NEWFORGE COMMUNITY DEVELOPMENT TRUST
STATEMENT OF FINANCIAL AcfiviTIES FOR THE FINANCIAL YEAR ENDED 31 MARCH
2023
2023
Total
Funds
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Incoming Resources
Incoming Resources from Voluntary Income
Donations and legacies
Grants
Incoming Resources from Charitable Activities
Incoming Resources from Other Trading
Activities
Incoming Resources from Other Trading
Activities
Membership subscriptions
Investment Income
Rents receivable
Total Incoming Resources
84,826
1,113
1,113
Resources Expended
Raising funds
Cha rita ble activities
Totsi Resources Expended
1141,1741
1141,174}
(141.174)
{141,174)
(130,1261
145,3001
Net (Outgoing)/lncoming Resources
Tax on net {outgoingl/incoming resources
Net Movement in Funds
Funds Balances Brought Forward at l April
Funds Balances Carried Forward at 31 March
io
(140,0611
1140,061)
(45,300)
12
1140,061)
{45,300}
1185.3611
(140,061)
{45,300)
{185,361)
(45,300)
19
145,3001
13

NEWFORGE COMMUNITY DEVELOPMENT TRUST
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023
Notes
2023
Total
Funds
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Fixed Assets
Tangible assets
13
916,297
916,297
5,851,441
5,851,441
6,767,738
6.767,738
2,381,883
2,381,883
Current Assets
Debtors
Cash at bank and in hand
14
2,075
1,165
3,240
44,968
47,043
1,165
48.208
46,635
44,968
46,635
Creditors: amounts falling due within one
year
Net Current Liabilities
15
11.104,8981 15,896,4091 {7,001,3071
11,101,658) 15,851,4411 {6.953,0991
12,473,818)
12,427,183)
Total Assets le$5 Current Liabilities
1185,3611
1185,3611
145,3001
Creditors: amounts falling due after
more than one year
16
Net Liabilities
1185,3611
{185,3611
145,3001
The Funds of the Charity
General funds
Revaluation reserve
Total Funds
19
19
1185,3611
(185,3611
145,3001
1185,3611
1185,3611
145,3001
Total Charity Funds
1185,3611
(185,3611
145,3001
The financial Statements on pages 12 to 30 were approved by the Board on 11 July 2024 and were signed on
its behalf by
L"Q
A Wilson
Trustee
A McGowan
Compony Secretary
Registered Number: N1643348
Charity Commission Number: 107999
14

NEWFORGE COMMUNITY DEVELOPMENT TRUST
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
Notes
Net Incoming /{outgoing) Resources before
Interest
20
1136,627)
4,496,149
4,359,522
2,300,290
Cash Flows from Investing Activities
Proceeds from sale of tangible fixed assets
Purchase of tangible fixed assets
(916,297) {3,469,558) (4,385,855) 12,381,883)
{1,052,9241
1,026,591
{26,333)
(81,5931
Cash Flows from Financing Activities
Drawdown of bank loans
Repayment of bank and other loans
Repayment of principal under hire purchase
agreements
Interest paid on bank loans and overdrafts
Interest paid on hire purchase agreements
117)
(17)
{4,737}
(4,737)
{5,909)
{4,737)
117)
(4,754)
{5,909)
{Decrease)/lncrease in Cash in the Year
Cash and cash equivalents at the beginning of
the year
Total Cash and Cash Equivalents at the End of
the Year
11,057,661)
1,026,574
(31.087)
146,072)
{41,430)
(87,502)
11,103,733)
985,144
{118,589)
187,502)
Cash and Cash Equivalents consists of:
Cash at bank and in hand
Bank overdrafts
Total Cash and Cash Equivalents at the End of
the Year
1,165
(1,104,898)
1,165
(119,754)
985,144
(87,5021
{1,103,7331
985, 144
(118.589)
(87,5021
15

NEWFORGE COMMUNITY DEVELOPMENTTRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
General Information
The principal activity of the Newforge Community Development Trust was to provide sports and
recreationa I facilities and services for serving and retired police officers, staff, their families and the wider
community, to encourage mental and physical wellbeing and to further improve relations between the
police and communities. The company is a private entity limited by guarantee. The company is is
incorporated in Northern Ireland and domiciled in the United Kingdom. The address of its registered office
is 18b Newforge Lane, Belfast, BT9 5NW.
Statement of Compliance
The financial statements of the Newforge Community Development Trust have been prepared in
compliance with United Kingdom Accounting Standards, including Financial Reporting Standards 102, "The
Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland" I"FRS102"1 and
the Charities SORP.
Summary of Significant Accounting Policies
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented, unless othenmise stated.
a) Basis of Preparation
These financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their financial statements in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021
{effective l January 20151 I'charities SORP IFRS10211. Newforge Community Development Trust meets the
definition of a public benefit entity under FRS102. Assets and liabilities are initially recognized at historical
cost and transaction value unless otherwise stated in the relevant accounting policy note. Certain
comparative amounts in the financial statements have been reclassified to conform to changes in
presentation in the current year. The Trustees have prepared the financial statements on the going concern
basis, giving ca reful consideration to the results during the fina ncial year. The group has further reviewed
its service range, rationalised its cost base and will be restructuring its banking facilities. It envisaged that
these changes will continue to have a positive impact on group results and cashflows which will ensure that
it can continue as a going concern.
Going concern
Going concern
The Directors have given ca reful consideration to the results during the financial year. The Trust has net
current liabilities of £118,589 12022: £87,502}, while continuing to experience challenging economic
conditions during the financial year. In order to meet its liabilities as they fall due the Trust is dependent on
members funding and adequate banking facilities. On this basis, a material uncertainty exists that may cast
significant doubt on the Trust's ability to continue as a going concern and, therefore, that it may be unable
to realise its assets and discharge its liabilities in the normal course of business. Giving due consideration to
the cash flow forecasts prepared, current trading performance and liquidity position of the Trust, including
existing ba nk facilities, the Directors believe that the Trust will be able meet its liabilities as they fall due
and will be able to continue as a going concern for the period of not less than 12 months from the date of
this report. On that basis, the financial statements continue to be prepared on a going concern basis. The
financial statements do not include any adjustments made to reflect an inadequate funding level from
members or a reduction in or withdrawal of banking facilities.
16

NEWFORGE COMMUNITY DEVELOPMENTTRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
b) Tangible Fixed Assets
Tangible fixed assets are stated at cost less accumulated depreciation. The cost of tangible fixed assets is
their purchase cost, together with any incidental costs of acq uisition.
Depreciation is calculated so as to write off the cost, or valuation of tangible fixed assets, less their
estimated residual values, on a straight line or reducing balance basis over the expected useful economic
lives of the assets concerned. The principal annual rates used are as follows:
Freehold buildings
Pitches
Equipment, fixtures & fittings
Computer equipment
Portacabin
Motor vehicles
2Yo Straight line.
logo Stra ight line.
15%- 30¥0 reducing balance/straight line.
250h straight line.
IOYo- 20% straight line.
25Yo Straight line.
The assets, residual and useful lives are reviewed and adjusted, if appropriate at the end of each reporting
period. The effect of a change is accounted for prospectively.
Freehold land is not depreciated. No depreciation is charged on assets under construction, depreciation is
charged from the point of which the assets are brought into use.
Asset5 held under finance lease are depreciated over shorter of the useful economic life of the asset or the
term of the lease.
Where the recoverable amount of a tangible fixed asset is found to be below its net book value, the asset
is written down to the recoverable figure and the loss on impairment is recognised in the Statement of
Financial Activities.
Subsequent costs, including major inspections, are included in the assets carrying amount or recognised as
a separate asset, as appropriate, only when it is probable that economic benefits associated with the item
will flow to the company and cost can be measured reliably. The carrying amount of any replaced
component is derecognised. Major components are treated a5 a separate asset where they have a
significantly difference pattern of consumption of economic benefits and are depreciated separately over
its useful life.
Repairs, maintenance and minor inspection costs are expensed as incurred.
Tangible fixed assets are derecognised on disposal or when no future economic benefits are expected. On
disposal the difference between net disposal proceeds and the carrying amount is recognised in the profit
and loss account.
c) Investments
Fixed asset investments are stated at their purchase cost less any provision for diminution in value.
17

NEWFORGE COMMUNITY DEVELOPMENTTRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
d) Stocks
Stocks are stated at the lower of cost and net realisable value. Cost comprises material cost and is
determined on a first in, first out basis. Net realisable value is calculated as the estimated proceeds from
the sale of items of stock les5 Costs to be incurred in marketing, selling and distributing directly. Where
necessary, provision is made for obsolete, slow moving and defective stocks.
e) Cash and Cash Equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly
liquid investments with original maturities of 3 months or less and bank overdrafts. Bank overdrafts are
shown within borrowing in current liabilities and form an integrated part of the group's cash management.
Debtors
Debtors are stated after all known bad debts have been written off and specific provision has been made
against all debts considered doubtful of collection.
g) Incoming Resources
All incoming resources are included in the Statement of Financial Activitie5 when the charity is legally
entitled to the income and the amount can be quantified with reasonable accuracy.
Gronts
Revenue grants are credited to incoming resources on the earlier date of when they are received or when
they are receivable, unless they relate to a specified future period, in which case they are deferred.
Grants for the purpose of capital expenditure are credited to restricted incoming resources when receivable
and transferred to general funds on purchase of asset.
Membership subscriptions
Membership subscriptions are credited to the Statement of Financial Activities on a subscription year basis.
Subscriptions received in advance of the year end are treated as liabilities of the Association.
Gifts and donotions
Gifts and donations are included in full in the Statement of Financial Activities upon receipt.
Incoming resourcesfrom trading activities
Incoming resources from trading activities is recognised when conditions for its receipt have been met.
Charitable activities
Incoming resources from charitable activities is recognised on an accrual's basi5.
Investment income- rents receivable
Investment income is recognised on an accrual's basis.
Other incoming resources
Other incoming resources are recognised on an accrual's basis.
18

NEWFORGE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
h) Resources Expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all costs related to the category. Where costs cannot be directly attributed to particular headings, they
have been allocated to activities on a basis consistent with use of the resources. Staff costs and overhead
expenses are allocated to activities on the basis of staff time spend on those activities.
Raisingfvnds
Raising funds includes the salaries, direct expenditure and overhead costs of staff who promote fund raising,
including events and mailings. It includes both costs that can be allocated directly to such activities and
those costs of an indirect nature necessary to support them.
Charitoble activities
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
Governance costs includes those incurred in the governance of its assets and are associated with
constitutional, statutory and strategic requirements.
i) Leased Assets
At inception the company assess agreements that transferthe right to use assets. The assessment considers
whether the arrangement is, or contains, a lease based on the substance of the arrangement.
Finance leases
Where the group enters into a lease which entails taking substantially all the risks and rewards of ownership
of an asset, the lease is treated as a "finance lease" The asset is recorded in the Balance Sheet as a tangible
fixed asset and is depreciated over its estimated useful economic life or the term of the lease, whichever is
shorter. Future instalments undersuch leases, net of finance charges, are included within creditors. Rentals
payable are apportioned between the finance element, which is charged to the Statement of Financial
Activities and the capital element which reduces the outstanding obligation for future instalments.
Operating leuses
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Rentals
under operating leases are charged to the Statement of Financial Activities as incurred.
j) Unrestricted Funds
Unrestricted funds are donations and other incoming resources received or generated which are
expendable at the discretion of the company in furtherance of its objectives.
k) Functional Currency
The financial statements are presented in pound sterling. The compan¢s functional and presentation
currency is the pound sterling.
19

NEWFORGE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
Tronsortions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at
the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary
items measured at historical cost are translated using the exchange rate at the date of the transaction and
non-monetary items measured at fair value are measured using the exchange rate when fair value was
determined.
Foreign exchange Eains and losses resulting from the settlement of transactions and from the translation at
period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are
recognized in the Profit and Loss Account.
l) Financial Instruments
The group has chosen to adopt Sections 11 and 112 of FRS102 in respect of financial instruments.
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances and are initially
recognised at transaction price, unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts, discounted at a market rate of interest.
Such assets are SLsbsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured an amortised cost are assessed for objective
evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying
amount and the present value of the estimated cash flows discounted at the asset's original effective
interest rate. The impairment loss is recognised in profit or loss.
If there is decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been had the impairment not previously been recognised.
The impairment reversa l is recognised in profit or loss.
Financial assets are derecognised when (al the contractual rights to the cash flows from the asset expire or
are settled, or Ibl substantially all the risks and rewards of the ownership of the asset are transferred to
another party or Ic) despite having retained some Significant risks and rewards of ownership, control of the
assets has been transferred to another party who has the practical ability to unilaterally sell the asset to an
unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables and bank loans are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument
is measured at the present value of the future receipts of discounted at a market rate of interest. Debt
instruments are subsequently carried at amortised costs, using the effective interest rate method.
20

NEWFORGE COMMUNITY DEVELOPMENTTRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent
that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until
the draw-down occurs. To the extent there is no evidence that it 15 probable that some or all of the facility
will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the
period of the facility to which it relates.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course
of business from suppliers. Accounts payable are classified as current liabilities if payment is due within I
year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.
Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on
a net basis or to realise the asset and settle the liability simultaneously.
m) Related Party Transactions
The group discloses transactions with related parties. Where appropriate, transactions of a similar nature
are aggregated unless, in the opinion of the directors, separate disclosure is necessary to understand the
effect of the transactions on the group financial statements.
n) Employee Benefits
The group provides a range of benefits to employees, including paid holiday arrangements and defined
contribution pension plans.
Short term benefits
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an
expense in the period in which the service is received.
Defined contrlbution pension plans
The group operates a defined contribution scheme for specific directors and employees. A defined
contribution plan is a pension plan under which the group pays fixed contributions into a separate entity.
Once the contributions have been paid the group has no further payment obligations. The contributions
are recognised as an expense when they are due. Amounts not paid are shown in accruals in the Balance
Sheet. The assets of the plan are held separately from the group in independently administered funds.
21

NEWFORGE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
o) Provisions and Contingencies
Provisions
Provisions are recognised when the company has a present legal or constructive obligation as a result of
past events; it is probable that an outflow of resources will be required to settle the obligation. and the
amount of obligations can be estimated reliably.
When there are a number of similar obligations, the likelihood that an outflow will be required in settlement
is determined by considering the class of obligations as a whole. A provision is recognised even if the
likelihood of an outflow with respect to any one item included in the same class of obligations may be Small.
Provisions are measured at present value of the expenditure expected to be required to settle the obligation
using a pre-tax rate that reflects current market assessments of the time value of money and the risks
specific to the obligation. The increase in the provision due to the passage of time is recognised as a finance
cost.
Contingencies
Contingent liabilities, arising as a result of past events, are not recognised when {il it is not proba ble that
there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date
or lil) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events
not wholly within the company's control. Contingent liabilities are disclosed in the financial statements
unless the probability of an outflow of resources is remote.
Critical Judgements and Estimations of Uncertainty
Criticoljudgement5 in applying the COmpan￿S accounting policies
There are no critical judgements in applying the company's accounting policies.
Key accounting estimates ond assumptions
There are no key accounting estimates and assumptions in applying the compan¢s accounting policies.
Donations and Legacies
2023
Total
Funds
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Donations
22

NEWFORGE COMMUNITY DEVELOPMENTTRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
Grants
2023
Total
Funds
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Government grants
Other grants
84,027
799
84,826
Incoming Resources from Charitable Activities
2023
Total
Funds
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Leisure
1,113
1,113
1,113
1,113
Incoming Resources from Other Trading Activities
2023
Total
Funds
2022
Total
Funds
Unrestricted
FLsnds
Restricted
Funds
Other trading activities
23

NEWFORGE COMMUNITY DEVELOPMENTTRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
Resources Expended
2023
Total
Funds
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Wages and salaries
Staff pension costs
Staff training
Programme resources
Pitch/Room hire
Insurance
Water Rates
Equipment Hire
Repairs & Renewals
Cleaning
Printing, postage and stationery
Advertising
Telephone
Computer costs
Motor expenses
Legal and professional
Bank charges
Catering
Staff clothing
General expenses
Interest
59,967
3,529
59,967
3,529
61,700
3,525
125
7,156
2,450
2,331
17,715
3,720
1,194
150
539
817
333
190
9,176
1,273
306
163
29,833
760
3,797
530
2,445
4,737
141,174
17,715
3,720
1,194
150
539
817
333
190
9,176
1,273
306
163
29,833
760
3,797
530
2,445
4,737
141,174
189
1,987
962
680
67
38,202
815
1,233
1,167
1,628
5,909
130,126
10. Net Incoming Resources
2023
2022
This is stated after charging
Staff costs (note 111
Depreciation of tangible fixed assets- owned assets
Fees payable to the compan¢s auditors for audit of the financial statements
Fees payable to company's auditors for taxation
63.496
65,225
7,500
3,500
24

NEWFORGE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
11. Analysis of Staff Costs. Directors, Remuneration and Expenses and the Remuneration of Key Management
Personnel
Staff costs..
Wages and salaries
Social security costs
Pension costs
2023
2022
41,843
18.124
3,529
63,496
43,216
18,484
3,525
65,225
2023
Number
2022
Number
The average monthly number of persons employed by the group
(excluding trustees) during the year by artivity was".
Selling and distribution
Administration
Emolument of employees
The number of employees whose emoluments {salaries, wages and benefits
in kind) fell within the following bands:
£70,001- £80,000
£80,001- £90,000
Pension contributions of that employee
2023
Number
2022
Number
The Trustees did not receive any emoluments during the year. No out-of-pocket expenses were reimbursed
to the Trustees during the year (2022: £0}. Retirement benefits are accruing to Trustees under a defined
contribution scheme are £0 {2022: £0). During the year. pension contributions on behalf of the Trustees
amounted to £0 {2022: £01.
12. Tax on Net Outgoing Resources
The company was granted charitable status effective from 11 October 2020 and therefore no corporation
tax charge is applicable in relation to its charitable activities, which encompass all activities of the company.
25

NEWFORGE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
13. Tangible Fixed Assets
Freehold
Property
Equipment,
Fixtures &
Fittings
Total
CURRENT YEAR
Cost or Valuation:
At l April 2022
Additions
Disposals
At 31 March 2023
Depreciation..
At l April 2022
Charge for year
Disposals
At 31 March 2023
Net Book Value
At 31 March 2023
At 31 March 2022
2,378,572
4,093,144
3,311
292,711
2,381,883
4,385,855
6,471,716
296,022
6,767.738
6,471.716
2,378,572
296,022
3,311
6,767,738
2,381,883
The above assets are pledged as security aga inst bank facilities.
26

NEWFORGE COMMUNITY DEVELOPMENTTRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
13. Tangible Fixed Assets {continued)
Freehold
Property
Equipment,
Fixtures &
Fittings
PRIOR YEAR
Total
Cost or Valuatlon:
At l April 2021
Additions
Disposals
At 31 March 2022
Depreciation..
At l April 2021
Charge for year
Disposals
At 31 March 2022
Net Book Value
At 31 March 2022
At 31 March 2021
2,378,572
3,311
2,381,883
2,378,572
3,311
2,381,883
2,378,572
3,311
2,381,883
14. Debtors
2023
Total Funds
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Other tax and social security
Prepayments and accrued income
44,968
44,968
2,075
47,043
45,863
772
46,635
2,075
2,075
44,968
15. Creditors: amounts falling due within one year
2023
Total Funds
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Bank overdraft {note 181
Trade creditors
Amounts owed to associated Companies
(note 18}
Other tax and social security
Accruals and deferred income
1,104,898
1985,144)
836,384
172,983
119,754
836,384
172,983
87,502
333,495
173,000
4,284
5,867,902
5,896,409
4,284
5,867,902
7,001,307
1,526
1,878,295
2,473,818
Amounts due to group undertakings are unsecured, interest free and have no fixed date of repayment. The
security for bank and other facilities is disclosed in note 18.
1,104,898
27

NEWFORGE COMMUNITY DEVELOPMENTTRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
16. Creditors: amounts falling due after more than one year
2023
Total Funds
2022
Total
Funds
Unrestricted
Fund5
Restricted
Funds
Bank loans (note 181
Deferred income
The security for bank and other facilities is disclosed in note 13.
17. Obligations under Hire Purchase Agreements
2023
Total
Funds
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Net hire purchase obligations fall due as
follows:
Within one year
Within two and five years
18. Bank and Other Loans
2023
Total
Funds
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Maturity of financial liabilities
In one year or less, or on demand
In more than one year, but not more than two
years
In more than two years, but not more than
five years
In more than five years
1,104,898
1985,1441
119,754
87,502
1,104,898
1985,1441
119,754
87,502
28

NEWFORGE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
19. Analysis of Charitable Funds
Revaluation
Reserve
General
Funds
Total
Funds
Charity- unrestricted funds
At l April 2022
Net incoming resources for the year
At 31 March 2023
145,3001
1140,061
(185,361)
145,3001
1140,061}
(185,361)
Revaluation
Reserve
General
Funds
Total
Funds
Charity- unrestricted funds
At l April 2021
Net incoming resources for the year
At 31 March 2022
{45,300}
{45,300)
{45,300}
{45,300)
20. Notes to the Cash Flow Statement
2023
Total
Funds
2022
Total
Funds
Unrestricted
Funds
Restricted
Funds
Net loutgoing)/ incoming resources
Interest expense
Net incoming resources before interest
Depreciation charge
Movement in stocks
Movement in debtors
Movement in creditors
Net cash inflow from operating activities
1140,0611
4,737
1135,3241
{140,061)
4,737
(135,324)
(45,300)
5,909
139,3911
(1,303}
895
4,495,254
4,496,149
{408)
4,495,254
4,359,522
146,635)
2,386,316
2,300,290
{136,6271
Analysis of Net Debt
At l April
2022
Cash Flows
Non-cash
Changes
At 31 March
2023
Cash at bank and in hand
Bank overdraft
Cash and cash equivalents
Bank loans
Other loans
Total
1,165
{32,2521
131,0871
1,165
(119,754)
(118,589)
187,5021
187,5021
1173,000}
{260,502)
17
{31,0701
{172,983)
(291,572)
29

NEWFORGE COMMUNITY DEVELOPMENTTRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
(continued)
21. Financial Instruments
2023
Total
Funds
2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
Financial assets that are debt instruments
measured at amortised cost
Trade debtors
Other loan
Financial liabilities measured at amortised
cost
Bank overdrafts
Bank and other loans
Net obligation under finance leases and hire
purchase
Trade creditors
Accruals
1,104,898
1985,144}
172,983
119,754
172,983
87,502
173,000
836,384
5,872,186
5,896,409
836,384
5,872,186
7,001,307
333,495
1,878,295
2,472,292
1,104,898
22. Contingent Liabilities
Guarantees
The company has given no guarantees requiring disclosure.
Capital commitments
The company had no capital commitments at the year-end12022: £0).
23. Related Party Transactlons
At the Balance Sheet date the company had amounts outstanding of £171,80712022'. £173,000) with Royal
Ulster Constabulary Athletic Association Limited which is a related party due to common directors and
£1,17612022.' 0} with Newforge Trading Services, also a related party due to common directors.
24. Ultimate Controlling Party
The ultimate controlling party 15 the Board of Trustees.
30