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 ￿l￿er Grk]l)èin Heiiderson (Hoi)orary Seir¢tary) Jeff K¢aroii June Fahy L¢slit Clegg Doug Wat￿Lin 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 Belfa*t 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 Bltt$. pr￿5￿1]l their ai)nual i'eport aiid audited aiioiints for the yLar ended 31 MaiLlI 2024. The Trugte- hawe adopted ihe pro￿1510118 of tlie Chai'ilies Act (Norther]i Irelaiid) 2008 as aiiiei)ded by the Clidrities Act (Northeni Irelaiid) 2013, Ihe Charities (Acioiinls and Reports) Regulalioiis (Northern Ireland) 2015. the Chaiities Act (Nordiern Ireland) 2022 and the AiLounling and Reporting by Charities.. Sialeineiit of Rei.oiiiiiieiided PidknliLe applicable to cliarilies preparing their aLLoiints in aiiordcillbe Wlth the FinaDuial Reportiiig Siandard applivabl¢ in the UK and Republic of Ireland (FRS 102) leflekntive l Janiiary 2015) (Charities SORP (FRS 102)), thi FinAlluial Reportiiig Standard appliiable in the UK and Repiiblic of Irelaiid (FRS 10?). Reference and administrative details of the Charity, Trustees and Advisers Lisbuiii Raiquels Club is an unincorporated cl)arity aiid does not liape a sl)are vapital. The refei"¢i)be aiid adniiiii%lriitive detai15 of the Cliaiity, Trufilt￿S aiid Ad￿ istis are li%led on page l. Chai'ity stattis was aihieved on 4 Feb￿ary 2016 with tl)e Cliarity Coiiiii)isqioii for Norilitrii Irelai)d ai)d on 21 Marbli 2016 with HM Revci)Iie aiid Ciiqlonis. Structure? governance and management L1$bi￿n 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 aiid Opeldte under their guid411)i¢ parliLulaily as I'egards Child Safety. Alplia Badiiiinloii Club aiid Liqhiirn RavLiiiels Sq13ash Club h&￿t achie￿ed the CliibniarkNI aw'ard and Hilden Teiinis Club is currciitly prcpiaring ils application. Meiiibei'ship of t]ic Cliib is open to CWti}"one without aiiy I'bslrictioiis. Meiiiberil)ip sli*nds at ak)Pl"LThjimately 800 with about 500 beiiig under-18. Most of the children and adults play more than one sport at allocated tiiii¢s eaih wt.ek all Jcar roiind. Governance Lisburn Ra￿qUet¥ Club is go￿"trned undcr its Rules as well as gei)eral eiiiploj'nient and other legislation applicable to Northein Ireland. Any proposed chonges lo the coi)stilution or rules al'e subIiiitled 10 the AGM 01 an EGM. The Il¥S State that tbt ManaUc￿ellt Cojlltnittee is appointed partly by the Tnigtetys aiid partly by the tbree Spoils Cliib Conuiiittekns. The Bohi'd of Trustees aiid the Maiiagciii¢.iit Coniiiiittce siipeivise aiid conli.ol the filla11L￿s of the sports clubs alld are al%0 fuSPOllsible for Ilie day lo day fw)ctioiiiiig of the Ra¥quels Club and the repair and maintellaii¥e of its facililies. The three sports Clubs appoint sub-¢oinn)itteiS whose main purpose if the adN'aiiieinent and inai)ag&niellt of their owii racquets sport in coiisultdlion with the Tnisle¢> alld ma￿age.￿¢￿t col￿nittee. The sports clulis, ad￿1￿1%1[dt10n is approved by their Sports Go￿¢m11]g Bodies parliuularly knollknei'ning Child Care and th¥ qualifi¥alioii of coailies. Trustees and Management Committee The Trustees ai)d m￿lage1neI1t Coniinittee as at 31 Marbli 2024 are as oiitliiied on page l. The Tw%tii-i meet foi tiiiies a y¢ai' and the MaLiag¢iiieiit Coiiiinittee meets iiiore fi'eLiueiitly, geiiei"&lly eaknh month. The day lo day niaiiary¢nienl of the Charity is ca￿led out by thc Mii)agLm¥iit CoinmittLL and ilie Charity's eleited officials, the Hoiioraiy Secretary, the Hoiiorary Trea￿tirer aiid the Hoiiorary Chairiiian. The proc.e.dure for appoiniiiig and traiiiii)g new tru￿teLs is dealt with by the existing trusleis aiid maiiaoeiiieiit LoInintttee as set out in the rules. The Truqtekns the uxi*ting giluatioii of the Charity aiid the role Ihe ruliriiig Iruslee fulfilled. before looking at the sk-ills ai)d coll)pelen￿1eS required in I'¢pl&iiiig the1￿. Upon eleknlion ea￿h tnistee or coiniiiillee meiiibei. is giveii a copy of the Charity rulcs and the latest anniial report and also intt'odiiced to the legal and opeidlioi)al aspe¥ts of the Charity to en8iire they hawe undeisl¢ll)diiig of the nature of Charity and the rcsponbibilities and diittes tliat go with their pot 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 pro￿lding 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 liidi￿lduaI laleiit. Cunifort aiid ainbition, includii)g piow'iding the opportunity to rcprcsent the cliib aiid Noi'ihern Irelaiid, Ulster and Irelaiid coilipetiti￿eIy. 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 aa￿a1]cell]el]L of aiiiate,ur sport. In the fInan￿la1 year ending 31 Marbli 202), Ihe slrldtegy will be to continiiL. lo biiild on th¢ strong results and a￿lIVitY 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 ad￿a￿Le1]Ient of anialeur sport. Thc Charity's niain purpose is the ad￿di]l.LIIl￿11t 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 *d￿Ani71]g that partiLiilar spoit or gdnic and by promi)ting liealih throiigh pbyslknal e.Kertion. All iig 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 bad￿l￿t0￿ 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 mcif￿h 2024, the Charity pejforijied well giveii the iiiipact of inflation alld in¥ieiit 12 months froin the date of signing the financial sl4leinenls. The Charity tliei'efor¢ coiitinuLS to ¢idopt the going Coliknem baqis in prepariiig its financial stateiiients. ASM 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 offi￿eS 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 ObJe￿tiVes. 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 p￿Ie15. 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 a￿aIlable 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 Pro￿lder 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 1niplei￿tnted 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 lo￿al sliik¥l)olders. The plan include> review of fatyilities, infonnation tevl)Dology, promolion and ad￿ertIling 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 ad￿k￿Le 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 rC￿er￿LS not invL51ed in fixed . Thc iiiain reaijin for holding r¢>eiTr¥S 15 to ¢ll5111"e that the Cliarity has eiiough Tisoiifies 10 fund the progrdnuiies it is supporting and to hold siiffitylillt resOUICeb lo meet its coniiiiitnieiitq. The Trust¢i5 believe that oiir Reserve> Poli¥y is both respionsible aijd prudeiil. At 31 Martyli 2024 the g¢ii¢ial TL>¥rves are £1,073,597 (20?3.. £1,036,166) and the Charity has net a%%¢ls of £1,073,597 (?023.. £1,036.166). The niain sourknes of fuodiiig are visitor inionie and incLiiiie fi'Liill me.Liibers' sub>criptjOJl8. Risk management The Truqtees ha￿¢ the major ri8k's to whi¥h the Charity is exposed, in particular those related lo the operatioiis aiid fii)allies of the Chai'ity aiid are salisfitd that Sjileiiis are in pla¥¢ to mitigatc any exposiii'e to the niajor ri.4k<. The Truslekns perfom] ali aiiiiEial review of the riqks the Charity inay fac.e (in partlkniilar th￿5￿ incIuL1e di%f?*ler planning, Lhild piuleilion and health and safety iN%Lies, as well as inteinal controls over finanue). The Trii*lees have establi.qlied SJiteii)s and procediir¢s to iiiitig Cali be aff¢¥ted by ¢xteTiial ecollojllic conditions and thiis the Charity needi to be able to lope with and appropriately respoiid lo cliaiiges in deniaiid. ASM 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 TiaUe. 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 asburdil￿e 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 fll￿t. 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 Ti￿St<￿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 rele￿￿1t 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.ordan￿c 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 I￿e 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 bet￿e¢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 autivitI￿s Thas aPpro￿ed 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") Re￿lIatIonS (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 r￿a￿Onable 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 Gr￿ltS 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<1￿C of the equiTralenl fixed ast of tangible fixed aA%¢ls is tl)eir piir¥hat, tog¢tl)er with any incide.ntxl CO%ls of aLLllllSltion. All af 4ets CO%tiiig Inore thai) £1,000 are ¢apitali%ed at UL)Nt. Filed A&%els al'e I'eTr ieTred aiinually for iiiipairineiit and appioprialt adju¥liiieiits Iiiade where ne￿e%￿ary. Land and buildings are not depreciated as the Cost relate) niainly to laiid and for the buildings elenienl the anntial deprewlation cliarge w"oiild be iniinat¢rial, how¢ver, as noted Sii¢h Ib are SLibjei.I to anniial ii)Ipainiient reviews. Depi"ekniation is calculated so as to wi'ite off the cost of fixed a%sets, Icss theiT estinihtcd rcbidiial ￿a]u￿s, on a slraigbi linc bk)%iti over the expeuttd 11s¢ful economic of the ,')%tyetS CODknerned. The principal aimiial rale& uscd ar¢ as follows-. FIx￿res aiid fittings Tennis coiiit donie 5-10 10 Stocks Stocks are bldle.d at the lower of Cost aiid iiet reali%able ￿alUe. Cost is deterniined uqing the fii'sl in, f￿st out baqi%. Provision is made for slow rn0￿1￿g and obsolete stocLs. Debtors Debtors are stated afier all kLiown bad debis ba￿e beell writteii off wjd 5pebific proTrision has beeii made agaiii.%t all debts coJ]sidered doubtful of Lolleition. ASM 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 re￿et￿ed are ui)I.i%tri￿ted in use and are ¢xpeiidable al the dis￿retIon 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 w111￿h 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 re￿e1Ved 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 ha￿e 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 Lils 236,294 79,242 48,122 20,345 12,944 12.049 236,294 79,242 48,122 20,355 12,944 12,049 207,325 46,263 68,353 22,842 11,276 6.848 4.841 8,250 6,392 18,026 5,869 2,593 3,045 2,250 4,841 8,250 6,392 18,026 5,869 2,593 3,045 2,250 3,743 8,250 3,410 18,579 4.805 5.404 1,498 2,300 Baiik interLSt and cliargis Telei)lioiie Stationery and Poblage Fees paj'able to Ilie Charity's aiiditors for 'the aiidit of the accoiints Legal and other profv%sional fees Advertising CLThxls Miscellaiieous costs Depreciation 2,436 2,436 1,173 200 604 22,812 435.685 602 27,563 490,973 602 27,563 490,973 ITJdei)Inily insurance for the Tnisl¢c> piifil)aqed by the Charity during the ?¥ar. Other trading activities expenditure Unrestricted funds 2024 Restricted fllnd$ 2024 Total funds 2024 Total funds 2023 Shop cost of goods sold Bar- cost of goods sold Bar- wages and salariLS Bar- repairs CLl>ts Bar- mi>¥cllan¢oiis costs Bar- depi"¢iiation 53,459 18,207 10,170 140 416 3,766 86,158 53,459 18,207 10,170 140 416 3,766 86,158 42,363 14,463 8,992 240 357 3,772 70,187 ASM 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¥S at 36 Bclfn*t Road. L?sburn. All fixed aNNets are k'aliied at historic CL)ii less deprei.ialion. Stocks 2024 2023 Goods for riinle 9,307 9,796 10. Debtors 2024 2023 Debtors Pitpaynients and aiirued inioiiie 23,838 10,583 34,421 20.815 14,547 35,382 11. Caslk at bank and in hand 2024 2023 Ts11 floats Ciirrent accoiints 1,298 59,497 60,795 3.065 7.238 10,303 Bank ai¥ount5 arL he.ld with First Tmst Baiik, Market Square. Lisbuin_ Bai)k faiilities are seiured by letters of joint ai)d several guaraiitee sigiied by the trusleus and a letter of ￿lard1]let sigiied by 12 ineiiibei's for £1,000 each. letter of undeilak'ing is al%0 held in reSpe￿t of the pr¢inisLS at Belfait Road, Lisburn. At tbe year eiid there are ttvo bal￿ ackoullts in the iiame of Alpha B2drniiitoii eltjb that haTre Jiol been iiicliided in the abope balaiiie, nor ha￿e been aiidiled, bul wl)ILh al'e deeiiied to be uiider the conltol of the Trustees of Li5burn Racquets Club. The total bal￿1¢.¢ at the year elld on these accounts Thas £18,309 (2023: £50,043). i. ASM 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 deft￿cd 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 0￿er 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 MO￿tille1]t in fuiids Depreciation 'al￿tr of loan balances MoTr"¢tLlCllt in inTreiilory MoTrell]ellt in debtors Mo￿til]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