## **L'ARCHE BELFAST** ## **STATEMENT OF FINANCIAL ACTIVITIES (Incorporating the Income and Expenditure Account)** ## **FOR THE YEAR ENDED 31 MARCH 2025** ||**Unrestricted**|**Unrestricted**|**Restricted**||| |---|---|---|---|---|---| |||**Funds**|**Funds**|**Total**|**Total**| ||**Note**|**2025**|**2025**|**2025**|**2024**| |||**£**|**£**|**£**|**£**| |**Income and endowments from:**|||||| |Donations and legacies|3|30,024|144,290|**174,314**|270,468| |Charitable activities:
|4||||| |Care management||1,013,228|-|**1,013,228**|746,659| |Housing benefit||66,116|135,019|**201,135**|207,089| |Core members’ contributions||112,506|-|**112,506**|118,745| |Direct payment services||322,726|-|**322,726**|268,056| |Belfast HSC Trust contracts||-|95,144|**95,144**|87,179| |Other trading activities:|||||| |Root Soup Sales||6,640|-|**6,640**|9,651| |Garden Produce Sales||4,145|-|**4,145**|8,354| |Fundraising Income||26,861|-|**26,861**|12,564| |Investment income||1,742|-|**1,742**|1,186| |Other income||-|-|**-**|-| |||________|_______|________|________| |**Total**||1,583,988|374,453|**1,958,441**|1,729,951| |||=======|======|=======|=======| |**Expenditure on:**|||||| |Raising funds|5|2,925|12,144|**15,069**|17,105| |Charitable activities|6|1,022,058|856,287|**1,878,345**|1,722,631| |||________|_______|________|________| |**Total**||1,024,983|868,431|**1,893,414**|1,739,736| |||=======|======|=======|=======| |**Net income/ (expenditure)**|8|559,005|(493,978)|**65,027**|(9,785)| |**Transfers between funds**|13|(475,799)|475,799|**-**|-| |||_______|_______|_______|_______| |**Net movement in funds**||83,206|(18,179)|**65,027**|(9,785)| |Fund balances brought forward at 1 April||518,403|57,322|**575,725**|585,510| |||_______|_______|_______|_______| |**Fund balances carried forward at 31 March**||601,609|39,143|**640,752**|575,725| |||======|======|======|======| The Statement of Financial Activities includes all gains and losses in the year. The notes form part of these financial statements Page 9 ## **L'ARCHE BELFAST (REGISTERED NUMBER: NI040702)** ## **BALANCE SHEET 31 MARCH 2025** ||||**31.3.25**|||31.3.24|| |---|---|---|---|---|---|---|---| ||**Note**|**£**||**£**|£||£| |**FIXED ASSETS**|||||||| |Tangible assets|10|||**206,646**|||250,688| |**CURRENT ASSETS**|||||||| |Debtors|11|**57,196**|||127,887||| |Cash at bank and in hand||**451,528**|||262,314||| |||**508,724**|||390,201||| |**CREDITORS**|||||||| |Amounts falling due within one year|12|**74,618**|||65,164||| |**NET CURRENT ASSETS**||||**434,106**|||325,037| |**TOTAL ASSETS LESS CURRENT LIABILITIES**|**TOTAL ASSETS LESS CURRENT LIABILITIES**|||**640,752**|||575,725| |**NET ASSETS**||||**640,752 **|||575,725| |**FUNDS**|13||||||| |Restricted Fund||||**39,143**|||57,322| |Unrestricted Fund|||||||| |-
Designated funds||||**367,987**|||339,615| |-
Undesignated funds||||**233,622**|||178,788| |||||**640,752**|||575,725| The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 10/11/2025 The financial statements were authorised for issue by the Board of Directors on ............................................. and were signed on its behalf by: Paul Tynan snd (514 Paul Tynan (Nov 10, 2025 23:40:16 GMT) ........................................................................ ........................................................................ Mr M F Sheil Mr P Tynan The notes form part of these financial statements Page 10 ## **L'ARCHE BELFAST** ## **STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2025** |**Note**
**Cash flows from operating activities**
**_Net cash provided by/(used in)operating activities_**
**CF1**
**Cash flows from investing activities**
Bank interest
Proceeds from sale of fixed assets
Purchase of fixed assets
**_Net cash provided by/(used in) investing activities_**
**_Change in cash and cash equivalents in the year_**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of year**
**CF2**
**CF1. Reconciliation of net income/ (expenditure) to net**
**cash flow from operating activities**

Net income for year (as per Statement of Financial Statements)
**Adjustments for:**
Depreciation charges
Bank interest

(Profit)/loss on sale of fixed assets

Movement in debtors
Movement in creditors

**_Net cash provided by operating activities_**
**CF2. Analysis of cash and cash equivalents**
Cash at bank and in hand
**Total cash and cash equivalents**|**31.03.25 **
**£**
**189,568**
**1,742**
**-**
**(2,096)**
**(354)**
**189,214**
**262,314**
**451,528**
**31.03.25**
**£ **
**65,027**
**46,138**
**(1,742)**
**-**
**70,691**
**9,454**
**189,568**
**31.03.25 **
**£ **
**451,528**
**451,528**|31.03.24
£
117,621
1,186
1,000
(76,829)
(74,643)
42,978
219,336
262,314
31.03.24
£
(9,785)
46,995
(1,186)
(1,000)
66,180
16,417
117,621
31.03.24
£
262,314
262,314| |---|---|---| The notes form part of these financial statements Page 11 **L'ARCHE BELFAST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. NATURE OF COMPANY** L’Arche Belfast is a private company limited by guarantee with charitable status incorporated in Northern Ireland. The charity’s registered number and registered office address can be found in the Company Information on page 1. The members of the company are the trustees also detailed on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. ## **2. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared on the going concern basis under the historical cost convention and 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 the Republic of Ireland (FRS 102) (effective 1 January 2019) and the Companies Act 2006. The following is a summary of the significant accounting policies adopted by the charitable company in the preparation of the financial statements. ## **Incoming Resources** All incoming resources have been included in the Statement of Financial Activities and have been recognised where there is entitlement to the income, certainty of receipt and it can be measured reliably. For legacies, the entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. Income from government and other grants whether capital grants or revenue grants are recognised when the charity has entitlement to the funds, any performance conditions allocated to the grants have been met, it is probable the income will be received and the amount can be measured reliably and is not deferred. ## **Expenditure** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. - Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. - Charitable expenditure comprises 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. - Governance costs are the costs associated with the governance arrangements of the charity and are primarily associated with constitutional and statutory requirements. - All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas or per capita, staff costs by the time spent and other costs by their estimated usage. continued... Page 12 **L'ARCHE BELFAST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **2. ACCOUNTING POLICIES - continued** ## **Fund Accounting** The company has various types of funds for which it is responsible and which require separate disclosure. These are as follows: ## (i) Restricted funds Grants or donations received which are designated by the donor for specific purposes. Such purposes are within the overall aim of the charity. ## – (i) Unrestricted funds Undesignated Reserves Funds which are expendable at the discretion of the company in the furtherance of the objectives of the charity. ## – (i) Unrestricted funds Designated Reserves Funds which have been set aside by the company to act as a contingency to ensure continuity of service. Designated funds continue to count as part of the unrestricted funds of the charity. ## **Irrecoverable VAT** All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred. ## **Tangible fixed assets** Tangible assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the assets. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property - 15% on reducing balance Fixtures, fittings and equipment - 15% on reducing balance Motor Vehicles - 25% on reducing balance Computer Equipment - 33% on cost ## **Pension costs** 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 the period to which they relate. ## **Holiday pay accrual** A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and is available to carry forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date. ## **Taxation** There is no liability to taxation due to the charitable status. ## **Operating Leases** L’Arche classifies the lease of office equipment, motor vehicles and premises as operating leases. The title to the equipment, vehicles and premises remains with the lessor. Rental charges are charged on a straight line basis over the term of the lease. ## **Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid of the transaction price. ## **Creditors** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. continued... Page 13 ## **L'ARCHE BELFAST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **2. ACCOUNTING POLICIES - continued** ## **Financial Instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. These are initially recognised at transaction value and subsequently measured at their settlement value. ## **Judgements and key sources of estimation uncertainty** The following judgements including those involving estimates 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 within 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. continued... Page 14 ## **L'ARCHE BELFAST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **3. INCOME – Donations and legacies** |Donations
Grants:
Belfast City Council
Enkalon Foundation
The National Lottery Community Fund People
and Community
The National Lottery Community Fund
Dormant accounts fund NI
Lisburn & Castlereagh City Council
Arts Council
Forbes Charitable Foundation
Wolfson Foundation
Will Charitable Trust
People 1st|**L’Arche**
**Village**
**Developing**
**Long-Term**
**Sustainability**
**Wolfson**
**Transport**
**Project**
**Ember**
**Summer**
**House**
**Total**
**Restricted**
**Funds**
**Unrestricted**
**Funds**
**Total**
**Funds**
**2025**
**Total**
**Funds**
**2024**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
-
**-**
**-**
**-**
**-**
**30,024**
**30,024**
35,159
495
**-**
**-**
**-**
**495**
**-**
**495**
500
500
**-**
**-**
**-**
**500**
**-**
**500**
-
124,576
**-**
**-**
**-**
**124,576**
**-**
**124,576**
125,417
-
16,886
-
-
**16,886**
**-**
**16,886**
34,392
1,275
**-**
**-**
**-**
**1,275**
**-**
**1,275**
5,842
-
**-**
-
-
**-**
**-**
**-**
2,000
-
**-**
-
-
**-**
**-**
**-**
3,000
-
**-**
-
-
**-**
**-**
**-**
58,100
-
**-**
-
-
**-**
**-**
**-**
5,500
558
**-**
-
-
**558**
**-**
**558**
558| |---|---| ||127,404
16,886
-
-
**144,290**
**30,024**
**174,314**
270,468| In the prior year, £35,159 of donations related to Unrestricted Funds. In the prior year, £235,309 of grants related to Restricted Funds. continued... Page 15 ## **L'ARCHE BELFAST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **4. INCOME – Charitable activities** |**L’Arche**
**Village**
**Core**
**Members**
**Total**
**Restricted**
**Funds**
**Unrestricted**
**Funds**
**£**
**£**
**£**
**£**
**-**
**-**
**-**
**887,658**
**-**
**-**
**-**
**48,467**
**-**
**-**
**-**
**77,103**|
**Total**
**Funds**
**2025**
**Total**
**Funds**
**2024**
**£**
**£**
**887,658**
635,405
**48,467**
20,190
**77,103**
91,064
**1,013,228**
746,659
**66,116**
65,008
**135,019**
142,081
**201,135**
207,089
**112,506**
118,745
**322,726**
268,056
**34,703**
32,377
**13,062**
10,599
**47,379**
44,203
**-**
-
**95,144**
87,179| |---|---| |**-**
**-**
**-**
**1,013,228**|| |**-**
**-**
**-**
**66,116**
-
135,019
**135,019**
**-**|| |-
135,019
**135,019**
**66,116**|| ||| |
**-**
**-**
**-**
**112,506**|| ||| |
**-**
**-**
**-**
**322,726**|| |
34,703
**-**
**34,703**
**-**
13,062
**-**
**13,062**
**-**
47,379
**-**
**47,379**
**-**
-
**-**
**-**
**-**|| |95,144
-
**95,144**
**-**|| ||| In the prior year, £229,260 of income from charitable activities related to Restricted Funds and £1,198,468 related to Unrestricted Funds. continued... Page 16 ## **L'ARCHE BELFAST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **5. EXPENDITURE – Raising funds** |||**Total**||**Total**|**Total**| |---|---|---|---|---|---| ||**Developing Long-**|**Restricted**|**Unrestricted**|**Funds**|**Funds**| ||**Term**|**Funds**|**Funds**|**2025**|**2024**| ||**Sustainability**||||| ||**£**|**£**|**£**|**£**
|**£**| |
Staff costs|12,144|**12,144**|**-**|**12,144**|14,908| |Advertising|-|**-**|**610**|**610**|-| |Platform & regulatory fees|**-**|**-**|**2,113**|**2,113**|1,989| |Telephone charges|**-**|**-**|**-**|**-**|13| |Post and stationery|**-**|**-**|**-**|**-**|150| |Repairs and renewals|**-**|**-**|**-**|**-**|45| |Food and household|||**202**|**202**|-| ||12,144|**12,144**|**2,925**|**15,069**|17,105| continued... Page 17 ## **L'ARCHE BELFAST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **6. EXPENDITURE – Charitable activities** |Wages and salaries
Food and household
Rent
Rates and water
Heat and light
Repairs and renewals
Motor expenses
L’Arche International
Insurance
The Village expenditure
Root Soup expenditure
Grow Cook Cater expenditure
Depreciation–fixtures & fittings
Depreciation–motor vehicles
Depreciation–computer equipment
Depreciation–improvements to property
Loss on disposal of tangible fixed assets
Travelling
Telephone charges
Carried forward|**L’Arche**
**Village**
**Developing**
**Long-Term**
**Sustainability**
**Wolfson**
**Transport**
**Project**
**Ember**
**Summer**
**House**
**Core**
**Members**
**Total**
**Restricted**
**Funds**
**Unrestricted**
**Funds**
**Total**
**Funds**
**2025**
**Total**
**Funds**
**2024**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
502,739
10,317
-
-
135,019
**648,075**
**746,441**
**1,394,516**
1,203,311
12,916
**-**
**-**
**-**
**-**
**12,916**
**58,287**
**71,203**
75,446
26,415
**-**
**-**
**-**
**-**
**26,415**
**73,173**
**99,588**
101,051
755
**-**
**-**
**-**
**-**
**755**
**(1,079)**
**(324)**
2,939
9,587
**-**
**-**
**-**
**-**
**9,587**
**23,479**
**33,066**
43,906
7,360
**-**
**-**
**-**
**-**
**7,360**
**3,935**
**11,295**
23,976
22,890
**-**
**-**
**-**
**-**
**22,890**
**6,122**
**29,012**
29,642
3,486
**-**
**-**
**-**
**-**
**3,486**
**5,103**
**8,589**
4,200
10,021
**-**
**-**
**-**
**-**
**10,021**
**14,668**
**24,689**
18,745
15,301
**-**
**-**
**-**
**-**
**15,301**
**-**
**15,301**
19,460
2,410
**-**
**-**
**-**
**-**
**2,410**
**89**
**2,499**
1,010
12,544
**-**
**-**
-
**-**
**12,544**
**58**
**12,602**
22,035
10,231
**-**
**-**
500
**-**
**10,731**
**14,976**
**25,707**
29,544
607
**-**
12,104
-
-
**12,711**
**888**
**13,599**
11,676
1,665
**-**
**-**
**-**
**-**
**1,665**
**2,438**
**4,103**
2,964
1,108
**-**
**-**
**-**
**-**
**1,108**
**1,621**
**2,729**
2,811
-
**-**
**-**
**-**
**-**
**-**
**-**
**-**
(1,000)
395
**-**
**-**
**-**
**-**
**395**
**4**
**399**
3,221
7,478
**-**
**-**
**-**
**-**
**7,478**
**16,063**
**23,541**
16,894| |---|---| ||647,908
10,317
12,104
500
135,019
**805,848**
**966,266**
**1,772,114**
1,611,831| continued... Page 18 ## **L'ARCHE BELFAST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **6. EXPENDITURE – Charitable activities (continued)** |Brought forward
Training and development
Recruitment expenses
Printing postage and stationery
Advertising
Sundry expenses
Computer expenses
Bank charges
Auditors’ remuneration
Accountancy fees
Professional fees
Bad debt write off
Total|**L’Arche**
**Village**
**Developing**
**Long-Term**
**Sustainability**
**Wolfson**
**Transport**
**Project**
**Ember**
**Summer**
**House**
**Core**
**Members**
**Total**
**Restricted**
**Funds**
**Unrestricted**
**Funds**
**Total**
**Funds**
**2025**
**Total**
**Funds**
**2024**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
647,908
10,317
12,104
500
135,019
**805,848**
**966,266**
**1,772,114**
1,611,831
3,181
-
-
-
**3,181**
**5,599**
**8,780**
10,451
3,177
-
-
-
**3,177**
**4,650**
**7,827**
18,979
2,597
-
-
-
**2,597**
**1,329**
**3,926**
5,463
-
-
-
-
**-**
**-**
**-**
908
18,552
-
-
-
**18,552**
**17,651**
**36,203**
35,677
2,788
-
-
-
**2,788**
**3,792**
**6,580**
6,491
653
-
-
-
**653**
**868**
**1,521**
1,445
3,702
-
-
-
**3,702**
**5,418**
**9,120**
11,400
1,664
-
-
-
**1,664**
**2,436**
**4,100**
9,975
14,125
-
-
-
**14,125**
**14,184**
**28,309**
10,012
-
-
-
-
**-**
**(135)**
**(135)**
(1)| |---|---| ||698,347
10,317
12,104
500
135,019
**856,287**
**1,022,058**
**1,878,345**
1,722,631| The basis of allocation of the support costs identified above is a mixture of the percentage of time spent on each activity and the pro rata cost of each direct cost when compared to the support cost. continued... Page 19 **L'ARCHE BELFAST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **7. FINANCIAL INSTRUMENTS** The fair valued carrying amounts of the charity’s financial instruments, being debtors and creditors, are given in notes 11 and 12. The only income from the charity’s financial instruments is the bank deposit interest receivable, as disclosed under investment income in the statement of financial activities. ## **8. NET INCOMING RESOURCES** Net Incoming Resources is stated after charging:- ## **9.** |Fees payable to auditor for audit of accounts
Fees payable to auditor for accounting assistance
Depreciation
(Gain)/Loss on disposal of fixed assets
Operating lease expense
**STAFF COSTS AND DIRECTORS EMOLUMENTS**
Wages and salaries
Social security costs
Pension costs|**2025**
**£**
**9,120**
**-**
**46,138**
**-**
**71,277**
=====
**2025**
**£**
**1,282,121**
**99,250**
**25,289**
**1,406,660**|**2024**
**£**
11,400
-
46,995
(1,000)
68,196
=====
**2024**
**£**
1,120,732
77,153
20,334| |---|---|---| |||1,218,219| The average number of employees during the year was 65 (2024: 60). The directors received no remuneration in the course of their work during the year and no employees received total employee benefits in excess of £60,000. Compensation paid to key management personnel in the year to 31 March 2025 was £57,805 (2024: £52,834). ## **10. TANGIBLE FIXED ASSETS** |**TANGIBLE FIXED ASSETS**|||| |---|---|---|---| |**Improvements**
**to**
**Property**
**£**
**COST**
At 1 April 2024
22,650
Additions 1,000
Disposals -
At 31 March 2025**23,650**
**DEPRECIATION**
At 1 April 2024 4,872
Charge for year
2,729
Eliminated on disposal
-
At 31 March 2025**7,601**
**NET BOOK VALUE**
At 31 March 2025 **16,049**
At 31 March 202417,778|**Fixtures**
**and**
**fittings**
**£**
254,153
179
-
**254,332 **
82,952
25,707
-
**108,659**
**145,673**
171,201|**Motor**
**Computer**
**vehicles**
**equipment**
**£**
**£**
88,391
34,878
-
917
-
-
**88,391 **
**35,795**
33,995
27,565
13,599
4,103
-
-
**47,594 **
**31,668**
**40,797**
**4,127**
54,396
7,313|**Totals**
**£**
400,072
2,096
-
**402,168**| ||||149,384
46,138
-
**195,522**
**206,646**
250,688| Page 20 continued... ## **L'ARCHE BELFAST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** |**11.**
**DEBTORS**
Independent Living Fund
Domiciliary care fees
Due from members
Root soup debtors
Direct payment services
Housing Executive rent & supporting people
Bad debt provision
Prepayments and accrued income
Supplier debit balances
**12.**
**CREDITORS: amounts falling due within one year**
Trade creditors
Accruals and deferred income
Taxation and social security|**2025**
**£**
**-**
**23,043**
**20**
**-**
**7,176**
**11,343**
**(1,309)**
**16,923**
**-**
**57,196**
**2025**

**£**
**13,909**
**36,927**
**23,782**
**74,618**|**2024**
**£**
7,706
83,129
3,142
1,800
12,456
11,583
(3,442)
7,207
4,306
127,887
**2024**
**£**
12,451
34,480
18,233| |---|---|---| |||65,164| Page 21 continued... ## **L'ARCHE BELFAST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **13. ANALYSIS OF CHARITABLE FUNDS** ||||||**At 31**| |---|---|---|---|---|---| |**At**|**1 April**||||**March**| ||**2024**|**Income**|**Expenditure**|**Transfers**|**2025**| ||**£**|**£**|**£**|**£**|**£**| |**Restricted Funds**|||||| |Core members|-|135,019|(135,019)|-|-| |L’Arche Village|-|222,548|(698,347)|475,799|**-**| |Developing Long-Term Sustainability|5,575|16,886|(22,461)|-|**-**| |Wolfson Transport Project|48,417|-|(12,104)|-|**36,313**| |Ember Summer House|3,330|-|(500)|-|**2,830**| ||_______|_______|_______|_______|_______| |**Total Restricted Funds**|57,322|374,453|(868,431)|475,799|**39,143**| |**Unrestricted Funds**|||||| |Designated Funds|339,615|-|-|28,372|**367,987**| |General Funds|178,788|1,583,988|(1,024,983)|(504,171)|**233,622**| ||_______|_________|_________|________|_______| |**Total Unrestricted Funds**|518,403|1,583,988|(1,024,983)|(475,799)|**601,609**| ||_______|_________|_________|________|_______| |**Total Funds**|575,725|1,958,441|(1,893,414)|-|**640,752**| ||======|========|========|=======|=======| The deficit on L’Arche Village is a result of direct payment income being allocated to unrestricted funds. Therefore, a transfer of £475,799 has been made from Unrestricted to L’Arche Village to correct. At the year end the designated element of unrestricted funds is for a contingency and continuity or service reserve. Page 22 continued... ## **L'ARCHE BELFAST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **14. ANALYSIS OF CHARITABLE FUNDS – PRIOR YEAR** ||||||**At 31**| |---|---|---|---|---|---| |**At**|**1 April**||||**March**| ||**2023**|**Income**|**Expenditure**|**Transfers**|**2024**| ||**£**|**£**|**£**|**£**|**£**| |**Restricted Funds**|||||| |Core members|-|142,081|(142,081)|-|-| |L’Arche Village|-|224,496|(625,818)|401,322|**-**| |Developing Long-Term Sustainability|5,575|34,392|(34,392)|-|**5,575**| |Wolfson Transport Project|-|58,100|(9,683)|-|**48,417**| |Ember Summer House|-|5,500|(2,170)|-|**3,330**| ||_______|_______|_______|_______|_______| |**Total Restricted Funds**|5,575|464,569|(814,144)|401,322|**57,322**| |**Unrestricted Funds**|||||| |Designated Funds|301,145|-|-|38,470|**339,615**| |General Funds|278,790|1,265,382|(925,592)|(439,792)|**178,788**| ||_____|_________|_________|________|_______| |**Total Unrestricted Funds**|579,935|1,265,382|(925,592)|(401,322)|**518,403**| ||_______|_________|_________|________|_______| |**Total Funds**|585,510|1,729,951|(1,739,736)|-|**575,725**| ||======|========|========|=======|=======| ## **Restricted funds:** Core members represents funds received from NIHE Supporting People programme. The L’Arche Village project will comprise the development of an inclusive multi-purpose facility, designed for leisure and skill development activities among adults with and without learning disabilities. Developing Long-Term Sustainability represents funds received from The National Lottery Community Fund, Dormant accounts fund NI to assist L’Arche Belfast in becoming more resilient and prepared for the future. This is achieved by enabling the Director of Services to focus on strategic development and strategic discussions. Wolfson Transport Project represents funds received from The Wolfson Foundation for the purchase of two minibuses to transport adults with learning disabilities to access horticultural and food preparation skills training. Ember Summer House Project represents funds received from The Will Charitable Trust towards a summer house and outdoor furniture at the supported living service. Page 23 ## **L'ARCHE BELFAST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**ALYSIS OF NET ASSETS BETWEEN FUNDS**||| |---|---|---| |Unrestricted
Funds
£
Tangible fixed assets
167,503
Current assets
508,724
Creditors less than one year
(74,618)
At 31 March 2025
601,609|Restricted
Funds
**Total Funds**
**2025**
£**£**
39,143
**206,646**
-
**508,724**
-
**(74,618)**
39,143
**640,752 **|| |||**640,752 **| ## **16. TAXATION** The Charity is recognised as such by HM Revenue and Customs and is entitled to certain tax exemptions 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 or surpluses are applied solely for charitable purposes. ## **17. OPERATING LEASE COMMITMENTS** At 31 March 2025 the Charity has total future commitments under non-cancellable operating leases relating to property, motor vehicles and office equipment as set out below: ||**2025**|**2024**| |---|---|---| ||**£**|**£**| |Within one year|**55,484**|59,996| |In one to five years|**125,361**|166,445| |In more than five years|**1,200**|15,600| ||**182,045**|242,041| ## **18. TRANSACTIONS WITH DIRECTORS AND RELATED PARTIES** The Charity was under the control of the Board of Directors throughout the current and previous period. No director – emoluments were paid during the year (2024 Nil). There were no material transactions during the year in which any director or related party had an interest requiring disclosure. ## **19. LEGAL STATUS OF CHARITY** The charity is a company limited by guarantee, not having share capital. The liability of each of its members is limited to £1. Page 24