Company registered number: N1030090 Charity registered number: NIC104715 CONWAY EDUCATION CENTRE (Prlvate company limited by guarantee wlthout share capltal) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tony Clarke 53 Andersonstown Road Belfast BTII 9AG
CONWAY EDUCATION CENTRE CONTENTS PAGE Reference and administrative details of the charity, trustees and advisers Annual Report of the Trustees Independent Examiner Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-16
CONWAY EDUCATION CENTRE {Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees, Annual Report (Incorporating the Director's Report) STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 23 October 1995 and registered with the Charity Commission for Northern Ireland on 11 March 2016. REFERENCE AND ADMINISTRATIVE DETAILS COMPANY NUMBER N1030090 CHARITY COMMISSION NUMBER NIC104715 REGISTERED OFFICE Conway Education Centre Limited The Mill 5-7 Conway Street Belfast BT13 2DE CHAIRPERSON Ann Pendleton TRUSTEES Ciaran Cahill Ann Pendleton Peter Fusco Gerard Smith INDEPENDENT EXAMINER Tony Clarke Certified Public Accountant Belfast BTII 9AG
CONWAY EDUCATION CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees, Annual Report (Incorporating the Director's Report) The Trustees present their annual report together with the financial statements of the company for the 01 April 2024 to 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the company's governing document, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practices applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) las amended for accounting periods commencing from l January 2019) Structure, Governance and Trustees Conway Education Centre which is registered as a charity with the Charity Comm155ion for Northern Ireland, was incorporated as a company limited by guarantee in Northern Ireland, registration number N1030090, with the objective of undertaking charitable activities for the benefit of the inhabitants of Northern Ireland. Achievement and Performance The 202412025 academlc year at Conway Educatlon Centre has been marked by significant achievements, reflecting our commitment to promoting educational opportunities for our diverse community. Over the past year, we provided 19 accredited courses, ranging from Entry Level to Level 2, including GCSE English and Mathematics, alongside 18 unaccredited short courses. The partnership with Springhill Community House enabled us to facilitate four Diploma courses in complementary therapies. In total 397 adults were enrolled in courses at Conway Education Centre. The Belfast School for Homeopathy continues to use the education floor to provide a well-regarded two-year part time degree course in Homeopathy, with approx. 15 student5 attending 12 weekend5 per year. In addition, our Centre has also been a vital resource for English language learners, offering Six ESOL courses and two ESOL Integration programmes (Friendship Hub & ESOL Coffee morning). Through these initiatives, approximately 130 learners enhanced their English language skills and increased their confidence and sense of belonging The Homework Club continued its important support for refugee families, assisting 161 children and young people with study skills and homework support, ensuring they have the tools necessary to succeed in their educational pursuits. Homework Club staff and volunteers also provided a two- week intensive summer programme. Through Queens University School of Psychologies Insight programrne, an evaluation was carried out into the Impacts of Adult Education at Conway Education Centre on Older Individuals and Immigrants.
CONWAY EDUCATION CENTRE (Private company limited by guarantee without Share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees, Annual Report (Incorporating the Director's Report) Its conclusion was "adult education at CEC plays a crucial role in addressing some of the challenges faced by older individuals and immigrants. Evidence to suggest the impacts of adult education at CEC align with the established effects of adult education within the broader literature has been found. For older student5, CEC offers a soclable, relaxed learnlng envlronment that helps reduce loneliness, improve wellbeing, and foster a sense of achievement. Immigrant students benefit from access to essentlal foundational qualifications that support thelr integration into Northern Ireland's education system while also enhancing their language skills. For both groups, attending CEC is associated wlth an improvement In confidence and self-esteem. Furthermore, the study highlights the vital role of CEC'S staff and teachers, who's contributions are pivotal in fostering the benefits associated with the centre. Overall in 202412025, Conway Education Centre provided educational opportunities and support to approx. 542 adults and 161 children & young people The diverse educational offerings this year allowed adult students to engage with a wide array of subjects. Our learners achieved qualifications in GCSE English and Mathematics (Foundation}, Essential Skills English, Mathematics, and ICT, as well as OCN level I qualifications in Fundamentals of Health Care and Supporting people living wlth Dementia. 8eyond these qualifications, students explored enriching toplcs such as Irish history, Spanish conversation, crafts, Indian and Italian cooking, Tai Chi, stress management, Pottery workshops and complementary therapies. The Centre welcomed students and volunteers from 17 dlfferent countrles, creating a vibrant and multicultural learning environment. This diversity not only enriches the educational experience but also fosters a sense of community and belonging among all participants. Our achievements would not have been possible without the dedication of our amazing team of 41 volunteers. From Homework Club mentor5, teacher training placement students, Full-Service Community Network staff, to ESOL language assistants and office support, their tireless contributions played a crucial role in delivering our services throughout the year. In short, the 2024/2025 academic year has been characterised by continued growth and demand for affordable learning opportunities, incluslvity, and impactful learning experiences. As we look fop¥vard to the next year, we remaln commltted to providing accessible education and support to all members of our community, continuing to empower individuals through knowledge and skills. Trustees, Annual Report {Incorporating the Director's Report) This year, Conway Education Centre has experienced a continued increase in demand for our accredited courses, particularly Essential Skills, driven largely by the refugee and asylum-seeking community. Many individuals in this group have struggled to access mainstream educational provisions due to lengthy waiting lists and specific entry requirements.
CONWAY EDUCATION CENTRE IPrivate cornpany limited by guarantee without share capital} TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees, Annual Report (Incorporating the Director's Report) In September 2024, we were grateful to receive a learning grant from OCN, which allowed us to reduce course fees for OCN accredited programs. In January 2025 we received a grant from Halifax Foundation supporting our short courses. As financial barriers remain a major obstacle for many students, this funding made it possible to keep our course fee low and affordable. Despite a rise in enrolment figures compared to last year, many students are facing tightening household budgets due to the ongoing cost of living crisis. In 2024/54 a feasibility study was completed with recommendations for energy saving measures to address the rising energy costs and the lack of insulation in the Conway Mill building. Further funding applications are planned for 202412025 to implement its recommendations. As an active member of the Belfast Neighbourhood Regeneration Forum and Belfast's Migrant Forum, Conway continues to engage in government consultations, including the Refugee Integration Strategy. Our partnerships with other educational providers, such as the Full-service Community Network, Belfast Metropolitan College, Queens University Belfast, and the West Belfast Partnership Board, reinforce our commitment to delivering quality, learner-centered support that meets the evolving needs of our community. Going Concern After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. Financial Revlew The results for the year ended 31 March 2025 are set out on pages 8 and 9 of the financial statements. The total income for the year ended 31 March 2025 amounted to £245,920 {2024'. £249,095}, The total expenditure was £226,40112024: £220,390). The Trustees consider that the unrestricted funds of the charity is sufficient and adequate to fulfil their obligations. The charity held £111,034 in reserves at the year end (2024: £102,638). Reserves Policy The income of the Company is considered adequate and the risks associated with any significant reduction in income is regarded as unlikely. The Trustees are satisfied with the current level of reserves at the present time. The Trustees are reviewing the Reserves Policy in the current year.
CONWAY EDUCATION CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees, Annual Report (Incorporating the Director's Report) Trustees, responsibilities statement The Trustees (who are also directors of Conway Education Centre for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Accepted Accounting Practice) Company law require5 the trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and falr view of the state of affairs of the charitable company and of the income resources and appllcatSon of resources, Including the income and expenditure of the charitable company for that perlod. 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 SORP; Make judgments and accounting estimates that are reasonable and prudent. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactlon and dlsclose with reasonable accuracy at any time the financial position of the charitable company and the enable them to ensure that the financial statements comply with the Companies Act 2019. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Conway Education Centre is a company limited by guarantee by its Memorandum and Article5 of Association. Each members liability is limited to an amount not exceeding £1. This report was approved by the Trustees, on . J L%- and signed on behalf by: Ann endleton Trustee
CONWAY EDUCATION CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CONWAY EDUCATION CENTRE. I report on the financial statements of the company for the year ended 31 March 2025 which are set out on pages 8 and 9. This report is made solely to the company's Trustees, as a body in accordance with section 65(3lla) of the Charities Act Northern Ireland 2008 and regulations made under section 66 of the Act. My work has been undertaken so that I might state to the company's Trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work of this report. Respective responslbilities of trustees and examlner As the company's Trustees {and also the directors of the company for the purpose of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the company is not subject to audit under company law, and is eligible for Independent examination. It is my responsibility to., examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 65{9llb) of the Charities Act state whether particular matters have come to my attention. Basis of Independent Examiner's report I have examined your charlty accounts a5 requlred under sectlon 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 6519)Ib) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It was also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. Independent examiner's statement My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further information needed for a proper understanding of the accounts to be reached.
CONWAY EDUCATION CENTRE {Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CONWAY EDUCATION CENTRE (continued) I have completed my examination and have no concerns in respect of the matters (l) to14} listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Tony Clarke FCPA 53 Andersonstown Road Belfast BTII 9AG Date:
CONWAY EDUCATION CENTRE (Private cornpany limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT Year to Unrestricted Restricted 31-Mar-25 Funds Funds TOTAL Year to 31-Mar-24 TOTAL Note Income from: Generated Funds Charita ble Activities 18,662 31,910 195,348 214,010 31,910 231,959 17,136 Total Income 50,572 195.348 245,920 249,095 Expenditure on: Charitable Activities 57,535 168,866 226,401 220,390 Total Expenditure: 57,535 168,866 226,401 220,390 Net Income/(expenditure) (6,9631 26,482 19,519 28,705 Transfers between funds Net movement in funds 6,963 26,482 19,519 28,705 Reconciliation of fun Total funds brought forward 13 141,269 5,676 146,945 118,239 Total Funds carrled forward 12 134,306 32,158 166,464 146,945 The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. The notes on page 10 to 16 form and integral part of these accounts
CONWAY EDUCATION CENTRE (Private company limited by guarantee without share capital} TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 BALANCE SHEET As at 31 March 2025 2025 24 Note Fixed Assets Tangible Assets 11 1,918 1,918 2,557 2,557 Current Assets Debtors Cash at bank & Other 6,739 159,857 166,596 6,353 145,511 151,864 Liabilities Creditors: amounts fallin8 due within one year 2,051) (7,477 Net Current Assets 164,545 144,387 Net assets 166,464 146,945 Funds Restricted Unrestricted 32,158 134,306 5,676 141,269 TOTAL FUNDS 12 166,464 146,945 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounti ng records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources a nd appl ication of resources, including its income and expenditure, for the fi nancia l year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirement5 of the Companies Act 2006 relating to financial statements, so far a5 applicable to the company. 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. These financial statements have been prepared in accordance with the provisions applicable to companie5 Subject to the small companies regime. cial statements were approved by the board dlrectors on . .1.% I,, | L.¥..... and were signed on n Pendleton Trustee The notes on page 10 to 16 form and integral part of these account5
CONWAY EDUCATION CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS l Accounting policies Charity inforrnation Conway Education Centre is a private company limited by guarantee incorporated in Northern Ireland. The registered office is: The Mill, 5-7 Conway Street, Belfast, Northern Ireland, BT13 2DE. 1.1 Accounting convention The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20191- (Charities SORP IFRS 102) the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements are prepared in Sterling, which is the functional currency of the charity. Monetary amount5 in these financial Statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. 1.4 Incoming resource5 Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received, 10
CONWAY EDUCATION CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS {continued) 1.4 Incoming resources {continued) Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. 1.5 Resources expended Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measure reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. The charity is below the charity audit threshold and therefore is exempt from reporting expenditure on an activity basis. The charity has opted to report by the nature of expenditure rather than on an activity basis. 1.6 Tangible flxed assets Tangible fixed assets are initially measured at cost and subsequently rneasured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold Property 50 years stright-line Fixtu res & Fitti ngs 25% reducing balance Computer & IT 25% reducing balance 1.7 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial Statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously 11
CONWAY EDUCATION CENTRE (Private company limited by guarantee without share capital} TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS (continued) 1.9 Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 1.10 Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 1.11 Derecognition of financial llabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.112 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.13 Crltical accounting estimates and judgements In the application of the charity's accounting policies, the trustee5 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 associated assumptions are based on historical experience and other 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 period5. 12
CONWAY EDUCATION CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS (continued) ncome fr ra 2025 2024 Unrestricted Funds Restricted Funds TOTAL TOTAL Grants Totals 2025 18,662 18,662 195,348 195,348 214.010 214,010 231,959 231,959 Totals 2024 50,520 181,439 231,959 Ch vi 2025 2024 Unrestricted Funds Restricted Funds TOTAL TOTAL Deposit Account Interest Activities Donations Totals 2025 139 14,910 2,087 17,136 31,910 31,910 31,910 31.910 Totals 2024 17,106 30 17,136 4 Staff Costs and Numbers 2025 2024 Gross Wages and Salarles 130,579 130,579 116,160 116,160 No employee received emoluments of more than £60,00012024: None) The average monthly number of employees during the year, calculated on the basis of full time equivalents, was as follows: 2025 Number 2024 Number 13
CONWAY EDUCATION CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS (continued) 5 Ex endlture Analysis of resources expended 2025 2023 Charitable Activitles Unrestricted Funds Restricted Funds TOTAL TOTAL Salarles and Wages Heat & Light Cleaning Contracts / Materials Telephone & Internet Rent Depreciation Insurance Postage & Stationary Hospitality Maintenance Costs Programme Costs Travel - Staff Marketing and Advertising Professional costs Totals 2025 26,096 104,483 8,422 2,152 211 180 130,579 8,422 2,152 2,497 180 639 2,186 2,782 1,972 13,893 48,006 1,189 1,555 10,347 226,401 116,160 8,421 3,608 1,760 734 852 1,927 30 1,766 6,927 60,053 31 4,113 14,007 220,390 2,286 639 2,186 2,118 1,284 7,603 30,493 566 1,555 7,611 168,866 664 688 6,290 17,513 623 2,736 57,535 Totals 2024 14,843 205,547 220,390 6 Trustee5 remuneration & expenses During the year, no Trustees received any remuneration12024 - £NIL). During the year, no Trustees received any benefits in kind12024- £N ILI. During the year, no Trustees received any reimbursement of expenses12024- £NIL). 7 Debtors 2025 2024 Grants Receivable 6,739 6,739 6,353 6.353 14
CONWAY EDUCATION CENTRE {Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTESTO THE ACCOUNTS (CONTINUED) 8 Creditors: amounts fallin due wlthln one ear 2025 2024 Trade Creditors Other Creditors 741 1,310 2,051 6,168 1,310 7,478 9 Inde endent examlner's remuneratlon The independent Examiner's remuneration amounts to an Independent Examination fee of £NIL {2024- £NIL) 10 Related art transactions There were no related party transactions during the year. 11 Tan ible Fixed Asset Leasehold Pro ert Fixtures & Com Flttin uter & IT Total COST At l April 2024 Additions Disposals 347,352 80,249 2,148 429,749 At 31 March 2025 347,352 80,249 2,148 429,749 DEPRECIATION At l April 2024 Charge for the year Elirninated on disposal 347,352 79,192 264 648 375 427,192 639 At 31 March 2025 347,352 79.456 1,023 427,831 NET BOOKVALUE At 31 March 2024 1,057 1,500 2,557 At 31 March 2025 793 1,125 1,918 15
CONWAY EDUCATION CENTRE IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS {continued) 12 Statement of funds - current ear Balance at l April 2024 Balance at 31 March 2025 Income Expense Transfer in/out Restricted funds Awards for all Lottery BCC Good Relations BCC Music Heritage BCC T2 BCC Threads of Empowerment Belfast Harbour Commissioners CiNYr2 DFC Job Start Dfc Halifax Foundation Total restricted funds 19,400 2,736 21,875 985 2,000 4,890 24,693 4,482 109,352 4,935 195,348 1168,866} 19,400 (2,736) (21,875) (985) 12,000) 12,246} (25,1891 14,482) 1109,352) 2,644 5,180 5,676 4,935 32,158 5,676 Unrestricted funds General funds Education Authority Total Unrestricted funds 102,638 38,631 141,269 31,910 18,662 50,572 (24,153} 133,3821 (57.535) 110,395 23,911 134,306 Total of funds - current year 146,945 245,920 226,401 166,464 13 Statement of fund - rior ear Balance at l April 2023 Balance at 31 March 2024 Income Expenditure Transfer in/out Total restricted funds Total unrestricted funds Total of funds- prior year 29,754 88,485 118,239 181,470 67,626 249,096 1205,5471 (14,843) (220,390 5,676 141,269 146,945 16