Charity iEgi£tered nuniber- NICI 02756 HMRC Cliarity registered nuiiiber- NT00498 Lisburn Racquets Club Accounts for the year ended 31 March 2024
Lisburii Racquets Club Ac¢ountsfor theyear éitded 31 Murch 2024 Contents Page(s) Refer¢nie and adiiiinTftrative d¢lails of the Charity, Truslees and Adviser Tru>te¢S' Teport Independent aiiditors. report ststeiiient of fu¢1a1 activities io Balaiice sheet Cash flow slat¢i)i¢iit 12 Notes to the aii.oiints ASM
Li,burn Racquets Club Accouiitsfor tlie ygor ended 31 March 2024 Page I Reference and administratlve details of the Charity, Trustees and Advisers Management Committee Trustees David Mcclay (Honoi'ary Chairnian) Philip Wariiock (Hoiioi'ary Treic ler Grk]l)èin Heiiderson (Hoi)orary Seir¢tary) Jeff K¢aroii June Fahy L¢slit Clegg Doug WatLin Kcn Moore Sttiart Lightbcdy (rtsign¢d Sept¢inber 2023) Stephen Calow (rcyigued April 2023) Wesley Shaimon (Trn¢tee ChairiJan) Saiidra Orr (Tniqtee Se¥relary) DaTrid Mcclay Jiilie McHeiiry Nicky Kirk Steplieii Orr GTaliam HenderiLin (resigned SepteinLier 2024) Jeff K¢aion (fi>igned Septeiiibe.r 20?4) Kcn G¢Ll1'ge Nixon (i'esigned Septeiiibcr 2024) St¢ph¢i) Calow (LCSLgiied April 2023) Registered officelPrincipal address 36 Belfat Road Ltsburn Co Antrini BT27 4AS Registered auditors Bankers ASM (D) Ltd AIB 35 Univer%ity Road Belf,i%l Co Antrini Chartered Aiioiinl8llt8 79 Cuiiiiingliains Lane Duiig&lllllOII Co Tyrone BT716BX BT7 IND Solicitors Charity Registered Number jose.ph Lovkjiart & Sons B<l¥lielors Walk Lisburn Co Antrim BT28 IXJ NIC102756 HMRC Charity Regfistered Number N100498
Li.¥burii Racquets Club
Accoiiiitsfor theye4Yr eitded 31 March 2024
Page 2
Trustees, report for the year ended 31 March 2024
The Tru>ltt$. pr51]l their ai)nual i'eport aiid audited aiioiints for the yLar ended 31 MaiLlI 2024. The Trugte-
hawe adopted ihe pro1510118 of tlie Chai'ilies Act (Norther]i Irelaiid) 2008 as aiiiei)ded by the Clidrities Act
(Northeni Irelaiid) 2013, Ihe Charities (Acioiinls and Reports) Regulalioiis (Northern Ireland) 2015. the Chaiities
Act (Nordiern Ireland) 2022 and the AiLounling and Reporting by Charities.. Sialeineiit of Rei.oiiiiiieiided PidknliLe
applicable to cliarilies preparing their aLLoiints in aiiordcillbe Wlth the FinaDuial Reportiiig Siandard applivabl¢ in
the UK and Republic of Ireland (FRS 102) leflekntive l Janiiary 2015) (Charities SORP (FRS 102)), thi FinAlluial
Reportiiig Standard appliiable in the UK and Repiiblic of Irelaiid (FRS 10?).
Reference and administrative details of the Charity, Trustees and Advisers
Lisbuiii Raiquels Club is an unincorporated cl)arity aiid does not liape a sl)are vapital. The refei"¢i)be aiid
adniiiii%lriitive detai15 of the Cliaiity, TrufiltS aiid Ad istis are li%led on page l. Chai'ity stattis was aihieved on 4
Febary 2016 with tl)e Cliarity Coiiiii)isqioii for Norilitrii Irelai)d ai)d on 21 Marbli 2016 with HM Revci)Iie aiid
Ciiqlonis.
Structure? governance and management
L1$bin Rai-quets Club is a charity that exiqts to provide fac&lilies and an eni'iroIuiieiit for the proinolioii aiid
adTranceiiieiit of ainaleur raLL]Liels sports aiid other sports that ii
Lisburii Racquets Club Accouittsfor theyettr elided 31 March 2024 Poge 3 Trustees, report for the year ended 31 March 2024 (cont'd) Induction and training is provided via on the job tiaining by the existing Chairman aiid Board of Trustees with a vitw to the hiblory,baik81'OIILid of the Cliarity and its visioivaitns aiid Pdlso lo dis¥iiqS expeil(Ilions re role and wliat th6y cali bring to the Cliarity. Bawk-grouiid copies of mee.tings and the Conilitutioii ai)d otl)ei' releN-ant dovuiiienlatioii are provided. Objectives and activities The priniipal akntiwilies of the Charity are unilianged from last Jcar and are th¢ pion)otion and ada1)Venient of amalcur sports and in particular ratyqll¢t sports. The objeLts of the Charity al'e: a) To pi"oimole ai)d ¥llioiirage the playing of raiquet sports b) To pi"o]note alld en¥ourage int¢re>t in 8POrt in gciieidl, but in particiilar ra¥quels spoits ]d to oi'g¢tnise Soiial aiid reirtalioi)al faiilities, eiilei'l&iiiiii¢llts, funclioiis, sport meetinos, leilutes, fllins and all other sucli a¥livitÈes atkd sports or gttnii.s as the Charity inay deiide oil behalf of tlie nieiiibers. ) To Supply fiThLThd alld rtfresliiiieiils to menibei's aJ]d other visitors and generally to atford the meiiibeis all tbe privilegkns and adTrantages of a cliarity. The objeknls include ¢slablishii)g. maiiaging and conducting a sports ¢lub to proniote the playing of badininton, sqi?ash, tennis, table tennis aIid otliei" similar spoi.ting pursuit5 and provide ii)%lniknlion, tuition, conpeiiieiices, sports. ganies ai)d recrcatioiis for nienibers and visitors. The purposc aiid ai1115 of tlie Cliarity is to coi)tribiite to the life of the Ioial coIniiiunity by prolding a friendly, sporting and Souial eiiviroiiiiient, open to all. Whei'e people of all agknS niay Soiialise. exeriise aiid be helped aiid eLliouFaged to play a wariety of sports lo their own level of liidilduaI laleiit. Cunifort aiid ainbition, includii)g piow'iding the opportunity to rcprcsent the cliib aiid Noi'ihern Irelaiid, Ulster and Irelaiid coilipetitieIy. All pro&"ided at a cost that is affordahle and gives goi)d alue and wiiliin an enpironii)enl of first cla%S facilitie>. The stiategy of the Charity in 2024 was to continiie with Ihcse objeuts and a¥livities and to develop fiirilier the aaa1]cell]el]L of aiiiate,ur sport. In the fInanla1 year ending 31 Marbli 202), Ihe slrldtegy will be to continiiL. lo biiild on th¢ strong results and alIVitY levels reknorded in 2024 with activity and participaiion in an)ateur sport inifvcgf ing. Public benefit The Tnistees and Managei)iet]t Coiiiinitie¢ b¢li¢v¢ that the Charity provides a public benefit in a nuiiiber of" waj's aiid liiiist obviously tl)rough ils efforts to proniote the adaLe1]Ient of anialeur sport. Thc Charity's niain purpose is the addi]l.LIIl11t of raiqucts sports and oihcr SPLli"ts Ihal iiqe the faiililics. These bodies or individiials ii¢e the Charity's faiilitics for the piirpoSiS of *dAni71]g that partiLiilar spoit or gdnic and by promi)ting liealih throiigh pbyslknal e.Kertion. All ii<trs of tbe Charity art aillalcur and the fallItiCS are aiailable withoiit rebtriclion to all meiiibers of the public. The facilities of the Cbarity have beeii Usid extensively dliring the yknar by meiiibers and visitors for the adTrallceiiieiit of ainaleiir sport aiid this is furtlitr desil'ibed in the 'Ac.hieveineiits alld perfonDtince' seition of this report. While there is alwdj's a ri%k of injury Ihroiigh the participation in aiDaleur sport, that risk is generally low and the Charity has a stroiig history of mininial accidetits and injuries revorded at the Charity by its u%ers aiid coiiiplies with all Health & Safety requirenient%. The Trustees coiifinii tiiat they Ilawe had due reTrard to guidankne produitd by the Chaiity Coninii%%ioii and Ilial the Chaiity kontinues io nie.et ilie public beiiefil reLiuirèiiieiit. The Trusl¢LS hat read <eL-lions 32, 33 aiid 34 of the Cl)arilies (Aciounts aiid Reports) Regulatioiis 2015 aL]d confirni the Charity Trusl¢es liaTre coinplied witli the duty lo haTre rebiai-d lo the guidAnkne i<%ued by the Coiiimi%%joii under 8eition 4lb)' (the public beii¢fil reLiuifrincnt sldliitory guidfftnie) to eii<ure that the aLlivities have helped to aknliieve the Cl)arily's pury)Q5Ls aiid p1-olde a beiiefit lo the beiieficiaiies. Exemptions fi'om disclosure The Cliarity has not aalled of any exeiiiptions froin discln4ure. ASM
Li.¥biirn Rocq14ets Club
Aecoiiitlsfop tkeyear ended 31 March 2024
Page 4
Trustees, report for the year ended 31 March 2024 (cont'd)
Achievements and performance
The Tniqlees Tepori on a y¥ar that Thas one of Ilie highest lefvels of aitivity and participation at the cliarity ai)d
faLilities. Visitor bookii)8s aIid nieiiibei'bliip are al 501I)e of the higliesl levels ever Sitii. Tn the finaniial Jknar lo 31
Marili 2024, the Charity perforiiied well giveii the iiiflAlion iEiiE)aknt 01) iiicrL2%ed COs1s, in partityular wagkns and
energy Coils. Following sigiiifiiaIit expeiidilure in previoiis yuars on the fabric of the biiilding, the curreiit year has
setii reduced Lapltal spend, with new g2< s healers foi. 2 sqiiash courts ai)d ionie b1L r eqiiipiiient replac.eiiieiil. Tlie
Triigtees believe the preinis15 are in the best coiidilion they have beeii for niaiiy years.
In prior earS the Tqt¢S and Manageii)eiil Cominiltee established a multi-tar plan with Thorking groups created
to foc.us on key areas of rhe Charity so as lo achieve nieai)ingful pi'ogre%S on the¥e aiiiis 0"tr the nexl nuinber of
yiai"s. The5 key aruas are facilities iinpruvuiiient, inforiiiation teihnology, proiiiotion and advertising of
nieiiibei sliip and vibitor serviLis and SLliial akntivities. During the year s0)ii¢ progri>g w'as iiiade on thL-se arknas by
the workiiig groups and thi-se reIiiain areas of fiTri-iis foi- the kn01i1inb y"eai"s.
The Charity has been d¢>igL)ated as The National Badniinton Ceiitr¢ by tht GoTrerning Body wlio ii¥e it for their
collipetitions and training. Siiiiilarly netball use it for trc?iniiig their elito playei's and for thell. Dikibion I leagu¢
iiialuhes. The Charity is honie for S¢[&1 iieiball and baiketball teains ]d cliibs ld the UlbleT Badminton League
play their leagut niatuhes at the premiseg. Some Ioial scliools iise the Charity for their P.E. cla.%4es of netball and
badlt0 in the aftemooDs and for their inler-siliool ionipetitions irL thiSL spiorts.
The iiiain hall has 900 ble2i.li¢r seals aiid has beeii Dsed SULLL5£1IY for iiiajor piibli¢ised eveiits in badniinton,
table tei)iiis. netball, ba;ke.tLiall, taekTh'ondo aiid judo. In aLqditioii, a nuiiibLr of Iokal citiz¢iis play 5-a-side football
aiid also soiiie boiik courts for an OCChNional ganie of badniinlon, leiuiis or 8qua%h. The go.emil]g bodiis of
Badiiiinton and Table Teiinis reiil offi¥¢S al the Charity facilitie>. The Chai'ity also reiils ils lounge for varioiis
acti itits Sil¥h as Bridge, Yoga. Daiityiiig, Sal%d and quizzts. The loiinge is alNO u%knd for ineinber aiid visitor social
engageii)eiits as well as a signifiiaiit nuinber of cliai.ity ftind Idising eveiils.
Going concern
The Charity h88 had a SULLe%fUl year in relatioii to growlljg nieinbeiship aiid income at lle-1Y all lew"els. In the
riiiaii¥ial year ended 31 mcifh 2024, the Charity pejforijied well giveii the iiiipact of inflation alld in¥ieii
Lisburii Racqiiets Club Accoiinlsfor theyear elided 31 March 2024 Page 5 Trustees, report for the year ended 31 March 2024 (Cont'd) Environment The Charity" ie¥otsllisii Its rLsponsibility to catry out ils cliarilable operations whilst iiiiniiiii%ing envii'oniiieiilal iii)pauls. The Tn]8teib iolltinuid aim is to comply with all appli¥able eiiviioiiiiieiiial legislation, prevent pollulioii aiid reduue wa>1¢ wlJ¢r¢trer POJbible. Health and safety The Charity is coiiiiiiitted lo achieving the highebt practlknablc sldl)daids in health and safely manag¢iiiei)t and strives to Iiiake all sites and offieS safe en'IrOnMei)tS for eii)ploy¢Lb and vi%ilors alike. Humjn resources The Cl)arily's iiiost iiiiporlanl ruNI)urce is its people; their knowledge and exptyrieii¥¢ is crucial to nietlii)g Cliai'ilable ObJetiVes. Reteiitioii of k-ey staff is criliual aiid the chai.ity has ini"¥(ed in eiiiployineiit training and developiiiei)t. Volunteer5 The Charity believes volunteeriiig is a vilal and integTdl part of V4 hcalthy Soi iety- the Charity has depended on the contribution of 0]UnteerS for niany y'¢di's ai)d would like lo exprcss our thanks for the conlTibulion tl)ey iiiake lo the many akntitrities of the Chai'ity. Voluntuerb for the Chai'ity priniaiily relate to the TriisleLS, Man&geinent CommitleL and meinbtlb of riolIs oiher sportiiig and siib-c.oirnnilt¢iS who fv"olunlccr Ibeir linie and effoits for inany hoiirs duriiig the yi-ar. Plans for the future The Chaiity has a iniilti-year rolling fabilities iiiipruTrenieiit plan siibje¥t lo Funding. The Charity hds plaiis to iIiiproTre th¢ playing swfaiei, gjiii facilities. aiid conliniie iiiipi'oving the eneigy effiiieiit lightiiig of the Charity within the iiext few year8 thtLiugh LED light replaienient aiid llltyrealed >iilar pIe15. AddiliL)iial iniproveineiits to the lowige area, cliaiiging rooini and rttii)ainiiig disabled facilities reijiain as Inore loiig terin plans. Our aiiibition is to inake our fa¥ilities aiid coa¥hing expertiqe as widely aaIlable as PL)*sible, aiid the Charity is coiitinuinE to foi.us on childrcii's aiid diqabilily ailivities. In this next Jear the Charity will focus on driviiig iiicreasLd participation at the preIiiiscs owiied by the Charity. The Cl)arity al%0 aiiiis to Inaintain its po.4ilion as a key Prolder of sporting and liealtli and fitness services in tlie area. The TruRlees will coiitiiiue to regulai'ly rek'iew risk polivi¢S aiid Initigatioii slr¢tlegiLS. While the Charity lias solar pai)tyls on ils i.oof and some LED lights, thc Charity plaiis to ru.)ew thiskn to coiisider could inore Teknycling fauililies and grc611 enti.gy be ulilised within the fai ili(y aiid as noted aLiotre, will foi-us on continued ii)Iproveiiieiit in eiiergy efficieiit lighting in tbe sliort leriii. The Charity has 1nipleitnted a mulii-yknar strategic plan to eii.%ure ils objectives. facilities and activities r¢inain rele.ant and nieet the needs of the Ioial coniniunity. The current sli ategic plan will bc siibjeknt lo furilier reTr"iew by the Tnistees and staff and LOllsiill&lion with ineiiibers, visitors and other loal sliik¥l)olders. The plan include> review of fatyilities, infonnation tevl)Dology, promolion and adertIling of meiiibership and Vi>ltor seTritywS to eii.%iire Ilie Charity has a foknu%ed approavh to futui'e fiiianie, dire¥.lion and deTrelopiiieiit. ASM
Li.hurii Racquets Club
Accoiiiitsfor tlieyedr elided 31 Mnrch 2024
Page 6
Trustees, report for the year ended 31 March 2024 (Cont'd)
Financial review
The acuounts are pre.stnted in th¢ staiidard foriiiat requir¢d by the Charities Act (Noriheiij Ire.laiid) 2008 as
aiiiended by the Charities Act (Nortliern Ireland) 2013, the Charities (AiLLiiinls and Reports) Regiilations (Northern
Ireland) 2015, th¢ Charities Act (Northtrn Ireland) 2022 and the Charitics SORP (FRS 102) and FRS 102.
Results
The mAin pun)oge of the Charity is the proTriston of sports facilities for men)bers of the piiblic to play their sports in
a well-lnaiitged enTrirolliiient. Iniorne is generdled by niei)Iber's siibsiriplions and froni the hire of fai ilities to
visitors. Th¢ Charity recoi'ded a siii'pliis of £37,431 {2023.' siiiylus of £151,017) for th¢ finaiiiial Jear. As the
Charity is a not for profit oi'gdl)iNalion, aiiy siirpliis is re-1n"ebted in llnproviiig the facilitieg of the Charity aiid used
to further proiiiote wid adkLe the partliipatioii in the sports iioing the fai.ilities. The Chftiity has iio debt with
banks but has beiiefitt¢d froiii loaiis froin meiiibei's aiid friends of the Cliarity of £1:150 (2023: £4,250) ]d a ts'ade
loai) of £1,94912023-. £1,949). Tlie cliarity beiiefitted froiii £3,100 (20?3: £116,375) of loai)s being W£iived dui'ii)g
the y.knar aiid doiiated to the Charity. For further del4ils refer to iiotes 12-13. Thei"e are no iiialerial unknertaii)ties
iiiipai.ting the Charity'g ability to continue as a going Coliiem.
Reserves polley
The Charity's polikny IS to r¥lain a level of fr¢¢ rknSilTr or g¢neral wliiih niatLI)cs ils needs at the LLirrtnt
time and in the forLSLcable fiiture. Free rLsLrves are thi)%e uiirc>lrikt¢d rCerLS not invL51ed in fixed
Li.shurn Racqiiels Cliib
Accouiitsfor theyear ended 31 March 20?4
Pagé 7
Trustees, report for the year ended 31 March 2024 (Cont'd)
Risk management (continued)
The iiahii'e of the Charity's faknilities alqo nieaiii that there will periodiially need lo be significant investnient to
ailliain and inodeillise the facilities in line with cliaiiging cusloni¢r expeiliilions. The Chat'ity Iherefoie needs to
eiibiire iliat there is a loiig terin robiiRt biisinecIo>e with Tia<oJ]&ble aLUraCY at aiiy tiiiie the
ruiaiicial Pilfltiou of the Charity aiid ell¢ible Ibelli to ei)Nive that the aLLOimiS coiiiply with the SORP wid the
Charities Act {Norlliei"ii Iielai)d) 20L18. They are al<0 rEbPOI)sible for safeguardiiig the a%%tls of the Charity aiid
heiice for takiiig reaboiiable steps for the preveiilion and deLeition offraud aiid other irre¥ulai'iti¢s.
Statement of disclosure of information to audltors
So far as eauh of the Truste¥S in office at the dale of appro1 of thi-se. acioiints is all.e:
there is no Tele.allt audit inforn)ation of which the Charity's auditors are wiaware. alld
they hawt take.n all Ilie sleps ihat they ought lo have tak'eii in ordLr lo make theiiiselves aware of aiiy rele.41]t
aiidit inforinalion and to ¥blabliqh that the Charity's auditors are aii'are of that infoi"Inalion.
Independent auditors
The auditors, ASM (D) Lid. hlc ve indiknaled tlieir willingness to a¥uePt 0}Ce, a]id a rknbolulioii c.oncerning tlieir
appoinlnient will be proposed al the Annual GeIieral Me¢ling.
On behalf of the Board of Trustees
Davi
Mcclay
Trustee
24 June 2024
ASM
Li.Fb14rii Racquets Club Accoiiiitsfor tlieyetsr ended 31 Mrtrch 2024 Page 8 Report of the independent auditors to the members of Lisburn Racquets Club Opinion We have aiiditLd the ai.i.ounts of Lisburn Raknqutls Cliib for thc YaT cndcd 31 Maiknli 2024 wliiknh comprise die statenient of finani ial ai.tivÈties, the balan¢ sheet and the related notes. Thcse avcounts have been prepared under the accoimting poli¢ies sel out Ih¢rein. In our opittioii the aiiLiiirkls'. give a trne and fair view of the slate of the Charity's affairs as ai 31 MarLh 2024 aiid of its inioniiiig resL)ur¢es aiid application of resoufieg, illLluding its il)i 011le and expeiiditure, for the tar Iheii eiidLd' haTre beeii properly prepared in ai¥ordaiikne with United Kingdoin G¢i)erally AiCePt¢d Aiiounting PratiLe. aiid haTre beeii prepared in a¢wordaiic¢ with the r¢quireinei)ts of the Charities Act (Northern Ie1]d) 2008. Basis of opinion We condiicted our audit in aciordaiice witb International Standards on Aiidiling (UK) (TSAS (UK}) and applicable law. Our responsibilities under tlioie standards are further dcbil'ibed in the Auditors. respoiisibilities for the aiidit of the aciounts Siition of our ieport. We are inde.peiideiil of the cliai'ity in ai.iOI"daiiie willi the eihiial i"LqUlI-emei)ts that arkn fLlknl."ant lo our aiidit of tlie aLiOUllts iii thkn UK. iniludiiig the FRC'5 Ethical Stindard ai)d we ha fulfilled oiir ethical rebponsibilitivs in accordankne Wlth IhLbb requir¢iiienls. We belie that the audit evidence we have obiain¢d is sufficieiit aiid appropriate to provide a basis for our opinion. Conclusions relating to going concern We hawe nothing to report in rtipe¥t of the following matters in relation to which the ISAS (UK) require us to report to Jou where.. the trustees, use of the goiiig concerii ba¢is of aicounling in tbe piep&r¢ilion of the aciollots is not appiL)pi"iate' or the trustecs have not disilosed in the aicounts any id¢.ntified inaterial unceitainlies that i)iay cast significant doubt about the cliarilies ability lo coiitinue to adopt the 8oiiig Collveni bagis of aiiounting for a period of at Icast t.elve moi)ths froin the date when the acLoiints ar¢ authorised for is>Ue. Other information The other inforiiiation coinpri>e.s the infonnalioii included in the Tnislees, repLirt aiid aviounls, other tlian the aiioiinls aiid our auditors. report thtreon. The Inibltes are resp)oiisible for the otli¢r ii)foniialion. Our opinion on th¢ a¥¥Ollllts does nol CO.er the otlier infori)ialioi) aiid, exiept lo the exteiit othenvise ¢xpli¢iily blliled in our report, we do not any fonn of asburdile coiiclusioii theieon. In ioiiiie¥lioii with our audit of tlie aLiounls, our rcbpoi)sibility is to read the other infoniiatioii ai)d. in doing <0, coi)bidor whether the other infoi'iiialion is materially illiOllSlqtei)t with the accounts or oiir kn)owledge obtained in the aiidit or othenviJe ai)pears lo be Iiiaterially niiqstated. If wc idciitify Sil¥h niaturial incon£i¥ten¥ies or appai.ent inatcrial niis%taleiiieiits, we ar¢ r¥quif¢Li to d¢l¢iilline wliether thei'e is a material mi%%thl¢iiieiil in thc aLLLiiinls or a niatei'ial mi8%latemcnt of tbe oih¢r infotniation. If, ba%ed on the work we kLave peifoiTri¢d. we concliide that there is a nial¢rial miis11ltenient of this other inforniatioll we are required lo report Iliat fllt. We have nothing to report in this regard. Respectlve rcsponsibilities of Trustees and auditors As explaine.d more fully in the Trustee's Respoiisibilities Stateuieiit b¥t out on page 7 the TiSt<S arc rebpoiisible for the prepaidlioll of the aiioullts whiib give a true alid fair view. Our rvsPOL)4ibility is to aiidil aLid expre>) ali opillion oil Ilie aiiounls in aiiord¢iiice with rele1t legal alld i'egulalory requirenitnls and Inteniational St&iidards on Auditiiig (UK aiid Ireland). ThL)se slAiidaids reL]IIiTe us to coiiiply with the Aiidilillg Praitices BLThard's {APB's) Ethiial Standards for Auditors. ASM
Li.¥hurii RaLquets Club Accouiitsfor theyear elided 31 March 2024 Page 9 Report of the independent auditors to the members of Lisburn Racquets Club (cont'd) Respective responsibilities of Trustees and auditors cont'd We rcport lo yoii our opinion as to wliether the acii)unls gifve a true and fair view aiid are properly prepared in aCc.ordanc with the Charities Act {Nortl)ern Irelaiid) 20o)8. We alqo report to you, if in our opinioii. Ilie Charity has not kept proper a¥¢ountii)g records or if we ha¢ iiot reLeived all t]ie inforiiiation aiid explaiiations we re(]uire for our aiidil. This report is niad¢ solely to the club's meliibers, as a body, in aiiordaiive with the Cliarities Act {Northern Ireland) 2008. Our aiidit work has been undeitakeii so that we might state lo t]ie Charity's nien)berb ihilse niatterb Ie are reqiiired to slate to them in an aiiditor" s r¢port and foi. no oih¢i' pury)ose. To the fiillcsl ¢xl¥nl peiiiiitt¥d by law, we do llot aciept or a<%ume reaPOJ)qibility to anyolle other the Chsu-ity aiid the Charity's rneinberi as a body, for otir audit Iwoi'k. foi this i-eport, or for the opiiiioii we have fomied. Af-[b)LkJ ASM (D) Ltd Chartered Accountants and Registered Auditors Dungannon Date: J ASM
Li.sburii Racquets Club Accouiitsfor tlieyeftr elided 31 March 2024 Page 10 Statement of financial activities for the year ended 31 March 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2u23 'otes Income from: Chaiitable activities Doiiatioiis Capital gi ¢lJlts Otlier tI'ading activitli-s Total incoming resources 493,564 3,100 493,564 3,100 416,673 126,756 15.500 97,960 656,8S9 117,898 614,562 117,898 614,562 Expendlture on: Charitable activities Oth¢r trading activities Total expenditure (490,973) (86,158) (577,131) (490,973) (86,158) (577,131) (435,685) {70,187} (505,872) Net income 37,431 37,431 151,017 Transfer5 bete¢n fund5 Net mo*ement in funds 37,431 37,431 151.017 Reconcillation of funds: Tcilal fuiids broiight forwai'd at l April Total funds carried forward at 31 March 1,036,166 1,036,166 885,149 1,036.166 14 1,073,597 1,073,597 All aniounls aboTre relate to continuing operalioiis of the Chai'ity. The slaten]ent of f]Cial autivitIs Thas aPproed by Ilie Tru.%le¢s on 24 June 2024. Signature: Trustee- Davld Mcclay ASM
Li,sbiirn Racquets Club ALcoiiiilsfor the year elided 31 March 2024 Page 11 Balance sheet at 31 March 2024 Notes 2024 2023 Fixed assets Tangible fLK¢d %b¢ts 1,015,403 1,015,403 1,034.637 1,034,637 Current asset5 Stl>iks Debtors Casb at bank aiid in hand 9,307 34,421 60,795 104,523 9,796 35,382 10,303 55,481 io Current liabilities Creditorb.. nOlintS falliiig due within oli¢ year Net current a$sets 12 (46,329) 58,194 (53,952) 1,529 Tot81 aqsets less current liabilities TotAI net assets 1,073,597 1,073,597 1,036,166 1,036,166 The funds of the Charity Total unruslricled funds 1,073,597 1,036.166 Total cbarlty funds 14 1,073,597 1,036,166 The foregoing balaiiue sheet was approved by the Tru%lees on 24 Ju]ie 2024. Signature: Trustee-DavRd Mcclay ASM
Li.fbiirn Racquets Club AiLOlllltsfor theyértr elided 31 March 2024 Page 12 Cash floiv statement for the year ended 31 March 2024 Notes 2024 2023 Cash flows from operating activltles Net cash geneiated from operuling Atytitritics Caqh flow from investing actlvities Purknhas¢ of laiigible assets Net cash used in investing activities Cash flow fi-om financing activities Repayiiienl of loans Net taqh llsed in financing actlvltles Net incre2sel(deLrease) in cash and cash equivalents Cash and cash equivalent5 2t beginning of the year Cash and easb equivalents at end of the year 17 62,587 42,812 (12,095) (12,095) (74.234) (74,234) (6,275) (6,275} (37,697) 48,000 10,203 50,492 10,303 60,795 'ASM
Li.¥biirii RaLqiiets Club Accoiiiitsfoy theyear eitded 31 March 2024 Page 13 Notes to the accounts Statement of accounting poIicies The following aLLounting polibies have b¢en Ljsed conqislently in dknaling with itenig wliich are uoiisidered Iiialerial in relation to the Charity's a¥i.ounts. Ba.ii.s ofpreparaliort The ac.counts h&Tre been prepared in aciordankne with the Fiiianuial Re.porting Staiidard applicable in the UK and Republic of Ireland (FRS 1021, the Aiioiinting aiid Reportiiig by Charities.. StalLiiieiil of ReLomniended Pi¢lkntltye applicable to chariti¢b prepai.iiig their aiioiinls in acLordai)ie Wlth the Finaniial Reporliiig Staiidard applii-able in the UK aiid Rei)iiblic of Ireland (FRS 102) (effeilive l Janiiary 2015 - (Chaiitiei SORP (FRS 102)}. aiid the Charities Act (Northern Iielaiid) 2008 as aiiiended by the Cliarilies (AuLounl.s aiid Repoi'tb") RelIatIonS (Northern Ireland) 2015. Lisburn Rabiiuels Club nieels the definition of a public entity urider FRS 102. Ass¢ls and liabilitiei are initially recogiiised at historic.al cost or tr(Ill%dtytion unless othenvise stated in the reletrallt aicoiintiiig policy. RecoiicEliatioii wiih previous GÈnÉrally Accgpted Aicoun¢iiig Practice In preparing the.se aLLOUnts. the Trusteus liave coi)sidei'ed wl)eiher in applying the ac¥ounting poliiies required by FRS 10? atid the Cliarities SORP FRS 102 the rLslal¢nieiit of coin[)ar¢ilive ileIiis wai required. Jnioniiiig resourcés All iiiconiing r¢suufbCS al'e in¢luded on the SialLlllCI)t of Financial Act1.1t1eS wlien the Charity is legally entitled to the ii)i.omc, where thei'e is reasiinable iertainty thmt the resC)Il[e will be reieived and wli¢r¥ the Tnoiiclary Traliie be qiiintified with raOnable ai¥uraby. Charitable aLlivitie,* Iiiuome is included in the stafrincnt of fLnai]iial activities on an 2LLrnals basib and net of VAT where appliiable. IIiiLime is mainly derived fi'oni siibsil'iptions and iniiiiiie fi'oiii oth¢r users of the facility. Incoining re>oufk¢S are d¢fetred wh¢re sub5ciipIRon income is reieived in rcJpeit of futurL Pbiiods. Voliintary iiicome Gifts, bequebls and donations inknonie is rei ognised when reicivable. Doiiations illiOm¢ by way of donations is included in 11 ill the Staleniellt of Fllianiial Activities iii the year in whityh they ar¢ Tec¢iwable. Governffiént ond tstlier graiits GrltS that relate to specific Capital ¢xpenditur¢ ar¢ credlted to the Staleiiient of Finaiiiial Activilies wheii they are leie1.ab1e and traiisferttd frotn designated ri.iurves to general reserves in line with tlie depr¢iiatiou reLe<1C of the equiTralenl fixed as<et. Gi'iuits that relate to reveiiue expeimliture al'e credited to ttje Ui40111¢ ]d expeiiditLll"e 8i¥ounl ofver the period that the reveiiiie expeiiditure relaies to. Irtve.stnient inconie InvtslEiieiil ini.omt is included when rcknciTrable by the Charity and con%i.%ts of bank deposit interest Th"liich is included in the slaleineiit of ftnaii¥ial akntifvities on a receifv'able baqis. Jncoviefroni other tradiiig activities Turiiover is the aiiiollllt derived from the pro"15101) of goodb aiid services within the ChAI'ity's ordInY aLtivilie after tbe dediictli)n of value added lax. TLLflloper. which excludes valiie added lax. i'eL)rtiellls tbe Tralue of goods ]d s¢r¥l¥es supplied. ASM
Li.sburn Rrtcqiiels Club
Accoiirt¢sfoY theyear éAded 31 Mareh 2024
Page 14
Notes to the accounts (cont'd)
Statement of accounting policies (cont'd)
Resources pended
All expenditui'e is aiiounle.d for on an abcflials bci*iS and has been claNsifièd iindLI- headings that aggrebiile all LL)%lb
related to the cat¢gory. Where co
Li,gbiirn Racquéts Club Accoiiiitsfor the ygar énded 31 March 2024 Page 15 Notes to the accounts (collt'd) Statement of accounting policies (cont'd) CoNcei.Yionary lodiis CoiicLqqiollary loaI)s r¢¥eived by the Charity Are meaqured &t the aiiiount r¢ieÈtred. Fund aiiounting All funds reeted are ui)I.i%trited in use and are ¢xpeiidable al the disretIon of the Trnsl¢ib in furthciance of the obje¥liw¢> of the Charity. The Charity accounts for funds as follows= Re.strictgdfunds Reslric.ted funds are to be LiR¢d for speknified purposes as laid down by the donor. Expendihirt w111h nieels thtst crileria is identified to the fund, together with a fair alloi.ation of overheads and support Costs. Geiierulfunds Genural funds are donalioiis and other iiiLLThiiiing r¢NL)ufiiS ree1Ved or gcneEklted which 'e expendable at the di>ifilioii of Ihc Charity in further]¢¢ of ils objeitives. De&ixnakedfunds Desigiiate.d funds comprise capital gr¢mts that hae been e._Kpended for their r¢611"icled piirpose and Iiave beeIi transferred to gelleial ftuids. Siich desigiiaied fiuids are then released to gei)eral fwids otrer tbe useful life of the a45¢1s. Income from charitahle activities Unrestricted funds Restrlcted funds 2024 Total funds 2024 Total nds ?023 2024 Menibeis siibSiriptions Vis&lor bookiiigs Tennis coaknl)ing illCOD]e Rellt of offiie spia¥e by 5POEts bodies Sport NJ grants Li<burn & Caftlercagh City Council grai?Is Offikne iosts rei.liarged to sports bodies Storage rcntal Sports hall advertising iiicoiiie Solar paiiel incoiiie 229,187 219,398 12,000 23,320 944 229,187 219,398 12,000 23,120 944 184,6?3 182.461 9.650 21,236 11.630 2.070 1,013 3,500 1,190 3,012 493,564 1,013 3,500 1,190 3,012 493,564 3L)O 2.703 416,673 Income from other trading activities Unrestricted funds 2024 Restrlcted funds 2024 Total funds 2024 Total funds 2023 Sliop sales Bar sales Fuiictioii hire inioiiie 78,787 39,031 80 117,898 78,787 39,031 80 117,898 57,903 40.057 97,960 ASM
Li,wburit Racquets Club
Atcoiiittsfor ilieyear ended 31 March 2024
Page 16
Notes to the accounts (cont'd)
Charitable activities expenditure
Unrtstricted
runds
2024
Restricted
funds
Total
fund5
2024
Total
nds
20?3
2024
Wages and salaries
Repairs aiid maintenanie
Electricity
Gas
Rates
Sports goi'eming bodies affiliation and
matknh fecs
Inlen)al trophie.s and tournan]ellt Costs
Shuttles and balls used
Admini
LLfb14rn Racquets Club Accoiiiitsfor theyeur ended 31 March 2024 Page 17 Notes to the accounts (cont'd) Employee information 2024 2023 Staff costs: Wages and salaries Soiial 5C.knurity co$ls Other pen%ioll Ccbqls 231,064 11,426 3,974 246,464 200.731 11,981 3.606 216,318 2024 2023 Nuiiiber Number The awerage monthly number of persons ¢mplo>ed by the Charity during the year ivas: Full tillie slaff Part tiiiie staff 21 24 30 27 By activity: Chai'itJLile abtiviti¢s Other tt'ading activilies 21 24 27 30 No esiiployètys fall in t]nolunieiils baiid over £60,000 (2023= £60,OuO none). The TrLi%lees rekneiTr'ed no reinuneliifion, no benefits in kind and iio relliiburseiiieiit of expense> during the y¢w- (2023: £Nil). Subscriptions 2024 2023 Number Number M¢Jiibcrs 800 6Y8 Fixed assets Freehold land and Fixtui'es buildings And fittings Tennis courts and dome Total Cost At l April 2023 Addiliolls At 31 March 2024 846,410 4L9.L14 12,095 431,209 208,401 1.473,925 12,095 1,486,020 846,410 208,401 Aeeumulated depreciation At l April 20?3 Cbarge for the year At 31 Mareb 2024 315.179 18.743 333,922 124,109 12,586 136,695 439,288 31,329 470,617 Net book value At 31 March 2024 At 31 M2Ttyh 2023 846,410 846,410 97,287 103,935 71,706 84,29? 1,015,403 1,034,637 .ASM
Li.fb14rn Racquets Club
Accoiiiilsfor iheyear elided 31 March 2024
Page 18
Notes to the accounts (cont'd)
Fixed assets (cont'd)
Land and biiildings ¢on
Lishiirn Racqiiets Club Accoiiiitsfor theyÉar elided 31 March 2024 Page J9 Notes to the accounts (cont'd) 12. Creditors: amounts falling due Ivithin one year 2024 2023 Amounts due within one year Acknrued costs aiid def¢rrtd iniome Deferred meii)b¥rs siibsuriptions Loaiis (note 13) Otlier tmies and Sobial'seiurity 34,816 7,750 3,099 664 46,329 36,482 9.5QO 6,199 1,771 53,952 Deferred members subscriptions: B8lan¥e as at l April 20?3 Ai]]ount released lo iniome earned froni cliaiilable ai.tifvities Aniollnt deftcd in year Balaiic¢ as at 31 Marih 2023 9,500 (9,500) 7,750 7,750 7,000 (7,000) 9.500 9.500 13. Loans 2024 2023 Loans- Trade Loans - Meinbers and friends 1,949 1,150 3,099 1,949 4,250 6,199 Maturlty of debt: Le%S than oiie year, or on demaiid 3,099 6,199 There is a trade loan r¢paJ'able to Teiment Caledoiiian Breweries UK Limite.d a subNidiary of C&C Group PIC of £1,949 (2023.. £1.949) whiih is reduied each yt.ar based on purihases by the Charity. Loans froi)I Iiieiiibers aiid friei)ds include interest free loans of £1,150 {2u23.' £4,250}. These loi& ns haTre no fixed repayiiieiit ternis aiid as such hawe iil¥ludknd as repiajable within one year. howetrer there has be.en i)0 indiK.ation that aiiy ainount is expeited lo be reknalled in Iliat tin)e. /.ASM
Li.fburn Racqliets Club Accoiintsfor theyedr ended 31 March 2024 Puge 20 Notes to the accounts (cont'd) 14. Analysis of net assets between funds 2024 2023 Unrestricted funds Taiigible fixed ass¥ts Net L1*sels 1,015,403 58,194 1,073,597 1,034,637 1.529 1,036,166 Gr¢lnts i'ekneived to fiind Lapital expenditur¢ air tt'dn4feNcd to designatcd fiinds froin rLstrivl¢d fiinds when expended and then releasid to genejal funds 0er ihe rclated ass¥ls' useful life. 15. Pension commitments The Charity mak-es contribiitions to a defined. c.oiitribiition scheine. tbe ts55its of the Sihcme being held >ek)ai"atcly froni the aqsets of the Cbarity. The peiision CLlit charge repi'tsciils coiitribiitioiis pa)"able to the schellie aiid nountcd lo £3,974 (2023= £3,606). No coiitribulionb (2023.. £Nil) wtie paJ'abl¢ to thc gcheiiie at the >'iar end. 16. Related party transactfions and ultimate controlling party There is no one perion is the uliiniate coutrolling party ot the Charity, but colleutiTr¢ly the uliiniate coiiti"olling parties are the Tn]steek. 17. Reconcfillation of net movement in funds to net cash flow from operating activities 2024 2023 Nel MOtille1]t in fuiids Depreciation 'altr of loan balances MoTr"¢tLlCllt in inTreiilory MoTrell]ellt in debtors Motil]ent in creditors Cash flow from operating activities 37,431 31,329 (3,100) 489 960 (4,522) 62,587 151,017 (116,375) (1,646) (11,081) (£ 687) 42,812 18. Analysis of changes in net debt At l April 2023 . Non-cash At 31 March changes 2024 Ilow$ Ca8h at bank and in hand Loans- Trade Loans - Menibcrs and fri¢nds Total 10,303 (1.949) (4,250) 4.104 50,492 60,795 (1,949) (I,Iso} 57,696 3,100 50,492 Non-cafli clianges relate to the M.'aiver of loaiis from meiiibers alld frieiids. ASM
Lifbuni Racquels Club Accoiiiitsfor theyefir elided 31 March 2024 Page 21 Notes to the accounts (cont'd) 19. Taxation The Charity is a regislLI'ed cliarity ai)d as Sllknh is eiiliiled to knertain tax exeiiiptions on incoine and profits fioill investiiients, and surpliisis on any trading atylivities Larried oi) in furtlierankne of thc Club's priinary objebliwes, if these profits and siitpliises arl 2pplied solely for ¥liarLiable purposes. 20. Contingent liabilities There is a coiitiiigei)t liability to repay iertain goTreniment grants if the Charity fails to honour certain undertakings and ioniii)itii)ents. In the opinioi) of the TnLsI¢LS the leniis of letl¢rs of offer have been coiiiplied with and no10sS is aiitiCiP8led. ASM