REGISTERED COMPANY NUMBER: N10632661Northern Ireland) REGISTERED CHARITY NUMBER: 102720 ort of the Trustee5 and Unaudited Financial Statements for the Year Ended 31 December 2024 for Ulster Vinta e Commercial Vehicle Club Limited W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG
Ulster Vinta Limited e Commercial Vehicle Club Contents of the Financial Statements for the Year Ended 31 December 2024 Page Chairman's Report Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10 to 16 Detailed Statement of Financial Activities 17 to 18
Ulster Vinta Limited e Commercial Vehicle Club Chairman's Re ort for the Year Ended 31 Dernber 2024 As we move into another year I hope this message finds you and your family well. The club has had another steady year, with membership still slightly down on pre pandemic numbers. We are ever mindful of the cost of fuel and will try to endeavour to keep our runs as short as we can. We are always on the lookout for places to visit, so if you know or have a collection that you think would be of interest to members please let us know. As costs are rising we would encourage members to opt for getting club information by email if this is possible, this helps to keep postage cost down. I know some members still like to re1ve details by post and this is still available. We would encourage members to try and come to our meetings, held on the second Tuesday of the month in O'Kane's Bar in Randalstown at 8pm. This is the best Pla to find out what's happen in the club and give your opinion on upcoming runs and outings. We recently had a very good night out for our Annual dinner in the Glenavon Hotel in Cookstown, next year's dinner will take place on the 28th February 2026 in the Glenavon Hotel. The clubs Facebook and website still remains very popular and continue to get hits from all over the world, on average we have around 2 million visitors per month looking at the great selection of photographs that we have gathered up over many years. As always have a safe and enjoyable season and we hope to see you out and about at road runs and shows. Adrian Currie Chairman Page 1
Ulster Vinta Limited e Commercial Vehicle Club Re ort of the Trustees for the Year Ended 31 December 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims Ulster Vintage Commercial Vehicle Club main aim is to bring together owners and all those interested in the restoration and usage of vintage commercial vehicles. Members bring together their skills and knowledge which facilitates development, participation, team work and improved self esteem within the group. Through our day out runs, displays and road shows we aim to recruit new members and create an interest and awareness amongst the general public, which will in turn help preserve the rich heritage of the vintage commercial vehicle. Slgnificant activities Ulster Vintage Commercial Vehicle Club continue to undertake the very popular day run outs and to attend public events to display the vintage vehicles. New exhibition lorry is now in full use and is proving to be very popular. Public benefft Ulster Vintage Commercial Vehide Club is open to everyone which is evident from our members who come from a diverse background and to our regular public events across all areas of N.Ire5and and Ireland. Our regular drive outs. displays and public meetingslroadshows help us lo engage with the general public to create an awareness of our vintage vehicle heritage. provide information on the restoration work involved and to offer advice. The public are actively encouraged to engage in our Q & A exercises and to participate in our demonstrations which prove very popular with young children. This helps in their development and learning and provides fun & enjoyment, and for the adults too. It also provides an opportunity to attract new members which will help to preserve the heritage for future generations, passing on invaluable skills in the restoration process. The Charity held their usual IO-daY run in May 2024 covering the local Mid Ulster area. We held our end of season run in October 2024 and covered area's in Co Cavan and Co.Down. We also attended the Co.Antrim run during the summer. All were well received. We hope for next year that there will be an increase in membership and the number of run outs will increase. There continues to be no private gain to any individual member. In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northem Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. Page 2
Ulster Vinta Limited e Commercial Vehicle Club Re ort of the Trustees for the Year Ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE Ulster Commercial and Vehicle Club continue to undertake a range of charitable activities such as holding ladies nights, raffles and draws as well as the normal day run outs and public events which help to raise funds and obtain donations. Funds raised help the organisation to continue to promote the heritage of the vintage vehicles and create an interest amongst the general public. FINANCIAL REVIEW Financial position Net surplus for year was £2,533 (31.12.23 Loss £767) and unrestricted funds at the year end were £12,049 (31.12.2023 £9,516). Total Funds remain positive financially. Reserves policy The Charity does not have a reserves policy. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company. limited by guarantee. as defined by the Companies Act 2006. Organisational structure The management committee of Ulster Vintage Commercial Vehicle Club administers the charity. Monthly meetings are normally held to discuss ongoing projects, finances and other issues. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.This is maintained by the committee with a formal risk strategy, with potential risks and threats considered at the monthly meeting. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1063266 (Northern Ireland) Registsred Charity number 102720 Registered office Crosslands 7 Browndod Road Doagh Ballyclare Antrim BT39 OSY Trustees Adrian Currie Trevor Raymond Haydock Trevor Kirk Page 3
Ulster Vinta e Commercial Vehicle Club Limited Re ort of the Trustees for the Year Ended 31 December 2024 REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary Trevor Kirk Independent Examiner W MCGILLIAN & CO LTD Unit A2. Workspa 5-7 Tobermore Road Draperstown Derry BT45 7AG Bankers Danske Bank Business Banking POBOX 183 Donegall Square West Belfast BT16JS Approved by order of the board of trustees on behalf by: and signed on its Adrian Currie- Trustee Page 4
Inde endent Examinerfs Re ort to the Trustees of Ulster Vinta e Commercial Vehicle Club Limited I report on the accounts of the company for the year ended 31 December 2024. which are set out on pages seven to sixteen. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan 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: 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 Charities Act state whether particular matters have come to my attention. Basis of the 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 Northem 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: That accounting records were not kept in accordan with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records 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 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's ststement 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 Northem Ireland, I have found no matters that require drawing to your attention. Willie McGillian The Institute of Financial Accountants W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry Page 5
Inde endent Examinerfs Re rt to the Trustees of Ulster Vinta e Commercial Vehicle Club Limited BT45 7AG Date.. Page 6
Ulster Vinta Limited e Commercial Vehicle Club Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3,254 3.254 3.149 Charitable activities Charitable Activities 9.948 9,948 7,641 Other trading activities 265 265 140 Total 13,467 13,467 10,930 EXPENDITURE ON Raising funds 28 28 157 Charitable activities Charitable Activities 10,906 10,906 11,540 Totsl 10.934 10.934 11,697 NET INCOMEI{EXPENDITURE) 2,533 2,533 (767) RECONCILIATION OF FUNDS Total funds brought forward 9,516 9.516 10.283 TOTAL FUNDS CARRIED FORWARD 12,049 12.049 9,516 The notes form part of these financial statements Page 7
Ulster Vinta Limited e Commercial Vehicle Club Balance Sheet 31 December 2024 31.12.24 31.12.23 Notes FIXED ASSETS Tangible assets 304 379 CURRENT ASSETS Stocks Debtors Cash at bank 12 13 2,046 399 9,785 2,074 399 7,089 12,230 9,562 CREDITORS Amounts falling due within one year 14 (485) (425) NET CURRENT ASSETS 11,745 9,137 TOTAL ASSETS LESS CURRENT LIABILITIES 12,049 9,516 NET ASSETS 12,049 9,516 FUNDS Unrestricted funds 16 12.049 9,516 TOTAL FUNDS 12.049 9,516 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 Dember 2024 in accordan with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) Complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The notes form part of these financial statements Page 8 continued...
Ulster Vinta Limited e Commercial Vehicle Club Balance Sheet- continued 31 December 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by: Adrian Currie - Trustee The notes form part of these financial statements Page 9
Ulster Vinta Limited e Commercial Vehicle Club Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basls of preparing the financial ststements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended PractiTr applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income viill be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Fixtures and fittings Motor vehicles 20 % on reducing balance 20D/o on reducing balance 200/0 on reducing balance Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordan with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page10 continued...
Ulster Vinta Limited e Commercial Vehicle Club Notes to the Financial Statements - continued for the Year Ended 31 December 2024 DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations Membership 86 3,168 238 2,911 3,254 3,149 OTHER TRADING ACTIVITIES 31.12.24 31.12.23 Merchandiselmagazines 265 140 INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31.12.23 Activity Charitable Activities Charitable Activities Charitable Activities Run Outs Dinner dan Raffles Contribution from members 8,033 1,475 440 5,086 1,260 605 Charitable Activities 690 9,948 7,641 RAISING FUNDS Other trading activities 31.12.24 31.12.23 Opening stock Closing stock 2,074 2,046) 2,231 2,074) 28 157 Page11 continued,..
Ulster Vinta Limited e Commercial Vehide Club Notes to the Financial Statements - continued for the Year Ended 31 December 2024 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Charitable Activities 10,906 SUPPORT COSTS Governance costs Charitable Activities 10,906 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 31.12.24 31.12.23 Depreciation - owned assets 75 94 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, iemuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 Dec£mber 2024 nor for the year ended 31 December 2023. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 3,149 3.149 Charitable activities Charitable Activities 7,641 7,641 Other trading activities 140 140 Total 10,930 10,930 EXPENDITURE ON Raising funds 157 157 Page 12 continued...
Ulster Vinta Limited e Commercial Vehicle Club Notes to the Financial Statements- continued for the Year Ended 31 Dember 2024 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVIIIES- continued Unrestricted Restricted Total fund funds funds Charitable activities Charitable Activities 11,540 11.540 Total 11,697 11.697 NET INCOMEI(EXPENDITURE) (767) (767) RECONCILIATION OF FUNDS Total funds brought forward 10,283 10.283 TOTAL FUNDS CARRIED FORWARD 9,516 9,516 11. TANGIBLE FIXED ASSETS Fixtures and fittings Plant and machinery Motor vehicles Totals COST At 1 January 2024 and 31 December 2024 1,207 1,634 7,472 10,313 DEPRECIATION At 1 January 2024 Charge for year 1,006 40 1,596 7,332 28 9,934 75 At 31 December 2024 1,046 1,603 7,360 10,009 NET BOOK VALUE At 31 Dember 2024 161 31 112 304 At 31 Dernber 2023 201 38 140 379 Page 13 continued...
Ulster Vinta Limited e Commercial Vehicle Club Notes to the Financial Statements - continued for the Year Ended 31 December 2024 12. STOCKS 31.12.24 31.12.23 Closing stock 2,046 2,074 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Prepayments 399 399 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other creditors Accrued expenses 40 445 40 385 485 425 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.12.24 Total funds 31.12.23 Total funds Unrestricted Restricted fund funds Fixed assets Current assets Current liabilities 304 12,230 485) 304 12.230 379 9,562 12,049 12,049 9,516 16. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 9,516 2,533 12,049 TOTAL FUNDS 9,516 2,533 12,049 Page 14 continued...
Ulster Vinta Limited e Commercial Vehicle Club Notes to the Financial Statements- continued for the Year Ended 31 December 2024 16. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming ReSoUrS Movement resources expended in funds Unrestrided funds General fund 13,467 (10,934) 2,533 TOTAL FUNDS 13,467 10.934) 2,533 Comparatives for movement in funds Net movement in funds At 31.12.23 At1.1.23 Unrestricted funds General fund 10.283 (767) 9,516 TOTAL FUNDS 10,283 9,516 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 10,930 (11,697) (767) TOTAL FUNDS 10,930 11,697) Page 15 continued...
Ulster Winta Limited e Commercial Vehicle Club Notes to the Financial Statements - continued for the Year Ended 31 December 2024 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Dernber 2024. Page 16
Ulster Vinta Limited e Commercial Vehicle Club Detailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations and legacies Donations Membership 86 3,168 238 2.911 3,254 3,149 Other trading activities Merchandiselmagazines 265 140 Charitable activities Run Outs Dinner dance Raffles Contribution from members 8,033 1,475 440 5,086 1,260 605 690 9,948 7,641 Totsl incoming resources 13,467 10,930 EXPENDITURE Other trading activities Opening stock Closing stock 2,074 2,046) 2,231 2,074) 28 157 Support costs Governance costs Insuran Postage and stationery Accountancy fees Room Hire Hotels & Restaurants Motor expenses Bank Fees Charitable donation Sundries Shipping & Transport Carried forward 870 706 505 250 6,896 1,526 62 844 906 490 500 4,933 1,329 77 1.400 16 967 11,446 10,831 This page does not form part of the statutory financial statements Page 17
Ulster Vinta Limited e Commercial Vehicle Club Detailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 Governance costs Brought forward Plant and machinery Fixtures and fittings Motor vehicles 10,831 40 11,446 50 28 35 10,906 11,540 Total resources expended 10,934 11,697 Net incomel(expenditure) 2,533 This page does not form part of the statutory financial statements Page18