ocuslgn Envelope ID.. E625A75A-SCDD-4F57-AF93-E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 Restated Resti'icted Resti'ieted Total Funds Total Funds Funds Capital Funds 2025 2024 Unrestricted Funds Note INCOME FROM Donations and legacies Charilable activities Othei. ti'ading activities Other Income 27,723 95,714 27,723 295,653 28,617 312,334 195,939 4,000 167,526 167,526 177,042 TOTAL INCOME 290,963 195,939 4,000 490,902 517,993 EXPENDITURE ON Chai'itable activities Other exp¢nditure TOTAL I XPENDITURE (285,665) (1,465) (213,010) (61,400) (560,075) (629,207) (1,465) (1,438) (287,130) (213,010) (61,400) (561,540) (630,645) NET EXPENDITURE AND NF.T MOVEMW,NT IN FUIYD.8 FOR THE 3033 (17,071) (57,400) (70,638) (112,652) RF,CONCILIATION OF FUNDS Traiisfei's Total fiiiids bi'ought forward (17,940 17,946 259,603 1,564,640 1,824,243 1,936,895 TOTAL FUNDS CARRIED FORWARD 245,490 875 1,507,240 1,753,605 1,824,243 The Statement of financial activities includes all gains and losKs in the year. All of the above amounts relate to continuing activities. The notes oil pages 20 to 33 forni an integrnl part of these financial stateinents. 17
Docusign Envelope ID.. E625A75A-SCDD-4F57-AF93-E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD BALANCE SHEET AS AT 31 MARCH 2025 Restated 2024 2025 Note FIXED ASSETS Taiigible assets 12 1,680,497 1,731,402 CUR1 NT ASSETS Bank Debtors 103,588 93,207 13 119,939 118,980 CREDITORS: Amounts falling duc iyithin one year 14 (46,831) (26,139) NET CUIIRENT ASSETS 73,108 92,841 TOTAL ASSETS LESS CURRENf LIABILITIES 1,753,605 1,824,243 CREDITORS: Amounts falling due After more than one yeAr NET ASSETS 1,753,605 1,824,243 FUNDS OFTHE CHARITY Restricted capital funds Restricted incoine fLinds Um'estricted income funds 16 16 17 1,507,240 875 245,490 1,564,640 259,603 1.824,243 TOTAL CHARITY FUNDS 1,753,605 The company is entitled to the exemption from the audit reqiiireinent coiitained in section 477 of the Coiiipanies Act 2006 foi. the year ended 31 March 2025 allhoLigli ali audit has been cai'i'ied oiit under seclioii 65 of the Chai'ities Act (Northern lIEland) 2008. No membei. of the company has deposited a notice, pui'siiant to section 476, requiring an audit of these accounts under the itquii'emeiits of the Companies Act 2006. The dii'ectors acknowledge their responsibilities for complying with the requireinents of the Companies Act 2006 witli resct to accouiiting records and the preparation of financial statements. These fmancial stalemeiits were approved by the inembers of the committee atKt authorised foi. issue aiid air signed on their bel)alf by: Geral'd Mccloskey Directoi. Date,. 16 Decembei. 2025 Sean McNaughton Dii'eclor Dale: 16 December 2025 Compaiiy Registration Nuinber: N1037243 The notes on pages 20 to 33 forni an integ[ part of these fitwicial stateinents. 18
ocuslgn Envelopg ID.. E625A75A-5CDD4F57-PF9>E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD CASH FLOW STATEMENT AS AT 31 MARCH 2025 2025 2024 Nofes Casli generaleilfroNI / (iised) iii operallng ftctlvlties 19 33,669 (25,906) Cashflo)v.vfroiii invesliiig acllvilies Purchase of property, plaiit aiid eqiiipment Pi'oceeds on disposal of fixed ass¢ts (27,288) 4,000 (281) Net Cash used in investing activities (23288) (281) Nel cosli infloiv / (oiitfloiv) 10,381 (26,187) Change in cash in the repoiting period Cas11 at the beginning of the reporting period Cash At the end of the repoi'tlng period 10,381 (26,187) 93207 119,394 103,588 93,207 19
Docusign Envelop2 ID: E625A75A-5CDD4F51-AF9&E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOIINTING POLICIKS The priiicipal accounting policies adopted, judgemenls and key sources of estimation in tlie prepai'ation of the financlal statement5 are as follows: Basis of preparatlon The financial statements hav¢ been prepared in accordanc¢ with AccouJJting and Reporting by c11,[ties. Statement of Recommended PJ7ctic¢ applicable to Chariti prepariiig their accounls in accordance with the Finaiicial Reporting Standaixj applicable in ihe UK and Republic of Ireland (FRS 102) (effective I Januaiy 2019) (Chai-ities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and tli¢ Coinpaiiies Act 2006. The charity is a Piiblic Benefit Entity as defined by FRS 102. Assets and liabilities are initially i'ecognised at historical cost or transaction value iinless otherwise stated in the IElevant accountiiig policy note(s). The accounls aye prepai'ed in sterling, which is the fuiictional cui'ren¢y of the charÉty. Monetary amounts in these finaiicial slatcinenls air roiinded to the Iieai'est £. Preparation of tl)e accounts on a going concern basts The financial statements liave been prepaied on the going concern basi5. In assessiiig whethei. Ihe going coiicei'n basis i'emains appi'opriate, Ilie directors Iiave considered the Association's ciii'rent financial position, recent incoine generation and cost inanagement and forecast cash flows for a period of at least twelve inonths from tlie date of approval of these financlal statements. The Boai'd are aware of certain material uiicertainties whicli may cause doubt iipoii tlie Association's ability to continLie as a going concern whicli includes stabilising its sei]ior management teain and oversight pi'ovided by the newly appointed Board of Trustees. The Boai'd air confident that they can meet Iheir day-to-day liabilities as Ihey fall due, however accept that theJE ait sevei'al conliiigent liabilities whicli n)ay draw on Ihe Association's cash witliin the foreseeable future, i'efer to note 20. Although significant cliallenges lie ahead in facilitating the transitioning of key einployees, Loughgiel Coinmiiiiity Association Lld are cominitted to achieving financial slability aiid a briglit fuliiiE. Despite Ihe chal lenges Loiighgiel Comniunity Associatioji Lid remains opliinistic and deteiiniiied to overcoine these obstacles. While Ilie departing einployees, expertise will b¢ missed, we ale confident iii the capabilitics of our reniainiiig staff and are actively seeking iiew talent to fill any gaps. We are cominitted lo inaintaining the high standai'd of service and suppoit tllat oiir cominunity has Coine lo expect. Iii addition to addressing tlie staff transitions, we are actively pursuing opportunities to diversify our income souices. By exploi'ing gi'ants, fundraising aclivities, paitiierships, and other i'evenue-genei'ating initiatives, we aim to rediLce our reliance oil a single fuiiding Stren wid seclire the fiiiancial stability needed to thrive. To support our finaiicial goals, we are iinplemei)ting efficient financial manageinent pi'actices, biidgels and budget IEVl¢WS, expense monitoi'ing, and optimisation of opeiational cfTiciency will ensui'e the effective use of resources. We al'e also exploi'ing new funth'aising eveiits and CaMpai]S to eiigage the coininunity and raise funds. Coininunity eiigagement and communication remain at the forefi'ont of our efforts. We will 8trengÈlien oui. coinmunication channels to keep the commuiiity iiifornied about Qui. activities, inipact, and financial needs, By fostei'ing a sense of ownership and involveinent, we alln to build stlDng support aiid engageinent from the community and stakeholders. 20
Qocusign Envelope ID: E625A75A-5CDD4F57-AF93-E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Preparation of the aceollnts on a going eoncern basis (Continued) In the long tei'in, we air committed to developing a coinprehensive financial plan that iiicludes forecasting future fiinding needs, identifying poteiitial risks, and setting financial goals, This plan will guide our decision-making and en5uI'e our fiiiancial stability in the years to come. Loughgiel Commiinity Association remains dedicated to m¢asuring and reporting on the impact of our woi'k. By showcasing the positive outcoines and value we create, we aim to demonstrate our effectiveness and attract continued support froin funders and the coininunity. Despite the challeiiges ahead, Loiighgiel Community Association is coiifjdent aiid detennined to overcome them. Witli the support of our commiinity, partners, and volunteers, we believe that we can build a bright fiJtuiE and achi¢ve financial steadiness for the benefit of all those we serve on this basis the assessment of the triistees is that the charity is a going concern. Fund Accounting Genei'al fiinds al'e iinrestricted funds which are available for use at the disciEtion of the Trustees in fiiitherance of tlie genei?l objectives of the Chariiy and wliich have not been designated for other pui'poses. Designated funds comprise unrestricted funds that liave been set aside by the Trustees for particul. pui'pos¢s. Geiieral funds Inay be transfen'ed to designated fLinds where Ti'ustees wish to iise tl)ese funds for a specific piii'pose. Sucli funds may be transferred back to g¢nei'al funds onc¢ the ci'itei'ia for the deSIat10n have been met or are no longer applicable. Restricted fiinds aiE funds which are to be used in accordance with specific restrictions imposed by dono13 oi, which have been raised by the Charity for paiticular piirposes. The cost of I'aising and administeriiig SLich funds al'e charged agaiiist the specific fund. The aim and use of restricted fliiids is sel oiit in the notes to the financial statemenls. Resti'icted funds may only be transfei'red to general oi. designated fiinds once tlie critei'ia for i'estriction have been dischai'ged or no longer apply. Income Recognition Policies Items of income are recognised and included in the accounls when all of the following ci'iteria al'e met,. The charity has entitlement to the funds; aiiy perfonnance conditions attaclied to the item of income has been Inet or are fully within tlie control of the charity. there is sufficient certainty that receipt of the income is considered probable. and the ainouiit can b¢ measiired reliably. Don8ted services and facilities In accoi'dance with the Cliarities SOIIP (FRS 102), the general volunteer time of supporters is not l'ec011Sed. Interest Receivable Enterest on funds held on deposit is included when receivable and tlie amount can be mcasiired reliably by the chai'ity- this is nonnally upon notification of the intei'&8t paid oi. payable by the Baiik. 21
Docuslgn Envelo ID.. E625A75A-5CDD-4F57-AF93-E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (etviilliiNed) Expenditure Expenditure is reColis¢d once there is a legal or constructive obligation to inake a payinent to a third party, it is probable that settlement will be I'eqiiired and the ainount of Ilie obligation can be measured reliably. Expenditure is classified under the following activity headings: Expenditure on charitable activities undertaken to further the purposes of the chai'ity and tlieii. associated support costs. Other expetiditiire r¢presenls those items not falling into any othei. heading. ARlocation of support cost5 Siipport costs al'e those fiinctions thal assist the work of the charity but do not directly undertake chai'itable activities. Support costs include back-offi¢e Sts, fmance, personnel, payroll and governaiice costs wliich suppoit Ihe charity's programmes and activities. These costs have en allocated against expeiidiliii'e on cliaritable activities. Cash at banli and in liand Cash at baiik and cash in hatid includes cash and short term highly liquid investineiits with a short Inatiirily of thi'ee months oi. less from the date of acquisition or opening the deposit or similai- account Fixed Assets Individual fixed assets are capitalised at cost and are depreciated ovei. their estiinated useful econoinic lives as follows,. Asset Categoi'y: Annual Rate Laiid and Bliildings Plant and Machineiy Fixtures and Fittings Motor Vehicles 2Yo Straight Line 250/0 Rediicing Balance 250/0 Reduciiig Balance 250/0 Reducing Balance The cariying valiies of tangible fixed assets ar¢ reviewed for iinpairineiit when events or cii'cuinstances indicate the cai'iying value inay not be recoverable. Deblors Tiade and other debtors ait recognised at the settlement amouiit due after any ts?de discount offered. Pi'epaym¢nts aiE valued at the amoiini prepaid after tsking account of any trade discount due. Credilors and Provisions Ci'editoi's and provisions are recognised where th¢ charity a present obligation resulting from a p&8t event that will probably result in th¢ ti'ansfer of fiinds to a third party and the ainouiit due tQ Settle tlie obligation can be measurcd or esliimated reliably. Creditols and provisions are noiinally recognised at theii, settlement ainoiint aftei. allowing for any trade discoiinls due. Financial instruments The chai'ity only has financial assets and financial liabilities of a kind that qualify as basic financial instl'Ltmeiits, Basic financial instriiments are initially recognised at transactioii valLie and siibsequently iJ]easiii'ed at their settlement value with the exceptioii of bw]k loans which ait subsequciitly ineasured at the carrying value plus accrued inteiEst less repayments. The fin]C1ng cliai'ge to expeiiditure is at a constant l'ate calculated iising the effective interest method
t)octJsign Énvelope ID.. E625A75A-5CDD4F57-AF9&E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 AccouNfiNG POLICIES (eoiiliNiier4 Taxation Tlie company is a registered charity, and the charitable tax exemptions are thei'efor¢ being claiined to the extent tliat income aiidlor gains are applicable and applied to charitable purpos¢s only, These exeinptions will reinain in place as long as incoine aiid expenditui'e is applied to charitable piirposes only. CriticAI Accounting estimates and judgements In the applicalion of the charity's accounliiig policies. tlie trustees are required to make judgements, estimates and assumplions about the cairyiiig Ount of assets and liabilities tliat are not IEadily apparent from otlier sources. The esliiJates and associated assumptioiis al'e based oil historical experience and other factoi3 that aTe considered to be relevant. Actual results n]ay difTer fi'om these estiinates. The estiinates and undcrlying assumptions al'e reviewed on an ongoing basis. Revisioiis to accounting e5tiniates are recognised in the period in wliich tli¢ estiinate is i'evised wher¢ the revision affects only that period, oi. in the period of ihe revision and fiiture periods whei'e the revision affects both ¢uiYent aiid fiiture periods. Legal Status of the Charlty The chai'ity is a company limited by guarantee and has no share capital. DONATIONS AND LEGACIES TolHI Funds Unrestricted Reslricled Total funds 2025 Funds Funds 2024 Unrestrlcted Restrlcted Funds Funds Donlltions Gruig Community Fund Other donations Altaveedan Wind Fami Grant 4,398 4,398 4,312 1,804 4,312 1,804 23,325 23,32S 22,501 22.501 27,723 27,723 28,617 28,617 23
Docuslgn Envelope ID.. E625A75A-5CD04F57-AF93-E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 INCOME FROM CHAIUTABLE AcrivrrIES Unrestricted Restricted Rostricted Funds Funds Capital Funds Total Funds 2025 Northern Ireland Housllig Executive- Suppoiting People D14SS and PS School Aged Children Fund- Brightstart Childcare incoinc Early Years Pathways Ediication Autliority Ediication Authority - 8F.N Norlli Ea.8tcrn Education and Libi'ary Board- PEAG Causeway Coast & Glens Departinent for Coinmunities USEL Oul of School Project Other Grant Income 79,678 79,678 17,425 17,425 12,701 18,714 38,684 5,518 12,701 18,714 38,684 5,518 34,545 1,375 34,545 5,375 4,000 32,773 49,239 I,ooi 32,773 49,239 1,001 95,714 195,939 4,000 295,653 Unreslricted Restricted Restricted Total Funds Funds Funds Capital Funds 2024 Northern Ireland Hoiising Execulive - Suppoiling People DHSS and PS School Aged Children Fund - Bi'iglitstart Noi'th Eastei'n Ediication and Library Boai'd- PEAG Early Years Patliways Ulstei, Suppoited Employment Education Autliority Education Authoi'ity Engage EdLication Aiithority NoAI-Targeted fiinding Causeway Coast & Gl¢ns Depaitinent of Education Depai'tment for Cominunities BB Heallh Foriim OLIt of School Project Childcai'e Pi'ojecl Otlier Grant Incojne Noi'thern Health & Social care trust DAERA 129,441 129,441 24,358 24,358 33,055 16,714 33,055 16,714 28,641 893 28,641 893 2,981 5,675 2,981 5,675 5,965 2.000 57,689 5,965 2,000 57,689 4,072 350 4,072 350 500 500 70,076 241,758 500 312,334 24
t)ocuslgr) Envelope ID: E625A75A-SCDD-4F57-hF93-E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 OTHER TRADING AcfIviTIES Unrestricted Total Funds UJu¢stricted Total Funds Funds 2025 Fuiids 2024 Gencrated Income 167,526 167,526 177,042 177,042 OTHER INCOME Unrestricted Total Funds Ui]resti'icted Total Funds Funds 2025 Funds 2024 Insurance Clain] COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE Restricted Capital Total Funds Fund8 2025 Unrestricted Restricled Funds Funds Chai'itable activity Support costs 205,459 65,968 202,926 10,084 213,010 411,021 134,816 545,837 61,400 61,400 271,427 Rcstated Restricted Restricled Total Fiinds Funds Capital Funds 2024 Unrestricted Funds Charitable activity Siippoit costs 194,320 75,869 270,189 234,862 37,406 272,268 429,182 178,214 607,396 64,939 64,939 25
Docustgn Envelope ID.. E625A75A-5CDD-4F57-AF9&E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 COSTS OF CHARrrABLE ACTIVITIES BY Acrtvrry TYPE Activities undertaken directly Restated Support Total Funds Totgl Fiinds costs 2025 2024 Charitable actlvlty (note 6) Govei'iiance costs 411J53 134,484 14,238 148,722 545,837 14,238 607,396 21,811 629,207 411,353 560,075 OTHER EXPENDrruRE Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 IiiteiEst Payable and Siniilar Charges 1,465 1,465 1,438 1,438 NFT OUTGOING RESOURCES FOR THE YEAR This is stated after charging.. 2025 2024 Depirciation AuditOl'S' IEmiineration: audit of the financial statements 76,859 81,230 6,540 6,540 10. STAFF COSTS AND EMOLUMENTS Total stxffcosts were as follows: 2025 2024 Wages and salaries Social s¢¢urity costs Pensions 292,857 20,658 13,895 355,502 14,268 12,179 381,949 327,410 Particulars of employees: The average nuinber of employees dui'ing th¢ year, calculated on the basis of full-time equivalents, was as follows: 2025 2024 Nlimber of other staff 29 24 No employee received reinuneration of more than £60,000 during the year (2024 - Nil). Tlie employee beIiefils of th¢ key management peisonnel of tlie charity totalled £Nil. 26
ocusign Énvelope ID: E625A75A~5COD4F57-AF93-E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 11. RELATED PARTY TRANSAcfioNS The chaiity was under the conti'ol of the board of trustees througllout the y¢ar. There are no related P'ty Iransactions to disclose under FRS 102. None of the Trustees rec¢ive reimbursement of expense, r¢muiieratioii oi. oth¢i' beiiefit fi'om their work with tlie charity. Any coimection between a Trustee oi. senior Inanagei. of the chai'ity Witli organisations ihe charity woi'ks with must be disclosed to tlie full BO.d of Ti'ustees in tlie same way as any other coiitractual relationship with a related party. 12. TANGIBLE FIXED ASSETS Land and Planl and Fixlllr & Buildings Machinery Filtings Motor Vehicles Total COST At l April 2024 Additions Disposals At 31 March 2025 2,477,648 72,298 376,547 27,288 46,355 2,972,848 27,288 (7,500) 2,992,636 (7,500) 38,855 2,477,648 72,298 403,835 DEI PRECIATION At l April 2024 Charge for thc year Depreciation on Disposals At 31 March 2025 841,274 49,553 69,580 680 293,380 24,674 37,212 1,952 1,241,446 76,859 (6,165) 32,999 (6,165) 1,312,140 890,827 70,260 318,OS4 NEIT BOOK VALUE At 31 Mareh 2025 1,586,821 1,636,374 2,038 2,718 85,781 83,167 5,856 9,143 1,680,497 1,731,402 At 31 March 2024 13. DEBTORS 2025 2024 Grants Receivable Other debtors and prepayments 5,269 11,082 16,351 10,296 15,477 25,773 27
Do¢uslgn Envelope ID.. E625A75A-5CDD4F57-AF93-E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 14. CREDITORS: Amounts falling due within one year 2025 2024 Taxation and social security CIEditors Acci'uals aiid deferred income Other ci'editors 10,884 8,213 8,100 19,634 4,676 13,363 8,100 46,831 26,139 16. RF.8TRICTED CAPITAL FUNDS Balance at l April 2024 Balance at Expendilure 31 Marcb 2025 Income Permanent restricted capital Restricted Capital Fiinds Department of Ediication RDP Fuiiding Clotliwoi'ker DAERA NIHE Caiis¢way Coast & Glens Rural Mico Capital Grant 1,088,674 37,729 152,128 280 220,603 6,988 57,194 1,044 (39,498) (871) {13,095) (280) {3,858) (1,940) (1,597) (261) (61,400) 1,049,176 36,858 139,033 216,745 5,048 59,597 783 4,000 1,564,640 4,000 1,507,240 Balance at l April 2023 Balance at Expenditui'e 31 Mai'ch 2024 Income Permanent restricted capital Rcstricted Capital Fiinds D¢partinent of Education RDP Funding Clothworker DAERA HE Causeway Coast & Glens Rui'al Mico Capital Grant ,128,245 38,600 168,073 725 224,058 9,575 58,411 1,392 (39.571) (871) (15,945) (445) (3,955) (2,587) (1.217) (348) 1,088,674 37,729 152,128 280 220,603 6,988 57,194 1,044 500 1,629,079 500 (64,939) 1,564,640 28
Pocussgn Envelope ID.. E625A75A-5CDtHF57-AF93-E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 16. RESTRICTED INCOME FUNDS Balance at l April 2024 Balance at Transfers 31 Mai'ch 2025 Income Expenditure NIHE Siipporting People DHSS alld PS School Aged Childi'eii Flind- Briglitstart Ediication Auiliority Education Aiithoi'ity - SEN North Eastern Education and Libi'ary Board - PEAG Causeway Coast & Glens Eai'ly Years Pathways 79,678 (97,624) 17,946 17,425 38,684 5,518 (17,425) (38,684) (5,518) 34,545 1,375 18,714 (34,545) (500) (18,714) 875 195,939 (213,010) 17,946 875 29
Docuslgn Envelope ID: E625A75A-5CDD-4F57-AF93-E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 16. RESTRICTED INCOME FUM)S (continued) Balance at 31 March 2024 (Restated) Balanee At l ApR'il 2023 Income xpenditure NIHE Supporting People Early Years Nortliei'n li'eland Hoiisiiig Executive - Special iecognition Northern Ireland Housing Exe¢utive- Homeless Prevention FLind DFISS and PS School Aged Chlldi'en Fiind - Bi'ighislart Childi'en in Need Education Authority Education Authority Engage Noith Eastern Education and Libiai'y Boai'd- PEAG Lottery Fund Caliseway Coast & Glens EdLication Authority Non Tai'geted fLtnding Noithern li-eland Hoiising Executive - SLlPPOlting People Progi'ainme - Provider Innovation Fuiid (PIF) Norlheni Ireland Housing Executive - Suppoiting People Pi'ograinme - C19RF Early Yeais Pathways Getting Ready to Learn South & East Cork 129.441 (129,441) 5,248 (5,248) 24,358 (24,358) (442) (28,641) (893) 442 28,641 893 1,948 12,775 586 33.055 (35,003) (12,775) (6,261) 5.675 2,981 (2,981) 1,534 (1.534) 7,515 (7,515) (16,714) 16,714 748 (748) 30,796 241,758 272,524 30
tJo¢uslgn Envelope ID: E625A75A-5CDD-4F57-AF9>E6AOSE27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 17. UNRESTRICTED INCOME FUNDS Balance at l Apr 2024 Balance at Transfers 31 Mar 2025 Income Expellditure General Fuiids 259,603 290,963 {287,130) (17,946) 245,490 Rcstated Balaiice at 31 Mar 2024 Balance at Apr 2023 Incoine ExpenditUTe General Funds 277,020 275,735 (293,152) 259,603 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible rixcd assets Net Assets Total Restricted Income Funds: Noithein Ireland Housing Executive Supporting People Causeway Coast & Glens 875 875 875 875 Restricted Capltal Funds: Restricted Capital Funds Depai'tineiit of Education RDP Fundiiig Clothwoi'ker DAERA NIHE Causeway Coast & Glens Rural Mico Capital Gi'ant 1,049,176 36,858 139,033 1,049,176 36,858 139,033 216,745 216,745 5,048 59,597 783 59,597 783 1,507,240 173,257 1,507,240 245,490 1,753,605 Unrestiicted Income Fiinds 72,233 73,108 Total 2025 Funds 1,680,497 31
Docuslgn EnveliTrpe ID: E625A75A-5CDD4F57-AF9>E6AOSE27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Taiigible rixcd assets Net Assets Restated Total Restrieted Incolne Funds (as restated): Noi'thei'ii Ireland Housing ExecLltive Supporting People North Eastem Education and LTbrary Board- PEAG Restricted Capital Funds: Resli'ict¢d Capllal Funds Dcpai-lment of Education RDP I;unding Clotliwork¢r DAERA NIHB Causeway Coast & Glens Rural Mico Capital Grant 1,088,674 37,729 152,128 280 220,603 6,988 57,194 1,044 1.564,640 166,762 1,088,674 37,729 152,128 280 220,603 6,988 57,194 1,044 1,564,640 259.603 Uni'esti'icted Income Funds 92,841 Total 2024 Funds 1,731,402 92,841 1,824,243 19. RECONCILIATION OF NET OUTGOING RESOURCES TO NE(T CASH OUTFLOW FROM OPERATING ACTIVITIES 2025 2024 Net moveinent in funds for the reporting period (SOFA) Depi'eciatioii on tangible fixed a55Cts t)ecrease l (increase) in debtors Iiicrease in creditors Gain on disposal of fixed assets {70,638) 76,859 9,421 20,692 (2,665) (112,652) 81,230 (598) 6,114 Net Cash provided by (used in) operating activities 32
Dowslgn Énvelope ID.. E625A75A-5CDNF57-AF9&E6A05E27855F LOUGHGIEL COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 20. CONTINCLI NT LIABILITIES The newly appointed trusteesldirectors have considered the existeiice of aiiy potential contingent liabilities, and this J'eview is cunrntly ongoing and cannot be estiniated with i'e8soiiable certainty at this time, 21. COMPARATIVE INFORMATION Certain Comparative inforniation li&% been restated lo reflect a misallocation ofcosts to the wrong fund. Tliese restatetneiits have had an impact on tlie following balaiic¢s: As reported 31 Mah 2024 As restated l April 2024 Adjusttnent Expenditui'e on charitable activity (Restricted) Expenditure on charitable activity (Unrestricted) Rcstricted income funds Unrestricted income fiinds 134.603 294,579 100,259 159,344 100,259 (100,259) (100,259) 100,259 234,862 194,320 259,603 33