The Latt House Trust Annual Report and Receipts and Payments Account For the period 1st January 2024 to 31st December 2024 Northern Ireland Charities Number: 104753 The Latt House Trust Contents Page Charity Information Trustee's Annual Report Independent Examiner's Report to the Trustees Statement of Receipts and Payments ststement 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 Banbrid8e BT32 3HN Bankers: Danske Bank Independent Examiner's Report to The Latt House Trust I report on the account5 of the charity for the perlod ended 31st December 2024 which are set out on pages 4- Respertlve responsibllftles of Trustees and Examiner As the charitrfs trustees you are responslble for the preparation of the accounts in accordance with the Charitie5 Act {Northem Ireland) 2008. It is my responsibility to: • examine 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 Charitie5 Art: and state whether particular matters have come to my attention. Basts of Independent Examlnerfs report I have examined your charity accounts as required under section 65 of the Charltles Att and my examlnatlon wa5 carrled out in accordance wlth the general Dlrection5 given by the Charity Commission for Northern Ireland under section 6519llbl of the Charjtles Act. My examination included a review of the accountin8 records kept by the charity and a comparison of the accounts presented with those records. It also included considerntlon of any unusual items or dlsclosures In the accounts, and seeklng explanations from you as charitytrustees concemlng any such matters. 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 accordan￿ wlth 5ertion 63 of the Charities Art 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 fi)r 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 matters11) to14) listed above and, In connection wlth following the Direction5 of the Charity Commission for Northem Ireland, I have found no matters that requlre drawlng to your attentlon. Brian Magennls. CCA FCA For and behalf of 5.M. Wint & Co Chartered Certlfled Accountants & Re8i5tered Audltors 8 Newry Road Banbrldge BT32 3HN 28th October 2024 The Latt House Trust Statement of Receipts & Payments for the period ended 31st December 2024 Unrestricted Restritted Note funds funds Total funds Income and endowments from: Donations Total Income 3,000 3,000 3,000 3.000 Expenditure on: Charitable Activities Total expendlture Net Income / (expendlture) resources 3,204 3,204 -204 3,204 3.204 -204 The Latt House Trust ststement of Assets & Liabillties- Period Ended 31st December 2024 2024 2023 Reconciliatlon of funds at 31.12.24 Total funds brought forward Surplu5/(deficit) this year end Total funds carried forward 1034 -204 830 1,066 -32 1,034 Bank & Cash Balances Cash at bank and in hand 830 830 1,034 1.034 Represented by Unrestricted funds Restricted funds Total Funds 830 1,034 830 1,034 Notes on pages 6 to 7 are an Integral part of these flnancial 5tatementS. The financial statements on pages 4 to 5 were approved by the Board of Trustees on 28rd October 2024 and signed on its behalf by: MrThomas Sh. The Latt House Trust Notes to the financlal statements for the period ended 31st December 2024 l. Accountlng policies The prlncipal accounting policies adopted, judgements and key sources of estimation uncertalnty in the preparation of the financial statements are as follows: a) Preparatlon of accounts on a going concern basis The charity generally meets its day to day working capital requirements from it5 annual income. TheTru5tee5 have obtained and reviewed cash flow forecasts for the coming year and based on these are sat15fied that the charity has resources to provide a reasonable expectation that it can continue to meet its financial obligations a5 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 rÈcelpts basi5 as the amount is collerted and are allocated as either restricted or unrestricted funds attordlng to the terms of the donation. c) Expendfture Expenditure Is recognised on a cash payments basis. d) Cash and cash equlvalents Cash and cash equivalents includes cash in hand. deposits held at call with bank5. Other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. e} Funds Funds are classified as either restrirted funds or unrestricted funds, defined a5 follow5: Restrirted funds are funds subject to specific requirements 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 objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated a5 a Separate fund. This designation ha5 an administrative purpose only and does not legally restrict the trustees, discretion to 2pply the fund. 2. Donatlons Unrestrlcted Restricted Total 2024 Donatlon5 3,000 3,000 3.000 3,000 3. Analysis of Expendlture Unrestricted Restrfrted Total 2024 Charltable Artivities Bursarles Bank Fees Catering 3,000 32 172 3.204 32 172 3,204 Total Expenditure 3.204 3,204 4. Taxatlon The Latt House Trust 15 recognlsed as a charity forthe purposes of applicable taxatlon legislation and Is therefore not subject to taxation on Its charStable activities. 5. Analysls of trustee remuneratlon and expenses. No trustee received any payments other than for out of pocket expenses incurred.