Charlty Number NIC103422
Company Registration Number N1037243
LOUGHGIEL COMMUNITY
ASSOCIATION LTD
FINANCIAL STATEMENTS
31 MARCH 2023
FPM ACCOUNTANTS LTD
Chartered Accountsnts & Statutory Auditor
Unit 1, Building 10
Central Park
Mallusk
Co Antrim
BT36 4FS

LOUGHGIEL COMMUNITY ASSOCIATION LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
CONTENTS
PAGE
Trustees annual report
Independent auditorfs report to the members
11
Statement of financial activities (incorporating the
income and expenditure account)
Balance Sheet
16
17
Cash Flow Statement
18
Notes to the financial statements
19
The followlng pages do not fonn part of the flnanclal statements
Detailed statement of financial activities
31

LOUGHGIEL COMMUNITY ASSOCIATION LTD
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2023
The trustees. who are also directors for the purposes of company law, present their repjrt
and the financial statements of the charity for the year ended 31 March 2023.
All charity trustees have read and understand the ARR02. Charity reporting and accounting:
the essentials guidance produced by the Chairty Commission Northem Ireland (NI). This
report is prepared in line with the accounting and reporting framework in place for
registered charities from l January 2019, and an overview of The Charities (Accounls and
Reports) Regulations (Northern Ireland) 2015.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered ¢harSty name
Loughgiel Community A550ciation Ltd
Charlty reglstration number
NIC103422
Company registratlon number
N1037243
Registered offlce
Millennium Centre
Lough Road
Loughgiel
Ballymena
BT44 9JN
The trustees
The trustees who served the charity during the period 151 April 2022 to 31 March 2023 were
as follows:
Mrs B Mcllhatton
Miss S McAuley
Mr O M¢Fadd¢n
Ms SR Pickering
Ms N Richmond
Mrs J McKeown
Mrs J Mccarry
Mr GR Baker
Resigned 6 JUL 2022
Resigned 13 FEB 2023
Resigned 21 NOV 2022
Resigned 19 JAN 2023
Resigned l O MAR 2023
Audltor
FPM Accountants Ltd
Chartered A¢countants
& Statutory Auditor
Unil I, Building l O
Central Park
Mallusk
Co Antrim
BT36 4FS
Centre Manager
Mrs A O'Hagan
Solicitor
McGill Solicitors
42 Ann Street
Ballycastle
Co Antrim
BT54 6AD

LOUGHGIEL COMMUNITY ASSOCIATION LTD
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2023
Bank
Bank of Ireland
2 The Diamond
Coleraine
BT52 1 DE

LOUGHGIEL COMMUNITY ASSOCIATION LTD
TRUSTEES ANNUAL REPORT(contiftuedJ
YEAR ENDED 31 MARCH 2023
The Directors (who are also the Trustees of the Charity) were unable to submit a detailed
annual report due to all trustees who were acting in the period covered in the report having
resigned at the date of 29 January 2024.
On behalf of the trustees who served during this time and Loughgiel Community
Association (LCA) the Cur￿ nt active trustees submit the audited financial statements for the
year ended 31 March 2023. Please note that the details of this report and an understanding
of activities are from observations and limited records available to the current active board.
Several concerns raised by our auditor are still to be resolved.
The contents of this report follow the requirements of the trustees, annual report for
charities that p￿pare accruals accounts which are set out in the Charities Ststement of
Recommended Praclice (Charities SOiiP) (FRS102).
Loughgiel Community Associatlon's Work
Loughgiel Community Association is a company limited by guarantee whose objects are
recognised as charitable by HM Revenue & Customs.
Vlsion & Mission
To relieve poverty, sickness and the aged and to promote the benefit of the inhabitants of the
Parishes of Loughgiel, Co Antrim and environs without distinction of age, sex. race,
political, religious or other opinion, by association the statutory authorities, voluntary
organisations and inhabitants in a common effort lo advance education, and to provide
facilities in the interests of social welfare for recreation of other leisure time occupation,
with the object of improving the conditions of life for the said inhabitants. To mainlain our
established community centre and manage/cooperate with any local statutory authority in
the maintenance and management of such a centre for activities promoted by the
Association.
Our aclivilies
Advice/advocacyllnformatlon
Community development
Community enterprise
Educationltraining
Environment/sustainable development/conservation
General charltable purposes
Rural development
Volunteer development
Youth development
Governance & Management Structure
On the date of approval of this report each of the persons who is a trustee were actively
working on updating our governance and management structure.
Two current board members have undertaken governance training, and this will continue
for the foreseeable future with input from external providers in the voluntary, community
and third sector.
The following areas under governance and management structure 15 actively being
addressed:

LOUGHGIEL COMMUNITY ASSOCIATION LTD
TRUSTEES ANNUAL REpORT(￿ltinued)
YEAR ENDED 31 MARCH 2023
Le
al Com
liance".
Comply with the legal framework governing charities in Northern Ireland, including the
Charities Ad (Northern Ireland) 2008, and any other relevant legislation or regulations.
A new law is effective which applies to Loughgiel Community Association. The new
legislation. The Charities Aci (Northern Ireland) 2022, legally requires LCA to report to
the Charity Commission for Northern Ireland on an annual basis for accounting periods
beginning on or after l April 2022.
Governin
Document;
Our governing document is clear but not up to date. Our constitutionlmemorandum and
articles of association, which sets out the organisation's charitable purposes, powers. and
governance structure will be reviewed.
Board of Trustees:
Work is ongoing to establish trustee induction and training provisions. Trustee induction
and training will provide appropriate induction and ongoing training for trustees, ensuring
they are aware of their l¢gal obligations, the charity's purpose, and their roles and
responsibilities.
Financial Mana
ement:
The board are actively implementing robust financial management systems and controls to
ensure transparency> accountability. and proper stewardship of the charity's resources. This
includes the implementation of software lo assist in maintaining accurate financial records.
preparing annual accounts, and to assist independent audils when required.
Policies and Procedures:
The l)oard of trustees have dedicated significant time and their resources to developing and
implementing policies and procedures to guide the charity's activities and ensure
compliance with legal and regulatory requirements. This includes r¢vi¢wing all policies on
safeguarding, equality and diversity, fundraising, human resource management, health and
safety, and volunteer management.
ortin
and Accountabilit
The current board has been actively cooperating with inquiries conducted by the Chaity
Commission for Northern Ireland and will work io resolve these as required.
Risk Mana
einent:
The updating of policies and procedures assists with the updating of risk assessments. The
board are actively identifying and managing risks to the charity, including financial,
reputational, legal, and operational risks. The board are developing a risk management
strategy, and it will be regularly reviewed and updated.
Continiious Im
rovement..
The board of LCA will. going forward, regularly review and evaluate the charity's
govemance and management practices, seekTng feedback from stakeholders and making
necessary improvements to enhance effectiveness and etTJciency.
LCA will Continue to consult the Charity Commission for Northern Ireland for guidance.
resources, and training, and seek professional advice if needed to ensure compliance with
governance and management structure requirements.

LOUGHGIEL COMMUNITY ASSOCIATION LTD
TRUSTEES ANNUAL REPORT(continued)
YEAR ENDED 31 MARCH 2023
Public Benefit
Loughgiel Community Association Ltd's chaity public benefit statement,
"The benefits include irnproved health and well-being. improved access to services and
facilities, reduction in social isolation, enhanced capacity of l(Kal community and enhanced
employment opportunities.
The Charity's beneficiaries are the inhabitants of the Parish of Loughgiel and surrounding
are4 as well as organisations with an interest in the area. Any private benefit Is incidenlal in
terms of enhanced health and well-being, access to services and facilities, capacity of
community and enhanced employment opportunities. The benefits further include improved
cooperation between voluntary, statutory and community organisations, irnproved access to
services and facilities, enhanced knowledge and capacity of community to address needs,
enhanced health and well-being, reduction of social isolation.
These can be demonstrated through increase in provision of services and facilities that would
otherwise not be available, including childcare, luncheon club, youth club, training courses
and general Community activities, through general feedba¢k, evaluations and community
surveys, and level of cooperation with other voluntary and statutory organisations to
improve acce5S to services and facilities. There is no ham associated, The Charity's
beneficiaries are the inhabitants of the Parish of Loughgiel and su￿Ound1ng area, as well as
organisations with an interest in the area. Any private benefit is incidental in tenns of
enhanced health and well-bein& capacity of community and enhanced employment
opportunities and improved acces5 to services and facilities.
The Role of the Board of MAnagement
The Board of Directors meets at least ten times during the year, monthly.
The role of the Board is..
Strategic Direction: Setting and maintaining strategy with reference to the Corporate Plan:
holding the Management team to account.
Financial Control,. Approving the annual budget. monitoring expenditure with reference to
the budget. adopting financial statements.
Support: Making individual skills and experience available within the Board to the senior
staff;
Advocacy; Acting ambassadors for the organisation and supporting the Manager in
securing project funding.
Board members are recruited to meet specific needs and capabilities that ensure a balance of
experience and understanding to ensure effective govemance of the charity. Members may
be co-opt¢d on to the Board during the year with the agreement of more than 50 % of current
Board members. Those co-opted will then stand for re-election to the Board at the next
AGM.
Day to day operational rnanagement was delegated to Angela O'Hagan, Manager of The
Millenium cent￿ Loughgiel.

LOUGHGIEL COMMUNITY ASSOCIATION LTD
TRUSTEES ANNUAL REPORT (conbnued)
YEAR ENDED 31 MARCH 2023
Achievements and Performance
Due to the delay in the preparation olthese accounts the current boaTd had no active trustees
serving during the time this report covers and therefore are unable to comment on
achievements and perforniance.
PLANS FOR THE FUTURE
LCA board will embark on a strategic review of all operations undertaken by Loughgiel
Community Association.
This strategic review will be guided by The Chairty Commission for Northern Ireland and
best practice guidelines and includes:
Restructuring of staff and a review of employee roles with external support from
funders, Human Resource (HR) experts, and with the implementation of HR
software.
Review of LCA'S systems, resources, policylprocedures, purpose and ambitions.
Adopt policies and procedures that maintain transparency and accountability
Improve cooperation between voluntary, statutory and community organisations,
including groups within our own local community
Improve access to services and facilities, enhanced knowledge and capacity of
community to address needs, enhanced health and wellbeing. reduction of social
isolation
In addition to this Loughgiel Community Association are considering the following future
plans to meet public benefit and address the specified areas:
l. Health and Wellbeing Initiatives: Develop and implement health and wellbeing programs
and activities for the local community. This can include organising exercise classes, mental
health workshops, healthy lifestyle campaigns, and promoting access to healthcare services.
2. Improved Access lo Services and Facilities: Identify gaps in local service provision and
work towards improving access to essential services. This may involv¢ collaborating with
local service providers, advocating for improved infrastructure, or establishing partnerships
to bring services closer to the community.
3. Social Integration and Reduction of Social Isolation: Create opportunities for social
interaction and community engagement to reduce social isolalion. This can be achieved
through organising community events, clubs, support groups, and activities that foster
connection and inclusion.
4. Building Community Capacity: Offer training and skill-building programs to enhance the
capacity of the local community. This will include workshops on leadership, financial
management, digital literacy, or vocational training to empower individuals and groups to
take an active role in community development.
5. Employment Support and Opportunities: Collaborafr with local businesses, organisations,
and educational institutions to create employment opportunities for community memkrs.
This can involve facilitating job fairs, providing career guidance and training, or supporting
entrepreneurship inltiatives.
6. Collaborative Partnerships: Strengthen partnerships with other charitable organisations,
local authorities, healthcare providers, and cotntnunity gTOUPS. By working together, a
collective impact can be achieved to address complex social issues and m&¥imise resources.
7. Community Consultation: Regularly engage with th¢ community to understand their
needs, aspirdtions, and priorities. Conduct surveys, focus groups, and cotnmunity
onsultations to ensure that future plans align with the specific requirements and desires of
the local population.

LOUGHGIEL COMMUNITY ASSOCIATION LTD
TRUSTEES ANNUAL REPORT(e0ntlft￿dj
YEAR ENDED 31 MARCH 2023
8. Evaluation and Adaptation: Continuously evaluate the impact and effectiveness of
initiatives and programs. This (an help identify areas for improvement, ensure resources are
utilised effectively. and adapt Futu￿ plans based on feedback and outcome5.
9. Sustainable Funding: Develop a sustainable funding strategy to support the
implementation of futur¢ plans. This can involve diversifying income streams, applying for
grants, and engaging in fundraising activities to ensure the long-terni viability of the
charity's activities.
Regularly reviewing and revising these plans in consultation with the community will help
ensure that the charity's efforts remain responsive to evolving needs and priorities.
RESERVES POLICY AND GOING CONCERN
Although it was stated in March 2022 tr￿stee report, "Loughgiel Community Associalion are
now able to develop a reserves policy to help with futUTe projects., A policy is still to be
created. This will be completed during the current financial year,
Although significant challenges lie ahead in facilitating the transitioning off key employees,
Loughgiel Community Association are hopeful of achieving financial stability and a bright
future. Despite the challenges associated wilh key staff members leaving, Loughgiel
Community Association remains optimistic and determined to overcome these obslacles.
With the support of our community, partners, and volunteers, we believe that we can build a
bright future and achieve financial steadiness for the benefit of all those we serve on this
basis the assessment of the trustees is Ihat the charity is a going concern.
DISCLOSURE OF INFORMATION TO AUDITORS
The Directors who held office at the date of approval of this report were unable to confinn
that there is no relevant audit inforniation of which the Charitable Company's auditors are
unaware. Several factors impact the ability to make this disclosure.
Each director has taken all the steps they ought to have taken as a director to make
themselves aware of any relevant audit infonnation and to establish that the Charitable
Company's auditors are aware of that infonnation.
TRUSTEES, RESPONSIBILITIES STATEMENT
The trustees (who are also the direclors of Loughgiel Community Association Ltd for the
purposes of company law) are responsible for preparing the Trustees Annual Report and the
financial slatements in accordance with applicable law and regulations.
Company law required the trustees to prepare financial statements for each financial year.
Under that law the trustees have elected to prepare the financial statements in accordance
with United Kingdom Generally Accepted Accounting Practice (United Kingdom
Accounting Standards and applicable law). Under company law the trustees must not
approve the financial statements unless they are satisfied that they give a true and fair view
of the situation of the charity and the income and expenditure of the charity for that period.
In preparing these financial statements, the trustees are required to:
-select suitable accounting policies and then apply them consistently. .
- Observe the methods and principles in the Charities SORJ; ,
- Make judgements and accounting estimates that are reasonable and prudent" and

LOUGHGIEL COMMUNITY ASSOCIATION LTD
TRUSTEES ANNUAL REPORT (eontlnu•d)
YEAR ENDED 31 MARCH 2023
Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to
show and explain the charity's transactions and disclose with re&sonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charity and hence for taking Teasonable steps for the
prevention and detection of fraud and other i￿egUlar1ties.
AUDITOR
FPM Accountant5 Ltd are deemed to be re-appointed under section 487(2) of the Companies
Act 2006.
On the date of approval of this report each of the persons who is a trustee can confirni that:
The trustees are aware that relevant audit infomiation sought by the auditors
remains outstanding. and
Each trustee has taken all reasonable steps that they ought to have taken as a trustee
to make themselves aware of any relevant audit inforniation and to establish that the
charity's auditor is aware of that information.
Registered office..
Millennium Centre
Lough Road
Loughgiel
Ballymena
BT44 9JN
Signed on behalf of the trustees
Sheree Connolly
Chairperson
Date: 31 January 2024
10

LOUGHGIEL COMMUNITY ASSOCIATION LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
LOUGHGIEL COMMUNITY ASSOCIATION LTD
YEAR ENDED 31 MARCH 2023
Qualified Opinion
We have audited the financial statements of Loughgicl Community Association Ltd (th¢
'charity') for the year ended 31 March 2023 which comprise the Statement of Financial
Activities, the Balance Sheet, the cash flow statement and the not¢s to the accounts,
including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards including Financial Reporting Standard 102. The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion, except for the possible effects of the matters described in the Basis for
qualified opinion section of our report, the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31
March 2023 and of its incoming resources and application of resources, including its
income and expenditure, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for qualified opinion
The charity were unable to provide sufficient audit evidence to verify the completeness of
generated income, nor did Ihey consider fully the V A T implications of such income.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS
(UK)) and applicable law. Our responsibilities under those standards are further described in
the Auditorfs responsibilities for the audit of the accounts section of our report. We are
independent of the charity in accordance wilh the eihical requirements Ihat are relevant to
our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we hav¢
fulfilled our other ethical responsibilities in ac¢ordan¢¢ with the% requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our qualified opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the
going concern basis of accounting in the preparation of the financial statements 15
appropriate.
Based on the work we have perfonned, we have not identified any material uncertainties
relating to events or conditions that, individually or collectively, may cast significant
doubt on the gryoup and charity's ability to continue as a going concern for a period of at
least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern
are described in the relevant sections of this report.

LOUGHGIEL COMMUNITY ASSOCIATION LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
LOUGHGIEL COMMUNITY ASSOCIATION LTD (continued)
YEAR ENDED 31 MARCH 2023
Other information
The other inforrnation comprises the inforniation included in the annual report, other than
the financial statements and our auditor's report thereon. The Trustees are responsible for the
other inforn)ation. Our opinion on the financial does not cover the other inforniation and,
except to the extent otheTWi5e explicitly stated in our report, we do not express any fonn of
assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the
other inforn]ation and, in doing so, consider whether the other infonnation is materially
inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are requiTed to deterniine whether there is a material misstatement in the
accounts or a material rnisstatement of the other infomlation. If, based on the work we have
perfomied, we conclude that there is a material misstatement of this other inforniation, we
are required to report that fact. We have nothing to report in ihis regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the infom]ation given in the Trustees Report for the financial year for which the
financial statements are prepared is consistent with the financial statements; and
the Trustee5 Report has been prepared in accordance with applicable legal
requirements.
Matters on Ivhieh we are required to report by exception
In the light of the knowledge and understanding of the Trustees and its envtronment obtained
in the course of the audit, we have not idenlified material misstatements in the Trustees
Report.
12

LOUGHGIEL COMMUNITY ASSOCIATION LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
LOUGHGIEL COMMUNITY ASSOCIATION LTD (contlnu•d)
YEAR ENDED 31 MARCH 2023
We have nothing to report in respect of the following matters in relation to which the
Companies Act 2006 requires us to r¢port to you if. in our opinion..
the financial statements are not in agreement with the accounting records and returns.
or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the inforn]ation and explanations we require for our audit.
As highlighted in our qualified opinion, in certain specific respects. we do not believe that
adequate accounting records have b¢¢n kept.
Responsibilities of Trustees
As explained more fully in the Statement of Trustees Responsibilities, the Trustees who are
also the director5 of the charity for the purpose of company law, are responsible for the
preparation of the financial Statements and for being satisfied that they give a true and fair
view, and for such internal control as the directors deterniine is necessary to enable the
preparation of financial statemenls that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity's
ability to continue a5 a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the Trustees either intend to
liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of th¢ financial ststements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an
auditorfs report that includes our opinion. Reasonable assurance is a high level of assuranc¢,
but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always
detect a material misstatement when it exists. Misstatements Can artse from fraud or error
and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these accounts.
13

LOUGHGIEL COMMUNITY ASSOCIATION LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
LOUGHGIEL COMMUNITY ASSOCIATION LTD (continued)
YEAR ENDED 31 MARCH 2023
I￿egularitIes, including fraud, are instances of non-compliance with laws and regulations.
We design procedures in line with our responsibilities, outlined above. to detect material
misstatements in respect of irregularities, including fraud. The ext¢nt to which our
procedures are capable of detecting irregularilies, including fraud, is detailed below.
We obtained an understanding of the legal and regulatory framework applicable to the
company through enquiry of management, Ind￿Sty research and the application of
cumulative audit knowledge. We identified the following principal laws and regulations
relevant to the company - Cornpanies Act 2006 and the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
We developed an understanding of the key fraud risks to the entity (including how fraud
might occur), the controls in place to help mitigate those risks, and the accounts, balances
and disclosures within the financial statements which may be susceptible to management
bias. Our understanding was obtained through review of the financial statements for
significant accounting estimates, analysis of journal entries, walkthrough of the key controls
cycles in place and enquiry of management.
Our procedures to respond to those risks identified included, but were not limited to:
Enquiry of managemenl, those charged with governance and the entity's solicitors
around actual and potential litigation and claims.
Enquiry of managemeTtI to identify any instances of non-compliance with laws and
regulations.
Reviewing financial stalement disclosures and testing to supporting documentation
to assess compliance with applicable laws and regulations.
Auditing the risk of management override of controls, including through testing
journal entries and oiher adjustments for appropriatene55, and evaluating the
business rationale of significant transactions outside the nonnal course of business.
A further description of our responsibilities for the audit of the accounts is located on the
Financial Reporting Council's website at: litt .'Ilwww.frc.or
F uklaiidirors
es
nsibi lilies.
14

LOUGHGIEL COMMUNITY ASSOCIATION LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
LOUGHGIEL COMMUNITY ASSOCIATION LTD (¢ontInu￿)
YEAR ENDED 31 MARCH 2023
This description fonns part of our auditor's rep)rt.
This report is made solely to the charitable company's members, as a body, in accordance
with Chapfrr 3 of Part 16 of the Companies Act 2006 and regulations made under that Act.
Our audit work has been undertaken so that we might state to the charitable company's
members those matters we are required to state to them in an auditors, report and for no other
purpose. To the fullest extent perniitted by law, we do not accept or &8sume responsibility to
anyone other than the charitable company and its members as a body, for our audil work, for
this report, or for the opinions we have fornied.
MR JAMES LOWRY GRANT (Senior
Statutory Auditor)
For and on behalf of
FPM ACCOUNTANTS LTD
Chartered Accountants
& Stalutory Auditor
Unit I, Building 10
Central Park
Mallusk
Co Antrim
BT36 4FS
15

LOUGHGIEL COMMUNITY ASSOCIATION LTD
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE
INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 MARCH 2023
Unrestricted
Funds
Restrtcted
Restricted Total Funds Total Funds
Funds Capital Funds
2023
2022
Note
INCOME FROM
Donations and
legacies
Charitable activities
Other trading
activities
Other Income
25,705
101,364
6,696
242.188
32,401
345,037
91,954
412,009
1,485
167,135
15,771
167,135
15,771
560J44
84,371
TOTAL INCOME
309,975
248,884
1,485
588.334
EXPENDITURE ON
Charitable activities 617
Other expenditure
TOTAL
EXPENDITURE
(392,712)
(1,347)
(255,034)
(69,663) (717,409) (709.995)
(la47)
(2.010)
(394,059)
(255,034)
(69,663) (718,756) (712.005)
NET
EXPENDITURE
AND NET
MOVEMENT IN
FUNDS FOR THE
YEAR
RECONCILIATION
OF FUNDS
Total funds brought
forward
(84.084)
(6,150)
(68,178) (158,412) (123,671)
361,104
36,946
1,697,257
2,095,307
2,218,978
TOTAL FUNDS
CARRIED FORWARD
277,020
30,796
1,629,079
1,936,895
2,095,307
The Statement of financial activities Includes all gains and losses in the year.
All of the above amounts relate to continuing activities.
The notes on pages 19 to 30 fonn an integral part of these financial statements.
16

LOUGHGIEL COMMUNITY ASSOCIATION LTD
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Note
FIXED ASSETS
Tangible assets
12
1,812,351
1,887.380
CURRENT ASSETS
Bank
Debtors
119J94
176,075
13
144,569
240,737
CREDITORS: Amounts falling due within one
year
14
(20,025)
(32,810)
NET CURRENT ASSETS
124,544
207,927
TOTAL ASSETS LESS CURRENT LIABILITIES
1.936,895 2.095,307
CREDITORS: Amounts falllng due after more
than one yevdr
NET ASSETS
1.936,895
2,095.307
FUNDS OF THE CHARITY
Restricted capital funds
Restricted income funds
Unrestricted income funds
15
16
17
1,629,079
30,796
277,020
1,936,895
1,697,257
36,946
361,104
2,095,307
TOTAL CHARITY FUNDS
These financial statements were approved by the members of the cornmittee and authorised
for issue on the
and are signed on their behalf by:
Sheree Connolly
Chairperson
Company Registrdtion Number: N1037243
The notes on pages 19 to 30 fonn an integrnl part of these financial statements.
17

LOUGHGIEL COMMUNITY ASSOCIATION LTD
CASH FLOW STATEMENT
AS AT 31 MARCH 2023
2023
2022
Notes
Cash (used) /generated in operating acllvltles
19
(41,638)
87,607
Cashflow5
Purchase o
rom Invesling aclivilies
property, plant and equipment
(15,043)
(67,731)
Net Cash used in investing activlties
(15,043)
(67,731)
Cash flows from financing activitles
Repayments of borrowing
Net Cash used in financing activities
Net cagh (outflow) /inflow
(56,681)
19076
Change in cash in the re
orting period
Cash at ihe beginning olthe reporting period
Cash at the end of the reporting period
(56.681)
176,075
19,876
156,199
119,394
176,075
18

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
ACCOUNTING POLICIES
The principal accounting policies adopted. judgements and key sources of estimation in the preparation of
the financial statements are as follows:
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities prepartng their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I
January 2019) (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) and the Companies Act 2006.
The charity is a Public Benefit Entity as defined by FRS 102. Assets and liabilities are inilially
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy
note(s). The accounts are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
Preparation of the accounts on a going concern basis
Although significant challenges lie ahead in facil ilating the transitioning off key ernployees, Loughgiel
Community Association are hopeful of achieving financial stability and a bright future. Despite the
challenges associated with key staff members leaving, Loughgiel Community Association remains
optimistic and detennined to overcome these obstacles.
While the departing employee5, expertise will be missed, we are confident in the capabilities of our
remaining staff and are actively seeking new talent to fill any gaps. We are committed to maintaining ihe
high standard of service and support that our community has come to expect.
In addition to addressing the staff transitions, we are actively pursuing opportunities to diversify our
income sources. By exploring grants, fundraising aclivities, partnerships, and other revenue-generating
initiatives, we aim to reduce our reliance on a single funding stream and secure the financial stability
needed to thriv¢.
To support our financial goals, we are implemenling efficient financial management practice5, budgets
and budget reviews, expense monitoring, and optimisation of operational efficiency will ensure the
effective use of resources. We are also exploring new fundraising events and campaigns to engage the
community and raise funds.
Loughgiel Community Association values the power of volunteers and will continue to engage and
empower them. Volunteers play a vital role in supplementing our staff efforts and expanding our services.
We will enhance our volunteer recruitment and management system to ensure that they receive the
necessary training and support.
Community engagement and communication remain at the forefront of our efforts. We will strengthen
our communication channels to keep the community infonned about our activities, impact, and financial
needs. By fostering a sense of ownership and involvement, we aim to build strong support and
engagement from the community and stakeholders.
In the long tern], we are committed to developing a comprehensive financial plan that includes
forecasting future funding needs, identifying potential risks, and setting financial goals. This plan will
guide our decision-making and ensure our financial stability in the years to come.
19

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Loughgiel Community Association remains dedicated to measuring and reporting on the impact of our
work. By showcasing the positive outcomes and value we create, we aim to demonstrate our effectiveness
and attract continued support from funders and the community.
Despite the challenges ahead, Loughgiel Community Association is hopeful and determined to overcome
them. With the support of our community, partners, and volunteers, we believe that we can build a bright
future and achieve financial steadiness for the benefit of all those we serve on this basis the assessment of
the trustees is that the charity is a going concern.
Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of ihe Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes.
General funds may be transferred to designaled funds where Trustee5 wish to use these funds for a
specific purpose. Such funds rnay be transferred back to general funds once the criteria for the
designation have been met or are no longer applicable.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The cost of raising and
administering such funds are charged against the specific fund. The aim and use of restri¢led funds is set
out in the notes to the financial statements. Restricted funds may only be transferred to general or
designated funds once the crileria for restriction have been discharged or no longer apply.
Income Recognition Policies
Items of income are recognised and included in the accounts when all of the following criteria are met:
The charity has entitlement to the funds;
any perforniance conditions attached to Ihe item of income has been met or are fully
within the control of the charity.
there is sufficienl certainty that receipt of the income is considered probable: and
the amount can be measured reliably.
Donated service$ and facilities
In accordance with the Charities SORP (FRS 102). the general volunteer time of supporters is not
recognised.
Interest Receivable
Interest on funds held on deposit is included when receivable and the amount can be me&sured reliably by
the charity. this is nornially upon notification of the interest paid or payable by the Bank.
Expenditure
Expenditiire is Terognised once there is a legal or constructive obligation to tnake a payment to a third
party, it is probable that settlement will be required and the amount of the obligation can be measured
reliably. Expenditure is classified under the following activity headings:
Expenditure on charitable activities undertaken to further the purposes of the charity
and their associated support costs
Other expenditure represents those items not falling into any other heading
20

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
ACCOUNTING POLICIES (conlinued)
Cash at bank and in hand
Cash at bank and cash in hand includcs cash and short tcrm highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening the deposit or similar account
Allocation of support Costs
Support costs are those functions that assist the work of the charity but do not directly undertake
charitable activities. Support costs include back office costs, finance, personnel, payroll and governance
costs which support the charity's programmes and activities. These costs have been allocated against
expenditure on charitable activities.
Fixed Assets
Individual fixed &ssets are capitalised at cost and are depreciated over their estimated useful economic
lives &8 follows:
Asset Category:
Annual Rate
Land and Buildings
Plant and Machinery
Fixtures and Fitting5
Motor Vehicles
20/0 Straight Line
25 % Reducing Balance
25 /0 Reducing Balance
25 % Reducing Balance
The canyTng values of tangible fixed assets are reviewed for impaimient when events or circumstances
indicate the carrying value may not be recoverable.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid after taking account of any trade discount due.
Creditors and Provisions
Creditors and provisions are re¢ognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third paty and the amount due to settle the
obligation can be measured OT estimated reliably. Creditors and provisions are norn]ally recognised at
their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlemenl value with the exception of bank loans which are subsequently measured at
the canying value plus accrued interest less repayments. The financing charge to expenditure is at a
constant rate calculated using the effeclive interest method
Taxation
The company is a registered charity and the charitable tax exemptions are therefore being claimed io the
extent that income an(Vor gains are applicable and applied to charitable purposes only. These exemptions
will remain in place as long as income and expenditure is applied to charitable purposes only.
21

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
ACCOUNTING POLICIES (coM*INutd)
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and &ssociatd assumptions are based on historical
experience and otheT factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only
that period, or in the period of the revision and future periods where the revision affects both current and
future periods.
Legal Status of the Charity
The charity is a company limited by guarantee and has no share capital.
DONATIONS AND LEGACIES
Total
Funds Unrestricted Restricted Total Funds
2023
Funds
Funds
2022
Unre5trlcted Restrleted
Fund$
Funds
DonAtions
Gruig Community Fund
Other donations
Altaveedan Wind Farni
Grant
Department for
Communities
CJRS Furlough Scheme
Northern Ireland Housin8
Executive- COVID 19
Emergency Fund
4327
4227
780
4,145
8,025
4,145
8,025
20,698
20,698
19,671
19,671
31,098
31,098
6,696
6,696
29,015
29,015
25,705
6,696
32.401
62.939 29,015
91,954
22

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted
Restricted Total Funds
Funds
Fund5 Capital Funds
2023
Northern Ireland Housing Executive -
Supporting People
Northern Ireland Housing Executive-
Special recognition
Northem Ireland Housing Executive-
Homeless Prevention Fund
DHSS and PS School Aged Children
Fund- Brightstart
North Eastern Education and Library
Board- PEAG
Early Years Pathways
Ulster Supported Employment
Education Authority
Education Authority Engage
Education Authority Non Targeted
funding
Causeway Coast & Glens
Department of Education
Department for Communities
BB Health Forum
Oul of School Project
Childcare Project
Other Grant Income
Rural micr￿apital Grant Scheme
85,945
85,945
1,790
1.790
37,319
37,319
18,882
18.882
23,441
22,498
23,441
22,498
37.231
45,058
4J68
37,231
6,138
38,920
4J68
4,400
4,625
4,400
4,625
3,810
4.633
3010
4,633
2,000
27,888
11,411
8,253
11.411
8253
1.485
IOlJ64
242,188
1,485
345,037
23

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
INCOME FROM CHARITABLE A￿1VITIEs (eonllmued)
Unrestricted Restricted
Restricted Total Funds
Funds
Funds Capital Funds
2022
Northem Ireland Housing Executive -
Supporting People
Northern Ireland Housing Executive -
Supporting People Programrne -
Provider Innovation Fund (PIF)
Northern Ireland Housing Exe¢utiv¢ -
Supporting People Prograrnme-
C19RF
DHSS and PS School Aged Children
Fund - Brightstart
North Eastern Education and Library
Board - PEAG
Early Years
Early Years Pathways
Ulster Supported Employment
Education Authority
Education Authority Engage II
Education Authority Outdoor Learning
Project
Causeway Coast & Glens
CC&GBC - Covid-19 Food &
Essential Supplies
Education Authority- MIS Support
Grant
IT Capacity Building Scherne
Lottery Fund
Department for Communities
Getting Ready to Learn
BB Health Forum
DAERA
Oul of School Project
Childcare Project
Other Grant Income
South & East Cork
Summer Boost Grant
Education Authority Camp Equipment
Grant
EH & WB Grdnt
Health and Social Care Board
83J87
83,387
18,264
18,264
19,925
19,925
18J32
1&332
19,880
14,634
22.498
19,880
14.634
22,498
40,494
38,920
2,912
40,494
38,920
2,912
1.000
2,500
I,(K)o
2JOO
2,500
2JOO
9,600
11,686
9,600
11,686
27,546
2021
370
&916
1.483
19.148
14,108
7,606
1,500
13,805
27J46
2.821
370
8,916
1,483
19,148
14,108
7,606
1.500
13,805
2,486
3,250
3.250
2,438
2.438
95,531
293,709
22,769
412,IK19
24

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
OTHER TRADING ACTIVITIES
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Generated Income
167,135
167,135
84,371
84,371
OTHER INCOME
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Insurance Claim
15,771
15,771
COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
Restricted
Capital Total Funds
Fund8
2023
Unrestricted Restricted
Funds
Funds
Charitable activity
Support costs
266,763
116,589
383J52
212,464
42,570
255,034
479,227
228,822
69,663
69,663
708,049
Unrestricted
Funds
Restricted
Restricted Total Funds
Funds Capital Funds
2022
Charitable activity
Support costs
174.792
99.788
274,580
304,228
29,390
333,618
21,286
75,931
97,217
5CQ,306
205.109
705.415
25

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Activities
undertaken
directly
Support Total Funds Total Funds
costs
2023
2022
Charitable activity
Governance costs
479227
228,822
9J60
238.182
708,049
9J60
717.409
705,415
4,580
709.995
479227
OTHER EXPENDITURE
unrestrict￿ Total Funds Unrestricted Total Funds
Fund$
2023
Funds
2022
Interest Payable and Similar Charges
lJ47
lJ47
2,010
2,010
NET OUTGOING RESOURCES FOR THE YEAR
This is stated after charging:
2023
2022
Depreciation
Auditors, remunerdtion:
audit of the fjnancial statements
90,072
93,186
6.000
5.000
10. STAFF COSTS AND EMOLUMENTS
Totsl staff costs were as follows:
2023
2022
Wages and salaries
Social security costs
Pensions
344J52
22,893
12,637
317,841
20,290
12,874
379,882
351,005
Particulars of employees:
The averdge nulnber of employees during the year, calculated on the basis of full-time
equivalents, was as follows:
2023
2022
No.
23
Number of other staff
25
No employee received remuneration of more than £60.000 during the year (2022 - Nil). The employee
benefits of the key management personnel of the charity totalled £44,325.
26

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
11. RELATED PARTY TRANSACTIONS
The charity was under the control of the board of trustees throughout the year. There are no
related party transactions to disclose under FRS 102.
None of the Trustees receive reimbursement of expense. remuneration or other benefit from their
work with the charity. Any connection between a Trustee or senior manager of the charity with
organisations the charity works with must be disclosed to the full Board of Trustees in the same
way as any other contractual relationship with a related party.
12. TANGIBLE FIXED ASSETS
Land and
Plant and Fixtures &
Buildings Machinery
Fittings
Motor
Vehicles
Total
COST
At l April 2022
Additions
2.477,648
68,518
3,780
72,298
365,003
11,263
376,266
46,355 2,957J24
15.043
2,972067
At 31 March 2023
2,477,648
46J55
DEPRECIATION
At l April 2022
Charge for the year
At 31 March 2023
742,168
49,553
791,721
67J69
1,104
68,673
230JOS
35,352
30,102
4,063
1,070,144
90.072
265,657
34,165
1,160216
NET BOOK VALUE
At 31 March 2023
1.685,927
1,735,480
3,625
949
110,609
134,698
12,190
16,253
1012J51
1,887,380
At 31 March 2022
13. DEBTORS
2023
2022
Grants Receivable
Other debtors and prepayments
13,611
11,564
50,720
13,942
64,662
25,175
14. CREDITORS.. Amounts falling due within one year
2023
2022
Taxation and social security
Other creditors
Accruals and deferred income
2,341
9,710
7,974
20,025
3.920
14.622
14.268
32,810
27

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
15. RESTRICTED CAPITAL FUNDS
Balance at
l April 2022
Balance at
Expenditure 31 March 2023
Income
Permanent restricted
capital
Restricted Capital Funds
Department of Education
RDP Funding
Clothworker
DAERA
NIHE
Causeway Coast & Glens
Rural Mico Capital Grant
1.167.912
39,471
187,817
lJ18
228,087
13,024
59,628
(39,667)
(871)
(19,744)
(593)
(4,029)
(3,449)
(1,217)
(93)
(69,663)
1,128345
38.600
168.073
725
224.058
9,575
58,411
lJ92
1,485
1,697257
1.485
1,629.079
16. RESTRICTED INCOME FUNDS
Balance at
l AprRI 2022
Balance at
Expenditure 31 March 2023
Income
NIHE Supporting People
Early Years
Northern Ireland Housing
Executive - Special recognition
Northern Ireland Housing
Executive- Homeless Prevention
Fund
DHSS and PS School Aged
Children Fund - Brightstart
ChTldren in Need
Education Authority
Education Authority Engag¢
North Eastern Education and
Library Board- PEAG
Lottery Fund
Causeway Coast & Glens
Education Authority Non
Targeted funding
Northern Ireland Housing
Executive- COVID 19
Emergency Fund
Northern Ireland Housing
Executive - Supporting People
Programme- Provider Innovation
Fund (PIF)
85.945
(85,945)
1,790
(1,790)
37J19
(32,071)
5,248
18,882
(18,882)
(147)
(38,920)
(4J68)
589
442
38,920
4.368
2,598
17.034
781
23.441
(24,091)
(4.259)
(4,820)
1,948
12.775
4,625
4,400
(4,400)
6,696
(6,696)
2,045
(511)
IW4
28

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
16. RESTRICTED INCOME FUNDS CTD...
Balance at
l April 2022
Balance at
Expenditure 31 March 2023
Income
Northern Ireland Housing
Executive - Supporting People
Programme - Cl 9RF
Early Years Pathways
Getting Ready to Learn
South & E&st Cork
12.704
{5,189)
(22,498)
7￿15
22,498
1,195
(447)
748
36.946
248,884
(255,034)
30,796
17. UNRESTRICTED INCOME FUNDS
Balance at
l Apr 2022
Balance at
Expendlture 31 Mar 2023
Income
General Funds
361,104
309,975
(394,059)
277,020
29

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible
rixed assets Net Assets
Total
Restricted Income Funds:
Children in Need
North Eastern Education and Library Board- PEAG
Lottery FLmd
Causeway Coast & Glens
Northern Ireland Housing Executive- Supporting
People Programme- Provider Innovation Fund (PIF)
Northern Ireland Housing Executive - Supporting
People Programme - C19RF
Northern Ireland Housing Executive- Homeless
Prevention Fund
South & East Cork
442
1,948
12,775
586
442
1.948
12,775
586
lJ34
1,534
7,515
7,515
3a53
748
1095
5,248
28.901
1,895
30,796
Restrlcted Capital Funds:
Restricted Capital Funds
Department of Education
RDP Funding
Clothworker
DAERA
NIHE
Causeway Coast & Glens
Rural Mico Capital Grant
1,128.245
38,600
168,073
725
224,058
9,575
$8,411
ia92
1,629,079
154,371
1,812J51
1,128,245
38,600
168,073
725
224,058
9.575
58,411
lJ92
1,629.079
277,020
1,936,895
Unrestricted Income Fundy
122,649
124544
Total Funds
19. RECONCILIATION OF NET OUTGOING RESOURCES TO NET CASH OUTFLOW
FROM OPERATING ACTIVITIES
2023
2022
Net movement in funds for the reporting period (SOFA)
Dcpreciation on tangible fixed assets
(Increase) I decrease in debtors
Increase / (decrease) in creditors
(158,412)
90,072
39,487
(12,785)
(123,671)
93,186
107,941
10,151
Net c&%h provided by (used in) operating activities
30

LOUGHGIEL COMMUNITY ASSOCIATION LTD
MANAGEMENT INFORMATION
YEAR ENDED 31 MARCH 2023
The followlng pages do not fomi part of the statutory flnanGlal Ststements
which are the subject of the ind•pendent auditorf8 report on pages 11 to 15.
31

LOUGHGIEL COMMUNITY ASSOCIATION LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2023
2023
2022
INCOMING RESOURCES
DONATIONS AND LEGACIES
Gruig Community Fund
Other donations
Altaveedan Wind Farni Grant
CJRS Furlough Scheme
Northern Ireland Housing Executive- COVID 19
Emergency Fund
4,427
780
20,698
4,145
8,025
19.671
31.098
6,696
29.015
32,401
91,954
Generated Income
167,135
84,371
INCOME FROM CHAIUTABLE ACTIVITIES
Northern Ireland Housing Executive - Supporting
People
Northern Ireland Housing Executive - Supporting
People Programme - Provider Innovation Fund (PIF)
Northern Ireland Housing Executive - Supporting
People Programme- C19RF
Northern Ireland Housing Executive- Special
recognition
Northern Ireland Housing Executive- Homeless
Prevention Fund
DHSS and PS School Aged Children Fund-
Brightstart
North Eastern Education and Library Board - PEAG
Early Years
Early Years Pathways
Ulster Supported Employment
Education Authority
Education Authority Engage
Education Authority Outdoor Learning Projert
Education Authority Non Targeted funding
Causeway Coast & Glens
CC&GBC - Covid-19 Food & Essential Supplies
Departmcnt of Education
Education Authority- MIS Support Grant
IT Capacity Building Schem¢
Lottery Fund
Department for Comrnunities
Getting Ready to Learn
BB Health Forum
DAERA
Out of School Project
85,945
83,387
18,264
19.925
1,790
37,319
18,882
23,441
18,332
19,880
14,634
22,498
40,494
38,920
2.912
1,000
22,498
37,231
45,058
4J68
4,400
4,625
2.500
2.500
3,810
9,6
11,686
27,546
2,821
370
8,916
1,483
19,148
4,633
2,000
27,888
32

LOUGHGIEL COMMUNITY ASSOCIATION LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2023
Childcare Project
Other Grant Income
Rural Microcapital Grnnt Scheme
South & East Cork
Summer Boost Grant
Education Authority Camp Equipment Grant
EH & WB Grant
Health and SociaI Car¢ Board
14,108
7.606
8,253
1,485
1,5(M)
13,805
2,486
3,250
2,438
412,009
345,037
TOTAL INCOME
560J44
588,334
EXPENDITURE
2023
2022
CHARITABLE A￿1VITIEs
Staff cosls - Wages & Salaries
Staff costs - Employer's NIC
Staff costs- Pensions
Establishment - Light & heat
Establishment - Repairs & maintenance
Establishment - InSUra￿e
Establishment - Other
Mileage and Travel
Office expenses- Telephone
Depreciation
Bus Hire
Catering and Activities
Programme Costs
General Expenses
Printing, postage and stationery
Membership
Security
IT- Apps
Volunteer Expenses
Advcrtising
Rent, Rates & Water
Consultancy
Equipment and Materials
Hire of Equipment
344?52
22,893
12,637
46,867
17.606
7,445
5,022
10.015
7,708
90,072
317,841
20.290
12.874
24,678
31,586
6.552
2,516
9,826
6,351
93,186
41?19
38WS
29,403
1,666
2.207
40,937
85,922
22.327
968
520
5,166
10,100
5,420
693
1,797
1093
9.470
556
2,242
720
12060
1.911
5,865
708,049
705,415
GOVERNANCE COSTS
Audit and Accountancy Fees
9J60
9J60
4,580
4,580
33

OTHER EXPENDITURE
Interest Payable and Similar Charges
1,347
2,010
TOTAL EXPENDITURE
718,756
712,005
NET OUTGOING RESOURCES FOR THE
YEAR
(158,412) (123,671)
34

LOUGHGIEL COMMUNITY ASSOCIATION LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2023
2023
2022
CHAIUTABLE ACTIVITIES
Charitable activity
Activilies undertaken dlrectly
Staff costs - Wages & Salaries
Staff costs - Employerfs NIC
Staff costs - Pensions
Establishment - Other
Bus Hire
Catering and Activities
Mileage and Travel
Programme Costs
IT- Apps
Hire of Equipment
344,352
22,893
12,637
5,022
317,841
20,290
12,874
2,516
41J19
10,015
38,805
1,893
1,911
40.937
9.826
85,992
10,100
479227
500,306
Support costs
Bstablishment - Light & heat
Establishment - Repairs & maintenance
Establishment - Insurance
Office expenses - Telephone
Depreciation
General Expenses
Printing, Postage and Stationery
Membership
Renl, Rates & Water
Security
Volunteer Expenses
Advertising
Equipment and Malerials
Consultancy
46867
17.606
7,445
7,708
90,072
29,473
24,678
31,586
6,552
6,351
93,186
22,327
968
520
1,797
5,166
5,420
693
5,865
2242
9,470
556
12,860
720
228022
708,049
205.109
705,415
705,415
708,049
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