Lisnaskea Falrs and Markets Trustees. report for the year ended 31 December 2020 The trustees present their report and the financial statements for the year ended 31 December 2020. Reference and Administration Details The reference and admlnlstratlon detai15 of the charlty are as shown on page 2. Structure, Governance and Management Organisatlonal Structure The trust, formed on 17th January 1924, is a charitable trust and a reglstered charity for taxation purposes. The trust Is governed by the Trustees. None of the Trustees have any beneficial Interest In the trust. Subject to the provlslons contained in the Trust Deed, in the case of the death or reslgnation of a trustee, the trustees have the power to elect a new trustee. The Secretary was responsbble for the supervlslon of the day-to-day operatlons of the trust throughout the perlod of the accounts. Trustees The trustees who served durlng the year are as follows: Mr K Kelly Ichalr for 2020) Mr P Leeman Mr G Reihlll (Treasurer) Mr H Crawford (Chair ffor 2021) Mr R Farrell Nr J McElwalne Mr J McBrlen Mr E Mccaffrey Rlsk Management The Trustees have revlewed the key rlsks faclng the charity and have e5tabli5hed procedures to fflanage those risks. Investment r15ks have led the trustees to develop a strateglc plan whlch allows for the dlverslflcatlon of Investment of the trust's cash resources. Actlvities, Aims & Objectlves The publlc beneflts are.. the Increased efflcbency and effectlveness of comrnunlty and voluntary sector organisation5, re5ultlng In enhanced outcomes and service delivery and, consequently, an Improved quality of life for those who beneflt from thelr work; enhanced activlty, engagement and particSpation In soclal attivitle5 by residents of the area of benefit, leading to an irnprovernent in thelr well- belng and quallty of life and greater soclal coheslon,. Increased acce55 to public amenlties and the enjoyment derlved from the displays of flowers and shrubs, whlch all helps to Improve people's quality of life and well-being; and the preseNatlon of the unlque chararter of the L15naskea area, leadlng to an enhanced ap?reclatSon by resldents and visltors of Its hlstoryi herltage and culture and the enjoyment arising from its pleasing visual appearance. CavanaghKelly"
Lisnaskea Falrs and Markets Trustees. report for the year ended 31 December 2020 - continued The dlrect beneficlaries are residents of and vlsltors to the area of benefit and local comrnunity and voluntary sector organlsations. These benefits can be evldenced through the flndings of community surveys, feedback from the beneflclarles and evaluations of the work and impatt of comrnunity and voluntary sector oroani5ations and feedback from those they have a5SiSted. No prlvate beneflt or hami arlses from thls purpose. The trustees of The Lisnaskea Falrs and Markets endeavour through the income generated from the lands, markets, hereditaments and premises they hold In trust to.. provide dOaOn$ for communlty projects and groups when required- pay for the plantlng and rnaintenan of flowers and shrubs wlthln the town's central yard and In other areas wlthbn the town,. maintain and preserve some of the most hbstorlcal building5 In the town of Llsnaskea and provbde them for use by the communlty as both business premises and places to gather for 50clal and communlty events. and to approach those who may hold pmperty or lands which have become derellct and purchase them 50 that they may be put to better use. Aehievements and Performance The Trustees are confldent the chBrlty is meetlng Its obJectlve5. Durlng the year ended 31 December 2020, as well as maintabnlng the trust property In good condition, the trust has contrlbuted £25,500 to charitles and wcirthy causes (2019.. £ 18,5001. Financlal Revlew The trust is a charitable organlsatlon. The results for the year are set out In detail on pages 8 to 15. The trust returned net Incomlngl(outgoing) resources for the year of £(12,665) {2019'. £8,048). At 31 December 2020, the total funds of the charlty amounted to £553,290 12019: £565,955) comprlslng unrestricted fund5 of £553,290 and restrlcted £nll. Princlpal sources of funding and how this has supported the key objectlves of the charity are disclosed In the notes to the financial statements. Reserves policy At the time of writlng the charlty does not have a formal reserves policy. However, the trustees are in the pmcess of prepadrng and adoptlng a reserves pollcy. The trustees conslder that the charity's reserves are unrestrlcted and are generally Intended for future unexpected need or to pursue an opportunity in line with the charity's purposes. The Trustees continue to monitor the level of reserves held by the charity and are actbvely taking steps to utilise the reserves In order to meet the objectlves of the charity. Plans for future periods The Trustees continue to look for opportunlties where input from the trust will benefit the inhabitants of the town of L15naskea. CavanaghKelly'
Llsna$koa Falrs and Markets Trustees, report for the year ended 31 December 2020 - continued Thls report was appmved by the Trustees and slgned on Its behalf by: r K Kelly Chair for 202 Date Trust Offlce Lbsnaskea Falrs and Markets 23 Droles Road Llsnaskea Co. Fermanagh BT94 5JG Charlty Reglstration Number NEC103048 CavanaghKelly'