Loughview Ti'aiiiii)g Services Limited
Statement of Financial Activities for the Year El ndeil 31 Imarch 2025
(Includino Income 2nd Expeiiditure Account and Statement (if Tot21 Recoullised Gaiijs
and Losses)
Unrestricted
funds
Resti'ieted
funds
TotAI
202)
ote
Ineoine and Endoiyments from:
Government ants
Charitable activities
Investment income
215,601
26,?26
241,827
20
1,084
1,084
Total income
216,705
?6.2?6
?42.9 J I
Expenditure on:
Chaiilable activities
{270,547)
(26.226)
(296,773)
Total expenditure
1270,547)
{26.226}
(296.77))
Net expeiiditure
(53,842}
(5),84?)
Net movenient in funds
(53,842)
Reconcili4?tioii of fuiids
Total funds brou<rlil fonvard
100.9J5
100,93)
Total funds carried fornvard
14
1.otal
2024
Unr&%tricted
Restricted
Note
Income from:
Govcmment orants
Cliaritable activities
Investiiient inccin)e
210,84J
6,508
1.183
244,5iJ
6,508
Total Inconie
218.iJ4
?52,??4
Expenditllre on:
Cliai-itable activities
{245.8?9)
{)J,690}
{?79.519)
Total Expenditure
{?45.829)
()3,690)
{279.i19)
N¢t exp¢5)diture
127,2951
{27,295)
Net inovement in f(Lnds
(27,295)
(27,295)
Recoiieilixtion of fuiids
Total fuiids brouulit forward
128,230
1 ?8,230
Total funds caiTied forward
14
100.935
100,935
All of die cliarity's activities derive from continuina operatioi)s during tlje above tivo periods.
Tlie fund5 bi'eakdown is slioNm'in note 14.
l-lic notes on patres 8 to 15 forni an iiitegral pait of tliese finaiscial staleinenls.

Lougliview Training Serviees Limited
(Registration nuMber: IP000258)
Balance Slieet as at 31 Mai'ch 202)
2025
2024
Note
'Fixed Assets
Tangible assets
660
1.509
Current assets
Debtors
Casli at bank and in liand
10
16,261
38,098
i4,359
106.424
Creditors: Amounts f2llin4y due within oiie year
12
(7,914)
(6,986)
P4et current assets
46,445
99,438
Net assets
47,105
100,947
Funds of the c112rity:
Unrestricted income fund5
Called up share capital
Unrestri¢icd
13
100,935
TotELI unrestricted funds
47.105
LOO,947
Total funds
14
47,105
100,947
We, as directors of Louuhview Trainin<y Services Liinited, stale that-.
(&) tlic cliai'itable comp&iy is availints itself of tlie excmption provided for by Cliapter 15 of Part 6 of tlie
Coinpanies Aci 2014;
{b) tlie cliaritable con)pany is availing itsclf of the exemption on thc g'ound.s that tiie conditions specified in
sectioii 359 are Satisfied.
{¢) no notice under subsection (I l of section 3)4 lias: in a¢¢ordan¢e willi sul)s¢¢tion {?) of tliat section, been
seived on tlie cliaritable compaiiy.
(d) Ive acknowled(re tlJe cliai'itable company's obljualions under tlie Conipanies Act 2014 to keep adequate
accountints records and prepare financial statements which uivt a true and fair view of the asseis, liabilities and
finJn¢ial position of ilic cliaritable cornpany at t17e eiid of its finaneial year and of its profit or loss foi- sueli a
ye&., and otlierwise coniply with the provisiolls of Coiiipanies Aet 2014 relatintr to finaiicial statements so far lls
they are applicable to the ch2ritable coinpany.
Tl)¢ financial statements on paues 6 to li wei'¢ appiDved by the trustee5, and authorised foi. issue on 18
Noveiiibei. ?0?5 and sign¢d on tlieir belialf by-
I r R Fiiilay
Cliairiiian and Tiwstee
Tl)e notes on paoes 8 to 15 fonii an inteui?I part of tliese fiiiaricial statements.
Page 7

Loughview Trainints Services Limiteid
Notes to the Finaneial Statements for tlie Year Ei nde,d 31 Mai'eh 2025
I Charity ststus
The charity is liniited by share capital, incorpoi'ated in Nortliern Ireland.
Tlie address of its i'euistered office is..
Twin Spires Centre
Unit HF5 Howard Building
Bclfast
Tliese financial stareinents were autl)01-is¢d for issue by tlie tn]stees on I S Nove.mber 2025.
2 Accountin￿ policies
Summary of signifieant aceountinu policies aud Iiey aeeounting estim2t£s
Tl)e priiicipal accountiii¢r policie5 applied in tli¢ preparation of these financial stateinents are set out below.
Tliese policies liave been consistently applied to all the years presenfr(L unless otherwise ststed.
St41tement of compliance
Tlie finan¢ial statements have been prepared in accordance iviih Accountinu and Repoiting by Ciiarities..
Stateineni of Recom1￿ended Practice applicable to charities preparing tlieir accounts in accordance ivith the
Financial Reportinty Siand2rd applicable in tlie LfK and Republic of Ireland (FRS 102} {effective l January
?015)- (Cliarities SORP (FRS 102)), and tIie Iiidustrial & Ptovideiit Societies ilct (Nl) 1969 and 1976.
Basis of preparation
Lougliview Training Services Liiiiited mecls tlie definition of a piiblic benefit -ntity under FRS 102. Assets and
liabilities al'e initially i'ecotrni5ed at liistorical cost oi. transaction value unles4', ot])erwise ststed in tlie relcvant
accountiniT
> policy notes.
The financial statenients have beeii prepared 01) & <toin<r concern basis a5 the Inistces Consider that there are iio
nialerial ui)certainties about tlie ehai'ity's abiliry to continiie as a ooints coni.crii nor any 5itriiificant areas of
uncertainty tliat affect tlie cariyints value of 2ssets held by the charity. Tlie trustees have coiisidercd botli tlie
level of fi]nd5 licld and tlie expected level of incoliie and expenditure for 12 inonths from #utliorisints these
finan¢ial statements, taking into consideration all relevant factors.
Inconie
All income is recognised oiice the ch21.ity has entitlement to the income, it is probable that tl)e incoine will be
received and Ilie amouiit of the income receivable can be Ineasured reliably,
Grunls receivable
Grants are recoonised wlien the chai'ity has an entitleinent to the fLinds and aiiy conditions linked to tiie ordnts
liave beeii iiiet. Ivliei-e performance coiiditions al'e attached to the urant and are yet to be Inet, t]ie iiicoiiie is
recoviiised as a liability and included on the balance slieet as defei'red iiiconie t,) be iyleased.
Page 8

Louoliview Traiiiiiig Servlces Limitei
Notes to tbe Financial Statements foi. the Year Ended 31 Marcli 2025
EX1)e￿dIt￿I-e
All expenditiire is reeognised once there is a legal or ¢onstruetive obli<Tation 'lo that experiditui-e, it is probable
settleiiieiit is required and the amount be measured I'eliably. All eosL<', ar¢ allocated to the applicable
expendituie Iieadino tliat aotyreuale 5iniilar costs to tliat catec¢oi'y. Myhere cosls cannot be directly attributed to
pailicular lieadinJo tl)ey l)ave been allocated oli a basis consistent witli t]Je u.5?'e of resources, NITltli centi'al stsff
costs allocated on tlie basis of tiine spent, and depreciation cliartre5 allocated oil tlie portion of die asset's use.
Other support Costs are allocated based on tlie spi'ead of staff cogts.
Clinriloble rtclivili
Charitable expenditiire comprises those costs incurred by tlie cliarity in the deliveiy of its aetivilies aiid services
foi. its beneficiaries. It includes both costs tliat can be allocated directly to su(;h activities and those costs of an
indii'ect natui'e necessary zo support t]iein.
Covei-liance costs
These inc5iide the costs attributable to the cliariry's compliancc with coiistitulional and statutory requirements.
includiiiu audit, s11-ate%YiC iiianaoement and tsuslees ii)¢etinTrs and reimbursed eypenses.
Taxation
The cliai.ity is considered to pass the tests set out in Pxrdgr2pli I Scliediile 6 of tli£ Finance Act 2010 and
tliei'cfoFe it meets the definition of & ¢liaritable coinpan), foi- UK corporation tax purposes. A¢¢ordinTrly, the
cliaiity is potcntially exenipt fro￿ taxation in respect of income or capital (rains i'ec¢ived witliin cateaories
covei'ed by Cliaptei- ) Part I l of tlie Corporation Act 2010 or Sectloii ?J6 of the Taxation of Charfteable
Gaiiis Act 1992, to the extent that such inconie OF.trains are applied exelusivelj, lo eharitable purposes.
Tangible fixed assets
Individual fixed assets ZIE initially recorded al eost. less any subsequer..t aeciiniulated depreciation and
subseqiieiit accLimul<1ted impairment losses.
Depreciation aiid amortisation
Depi'ecialion is provided on tangible fixed assets so as to write off tlie cost or valuatioii, less any cstimated
I'esidual value. over their &xpectcd us¢ful econoinic life as follows-
Asset clASS
Fixtui-es, fittinTrs and equipment
Depi'eciition metliod and I'Ate
?OQ/D Straiglit line
Ti'ade debtors
Ti?de debtors al'e amounts due from customers for mercl)andise sold or servires perfoi'tned in tlie ordiiiary
course of busitiess.
I'rnde debtoi3 are reco(rnised initially at the trnnsaclion price. They are sul)sequently nieasiii-ed at cost less
provision for iiiipairment." A provision for the impairment of tt2de debtors is establisli¢d wlien diere is objective
evidence tliat tlie cliarity will not be able ro collect all amounts due according io die orioinal tei'ins of tlie
re¢eivables.
Cash and ea511 equivalents
Casli and casli equivalerts comprise casli on l)aiid and Call deposits, and otliei. sliort.terim liitslily liquid
inveslnients IlTrat al-e Teadily convertible to a kni0￿￿ arnount of cash and are subjecc to an iiisignificant risk of
cliaiige in value.
Page 9

Loughview Trainiiig Seiwiees Limited
Notes to the Financial Statements for the Year Ended 31 arch 2025
Trade credltors
Trade creditors are obliuatioiis to pay foi. Doods oi. services tl)at have been acquired in the ordinary course of
biisiness fi'oim suppliei's. Accounts payable are classified as current liabilitie5 if the charity does iiot have an
uncoiiditioiial rialii at tlie end of tlie i-eportino period. to defer settlenient of tlie ¢reditor for at Icast rw¢lv¢
iiiondis after tlie reporEinu date. If tliere is an unconditioi)al I'juht to defer settleinent for at least tsvelve iiiontl)s
aftei. tlie rep.oi.tiiig date. tliey al'e presented as non-curreiit liabililies.
Ti'ade creditors Al-e I'ecoonised initially at the transaction piice artd subsequpntly measiii'ed at anioitised c05t
usino the effective iiitei'est Inctliod.
Fund structure
Unresb'icted ineoiiie funds are general funds that ar¢ available for uge at the trustees discretioii iii ￿rI1]e1.8nCe of
tl)e objectives of t]ic cliarity.
Designat¢d funds are unrestricted fuF)ds earmarked by tl)e tiwstees for particular puiyoses.
Restricted funds al-e to bc used for specific piirposes as laid down by the donor. Expenditure i¥hi¢h meets tliese
criteria is cli&r(yed to tlie fund, torretlier ivitli a fair allocatioii of manauement 2]id support Costs.
Pensions and othei- post retirement obligations
Tlie charity, opcrates a defined contribLltion penston sclieine whicl) is a pensioii plan und¢r ivliicli fixed
contributi0115 are paid snto a pension fund #lid the cliai'ity lias no legal or constructive oblitsation to pay fui'iliei.
conlributlolls exieii if tlie fund does not liold sufficicnt a55ets to pay all einplov¢¢s the benefits relating to
eniployee scrvice iii tlie current and prior periods.
Coiitributions to defiiied contribution plans are recorT¥Tised in tlie Statemcnt of Financial Activities wl?en tlie). are
diie. If coiitribution paynients exceed tlie contribution due for service, tlie excess is reco￿]1$ed as a prepayiiient.
Eneome froin charitable 2eÉii'ities
Unrestricted
fuiids
Genei-al
RestrÉcted
funds
Totsl
2025
Totsl
2024
Governnient training orants
Otiier Iiicoiiie
215,601
20
26.?26
944,5J)
6.508
20
215,6?1
26,226
241.847
251,041
3 Investiiient income
Uni'estricted
funds
General
Total
2025
Total
2024
Interest receivable and siniilar income-
Interest I'eceivable on baiik deposits
1.084
1,084
Paoelo

Loughview Training Services Limited
Notes to tlie Finantial Statements foi" tlie Year Ended 31 March 2025
4 Expenditure on'eharitable activities
Unresti-ieted
fiiiids
Genei'al
Resti-ieted
fuiids
Total
202)
Total
2024
Eniploynient costs
Industry Trainino boiius
Tuition costs
E¥aininatioi) and registration fees
St2ff travel, coi)f¢i'ences
RcT]t and rates
Heat litrht and power
Insur2nce
Repaiis
Telephone
Postaoe stationery 2nd advertisinu
FTospitslity
Suiidi'y expciises
Baiik charges
Depreciation
182.00?
182,00?
26,226
40,664
5.617
12.955
4.680
166,918
33,690
27,826
26,226
40,664
5,617
12,955
4,680
1.529
2.980
4.160
4.472
1,818
156
3,685
500
849
14,0?2
4,680
?,980
4,160
4,472
1,818
156
3.685
500
849
2,86?
4.734
4.506
1,510
280
458
849
266,067
292,293
?75,173
In addition to tlie expenditui"e analysed abovc, tliere are also oovernance costs of £4.480 12024 - £4,J46) which
relate dirccily to cliaritxble activities. See iJote 5 foi. furtlier det2ils.
5 AiJalysT$ of uovernance 2nd support eosts
Govei'iiance costs
Uni'estricted
Total
2025
Total
2024
Genei'xl
Indepeiident exaiiiin¢L- fe¢s
Exaininatioii of the finan¢ial starein¢nts
Lco81 and professioiial fecs
2.372
2.108
2,108
2,108
4,480
4,480
Page 11

Lou*7hview Ti'ainin(v Services Limited
Notes to the Financlal Statements for the Year Ended 31 March 2025
6 StAff costs
Tlie aggreoate payroll costs were as follows:
2025
2024
Staff costs dul'ln￿ the year wei'e:
Wages and salai-ies
Social security costs
Peiisioi) costs
Otlier staff Costs
164,604
8.214
8,729
455
149,427
6.0?6
18?,00?
166,918
Tlie nionthly average number of persons {including senioi. managenient I lettdeiship team) employed by the
cl)arity dlirintr tlie yeai. expressed as full time equivalents was as follows..
2025
2024
Administration and Irainints
No employee r£¢eived emOlU￿7¢nts of iiiore tlian £60.000 durinu tlie year.
7 Independent examinei's i'emuThei'xtion
2025
2024
Ex-amination of tlie financial stateiiients
8 Taxation
The ¢harity is a Fegist¢r¢d charity and is tlierefore exenipt from tsxation.
Paoe l?

Louuhview Tr2inin(s Services Limited
Notes to the Financial Statements for tlie Year Ended 31 March 2025
9 Taugible fixed assets
Fixtures,
rittinas And
equipment
Total
Cost
At l April 2024
At J l March 2025
21,142
21,147
?1,142
Depreet2tion
At l April 20?4
Cliar(Fe for tlie year
19,633
849
849
Ai ) l NIarcli 2095
20,48?
20,48?
Net book value
AtJ l Mairh 2025
660
660
At ) l Marcli ?024
1.509
1,509
10 Debtors
202)
2024
Trade debtors
Prepayiiients
Otlier debtois
1,956
9013
900
16,?61
I I Cxsh and CAsh £quivalents
202)
2024
Cash on hand
Cash at baiik
76
71,311
12 Ci'editoiB: Amouuts fxllii)u due within one year
2025
2024
. A¢¢i'uals
7,914
6,986
Page l)

Lougliview Training Servyces Limited
Notes to the Financial Statements for tlie Year E4 nded 31 Marcl) 2025
13 Share e2Pitg1
Allotted, Called up and fully paid sli2res
2025
2024
Ordinary Shares of £1 each
12
12
12
12
14 Funds
B218nce.qt I
April 2024
Iiiconiin
resoui-ceg
Resourcts
e.ipeiEded
Balance at JI
Marclk 202)
Unrestricted funds
General
100,9J5
216.705
(?70,547)
(26.226
47.093
Restricted funds
26,226
TotAI funds
100,935
242,9)]
(296,773)
Balance at I
April 2023
Incomintr
resoui'cts
Resources
eipended
BAlallce at 31
March 2024
Uni-tstricted funds
Generdl
128 ?JO
-218.5J4
(245.8?9)
100.9J5
Restricted funds
(33,690)
TotAI funds
?59,224
(?79,)19)
100,9J5
15 An4ilysis of net assets between funds
['InJ'estricted
funds
Cenei'AI
Totsl funds #t
31 Iwlarcli
2025
TanrNible fixed assets
Curr¢nt assets
Curi'eiit li2bilities
660
660
(7,914)
(7,914)
Total net assets
47,105
47,105
Patre 14

Loughview Traijiing Services Limited
Notes to the FAnancial Statements for tlie Year Ended 31 March 2025
16 RelAted paity transactions
Ti'ustee5
Tlie eliarity is controlled by Ihe tn]stees iyho are all directors of the comp2ny.
Two trustees i-e¢eived rei)iiinei?tioA durino dle year by virtLie of theii- einployment with the company.
Page 15