Lissan House Trust
(A company limittd by 8v•rAntee not having a sh&re tapit&l}
Report and Unaudited Financial Statements
For the year ended 31 December 2023
Registration No: N1032848
Charity No: NIC102559
'AD57HC4H•
13106J2024
COMPANIES HOUSE
A3
#165

Lissan House frusl
Accountsfor ihe year ended 31 December 2023
Contents
Trustees and advisers
Trust¢es annual report
Statement of Trustees Responsibilities and Declaration on Unaudited Financial Statements
Independent Examiners report
Statemenl of Financial Activiti¢s
Balance Sheet
Notes to the accounts
9-14

Lissan House Trusl
Accountsfor iheyear ended 31 December 2023
Page J
Trustees and advisers
Trustees
S Lougllrin - Chair
A I Mcminn (Resigned 16 October 2023)
M l Mccrystal
R O'Neill (Resigned 06 November 2023)
R Stewart
R T Colvin
D J Lennox
K E Neilly (Appointed on 07 August 2023)
Registered office and Principal Address
Drumgrass Road
Cookstown
Co Tyrone
BT80 9SW
Company Registration number
N1032848
Charity Number in Northern Ireland
NIC102559
HM Revenue & Customs Charity reference
XR 18252
Accountants
Corr & Corr Accountants
st
l Floor
58 Loy Street, Cookstown
Co Tyrone
BT80 8PE
Bankers
Bank of Ireland
32 James Street
Cookstown
Co Tyrone
BT80 8LT

Lissan House Trusl
Accounlsfor ¢heyear ended 31 December 2023
Page 2
Trustees, Annual report
The trustees present their Trustees Annual report in accordance with Charities SORP (effective January
2015) and the unaudited financial statements of the Trust for the year ended 31 December 2023, also prepared
in accordance with the aforementioned Statement of Recommend Practice and FRS 102.
The trustees, who are also directors of the Charity. at the date of this report and those who served during the
financial year together with the dates of any changes are set out on Page l.
Principal Activities
The Trust is established for charitable purposes only, specifically the preserving and developing of Lissan
House and its Demesne for the benefit of the local community and beyond. Such purposes must be carried
out exclusively in a manner that is beneficial to the public and is recognised by the law of Northern Ireland
as being charitable.
It is anticipated that the redevelopment of Lissan House and the surrounding estate will result in a number
of benefits including:
Maintaining the historical and architectural legacy of Lissan House and its estate through the
conservation of the building and the commercial exploitation of the restored property.
Development of a community asset which will become an accessible area for th¢ local community and
tourists alike;
Educating people of the historical and heritage value of Lissan House and its Demesn¢;
Environmental and economic regeneration of a currently unexploited building and estate in the
Cookstown District Council area;
Promotion of Lissan House and the Estate as a high quality destination within the Mid Ulster District
Council area and th¢ Sperrins ar¢4 providing a valuable catalyst for tourism regeneration in the ￿gIon.
Company Llmited by Guarantee
Each director undertakes to contribute to the assets of the Trust, in the event of the same being wound up
while he is a member, or within one year after he ceases to be a member, for payment of debts and liabilities
of the Trust contracted before he ¢￿SeS to be a member, and of the costs, charges and expenses of winding
up. and for the adjustment of the rights of the contributors among themselves, such amount as may be
required not exceeding £1 .00.
Trustees
The Trustees who were also directors of the Charity and who served during the year are listed on page l.

Lissan House Trust
Accountsfor ihe year ended 31 December 2023
Page 3
Trustees, report (cont'd)
Achievements and Performance
Financial Review
The company returned net incoming resources of £26,993 (2022: £28,325). At 31 st December 2023 the total
funds of the charity amounted to £309,891 {2022: £282,898), comprising restricted funds of £ NIL (2022.. £
NIL), designated funds of £NIL (2022: £ NIL) and general unrestrict¢d funds of £309,891 (2022: £282,898).
Of the total funds reported above, £67,764 is made-up of ¢￿h at bank and in hand, with bank d¢bt of £NIL.
The trustees endeavour to maintain sufficient funds to ensure that, in the event of a significant drop in
funding, they will be able to continue the charity's current activities while consideration is given to ways in
which additional funds may be raised.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are
in place to mitigate ¢xposur¢ to the major risks.
Structure Governance and Management
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of
Association. Lissan House Trust registered with the Charity Commission for Northern Ireland on 23rd
December 2015.
Public Benefit
Jn setting our objectives and planning our activities for the year, the trustees have given careful consideration
to the Charity Commission for Northern Ireland statutory guidance on public benefit to ensure that the
activities have helped achieve the charity purposes and provide a benefit to the beneficiaries.
Speclal provisions relating to small companies
The above report has been pr¢pared in accordance with the special provisions relating to small companies
within Part 15 of the Companies Act 2006.
By order of the board
Sharon Loughrin
Trustee
io¢h June 2024
Katherine Neilly
Trustee
ioth June 2024

Lissan House Trust
Accountsfor the year ended 31 December 2023
Page 4
Statement of Trustees Responsibilities and Declaration on Unaudited Financial
Statements
General Responsibilities
The Trustees are responsible for preparing the financial statements in accordance with applicable law and
regulations.
Company law requires the trustees as the directors to prepare financial statements for each financial year.
Under that law the trustees have elected to prepare the financial statements in accordance with United
Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable
law). Under charitabl¢ company law the trustees must not approve the fjnancial statements unless they are
satisfied that th¢y give a true and fair view of th¢ state of affairs of the charity and of the net income or
expenditure of th¢ charity for th¢ period. In pr¢paring these financial statements, the trustees are required
to:
select suitable accounting policies and apply them consistently;
make judgements estimates that are reasonable and prudent;
state wh¢ther the Charities SORP {¢ff¢ctive January 2015) in a¢cordance with FRS102 has been
followed. and
prepare the financial statements on th¢ going conc¢rn basis unl¢ss it is in appropriate to presume that
the charity will continue in operation.
The Trustees are responsible for k¢¢ping prop¢r accounting records which disclose with reasonable accuracy
at any tim¢ the financial position of th¢ charity and to enable them to ensure that the financial statements
comply with the acts, and all Regulations to be construed as one with that Act. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
Trustees, declaration on the Unaudited Financial Statements
In relation to the financial statements comprising the Statement of Financial Activities (incorporating an
Income and Expenditure Account), the Balance Sh¢et, the Accounting Policies and the related notes..
The trustees approve thes¢ financial statements and confirm that they are responsible for them, including
selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and
prudent basis the judgements underlyin8 them. They have been pr¢pared on the going concern basis that the
charity will continue in operation.
The tru5te¢s confim that they have made available to Corr & Corr, Chartered Accountants, all the charity's
accounting records and provid¢d all the inforniation, books and documents ne¢¢ssary for the cornpilation of
the financial statements. The trustees confirni that to the best of their knowledge and belief, the accounting
records reflect all the transactions of the charity for the year ended 31 December 2023.
On behalf of the board
Sharon Lougbrin
Trustee
10 June 2024
Katherine Neilly
Trustee
ioth June 2024

Lissan House Trust
Accountsfor the year ended 31 December 2023
Page 5
Independent Examiners Report to the Board of Trustees of Lissan House
I have examined the financial statements of the Trust for the year ended 31 December 2023. which comprise
the Statement of Financial Activities (incorporating an income and Expenditure Account), the Balance Sheet,
the Accounting Policies and the related notes. These financial statements have been prepared under the
accounting policies set out therein. The financial ststements were not required to be audit¢d in accordance
with Part 16 of the Companies Act 2006.
This report is made solely to the charitable company trustees, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial
statements that we have be¢n engaged to compile, report to the charitable company's Board of Trustees that
we have done so, and state those matters that we have agreed to state to them in this report and for no other
purpose, To the fullest extent permitted by law, we do not accept or assum¢ responsibility to anyone other
than the charitable Company and the Charitable company's Board of Trust¢¢s, as a body, for our work. or for
this report.
Respective responsibilities of trustees and examiner
As explained more fully in the Statement of Trustees, Responsibililies, the trustees, who are also the dire¢tors
of the charitable company, are responsible for the preparation of the Trustees, Annual report and the financial
statements in accordanc¢ with applicable law and Accounting Standards (UK and Ireland). The charilable
company trustees consider an audit is not required for this y¢ar under Chapter 3 of Part 16 of the Companies
Act 2006 but that an independent examination is required under that Act.
It is my responsibility to:
examine the financial statements under Chapter 3 of Part 16 of the Companies Act 2006 and the
Regulations th¢r¢under'
follow the procedures laid down by the regulatory authorities. and
state the facts if it has come to my attention in the cours¢ of my examination work that any:
(i) material expenditure or action appears not to be in accordance with the charitable company's
trusts.
(li) information or explanation l am entitled to under the Regulations has not been afforded to me,
(iii) information contained in the financial statements is materially inconsistent with the Trustees,
Annual rcport for the year.
Basis of independent examlner's report
My examination work was undertaken in accordance with the general directions given by the regulatory
authorities. Such an examination includes a review of the accounting records kept by the charitable Company
and a comparison of the financial statements presented with those records. It also includes consideration of
any unusual items or disclosures in the financial statements and seeking explanations from yourselves as the
charitable company trustees concerning any such matters. The procedures undertaken do not provide all the
evidence that would be required in an audit and consequently I do not express an audit opinion on the view
given by the financial statements.

Lissan House Trusl
Accounlsfor ihe year ended 31 December 2023
Page 6
Independent examiner's statement
In connection with my examination work, no matter has come to my attention:
which gives me reasonable cause to believe that in any material respect the requirements to keep
proper accounting records and to prepare accounts which accord with the accounting records and are
in arxordanc¢ with the methods and principles set out in the Charities SORP and which comply with
the requirements of section 396 of the Companies Act 2006 other than the requirement to give a true
and fair view have not been met. or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
financial Stalements to be reached.
Corr & Corr
Chartered Accountants
Cookstown
io¢h June 2024

Lissan House Trwt
Accounlsfor Iheyear ended 31 December 2023
Page 7
Statement of Financial Activities
Income statement
Unrestricted Restricted
Funds
Funds
Total
Total
Ineoming Resources
2023
2023
2023
2022
Incoming Resources
Activities for Generating funds
Investment Incomc
52,026
52.026
49.452
Total Incoming Resource8
Resources Expended
Net Incomlng Resources
available for Cbaritable
Application
52,026
52,026
49,452
Resources Expended on
Charitable Activities
Cost of Charitable Activities
Total Resources Expended
Gross Transfer between funds
Surplusl(Deficit) for the year
25,033
26,993
Net movement in funds for tbe
year
28
25
Reconciliation of funds
Balance brought forward
Balance carrled forward
282 898
309 891
282 898
309 891
254 573
282 898

Lissan House frusl
Accounls
or ihe year ended 31 December 2023
Page 8
Balance sheet
Notes
2023
2022
Fixed assets
Tangible fixed assets
245 939
245 939
Current assets
Debtors
Cash and cash equivalents
3,758
4,272
35
81
Creditors: amounts falling due within one year
Net Current Ydssets/(liabilitieg)
Total assets less current liabilities
309 891
282 898
Creditor8: amounts falling due After more than one year
Net assets
309 891
282 898
Funds
Restricted Trust Funds
Unrestricted designated Funds
General Fund (unrestricted)
13
309 891
282 898
Thes¢ financial statements have been prepared in accordance with the special provisions relating to small
Compani¢s within Part 15 of the Companies Act 2006.
For the financial year, ended 31 December 2023 the charitable company was entitled to exemption from
audit under Section 477 of the Companies Act 2006; and no notic¢ has been deposited under Section 476,
The trustees acknowledge their responsibility for ensuring that the charitable company k¢eps accounting
records which Comply with Section 3 86 and for preparing financial statements which give a true and fair
view of th¢ state of affairs of the charitable company as at the end of thc financial year and of its profit and
loss for the financial year in accordance with the requirements of Sections 394 and 395 and which otherwise
comply with the requirements of the Companies Act 2006 relating to financial statemenls, so far as applicable
to the charitable company.
Approved by the board and authorised for issue on the i oth June 2024 and si8ned on its behalf by:
Aan
ShAron Loughrin
Tni$tè.p.
ioth June 2024
Katherine Neilly
Ti'usttt
ioth June 2024
The notes on pages 9 to 14 forni part of these accounts.

Lissan House Trusl
Accounlsfor Iheyear ended 31 December 2023
Page 9
Notes to the accounts
l. Principal accounting policies
Basis ofpreparalion
The financial stat¢m¢nts hav¢ b¢¢n pr¢pared under th¢ historical cost convention and in accordance with the
Companies Act 2006 and Part 8 of the Charities Act (TrJorth¢rn Ireland) 2008. They also comply with the
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Rcpublic of Ireland (FRSI 02) (cffective l January
2015)- (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of
Jreland (FRS 102), the Companies Act 2006 and the Charities (Accounts and R¢ports) Regulations (Northern
Ireland) 2015.
General informalion and basls ofprep4ralion
Lissan Hous¢ Trust is a Company limited by guarantee incorporated in Northern Ireland under the United
Kingdom Companies Act. The address of the registered office is given on page l. The principal activity of
the company is the preserving and developing of Lissan House and its Demesne for the benefit of the local
community and beyond.
The accounts have been prepared in accordance with applicable accounting standards, A summary of the
more important policies, which have been applied consistently, is set out below. The accounts are prepared
in sterling which is the fun¢tional currency of the company.
Cashflow slalemenl
The charitable company has availed of the exemption in FRS 102 from the requirement to produce a cash
flow statement because it is classified as a small charitable company.
Incoming Resources
Voluntary income orcapital is included in the Statement of Financial Activities when the charitable company
is legally entitled to it. its financial value can be quantified with reasonable certainty and there is reasonable
certainty of its ultimate receipt. Entitlement to legacies is considered established when the charitable
company has been notified of a distribution to be made by the executors. Income received in advance of due
perforniance under a contract is accounted for as deferred income until earned. Grants for activities are
recognised as income when the related conditions for legal entitlement have been met. All other income is
accounted for on an accruals basis.
Resources Expended
All resources expended ar¢ accounted for on an accruals basis. Charitable activities include costs of services
and grants, support costs and depreciation on related assets. Costs of generating funds similarly include
fundraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned
pro-rata to the staffing of the relevant servi¢¢. Finance. HR, IT and adm inistrative staff costs are directly
attributable to individual activities by objective. Governance costs are those associated with constitutional
and statutory requirements.

Lissan House Trusl
Accounls
or iheyear ended 31 December 2023
Page 10
Notes to the accounts (cont'd)
l. Principal accounting policies (contgd)
rangiblefL¥ed assets
Fixed assets are stated at their purchase cost, together with any incidental costs of acquisition, l¢ss
accumulated depreciation.
Depreciation is calculated so as to write off the costs of tangible fixed assets, less their estimated residual
values, over the expected useful economic lives of the assets concerned.
Impairmenl ofnon-financial assels
The company assesses at each reporting date whether an asset may be impaired, If any such indication exists
the company estimates the recoverable amount of the asset. If it is not possible to estimate the recoverable
amount of the individual asset, the company estimates, th¢ recoverabl¢ amount of the cash generating unit to
which the asset belongs. The recoverable amount of an asset or cash generating unit is the higher of its fair
value less costs to sell and its value in use. If th¢ r¢¢overabl¢ amount is less than its carrying amount, the
carrying amount of the asset is impaired and it is reduced to its recoverable amount through an impainnent
in the profit and loss a¢¢ount.
An impairment loss recognised for all assets is reversed in a subsequent period if and only if the reasons for
the impairnient loss have ceased to apply.
Governmen(8ranls
Grants that relate to specific capital expenditure are treated as deferred income which is then credited to the
profit and loss account over the related asset's useful life. Revenue grants are credited to the profjt and loss
account in the same year as the related expenditure is incurred.
Income
Income represents donations, grants and other income r￿e1Ved by th¢ Trust during th¢ year.
Bank interesl receivable
Bank interest is recognised in the revenue account on a receipts basis.
Repairs and renewals
These are charged to r¢v¢nue in the year in which the expenditure is incu￿ed.
Shorl lerm employee benefits
Short tenn employee benefits are recogni5ed as an expense in the period in which they are incurred.

Lissan House Trust
Accounlsfor theyear ended 31 December 2023
Page 11
Notes to the accounts (cont'd)
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, which are described in note I, the directors are
required to make judgements, estimates and assumptions about the carying amounts of assets and liabilities
that are not readily apparent from other sources. The estimates and associated assumptions are based on
historical experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates ar¢ recognised in th¢ period in which the estimate 15 revised if the revision affects only that period,
or in the period of the revision and future periods if the revision affects both current and future periods.
Criticaljudgemenls in applying the coryany's occounting policies
During the current and preceding financial years th¢ directors b¢lieve they have not made any critical
judgements in the process of applying the company's accounting policies that have a si8nifi¢ant effect on the
amounts recognised in the accounts.
Key sources of esilmalion uncerlalnty
During the current and preceding financial years the directors believe there are not any key sources of
estimation uncertainty that have a significant risk of causing a material adjustment to the can7ing amounts
of assets and liabilities within the next financial year.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events have occurred at that date that will result in an obligation to
pay more tax in the future, or a right to pay less tax in the future. Timing differenees are temporary differences
between the company's taxable income and its results as stated in the financial statements.
Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods
in which the timing differences ar¢ expected to reverse, based on tax rates and laws that have been enacted
or substantively ¢na¢t¢d by the balance sheet dat¢.
Coing concerD
The company made a profit of £26,993 during the year ended 31 December 2023, and at that date, the
company's assets exceeded its liabilities by £309.891.
The trustees, after making enquiries. have a reasonable expectation that the Charity has adequate resources
to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going
concern basis in the preparation of the accounts.

Lissan House Trus¢
Accounlsfor iheyear ended 31 December 2023
Page 12
Notes to the accounts (cont'd)
4. Interest payable and similar charges
2023
2022
Bank interest payable
NIL
S. Employees and remuneration
Total Staff costs compris¢:
2023
2022
Wages and salaries
NIL
NIL
Pension costs
N]L
NIL
The Trustees did not r¢¢¢ive any r¢mun¢ration durin8 the year. The average number of employees during
the year was NTL - (2022: NIL).
6. Taxation
Lissan House Trust is registered as a ¢harity for taxation purposes under reference NtC102559. As a
charstable company, Lissan House Trust is exempt from tax on income and gains falling within Section 5050
of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these
are applied to it5 charitable objects. No tax charges have the￿fore arisen for the charitable company for the
year ended 31 December 2023.
7. Tahgible fixed assets
Freehold
land and
buildings
Fixtures and
rittings
Total
Cost
As at l January 2023
Additions
As at 31 December 2023
Grants reeeived: Freehold property
34,494
211.445
245,939
211445
245 939
As at l January 2023 and at 31 December 2023
Cost after capltal grant
34,494
211445
245 939
Depreciation
As at l January 2023 and at 31 December 2023
Net book value
As at December 2023
34.494
211445
245 939
As at December 2022
34,494
211,445
245 939

Lissan House Trus¢
Accountsfor Ihe year ended 31 December 2023
Page 13
Notes to the accounts (cont'd)
8. Creditors: Amounts falling due withAn one year
2023
2022
Bank Loans & Overdrafts
Other taxes and social security
Trade Creditors
2,260
2,910
2,400
7,570
294
Accruals
2,400
2,694
9. Creditors: Amounts falling due after more than one year
2023
2022
Other Creditors
NIL
NIL
Bank Loans
NIL
NIL
NIL
10. Analysis of Net Assets by Fund
The Total Net Assets in the current and prior period related to th¢ general fund (unrestri¢ted).
11. ADalysi$ of Movements on Funds
Bal
Inter-
01 Jan
Ineoming Resource
fund
2023 Resource Expended Transf¢rs
Bal
31 Dec
2023
Reslrieled Ineome
Restricted
Unrestricted Ineome
Unrestricted
282 898
52,026
309 891
Total Funds
282,898
309 891

Lissan House Trxyt
Accounls
ear ended 31 December 2023
Page 14
Notes to the accounts (cont'd)
12. Status
The charitable company is limited by guarantee not having a share capiL11.
Each member undertakes to contribute to the assets of the Trust, in the event of the same being wound up
while they are a member, or within one year after they cease to be a member, for payment of debts and
liabilities of the Trust contracted before he ceases to be a member, and of the costs, charges and expenses of
winding up, and for the adjustm¢nt of the rights of the ¢ontributors among themselves such amount as may
be required not exceeding £1.00.
13. Funds
The retained earnings reserve represents cumulative surplus or deficit on the revenu¢ account.
14. Capital commltments
At the balance sheet date, the company had entered into contracts for future capitsl expenditure amounting
to:
2023
2022
Contracted for but not provided in the accounts
15. Contingent liabilities
There is a contingent liability to repay certain grants received under the terms of letters of offer from various
agencies, if the company fails to comply with certain temis and conditions. In the opinion of the directors,
the tenns of the letters of offer have been Complied with and no105s Is expected.
The company has no other Contingent liabilities at the current or prior year ends.
16. Post Balance Sheet Events
There have be¢n no significant events affecting th¢ Charity since th¢ year-end.
17. Related Party Transactions
There were no related party transactions in the current or prior period.

Lissan House Trust
(A company limited by guarantee not having 4 5h*re capital)
Supplementary Information
Relating to the Financial Statements
For the year ended 31 December 2023

Lissan House Trusl
Supplemenlary Informalionfor the year ended 31 Deeember 2023
Operating Statement
Operating statement
Notes
2023
2022
Income
Donations
Interest received
Entrance and tour fees
Land income
Venue hire
Event income
Retail and catering sales
Group Tours
Rent {Wall¢d Garden)
Log & book sales
Grants received
Capital receipt from sale of land
4,513
5.561
304
13,337
22,484
6,121
1,613
14,911
2J03
10,022
4000
967
300
15,042
Expenses
Wages
Insurance
Management services
Light and heat
Maint¢nanc¢ and upkeep
Printing and stationery
Advertising
Event costs
Telephone
Legal and professional fees
VAT payable
Accountancy
Bank charges and interest
Miscellaneous expenses
Service charges
General Expenses
Hire of Equipment
Subscriptions
Computer Bureau Costs
9,415
8,545
1,536
6,347
1,476
2,926
330
250
1,712
1,075
2,807
lJ90
3,20S
258
1,608
229
89
29
270
757
927
290
654
25,033
Surplus I (Deficit) on ordinary activities before
taxatlOD
26,993
28,325
TYdXAtion
Surplus l (Deficit) for year
28
26 993 ￿25