Charity i"egistered nuinber- NIC102756 HMRC Charity registered number- N100498 Lisburn Racquets Club Accounts for the year ended 31 March 2025
Li.¥hurn Racquets Club Aciounlsfor theyear ended 31 March 2025 Contents Refereiice and administrative details of the Charity, TNste¥S and Advisers Trustees, report Independent auditors. report Statement of financial aitivities io Bal]¢¢ sl)¢¢t Cash flow 5tateiiient 12 Notes to the accounts 13-21 ASM
Li.sburn Rac4uels Club Accounlsfor theyetsr ended 31 March 2025 Page I Reference and administrative details of the Charity, Trustees and Advisers Management Committee Trustees David Mcclay (Honorary Cl)airiiian) Philip Wamouk (Honorary Treasiii'¢i') Grahain Hendersoii (Honoiary Seknrelary) Jeff K¢aroii June Fahy Leslie Clegg Doug Walson Keli Moore Wesley Shannon {Trusle¢ ChaiTman} Sandra (Tnistee Seirelaiy) David Mcclay Julie McHei)ry Nick-y Kirk Steplien Orr Registered oifice/Principg1 address 36 Belfast Road Lisbiirn Co Antrim BT27 4AS Registered auditors Bankers ASM (D) Ltd ALB 35 University Road Belfast Co Antriin BT7 IND Cl)artered Aiiountaiits 79 CiinnÈnghams Lane Duiigwiiioii Co Tyroiie BT71 6BX Solicitors Charity Registered Iyumber Joseph Lo¥kliart & Sons Baknhelors Walk Lisbiirn Co Antrim BT28 IXJ NIC102756 HIVIRC Charity Registered Number M00498 ASM
Lisburn Racquets Club
Accoun15for ilieyear ended 31 March 2025
Puge 2
Trustees, report for the year ended 31 March 2025
The Triist¢¢s. pr¢s¢iit their aiuiual re.port and aiidited a¥¥ounts for the year elided 31 Marknh 2025. The Triiqtees
liave adopted the provisions of tlie Charities Act {Nortli¢rii Ireland) ?008 as anieiided by the Charities Act
(Northerii Ireland) 20 IJ. the Charities {Acioiints and Repiirts) Regulations (Noithem Erelaiid) 2015, the Charities
Act (Nonheni Irelw)d) 20?? and the Accountiiig aiid RepLlrting by Charities.. Sta(enienl of Re¥oiiiiiieiided Pi'aktii¢
appli¥able to Cliarities preparing their akcounts in a¥iordance with the Fiiiancial Reporting Staiidard applicable in
the UK and Repiiblic of Ireland {FRS 102) {eff¢¥tiv¢ l Janiiary ?015) - (Charities SORP (FRS 10211. Ihe Financial
Reporting Staijdard applicable in the UK and Repiiblic of Ireland (FRS 102).
Reference and administrative details of the Charity> Trustees and Advisers
Lisburn Racquets Cliib is an uniiicorporate.d ¢l)arity aiid does not have a sliare capital. The referri1¢ aiid
adiiiinistl'dtive delails of the ch'lty, Triisle¥S and Adwistrs are listed on page l. Charity statl15 Ns'as alI1Cv¢d on 4
February 2016 with the Charkty Commissioii for Nortlierii li'elaiid aiid on 21 MarLlI 2016 with HM ReveiiLie and
Customs.
Structurej goverDance and m2ftllgement
Lisburn Ra¥qLiets Cliib is a cliarity that exisls to plolde facilities and ali ei1virotl¢1it for the proiiiolion 2nd
adv]ell]e11t of aiiialeiir rawi]Iiels sports aiid other sport5 that Use tlie facilities. Lisbiirn RacL]Lirls Club, foiiniled in
1971. is the playing aiid Soknial facililies of tlire¢ aiii8t¢ur sports clLib5, naiiiely Hild¢n Teiiiiis Club, founded in
192J, Alplia Badminton Cliib, fotsnded in 1932, and Lisbum Raiquets Squash Club. founded in 1971. The sports
clLEbs hake a joint siibscripli021 collelled by Lisburii Racquets Club whose Trustees and Manag¢m¢iit Committee
are respoiisible for the financial n)aiiag¢nieiit of the Cliarity.
The thr¢e spoils cliibs are affilialed to their i"espek.tive Goveining Bodies and oper
Li.fburn Racquets Club
Accouiitsfor ¢lieyear ended 31 Thlarch 2025
Page 3
Trustees, report for the year ended 31 March 2025 (cont'd)
Indiiction and tralliing is provided via oil the job training by the e.xisting Cliainnan and Board of Truste¥S Wlth a
view to the hislorylbaik.groiind of the Chai'ity aiid its visionlaims and also to discuÉs expe¥ldlions in relation to th¢
role and wliat they can brit)¢y
to the Chai"ity- Copies of meeting niinutes. the Conbtitution aiid oil)er reLeant
doknumentation are provided.
Objeetives and activities
The priiicipal aliVItIeS of the Charity are unchanged from last ycar and are the proi)iotion and ad]¢11]ent of
amai¢ur sports and in particular raiquet s¥iorts.
The objebts ofthe Charity are:
a) To piomote aiid eiicourage the playing of raknqiiet spoits
b) To proi)iote aiid enknilLirage interest in sport in geiieral, bul in partiCLilar raquetS sports ai)d to oi'g311ise
social and ieknre&tÉoiial facilities, entertaiilliieiils, fuiiclions, spoit meetings, l¢¥tiires. films and all oiher
such aitivities and sports or gaines as tlie Cliaiity niay de¥ide on bebalf of the menibei's.
c) To SLipply fLThiid and refres1)Iiieiils to n)ei)Ibe.rs ai)d other visitors ai)d g¢iierally to afford the n)eiiib¢rs all the
privil¢8es and adantageS of a charity.
The obje¥ts include e>tablishiiig. maiiaging aThd ¢onduiling a sports cllib to promote the plaj.iiig of badininton,
squash, ieiiiiis. table ieiiiiis and other 5iii)ilar sportii)g Plirsuits and provide instructioii. tuition. ¢oiiveni¢i)¥¢S. sports.
88nies a]id re¥reations for ni¢iiibei"s and visitois.
The puiF05e aiid aiiiis of the Charity is to coiitribiite to the life aiid wellbeing of the Iotyal coinmunity by providiiig a
friei)dly, sportii)g and SO¥ial ei)viroiiiiiei)t, opeii to all. Where people of all agei niay SO¥ialise. eierLise aiid be
l)elped and ¢ncourao¢d to play a Trariety of sports to th¢ir own level of individual talei)t, conifort wid aiiibition.
in¢ludiiig providing the opportunity to represent the cliib and Northei"n Ireland, Ulster and Irelaiid coiiipetitively.
This is all provided at a cost ihat is affordable and give5 Rood 'alue aiid witliin ali enviroI)nieiit of first class
faGiliti¢s.
The slr
Li.fhurn Racquets Club Accountsfor Ilieyear ended 31 March 2025 Page 4 Trustees, report for the year ended 31 March 2025 (collt'd) Achievements and performance The Trustekns report on a year that w'as one of the higliest levels of aktivity aiid participation at the cliarity and faiilities. Visitor book.ings and meiiibei's1)ip are at sonie of the higliest levels ever seen. In the financial ye.ar Io J I Marcli 2025, the chai.ity performed very well refleiting the in¥rea%ed participaiioii aiid activity at the facilitie5. Current year ear has setll tyapital spend on a refltrbiilwieiir of the loiinge YI)d one of the cliaiiging i"LJonis. The Trust¢es believe tlie prei))iscs are in the best ioiiditioii they l)ave beeii for niany years. In prior years the Tnistees aiid Mana8eineiit Coii)Inittee established a mlilti-year plan with working groiips created to fouU5 on key areas of the Cliarity so as to aknliieve meani21gful progress 011 these aiii)s 0er tlie ne.xt nLimbei' of years. Th¢se k.ey arcas are facilities improTreii)eiit. infoniialioii ttknliiiology. proiiiotion and advertising of meiiibership and visitor s¢rvic¢i and social aulivitiei. During the year some progre.ss M'as made on these areas by the woi'king groups and thLS¥ remain arias of fOlis for the coniing yknars. The Charity lias berli designated as The National Badn)intoii Centre by the Goveniing Body wlio use it foi- tlieir conipetitioiis and irainin Siniilarly n¢iball Iise it for ti'aining tlieir elite players Etnd foi. their Division I lea17ue Inat¥11¢5. The Charity is liome for several netball aiid bask-e.tball tei]S aiid cliibs aiid the Ulster Badniinlon League play their league niatclies at the pi'¢iiiises. Soi))e Io¥al s1)071$ use the Charity for their 5POrts cli¢ sscs a]id for their inter-5¥hool competitions in these 5POrt5. The niain hall has 900 bl¢a¥l)er seals aild l)as beeii Lised SU¢iessfully for Iiiajor Pliblicised evei)ts in badmii)lon, table teiinis, netball, b¢lsketball, t<tekviondo and judo. In addition, a nuniber of loal citi£ens play 5-a-side football and also some book courts for an OlaS1o11a] g&11ne of badminloii. teilliis or 5qiiash. The goveniing bodies of Badniinton and Table Teiii)is reÈ)t offibes at the Cliarity faiilities. The Charity also rei)Is its loui]èe for arIOuS aitivities by m¢iiibers, other oroa1)l%étlions and visitors. The loiiiige is also used for ni¢n)ber at)d vi5ilor Soknial eiigtt8eiiieiits as well as a signifiiant niimber of cliarity fuiid raising events. Going eonctrn The Charity b3s had a siicceJsful year in relation to growillg m¢iiib¢rs1iip and inioine at nearly all levels. In the finaiicial year elided 31 Mar¥l) 2025. the Charity peifornied well ai)d is fOreasting continued siirplLlS and cash geiieiation levels for flltui'e yeai's. C£1sh balanknis inireased diiri112 the current financial year and the Charity is well placed to coiitiniie operdling with foi¢iails aiid budget5 sliowiiig tl)at the Cliarity l)as adeqiiate r¢)oiif¥es to coi)tinue in optr(lional e.l1iteiie for the foreseeable fiittii"e aiid froin at le2St 12 n)oiitl)s fi.oin the dal¢ of appi.0.a1 and signing of the finEtncial staleiiients. The Charity th¢refor¢ continiies to adopt the going COii¥erii basis in preparing its financial statenients. ASM
Lisburn Rocquels Club AcL-01411tsfor ilieyeur eiided31 March 2025 Puge 5 Trustees, report for the year ended 31 March 2025 (Cont'd) Environment The Charity Teknognises its respoiisibility to catry oiit its cliai"ilable optration5 whilsl miniiiiising enviroiiiiieiital impatrts. The TriisteLS' continii¢d aim is to coniply wAth all applicable enviroiuiieiital legislatioii, preveiit pollLItioii aiid i"¢du¢¢ waite wli¢rever possible. Health and safety The Charity is conimitt¢d to aGhieving die high¢it plabllable staiidards in health and sxfety niaiiagenieiit and striwcs to make all siles and Offi¢S safe eil1[0nniel]tS for eiiiployees and visitors alike. Human resourc¢5 The Charity's mi)St llnpoilant resLIUI"e is Its pei'ple. their kniowledge and experien¢ is crucial to mettiiig charilable objeitives. Reteiition of k¢y s(aff is knritiknal ]d the Cliarity has inwrbted in eiiiployineiit traini13g aiid developiiieiit. Volunteers The Chatity belieeS 0]UnteerI1}g is a vital and integral part of a healthy Soviety; the Charity lias depeiided on the contributioii of voliinteers for niany yeEu"s and would like to t.¥pi'e>S our thIk5 for the c.ontribution they make to the maiiy aitivities of tlie Charity- Volunteers for the Charity priinarily relate to the TrLlSteii, MaiiRgen)ei)t Coiiiiiiittee 2nd iiieiiibers of al'louS od)er 5POltiiig aiid siib-CLininiittee5 wlio volunteer their tin)e ai)d effort5 for niaiiy hoiirs duriiig the y¢ar. Plans for the future The Charity has a multi-yeai. rollii)g facilities in)profveiiient plan Slibjebt to fundino The Charity lias plaiis to improve the playing surfaknes, g}.'m faiilities, at]d coiiiiniie improving the eiiergy effi¥ieiit lightiiig of ihe Chai Ity within the i)¢xt few years through LED light ieplaieiiiei)i ai)d Inreased solar paiiels. Additional iniproveinei)ts to the large badiniiilon hall, cl)aiiointr rooms and reiiiaiiiiiig disabled faknililies reiiiain as Iiiore loiig tei-iii plan5. Our anibitioii is to mak-e our facilities aiid ¥oa¥hiiig expertise as widely aailable as possible, and the Charity is continuiiig to foknus oil childreii's aiid disability aitivilies. In this fte.l year the Chai'ily will foc.us on driviiig increased participation at the pr¢iniie5 owned by the Cl)arity. The Charity also aims to Enainlain its PO>ltion as a k.ey provider of spoi1ing aiid health aiid fitne>S serviknes iii the area. The Trustees will coiitinue to regularly review risk policies aiid miiigatioii strategies. While the Charity lias 501ar paiiels on its roof and 5viiie LED lighis. th¢ Chai'ity pl15 to i"eview tbe>t to consider coiild nioi'e gi'eLn ei)eigy be Iitili5ed within the fakniltty and as nLlted aLiove, will foiils on coi)liniied inipi'ov¢iii¢iit in eiieigy elficieiit lighting in tl)e sliort term. The Charity has impleiiienled a miilti-year stltilegic plan to eiisiire its obJetiVes, facilities and a¥tivitl¢s r¢iiiain releN-ant aiid meet the needs of the loi.al conmiunity. The ciii'reiit sts'at¢gic plan will be siibjeut to furtlier review by the Trustees 2nd staff and iOll>ultation with iiieiiibers, Visilors aiid other Ioknal slakeliolders. The plan includes review of fa¥ilities, infLiriiiation teC1oI0gy, proiiiolion and adwertising of niembersliip aI)d visitor ServieS to eiisure the Chai'ity l)as a foi I15ed &pproa¥h to futui'e fin]¢. dll-¢klioii and developllient. ASM
Li,fburn RaL"quels Club Accoiin15for tlieyeor ended 31 March 2025 Puge 6 Trustees, report for the year ended 31 March 2025 (Cont'd) Financial i'eview The a¥¥oiints are prciLnted in the standard foniiat reqiiired by the ch'tIeS Act INoith¢rii Ireland} 2008 as ainended by tlie Charities Aci (Nortliei'n Errlai)d) 2013, the C.hai'Alieb (A¥¥LThLinls ai?d Report5} Reglilatioiis {Noithern Irelaiid) 2015, the Charities Act (Northerii Irelai)d) 20?2 aiid tl)e Chai'ities SORP (FRS 102) and FRS 102. Results The Iiiain purpose of the C1)'1ty is the provision of sports facilities for niei)Ibers of the piiblic lo play their sports in a well-maiiaged environiii¢iiS. Inionie is geiieidled by mdi)bei s siib>iriptions and froIn the hÈre of fallitIeS to visitors. The Charity reiLlI'ded a SLirpl(Is of £57,553 (?094.. £37,431 } for the finaniial year. As the Charity is a iiot for profit oi'03niqation. any SLirpliis is re-inwested in ii)Ipi'ovino the faiilities of the Charity ai)d iised to furilier proinote and advankne the participation in the #ports 114ii)g tl)e fai.ilities. The Charity has iio debt with baiiks but has benefitted froin loans fron) niemLiers and frieiids of the ch ity of £1,150 (20?4.. £1,150} aiid a ti.ade loan of £l.949 12024.. £1,949). The cl)arity beiiefitted froiii £nil {20"4: £3,100) loaiis beiiig waived diiriiiu th¢ yeai- ai)d dL)Il&ted to the Charity. For furtlier delails T¢f¢r to notes l ?_ IJ. Thei'e al'e no matrl-ial uncertainties inipakntiiig the Charity""s bility to uolltiniie as a going uoiicern. Reserves policy The Chaiity's polL¥y IS to retain a level of free i"eserve3 or genei-al li>¥fvbS whicli nialclies its needs at the curi'riit tii)ie aiid in the foresLeable futuit. Fl'ee ri'jerves are those uiirtstriiled i'e£erves iiot inveited in fi.led a>)¢ls, wl)i¥li are aaIlable for g¢i)eral Lise. The free reserves retiuired will be sufficient to meet the runiiing CLl>l> for 3 pei.iod equii'alent to appi'LI.¥jll?ately 12 months of e.ipenditure. This poliby is i.evieed aiiiiiially. The Trustees have developed a plan to establish and niainlain at least this level of r¢>¢Tr¢>. The niain reasoii for holdiiig i¥)erves is to eiis111"¢ that the Charity has eiioiigh i'eiouf¥¥i to fuiid the prograiiiiiies it IS SUPPOrting and to liold sufficieiit reg)Ui'knes to meet its commitments. The Trustees believe tliai our ReseTr"es Policy is both responsible and piiidtnt. At 31 Mar¥h 2025 the general re%erves are £1.131.150 (2024.. £1,073.597) aiid the Charity has net ass¢ts of £1.131,150 (2iI24.. £1,0373.597). The niain sourbes of fimding are visitor incoine aiid inL.Lll]ie from nieii)beri siib5iriptions. Risk managemellt The TrLlSteLS have aq5essed the major risks to which the Charity is exposed, in particiilllr those related to the operdlioiis aod finaiiLes of the Charity aiid are satisfied tl)at Sj'ileiiis are in plaie to mitigate aiiy exposlire to the major risk5. The Tnistees perfortn aiinual review of the risks the Charity niay faie (in particular these incliide disc?St¢r plaiiniiig, child prolei.lion ]d health aiid safety is<uts. as well as intei'i)al iolltrols 0'tr finai)iel. The TrLlStees have establislied systenis aiid procedlirei to mitigale those risk's, aiid i'e¥iilarly review the inipleiiiei)lation of thlse Pl0edLIreS to mitigate any potential inipact oil the Charity sliould those risks materialise. The niembers of the Managen)ent Coi)Imittee a150 act as the Risk Coinmittee. The key coiitrols used by the Chai'ity include- Foniial ageiidas for TrL151ee nieelings, Maiiageiiieiit Coiiiinittee, Sub-co1111eeS and sporting club me.etii)gs Con)pielieiisive strategic planiiing. biidgeting aiid niaiiageii)ei)t aknioiintiiig Establislied orgaiiisatioiial aiid gov¢riiai)¥e stru¥ture aiid lilies of reportiiig Foniial writt¥n poliGi¢S Hierar¥1)1al authorisation and approTral leiiels. As regards finaiicial risk, the Chai'ity faies the risk that ils Ill11}e is solely depeIideiit oil people to Llse its facilities. It has to coi)Ipele in a conipetitive market for leisure fa¥ilities and tl)ei'efoi'e has to ei)siire its faiiliti¢s and pricus are coiiiparable to its cc.mpttitoi's whilst still proii)otiiig its cliaritable objebtitres. Furtliei"Iiioi-e eApeiidittire on leisui'e autivities can be afftiled by extei'nal econoniic coiiditioiis and thiis the Charity needs to be able to uope with aiid appropi'ialely r¢spoI?d to cliai)g¢s in deiiiand. .ASM
Lisburn RuLquets Club Accountsfor tlie year elided 31 Marcli 2025 Page 7 Trustees, report for the year ended 31 March 2025 (Cont?d) Risk managemellt (continued) The natui'e of the Charity's facilities al40 meiiis tliat there will pe.riodi¥ally i)eed to be signifii.ant inve51nieiit to iiiaintain and InodeniiEe tlie fabilities in liiie with cliaiioiiig CL15roiiier expeilatioiis. The Cl)ai'ity th¢r¢fore iieeds to ensiire that thei'¢ is a long tenn rvbiist b115ii)e>S plan to eiisure that it is able to continiie to opeiitte within the CharitRble TrL)St's ai"ailable reioufknes ovei. the lollg teiiii. Taxation status Lisbiirn Racquets Club is a cliarity reiogni5ed by HM Reveniie & CLlStoms, aiid, as siich, is eiititled to ¥ertain tax e.xeii)ptioiis oli iniL)iiie aiid profits froim inveilJiiei)ts aiid surpliises on any tt'ading aitivities carried 011 in furthe11ce of its priinary objekntlV¢>, if these profits }d siirpliises are applied SLilely for ¢liarilable Plifposes. Statemeiit of Trustees, reiponsibilities The Trustees are responsible for pr¢paring tbe aiinual report aiid the aiiounts in ackordance with applicable law and re¥ulatioiis. The TrLlSte¥S are i.éspoiisible for prrF)ai'iiig the aEioiinl> for eail) fii1itlliaI year whiih give a triie and fair view. in a¥¥ordRiity¢ Wlth United Kingdon) Genei"ally Akkepted Aclounting Pia¥tlie, of the slate of affairs of the CharÉty and of tlie surp1115 or deficit of the Charity for that period. In prrparing thiise a¥ioiinls, the Truste5 ai"e iequired to.. s¢l¢¥t suil8ble aknontlg pollcies aiid th¢n apply tlieni consiiteiitly. make judgeinei)ts aiid estiinatei that ale reiisoiiable and prudeiit. ajid prepare th¢ aLLLiiints on the going ¥Oll¥¢l'n baqis. unless it is inappropriat¢ to pieiiiiiie that the Charity will continue in biisiness, in which case th¢i-e slioiild be supporting ¢l)slllllPtions or qlialifications as nec.e%£ary. The Truste¢s ¢onfm that they have coiiiplied with the abOe i-equii'ri)ieiits in pi'eparing the aOli1S. The Tr115te¢5 are rvSPOI)sible for keepii)g proper aLoUl]t1ng rek.oi'ds that disilo>e with rea4oiiable akniLirakny at ai)y tiiiie tlie fii)ancial position of the Charity and enable them to eiisui-e that the ai.ioiints coiiiply with the SORP and the Charities Act (Northei"n Irelaiid) 2008. They at'e al#0 i"¢)l)oiisible for safegiiardii)g the ass¢ls of the Charity and hen¥e for taking reag01)able ste.ps for the pi'ev¢i)tion )d deteilioii of fraLid ai)d other irr¥gulariti¢s. Statement of disclosure of information to auditors So far as ¢a¥h of the TrLlStees in offikne at the dale of approwai of theie aLLounls is aware.. there is no rele.1t aLidit infottllation of which the Charity's auditoi"s are unaNvare- and t]iey liave takeii all the steps that they ouolit to IiaTre takeii in ordei- to m<ike theniselTr¢s aware of aiiy rel¢N"ant aiidit inforiiiatioii ]d to eitliblish tliat the Cl)ai ity's aiiditors are aivaj'e of that infuriiiatioii. Independellt auditor5 The auditoi's, ASM (D) Ltd. have Indiated their williiioiiLiS to aiiept offjie, aiid a r¢soILttion coiicen)ing tlieir appoinli)i¢iit will be proposed at tlie Aiiiiual Geiieral Me¢ting. On belialf of the Board of Truste¢s David Mcclay Trustee 23 June 2025 ASM
Lisburn Raiquets Club
Accoiinlsfor ijieyeor ellded 3] Mareji 2025
Pttge 8
Report of the independent auditors to the members of Lisburn Racquets Club
Opinion
We have alkdited the a¥¥ounts of Lisburn RaKLiuets CILib for the year ended 3 1 Marbli 20?5 wliich coiiiprise the
stal¢iiient of fiiiat?cial a¥tivitieb, the balaii¥e slieet and tl)e L'elated notes. These a¥¥oiints have been prepared under
the ai¥ounting polibieb Set out therein.
In oiir opinion ilie aicounts-
give a true and fair view of the slale of the Charity's affairs as at 31 Marknh 2025 aiid of it5 inkni)niing rÈsoiirckn
and applicatioii of resourc¢s, illcluding its iiic.oiiie and ¢xp¢iiditui"e, for the year theLI elided.
have been properly prepLired in akiordai)¥e with United Kinudoiii Geiieially Aepted A¥knounting Pra¥ti¥¢'
and
have beeii prepared in aic0rdalie with the reL]uiremeiits of the Charilies Act (Northerii Ireland) 2008.
Ba*is of opinioll
We condu¥t¢d our audit in accordaii¥e wilh Intrrnatioiial Siaiidards on Aiiditiiig (UK) IISAS (UK)) at)d appliiable
law. Our re>P0115ibilities uiider diilse slaiidai'ds are furtlier di>il'ibed in the ALiditors rrspoiisibilitie.s for the 311dit
of the aiioiints sevlioi) of oiir report. We are iiidepeiideiit of the cliaFity in aiknLTridai)¥e with the ethical reiiiiirèjiieiits
that are relevai)I to our aiidit of the a¥¥ounts in tlie UK, incliidii)g tlie FRC'S Ethiual Staiidard aiid we have fulfilled
OLir eihiual rttbportsibilities iti aiiOI'dtUiwe with these rei]iiir¥inillts. We believe that the audit evideii¢e we have
obtaiiied is suffi¢i¢nt aiid appropriale to profvide a basis for oiir opiiiion.
Conelusions relating to going concern
We have nothsng to repoit in respeut of the followiiitr inatters in relation to whicli the ISAS (UK) require us to
report 10 )'OLI where-
the trustees, use of the going coi)¥e.iii basis of aiioiintii)g in the prepariilioi) of the akni.oiints is not appropriate.
or
the trLlSteknS hav¢ iiot disclLised in the a¥COllllts aiiy ideiitified inat¢i'ial un¥ertainties that may ca>1 signifiknant
doubt aL)out the cliai-ities ability to iolltiniie to adLlPt tlie gL)iiig cc,1 jknem b
Lifburn Racquets Club Aceountsfor theyear ended 31 March 2025 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 report to you our opinion as to wbetlier the accounts give a true ld fair view and are properly prepared in accordance with the Charities Act (Northern Ireland) 2008. We also rcport to you, if in our opinion, the Charity has llot kept Proper accounting records or if we have not received all the InfOrntiOll and explallations we require for our audit. Thts report is tnade solely to the club's members, as a body, in accordance with the Charlties Act (Northern Ireland) 2008. Our audit Work has beell undertaken so that we might slate to the Charity's Mebe[S those matters we are required to state lo them in an aiiditor's ieport and foi no other pury)0se. To the fulleit e.xt¢nt pennitted by law, we do not accept or aq,quine respoii8ibility to anyone otlier thall the Charity and the Charity's members as a body, for our audit work, for this report or for the opinion we have fornied. ASM (D) Ltd Chartered Accountants and Regtstered Auditors DullgaDDOn Date: 23 June 2025 J.ASM
Lisburn Raiquets Club Accountsfor iheyear elided 31 March 2025 Puge 10 Statement of financial activities for the year ended 31 March 2025 Unrestricted funds 2025 Restrieted lunds 2025 Total funds 2025 Total funds 20?4 Notes Income from: Charilable autivities Doi)atioiis Other trading aktivitie> Total incoming sOUrCeS 560,358 720 561,078 493.564 123,817 684,175 121,817 684,895 117,898 614.56? 720 Expenditure on: Charitable akntivities Otlier ti"ading aitivities Totol expenditure (530,746) (95,876) (626,622) (720) (531,466) (97,876) (627J42) (490.973) {86.158) (577.lJl} (7?0) Net income 57,*43 Transfers between funds Net movement funds 57,443 37.431 RecoDciliation of funds: Tolal funds brought forward at l April Total funds carried forward at 31 March 1,073,597 1,073,597 1,131,150 14 1,131,150 1,073,597 All aniounts above relate to coi)tinuing operalioi)s of tlie Cl)arity. The stateiiient of financial a¥tivitiei Il'as ay)&iroved by the Tnistees on 23 Jiiiie 20?5. Signature: Trustee- David Mcclay ASM
Lisburn Rocquets Club Ai¢Olllltsfor ilieyear elided 31 Marcli 2025 Page 11 Balance sheet at 31 March 2025 Notes 2025 20?4 Fixed o.ssets TaJ)gible fixed as¢els 1,007,468 1,007,468 1,015,403 1,015,40J Current a%sets Stvkk's Debiors Cash at bank aiid in hid ll,i25 39,091 124J47 174,963 10 60,795 104.5?3 Current liabilitles Creditors.. ainounts falling due within one year Net eurrent assets 12 (51,281) 123,682 146,3291 58,194 Total assets le55 current ligbilities 1,131,150 1,131,150 1,073,597 1,07J,i97 Total net assets The funds of the Charity Total unrestriGted funds 1,131,150 1,07J,597 Total charity funds 14 1,131,150 1,073.597 The foregoing balance sliee.t M'as approved by the Trusltvs on 23 June 2025. Signature: Trustee- David Mcclay ASM
Li,sburn Racquet5 C114b Accoun15for ilieygur ended 31 Mai'cli 2025 Puge 12 Cash flow statement for the year ended 31 March 2025 Notes 2025 ?0?4 Cash fiows from operating activities Net cash geiieialed fi-om opeiating akntivities CAsh flow from investing activities Puiknliase of taiigible assets Net cash used in investina activities Net increase in cash and essh equivalents Cash and cash equivalellts at beginning of the year Cash and cash equiv21ents at end of the year 17 85,)64 {22,012) (22,012) 63,552 60,795 124,347 (12,095) (12.095) 60.79) ASM
Li.sbtsrn Racquets Club
Accounlsfor tlieyear elided 31 ivurch 20?5
Puge 13
Notes to the accounts
Statement of accounting policie5
The following ao[lntIl]g policies liave beeii used conii>iei)tly in dealiiig with iteiiis wh1h at'e considered miil¢rial
in i'elation to the Charity's aiiLllllIt5.
Bn.sis ofpreparation
The akncounls have beei) prepared in aC.C.ordant Wlth tlie Financial Rewrting Standard applicable in the Uk ]d
Repiiblic of Irelaiid (FRS 10?), the Ai¥vTriintino aiid Reportiiiu by Chai'ities= Stateiiieiit of RecLininieiided PratI¥¢
appliiable to charities preparing their aiiiilints in aikOI'daiibe with tFJe Fiiidll¥ial ReiiLThrtiiig qtAIlLlard ap'plic¢ible in
the UK and Republic of Ireland IFRS 10?} {effe¥tive l j}URry 201)
(Charities SORP IFRS 10?)). ai)d the
Charities Act INorthern Ireland) 2n08 as aniended by the Charities (AvknLThunts 2nd Reports) RegulatlLlllS {Noithem
Ireland) ?015.
Li5biirn Racquets Club meets the definition of a piiblic entity under FRS 10? Assets aiid liabilities are initially
reknO8nised at hislorical c.ost or tsaiisa¥tion value unless otherwise sialed in the rele"alIt a¥ioiintiiig polikny.
Reconciliation with previous Generally AciepledAcLoiiiiling Pructiie
In pi'epai"Jiig these auknilLlllts, the TrLl£tees Iiave ¥ill)biJ¢red wliedier in appl J'ii)g the a¥¥LThuntiiig poli¥l¢S I'eiiuired by
FRS 102 and the Charities SORP FRS 102 the re>tat¢iiient of conipaJ"atlVi Iteiiis aS i-eilUlI"ed.
Iiiioppiipig resourcés
All iiiioiniiig resoLifies 'e inclLided on the Staieineiit of FilialilI1 Activities when the Charity is leoilly ¢i)liiled to
the inbome, wheie theie is refisniiable tyertEinty tliat the ie%oufie will be rekneived ai)d wli¢i'e the moiietary alLIe cali
be quAntified with reasoiiable a¥illlaiy-
Charitable octivities
Inwoiiie i5 inGliided in the statrniei)t of fiiiaiibial activitie5 on an aL.r8]S basis and iiet of VAT wliei"e applib
Li.sburM Rllcquels Club Accounlsfor ilieyear elided 31 March 2025 Page 14 Notes to the accounts (cont?d) Statement of accounting policles (cont'd) Resource5 eKpeiEded All expendituTe is aKiOUllted for oil an ak¥nia15 basis and l)as been clil!>ified under hLadings tliat aggi'¢g.7te all ioits related io tlie category. Where ioits uMlUlOt be direitly am'i[)Iited to particular headings they have breii alloiated to autivities on a basis consisteiit with use of the ie)ouf¥ei. Charitable activities These cosls includ¢ direknt e_ipenditure relating to ewoiioiiiic develop1]e1)t aiid eKpenditui-e in aLliiJiiiisli"dtii)ii of the Charity. Jrrecoverable VA T Any irre¥overable VAT is clidiged to the stattiiieiit of fii)aiibial akn111tle5, or baPltalis¢d as pail of th¢ Coit of the related aiS¥t. wl)¢re appropriate. Voliinleers and dopiuted Services No alue of donated servi¥¢i and tinie is aiLLiunted for in the akiOLints. Peiision cosls The Charity contriblltes to a defined contribulion schenie on behalf of certain einployees. The a55éls of ihe tklienie are htld sepai"ately froin t1105e of the ch"ty in an tndeyeiideiitly adiiiiiiistei-ed fund and contribiilioi)s al'e cliai'ged to ihe Stalenient of FinaiTr¥ial Acliviti¢s in the p¢iiod to wlii¥h tl3ey relale. Fi¥ed a.i.sels The cost of tangible fixed assets is their piir¥liase WLThjl. tooetlier with any in¥identMI C015 s of aknqUi%ltioii. All aiS¢1s osling nior¢ tl)an £1,000 are capitalised at knLlSt. Fixed Ass¢ls al'e retriewed aiiiiiially for in)pairii)tiit ai)d apprLipfi&ie adjiistments made wher¢ ne¥e>%ilry. Laiid aiid buildings are iiot d¢pr¢kniated as tlie cost relates Djaiiily to laJ)d ai)d foi- the buildiii2s el¢n)eiit the annual deprelatIOn charge WOLild be ll]]mateiial, bUwe"cr. a5 noted Silknli Is are siibjeut to aniiLial ii]]paii iiient ieTriew's. De.previalion is calciilated so as to write off the cost of fixed a%>et>. le>S their estiniated I'esidiial kaliies. oli a straight line ba8is 0er the expekted iiseful e¥i%llOllliC liv¢s of the a%>el) CiThllknenied. The priiicipal ai)iiual rate> u4ed ale as folloM'8-. Fixtures aiid fittings Teiinis kollrts and doiiie 5-10 io Srocks StOK.k-s al'e slated at the lower of cost ai)d net rknaliN2ble Tralue. Cost is drteni)ined usiiig ihe first in. first out ba<js. Piovision is niade for slow moving and obsi,lete stLl¥Ls. Debiors Debtors are stated after all known bad debis h&Tre been wiilten off and speknific provision hms been made a.8&175t all debts considered doiibtful of colleition. ASM
Li.Tburn Rt7Lq14ets Club
Accouiilsfor tlieyeur elided 31 March 21125
Piige li
Notes to the accounts (contyd)
Statement of accounting policies (cont'd)
CoiiceJ.sioiiary loap15
Conce5sionary loaiis reweived by the Charity 'e measiired at the aiiiount re¥eled.
Fuiid accounting
All funds reieived are uiirtslrikted in iise aiid are expe.iidable at the dÈ>i-I'elion of the Trii£tees in furtliei'dil¥.e of the
objekntives of the Chai"ity. The Charity aiioiini> for fiiiids as folloH's'.
Reslricledfuiids
Restric.t¢d fijnds are to be u5¢d for specified purpos5 as laid down by the doiioi.. Expeiiditiire whiknh n)e¢ls
these criteria 15 ideiitified to the fuiid. tog¢tlier with a fair allo¥ati02) of 0er]leadS ai)d support iosts.
Geiieralfuiids
General fi]iids are doiiations and other ill¥LThniinc rL50UI'¥iS re¥¢ived or oeiieraled which are e.xptiidable at
the diiii¢lioii of tl)e Charity in furtli¢i¢lli¥e of its oL)j¢it1Cs.
Desi¥iiateilfiiiids
Designated fuii
Li.fburn Raiquels Club Accouii15for theyear elided 31 March 2025 Page 16 Notes to the accounts (cont?d) Charitable aetivxties expenditure Unrestricted funds 2025 Restricted funds 2025 Total funds 202) Total funL1s Wages, salai.ies aiid pension Repaii's aiid Liiailiteiiaiie El¢kntricity Gas Rates Sports govemiiig bodies affiliation a]id Iiiatch fekns Internal trophie5 and toiirnameiit CL)sts Shuttles and balls used Administt ktlion Coits InsuranLe Bank interest Trd cliAi"ges Teleplione Stationery and postage Feis payable to the Charity's aiiditors foi- the audit of the aciOLinls Legal and otl)er profe>sioiial ftes Advertising costs Miskellaiieoiis Cosls D¢prekniation 270,889 82,750 270,889 82,7iO 236.?94 79,242 48,122 21,309 15,327 9,805 21,309 15,327 9,80) 12,944 5.446 10,000 61) 19,800 7,165 2,404 2,88) 2,300 5,446 10,000 615 19,800 7,16) 2,404 2,885 2,300 4,841 8,?50 i,869 2.?50 1,947 1,947 2,536 88 720 808 25,462 431,466 97.563 490,973 430,746 720 Indtinnity insUrle for the Tnistees w.as puril)ased by tlie Chai'ity diwing tlie year. Other trading aetivities expenditure Unresti'icted funds 2023 Resti'icted fun(ts 2025 Total funds 202) Toial fui)ds ?024 Shop- cost of goL)ds sold Bar_ cost of golids sold Bar- wages aiid salaries Bar- repairs costs Bar- miswellaiieoiis costs Bar- deprelatiOn 59,168 ?9,168 20,655 9,698 18,207 9,698 516 1,354 4,48) 9),876 140 416 3,766 86,158 1,354 4.485 95,876 ASM
Lisburn Racqiiels Club Aciountsfor iheyear ended 31 March 2025 Pagd 17 Notes to the accounts (cont'd) Employee information 2025 ?0?4 Staff costs: Wages aiid salaries Sovial security costs Other pciision CO>ts 263,950 12,053 4,584 280,£87 2J1,064 i,974 ?46,464 2025 ?0?4 Nuiiiber Number The average monthly number of persons en)ployed by the Charity during tbe year WAS: Full time slaff Part time staff 22 21 ?7 28 By gctivity: Charitable a¥tivities Otlier trading activities 22 21 28 27 No eiiiployeLS fall in enioliinieiits baiid 0e1- £60.000 (20?4.. £60.orJo ni?nel. The TrLlsteL5 re¥eived no remuiieration. no beiiefits in kind aiid no reinibLII-5eiiieiit of e_xpei)ses diiriiig the year {?u24- £Nil). Subscriptions 2025 Number ?0" Number Meiiib¢rs 828 800 ASM
Lisburn RaLquets Club Ac¢ounlsfor theyear elided 31 Mqrch 2025 Page 18 Notes to the accounts (cont'd) Fixed assets Freehold land and Fixtures buÉldings and fittiugs Tennis courts and dome Total Cost At l April ?024 Additions Disp05als At 31 March 2025 846,410 431,209 22,012 208,401 1,486.0?0 (Ji,OCIO} 173,401 {)5,950) 1,472,082 846,410 452,271 Accuxnulated depreciation At l April 2024 Charge for the year Disposals At 31 March 2025 3)),9?? lJ6,695 12,586 {J5.oon) 114,281 470,617 29,947 (i5.950) 464,614 {9iO) 350,333 Iyet book value At 31 Marth 2025 846,410 846,410 101,938 97,?87 i9,120 71,706 1,007,468 1,015,40) At 31 March 2024 Land atid biiildings coiisist of preinises at J6 Belf<751 Road, LisLiiirn. All fixed 8ss¢ls are valLied at bistol'ic CO>1 less deprekniation. Stock5 2025 2024 Goods for resale 11,525 io. Debtors 202) 20?4 D¢btor5 Prepayment5 and ai¥rued ii)¥oiiie 30,940 8,151 39,091 10,)83 ASM
Lisburn Rftcquels Club ALcounlsfor tjieyeor eitded 31 March 2025 P(ige 19 Notes to the accounts (cont'd) 11. Cash at bank and in hand 2025 2024 Cash in hand - till floats Cash at bank- current akniounts 2,601 1? 1,746 124,347 59,497 Bank aciounts are held with AIB. Bank faiilities are sei.Iired by letters of joint aiid sevei'al giiaraiitee sigiied by the trustees and a letter of gua1.lte¢ sign¢d by 12 nieii)bers for £ 1,000 eaih. A letter of undeitaking is alio held in respeut of the pr¢lliises at Belfast Road, Lisbiim. At the year end there are bank aLLounts in the name of Alpha Badiijiiiton Club, Hilden Tennis Cliib Riid Lisbiirn Rawquels Squash Club that liaTre not been lllknluded in the abotre balatIe, nor have beeii audited. bLII w111h are deinied to be under the control of the Trusttes of Lisburn 114¥queli Club. The tvlal balal)kne at the y'ear eiid on Il)ese aiiounts was £23,626 (20&4: £?8,145). 12. Creditors: amounts falling due within one year 2025 ?0?4 Amounts due Ivithin one year Aced ilisls and deferred iniume DefetTed Inembers siibsci'iptioiis Loaiis {note 13) Other ta.les aiid social security 33,405 10,500 3,099 2,277 51,281 34,816 7,750 664 Deferred members subscriptioDs: Balane as at l April Amount relei1sed to income ened from cliarilable akntivities Amount deferred in year Balance as at 31 MarGII 7,750 (7.730) 10,iOO 9,500 (9,iOOI 7,750 7.750 ASM
Lisburn Racquels Club Accounlsfor tlieyeur ended 31 March 2025 Poge ?0 Notes to the accounts (cont'd) 13. Loans 2025 2024 Loans- Trade Loans - Meiiibers and friends 1,949 1,150 3,099 1.949 Maturity of debt: Less than one year, or on d¢niand 3,099 There is a Irade loan repa>able to Tenneiit Caledonian Breweries UK Liinited a siibsidiary of C&C GrLThilP PIC of £1.949 (2024.. £1.949}. Loaiis from members and friend5 relRte to interest free loa115 of £1.150 1?0-4.. £1,150). These l(yaiis have no filed repayinent ternis aiid as siich l)ave beeii iiiclLided as repa" &ible widiin one ye.ar, hOWeer thei'e has bteii no indiLation tliat any an)ount is expeiled to be r¢p)aid in tl)al tiiiie. 14. Analysis of net assets between funds 2025 2024 Unr¢strieted lunds Tangible fixed assets Net assets 1,007,468 123,682 1,131,150 l.0 l i.403 58.194 1.073,597 Grants received to fund capital expenditure are tlkuisferr¢d to geiieral fuiids from re>trited funds wli¢n e.¥pended. 15. Pension commitments The Charity niakes coiilributions to defiiied ioiitribiitloll $4lieiiie5, the aisels of the scliemes beino held sepa:".Iltly fr(Trni the assets of the Charity. The peiiJion cost cliai.ge Teprt>enTS coiitrj[iiitioi)s pa Ible to the Sknlitnies and amounted to £7,574 {20?4'. £J,974). No coiilributions120?4.. £Nil) were pa)'able to die Sknlieiiies at the year eiid. 16. Related party transactions and ultimate controlling party Th¢re is no one person who is the ultiniate conti"olling party of the Chaiity, biit colle¥tively tlie ultimate CiTrntrolling parties are the Trustees. ASM
Lisburn Rocquets Club Accountsfor iheyear ended 31 Marcli 2025 Piige 21 Notes to the accounts (cont?d) 17. Reconciliation of net movement sn funds to net eash flow from operating activities 2025 ?024 Net moveinent in funds Depre¥iation Waiver of loati balanbkns Movenient in inventory Mofvenieiit in debtors Movemeiit in creditors C2sh flow from operating activities 57,4)3 29,947 (3,1001 489 (2,218) (4,670) 4,9)2 960 (4, j??) 6?,587 18. Analysis of changes in net debt At l April 2024 Cash At 31 March flows 2025 Cash at bank ai)d in hand Lowis- Trade Loans - Meinbers a]Id friends Total 60,795 (1.949) (1,150) 57.696 63,)52 124,347 (1.949) (1,150) 121,248 19. Taxation The Charity is a registered charity and as Sil¥li is entitled to iertain tax ex¢¢iiptions on iiicorne &id pi'ofits fi'c>iii investiiieiils. ai)d siirpluses on any trading aknliw'iti¢s Caled on in furtliei dllkne of tlie Club s priJi)ary obj¢itiTres. if thcse profits and siirpluses are applied solely for cliarilable piirp05¥S. 20. Contingent liabilities There is a contingent liability to repay certain goveriiinent gr<ilits if tlie Charity fails to hoiiour ¥ertain undeitaNin&S and committnents. In the opinion of the TrLisle¥S tlie tel Ins of lettei"s of off¢r have been conipli¢d wilh and no Ipss is anticipated. ASM