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← CSLI (Belfast) Ltd

2025-06-30-accounts

Company registration number NI645319

CSLI (BELFAST) LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

CSLI (BELFAST) LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Directors Dr Maureen Bennett
MrJeremy Eves
Mr Joel Woodruff
Mrs Linda Barr
Mrs Karena Cluney
MrAaron Williamson
Dr Olwen Kerr
Mr Peter Barbour
Ms Caroline Garrett
Mr Philip McMillan
Charity number NIO0826
Company number NI645319
Registered office 6th Floor EastTower
Lanyon Plaza
8 Lanyon Place
Belfast
BT1 3LP
Independent examiner HM Chartered Accountants
6th Floor East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
Co. Antrim
BT1 3LP
Bankers Danske Bank
Donegall Square West
Belfast
Co. Antrim
Northern Ireland
BT16JS

(Appointed 11 September 2025) (Appointed 11 September 2925) (Appointed 15 January 2026)

CSLI (BELFAST) LTD

CONTENTS

Page
Directors report 1-3
Independent examiner's report 4
Statement of financial activities 5
Statement of financial position 6
Statement of cash flows 7
Notestothefinancialstatements 8-15

CSLI (BELFAST) LTD

DIRECTORS REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025

The Directors have pleasure in presenting their report and the financial statements for the charitable company for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and “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 (FRS 102)” (effective 1 January 2019).

Objectives and activities

The C.S. Lewis Institute was established in Belfast in 2016, incorporated as CSLI (Belfast) Ltd on 20th April 2017 and seeks men and women to be part of the discipleship movement in the homeland of Lewis. The C.S. Lewis Institute in Belfast is devoted to developing disciples who can articulate, defend, share and live out faith in Christ in public and personal life; we are associated with the C.S. Lewis Institute in Washington D.C., which began in 1976 and stresses discipleship of heart and mind. The C.S. Lewis Institute works in partnership with local churches and ministries to help believers glorify God by becoming mature disciples of Jesus Christ who impact the spheres of influence to which God has called them. The Fellows programme follows a curriculum developed over several years by our colleagues in Washington. It is regularly reviewed and we, like other CSLI Cities are invited to offer any amendments.

The directors have considered the Charity Commission's guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2).

Achievements and performance

On behalf of the CSLI (Belfast) Board of Directors, | have the privilege of introducing the 2024-25 Directors Report.

The Board met 7 times during the period, including a half-day strategy session, to pray and plan for the work of CSLI Belfast.

The 9th year of the CSLI Belfast Fellows Programme in 2024/25 has once again been eventful and blessed.

  1. The C.S. Lewis Institute Fellows Programme.

Fellows Recruitment

As always, we prayed for the Lord to help us gather those He was calling to deeper discipleship with Him.

We continued our policy of not charging any fees for ou Fellows Programme, as we believe that finances should never be a barrier for anyone seeking deeper discipleship with Christ. We simply asked that Fellows contribute to the cost of the Retreat, pay for their own books and consider giving to the work of CSLI Belfast, as par: of their charitable giving.

We were blessed with a group of what would eventually 9ecome 30 Fellows. Praise the Lord!

Our Fellows Programme followed our usual pattern and we were blessed by excellent speakers from both Northern Ireland and the USA.

Zoom Prayer

We continued to gather twice monthly for prayer via Zoom most months throughout the year, as we believe prayer to be an essential part of our ministry. Not only did the many from the CSLI Belfast community gather for prayer but we were also joined by many friends and speakers from the USA.

Edinburgh Satellite Programme Launched

In February 2025 we launched our first CSLI satellite city within the British Isles. CSLI Edinburgh will be under the direction of Belfast City Director Stuart Horner, with elements of the CSLI Belfast Fellows Programme facilitated in Edinburgh by Programme Facilitator ‘or CSLI Edinburgh Joy Hadden, who completed the Fellow’s Program with CSLI Belfast in 2022.

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CSLI (BELFAST) LTD
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DIRECTORS REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
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  1. The C.S. Lewis Institute Inklings Programme and Apologetics and Discipleship Seminars.

Instruction and encouragement from various Christian authors and speakers provided challenge and encouragement to participating Inklings about important aspects of life in the Kingdom of God. Inklings are Fellows and Mentors who have participated in the Fellows programme in previous years together with their guests or others who are interested.

Inklings evenings in 2024/25 included:

Other Seminars and Public events in 2024/25 included:

14th November 2024 — Prayer & Praise evening with our Founding Directors Drs Royce & Susan Johnson.

Financial review

The results for the year are set out in detail in these accounts. The company returned net income for the period of year ended 30 June 2025 of £13,023 all of which is unrestricted.

Going concern

These financial statements are prepared on the going concern basis.

Funds in deficit

The directors consider it prudent that unrestricted reserves should be sufficientto ensure that, in the event of a crop in income, they will be able to cantinue the charity's current activities while consideration is given to ways in which additional funds may be raised.

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CSLI (BELFAST) LTD

DIRECTORS REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Structure, governance and management

The company is governed by its Memorandum and Articles of Association. The company is not-for-profit and is limited by guarantee.

Reference and Administrative Information

Name of Charity CSLI (Belfast} Limited

For the year ended 30 June 2025

CSLI (Belfast) Limited

Charity registration number NI00826

Company registration number NI645319

Registered Office Address: changed from Centre Point 24 Ormeau Avenue Belfast BT2 8HS Northern Ireland to 6th Floor East Tower Lanyon Plaza 8 Lanyon Place Belfast BT1 3LP Northern Ireland on 21 February 2025.

The directors of the charitable company are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:

Dr Maureen Bennett

Mr Jeremy Eves Mr Trevor Reaney {Resigned 31 December 2025)

Mr Joel Woodruff

Mrs Linda Barr

Mr William Carson (Resigned 11 September 2025) Mrs Karena Cluney Mr Aaron Williamson

Dr Olwen Kerr

Mr Peter Barbour (Appointed 11 September 2025) Ms Caroline Garrett (Appointed 11 September 2025) Mr Philip McMillan {Appointed 15 January 2026)

Independent examiners HM Chartered Accountants 6th Floor East Tower Lanyon Plaza, 8 Lanyon Place, Be fast, Northern Ireland, BT1 3LP

Bankers Daiske Bank

PO Box 183

Donegall Square West Belfast BT1 6JS

The Directors report was approved by the Board of Directors.

Dr Maureen Bennett

18 March 2026

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CSLI (BELFAST) LTD
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INDEPENDENT EXAMINER'S REPORT
TO THE DIRECTORS OF CSLI (BELFAST) LTD
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| report on the financial statements of the Charity for the year ended 30 June 2025, which are set out on pages 5 to 15.

Respective responsibilities of charity Directors and examiner

As the Directors of the Charity {and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements and you have considered the audit requirement of Section 65(3) of the Charities Act (NI) 2008 (the Act). Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to:

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Basis of independent examiner's report
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We have examined your charity financial statements as required under section 65 of the Charities Act (Northern Ireland) 2008 and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also included consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as charity trustees concerning any such matters.

Our role is to state whether any material matters have come to my attention giving me cause to believe that: * Accounting records were not kept in accordance with sectior 386 of the Companies Act 2006; or ® The financial statements do not accord with those accounting records; or * The financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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 (FRS 102): or

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Independent examiner's statement
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We have completed my examination and have no concerns in respect of the matters (1) to (4} listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention.

HM Chartered Accountants 6th Floor East Tower Lanyon Plaza 8 Lanyon Place Belfast Co. Antrim BT1 3LP 18 March 2026

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CSLI (BELFAST) LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Donations and legacies 3 68,570 48,074
Charitable activities 4 €3,256 40,212
Investments 5 800 2,407
Total income 122,626 90,693
Expenditure on:
Charitable activities 6 109,603 89,334
Total expenditure 109,603 89,334
Net income and movement in funds 13,023 1,359
Reconciliation of funds:
Fund balances al 1 July 2024 87,814 86,455
Fundbalancesat30June2025 100,837 87,814

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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CSLI (BELFAST) LTD

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 12 427 192
Current assets
Debtors 13 4,089 3,373
Cash at bank and in hand 107,821 87,963
111,910 91,336
Creditors: amounts falling due within one 14
year (11,500) (3,714)
Net currentassets 100,410 87,622
Total assets less current liabilities 100,837 87,814
The funds ofthe Charity
Unrestricted funds 17 100,837 87,814
100,837 87,814

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expend ture, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to campanies subject to the small companies regime.

The financial statements were approved by the Directors on 18 March 2026

Dr Maureen Bennett

Company registration number NI645319 (Northern Ireland)

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CSLI (BELFAST) LTD

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Cash|flows from|operating|activities| |Cash|generated|from/(absorbed|by)|operations|19| |19,438|(4,081)| |Investing|activities| |Purchase|of tangible|fixed|assets|(379)|-| |Investment|income|received|800|2,407| |Net|cash|generated|from|investing|activities| |421|2,407| |Net|cash|used|in|financing|activities|-|-| |Net|increase/{decrease)|in|cash|and|cash|equivalents| |19,858|(1,674)| |Cash|and|cash|equivalents|at|beginning|of year|87,963|89,636| |Cash|and|cash|equivalents|at|end|of year|107,821|87,962|

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CSLI (BELFAST) LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information CSLI (Belfast) Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 6th Floor East Tower, Lanyon Plaza, 8 Lanyon Place, Belfast, BT1 3LP.

1.1. Accounting convention

The financial statements have been prepared in accordance with the Companies Act 2006 and "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 (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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1.2 Going concern
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At the time of approving the financial statements, the Directors have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3. Charitable funds

Unrestricted funds are available for use at the discretion of the Directors in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

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1.4 Incoming resources
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the
amounts can be neasured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the
donation, unless performance conditions require deferral of tre amount. Income tax recoverable in relation to
donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the
amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it
is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be
measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared
costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are
allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with the use of
resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the
portion of the asset's use.
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CSLI (BELFAST) LTD

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
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1 Accounting policies

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1.5 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful
lives on the following bases:
Computers 20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the
carrying value of the asset, and is recognised in the statement of financial activities.
1.6 Impairment of fixed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there
is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable
amount of the asset is estimated in order to determine the extent of the impairment loss (if any}.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments
with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in
current liabilities.
1.8 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other
Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recagnised in the Charity's balance sheet when the Charity becomes party to the contractual
provisions of the instrument.
Financial assets and liabilities are offset, with 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest metiod 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. Financial assets classified as receivable within one year are not
amaortised.
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CSLI (BELFAST) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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1 Accounting policies
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Basic financial liabilities

Basic financial liabilities, including creditors 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transact on price and subsequently measured at amortised cost using tre effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services ave received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and “‘uture periods where the revision affects both current and future periods.

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3 Donations and legacies
Unrestricted Total
funds
2025 2024
£ £
Donations and gifts 58,570 48,074
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CSLI (BELFAST) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Charitable activities
Income from fellows 46,863 16,084
Events 16,393 24,128
63,256 40,212
5 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 800 2,407
6 Expenditure on charitable activities
Charitable Charitable
activities activities
2025 2024
£ £
Direct costs
Retreat expenditure 17,498 8,663
Share of support and governance costs (see note 7)
Support 92,105 80,671
109,603 89,334
Analysis by fund
Unrestrictedfunds 109,603 89,334

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CSLI (BELFAST) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |7|Support|costs| |Support|costs|Governance|2025|2024| |costs| |£|£|£|£| |Staff|costs|61,147|-|61,147|55,694| |Other|staff costs|5,391|-|5,391|4,926| |Meetings|&|events|3,765|-|3,766|993| |Professional|Fees|1,044|-|1,044|1,044| |Office|Costs|7,476|-|7,476|3,942| |Fellows|meeting|costs|12,419|-|12,419|13,147| |Finance&|Banking|115|-|115|117| |Insurance|602|-|602|663| |Depreciation|145|-|145|146| |92,105|-|92,105|80,671| |Analysed|between| |Charitable|activities|92,105|-|92,105|80,670| |8|Net|movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for|the|independent|examination|of the|charity's|financial|statements| |900|900| |Depreciation|of owned|tangible|fixed|assets|145|146|

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9 Directors

None of the Directors (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

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CSLI (BELFAST) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

10 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
2 2
Employment costs 2025 2024
£ £
Wages and salaries 57,675 52,472
Otherpension costs 3,472 3,222
61,147 55,694

The salaries disclosed represent the salaries of the key management personnel.

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

  1. Tangible fixed assets
Tangible fixed assets
Computers
£
Cost
At 1 July 2024 725
Additions 379
At 30 June 2025 1,104
Depreciation and impairment
At 1 July 2024 §33
Depreciation charged in the year 145
At 30 June 2025 677
Carrying amount
At 30 June 2025 427
At30June2024 192

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CSLI (BELFAST) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

13. Debtors
2025 2024
Amounts falling due within one year: £ £
Otherdebtors 3,513 2,823
Prepayments and accrued income 576 550
4,089 3,373
14 = Creditors: amounts falling due within oneyear
2025 2024
Notes £ £
Deferred income 15 2,249 400
Other creditors 6,795 1,379
Accruals 2,456 1,935
11,500 3,714
15 Deferred income
2025 2024
£ £
Other deferred income 2,249 400
16 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Chargetoprofitorlossinrespectofdefinedcontributionschemes 3,472 3,222

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2024 Incoming ResourcesAt 30 June 2025 resources expended £ £ £ £ General funds 87,814 122,626 (109,603) 100,837

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CSLI (BELFAST) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

17 ~—_—Unrestricted funds (Continued)
Previous year: At 1 July 2023 Incoming ResourcesAt 30 June 2024
resources expended
£ £ £ £
General funds 86,455 90,693 (89,334) 87,814
18 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
19 Cash generated from operations 2025 2024
£ £
Surplus for the year 13,023 1,359
Adjustments for:
Invesiment income recognised in statement offinancial activities (800) (2,407)
Depreciation and impairment of tangible fixed assets 145 145
Movements in working capital:
(Increase) in debtors {716) (2,509)
Increase in creditors 5,937 31
Increase/(decrease) in deferred income 1,849 (700)
Cashgeneratedfrom/{absorbedby)operations 19,438 (4,081)

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This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.