R•gtstral￿n P4th NI622O81 (Northom Ir•land) LAGAN VILLAGE YOUTH & COMMUNITY GROUP (a company Ilmlted by guarantee) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 LAGAN VILLAGE YOUTh & COMMUNITY GROUP COMPANY INFORMATION Coundllor John KyF8 MRCGP Mr Kelth Bradshaw Aldemian Chrfs McGIrnp20y' M8 Jenny HwJh88 M8 Jonny St8wartAtlay MS Carla MsAleksan(tra Lolek M8 Lynne McCryory, lrnlted by guaranioo (Nl 622581) and a reglgtered charlty WIC. 102306) govemed by li•Artldofj of A•aoclakn. R••pon¥lbllltl•• olth• Tru•l••• Th8 Charftt08 AG4 r8qutr88 tho Tm8té88 to pr8p8r8 iTr*nclql $tAtsments and a roport for ooch Inandal year vknlch glv•8 a true and falr vTrthv of ts atat• of affakn8 01 th• tharlty at th8 of thè y•ar and ofth& wWu$ or for tho year then 6nd8d, In prèparfrw the finandal 8tat8mnts, th6 TN8te88 aro r8quk8d to 8818ra Sultable ac£ountlng pollclob, and thèn gpp them on a ¢onsl8tsnt ba818. mawng Judgomernts and 88tlmat88 Ihat are wud8nt and roaBonablo. Th•y muBt al80 prepare the financlal Statements on the 'golng c4x￿em, baglg unless It lo Inopproprfate to pre8umo that the Charlty It ry>nllnuo In buth•wo. Tho TN8to08 arn wwion81bl8 for k88pb¥J ptopor ￿￿lUn￿n9 rntx)nts ￿lch dtgdo88, wlth real(￿￿blo al any tlme, tho flnanclai po8ltlon of the Charlty and to enabl8 them to 8n8urn that the financlal Bta18ments comply wlth th8 CharlU8s Act 1993. Th8 Tru8te88 arn d80 r68pon8Ibl8 for 8afffjuardlng th8 assèts of th• Charfty •nd h8nr* for *aklrq rea8onabl• 8tsp8 for Iho pr8v6ntlon and dot8Ctlon offraud and 0lh8T Irregularttl8•. The tnAtees (wh) aro alsa tho dlrector8 for tho purpoBe8 Crt company law) havo Bofvod thrkng ts yogr w• Coun(aikn John lfylo MRCgP Mr Kalth Brad8hww deirn￿ Chrls McGknP M8 knny Hugho¥ MB Cfjrfg Martin Ms Alek¥andrn Lo Ms Lsfflng MGCormlck LAGAN VILLAGE YOUTH & COMMUNrrY GROUP TRU8TEES' REPORT (coKfiNUED) FOR THE YEAR ENDED 31 AIARCH 2023 Chrft•bh Obj Tho ob*es of L•Jan Vlllago Youth and CommunKy Group. a8 8tatsd In K8 Momorandum and of Th8 Ch8rW¥ obiedDM8 (Yltr4actlveB') Bre to promote the benefft of Ihe Inhabltantg of the Woodstod( W8Jtl and It8 8nvirons (the.ar￿ of benefft.) without distinctlon of gender, 8exu81 orfentallon. ag8. ethnklty. di8ablllty, or )Eltlcal. rellgk)u8 or 0th8r oplnlon ty a88(Klallng w5th the Statutory auth￿1188, Nrluntary and ccmmunty ¢xganl8allonfy and Inhabltants In a common th •Jx' (o) Th• adThK8m8nt ol cltsnBhlp or rAJmmunty dovelopment thro￿ tho of a for the local lxxnmunlty arKI (Ah8rn to cuno tog￿har S￿1 parUc* In varlous a(thAt188 and 8v8nt& y The wov181on ol rocre8llono1 fadllllos. or th• org•*at1￿7 of recrnatton81 actt¥lUa8 wlth the (rtsJ8ct ollmwovlrvJ tho condltlons of Ilfo for all partldpants. (c) lrnprove tha condnlon8 of Iff8 d thoaa In n8•d by rea8M of youth. ago. I1￿h￿11th, dlsablllty. oodal or g(>x￿mI drcumthcoB or other dl8advantag8; (d)Advanc• educatkn and healty. (8) Pr(molo amateur 8POrt and h• re(xeatlon; (fj Provlde f8rlllll8s In the Int8re8ts of 80clal welfare for rnrnlhjn and olhw lel*Jr• tlme occupalong tho Obj￿ Improvlng thè GondltloM of Ufe ftjr the said Inhabltants; (g) Pr¢Jmolo now Opportun￿ and 8xporlenco8 In art8 and CAthurw, Ih) Promots good (xThM￿ relalons and •oclal cohealon. rado1 hwmony and equallty and dl4w*, O) Prom(kn suth dh8r tht*itabl• purp0668 a8 may from tlmg ts) Ilnio ￿ dot•rfftlnod. R￿p￿lIbIlIt1•0 of lh• Tnrnt• Chwltl88 Act requlr08 the Tnkne8 to preparn Ilnffidal 8tatsrnents for each flnandal Y￿r, whlth gfva a truo and falr vlvw d the atato ol affalrn of tho L*wrfty at tho end of tho and of Ihe cr deficigrwjy for tho thBn In preparing th088 finencial stat8m8nts, tho Tru8ts88 aro req￿red to 8•1oct 8ult8bl• accounttng pdlcl88. ond thon apply thun on a conÈl8t8nt baÈl8, maklng Judgements and e&tlmats8 Ilmt are Pnthnt and reasonable. Tho Th￿te&S are r88pon8lb18 for keeplng propw xcounttrva rwx)rd8 disraoBfj. V*th rea8￿abl8 accuracy at any tkne. the ftnanclal po8itlon of the Charfty and to Bnable them to •nsuro that the Ilnandal 8tatèmenta ￿mplY wlth th• ChartlloB Act. The TrustO05 are a180 rasponslble for safeguafdlnq the a880ts of tho Chorlty arKI hgn(¥ ftjr taklng 081)nabl8 ateps frJrth• pr8v8nllon arKI dotadkn offrnud and othor Irregularlt16 tn conslderfng tts fvIAwe sltetegy, afffts and obleth* tho org•*atlon'4 Th*t888 havo g1¥￿ due regard to th8 rfty Commlsslon's guidance ￿ Public BonefiL The Trust888 are satlsfied that through lis prlmary actswt19B, tiw Charity pmldes identlfiabl8 bon6fft8 (x•nsi6tsnt wlth It8 charltsble objacts (see atml Tho Truste95 *) not conslder that thase activitles produce any Idenllllable detrlmerrt or hami. The Thk*6t ara 8allslted thol ary private benefft ts Inctdonw to its pubfic ber*ftt athvlty. LAGAN VILLAGE YOUTH & COMMUNITY GROUP TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 In th8 prevlous years dwlng the COVID 19 p8rk)d Manag￿ to malntaln thè c•ntm dolly openlng h￿r3 to doal wlth sworting and aidkng locd rejldonts. through food parcel8, hothg and ga8 vouctr￿r sthemes .but gtlll had to have vark￿5 meetmg8 vla ZL￿ wlth a host of othgr agoncle8, groups and other8. Th18 allowed us to contlnually 8UPPOrt local resldent8 through a number of evonts and 8th8mes. Our User grc4p8, projects and programrne acdv1tk8 were very 8UCC68Jful wlth a number of hltyty attandad gvents In 8UPWt of gthnlc rnlnorltlm, health and Ilb8lng WKI our ¥padel ngeds groups. W8 hava worked hard to ensur• that thè cèntfe malntalns the 88rVI￿ and addr898ed the negd8 of all In t cThnmunlty through facllltstton olthat In rn08t noed and by prov1￿￿ of the o6ntr8s facilities. In thls. we al80 had to cope wlth a m8Jorltr• In th8 bulldlng. whlth hampor8d our ablllty to provlde for tho lo￿1 c¥xnmunSty for a nwnb8r of In dealkng wlth lh8 8g8 of the I￿[1dIng, allo had pToblem8 wlth roof leakage8- e•pBdally In th8 kitthen arKI In th• trrfjttom r(x)ms coming thmugh fmm th8 maSn fawl8 of the I￿lkI1￿. Th0ge168U08 Con￿mIng tho man bulldirvJ8 delty upgrado or malntenanca n•od8 to be addres￿1 trj ensure that th• hlgh quauty of 80rrflce8 are malntaknod lor th• (xxnmunlty. Tho commlttsg mernber4 hovo cayttlnLthI to 8UPWt gnd help develop opportunlU88 and to oljo 8UPPOrt th8 mary 18rvk8s th8t gnhonced our abllltl86 to wovkle for th8 cornnwnty. Th18 also Included 8uch thlngB Q8 food parcel8, rnadym8de mgalo, and up tr) dats InfrJmMUon abcMJt P8rn(Thl davolopmont oppOr￿nIu8• and 8180 and #(Klal •dvi(*. Cornmunlty ev•nl• Tho Ccrnunlty Engagemenl Group of th8 CNnmltto8 hag ￿)ntInUed lo 8upport Ihe centre8 communlty acUvttloB and hav• a rango of dIffer￿1 actlvltles Pl8nn￿ for tho fOrth￿mIr￿j n￿)ber of n￿th9 . Dally InforM8tk)n on hthv lo partlclpats In forthcomlng acllvStl85 ar￿ regular prourarnrrm Gan b• I￿nd on our podal me(la whlth IJ u￿d ky dbplafvg and Jhorlng local cornmunlty Inlormalton. One ol our mosl endowlng wlll b6 tho annual Santa'8 Chrfstma8 8trx>w and grotto wthlch l• encl•l outgld8 the n￿n •ntr8nce to thè c(xnmunlty centr6 and whlch wo had on dlffBrwrt acCaBI￿ a numbgr of prollo people Budb aB th8 lo￿1 MLA Mr Clwlotopher Stallord tumed on th• I￿hl3 for th8 communlty In 2020. It W85 a vwy sad that latsr Ihgt Chrl¥topher pa880d away. He wlll be solely mlsBed by all In our ￿mmUnIty aThJ by lamlly and lrfend8. W8 have had BdfAst Clty c￿￿¢51 Lord maY￿S. Lord M&y)rn 8lao tho Hlgh Sherfff of Bollaot attend a numb of our fit project8. Thls enablod th8 local commth to rnaintsln a hfyalthy Alook arKI koop flL Craft and c￿ne¢t.- Our art and cralts gTQUP have produced a numbar ot hl9h qualFty artworks and al￿ to re wle or to thlngs that olhern in the communty Guuld b¥nofftfrom. These Induded bags, mats oth¥ little Items. Chrf8trna8 81Th and Farn- lh8 Chrf8tma8 8hrhv and Fare was a ma88bM 8UCC868 wth the nuthrd attendlry. Th8 Chrlstrma8 show°Grease° a complete sell out wlth nwnbews bulglng out Iho 1kn)r8 for trK*e attendlrvJ. LAGAN VILLAGE YoirrH & COMMUNITY GROUP TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The Y(th gmup Chrl8tma8 carol 8iNJThJ.- Tho youth group v18tted a number of hornj and famllleg and $4ng o range ofchrlslrnas carot5 ta Ihgn Th18 wa8 gmly apwoGW awjedalty ty the elderty and Ihoso ￿ knl in Ihe communlty. Ea8tsr.' Over th8 Eastsr weak locd ¢thlldrnn V4WO able to parlio*at8 In a number ol a(alvltle8 a n￿re trall In the local park organlsed. Handmade baskets for1he chlldrnn to collect thetr find8 on tha b811 made avallable and 80m8 Ilttkn partlclpatlon wzes were glvon to those partlclpallng. Hallowagn. The youth elub load￿, organl8ed a number of actlvltl88 for th• klth wlth on8 belrvJ scary fancy dre88 ov8nt and aloo a Sogry rnoble nlght In addFllon tho kid8 car￿1 tumlp hoad8 and thoso w8v8 on dtsploy throughout tho Hallo*w. Drama Clu1> Tho drama contlnued io m8Dt ovory Tueoday ftKJmlrw and a140 wod a •vffit that 8a8n thdr fgmllteg end frlarrflB attend the Show. Zebrn Cr(Mlno - Wo17ove had m8etfng vlth local 818cted repr88er)taUv08 and It18 Ilnally aChI￿ed thal we got th8 n cr0881ng wlth a nw push button ¢Jog8lng that wlll make It Oa8ler arKI 9aler for peopl6 C￿&S1ng tho Ravanhlll Rood. Conwnunlty Play and Gar￿ Flnally irylotsd for all to has leon a trom8thfy from local r88klBnts who are now Involved In lh8 garden area. The re188d bod8 has segn all avallablo spac* been laken up and plant￿1 wtth a varlety of vegotabl8s and fru6t. Wo are hn the of makkng th• prden 8w•a biggor lo aC￿m￿￿datO people and the ar6a18 8 maJ6t¥e hlt wlth local famllla8. Duthy th18 Ilnan(aAI year**> carrk¢ (wt auD8B fvo kry araa8 wlth th• foll(wlng dm8: CAlmm￿- Supporllng th• $14ff, wluntO8rv aThJ r88klents throw trthlng h 8dvlce, ￿MmunIty and yvuth d8velopm8nt opportunldoj. . and Irrformakn - Pro￿lIng lmad1￿1 Inftymakn r8¥ource8 to 8UKV(*tlo(xl pwla olhor cornnMx)lty ryoups ts enha1￿ th* owrau poBNlon and to Iriwrovg pewa'a thelr quollty of lffa. ty StrategfcAcdoft- Worklry wlth a number of ofvr Interested parln•rB to ernufft local pwplo kn the ¢omnxmty ha a(4X8 to the w¥Ice8 they ne•d kn onswo awareM￿ oftho typ•8 018orvlwa avallabl8to tham. . Advico and CoungelliTVJ SeNIc08- Provlthng experI9n￿l 8nd 8pKiallst stsff to undertoh wrrk that uTh]rnat•ty Jntrll)ute8 to and also benelts people Fn the . Organl•allon dovthpmwrt- Workng wllh e number of othor con¢om8d gFDUP8 and peopb to efflctont and Justslnable dellvery of our pmgrammes and projects and to 8nsure better quallty ol to the kKal wmmunlty. Lw VAllag8Youth and CDmrnunlty ¢aru￿ has dBvelowJ m Qomk￿ th th8 tdknwlng . Lagan Village Youth and Communty GrtyJp8 management- plus the expwknL* of key 8taff al￿ lo￿[ o)nwnunlty In￿1vem￿At ha8 allo￿1 the organlsation3 to be placed lo davdop and Fyamots a hlgh la￿ of nv opportsJnitle¥ and sepA￿S ts the uommurfty. LAGAN VILLAGEYOUTH & COMMUNITY GROUP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 . EnteW dovelopm8nt- worklng vAth prof8581onal adv180r8 Lagan Vlll8gg Y(wth orKI Commuw Group has been Involved En Identlfylng and dovdoplng Inmvth and 8UCf4•sfvI antww18e8 r8w￿nd￿¥j to tho dlsadvantowl nood8 ofthe communty: BuJlne88 man8gomont and pgrtnérthlp *Y>rklng- Lagan Vlllag8 Youth and Comrnunlty Group h88 (xrrlod out an 8XtanBlve number of prolects wlth partnern Involthg of fundkng bld8. dellnlro and analyg18, parttiarnhlp worklng and nauotlakn: . Proff￿110n- Lagan Village Yrth and Communlty Group ha8 an 8xtèn8lvè n81work of promollon and rrofkeljng eXP8rfen¢8 that promot88 all its actlvltles tlyough a rango of niedlum8 whlch, Includgs poster8. L80fiets, dimct adv8rttslng, C￿MmUn￿ me8lngts and vthing wllh local PAth8r8. A Marketlng Strat8gy ha8 been dèveloped ty Board • Board Momborn - lh8 Board ha8 exienslve Ilnk8 locel orgorthtlon8, whlch ha8 enablod Lagan lfjllag8 Youlh Comrnunlty Group to b8 a leadlng advocgts ft>r th8 CLxnmurlty. In addttlon, th• Momber8 have oXton81ve dlr•ct exp8rfenc* of worklng In the wlder communlty ov•r many yearn and wlth group8 and Indlvldu818 of tho communty. . Trnlntryg and ￿ t￿lIdIng. Bowd M8mborn. 81aff. and wAuntaar8 hav• axtonglv• oppor1u￿08 lor•klll dov8lqxMn( IMin988 trnlnlng on an ¢rylng bag19. wl*h enabl8s Iho orwilsatton ond Indlvldu81o to fuffll thgtr t￿ts1. addlng to oporallonj 8fKI darfty lo d8¥olopm8nL Rl•k M•nag•nwrt Th8 TnrnteO8 aro ffllndful of th6 nood to be ￿gIlant (a)ncornlng th8 monltorlng arxl budg8tlng of all exlsung ond propo8eA acllvltles, Iwth ragard to thgir experHlItUrn. s￿InablI1fy and stratagl88 {wh8r8 apprO￿at0). Trackhw crf Incorn 8fKI the monltThing of tho finarxaal positlon a(¥ONB all actlvltlg818 regularly scrutlnlzed arnl the need to en8UM that all 8ctMt*9 an appmprfats ￿nIrf1xrtIorn toward• tho centrol rA)ttt of ts chorfty la paramo￿t. The en8ur88 th•t Its ¢Y*n ￿lICleS and proc•Yuro0 a8 an enwknyw, cont￿0 to b8 In Iln8 wlth chaT¥JITrJ 18918lafilon, are seen 88 falr and supportSv8 by the slaff. Any updated or n6W px)lici08 arKI procaduros are revlewed at Board meeltng$. The TnJ8tees and man8gomanL vla an 8nnual Tl#k a86as8m8n( have Idontw thb rn8￿r rt•kg to whth tho charty Is exposed and are 8atlsffled that 8y8tems arn in place b mlllgat• th88e rhk8. Grnnt•lFundlng All the l￿d8 &lminlthred In grants by lh8 chartty are gonmed ty proL¥Jurns Ilmlt• lald th7*m and agreed h advanoe batwwn tho tharfty and th080 parlnern fun(#w fho w4nt 8chomoq. Fln•nclo1 rovlaw Ail the l￿di admtnlgter&l In grants by th8 chwmy arn govttned by procedure8 poydes duwn and agraed In ad¥arte boivmen tho Charfty and th089 partnorn fvndlng tho want All iknnclal Prorndu￿S fi)rth8 gron•lblllllo8 The trust888 aro responslbl8 for preparing tho finandal 8tat•nMts In gxordanw wth 8ppliqalh lffjy regulat1(￿8. Chorlty law requlr88 th8 tnJBteo8 to preparo flnandal 6tatem8nts for eath ftn8ncial year. Und8rthgt law the tru8te8 have elected to prepare the fin8rK*I 8tst8m8nts tn accxydance with Unttèd Klngdom Gen8rallyAc¢gptsd knaNJntlNJ Prnrall￿ [Unlted lfjngdom Accountlng Standard8 and 8ppllcablo law). Th8 Ihwnclal ststoments are requlred by law lo v8 a true and fatr vlaw of tho State of aff8lrg of tha charfty and of Ets I￿)mIng ras￿r¢86 and applloalon of resourw, Indudh)g Its net Income and expendlture for the yw. In prepartng tlwe I]na￿al 8talgments, tho truthes ar8 r￿red - Belect 8ultablè acc(wntlng pollc168 and thon apply cA)ns18tontlyi - makejudgem8nts and esUmats8 Ihat aro reasonftble and pr￿tant - preparn tho Ilnahclal stat8m8nts on the golng ¢xJn(%m ba810 unle88 It18 InapFYok¥lato to pralm that the charfty wlll contlnua kn bu81n81b. Th8 truth8 are re0pon￿ble for kaeplng propor acco• racord$ that d18doM ￿ Yea8¢wwblo aC￿racY at any tlrno th8 financlol poeltlon of th8 tharlty and anable them to en8ur• that the Itnandal 8tatsm8nts cunply wlth th• Charttles Act 2011. They are alto responslble for 88feguardlrKJ tho agsets of the charfty h8nca for takl roa•¢xMbl8 8tsp8 for th• IxBventlDn and detsdlon offraud and other irregularftleg. ThIB roport h88 bèen Tknp8red In Affj)rdanL* ￿4th tho 4)•dal provtslonB rnlathw to amall compAnlo• wlthln Part 15 of tho Compan188 Act 21Th. Bytxder of Coundlh)r hn Chahpoyson Date . 1 Septen*or 2023 yle MRCGP LAGAN VILLAGE YOUTH & COMMUNITY GROUP INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEpaENTS OF LAGAN VILLAGE YOUTH & COMMUNrrY GROUP FOR THE YEAR ENDED 31 MARCH 2023 Ind•p•nd•nt E¥wnlnorJ RI￿rt to IhNt•M of L*ll•ft Vlllag• Youlh & Communlty l¥roup l rnport on th8 a￿ounts ofthe TN8tfor the ￿&r ondad 31 Mfirch 2023, whlch grn a•t out poge• B kn 18. Réspect￿ r•$ponslbllltlos ol eharfty tru•t•M and •xamln•r As the charltrfs Tru3teg8, you arts re8pon8lble for Ihe preparaii(Jn of the acixwni8 En aLtordanc8 wllh tho Cha￿￿8B Act (Northern lrnlAnd) 2008. It ts my rnynslblltylo: examlne th8 accounts under aodon 85 of the Charfle8Act . folithv tho prwlur88 lald 6￿¥n In thg gen8ro1 glven by tho Commlulon urthr 48dlon 85(gXb) of th• CharRlo8 Act • 8tato wh8thgr partIc￿lar hav• Gomo to my attonllon, Ba•18 of Ind•wnd•Tht •xamlnw* r•port I havo axamlned your charlty a¢¢ounts a8 requlred undor Secllon 65 of the Ch8rltl88 Acl and my examlnallon was carrled out In accordance wlth the general Dir8dons glven by thg Chartty Commlssk)n for North•m Irdand undor 85(9)(b) of Ihe CharftieBAct. My 0xamlnat1￿ Indud8d 8 r8vlthv of th• re￿rdS kepl by tho (*8rlly and Ed (x)mpa￿￿ of amnts pre88ntsd wlth Ih08e wrd8. It a180 Includgd con#ld8r8th>n of Any urKwal Item8 or dIBdo￿￿ In th• accounts. Kl ae•klTrJ oxplona1kn18 fyom you aj chadty Trusto￿ concernlng any guch mattorn. My rolo18 to •t*te wh8th•r any materfal n*lt•rn l*ve corn to my attonlbn gl¥kng mo caug8 to bollevo: 1. Thal accountlng r8c>Jn$8 werg not kept In aCc￿lanCe wlth Jeclbn 83 of thg ChatlU#J A 2. That the acxounts do not ac(xYd with thoB8 acrAJuntkvJ record8. 3. That th• a(rnunts do nol (a)mply *llh tho a(thuntlng roqulrements of tho Charftl88AoL 4. Thatthorn h fvrth6r Informat1(￿ ne8dod for a proper undor81andlnB of th• account•to bo reathed. I hav8 cornpleted my oxamlnatbn and havo no ￿ncernS In rn8pgd of the malt8rn (1) to (4) Iltytod abov• and, connectlon wlth followlng tho Dlrecllon8 of tho Charlty CotMIlpBlon for Northwn troland, I hm found no matter8 that regulro drawlrKJ to your att￿110￿. Davld Lyttl• FCA CTA for and on bghalf of Day￿ Lytth + Co Lttl Charter•d AKountants 14B B411ynAhhwh Road Carrythrfl meDN LAGAN VILLAGE YOUTH & COMMUNITY GROUP STATEMENT OF FINANCIALACTIVITIES (INCLUDING INCOME AND EXPENDITUREACCOUHT) FOR THE YEAR ENDED 31 MARCH 2023 nd• 2023 TaQ•l 2022 Grant I￿rn• 9•10 153.307 153.307 141641 P•9• 15 14,278 153.307 157,282 156.917 Re•ourcM èxp•nd•d Charltabl8 actlvit*8 Govofflan￿ co8ts (135￿) (7.096) (135,388) (7,096) (122.824) {8.374) Pag• 16 (142.484) {142,484) {128,998} N•1 Incornlnqlloulgolng) v••ourn 10,823 14,778 27,919 P￿t mpv•nwrt In fund• 10. 3,956 14.778 27,919 Total t*wht forward at 1 Aprfl 77,436 105.940 78,021 Total fvnd• ¢Wfl•d forw4rd •t 31 March 2023 88.259 32,459 120,718 105.940 LAGAN VILLAGE YOUTH & COMMUNITY GROUP STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2023 TaNJlbb oesats 24,13U Debtorn Ca8h at b￿k and kn hand 915 96.874 803 88,189 88.g92 Cr•dltor4: *nouirt• fllllng du• *lthln (1￿00) tr.182) 95.089 81.B10 Tolal a•••t• l••• auff•rt Il•blllil•• 120,718 106,940 Inoom• fund• Re8trtctsd fiind8 Unr08trfct41 furKts 2,214 28.504 63,793 14.228 Proffl and1088 reaffi• 120,718 105.940 For tho Ilnand81 yaar6nd8d 31 March 2W the company w entltlod to ex6r￿￿On from audlt uNler 8aclon 477 of th8 ConwileBAct 2006 r8lafjng to small cottpanl88. Th• truBle* rnsponsib11611va far wnplylng wllh tho requlr8ments of Iho Act wSth to accounllng reo(xdB and the prepgrallon of Ilnandal Statrf￿. rnemb•rn havo Toqu1￿ the c(Ynpany to obtoln an a￿15t of Its kn8ndal ststan￿ts forth? yw In quo•tlon In a¢xDrdanoe vAth sethon 478. Th868 flnanGlal statoments havo boon pryred kn apxordan p8rtkyJl8r Categorkn rf Incomè: IncomiTrJ rOBOur￿ ftom grvTrts. v4her8 rnlated lo performance and dpadHc dellv•iable8, aro acccxmted for 08 th0 dwty eams rlght to conslderatlon by Its porfom8noo. Ary Incomo rocdvod by lh8 ¢PMrfty In advan¢• of the due data upon tt r•coJvabie18 drfeThed unttl duo doto. 1.3 IncomlNJ Re8qwrEo9 All Incomlng re8ources are I￿uded In tho 8tstement of lIn￿ClaI actfvlues the tharfty F* oIttItT*l to tha In¢om8 and th8 gmount Ian b8 quanttll8d ￿ r8a8onable acturacy. The foflowtn9 spoclfi¢ pcAldes are applod to Incomkng rns¢xwces In¥n gran￿ whore relotwj to perfommnca and specificddfveratyery, arè acewnted fty49 thè rlty eam8 tho Wto ¢onwdwakn by118 pwfrnco. Invq¥knent Income18 lrtludwl when rncelvablg. Any kncoma Tecelved by the dwlty kn advance lrftho due date Up(￿ whk* tt becom88 recthblo18 defeii•d ￿￿1 LAGAN VILLAGE YOUTH & COMMUNITY GROUP NOTES TO THE FINANCIAL 8TATEMENT8 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounllng poUcl• (C•nUmwd) IA ThnqlW• fix•d M••t8 T8nglble fixed a88ets are 1nll1al￿ mea8ured al ¢08t and 8ubs8quth nwasurod at CO8t or Va￿at￿n, not of d8preciatton and any Imp8lmiant108808. DeFYeclatlon18 re￿nISed 80 a8 to wrfig off Ihe c4Jgt w valuallon of ajgets le88 thelr rnslduol value8 ovar tholr ufj•ful1fv88 on tho foll￿￿ng bas Land and Iwlldlw8 Flxtum, ffttlng8 & 8qulpm•nt hot d4)rndalod 25% reduclng balan 3&3% 8tralght its Tho galn or lo￿ •181n9 on Iho df8po8al of an a•￿t dgt•nnlnod 88 th• differ•nG• bel￿*@n th• Jalo wocoed• nd tha c4rry*y valu8 01th8 a88e( and IB cnmllled or chorged to pKIIi or10•8. 1.5 Ca•h and cmh •qU￿1•￿ts Cash ond cash 8qulv81ents are ba8lc lIna￿tal a860ts and Indude ￿$h In hand. dépogtt8 hold at call wlth banks, other Short-lerni Ilquld Inv84tr1￿ts wlth orfgln•l maturltl86 of threa n￿nthS or I￿. ONI k￿k ovgrdraft•. Bank OV8nlraft8 ore Sh￿ wlthln tK)rrowlngs In current Ilabllltte8. 1.6 Flnonel•l In•trum•nt• The company ha8 018Cted to a[￿Yth8 provl8lonJ of Sectkln 11 'Ba8lt Flnanclal In8lruments' and So(thn 12 '0tI Flnandd Inotruments180u68' of FRS 102 to all of Its finand81 Inslrumonts. Fhmnclal Inotrument8 re￿gnISed In ts c(wnpan￿S 8tstem8nt olfrnKl•l pDJlllon tho ¢ompw)y b•com88 party to th8 Contra￿8[ provlJlon8 of th8 In81Nm8rrt. Flnandal a8sets and Ilabl1M￿ •ro I￿￿91. wfth an¥xmt8 prowtsd In th8 finandol 8tatement•, vthen th•r•18 1ogaNy enforceable ￿ght to ¥et off tho recogn180d amolnts and thorn Is an Intentlon to 89tt18 a net ba¥1• orlD reAll8e tho a88et and ￿1￿8 tho Ilability s1mullar￿￿. BN•lo flnandal amats 88810 flnanclal 8588ts. whlch include debtors and eAsh end bank balonc88. ara Inlllaly moasured at transacthjn prlcé Indudlng tran8arAlon cost8 and arg 811)sequenty carried at 8mortl8ed cost uthg Ihe 8ff8ct5v8 Intsrest rnethod unltlb th& affang8n￿rt cDn8tliut88 9 flnanclng transactlon, where the tran8actbn h mea8ured at the present value of tho fulure recelpts diKountad at a marknl rats al Irrtore8t. FlnaNaAI ckngmed reoelvabla Within ono year aro nol arnort￿. Cla•gHlcatlon of )Inan¢knl IlablHtI Flnandal Ilabllltl85 and equty Instruments are claa81fied a¢¢ordlr¥J to th8 substance of ts LX)ntractual arrdngem8nts entered into, An equSty ingtrument 19 any contract that evIde￿￿ a re¥klual Interost In tho a88•ts al the company aft8r d8ducling all of its liabl1￿. LAGAN VILLAGE YOUTH & COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 WéRCH 2023 Accountlng pollcl•b {COnun￿d) Ba•1¢ ffln•n¢ld Ilabllltl•• BaBlc fflnandal IlabllMl88, Includkw ¢rndÉtors, bank 10onB, lo￿ from fell¢xv group compan108 and praferenc sharns that aré da88ffled a8 debL 8re Initlally rn¢ognl88d attran8adon WI￿ unlos8 the affangoment con*fjtutsp a llnancln9 tran88cllon. vthere th8 debt In8tmm•nt h meagurod at tho wegent volua of tho paym8nts dkn6ywntad at a rato d Intwt. Fknandel llabllltl&8 dp•thd gs pfjyth wlthln (Th yeNr ara not 8mtrU80d. Debt Instrurnonts wiwuently Carrfod at amort18ed co8t, U8hg tho offoth Intergst fats rnthod. Tradg (xadltors arn obllgallon8 lo pay good¥ or •ervl¢x Ihat be￿ ar4ulrnd In th• ordFnary C¥￿T￿O of bu81n888 from 8upp118rn. Amounts payable are cl08811tad a8 ￿rrent Ilabllltl88 sf payment18 due wlthln one yeor or I￿. If not. they are presented as n￿.current Ilabllltles. Trade credltorn 8r8 r8cognla•J h*lly at tranwkn wk• and 8ub88qu6ntly meaoured at amtyll8ed (￿t using Iha 8ff8dve IntereBt m8thod. 1.7 Equlty Instrum•nt• Equlty In3trum8nts Issued by the company are recorded at th8 proc8ed8 r8C8tved. net of trarwcllon oosts. DfvldeDds payabl8 on •wlty Instruments ara re(xyJn168d 88 IlablH11•8 onc• théy are long8r at the dlaoretlon ol tho (xYnpBny. CharvJ8ts In lh• v81ue of derlvatlveB th8t d￿[gnated ond (yallfy a8 falrvaluo horfvJg8 Aro retAwnlftod In proflt or losB Immedlately, tffjether MAth any thangBe In the falr valu6 of tho hedged a88et or118NIty that ar• altrlbulablo to tho hodgod rllk. Th• ¢ost8 of omploy88 bon•flts ar• recogn￿ed as a 1[a￿lty and an 9￿. unlo•B tho•• e(*ts ai• r*wlred to bo recognlsod as pwt of th• of 8to¢k or Ilxod a0￿ts. Tha cojt ol any unu8ad hollday entllloment Is recognlsed In th8 th• enWoyo•ts Sarvlcu a Terrnlnation bon6ffts arn rocognl8•d Immodiatoly as an •Xpen￿ Mth•n the ccwnpgny l• darn￿•tr￿ commw to rmlnata the emplo￿n￿ of an •m￿0Ye0 or to prov￿ benollt8. .Judg•Tn•nl• and k•y gf ••Ornallon un￿rtaInty In the appflcatlon of the comp8ns1* acC￿￿tIng polldgts. tho tN81888 arn rwlred to make Judgom ejtlmatss and ag$umptkn￿ eb(xJt th8 carrylng amount of 818ets and Ilabllltle8 that aro not rnadlly apparent from (th8r sourc88. Th8 e8llm8t85 and aS￿da18d a68umptlono arn ba88d on Ngtorlcal eXp￿IenC• •KI other factorn thot orn ¢0n8ldoy￿ to bo ro1ovMnL Aclual re8uIts may dlff6r from Ihew 0gtlmats¥. Th9 8stlmatss and underlylng a8Jumptton8 are revlewed on an ongolTVJ b8618. Re￿10r}B ts) accountlng 8811rn8tes arn rerxjgnlsed In the perfod In *th6ch the estimate Is ￿56d where tho ravlslon affads only that perlo(I, or In the perlcKI of the revision and fv￿re periods wh8rn the r8vlslon affoots both ¢urrwt and firture LAGAN VILLAGE YOUTH & COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS (CONllNUED) FOR THE YEAR ENDED 31 MARCH 2023 Land and nanl •nd bulldlng• ffl1chln•ry At 1 Awtl 2022 AddllhJn8 9,100 5,160 83,545 At 31 Mar¢h 2023 14,250 56,925 71,175 IW•tloh and Inylrm•nt At 1 Aprll 2022 D•prodallon tharged kn tho year 39,415 6,131 39,415 8,131 At 31 Matth 2023 45,548 45.546 Cjrrylng •mowt At 31 March 2023 14250 11.379 At 31 March 2022 9.100 15,030 24,130 Emwoy••• Tho aver80• monthty numbor of Per￿n1 Ondudlng tru8te8B) Wnpl0￿ ty thg company durfng Ihfv yww46 5 (2022- 5). Taxallon Thè company Is a rngl8tsr•d ¢harty and thu• th not Ilablè to pay corporakn tsx. Ainounts lalllng dw on• y•r. Prepaymw 915 803 Cr•dltorn: •mount• falllng wlthln on• y• othw taxatlon and sodal 88curfty A(cnMI8 and 0th8r crodltorn 1.289 1,500 7.182 Tho Gompwrfs Mglsw charfty nun*w l&. 11Y2306 LAGAN VILLAGE YoirrH & COMMUNITY GROUP DEfAILED STATEMEKf OF FINANCIALACTlVtTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AIARCH 2023 Fund• FundB In¢omlryg r••our¢M Irorn ¢lwrMabl• •thlU•• CMperntlon lrnland BeEfast Clty Coundl Blg Lottwy 19,356 19,356 9,053 97,897 24,259 9,940 82,433 10.312 7.000 .600 97,897 UIBt8r Comrnur￿- Co¥hJ 19 ￿nd EA 8eNA8t R8glon CDHN 2,550 2,550 Ei i,. NIHE Thdd8 L88p John Mooreg FoundallDn Rank Foundatt( Hou￿nG Communlty Rel8tlon8 Coundl CFNI Varlou8 Othw Furthr• < £1.000 ￿ch fvndar 3,688 2.107 5,000 3.650 1030 2,156 1,687 3,588 2,107 6,0(K) 2.165 1.687 153,307 153.307 142,841 oth•r Incomlng r••ouve Room HI Insurance dalm 3.955 13.291 163,307 3.955 157282 158,917 Ch8rlt8ble actlvltles (135,388) (7,098) (135.388) (7,096) (122,824) (6,374) (141484) (142h84) (128,998) N•t Incornlngl(outyok¥) r••oure•fj 10.823 14,T18 27,919 LAGAN VILLAGE YOUTH & COMMUNITY GROUP SCHEDULE OF RESOURCES EXPENDED FOR THE YEAR ENDED 31 AIARCH 2023 Fund• Totsl 2012 2023 Charfl•hb athlll•• 71,749 71,749 Er￿10￿5 NIC Events and facllltator8 f•88 5.187 23,212 320 29,458 Cloanlng Llght and heot Propety repalrn and rnthtenan 3,414 7,197 4,430 2,831 234 1.135 3,414 7,197 4.430 2.631 234 1,135 1.624 1,375 6,131 2.817 3,598 2,238 Bank Prlntlng end gtsknery Tglaphona 195 1,615 1.123 6,617 1.375 6,131 Dèpréclallon 135,38B 135.388 122,824 Gov•rnan¢• cojts Act(￿n￿n Stqff Cogts 1,498 6.598 1,498 5,598 1,430 4.944 7,096 8,374 Ttjtal rnsour¢M •xp•nd•d 141484 142,484 128,998