Lagmore Youth Project
STATEMENT OF FINANCIAL ACTIVITIES
for the financial year onded 31 Decemb8r 2023
Unrestrlcted
Funds
2023
Total Unrestricted
Funds
Funds
2023
2022
Total
Funds
2022
Notes
Incom•
Donations and legacies
Charitable acliviliès
Grants from governmenls and othor Go-funders
¢3ther In￿Me
153,813
1 $3,813
116,873
116,873
43,073
68
43,073
52,323
52,323
Total Income
196,954
196.954
169,198
169.198
Exp•ndlture
Charitable activities
193,217
193.217
168,347
168.347
Net In¢omellèxpendlturel
3,737
3,737
851
851
Transfers ba￿8en funds
Net movement In funds for the flnanclal year
Reconclllatlon of funds..
Total funds beginning of the year
3,737
3,737
851
851
16
58,990
58,990
58,139
58,139
Total funds at th• •nd ol the year
62,727
62,727
58,990
58,990
Th? Statement of Flnanc+al Activili98 includ8s all gains and 10$8es rocogni80d in the fin8w81 year.
All incomg and 8xpendilur• relate lo continuing activiligs.
Thg notes on pages 12 to 17 lom part of the finanual stat•mènts
10

Lagmore Youth Project
BALANCE SHEET
as al 31 December 2023
2023
2022
Notrs
Flxed Assets
Tangible assols
12
12,547
16.729
Current Assets
Debtors
Cash at bank and in hand
13
33,491
17,839
42.536
51,330
42,536
Credltors: Amounts falllng due wlthln on• y•ar
14
{1,1501
12751
Nèt Current Ass•t$
50,180
42,261
Total Assets less Currnnt Llabllltl•s
62,727
58,990
Funds
Gen8ral fvnd lunr8slri¢t•dl
82,727
58.990
Total funds
18
62,727
58,990
The financial slatemenls have beèn propared in 8ccordance with the kyovisions appli¢4bl8 lo companio8 subject lo the
$mall componios, regime and in accordance with FRS 102 'The Financial R8POrting Standard applicabl8 In the UK and
Republic of Ireland" applying Section 1A of that Standard.
Approved by the Board of Trustees and authorlsed lor Issue on 3Tr
behalf ty
Ind slgn•d on Its
Mr Sean Devlne
Chalrperson
Th8 not88 on paaes 12 to 17 forrn part of the financial slatèm•nts

Lagmore Youth Project
NOTES TO THE FINANCIAL STATEMENTS
for the financial y8ar endèd 31 0oc8mb812023
GENERAL INFORMATION
Lagmor6 Youth Projgcl is a charity Incorporated in Northern Ireland. The registered offi¢e of the charity is 12B
L8gmore Drive. Belfast, BT17 OTG. United Kingdom whi¢h is olso the principal place of business of the charity
The financial stat8n*nls have been pmsontèd in Pound 1£) which is also th$ functional ¢urrency of the charity.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The lollowing accounting policies have beèn applied consistently in doaling wlh itvJm$ which are c¢n$KJered
matenal in relation to the charity s financial stslements.
Basls of preparatlon
Th$ financial statem•nts have ￿en pitspared under the historical cost ￿nventiOn, m￿lf1•d lo include ¢ortain
item$ ot fair value. Th* financial statemenls havo been prepared in accordanc& with the Statemenl of
R•commended Pr8¢tico ISORPI 'Ae¢ounling and Reporting by Charitws piaparinq their accounts In
accordance with thè Finon¢ial Reporting Standard applicable in the UK and Republi¢ of Ir8land FRS 102.,
applying S$clion 1A of Ih8t Standord.
A5 pemiitted by tho Companies A¢1 2006, the charity has varied thè standard fomals in that act for th8
Slalemenl of Financial Activities and the Balance Sheet. Departures from the standard formats are lo comply
with the requirements of the Chanltes SORP and are In compliance with $6ction 4.7. 10.6 and 15.2 of that
SORP.
Statement of compllan
Tho financial statements of thè charity for the financial year •nded 31 December 2017 have been prepared on
the going concem ba3is and in acKordance wth thg Statemènt of Rgcommendgd Practice ISORPI "Accounting
and Rgporting by Charities preparing their accounts In accordanc6 with th¥ Financial Rgporting Standard
8pplieAb18 in thè UK and Rapublic ol Ir•land FRS 102. applying $￿tion 1A of that Standard.
Fund accountlng
Tho following ala the cgleg0ri•8 of funds mainlain•d..
Restrlcted funds
R8$lri¢led funds reprès•nl income recèiv8d which c8n only be used for path'cular purposé8, 4$ specifi8d by th
donors. Such PUTPOS88 are within th8 ovèi811 obj8dives of thè charity.
Unrestrlcted funds
Unfeslriclad funds GOn￿$t of General and DesvJnal8d fund$.
Gon•ral fund8 ropr•sonl 8mounlB which aro 8xp•ndablo at the diBcretion of the board, In furtherance DI the
objectives of thè chanty.
D8signalgd funds compris• unr8stricl8d funds Ihol the boArd has. al 118 di$¢retion, set a8ide for particular
purpos6s. Th83è designations have an administrative purpose only, and do not lègally rfrstrict tho board,
discmlion to apply the fund.
Ineome
Ineome 1$ ￿ets9n138d by inclusion in the Slalemenl of Financi81 Activities only wh•n th• charity is legally •nlitt•d
to the income, performance condition$ gtta¢hod lo th¢ Itemlsl of Income have bèen met, the amounts involved
can be m88surod with $uffici8nl reliability and il is probable that the incom8 will bo r8CelV8d by the charity.
Income trom charltable actlvltles
Income from charitable activities Include in¢omg eamed fTom the supply of services undér contractual
arrangeM8nls and from p8rforynance related grants which have condibons that specify the provision of particular
services to be provided by the charity. Income from govemmenl and other co-funders is recognised when thè
charrty Is legally entitled lo the Income because il is fulfilling the conditions contained in the related funding
agreements. Where a grant is received in advanGe. ils recognrtion is deftrrred and Included in creditors. Where
ents'llement Lxcurs before incomè is r￿1ved, Il is accrued in debtors.
Grants from governmenis and other co-funder5 typI￿llY Include one of the follo￿ng lypgs of condrtions..
Performance based conditions.. whereby the charity is contractually entitled lo funding only to the extent that
the core objectsves of the grant agreement ar? achievgd. Where the charity Is meeting the core obieclives of a
grant agreement. il recngnises the related expendrture, lo thé èxlanl that It is reimbLtrsable by Ihg donor. as
12

conlinutsd
Lagmore Youth Project
NOTES TO THE FINANCIAL STATEMENTS
for th8 financial year ended 31 Dec8mb&r 2023
income.
•Time ba$8d ¢ondilions'. whereby the ¢harity is contractually ¥nlrtled to funding ¢)n the condrtion that it is ulilised
In a particular period. In these cas9s the charity recognises the Income to tha extent it Is utilised within the period
$pèufi8d in thè agreem6nl.
In the absence of such conditions, assuming that r8ceipt Is probab￿ and the amount can be reliably mèasurèd.
grant income is ie¢ognised once the ¢harily is notified of entillemenl.
Grants received towards ¢apitsl expenditure are credrted lo the Slat6m&nt of Financial Ath'vitses when r6e8iv6d
or reGeivable, whi¢hever is eartier.
Expendlture
Expenditure is analysed behveen costs of ¢harilable activibes and raising funds. The costs of each aclwity are
separately accumulated and disclosed, and analysed according lo their major ￿mpOnents. Expenditure is
recognised when a legal or construGtive obligation exists as a result ol a past event, a transfaf of economie
benefits is required in sethem¢nt and the amount of the obligalion ¢an be reliably measured. Support Costs are
those lun¢lion$ that assist tho work of the charity but cannot be allribuled lo one aclivily. SuGh costs are
allo¢•lad lo acliwlias in proportion lo stoft ts'mo ¥penl or oth•r suitable measure lor each 8¢livily.
Tanglbl• flxod assets and d•pre¢l*tlon
Tangible fixed assets Èrè slal&d at cost or al valuation, loss accumulated depr8cialion. Th• charge to
depreciation Is Galculaled lo ￿11¢ off the original ¢osl or valuation of tangible fixèd assets.168s their osts'maled
residual value, over their éxpected u$&fvl lives as foll¢)WS'.
Marquee
Computer Equipmonl
Game8 Room
Kitchen Equiprmnl
25% Reducing Balance
25% Reducing 8alance
25Vo Reducing Balance
25% Roducing B818n¢6
Debtors
Debtors are recognised al the settlomenl amount due after any discount offèrèd. Prepaym8nl$ are valued sl
the amount Pf•paid ntl of any trode discourils du•. Income recognised by th8 Charity from government 8gencio$
and olhor co-funders, but not yel re¢gived al finan¢ial year end. is in¢luded in debtors.
Cash at bank and In hand
Cash al bank and in hand Gomprises cbsh on doposil al banks requiring less than three months noli¢e of
withdrgwal.
Taxatlon and deferred taxatlon
No ¢urrenl or deferred taxation arises 8s the charrty has b68n oranted ¢h•ritsbl• èxèmption. Irr•eovèrAblè
valued added lax is expensed as incurred.
D8ferred tax is recognised in respect of all liming diffefences that have originated but not reversed al the balance
sheet dale where Iransacllons or events have 0￿rred at thal dale that wll result In an obligation lo pay more
tax In the future. or a right to pay l&$¥ tax in the future. Timing differenGeJ are temporary differenGeJ betyveen
the ¢harity'$ taxable profits and ils rosults as staled In the financial $lalemenls.
Deferred tax is measured on an und15counled basis al the lax rates that are anlicipaled to apply In the peri¢)ds
in which the liming differences are èxpected lo reversa, basod on tsx ratos and laws that have been enacted or
subslanlively 8nac16d by the bolan¢e $he¢t dato.
SIGNIFICANT ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
Th8 preparation of thè frnancial sl8t8menls requires manag6m8nt lo make iudgemenls, estimat6s and
assumptions that affect the amounls r8POrt8d. These estimates and judg8mènls ar8 toTrlinually reviewed and
are based on experience and other factors. induding exp•ctslKJn$ of future events that ar• beli8v•d to
rgasonable under cir¢umstanGes.
GOING CONCERN
Thè Trustges have not identrfied any material uncertainties relatod lo ev￿￿ or wnditM)ns that may cost
significant doubt about thg charity's ability to conbnua a$ a going concern.
13

continued
Lagmore Youth Project
NOTES TO THE FINANCIAL STATEMENTS
for the finanual yeai ended 31 December 2023
INCOME
DONATIONS AND LEGACIES
Unrè$trlcted Restrlcted
Funds
Funds
2023
2022
Educotion Authority
Belfast City Coun¢il
Donations
Co-operation Ireland
96.808
17.805
39.200
96.808
17,805
39,200
100.428
5.802
4,763
5.880
153,813
153,813
116,873
CHARITABLE ACTIVITIES
Unrestri¢ied Restrlcted
Funds
Funds
2023
2022
Grants from governments and oth•r ¢04unders:
Goneraled Income
Common Purpose
Refunds
19,368
18,278
5.427
19,368
18,278
6,427
44,472
7,851
43,073
43,073
52,323
OTHER INCOME
Unrestrlcted Restrlcted
Funds
Funds
2023
2022
Intèrèst
68
88
EXPENDITURE
CHARITABLE ACTIVITIES
Dlrect
Costs
Other
Costs
Support
Costs
2023
2022
Exponditur¥ on charitsbla activit•8
Staff Costs
Facililalion Féés
PTogramm8 Costs
Malenals
Overhegds
Trav81
Professional Feas
G8neral Expenditure
1.774
1,774
91,028
2.815
40,175
3,146
15,506
4,897
875
28,819
4,192
6,391
51.634
13.068
34,604
15,103
11,479
5,068
275
20.316
8.S8g
1,100
720
91.028
2,815
40,175
3,148
15,506
4,897
875
28,819
D•prgci*iion
Cènlre Hir6
Outr8ach
4.182
81,626
111.591
193,217
168,347
SUPPORT COSTS
Charltable
Actlvltles
2023
2022
Sl8ff Costs
Depreciation
Pro￿ty
Inde￿ndant Examination
91,028
4,182
15,506
875
91.028
4,182
15,506
87S
51.634
8,589
12,579
275
111,591
111,591
73,077
14

continued
Lagmore Youth Project
NOTES TO THE FINANCIAL STATEMENTS
foi th8 financial year endéd 31 Decembèr 2023
ANALYSIS OF SUPPORT COSTS
2023
2022
Sloff Costs
Dgpieciation
Propety
Indeyndent Examination
91.028
4,182
15,506
875
51.834
8.589
12.579
275
111,591
73,077
NET INCOME
2023
2022
Net Income Is ststed after ¢harglngll¢r¢dltlng):
DepreciBtion of Intangiblè as$$15
Independent Examiner's r8muner8lion'.
ndependent examination sarvice5
4,182
8.589
600
INVESTMENT AND OTHER INCOME
2023
2022
88nk intgrest
68
to.
EMPLOYEES AND REMUNERATION
Th8 staff coslg comprisè..
2023
2022
Wa90$ and salarpos
91,028
51.834
Thore wwo no •mploy888 who re¢&ived b8nefits of more than £80,000 for tho reporting period (2022.. r¢il
Tho Avèrag• num￿1 of p•r$on8 •mploy•d lin¢luding exoculive trusteesl during the linancial yoar wa6 1012022.
6}
11.
TRUSTEE REMUNERATION AND EXPENSES
No remunèralion OT other ￿n￿lit8 Irom 8mploym8nl wrth thè charity or a r•lat8d entity woro roe•iv•d by th•
Trusloes
Is

conts.nued
Lagmore Youth Project
NOTES TO THE FINANCIAL STATEMENTS
foi the Iinar)cial year ended 310t¢embei 2023
12.
TANGIBLE FIXED ASSETS
Total
Marquee
ComputerGames Room
Equlpment
Kttchen
Equlpment
Cost
Al 31 December 2023
26,644
1,285
4,711
1,722
34,362
DepreGlatlon
Al 1 January 2023
Charge foi the financial year
13,322
3,331
954
83
2,497
553
860
215
17.633
4.182
At 31 De¢ombor 2023
16,653
1,037
3,050
1,075
21,815
Net b¢x)k value
Al 31 D•c?mb?r 2023
9,991
248
1,681
12,547
At 31 December 2022
13.322
331
2.214
862
16.729
13.
DE8TORS
2023
2022
Tradg debtors
33,491
14.
CREDITORS
Amounts falllng due wlthln one year
2023
2022
Accru•l$ and doforrod incom•
1,150
275
RESERVES
2023
2022
Al the beginning of the yoar
Surplus lor tho financial year
58,990
3,737
58.139
851
Al th8 ond of the year
62,727
58,990
16.
16.1
FUNDS
RECONCILIATION OF MOVEMENT IN FUNOS
Unrestrlcted
Funds
Total
Funds
At 1 JAnuary 2022
Mov8ménl during th8 fin8ncial year
S8.139
851
58,139
851
Al 31 December 2022
Movement during the linancial year
58,990
3,737
58,990
3,737
At 31 D￿eMber 2023
62,727
62,727
16

continued
Lagmore Youth Project
NOTES TO THE FINANCIAL STATEMENTS
for Ihg financial y8ar ended 31 D8cembei 2023
16.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 January
2023
Income Expendlture
Transfèrs
Balance
between 31 December
tunds
2023
UnrestrlGted lunds
Unrestricted General
58,990
196.954
193,217
62.727
Total lunds
58,990
196,9S4
193,217
62,727
18.3 ANALYSIS OF NET ASSETS BY FUND
Flxed
assets
- charlty use
Current
assets
Current
Ilabllltle5
Total
Unrestricted general funds
12.547
51.330
11.180)
62,727
12,547
51,330
11,150}
62,727
17.
POST-BALANCE SHEET EVENTS
There havo boen no signific8nl events affecting the Charrty sinc• Ihg financial yaAr-end.
18.
CHARITh STATU8
LagmoTè YoLth PToJa¢l Is o charIta￿e tTU81 ¢on8tilut•d undar a tru$l daed. Lagmorè Youth Prolact con$lilul•s
a public benefit antyty as delined by FRS 102.
17

DRAFfFINANCIAL STA TEMENTS 30 January 2025
LAGMORE YOUTH PROJECT
SUPPLEMENTARY INFORMATION
RELATING TO THE FINANCIAL STAT
MENTS
THE FINANCIAL YEAR ENDEO 31 DECEMBER 20
18

Lagmore Youth Project
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
Operating Statement
for the financial year ended 31 Decfrmber 2023
2023
2022
Income
Donations
Educats'on Authority
B•lfasl City Council
CFNI
Cc*Op8ralion Ireland
Gon8raled Incom8
Common Purp)se
Refunds
39,200
96,808
17,805
1,200
100,428
5.802
3.563
5.880
44,472
19,368
18,278
5,427
7.851
196,886
16g,196
Expenses
Wages and salar￿S
Rent payable
Light and heal
Facilitation Fèès
Programme 0oliv•ry Costs
M8leria18
EventslA¢livrti•s
Travelling and entertainment
Legal and prolessional
Auditor'sllnd8p8ndent Examinerfs remunerabon
Other resources expanded
Gengral expenses
DeprgGialion
91,028
51,634
1.100
11.479
13,068
34,604
15.103
6.391
5,068
275
16,506
2,815
40,175
3,146
1.774
4,897
275
600
720
20,316
8.589
28,819
4,182
193,217
168,347
Mlscellaneous Income
Bank 1nterest
Net surplus
3,737
8S1
The supplementary information do¢? not form part tsf the finaneial statomgnts
19