Company Reglstration Number: N1019360 Charity Number.. NIC103043 Shankill (Lurgan) Community Projects (A company limited by guarantee, not having a share capitsll Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2024 Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland
Shankill {Lurgan) Community Projects {A company limited by guarantee. not having a sharg capital) 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 Ilmited by guarantee, not having a share capital) TRUSTEES. AND OTHER INFORMATION Trustees Thomas Mccorry Sydney Calms (Resigned 9 May 20231 Wilson Freeburn James Joseph Nelson Charity Number in Northern Ireland NIC103043 Company Reglstration Number N1019360 Registered Office Mount Zion House Edward Street Lurgan Craigavon Co. Armagh BT66 6DB Northern Ireland Principal Address Mount Zion House Lurgan Co. Armagh BT66 6DB Northem Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Principal 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 Northem Ireland
Shankill (Lurgan) Community Projects IA company limited by guarantee, not having a share capitsll TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 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 2024. The financial statements are prepared in accordan with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charilies preparing their financial statements in accordance with the FinanGial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the information required lo be provided in the Trustees, Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of Ihe 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) Community Projects present a summary of its purpose, governan. artivities, achievemenls and finances for the financial financial year 31 March 2024. The company is a registered charity and hen the report and results are presented in a fom which complies with the requirements of the Companies Act 2006 and. although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisalion has implemented its recommendations where relevant in these financial stalements. Mission, Objectives and Strategy Mission Statement Shankill (Lurgan) Community Projects is a cross community enterprise committed to realising a vision of Lurgan and its surrounding areas. as a caring, prosperous and reconciled community. SLCP works in 3 specific areas '. 1. Advice and information service. The Advice Craigavon seNTS provides welfare and debt advice to those in need infomiing individuals about their rights and supporting them in their ability to exercise these rights on key social welfare issues eg debt social security etc. Advice Craigavon also refers individuals to other statutorylcommunity services services eg food bank, counselling and restorative justice. 2. Community Resource provision SLCP is a centralised community resource which works directly or in partnership to deliver a range of physical. emotional and rnental well-being programmes to the local community through the.. Provision of low costlno cost office rentals and room hire to voluntary and community organisations. Partnership delivering beneficial programmes into the community. Delivery of capability and capacity building programmes including community relations, adult learning and leisure programmes. 3. Health and Well Being programmes All health & well being programmes including counselling services are open to individuals from across the community and income derived from the provision of services. room hire and office rentals is reinvested by SLCP in support of its community based activities. Structure, Govemance and Management Structure Shankill Lurgan Community Projecls is a company limited by guarantee and does not have a share capilal. It is governed by a memorandum and articles of association and the liability of each member is limited to an amount not exedIng £1. The charity has an induction programme for new directors as part of which they are advised of their legal responsibility, main duties and roles. The directors have ultimate legal and financial responsibility for the affairs of Shankill Lurgan Community Projects, although the day to day management of the organisation is undertaken by a separate individual who report to the Board of Directors at regular meetings. The directors meet on monthly or bi- monthly basis. The directors of the company at 31 March 2024. all of whom have been directors for the whole of the period ended on that date, unless otheiSe stated, are listed on the information page.
Shankill (Lurgan) Community Projects (A cornpany limitgd by guarantee, not having a share capltall TRUSTEES, ANNUAL REPORT forthe financial year ended 31 March 2024 Review of Activities. Achievements and Performance ANNUAL REPORT 202312024 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. 11 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 fornard is choice. There's a slight difference between the two- moving on is letting things happen, moving foward is making things happen." In the year end March 2024 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 committed to serving the communily. ¢&n¢er SLCP are delighted that our partner Action Cancer have continued to bring ils therapeutic support seiceS lo Mt Zion House and in supporting this much needed service in our area we continue to offer them the use of2 rooms at no cosl as a Ihank you for their work. Complementary therapy can help reduce anxiety and stress, improve sleep pattems and aid relaxalion. 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 with the continuing cost of living crisis and the effecl it is having on the community, along wilh ones everyday struggles. With our qualrfied counsellors they can offer their clients a safe and confidential service within Mt. Zion House either face to face or via zoom. We are delighted to welcome 2 more Counsellors to Mt. Zion House as the demand is continuing to increase and going forward 2 more Counselling services have requested space when available. Community workshops continued throughout the year along with Mental Health support groups as demand conlinues within our community. In the coming year we hope lo expand our workshops to include upcycling ifwe receive fijnding needed to offer Ihi5 service to our community. S.L.C.P continues to provide a green space and partners with Praxis Care a Tenant. With the help and dedication of their clients along with volunteers from the local community suffering with Mental Health issues the community garden has flourished throughout the year. S.L.C.P were able to excess funding to further develop Ihis green space. We will continue to enhance this space as clients and volunteers are slating that the garden brings such joy to them, and they feel safe in this environment and enjoy their lime working with each other. During the year we sought funding to repla 13 front windows and have been successful and these will be replaced in the next few months. We still need more windows replaced and will seek funding so as to reduce our energy costs. S.L.C.P will continue to upgrade Mt. Zion House so it is fit for purpose for years ahead. As Mount Zion House is a Community Hub, we continue to provide office and workshop space to the voluntarylcommunity sectorland small enterprises. We have welcomed new Tenants during the year and going forward from April we will be al maximum capacity with a waiting list for occupancy.
Shankill (Lurgan) Community Projects IA company limited by guarantee. not having a share capltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 We still have no doubt that we will face challenges throughout the coming year bLrt we feel confidenl we can overcome them. None of the achievements above would be possible withoul the support of our directors, and company accounlanl. Without their knowledge and commitment Shankill (Lurgan) Community Projects would be unable lo provide Ihe services required within the community. S.L.C.P look forward to welcoming new members to the Managemenl Board in the next financial year. OUR COMMUNITY PARTNERS vaYpie_. ,...,- ,,.. HPme n)- StRt .( STMT360 Support and frlendBhlp for f&milies AND MANY OTHER GROUPSISMALL ENTERPRISES 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 lo thank the following funders. Armagh Banbridge &Craigavon Borough council Keep Nl Beautiful Small Grants 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 and 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 reseNes is essential lo enable the charity lo provide its activities for the frjreseeable future. This reseNe policy is an integral part of the charity's planning, budget and forecasts. Financial Results At the end of the financial year the company ha5 assets of £938,216 {2023 - £926.780) and liabilities of £71.960 (2023 £80.417). The nel assets oflhe company have increased by £19,893. Principal Risks and Uncertainties The directors have actively reviewed the major risks which the charity faces and believes that the charity has sufficient resources in the event of adverse conditions. The directors have also examined other business and operational risks, which the charity faces and confirm that it has established systems to mitigate significant risks.
Shankill (Lurgan) Community Projects IA company limited by guarantee, not having a Share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 Trustees The truslees who served throughout the financial year, except as noted, were as follows.. Thomas Mccorry Sydney Calms (Resigned 9 May 2023) Wilson Freeburn James Joseph Nelson In accordance with the Constitution, the trustees retire by rotation and, being eligible, offer themselves for re-election. Compliance with Sector-wide Legislation and Standards The company engages pro-actively with legislation. standards and codes which are developed for the sector. Shankill {Lurgan) Community Projects subscfibes to and is compliant with the following.. The Companies Act 2006 The Charities SORP (FRS 102) Public Benefit In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that Ihe activities have helped the charity purposes and provide a benefit to beneficiaries. Approved by the Board of Trustees on 28 June 2024 and signed on its behalf by: Thomas Mcc Trustee James Joseph Nelson Trustee
Shankill (Lurgan) Community Projects IA company limited by guarantse, not havlng a share capital} STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2024 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 wtth applicable law and regulations. Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial ststements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the trustees must not approve Ihe financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the company and of the surplus or deficit of the company for Ihat period. In preparing these financial statements, the trustees are required to-. select suitable accounting policies and apply them consistenlly., make judgements and estimates that are reasonable and prudent: state whether the financial statements have been prepared in accordance with Ihe 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 Ihe company will continue in operation. The trustees confirm that 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 Ihem to ensure that the financial statements comply with. They are also responsible for safeguarding the assets of the company and hence for laking reasonable steps for the prevention and detection of fraud and olhei irregularities. Approved by the Board of Trustees on 28 June 2024 and signed on its behalf by: Thomas Mccorry Trustee James Joseph Nelson Trustee
Shankill (Lurgan) Community Projects IA 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 stalements ofthe companyforthe financial yearended 31 March 2024. which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes. This report is made solely to the company's members, as a body, in accordance 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 slate those matters that we have agreed to stale 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 direclors of the company for the purposes of company law) are responsible for the preparalion of the financial stalements in accordance 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 examination is required. It is our responsibility to= examine the financial slatements under section 65 of the Charities Act- follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(bl of the Charities Act., and stale 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 examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(bl of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial slatements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'lrue and fairf 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 seclion 386 of the Companies Acl 2006 the financial statements do nol accord with those accounting records the financial statements have not been prepared in accordance wilh the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles ofthe Slatement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 there is fijrther information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement We hav concems d have come across no other matters in connection with the examination to which attention be rawn in t port in order to enable a proper understanding of the financial statements to be reached. DA ARK & COMPANY LTD Ch red Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland Date". 28 June 2024
Shankill (Lurgan) Community Projects IA company limlted by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES {Incorporating an Income and Expenditure Accounti for the financial year ended 31 March 2024 Unrestricted Restricted Funds Funds 2024 2024 Totsl Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Incoming Resources Voluntary Income Activities for generating funds Other income 56,500 56,500 130.041 10.589 132,199 8,400 18,989 132,199 130,041 82,758 82,758 Total incoming resources 130,041 56,500 186,541 225,546 8,400 233,946 Resources Expended Charitable activities 155,174 11,474 166,648 175,657 8,400 184,057 Net incomingloutgoing resources before transfers (25,133) 45,026 19,893 49,889 49,889 Gross transfers beeen funds 45,026 {45.0261 Net movement in funds for the financial year 19.893 19,893 49,889 49.889 Reconciliation of funds: Total funds beginning of the year 13 846,363 846,363 796,474 796,474 Totsl funds at the end of the year 866,256 866,256 846,363 846,363 The Statement of Financial Activities includes all gains and losses recognised in Ihe financial year. All income and expenditure relate to continuing activities. The note5 on pages 12 10 16 form part of the financial statements 10
Shankill (Lurgan) Community Projects IA company limltsd by guarantee, not havlng a share capltall Company Number-. N1019360 BALANCE SHEET as at 31 March 2024 2024 2023 Notes Fixed Assets Tangible assets 930,482 918,853 Current Assets Debtors 7.734 7,927 Credltors: Amounts falling due within one year 10 157,606) (57,091) Net Current Liabilities {49,872) (49,164) Total Assets less Current Liabilities 880,610 869,689 Creditors Amounts falling due after more than one year 11 {14.354) (23,326) Total Net Assets 866,256 846,363 Funds General ftjnd (unrestricted) 866,256 846,363 Total funds 13 866,256 846,363 These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. For the financial year ended 31 March 2024 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 statements 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 accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the slate of affairs of the company as at the end of the financial year and of ils profil and loss for the financial year in accordance with Ihe requirements of sections 394 and 395 and which otheiSe comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard. Approved by the Board of Trustees and authorised for issue on 28 June 2024 and signed on its behalf by James Joseph Nelson Trustee Trustee The notes on pages 12 10 16 form part of the financial statements 11
Shankill (Lurgan) Community Projects IA company limltsd by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION Shankill (Lurgan) Community Projects is a company limited by guarantee incorporated in Northern Ireland. The registered Offi of the company is Mount Zion House, Edward Street, Lurgan, Craigavon, Co. Amiagh, BT66 6DB. Northem Ireland which is also the principal place of business of the company. The financial statements have been presented in Pound (£) 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 concem basis under the historical cost convention, modified to include 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 Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As pemitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are lo comply with the requiremenls of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of Ihat SORP. Statement of cornpliance The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (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 1A of that Standard. Incoming Resources Income is recognised by inclusion in the Stalement of Financial Activities only when the company is legally entitled to the income. performance conditions attached to the item(s) of income have been mel. the amounts involved can be measured with sufficient reliability and it is probable that the income will be reIVed by the company. Resources Expended Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed. and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event. a transfer of economi 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 attributed to one activity- Such costs are allocated to activities in proportion lo staff time spent or other suitable measure for each activity. Tangible fixed assets and depreclatlon Tangible fixed assets are ststed at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tsngible fixed assets, less their estimated residual value, over their expected useful lives as follows.. Land and buildings freehold Plant and machinery Fixtures, filtings and equipment Motor vehicles Various 200/0 Straight line 20Q/o Straight line 20 /0 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 nol yet received at financial year end, is included in debtors. Taxation and deferred taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. 12
continued Shankill (Lurgan) Community Projects IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 2023 Gifts & Donations Grants Received 2,500 54,000 2,500 54,000 12,689 6,300 56,500 56,500 18.989 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2024 2023 Income from charttable activiles 130,041 130.041 132.199 OTHER INCOME Unrestricted Restricted Funds Funds 2024 2023 other income 82.758 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 2023 Cost of charitable aclivities 120,476 46,172 166,648 184.057 SUPPORT COSTS Charitable Activitie5 2024 2023 Support Costs 46,172 46.172 ANALYSIS OF SUPPORT COSTS 2024 2023 Support Costs 46,172 NET INCOMING RESOURCES 2024 2023 Net Incoming Resources are statsd after charyingl{¢rediting): Depreciation of tangible assets Independent Examinerfs remuneration= independent examination services 35,592 34.001 2,270 1.803 EMPLOYEES AND REMUNERATION The staff costs comprise.. 2024 2023 Wages and salaries 3,127 13
continued Shankill (Lurgan) Community Projects {A company limited by guarantee, not having a share capltsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 TANGIBLE FIXED ASSETS Land and buildings freehold Plant and Fixtures, machinery fittings and equipment Motor vehicles Total Cost At 1 April 2023 Additions 1,397.763 47,221 75,457 195,884 1,600 1,670,704 47,221 At 31 March 2024 1,444,984 75.457 195,884 1,600 1,717,925 Depreciatlon At 1 April 2023 Charge for the financial year 484.881 33,353 69,859 1,866 195,511 373 1,600 751.851 35,592 At 31 March 2024 518,234 71,725 195,884 1,600 787,443 Net book value At 31 March 2024 926,750 3,732 930,482 At 31 March 2023 912,882 5,598 373 918,853 DEBTORS 2024 2023 Trade debtors Prepayments and accrued income 3.550 4,184 1.710 6,217 7,734 7,927 10. CREDITORS Amounts falling due within one year 2024 2023 Bank overdrafis Bank loan Trade creditors Taxation and social security costs Accruals and deferred income 19,472 10,644 25,290 19,817 10,644 19.543 191 6.896 2,200 57,606 57.091 CREDITORS Amounts falling due after more than one year 2024 2023 Bank loan 14,354 23,326 Repayable in one year or less, or on demand (Note 10) Repayable belween one and two years 30.116 14,354 30,461 23.326 44,470 53,787 14
continued Shankill {Lurgan) Community Projects IA company Ilmltsd by guarantee, not having a share capital} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 12. RESERVES 2024 2023 At the beginning of the year Surplus for the financial year 846,363 19,893 796,474 49.889 At the end of the year 866,256 846,363 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Total Funds Al 1 April 2022 Movement during the financial year 796,474 49,889 796,474 49,889 At 31 March 2023 Movement during the financial year 846.363 19,893 846,363 19,893 At 31 March 2024 866.256 866,256 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Income Expenditure Transfers between funds Balance 31 March 2024 KNIB Small Grants GWNI Alpha Armagh Banbridge Craigavon Council 1,500 25,000 30,000 1,474 {261 (25,000) (20.000) 10,000 56.500 11,474 (45,026) Unrestricted funds Unrestricted General 846,363 130,041 155.174 45,026 866.256 Totsl funds 846,363 186.541 166,648 866.256 13.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets charity use Current assets Current Long-term liabilities liabilities Totsl Unrestricted general funds 930.482 7,734 (57,606) {14.354) 866,256 930,482 7,734 157,606) {14,354) 866,256 15
continued Shankill (Lurgan) Community Projects IA company limlted by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 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 thereafter, for the payment of the debts and liabilities of the company contracted before they aSed to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of Ihe contributors among themselves, such amount as may be required, not exceeding £ 1. 15. TRUSTEE RENUMERATION No Trustee received nor waived remuneration in either the current or previous financial year. 16. INDEPENDENT EXAMINERS FEE The Independent Examiners. Daly Park & Company Ltd, were paid a fee of £2.200 for their work in the current year (2023- £2.640). 16