COMPANY REGISTRATION NUMBER: NI031452 CHARITY REGISTRATION NUMBER: NIC102977
Learmount Community Development Group Ltd Company Limited by Guarantee Unaudited Financial Statements 31 May 2025
CLAREMOUNT Chartered Accountants 1b Brookmount Crescent Omagh Co Tyrone BT78 5HG
Learmount Community Development Group Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 May 2025
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|Pages|
|Trustees’|annual|report|(incorporating|the|director's|report)|1to5|
|Independent|examiner's|report|to|the|trustees|6|
|Statement|of financial|activities|(including|income|and|
|expenditure|account)|7|
|Statement|of financial|position|8|
|Notes|to|the|financial|statements|9|to|16|
|The|following|pages|do|not form|part of the|financial|statements|
|Detailed|statement|of financial|activities|18|
|Notes|to|the|detailed|statement|of financial|activities|19|
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Learmount Community Development Group Ltd
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report)
Year ended 31 May 2025
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 2025.
Reference and administrative details
Registered charity name Learmount Community Development Group Ltd Charity registration number NIC102977 Company registration number NI031452 Principal office and registered School Lane office 192 Learmount Road Park Village Co Derry BT47 4BA
The trustees
Ms CA Corr Ms P McGrellis Mrs S Gormley Ms S Witherow Mr JB Murphy Mr C Loughery Mr K Lynch . Mr P Conway Ms P O'Neill Mrs S Byrne Mrs M O'Kane
Company secretary Mrs S Byrne Independent examiner Shaun McElhinney 1b Brookmount Crescent Omagh Co Tyrone BT78 5HG
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Learmount Community Development Group Ltd
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continuea) Year ended 31 May 2025
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. !n 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 ail the powers of the company.
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;
Learmount Community Development Group Ltd
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2025
Objectives and activities
Learmount Community Development Group Ltd was established in 1991 to empower and support the people of Park in working towards the social, environmental and educational development of the community through voluntary action.
The main activities of the Learmount Community Development Group Ltd revolve around the provision of services / activities for all the residents in the Park Ward of County Derry in the Sperrin DEA. 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 maintains four buildings in the area: Learmount Resource Centre, Learmount Community Centre, the Master's House and Park Soccer Clubhouse and Pitch. In March 2022, the CARE Project (Collective Approach to Rural Exclusion) begana 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 50 plus, encouraging them to stay connected to their local communities through participation in a range of activities and services, including joint activities between the partners. The National Lottery Community Fund have awarded £455,172 over 4 years, administered by the Learmount Group. This project is due to finish at the end of February 2026. In October 2025, the Learmount Group, in a joint collaboration with Park Community Hall Committee, were awarded £110,000 of PEACEPLUS funding under theme 1.1 (Community Regeneration and Transformation) for the redevelopment and upgrade of Park Community Hall. This joint project known as the LARCH Project (Learmount Area Rural Community Hub) will consist of the capital redevelopment of Park Hall to create a multi shared safe space to serve all the community. Following the completion of the redevelopment work, the Learmount Group will then deliver in Park Hall, cross-community classes and activities commencing January 2025 which will see participants of all age groups being encouraged to take part in the activities which aim to help connect people to services in their local community thus helping to reduce and breakdown the barriers of rural and social isolation and to promote inclusivity. This funding will be administrated 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, Post Office service, Dementia Friendly Community Services, Park Farmers Association and Learmount Drop Inn Group.
-
Provision of personal, social, educational, environmental activities, events and programmes such as IT, Yoga, Art & Craft Classes, First Aid, Healthy Living, Halloween Trail, Santa Activities, History Club, Ladies 50+ Social Club, History Group etc.
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Provision of administration services to local groups and individuals living in the area.
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Obtaining funding for Capital Build, Environmental Projects, Village Enhancements and Learmount Forest improvements.
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Lobbyists for the community when issues arise with statutory agencies such as DAERA, DCSDC, WHSCT, AONB working group etc.
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Learmount Community Development Group Ltd
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continuea)
Year ended 31 May 2025
-
Pressure group on matters of concern to the area and attend meetings and forums further afield when necessary.
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Operation of a highly successful volunteering programme which offers a range of services including Good Morning Park (a telephone support service for older people), children's PAC (Park Arts & Crafts) Club, Mini PAC Club, Book Club, village tidy up Group, Collection of Recyclable items etc.
-
Dementia Hub providing a range of Dementia Friendly Community Services.
The charity operates a community development group.
Achievements and performance
All objectives and targets set have either been fully realised or are being significantly progressed.
Financial review
The organisation had another successful year in which the net assets remain relatively stable at £230,327.
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 subject 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 Master's 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 charity's bank accounts at the balance sheet date is £96,877.
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Learmount Community Development Group Ltd
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continueg) Year ended 31 May 2025
Small company 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 7 October 2025 and signed on behalf of the board of trustees by:
Mrs S Byrne Leh lyre Mrs M O'Kane Ac 5 aah? Ca Trustee Trustee
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Learmount Community Development Group Ltd Company Limited by Guarantee Independent Examiner's Report to the Trustees of Learmount Community Development Group Ltd Year ended 31 May 2025 | report to the trustees on my examination of the financial statements of Learmount Community Development Group Ltd (‘the charity’) for the year ended 31 May 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the ‘2008 Act’) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination | have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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_ the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
| confirm ere are no other matters to which your attention should be drawn to enable a proper understaning’ of the accountsto be reached.
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Shaun McElhinney
Independent Examine
1b Brookmount Cresck
Omagh
Co Tyrone —_—
BT78 5HG
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Learmount Community Development Group Ltd
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 May 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Totalfunds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 70,000 | 79,433 | 149,433 | 75,382 |
| Other trading activities | 6 | 24,389 | - | 24,389 | 25,262 |
| Total income | 94,389 | 79,433 | 173,822 | 100,644 | |
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs ofother trading activities | 7 | _ | 13,229 | 13,229 | 7,870 |
| Expenditure on charitable activities | 8,9 | 120,217 | 66,204 | 186,421 | 107,736 |
| Total expenditure | 120,217 | 79,433 | 199,650 | 115,606 | |
| Net expenditure and net movement | in | ||||
| funds | (25,828) | - | (25,828) | (14,962) | |
| Reconciliation offunds | |||||
| Total funds brought forward | 226,568 | 29,587 | 256,155 | 271,117 | |
| Totalfundscarriedforward | 200,740 | 29,587 | 230,327 | 256,155 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 16 form part of these financial statements.
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Learmount Community Development Group Ltd Company Limited by Guarantee
Statement of Financial Position
| ; | 31 May 2025 | ||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Note | £ | £ | £ | ||
| Fixed assets | |||||
| Tangible fixed assets | 14 | 163,266 | 170,878 | ||
| Current assets | |||||
| Debtors | 15 | - | 402 | ||
| Cash at bank and in hand | 96,877 | 101,805 | |||
| 96,877 | 102,207 | ||||
| Net current assets | 96,877 | 102,207 | |||
| Total assets less current | liabilities | 260,143 | 273,085 | ||
| Accruals and deferred income | (29,816) | (16,930) | |||
| Net assets | 230,327 | 256,155 | |||
| Funds ofthe charity | |||||
| Restricted funds | 29,587 | 29,587 | |||
| Unrestricted funds | 200,740 | 226,568 | |||
| Totalcharityfunds | 16 | 230,327 | 256,155 |
For the year ending 31 May 2025, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
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e 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;
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e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 7 October 2025, and are signed on behalf of the board by:
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TrusteeMrs S Byrne We biygpe TM r ustees M O'Kane x_, a o Kernre
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The notes on pages 9 to 16 form part of these financial statements.
Learmount Community Development Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 May 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is School Lane, 192 Learmount Road, Park Village, Co Derry, BT47 4BA.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
- Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue as a going concern.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
No judgements that management has made in the process of applying the entity's accounting policies have a significant effect on the amounts recognised in the financial statements.
No accounting estimates or assumptions have been made.
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Learmount Community Development Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 31 May 2025
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
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:
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Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
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Investment income is included when receivable.
~ Incoming resources from charitable trading activity are accounted for when earned.
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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.
-
10 -
Learmount Community Development Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continuea)
Year ended 31 May 2025
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accrual basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
-
Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading for fundraising purposes.
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Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Freehold Property Equipment |
- - |
Not depreciated 15% straight line |
|
|---|---|---|---|
| Fixtures & Fittings | - | 15% straight line | |
| Computers | - | 15% straight line | |
| Leasehold Property | |||
| Community Centre | - | 2% Straight Line | |
| Resource Centre | - | 2% Straight Line | |
| PlayArea | - | 10%StraightLine |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
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Learmount Community Development Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 31 May 2025
3. Accounting policies (continued)
Impairment of fixed assets (continued)
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomesa party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The company is limited by guarantee.
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Learmount Community Development Group Ltd Company Limited by Guarantee Notes to the Financial Statements (continued)
Year ended 31 May 2025
5. Donations and legacies
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2025|
|£|£|£|
|Grants|
|Derry|City|&|Strabane|District|Council|-|26,701|26,701|
|RAPID|-|1,825|1,825|
|CARE|-|45,510|45,510|
|WHSCT|-|-|-|
|Peace|Plus|Grant|70,000|-|70,000|
|DEEDS|Funding|-|5,397|5,397|
|Armstrong|Storytelling|Trust|-|-|-|
|70,000|79,433|149,433|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2024|
|£|£|£|
|Grants|
|Derry|City|&|Strabane|District|Council|-|17,821|17,821|
|RAPID||1,267|1,267|
|CARE|-|49,272|49,272|
|WHSCT|-|150|150|
|Peace|Plus|Grant|-||-|
|DEEDS|Funding|-|6,797|6,797|
|Armstrong|Storytelling|Trust|-|75|75|
|-|75,382|75,382|
|6.|Other trading|activities|
|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2025|Funds|2024|
|£|£|£|£|
|Gift|Aid|-|~|4,129|4,129|
|Fundraising|events|300|300|108|108|
|NIE|Wayleave|3|3|3|3|
|Learmount|Dementia|Fund|555|555|890|890|
|Educational|Training|Courses|8,115|8,115|6,683|6,683|
|Facility|Hire|and|Secretarial|Services|1,310|1,310|2,954|2,954|
|Contributions|towards|expenses|for|
|use|of|resource|centre|14,106|14,106|10,495|10,495|
|24,389|24,389|25,262|25,262|
|7.|Costs|of other trading|activities|
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|||||||||
|---|---|---|---|---|---|---|---|
|Restricted|Total|Funds|Restricted|Total|Funds|
|Funds|2025|Funds|2024|
|£|£|£|£|
|Costs|of other|trading|activities|13,229|13,229|7,870|7,870|
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Learmount Community Development Group Ltd Company Limited by Guarantee
Notes to the Financial Statements (continuea)
Year ended 31 May 2025
8. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| _ Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Support costs | 120,217 | 66,204 | 186,421 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Support cosis | 40,224 | 67,512 | 107,736 | |
| 9. | Expenditure on charitable activities by activity type | |||
| Support | Total funds | Total fund | ||
| costs | 2025 | 2024 | ||
| £ | £ | £ | ||
| Governance costs | 186,421 | 186,421 | 107,736 | |
| 10. | Net expenditure | |||
| Net expenditure is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation oftangible fixed assets | 7,612 | 8,243 | ||
| 11. | Independent examination fees | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination ofthefinancial statements | 825 | 720 | ||
| 12. | Staff costs | |||
| The total staffcosts and employee benefits forthe reporting period are analysed as | follows: | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Wages and salaries | 55,840 | 53,812 | ||
| The average head count of employees during the yearwas | was 3 (2024: | 3). The average number of | ||
| full-time equivalentemployees during the year is analysed as follows: | ||||
| 2025 | 2024 | |||
| No. | No. | |||
| Number of trustees | 10 | 8 | ||
| Number of staff | 3 | 3 | ||
| 13 | 11 |
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
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Learmount Community Development Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continue)
Year ended 31 May 2025
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
14. Tangible fixed assets
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Land|and|Fixtures|and|
|buildings|fittings|Equipment|Computers|Total|
|£|£|£|£|£|
|Cost|
|At|1|June|2024|and|
|31|May|2025|324,082|20,813|53,765|39,358|438,018|
|Depreciation|
|At|1|June|2024|157,957|20,689|52,687|35,807|267,140|
|Charge|for|the|year|6,124|91|299|1,098|7,612|
|At|31|May|2025|164,081|20,780|52,986|36,905|274,752|
|Carrying|amount|
|At 31|May|2025|160,001|33|779|2,453|163,266|
|At|31|May|2024|166,125|124|1,078|3,551|170,878|
|15.|Debtors|
|2025|2024|
|£|£|
|Trade debtors|-|402|
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16. Analysis of charitable funds
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|funds|
|At|At|
|1|June|2024|Income|Expenditure|31|May|2025|
|£|£|£|£|
|General|funds|226,568|94,389|(120,217)|200,740|
|At|At|
|1|June|2023|Income|Expenditure|31|May|2024|
|£|£|£|£|
|General|funds|241,530|25,262|(40,224)|226,568|
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Learmount Community Development Group Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 31 May 2025
16. Analysis of charitable funds (continued)
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|||||||||
|---|---|---|---|---|---|---|---|
|Restricted funds|
|||At|At|
|1|June|2024|Income|Expenditure|31|May|2025|
|£|£|£|£|
|Restricted|Funds|29,587|79,433|(79,433)|29,587|
|At|At|
|1|June|2023|Income|Expenditure|31|May|2024|
|£|£|£|£|
|Restricted|Funds|29,587|75,382|(75,382)|29,587|
|17.|Analysis|of|net|assets|between|funds|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2025|
|£|£|£|
|Tangible|fixed|assets|163,266|-|163,266|
|Current|assets|4,322|92,555|96,877|
|Creditors|greater|than|1|year|(29,816)|-|(29,816)|
|Net|assets|137,772|92,555|230,327|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2024|
|£|£|£|
|Tangible|fixed|assets|170,878|-|170,878|
|Current|assets|9,199|93,008|102,207|
|Creditors|less|than|1|year|-|-|-|
|Creditors|greater|than|1|year|(16,930)|-|(16,930)|
|Net assets|163,147|93,008|256,155|
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Learmount Community Development Group Ltd
Company Limited by Guarantee
Management Information Year ended 31 May 2025
The following pages do not form part of the financial statements.
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Learmount Community Development Group Ltd
Company Limited by Guarantee
Detailed Statement of Financial Activities
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|---|---|---|---|---|---|---|---|---|
|Year ended|31|May|2025|.|
|2025|2024|
|£|£|
|Income|and|endowments|
|Donations|and|legacies|
|Derry|City|&|Strabane|District|Council|26,701|17,821|
|RAPID|1,825|1,267|
|CARE|45,510|49,272|
|WHSCT|-|150|
|Peace|Plus|Grant|70,000|-|
|DEEDS|Funding|5,397|6,797|
|Armstrong|Storytelling|Trust|-|75|
|149,433|75,382|
|Other trading|activities|
|Gift Aid|-|4,129|
|Fundraising|events|300|108|
|NIE|Wayleave|3|3|
|Learmount|Dementia|Fund|555|890|
|Educational|Training|Courses|8,115|6,683|
|Facility|Hire|and|Secretarial|Services|1,310|2,954|
|Contributions|towards|expenses|for|use|of resource|centre|14,106|10,495|
|24,389|25,262|
|Total|income|173,822|100,644|
----- End of picture text -----
Total income
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Learmount Community Development Group Ltd
Company Limited by Guarantee
_ Notes to the Detailed Statement of Financial Activities
Year ended 31 May 2025
==> picture [452 x 317] intentionally omitted <==
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Costs|of other trading|activities|
|Educational|Training|Costs|13,229|7,870|
|Costs|of other trading|activities|13,229|7,870|
|Expenditure|on|charitable|activities|
|Governance|costs|
|Governance|costs|- wages/salaries|55,840|53,812|
|Governance|costs|-|other|establishment|11,905|11,582|
|Governance|costs|-|accountancy|fees|1,070|840|
|Governance|costs|-|legal|and|other|professional|fees|5,000|3,500|
|Travel|&|Subsistence|4,889|3,603|
|Sundry|expenses|3,119|2,515|
|Governance|costs|-|depreciation|7,612|8,243|
|Interest|payable|&|other|charges|500|482|
|Event|Expenses|18,211|15,863|
|Repairs|&|Maintenance|2,934|2,717|
|Office|&|Communication|Expenses|§,341|4,579|
|Community|Hall|Refurbishments|70,000|-|
|186,421|107,736|
|Expenditure on|charitable|activities|186,421|107,736|
----- End of picture text -----
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