Lisnaskea Fairs and Markets
Trustees. report for the year ended 31 December 2023
The trustees present their report and the financial statements for the year ended 31
December 2023.
Reference and Administration Detalls
The reference and administration details of the charlty are as shown on page 2.
structure, Governance and Management
Organisational Strurture
The trust, formed on 17tl January 1924, Is a charitable trust and a registered charity for
taxatlon purposes.
The trust is govemed by the Trustees. None of the Trustees have any beneficlal Interest In
the trust. Subject to the provisions contained in the Trust Deed, in the case of the death
or resignation of a trustee, the trustees have the power to elect a new trustee. The
Secretary was responsible for the supervislon of the day-to-day operations of the trust
throughout the period of the accounts.
Trustees
The trustees who served during the year are as follows:
Mr H Crawford
Mr R Farrell
Mr K Kelly
Mr P Leeman
Mr J McBrien
Mr E Mccaffrey
Mr J McElwaine
Mr G Reihill
Risk Management
The Trustees have reviewed the key risks facing the charity and have established
procedures to manage those risks. Investment risks have led the trustees to develop a
strategic plan which alk)ws for the diversification of investment of the trust's cash
resources.
Activitles, Aims & Objertives
The public benefits are-
the increased efficiency and effectiveness of community and voluntary sector
organisations. resulting in enhanced outcomes and service delivery and,
consequently, an improved quality of life for those who benefit from their work;
enhanced activity, engagement and participation in social activities by residents of
the area of benefit, leading to an improvement in their well- being and quality of
life and greater social cohesion.
increased access to public amenities and the enjoyment derived from the displays
of flowers and shrubs, which all helps to improve people's quality of life and
well-being; and
the preservatlon of the unique character of the Llsnaskea area, leading to an
enhanced appreciatlon by residents and visitors of its history, heritage and culture
and the enjoyment arising from its pleasing visual appearance.
CavanaghKelly'

Lisnaskea Fairs and Markets
Trustees. report for the year ended 31 December 2023 - continued
The direct beneficiaries are the residents of, and visitors to, the area of benefit and local
community and voluntary sector organisations. These benefits can be evidenced through
the findings of community surveys, feedback from the beneficiaries and evaSuations of the
work and impact of community and voluntary sector organisations and feedback from
those they have assisted.
No private benefit or harm arises from this purpose.
The trustees of The Lisnaskea Fairs and Markets endeèvour through the income generated
from the lands, rnarkets, hereditaments and premises they hold in trust to:
provide donations for community projects and groups when required"
pay for the planting and maintenance of flowers and shrubs within the town's
central yard and in other areas within the town;
maintaln and preserve some of the most historical buildings In the town of
Lisnaskea and provide them for use by the community as both business premises
and places to gather for social and community events; and
to approach those who may hold property or lands which have become derelict and
purchase them so that they may be put to better use.
Achievements and Performance
The Trustees are confident that the charity is meeting its objectives. During the year
ended 31 December 2023, as well as maintaining the trust property in good condition, the
trust contrlbuted £42,800 to charities and worthy causes (2022: £32.950).
Flnancial Review
The trust is a charitable organisation. The results for the year are set out in detail on
Pages 7 to 13. The trust returned net increase in funds for the year of £8,252 (2022:
dec￿ase £25,396}.
At 31 December 2023. the total funds of the charity amounted to £536,372 (2022:
£528, 120) comprising unrestrirted funds of £536.372 and restricted £nil. Principal sources
of funding and how this has supported the key objectives of the charity are disclosed in
the notes to the financial ststements.
Reserves pollcy
During 2021 the trustees adopted a formal reserves policy to enable them to be better
able to plan and agree on the level of reserves required and how best those reserves may
be used to fulfil the charity's purposes. The trustees consider that the charity's reserves
are unrestricted and are generally intended for future unexpected need or to pursue an
opportunity in line with the charity's purposes.
Plans for future periods
The Trustees continue to look for opportunities Whe￿ input from the trust will benefit the
inhabitants of the town of Lisnaskea.
CavanaghKelly'

Lisnaskea Fairs and Markets
Trustees. report for the year ended 31 December 2023 - continued
This report was approved by the Trustees and signed on its behalf by:
Mr R Farrell, Chalr for 2023
Date
Trust Office
Lisnaskea Fairs and Markets
23 Droles Road
Llsnaskea
Co. Fermanagh
BT94 51G
Charlty Registratlon Number NIC103048
CavanaghKelly'