Company registrntion number: NJ032234 Charity registration number.. 106111 UPPERLANDS COMMUNITY DEVELOPMENT LTD TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
Upperlands Community Development Ltd Contents Page Trustees, Report Independent Examiner's Report Statement of Financial Attivities (including Income and Expenditure Account) Comparative Statement of Flnancial Activities {includlng Income and Expenditure Account) Balance Sheet Notes to the Financial Statements The following pages do not form part of the statutory accounts.. Detailed Statement of Financial Activities (including Income and Expenditu Account) 16-17
Upperlands Communlty Development Ltd Company No. N1032234 Trustees. Report For The Year Ended 30 September 2025 The trustees present their report and the financial statements for the year ended 30 September 2025. Objectives and Activities Aims and Objectives The prlncipal activity of the company is to facilitate the improvernent and development of social and economic condition5 for the people Ilving in the Upperlands area. The company works Wlth local community, statutory authorities, voluntary and other organisations to provide services for chlldren and young people, adults and ensures older people are sUPPOrted and socially included. The company also aims to support economic activity and job creation, to improve health and wellbeing of the entire community, building cross community relations and to provide art, leisure and recreation activities for the community. The company's centre includes a large hall, small hall and bo3rd room and is used by local and surrounding communities for events, classes and meetings, church groupsi youth club, afterschools club etc. A weekly luncheon club for the eldedy is run by the centre. Other recent activities include set up of a mental health group, a couch to SK fitness and wellbeing programme, Christmas tree switch on event, 4th of July cultural ceSebrdtion and a visltor centfft cultural programme. Public Beneflt The dlrett benefits flowing from the organisations purposes are to ease the social and rural isolation that many suffer in the village locally, help the aged, help health, mental and Social wellbeing, bringing everyone together, offering opportunities regardless of background. These are demonstrated in rnany ways throughout the year we hold events and classes where people from a wide range of backgrounds have the chance to meet and form lasting friendships. We also allow other groups and charities to use our hall as well as locally residents to hold community events. We have a vi51tor centre and coffee shop that allows a central meeting place for community member5 regardless of background. We offer assistance and guidance to anyone who needs it and try to point them in the right direction to solve their problems if we can't. We run a weekly luncheon club for the elderly where they get a subsidised meal (some of these people are very socially isolated and this is one of the few occasions they get a chance to go outl. We also hold crafts, seasonal events, healthy eating days and bus trips for thls group. We run cross community bus trips locally with Granaghan Women's group in Swatragh. We offer volunteering opportunities to all regardless of background. There Is no harm arising from any of the purposes. The charities beneficiaries are a wide range of local and neighbouring community members regardless of their background, people who are older, youth, adults, people with mental health Issue5, people who are socially isolated, people who are struggling to get back to work etc. There is no private beneflt. The trustee5 conf1rm that they have complied with the requirements of section 4 of the Charities Att 2008 to have due regard to the public benefit guidance published by The Charity Comrnission for Northern Ireland. The trustees have given due regard to the Charity Commlsslon for Northern Ireland's guidance on public benefit Page I
Upperlands Community Development Ltd Tru5tees' Report (continued) For The Year Ended 30 September 2025 Description and Purpose We work with local community, statutory authorities, voluntary and other organisations to provide services for children and young people, adults and to ensure older people are supported and socially included. To support economic activity and job creation. To improve health and wellbeing of the entire community, building cr055 community relations and to provide art, leisure and recreation activities for the community. Achievements and Performance Main Achievements The company normally runs well supported community events, craft fairs, Summer markets, Christmas Tree Switch on and Halloween partie5 etc. However due to the global pandemic all 'in person, activities ceased. UCDL were involved in delivering food parcels, meals on wheels, prescription collection and delivery, dellvering craft packs for the children and a virtual Christmas light Swltch on. The centre also has units and industrial workshops available to rent at very competitive rates and we have helped a number of small businesses with start-up advice etc. The company also owns the Flax Coffee Shop and Flax Vlsitor Centre which are assets to the community and the Trustees feel that these help ease high leve15 of social isolation giving people central community meeting places. Financial Review Financial Position The charity's results show an excess of expenditure over income for the year. Despite this the unrestricted reserves are still comfortably in excess of 12 months expenditure. Unrestricted reserves at 30 September 2025 amounted to £122,068 (2024 - £97,045). while restritted reserves amounted to £331,310 (2024 - £347,473). Structure, Governance and Management Governing Document The company is run by a board of Trustees who are also the directors of the company. It is governed by its Memorandum & Articles of Association. The Trustees work with a team of dedicated volunteers and have in the past worked with the probation board, the local jobcentre and network personnel to help those who have been long term unemployed get back to work and work/train with the company to prepare them for back to work. Reference and Administrative Details Trustees Mr G R Kirkpatrick Mrs E E Kirkpatrick Mr W A Montgomery Mrs M McAlary Mr G C Mcllwaine Mr5 M R O'Kane Page 2
upperlands Communlty Development Ltd Tru5tees' Report (Continued) For The Year Ended 30 September 2025 Compony Secretary Mrs M R O'Kane Charity Number lQ6111 Company Number N1032234 Principal Address The Linenhall Centre 67 Kilrea Road, Upperlands Maghera BT46 5RN Independent Examlner Nula Robinson Page 3
Upperlands Community Development Ltd Trustees, Report (continued) For The Year Ended 30 September 2025 Small Company Rules This report has been prepared in accordance with the speclal provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The trustees, report was approved by the board of trustees and signed or) its behalf by: cIl Trustee 3010712026 Page 4
Upperlands Communlty Development Ltd Independent Examiner's Report to the Trustees of Upperlands Communlty Development Ltd For The Year Ended 30 September 2025 I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025. Responslbllities and Basis of Report As the charity trustees of the Company {and also its directors for the purposes of company law)1 YOU are responsible for the preparation of the accounts in accordance with the requirements of Companies Att 2006. Having satlsfied myself that the accounts of the Company are not required to be audlted under Part 16 of the 2006 Att and are eligible for independent exarninatlon, I report in respect of my examination of your charity's accounts as carried out under settion 65 of the Charities Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65C9)(b) of the Charities Art. Independent Examlner's Statement I have completed my examination. I confirm that no matters have come to my attentlon in connection with the examinatlon giving me cause to believe,. l. accounting records were not kept In respert of the Company as requlred by Section 386 of the 2006 Act; or 2. the accounts do not accord with those record5. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Att other than ony requirement that the accounts glve a 'true and fair view, which is not a matter considered a5 Part of an independent examination,. or 4. the accounts have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporting by charities appllcable to charities pparIng their accounts In accordance with the Financlal Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters In connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Nula Robinson 3110712026 Page 5
Upperlands Community Development Ltd statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025 2025 2024 Unrestricted Restricted Total funds funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activitie5: Community development Investments 50,170 50,170 9,566 24,014 504 24,014 25,461 504 643 74,688 74,688 35,670 EXPENDITURE ON: Charitable activities.. Community development NET INCOME/(EXPENDITURE} (49,665) (16,163) (65,828) (55,793) 25,023 (16,163) 8,860 (20,123) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 25.023 (16,163) 8,860 (20,123) 97,045 347,472 444,517 464,640 15 122,068 331,309 453,377 444,517 The notes on pages 10 to 15 form part of these financial statements. Page 6
Upperlands Community Development Ltd Comparative Statement of Financial Artivitie$ (including Income and Expenditure Account) For The Year Ended 30 September 2025 2024 Unrestricted Restricted Total funds funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activ1tie5'. Comrnunity development Investments 9,566 9,566 25,461 643 25,461 643 35,670 35,670 EXPENDITURE ON: Charitable activities.. Community development (39,630) (16, 163) {55,7931 (3,960) 116, 163) (20,1231 NET EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD (3,960) (16.163) (20,123) 101,005 363,635 464,640 15 97,045 347,472 444,517 The notes on pages 10 to 15 form part of these financial statements. Page 7
Upperlands Community Development Ltd Balance Sheet As At 30 September 2025 2025 2024 Unrestricted Restricted Total funds funds funds Total funds Notes FIXED ASSETS Tangible Assets 12 32,857 331,309 364,166 371.375 32,857 331,309 364,166 371,375 CURRENT ASSETS Debtors Cash at bank and in hand 13 36,115 56,293 36,115 36,115 56,293 40,195 92,408 92,408 76,310 Creditors: Amounts Falling Due Within One Year 14 (3,197) C3,197) (3,168) NET CURRENT ASSETS (LIABILITIES) 89,211 89,211 73,142 TOTAL ASSETS LESS CURRENT LIABILITIES 122,068 331,309 453,377 444,517 NET ASSETS 122,068 331,309 453,377 444,517 FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds 331,309 347,472 122,068 97,045 TOTAL FUNDS 15 453,377 444,517 Page 8
Upperlands Communlty Development Ltd Balance Sheet (continued) As At 30 September 2025 For the year endlng 30 September 2025 the charitable company was entitled to exemptlon from audit under section 477 of the Companies Act 2006 relating to small companie5. The members have not required the company to obtain an audit in accordance with section 476 of the Companie5 Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provlsions applicable to companies subject to the small companies regime. On behalf of the board Mr McIlwaine Trustee 30/0712026 The notes on pages 10 to 15 form part of these financial staternents. Page 9
Upperlands Communlty Development Ltd Notes to the Financial Statements For The Year Ended 30 September 2025 l. General Information Upperlands Community Development Ltd is a company limited by guarantee, incorporated In Northern Ireland, registered number N1032234 and registered charity number 106111. The registered office Is 2. Accountlng Policies 2.1. Basls of Preparation of Financial Statements The financial statements have been prepared in accordance with the Charlties SORP [FRS 102) "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 IFRS 102) {effective l January 2019)" Financial Reporting Standard 102 "The Financial Reportlng Stsndard applicable in the UK and Republic of Ireland" and the Companie5 Art 2006. The charitable company is a Publlc Benefit Entity as defined by FRS 102. 2.2. Incomlng Resources All incoming resources afft included in the statement of financial activitie5 when entitlement has passed to the charity. it Is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following speciflc policies are applied to partlcular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt 15 probable and its amount can be measured reliably. legacy incorne is recognised when recelpt is probable and entitlement is established. income from donated goods is measured at the fair vèlue of the goods unless this is impractical to measure reliablyi in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of Services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 2.3. Resources Expended Expenditure is recognlsed on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activlties to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charlty In undertaking activities that further its charitable airn5 for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single actlvity are allocated directly to that attivity. Shared costs are apportioned between the activities they Fntri e to on a reasonable, justifiable and consistent bas15. age
Upperlands Community Development Ltd Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 2.4. Tangible Flxed Assets and Depreciation Tangible fixed a55ets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less thelr estimated residual value, over their expected useful lives on the following bases: Freehold Plant & Machinery Fixtures & Fittings straight line over 60 years fully depreciated fixtures 50/0 reducing balance 2.5. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant rlsk of change in value, and bank overdrafts. 3. Income from Donatlons and Legacies 2025 2024 Unrestricted Unrestricted funds fund5 Donations and gifts Grants 1,561 48,609 2,170 7,396 50,170 9,566 4. Investment Income 2025 2024 Unrestricted Unrestricted funds funds Bank interest receivable 504 643 5. Government Grants Government grants recognised In the accounts were as follows: 2025 2024 Grants received 48,609 7,396 Page 11
Upperlands Community Development Ltd Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 Net Income/(Expendlture) The net income/(expenditure) is stated after charying/(crediting): 2025 2024 Depreciation of tangible fixed asset5 - owned 17,892 17,421 7. Analysis of Expenditure 2025 Support costs (see note 8) Community development 65,828 2024 Support costs (see note 8) Community development 55,793 8. Support Costs 2025 Community development Employee costs Premises expenses General administration Depreciation Interest payable Governance costs 11,522 27,981 5,987 17,892 163 2,283 65,828 Page 12
Upperlands Communlty Development Ltd Notes to the Financial Statements (continued} For The Year Ended 30 September 2025 2024 Community development Employee costs Premises expenses General administration Depreciation Interest payable Governance costs 9,414 21,672 5,260 17,421 174 1,852 55,793 Independent Examiner's Remuneration 2025 2024 Independent examination of the financial statements 1,200 1,200 io. staff Costs Staff costs were as follows.. 2025 2024 Wages and salarfes 10,814 8,807 No employees received employee benefits (excluding employer pension costs) for the reporting period of rn0 than £60,000. 11. Average Number of Employees Average number of employees during the year was: l (2024.. 1) Page 13
Upperlands Community Development Ltd Notes to the Flnancial Statements (continued) For The Year Ended 30 September 2025 12. Tangible Assets Land & Property Freehold Plant & Fixtures & Machinery Fittlngs Total Cost As at l October 2024 Additions 969,782 24,124 102,517 1,096,423 10,683 10,683 As at 30 September 2025 969,782 24,124 113,200 1,107, 106 Depreclation A5 at l October 2024 Provided during the period 622,310 16,163 24,124 78,614 1,729 725,048 17,892 As at 30 September 2025 638,473 24,124 80,343 742,940 Net Book Value As at 30 September 2025 331,309 32,857 364,166 As at i October 2024 347,472 23,903 371,375 13. Debtors 2025 2024 Due within one year Amounts owed by group undertakings 36,115 36,115 14. Creditors: Amounts Falllng Due Within One Year 2025 2024 Taxation and social security Accrua15 and deferred Income 422 2,775 3,197 693 2,475 3,168 Page 14
Upperlands Community Development Ltd Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 15, Movement in Funds Asati October 2024 Asat30 September 2025 Income Expenditure Unrestrlcted funds General.. General unrestricted fund Restricted funds Restrltted fund 97,045 74,688 (49,665) 122,068 347,472 (16,163) 331,309 Total funds 444,517 74,688 (65,828) 453,377 Asati October 2023 Asat30 September 2024 Income Expenditure Unrestricted funds General.. General unrestricted fund Restricted funds Restricted fund 101,005 35,670 (39,630} 97,045 363,635 { 16,163} 347,472 Total funds 464,640 35,670 (55,793) 444,517 16. Transactlons with Trustees None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year. No trustee expenses have been incurred. 17. Related Party Disclosures There have been no related party transattions in the reporting period that qUIre disclosure. 18. Company limited by guarantee The company is limited by guarantee and ha5 no share capital. Every member of the company undertakes to contribute to the a55ets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. Page 15
Upperlands Community Development Ltd Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts Government Grants 1,561 48,609 2,170 7,396 50,170 9,566 Charitable Activities: Community development Rental income 24,014 25,461 24,014 25,461 Investments Bank Interest receivable 504 643 504 643 74,688 35,670 EXPENDITURE ON: Charltable Activities: Community development Wages and salaries Travel and subsistence expenses Rates Light and heat Repairs and maintenance Cleaning Premises insurance Computer and IT repairs and rnaintenance Advertislng and marketing costs Telecommunications and data costs Sundry expense5 Depreciation of fixtures and fittings Depreciation of freehold land and property (10,814) (8,807) (708) {607) (2,635) (4,313) (7,004) (5,870) (9,334) (3,8291 (1,086) (1,118) (7,922) (6,542) (458) 16571 (366) (3911 (900) (3721 (4,263) (3,840) { 1,729) (1,2581 (16,163) {16,1631 ..CONTINUED Page 16
Upperlands Community Development Ltd Detailed Statement of Financlal Activities (including Income and Expenditure Account) (continued) For The Year Ended 30 September 2025 Bank charges Independent examiner's fees Professional fees (163) (1,200) (1,083) (174) (1,200) (652) (65,828) (55,793) (65,828) (55,793) NET INCOMEI(EXPENDITURE) 8,860 (20, 1231 Page 17