Charity registration number 105492 Company registration number N1632897 (Northern Ireland} LCC COMMUNITY TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 LCC COMMUNITY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs M Agnew Mr B CAgnew MBE Mr S JAgnew Mr R Browne Mr R E Jennings MsSSOSmyth Secretary Mrs MAgnew Charlty number 105492 Company number N1632897 Principal address 1-3 Graham Gardens Lisbum Co Antrim BT28 1XE Registered office 1-3 Graham Gardens Lisbum CoAnlrim BT28 1XE Auditor GMCG Lisbum Century House 40 Crescent Business Park Lisbum BT28 2GN Bankers Santander Bridle Road Bootle Merseyside L30 4GB LCC COMMUNITYTRUST CONTENTS Page Trustees, report Independent auditorfs report 5-10 Stsiement offinancial aCtiV￿eS 11 Statement of financial position 12 Statement of cash ftows 13 Notes to the financial statements 14-25 LCC COMMUNIry TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitics preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102)" {effective 1 January 2019). Objectives and activities The mission and purpose of our organisation is to add value to people of all ages and backgrounds, through meeb'ng peoples, needs in a practical and holistic way and by creating opportunities for encouragement, mentoring, personal growih and skills development. The trustees have paid due regard to guidance issued by the Chanty Commission in deciding what activities the charity should undertake. Achievements and perfomiance LISBURN FOODBANK This year Foodbank refe￿alS has been steadily high after Ihe reversal of the post-pandemic decrease in Foodbank referrals we saw in 2021122. The ongoing cost of living crisis continues to have a huge impact on the need for all of the services LCC Community Trust provides, most notably in the Foodbank. In 2023-24, we supported 3,858 people with emergency food support, a decrease of 10/0 on the previous year bul still a 46/0 increase on the previous five years. This amounts to around 1 in 40 people in the Lisbum and Casllereagh council area. For the first time since 2015. our stock levels decreased as we gave out 72,195 kg and received in donati¢Jns of 70,961 kg. It is worth noting that purchased food accounts for the 3rd largest source of our stock now. The Foodbank continues to develop strategically. with the onboarding of a Data Insight and Developynent Lead in February 2023. LIS8URN ciry CHURCH Lisburn City Church is thriving with lots of families and a diversity of nationalib.es wrthin the church community. The continuation of praise and prayer nights have been an encouragement to many. KICKSTART SOCIAL SUPERMARKET The social supermarket saw another busy year. ￿th 323 people from 123 households supwrted with their weekly food shops for an average of 20 weeks. A5 part of each tneinbers personal development plan including wellbeing, budgeting, housing support, employment and other advice over 964 sessions. Through this project, we continue to partner with Fareshare and Neighbourty and distributed more than 25,438 kg of food surplus in 2023-24. We still have a weekly membership of 60 households with the average member attending the weekly shop for 6 months. We are consistently assessin9 need and are flexible in our approach to support to ensure we are not signing people off who have to return for help within a few weeks. Thi5 has led to us offering the option of 'magic bags, through the To Good To Go app for members signing off or for those who only need a little support but not the full wraparound. CHILDREN & YOUTH In 22123 we were able to employ a Family Support worker and the development of a partnership be￿een Bryson Care and LCC Community Trust in running our weekly Tiny Tots and After Schools sessions. In addition we were able to run multi generatsonal family nights for the whole family lo have fun and food logether and leam from each other. During the ￿0-week 2023 summer scheme. we provided hot meals and fun activities for around 56 children each week. LCC COMMUNITY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 MORE THAN FOOD More Than Food encompasses our other community based projects such as craft, cookery, and ESOL (English language) classes. We also partnered wth Bryson to see ctients successfvlly complete SIA training. We also successfvlly ran four sets of Wednesday cookery classes (12-14 partiapanls each time), helping our clients to develop new skills in using few ingredients and simple appliances such as airfryers and slowcookers to make utrib.ous meals. WELLBEING @ LCCCT Our wellbeing ambassador & wellbeing Advocate have been running a selection of courses, workshops & one off sessions this year. During 202&24. 6 cohorts or 26 people completed WRAP. In September 2023 we hosted a ne￿OrkIng day in pathership wtth other local organisations to increase local awareness of earfy inteNention ServI￿S for those facing financial hardship and food povety in our city. NOTABLE ACHIEVEMENTS IN 2023-2024 Total of 132 volunteers engaged wth the chartty Total of 4,929 hours were volunteered. which equates to £51.360 of volunteer time (based on the mnimum wage of £10.421hr) Events June 2023 '. 10 year anniversary of Lisbum Foodbank Septernber 2023 . Official launch of Communty MoneyAdvice Hub September 2023 ." Ne￿OrkIng event December 2023 '. Lisbum City Church becomes a Love Your Neighbour Hub March 2024 '. Guaranteeing the Essentials campaign Staff attended various training courses throughout the year and attained qualifications which included the following., Certified Level 3 Welfare Advisor Community MoneyAdvice training First Aid training Food hygiene Mentsl Health First Aid Community Resilience Training LCC COMMUNITY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review The results are sel out in detail on pages 11 to 25. The charity returned net incoming resources for the year of £262,92612023 - £320,349) leaving unrestricted fijnds of £359,832 12023 - £247,533) of which £153,413 12023 £116.712) has been designated by the Board at the year end and restricted funds of £716,616 (2023 - 565,989). It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six monlh's expenditure. The trustees consider that reserves at this level wll ensure that, in the event of a significant drop in fvnding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of resetwes has been maintained throughout the year. Plans for future periods What Next? Looking to 2024-25, we are exctted to be developing our new strategic plan. The Pathfinders program with Trussell is coming to an end it has been good to reflect on our work and mission. As we restructure, we are coming back to our true vision & values as LCCCT and continue to strengthen our partnerships across the city to ensure referrals work both ways so we can support as many people as possible to become self sufficient in our community. Structure, governance and management The charity is a company limited by guarantee registered with the Charity Commission for Northem Ireland and a registered charity for taxation purposes. The trustees, who are also the directors for the purpose of company law, and who served during theyear and up to the dale of signature of the financial statements were.. Mrs MAgnew Mr B CAgnew MBE Mr S J Agnew Mr R Browne Mr R E Jennings MsSSOSmWh None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. LCC COMMUNITY TRUST TRUSTEES. REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of trustees. responsibilities The trustees, who are also the directors of LCC Communty Trust for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in ac£ordance with applicable law and United Kingdom Accounting Stsndards {Unf(ed Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the chartty and of the incoming resoU￿S and application of resources. including the income and expendlture, of the charttable company for that year. In preparing these financial statements. the trustees are required to-. select suitable accounting policies and then apply them consistenly. - observe the methods and principles in the Charities SORP 2019 (FRS 102).. - make judgements and estimates that are reasonable and prudent" state whèther applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial stalements," and prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the charity 11 continue in operation. The trustees are responsible for keeping adequate accounting records that disdose wtth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor In accordance with the companws articles, a resolution proposing that GMCG Lisbum be reappointed as auditor of the company will be put at a General Meeting. This report has been prepared in accordance wyth the prowsions applicable to companies entitled to the small companies. exemption. Disclosure of infomiation to auditor Each of the trustees has confirmed that there is no infomation of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have ftjrther confimed that they have taken appropriate steps to identity such relevant information and to establish that the auditor is aware of such information. The trustees, report was approved by the Board of Trustees. Mrs Trustee ew LCC COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LCC COMMUNITY TRUST Opinion We have audited the financial statements of LCC Communty Trust (Ihe 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the statement of financial position, the statement of cash fiows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of I￿land (United Kingdom Generally Accepted AcGOUnting PraGtice). In our opinion, the financial ststements= give a true and fair view of the stale of the charttable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, induding its income and expendibJre, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿,. and have been prepared in accordance ￿th the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Slandards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit ol the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are ￿levant to our audit of the financial ststements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe ihdl Ilie ciudit evideiibE we have obtained 15 Sufficient an(J appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate_ Based on the work we have perfomied. we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubl on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issu8. Our responsibilities and the responsibiltties of the trustees wth ￿SpeCt to going concern are described in Ihe relevant sections of this report. LCC COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LCC COMMUNITYTRUST Other infonnation The other information comprises the infomiation induded in the trustses annual report other than the financial ststements and our auditors report Ihereon. The trustees are responsible for the other infomiation contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent othewse expliciuy stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent wth Ihe finanaal statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially rnisslated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misststement in the financial statements themselves. If, based on the work we have perfomed, we condude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinlons on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audil.. the information given in the trustees, report for the financial year for which the financial statements are prepared, which includes the directors. report prepared for the purposes of company law, is consistent with the financial statements: and the directors, ￿port induded within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audtt, we have not identified material misstatements in the directors. report included within the trustees, report We have nothing to report in respect of the following matters in ￿lation to which the Companies Act 2006 requires us to report to you if. in our opinion. adequate accounting ￿CordS have not been kepL or retums adequale for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement wth the accoLtnting records and retums., or certain disclosu￿S of trustees, remuneration specified by law are not made.. or we have not received all the infom)ation and explanations we require for our audit- or the trustees were not entitied to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exempt.ons in preparing the trustees, report and from the requirement to prepare a strategic report. LCC COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LCC COMMUNITY TRUST Responsibilities of trustees As explained more fully in the statement of tnJstees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law. are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees detemine is necessary to enable the preparation of financial statements that are free trom material misstatement, whether due to fraud or error. In preparing the financial stalemenls, the trustees are responsible for assessing the charity's ability to continue as a going concem, dlsclosing, as applicable, tnatter5 relaled lo going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilrties for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assuran￿ bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, indiwdually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instsnces of non-compliance with laws and regulations. We design procedures in line wlh our responsibilities, outlined above, to detect malerial misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detects'ng irregularikn'es, including fraud, is detailed below. LCC COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LCC COMMUNITY TRUST Extent to whlch the audit was considered capable of detecting irregularities. including fraud We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those r(sks. including obtaining audrf( evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing potential risks of material misstatement in respect of irregularities, induding fraud and non-compliances wth laws and regulations. we considered the following-. The nature of the industry and sector, control environment and business perfomance. including the charitable company's remuneration policies for directors, bonus levels and performance targets, if any. Results of our enquiries of management about their own identification and assessment of the risks of irregular5ties- Any matters we identified having obtsined and reviewed the charitable companys documentation of their policies and procedures relating to.. Identitying, evaluating and complying with laws and regulations and whether they were aware of any instance of non-compliance" Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud-. and The intemal controls established to mttigate risks of fraud or norFcompliance with laws and regulations., The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud. As a result of these procedures, we considered the opportunittes and in￿ntiveS that may exist within the charitable company for fraud and identified the greatest potential for fraud in income recognition. In common wtth all audits under ISAS {UKI, we are also required to perfomi specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on provislons of those laws and regulations that had a direct effecl on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006. and local tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance wth which may be fundamental to the company's abilty to operate or to a)rt)id a material penalty. LCC COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LCC COMMUNITY TRUST Audit response to rlsks identified Our procedures to respond to the risks identified included the followng= Reviewng the financial statement disclosures and lesb.ng to supporting documentation lo assess compliance wrth provisions of relevant laws and regulations described as having a direct effect on the financial statements., Enquiring of management COn￿ming actual and potential litigation and claims. Performing analytical procedures to identify any unusual or unexpeded relalionships that may indicate risks of material misstatement due to fraud., Reading minutes of meetings of those charged wth govemance and reviewing Corresponden￿ with tax authorities., and In addressing the risk of fraud through rnanagemenl overnde of controls, tesling Ihe appropriateness of journal entries and other adjustments-, assessing whether the judgements made in making accounting estimates are indicative of a potential bias., and evaluating the business rationale of any significant transadions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indirAtions of fraud or non (21.000) 158,022 34,638 131,0591 At 31 March 2024 47,440 114,161 161,601 Depreciation and impairnient At 1 April 2023 Depreciation charged in the year Eliminated in resped of disposals 34.582 8,525 (10,059) 50.587 23,342 {8,400) 85,169 31,867 (18,4591 At 31 March 2024 33,048 65,529 98,5T7 Carrying amount At 31 March 2024 14.392 48,632 63,024 At 31 March 2023 17.029 55,824 72,853 14 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued income 2,100 56,037 96.853 96,853 58,137 15 Creditors: amounts falling due within one year 2024 2023 Other tsxation and social securty Trade creditors Other creditors Accruals and deferred income 3,763 11.242 1,122 8,223 3,940 12,597 1,077 14,082 24,350 31,696 16 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 5.304 4,379 LCC COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Retirement benefit schemes (Contlnuedl The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately trom those of the charity in an independendy administered fund. 17 Restricted funds The restricted fijnds of the chartty comprise the unexpended balan￿S of donations and grants held on trust subject lo specific conditions by donors a5 to how they may be used. At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 LCC Community Trust Food Bank Kick Start Lisburn City Church WRAP mental health & wellbeing 134,908 242,470 175,209 167,829 317,774 113,031 4,840 (169,903) (146,322) (122,5031 (4,840) 132,834 413,922 165.737 13,402 3,748 (13,0271 4,123 565,989 607,222 1456,595) 716,616 Previous year: At 1 April 2022 Incoming resources Resources expended Transfers At 31 March 2023 LCC Community Trust Food Bank Funded Salaries Kick Start Lisburn City Church VVRAP mental health & wellbeing 61.662 65,749 130,698 45.738 144,671 198,804 {103,217) (76,979) 31,792 54,896 (130,698) 37,255 7.272 134,908 242,470 201,186 4,510 (108,970) (11,7821 175,209 22,710 (9.308) 13,402 303,847 571.881 {310,256) 517 565,989 LCC Community Trust Funding to cover the range of projects and acts"vities carried out wthin the charity. Foodbank Funding and donatsons re￿iVed to cover costs of running the foodbank. Klckstart Funding and donations received lo cover the costs of running the social supermarket Llsburn City Church Funding and donations received towards running and upkeep of Lisbum City Church WRAP mental health & wellbeing Funding received to run mental health and well being sessions for those in need in the bcal community. -23- LCC COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Designated funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific condttions by donors and grantors as to how Ihey may be used. These include designated fvnds which have been set aside out of unrestrtcted funds by the trustees for specific purposes. Movement in funds Movement in funds Incoming Balance at resour¢es 31 March 2024 Batance at 1 April 2022 IrEcoming resources Balance at 1 April 2023 expended Building fund 83,034 33,873 (195) 116.712 36,701 153,413 83,034 33,873 {195) 116.712 36,701 153,413 The Board of Trustees has agreed to designate funds at the year end for future building development. 19 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsllliabiltties) 31,824 328,008 31,200 685,416 63,024 1,013,424 359,832 716,616 1,076,448 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023- Tangible assets Current assetsllliabilitiesl 7,302 240,231 65.551 500.438 72,853 740,669 247,533 565.989 813,522 -24- LCC COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Operating lease commrtments Lessee At the reporting end date the chaTity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due a5 follows. 2024 2023 Within one year 22.500 21 Related party transactions There were no disclosable related paty transactions during the year12023- none)- 22 Cash generated from operations 2024 2023 Surplus for the year 262.926 320,349 Adjustments for.. Gain on disposal of tangible fixed assets Depreciation and impaimient of tangible fixed assets {3,9001 31,867 25,583 Movements in working capital.. Ilncreasel in debtors (Decreasellincrease in credrtors {38,716) {7,3461 {41,887} 12,903 Cash generated from operations 244.831 316.948 23 Analysls of changes in net funds The charity had no material debt during the year. -25-