Registered number: N1629698 LOUGHSHORE COMMUNITY SERVICES UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Loughshore Community Services Contents Page Company Information Accountant's Report Income and Expenditure Account Balance Sheet The following pages do not form part of the statutory accounts: Detailed Income and Expenditure Account
Loughshore Community Services Company Information For The Year Ended 31 March 2024 Directors Mr Patrick McNally Mr George Crozier Secretary Mr Patrick McNally Company Number N1629698 Registered Office 58A Ardboe Road Cookstown Co Tyrone BT80 OHT Accountants Paula Maynes & Co 48A William Street Cookstown Co Tyrone BT80 8NB Page I
Loughshore Community Services Accountant's Report For The Year Ended 31 March 2024 Report to the directors on the preparation of the unaudlted statutory accounts of Loughshore Community Services for the year ended 31 March 2024 In order to asslst you to fulfil your duties under the Companies Act 2006, 1 have prepared for your approval the accounts of Loughshore Community Services for the year ended 31 March 2024 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the accounting records and from infomiatson and explanations you have given to us. As a practising member of the Institute of Financial Accountants IIFA), we a subjert to its ethical and other professional requirements which are detailed at https=/lwww.ifa.org.uk/about-us/acting-in-the-public-interesVmemberregulation5. Our work has been undertaken solely to prepare for your approval the accounts of Loughshore Community servIs and stste those matters that we have agreed ro state to the dhrecrors of LoUghshO Community Services, as a body, in this report. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than Loughshore Community Services and its dirertors, as a body, for our work or for this report. It is your duty to ensure that Loughshore Community Services has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities. financial position and profit or loss of Loughshore Community Services. You consider that Lovghshore Community Services is exempt from the ststutory audit requlrement for the year. We have not been instructed to carry out an audit of the accounts of Loughshore Community Services. For this reason, we have not verified the accuracy or completeness of the accounting records or infomiation and explanations you have given to us and we do not, thefore, express any opinion on the financial statements. Signed 6 November 2024 Paula Maynes & Co 48A William Street Cookstown Co Tyrone BT80 8NB Page 2
Loughshore Community Services Income and Expenditure Account For The Year Ended 31 March 2024 2024 2023 29,854 (12,153) (13,877) (1,603) (3,482) 30,345 18.490) (10,888) TURNOVER Cost of raw materials and consumables Staff costs Depreciation and other amounts written off assets other eharges {6,108) NET {DEFICIT)/SURPLUS (1,261) 4,859 Page 3
Loughshore Community Services Balance Sheet As At 31 March 2024 2024 2023 9.916 Fixed assets 7,996 19,173 Current assets 19,173 NET CURRENT ASSETS 7,996 TOTAL ASSETS LESS CURRENT UABILfrIES Accruals and deferred income 17,912 19,173 {300) (300) 18,873 NET ASSETS 17,612 18,873 RESERVES 17,612 Notes l. General Xnformation Loughshore Community Services is a private company. limited by guarantee, incorporated in Northem Ireland, re9iStered number N1629698. The registered Offi is 58A Ardboe Road, Cookstown, Co Tyrone, BT80 OHT. 2. Average Number of Employees Average number of ernployees, including directOTS. during the year was: i (2023: 1) 3. Cornpany limited by guarantee The company is limited by guarantee and has no share capital. Every mernber of the company undertakes to contribute to the assets of the companyi in the event of a winding up, such an amount as may be required not exceeding £1. For the year ending 31 March 2024 the company was entitled to exemption frorn audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with sertion 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the reqU1ments of the Act with respert to accounting records and the preparation of accounts. These accounts have been prepared in accordan with the micro-entity provisions. On behalf of the board Mr George Crozier Director 6 November 2024 Page 4
Loughshore Community Services Detailed Income and Expenditure Account For The Year Ended 31 March 2024 2024 2023 TURNOVER Donations, fundraising & events income Grants received 15.714 14.140 8,945 21,400 29,854 30,345 COST OF RAW MATERIALS AND CONSUMABLES Events expenses Classes Christmas Tree Switch On expenses Office furniture & equipment Summer Scheme expenses 4.690 4,057 2,522 80 3,423 2,470 2,370 227 804 (12,153) (8,490) STAFF COSTS Wages and salaries Travel expenses 9.489 4,388 8,338 2.550 (13.877) (10.8881 DEPRECIATION AND OTHER AMOUNTS WRIEN OFF ASSETS Depreciation 1,603 (1,603) OTHER CHARGES Premises expenses.. Rent Repairs and maintenance 300 864 4,634 1.164 4,634 General admini5tracion costs." Insurance Advertising and marketing costs Accountancy fees Professional fees Sundry expenses 799 120 776 240 324 346 28 516 643 2.318 1,474 {3,482) 16,1081 NET (DEFICIT)/SURPLUS (1,2611 4,859 Page 5