COMPANY REGISTRATION NUMBER: N1063910 CHARITY REGISTRATION NUMBER: XT1572 Lagan Valley Regional Park Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 AUBREY CAMPBELL & COMPANY Chartered Accountsnts & Registered Auditors 631 Lisburn Road Belfast BT9 7GT
Lagan Valley Regional Park Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 18 Notes to the detailed statement of financial activities 19
Lagan Valley Regional Park Limited Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial ststements of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name Lagan Valley Regional Park Limited Charity registration number XT1572 Company registration number N1063910 Principal office and registered 3 Lock Keeper's Lane offjce Milltown Road Belfast BT8 7xr The trustees Mr A Martin Mr M Murray Mr D Hughes Mr C SomeNille Councillor G McAteer Chi Ting Yip Councillor U Mackin Ms G Daly Mr T Duffy Dr B Simon Mr C Kinney Ms S Mcclintock (Retired 12 November 2024) (Retired 12 November 2024) Company secretary Dr Andy Bridge Independent examiner John Magee Aubrey Campbell & Company 631 Lisburn Road Belfast BT9 7GT Structurei governance and management The Board is made up of public representatives from Belfast City Council (BCC). and Lisbum and Castlereagh City Council {LCCC), and individuals with a particular interest in the environment and conservation. Under the guidance of a Chairman, each Director is charged with governance over the operation of the Regional Park, maintenance of its assets and welfare of its staff. There are four Board Subcommittees.. Audit and Risk; Finance and Strategy- Selection and Planning and a Biodiversity working group. A Company Secretary is responsible for administering company matters. The Board meet regularly throughout the year. An effective structure runs the Park on a day lo day basis. The Management Committee (including related stakeholder representatives) and Park Manager are supported by the relevant functional heads in LCCC and BCC. The Park Manager in turn manages the operational and administrative staff.
Lagan Valley Regional Park Limited Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (contlnu¢dJ Year ended 31 March 2025 Objectives and activlties All of the Park's objectives and activities are underpinned by the Board and staffs desire to promote the Park to visitors, thus ensuring its long term future. The organisation's strategy document and management plan outline the long term sustainability of the Regional Park and AONB. The key long term strategic focus areas are Biodiversity, Heritage, Visitors, Community. Landscape. and Health and Recreation. These themes are reflected in Ihe five year management plan, covering 2023 to 2028. The plan focuses on tasks such as biodiversity monitoring. enhancement and protection through practical conservation of woodland. wetland, wildflower meadow and hedgerow, to extensive suNey work of key fauna including bees, butterflies. wildfowl and small mammals. The Park actively promotes and protects the built and cultural heritage of the area and is exploring the potential to uncovering the archaeological aspects of the area with a proposed audit of archaeological features in the Park from which a a larger project may develop. The team also covers aspects of recreational planning and support for a range of diverse park users and visitors. In built planning, the Regional Park ensures adherence to planning policy to preserve the Park's charactef. landscapes and biodiversity. This year, it responded to 12 planning consultalions, as well as contributing to several strategic consultations affecting the Park and the wider countryside. The Park continues to maintain over 47km of paths to make the Park accessible to the general public, to investigate the possibility of physical links to other conservation areas, and to further enhance the existing towpath. Park management is also focused on ongoing practical works. aimed at the conservation of rare species and habitats, whilst sympathetically improving the aesthetics of the Park. This includes developing biodiversity by way of promoting and protecting priority species. through tackling invasive species via a separate initiative, and by protecting and creating existing and new habitats. Achievements and performance The Regional Park continues to welcome large numbers of visitor with 1.3 million visitors recorded this year. This makes it the most visited ouldoor visitor attralOn in Northem Ireland. The Management Team is focused on balancing the opportunities of these high visitor numbers along side the challenges presented in temis of pressure on resources and user needs.
Lagan Valley Regional Park Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 Financial review Core costs are tightly controlled with the majority of the budget associated with stsff and volunteers. In relation to the 2024-25 financial year, core funding for the Regional Park was provided by BCC and LCCC. with additional amounts from the Department for Communities and the final legacy payment from the Heritage Lottery Fund. Regreffully, funding received in previous years from the Department for Infrastructure and the Northern Ireland Environmental Agency was withdrawn. This, in conjunction with a substantial increase in the cost of direct charitable activities and support costs, led to the retum of significant losses. The Trustees and management are cognisant of the effect that the outcome of the 2024-25 financial year has had on reserves held by the Regional Park. and they are actively seeking alternative and additional sources of funding. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Lagan Valley Regional Park Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontinu) Year ended 31 March 2025 The Irustees, annual report was approved on 22 September 2025 and signed on behalf of the board of trustees by: Mr A Martin Trustee Mr M Murray Trustee Mr D Hughes Trustee Mr C Somerville Trustee Chi Ting Yip Trustee Councillor U Mackin Trustee Ms G Daly Trustee MrTDuffy • Trustee Mr C Kinney Trustee Ms S Mcclintock Trustee DrAndy Bridge Charity Secretary
Lagan Valley Regional Park Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Lagan Valley Regional Park Limited Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of Lagan Valley Regional Park Limited ('the charity,) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act,). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under seGtion 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the 2008 Act. Independent examiner's statement I have Completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Gharity as required by section 386 of the 2006 Act; or the fsnanGial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that Ihe accounts give a 'true and fairf view which is not a matter considered as part of an independent examination., or the financial ststements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confirm that there ar@ no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. agee ycam Aubr Indep ell & Company aminer 631 Lisburn Road Belfast BT9 7GT
Lagan Valley Regional Park Limited Company Llmited by Guarantee Statement of Flnancial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds 2024 Total funds Note Income and endowments Income 187.704 187,704 187,704 160,794 Total income 187,704 160.794 Expenditure Expenditure on charitable activities Total expenditure 233.929 233.929 233,929 252,378 252,378 233,929 Net expendlture and net movement In funds (46,225) (46,225) (91,584) Reconciliation of funds Total funds brought forward Total funds carrled forward 98.321 98,321 189.905 52,096 52,096 98.321 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 16 forni part of these financial statements.
Lagan Valley Regional Park Limited Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 13 13,431 16.185 Current assets Deblors Cash at bank and in hand 14 26,728 14,937 77,595 7,541 41,665 85,136 Creditors: amounts falling due within one year Net current assets 15 3,000 3,000 38,665 82.136 Total assets less current liabllities 52,096 98,321 Net assets 52,096 98,321 Funds of the charity Unrestricted funds 52,096 98,321 Total charity funds 16 52,096 98.321 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476: The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance wilh the provisions applicable to companies subject to the small companies. regime. The statement of financial position continues on the following page. The notes on pages 9 to 16 fomi part of these financial statements.
Lagan Valley Regional Park Limited Company Limited by Guarantee Statement of Flnancial Position (contlnuedj 31 March 2025 These financial statements were approved by the board of trustees and authorised for issue on 22 September 2025. and are signed on behalf of the board by: Mr A Martin Trustee Mr M Murray Trustee Mr D Hughes Trustee Mr C Somerville Trustee Chi Ting Yip Trustee Councillor U Mackin Trustee Ms G Daly Trustee Mr T Duffy Trustee Ms S Mcclintock Trustee Trustee The notes on pages 9 to 16 fonn part of these financial statements.
Lagan Valley Regional Park Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 3 Lock Keeperfs Lane. Milltown Road, Belfast. BT8 7. Statement of compliance These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity- Going concern The Trustees acknowledge the impact that the excess of expenditure over income has had on reserves held by the Regional Park as at 31 March 2025, specifically its short to medium term viability. They are of one accord, that it is imperative that additional funding is secured to cover rising costs in all areas of the park's operation. The welfare of park staff remains the primary concern of the Trustees. They acknowledge in partlGular that April 2025 will bring with it further significant increases in staff costs, as a result of the impact of changes to the National Living Wage and the National Insurance regime. Accordingly. they will conlinue to monitor the situation and liaise with Lisbum and Castlereagh City Council who have overall responsibility for employment matters. Based solely on verbal assurances provided by LCCC prior to approval of these financial statements, the Trustees consider that the preparation of financial statements on a going concern basis is currently appropriate. However, the Trustees wish to make clear, given the current and near-term economic climate as described above, along with a lack of certainty regarding funding, that there remains a material uncertainty with regard to the long term viability of the Park in its current legal and operational form. Judgements and key 50urce$ of estimation uncertainty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amount5 reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. It is understood that management were not required to make any significantjudgements or estimations when applying the entity's accounting policies during the year.
Lagan Valley Regional Park Limited Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2025 Accounting policies (contlnued) Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eam)arked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seNices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be garded as restricted. 10
Lagan Valley Regional Park Limited Company Limited by Guarantee Notes to the Financial Statements (contlnugd) Year ended 31 March 2025 Accounting policies (continued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities. events, non-charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including Ihose support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beiween the activilies they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a Gharge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclatlon Depreciation is calculated so as to write off the cost or valualion of an asset. less ils sIdUal value, over the useful economic lifo of that asset as follows.. Motor vehicles Equipment Fully depreciated 20 % reducing balance Impairment of flxed assets A review for indicators of impairment is carried out at each r&porting date. with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 11
Lagan Valley Regional Park Limited Company Limited by Guarantee Notes to the Financlal Statements (continued) Year ended 31 March 2025 Accounting policies fcontinugd) Impairment of fixed assets (contlnued) For the purposes of impairment testing, when it is not possible to 8stimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash infiows Ihat largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill ar4uired in a business combination is. from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnancial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments a initially recognised at the amount receivable or payable including any related Iransaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives. are initially recognised at fair value. unless payment for an asset is deferred beyond normal business temis or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment. an impairment loss is recogni5ed under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financlal assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carying amount would have been had the impairment not previously been r8cognlsed. 12
Lagan Valley Regional Park Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 Limited by guarantee The company is limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. Income 'Income' includes donations and grant income from various entities as listed below. and is non-trading in nature unless otherwise stated. Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Belfast City Council - Core funding Belfast City Council - Additional funding National Trust Events income Donations Other income Lisburn & Castlereagh City Council Keep Nl Beautiful Grant Heritage Lottery Fund Department for communities- DFC 88,000 88,000 67,000 67,000 15,104 120 4.220 2,200 310 67,000 15,104 120 4,220 2,200 310 67,000 15,104 15,104 66,060 2,195 4,453 5,982 66,060 2,195 4,453 5,982 4.453 6.297 4,453 6,297 187.704 187,704 160,794 160,794 Expenditure on charitable activities by fund type Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Lagan Valley Regional Park Support costs 200,495 33.434 200,495 33,434 194,326 58,052 194,326 58,052 233,929 233.929 252,378 252.378 Expenditure on charitable activities by activity type Activities undertaken directly Support Total funds costs 2025 Total fund 2024 Lagan Valley Regional Park Governance costs 200.495 26,447 6,987 226,942 6,987 245,142 7,236 200.495 33.434 233,929 252,378 13
Lagan Valley Regional Park Limited Company Limited by Guarantee Notes to the Financial Statements (¢onlinued) Year ended 31 March 2025 Analysis of support costs Analysis of support costs activity 1 Total 2025 Total 2024 Communications and IT General office Finance costs 1.422 22,025 3,000 26,447 1,422 22,025 3,000 1,163 46,652 3,000 26,447 50.815 Net expenditure Net expenditure is ststed after chargingl(crediting): 2025 2024 Depreciation of tangible fixed assets Operating lease rentsls 3,358 1,666 4,046 1.705 10. Independent examination fees 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial statements other assurance services Tax advisory services 2,225 675 550 2.225 575 250 3,450 3,000 11. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries 196,282 187,209 The average head count of employees during the year was 5 (2024: 5). The average number of full-time equivalent employees during the year is analysed as follows: 2025 No. 2024 Number of administrative staff Number of management staff Number of other staff No employee reiVed employee benefits of more than £60,000 during the year (2024- Nil). 14
Lagan Valley Regional Park Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontinued) Year ended 31 March 2025 12. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the Irustees. 13. Tanglble fixed assets Motor vehicles Equipment Total Cost At 1 April 2024 Additions 10.239 32.243 604 42,482 604 At 31 March 2025 10.239 32.847 43,086 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 10.239 16.058 3.358 26,297 3,358 10.239 19.416 29,655 Carrying amount At 31 MarGh 2025 13,431 13,431 At 31 March 2024 16,185 16,185 14. Debtors 2025 2024 Prepayments and accrued income 26,728 77,595 'Other debtors" refers to LVRP'S accumulated reserve of underspend, held by Lisbum and Castlereagh City Council. 15. Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income 3,000 3.000 15
Lagan Valley Regional Park Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 16. Analysls of charitable funds Unrestricted funds At 31 March 20 25 At 1 April 2024 Income Expenditure General funds 98.321 187.704 (233,929) 52.096 At 31 March 20 24 At 1 April 2023 Income Expenditure General funds 189,905 160.794 (252,378) 98,321 17. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 13,431 41,665 (3,000) 52,096 13,431 41,665 (3,000) 52,096 Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 16.185 85,136 (3,000) 98.321 16,185 85,136 (3,000) 98,321 16
Lagan Valley Regional Park Limited Company Limited by Guarantee Management Information Year ended 31 March 2025 The following pages do not fomi part of the financial statements. 17
Lagan Valley Regional Park Limited Company Limited by Guarantee Detailed Statement of Financial Activitles Year ended 31 March 2025 2025 2024 Income and endowments Income Belfast City Council- Core funding Belfast City Council - Additional funding National Trust Events income Donations Other income Lisburn & Castlereagh City Council Keep Nl Beautiful Grant Heritage Lottery Fund Department for communities- DFC 88.000 15,104 120 4,220 2,200 310 67,000 67.000 15,104 66.060 2,195 4,453 5,982 4,453 6.297 187,704 160,794 Total income 187.704 160.794 Expenditure Expenditure on charitable activities Wages and salaries Operating leases Rent Rates and water Light and heat Repairs and maintenance Insurance Other establishment Motor vehicle expenses Vehicle leasinglhire Legal and professional fees Telephone Other office costs Depreciation Other interest payable and similar charges Event costs 196,282 1.666 4.725 984 1,868 343 8,115 2,105 3,251 1,036 6,489 386 2,489 3.358 140 692 187.209 1.705 5,750 1,100 3,960 213 7.614 23.123 5.386 870 6,040 294 4.588 4.046 150 330 233.929 252,378 Total expenditure 233,929 252,378 Net expenditure (46,225) (91.584) 18
Lagan Valley Regional Park Limited Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Expenditure on charitable activities Lagan Valley Regional Park Activities undertaken directly LVRP - wageslsalaries LVRP- tools LVRP- clothing & uniforms LVRP- repairs & maintenance LVRP - other office costs 196,282 1,666 290 343 1,914 187,209 1,705 1,360 213 3,839 200,495 194,326 Support costs LVRP support costs - Rent LVRP support costs- Water charges LVRP support costs - Light & heat LVRP support Gosts - Insurance LVRP support costs - Project Costs LVRP support costs- Motor vehicle expenses LVRP support costs - IT Costs LVRP support costs- FinancelHRIIT Charge LVRP support costs- Telephone LVRP support costs - Other office costs LVRP support costs - Event Costs 4,725 984 1,578 8,115 2.105 3,251 1,036 3,000 386 575 692 5,750 1,100 2.600 7,614 23,123 5,386 870 3.000 294 749 330 26,447 50,816 Governance costs LVRP Governance costs - accountancy fees Govemance costs - legal and other professional fees LVRP Governance costs - depreciation LVRP Governance costs - bank charges 3,449 40 3.358 140 3,040 4,046 150 6,987 7,236 Expenditure on charilable activities 233,929 252,378 19