.
## The Ulster Workhouse and Famine Trust Lisnaskea
(A company limited by guarantee)
## Report and Financial Statements
For the period 1 July 2016 to 30 June 2017
Registered in Northern Ireland, company registration number NI 607666. Registered as a charity by The Charity Commission for Northern Ireland Northern Ireland Charity number: NIC100287
Accepted as a charity for tax purposes by the Inland Revenue under reference number XT25941.
Contents Page Legal and Administrative Information 2 Report of the Management Committee 3 Statement of Financial Activities 7 Balance Sheet 8 Notes forming part of the financial statements 9
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## The Ulster Workhouse and Famine Trust Lisnaskea
## Report of the Management Committee for the period ended 30 June 2017
The Management Committee presents its report and financial statements for the period ended 30 June 2017.
## Reference and Administrative Information
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|---|---|---|---|---|---|---|---|
|Lisnaskea|
|under|reference|number|
|Registered|Office|and|operational|address|c/o|Blanaid|McKinney|
|Henry|Street|
|Enniskillen|
|Co.|Fermanagh|
|Northern|Ireland|BT74|7JT|
|ee|
|As|at|30|June|2017|
|sate[MargaretMCassidyCi‘|
|[John|D.|Cunningham|(resigned|21.12.2016)|[||
|PBarryFlanaghan|
|/BlanaidMcKinney|ss|—“*;‘“‘“*S*~d|Stary’|
|[Siobhan|Maguire|(resigned 27.12.2016)|[||=|
|[F.M.E.(Bertha)WilisOD|
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||||||||
|---|---|---|---|---|---|---|
|Independent|Examiner|Mr Timothy|Elliott MA|(Hons)|Business|Studies|
|65|Nutfield|Road,|
|Co.Fermanagh,|
|a|MunvilleBT92|0QU House,|
|Bankers|Ulster|Bank|Limited,|
|186|Main|Street,|
|Lisnaskea,|
|County|Fermanagh,|
|ee|
|[Solicitors|—“—*~“—s~—‘“‘iCMP[ABT92 OJF|
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## The Ulster Workhouse and Famine Trust Lisnaskea
## Our Aims and Objectives
## Purposes and Aims
Our company’s purposes as set out in the objects contained in the company’s Articles of Association are to promote regeneration, heritage and culture in Lisnaskea and the surrounding areas for the benefit of the community.
Our aims include to preserve buildings or sites of historic or architectural importance, in particular Lisnaskea Workhouse, to advance knowledge of the Irish Famines, to generate employment, and to benefit the area through the provision of amenities and attractions for the local community and for tourism.
## Ensuring our work delivers our aims
We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review also helps us ensure our aims, objectives and activities remained focused on our stated purposes.
## The focus of our work
Our main objectives for the period were to make progress in securing a future for Lisnaskea Workhouse; and to generate local support for our work.
The strategies we used to meet our objectives included:
Maintaining local educational and fundraising activities designed to keep our ambitions in the public eye; and
Maintaining communications with relevant authorities and with the owners of the Lisnaskea Workhouse; and
Continuing to explore potential major funding sources in order to develop the possibilities identified in our recent, professional “Options and Economic Appraisal — Viability Study” of Lisnaskea Workhouse.
## How our activities deliver public benefit
Our main activities and anticipated benefits are described in this report and all our charitable activities are undertaken to further our charitable purposes for the public benefit.
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We have complied with our duty under section 4(6 ) of the Charities Act (Northern Ireland) 2008 to have regard to the Charity Commission for Northern Ireland’s guidance on public benefit and the public benefit requirement has informed the activities of the company throughout the reporting period.
We continued to pursue options with various bodies for funding and other routes including the District Council to preserve Lisnaskea workhouse, but without significant success other than keeping the issue ‘live’. This has led to some discussion around the hard fact that, if we are unable to make any significant progress on either acquisition or refurbishment of the Workhouse, we might have to dissolve the company and disperse our remaining funds to another charity or charities.
We maintained some modest fundraising in the first half of the period.
We also continued to support our website to provide historical information about Lisnaskea workhouse as well as information about the Trust.
## Financial Review
The company had funds of £4,092 at the end of the period; this is a reduction of £312 reflecting our expenditure on lobbying and seeking financial and other support during the period. Clearly, substantially larger funding is still required to enable the company to proceed with its current project.
## Principal Funding Sources
Our Old Tyme Market raised £39 and a donation of £50 was also received during the period.
The company sought to secure larger sources of funding, without success.
## Investment Policy
The company has only a small amount of funds and in the near future it is expected that any large funding received will be designed to be spent in the short term, so there are no funds for long term investment. Any large sums received in advance will normally be invested on the money market. The investment policy will be reviewed, should the company’s financial situation change significantly.
## Reserves Policy
The Management Committee has examined the company’s requirements for reserves in light of the main risks to the organisation. The company’s current objective is to purchase or otherwise secure the Lisnaskea Workhouse property for conservation and development.
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The company’s current funds reflect local support for the challenging objective, but are dwarfed by the scale of the ambition. Realistically, the prospective purchase and development will require a large sum of money, well beyond any local resources, and so the company has to look to major outside sources of funding to meet its requirements for capital expenditure and on-going costs.
Under the Reserves Policy, apart from the specific Lisnaskea Workhouse project described above, the unrestricted funds not committed or invested in tangible fixed assets held by the company should be at least 12 months of the expected normal expenditure. Currently the funds are adequate to enable the Management Committee to continue their endeavours in their present form.
## Plans for Future Periods
The lack of significant progress on either acquisition or refurbishment of the Workhouse and the lack of success on major fundraising have curbed activity pending a further appraisal of our prospects.
## Structure, Governance and Management
## Governing Document
The Ulster Workhouse and Famine Trust Lisnaskea is a company limited by guarantee, incorporated on 1 June 2011 and accepted as a charity for tax purposes by the Inland Revenue under reference number XT25941. The company was established by a Memorandum of Association and is governed under its Articles of Association which establish the objects and powers of the company. New Articles of Association for the company were approved and adopted by special resolution of a General Meeting held on 4 July 2012. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
The Charity Commission for Northern Ireland confirmed that the company was registered as a charity on 3 July 2014 under Northern Ireland Charity number: NIC 100287.
## The Management Committee
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles of Association are referred to collectively as the Management Committee. Under the requirements of the Articles of Association the members of the Management Committee must all retire from office at each Annual General Meeting and may stand for re-election immediately.
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The Management Committee may have a maximum of 12 members. At present the Committee has 7 members, from a variety of occupational backgrounds relevant to the work of the company, who meet and are responsible for the strategic direction and policy of the company. Members of the Management Committee who served during the year and up to the date of this report are set out on page 2.
All members of the Management Committee gave their time voluntarily and received no benefits from the company. Any expenses reclaimed from the company are set out in note 6 to the accounts.
## Risk Management
The Management Committee has conducted a review of the major risks to which the company is exposed. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Liability insurance was arranged to cover fundraising events as required and procedures to ensure compliance with health and safety of volunteers and others..
This report has been prepared in accordance with the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and with the 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 2015) [known as the ‘Charities SORP’'].
An external scrutiny of the accounts was carried out by the Independent Examiner identified on page 2 to his satisfaction.
The report has been approved by the Management Committee on 23 February 2018 and signed on its behalf by:
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V/ ~~
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Victoria F. Herbert (Director)
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OL (2. IG/OS/ |
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a eeeeneeeEEEEEEEEe
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|The Ulster Workhouse and|Famine Trust Lisnaskea|Inland Revenue|ref|XT25941|
|Annual|accounts|for the|period|CC17a|
|PaisF|eee|01.07.2016|Perioddateend|30.06.2017|
|Section|A|Statement|of|financial|activities|
|Restricted|Total|last|
|Recommended|Details of own|@|Unrestricted|income|Endowment|Total|this12|year to|
|categories by|activity|analysis|2|funds|funds|funds|months|30.06.2016|
|£|£|£|£|£|
|incoming|resources|(Note|3)|FO1|F02|FO03|F04|F05|
|Incoming|resources from|
|generated funds|
|Activities|for generating|
|funds|S02|39|39|278|
|Incoming|resources|from|
|charitable|activities|$04|
|Total incoming resources|so [amimaa|a|
|Resources|expended|(Notes|4-8)|
|Costs|of|generating|voluntary|
|income|S07|
|Other|resources|
|expended|$12|
|Total resources expended|sis|C0|MP|2|||[ay]|ae|
|Net incoming/(outgoing)|resources before|
|transfers|$14||-|312|-|312||-|552|
|Net|incoming/outgoing)other recognised resources gains/(losses) before|$16 ||-|312|||-|312|ae|-|552|
|Other|recognised|gains/(losses)|
|Gains|and|losses|on|revaluation|of fixed|
|assets|for the|charity’s|own|use|S17|
|Net|movement in funds|s10|I|eae|
|Total funds brought|forward|sol|_44oa[|—- ||=|||4.404]|4,956|
|Total funds carried forward|s21|4,092|oe|4,092|
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Section B Balance sheet
Restricted
@ Unrestricted income Endowment Total this Total last
zZfe} funds funds funds year year
£ £ £ £ £
Fixed assets FO1 F02 FO3 F04 FO5
Tangibleassets (Notes) «Soot (| S| |P|
investments (wote1) eoos [ | -|-| -|-| -/-{ -| -- ||
Total fixedassets «i [TLDS Po oe ee
Current assets
Stock and work in progress os f - | - |oy
Debtors wote1t) oof | -| -f -| - |
(Short term) investments pr [|| rr -
Cash at bank and in hand B08 4486[ -{[ -| 4,486 5,423
Total current assets 809 Ae, 4,486 5,423
Creditors: amounts falling due
within one year (Note 12) B10 394 394 1,019
Net current assets/(liabilities) 811 A0ee | 4,092
Total assets less current liabilities 812 4,092 oo 4,092
Creditors: amounts falling due
after one year (Note 12) B13
Provisions for liabilities and
charges B14
Net assets 815 Ae ae
Funds of the Company
Unrestricted funds B16 4,092 4,092 4,404
a7 || iz
Restricted income funds (Note 13) B18 | os | oS
Endowment funds (Note 13) B19 ll
Total funds 820 i ee
For the period ended 30 June 2017, the company was entitled to exemption under Article 257A of the Companies (Northem
Ireland) Order 1986. No members have required the company to obtain an audit of its accounts for the period in question in
accordance with Article 257B (2). The accounts have been scrutinised by an independent examiner as required by the
Charities Commission of Northern Ireland.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with
respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small
companies regime.
The Ulster Workhouse and Famine Trust Lisnaskea is registered by The Charity Commission for Northern Ireland ref. no.
NIC100287 and is accepted as a charity for tax purposes by the Inland Revenue ref. no. XT25941
Signed by two directors on behalf of the : : Date of
Signature Print Name approval
company a:
) _— ~ ” =
f} ; ‘
8 ;
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## Section C
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Notes to the accounts
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## Note 1 Basis of preparation
1.1 Basis of accounting These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with: * the Charities SORP (FRS 102); * and with* nal Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE); * and with the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.
1.2 Changes to previous accounts or in basis of accounting No changes have been made to accounts for previous years and there has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
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|Note|2|Accounting|policies|
|This standard|list of accounting policies has been|applied by the company.|
|INCOMING|RESOURCES|
|Recognition|of incoming|These|are|included|in|the|Statement|of Financial|Activities|(SoFA) when:|
|resources|e|the company|becomes|entitled|to the|resources;|
|e|the|directors|are|virtually|certain|they|will|receive|the|resources;|and|
|e|the|monetary|value|can|be|measured|with|sufficient|reliability.|
|Incoming|resources with|Where|incoming|resources|have|related|expenditure|(as|with|fundraising|or contract|income)|
|related|expenditure|the|incoming|resources|and|related|expenditure|are|reported|gross|in|the|SoFA.|
|Grants and|donations|Grants|and|donations|are|only|included|in|the SoFA when|the company|has|unconditional|
|entitlement|to|the|resources.|
|Tax|reclaims on|donations|Incoming|resources|from|tax|reclaims|are|included|in|the SoFA|at|the same|time|as|the|gift|
|and|gifts|to|which|they|relate.|
|Contractual|income|and|This|is|only|included|in|the SoFA|once|the|related|goods|or services|have|been|delivered.|
|performance|related|grants|
|ae|Gifts|in|kind|are|accounted|for at|a|reasonable|estimate|of their value|to|the|company|or the|
|Gifts|in|kind|‘|
|amount|actually|realised.|
|Gifts|in|kind|for sale|or|distribution|are|included|in|the|accounts|as|gifts|only|when|sold|or|
|distributed|by|the|company.|
|Gifts|in|kind|for|use|by|the|company|are|included|in|the|SoFA|as|incoming|resources|when|
|receivable.|
|Donated|services and|These|are|only|included|in|incoming|resources|(with|an|equivalent|amount|in|resources|
|facilities|expended)|where the|benefit|to the company|is|reasonably|quantifiable,|measurable|and|
|.|material.serce|or|facilityThe|valuereceived.placed|on|these|resources|is|the|estimated|value|to|the|company|of the|
|Volmieer|The value of any|voluntary|help|received|is|not included|in the accounts|but|is|described|in|
|help|the directors’|annual|report.|
|Investment|income|This|is|included|in|the|accounts|when|receivable.|
|Investment gains and|losses|This|includes|any|gain|or loss|on|the|sale|of investments|and|any|gain|or loss|resulting|from|
|revaluing|investments|to|market|value|at|the|end|of the|year.|
|EXPENDITURE|AND|LIABILITIES|
|Liability|recognition|Liabilities|are|recognised|as|soon|as|there|is|a|legal|or constructive|obligation|committing|
|the|company|to|pay|out|resources.|
|Governance|costs|Include|costs|of the|preparation|and|examination|of statutory|accounts,|the|costs|of|
|directors|meetings|and|cost|of any|legal|advice|to|directors|on|governance|or constitutional|
|matters.|
|Grants with|performance|Where the company|gives|a|grant with|conditions|for|its|payment being|a|specific|level|of|
|conditions|service|or output|to be provided,|such|grants|are|only|recognised|in|the SoFA once|the|
|recipient|of the|grant|has|provided|the|specified|service|or output.|
|Grants payable|without|These|are|only|recognised|in|the|accounts|when|a|commitment|has|been made|and|there|
|performance|conditions|are|no|conditions|to be met|relating|to|the|grant which|remain|in|the|control|of the company.|
|Support Costs|Support|costs|include|central|functions|and|have|been|allocated|to|activity|cost|categories|
|on|a|basis|consistent|with|the|use|of resources,|eg|allocating|property|costs|by|floor|areas,|
|or per capita,|staff costs|by|the|time|spent|and|other costs|by|their|usage.|
|ASSETS|
|Tangible|fixed|assets for|These|are|capitalised|if they|can|be|used|for more than|one|year,|and|cost|at|least £500.|
|use|by company|They|are valued|at|cost|or a|reasonable|value|on|receipt.|
|Investments|Investments|quoted|on|a|recognised|stock exchange|are valued|at|market|value|at the year|
|end.|Other|investment|assets|are|included|at|directors'|best|estimate|of market|value.|
|Stocks and|work|in|progress|These|are valued|at|the|lower of cost|or market|value.|
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Notes to the accounts
(cont)
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Section C
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Note 3 Analysis of incoming resources
||Thisyear
Lastyear|
|---|---|
|Voluntaryincome|Analysis
£
£
[Donations
C“‘“S!OCLCOUOCOCOC;CSO:CC6|
eee
eee eee
es
es
ee
ee
es
a
Totalee|
|Activitiesforgenerating
|Christmas MarketEvent
a||
|funds|Old Tyme Market/Car Boot Sale|
||Miscellaneous activities
; - |
_—47|
ee
es
ee
es
es eee
Total|
|Section C|Notes to the accounts
(cont)|
|Note4|Analysis ofresourcesexpended|
|Fundraisingtrading
costs||Christmas MarketEvent
; - |
__—‘152]
OldTymeMarket/CarBootSale
| -
{|
70|
Otheractivities
i
ee
eee
eee
ei
ee
NR|
|Charitable activities||Websitecosts
a
Consultant'sfees forGrant Application
| -
[_—50]|
||TraveltoConferences
|Cie
en
eS
Total222[_—=8||
|Governance costs||UKAPTSubscriptions
; -
[|
75
Feeformeetingroom
|
Travel to attend Managementmeetings
;ott7f|
||Documents and printing
a)|
||Total|
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Section C
Notes to the accounts
(cont)
## Note 6
## Details of certain items of expenditure
6.1 Directors expenses
Details of the amount of any payment or reimbursement of out-of-pocket expenses made to directors or to third parties for expenses incurred by directors.
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Number of directors who were paid expenses
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Nature of the expenses
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Total amount paid
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a ee
Relreburs sama for Reimbursement for
printing costs and payments made by
travel and subsistence | 4.sors on behalf of
costs incurred to the co n
attend meetings. e company
| ese | £729
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6.2 Fees for examination or audit of the accounts
No amount was paid for any statutory external scrutiny of accounts or other services provided by an independent examiner or auditor.
:
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Section C
Notes to the accounts
(cont)
## Note 11 Debtors and prepayments
Please complete this note if the company has any debtors or prepayments.
|Analysis ofdebtors||Amounts falling due withinone|Amounts falling due withinone|year|Amounts falling|due after|
|---|---|---|---|---|---|---|
|||Thisyear|Last year||This year|Lastyear|
|||£|£||£|£|
|Tradedebtors
[
Amounts due from|[|[
-[|-[||||
|subsidiaryand|||||||
|associated|||||||
|undertakings
Otherdebtors||ee
nee
eee)|||||
|accrued incomeTotal|||||||
|Note 12||Creditors and accruals|||||
|Pleasecompletethisnote ifthecompanyhasanycreditors||||oraccruals.|||
|12.1 Analysis of|||||||
|||Amounts falling due withinone||year|Amounts falling|due after|
||.|Thisyear|Last year||Thisyear|Lastyear|
|||£|£||£|£|
|overdrafts|||||||
|Tradecreditors|[||-|||||
|Amounts due to|||||||
|subsidiaryand|||||||
|associated|||||||
|undertakings
Othercreditors||||1,019ie|||
|deferred incomeTotal||||2.|es|ee|
## 12.2 Security over assets
if any loan, overdraft or other creditor holds a charge or other security over any assets of the company please provide details.
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13
(cont)
## Section C
## Notes to the accounts
## Note 14
## Transactions with related parties
if the company has any transactions with related parties (other than the directors expenses explained in note 6) details of such transactions are provided in this note.
## 14.1 Remuneration and benefits
The amount of, and legal authority for, any remuneration or other benefits paid to a director or other related parties by the company or any institution or company connected with it.
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. Amounts paid or benefit value
Name . Legal authority (eg order, =
of director or connected party governing document) _e car a
14.2 Loans
Details of of and amounts owing to or from owing to or from to or from or from from the company’s company’s directors or other related parties by the other related parties by the related parties by the by the the
charity at the year end. at the year end. the year end. year end. end.
aves oF dirantor ar
connected party Legal authority i naeyear
related parties
and related parties -
14.3 Other transaction(s) with directors or related parties
Details of of any transaction transaction undertaken by (or on behalf of) by (or on behalf of) (or on behalf of) on behalf of) behalf of) of) the company in which company in which in which which a director or related or related related
party has a material interest. has a material interest. a material interest. material interest. interest.
Name of the director; Relationship to Description of the
or related pa compan transaction(s) £ £
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Details of of and amounts owing to or from owing to or from to or from or from from the company’s company’s directors or other related parties by the other related parties by the related parties by the by the the charity at the year end. at the year end. the year end. year end. end.
Details of of any transaction transaction undertaken by (or on behalf of) by (or on behalf of) (or on behalf of) on behalf of) behalf of) of) the company in which company in which in which which a director or related or related related party has a material interest. has a material interest. a material interest. material interest. interest.
.
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