REGISTERED COMPANY NUMBER: N1046763 (Northern Ireland)
REGISTERED CHARITY NUMBER: NIC 104759
ort of the Trustees and
Financial Statements for the Year Ended 31 March 2025
for
Star Nei
Acom
hbourhood Centre
Limited b Guarantee
an
Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE

Star Nei
hbourhood Centre
Contents of the Financial Statements
for the Year Ended 31 M2rch 2025
Page
Reference and Administrative Details
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
10
Statement of Financial Position
Notes to the Financial Statements
13 to 24
Detailed Statement of Financial Activities
25

Star Nei
hbourhood Centre
Reference and Administrative Details
for the Year Ended 31 March 2025
TRUSTEES
Kate Clarke
Liam Corr
Cecilia Heron
Liam Wiggins
Marisa Mcmahon
Gerard O'Reilly
Tommy Quigley
Sally Smith
Joe Doherty
COMPANY SECRETARY
Kate Clarke
REGISTERED OFFICE
79-83 Hillman Street
Belfast
Co. Antrim
BT15 2FS
REGISTERED COMPANY
NUMBER
N1046763 (Northern Ireland)
REGISTERED CHARITY
NUMBER
NIC 104759
INDEPENDEINT EXAMINER Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE
CHIEF EXEC OFFICER
Maria Valente
BANKERS
Allied Irish Bank
11-15 Donegall Square North
Belfast
BTI 5GB

Star Nei
hbourhood Centre
ort of the Trustees
for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposcs of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2025. The trustees have
adopted the provisions of 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 2019).
It is with pleasure that I present the Star Neighbourhood Centre trustee report for year ending March 2025.
Throughout 2024 the Star Neighbourhood Centre continued to focus on meeting the needs of local people,
providing much needed services and supports for children, young people and their families, and delivering
targeted support aimed at some of the most vulnerable member of the community.
Although we are still operating in a challenging environment with short term funding and high living costs, I
believe we are coming from a position of strength. With the expertise of our staff and the cominitment of
our volunteers, with help from our partner organisation and the support of funders, I am confident the Star
Neighbourhood Centre will carry on.
Our childcare and family support services are runniiig at full capacity.
Support from DFC Neighbourhood Renewal, DE Pathway Fund and Belfast City Council has not only
sustained but strengthened our early year's provision.
The youth project continues to work to meet the needs of the young people across North Belfast. The
personal social and emotional developinent of young people remains our core work. With Youth intervention
and good relations programmes also delivered.
We are one year in to our 3 year strategic plan. In this year we have met and at times exceeded all our targets
and achieved the outcomes set out for the community we serve,
This report covers the SNC organisational key strategic aiins as well as activities and services delivered up
to the end of March 2025 the Star Neighbourliood Board are delighted with the how the staff and volunteers
have reacted to the pandemic and adapted their work practices.
We remain committed to providing quality services and focus on positive outcomes to improve the lives of
residents.
A special thank you must be extended once again to our members who actively support the Star and our
work. To our funders, in particular Department for Communities. The Department of Education Pathway
fund and Belfast City Council, without their support we would not exist.
To all the organisations and individuals who have supported the Star Neighbourhood Centre through the
good times and the not so good times we thank you.
Liam Wiggins
Chairperson

Star Nei
hbourhood Centre
ort of the Trustees
for the Year Ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Signifieant Activities
The Star Neighbourhood Centre is an organic and generic community organisation, based on the Duncairn
Gardens interface in the New Lodge area of North Belfast.
We are a quality driven organisation where the focus is on our user requirements and where quality is
demonstrated in our day-to-day operatlons.
We aim to respond to locally identified need through close engagement with the community, beneficiaries
and potential beneficiaries. The services the Star offers are tailored to meet local need, e.g., opening hours
and range of activities and programmes.
The Star works on a holistic basis within the neighbourhood, catering for pre-school age children to
providing a services for older people. Given its 'position' within the community, the Star Neighbourhood
Centre has the flexibility to be able to react to particular situations and respond to changing local needs as
and when they arise.
Star Neighbourhood Centre provides a number of programmes, facilities and services to the Greater New
Lodge community. These include:.
Early Years Project
Out of Schools project
Family Support
Youth projects
Older Persons support
Support for groups
Volunteer development Projects
Community inclusion events
The Centre acts as a local resource centre for tlie community. This includes offering services such as typing,
photocopying, computer and internet access, tel¢phone/fax and lending equipment. The Star also acts as a
conduit to statutory and voluntary organisations for local people to access iiiformation of training, benefits,
legislation, employment and acts as a 'sign post¢r to other community organisations and traiiiing providers
within the area.
As well as the provision of services, the Star acts as a development catalyst for the area advocating and
campaigning on behalf of the community to attract resources and drawing thc attention of resource providers
and policy makers to the needs of the Greater New Lodge area.

Star Nei
hbourhood Centre
ort of the Trustees
for the Year Ended 31 March 2025
ACHIEVEMENT AND PERFORMANCE
Review of the Year
40 Children benefited from the childcare services
42 People participated in Good relations projects
52 People engaged in community inclusion events
l O Volunteers engaged in community development activities
52 Children took part in holiday schemes
32 People took part in programmes to support and develop parents
40 Residents received vouchers for support with cost of living
12 Individual young people received range of OCN qualifications
35 People took part in mental health promotion/awareness programmes
27 People participated in programmes to promote a healthy lifestyle
45 Young people benefitting from youth inclusion/diversionary projects

Star Nei
hbourhood Centre
ort of the Trustees
for the Year Ended 31 March 2025
FINANCIAL REVIEW
Financial Position
The company had net incoming resources for the year of £9,141 (2024: net outgoing resources of £20,626),
which reflected the completion of a number of projects during the year. Unrestricted funds increased by
£15,342 and restricted funds decreased by £6,201.
Reserves Policy
The charity's policy is to retain a level of free reserves, which matches the needs of the organisation, both at
the current time and in the foreseeable future. The reserves required should be sufficient to meet committed
grant expenditure and the running costs for a period equivalent to six months annual expenditure.
The charity will continue to monitor compliance with this policy on a regular basis and the Board will
review the appropriateness of the policy annually.
Future Plans
Four strategic goals will determine the services programmes and projects we deliver. Our outcoine based
approach in our work will provide a basis by which we can judge our success in our delivery. Each aim is
supported by a series of outcomes which specifies the changes we want to see, the difference we want to
make.
It sets out our goals and how we will achieve them. These Strategic Aims will be achieved through
operational objectives. Overall our strategy is underpinned by our Vision Mission and Valucs which drives
all that we do.
The core areas of our work are defined as..
Community Development
Childcare
Youth
Organisational Development
Therefore the strategic aims of the Star Neighbourhood Centre reflect these areas as follows:
Strategic Aim I
To m¢¢t the identified needs of our community through leadership, participation and empowerment in order
that the community continues to positively develop
Strategic Aim 2
To provide high quality and accessible childcare seTvices for local families
Strategic Aim 3
To provide opportunities for young people to engage in personal and social development activities and to
leave a legacy for the community
Strategic Aim 4
To be a 'fit for purpose, oiganisation that strivcs to continually develop and deliver high quality service
provision

Star Nei
hbourhood Centre
ort of the Trustees
for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governance and Structure
The Star Neighbourhood Centre is a Company limited by guarantee tN146763] and also a registered charity
[NIC104759]. This structure has been found suitable, meets all legal obligations and protects the Centre and
Directors in the event of financial failure.
Currently 9 local people are on the board of directors. The roles, functions and responsibilities of the
committee are as follows'.-
(i) Deciding the overall strategy of the Centre.
(li) Acting as Company Directors, leasehold and employers, and taking full responsibility for all legal
aspects involved in these areas of WOTk.
(iii) Settiiig structures and procedures in place for the Committee to be maintained and replaced-
(iv) Representing the Committee on external platforms and to the general public. and
(v) Being collectively responsible for tlie management of tlie Centre.
Mission, Vision and Values
The Star Neighbourhood Centre has adopted the following as its Mission, Vision and Value Statements..
Mission
To improve the quality of life of residents by providing essential services to the Greater New Lodge area
Vision
Working to develop a cohesive and thriving community
Values
In working together towards our mission, we are committed to a number of values which underpin all that we
do and the way that we do it.
(i) Community led - the participation of local people is central to our work.
(li) Respect - everyone has the right to be treated with dignity and respect;
(iii) Equality and Social Justice - we seek to challenge poverty, injustice, and discrimination in all its fonns.
(iv) Quality - we value creativity and innovation. we strive to deliver quality and best practice in everything
(v) Accessibility - we work to remove barriers and increase accessibility to our services. and
(vi) Integrity - we work together at all times, ensuring sensitivity and openness.
Recruitment and Appointment of INew Trustees
The Charity follows an appraisal process to identify the skills required for the Trustee Board and to identify
any skills gap on the Board. Members of the Trustee Board receive a full induction programme on joining
the Trustee Board and thereafter receive ongoing training and briefing sessions.The board completes an
annual evaluation of its effectiveness. Actions arising from this process are integrated into the corporatc
workplan. The Trustee Board uses open recruitment and strives to ensure that there is adequate local
representation on th¢ Trustee Board.
The trustees delegate the day to day running of Star Neighbourhood to that of Maria Valente
Manager.
Finance

Star Nei
hbourhood Centre
ort of the Trustees
for the Year Ended 31 March 2025
Key Management Remuneration
The Charity Trustees were not paid and did not receive any remuneration from the Charity in the year 2025
(2024 :nil). During the year, no Trustees were reimbursed travel expenses (2024:nil).
Related Parties
There were no related party transactions for the year ended 31 March 2025.
Risk Management
The principles of good governance are embedded within all aspects of Star Neighbourhood Centre Limited
operations with inanagement and staff being keenly aware of the Boards responsibility of ensuring that the
organisation protects itself from financial exposure and reputational damage, A close working relationship
is maintained between the Board and management to ensure that operationally staff are aware of the
standards required of them by the Board and the Board are always in a position to provide guidance and
support to management in the discharge of their duties. This two way relationship is the key feature of Star
Neighbourhood Centre Limited Eovernance arrangements and is a key strength in the company.
A conscientious approach to ensuring that contractual project requirements are achieved has been maintained
at all times both in the accounting period being reported on and since Star Neighbourhood Centre Limited
establishment. Very tight financial controls on expenditure and all financial commitments are maintained at
all times and project staff have been trained and have become experienced in budgetary controls. In both
these areas ie Project delivery and financial controls management all staff have established close working
relationships with fundiiig organisations to ensure all mandatory standards are consistently achieved. Board
representatives also actively engage with funding bodies.
The Board, management and staff are fully aware that the nature of the work in whichever Neighbourhood
Centre Limited is involved can bring with it a high level of scrutiny to ensure that all activities are fully
ompliant with funding requirements and, therefore, beyond reproach. The Board of Star Neighbourhood
Centre Limited is, therefore, greatly reassured of tlie coinpany's compliance witli the highest of standards of
governance on the basis that all monitoring and evaluation of project delivery demonstrates achievement of
all finders objectives and that fund¢rs' audits and vouching of financial expenditure and the Independent
Examiners Report confirm compliance with both probity and regularity in the use of monies received
EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statetnents.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of Star Neighbourhood Centre for the purposes of company law) are
responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards {Unit¢d Kingdom Generally Accepted
Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland

Star Nei
hbourhood Centre
ort of the Trustees
for the Year Ended 31 March 2025
STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued
Company law requires the trustees to prepare fiiiancial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure, of the charitable company for that period. In preparing
those financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP.
make judgements and 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 business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charitable company and to enable thein to ensure that tlie finaiicial
statements comply with the Companies Act 2006. 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,
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to small companies.
Approved by order of the board of trustees on 30 May 2025 and signed on its behalf by:
Li
Kate Clarke - Trustee

Inde
endent Examiner's Re
Star Nei
hbourhood Centre
I report on the accounts of the company for the year ended 31 March 2025, which are set out on pages ten to
twenty four.
ort to the Trustees of
Respective responsibilities of cbarity trustees and examiner
As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity 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 Charity Commission for
Northern Ireland under Section 65(9)(b) of the Charities Act
state whether particular matters have come to my attention.
Basis of the independent examiner's report
I have examined your charity accounts as required under Section 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 65(9)(b) of the Charities Act. The examination included a review of the accounling
records kept by the charity and a comparison of the accounts presented with those records. It also included
consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as
charity trustees concerning any such matters.
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 386 of the Companies Act 2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of Section 396 of the Companies
Act 2006 and with the methods and principles of the 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
That there is further information ne¢ded for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and,
in connection with following the Directions of th¢ Charity Commission for Northern Ireland, I have found no
matters that require drawing to your attention.
Billy Dra
Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE
30 May 2025

Star Nei
hbourhood Centre
Statement of Financial Activities
Incor
oratRn
an Income and Ex
for the Year Ended 31 March 2025
enditure Account
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Restricted
fund
funds
Notes
INCOME AND ENDOWMEINTS FROM
Charitable activities
Graiits Receivable
213,623
213,623
216,204
Other trading activities
20,532
20,532
12,627
Total
20,532
213,623
234,155
228,831
EXPENDITURE ON
Charitable activities
Direct Charitable Expenses
Governance
1.530
3,660
219,824
221,354
3,660
245,857
3,600
Total
5,190
219,824
225,014
249,457
NET INCOMEI(EXPENDITURE)
15,342
(6,201)
9,141
(20,626)
RECONCILIATION OF FUNDS
Total funds brought forward
51,139
131,581
182,720
203,346
TOTAL FUNDS CARRIED FORWARD
66,481
125,380
191,861
182,720
The notes form part of these financial statements
10

Star Nei
hbourhood Centre
Statement of Financial Position
31 March 2025
31.3.25
31.3.24
Notes
FIXED ASSETS
Tangible assets
167,560
173,736
CURRENT ASSETS
Debtors
Cash at bank
2,594
26,182
17,268
28,776
17,268
CREDITORS
Amounts falling due within one year
10
(4,475)
(8,284)
NET CURRENT ASSETS
24,301
8,984
TOTAL ASSETS LESS CURRENT
LIABILITIES
191,861
182,720
NET ASSETS
191,861
182,720
FUNDS
Unr¢stri¢ted funds
Restricted funds
12
66,481
125,380
51,139
131,581
TOTAL FUNDS
191,861
182,720
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 March 2025.
The members have not required th¢ company to obtain an audit of its financial statements for the year ended
31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each flnancial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of th¢ Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
(b)
The notes form part of these financial statements
continued...

Star Nei
hbourhood Centre
Statement of Financial Position - continued
31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regiine.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 May 2025
and were signed on its behalf by:
Kate Clarke - Trustee
--[ o,
Gerard O'Reilly - Trustee
Liam Wiggins - Trustee
The notes form part of these financial statements
12

Star Nei
hbourhood Centre
Notes to the Financial Statements
for the Year Ended 31 March 2025
ACCOUNTING POLICIES
Basis of preparing the finallcial statements
(a) General information and basis of preparation
Star Neighbourhood Centre Limited is constituted as a company limited by guarantee incorporated in
Northern Ireland (N1046763)- In the event of the charity being would up, the liability in respect of the
guarantee is limited to £1 per member of the charity.
The charity constitutes a public benefit entity as defined by FRS 102. The financial slatements have
been prepared in accordancc 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), the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the
Charities Act (Northern Ireland) 2013, the Companies Act 2006 aiid UK Generally Accepted Practice
as it applies from l January 2015.
The financial statements are prepared on a going concern basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are presented in sterling
which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements arc set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unrestricted funds are available for us¢ at the discretion of the trustees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have bcen set aside by the trustees for particular
purposes. The aim and use of each designated fund are set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The cost of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund are set out in the notes to the financial statements.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
(¢) Income recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity
is legally entitled to the income after any performance conditions have been met, the amount can be
measured reliably, and it is probable that the income will be received.
13
continued...

Star Nei
hbourhood Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
For donations to be recognised the charity will have been notified of tlie amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of
performance before entitlement can be obtained then income is deferred until those conditions are
fully met or the fulfilment of those conditions is within the control of the charity and it is probable
that they will be fulfilled. Voluntary income is received by way of grants, donations and gifts and is
included in full in the Statement of Financial Activities (SOFA) when receivable. Income received
from collections is recognised when received.
Donated facilities and donated professional services are recognised in income at their fair value when
their econornic benefit is probable, it can be measured reliably, and the charity has control over the
item. Fair value is determined on the basis of the value of the gift to the charity. For example, the
amount the charity would be willing to pay in the open market for such facilities and services. A
corresponding amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Further detail is given in the Trustees, Annual Report.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the
legacy being received. At this point income is recognised. On occasion legacies will bc notificd to the
charity however it is not possible to measure the amount expected to be distributed. On these
occasions, the legacy is treated as a contingent asset and disclosed.
Income from trading activities includes income earned from fundraising events and trading activities
to raise funds for the charity. Income is received in exchang¢ for supplying goods and services in
order to raise funds and is recognised when entitlement has occurred.
The charity receives government grants which are detailed within the notes to these financial
statements. Income from government and other grants are recognised at fair value when the charity
has entitlement after any performance conditions have been met, it is probable that the income will be
received, and the ainount can be mcasured reliably. If entitlement is not met, then thesc amounts are
deferred.
(d) Expenditiure recognition
All expenditure is accounted for on an accruals basis inclusive of VAT which cannot be recovered
and has been classified under headings that aggregate all costs related to the category. Expenditure is
recognised where there is a legal or conslructive obligation to make payments to third parties, it is
probable that the s¢ttlern¢nt will be required, and the amount of the obligation can be measured
reliably. It is categoris¢d under the following headings:
Costs of raising funds includes the costs associated with attracting voluntary incomes.
Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated directly to such
activities and those costs of an indirect nature necessary to support them- and
Other ¢xpenditure represents those items not falling into the categories above.
Irrecoverable VAT is Charged as an expense against the activity for which expenditure arose.
14
ontinued...

Star Nei
hbourhood Centre
Notes to the Financial Statements - continued
for the Year Ended 31 Ililarch 2025
ACCOUNTING POLICIES- continued
Basis of preparing the financial statements
Grants payable to third parties are within the charitable objectives. Where unconditional grants are
offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a
reasonable expectation that the recipient will receive the grants. Where grants are conditional relating
to performance then the grant is only accrued when any unfulfilled conditions are outside of the
control of the charity.
(e) Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and include office costs, governance costs, administrative payroll costs. They are incurred
directly in support of expenditure on the objects of the charity and include project inanagement
arried out at Headquarters. Where support costs cannot be directly attributed to particular lieadings
they have been allocated to cost of raising funds and expenditure on charitable activities on a basis
consistent with use of the resources. Premises overheads have been allocated on an insert detail basis
and other overheads have been allocated on a basis consistent with the use of resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs
of disseminating information in support of the charitable activities.
(Q Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairmeiit
losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Freehold property - 2 % Straight Line
Fixtures and fittings
150/0 on cost
Minibus 25 % on Reducing Balance
(g) Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairnient are recognised in expenditure.
(h) Financial Instruments
A financial asset or a financial liability is recognised only wh¢n the charity becomes a party to the
contractual provision of the instrument.
Basic financial instruments are initially recognised at the amounts receivable or payable including any
related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or relived and not discounted.
Debt instruments are subsequently measured at amortised cost.
15
continued...

Star Nei
hbourhood Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
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 terms or financed at a rate of interest that is
not a market rate, in which case the asset is tneasured at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subseqiiently measured at fair value with any changes recognised in
tlie statement of financial activities, with tlie exception of hedging instruinents in a designed 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 evTdence of impairment an
impairment loss is recognised under the appropriate heading in the statement of financial activities in
which the initial gain is recognised.
For all equity instruments regardless of significance, and other financial 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 rcsLIIt
in a carrying amount of tlie financial asset that exceeds what thc carrying amount would have been
had the impairment not previously been recognised.
(i) Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each balance sheet date. If such indication exists, the recov¢rabl¢ amount ol the asset, or the asset's
cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount
exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is
carried at a Tevalued amount where the impairment loss is a revaluation decrease.
ti) Provision5
Provisions are recognised when the Charity has an obligation at the balance sheet date as a result of a
past event, it is probable that an outflow of economic benefits will be required in settlement and the
amount can be reliably estimated.
(k) Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term
and the expected useful life of the asset. Minimum lease payments are apportioned between the
finance charge and the reduction of the outstanding lease liability using the effective interest method.
The related obligations, net of future finance charges, are included in creditors.
16
continued...

Star Nei
hbourhood Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
ACCOUNTIIYG POLICIES - continued
Basi5 of preparing the financial statements
Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis
over the period of the lease.
(l) Tax
No provision is required for taxation as the company is defined as a charity for taxation purposes.
The cliarity is a registered charity and so such is entitled to certain tax ex¢inptions on income and
profits from investments and surpluses on any trading activities carried on in furtherance of the
charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes.
(m) Going Concern
The financial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected
level of income and expenditure for 12 months from authorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to
continue as a going concern.
(n) Judgements estimates
The following judgements including those involving estimates that have been made in the process of
applying the above accounting policies that have had the most significant effect on the amounts
recognised in the financial statements and that have a significant risk of causing a material adjustment
to the carrying amounts of assets and liabilities witliin the next financial year..
(i) depreciation method and asset useful lives
The estimates and assumptions are reviewed on an ongoing basis considering the current and future
market conditions.
Taxation
The charity is exempt from corporation tax on its charitabl¢ activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statement5.
Pension costs and other post-retirement benefit3
The charitable company operates a defined contribution pension scheme. Contributions payable to
the charitable company's pension scheme are Charged to the Statement of Financial Activities in thc
period to which they relate.
17
continued...

Star INei
hbourhood Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
OTHER TRADING ACTIVITIES
31.3.25
31.3.24
Fundraising and Donations
Childcare Fees
Interest Received
Sundry Income
115
12,356
156
19,943
189
400
20,532
12,627
INCOME FROM CHARITABLE ACTIVITIES
31.3.25
31.3.24
Activity
Grants Receivable
Grants
213,623
216,204
Grants received, included in the above, are as follows:
31.3.25
31.3.24
Department for Communities - Salaries
Belfast City Council - Revenue
Belfast City Council - Summer Scheme
Belfast City Council - Good Relations
Belfast City Council - Small Grants
134,274
16,829
1,500
2,000
950
124,129
16,200
2,500
3,276
2,000
1,000
3,695
8,977
21,000
2,764
17,032
1,000
3,155
1,500
7,976
Groundwork NI
Belfast Interface Project
Education Authority - Belfast Region
Pathway Fund - Early Years
Childcare Partnership
Belfast City Council LIF
Belfast City Council Health & Wellbeing
Cash for Kids
Department for Communities Cost of Living
Department for Communities Boiler Replacement
Belfast City Council - Fitness Group
Belfast City Council - EVAWG
Department of Health - SPPG
Newington Housing
Garfield Weston
800
7,912
23,000
2,400
678
7,280
1,000
15,000
213,623
216,204
18
continued...

Star Nei
hbourhood Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after chargingl(crediting)'.
31.3.25
31.3.24
Depreciation - owned assets
6,176
6,420
INDEPENDENT EXAMINERS REMUNERATION
The independent examiners remuneration amounts to an independent examination fee of £3,540 (2024
£3,540)
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the
year ended 31 March 2024.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended
31 March 2024.
STAFF COSTS
31.3.25
31.3.24
Wages and salaries
Other pension costs
148,278
11,343
150,256
11,564
159,621
161,820
The average monthly number of employees during the year was as follows..
31.3.25
31.3.24
Manag¢ment & Administration
No employees received emoluments in excess of £60,000.
19
continued...

Star Nei
hbourhood Centre
Notes lo the Finanei21 Statements - continued
for the Year Ended 31 March 2025
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Minibus
Totals
COST
At l April 2024 and 31 March 2025
281,894
62,867
5,200
349,961
DEPRECIATION
At l April 2024
Charge for year
109,240
5,638
61,836
525
5,149
13
176,225
6,176
At 31 March 2025
114,878
62,361
5,162
182,401
NET BOOK VALUE
At 31 March 2025
167,016
506
38
167,560
At 31 March 2024
172,654
1,031
51
173,736
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25
31.3.24
Other debtors
2,594
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
Social security and other taxes
Accruals and deferred income
4,491
3,793
4.475
4,475
8,284
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Restrictcd
fund
funds
Fixed assets
Current assets
Current liabilities
42,180
22,316
1,985
125,380
6,460
(6.460)
167,560
28,776
(4,475)
173.736
17.268
(8,284)
66,481
125,380
191,861
182,720
20
continued.

Star Nei
hbourhood Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
12. MOVEMENT IN FUNDS
Net
movement
in funds
At
3113125
At 114124
Unrestricted funds
General fund
51,139
15,342
66,481
Restricted funds
Deferred Capital Grant Reserve
Department for Communities - Salaries
Big Lottery - Awards for All (Capital)
130,681
25
875
(5,651)
(25)
(525)
125,030
350
131,581
(6,201)
125,380
TOTAL FUNDS
182,720
9,141
191,861
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
20,532
(5,190)
15,342
Restrieted funds
Deferred Capital Grant Reserve
Department for Communities - Salaries
Belfast City Council - Revenue
Belfast City Council - Summer Scheme
Belfast City Council Good Relations
Belfast City Council - Small Grants
Belfast Interface Project
Education Authority - Belfast Region
Pathway fund - Early Years
Big Lottery - Awards for All (Capital)
Belfast City Council - Fitness Group
Belfast City Council - EV AWG
Department of Health - SPPG
Newington Housing
Garfield Weston
(5,651)
(134,299)
(16,829)
(1,500)
(2,000)
(950)
(800)
(7,912)
(23,000)
(525)
(2,400)
(678)
(7,280)
( 1,000)
(15.000)
(5,651)
(25)
134,274
16,829
1,500
2,000
950
800
7,912
23,000
(525)
2,400
678
7,280
1,000
15,000
213,623
(219.824)
(6,201)
TOTAL FUNDS
234,155
(225,014)
9,141
21
continued...

Star Nei
hbourhood Centre
Notes to the Financial Statements - continued
for the Year Ended 31 Mareh 2025
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
At
3113124
At 114123
Unrestricted funds
General fund
55,611
(4,472)
51,139
Restricted funds
Deferred Capital Grant Reserve
Department for Communities - Salaries
Big Lottery - Awards for All (Capital)
Big Lottery - Awards for All
136,336
(5,655)
25
(525)
(9,999)
130,681
25
875
1,400
9,999
147,735
(16,154)
131,581
TOTAL FUNDS
203,346
(20,626)
182,720
22
continued...

Star Nei
hbourhood Centre
Notes to the Finaneial Statements - contlnued
for the Year Ended 31 March 2025
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
12,627
(17,099)
(4,472)
Restricted funds
Deferred Capital Grant Reserve
Department for Communities - Salaries
Belfast City Council - Revenue
Belfast City Council - Summer Scheme
Belfast City Council Good Relations
CFNI
Groundwork Nl
Belfast Interface Project
Education Authority - Belfast Region
Pathway fund - Early Years
Childcare Partnership
Big Lottery - Awards for All (Capital)
Big Lottery - Awards for All
Belfast City Council LIF
Belfast City Council Health &
Wellbeing
Cash for Kids
Department for Communities Cost of
Living
Department for Communities Boiler
Replacement
(5,655)
(124,129)
(16,200)
(2,500)
(3,276)
(2,000)
(1,000)
(3,695)
(8,977)
(21,000)
(2,764)
(525)
(9,999)
(17,007)
(5,65 5)
25
124,154
16,200
2,500
3,276
2,000
1,000
3,695
8,977
21,000
2,764
(525)
(9,999)
17,007
1,000
3,155
( 1,000)
(3,155)
1,500
(1,500)
7,976
(7,976)
216,204
(232,358)
(16,154)
TOTAL FUNDS
228,831
(249,457)
(20,626)
23
continued...

Star Nei
hbourhood Centre
Notes to the Financial Statements - eontinued
for the Year Ended 31 March 2025
13. CONTINGENT LIABILITIES
A contingent liability exists to repay grants received should certain conditions not be fulfilled by the
charity.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
15. POST BALANCE SHEET EVENTS
There were no events after the reporting period therefore no material issues need disclosed.
16. WINDING UP
Every member of the Company undertakes to contribute to the assets of the Company, in the event of
the same being wound up while it is a member, or within one year after it ceases to be a member, for
payment of the debts and liabilities of the Company contracted before it ceases to be a member, and of
the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributor'5
among theinselves, such amouiit as may be required not exceeding one pound.
17. SHARE CAPITAL
The Company is Limited by Guarantee and has no Share Capital
24

Star Nei
hbourhood Centre
Detailed Statement of Finaneial Activities
for the Year Ended 31 March 2025
31.3.25
31.3.24
INCOME AND ENDOWMENTS
Other trading activities
Fundraising and Donations
Childcare Fees
Interest Received
Sundry Income
115
12,356
156
19,943
189
400
20,532
12,627
Charitable activities
Grants
213,623
216,204
Total incoming resources
234,155
228,831
EXPENDITURE
Charitable activities
Wages
Pensions
Insurance
Telephone and Internet
Postage and stationery
Utilities
Volunteer Expenses
Programine Costs
Refurbishment costs
Cleaning
R¢pairs & Maintenance
Creche Resources
Resources
Health & Safety
Repaid to Dfc
D¢pr¢ciation of tangible fixed assets
Bank Charges
148,278
11,343
5,249
4,663
549
5,979
1,508
20,127
150,256
11,564
4,887
4,294
833
5,461
3,234
21,859
23,761
118
1,056
1,866
816
10,205
2,638
296
6,176
1,661
7,050
3,627
6,420
1,437
221,354
245,857
Support costs
Governance costs
Independent Examiners Fee
3,660
3,600
Total resources expended
225,014
249,457
Net incomel(expenditure)
9,141
(20,626)
This page does not form part of the statutory financial statements
25