Company Rogistration Numb8r.' N1019360 Charlty Number: NIC103043 Shankill (Lurgan) Community Projects {A ¢OFnpany limitèd by guarantoe, not having a share capital) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025 Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northorn Iroland
Shankill (Lurgan) Community Projects IA company Ilmited 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 guarant¥e, not havlng a shara capltall TRUSTEES. AND OTHER INFORMATION Trustees Thomas Mccorry Imlson Freeburn James Joseph Nelson Charity Numbor In Northern Ireland NIC103043 Company Registration Number N1019360 Registered Office Mount Zion House Edward Street Lurgan Craigavon Co. Amiagh BT66 6DB Northem Ireland Prlnclpal Address Mount Zion House Lllrgan Co. Armagh BT66 8DB Northern Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh B T66 6AS Northern Ireland Principal Bankers Bank of Ireland 13 Market Street Lurgan Co. Amiagh Northern Ireland Solicitors Peter Murphy Solicitors Ltd 28 Church Place Lurgan Co. Amiagh BT66 6EU Northern Ireland
Shankill (Lurgan) Community Projects IA company limited by guarant¥e, not havlng a sharè capltall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 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 2025. The financial statements are prepared in accordan with the 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 lo charities preparing their financial statements in accordance with the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice ISORPI guidelines. The trustees of the company are also chaiily 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 ILurganl Community Projects present a summary of ils purpose. governance, activities, achievements and fInanS for the financial year 31 March 2025. The company is a registered charity and hence the report and results are presented in a form which complies with thè requirements of the Companies Act 2006 and, although not obliged lo comply with the Statement of Recommended Practi applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendab.ons where relevant in these financial statements. Mission, Objectives and Strategy Mission Ststement Shankill (Lurganl Community Project5 is a cross-community enterprise committed lo realising a vision of Lurgan and its surrounding areas, as a caring, prosperous and reconciled community. SLCP works in a number of different areas.. Community Resource provision SLCP is a centralised community resource which wort<s directly or in partnership to deliver a range of physical, 8molional and mental well-being programmes lo the local community through the.. Provision of low cosvno 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. Health and Well Being programmes All health & well-being programmes including counselling services are open lo individuals from across the commLJnity and income derived from the provision of services, room hire, and office rentals is reinvested by SLCP in support of its community-based activitses. Structure, Governance and Managèment Structuro Shankill LLJrgan Community Projects is a company limited by guarantee and does not have a share capital. It is governed by a memorandum and articles of association, and the liability of each member is limited ID 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-lo-day management of the organisation is undertaken by a separate individual who report to the Board of Directors at regular meeb"ngs. The directors meet on monthly or bi- monthly basis. The directors of the company al 31 March 2025, all of whom have been directors for the whole of the period ended on that date, unless otherwise staled, are listed on the information page.
Shankill {Lurgan) Community Projects IA company Ilmlted by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 Review of Activities. Achievamonts and Perfonnan¢e ANNUAL REPORT 202412025 Our Achievement and Accomplishments Preparing this annual report has given us the opportunity to reflect on the past year- celebrating our successes, identifying areas for growth, and planning. As the saying goes, "Moving on is a prOSS,. moving fonN2rd is choice." At SLCP, we are committed to making things happen as we continue lo serve our community. The financial year ending March 2025 brought continued challenges due lo the rising costs of gas. electricity, and essential materials. Despite these hurdles, SLCP and other organisations based al Ml. Zion House have remained steadfast in their dedication to supporting the local community. We are pleased to continue our partnership with Action Cancer, who provide vital therapeutic support ServIS at Mt. Zion House. In appreciation of their invaluable work, we provide rooms free of charge to support their services. Their complementary therapies help reduce anxiety and stress, improve sleep, and equip clients with coping strategies. These services are available at no c05t to any adult or child affected by a cancer diagnosis, either directly or through a close relative. In response to the ongoing Cost-of-living crisis and its impact on mental health, counselling has remained 8 crucial Servi within our community. We are proud to now have six qualified counsellors offering safe, confidential support, both in person and online via Zoom, from Mt. Zion House. Dernand for these services continues to grow, and we are committed lo meeting these needs. Throughout the year, SLCP facilitated nurnerous community workshops and mental health support groups, We also strengthened our youth outreach by providing additional office space for a lead partner organisation, as well as daily room hire to SUPPQrt structured programmes designed for young people in our community. Our community garden, developed in partnership with Praxis, continues to thrive thanks to the dedication of local volunteers and clients facing mental health challenges. This green space has become a safe, joyful environment for all involved. Additional funding this year allowed us to further enhance the garden. Looking ahead. local youth are set to launch an environmental project in April. This initiative will involve growing plants and building planters to beautify areas around Mt. Zion House We made significant upgrades lo Ml. Zion House this year, including replacing 13 front- facing windows and upgrading fire doors. We are actively seeking funding lo replace windows at the rear of the building and have submitted an application to install solar panels to improve our sustainability. Painting of the building's exterior is planned for MaylJune, as part of our ongoing efforts to ensure the premises remain fit for purpose. Additionally, minor renovations at the rear of the building have been completed to accommodate more tenants and create additional private spaces for hire by community groups As a key cornmunity hub, Mt. Zion House provides office and workshop spaces to volLJntary and community organisations, as well as small enterprises. We are delighted lo have welcomed new tenants over the past year. and by April, we antlClP8te reaching full capacity with a waiting list for future occupancy.
Shankill (Lurgan) Community Projects IA company Ilmltgd by guarantee, not havlng a share cap5tall TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 Vvhile we recognize that challenges remain, we are confident in our ability lo adapt and overcome them. The dedication and supp01 t of our directors and company accountant have been invaluable, and without them, the delivery of these vital community services would not be possible. We look forward to welcoming new members to the SLCP Management Board in the upcoming financial year. OUR COMMUNITY PARTNERS vaYpie_..,--, ..-- ddywp fil Hhme StIR Acti Support and frtendshlp for f&mllle8 cancer Saving Lives Supporting People AND MANY OTHER GROUPI SMALL ENTERPRISES 8lg 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 cornmunity. We would like to thank the following funders. Armagh Banbridge & Craigavon Borough Council Keep Nl Beautiful Small Grants Groundwork Nl Financial Review Reserve5 Policy The trustees have confirmed £25,000 as the level of free SeNeS that the charrty aims lo 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 reserves is essential lo enable the charity to provide its activities for the foreseeable future. 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 £911,787 {2024- £938,216) and liabilities of £46,17212024 - £71,960). The net assets of the company have decreased by £16411.
Shankill {Lurgan) Community Projects IA company limited by guarante8, not havlng a share capital) TRUSTEES, ANNUAL REPORT for the Iinancial year ended 31 March 2025 PrSnclpal Rlsks and Uncertalntles The directors have actively reviewed the major risks which the ¢harity faces and believes Ihat the charity has sufficient Te50UfGes in the event of adverse condibons. The direc1015 have also examined other business and operational risks, which the charily laces and confirm thal il has eslablismed systems to miligale significanl risks. Trustees The trustee5 served throughoul the financial year, except as noted, were as follows.. Thoinas Mccotry Wilson Freebum Jame5 Joseph Ne150n In accordance wilh the Constitulion, the trustees retire by rotation and being eligible, offer themselves for reelection. Compllance wlth S8ctor-Wlda Laglslatlon and Standards The QolT1pa engages piTracltvely wth legislaliijii, sland8rds and codes whEch are developed fDr the secloi. Shankill (Lurganl Community Projects subscribes lo and is compliant wlh Ihe followjng.. The Companies Act 2006 The Charities SORP IFRS 1021 Publlc B&n•flt In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northein Ireland's guidan on pliC benefil to ensure thal Ihe activilies have trlped the charity purposes and provide a benefit to beneficiaries. Approvad by th• 8oard of Truste•s on and $ignod on ts behalf by: ¥L// Thomas Mccorry Trustee James Joseph Nelson Trustee
Shankill (Lurgan) Community Projects IA comp2ny 11md by guarantee, not h2vlng a Share capital) STATEMENT OF TRUSTEES, RESPONSIBILITIES fo¥ the finanaal year ended 31 March 2025 The Iruslees, ¥tho are also dtiector5 of Shankill (Luiganl CorTtmunily Projects for the ptjrposes ol coinpary law, are responsible for preparing the finanual slaternents in accordance ¥Mth applicable law and regulations. Company law requires the Iruslees as the direclors to prepa finanaal slaiemenis for each financial year. Undei Ihal law Ihe Iruslees have elected lo prepaTe the financial slaletnen15 in accoiElance wlh United Kii)gdon) Generally Accepted Accounting Practice (Uniled Kingdom Accounting Slandards and applicable lawl including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Enliliesl. Urlder MpanY law the tiuslees musl not approve the financial statements unless they ale satisfied that they give a twe and fair view of the state ol affairs of the company and of Ihe surp1% or defiol of the company for that period. In prepallng these finanaal statements, Ihe trustees are required lo.. select suitable accounting polic¥es and apply them consistently., mdke Slger71els and esliiiiales Ihal are reasonable and prudenl., slate whelhei the financial slalemenls have been prepared in accordance with Ihe relevant firiancial reporting framewod(, identsfy those standards, and note the effect and tt)e reasons for any material departure from those slandaids., and prepdre the finaneial statements on the going concem basis unless il is inappropriale lo presume that the company 11 continue in operation. The Irttstees confimi that they have ¢(PIled with the above requirements in preparing the financial stalemenls. The trustees are responsible fDr keeping atJequale accounting re¢ords Ihal are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any IiTne the financial position of the company and enable thern lo en5Ute Ihal the financial slatenients conipty wlh Companies Acl 2006. They are a150 respoiisible for safegijarding the assets of Ihe MpanY ar>d he foi taking Tea3onable 3lep5 fof the prevenlion and deleclion ol fraud and other Irgu1a[l1ies. Approved by the Board of Tru8tge5 on and slgned on Its behalf by: Thomas M¢Corry Tfustee James Trust80 oseph Nelson
Shankill (Lurgan) Community Projects IA company Ilmlt&d by guarantee, not havlng 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 cornpany for the financial year ended 31 March 2025, which comprise the Statement of Financial Activities (incorporating an Income and Expendituff Accounll, the Balan Sheet and the related notes. This report is made solely lo 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 slate those matters that we have agreed lo 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 directors of the company for the purposes of company lawl are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006. The company's Iruslees 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 reqUId It is our responsibility to.. examine the financial statements under section $5 of the Charities Act", follow the procedures laid down by the general Directs'ons given by the Charity Commission for Northern Ireland under section 651gllbl of the Charities Act, and state whether particular matters have come to our attention. Ba$ls of Independent examlner's report We have examined your company financial statements a5 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 Ljnder section 6519llbl 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 rgcords. It also includes consideration of any unusual item5 or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit and conseqLJently no opinion is given as to whether the accounts present a 'true and fair, wew 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 Acl 2006 the financial slalements 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 principles of 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 IFRS1021 there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statomont We have no Concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. RK&C PANY LTD red Accountants rnegie Street Lurgan Co. Armagh BT66 SAS Northern Ireland Ch Date.. i..Il.L5.............
Shankill (Lurgan) Community Projects IA cofflpany limited by guarantee, not having a share ¢apitall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an Incomè and Expèndltur• Account) for the financial year ended 31 March 2025 Unrestrictgd Restricted Funds Funds 2025 2025 Total Unrestricted Restricted Funds Funds Funds 2025 2024 2024 Total Funds 2024 Notes Incoming Resources Voluntary Income Aclivilie5 for generating funds 20,750 20,750 147,793 56,500 56.500 130.041 147,793 130,041 Total incoming resources 147,793 20,750 168,543 13a,041 56,500 186.541 Resources Expended Charitable acts'vities 169,184 169,184 155,174 11,474 166,648 Net Incomlngloutgolng re80urces before transfers (21,3911 20,750 {6411 125,1331 45,026 19,893 Gross transfers between funds 20,750 (20.7501 45.026 145,0261 Net movement in funds for the flnanclal year (641} {6411 19,893 19,893 Reconciliation of funds: Total funds beginning of the year 12 866,256 866.256 846,363 846,363 Totsl fund5 at the end of the year 865,615 865.615 866,256 866,256 The Statement of Financial Activities includes all gains and105ses recognised in the financial year. All income and expenditure relate to continuing activities. The note5 on page5 12 10 16 form part of the financial staternents 10
Shankill (Lurgan) Community Projects IA company limlted by guarant8e, not having a 8hare capital? Company Number-. N1019360 BALANCE SHEET as al 31 Maich 2025 2025 2024 Notes Fixed Assets Tangible assets 906.799 930.482 Current Assèts Deblof5 4,988 7.734 Creditors- Amounts falling due wlthln one year 142,879) 157.6061 Ngt Current LlabllltEes 137,8911 149,8721 Total Assets loss Curr•nt Llabllitla$ 868,908 880,610 cditorS Amounts falling due after mole than one year 10 13,2931 114.3541 Total Nat Assats 865,615 866.258 Funds General fvnd lunreslFicledl 865.615 866.256 Total fund8 12 865.615 866,256 These financial slalemenls have been prepared in accordance wrth the speoal provisions ielatsng to small companies thin Part 15 of Ihe Companies Acl 2006. For the financial year ended 31 March 2025 the company was entitled lo exemption from audit under seth'on 477 ofthe Conipanies Act 2006." and no notice ha5 been deposited under seclion 478. The trustees confrrm knal the merrtbers have not required the company to obtain an audit of ils financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006. The Injstees acknowledge IheSr responsibilities for enssjring that the company keeps accouTrling re¢ords which Comply with Section 386 for preparing financial statements which give a true and fair view of the slate of affairs of the compaiiy as al the end of Ihe financial year and of its profit and loss lor Ihe fiiiai)cial year in accor(lai)ce willi 11)e requiiemenls ol sections 394 and 395 and which otherwise cumply with the requirements ol the Companies Acl 2006 relating lo financial statements, so far as applicable to the company. Tl)e fiiiancial slalenienls h8ve been prep8CExI iii a¢¢ordar)¢e wilh Ihe provisions applicable lo companiE5 subject to Ihe small companies, regiine aikl in <iLL0rdan with FRS 102"The Financial Reporting Standard applicable the UK and Republic of Ireland" applying Section IA of th* Slandard. Approvèd by th• of Trustèes and authorlsed for Issu& on bohalf by and sign¢d on its Thomas Mecorry Truste Ja Trust s Joseph Nelson The notes on pages 12 to 16 form part of Ihe financial 51atetnen15 11
Shankill (Lurgan) Community Projects IA company Ilmlt&d by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 GENERAL INFORMATION Shankill ILurganl Community Projects is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is Mount Zion House, Edward Street, Lijrgan, Craigavon, Co. Amagh, BT66 6DB, Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound 1£) 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 lo the charity's financial statements. Basis of preparation The financial slalements have been prepared on the going concern basis under the historical cosl convention, modified to include certain items al fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practi ISORP} "Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ir8land FRS 102" applying Section 1A of that Standard. As permitted by the Companies Act 2006, the company has varied the standard formals in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formals are lo comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of compllance 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 ISORPI 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 Statement of Financial Activities only when the company is legally entitled to the income, performance conditions attached to the itemlsl of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be reiVed by the company. Resour¢es Expended Expenditure is analysed beeen costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed and analysed according to their major Gomponents. Expenditurè is recognised 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 attributed to one activity. Such costs are alloca18d to activities in proportion to staff lime spent or other suitable measure for each activity. Tangible fixed assets and depreciatlon Tangible fixed assets are slated at cost or at valuation, less accumulated depreciation. The charge lo depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their eslimaled residual value, over their expected useful lives as follows.. Land and buildings freehold Plant and machinery Fixtures, fittings and equipment Motor vehicles Various 20010 Straight line 20Q/o Slraighl line 200/0 Slraighl line Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at th8 amount prepaid nel of any trade discounts due. Income recognised by the company from government agencies and other co-funders, bul not 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 Gharilable exemption. Irrecoverable valued added lax is expensed as incurred. 12
continued Shankill (Lurgan) Community Projects IA company limited by guarantee, not having a sharè capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 INCOME DONATIONS AND LEGACIES Unrestrictod Restrlcted Funds Funds 2025 2024 Gifts & Donations Grants Received 2,500 54,000 20,750 20.750 20,750 20,750 56,500 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2025 2024 Income from charitable activites 147,793 147,793 130.041 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2025 2024 Cost of charitable activities 120,642 48.542 169,184 166,648 SUPPORT COSTS Charitable Activities 2025 2024 Support Costs 48,542 48.542 46,172 ANALYSIS OF SUPPORT COSTS 2025 2024 Legal & Professional Finance Audit & Independent Examination Fee Bank Charges Depreciation 13 5,500 2,270 2,797 35,592 5,130 2.200 2.510 38,668 48,542 46,172 NET INCOMING RESOURCES 2025 2024 Net Incoming ReSoUe8 are ststed after chargingl{crediting): Depreciation of tangible assets Independent Examiner's remuneration., independent examination seNices 38,668 35,592 2,200 2,270 13
continued Shankill <Lurgan} Community Projects IA company Ilmlted by guarantee, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 TANGIBLE FIXED ASSETS Land and buildings freehold Plant and Fixtures, machinery fittings and equipment Motor vehicles Total Cost Al 1 April 2024 Addition5 1,444.984 14,985 75,457 195,884 1.600 1,717,925 14,985 At 31 March 2025 1,459,969 75,457 195,884 1,600 1.732,910 Depreciation At 1 April 2024 Charge for the financial year 518,234 36,802 71,725 1.866 195,884 1,600 787,443 38,668 At 31 March 2025 555,036 73,591 195,884 1,600 826,111 Net book value At 31 March 2025 904.933 1.866 906,799 Al 31 March 2024 926,750 3,732 930.482 DEBTORS 2025 2024 Trade debtors Prepayments and accrued income 3,194 1,794 3,550 4.184 4,988 7.734 CREDITORS Amounts falling due within one year 2025 2024 Bank overdrafts Bank loan Trade creditors Accruals and deferred income 17,876 10,644 12.159 2,200 19,472 10,644 25,29Q 2,200 42.879 57,606 10. CREDITORS Amounts fallin9 due after more than one year 2025 2024 Bank loan 3,293 14,354 Repayable in one year or less, or on demand (Note 9) Repayable belween one and two years 28,520 3,293 30.116 14.354 31,813 44,470 14
continued Shankill (Lurgan) Community Projects IA company limited by guarantee, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 11. RESERVES 2025 2024 At the beginning of the year (Deficilllsurplus for the financial year 866.256 16411 846,363 19,893 At the end of the year 865,615 866,256 12. FUNDS 12.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Fund$ Total Funds At 1 April 2023 Movement during the financial year 846.363 19.893 846,363 19.893 At 31 March 2024 Movement during the financial year 866,256 16411 866,256 11,8571 At 31 March 2025 865,615 864,399 12.2 ANALYSIS OF MOVEMENTS ON FUNDS 8alan¢e 1 April 2024 Income Expenditure Transfers between funds Balance 31 March 2025 KNIB Small Grants GWNI Alpha Armagh Banbridge Craigavon Council 750 10.000 10,000 1750) (10.0001 110,000) 20,750 120,750) Unr95tricted funds Unrestricted General 866.256 147,793 169,184 20,750 865,815 Total funds 866,256 168,543 169.184 86S,615 12.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets charity use Current assets Current Long-term liabilities liabilltles Total Unrestricted general funds 906.799 4,988 {42,879) 13,293) 865,615 906,799 4,988 (42,879) 13,293) 865.615 15
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 2025 13. 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 lo 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 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 amount as may be required, not exceeding £ 1. 14. TRUSTEE RENUMERATION No Trustee received nor waived remuneration in either the current or previous financial year. 15. INDEPENDENT EXAMINERS FEE The Independent Examiners. Daly Park & Company Ltd, were paid a fee of £2,200 for their work in the current year12024 - £2,200) 16