REGISTERED CHARITY NUMBER: 105350 ort ofthe Tnjstees and Unaudited Financial Statements for the Year Ended 31 Morch 2025 for ni slea Comm iation
Lislea Communtt Association Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report Ststement of Financial ActNities Balance Sheet Note5 to the Financial Ststements 5t06 Detailed Statement of Financial Activrties 7t08
Lislea Communl Association Re ort of the Trustees for the Year Ended 31 March 2025 Thetrustees presenttheirreportwith the financial statements of thecharity fortheyear ended 31 March 2025. Thetrustee5 have adopted the provisions of the Stalement of Recommended Practice ISORPI 'Accountin8 and Reporting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 105350 Principal address 112 8311yards Road Armagh Co. Armagh BT60 3JH Trustees Sean Gordon Sheila Mccreesh Paul Gordon Kenneth Johnston Bernie McKinney Gabriel McGuigan Maura Murphy Kathleen Duffy Sheila McAuley Berni McAnallen Betty McGurgan Mary Murphv Pat Mcmahon Independent examiner O'connor & Co Accountants Unitl 49 Keady Road Armagh Co. Armagh 8T60 3NW STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity 15 controlled by its governing document. a deed of trust, and constitutes an unincorporated charity. Risk management The trustees have a dutyto identify and reviewthe riskstowhich the charlty Isexposed and tOenSu approprlate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on 19 June 2025 and signed on tts behalf by: Sean Gordon- Chairperson Pa8e I
Inde endent Examiner's Re rt to the Trustees of Lislea Communi Association I report on the account5 for the year ended 31 Marth 2025, which are set out on pages three to seven. Responsibilitle5 and basis of report As the charity's trustees you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Act 20111'the Act'l. I have examined your charity's accounts as required under sertion 145 of the Charities Art 20111.the Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 1451511bl of the 2011 Act. My role is to state whether any material matters have come to my attention giving me cause to believe: that accounting records were not kept as required by section 130 of the Act: or that the accounts do not accord with those records,. or that the accounts do not comply with the accounting requirements of the Act,'or 4. that there is further information needed for a proper undeistanding of the accounts. Independent examiner's statement I have Completed my examination and have no concerns in respect of the matters111 to141 listed above and, in connectlon with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. O'connor & Co Accountants Unit i 49 Keady Road Armagh BT60 3NW 19 June 202S Pa8e 2
Llslea Communi Association Statement of Financial Attivitie5 for the Year Ended 31 March 2025 31.3.25 Unrestricted fund INCOMING RESOURCES Incoming resource5 frorn genernted funds Notes Activities for generating funds Armagh City, Banbridge & Craigavon Borough Council FAP Grant PHA Clear Small Grants Donations 8,340 2,470 2,414 492 Total incoming resources 13,716 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Charitable activities Donations Governance costs Other resources expended 4.259 750 5,283 10,292 Totsl resources expended NET INCOMING RESOURCES 3,424 RECONCILIATION OF FUNDS Totsl fund5 brou8ht forward 41,642 TOTAL FUNDS CARRIED FORWARD 45.066 The notes form of these flnan¢Sal statements Pa8e 3
Lislea Communi Association Balance Sheet At 31 March 2025 314)3-2025 314)3-2024 Notes FIXED ASSETS Tangible assets 11,535 12,067 CURRENT ASSETS Debtors 15,722 17,OLM) Cash at bank 18,559 13,325 34,281 30,325 CREDITORS Amounts falling due within one year NEf CURRENT ASSETS -750 -750 33,531 29,575 TOTAL ASSETS LESS CURRENT LIABILITIES 45,066 41,642 NET ASSETS FUNDS Unrestricted funds 45,066 41,642 TOTAL FUNDS 45,066 41,642 The financial 5tstements were approved by the Board ol Trustees on 19 June 2025 and were s18ned on its behalf by: Sean Gordon <hairperson Kathleen Duffy - Treasurer The notes form part ol these flnanclal ststements Page 4
ACCOUNTING POLICIES Accountln8 conventlon The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities leffective April 20081, the charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charitie5. Incomlng resources All incoming resources are included on the Statement of Financial Artivities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to thecategory. Wherecostscannotbedirectly attributed toparticular headin8S theyhave been allocated to activitieson a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures & Fittings 20% Reducing Balance Th¥ation The charity is exempt from tax on its charitable attivities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trusrees. Restricted funds can only be used for particular restrirted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the note5 to the financial statements. Hire purchase and leasin8 commitments Rentals paid under operating leases are char8ed to the Statement of Financial Artivities on a straight line basis over the period of the lease. AcfiviTIES FOR GENERATING FUNDS 31103125 Donation Grants Monthly Draw ACBC Borough Council FAP Grant Activities for generatin8 funds 492 2.414 4.020 2.470 4,320 13,716 INVESTMENT INCOME 31103125 Rents received Bank interest received TRusfEES' REMUNERATION ANDBENEFITS There were no trustees, remuneratlon or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2025. Trustees. expenses There were no trustees, expenses pald for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page S
TANGIBLE FIXED ASSET5 Freehold property 8,184 Fixtures and ffttings COST Additions 3,883 245 DEPRECIATION Charqe for year 777 At 31 March 2025 8,184 8,184 3,351 3,883 At 31 March 2024 DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR 3V03125 Other debtors 17,CUI CREDITORS.'AMOUNTS FALLNG OUE WITHIN ONE YEAR 3V03125 Other creditors MOVEMENT INFUNOS Net mthement In funds At 1.4.24 Unrestrirted funds General fund 41.642 3.424 TOTAL FUNDS 41.642 3,424 Page 6
Voluntary income Donations Monthly Draw Grants 3111 March 2025 3111 M*reh 2024 492 4,020 2,638 5,740 6,188 9.396 14.566 Activities for generating funds Fundraising events Sponsorships 4,320 Investment income Rents received Totsl incoming SoUrceS 13.716 14566 RESOURCES EXPENDED Costs of generating voluntary incorne Advertising Draw Prizes Consumables Refreshments Coaches and Leaders Christmas Dinner Hire of Equipment Medals 1.450 470 4.135 735 247 1.428 3.967 Charitsble activities Drama Royalties 210 Legal & Professional Fees Accountsncy 750 Support costs Finance Bank ch3r8es Fixtures and fIngs 73 Computer Costs Other Rent Rates and water Insurance Sundry Signage Christmas Switch Carried forward 754 287 320 399 1.239
Other Brought forward 1,239 Light and heat Telephone Postage and stationery Repairs & Maintenance Depreciation Fire Safety 1,280 1.918 180 1,538 777 278 150 1.142 971 131 5,292 6379 Total resources expended 10,292 15.974 3,424 282 Net Surplus Pa8e 8