Company registration number NI632897 (Northern Ireland)
Charity registration number 105492 (Northern Ireland)
LCC COMMUNITY TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
LCC COMMUNITY TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs M Agnew
Mr B C Agnew MBE
Mr S J Agnew
Mr R Browne
Mr R E Jennings
Ms S S O Smyth
Secretary
Mr R Browne
Country of incorporation
United Kingdom
NI632897
(Northern Ireland)
Charity registration
Northern Ireland
105492
Principal address
1-3 Graham Gardens
Lisburn
Co Antrim
BT28 1XE
Registered office
1-3 Graham Gardens
Lisburn
Co Antrim
BT28 1XE
Auditor
GMcG Lisburn
Century House
40 Crescent Business Park
Lisburn
BT28 2GN
Bankers
Santander
Bridle Road
Bootle
Merseyside
L30 4GB
Danske Bank
Bow Street Mall
Lisburn
BT28 1AW
LCC COMMUNITY TRUST
CONTENTS
Page
Trustees' report
1 - 7
Independent auditor's report
8 - 13
Statement of financial activities
14
Statement of financial position
15
Statement of cash flows
16
Notes to the financial statements
17 - 30
LCC COMMUNITY TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2026.

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 Memorandum and Articles of Association, 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

LCC Community Trust exists to support people experiencing poverty, financial hardship, food insecurity, and social isolation. Through crisis intervention, financial resilience support, and community engagement initiatives, we aim to provide both immediate relief and long-term support that empowers individuals and families to move forward with greater stability and hope.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance
Significant activities and achievements against objectives

This year has continued to present significant challenges for many individuals and families across Lisburn and surrounding areas. Rising living costs, financial pressures, and increasing levels of debt have resulted in continued high demand for our services. Despite reductions in donations and ongoing pressure on resources, LCC Community Trust has continued to provide practical support, financial guidance, and community connection to those most in need.

 

Through the dedication of our volunteers, staff, donors, funders, churches, businesses, and partner organisations, we have continued to deliver meaningful impact across our Foodbank, Social Supermarket, Community Money Advice services, and wider community activities.

 

Key Achievements

Lisburn Foodbank

During 2025/2026, Lisburn Foodbank continued to respond to significant levels of need across the local community.

 

Food Distribution Breakdown

LCC COMMUNITY TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -

Referral Reasons

The primary reasons for referral remained:

 

Household Circumstances

 

Donations and Stock

The Trust experienced a 7.6% decrease in donations during the year. Despite this challenge, stock levels slightly increased by 1.2% due to strategic purchasing and continued community support.

Food donations and stock came from a wide range of sources including supermarkets, churches, charities, corporate organisations, educational settings, community groups, and individual donors.

 

Social Supermarket & Community Money Advice

Kickstart Social Supermarket

Our Social Supermarket continued to provide affordable food and practical support for households experiencing financial hardship, helping families stretch limited incomes while maintaining dignity and choice.

During 2025/2026:

 

The Social Supermarket continues to play an important preventative role by helping reduce food insecurity while encouraging longer-term financial resilience and community connection.

LCC COMMUNITY TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -

SSM Outreach

During 2025/2026, the Kickstart Social Supermarket Outreach Programme was delivered across the Lisburn and Castlereagh Council area, extending support into more rural communities through an 8-week structured outreach model.

 

The programme supported 53 households, representing 123 individuals, providing access to affordable food through a membership-based Social Supermarket model. Households were able to purchase food at significantly reduced costs, helping families save approximately £50 per shop while improving access to essential items within their local community.

 

Alongside food provision, participants engaged in a range of tailored wraparound support including one-to-one budgeting, meal planning, group budgeting sessions, benefit health checks, healthy eating support, and referrals to longer-term services such as family support, debt management, mental health services, and social inclusion programmes.

 

The outreach model continues to strengthen partnership working across local communities while ensuring that individuals experiencing financial hardship can access practical support and wider services closer to home.

 

Community Money Advice (CMA)

Community Money Advice services continued to provide vital financial support, advocacy, and guidance for individuals and families facing debt, financial crisis, and income challenges.

During 2025/2026:

Community Money Advice continues to provide essential early intervention and practical support, helping individuals and families improve financial stability, reduce debt pressures, and access wider sources of help and support.

One-to-One Support

A total of 871 appointments were delivered across budgeting, debt, utilities, employment, housing, and general support needs.

This included:

 

Signposting and Referrals

LCC COMMUNITY TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -

Additional Support

Additional crisis support provided included:

 

Programme Outcomes

 

Community Activities

Community activities continued to play an important role in reducing isolation, improving wellbeing, and creating opportunities for connection within the local community.

Across the year we delivered:

This included:

These activities provided safe, welcoming environments that encouraged social connection, confidence building, and community participation.

 

Environmental Impact

Through our partnership with Too Good To Go, we continued to reduce food waste within the local area.

 

Volunteer Impact

Our volunteers remain central to everything we do.

During 2025/2026:

Volunteers supported every area of the organisation including foodbank operations, deliveries, administration, social supermarket provision, fundraising activities, community programmes, and seasonal events.

We remain deeply grateful for their commitment, compassion, and generosity.

LCC COMMUNITY TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
Financial review

The results are set out in detail on pages 14 to 30. The charity returned net incoming resources for the year of £205,723 (2025 - £67,224) leaving unrestricted funds of £610,541 (2025 - £394,999) of which £356,935 (2025 - £206,935) has been designated by the Board at the year end and restricted funds of £738,454 (2025 - £748,672).

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Plans for future periods

Strategic Review

Throughout the year, Trustees continued to focus on strengthening governance, improving operational resilience, and ensuring that services remain responsive to changing community needs.

 

As demand for support continues to grow, the Trust has continued to prioritise its core focus areas of food poverty and financial wellbeing. This approach ensures that limited resources are directed towards the areas of greatest impact while strengthening partnership working and improving pathways for longer-term support.

 

The Trustees also recognise the importance of maintaining strong governance structures and robust policies to support transparency, accountability, and good practice across the organisation.

 

Looking Ahead

The ongoing cost-of-living crisis continues to place pressure on vulnerable households, and demand for support remains high. Rising food costs, financial insecurity, and reduced charitable donations continue to present challenges for the sector.

 

Looking ahead, Trustees remain committed to:

 

The Trust will continue to adapt and innovate to ensure that individuals and families across our community are supported with dignity, compassion, and hope.

LCC COMMUNITY TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -

Thanks and Appreciation

We extend our sincere thanks to our volunteers, staff team, trustees, churches, donors, funders, community partners, schools, businesses, and supporters whose commitment has made this work possible.

 

Your generosity and partnership continue to make a lasting difference in the lives of people across our community.

 

Conclusion

LCC Community Trust continues to serve as a vital source of support for individuals and families facing hardship across Lisburn and surrounding areas. Despite increasing pressures and growing demand, the Trust has continued to provide practical help, financial guidance, and meaningful community connection throughout the year.

 

With the continued support of our partners and community, we remain committed to ensuring that no one has to face crisis alone.

Structure, governance and management

The charity is a company limited by guarantee registered with the Charity Commission for Northern Ireland and a registered charity for taxation purposes.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs M Agnew
Mr B C Agnew MBE
Mr S J Agnew
Mr R Browne
Mr R E Jennings
Ms S S O Smyth
Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Statement of trustees' responsibilities

The trustees, who are also the directors of LCC Community Trust for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

LCC COMMUNITY TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that GMcG Lisburn be reappointed as auditor of the company will be put at a General Meeting.

Small companies exemptions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

Mr R Browne
Trustee
6 July 2026
LCC COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LCC COMMUNITY TRUST
- 8 -

Opinion

We have audited the financial statements of LCC Community Trust (the ‘charity’) for the year ended 31 March 2026 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 March 2026 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

LCC COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LCC COMMUNITY TRUST
- 9 -

Other information

The other information comprises the information included in the trustees annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

-

the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and

-

the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of trustees' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit; or

-

the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.

LCC COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LCC COMMUNITY TRUST
- 10 -
Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

LCC COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LCC COMMUNITY TRUST
- 11 -
Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing potential risks of material misstatement in respect of irregularities, including fraud and non-compliances with laws and regulations, we considered the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the charitable company for fraud and identified the greatest potential for fraud in income recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charitable company’s ability to operate or to avoid a material penalty.

LCC COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LCC COMMUNITY TRUST
- 12 -
Audit response to risks identified

Our procedures to respond to the risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In addition, as with any audit, there remains a higher risk of non-detection of irregularities, as they may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

LCC COMMUNITY TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF LCC COMMUNITY TRUST
- 13 -

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Stephen Houston FCA (Senior Statutory Auditor)
for and on behalf of GMcG Lisburn
Chartered Accountants
Statutory Auditor
Century House
40 Crescent Business Park
Lisburn
BT28 2GN
6 July 2026
LCC COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2026
- 14 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2026
2026
2026
2025
2025
2025
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
453,814
357,510
811,324
351,085
314,685
665,770
Charitable activities
4
7,167
24,295
31,462
-
18,680
18,680
Investments
5
450
-
450
-
-
-
Other income
6
-
-
-
11,000
-
11,000
Total income
461,431
381,805
843,236
362,085
333,365
695,450
Expenditure on:
Charitable activities
7
223,940
441,624
665,564
326,918
298,948
625,866
Other expenditure
13
-
-
-
-
2,360
2,360
Total expenditure
223,940
441,624
665,564
326,918
301,308
628,226
Net gains on investments
14
28,051
-
28,051
-
-
-
Net income/(expenditure)
265,542
(59,819)
205,723
35,167
32,057
67,224
Transfers between funds
16
(50,000)
50,000
-
-
-
-
Net movement in funds
10
215,542
(9,819)
205,723
35,167
32,057
67,224
Reconciliation of funds:
Fund balances at 1 April 2025
394,999
748,673
1,143,672
359,832
716,616
1,076,448
Fund balances at 31 March 2026
610,541
738,854
1,349,395
394,999
748,673
1,143,672

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

LCC COMMUNITY TRUST
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2026
31 March 2026
- 15 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
17
58,727
75,591
Investments
18
926,667
500,000
985,394
575,591
Current assets
Debtors
19
36,118
83,255
Cash at bank and in hand
354,267
496,375
390,385
579,630
Creditors: amounts falling due within one year
20
(26,384)
(11,549)
Net current assets
364,001
568,081
Total assets less current liabilities
1,349,395
1,143,672
The funds of the charity
Restricted income funds
22
738,854
748,673
Unrestricted funds
23
610,541
394,999
1,349,395
1,143,672

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

The financial statements were approved by the trustees on
6 July 2026
06 July 2026
and signed on their behalf by;
Mr B C Agnew MBE
Mr R E Jennings
Trustee
Trustee
Company registration number NI632897 (Northern Ireland)
LCC COMMUNITY TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2026
- 16 -
2026
2025
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
26
263,018
92,324
Investing activities
Purchase of tangible fixed assets
(6,960)
(63,870)
Proceeds from disposal of tangible fixed assets
-
27,000
Purchase of investments
(400,000)
(500,000)
Proceeds from disposal of  investments
1,384
-
Investment income received
450
-
Net cash used in investing activities
(405,126)
(536,870)
Net cash generated from financing activities
-
-
Net decrease in cash and cash equivalents
(142,108)
(444,546)
Cash and cash equivalents at beginning of year
496,375
940,921
Cash and cash equivalents at end of year
354,267
496,375
LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 17 -
1
Accounting policies
Charity information

LCC Community Trust is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 1-3 Graham Gardens, Lisburn, Co Antrim, BT28 1XE.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees 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 trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

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.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured 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 the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

The charity receives grants in respect of the provision of specified services, projects and activities. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies (Continued)
- 18 -
1.5
Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under one of the following headings: Costs of raising funds, Expenditure on charitable activities and Other expenditure.

 

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

 

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, depreciation costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at the office. Office costs, depreciation costs, governance costs and payroll costs are allocated to charitable activities based on usage. The allocation of the support costs is analysed in note 8.

1.6
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:

Fixtures and fittings
20% straight line
Motor vehicles
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.

1.7
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8
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.

1.9
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 recognised 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.

LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies (Continued)
- 19 -
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 method 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 amortised.

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 transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

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

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are 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.

1.11
Retirement benefits

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

LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 20 -
2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees 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 future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty
Fixed assets

The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The directors regularly review these assets lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in assets lives can have a significant impact on depreciation charges for the period. Detail of the useful lives is included in the accounting policies.

Restricted and unrestricted funds

Judgements are made in relation to allocation of income and expenditure to restricted and unrestricted funds. The directors consider it appropriate to allocate these funds based on interpretation of donations received.

Support costs

Judgements are made in relation to the allocation of support costs of the charity to its charitable activities. The directors consider it appropriate to allocate these costs based on the allocation of grant funding to the charitable activities in the year.

Deferred and accrued income

Income is deferred or accrued based on when the directors believe the company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 21 -
3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2026
2026
2026
2025
2025
2025
£
£
£
£
£
£
Donations and gifts
450,012
-
450,012
351,085
4,297
355,382
Grants
3,802
357,510
361,312
-
310,388
310,388
453,814
357,510
811,324
351,085
314,685
665,770
Grants
Department for Communities
-
7,367
7,367
-
55,235
55,235
Lisburn & Castreagh City Council
-
210,763
210,763
-
139,940
139,940
Trussel Trust
3,802
-
3,802
-
61,380
61,380
Trussel Trust - OLM
-
-
-
-
(46,725)
(46,725)
Housing Executive - Sustaining Tenancies
-
7,625
7,625
-
-
-
Housing Executive - Homeless Prevention
-
49,910
49,910
-
-
-
The National Lottery
-
20,000
20,000
-
-
-
Dormant Accounts Fund NI
-
14,145
14,145
-
-
-
The Clear Project
-
-
-
-
(254)
(254)
Church Revitalisatiion
-
13,700
13,700
-
29,250
29,250
Garfield Weston
-
20,000
20,000
-
-
-
The Rank Foundation
-
14,000
14,000
-
16,222
16,222
Church of Latter Day Saints
-
-
-
-
52,340
52,340
Cash for Kids
-
-
-
-
3,000
3,000
3,802
357,510
361,312
-
310,388
310,388
4
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2026
2026
2026
2025
2025
2025
£
£
£
£
£
£
Charitable income
Kickstart Social Supermarket Income
7,167
24,295
31,462
-
18,680
18,680
LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 22 -
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2026
2025
£
£
Interest receivable
450
-
6
Other income
Unrestricted
Unrestricted
funds
funds
2026
2025
£
£
Net gain on disposal of tangible fixed assets
-
11,000
7
Expenditure on charitable activities
Charitable expenditure
Charitable expenditure
2026
2025
£
£
Direct costs
Staff costs
316,625
279,226
Depreciation and impairment
23,824
32,942
Stipends
49,600
50,100
Missions
33,632
22,290
Project costs
71,846
57,403
Fundraising costs
5,630
4,749
501,157
446,710
Share of support and governance costs (see note 9)
Support
151,151
163,651
Governance
13,256
15,505
665,564
625,866
Analysis by fund
Unrestricted funds
223,940
326,918
Restricted funds
441,624
298,948
665,564
625,866
LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 23 -
8
Description of charitable activities

Lisburn Community Trust

LCC Community Trust aims to serve the local community through Projects which help people physically, mentally, emotionally, financially, spiritually and relationally especially in areas of need and short-term crisis.

Lisburn Foodbank

The charity has partnered with the Trussell Trust network to bring a foodbank to the Lisburn community. Lisburn Foodbank offers crisis intervention for those on food poverty.

Kickstart Social Supermarket

This project supports those in long term food poverty to move to a place of stability.

Lisburn City Church

The charity aims to serve anyone who has an interest in or commitment to the Christian faith, through means of public worship, prayer meetings, bible teaching & pastoral care.

Ministry

The charity aims to serve anyone who has an interest in or commitment to the Christian faith, through means of public worship, prayer meetings, bible teaching & pastoral care.

9
Support costs allocated to activities
2026
2025
£
£
Rent, rates & insurance
52,142
55,604
Light, heat & power
23,982
24,388
Repairs & maintenance
9,710
10,332
Motor & travel expenses
27,304
38,714
Adminsitration expenses
34,853
28,324
Other expenses
1,326
6,289
Management fees
1,834
-
Governance costs
13,256
15,505
164,407
179,156
Analysed between:
Charitable expenditure
164,407
179,156
2026
2025
Governance costs comprise:
£
£
Audit fees
4,710
4,620
Legal and professional
8,546
10,885
13,256
15,505
LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 24 -
10
Net movement in funds
2026
2025
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
4,710
4,620
Depreciation of owned tangible fixed assets
23,824
32,942
Loss/(profit) on disposal of tangible fixed assets
-
(8,640)
11
Trustees

During the year remuneration and other benefits were paid to Pastor M Agnew of £24,000 (2025 - £24,000) and Pastor B Agnew of £18,000 (2025 - £18,000) for the facilitation of classes and workshops and for services to the Church.

 

During the year the trustees individually made total donations without condition to the charity totalling £53,469 (2025 - £37,625).

 

During the year donations totalling £10,030 (2025 - £16,200) were made to the charity via businesses associated with trustees.

12
Employees

The average monthly number of employees during the year was:

2026
2025
Number
Number
13
13
Employment costs
2026
2025
£
£
Wages and salaries
286,689
258,833
Social security costs
23,749
15,274
Other pension costs
6,187
5,119
316,625
279,226

The charity considers its key management personnel to be the Chief Executive Officer and Finance Manager. The total employment benefits including employer pension contributions of the key management personnel was £61,241 (2025 - £69,936).

There were no employees whose annual remuneration was more than £60,000.
LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 25 -
13
Other expenditure
Restricted
Restricted
funds
funds
2026
2025
£
£
Net loss on disposal of tangible fixed assets
-
2,360
14
Gains and losses on investments
Unrestricted
Unrestricted
funds
funds
2026
2025
Gains/(losses) arising on:
£
£
Revaluation of investments
26,667
-
Sale of investments
1,384
-
28,051
-
15
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

16
Transfers

Transfers from the unrestricted fund to the restricted fund in the year were as follows:

 

Food Bank

Transfer of £50,000 relates to covering resources expended in excess of funds received.

LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 26 -
17
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 April 2025
48,015
128,405
176,420
Additions
6,960
-
6,960
At 31 March 2026
54,975
128,405
183,380
Depreciation and impairment
At 1 April 2025
40,310
60,519
100,829
Depreciation charged in the year
5,415
18,409
23,824
At 31 March 2026
45,725
78,928
124,653
Carrying amount
At 31 March 2026
9,250
49,477
58,727
At 31 March 2025
7,705
67,886
75,591
18
Fixed asset investments
Securities within investments
Cash in portfolio
Total
£
£
£
Cost or valuation
At 1 April 2025
500,000
-
500,000
Additions
400,000
-
400,000
Valuation changes
26,667
-
26,667
Transfers
(3,046)
3,046
-
At 31 March 2026
923,621
3,046
926,667
Carrying amount
At 31 March 2026
923,621
3,046
926,667
At 31 March 2025
500,000
-
500,000
19
Debtors
2026
2025
Amounts falling due within one year:
£
£
Prepayments and accrued income
36,118
83,255
LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 27 -
20
Creditors: amounts falling due within one year
2026
2025
£
£
Other taxation and social security
6,533
-
Trade creditors
-
(260)
Other creditors
1,361
1,238
Accruals and deferred income
18,491
10,571
26,385
11,549
21
Retirement benefit schemes
2026
2025
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
6,187
5,119

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.

22
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2025
Incoming resources
Resources expended
Transfers
At 31 March 2026
£
£
£
£
£
LCC Community Trust
68,263
48,145
(54,726)
-
61,682
Food Bank
376,011
36,010
(115,429)
50,000
346,592
Kick Start
300,529
293,030
(266,881)
-
326,678
Lisburn City Church
-
4,620
(4,620)
-
-
WRAP mental health & wellbeing
3,870
-
32
-
3,902
748,673
381,805
(441,624)
50,000
738,854
LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
22
Restricted funds (Continued)
- 28 -
Previous year:
At 1 April 2024
Incoming resources
Resources expended
Transfers
At 31 March 2025
£
£
£
£
£
LCC Community Trust
132,834
31,486
(96,057)
-
68,263
Food Bank
413,922
85,488
(123,399)
-
376,011
Kick Start
165,737
211,694
(76,902)
-
300,529
Lisburn City Church
-
4,950
(4,950)
-
-
WRAP mental health & wellbeing
4,123
(253)
-
-
3,870
716,616
333,365
(301,308)
-
748,673

LCC Community Trust

Funding to cover the range of projects and activities carried out within the charity.

 

Foodbank

Funding and donations received to cover costs of running the foodbank.

 

KickStart

Funding and donations received to cover the costs of running the social supermarket

 

Lisburn City Church

Funding and donations received towards running and upkeep of Lisburn City Church

 

WRAP mental health & wellbeing

Funding received to run mental health and well being sessions for those in need in the local community.

LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 29 -
23
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 April 2025
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 March 2026
£
£
£
£
£
£
Building fund
206,935
-
-
150,000
-
356,935
General funds
188,064
461,431
(223,940)
(200,000)
28,051
253,606
394,999
461,431
(223,940)
(50,000)
28,051
610,541
Previous year:
At 1 April 2024
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 March 2025
£
£
£
£
£
£
Building fund
153,413
53,522
-
-
-
206,935
General funds
206,419
308,563
(326,918)
-
-
188,064
359,832
362,085
(326,918)
-
-
394,999

The Board of Trustees has agreed to designate funds at the year end for future building development.

24
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2026
2026
2026
£
£
£
At 31 March 2026:
Tangible assets
58,447
280
58,727
Investments
397,157
529,510
926,667
Current assets/(liabilities)
154,937
209,064
364,001
610,541
738,854
1,349,395
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 31 March 2025:
Tangible assets
75,031
560
75,591
Investments
206,935
293,065
500,000
Current assets/(liabilities)
113,033
455,048
568,081
394,999
748,673
1,143,672
LCC COMMUNITY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 30 -
25
Related party transactions

There were no related party disclosures during the year (2025 - none).

26
Cash generated from operations
2026
2025
£
£
Surplus for the year
205,723
67,224
Adjustments for:
Investment income recognised in statement of financial activities
(450)
-
Gain on disposal of tangible fixed assets
-
(8,640)
Gain on disposal of investments
(1,384)
-
Fair value gains and losses on investments
(26,667)
-
Depreciation and impairment of tangible fixed assets
23,824
32,942
Movements in working capital:
Decrease in debtors
47,137
13,599
Increase/(decrease) in creditors
14,835
(12,801)
Cash generated from operations
263,018
92,324
27
Analysis of changes in net funds

The charity had no material debt during the year.

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