Company Number - N1043129 NI CHARITY REF - 103588 LISBURN BUILDINGS PRESERVATION TRUST (a company limited by guarantee not having a share Gypital) FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
LIS8URAI BUILDINGS PRESER VA TJON TRUST FINANCIAL STA TEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 CONTENTS Page Contents Company Information and Officers Dirertors, Report Independent Examiner's Report statement of Financial Activitie5 Balance Sheet Notes to the Financial Statements
LISBURN BUILDINGS PRESER VA TION TRUST FlhlAAICIAL STA TEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 COMPANY INFORMATION AND OFFICERS DIRECTOR5 & CONPANY SECRETAR Y D Annett Miss J Hewitt C Mcclintock D McKinstry Con7pany Secretary D Minshull INDEPENDEIVT EXAMINER Mrs N Taylor FIATI ACCOUNTAIVT Minshull & Co Charted Accountants and Registered Auditor 19 Crescent Business Park LtSBURN BT28 2GN BANKERS Danske Bank 62-66 Bow Street LISBURN BT28 IYS REGISTERED OFFICE 19 CS¢ent Business Park LISBURN BT28 2GN COMPAIVY NUMBER Regastered riumber - N1043129
LJSBURJV BUILDINGS PRESERVA TIOAI TRUST FINANCIAL STA TEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 DIRECTORS, REPORT The directors, who also art as trustees for the charitable activities of the company, present their annual report together with the financial statements for the year ended 30 September 2025. STATEMENT OF DIRECTORS. RESPONSIBILITIES Company law requires the dlrectors to prepare financial statements for each financial period which give a true and fair view of the state of the affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements the directors are required to select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unle55 It is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to engu the finaficial statements comply with the Companies Act 2006. They are also responsible for safeguardlng the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors have elected to prepare the financial statements in accordance with UK GAAP and under company law the directors must not approve the financial statements unless they a satisfied that they give a true and fair view of the state of the affairs of the company and of the profit and Ios5 of the ornpany for that period and that the reportin9 framework that had been applied in their preparation was the Charities SQRP {FRS L02 (lan 2015)). DIRECTORS The directors of the company during the financial year were as stated on page l. in accordance with the company's Articles of Association the directors tIre by rotation at the Annual General Meetlng. ACTIVITIES The company's principal activities are to secure by such means as are available for the public benefit the preservaLion, protertion and improvement of buildings or structures of particular beauty, or of historic, environmental, architectural or constructional merit or interest in Lisburn and Castlereagh City Council Area and to stimulate and educate public interest therein. In furtherance of this the company may acquire, restore, repair, renovate, and improve or add to such buildings and provide and manage them as residential or commercial pmperty. Provision may be by way of sale, let on lease or tenancy or other appropriate means of disposal. Subsequent trtr the completion of the previous project, the directors have not identified a suitable property to develop as at the signin9 of these account5, therefore there has been little financial activity during the year. The directors continue to explore opportunities to carry out the company's objectlves. RELATED PARTIES There are no related parties to report save the board of directors. RESULTS The deficit for the year was £216 (2024- 408 deficit) TAX AND CHARITABLE STATUS In May 2002 application was made to the Inland Revenue that the company be accepted as a charity and consequently it was registered as such under the reference XR56789. The company is regtStered with the Charity Commission for Northern Ireland under reference number 103588. CHARrrABLE DONATIONS The company made no donations during the year.
LJSBURN BUILDINGS PRESERVA TION TRUST PINAAICIAL STA TEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 DIRECTORS. REPORT (continued) FINANCIAL REVIEW & RESERVES POLICY Reserves at 30 September 2025 were £21, 570 The company's core expenditure is very low due to the voluntary nature of the operatlons and the retention of reserves ensures continued viability. It continues to attempt to identify projects in which it can tnake valued contributions. The profile of expenditure is as agreed with the funders when applicable. Unrestricted funds are funds which are available for use at the discretion of the directors in furtherance of the general objectives of the cornpany and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements if identified as such. Restrirted funds are funds which are to be used In accordance with specific restrlctions imposed by donors or which have been raised by the company for particular purposes. The cost of raising and administering such funds are charged against the specific fund. IMPACT OF COVID-19 The effects of the coronavirus pandemic have nc>w all ceased. There has been no material impact on the charity's sustainability due to the low overhead model and healthy reserves. The directors are satisfied that the charitable ctsrnpany can continue to endeavour to achieve its objectives. GOING CONCERN The dlrectors, having considered the charlty's Income streams, financial means and strategy for dealing wlth issues such as the impact of Covid-19, over the next 12-18 months, are satisified that the going concern basis is appropriate. FUTURE PLANS As stated above the company continues in its attempt to find relevant propertles that are in need of repair or renovation. AUDrr EXEMPTION In accordance wlth the provislons of the Companies (Nl) Order 1966 the company is exempt from the statutory audit requlrement. SMALL COMPANY RULES This report has been prepared in accordance with the special provisrons of Part 15 of the Companies Act 2006 (c46) relating to small companies and in accordance with the Financial Reporting Standard 102 Section la - Small Entities. INDEPENDENT EXAMINER The independent examiner, Mrs Nicola Taylor MIATI of Minshull & Company, Chartered Accountants and Registered Auditor, offers herself for re-appointment. CMC lintock Director BY ORDER OF THE BOARD Date 24 November 2025
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF LISBURN BUILDINGS PRESERVATION TRUST I have examined the financial statements, on pages 6 to 10, which comprise the Statement of Financial Activities, Balance Sheet and related notes of Li5burn Buildings Preservation Trust for the year ended 30 September 2025. The financial reporting framework that has been applied in their preparation is applicable law and Charities SORP IFRS 1021 and the accounting policies set OLtt therein. Respective re5ponsibilitie5 of directors and examiner The charlty's directors are responsible for the preparation of accounts. The charity's directors consider that an audit is not required for this year under section 65 of the Charities Act (Northern Ireland) 2008 and that an independent examination 15 needed. It is my responsibility to examine th@ accounts under section 65 of the Charities Act follow procedures laid down in the general directions given by the Charity Commisssion for Northern Ireland under Section 65(91(b} of the Charities Att state whether particular matters have come to my attention. Basis of independent examiner's statement My examination was carried out in accordance with general directions given by the Charity Commission for Nl, as required under section 65{9){b) of the Charities Act (Northern Ireland) 2008. An examination includes a review of the accounting records kept by the charity and a comparison of the account¢ presented with those record5. It algo includes consideration of any unusual items or disclosures in the accounts,. and seeking eXplanatOnS from the directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opiniorl is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance wlth Section 63 of the Charities Act 2. The the accounts do not accord with those accountin9 records 3. That the accounts do not comply with the accounting qUirementS of the Charities Act 4. fhat there is further infomiatlon needed for a proper understanding of the accounts to be reached. Independent examiner's Statement I have completed my examination and have no concems in respect of the matters l. to 4. listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Nicola Taylor FIATI Minshull & Co Chartered Accountants and Registered Auditor ate 24 November 2025 19 Crescent Buslness Park LISBURN 8T2B 2GIv
LISBURN 8UILDIJ¥GS PRESER VA TION TRUST FINANCIAL STA TEMENTS FOR THE YEAR EAIDED 30 SEPTEMBER 2025 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 INCOME Note restrirted unrestricted total total Activities for generating funds Donation5 Income from Charltable Activltles Revenue grants and contracts cdited Investrnent Income Bank interest 23 23 23 23 23 23 EXPENDITURE Expenditure on Charitable Actlvltles Venue and meeting expenses Total Income less charitable activities direct costs 23 23 23 Charitable activities - support costs Rent and service charge Insurance Bank interest and charges Sundry expenses 236 118 118 87 Governance costs Accountancy & Audit Fees Legal aiid prr>fessional fees 113 113 loo Total (239) (239) (431) Net in/(out}ward resources for the period 2 [216) (216) (408) Balance brought forward at i October 2024 21,786 21,786 22,194 Balance carried forward at 30 September 2025 21,570 21,570 21,786 The company made no other galns or losses durlng the year other than those stated above The notes on pages 8 to 10 form part of these accounts
LISBURN BUILDINGS PRESERVA TION TRUST FINANCIAL STA TEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 Note Fixed Assets Current Assets Prepaid expenses Cash at bank and on hand 124 22,696 56 23.011 22,820 23,067 Liabilitiw (amounts falling due within one year) Accruals 1,250 1,281 1,250 1,281 Net Current Assets 21,570 21,786 Net Assets 21,570 21,786 FUNDS General reserve 2L,570 21.786 Restricted Funds Balance at 30 September 2025 21,570 21,786 For the financial year in question the company was entitled to exemption under Section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accoLJllts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to the accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Approved, and authorised to be issued, by the Board of Directors on the date below and signed on its behalf by C Mcclintock Director Date 24 November 2025 The notes on pages 8 to 10 form part of these accounts
LISBURN BUILDINGS PRESERVA TION TRUST FINANCIAL STA TEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 NOTES TO THE FINANCIAL STATEMENTS I. ACCOUNTING POLICIES The following accounting policies have been used consistently in dealing wlth Items whSch are considered materSal in relation to the charity's financial statements. (a) Basis of Preparation The financial ststements have been prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 Section lal(effertive L January 2015) (Charities SORP {FRS102}), the Financial Reporting Standard applicable In the UK and Republic of Ireland and the Companies Act 2006. The company meets the definitlon of a public benefit entity under FRS 102. Assets and Ilabilitles ère initially cognised at historical cost or transaction value unless olherwise stated in the relevant accounting policy note. (bl ReconciTliation With Previous Generally Accepted Accounting Practice In preparlng the accounts, the dirertors have decided that in applying the accounting polioes required by FRS 102 and the Charities SORP FRS 102 no restatement of comparative items was required. (c) Preparation of the Accounts on a Going Concern Basis The company reports £216 cash outflow for the year and the directors have formulated a strategy that will secure the immediate future of the cornpany for the next 12 to 18 months and on that basis the charity is a going concern. (d) Income Income is recognised when the company has entitlement to the funds. any performance conditions have been met, It is probable that the income will be ceIved and the amount can be meaSUd rellably. Income from government and other grants. of a revenue nature. 15 recognised when the company has entitlement to the funds, any performance conditions attached to the grants have been met. it is probable that the income will be received and the amount can be measured reliably and is not repayable to the funder. Capital grants are amortlsed in line with the depreciation of the associated 3s5ets. the purchase of which has been funded by said grants. lel Donated Services and Facilities Donated professional services and donated facilities are recognised a5 incoffle when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the iten by the charity is probable and the economic benefit can be measured reliably. In accprdance with the Charties SORP {FRS 1021 general volunteer time is not recognised. On receipt. donated professional services ènd donated facilities are cOgnised on the basss of the value of the gift to the charity which 15 the amount the charity would have been willing lo pay to obtain services or faciltties of equivalent economic benefit on the open market- a CoeSpOnding amount ts then recognised in expenditure in the period of receipt. {f) Interest Receivable Interest on funds held on deposit is included when e1Vable and the amount can bemeasured reliably by the company, nomally upon notSfScatlon of the interest paid or payable by the financial Institution. (gl Fund Accounting Unrestricted funds are available to spend on activities that further any of the purpoes of the company. Designated funds are unrestrlcted funds of the charity that the directors have decided at their discretion to set aside to Use for a speciffic purpose. Restricted funds are donations which the donor has specified are to be 501ely used for partlcular areas of the company'5 work.
USBURIV BUILDINGS PRESER VA TION fRusr FINAIVCIAL STATEMENTS FOR THE YEAR EIVDED 30 SEPTEMBER 2025 NOTES TO THE FINANCIAL STATEMENTS (continued) {h) Expenditure and Irrecoverable Value Added Tax Expenditu is recognised once there is a legal or constructive obligation to make a payment to a thlrd party. it Is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. costs of raising funds comprise the costs of comfflercial trading expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the company governance and support costs indu¢Je all other costs Unrecovered Value Added Tax is charged as a cost against the activity for which the expenditure was incurred. Support Costs Support costs are dlsclosed separately In the Statement of Flnanclal Actlvities. Tangible Fixed Assets and depreciation Tangible fixed assets costing £200 or more a stated in the accounts at original cost less depreciation in order to write off the cost of fixed assets, over their estimated useful lives, using the following annual rate Flxtures, fittings and equipment 33.330/0 Ikl Debtors Debtors and accrued lnc.ome a recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount pPad. Cash at Bank •nd in Hand Cash at bank and cash In hBnd includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. {m} Creditors and Provisions Credltors and provisions are recognised where the company has a present obllgation resultlng from a past event that will probably restjlt in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are norrnally recognised at their setuement arnount after any di5count5. In) Financial Instruments The company only has financial assets and financial liabi1Sties of a klnd that qualify as basic fjnancial instrument5. Basic financial instruments are Initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. (o) Exemption from preparing a cashflow statement Exemption has been taken from pparIng a cashflow statement on the grounds that the company qualifies as a small company. Ip) Company status and members 117ability The company Is Ilmlted by guarantee. The members are the trustees, that Ss the commlttee as Ilsted on page 2. The liablllty Sn respect of the guarantee Is £1 per member of the charity. 2. DEFICIT/SURPLUS FOR THE YEAR IS STATED AFTER CHARGING: Accountancy Fees Audit Fees
LISBURN BUILDINGS PRESERVA TION TRUST FINANCIAL STA TEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 NOTES TO THE FINANCIAL sfAfEMENrs (continued) 3. DIRECTORS The directors received no emoluments nor expenses during the period. 4. EMPLOYEES Alumber of employees The average weekly number of persons employed by the cornpany, excluding directors. during the year was.. 2025 2024 number number Managerial and administration The remuneration paid to the employees was Wages and salaries 5. RESTRICTED FUNDS SUMMARY Opening Balance Income/ Expeoditure/ CdItS Transfers Closing Balance There was no niovement on restricted fund5 6. RELATED PARTY There were no related party transactions to note. 7 CORPORATION TAX The company is exempt fmm tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Att 1992 to the extent that these are applied to its charitable objects. 8. STATUTORY INFORMATION L¢sburn Buildings Preservation Trust is a private company, limited by guarantee, registered in Northern Ireland. The company's registered number and reg15ter office addsS can be found on the company infomation page. The presentation currency of the financial statements is the Ptsund Sterling (£1. 10-