## **LAGAN CURRACHS**
## **Financial Statement of Account**
**for the year ended 31st December 2022**
CCNI Reg: 104209
## **Independent Examiners Report**
## **We report on the financial statements of Lagan Currachs for the year ended 31[st] December 2022, which are set out on pages 1 to 3.**
## **Respective responsibilities of trustees and independent examiner:**
The Charity’s trustees are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 62(2) of the Charities Act (Northern Ireland) 2008 and that an independent examination is needed.
It is our responsibility to
- examine the financial statements under section 65 of the Charities Act (Northern Ireland) 2008.
- to follow the procedures laid down in the general direction given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 2008.
- to state whether particulars matters have come to my attention.
## **Basis of the Independent examiner's statement**
Our examination was carried in accordance with the general directions given by the Charities Commission for Northern Ireland. An examination includes a review of the accounting records kept by the charity and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a “true and fair” and the report is limited to those matters set out in the next statement.
## **Independent examiner's statement**
In connection with our examination, no matter has come to our attention;
- 1) which gives us reasonable cause to believe that in any material respect the requirements:
- to kept accounting records in accordance with section 63 of the Charities Act .
- to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Charities Act 2008.
## have not been met or
- 2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached
## ____________________________
For and on behalf of Ian Murray & Co. Ltd, Chartered Certified Accountants 27 Joymount, Carrickfergus, BT38 7DN
**Dated: 22[nd] September 2023**
**LAGAN CURRACHS**
## **Receipts and Payments Account for the year ended 31st December 2022**
|Receipts
Grant Income
Maritime Festival
Membership Fees
Fundraising
Compensation
Payments
Training
Equipment
Overheads (Insurance etc.)
Maintenance of equipment
Volunteer recognition
Expedition
Purchase of Assets
**Net receipts/ (Payments)**
**before transfers between funds**
Transfers between Funds
**Net Operating Surplus/ (Deficit)**
Cash Funds at beginning of year
Cash funds at end of year|**Unrestricted**
**Restricted Endowment**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
£
£
£
£
0
1,200
1,200
1,000
1,000
1,451
1,451
305
305
0
2,756
1,200
0
3,956
75
445
520
46
46
2,801
41
2,842
980
250
1,230
146
146
0
87
3,874
3,961
4,135
4,610
0
8,745
(1,379)
(3,410)
(4,789)
0
(1,379)
(3,410)
0
(4,789)
8,257
4,697
12,954
6,878
1,287
0
8,165|**Total**
**2021**
11,000
700
1,510
1,646
0
14,856
750
0
814
431
0
0
5,738
7,733
7,123
0
7,123
5,831
12,954|
|---|---|---|
**CCNI Reg: 104209**
**Page 1**
**LAGAN CURRACHS**
## **Statement of Assets & Liabilities**
|**Deposition of funds**
**Unrestricted**
**Restricted Endowment**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
£
£
£
£
**Held as followings:**
Bank Current Account
6,878
1,287
0
8,165
Cash in hand
0
6,878
1,287
0
8,165
**Assets retained for the charity's own use**
**Unrestricted**
**Restricted Endowment**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
£
£
£
£
33ft Currach (1 no.)
15,000
15,000
25ft Currach (2 no.)
10,000
10,000
Trailer (2 no.)
3,800
6,000
Equipment
5,000
5,000
33,800
0
0
36,000|**Total**
**2021**
12,954
0
12,954
**Total**
**2021**
15,000
10,000
3,800
5,000
33,800|
|---|---|
The above valuation is based on the Trustee estimates and used for Insurance purposes.
## **Statement of Material Liabilities**
The Trustees are not aware of any material liabilities at the date of this Report
## **Approved by the trustees and signed on their behalf by:-**
Tim Bloomer Ken Geary _**______________________ _______________________**_ **Trustee Trustee**
Dated: 25/01/2023 Dated: 25/01/2023
**CCNI Reg: 104209**
**Page 2**
**LAGAN CURRACHS**
## **Notes to the Accounts**
## **Basis of Accounting under Receipts & Payments**
Revenue that the Charity is entitled to is recorded when received, expenditure that the Charity incurred is recorded when paid.
## **Purpose and nature of funds**
General unrestricted fund : These are funds that have been received carrying no restriction on their use and are put to purpose at the discretion of the trustees in furtherance of the objects of the Charity.
Restricted funds: are funds subject to specific trusts, which are declared by the donor(s) and are expendable by the trustees in furtherance of some particular aspect(s) of the objects of the charity. These funds are subject to restriction (as to their use) imposed by those from whom the funds are obtained. Resources received but not yet expended at the end of the financial year are retained as a reserve.
Endowment funds: where there is no power to convert the capital into income, is known as a permanent endowment fund and the capital is normally held indefinitely. Where trustees have the power to convert endowment funds into income, such funds are known as expendable Any funds held under this classification by the Charity are permanent.
## **Trustee benefits**
No trustee was in receipt of benefits from the Charity during the year ended 31st December 2022.
**CCNI Reg: 104209**
**Page 3**