COMPANY REGISTRATION NUMBER: N1059605 CHARIry REGISTRATION NUMBER: 101000 Cleenlsh Renewal Co Ltd Company Limited by Guarantee Financial Statements 30 June 2019 Scanned by Camscanner Cleenish Renewal Co Ltd Company Llmited by Guarantee Financial Statements Year ended 30 June 2019 Paga Trustee's annual report (in(x)rporating the directorfs report) Independent examiners report to the members Statement of financial activities (induding income and expenditure acLY)unt) Statement of financial position Notes to the financial statements Scanned by Camscanner Cleenlsh Renewal Co Ltd Company Limited by Guaranloo Trusteè's Annual Report (Incorporatlng the Dlrectorfs Report) Year ended 30 June 2019 The Iruslee, who is also the director for Ihe purposes ol company law. ryesenls his report and the financial 5tsteThnts ofthe charity lor Ihe year ended 30 Jung 2019. Reference and admlnlstratlve delalls Reglslertd Gharity name Ueenish ReMYdl Co Ltd Charity reglstratlon number 101L￿o Company reglstratlon numb•r NIO59605 Prindpal offic• and r•glstered Th8 Cleenish Centre, ￿￿￿*￿If1n. Bell￿alec￿ Co Fermanagh. BT92 2BT Thè trustse Trevor lfjngslon George JohnstL Martyn Neil structu￿ governance and managwmnt The organisation is managed by the Trustees personalty dwect day to day operdt*)ns carried out by part-time slaff, volunteers the Trust￿ themse￿. Objectlves and actlvftles The principal objectives are to fvrtherthe Christian Faith through the provision of accommodation and conference facilitses for Spiritual Reflection, Cfvistian Fellowship & Christian Outreach. Straleglc rnport The folloNving secti￿$ for achiweff*nts and wfomiance and financial review form the strdtagic rewt ofthe tharity. Achlevements and perfornian The charity continues to provide accommiKlation and serrfices to its target groups. Flnanclal r•vl•w Income from Charitable Activittes conifnues to grow steadily. The income is not yet at a level to keep the Charity sustainable and in the meantime the charity is sUPPOrted by Itrs Trustees. Scanned by Camscanner Cleenish Renewal Co Ltd Company Llmlted by Guarante• Trustee's Annual Report (Incorporatlng the Dlrectorfs Report) Year ended 30 June 2019 Tru¥le•'s mponjlbllllltt stal•m•nt trustee's rerrfxt 8nd the fylanual slalements in accor(18nce with appl￿ble law and Uniled Kiryd Accounting StarNJ8rds (United lfjngdom Gener8*y Awjled h£crAJnttry Pr8clicel. Company L4w requwes the th8rity trustee lo rffepare fin8t7cial statements for èath year ￿lch gNti a Inje and fair view of the slate of affairs ol the tharrtable the irKxming rescrtrn aTh I￿￿ of res￿jr￿ in¢knling the Income arKI ex￿dilure. Ihal pwhyj. In these financial stalem8nts. is requred to.. obseNe the metr￿S aThJ wlnc*s I)wit￿S SORP. stsle whelhw 8ppkable UK ALKgJunting SIwKlards have been foknved, sut¥ect to rrHterlal departures thsch)sed and exrlaned n the fv)8nco1 stalemenls: th81 the clwty wll c4)ntinue in twr*ss. exFdain the charitys transactions and di5c*Ge with rea>xot48 &curacy at any time the financial rx)sifion of the tharity arKI enable hin to ensu￿ that the fir￿￿91 stalwnents ryjmply WFth the Companies Acl 2(￿. He is also res[K￿SIble for safe￿ard￿￿ thè a￿ts of the chality and hence for The trvslee's arnual rewt &KI the strategr rwx*t 14. Novemb￿ 2019 arKJ 5V on behatt ofthè board Scanned by Camscanner Cleenish Renewal Co Ltd Company Llmlted by Guarantee Independent Examlnerfs Report to the Members of Cleenlsh Renewal Co Ltd Year ended 30 June 2019 I the ofth8 the ￿arended 30 June 2019. whKh arn set on PAg89 5 trj 14. R•sp•cdv• MpMslbllltl•s of charfty tru8te•s and •xamln•r As the charity trustees laThJ also the dirEd￿S ol thè (J)npany for ts puvposes of c4)mpany18w) you arE resFonsible for the weparakn of in with th? reqwÈrT￿ts of tt Cc￿panieS Act 2￿￿. Hawng satlsfied myseN Ihal the d*rity 15 not suw ks audit urlder Lyjnpary raw. aThJ is eliglblè indepen(lent examination, it i8 my TrsrA)nsibilrty lo.. examine the accounts urvkr secli)n 65 of Ihe Charilie5 Act folkw the wrKeihKes laNJ (k)vm in the general Directi¢xts gpm by thg Charity Cerfnmi5sion fr Norlhem IrelaNJ under Sect￿ 65(9)tbl ofts Cl*iilie5 Ad state whellw p8rth*r matters have ccrn lo my att￿￿n. Basis of independent examinerfs rewrt I have examnied your d￿rity a(YoJnts as ur#Jtt 65 Chwthes Ad and my examinatton was &*ried LYJI in aCCcxd￿￿ wilh Ihe gerwdl DweLtLMs gi￿ ty Chanty Commission for Northem Ireland undw Sect￿ 6519Mb) clthe Charities The exaMinat￿n induded a revtvw of the ac¢xMJnting records kept by the d￿rty arKI a cvMpaFi￿ of the accounts wesenled wilh those records. It also inckKJed cortsKknat*)n ol any Lmuwal iten% or diSCkn￿ in ts acoiunts. ar￿ seeking explanath)ns from you 8$ InL8tees any s￿h rnatte￿. believe: Companies Acl a￿1 with Ihe rne￿dS and prwicijles of thg Chwibes Stslell￿t of Recommended Pr8CtK% CCNI ARR07 - gJPF4Nting documeth 7 I￿gUSt 2016 applubk lo charrties prepariThJ Iheir the FThr￿1 Standard appIl￿ble in the UK and Repubfic of Irdand reached. Independent examinerfs statement I have completed my examw￿l¢￿ and hav6 ￿ (x￿¢eMS in re¥ecl of the matters 11) to141 listed above and. in cor1n￿tiOn wilh folkyling the Dyeclhjns of the Clkty CINnmissIc￿ Ncth Ire18nd. I have fwnd no matters that requTe drawM)g to yrAJr altenti(￿. Date: 1V 2019 Scanned by Camscanner Cleenish Renewal Co Ltd Company Umlted by Guarantee Statement of Flnanclal Actlvltles (Includlng Income and expendlture account) Year ended 30 June 2019 2019 Unrestricted ￿￿1$ Tolal funds Total funds 2018 In¢ome and ¢ndowments Charitable ac11￿ties 34.147 34,147 21.325 Total Incom8 34,147 34,147 21.32S Expendlturn Eypendilure on ch8ritable adivilles Total exp•nditur• 34.062 27,124 34.062 27,124 Net •xwndlturn and net movemenl In funds 85 85 (5,799) Re¢onclllatlon of funds Tclal funds brought forward Total funds carrl•d forward 102.764 102.764 108,562 102,849 102.849 102.764 The ststernent of financial actsvibes indudes all gains and losse5 reCOgn￿ed In the ￿ar. All Incomè and expondityre derive fmm tt*ntinuirwJ actriitses. Th• not•8 on pag•s 10 to 16 fomi part dth•s• flnan¢i•l •tat•mvn Scanned by Camscanner Cleenish Renewal Co Ltd Company Umlted by Guaranteo Statement of Flnanclal Posltjon 30 June 2019 2019 2018 Not• Flxed a$￿ts Tangible fixed assels 11 355.888 360,668 Curr•nl assetg Dgblors Cash at bank and in h￿d 12 2,116 1.824 128 2.762 1,952 Credftor5: amounts falling due wlthln one year Net currert Ilabllltles 13 14.678 15,260 11.916 13.308 Total assetsloss GU￿nI liabilities 343.972 347.359 Credltors: amounts falllng after mor• than on• year Nèt assets 14 241.123 244,596 102.849 102,764 Funds of tho charlty Unrestricted funds- Revaluation reserve 372,525 372.525 Olher unrestric*ed inryjme funds (269.676) {269,761) 102,849 102,764 Totsl unrgstricted fund¥ Total charlty funds 15 102,849 102.764 These fin cial statements were approved by the IN)ard of tnjstees arrtl aU￿￿15ed for issue ., and are signed on ￿half of the ￿Jard by. Trevor TrQngsto on Th• notss •n pag•s 10 10 16form W ofth•M fflnan¢lal sl•l•m•nt& Scanned by Camscanner Cleenish Renewal Co Ltd Company Llmlted by Guarantee Notes to the Financlal Statements Year ended 30 June 2019 G•nernl Inforniatlon The charity is a public benefft entity aThJ a privale company limited by guaranl8e, regislered in Northem Ireland and a registered charity in Norlhem Ireland. The addross of the registered offic8 is The Cleentsh Centre, ￿l￿￿111n, Ennisknllen, County Fwmanagh, 8T92 2BT. Statement of compliance These finandal statements have been prepared in cbmplianct with FRS 102. The FinancAal Repcrfttng Stsndard Èppli(zble in Ihe UK and the Republ¢c ol Ireland,, the Statement of Recommended Prac*ce appficable lo charities preparing their 8etounts in accordance wlh the Finan￿al Reporting Stsndard applicable in Ihe UK and Republic of Ireland (FRS 1021 {Charilies SORP IFRS 1021) aThJ the Charities Ad (Northem Ireland) 2008. Accountlng poIici•s Basls of preparatlon The ffinanaal slatements have been wepargd on thè histor￿1 eost basis. 83 modtfied by the revaluation of certain finanoJ assets and Ikibilities and wNestm8nt propetti85 mea5ureJ at fair value through income or 8xpetml￿jre. The finan(yal statements are Prepared In slerfing. whith 1$ the funclional ojrrency of the entity. Gairw concern The￿ are no material uncertainlies ab>rt Ihe thaws a￿lty to continue. The trustees are o)ntinuing to fijnd ary ongoiTh3 shortrall while the (*arity a￿tinUeS to rfK)ve towards b￿ng self- funding via its tharilable operatic￿$ and donations. Fund accounllng Unrestrirtsd fimds are afdllable for use at the dtsc¥eknn of the Iru5tegs to further any of the charitys purposes. 0esi9naled fuThls are urTrstrided funts earnarked by th8 InJsi8e for pa￿ujIar futur8 pro1￿t or Restricted furx15 are subjeded to rEStricthJns on their expenditure dedared by the donor or through the terms of an appeal. lall into one of fvKJ sUtr￿daSses. Teslrictgd income fvnds or erKlowment furbjs. Scanned by Camscanner Cleenish Renewal Co Ltd Company Llmited by Guarantee Notes to the Financlal SLthments ftorfl Year ended 30 June 2019 Accounllng pollel8s Incomlng r•¥oure AU intsjming reswrces are indLbJ8d in th8 stateThnl of finanfial a(Aiwlles when enliuemenl has passed lo the tharity: il 15 probable that th8 eo)nomic benefrts associated wlh the transaction vrill flow lo the tharity ond the amount (zn be reliaty measur&J. Th follcpmng sF)eafic pc4￿10$ are appli8d to partioJlar categories of In￿rne: ino)me from donatKsns or grants is rwnis8d when there is evidenc* of entitlement to the gtft. receipt is FxobaNe its affl￿nt (gn bè measured reliabty. legacy IrKxine L% recognlsed Thth¢n receyt ts prrthble ar#J entiuement eslablshed. income from donated gcK*Js mea5Lred al the fair value of the gwfs unless this is IM￿dctif￿l to ￿aSUre retiably. in ￿leh i*se the value is derived from the ￿$1 to the (lonor or the estimated resale value. tkmaled facalrties and se￿￿ are recDJnised in the acc£Junts %then receTvpd rf the value can be Teliabty measured. No a￿Unts are induded the ￿ntributif￿ ofgeneral vrAunteeTS. inp)me from Ca)ntracts for the suppty of services is Teojgnised V￿1h the delfvery of the cg)nlraded Se￿￿. This ￿ dassffied a5 unrestridad funds un￿$ there is a o)ntractrJal rwuirement for it to be spgnt on a Part{￿lar pU￿￿$ff and relumed rf unsp8n( in w*ich case it may be regarded as testricled. Resources eXpr￿•d E￿nthture Is ￿lSe￿ on an 8c£nMls basis as a [￿bilIty is inLXtrr&J. ￿endi￿re includes ary VAT which canrFot bè fulty fec#)ve￿d, and i¥ dassrfied under heading5 of the statement of nanL?al actMb8s to which tt ftlaies: expenditure on raising funiis indudes the LX)5ts of all fuTrJrnising acbvibes. events. non- c*aritabte trading athibes. and the sale of donaled gocth. expendrfure on tharitabk aL*￿￿eS indudes all (x)sts in￿rTed by a charity in undertthng acbvitses that further its charitaile aims for bènefit of its b8nefioaries, induding thosg supp)rt costs and cn5ts rekting to tho governa￿ of the c*arity apwboned to tharitabl act￿￿8$. Othgr expenrfiture Indudes all expenditure that is n￿ther ￿lated to raising funds for the chanty nor part of its expenditure on charitable aclivili8S. All costs are 8llocated to expenditure c£legories reflecting the use of the resoun%. Dlrect Costs 8tln.buta1￿e to a single acfjwty are allocated directty to that adiwty. Shared costs ara appottionéd btheen th8 they contritjutg 1) rjn a reasonablei jUStifiabl¢ and c(￿S1st8nI basis. T#nglbl• 4ss¢ts Tangible 888ets ar8 inibalty recorded at C1151. arKI subsequenly ststed at cost le55 any accumulat￿ depr￿i8￿.0n aTrY Impalm￿l lossos. kny tangible assets caThied al revalu8d amounts are recnrded al the fair value at the dale of revaluation less any gjbsequonl a(xwmulaled depreriation and subsequent at￿MUlated tmpatm8nt bsses. Scanned by Camscanner Cleenish Renewal Co Ltd Company Llmlted by Guaranteo Notes to the Financlal Statements Year ended 30 Jun8 2019 Accountlng pollcl•8 (unt, Ihe asset is impaired a(￿dngty. Prx>r impalm￿nts are also reviewad for possible reversal at ead) rewting date. For thg purposes of impairynent testing. it is not possibl6 io estimate rO￿verab amunt of an individual asset. an eth.mate 1$ made of the recoverable a￿Unt of the czs generating unit to which the asset bebjngs. Th8 Ixh4Jenerating unit is the smallest identifiable gmup of assets that inctudes the asset and generates cash inflows t￿t laTgety independent of the cash in11cA•￿ frc¥n other assets or groups of assets. For rnpairment testtng of goodwill. the 9￿dw￿l aL4uired li a busness combination is. from the acquisition date. alicKat8d to each of the cash-generabng units that aro 8XPaCted to benefit from the $￿ergIeS of the combination, irrespedive of whether other assets or babiltli8s of the charity are assgned to Ihose units. Financial inthments A finanrAal asset or a finanryal liab.￿ty Is recognised only when Ihe d)anty tecomgs a party to the Basic finanoal Instrwnents are Inrflalty rau)gnised at lh8 arr￿n1 receNable or payable induding any retated transadion cosis. Current assets and ￿rrent Ikqbiliti8s are subsequently measured at tho cash or otsr nslderatDn expected to be pakj or re￿￿1 ar¥J not dI￿Unted. Debt instNments arg subsequently measu￿1 at amortised r Scanned by Camscanner Cleenish Renewal Co Ltd Company Umlted by Guarantee Notes to the Flnanclal Stst8m8nts (cwl Y•ar onded 30 June 2019 Accountlng polld•s Flnanclal Instruments Wherè investmenls in shares are publdy traded or their fair valuè can athemse be measured reliably. the Investment is subsequenuy measured al fair value IMth changes in fair value recognised in ineome and Oxperwjilu￿. Al other suth Investrr*ntS are subsequenty measured at C*)St less impaimienL Other finanual instruments. indurfing derivatives. are initialty recognised at fair value, unless payment for an asset is deferred be￿nd ￿sInesS terrrs or financed at a rate of interest that is not a market rate. in whith t2se the asset is mea￿red at thè present value of the future paym8nts discounted al a mathet rale of interest for a similar debt ￿SbiJm8nl Other finanoal instruments are subsequenty Measu￿ at fair value, with any change5 recognised In the statement of finanual athibes, vkn thg exception of F*dging instruments in a designated hedging rolation5hip. Finanrial assets Ihat are rneasured al ￿51 or anxjrtised cost are reviewed for obj'ective evidence of impaimenl at the end of eath r¢pKJrling dale. K there is obiedive e￿deTrce of impairment. an Impai￿nt loss Is retrjgnised under the Arvropriate heading in the statement of finaniial a¢bvibe5 in which the inrfial gain was rtto3nised. For all equty instrum8nts regarthess of sijnikan￿, other finanraal assets that are individually signfficanl, these are assoss¢d indN#dualty for impaim*nl. Olher financaal assets are either assessed indNidually or grouFed on the ba￿5 of similar u8dit risk characteristscs. Any reversals of impaiment are recognised immediately. lo the exlent that the revers￿ does not resutt in a (5￿1ng amount of the finanaal asset that exceeds what the carrwng amount would have been had the impaiment Th)t Previtm￿ty tw) iets)gni5ed. Umlted by guarantee The Tn￿¢ is a tomp8ny limited by guardnt88 and ha5 no share Lzpital. In the event ofthe tharity being *￿Und up, the liabilty in resped of the guaraniee is Iunited to £1 per member of the d￿rity. Charitable actlvltl•¥ UnrE5tricted Total Funds Unrestricted Total Funds Funds 2019 FLtrKIs 2018 Inojmg f￿rn tharilabb ac11￿118$ Donations 32.147 32.147 21.280 45 21.280 45 Totsl Ino 34.147 34.147 21,325 21,325 Scanned by Camscanner Cleenish Renewal Co Ltd Company Limited by Guarantee Notes to the Flnanclal Statements Yoar ended 30 June 2019 Exp•ndliuTv on charttabl• aclmtles by fund ty Unrestrided Total Funds Unr8Strided Total Funds Funds 2019 Funds 2018 20.349 16.395 20,349 16,395 9,826 17,298 9,826 17,298 Support (x)sts 36.744 36.744 27,124 27.124 7. Expenditur• on Charitable actfvltles by actlvlty type T¢)tal fundg 2019 Totsl fund 2018 Acliwty type 1 17.667 9.826 GoNEman¢% c£)sts 16.395 17.298 34.OK2 27.124 Net expendllure Net expenditure is stated after chargingJlcredriin8): 2019 2018 Derfviation oftangiblg fixéd assets 4.780 4.910 Stsff costs The totsl staff costs and employee benefits for the reporting period are analysed as folknw5: 2019 2018 Wages and salaries The average head c%￿nt ofempioyees durlng the yearwas 1 {2018: 1). No employee received enployee benefrts of more Ihan £60.000 during the year12018: Nil). 10. Tru•t¢e r•mun•ratlon and •xp•Ths Trustees reCe￿e no remuneralion from Cleanlsh Ren8vrdl Co Ltd. Tn￿tea$ T￿1¥8 no eypenses payments. Trustees have paid Charity expenses from time lo time and these expenses have been verified and add&J to the balance of n￿nieS owed to Trustees as shown in Note 14. Money owed to TN8tsgs is entirety made up of money loan￿￿ directy lo the tharity by Tnjstees on an interest free b￿$ and Charity expan￿ paid by Truslaes and theroaft8r traaled as a loan. 11 is agreed betsveon the Trustees that payment of thls loan will not b8 required until the Charity can pay it wIt￿ul causlng it finandal ￿ffi(￿lty. Scanned by Camscanner Cleenish Renewal Co Ltd Company Limitéd by Guarantee Notes to the Flnanclal Statements (eonunu Year ended 30 June 2019 11. Tanglble fix•d assèts Long leasehold prant and property mathinery T¢)tal Cost At 1 Juty 2018 and 30 June 2019 DepreGlatlon At 1 Juty 2018 Charge for the year At 30 June 2019 388,709 17.484 406,193 32.961 4,042 12,564 738 45,525 4,780 37.Crf)3 13,302 $0,305 Carrylng amount AI 30 June 2019 351.706 4.182 355.888 At30 June 2018 355.748 4,920 360.668 12. Debtors 2019 2018 Prepayments and acuued Income 2.116 1,824 13. Credttor5: amounts falllng due wlthln one year 2019 2018 Bank loans and overdrafts Trade creditors Social security and other taxes 8.036 8.036 5.630 1.565 1.865 14.160 15,260 14. Crodltors: amounts falllng due after morn than one yoar 2019 2018 Bank loans and overdrafts Amounts owed to undertakings in which the (knrity has a partiapatirvJ interest 161207 169.702 79.716 74.894 241.123 244,596 Scanned by Camscanner Cleenlsh Renewal Co Ltd Company Limited by Guarantee Notes to the Flnanclal Statsments Year ended 30 June 2019 15. An8￿0$ of eharltable fvnds Unr•$trlcled funds Unrestrlct•d fvnd$ At In￿rne ExperKliiure 30 June 2019 1 July 2018 General funds Revaluation reserve (269.761) 372.525 34,147 (34,062) (269.676) 372.525 102,764 34.147 (34,062) 102.849 At 1 July 2017 At Income Expendthre 30 June 2018 Ggneral funds Revaluation rese {263.9631 372,525 21.325 (27.124) (269.761) 372.525 108,562 21,325 (27,124) 102.784 12 Scanned by Camscanner Cleenish Renewal Co Ltd Company Limited by Guarant•• Notes to the Flnanclal Statements Year ended 30 June 2019 1& Analysls of Incomè and Expens (All Unrestrlctsd funds) 2019 2018 Inojme from grnps Bank Inte￿St ￿￿1Ved Donalions 32.146 21.280 45 Totsl Income 34.147 21.325 Food purchases Wages Light & heat 4.861 6,936 1776 1,632 4,980 2.222 Rent Water rates Repalrs and mainlgnan Insurance CleaniThJ Bin collections Telephone & intemet Bank interest- overdrdft Bank interest- loan Bank tharges 822 1.930 1.879 181 161 119 2.166 123 196 743 9211 267 244 Depreciation & impaimert 4.780 4,910 Totai Expensas 34.062 27.124 Net Incx)me l Exwses 85 (5,7991 13 Scanned by Camscanner