2025-03-31-accounts - Newforge Community Development Trust

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NEWFORGE COMMUNITY DEVELOPMENT TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Notes Incoming Resources Incoming Resources from Voluntary Income Donations and legacies 5 Grants 6 Incoming Resources from Charitable Activities 7 Incoming Resources from Other Trading Activities 8 Membership subscriptions Investment Income Rents receivable Total Incoming Resources Resources Expended Raising funds 9 Charitable activities 9 Total Resources Expended Net (Outgoing)/Incoming Resources 10 Tax on net (outgoing)/incoming resources 12 Net Movement in Funds Funds Balances Brought Forward at 1 April Funds Balances Carried Forward at 31 March 19	2025 Unrestricted Funds Restricted Funds Total Funds £ £ £ 150 - 150 - - - 91,440 - 91,440 - - - - - 136,267 - 136,267 227,857 - 227,857 - - - (343,864) (62,737) (406,601) (343,864) (62,737) (406,601) (116,007) (62,737) (178,744) - - (116,007) (62,737) (178,744) (352,024) 62,737 (289,287) (468,031) - (468,031)	2024 Total Funds £ - 165,000 30,796 - - 18,054
		213,850
		- (317,776)
		(317,776)
		(103,926) -
		(103,926) (185,361)
		(289,287)

NEWFORGE COMMUNITY DEVELOPMENT TRUST

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025

	Notes			2025	2024
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		£	£	£	£
Fixed Assets
Tangible assets	13	176,902	7,046,809	7,223,711	7,556,534
		176,902	7,046,809	7,223,711	7,556,534
Current Assets
Debtors	14	41,212	145,282	186,494	549,633
Cash at bank and in hand		3,088	-	3,088	175
		44,300	145,282	189,582	549,808
Creditors:amounts falling due within one year	15	(689,233)	(7,192,091)	(7,881,324)	(8,395,629)
Net Current Liabilities		(644,933)	(7,046,809)	(7,691,742)	(7,845,821)
Total Assets less Current Liabilities		(468,031)	-	(468,031)	(289,287)
Creditors:amounts falling due after more	16	-	-	-	-
than one year
Net Liabilities		(468,031)	-	(468,031)	(289,287)
The Funds of the Charity
General funds	19	(468,031)	-	(468,031)	(289,287)
Revaluation reserve	19	-	-		-
Total Funds		(468,031)	-	(468,031)	(289,287)
Total Charity Funds		(468,031)	-	(468,031)	(289,287)

Ira&e The financial statements on pages 12 to 29 were approved by the Board and signed on its behalf by: Nae Homa A Wilson A McGowan Trustee Company Secretary

Registered Number: NI643348 Charity Commission Number: 107999

NEWFORGE COMMUNITY DEVELOPMENT TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

Notes Net Incoming /(outgoing) Resources before Interest 20 Cash Flows from Investing Activities Proceeds from sale of tangible fixed assets Purchase of tangible fixed assets 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 (Decrease)/Increase 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 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	2025 Unrestricted Funds Restricted Funds Total Funds £ £ £ (78,654) 133,408 54,754 - - - (17,991) 126 (17,865) (96,645) 133,534 36,889 - - - - 17,876 17,876 - - - (9,317) - (9,317) - - - (9,317) 17,876 8,559 (105,962) 151,410 45,448 (580,183) 537,032 (43,151) (686,145) 688,442 2,297 3,088 - 3,088 (689,233) 688,442 (791) (686,145) 688,442 2,297	2024 Total Funds £ 777,780 - (1,148,240)
		(370,460)
		- 455,215 - (9,317) -
		445,898
		75,438 (118,589) (43,151)
		175 (43,326) (43,151)

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General Information

The principal activity of the Newforge Community Development Trust was to provide sports and recreational 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 incorporated in Northern Ireland and domiciled in the United Kingdom. The address of its registered office is 18b Newforge Lane, Belfast, BT9 5NW.

2. 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” (“FRS102”) and the Charities SORP.

3. 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 otherwise 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 (FRS102) (effective 1 January 2015) (“Charities SORP (FRS102)).

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 careful consideration to the results during the financial 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

The Trustees have given careful consideration to the results during the financial year. The trust has net current liabilities of £7,691,742 (2024: £7,845,821), while the Trust continued to experience challenging economic conditions during the financial year. In order to meet its liabilities as they fall due the Trust is dependent on funding from and an associate company 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 bank facilities, the Trustees 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. The Trust has received assurances from its associated company that it will not seek repayment of any balances due to them if the company is not in a position to settle them and will continue to provide financial support for a period of 12 months from the date of these financial statements. On that basis, the financial statements continue to be

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

prepared a going concern basis. The financial statements do not include any adjustments made to reflect an inadequate funding level the associated company or a reduction in or withdrawal of banking facilities.

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 acquisition.

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	-	2% straight line.
Pitches	-	10% straight line.
Equipment, fixtures & fittings	-	15% – 30% reducing balance/straight line.
Computer equipment	-	25% straight line.
Portacabin	-	10% – 20% straight line.
Motor vehicles	-	25% 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.

Assets 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 as 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.

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (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 less 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.

f) 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 Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Grants

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 donations

Gifts and donations are included in full in the Statement of Financial Activities upon receipt.

Incoming resources from 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 basis.

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.

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (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.

Raising funds

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.

Charitable 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 transfer the 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 under such 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 leases

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 company’s functional and presentation currency is the pound sterling.

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

Transactions 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 gains 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 subsequently 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 reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) 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.

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (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 is 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 1 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 contribution 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.

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (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 (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) 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.

4. Critical

Judgements and Estimations of Uncertainty

Critical judgements in applying the company’s accounting policies There are no critical judgements in applying the company’s accounting policies.

Key accounting estimates and assumptions

There are no key accounting estimates and assumptions in applying the company’s accounting policies.

5. Legacies

2025 Unrestricted Funds Restricted Funds Total Funds £ £ £ 150 - 150 150 - 150	Donations and 2024 Total Funds £ - -

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)

6. Government grants Other grants 7. Resources from Charitable Activities Gym Membership Income Other Income 8. Resources from Other Trading Activities	2025 Unrestricte d Funds Restricted Funds Total Funds £ £ £ - - - - - - - - - 2025 Unrestricte d Funds Restricted Funds Total Funds £ £ £ 82,640 82,640 8,800 - 8,800 91,440 - 91,440 2025 Unrestricte d Funds Restricted Funds Total Funds £ £ £ - - - - - -	Grants 2024 Total Funds £ 165,000 -
		165,000
		Incoming 2024 Total Funds £ 30,796
		30,796
		Incoming 2024 Total Funds £ -
		-

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

9.					Resources	Resources
	Expended
				2025		2024
		Unrestricted	Restricted	Total		Total
		Funds	Funds	Funds		Funds
		£	£	£		£
	Wages and salaries	30,654	62,737	93,391		9,081
	Staff pension costs	1,297	-	1,297		136
	Programme resources	2,813	-	2,813		85,203
	Pitch/Room hire	2,149	-	2,149		1,253
	Rent	162,500	-	162,500		81,250
	Light & Heat	45,897	-	45,897		3,000
	Insurance	10,968	-	10,968		11,421
	Water Rates	(150)	-	(150)		-
	Equipment Hire	1,164	-	1,164		6,089
	Repairs & Renewals	10,953	-	10,953		300
	Cleaning	1,780	-	1,780		4,300
	Printing, postage and stationery	(167)	-	(167)		2,035
	Advertising	554	-	554		1,723
	Telephone	356	-	356		504
	Computer costs	3,565	-	3,565		11,337
	Corporation Tax & VAT penalties	1,650	-	1,650		-
	Legal and professional	27,701	-	27,701		16,891
	Bank charges	2,934	-	2,934		1,269
	Catering	91	-	91		3,550
	Staff clothing	-	-	-		7,979
	Depreciation	28,065	-	28,065		58,370
	General expenses	(227)	-	(227)		2,768
	Interest	9,317	-	9,317		9,317
		343,864	62,737	406,601		317,776
10.					Net	Incoming
	Resources
					2025		2024
					£		£
	This is stated after charging
	Staff costs (note 11)				94,688		9,217
	Depreciation of tangible fixed assets – owned assets				28,065		58,370
	Fees payable to the company’s auditors for audit of the financial statements				13,500		7,500
	Fees payable to company’s auditors for taxation				2,500		3,500

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

	Analysis	of Staff
Costs, Directors’ Remuneration and Expenses and the Remuneration of Key	Management Personnel
	2025	2024
Staff costs:	£	£
Wages and salaries	92,265	6,729
Social security costs	1,126	2,352
Pension costs	1,297	136
	94,688	9,217
	2025	2024
	Number	Number
The average monthly number of persons employed by the group
(excluding trustees) during the year by activity was:
Selling and distribution	-	-
Administration	8	6
	8	6
	2025	2024
Emolument of employees	Number	Number
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	-	-

The Trustees did not receive any emoluments during the year. No out-of-pocket expenses were reimbursed to the Trustees during the year (2024: £0). Retirement benefits are accruing to Trustees under a defined contribution scheme are £0 (2024: £0). During the year, pension contributions on behalf of the Trustees amounted to £0 (2024: £0).

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.

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

13.

Assets CURRENT YEAR Cost or Valuation: At 1 April 2024 Additions Disposals At 31 March 2025 *Depreciation:* At 1 April 2024 Charge for year Disposals At 31 March 2025 *Net Book Value* At 31 March 2025 At 31 March 2024	Freehold Property £ 7,526,843 - 7,526,843 301,074 301,073 - 602,147 6,924,696 7,225,770	Equipment, Fixtures & Fittings £ 389,135 17,865 - 407,000 58,370 49,615 - 107,985 299,015 330,764	Tangible Fixed Total £ 7,915,978 17,865 - 7,933,843 359,444 350,688 - 710,132 7,223,711 7,556,534

The above assets are pledged as security against bank facilities.

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13. Tangible Fixed Assets (continued)

PRIOR YEAR Cost or Valuation: At 1 April 2023 Additions Disposals At 31 March 2024 *Depreciation:* At 1 April 2023 Charge for year Disposals At 31 March 2024 *Net Book Value* At 31 March 2024 At 31 March 2023	Freehold Property £ 6,471,716 1,055,128 - 7,526,844 - 301,074 - 301,074 7,225,770 6,471,716	Equipment, Fixtures & Fittings £ 296,022 93,112 - 389,134 - 58,370 - 58,370 330,764 296,022	Total £ 6,767,738 1,148,240 -
			7,915,978
			- 359,444 -
			359,444
			7,556,534
			6,767,738

14.

Trade Debtors Other tax and social security Prepayments and accrued income	Debtors 2025 2024 Unrestricted Funds Restricted Funds Total Funds Total Funds £ £ £ £ 29,205 29,205 7,500 - - - - 12,007 145,282 157,289 542,133
	41,212 145,282 186,494 549,633

15. amounts falling due within one year

Creditors:

Bank overdraft (note 18) Trade creditors Amounts owed to associated companies Other tax and social security Accruals and deferred income	2025 2024 Unrestricted Funds Restricted Funds Total Funds Total Funds £ £ £ £ 689,233 (688,442) 791 43,326 - 122,034 122,034 91,774 - 646,074 646,074 628,198 - 11,598 11,598 6,636 - 7,100,827 7,100,827 7,625,695
	689,233 7,192,091 7,881,324 8,395,629

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.

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

16.				Creditors:	Creditors:
	amounts falling due after more than one year
				2025	2024
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		£	£	£		£
	Bank loans (note 18)	-	-	-		-
	Deferred income	-	-	-		-
		-	-	-		-
	The security for bank and other facilities is disclosed in note 18.
17.				Obligations
	under Hire Purchase Agreements
				2025	2024
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		£	£	£		£
	Net hire purchase obligations fall due as
	follows:
	Within one year	-	-	-		-
	Within two and five years	-	-	-		-
		-	-	-		-
18.				Bank	and	Other
	Loans
				2025	2024
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		£	£	£		£
	Maturity of financial liabilities
	In one year or less, or on demand	689,233	(688,442)	791	43,326
	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	-	-	-		-
		689,233	(688,442)	791	43,326

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

19. Charitable Funds Charity – unrestricted funds At 1 April 2024 Net incoming resources for the year At 31 March 2025 Charity – unrestricted funds At 1 April 2023 Net incoming resources for the year At 31 March 2024 20. Cash Flow Statement Net (outgoing)/ 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 Analysis of Net Debt At 1 Apri 2024 Cash at bank and in hand 175 Bank overdraft (43,326) Cash and cash equivalents (43,151) Bank loans - Other loans (628,198) Total (671,349)	19. Charitable Funds Charity – unrestricted funds At 1 April 2024 Net incoming resources for the year At 31 March 2025 Charity – unrestricted funds At 1 April 2023 Net incoming resources for the year At 31 March 2024 20. Cash Flow Statement Net (outgoing)/ 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 Analysis of Net Debt At 1 Apri 2024 Cash at bank and in hand 175 Bank overdraft (43,326) Cash and cash equivalents (43,151) Bank loans - Other loans (628,198) Total (671,349)	Analysis of Revaluation Reserve General Funds Restricted Funds Total Funds £ £ £ £ - (352,024) 62,737 (289,287) - (116,007) (62,737) (178,744) - (468,031) - (468,031) Revaluation Reserve General Funds Restricted Funds Total Funds £ £ £ £ - (185,361) - (185,361) - (166,663) 62,737 (103,926) - (352,024) 62,737 (289,287) Notes to the 2025 2024 Unrestricted Funds Restricted Funds Total Funds Total Funds £ £ £ £ (116,007) (62,737) (178,744) (103,926) 9,317 - 9,317 9,317 (106,690) (62,737) (169,427) (94,609) 49,615 301,073 350,688 359,444 - - - - (21,579) 384,718 363,139 (502,590) - (489,646) (489,646) 1,015,535 (78,654) 133,408 54,754 777,780 l Cash Flows Non-cash Changes At 31 March 2025 2,913 - 3,088 42,535 - (791) 45,448 - 2,297 - - - (17,876) - (646,074) 27,572 - (643,777)	Analysis of General Funds Restricted Funds Total Funds £ £ £ (352,024) 62,737 (289,287) (116,007) (62,737) (178,744)
			(468,031) - (468,031)
			General Funds Restricted Funds Total Funds £ £ £ (185,361) - (185,361) (166,663) 62,737 (103,926)
			(352,024) 62,737 (289,287)
	(43,151) - (628,198)
	(671,349)

NEWFORGE COMMUNITY DEVELOPMENT TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

21.

Instruments Financial assets that are debt instruments measured at amortised cost Trade debtors Other loan Financial liabilities measured at amortised cost Bank overdrafts Amounts owed to associated companies Net obligation under finance leases and hire purchase Trade creditors Accruals	Financial 2025 2024 Unrestricted Funds Restricted Funds Total Funds Total Funds £ £ £ £ 29,205 - 29,205 7,500 - - - -
	29,205 - 29,205 7,500
	- 689,233 (688,442) 791 43,326 - 646,074 646,074 628,198 - - - - - 122,034 122,034 91,774 - 50,777 50,777 31,262
	689,233 130,443 819,676 794,560

22. Contingent

Liabilities

Guarantees

The company has given no guarantees requiring disclosure.

Capital commitments

The company had no capital commitments at the year-end (2023: £0).

23.

Related Party

Transactions

At the Balance Sheet date the company had amounts outstanding of £420,196 (2024: £402,939) with Royal Ulster Constabulary Athletic Association Limited which is a related party due to common directors and £225,878 (2024: £225,259) with Newforge Trading Services, also a related party due to common directors.

24. Ultimate

Controlling Party

The ultimate controlling party is the Board of Trustees.