Company Registration No. N1622S81 {Northern Irelandl
LAGAN VILLAGE YOUTH
& COMMUNITY GROUP
(a company limited by guarantee)
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
COMPANY INFORMATION
Trustees
Councillor John Kyle MRCGP
Mr Keith Bradshaw
Alderman Chris McGimpsey
Ms Jenny Hughes
Ms Jenny StewartAtlay
Ms Carla Martin
Ms Aleksandra Lojek
Ms Lynne Mccormick
Secretsry
Sonya Laverty
Company number
N1622581
Registered charity number NIC102306
Registsred offlcè
15 Ballarat Street
Belfast
Co Antrim
BT6 8FW
Accountants
David Lyttle & Co Ltd
Emerson House
14B Ballynahinch Road
Carryduff
Belfast
BT8 8DN

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
CONTENTS
Page
Trustees, report
Independent Examinerfs report
Statement of financial activities
statement of financial postition
statement of changes in equity
10
Notes to the financial statements
Tho followlng page8 do not form part of the statutory flnanclal #tatements
Detailed statement of finanrial activities
15
Schedule of resources expended
16

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report and audited financial statemenls for the year ended 31 st March 2024. This report is
also the director's report required by section 415 of the Companies Act 2006.
structure, Governance and Management
Lagan Village Youth and Community Group is a charitable company limited by guarantee with no share capital,
incorporated on 31 January 2014 and registered as a charity on 3rd March 2015. The company was established under
a memorandum of association which eslablished the objects and powers of the charity and is govemed under ils
article5 of association.
The Trustees have pleasure in presenting this report of the Charity for the year ended 31 March 2024. The Dire¢tors
of LVY&CG are also its Trustees for the purposes of charity law and are referred to as 'Trustees' throughout this
report.
As described the Charity's Trustees are responsible for the daily management of LVY&CG.
LVY&CG is a registered private limited company, limiled by guarantee (Nl 6225811 and a registered charity (NIC.
102306) governed by its Articles of Association.
Bankers Ulster Bank
Message from the Chair
The past year off 2023-24 has been anolher year of outstanding achievements and successes for Lagan Village
Community Centre and its staff and volunteers. Despite relentless challenges placed on the organisalion and the
community, including the cosl-of-living crisis and inflation leading to higher running costs and reduced funding
opportunities, the charity continues to grow from strength to strength.
Thi5 year, Lagan Village has engaged with more people than ever. It has extended its seNi¢es to residents across the
Woodstock and Ravenhill wards and as a community organisation ensuring that its services are community oriented,
relevant lo people's needs and inclusive lo all.
Our commLtnily setvices have evolved over the years to meel demands and residents, priorities in providing the best
support and opportunities available to them. Our aims have always been lo serve those who need it the most. Our
communities Children, young people and family's development opportunities have always been fundamental to our
strategic direction and with new support our services now also prioritise other age groups, including some of the most
vulnerable residents SLtch as those with SEN, and aim lo address key issues for the local community such as social
isolation, food insecurity, physical and mental wellbeing and employment. All contributing to make lives better for
residents. These services are a pos11ive impact delivered by our centres staff inilialives we facililate at our Community
centre, with the support of many dedicated and essential volunteers and residents.
We are very grateful lo Ihose who have supported our projects and programmes for their significant, multi-annual
financial support. Thank you lo all of them for Iheir vital funding over the year. The Board also wants to thank first-time
funders and the many individual people who donate lime and energy, many who give regularly to our community
activities and setvices.
As always, I would like to Ihank our staff and volunteers for their hard work and commitment, as well as my fellow
Trustees for their time and invaluable skills that ensure Lagan Village Community Centre continues to be a thriving
asset for many in our communily.
Recruitment and appointment of Trustees
The directors of the company are also charity trustees for the purposes of charity law. The trustees have developed a
policy for the recruitment of trustees that ensures Iheir collective experience, and skills are best able to meet the
needs of the charity. New Trustees are appointed by members.

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Potential candidates for the Board of Trustees receive a briefing pack about the roles and responsibilities of a Trustee
and have the opportunily to allend a Board meeting and visit Lagan Village Community Centre lo understand ils work
before offering themselves as a committed board member. Trustees are invited to meet senior staff members and
participate in many of Ihe centre's activities.
Organisational Structure and Governance
The Board of Trustees is responsible for overall strategy and management of the organisalion. The day-to-day
management of the charity. including staff and all financial malters. Everyday work matters is delegated lo the
Community Development Officer, Administrator and our Youth Workers. Our volunteers fulfil other roles in the
organisation with their support and help in many of the day-towday activities,
The Board of Trustees meets approximately every month and including the annual AGM meeting which was well
attended by a broad selection of people from across the community
Annual Risk Asses8ment
The Trustees periodically undertake a review of the major risks to which the charity is exposed to. Each year when
considering the operating budget and strategic plan, the Trustees review the associated organisational risks. The
senior management team also review operational systems and procedures and service area risk assessments to
manage risks that are in place. We review and update our risk assessments, business continuity and emergency
contingency plans annually.
Our Vi8lon
Our Charity 's vision is for everyone in the local community around the wider area of Ihe Woodstock ward of Easl
Belfast to have a belter quality of life through access and particlpation in key services and activities. which build
cohesion, a stronger and more resilient local community for all to live and exist in both peacefully and in safely.
We are dedlcated to:
1. Providing inclusive and flexible services for families, children and young people, as well as Ihe wider community.
2. Delivering a meaningful and positive influence on the local community, ￿ntribute to improving people's quality of
life and provide practical Support. In welfare benefits, housing, edu¢alion, job opportunities, personal development and
health and wellbeing.
3. Meeting the needs of the local community, especially people those with higher needs such as those who are most
vulnerable, SEN and our senior citizens.
4. Through our community-based approach - acting as a community hub and Servi￿ delivery that we can connect
residents to everyday practical support and new opportunities.
Some of our Communlty activities run over the past year
At Lagan Village Community Centre, we endeavour to keep our programme of activities and support varied and
accessible to all so that those who feel isolated, excluded or looking for new opportunities can feel as part and
essential component of our community.
Our hunger programmes which are Food support programmes that 5UPPOrted over 500 residents with weekly Food
bags, including children, young and elderly people. Over 50 new residents registered with Ihe Food support
programme, with food parcels and weekly lunch clubs operating over the past year. This is only possible with the
support of our funders and the critical hard work of dedicated local volunteers who dedicaled over 2000 hours to their
local community programmes that supported a range ofdiverse families and people.

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
In June, we launched the Wednesday lunch club over the summer holidays to Servi￿ the needs of children and
support those families who depend on free school meals and to ensure at least once a week a child gets a substantial
meal.
At Lagan Village Community Cenlre, we facilitate opportunities to bring people together through a number of
opportunities to, improve wellbeing and reduce social isolalion. We were delighled to organise a number community
events al which more than1500 people participated in a range of activities of the past year.
One special programme was our garden projecl which was developed through a partnership be￿een ourselves and
residents lo provide access lo garden actiwlies for residents, to grow and produce a range of food items that can
supplement their own food and also by giving to others who could also benefits from the'sow and Grow" programme.
Every morning, the keep fit group welcomes people to participate in a range of activilies to gel active, spark people's
interest, stay infomed and relax. Over 20 people were registered and participated regularly in Virbro plates, Aerial
bungees, Hula Hooping, Dance and get active.
The Health and Wellbeing programmes also include a range of other aclivilies and one of the mosl important is our
"Lifeline "programme setup lo support those who feel vulnerable or need support in times of need. One of most vital
programmes is during Ihe winter period, where we can provide an ideal 'warm space. for older people to come along
lo where they can meel others and parti¢ipate in a range of activities. Our 'older people, support programme was
boosted through the Happy Wnler Wellness project facilitated by our volunteers. Our community support team
conne¢led with and supported 300 residents aged 65+ providing essential information and signposling io services and
support locally.
Garden club member John said - .1 have made friends with my fellow gardeners as well as residents that live near the
garden area, coming out lo talk about what we are doing and offer their responses and share gardening stories.
Children's activlties and ¢hildcare serviceg
Our after-school activities for local childrén is a mixture of educatlonal, homework support and play time so they can
learn and thrive al their own pace. From computer training to sports. reading Club lo our super popular cooking club,
35 children have learned new skills, mel new friends and had fun during their participation on the programme. A range
of local families used our After School provision Ihis year, and ¢hildren aged 4 to 16 years have attended our club
provision while their parents have an opportunity of free lime or also participate in one of training or our health and
wellbeing programmes.
Our Mums N Tots Playscheme provision is supporting over 20 molhers with up to 20 children aged up lo 4 years
attending each week. Through the Lunch programme (Holiday and Food Programme), we have offered many free
places to 'vulnerable children. children with special needs and children whose parents are at work joined the
playschemes throughout the year. We are proud to be an indusive provision, where all children are supported to be
able lo join in.
Youth activities and training
Lagan Village Youth centre has always been a Spa￿ for young people. Our open-access youth provision has grown
this year with an average of 35 young people attending our daily sessions. The Youth Club counted 35 regular
members aged 7- to 17-year-olds. Activities are yovth-led and, with our annual Summer Schemes and other weekly
programmes seen a lot of young people attending. Other programmes included a DJ workshops, residentials, and
other exciting projects was delivered and on offer so local young people can learn new skills, relax and meet others in
a safe and inclusive environment.
Services and activitles
Our impact is evidence by the large and growing number of people we see attending our projects and programmes
throughout Ihe year. Our foolfall increases each year which demonstrates that our activities and services meet needs
and demands of our local community.

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Many people, including local families using our popular childcare provisions, young people and older residents living
close to the centre. For the Food Hub, we had to define a calchment area i which is approximalely over a s-mile
radius around the centre. For some aclivities, people Iravelled from other parts of Belfast to attend either or Fun in the
Park programme, or our Santas Grotto Christmas shows.
We also offer a space for other groups and individuals to use for their own activities, events and courses. Some
groups have been operaling al our centre for many years, but new activities start each year. We are careful that all
services and activities in the centre complement each other to offer a wide range of a￿1VitieS for Ihe wider community.
Some of the other maln actlvltles on offer:
. Aerobics ¢lass- a very dynamic and friendly class open to all.
* After School Club.
Seniors Club
over 50,5 lunch club with chalr yoga classes and social activities open to all every Wednesday.
Community Yoga- a weekly wellbeing class, every Tuesday morning.
After school clubs for children
daily after school activities including cooking, IT and dance.
Food Hub - provision of food and essential items lo local residents and families.
• Holiday Summer scheme- a popular holiday provision for children age 7 to 17 YEARS.
IT training and employability programme- run for peopl8 to gain qualifications and secure employment.
Sports multi sports sessions for all.
Dance - a weekly energetic dance class to make healthier.
Women only fitness classes delivered by a qualified coach.
• Youth club - open lo all young people age 7 to 18 years old, led by young people themselves, held on Monday and
Friday evenings.
Zumba - a free weekly class.
Futuré plans
Our community is growing and benefiling more people and many more groups. Our community centre services is
broadening its opportunities by going beyond the walls of our cenlr& and its team's reach lo ensure that we do not
only offer access activities to all, bul also create opportunities which will be life changing for the people we work with.
We refer to other services, work in collaboration with like-minded organisations to increase our impact, find solutions
for individual and community issues, engage with people who do not yet access our servI￿S and have developed a
stimulating programme that caters for people from O to 99.
Our priority for the coming financial year 15 to continue to diversify and to prioritise fundraising so we can sustain our
services, as well as pilot and deliver new ones adapting to and caring for our local community. We will do a
I we can to keep our most popular Se￿iceS (e.g. childcare provision, wellbeing activities and Food Hub), but are fully
aware that we need lo identify new ways of delivering some of these services, while running costs continue to rise as
well as challenges for many ofour Community members.
Through community organising, our aim is to find out what are the key issues affecting people and find solutions
together to address them. Our Community Team will continue to deliver a range of se￿iceS for some of our most
vulnerable neighbours. Our Childcare and Youth Team will also focus on providing a safe and fun space for local
children and young people, so parents and carers can work, train or study, and young people learn and thrive.
Another priority will be to recruit more communily volunteer members with lived experience to join the Board and
develop a new strategic plan for the Charity for 2024-27.
Finally, our centre is used every day of the year, 7 days per week. Lagan Village Community Centre now needs some
attention as soon as sufficient funds are raised for a general refurbishment. We look fO￿ard to working with our long-
term partners and new ones, the many residents who volunteer at our centre (you are essentiall), and our funders and
supporters.

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Responsibilities of the Trustees
The Charities Act requires the Trustees to prepare financial statements and a report for each financial year which
gives a true and fair view of the state of affairs of the charity at the end of the year and of the surplus or deficiency for
the year then ended.
In preparing the financial statements, the Trustees are required to select suitable accounting policies, and then apply
them on a consistent basis. making judgements and estimates that are prudent and reasonable. They must also
prepare the financial statements on the 'going con¢ern' basis unless it is inappropriate to presume that the Charity will
not continue in business.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any
time, the financial position of the Charity and to enable Ihem to ensure that the financial statements comply with the
Charities Act 1993. The Truslees are also responsible for safeguarding the assets of the Charity and hence for taking
reasonable steps for the prevention and deteclion of fraud and oth8r irregularities.
The trustees (who are also the directors for th8 purposes of company law) who have served during the year were..
Councillor John Kyle MRCGP
Mr Keith Bradshaw
Alderman Chris McGimpsey
Ms Jenny Hugh8s
Ms Jenny StewartAllay
Ms Cada Martin
Ms Aleksandra Lojek
Ms Lynne Mccormick
One of our most endearing will be the annual Santa's Christmas show and grotto which is erected outside the main
entrance lo the communily centre and which we had on different occasion a number of high profile people such as
the loGal MLA Mr Christopher Stalford who turned on the lights for the community in 2020. It wa5 a very sad that lat&r
on that Christopher passed away. He will be solely missed by all in our community and by his family and friends. We
have had Belfast City Council Lord Mayors, deputy Lord Mayors and also the High Sherriff of Belfast attend a number
of our community events along with local MLAS
GrantslFunding
All the funds administered in grants by the charity are governed by procedures and limits laid down and agreed in
advance between Ihe charity and those partners funding Ihe grant s¢heme$.
Financial review
All the funds administered in grants by the charity are governed by procedures and policies laid down and agreed in
advance between the charily and those partners funding the grant schemes.
All financial procedures for the group are reviewed annually to ensure thal all policie5 and procedures are updated to
conform lo any new financial legislation that has been introduced.
Plans for Future Periods
We are hoping to develop the centre with a new extension and refurbishment. Architectural drawings and funding
applications have been submitted for grant aid to allow us to provide the facilities that this community needs to further
develop.

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
In the coming years, we expect substantial changes in the public sector to continue to affect Lagan Village Youth and
Communiiy Group. and a continuing theme will be to develop new income streams as public funding opportunities
continue to become more challenging. This and other extemal issues continue to impact on Lagan Village both on a
financial basis and in the general running of the charity. We hope that targets set out above will be successfully
achieved this year and in the years to come.
Statement of directors. responsibilities
The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.
Charity law requires the trustees to prepare financial statements for each financial year. Under that law Ihe trustees
have elected to prepare the financial statements in accordance wilh Uniled Kingdom Generally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to
give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources,
including ils net income and expenditure for the year. In preparing those finan¢ial statemenls, the trustees afe required
select suitable accounting policies and then apply Ihem consistently..
make judgement5 and estimates thal are reasonable and prudent.,
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will
continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable a¢¢uracy at any
lime the financial position of the charity and enable them lo ensure that the financial statements comply with the
Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions relating to small Companies within Part 15 of
the Companies Act 2006.
By order
of the trustees
Councillor John Kyle MRCGP
Chairperson
Dale 30 September 2024

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LAGAN VILLAGE
YOUTH & COMMUNITY GROUP FOR THE YEAR ENDED 31 MARCH 2023
Independent Examiners Report to the Trustees of Lagan Village Youth & Communlty Group
I report on the accounts of the Trust for the year ended 31 March 2023, which are set out on pages 8 to 16.
Respective responsibilities of charlty trustees and examiner
As the charity's Trustees, you are responsible for the preparation of the accounts in accordance with the Charities
Act (Northern Ireland) 2008.
It is my responsibility to..
examine the accounls under section 65 of the Charities Act
follow the procedures laid down in th8 general Directions given by the Commission under section 65(9}(bl of the
Charitiès Act
* state whether particular matters have come lo my attention.
Basls of Independent examlner's report
I have examined your charity accounts as required under section 85 of Ihe Charities Act and my examination was
carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under
section 65{9)(bl of the Charities Act.
My examination included a revlew of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also included consideration of any unusual items or disclosures in the accounts,
and seeking explanations from you as charity Trustees concerning any such matters.
My role is to state whether any material matters have come to my attenlion giving me cause to believe..
1. That accounting records were not kept in accordance with section 63 of the Charities Act.
2. That the accounts do not accord with those 3¢counting records.
3. That the accounts do not Comply with the accounting requirements of the Charities Act.
4. That there is fvrther information needed for a proper understanding of the accounts to be reached.
Independent examlner's statement
I have completed my examination and have no concerns in respect of the matters (1) to {4) listed above and. in
connection with following the Directions of the Charity Commission for Northem Ireland. I have found no matters
that require drawing to your attention.
/VqJ.,
Nelson Boyle ACA
for and on behalf of David Lyttle + Co Ltd
Chartered Accountants
30 September 2024
Emerson House
14B Ballynahinch Road
Carryduff
Belfast
BT8 8DN

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Restricted Unrestrlcted
funds
funds
2024
2024
Total
2024
Total
2023
Incoming resources
Incomlng resources fmm charitable
activities
Grant income
Page 15
150,580
150,580
153,307
Other incomlng resources
Paga 15
1,965
1,965
3,955
Total incomlng resources
150,580
1,965
152,545
157,262
Resources expended
Charitable activities
Governance costs
Pago16
Page 16
(130,180)
{6,791)
(130,180)
(6,791)
(135,388)
17,096)
Total resources expended
(136,971)
(136,971)
(142,484)
Net Incomlnglloutgolng) resources
13,609
1,965
15,574
14,778
Net movement in fund8
13,609
1.965
15,574
14,778
Total funds brought forward at 1 April
2023
88,259
32,459
120,718
105,940
Total funds carrled forward at 31
March 2024
101,868
34,424
136,292
120,718
The statement of financial acts'vities has been prepared on thé basls that all operations are continuing operations.
There ar6 no recognised gains and losses other than those passing through the statement of financial activities.

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
STATEMENT OF FINANCIAL POSITION
AS AT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
24,127
25,629
Current assets
Debtors
Cash at bank and in hand
861
112,879
915
95,674
113,740
96,589
Creditors: amounts falling due withln
one year
(1,575)
(1,500)
Net ¢urrent as8ets
112,165
95,089
Total assets less current Ilabllltles
136,292
120,718
Income funds
Restricted funds
Unrestricted funds
101,868
34,424
63,793
14,228
Profit and loss reserves
136,292
120.718
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of
the CompaniesAcl 2006 relating to small companies.
The trustees responsibilities for complying with Ihe requirements of the Act with respect to accounting records and
the preparation of financial statements.
The members have not required the Company to obtain an audit of its financial statements for the year in question
in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subjecl
to the small companies regime.
The financial statements were approved by the twstees and authorised for issue on 30 September 2024 and are
signed on its behalf by..
Councillor John Kyle MRCGP
Chairperson
Date .' 30 September 2024
Company Registration No. N1622581

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
Share Profit and
capital
loss
reserves
Totsl
Balance at 1 Aprfl 2022
105,940
105,940
Year ended 31 March 2023:
Profit and tolal comprehensive income
14,778
14,778
Balance at 31 March 2023
120,718
120,718
Year ended 31 March 2024:
Profit and total comprehensive income
15,574
15,574
Balance at 31 March 2024
136,292
136,292
io-

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Company Informatlon
Lagan Village Youth & Community Group is a private company limited by guarantee incorporated in Northern
Ireland. The registered office is 15 Ballarat Street, Belfast, Co Antrim, BT6 8FW.
1.1 Accounting convention
The financial statements have been prepared in accordancè with Accounting and Reporting by Charities..
statement of Recommended Pracli¢e applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) effective 1 January 20151
(Charities SORP (FRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
102) and the CompaniesAct 2006.
Lagan Village Youth & Community Group meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised al historical Cost and transaction value unless otherwise stated in the relevant
accountancy policy nole{s). The financial statements are prepared on a going concern basis.
The financlal statements are prepared in sterling, which is the functlonal currency of the company. Monetary
amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties lif applicable} and to include Investment properties and certain financial
instruments at fair value. The principal a¢¢ountlng polici8s adopted ar8 set out below.
1.2 Fund accountlng
Unrestricted funds are available for use at the dlscretion of the charity trustees in furtherance of the general
objectives of the charity.
Restricted funds are subjected to reslriction5 on their expendlture Imposed by the provider of funds.
All incoming resources are included in the statement of financial activities when the charity is entitled to the
income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to
particular Calegories of income:
Incoming resources from grants, where related to perfomiance and specific deliverables, are accounted for as the
charity earns the right to consideration by ils performance.
Investment income is included when receivable.
Any income received by the charity in advance of the due date upon which il becomes receivable is deferred unlil
that due dale.
1.3 Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the
income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to
particular categories of income..
Incoming resources from grants, where related lo performance and specific deliverables, are accounted for as the
charity eams the righl to consideration by its perfomiance.
Investment income is included when receivable.
Any income received by the charity in advance of the due date upon which it becomes re￿1vable is deferred until
that due date.
11

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.4 Tangible fixed assets
Tangible fixed assels are initially measured al Cost and subsequently measured at cost or valuation, nel of
depreciation and any impairment losses.
Depreciation is recognised so as to wrile off the cost or valuation of assels less their residual values over their
useful lives on the following bases..
Land and buildings
Fixtures, fittings & equipment
Compuler equipment
not depreciated
250/0 reducing balance
33.311A straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and Ihe carrying value of the asset, and is credited or charged to profit or loss.
1.5 Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks,
other short-lerm liquid inv&stments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are Shown within borrowings in current liabilities.
1.6 Flnancial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of Its financial instrumenls.
Financial instruments are recognised in the company's stalement of financial position when the company becomes
party to the contractual provisions of the inslrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when there is
a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
Basic financial a$$et8
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price including Iransaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaclion is measured al the
present value of the future re￿iptS discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Classification of financlal Ilabilities
Financial liabilities and equily instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of
the company after deducting all of its liabilities.
12-

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recognised at transaction price unless Ihe arrangement conslitules a
financing transaction, where the debt instrument is measured at the present value of the future payments
discounted at a market rate of interest. Financial liabilitiès classified as payable within one year are not amortised.
Debt inslruments are subsequently carried al amortised cost, using th8 effective interest rate method.
Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as ¢urrent liabilities if paymenl is due within one year or
less. If not, they are presented as non-currenl liabilities. Trade credilors are recognised initially al transaction price
and subsequently measured at amortised cost using the effective interest method.
1.7 Equlty Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
Dividends payable on equlty instruments are recognised as liabilities once they are no longer al the discrelion of
the company.
Changes in the fair value of derivatives that are dasignated and qualify as fair value hedges are recognised in
profit or loss immediately, logether with any Changes in the fair value of the hedged asset or liability thal are
attributable to the hedged risk.
1.8 Employee benefits
The costs of short-lerm employee benefits are recognised as a liability and an expense, unless Ihose Costs are
required to be recognised as part of the cost of slock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed lo
terminate the employment of an employee or lo provide termination benefits.
Judgements and key sourceg of estimatlon uncertalnty
In the applicalion of the company's accounting policies, the trustees are required to make judgements,
estimates and assumptions about Ihe carrying amounl of assets and liabilities that are not readily apparent
from other sources. The eslimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are ￿vieWed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate 15 revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
13-

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Tangible fixed assets
Land and Plant and
buildings machinery
etc
Total
Cost
At 1 April 2023
Additions
14,250
56.925
2,368
71,175
2,368
At 31 March 2024
14,250
59,293
73.543
Depreclation and Impaimient
At 1 April 2023
Depreciation charged in the year
45,546
3,870
45,546
3,870
At 31 March 2024
49,416
49,416
Carrying amount
Al 31 March 2024
14,250
9,877
24,127
At 31 March 2023
14,250
11,379
25,629
Employees
The average monthly number of persons (including trustees) employed by Ihe company during the year was 5
{2023 - 5}.
Taxatlon
The company is a regislered charity and thus is nol liable to pay corporation tax.
Debtor8
2024
2023
Amounts falling due withln one year:
Prepayments
861
915
Credltors: amounts falling due wlthln one year
2024
2023
Accruals and olher creditors
1,575
1,500
Charity Number
The company'5 registered charity number is.. 102306
14-

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOMEAND EXPENDITUREACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Rèstrlcted Unre8trlcted
Funds
Funds
2024
2024
Total
2024
Totsl
2023
Incoming resources from charltable activities
Co-operation Ireland
GVRT
Belfast City Council
8ig Lottery
Department for ¢ommunities
EA Belfast Region
CDHN
Peter Harrison
Anton Jurgens
NIHE
Todds Leap
John Moores Foundation
Rank Foundation
Apex Housing
Community Relations Councll
CFNI
Huner programme
Radius
Various Other Funders < £1,000 each fijnder
1,204
1,485
24.328
13,525
88,809
3,279
1,204
1,485
24,328
13,525
88,809
3,279
19,356
9,053
97,897
3,000
2,550
3,000
4,000
1.580
3,000
4,000
1,580
3,586
2,107
5,000
3,650
2,030
2,155
1,687
2,085
1,170
2,085
1,170
1,000
2,375
2,740
1,000
2,375
2,740
1,236
150,580
150,580
153,307
Other Incomlng resources
Room Hire
1,965
1,965
3,955
Total in¢omlng resourc88
150,580
1,965
152,545
157,262
Resources expended
Charitable aclivilies
Governance costs
{130,180)
(6,791)
(130,180)
(6,791)
{135,3881
(7,096)
Total resources expended
(136,971)
(136.971)
1142,484}
Net Incomingl{outgoingl resOu￿e3
13,609
1,965
15,574
14,778
15-

LAGAN VILLAGE YOUTH & COMMUNITY GROUP
SCHEDULE OF RESOURCES EXPENDED
FOR THE YEAR ENDED 31 MARCH 2024
Restrlcted Unrèstricted
Fundg
Funds
2024
2024
Total
2024
Total
2023
Charitable a¢tlvltle8
Support ¢osts
Wages and salaries
Employer's NIC
Events and facilitators fees
Rates
Cleaning
Light and heal
Property repairs and maintenance
Insurance
Bank charges
Printing and slationery
Telephone
Sundry expenses
Depreciation
67,675
4,680
33,594
382
3,694
2,927
6,575
2,636
286
1,036
1,921
903
3,871
67,675
4,680
33,594
382
3,694
2,927
6,575
2,636
286
1,036
1,921
903
3,871
71,749
5,664
29,456
348
3,414
7,197
4,430
2,631
234
1,135
1,624
1,375
6,131
130,180
130,180
135,388
Governance costs
Accountancy
Staff Costs
1,575
5,216
1,575
5,216
1,498
5,598
6,791
6,791
7,096
Totsl resources expended
138,971
136,971
142,484
16-