2018-06-30-accounts - Ulster Workhouse and Famine Trust Lisnaskea

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The Ulster Workhouse and Famine Trust Lisnaskea

(A company limited by guarantee)

Report and Financial Statements For the period 1 July 2017 to 30 June 2018

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

The Ulster Workhouse and Famine Trust Lisnaskea

Report of the Management Committee for the period ended 30 June 2018

The Management Committee presents its report and financial statements for the period ended 30 June 2018.

Reference and Administrative Information

Reference and Administrative Information
Company name	The Ulster Workhouse and Famine Trust Lisnaskea
Companyregistration number	NI 607666.
Northern Ireland Charitynumber:	NIC100287
Recognised by the Inland Revenue as a charity under reference number	XT25941
Registered Office and operational address	c/o Blanaid McKinney The Redoubt Flat 2b Henry Street Enniskillen Co. Fermanagh Northern Ireland BT74 7JT

Management Committee As at 30 June 2018
Margaret M Cassidy
Barry Flanaghan
Robert Graham	Treasurer
Victoria F. Herbert	Acting Chair
Blanaid McKinney	Secretary
R. H. Stewart Moore	Vice Treasurer
F.M. E. (Bertha) Willis

Independent Examiner	Mr Timothy Elliott MA (Hons) Business Studies 65 Nutfield Road, Munville House, Lisnaskea, Co.Fermanagh, BT92 0QU
Bankers	Ulster Bank Limited, 186 Main Street, Lisnaskea, County Fermanagh, Northern Ireland BT92 0JF
Solicitors	na

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.

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 made a further effort towards our main objective of securing a future for Lisnaskea Workhouse by presenting a proposal to the governing committee of a substantial local charity with interest in historic properties and similar objectives to our own. However, after careful consideration of our proposal the committee decided not to become involved due to a number of issues including size and complexity. Nevertheless, the committee did see the workhouse as something that should be preserved and expressed the hope that there is a future for the buildings.

Our apparent inability to make any further significant progress on either acquisition or refurbishment of the Workhouse, has caused consideration of dissolving the company and dispersing our remaining funds to another charity or charities to resurface.

There was no additional fundraising during the period, although the writing off of some old outstanding uncashed cheques did result in a modest increase in funds.

Financial Review

The company had funds of £4,486 at the end of the period; this is an increase of £394 due to writing off outstanding uncashed cheques and the complete absence of expenditure. Clearly, substantially larger funding would be necessary to enable the company to proceed with its current project.

Principal Funding Sources

The company sought to secure larger sources of funding, without success. There was no additional fundraising during the period.

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.

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. ln 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: NIC100287.

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.

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 is 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 6 February 2019 and signed on its behalf by:

Victoria F. Herbert (Director)

The Ulster Workhouse and Famine Trust Lisnaskea	The Ulster Workhouse and Famine Trust Lisnaskea	The Ulster Workhouse and Famine Trust Lisnaskea	The Ulster Workhouse and Famine Trust Lisnaskea	The Ulster Workhouse and Famine Trust Lisnaskea	Accepted as a charity by the Inland Revenue ref XT25941	Accepted as a charity by the Inland Revenue ref XT25941	CC17a
	Annual accounts for the period
	Period start date	01.07.2017		To	Period end date	30.06.2018
Section A	Statement of financial activities
Recommended categories by activity	Details of own analysis	Note	Unrestricted funds	Restricted income funds	Endowment funds	Total this 12 months	Total last year to 30.06.2016
			£	£	£	£	£
Incoming resources (Note 3)			F01	F02	F03	F04	F05
Incoming resources from generated funds			-	-	-	-	-
Voluntary income	yes	S01		-	-	-	50
Activities for generating funds	yes	S02		-	-	-	39
Investment income		S03	-	-	-	-	-
Incoming resources from charitable activities		S04	-	-	-	-	-
Other incoming resources	yes	S05	394	-	-	394	-
*Total incoming resources*		S06	394	-	-	394	89
Resources expended (Notes 4-8)
Costs of Generating Funds			-	-	-	-	-
Costs of generating voluntary income		S07	-	-	-	-	-
Fundraising trading costs		S08	-	-	-	-	-
Investment management costs		S09	-	-	-	-	-
Charitable activities	yes	S10			-	-	271
Governance costs	yes	S11		-	-	-	129
Other resources expended		S12	-	-	-	-	-
*Total resources expended*		S13	-	-	-	-	401
*Net incoming/(outgoing) resources before* *transfers*		S14	394	-	-	394	312 -
Gross transfers between funds		S15	-	-	-	-	-
*Net incoming/(outgoing) resources before* *other recognisedgains/(losses)*		S16	394	-	-	394	312 -
Other recognised gains/(losses)
Gains and losses on revaluation of fixed assets for the charity’s own use		S17	-	-	-	-	-
Gains and losses on investment assets		S18	-	-	-	-	-
*Net movement in funds*		S19	394	-	-	394	312 -
Total funds brought forward		S20	4,092	-	-	4,092	4,404
*Total funds carried forward*		S21	4,486	-	-	4,486	4,092

Section B Balance sheet

	Note	Unrestricted funds	Restricted income funds	Endowment funds	Total this year	Total last year
		£	£	£	£	£
Fixed assets		F01	F02	F03	F04	F05
Tangible assets(Note 9)	B01	-	-	-	-	-
	B02	-	-	-	-	-
Investments(Note 10)	B03	-	-	-	-	-
*Total fixed assets*	B04	-	-	-	-	-
Current assets
Stock and work inprogress	B05	-	-	-	-	-
Debtors(Note 11)	B06		-	-	-	-
(Short term) investments	B07	-	-	-	-	-
Cash at bank and on hand	B08	4,486	-	-	4,486	4,486
*Total current assets*	B09	4,486	-	-	4,486	4,486

Creditors: amounts falling due within one year(Note 12)	B10		-	-	-	394

*Net current assets/(liabilities)*	B11	4,486	-	-	4,486	4,092

*Total assets less current liabilities*	B12	4,486	-	-	4,486	4,092

Creditors: amounts falling due after one year(Note 12)	B13	-	-	-	-	-
Provisions for liabilities and charges	B14	-	-	-	-	-

*Net assets*	B15	4,486	-	-	4,486	4,092
Funds of the Company
Unrestricted funds	B16	4,486			4,486	4,092
	B17	-			-	-
Restricted income funds (Note 13)	B18		-		-	-
Endowment funds (Note 13)	B19			-	-	-

*Total funds*	B20	4,486	-	-	4,486	4,092

For the period ended 30 June 2018, the company was entitled to exemption under Article 257A of the Companies (Northern 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 and in accordance with FRS102 SORP..
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 company	Signature			Print Name		Date of approval
				Victoria Herbert		06-Feb-19
				Robert Graham		06-Feb-19

	Note	Unrestricted funds	Restricted income funds	Endowment funds	Total this year	Total last year
		£	£	£	£	£
Fixed assets		F01	F02	F03	F04	F05
Tangible assets(Note 9)	B01	-	-	-	-	-
	B02	-	-	-	-	-
Investments(Note 10)	B03	-	-	-	-	-
*Total fixed assets*	B04	-	-	-	-	-
Current assets
Stock and work inprogress	B05	-	-	-	-	-
Debtors(Note 11)	B06		-	-	-	-
(Short term) investments	B07	-	-	-	-	-
Cash at bank and on hand	B08	4,486	-	-	4,486	4,486
*Total current assets*	B09	4,486	-	-	4,486	4,486

Creditors: amounts falling due within one year(Note 12)	B10		-	-	-	394

*Net current assets/(liabilities)*	B11	4,486	-	-	4,486	4,092

*Total assets less current liabilities*	B12	4,486	-	-	4,486	4,092

Creditors: amounts falling due after one year(Note 12)	B13	-	-	-	-	-
Provisions for liabilities and charges	B14	-	-	-	-	-

*Net assets*	B15	4,486	-	-	4,486	4,092
Funds of the Company
Unrestricted funds	B16	4,486			4,486	4,092
	B17	-			-	-
Restricted income funds (Note 13)	B18		-		-	-
Endowment funds (Note 13)	B19			-	-	-

*Total funds*	B20	4,486	-	-	4,486	4,092

For the period ended 30 June 2018, the company was entitled to exemption under Article 257A of the Companies (Northern 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 and in accordance with FRS102 SORP..
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 company	Signature			Print Name		Date of approval
				Victoria Herbert		06-Feb-19
				Robert Graham		06-Feb-19

Section C Notes to the accounts

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* 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.

No material prior year errors have been identified in the reporting period (3.47 FRS102 SORP).

Note 2 Accounting policies	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	• the company becomes entitled to the resources;
	• the directors are virtually certain they will receive the resources; and
	• the monetary value can be measured with sufficient reliability.
Offsetting	There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Where incoming resources have related expenditure (as with fundraising or contract income) 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 and gifts	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.
Contractual income and performance related grants	This is only included in the SoFA once the related goods or services have been delivered.
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the company or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed bythe company.
	Gifts in kind for use by the company are included in the SoFA as incoming resources when receivable.
Donated services and facilities	These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the company is reasonably quantifiable, measurable and material_._The value placed on these resources is the estimated value to the company of the service or facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in 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 conditions Grants payable without performance conditions	Where the company gives a grant with conditions for its payment being a specific level of 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. These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relatingto thegrant 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 use by company	These are capitalised if they can be used for more than one year, and cost at least £500. 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.

Section C Notes to the accounts (cont)

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Note 3 Analysis of incoming resources
This year Last year
Analysis £ £
Voluntary income Donations - 50
- -
- -
- -
- -
Total - 50
Activities for generating funds - -
Old Tyme Market/Car Boot Sale - 39
- -
- -
- -
Total - 39
Other incoming resources Old outstanding cheques to creditors written off 394 -
-
- -
- -
- -
Total 394 -
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Section C Notes to the accounts (cont) Note 4 Analysisote 4 Analysis 4 Analysisalysislysisysisiss of resourcesf resourcesesourcesrcesces expendedxpendedpendedndedded

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Note 4 Analysisote 4 Analysis 4 Analysisalysislysisysisiss of resourcesf resourcesesourcesrcesces expendedxpendedpendedndedded
This year Last year
£ £
- -
Fundraising trading
costs - -
- -
- -
- -
Total - -
Charitable activities Website costs - 60
- -
Travel and subsistence for meetings with District Council - 120
Travel to Conferences - 42
- -
Total - 222
Governance costs - -
Fee for meeting room - 13
Travel to attend Management meetings - 117
Documents and printing - 50
Total - 179
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Section C Notes to the accounts (cont

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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.
This year Last year
Number of directors who were paid expenses 1
0
Reimbursement for
printing costs and travel
Nature of the expenses and subsistence costs
incurred to attend
meetings.
Total amount paid £328
0
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)

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Note 11 Debtors and prepaymentsprepaymentsrepaymentspaymentsaymentsymentsments
Please complete this note if the company has any debtors or prepayments.
Amounts falling due after more
Analysis of debtorsysis of debtorssis of debtors Amounts falling due within one yearg due within one year due within one yearyearear
than one year
This year Last year This year Last year
£ £ £ £
Tradeade debtorsrss - - - -
Amounts due from
subsidiary and
associated
undertakingsndertakingsdertakingsrtakingstakingskingsgs - - - -
Other debtorsher debtorser debtorsr debtorsdebtorsrss - - - -
Prepayments and
accrued incomerued incomeued income incomecomemee - - - -
Total - - - -
Note 12 Creditors and accruals
Please complete this note if the company has any creditors or accruals.
12.1 Analysis of
creditorsreditorseditorsitorstorsrss
Amounts falling due after more
Amounts falling due within one year
than one yearyearear
Thiss yearr Lastast yearr Thiss yearr Lastast yearr
£ £ £ £
Loansoansnss andndd overdraftsverdraftserdraftsrdraftsdraftsraftsaftsftsts - - - -
Tradeade creditorsreditorseditorsitorstorsrss - - - -
Amounts due to
subsidiary and
associated
undertakingsndertakingsdertakingsrtakingstakingskingsgs - - - -
Other creditorsher creditorser creditorsr creditorscreditorsreditorseditorsitorstorsrss - 394 - - 4 - -
Accruals and deferred
incomecomemee - - - -
Total - 394 - -
12.2 SecuritySecurityrityty over assetsver assetser assetsr assetsassets
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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Section C Notes to the accounts (cont)

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
Legal authority (eg order,
Name of director or connected party This year Last year
governing document)
£ £
None
14.2 Loans
Details of and amounts owing to or from the company’s directors or other related parties by the
charity at the year end.
Amount owing
Name of director or
Legal authority This year Last year
connected party
£ £
Due to directors and None
related parties
Due from directors None
and related parties
14.3 Other transaction(s) with directors or related parties
Details of any transaction undertaken by (or on behalf of) the company in which a director or related
party has a material interest.
Name of the director Relationship to Description of the This year Last year
or related party company transaction(s) £ £
None 0 0
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