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Limestone Youth Training Project Ltd

Northern Ireland charity NIC101587 · record on the register of charities in Northern Ireland (CCNI) · accounts PDF · all Northern Ireland charities

Latest income
£1.3m
Latest spending
—
Accounts read
FY2025

Website: www.academytrainingschool.com

Financial health, per FY2025 accounts

The accounts state that the charity reported a net deficit of £47,924 for the year ended 31 March 2025, resulting in a decrease in unrestricted funds. Despite this loss, the charity maintains a healthy balance sheet with unrestricted reserves of £3,527,244 and no debt, which the trustees consider sufficient to ensure the going concern assumption remains appropriate.

What the accounts disclose

Payments to trustees: Three trustees received remuneration for employment roles. Total employee benefits for trustees' remuneration was £146,272.
“Three of the charity trustees were paid for their respective employment roles within the charity. Neither Mr Mcliroy nor Mrs Doherty receive any remuneration. The total employee benefits of the trustees’ remuneration in their employment roles is £146,272 (2024 — £142,110).” — page 6
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Loan owed to the charity by Academy Salon Ltd, a company where trustee William McIlroy is a director.
“Included in debtors is a loan owed to Limestone Youth Training Project Ltd from one related company, Academy Salon Ltd. Mr William Mcllroy is a director of Academy Salon Ltd. Academy Salon Ltd repaid £50,000 March 2025 and will repay the loan in instalments. Academy Salon Ltd £362,080” — page 24
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Reserves policy: sufficient to offset any short to medium term reduction in trainee numbers (held: £3.5m)
“The present level of free reserves of the charity is £3,527,244 and the Trustees view this as sufficient to offset any short ta medium term reduction in trainee numbers and to ensure that the going concern assumption is appropriate.” — page 5
Per FY2025 accounts as filed with CCNI.
Largest income source: Department of Economy (97% of income)
“Income from Department of Economy funding for trainees increased by £10,031 in the charity, overall Income increased by £9,489 in the charity.” — page 5
Per FY2025 accounts as filed with CCNI.
Independent examiner: Malone Accounting Ltd
Per FY2025 accounts as filed with CCNI.
Register data and accounts from the Charity Commission for Northern Ireland, used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.