Learmount Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 May 2023 The trustees, who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 May 2023. Reference and administrative details Registered charity name Learmount Community Development Group Ltd NIC102977 Charity registration number Company regislration number N1031452 Princlpal offlce and registered School Lane office 192 Learmount Road Park Village Co Derry BT47 48A The trustees Ms P McGrellis Ms S Witherow Mr JB Murphy Mr K Lynch Mr P Conway Ms P O'Neill Mrs S Byrne Mrs M O'Kane Company secretary Mrs K O'Kane Independent examiner Shaun McElhinney 1 b Brookmount Crescent Omagh Co Tyrone BT78 5HG Learmount Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continuod) Year ended 31 May 2023 Structure, governance and management Governing Document The organisation is a charitable company, limited by guarantee, incorporated on 17 October 1996. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The trustees of the charity, who are also directors. are detailed on page 1. Management Subject to the provisions of the Companies Act, the memorandum and the articles of association and to any directions given by special resolution, the business of the Company shall be managed by the directors who may exercise all the powers of the company. Learmount Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (Continued) Year ended 31 May 2023 Objectives and activities Learmount Community Development Group Ltd was established in 1991 to empower and support the people of Learmount in working towards the social, environmental and educational development of the community through voluntary action. The main activities of Leamiount Community Development Group Ltd revolve around the provision of serviceslactivities for all residents in the Park Ward of County Derry. The organisation continually addresses the multiple inequalities and deprivation that rural people consistently experience and the organisation endeavours to alleviate this through the provision of essential services in the local area. The organisation maintain four buildings in the area.. Learmount Resource Centre, Learmount Community Centre, the Mastefs House and Park Soccer Clubhouse and Pitch. In March 2022 the CARE Project (Collective Approach to Rural Exclusion} began a joint project in the Sperrin DEA, led by the Learmount Group with partners in Glenelly, Donemana, Artigarvan and Ballymagorry. The project is aimed at improving the health and wellbeing of people aged 55 plus, encouraging them to stay connected to their local communities through participation in a range of activities and services, including joint activities be￿een the partners. The National Lottery Community Fund have awarded £455,172 over 4 years, administered by The Learmount Group. Main Activities include.. Provision of Resource Centre and Community Centre to house local groups and provide outreach services i.e. Parent & Toddler Group, Playgroup, 60+ Luncheon Club, Outreach Health Centre including G.P, treatment room and provision of prescriptions, Post Office service, Citizens Advice, Dementia Friendly Community Services, Park & District Farms Association, St. Mavs Youth Club, and Drop in Centre. Provision of personal, social, educational, environmental activities, events and programmes such as IT, Yoga, Craft Classes, First Aid, Healthy Living, Santa Trail, Outings, History Club etc. Provision of administration services to local groups and individuals living in the area. Obtaining funding for Capital Build, Environmental Projects, Village Enhancements and Learmount Forest improvements. Lobbyists for the community when issues arise with statutory agencies such as DRD, Translink, DHSS&PS etc. Pressure group on matters of concern to the area and attend meetings and forums further afield when necessary. Operation of highly successful volunteering programme which offers a range of services including Good Morning Park (a telephone support service for older people), Befriending, Transport, Kid's Club, Environmental Club, Book Club. Fishing Club, Collection of Recyclable items, Collection of Clinic items etc. Dementia Hub providing a range of Dementia Friendly Community Services. The charity operates a community development group. Learmount Community Development Group Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {contlnuedJ Year ended 31 May 2023 Achievements and perfomiance All objectives and targets set have either been fully realised or are being significantly progressed. Financlal review The organisation had another successful year in which the net assets remain relatively stable at £271,117. Principal Funding Sources The principal funding source for the charity was by way of grant income from various funders. The charity also generates income from its resource centre. Grant Policy Grants obtained are classified as restricted funds and are subjed to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Reserves Policy The trustees are confident that the reserves of the company are of a sufficient level to be able to continue the current activities of the charity in the event of a drop in funding. Unrestricted reserves are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted reserves are subjected to restrictions on their use by the donor. Finance reserves are set aside to protect the charity against drops in income and as a back-up for future extensions and commitments when necessary in relation to Park Soccer Clubhouse and pitch, Learmount Resource Centre. Learmount Community Centre and the Masterfs House. It is also policy to increase reserves to cover six months operational expenditure should it be required in the future. The balance in the charitys bank accounts at the balance sheet date is £107.724. Small Gompany provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 20 September 2023 and signed on behalf of the board of trustees by-. Mrs S Byrne Trustee Mrs M O'Kane Trustee