Lissan House Trust (A eompanTr' limited by gu*ralltte not bai'illg a share tapital) Report and Unaudited Financial Statements For the year ended 31 December 2024 Registration No: N1032848 Charity No: NIC102559 DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 1 of 18
Lissan House Trust Accountsfor the year ended 31 December 2024 Contents Page(s) Ttee5 and advisers Trustees annual report Statement of Trust¢es Responsibilities and Declaration on Unaudited Financial St2tm¢nts Independent Examiners report Statement of Financial Activities Balance Sheet Notes to the accounts 9-14 DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 2 of 18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page I Trustees and advisers Trustees S Loughrin - Chair M l Mccrystal R Stewart R T Colvin D J Lennox K E Neilly (Resigned on 2 December 2024) C J Deacon (Appointed on l O June 2024) E D Hopper (Appointed on 10 June 2024) 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 I" Floor 58 Loy Street, CooLstown Co Tyrone BT80 8PE Bankers Bank of Ireland 32 James Street Cookstown Co Tyrone BT80 8LT DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 3 of 18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page 2 Trustees, Annual report The truslees present their TNsl¢es Annual report in accordance with Charities SORP (¢ff¢ctiv¢ January 2015} and the unaudited filncIal statements of the Trust for the year ended 31 December 2024, also prepared in ac¢ordanc¢ with the aforementioned Stat¢m¢nt of R¢commend Practic¢ and FRS 102. Thc trustccs, who arc also dircctors of thc Charity, at thc datc of this rcport and thosc who scrvcd during the financial year together with the dates of any changes are set out on Page l. Principal Activities The Trust is established for cbaritable purposes only. specifically the presen'ing and developing of Lissan Hous¢ and its D¢m¢sn¢ for the ben¢fit of lh¢ 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 bcing charitablc. It is anticipated that the red¢velopm¢nt of Lissan House and ihe surrounding estate will resuli in a number of benefits including= Maintaining the historical and architectural legacy of Lissan House and its estate through the onservation of the building and lh¢ Commela1 exploitation of th¢ restored property; Developmcnt ot" a community asset which will bccome an accessible arca for th¢ local community and tourists alike- Educating people of the historical and heritage value of Lissan House and its Demesne; 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 Ulstei District Council area and the speIns area, providing a valuable catalyst for tourism regeneration in the region. Company Limited by Guarantee Each director undertakes to contribute to the assets of the Trust. in the eN'ent of the same being wound up while he is a n]ember. or within one year after he ceases to be a member, for payment of debts and liabilities of the Trust contracted before h¢ ceases to be a member. and of ihe costs, charges and expenses of winding up. and for tbe adjustment of the rights of the contributors among themselves, such amount as may be required not exceeding £ l.(Xl. Trustees The Trustees who were also directors of the Charity and who served during the year are listed on page l. DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 4 of 18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page 3 Trustees, report (cont'd) Achievements and Performance Financial Revie The company returned a N¢t Loss of £294 (2023 Profit: £26.993)- At 31 si D¢c¢mber 2024 the total funds of the charity amounted to £309.597 (2023: £309.891), collwrising restricted funds of £ NIL (2023: £ NIL), dcsignated funds of £NIL (2023: £ NIL) and g¢n¢ral unr¢strict¢d funds of £309,597 (2023.. £309,891). Of the total funds reported above. £65,173 is made-up of cash at bank and in hand. with bank debt of £NIL. The trustees endeavour to maintain suificient funds to ensure that, in the eTrent of a significant drop in funding, they M'ill be able to continue the charity's current aclivilies while consideration is given to ways in which additional funds may be raised. The trustees have ass¢ssed lh¢ major risks to which th¢ charity is ¢xpos¢d, and are satisfied that systems are in place to mitigate exposure 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 23, Dec¢mb¢r 2015. Public Benefit In sctting our objcctivcs and planning our activitics for thc ycar, tbc trustccs havc givcn carcful considcration to the Charity Commission for Northern Ireland ststutory guidance on public benefit to ensure that the activities have helped achieve the charity purposes and provide a benefit to the beneficiaries. Special provisions relating to small companies The above report has been prepared in accordance with the special provision5 Telating to small companies within Part 15 of ihe Companies Aci 2006. By order of the board Im49ArtA Sharon Loughrin Trustee th 7 April 2025 Robert Colvin Trustee 7 April 2025 DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 5 of 18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page 4 Statement of Trustees Responsibilities and Declaration on Unaudited Flnancial Statements General Responsibilities The Trustees <ire responsible for preparing the financial statevnents in accordance with applicable law and regulalions. Company law requires the trnstees as the directors to prepare financial stalements for each financial year. Under that laTh, 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 charitable company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the net income or expenditure of the charity for the period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently- makc judgcmcnts cstimatcs that arc rcasonablc and prudcnt; slate M,heiher the Charities SORP (effectii'e January 2015) in accordance with FRS102 h&s been followed- and pr¢par¢ the financial statem¢nts on th¢ going ¢on¢¢rn basis unless it is in appropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any timc thc financial posilion of Ihc charity and io cnablc ihcm to cnsurc thal ihc financial statcimcnts 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 reasonabl¢ 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 Sheet. the Accounting Policies and the related notes.. The trustees approve these financial statements and confITtn that they are responsible for them, including selecting the appropriat¢ accounling policies, applying them consistently and making, on a reasonable and PLudent basis the judgements underlying them. They have been prepared on the going concern basis that the charity will continuc in opcration. The Irustees confirni that Ihey have made available to Corr & Corr, Chartered Accountants, all the charity's accounting records and provided all the information. books and documents necessary for the compilation of the financial statements. The tnle¢S confinn 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 2024. On bebalf of the board amk Loogkn. Sharon Loughrin Trustee th 7 April 2025 Robert Colvin Trustee 7 April 2025 DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 6 of 18
Lissan House Trust Aceountsfor the Jyear ended 31 December 2024 Page 5 Independent Examlners Report to the Board of Trustees of Lissan House I hdN'C cxamincd thc finiinci411 statcmcnts of thc TTUSt for thc ycaT cndcd 31 DcLcmbcr 2024, ,hiCh Lomprtse the Stat¢m¢nl of Financial Ac(iN'iti¢s (incorporating an incom¢ and Expcnditurc Account), thc Balance Sheet, the Accounting Policies and the related notes. These financial statements have been prepared under the accounting policies set out therein. The financial statements were not required to be audited in accordance with Part 16 of the Companies Act 2(KJ6. This report is made sol¢ly to the charilable company trust¢¢s. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we mighi compile the financial statements that we hai'e been 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 pem]itted by law, M'e do not accept OT assume responsibility to anyone other than the charitable Company and the charitable company's Board of Trustees, as a body, for our work, or for this rcport. Respective responsibilities of trustees and examiner As explained more fully in the Statement of Trusiees, Responsibilities, the trustees. who are also the directors of the charitable company, are responsible for the preparalion of the Trustees, Annual report and the financial statements in accordance wilh applicable law and Accounling Standards (UK and Ireland). The charitable company trustees consider an audit is not required for this year 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 thereunder- follow the proc¢dur¢s laid by the regulatory authorities. and state the facts if it has come to my attention in the course of my examination ivork that any.. (i) material expenditure or action appears not to be in accordance with the charitable company's trusts; (li) inforn]ation or explanation I am entitled to under the Regulations has not b¢en afforded to me. (iii) inforn]ation contained in the financial statements is materially inconsistent with the Trustees, Annual report for the year. Basis of independent examiner's report My examination work was undertaken in accordance with the general directions given by the regulatory authorilies. Such an examination includ¢s a review of the accounting records kept by the charitable Company and a comparison of the financial statements presented V4-ith 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 ..OUld be required in an audit and consequently I do not express an audit opinion on the view gl'¢n by the financial statements. DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 7 of 18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page 6 Independent examiner's statement In Connection with my examination worL no matter has com¢ to my attention: Ivhich 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 accordanc¢ with the m¢ihods and principl¢s s¢t out in the Charities SORP and Th,hich comply Thith the requirements of section 396 of th¢ Compani¢s Aci 2006 other than the requirement to gjve 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 Statcmcnts to bc rcachcd. P&oèC07T Corr & Corr Chartered Accountants Cookstown th 7 April 2025 DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 8 of 18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page 7 Statement of Flnancial Activities Income statement Unrestricted Restricted Funds Funds Total Total Incoming Resources 2024 2024 2024 2023 Incoming Resources Activities for Generating funds Investment Incon]e 38.713 38,713 52,026 Total Incoming Resources 38,713 38,713 52,026 Resources Expended Net Incoming Resources ai'ailable for Charitable Application 38,713 38,713 52,026 Resources Expended on Charitable Activities Cost of Charitable Activities Total Resources Expended Gross Transfcr bctwccn funds Surplus/{Deficit) for the year 39.007 39,007 39,007 39,007 25,033 25,033 294 294 26,993 Net movement in funds for the year (294) (294) 26,993 Reconciliation of funds Balance brought forw'ard Balance carried fornard 309,891 309,597 309,891 309,597 282,898 309,891 DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 9 of 18
Lissan House Trust Accoun15for the J'ear ended 31 December 2024 Page 8 Balance sheet Notes 2024 2023 Fixed assets Tangible fixed assets 245,939 245,939 Current assets Debtors Cash and cash equivalents 2,192 65,173 3,758 67,764 Creditors: amounts falling due within one year (3,707) 7,570 Net current assetsloiabilities) 63.658 Total assets less current liabilities 309,597 309,891 Creditors: amounts falling due after more than one year NIL NIL Net assets 309,597 309,891 Funds Restricted Trust Funds Unrestricted designated Fund5 Gcncral Fund (unrcslrictcd) 309,597 309,891 These financial statements have been prepared in accordance with the special provisions Telating to srnall Companies within Part 15 of the Companies Act 2006. For the financial year. ended 31 December 2024 the charitable company was entitled to exemption from audit under Section 477 of the Companies Aci 2006" and no notice has been deposited under Section 476. The trustees acknowledge their responsibility for ensuring that the charitable cotnpany keeps accounting records which Comply '7th Section 386 and foi Preparing financial statements which give a true and fair view of the state of affairs of ihe charitable company as at lh¢ end of the financial year and of its profit and loss for the financial year in accordance with the requiremenLs of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable cotnpany. Approved by the board and authorised for issue on the 7, April 2025 and signed on its behalf by: Sharon Loughrin Trustee th 7 April 2025 Robert Colvin Trustee 7 April 2025 The notes on pages 9 to 14 form part of these accounts. DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 10of18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page 9 Notes to the accounts l. Principal accounting policies Basis ofpreparation The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and Part 8 of the Charitie5 Act (Northern Ireland) 2008. They also comply with the Statcmcnt of Rccommcndcd Practicc applicablc to chatitics prcparing thcir accounts in accoTdancc with thc Financial Rcporting Standard applicablc in thc UK and Rcpublic of Jrcland (FRSI 02) (cffcctiiwc l January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). the Companies Act 2006 and the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. General information and basis ofpreparntion Lissan House Trust is a company limited by guarantee incorporated in Northern Ireland under the United Kingdom Companies Act. The address of th¢ registered olTic¢ is given on page l. The principal activity of the company is tbe preserving and developing of Li5san House and its Demesne for the benefit of the local community and beyond. The accounts hav¢ been prepared in accordance with applicabl¢ accounting standards. A summary of the more important policies, which have been applied consistently. is set out below. The accounts are prepared in sterling ivhich is the functional currency of the company. Ca5hflow statement The charitable company has availed of the exemption in FRS 102 from the requirement to PToduce a cash flow statement because it is classified as a small charitable company. Incoming Resources Voluntary income or capital is included in the Ststement of Financial Activities when tbe 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 lo be made by the ¢x¢culors. Income received in advance of due perfonnance 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 are 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 activilies. Non-staff costs not aitribuied io one category of actiN'ity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance. HR, IT and administratii'e staff costs are directly attributabl¢ to individual activiti¢s by objective. Governance costs are thos¢ associated with constitutional and statutory r¢quiremenls. DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 11 of 18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page 10 Notes to the accounts (cont'd) l. Principal accounting policies (cont'd) TangiblefLred assets Fixed assets are stated at their purchase cost, together witb any incidental costs of acquisition, less accumulated depreciation. Depreciation is calculated so as to TIte off the costs of tangible fixed assets. less their estimated residual values, over the expected useful economic lives of the assets concerned. Impairment of non-financial assets The con]pany assesses at each rewjrting 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, the recoverable 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 the recoverable 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 impairment in the profit and loss account. An impairnient loss recognised for all assets is reversed in a subsequent period if and only if the reasons for the impairn]ent loss have ceased to apply. Governmentgrants Grants that relate to specific capital expenditure are treated as deferred income which is then credited to the profit and loss account oN'cr thc rclatcd assct's uscful lifc. Rcvcnuc grants arc crcditcd to thc profit and loss account in the same year as the related expenditure is incued. Income Income represents donations: grants and other income received by the Tnt during the year. Bank interest receivable Bank interest is recognised in the revenue account on a receipts basis. Repairs and renewals These are charged to revenue in the year in which tbe expenditure is incued. Short term employee benefits Short tern] employee benefits are recognised as an expense in the period in which they are incurred. DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 12of18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page 11 Notes to the accounts (cont'd) Critical accounting judgements and key sources of estimalion uncertainty In the application ol the company's accounting policies. ,hICh are described in note l. the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical cxpcricncc and othcr factors that arc considcrcd to bc rclcvant. Actual rcsults may diffcr from thcsc estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is 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. Criticaljudgements in applying ihe company's accounlingpolicies During the current and preceding financial years the directors belieN'e they have not made any critical judgcmcnls in thc proccss of applying ihc company's accounling policics ihat havc a significanl cffccl on ihc amounts recognised in the accounts. sources of estimation uncertainty During the current and preceding financial years the directors belieN'e there are not any key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the canying amounts of assets and liabilities within the nexi 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 transactlOll5 or ei'ents bave occurred at that date that will result in an obligation to pay more tax in the future. or a right to pay les5 tax in the future. Timing differences are temporary differences bctwccn the company's taxablc incomc and its results as stated in thc financial statcmcnts. Deferred tax is measured on an undiscounted basis at the tax rates that ar¢ anticipated to apply in th¢ periods in which the timing differences are expected to rei'erse. based on L2x rates and laws that have been enacted or substantively enacted by the balance sheet date. Going concern The company made a loss of £294 during the yw ¢nd¢d 31 D¢c¢mb¢r 2024. and at that dale, the company's assets exceeded its liabilities by £309.597. The trustees. after making enquiries. have a reasonable expectation that the Charity has adequate resources to continuc in opcrational cxistcnLe foT the foTcsccable future. ALcordingyly, they continue to adopt the going concern basis in the preparation of the accounts. DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 13of18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page 12 Notes to the accounts (cont'd) 4. Interest pa)'able and sinjilar charges 2024 2023 Other intcrest payable NIL 5. Employees and remuneration Total Staff costs comprise.. 2024 2023 Wages and salaries NIL NIL Pension costs NIL NIL NIL The Trnstees did not receive any remuneration during the y¢ar. The av¢rag¢ numb¢r of employe¢s during the year was NtL - (2023: NIL). 6. Taxation Lissan House Trust is registered as a charity for taxation purposes under reference NIC102559. As a charitable company, Lissan Hous¢ Trust is ¢x¢mpt 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 arc applicd io its charitablc objccls. No tax chargcs hai'c thcrcforc ariscn for thc chariiablc company for thc year ended 31 December 2024. 7. Tangible fixed assets Freehold land and buildings Fixtures and fittitigs Total Cost As at l January 2024 Additions 34,494 211,445 245,939 As at 31 December 2024 34.494 211,445 245.939 Grgnts received: Freehold property As at l January 2024 and at 31 December 2024 Cost after Capital grant 34.494 211,445 245,939 Depreciation As at l January 2024 and at 31 December 2024 Net book value As at Deccmber 2024 34.494 211,445 211,445 245,939 245,939 As at December 2023 34,494 DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 14of18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page 13 Notes to the accounts (cont'd) 8. Creditors: Amounts falling due '1th1n one year 2024 2023 Other taxes and social security Trade Creditors 242 2,260 2,910 2.400 1,065 2.400 Accruals 3.707 7,570 9. Creditors: Amounts falling due after more than one year 2024 2023 Other Creditors NIL NIL Bank Loans NIL NIL NIL NIL 10. Analysis of Net Assets by Fund The Total Net Assets in the current and prior period related to the general fund (unrestricted). 11. Analysis of Movements OD Funds Bal Inter- 01 Jan Incoming Resource fund 2024 Resource Expended Transfers Bal 31 Dec 2024 Restricted Income Restricted Unrestricted Income Unrestrictcd 309.891 38,713 39,007 309,597 Total Fullds 309891 38,713 39,007 309,597 DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 15of18
Lissan House Trust Accountsfor the year ended 31 December 2024 Page 14 Notes to the accounts (cont'd) 12. Status The charitable company is limited by guarantee not having a share capilal. 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 LontraLted before he Leases 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. 13. Funds The retained earnings reserve represents cumulative surplus or deficit on the revenue account. 14. Capital commitments At tbe balance sheet date. the company had entered into contracts for future capital expenditure amounting to- 2024 2023 Contracted for but not provided in the accounts 15. Contingent liabilities There is a contingent liability to repay certain granls received under the ternis of letters of offer from various agencies, if the company fails to comply with certain tern and conditions. In the opinion of the directors, thc tems of the lettcrs of otTcr have been complicd with and no loss is eXCted. The company has no other contingent liabilities at the current or prior year ends. 16. Post Balance Sheet Events There have been llo significant events affecting the Charity since the year-end. 17. Related Party Transactions There were no related party transactions in the current or prior period. DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 16of18
LRssan House Trust (A colllpan) litDited b) gu3rantee Dot baving a share capital) Supplementary Information Relating to the Financial Statements For the year ended 31 December 2024 DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 17of18
Lissan House Triist Supplementary Informationfor theyear ended 31 Deceniber 2024 Operating Statement Operating statement Notes 2024 2023 Income Donations Entrance and tour fees Land income Venue hire Event income Group Tours Rent (Walled Garden) Log & book sales 5,573 150 14,814 5,175 9,256 3,146 174 425 38.713 4,513 304 13,337 22,484 6,121 4000 967 300 Expenses Insurance Light and heat Maintenance and upkeep Printing and stationery Adi'ertising Event costs Telephone Lcgal and profcssional fccs Historical VAT Difference Write O Accountancy Bank Lhargcs and intcrcst Miscellaneous expenses General Expenses HiTe of Equipment Subscriptions Computer Costs Interest Payable 11.627 1,099 7J96 170 1,157 1,917 1,709 8,645 1,173 3JOO 244 9,415 1,536 6,347 330 250 1,712 3,205 258 190 126 iii 138 270 757 927 39,007 25,033 Surplus / (Deficit) on ordinary activities before taxation (294) 26,993 Taiation Surylus l (Deficit) for vear 294 26,993 DocUrn1 Ref.. NFQA2-SZMBH-HATWA-plv Page 18of18