The Federation for Ulster Local Studies Ltd Financial Statements forThe Year Ended 31" March 2024 Company Registration Number Nl 027863 Charity Registration Number NIC 100526
FEDERATION FOR ULSTER LOCAL STUDIES LTD INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF FEDERATION FOR ULSTER LOCAL STUDIES LTD YEAR ENDED 31 MARCH 2024 I report on the accounts of the company for the year ended 31 March 2024 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 th¢ purposes of company law) you are responsible for the preparation of th¢ accounts in accordance with the requirements of the Companies Act 2006. Having satisficd myself that the charity is not subject to audit under company law, and is eligiblc for independent examination, It is my responsibility to: Examine the accounts under section 65 of the Charities Act Follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charitics Act State whether particular matters hav¢ come to my attention. BASIS OF II¥DEPENDENT EXAMINER'S REPORT I have emmined your charity accounts a5 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 Ir¢land 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. Jt also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as charity trustees con¢erning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe." l. That accounting records were not kept in accordance with section 3 86 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. 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 charitics preparing their accounts in accordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That there is further infonnation 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 thc matters (l ) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern ]reland, I have found no matters that require drawing to your attention. o i Ji q JhJLFLJ Roisin Shanks (FCA) Independent Examiner 7 Foxleigh Wood Lurgan, Co Armagh, BT67 9GW........................
FEDERATION FOR ULSTER LOCAL STUDIES LTD STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 Unrestricted Funds Restricted Total Funds Fllnds 2024 Total Funds 2023 Note INCOMING RESOURCES Incoming resources from generating funds: Voluntary income Activities for generating nds 5,284 5,284 3,816 TOTAL INCOMING RESOURCES 5284 5,284 3,816 RESOURCES EXPENDED Charitable activities Governance costs (7.431) (276) (7,431) (276) {6,527) (250) TOTAL RESOURCES EXPENDED (7,707) (7,707) (6,777) NET INCOMINGI(OUTGOING) RESOURCES FOR THE YEAR (2,424) {2,424) {2,961) The Statement of Financial Activities includes all gains and losses in the yeaT and therefore a statement of total recognised gains and losses h&s 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.
FEDERATION FOR ULSTER LOCAL STUDIES LTD INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024 2024 2032 INCOME TOTAL EXPENDITURE 5284 (7,707) (2,424) 3,816 (6,777) (2,961) OPERATING SURPLUS/(DEFICIENCY) RETAINED SURPLUSI{DEFICIT) FOR THE FINANCIAL YEAR (2,424) (2,961) 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. 10-
FEDERATION FOR ULSTER LOCAL STUDIES LTD BALANCE SHEET 31 MARCH 2024 March 2024 March 2023 Note CURRENT ASSETS Cash at bank 13220 15,643 CURRENT LIABILITIES Accrued costs NET CURRENT ASSETS 13,220 IS,643 TOTAL ASSETS LESS CURRENT LIABILITIES 13220 15,643 FUNDS Restricted income funds Unrestricted income funds 13,220 15,643 TOTAL FUNDS 13220 15,643 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: i. the Company keeps accounting records that comply with Section 3 86 of the Companies Act 2006. and ii. the financial statements give a true and fair view of the state of affairs of the Company as at 31 March 2024 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 fmancial statements were approved by the members of the committee and authorised for issue on 2ts2.tnd are signed on their behalf by. Trustee Company Registratioii Number.. N1027863 The notes on pages 12 to 12 form part of these financial statements. 11
FEDERATION FOR ULSTER LOCAL STUDIES LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 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 Ststement of Recommended Practice 'Accounting and Reporting by Charities, VOLUNTARY INCOME Unrestricted Total Funds Totsl Funds Funds 2024 2023 Donations Grants ACTIVITIES FOR GENEIL4TING FUNDS Unrestricted Total Funds Total Funds Funds 2024 2023 Donations M¢mb¢rship PL Insurance Excursions/Events Publications Other Income 3,758 1,506 20 3,758 1,506 20 2,637 1,084 95 5,284 5284 3,816 COSTS OF CHARITABLE ACTIVATIES BY FUND TYPE Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 PL Insuranc¢ Travel Costs Office Expenses & Postage MeetingsEVentsxcurSIOnS Administrator Bank Charges IT costs Publications Refunds Seminar Other Expenses 1,770 1,382 61 1,226 1,500 187 427 1,770 1?82 61 1,226 1,500 187 427 1,765 648 294 409 1.375 162 416 1,290 169 879 276 879 276 250 7,707 7,707 6,777 12-
FEDERATION FOR ULSTER LOCAL STUDIES LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 GOVERNANCE COSTS 2024 20?3 Accountancy fees Filing fees 250 26 250 276 263 CLASSIFICATION OF FUNDS All funds are deemed to be unrestricted. 13-