Company Number: N1019360 Charity Number: NIC103043 Shankill (Lurgan) Community Projects IA company Ilmlted by guarantee. not having a share capitsll Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2023 Daly Park & Company Ltd Chartered Accountants and Registered Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Shankill (Lurgan) Community Projects A company limited by guarantee, not having a share capitsll CONTENTS Page Trustees, and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities 10 Balance Sheet Notes to the Financial Statements 12-16
Shankill (Lurgan) Community Projects IA company limited by guarantee, not having a share capital) TRUSTEES. AND OTHER INFORMATION Trustees Thomas Mccory Sydney Cairns (resigned 915123) Wilson Freeburn James Joseph Nelson Charity Number in Northern Ireland NIC103043 Company Number N1019360 Registered Office and Principal Address Mountzion House Edward Street Lurgan Craigavon Co. Armagh BT66 6DB Northem Ireland Independent Examiner Daly Park & Company Lld Chartered Accountants 4 Camegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Bankers Bank of Ireland 13 Market Street Lurgan Co. Armagh Northern Ireland Solicitors Peter Murphy Solicitors Ltd 28 Church Place Lurgan Co. Armagh BT66 6EU Northern Ireland
Shankill (Lurgan) Community Projects {A company limited by guarantee, not having a share Capitsl) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 The trustees present their Trustees. Annual Report, combining the Directors, Report and Trustees, Report. and the unaudited financial statements for the financial year ended 31 March 2023. The financial statements are prepared in accordan with Ihe Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. The Trustees, Report contains the information required to be provided in Ihe Trustees, Annual Report under the Statement of Recommended Practice {SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Shankill (Lurgan) Comrnunity Projeds present a summary of its purpose, govemance, activities, achievements and finan$ for the financial financial year 31 March 2023. The company is a registered charity and hen the report and results are presented in a fomi which complies with the requirements of the Companies Act 2006 an(J, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented rts recommendations where relevant in these financial statements. Financial Review Reserves Policy The trustees have confimed £25,000 as the level of free reserves that the charity aims to have on an ongoing basis an¢J are working towards this target through a series of measures introduced in the current financial year and with plans already underway for the next financial year. The trustees believe this level of free reserves is essential to enable the charity to provide its activities for the foreseeable fijture. This reserve policy is an integral part of the charity's planning, budget and forecasts. Financial Results At the end of the financial year the company has assets of £926.780 (2022 £987,596) and liabilities of £80.417 (2022 - £191,122). The net assets of the company have increased by £49.889. Trustees The trustees who served throughout the financial year, except as noted, were as follows-. Thomas Mccorry Sydney Cairns (Resigned 915123) Ison Freebum James Joseph Nelson In accordance with the Constitution, the truslees relire by rotation and, being eligible. offer themselves for re-elects'on. Our Achievement and Accomplishments Preparing an annual report provides a time for reflection, an opportunity to look back over the previous year revisiting areas of success and reconsidering areas of challenge. It also helps us to look to the future and consider what it is we need to do to keep moving forward. There is quotation that says "Moving on is a process, moving fonvard is a choice. There's a slight difference beteen the - moving on is letting things happen, moving forward is making things happen..
Shankill (Lurgan) Community Projects {A company limited by guarantee, not having a share capital) In the year end March 2023 SLCP continued through another difficult year especially with the rising costs of Gas and Electricity along with price increases for materials etc. Organisations within Mt. Zion House also have struggled with increases but still remain and are committed to serving the community. SLCP are delighted that our partner Action Cancer have continued to bring its therapeulic support services to Mt Zion House and in supporting this much needed setvice in our area we continue to offer them the use of2 rooms at no cost as a thank you for their work. Complementary therapy can help reduce anxiety and stress, improve sleep pattems and aid relaxation. It can also teach coping skills to help deal with what's happening. Any adult or child who has had a cancer diagnosis themselves or has been affected through a close relative's diagnosis can avail of this free service. Counselling continues to be a vital service especially after the Covid pandemic and with the continuing cost of living crisis and the effect it is having on the community. With our qualified counsellors they can offer their clients a safe and onfidenlial service within Mt. Zion House either face to face or via zoom. One of our anchor tenants continue to offer an advice service along with tribunals to all those who are struggling with the cost of living crisis, debt, benefits etc. and are fijlly booked on a daily basis. Community workshops continued throughout the year along with Mental Health support groups as demand continues within our community. S.L.C.P were able to provide a green space and partner with Praxis Care a tenant. With the help and dedicalion of their clients all suffering with Mental Health issues a community garden was developed. We hope throughout the year ahead to be able to further develop the remaining green spa. enabling us to offer this facility as a safe pla for our community to enjoy. We have sought funding to replace windows. enhance our green space and maintain our building ensuring it is fit for purpose for years to come. As Mount Zion House is a Communty Hub, we continue to provide office and workshop Spa to the voluntarylcommunity sectorland small enterprises. We look forward to welcoming two new tenants in June 2023. We still have no doubt that we will face challenges in the next year, but we will rise to whatever is ahead so that we remain a community hub to support both our tenants and the community.
Shankill (Lurgan) Community Projects IA company Ilmlted by guarantee. not havlng a share capltal) None of the achievements above would be possible without the support of our directors, and company accountant. Without their knowledge and commitment Shankill (Lurgan) Community Projects would be unable to provide the much needed services required within Ihe community. S.L.C.P look forward to welcoming new members to the Managernent Board as some existing members are now retiring after years of dedication to our organisation. OUR COMMUNITY PARTNERS vaYpie_.,.,.- .,,.. ST4RTSbo HP%me St*Rt 8upport ud frlendohlp for f&milie8 AND MANY OTHER GROUPS WITHIN MT. ZION HOUSE
Shankill {Lurgan) Community Projects {A company limited by guarantee. not havlng a share capitsl) Big Thanks to our Funders At Mount Zion House we have always striven to adopt an approach of income self-generation In order to continue supporting the local community. We would like to thank the following funder. ARMA¢SH BI&NBRIDG£ &CRAIGAVoN BOR UGH COUNCIL Publ1¢ Benefit In setting our objectives and planning our activities for the year the trustees have given careful considerallon to the Charity Commission for Northern Ireland's guidance on public benefit lo ensure that the activities have helped the charity purposes and provide a benefit to beneficiaries. Compliance with Sector-wide Legislation and Standards The company engages pto-aclively with legislation, standards and codes which are developeil for the sector. Shankill {Lurgan) Community Projects subscribes to and is compliant wi117 the following.. The Companies Act 20C6 The Charities SORP (FRS 102) Approved by the Board of Trustees on 19 May 2023 and signed on its behalf by: Thomas Mccorry Trustse s Joseph Nelson Trustee
Shankill (Lurgan) Community Projects {A company limited by guarantee. not having a share capital) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2023 The trustees, who are also directors of Shankill (Lurgan) Community Projects for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the trustees as the directors to Ppare financial statements for each financial year. Under that law the Iruslees have elected to prepare the financial statements in accordance wilh United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 'The Financial Reporting Standard appliG4ble in the UK and Republic of Ireland" Section 1A (Small Enlilies). Under company law the trustees must not approve the financial statements unless they are salisfied that they give a true and fair view of Ihe state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements. the trustees are required lo: select suitable accounling policies and apply them consistently- make judgements and estimates Ihat are reasonable and prudent., state whether Ihe financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards. and note the effect and the reasons for any material departure from those standards- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The trustees confirm Ihat they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial slalements comply with. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 19 May 2023 and signed on its behalf by: Thomas Mccorry Trustee s Joseph Nelson Trustee
Shankill {Lurgan) Community Projects {A company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF SHANKILL (LURGAN) COMMUNITY PROJECTS We have examined the financial statements of the company for the financial year ended 31 March 2023, which comprise the Statement of Financial Aclivities (incorporating an Income and Expenditure Account), the Balan Sheet and the related notes. This report is made solely to the company's members, as a body, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so. and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body. for our work, or for this report. Respective responsibilities of trustees and examiner The company's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006. The company's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examinalion is required. It is our responsibility to.. examine the financial statements under section 65 of the Charities Act., follow the procedures laid down by the general Direclions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act,. and state whether particular matters have come to our attention. Basis of independent examinerfs report We have examined your company financial statements as required under section 65 of the Charities Act and our examinalion 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. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequenlly no opinion is given as to whether the accounts present a 'true and fair. view and the report is limited to those matters set out in the statement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect: accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and prtnciples of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS102) there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statsment We have no con s and have come across no other matters in connection with the examination to which attention is report in order to enable a proper understanding of the financial statements to be reached. in PARK & COMPANY LTD rtered Accountants and Registered Auditors 4 Camegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Date: 19 May 2023
Shankill (Lurgan) Community Projects IA company limited by guarantee. not having a share capitsll STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expenditure Account) for the financial year ended 31 March 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Unrestricted Restricted Funds Funds 2022 2022 Total 2023 2022 Notss Incomlng Resources Voluntary Income Activities for generating funds Other income 10,589 132,199 8,400 18,989 132,199 28,260 98.815 69,840 98,100 98,815 82,758 82.758 Total Incomlng resources 225,546 8,400 233,946 127,075 69,840 196,915 Resources Expended Charitable activities 175,657 8,400 184,057 185,583 185,583 Net incomingloutgoing resources before transfers Gross transfers beeen fijnds 49,889 49,889 (58,508) 69.840 11,332 120.043 (120,043) Netmovementin funds for the financial year 49,889 49,889 61,535 (50,2031 11,332 Reconciliation of funds Balances brought forward at 1 April 2022 13 796.474 796,474 734.939 50,203 785,142 Balances carried fOard at 31 March 2023 846.363 846,363 796,474 796,474 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 12 to 1 fom part of the financial statements 1Q
Shankill (Lurgan) Community Projects IA company limited by guarantee, not havlng a share capital) Company Number.. N1019360 BALANCE SHEET as at 31 March 2023 2023 2022 Notes Fixed Assets Tangible assets 918,853 963,496 Current Assets Debtors Cash at bank and in hand 7,927 24.083 17 7,927 24,100 Credltors". Amounts falling due withln one year 10 (57,091) (112.494) Net Current Liabilities (49,164} {88.3941 Total Assets less Current Liabllities 869,689 875,102 Creditors Amounts falling due after more than one year 11 {23,3261 178,628) Net Assets 846,363 796,474 Funds General fijnd (unrestricted) 846,363 796.474 Total funds 13 846,363 796,474 These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Cornpanies Act 2006. For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006,. and no notice has been deposited under section 476. The trustees confirm that the members have not required the company to obtain an audit of its financial sl8lements for the financial year in question in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the company keeps accounling records which comply with section 386 and for preparing financial slaternents which give a true and fair view of the stale of affairs of the company as at the end of the financial year and of its piofit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial statements. so far as applicable to the ¢ompany. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance wtlh FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" applyirbg Section 1A of that Standard. Approved by the oard of Trustee5 and authorlsed for issue on 19 May 2023 and slgned on its behalf by mas Mc Trustee Joseph Nelson Trustee The notes on pages 12 10 1 fomi part of the financial slalements 11
Shankill (Lurgan) Community Projects IA company Ilmlted by guarantse, not having a share capltal) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 GENERAL INFORMATION Shankill (Lurgan) Community Projeds is a company limited by guarantee incorporated in Northem Ireland. The registered office of the company is Mount Zion House, Edward Street, Lurgan, Craigavon. Co. Armagh, BT66 6DB, Northern Ireland which is also the principal place of business of the company. The financial statements have been presented in Pound Slerling {£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under the histori1 cost convention, modified to indude rtain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of Ihal Slandard. As permitted by the Companies Act 2006, the company has varied the standard fonnats in that act for the statement of Financial Activities and the Balance Sheet. Departures from the standard formats are lo comply with the requirements of Ihe Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. statement of compliance The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concem basis and in accordance with the Statement of Recommended practi {SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1 A of that Standard. Incoming Resources Income is recognised by inclusion in the Statement of Financial Activities only when the company is legally entitled to the income, performance conditions attached to the ilem{s) of income have been met, the amounts involved can be measured with sufficient reliability and il is probable that the income will be received by the company. Resources Expended Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulaled and disclosed, and analysed according to their major components. Expenditure is Cognised when a legal or constructive obligation exists as a result of a past event. a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the company but cannot be attribuled to one activity. Such costs are allocated lo activities in proportion to staff time spent or other suitable measure for each acttvity. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows: Land and buildings freehold Plant and machinery Fixtures, fittings and equipment Motor vehicles Various 20 % Straight line 20 /0 Straight line 20 % Straight line Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other co-funders, but not yet received at financial year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises $h on deposit at banks requiring less than three months notice of withdrawal. 12
Shankill (Lurgan) Community Projects IA cornpany limited by guarant99, not having a share capital} NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 Taxation and deferred taxation No current or deferred taxalion arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Gffts & Donations Grants ReiVed 10,589 10,589 8,400 3.456 8,400 10.589 8,400 18,989 98,100 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Income from charitable activites 132,199 132.199 98,815 OTHER INCOME Unrestricted Restricted Funds Funds 2023 2022 Other income 82,758 82,758 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs other Costs Support Costs 2023 2022 Cost of charitable activities 184,057 184,057 185.583 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are stated after chargingl(crediting): Depreciation of tangible assels Independent Examiner's remuneration.. independent examination serViS Grants receivable reiVed 34,001 33,343 1,803 2,928 {24,804) INVESTMENT AND OTHER INCOME 2023 2022 COVID Support Grants 24,804 13
Shankill (Lurgan) Community Projects {A company Ilmlted by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including executive trustees) during the financial year was as follows: 2023 Number 2022 Number Employees The slaff costs comprise". 2023 2022 Wages and salaries 3,127 5.610 TANGIBLE FIXED ASSETS Land and buildings freehold Plant and Fixtures, machinery fittings and equipment Motor vehicles Total Cost At 1 April 2022 Additions Disposals 1.424.246 6,600 (33,083) 75,457 195.884 1,600 1,697.187 6,600 (33.083) At 31 March 2023 1,397,763 75,457 195,884 1.600 1,670,704 Depreciation Al 1 April 2022 Charge for the financial year On disposals 470,570 30.152 (15,841) 67,993 1.866 193.528 1,983 1,600 733,691 34,001 (15,841) Al 31 March 2023 484,881 69.859 195.511 1,600 751,851 Net book value At 31 March 2023 912,882 5,598 373 918,853 At 31 March 2022 953,676 2,356 963.496 DEBTORS 2023 2022 Trade debtors Prepayments and accrued income 1,710 6,217 21,233 2,850 7,927 24,083 14
Shankill (Lurgan) Community Projects IA company limited by guaranteo, not having a share capitsll NOTES TO THE FINANCIAL STATEMENTS continued forthe financial year ended 31 March 2023 10. CREDITORS Amounts falling due within one year 2023 2022 Bank overdrafts Bank loan Trade creditors Taxation and social security Cts Other creditors Accruals and deferred income 19,817 10,644 19.543 191 16,898 26.172 52,316 61 1,772 15,275 6,896 57,091 112,494 All charges registered in Companies House at the balan sheet date have been satisfied at the date of signature of these financial statements. 11. CREDITORS Amounts falling due after more than one year 2023 2022 Bank loan 23,326 78,628 Repayable in one year or less, or on demand (Note 10) Repayable beeen one and years Repayable beeen two and five years 30.461 10,644 12,682 43,070 26,172 52.456 53,787 121.698 12. RESERVES 2023 2022 At 1 April 2022 Surplus for the financial year 796,474 49.889 785,142 11,332 At 31 March 2023 846,363 796.474 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Fund$ Total Funds At 1 April 2021 Movement during the financial year 734,939 61.535 785,142 11.332 At 31 March 2022 Movement during the financial year 796.474 49,889 796,474 52.393 At 31 March 2023 846,363 848,867 15
Shankill (Lurgan) Community Projects IA company limited by guarantee, not having a Share capital) NOTES TO THE FINANCIAL STATEMENTS continued forthe financial year ended 31 March 2023 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance l April 2022 Income Expenditure Transfers beiween funds Balance 31 March 2023 Other Reslricled Funds Unrestricted funds Unrestricted General 8,400 8,400 796,474 225,546 175,657 846,363 Total funds 796,474 233,946 184,057 846,363 13.3 ANALYSIS OF NET ASSETS BY FUND Flxed assets - charity use Current assets Current liabilities Long-terni liabilities Total Unrestricted general funds 918,853 7,927 {57,091) 123,326) 846,363 918,853 7,927 (57,091) {23,326) 846.363 14. STATUS The company is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one financial year thereafier, for the payment of Ihe debts and liabilities of the company contracted before they ceased to be members. and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amounl as may be required, not exceeding £ 1. 16