Company Registration Number NI 027863
FEDERATION FOR ULSTER LOCAL STUDIES
Financial Statements for Year Ended 31[st] March 2023
Charity Number NIC 100526
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FEDERATION FOR ULSTER LOCAL STUDIES LTD
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF FEDERATION FOR ULSTER LOCAL STUDIES LTD
YEAR ENDED 31 MARCH 2023
I report on the accounts of the company for the year ended 31 March 2023 which are set out on pages 9 to 11.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:
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Examine the accounts under section 65 of the Charities Act
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Follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act
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State whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
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That accounting records were not kept in accordance with section 386 of the Companies Act 2006
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That the accounts do not accord with those accounting records
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That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice CCNI ARR07 – supporting document 7 August 2016 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
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That there is further information needed for a proper understanding of the accounts to be reached.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
Roisin Shanks (FCA) Independent Examiner 7 Foxleigh Wood Lurgan, Co Armagh, BT67 9GW........................
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FEDERATION FOR ULSTER LOCAL STUDIES LTD
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2023
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| Note | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Incoming resources from | |||||
| generating funds: | |||||
| Voluntary income | 2 | - | - | – | – |
| Activities for generating | |||||
| funds | 2 | 3,816 | 3,816 | 2,986 | |
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||
| TOTAL INCOMING | |||||
| RESOURCES | 3,816 | – | 3,816 | 2,986 | |
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||
| RESOURCES EXPENDED | |||||
| Charitable activities | 3 | (6,527) | – | (6,527) | (5,912) |
| Governance costs | 4 | (250) | – | (250) | (250) |
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||
| TOTAL RESOURCES | |||||
| EXPENDED | (6,777) | - | (6,777) | (6,162) | |
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| NET | |||||
| INCOMING/(OUTGOING) | |||||
| RESOURCES FOR THE | |||||
| YEAR | (2,961) | - | (2,961) | (3,176) | |
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The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 12 to 13 form part of these financial statements.
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FEDERATION FOR ULSTER LOCAL STUDIES LTD
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2023
| 2023 | 2022 | |
|---|---|---|
| INCOME | 3,816 | 2,986 |
| TOTAL EXPENDITURE | (6,777) | (6,162) |
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|
| OPERATING SURPLUS/(DEFICIENCY) | (2,961) | (3,176) |
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|
| RETAINED SURPLUS/(DEFICIT) FOR THE | ||
| FINANCIAL YEAR | (2,961) | (3,176) |
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The Income and Expenditure Account includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
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FEDERATION FOR ULSTER LOCAL STUDIES LTD
BALANCE SHEET
31 MARCH 2023
| March 2023 | March 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 15,643 | 18,603 | |
| CURRENT LIABILITIES | |||
| Accrued costs | - | - | |
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| NET CURRENT ASSETS | 15,643 | 18,603 | |
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| TOTAL ASSETS LESS CURRENT LIABILITIES | 15,643 | 18,603 | |
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| FUNDS | |||
| Restricted income funds | - | - | |
| Unrestricted income funds | 5 | 15,643 | 18,603 |
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| TOTAL FUNDS | 15,643 | 18,603 | |
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The trustees (directors of the company for the purposes of company law) have taken advantage of the exemption conferred by Section 477 of the Companies Act 2006 not to have these financial statements audited and confirm that no notice has been deposited under Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for ensuring that:
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i. the Company keeps accounting records that comply with Section 386 of the Companies Act 2006; and
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ii. the financial statements give a true and fair view of the state of affairs of the Company as at 31 March 2023 and of its surplus/(deficit) for the year then ended in accordance with the requirements of s396, and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.
These financial statements have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companies.
These financial statements were approved by the members of the committee and authorised for issue on
……………..and are signed on their behalf by:
Trustee
Company Registration Number: NI 027863
The notes on pages 12 to 12 form part of these financial statements.
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FEDERATION FOR ULSTER LOCAL STUDIES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1 . ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102, and the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities'
2 . VOLUNTARY INCOME
| VOLUNTARY INCOME | |||
|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | |
| Funds | 2023 | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Grants | - | - | - |
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|
| - | - |
ACTIVITIES FOR GENERATING FUNDS
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | 2023 | 2022 | |
| £ | £ | ||
| Donations | |||
| Membership | 2,637 | 2,637 | 2,814 |
| PL Insurance | 1,084 | 1,084 | 49 |
| Excursions/Events | - | - | - |
| Publications | 95 | 95 | 123 |
| Other Income | - | - | - |
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|
| 3,816 | 3,816 | 2,986 | |
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3 . COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted | Restricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | ||
| PL Insurance | 1,765 | - | 1,765 | 1,646 |
| Travel Costs | 648 | - | 648 | - |
| Office Expenses & Postage | 294 | - | 294 | 171 |
| Meetings/Events/Excursions | 409 | - | 409 | 150 |
| Administrator | 1,375 | - | 1,375 | |
| Bank Charges | 162 | - | 162 | 162 |
| IT costs | 416 | - | 416 | 1,227 |
| Publications | 1,290 | - | 1,290 | 1,864 |
| Refunds | 169 | - | 169 | 628 |
| Other Expenses | 250 | - | 250 | 313 |
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|
| 6,777 | - |
6,777 |
6,162 | |
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FEDERATION FOR ULSTER LOCAL STUDIES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
4 . GOVERNANCE COSTS
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Accountancy fees | 250 | 250 |
| Filing fees | - | 13 |
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|
| 250 | 263 | |
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5. CLASSIFICATION OF FUNDS
All funds are deemed to be unrestricted.
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