The latt House Trust Annual Report and Receipts and Payments Account For the period 1st January 2023 to 31st December 2023 Northern Ireland Charitie5 Number: 104753 The Latt House Trust Content5 Page Charity Information Trustee's Annual Report Independent Examiner's Report to the Trustees Statement of Receipts and Payments Statement of Assets and Liabilities Notes to the Financial Statements The Latt House Trust References and administrative details Charity Name: The Latt House Trust Charity Registration Number: 104753 Contact Address: 15 Knollwood Seapatrick Banbridge Co Down BT32 4PE Trustees: Thomas Shields Lynda Shields Sean Treanor Martin Shields Independent Examiner.. S.M. Vint & Co 8 Newry Road Banbridge BT32 3HN Bankers.. Danske Bank The Latt House Trust (LHT) (N.[. Tharty Ret. No. 104753) TTUStees' Annual Report for 2023 Thursday 14° December 2013 All[W￿ Report ofTr Latr Housc TTUrt for 2023 Prescnt. irfft￿. Mr. MJrtin Shiclds Secrctiry . Ntr. Tom Shidds Treasurer- Mrs. LTrnda Sluclds TnLStees - Mr. Sean Tteanor Thc tatt House Tn￿t {L￿D Chanty 15 L small r1}￿lty ivhich M'as established in order io encouragc young stlldcnts froTn part of N0rd￿M Irela￿d (IlanbndgG Fs'eSVT)', KJll(eel area) to appl), for eiitr>' to Oyford umV¢￿ity or Lambridge lJniversitr. The charitable purpose of dic tAtt House Tru5C is ts) encourage sthdents to further th￿￿ education31 experience thus bcnefit the broader piiblir g(x>(L The lAtt House Trust I￿lieVe tliat furthcKing the educatt.on of ILd stud¢nts Oxford 2nd Cambtidge ljrnversilics Bill bc to the ad￿-￿it￿ of iiut only the IoLal area but also Northcrn Ireland a8 a wholc. We believc that the Ixlli2ries aw2rded bave helped to a￿lIaIn and promote. the aims of the ch*7ty'. Thc IAtt House Trust its rrK)Dcy from Its sll]gle b￿￿traCtr)r, Nknin Shields* past pupd of Banbndge Academv. and each vttar the success￿1 2ppli(gJ)ts receive a £1,000 Burs￿￿. This BunaryT ￿ paid to the studcnts in dieir first year at L￿versIty. The Tnjstees of the Latt Housc Trust ts) diseuss wid kn award the Bursanes. Over the past thirtecn }eaJ5 a ts)tsl of 28 s￿de[￿S frorn the have bcncfitt¢d Irom tbe Latt Hou5¢ Tn￿t Jurs3ne5. There were five Applications lor a IAt House TnLSt Bursary for this a(2dcmic year. The applicdnts were Banbridge Aixlemy? ]13nbridge, Kdkeel High School, Kilked, and SaiTcd Heart Gramn]at School, Nefflry. The Bursary of£l,(K)O ivill be PTesentcd to all fve It the Iirr Bursary Presentation Evening in the Belmont Hotrl, B3nbiid¥e 'Tkt AT]nual Rcportiw approvcd. Th¥re STas no fiuther business. irn sth£G& (Sffcretsry) &4 (¢fre(LNrEr) Independent Examiner's Report to The Latt House Trust I report on the accounts of the charity forthe period ended 31st December 2023 which are set out on pages 4- Respective responsibilities of Trustees and Examiner As the charitrfs trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Irelandl 2008. It is my responsibility to.. exa mine the accounts under section 65 of the Charities Act- follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act- and state whether particular matters have come to my attention. Basis of Independent Examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination wa5 carried out in accordance with the general Directions given by the Charity Cornmission for Northern Ireland under section 6519llbl of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosLJres in the accounts, and seeking explanations from you as charity tiustees concerning any such matters. My role is to state whether any material matter5 have come to my attention giving me cause to believe.. l. That accounting records were not kept in accordance with section 63 of the Chartties Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the Matters (11 to14) 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. Brian Magennis, FCCA FCA For and behalf of S.M. Vint & Co Chartered Certified Accountants & Registered Auditors 8 Newry Road Banbridge BT32 3HN 23rd October 2024 The Latt House Trust Statement of Receipts & Payments for the period ended 31st December 2023 Unrestricted Restrirted Note funds funds Total funds Income and endowments from: Donations Total income 5,000 5.000 5,000 5,000 Expenditure on: Cha ritab le Activities Total expenditure Net income / (expenditure) resources 5.032 5.032 -32 5.032 5,032 -32 The Latt House Trust Statement of Assets & Liabilities- Period Ended 31st December 2023 2023 Reconciliation of funds at 31.12.23 Total funds brought forward Su rplus/ldeficit) this year end Total fund5 carried forward 1,066 -32 1,034 Bank & Cash Balances Cash at bank and in hand 1,034 1,034 Represented by Unrestricted funds Restricted funds Total Funds 1,034 1.034 Notes on pages 6 to 7 are an integral part of these financial statements. The financial statements on pages 4 to 5 were approved by the Board of Trustees on 23rd October 2024 and signed on its behalf by: Mr Thomas Shields The Latt House Trust Notes to the financial statements for the period ended 31st December 2023 l. Accounting policies The principal accounting policie5 adopted, judgements and key source5 of estimation uncertainty in the preparation of the financia I statements are as follows: al Preparation of accounts on a going concern basis The charity generally meets its day to day working capital requirements from its annual income. The Trustees have obtained and ieviewed cash flow forecasts for the coming year and based on these are satisfied thèt the charity has resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going concern basis b) Income Income is accounted for on a cash receipts basis as the amount is collected and are allocated as either restricted or unrestricted fund5 according to the terms of the donation. c) Expenditure Expenditure is recognised on a cash payments basis. d) Cash and cash equivalents Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. e) Funds Funds are classified as either restricted funds or unrestricted funds, defined as follows: Restricted funds are funds subject to specific requirernents as to their use which may be declared by the donor or with their authority or created through legal processes. but still within the wider objects of the Club. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the object5 of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose. they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees, discretion to apply the fund. 2. Donations Unrestricted Restricted Total 2023 Donations 5,000 5.000 5.000 5,000 3. Analysis of Expenditure Unrestricted Restricted Total 2023 Charitable Activities Bursaries Bank Fees Presentation Evening 5.000 32 5,000 32 5,032 5,032 Total Expenditure 5.032 5.032 4. Taxation The Latt House Trust Is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. 5. Analysis of trustee remuneration and expenses. No trustee received any payments other than for out of pocket expenses incurred.