.. inquiriiig with the Trustees as to the charities policies and procedures regardiiig L(ItnplianLc witli laws and regulations <111d preveiitloll ¢?nd dclLLlioii of fraud- iiiquu-ing whether the Trustees liave kii()wledgc lif aiiy actU41101- 5uspeLtcd iioii-compliance with laws or regulatioii,8 or allL'¥Ld fraud,. inspeLliiig Ilie chiTrrilies i-egul<110ry 1< nd leg<il COlTLSPI)iidei)LL',' aiid rL<idiiig B()ard inuteS. We discussed ideiitified laws aiid regulations, fraud risk factoi-s aiid Ilie need lo remaiii alerl amoiig thc audit team. The charity is subject to laws and regulatioiis that dircctly affect Ilie finaiicial slalemeiits charity aiid fiiiancial reportiiig lcgi.slalioii. We as%essed the extent of coinpliaiice with Ihe.4c law% and rcgulalion% as pari of our procedures 011 the relalcd fiiiancial %lc11cincnl itcms, iiicludiiig assessing the fiiiancial statemenl di,4clo%ure% and agrccing Ilicin to supportiiig docuineiilalion when necessary. The charity 1% subj¢cl lo many other laws and regulations where the coi15equences of iioii-coinpliaiicc could havc a malcrial clfccl oil amount.s or discl().8urcs iii Ihc fiiiancial slatcmcnl,s, f()r inslai)cc Ihi'()ugh Ihc imposili()n of fines or litigati()n. Wc idciilified the followiiig areas as those mosl likcly lo have such ali effect: health aiid safety, anli-brihcry, cmploymcnl law. cnvironineiilal law. Audiliiig slEuidards limit the rcquircd audit proccdures lo idciilify non-compli¢Triice with these non-dircct law.s aiid i'cgulalioii.s Iii iI)quii-y ()f Il)¢ Tiustccs aiid i11SPCLlion of i'cgulal()ry and Icgal COiTC.SPI)iidciicc, if aiiy. Th¢se limilcd proLedurcs did n()l idcnlify actual or 5uspeclcd noii- compli¢¢. We as.sessed events nr coi)dition.s that coiild indico< te an inccntivc or prc%%urc to coniinil fraud or providc an opp(ii'luiiily (() cominil fraud. A.s requii'cd by auditing %11< iidcirds, wc p¢i'fi)iinLd proLcdui'es l() address the risk of iiianagemciit ovcrridc ot conlrolts. Oli this audit we do not believe there ]% a Iraiid risk rclatcd lo r¢v¢nu¢ rccognilion. We did not ideiitify ai)y addilional fraud ri.%ks. In re.spon%c lo risk of fraud, wc a150 perfoi'med procedures iiicludiiig.. idciilifying jounial ciitrics lo Icsl bascd on risk crilcri<Tr ai)d comparing Ihc idciilificd cnlric% to supportiiig documeiilalioii; evalualing the bu%incs purpose of signilicanl unus11<11 Iraii.%l< clian.4' as.%cs5iiig significaiil accouiiliiig esliinales for bia5; and assessing Ilie disclo%urcs in thc finaiicial slaiemeiit5. Owing lo the iiihereiil limitations of an audit, ther¢ is an unavoidable risk that we may iiot have detected some material misslal¢mcn15 iii the fiiiancial statemen15, even though we have properly planncd and pcrfomicd our audit iii accordaiice with ¢2udiling slandai-ds. For cxample, the further i'emoved lion- compliaiice with laws and rcgulalions {irregularilies) is from the events and tran.%action.4 refleclcd in the financial statements, the less likely th¢ inhercnily limited procedures required by auditing standards would identify it. Page 8
lJenadoon Community Forum In addition, a.4 with any audit. 11)ere reinains a higher ri.sk of noii-deleclioii of irrcgularilies, as these may involve collusioii, forgery, iiilenlional omi%%ion,s, mi51.epresenialions. or Ihe override of intenial controls. We are not rcspoiisiblc for preventing iioii-compliance and cannot bc expcctcd lo dctcci noii- coillpliance with all laws and regulations. A furiher description of our respon5ibililie5 for the audit of the accounts is located on the Financial Reporting Council's website al.. htlp'.l/www.frc.org.uklauditors responsibilities. This description forms parl of our auditor's report. The purpose of our audit work and to whom we owe our responsibilities This i'epoi'l is made solely lo the charillc hlc company's tnembei's, as a body, iii accord<2nce with Chapter 3 of Part 16 ot Ihc Companies Act 2006. Our audit work ha.4 hccn undertakcn .50 that wc might slate lo the chw'itable company'.4 inernher,s Iho%c Inallcr.s wc arc required to slate to lein in ai) audilor%' rcporl aiid for no other purposc. To Ihc fullest extent permilted by law, we do not acccpi or a.s%ume respoiisibility lo anyoiie other than the charilablc compai)y and the charitable coinpany's member,% a,5 a body. for our audit work, for this report, or for the opiiiions we have formed. Richard Mcclay FCA (Senior Statutory Audltor) For and on bel)alf of Mccreery Turkington Stoekman LTD I I,anyon Quay BF.I.FASI' BTI 3LG Chartered Accountants 2nd October 2024 Page 9
Lenadoon Community Forum Statement of Financial Activities Ilncluding Summary Income and Expenditure Account) for the year ended 31 March 2024 Unrestricted Restricted Funds Funds Total Total 2024 2024 2024 2023 Income from: Charitable activities Notes 681,903 681.903 611,038 Total incomfing resources 681,YOI 681,903 611,018 Expenditure on: Ch¢ll'ilable dclivilics (459,904)(4.59,904) (504,048) Total resources expended {459,904)(459,904) (504,048) Net income before transfers 221,999 22 L,999 106,990 Nel incomiiig resources 221,999 221,999 106,990 Fuiid balaiices brought forward 231,561 231,.561 124,571 Fund balances carried forward 45.3,.fj60 4.fj3,.$60 231,561 All of the above rcsulis al'e derived from coiitinuiiig gaiiis and losscs recogniscd in the year are iiicluded above. The notes on pages 13 to 20 form an integral part of these financial statements. Page 10
Lenadoon Community Forum Balance sheet as at 31 March 2024 2024 2023 Notes Fixed assets Tangiblc assets 9,557 11,946 Current assets Cash at bank and in hand 445,503 221,115 445.503 221,115 Creditors: amounts falling due within one year (1,500) (1,500) Net current assets 219,615 Net assets 453,560 231,561 Capital and reserves R&%triclcd fuiid 453,560 231.561 Tolal funds 453,560 23L,.561 The fii)aiicial .4luleinciils wcrc approved by the Directors 011 2 Oclobcr 2024 and signed and approved for is.%uc on ilts behalf by Michael Doherty Dlrector The notes on pages 13 to 20 form an integral part of these financial statements. Page 11
Lenadoon Community Forum Cash flow statement for the year ended 31 Maryh 2024 2024 2023 Cash generated from operations Ncl IllLOtne l (expeiidilure) for the year Deprccialioi) tnci'ease iii creditors 221,999 2.389 106,990 2,986 (14,999) Net cash inflow from operatlng activities 224,388 94,977 Cash flow statement Cash flow from investin% activitics Increase in cash in the year 224,388 94.977 Reconciliation of net cash flow to movement in net funds Increase In cash In the year Cash and cash equivalents at l April 2023 224,188 221,115 94.977 126,1.38 Cash and cash equivalents at 31 March 2024 445,503 221,115 Page 12
Lenadoon Community Forum Notes to the fJnanciaR statemeiits for the year ended 31 March 2024 Accounting policies Company information Lenadoon Commuiiily Forum is a Company limitcd by guarniilce, rcgi5tercd in Northern Ireland. The address of the registered office is 41c Suffolk Road, Belfast, BTI19PE. 1.1. Accounting convention The accouiil% havc becii prepased iii accordance wilh the charity'5 Memoranduin aiid Articles of Association. the Companics Act 2006 aiid"Accouiiling and Rcporling by Cliarilies.. Slalement of Recommended Practice applicable lo charities preparing their accouiit.4 in accordajice with Ihc Financial Rcpnriing Slaiidcvd applicablc iii Ihc UK aiid Republic of Ireland published li) October 2019" The charity is a Public Beiiefit Eiitily as d¢fincd by EIRS 102. The fiiiaiicial slatemeiils are pi'cpai'cd ii) 8tci'liiig, which i.s tlie fuiiclioiial cun'cncy of Ihc company. Monctary aniounis in Ihcse finaiicial statements are rounded lo the nearest £, 1,2. Resources expended All cxpciidilure is acc()unted for oil ali accrual,s basis. Expcndilurc 1% rccogni%cd where Ihcrc is a legal or consli'uctivc obligation to Inakc payments to Ihird partic%, il 1% probable Ihat thc %ettlemenl will be rcquired, and Ihc amouiil of Ihc obligaiioii cali be mcasurcd rcliably. 1.3, Incoming resources Income is recogiiiscd wlicii Ihc charily is Icgally enliilcd lo il aficr any pcrformdiicc coiiditions have been mel, the amouiils can be measured reliably, aiid il is probable Ihal income will bc rcccivcd. Cabh doiialions are recogni,%ed on Ceipt. other doiiations arc recogiii5ed once the charity has been notified ol tlic d()n1L lii)n, ui)Icss p¢rfi)i'maiic¢ c()nditii)ns i'cquirc dcfciTal ()f Ihc am()uiil. Inc()mc tax recoveiablc iii re11£ tioll lo donali011s recciv¢d ui)dcr Gift Aid or d¢cds of covcnaiit is rccognised at the limc of Ihc doi)cili(In. Lcgacics are rccogni%cd on receipt or otherwise if the charity ha% beeli iiotified of an impending distribution, tlic atnouiil i.s kii<)wn, and rLceipl is cxpecl¢d. If th¢ ami)unl is ii()I kn()wii, Ihc IcgaLy is treated ab a contingeiit asset. tnvetylmeni income 15 recogni.%cd once Ihe income and bc¢n d¢clar¢d and nolificd lo bank accounlb. 1.4. Tangible fixed a&sets and depreciation Deprccialioii 1% providcd at ratcb calculated to write off the c051 less residual value of each asset over ilt> expected useful life, as follows.. Fixtures, fittings and equipment 20% reducing balancc Page 13
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2024 continued At each reporting period end dal¢, the Company review,8 the carrying amounls of its tangible assett> to determine wlieiher there is ai)y iiidication that Iliose assets have suffered an impairment loss. If any such iiidiciilion exisis, the recoverable <ttnouiit of the asset is eslitnaled in ordci. lo determine the extent of the impairm¢iit los.% (if any). Where it is not possible to eslimale the recoverabl¢ amount of an iiidividual a5sel. the Society esliinales the recoveL'able ainount of the casli-geiierating unil lo which Ilie asset bcli)ngs. Recoverable <qrnount is the higher of fair valuc less co%t4 10 sell and value in use. In a8%e%sing valuc in Usc, the esliinaled future cash flows are di5COUliled lo their pi'esenl value u5iiig a pi'e-lax discounl rale Iliat reflects currcnl market a.sse.ssmeiits of the time valuc of moiiey and thc ri.sk.s specific la the asset fc)i' which the estimales of future ca.4h flows have nol been adjusted. If Ihc recoverabl¢ Iimniiiit of an a,ssct (or ca,gh-g¢ncrating unil} is c8timi< tcd to bc Icss th¢1n its Cclrrying am()unl, Ilic Larryii)g <iinouiit of Ihc asscl (oi- casli-gciicraling unil) is ieduLed to ils reLOVCI'able amouiil. An impiiirmciil l()Ss is reLI)giiised inuncdialely iii pi'()lil (iiidluss, unless Ihc relcv(Inl <1SscI 15 LTled at a revalued amouiit, iii which case (he impairmeiil loss is Ireated as a revaluation decrease. 1.5. Cash at bank and in hand Ca%h aiid cash cquivalcnl% include c&%h iii hand, deposilts hcld al call with banks, oihcr shorl-tcrm liquid iiive.%lmcn15 With origitial malurilic,% of three monlhb or less, aiid bank overdrafts. Bank overdrafits are showii within borrowings iii curreiil liabilities. Page 14
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2024 continued 1.6. Financial Instruments The charity has elected to apply the provi.4ioii% of Scclion I I 'Basic Fiiiancial Iiistrumenls. ajid Section 12 '01her Fiiiancial In51rumeiits Issues, of FRS 102 to all of it4 financial inblrumcnts. Fiiiancial i11slrumeiits are recognis¢d in the charity's balaiicc sheet when the charity becoines party to Ihc contractual provisions of the instruineiit. FiiianLial as5els aiid liabitilies are offset, with tlie iiel ani()uiit.% Pl'L%eiilcd iii Ihc finaiiLial sliilemeiils, wheii Ihcrc 18 a Icgally Liilc)i'Lcablc iiglil lo scl ()ff the recogiiised <1mDuiils <1nd Ihei'e is ali inlciilii)n lo settle on a nel ha%14 or lo rc411i%c Ihc a%%cl aiid ,%ellle the liability siinuliaiieously. Basic financial assets B&siL fiiiiinLial iisscl%, whicli iiicludc dcbtOl'.8 <?nd cash 4liid baiik ba11( IICC,S* 1¢ I'c iiiili1¢ Ily mLasuJ'cd 11 Irai)SÉi¢lioi) pi'icc IllLludiiig li'aii.SaLIii)11 Ll)s1% <iiid <ll'e subsLquciiily c71.1.1Cd al am(It'li4ed Losl u%ii)g the cffeLlivc intere,81 Iiieilii)d ui)Ic.s.4 Ihc arrangemciil L()nslilulcs a fiii<illLiiig Iraiis<lLli(iii, wlici'e the transaction is me<isurcd at Ihc pi'csent value of the future receipts discouiitcd al a markct ratc ()f interest. Financial a%scls clas.%iticd a% rcceivablc within one year are not amorlised. Baslc flnanclal liabilities Ba%ic fiiianci4Tr1 liabililics, iiicluding crcdilors aiid baiik loaiis are iiiilil< Ily I'ccogiiiscd al Iran.%<iclioii pi'ice uiilcs% Ihc 1( rr<ingeinci)I con.4lilulc% a finaiicing tran4aclion, whcrc Ihc dcbt in%lruinciil is measured al the prc.4cnt valu¢ ()f thc fului'c paymctils disL()uiilcd al a Inarkcl i'ale of iiitcrcsl. b-iIiatl¢l611 liabililius cla.s%ificd &% payablc wiihiii one ycar arc iiol amortiscd. Debt instNmcnts arc subscqueiiily carried al amorlised cost, using the effective inlere.sl rate mcthod. Trade creditors are obligalions lo pay for good8 or rVic¢S that havc becii acquired in the oi'diiiary cour.se of c)p¢rati()ns froni 5uppliei's. Amouiits payable are clas.sified as curreiit li<Trbililics if payment is due within one year or less. If not, Ihey are prcscntcd non-current liabilitie5. Trade creditors are r¢cogniscd ii)ilially al transaction price aiid 5ubsequeiitly measured at amorti.sed cost usiiig the cffcclive interesl m¢ih. 1.7. Equity instruments Income recognition Equity inslrument5 Isbued by the Company are recorded al the proceeds rcccivcd, ncl of dir¢ct i%.suc COSts. Dividends payable 011 cquity illblrumenls are recognised a5 liabilitie5 once they are no longer at the discrelioii of the Conipany. Page 15
Lenadoon Community Forum
Notes to the financial statements
for the year ended 31 March 2024
continued
1.8. Provisions
Provisions are recognised when (he Cotnpany has a legal or constructive presenl obligation as a result of
a past eveiit, it is probable that the Compaiiy will bc rcquircd to bettle that obligation and a reliable
estitnate can be made of the amouiil of the obligation.
The amount recognised as a provision is the begt estimatc ot the consideration required to settle the
pr&%cnt obligation ai the reportiiig end dale, iakiiig iiito accouiit the ri,4k% and uncerlaiiilie% ,%urrouiidiiig
the obligalioii.
Where the effect of the lime valuc of money is material. Ihe <imounl exp¢cled to be r¢quircd lo scltlc Ihc
obligatioii is rccogiii%ed al pi'cscnt V(Iluc. Whcii (I provi5i()ii iIi iiicasui'ed <71 pi'eseiil valuc the uiiwinding
of the discouiil is recogiiised a% a fiiianc¢ cost in profit and lo%,% iii Ihc period il ari,se%.
1.9. Goveniinent grants.
G()veiiimci)t gi'ciiils arc rccognised al Ihc fair valuc of Ilic 8SCt rcccivcd or rcccivc1blc whcii Ihcre is
rcasoiiablc assurancc that Ihc gratit coiidilions will be mct and the graiits will bc rcccivcd.
A graiil Ilial %pecifies pci'foi'mancc Lundili()n5 i5 1'eLogiiised iii income wheii the perfomiancc conditi()iis
re mel. Wherc a graiil doc.% iiol %pccify pcrforniancc cnt)dilion.% il is tecogni%ed iii iiicoinc when lh¢
prcKced.s arc reccived or receivable. A gra]il receiv¢d before the recognition crilcria arc sali.%ficd it>
rccogniscd as a Ilability.
1.10. F.mployee benefits
The Ll)%l% ()f sh()rt-Icmi empl()yee benefits 1( re recogi)ised as a li
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2024 coiilinued Unrestricted Restricted 2024 2024 Total 2024 Total 2023 3. Total income received DFC PHA v.s.s. Sundry income BHSCT Uppcr Springfield Dcvclopmciil Trust SRRP BCC Ci)n)munily Foundalioii Holy Trinity NIHE Hciiry Smith DoiThaiit Fund Kathleen Grdham Tru.4t Commuiiily Fund Granl FallN Woincn,% Cciilrc Halifax Foundation 110,969 161,031 134,113 12,442 19,837 7,191 17,850 42,488 52,425 40,825 110,969 161,031 134,113 12.442 103,898 172,243 126,438 21,806 7,191 17,850 42,488 -52,42.5 40,825 10.226 15,000 37,9.50 5,000 38,000 38,400 38,400 5,000 6,000 5,000 6,000 3,500 681,903 681,903 611,0_38 Page 17
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2024 continued Unrestricted Restricted Total 2024 2024 2024 Total 2023 4, Total resources expended W1¢ ge.s and salaries Staff Iraiiiiiig Rent and utilities Insurance Repairs and Inaiiileiiaiice Stationai'y, postage, Iclcphone and equipment Commui)ily magaziiie Prograinme costs Audil Bank charges G¢i)¢r<ql expciiscs Doii1¢1ioii Deprecialioii 290,478 3,825 26,780 9,372 462 23,015 9,404 85,401 1,753 1,083 2.942 290,478 346,248 26,780 9,372 462 6,075 2,015 31,243 9,404 115,401 1,08.3 2,942 1,110 1,295 1,800 2,986 459,904 459,904 504,048 Taxatlon No liability to UK c()rporation tax arises on ordiiiary activities for Ilie year. The Company is a r¢gislered charily Page 18
Lenadoon Community Forum Noles to the financial statements for the year ended 31 March 2024 continued Fixtures, fittings and equipment Tangible fixed assets Total Cost At l April 2023 26,877 26,877 At 31 March 2024 26,877 26,877 Depreciation At l Api'il 2023 Chargc for the year 14,931 2,389 2,389 Al 31 March 2024 17,320 Net book values Al 31 March 2024 9,557 9,557 Al 31 Mai'ch 2023 11,946 11,946 Creditors: amounts falling due within one year 2024 2023 Accru1£ Is and deferred iiicome E..fjoo Restricted Statement of funds reserve account Total Total reserves at l April 2023 Total income for the ycar Total expenditure for the year 231,561 231.561 681,903 681,903 (459,904) (459,904) Total reserves at 31 March 2024 453,560 453,560 The general reserve represent% the free funds of the charity which are not designated for particular purposes. The reslricled 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 2024 continued Restricted Analysis of net assets between funds reserve fund Total Fund Balances at 31 March 2024 represented by: TaiigiblL fixL.d {setS Cui'reiil assets Current liabililie, 9,557 445,.503 (1 ,500) 44.5,503 (1,500) Tolal net assets 453,560 453,560 Thc gciieral rcscrve rcprcseiil% the frce funds of Ihe charity which are not de4igiiated for parlicular pui'po%cs. Th¢ rcslricted reserve fuiids rcprcsent Ihc fuiids held by thc cliarily that havc reslriclioIis oli use. Page 20