LOUGHGIEL COMMUNITY ASSOCIATION LTD
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE
INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 MARCH 2024
UDrestri¢ted
Funds
Restricted
Restrictsd Total Fundy Total Funds
Funds CapllaA Funds
2024
2023
ll¥lCOME FROM
Donations and
legacies
Charitable activitle5
Other trading
activities
Other In¢ome
28,617
70,076
28,617
312?34
32,401
345,037
241,758
500
177,042
177,042
167,135
15.771
TOTAL INCO
275,735
241,758
517993
560,344
EXPENDITURE ON
Charitsble aetivities
Other exp¢nditure
TOTAL
ExPEND￿URE
(391,973)
(1.438)
(172295)
(64,939) (629207) (717.409)
(1,438)
( 1,347)
(393,411)
(172295)
(64,939) {630,645) (718,756)
NET
EXPEND￿uR
MOVEMENT IN
FUNDS FOR THE
YEAR
RECONCILIATION
OF FUNDS
Total fimds brought
forward
(117,676)
69,463
(64,439) (112,652) (158,412)
277,020
30.796
1,629,079
1,936.895
2,095,307
TOTAL FUNDS
CARRIED FORWARD
159J44
100259
1,564,640
1,824243
1.936,895
The Statement of financial 8Ctivities includes all gains and10sses ID the ye8r.
All of the above amounts relate to continuing activities.
The notes on pages 18 to 31 forni an integral part of these fmancial ststements.
15

LOUGHGIEL COMMUNITY ASSOCIATION LTD
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Nots
FIXED ASSETS
Tangible assets
12
1,731,402
1,812,351
CURRE￿ ASSETS
Bank
Debtors
93207
119,394
17
144,569
13
118,980
CREDITORS: Amounts falling due wilhin one
yegr
14
(26,139)
(20,025)
NET CURRENT ASSETS
92Wi
124,544
TOTAL ASSETS LESS CURRE￿ LIABILITIES
1,824243
1,936.895
CREDITORS: Arnounts falling due after more
than one year
NET ASSETS
1024243
1,936,895
FUNDS OF TBE CHAIUTY
Restricted ¢apitsl fund5
Restricted income funds
Unrestricted income funds
TOTAL CHAll￿y FUNDS
16
16
17
l J64,640
100,259
159J44
1,824243
1,629,079
30.796
277,020
1.936,895
The company is entitled to the exemption from the audit requirement contsined in section 477
of the Companies Act 2006 for the year ended 31 March 2024 although an audit has been
carried out under section 65 of the Charities Act (Northern Ireland) 2008. No member of the
eompany has deposited a notlC> piirsuaDt to section 476. requiring an audit of these accounts
under the requirements of the CompaE)ies Act 2006.
The directors acknowledgc thetr responsibilities for complying with the requirements of the
Companies Act 2006 with respect to accountin8 records and th¢ Prep￿￿tIOn of finaThcial
statements.
Tbes¢ financial statements were approved by the members of the committee and authorised
for issue on the 23td January 2025 and are signed on their behalf by:
.4ki a2 CoYt:IIL
Sheree Connolly
Director
Nicole Laverty
Director
Company Registration Number: N1037243
The notes on pages 18 to 31 forni an integral part of these financial statements.
16

LOUGHGIEL COMMUNITY ASSOCIATION LTD
CASH FLOW STATEMENT
AS AT 31 MARCH 2024
2024
2023
￿￿¢5
Cash (used) in operaling activ#les
19
(25,906)
(41,638)
Cusliflowsfroin invesliiix a¢livilies
Purchase of property* plant and equipment
Net C&8h used In Invejting actlvities
{281)
(15,043)
(281)
(15.043)
Cgsh flows from finADcIDg aetlvities
Repayments of bo￿oWIng
Nel Casb ujed in flnancing activities
Net cash (oulflow)
(26,187)
(56,681)
Change in cash in tlie reporting period
Cash at the beginning of the reporting period
CaJh at the end ofthe reportlng perlod
(26,187)
119,394
(56,681)
176,075
93,207
119.394
17

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
ACCOUNIING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation in the pteparation of
the financial statements are as follows:
Basis of prepAration
TSie financial sla¢einents have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended PracliCL applie8ble to charities preparing their accounts in accordance w Ith
die FinaiiLial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiv¢ I
January 2019) (Cliarities 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 liabililies are initially recognised
at historical cost or transaction value unless othcnvise staled in the relevant a¢coun¢ing policy note(s). The
aLCOUI)ts are pi'epai'ed in sterling, which is the functional ctin'ency of Ihe charity. Monetary aniounts in
these fiiian¢ial stateinents are rounded lo the n¢aresl £.
Prcparation of the #eeDunts on a going concern basis
Alt]iough Significant challenges lie aliead ii) facilitsting the transitioning of key employccs, Loughgiel
Coinn)uniLy Association are hopeful of achieving financial stability and a bri¥l)t fulure. Despite the
challenges Loughgiel Community Association remains optimistic and delerniined to overcom¢ th¢se
obstacles.
While the departing employees, expertise will be Missed, we are Confident in the capabilities of our
remaining staff and are actively seckin8 ncw tslent to fjll any gaps. We are oommitted to maintaining the
high standard of service 2nd support that our community has come to expect.
In hddition to addressiiig the gtaff transilions. we are actively pursiiing opportunities to diversify our income
sourc¢s. By exploring grants, fundraistng activities, partnersliips, and other revenue-g¢nernting initiatives,
we aiin to reduc¥ our reliance on a single fiinding sErearn and secui'e the fjnancial Stability needed to thrive.
To support our financial goals, we are inipleinenting efiici¢nt financial management practices, budgets and
budget revieivs, expeiise Inonitoring, and optimi5alion of operational effi¢i¢ncy will ensure ih¢ effective
use of resources. We ale Hlso e.xploring new fundraising eveiits and campaigns to eiigage the cominunity
and rnise funds.
Community engagement and cominunication remain at the forefront of our efforts. We will strengthen our
ommunication channels to keep the community infornied about our activities, iinpact, 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 l¢rni. we are committed to developing a comprehensive financial plaii that includes forecastin8
future fuiidiijg needs, ideiitily'ing pofrntial risks, and setting financial goals. Tliis plan will guide our
decision-making and ensur¢ our f￿anCIal stability in the years to come.
18

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
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 fijnders and the community.
Despite the challenges ahead, Loughgiel Community Association is hopeful and detsrniioed to overcome
them. With the support of our community, partners, and volunteers, w¢ believe that we can build a bright
fijture and achieve fjnancial steadiness for the benefit of all those we serve on this basis the &%sessment of
the trustees is that the charity is a gotng concern.
Fund Aceounting
General ￿ndS are unrestricted ￿ndS which are available for use at the discretion of the Trust¢es in
furtherance of the general objectives of the Charity and which have not been dcsignated for other purpos¢s.
Iksignated fiJnds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes.
Genernl funds may be transferyed to designated fvnds where Trnstses wish to use these fimds 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 fimds are fijnds which are to be used in accordance with specific restrictions imposed by donors
or which have beeii raised by the Charity for particular purposes. The cost of raising and administering
such funds are charged against the SPL¢ifi¢ fund. The aini and use of resti-icted funds is set out in Ilie notes
to the fEnancial stateinents. Restricted funds may onlv be transferred to general or designated funds onc¢
the criteria for restriction have been discharged or no longer apply.
Income Reeognitloll Polieies
Items of income are recognised and included in the accounts when all of the following criteria are met:
The charity has entitlement to the fimds.
any perforniance conditions attached to the item of income has been met or are fiilly
within the conbDI of the charity.
there is sufficient certainty that receipt of the income is considered probablts. And
the amount can be measured reliably.
DonAted serviees And facil1￿¢8
In accordance with tlie Charities SORP (FRS 102), the general volunteer time of supporters is not
recognised.
Interest Receivable
Interest on funds held on deposit is included when ree¢ivable and th¢ amount can be measured reliably by
the charity. this is normally upon notification of the interest paid or payable by the Bank,
ExpeDditure
Expendituie is recognised once there is a legal or constructive obligation to make a payment to a tliird
paty, it is probable that Settlement will be required and the amount of the obligation can be measured
reliably. Expendi￿re is classified under the following a¢tiVlty headings.,
Expenditure on charitable activities undertaken to further the purpose5 of the charity
and their associatsd support costs.
Other expenditure represents those items not falling into any other heading.
19

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
ACCOUNTING POIJCIES (CQRrfRwed)
Allocation of support costs
Support costs are those functions tliai assist the K'ork of the Charity bul do not dii'¢ctly undertake charitable
activities. Support costs include back office costs, finance. personncl, payroll and gO￿¢ManCe costs which
support tlie charitv's progr￿￿1￿¢5 ajid a¢tiv ities. These cost5 have be¢n allocated agFainst eypcnditure on
charitsble activities.
Cash at bank and in hgnd
Cash at bank and cash in hand includes c&qh and short term highly liquid invesbnents with a short maturity
of three months or less from the dat¢ of acquisition or opening the deposit or slmilar account
Fixed Assets
Individual fixed assets are Qapitalised at cost and are depr¢cffiated over their estimated useful economic lives
as follows:
Asset Category:
Annual Rate
Land and Buildings
Plant and Machinery
Fixtures and Fittings
Motor Vehicles
20/0 Straight Line
25 % Reducing Balance
250/0 Reducing Balance
250/0 Reducing Balance
The carrying values of tangible fu(ed &ssets are reviewed for impairment when ev¢nts or cir¢umstances
indicate the carying value may not be rccoverablc.
Debtors
Trade and other debtors are recogniscd at the settlement amount due after any trade discount offered.
Prepayinents ar¢ valued at the amount prepaid after taking account of any trade discount due.
Creditors and Provtslons
Creditors and provisions are recognised where the charity has a present obligation rgsulting from a past
evcnt that wi15 probably result iij rlie transfer of fiinds to a third paty and th¢ ainouiit due to settle the
obligation can be iJieasur¢d or estimaled reliably. Creditors 8nd provisions are nornially recognised at their
settlement amount after allowing for any trade di￿ountS due.
Financial iDslrumeDts
The charity only has financial assets and financial liabilities of a kind that qualify as basic fmaneial
instruments. Basic fii)ancial instruments are initially recognised at tt?nsaction value and subsequently
measured at their settlement value with the exception ol. bank loans which are subsequently Ineasured at
the carrying value plus accrued interest less repayments. The financing Charge to expenditure is at a
constant rate Calculated using the effective interest method
T￿￿tIOn
The company is a registered charity and the charitabl¢ t&x exemptions are therefore being claimed to the
extent tliat income andlor 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.
20

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
q. ACCOUNTINC POIJCIES (Co￿1￿¥£d)
Critical accounting estimatQ8 and judgements
In the application of the Gharity's accounting policies, the trustees are required to make jud8¢ments,
estimates and assumptions about the c2rrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ frotn these estimates.
The estimates and underlying assuniptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognis¢d in the period iii whicli the estimate is reviscd where the revision affects only that
period, or in the period of the revision and fu￿re periods where the revision affects both current and future
periods.
Legal Status of the Cbarity
The Charity is a company limited by guarantee and has no share capital.
DONATIONS AND LEGAaES
Totsl
Funds Unrcstricted ticstricted Total Funds
2024
Funds Funds
2023
Unrestrlcted Restrlcted
Funds
Funds
DoDatloDs
Gruig Community Fund
Oth¢r donations
Altaveedan Wind Fann
Grant
Northern Irel8nd Housing
Executive- COVID 19
Emcrgen¢y Fund
4J12
1,804
4J12
1,804
4,227
780
4.227
780
22,501
22￿1
20,698
20,698
6,696
6,696
28.617
28,617
25.705
6,696
32,401
21

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
INCOME FROM CHARITABLE AcrivrrIES
Unrestricted Restricted
Rutricted
Funds
Funds Capitgl FuDds
Total Funds
2024
Northern Ireland Housing Executive -
Supporting People
DHSS and PS School Aged Children
Fund - Brightstart
North Eastern Education and Library
Board- PEAG
Early Years Pathways
Education Authority
Education Authority Engage
EducAtAon Authority Non Targeted
funding
Causeway Coast & Glens
Department for Communities
BB Health Forum
Out of School Project
Other Grant Income
Northern Health & Social car¢ trust
DAERA
129,441
129,441
24J58
24J58
33,055
16,714
28,641
893
33,055
16,714
28,641
893
2J81
5,675
2,981
5,67S
S.965
2.000
57,689
4,072
350
500
5,965
2,000
57,689
4,072
350
500
70,076
241,758
500
312J34
22

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
INCOlVtE FROM CHARITABLE ACTIVITIES (eonÉiKuedJ
Unrestricted Restrlcted
Restrleted Total Funds
Funds
Funds Capital Funds
2023
Northern Ir¢ldnd Housing Executive-
Supporting People
Northern Ireland HousinB Executive-
Special recognition
Northern Ireland Housiiig Executive-
Homeless Prevention Fund
DHSS and PS School Aged Children
Fund- Brightstart
North Eastem Education and Librnry
Board- PEAG
Early Years Pathway5
Ulster Supported Employment
Education Authority
Education Authority Engage
Education Authority Non Targ¢ted
funding
Causeway Coast & Glens
Department of Education
Departtnent for Communities
BB Health Forum
Out of School ProjeGt
Childcare Project
Oth¢r Grant Incom¢
Rural MA¢rooapital 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
4S,058
4,368
37,231
6,138
38,920
4,368
4,400
4,625
4.400
4,625
3,810
4,633
2,000
27,888
11.411
8,253
1,485
3,810
4,633
2,000
27,888
11,411
8,253
1,485
101.364
242,188
I,485
345,037
23

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
OTHER TRADll¥G A￿1VrrIEs
Unrestricted Total Funds Unrestricled Total Funds
FuDds
2024
Funds
2023
Generated locome
177,042
177,042
167,135
167,l35
OTHER INCOME
UDre$tri¢ted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Insurance Claim
15,771
15,771
COSTS OF CHAR￿ABLE ACTivfTIES BY FUThD TYPE
Restricted
Capital Total Fuods
Funds
2024
Unrestricted Restricted
Funds
Funds
Charitable activity
Support costs
294,579
75,869
370,448
134,603
37,406
172,009
429,182
178,214
64,939
64939
607J96
Unrestricted
Funds
Restricted
Restricted Totsl Funds
Funds Capital Funds
2023
Charitable activity
Support costs
266,763
116,589
383,352
212,464
42,570
479.227
228,822
69,663
69,663
255,034
708,049
24

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
COSTS OF CHARITABLE ACTIVITIES B Y ACTIVITY TYP
Activities
undert4ke
directly
Support Total Funds Totsl Funds
costs
2024
2023
Charitable activity
Governance costs
429,182
178214
21.811
607a96
21,811
629,207
708,049
9,360
717,409
429,182
200,025
OTHER ExPEND￿URE
Unrestrlcted Totydl FuDds Unrestricted Total Funds
Fund8
2024
Funds
2023
Interest Payable and Similar Charges
1,438
1,438
1,347
1,347
NET OtrrGOtNG RESOURCES FOR THE YEAR
This is stated after ch8r8ing:
2024
2023
Depreciation
Auditors, remuneration:
- audit of the financial ststements
81230
90.072
6,540
6,000
10. STAFF COSTS AND EMOLUMENrs
Total sthff costs were 48 follows:
2024
2023
Wages and salaries
Social Security costs
Pensions
335,502
14268
12.179
344,352
22,893
12,637
379,882
361,949
Particulars of employees:
The average nLllnber of employees during the year, calculated on the basis of ￿ll-tiMe equivalents.
was as follows:
2024
No.
24
2023
No.
25
Number of other Staff
No employee received rernuneration of more than £60,000 during the year (2023 - Nil). The ¢mploye¢
benefits of the key managetn¢nt pers07m¢l of the charity totalled £Nil.
25

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
I I. RELATED PARTY TRANSAalONS
The charity was under tbe 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 reiijibursement of expense. remuneration or oth¢r benefit from their
work with che eharity. Any connection between a Trustee or s¢nior managei" of the charity. with
orgaftisations the charity works with must be disclosed lo Ihe full Board of Trustees in thc same
way as any odi¢r Contractual relationship with a related party.
12. TANGIBLE FIXED ASSETS
tAnd And PIAnl and Fixtures &
BuildiDgS Machlnery
Flttings
Motor
Vehicles
Total
COST
At l April 2023
Additions
2,477,648
72298
376366
281
46?5S 2,972J67
281
At 31 March 2024
2,477,648
72298
376,547
46J55
2,972,848
DEPRECIATION
At l April 2023
Charge for the yeer
At 31 March 2024
791,721
49,553
841,274
68,673
907
265,657
27,723
293J80
34,165
3,047
37312
1,160216
81330
1241,446
69,S80
NET BOOK VALUE
At 31 Mareh 2024
1.636?74
1.685.927
2,718
83.167
110,609
9,143
12,190
1,731,402
1,812,351
At 31 March 2023
3.625
13. DEBTORS
2024
2023
Grants Receivable
Other debtors and prePa￿nents
10,296
15,477
13,611
11,564
25,175
25.773
14. CREDITORS: Amounts fallSng due wlthin one y¢ar
2024
2023
Taxation and social security
Other creditors
Accrnals and defeffed income
4,676
13 J63
8,100
2,341
9,710
7,974
20.025
26,139
26

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
15. RESTRICTED CAprrAL FUNDS
BalaDce at
l April 2023
Balance at
Expenditure 31 March 2024
Income
Pernianent restricted
eapital
Restricted Capital FL￿d8
Department of Education
RDP Funding
Clothworker
DAERA
HE
Causeway Coast & Glens
Rural Mico Capital Grant
1,128245
38,600
168.073
725
224,058
9O75
58,411
lJ92
1,629,079
(39,571)
(871)
(15,945)
(445)
(3955)
(2,587)
(1217)
(348)
(64,939)
1,088,674
37,729
152,128
280
220,603
6,988
57,194
1,044
1564,640
500
soo
Balance at
l April 2022
BalaD¢e at
Expenditure 31 March 2023
Income
PermaneDt restrieted
capital
Restricted Capltal Funds
Department of Education
RDP Funding
Clothworker
DAERA
1.167,912
39,471
187,817
1,318
228,087
13,024
59,628
(39,667)
(871)
(19,744)
(593)
(4,029)
(3.449)
(1,217)
(93)
1.128,245
38,600
168,073
725
224,058
9,575
58,41 I
1.392
Causeway Coast & Glens
Rural Mico Capital Grant
1,485
1,697.257
1.485
(69.663)
1,629,079
16. RESTRICTED INCOME FUNDS
Balance at
l April 2023
BalaDee at
Expenditure 31 Mareb 2024
Income
NIHE Supporting People
Northern Ireland Housin
Executive- Homeless Prevention
Fund
DHSS and PS School Aged
Children Fund- Brightstart
Children in Need
Education Authority
Education Authority Engage
North Eastern Education and
129,441
(37,881)
91060
5248
(5248)
24?58
(24,358)
(442)
(28.641)
(893)
(26 J04)
442
28,641
893
33,055
1948
8,699
27

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Library Board- PEAG
Lottery Fund
Causeway Coast & Glens
Education Authority Non
Targeted funding
Northern Ireland Housing
Executive- Supporting People
Programme- Provider Innovation
Fund (PIF)
Northern Ireland Housing
Execulive- Supporting People
Programme- C19RF
Early Years Pathways
South & East Cork
12,775
586
(12,775)
(6261)
5,675
2981
(2,981)
lJ34
(1,534)
7JlS
(7J15)
(16,714)
(748)
16,714
748
30,796
241,758
(172,295)
IOOa59
Balance at
l AprAI 2022
BalAnce At
Expendlture 31 Mv4rch 2023
Ineome
MHE Supporting People
Early Years
Northern tr¢land Housing
Executive- Special recognition
Northcrn Ireland Housing
Executive- Homeless Prevention
Fund
DHSS and PS School Aged
Children Fund- Brightstart
Children in Need
Education Authority
Education Authority EngAge
North Eastern Education and
Library Board- PEAG
Lottery Fund
Causeway Coast & Glens
Education Authority Non
T￿geted funding
Northern Ireland Housing
Executive- COVID 19
Emergency Fund
North¢rn Ir¢land Housing
Executive- Supporting People
Programme- Provider Innovation
85,945
(85,945)
1,790
( 1,790)
37,319
(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
586
4,625
4,400
(4,400)
6,696
(6,696)
2,045
28
(511)
1.534

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Fund (PIF)
Northern Ireland Housing
Executive- Supporting P¢ople
Progrdmme- C19R
Early Years Pathways
Getting Ready to Learn
South & East Cork
12,704
(5,189)
(22,498)
7.515
22.498
1,195
(447)
748
36,946
248,884
(255.034)
30.796
29

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
17. UNRESTRICTED INCOME FUNDS
Balallce at
l Apr2023
BalaDee at
Expenditure 31 MAr 2024
Income
General Funds
277,020
275.735
(393,411)
159?44
Balance at
l Apr 2022
Balance at
31 Mar 2023
Income
Expendi￿re
General Funds
361,104
309,975
(394,059)
277,020
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tanglble
tlxed A88ets Net Assets
Total
Restricted Lncome Funds:
Northern Ireland Housing Executivc Supporting
People
North Eastern Education and LTbrary Board- PEAG
91,560
8,699
91,560
8,699
100,259
100,259
Restricted Crdpital Funds:
Restrictsd Capital Funds
Department of Education
RDP Funding
Clotliworker
DAERA
NIHE
Causeway Coast & Glens
Rural Mico Capital Grant
1,088,674
37,729
152,128
280
220,603
6,988
57.194
1.044
1,088,674
37,729
152,128
280
220,603
6,988
57,194
1,044
l J64,640
159J44
1,824,243
lJ64,640
166.762
Unrestricted Income Funds
(7A18)
92,841
Tolal Funds
1,731.402
30

LOUGHGIEL COMMUNITY ASSOCIATION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
19. RECONCILIATION OF IYET OITfGOING RESOURCES TO IYET CASH OUTFLOW
FROM OPERATING AcTIv￿lEs
2024
2023
Net movement iii funds for the reporting p¢riod (SOFA)
Depreciation on tangiblt fixed assets
(Iiicrease
I decrease in debtors
Increase
(decrease) in creditors
(112,652)
81,230
(598)
6.114
(158,412)
90,072
39,487
(12,785)
Net cash provided by (used in) operating activities
31