**Company Registration No. NI622581 (Northern Ireland)**
**LAGAN VILLAGE YOUTH & COMMUNITY GROUP (a company limited by guarantee)**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2025**
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **COMPANY INFORMATION**
**Trustees** Councillor John Kyle MRCGP Mr Keith Bradshaw Ms Jenny Hughes Ms Jenny Stewart Atlay Ms Carla Martin Ms Aleksandra Lojek Ms Lynne McCormick Ms Jill Thompson Mr Simon McClean **Secretary** Lynne McCormick **Company number** NI622581 **Registered charity number** NIC102306 **Registered office** 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|1 - 4|
|Independent Examiner's report|5|
|Statement of financial activities|6|
|Statement of financial postition|7|
|Statement of changes in equity|8|
|Notes to the financial statements|9 - 12|
|**The following pages do not form part of the statutory financial statements**||
|Detailed statement of financial activities|13|
|Schedule of resources expended|14|
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 MARCH 2025**_
The Trustees present their report and audited financial statements for the year ended 31st March 2025. 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 established the objects and powers of the charity and is governed under its articles of association.
The Trustees have pleasure in presenting this report of the Charity for the year ended 31 March 2025. The Directors 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, limited by guarantee (NI 622581) and a registered charity (NIC. 102306) governed by its Articles of Association.
## Bankers: Ulster Bank
## **Message from the Chair**
Our community services have evolved over the years to meet demands and residents' priorities in providing the best support and opportunities available to them. Our aims have always been to serve those who need it the most, residents' children, young people and those who feel isolated or excluded.
Our community development opportunities have always been fundamental to our strategic direction, with the support our services now also prioritise other age groups, including some of the most vulnerable residents such as those with SEN, and aim to address key issues for the local community such as social isolation, food insecurity, physical and mental wellbeing and employment. All these contributing to making people's lives better for all in the community. These services are a positive impact delivered by our centres staff, with the support of many dedicated and essential volunteers and residents.
We are very grateful to those who have supported our projects and programmes for their significant financial support without which we would find it very difficult to provide the services we do. Thank you to all of them for their vital funding over the year. The Board also wants to thank first-time funders and the many individual people who donate time and energy, many who give regularly to our community activities and services.
As always, I would like to thank 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 community.
Dr John Kyle Chairperson
## **Structure, Governance and Management Governing Document Status**
• Lagan Village Youth and Community Group is a charitable company limited by guarantee.
• Lagan Village Youth and Community Group is governed by an elected Management Committee / trustees and are elected at the Annual General Meeting held each year.
• Lagan Village Youth and Community Group is a registered charity and is governed under the regulations of the Charity Commission for Northern Ireland.
## **Governing Document**
The group was esatblished under a Memorandum of Association which establushed the objects and powers of the charitable company and is governed under its Articles of Association. Company number: NI622581
- 1 -
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
Charity number: NIC102306 Registered Address: 15 Ballarat Street, Belfast BT6 8FW Bankers: Ulster Bank
## **Directors and Trustees**
The Directors of the Charitable Company ('the Charity') are the Trustees for the purposes of Charity Law and throughout this report are collectively referred to as the 'Trustees'.
## **Appointment of Trustees**
When a vacancy arises, Trustees analyse the strengths and weaknesses of the existing Trustees, and through personal contact seek local candidates with skills and experience which will add to the range of Trustees' expertise. Once appointed the Trustee retains office until the next AGM when he/she will be required to stand for election.
## **Trustee Induction and Training**
New Trustees are given copies of the Memorandum & Articles of Association, the most recent Annual Report and recent minutes of the meetings of Trustees. Potential candidates receive a briefing pack about the roles and responsibilities of a Trustee and could attend a Board meeting and visit Lagan Valley Community Centre to understand its work before offering themselves as a committed board member. In addition, they are directed to the Charity Commission website to view the 'Essential Trustee' and their attention is drawn to other information available on the Charity Commission website (or downloaded hard copies are offered). The staff team, Chair and/or Vice Chair provide help and assistance to facilitate familiarisation with procedures.
## **Organisational Structure and Governance**
The Board of Trustees is responsible for overall strategy and management of the organisation. The day-to-day management of the charity, including staff and all financial matters. Everyday work matters are delegated to 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-to-day activities. The Board of Trustees meets approximately every month and including the annual AGM meeting which is attended by a broad selection of peopl from across the community.
## **Annual Risk Assessment**
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.
## **Reserves Policy**
The Trustees have examined the Charity's requirements for reserves in light of the main risks to the organisation. A policy has been established whereby unrestricted funds, not committed in tangible fixed assets held by the Charity, should cover at least 6 months of the budgeted expenditure. Such reserves are needed to meet the working capital requirements of the Charity. The Trustees are confident that at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding in the short term, which is a prudent policy especially during these difficult economic times.
## **Our Vision**
Our Charity's vision is for everyone in the local community around the wider area of the Woodstock ward of East Belfast to have a better quality of life through access and participation 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 safety.
## **We are dedicated to:**
1. Providing inclusive and flexible services for families, children and young people, as well as the wider community.
2. Delivering a meaningful and positive influence on the local community, contribute to improving people's quality of life and provide practical support. In welfare benefits, housing, education, 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.
- 2 -
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
4. Through our community-based approach - acting as a community hub and service delivery that we can connect residents to everyday practical support and new opportunities.
At Lagan Village Community Centre, we facilitate opportunities to bring people together through several opportunities to improve wellbeing and reduce social isolation. We were delighted to organise several community events at which more people participate in a range of activities over the past year.
## **Services and activities**
Our impact is evidence by the large and growing number of people we see attending our projects and programmes throughout the year. Our footfall increases each year which demonstrates that our activities and services meet needs and demands of our local community.
We also offer a space for other groups and individuals to use for their own activities, events and courses. Some groups have been operating at 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 activities for the wider community.
## **Some of the other main activities on offer:**
- Areobics class - a very dynamic and friendly class open to all.
- After School Club.
- Seniors Club - over 50's lunch club with chair yoga classes and social activities open to all every Wednesday.
- Community Yoga - a weekly wellbeing class, every Tuesday morning.
- After schools club for children - daily after school activities including cooking, IT and dance.
- Food Hub - a provision of food and essential items to residents and families.
- Holiday Summer scheme - a popular holiday provision for children age 7 to 18 years.
- IT training and employability programme - run for people to hgain qualifications and secure employment.
- Sports - multi sports sessions for all.
- Dance - a weekly energetic dance class to make you healthier.
- Youth club - open to all young people age 7 to 18 years old, led by young people themselves.
## **Future plans**
Our community is growing and benefiting more people and many more groups. Our community centre services are broadening its opportunities by going beyond the walls of our centre - and its team's reach to ensure that we do not only offer access activities to all but 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 acces our services and have developed a stimulating programme that caters for people from 0 to 99.
Our priority for the coming financial year is 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 weill do all we can to keep our most popular services (e.g. childcare provision, wellbeing activities and Food Hub) but are fully aware that we need to identify new ways of delivering some of these services, while running costs continue to rise as well as challenges for many of our 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 services for some of our most vulnerable neighbours. Our Childcare and Youth Team will also focys 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.
## **Statement of directors' responsibilities**
The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.
- 3 -
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United 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 its net income and expenditure for the year. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern 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 accuracy at any time the financial position of the charity and enable them to 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 trusteesCouncillor John Kyle MRCGP , **Chairperson** Date : 10 October 2025
- 4 -
**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 2025**
## **Independent Examiners Report to the Trustees of Lagan Village Youth & Community Group**
I report on the accounts of the Trust for the year ended 31 March 2025, which are set out on pages 6 to 14.
## **Respective responsibilities of charity 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 accounts under section 65 of the Charities Act
- follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act
- state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
I have examined your charity accounts as required under section 65 of the 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)(b) of the Charities Act.
My examination included a review 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 attention 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 accounting records.
3. That the accounts do not comply with the accounting requirements of the Charities Act.
4. That there is further information needed for a proper understanding of the accounts to be reached.
## **Independent examiner’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 Northern Ireland, I have found no matters that require drawing to your attention.
**Nelson Boyle ACA for and on behalf of David Lyttle + Co Ltd Chartered Accountants**
10 October 2025
**Emerson House 14B Ballynahinch Road Carryduff Belfast BT8 8DN**
- 5 -
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|||**Restricted**|**Unrestricted**|||
|---|---|---|---|---|---|
|||**funds**|**funds**|**Total**|**Total**|
|||**2025**|**2025**|**2025**|**2024**|
|||**£**|**£**|**£**|**£**|
|**Incoming resources**||||||
|**_Incoming resources from charitable_**||||||
|**_activities_**||||||
|Grant income|**Page 15**|145,661|-|145,661|150,580|
|**_Other incoming resources_**|**Page 15**|-|2,985|2,985|1,965|
|**Total incoming resources**||145,661|2,985|148,646|152,545|
|**Resources expended**||||||
|Charitable activities|**Page 16**|(132,839)|-|(132,839)|(130,180)|
|Governance costs|**Page 16**|(7,142)|-|(7,142)|(6,791)|
|**Total resources expended**||(139,981)|-|(139,981)|(136,971)|
|**Net incoming/(outgoing) resources**||5,680|2,985|8,665|15,574|
|**Net movement in funds**||5,680|2,985|8,665|15,574|
|Total funds brought forward at 1 April||||||
|2023||103,833|32,459|136,292|120,718|
|**Total funds carried forward at 31**||||||
|**March 2024**||109,513|35,444|144,957|136,292|
The statement of financial activities has been prepared on the basis that all operations are continuing operations.
There are no recognised gains and losses other than those passing through the statement of financial activities.
- 6 -
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **STATEMENT OF FINANCIAL POSITION**
## _**AS AT 31 MARCH 2025**_
|||**2025**||**2024**||
|---|---|---|---|---|---|
||**Notes**|**£**|**£**|**£**|**£**|
|**Fixed assets**||||||
|Tangible assets|**3**||20,498||24,127|
|**Current assets**||||||
|Debtors|**6**|1,076||861||
|Cash at bank and in hand||125,038||112,879||
|||126,114||113,740||
|**Creditors: amounts falling due within**|**7**|||||
|**one year**||(1,655)||(1,575)||
|**Net current assets**|||124,459||112,165|
|**Total assets less current liabilities**|||144,957||136,292|
|**Income funds**||||||
|Restricted funds|||110,533||63,793|
|Unrestricted funds|||34,424||14,228|
|Profit and loss reserves|||144,957||136,292|
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The trustees responsibilities for complying with the 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 subject to the small companies regime.
The financial statements were approved by the trustees and authorised for issue on 10 October 2025 and are signed on its behalf by:
Councillor John Kyle MRCGP : **Chairperson** Date : 10 October 2025 **Company Registration No. NI622581**
- 7 -
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **STATEMENT OF CHANGES IN EQUITY** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Balance at 1 April 2023**
**Year ended 31 March 2024:**
Profit and total comprehensive income
**Balance at 31 March 2024**
**Year ended 31 March 2025:**
Profit and total comprehensive income
**Balance at 31 March 2025**|**Share**
**capital**
**Profit and**
**loss**
**reserves**
**£**
**£**
-
120,718
-
15,574
-
136,292
-
8,665
-
144,957|**Total**
**£**
120,718
15,574|
|---|---|---|
|||136,292
8,665|
|||144,957|
- 8 -
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **Company information**
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 accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Lagan Village Youth & Community Group meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accountancy policy note(s). The financial statements are prepared on a going concern basis.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties (if applicable) and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Fund accounting**
Unrestricted funds are available for use at the discretion of the charity trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure 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 categories of income:
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Investment income is included when receivable.
Any income received by the charity in advance of the due date upon which it becomes receivable is deferred until that due date.
## **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 to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Investment income is included when receivable.
Any income received by the charity in advance of the due date upon which it becomes receivable is deferred until that due date.
- 9 -
**LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.4 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings not depreciated Fixtures, fittings & equipment 25% reducing balance Computer equipment 33.3% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the 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-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.6 Financial instruments**
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to 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 assets**
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## **Classification of financial liabilities**
Financial liabilities and equity 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.
- 10 -
**LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 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 the arrangement constitutes 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 liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **1.7 Equity instruments**
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
## **1.8 Employee benefits**
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock 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 to terminate the employment of an employee or to provide termination benefits.
## **2 Judgements and key sources of estimation uncertainty**
In the application of the company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates 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 reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is 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.
- 11 -
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **3 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
|**Land and**
**buildings**
**Plant and**
**machinery**
**etc**
**£**
**£**
**Cost**
At 1 April 2024 and 31 March 2025
14,250
59,293
**Depreciation and impairment**
At 1 April 2024
-
49,416
Depreciation charged in the year
-
3,629
At 31 March 2025
-
53,045
**Carrying amount**
At 31 March 2025
14,250
6,248
At 31 March 2024
14,250
9,877|**Total**
**£**
73,543|
||49,416
3,629|
||53,045|
||20,498|
||24,127|
## **4 Employees**
The average monthly number of persons (including trustees) employed by the company during the year was 0 (2024 - 5).
## **5 Taxation**
The company is a registered charity and thus is not liable to pay corporation tax.
## **6 Debtors**
|**Amounts falling due within one year:**
Prepayments
**7**
**Creditors: amounts falling due within one year**
Accruals and other creditors|**2025**
**£**
1,076
**2025**
**£**
1,655|**2024**
**£**
861|
|---|---|---|
|||**2024**
**£**
1,575|
## **8 Charity Number**
The company's registered charity number is: 102306
- 12 -
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
||**Restricted**|**Unrestricted**|||
|---|---|---|---|---|
||**Funds**|**Funds**|**Total**|**Total**|
||**2025**|**2025**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|
|**Incoming resources from charitable activities**|||||
|Co-operation Ireland|499|-|499|1,204|
|GVRT|-|-|-|1,485|
|Belfast City Council|28,640|-|28,640|24,328|
|Big Lottery|13,525|-|13,525|13,525|
|Department for communities|83,974|-|83,974|88,809|
|EA Belfast Region|3,000|-|3,000|3,279|
|Peter Harrison|-|-|-|3,000|
|Anton Jurgens|-|-|-|4,000|
|NIHE|1,716|-|1,716|1,580|
|Apex Housing|5,123|-|5,123|2,085|
|Groundwork|5,500|-|5,500|-|
|Community Relations Council|-|-|-|1,170|
|Concentrix|1,194|-|1,194|-|
|Hunger programme|2,490|-|2,490|1,000|
|Radius|-|-|-|2,375|
|Various Other Funders < £1,000 each funder|-|-|-|2,740|
||145,661|-|145,661|150,580|
|**Other incoming resources**|||||
|Room Hire|-|2,985|2,985|1,965|
|**Total incoming resources**|145,661|2,985|148,646|152,545|
|**Resources expended**|||||
|Charitable activities|(132,839)|-|(132,839)|(130,180)|
|Governance costs|(7,142)|-|(7,142)|(6,791)|
|**Total resources expended**|(139,981)|-|(139,981)|(136,971)|
|**Net incoming/(outgoing) resources**|5,680|2,985|8,665|15,574|
- 13 -
## **LAGAN VILLAGE YOUTH & COMMUNITY GROUP**
## **SCHEDULE OF RESOURCES EXPENDED** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Restricted**
**Unrestricted**
**Funds**
**Funds**
**2025**
**2025**
**£**
**£**
**Charitable activities**
**Support costs**
Wages and salaries
68,138
-
Employer's NIC
521
-
Events and facilitators fees
31,408
-
Rates
392
-
Cleaning
4,050
-
Light and heat
4,042
-
Property repairs and maintenance
13,245
-
Insurance
2,372
-
Bank charges
203
-
Printing and stationery
1,972
-
Telephone
1,908
-
Sundry expenses
958
-
Depreciation
3,630
-
132,839
-
**Governance costs**
Accountancy
1,664
-
Staff Costs
5,478
-
7,142
-
**Total resources expended**
139,981
-|**Total**
**2025**
**£**
68,138
521
31,408
392
4,050
4,042
13,245
2,372
203
1,972
1,908
958
3,630
132,839
1,664
5,478
7,142
139,981|**Total**
**2024**
**£**
67,675
4,680
33,594
382
3,694
2,927
6,575
2,636
286
1,036
1,921
903
3,871|
|---|---|---|
|||130,180|
|||1,575
5,216|
|||6,791|
|||136,971|
- 14 -