COMPANY REGISTRATION NUMBER N1642096 LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STDECEMBER 2022 Charity Number NIC 106313
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 CONTENTS PAGE Members of the Board and professional advisers Directors, Annual Report Independent auditors, report Statement of financial activities (including the income and expenditure account) Balance sheet 12 13 Statement of cash flows 14 Notes to the financial statements 15
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE EMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Page 1 Registered charity name Charity registration number Lord Enniskillen Memorial Orange Society NIC 106313 Company number N1642096 Registered office Schomberg House 368 Cregagh Road Belfast BT6 9EY Directors H M Bishop S F Brooker B A Dorrian R S A Gardiner Rev M Gibson NRAHenry Rev R R Johnstone Rev J Mcclean R G S Mclldoon D W C Reaney Rev A S Smyth O E Stevenson Company Secretary B A Dorrian Auditor Jackson Andrews Chartered Accountants & Statutory Auditor Andras House 60 Great Victoria Street Belfast BT2 7ET Bankers Danske Bank Business Banking POBox183 Donegall Square West Belfast BT1 6JS Solicitors Edwards & Co 28 Hill Street Belfast BT12LA
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT Page 2 YEAR ENDED 31 DECEMBER 2022 Tlie dii'ectoi's have pleasLlI-e iii presentiiig tlieii- I'epoit and Ilie aLidiled finaiicial stateiiieiits of the cliai-itable coinpaiiy for tlie year elided J l DeceiTrbei- 20?? Tlie dii'ectoi-s have adopted tlie pi'ovisioiis of tlie Stateineiit of Recoiiinieiided Pi?ctice (SORP) "Accoiinling aiid Repoitiiig by Chai-ities, {FRS 102) iii prepai-iTtg the annLial report and fiiiaiicial stateineiils of tlie charitable coinpaiiy. The finaiicial stateinents liave been pi'epared in accordaiice witli Ilie accoLintiiig policies Set OLIt in notes to tlie fiiiaiicial stateineiits, applicable accoLlI)tiiig Standards inclLidiiig AccoLlllting and Repoi'tino by Charities-. Stateineiit of Recoininended Practice api)l iC<1ble lo cliai'ities prepai'iiig tlieii- accoun15 in accoi-daiice witli tlie Finaiicial Repoitiiig Staiidard applicable in tlie UK c111d RepLiblic of Irelaiid iSSLied in Octobei. ?019. tlie Fiiiaiicial Reportiiig Staiidai'd applicable iii the Uiiited Kiiigdoiii and Repiiblic of Irelai)d (FRS I O?): tlie Cliai'ities Act (Noi-Iliei-11 li-elaiid) ?008, Cliic l-ities Act {Noi-tlici'n Irelaiid) ?0 l ), Tlie Cliarities (Accouiits aiid Repoits) ReoLilati0115 (Noitlierii Ii-elaiid) ?015: Coinpaiiies Act ?006: tlie cl)ai-itable coinpaiiy's oovei-iijiio docLiiiiei)t aiid UIC Geiiei-ally Accepted AccoLllltin(F Pi-actice. REFERENCE AND ADMINISTRATIVE DETAILS Re(FiStered cliarit), name Cliarity registratyon number Loi-d Eiiiiiskilleii Meinorial Oran(re Society NIC 106JlJ Company number N164?096 ReIstered office Sclioinbei'o Hoiise, J68 Cregagli Road: Belfast: BT6 9EY Company Secretary B A Doiyian Auditor Jackson Andi'ews. Chariered Accouiitants & Statiitoiy ALiditoi'. And1 House, 60 Gi-eat Victoria Sti-eet, Belfast, BV 7ET Bankers Daiiske Bank, Busines5 Bankiiig. P.O.Box 18J, Doiiegall Sqiiai-e West, Belfast, B T16JS Solicitors Edwai'ds & Co, 28 Hill Street, Belfast, BTI 2LA THE DIRECTORS Tlie dii-ectoi's of tlie charitable COlTJpany al-e its triistees foi- the purpose of chai-ity law. Tlie directors wlio sei-ved tlie coiiipany dLlI'iiig the yeai. wei-e as follows: H M Bisliop S F Brookei. B A Dori-ian R S A Gai-diiiei. Rev M Gibson NRAHenry Rev R R Jolinstone Rev J Mccleaii R G S Mclldooii D NV C Reaiiey RPReid Rev A S Siiiytli O E Steveiisoii Appoiiited ? I JLiiie ?0?? Resigiied ?8 Febi-Llcll'y ?0??
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE Page 3 DIRECTORS, ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2022 STRUCTURE, GOVERNANCE AND MANAGEMEI NT PUBLIC BENEI FIT STATEMENT The dii-ectoi-s of Loi-d Enniskilleii Meinorial Oraiige Society confinii that they have had diie I'eoard foi. tlie Oliidaiice on Public Benefit by tlie Cliai'ity Coniiiiission foi. Noithei'n Ireland aiid are pleased to repoit tliat dLlI-iiig tlie yeai. tlie cliai'ilable company c021tiniied to pi'ovide the PLiblic Benefits tliroLiiyII pi'oTriziniiies and seivices ive offei-. Iii paitlCLilar, tlie dii'ectoi's considei. liow plaiined activities will coiiti-ibLlte lo tlie aiiiis and objectives they liave set. Public Benefits: Cliildi-eii and faiiiilies iii iiecessitoiis circLiiiislaiices are assisted aiid poveity is relieved. Fainilies have sufficient I'esoLlI'ces so tliat cliildren's welfare does iiot iiiiduly SLiffei- due to bei'eaveiiient, sickiiess 01- otliei. caiises of povei-lylliardsliip. aiid tlie cal-e aiid developnienl of cl)ildi'eii is not coinproinised. The benefits cali be deinonstrated froin feedback fi'oin oi'ant recipieiits aiid siippoiling 01-gaiiisatioiis. Govei"ning document Loi-d Eni)iskilleii Meiiioi-ial Oi-aiioe Societ)i is a chai'itable company liinited by guarantee and doc5 not liave any sliai'e capital. It Mias incoi-poi'aled 011 I l Noveiiibei- ?016 aiid i-egistei-ed (Is a charity with Tlie Cliai-ity Coiiiiiiission foi- Noithem Irelaiid on 5 Febi-Liai'y ?018. In tlie event of tlie coinpaiiy bciiio woiind up Imeiiibei's are reqiiii'ed to coiiti-ibute an ainoiinl not exceeding £1. Reci'uitment, appointment, induction rf4n(I trainintF The dii-ectoi's I'egLilai-l)' I'eview tlie IEquireineiits of the eliai'itable coinpany and the possibility. of a need foi- additional dii-ectols. Any lie, dii'ectors M'ould be appoiiited by i-esolLltion of a Ineeting of all tli¢ directols passed by a Inajoi'ity of tliose pi'esent. Appropriate Iraining aiid indiiction is available to all dii'ectois. Risk managenient Tlie dii-ectoi's liave assessed the inajoi. risks to whicli the cliaritable coiiipaiiy is exposed. in pailiciilai. tIIose I'elated to the ope12tions and fiiiances of tlie cliai'itable coinpany.. aiid are satisfied tliat sysleins are in place to Initioale ali exposLlI'e to Iiiajoi- i-isks. Wheir appi'opi-iate, systeiiis 01- procedure5 liave been establislied to Iniligate tlie i-isks tlie cliaritable coinpaiiy faces. Iiiternal conti-ol I'isks al-e Iniiiiinised by tlie iinpleinentation of pi-ocediii'es foi- autlioi'isation of all ti'aiisactioiis aiid pi'ojects. Procediires al'e iii place to ensiire coinpliaiice witli liealtli ai)d safcty of staff: volLiiileeis. clients aiid visitors. Tliese pi'ocediires al-e pei-iodically reVIe,ed at least aniiuall), to eiisiire tliat tliey coiitinue to iiieet Ilie needs of tlie cliai'ilable coiiipaiiy. Oi"ganis&qtion Sti'uctures and relite(I parties Tlie dii'ectoi-s oversee tlie i-Linniiio of tl)e cliai-itable coinpany. Gi'ai)d Oi'aiioe Lodge of li'elaiid 15 I'elated to tlie cliai-itable conipaiiy. OBJECTIVES AND ACTIVITIES Loi'd Eiinisk-i Ilen Meiiioi'i?c l Oi'aiioc Sociely pi-ovidcs ui'(Iiils to i-clieve poveily.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2022 Page 4 ACHIEVCMENTS AND PERFORMANCC Total incoine toi. tlie yeai- ainoiinted lo £455:) l ) (?0?1 . £456,061). Incoiiie dei'ived fi-oiii doiialioiis and legacies ainounted to £104,4)6 (2021: £97:506) and invesiment iiicoine aiytounted to £)50.877 (?021: £J58,555}. Total expenditui-e foi- tlie )ieai' ainoLiiiled to £451.514 (2021.. £J78:498). The cost of i-aisiiio fLiiids ainoLinted to £iL,54) (2021= £JJ,497) aiid cost of cliaritable activities amounted lo £418.97] {?021: £J45.001). Tlie net iiiconie foi- tlie yeai- before iiivestineiit gai11s or losses ainoiiiited to £J,799 (?0?1 .' £77.56J iiet iiicoiiie). Resei-vcs policy Tlie charity's policy is to Inaiiitain resei'ves at SLicli a level as limits l-lsks froin futLlI'e downliiill iii chai-ity incoine oi. fi'oin iiici-eased expenditLlI-e iii Ilie longei- tei'in, iiicludin(F expenditLlI'e on fixed assets. Tlii5 pi'ovides sufficieiit fiinds to covei. rLiiiiiino costs wliicli inclLide Inaiiaoeiiieiit. admi1iistratioii and suppoil costs. fl'ee reserves al-e tliose Linrestricted i-eserves iiot desigiiated iioi. invested iii fixed assets H'hicli are available foi- oene121 use. The ti'iistees al'e partlclilarly conscioiis tliat volLllltar}' doiiatlOT15 aiid legacy iiicoine cannot be I'elied oli as a coiilinLliliO aiid ceilain 5011rce of incoiiiing i-esoiirces for tlie fulLlI-e aiid is also awai'e of tlie Iieed to guard aoainst tlie vagai-ies of stock Inai-ket perfoi-lnance. Funding Tlie pi'incipal funding is froin doiiations aiid iiivestnient incoine. PLANS FOR FUTURI PERIODS Tlie dii-ectoi's envisage tliere will be no cliaiige iii the cliai'ity's objectives and activities for tlie foi-eseeable future. RESPONSIBILITIES OF THE DIRECTORS Tlie trustees (who al-e also tlie dii-ectors of Loi'd Eiiiiiskilleii Meiiioi-ial Society for the PLlI'poses of colmpany law} al-e I'espoiisible foi. pi-epai'ing the Dii-ectors AiinLial Repoit and tlie fiiiaiicial slaten)eIits iii accoi'dance ivitli applicable law and Uiiited Kiiigdoiii AccoLintiiig Staiidards (United Kingdoin Genei-ally Accepied Accoiinting Pi-actice) iiicliidin(F FRS 10? applicable iii tlie UK aiid Republic of Ii'eland". 'The Fiiiancial Reportiiig Siai)dai-d Tlie laiv applicable to cliai'ities in Noi11ierii li'eliciid I'eqiiiies tlie dii'ectors to prepai'e finaiicial stateineiits foi. eacli fiiiancial period M,hicli give a tl-Lie aiid fail. vieiv of tlie state of affaii's of tlie cliai-itable coinpaiiy and of tlie incoilliiig i-esoLlI-ces aiid application of I'esoiirces: iiiclLidiiio tlie iiicoiiie aiid expeiiditiire: of tlie cliarilable coinpaiiy for tliat pei'iod.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2022 Page 5 RESPONSIBILITIES OF THE DIRECTORS (coiilinued) In preparing tliese financial stateillents, tlie directors are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2019 (FRS 102)- make judgements and accounting estiinates thal are i-easonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any inaterial departures disclosed and explained in tlie financial statements- prepare the financial statements on the going concern basis unless it is inappropriate to presume tliat the cliaritable coinpany will continue in operation. Tlie trustees are responsible for keepints proper accountino records that disclose with reasonable accuracy at any time the financial position of tlie cliaritable company and enable them to ensure that the financial stateinents comply with the Companies Act 2006, Charities Act (Northern Ireland) 2008 and Tlie Charities (Accounts and Reports) RegLilations (Northern Ireland) 20I5. The directors are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and otlier irregularities. The trustees are responsible for tlie maintenance and integrity of the corporate financial information included on the cliaritable company's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In so far as the directors ar¢ aware: there is no relevant audit inforn]ation of whicli the charitable company's auditors are unaivare. and the directors have taken all steps that they ought to have taken to make theinselves aware of any relevant audit infomation and to establish that the charitable company's auditors are aware of tliat information. INDEPENDEI NT AUDITORS Jackson Andrews Chartered Accountants has indicated their willingness to remain in office and a resolution for their re-election will be proposed at the forthcoming Annual General Meeting. SMALL COMPANY EXEMPTIONS Tliis report has been prepared in accordance with tl)e special provisions for small companies under Part 15 of the Coinpanies Act 2006. Registered office: Scliombei'g House 368 Cregagh Road Belfast BT6 9EY Signed by order of the trustees O E Stevenson Director Date:
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LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY Page 6 YEAR ENDED 31 DECEIVIBER 2022 Opinion We have audited tlie finaiicial stateineiils of Lord Eiiiiiskilleii Meiiioi'ial Oi-aiige Society (the 'cliai'itable coinpaiiy,) foi. tlie year elided J l Deceiiibei. ?0?2 wliich coinpi-ise tlie Stateineiit of Financial Activities (iiicliidiiio incoiiie and expenditui'e accoLint), tlie Balaiice Slieet, tlie Statenieiit ot Casli Flows and Iiotes to tl)e fiiiancial stateineiils, incliiding a suiiiiiiaiy of sigiiificaiit accolllltiiio policies. Tlie finai)cial i-epoi'ting fi'ainewoi'k that lias beeii applied iii theii- pi'epai?lioii is appl icable laH' ai)d Uiiiled Kiiigdoiii AccoiinliiicJ Staiidai-ds: iiicludiiio Finaiicial Repoi-ting Siandai'd l O? T17e fiiia17cial Repoi-li17g Sia17dai'd applicable ip? Il?e Uk aiid Repiiblic of li-elaiid (Uiiited Kiiigdoin Genei'ally Accepted Accoiiiitino Pi?ctice). lil oiir opinioii tlie fiiiaiicial stateiiieiits= oive a trLie and fail- vieil, of tlie state of tlie cliaritable compaiiy's affaiis as at J l Deceinbei. ?0?2, and of it5 incoining i-esoLlI'ces and applicalion of i'esoui-ces: iiicliidiiio its ii)coiiie aiid expei)ditLlI-e: for the yeai- theii ended. have been pi'opei'ly pi-epared in accoi-dance litI7 Uiiited Kiiigdoin Genei'ally Accepted Accolinting Pi-actice; and have beeii prepai'ed in accordance Miitli tlie requii'einents of the Coinpaiiies Act ?006. Basis for opinion We condLlCted our a15dit iii accordance with Iiitei'national Staiidai'ds on ALiditing (UK)(ISAs(UKI) and applicable law. OLlI- i-esponsibilities undei. those standards al-e fLiiiliei' described in Ilie Aiiditoi--s IESPOI)sibilities for tlie audit of tlie financial slateineiits sectioii of oui- i-eport. We are independent of tlie cliaritable eoiiipan), iii accordance with tlie etliical I'equireinents tliat al-e relevant to oiii- audil of ilie fiiiancial stateinents in the UK: inclLidiiig tlie FRC:s Etliical Standard, cind tlie provisions available foi. sinall entities: in tlie circuinstaiices set oiit in note ?0 to tlie finaiicial stateineiits, aiid we liave fiilfi Iled OLlI- Othei. etliical i-esponsibilities iii accoi-dance witli these reqiiireiiieiits. Wc believe tliat the audit evidence we have obtained is sufficient aiid appi'opi-iate to pi'ovide a basis foi- oui. opinioii. Conclusions relating to going concern In auditing tlie fInaiicial slateiiieiits: we have conclLided that tlie tl'LlStees' Lise of tlie goiiig coiicern basis of accoiiiitino iii the pi-eparation of tlie finaiicial stalenieiits is appi'opi-iate. Based on the woi'k ive liave perfoiiiied, we Iiic ve nol ideiitified any Inatei'ial iiiiceitainlies I'elaliiig to eveiits oi- coiiditions tliat iiidividLially oi. collectivcl),. Inay cast Siuliificaiit doiibt on tlie cliai'itable coiiipaiiy's abilily to coiitiiiiie as a goiiio coiicei-ii foi- a period of at least twelve Inoiiths fi'oin ivlien the fiiiaiicial stateiiients al'e aLltlioi-ised for iSSLIe. Oiii. i-espoiisibilities aiid Ilie i-espoiisibilities of tlie tl-LlStees Miitli respect to <Joii]o concei-n air desci-ibed iii tlie i-elcvaiil sectioi)s oftliis i-epoil.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEFvlBERS OF LORD ENNISKILLEN IVIEMORIAL ORANGE SOCIETY (continued) YEAR ENDED 31 DECEMBER 2022 Page 7 Othcr information The tl-LlStees al-e respoiisible for tlie otliei. infoiinatioii. Tlie otliei. iiifoiination coiiipi-ises aiiy iiifoiination otlier tlian tlie fiiiaiicial statenients aiid OLlI- aiiditoi s repoit tliei-eoii. Oui- opinion on tlie financial stateinents does not covei. tlie otliei- inforiiiatioii aiid: except to ihe exteni otliei'mjise explicitly staled iii oiii. i-epoit, we do iiot expi'ess aiiy forin of assLlI'ance conclLlSlOlI tliei-eoii. In connectioii witli OLlI- aLidit of tlie finaiicial slateineiits: OLlI- i-espoiisibility is lo l-ead tl)e otliei- iiifoi'inatioii aiid, ill doino so, coi)sidei- wlietliei- tlie othei. infoi-1111c tion is iiiatei-i1c Ily iiicoiisistent ivith tlie financial stateiiients oi- oui- knioivledge obtained iii tlie aiidit 01- otliei-wise appeals to be Inatei'ially iiiisstaled. If Mie ideiitify SLiclI Inatei-ial iiicoiisisteiicies oi- appai'eiit Inatei'ial iiiisstateineiits. we ale requii-ed to delenniiie whetlier tliere is Iiiatei'ial iiiisstateineiit iii tlie financial stateineiits oi. a niatei'ial Inisstateinent of the otliei- iiifoi'ination. If, based 011 the woi'k we liave pei'foi-ITJed. Il'e conclude that tliere is a Inatei-ial illisslateinent of tliis othei- infoi-Ination- we al-e I'equired to I'eport tliat fact. We have notliing to repoit in tliis regard. Opinions on other matters pi'escribed by the Comp¢inies Act 2006 Ill OLir opinion, based oli the woi-k undeitaLen iii tlie COLlI-se of the aiidit.. the iiifonnation giveii in tlie trustees, i'eport (incorpoi'ating the dii'ectors. i-eport) foi- tlie fiiiancial yeai. for wliicli tlie fiiiancial statements al-e pi'epai-ed is coiisisteiit witli the finaiicial stateinenfs. and tlie directors I'eport has beeii prepared in accordance with applicable legal requii'einents. Matters on ivliich iyc are i'equired to report by exception In tlie liolit of oui- knowledge and understanding of tlie cliaritable coiiipany a17d its envii'onrnenl obtaiiied in the course of the aiidit, iiie have iiot identified matei-ial Inisstateineiit5 in tlie dii'ectoi's, I'eport. We liave notliin(r to repoi-t iii respect of tlie following Inatter5 111 Itlation to Miliicli the Coillpaiiies Act 2006 I'eqiiii-es lis to itport to YOLI if: iii our opiiiion: adequate accountiiig iEcords have not beeii kept: oi. I'etiii'ns adeqLiate foi. our audit liave not been i'eceived fi-oin bl'anches iiot visited by us; or the fiiiancial stateinents al'e iiot in a(yreeinent witli thc accoiiiiting I'ecoi'ds aiid retiii-ns; oi. ceIlain disclosLlI-es of dii-ectoi's" reinLinei'atioii specified by law are not iiiade. oi- we liave iiot i-eceived all tlie iiifoiiiialioii aiid explaiiatioiis we I'eqiiire foi. OLII- 1¢ Lidit- oi. the trustees were not eiititled to pi'epai'e tlie fiiiancial slateiiieiils iii accoi'dance witli tlie siiiall coinpanies. i-eoitne and take advaiitage ot. the sii)all coiiipaiiies exeiiipii0115 in preparing tlie directois, repoit aiid froin tlie i-eqLiirement to prepai'e a strategic I'epoit. ResponsÉbilitics of trustees As explaiiied Inoi'e flilly in tlie stateinent of dii-ectoi's" I'espoiisibilities sei oiit 01) pages 4 and 5. tlie ti-listees (Ivlio al-e also tl)e dii'ectoi's of tlie cliai-itable coiiipany for tlie piirpose of coiiipaiiy 11¢ Iv) al-e i'espoiisible foi. tlie pi-eparatioii of rlie fiiiancial stateineiits aiid loi- beiii(s satisfied tlial tliey oive aiid tl'Lie aiid fclll- view: aiid I'oi- siicli iiilei-iial coiiti-ol as tl)e ti-listees delei-iiiiiie is iiecessaiy lo eiiable tlie pi'epai-atioii of fiiiaiicial stlc teiiieiits tliat 1( i-e fl'ee fi-oin Inatei'ial iiiisslaleiiieiil. M,lieiliei' diie to f1211d oi. ei-roi-.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEIVIBERS OF LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY (continued) YEAR ENDED 31 DECEMBER 2022 Page 8 Responsibilities of trustees (coiiliiiiiecl) In pi-epariiig tlie financial stateinents, tlie triistees al'e i'espoiisible foi- assessing the charitable coinpany's ability to coiitillLie as a going coiicern, disclosino as applicable: iiiattei-s related to ooiiig concerii and Lisino the goino coiicein basis of accouiiting iinless tlie tl-LlStees eitlier iiitend to liquidate the charitable coinpany oi. to cease opeiations. or liave 110 I'ealistic altei-iiative bLiI to do so. Auditor's responsibilities for the qudit of tlie flnancial statements OLir objectives al'e to obtaiii i'easonable assuraiice abolit wlietliei- the fiiiaiicial stateiiienls as a lvliole are fl'ee froin iiiatei'ial Inisstateiiieslt, H,liethei' dlie to fraLid 01- error: aiid to ISSLie ali aLiditoi s i'epoit tliat iiicILides OLir opiiiion. Reasoiiable assLlI-ance is a Iiigli level of assLlI-aiice. but is not a giiai-aiilee that ali aiidit condLlCted in accoi'daiice witli ISA5 (UK) will aluyays detect a iiiatei-ial Iiiisstateineiil ii,heii il exists. Misstateinents cali ai-ise fi-oin fi-aiid oi- ei-l'oi. aiid are considered niatei-ial if: iiidividLially oi. ii) tlie a(ygi'eoate, the)I coiild i-easoiiably be expected lo iiifluence the econoinic decisioiis of Lisei-s taken on the basis of tliese fiiianeial statenients. Irre(sulai-ities: inclLidino fi-aud, are iiistances of noii-coinpliaiice witl) laivs and I'egLilations. We design pi-ocedLlI'es iii liiie witli OLII. I'esponsibilitie5, oulliiied above, to delect matei'ial Inisstateineiits in resiieci of ii-re(YLilai'ities. incliidin(F fi-aLid. The si)ecific pi'ocedui'es foi- Iliis eii(Fagenient aiid the extent to wliicli these are capable of detectiiig ilTegulai-ities, iiiclLiding fraLid is detailed below: I xtent to ivliich the audit il'as considered capable of detecting irret¥ularities, including fraud We identify and assess tlie i-isks of Inaterial Inisstatemeiit of tlie financial stateiTJents, whether due to fraud oi- errol., and tlieii desion and perfoi-ln tlie aiidit pi-ocedLlI-e5 I-espoiisive to tliose I'isks, inclliding obtaining aiidit evidence tliat is SLifficient aiid appi-opi'iate to provide a basis for our opinion. Identifyinu and assessing potential risks related to iri'egularities Iii identifyino and assessing I'isk"s of inaterial Inisstatcineiil iii i-espect of ii'regLilai-ities, including fraiid and noii-coinpl lance witli laNvs and i'egiilations, we coiisidei-ed tlie followiiig.. Audit I'esponse to i'isks identified: tlie natui'e of the indLlStiy and sectoi-, conti'ol environinent and chai-ity's finaiicial resiilis aiid position- cui-reiit COVID-19 eiivii-onineiit i-esults of oui. eiiquiries of inanaoeiment abolit tlieii- own ideiitificatioii and assessiTJenl of tlie i-isks of iii-egLilai'ities- any ITi<1tters we ideiitified liaviiig obtaiiled and reviewed tlie Cliarity's dociimentatioii of tlieii. policie5 aiid pi-ocediii'es relatiiiu to.. ideiitifyiiig.. cvaliiatiiio aiid coiiiplyin(y Hiitli laiiis and i-etsiilatioiis aiid M,liethei' tliey le1'e awai'e of aiiy iiistances of iioii-coinpliaiice; detectiiio aiid I'espoi)diiig to tlie i-isks of fi'aiid aiid wlietlier tliey liavc kiioNvledoe of any actiial: siispectecl or alleged fi?Iid: aiid tlie intci'iial coiiti-ols establislied to iiiitigate i'isks of fi?ud 02. Iioii-coiiipliai)ce 14'itli laws aiid I'eoLil2ctioiis- tlie iiiattei-s discLissed ainoiio tlie aLidit eiiuageiiieiil teaill i-eoai'diiig liom, aiid wliei'e fraiid Iniglit oecui- iii tlie fiiiancial slic teineiils aiid potciitial indicatoi's of fi'aiid.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY (continued) YEAR ENDED 31 DECEMBER 2022 Page 9 Auditoi s responsibilities foi" the 1¢ udit of tlie fini& ncial statements (eoiiliiiiiecl) As a i-esLIIt of tliese pi'ocedui'es, we considei'ed tliat tlie pailicular areas iii tlie financial stateinenls that wei-e susceptible to iiiisstateineiit wei'e i-elated to iiiaiiageinenl bias in accouiitiiig estiinales and jLidtreiiieiits; i-ecogiiition, classification and coinpleteness of income. In coinmon ivitli all aLidils iiiider ISAS (UK), we are also reqLiired to pei'lonii specific pi-ocedui-es to I'espond to tlie I'isk of Iiianageinenl over]'ide. We also obtaiiied ali Liiiderstaiidiiig of tlie legal aiid i-egiilatoi-y fi-ailleivoi'ks tliat tlie Cliai'iiy operates iii: focLlSillO 011 pi-ovisioiis of ihose laws and i-egulatioiis tliat liad 1( dii'eci effccl 011 tlie detei-Ininil1ioii of matei'ial ainoLlllts and di5cIosLlI-es iii tlie finaiicial stateiiieiits. "ri)e key la15 aiid I'egulatioi)s we coiisidei-ed iii tliis coiitext inclLided Chai-ity le(Fislatioii applicable to Noitliern li-eland. Cliai-ity"s goveriiiiig dociiineiit, einploynient law. liealth aiid safety aiid t<1X leoislation. In addition, we coiisidei-ed pi'ovisioiis of otliei. laws and i-egiilations that do iiot liave a dii'ect effect on the fiiiaiicial stateinLiits biit coinpliance witli Mihicli iTJay be fLiiidainental to tlie Cliai-itj s ability to operate or to avoid a inaterial peiialty. Oiir procedures to I'espond to i'isks ideiitified iiiclLide tlie followiiio- ideiitifyiiig and assessTiig tlie desigii effectivei)ess of controls manageineiit lias iii place to pi-event and detect fi'aiid; i-eviewing tlie financial statenienls disclosui-es aiid testing to SUPPOlting docuiT)entaiion to assess ccinpliance ivitli pi'ovisioiis of i-elevant laws and i-egulations desci-ibed a5 having a direct effect on the finaiicial stateinents. enquii-ing of i-naiiageinciil and cxternal legal advisois conceriiino actual ai)d potential litigation and claiins. perfonniiig analytical pi'ocedui'es to ideiitify aiiy iiniisiial oi- unexpected relatioiiships tliat Illay iiidicate risk of ii)at¢i-ial Ini5slatements due to fraiid. reading Ininutes of meetiiig5 of iliose cliai'ged witli gyoveriiance- obtaining an iinderstaiidiiio of pi-ovisions and holdino discLissiolls Wltli inanageinent to undeistand tlie basis of i-ecognition: aiid iii addi'essing tlie risk of fi'aLid tlii-oiioli iiiaiiageinent ovei-i-ide of coiiti'ols, testing tlie appropi-iateness of jOLlI'nal eiiti'ies and otlier adjiistinents iiiclLidiiig those relating to reveniie recognition. <issessiiig ivlietlier tlie j Lidgeiiiciils Inade iii iiiakiiig accoLllltiiio esliiiiales al-e iiidicative of potential bias: aiid evaliiatiiio tlie I'atioiiale of any sigiiificaiit transactions iliat al'e laive, LIIILisual oi. outside tlie iioriiial coui'se of tlie cliai-ity's aclivitics. We also coiiiiiiiiiiicated I'elevaiit ideiilified laiiis 1( lid I'egLilatioiis aiid poteiitial fi-aud i'isks lo all eiigageiiiei)t teains iiieinbeis aiid I'eiiiaincd aleil to aiiy iiidicalioiis ot" fi2iid oi. noii-coiiipliaiice with laws aiid i-egLilations tlii'oLiglioLIt tlie aiidit.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEtVEBERS OF LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY (continued) YEAR ENDED 31 DECEMBER 2022 Page 10 Auditor's responsibilities for tlie udit of tlie fin&qnci#l statenients (coiiliiiiiecl) Becalise of the inlieient liiiiitations of ali aLidil, tliei'e is a i-isk that we will Iiot detect all irregiilai-ities: iiicludiiig tliose leading to a iiiatei-ial Inisslateinent iii the fiiiancial stateiiients oi. iion-coinpliai)ce witli i-egLilation. This risk increases the Inoi'e tliat coinpliance witli a law oi. regLilation is reinoved fi'oiii the events aiid traiisactions I'eflected iii the fiiiaiicial slateiiieiits. as we will be less liL"cly to becoiiie aHiare of iiislances of non-coillpliaiice. Tlie i-isk" is also gi'eatei. i-eoardiiig iii'egiilai-ities OCCLllI-ing diie lo fi-aud l'ather tliaii eii'or: a5 fraLid involves iiitentioiial concealinent, foi-CFei'y.. colliisioii: oiiiissioii oi. iiiisi-epi'eseiit1c tioii. We al-e not i-esponsible foi. pi'eveiitin(T iioii-conipliance aiid caiinot be expected to detect iioii-coinpliaiice witli all laws aiid i'eoulatioiis. As pai't of an audit in accordaiice Miilli ISAS (UK), we exercise professioiial jLidoeineiit and Inainiaiii pi'ofessional sceptiCiSlT) throiiolioLlt the aLidit. We also= identify and asse5S tlie risks of Inatei'ial iiiisstateineiit of the finaiicial stateinents, ,hether dLie to fraud oi. eii-or, desigii and pei'foi-ln aLidit pi-ocedLlI-es i'espoiisive lo tliose I'isks. aiid obtaiii aLidit evidence that is SLifficient and appi-opi'iate to pi'ovide a basis for oiii- opinion. The I'isk OF not detectiiig a iiiatei-ial Inisslateinent I'esliltino fi'oin fi'aiid is Iijohei. tl)aii foi- one resiiltiiig fi-oiii eri'or: a5 fi'aLid iiiay involve collusioii: foroery. intentional oiiiissions: Inisi'epi'esentations, or the ovei-i-ide of interi)al coiiti-ol. Obtain ali iindei'staiiding of inteiiial conti-ol relevant to tlie aLidit iii oi'dei. to design aiidit pi-ocedLires that are appi'opi'iate iii tlie circLllllStaiices, bLIt not foi- the purpose of expi'essin(r an opinion the effectiveness of the cliaritable coiiipaiiy's inteiMal conti'ol. Evaluate the appi-opi'iateness of accoiiiitino policies used and tlie reasonableness of accoiintiiig estiinates and related disclosui-es Inade by the tl'LlStees. Concllide on tlie appi'opriateiiess of the tl'Lislee5' Iise of tlie going coiicei'n basis of accoiinting and, based on tlie audit evideiice obtained, Miliethei. a Inaterial Iincertainty exists IElated to events oi- conditions Ihat iiiay cast sigiiificant doiibt on tlie cliaritable coinpaiiy's ability to coiitiniie as a goino concern. If we conclude tliat iiiateric11 Iiiiceitaiiity exist5: we are i-equired lo diaMI alleiition in our auditor's report to tlie related disclosul-es in tlie finaiicial stateinenls oi-: if siicli disclosui-es are inadeqiiate, to Inodify oui. opinion. Oui. coiicllisions air based on the aiidit evideiice obiaiiied up to tlie date of our aLiditoi s i-epoit. Hoii'ever, fiitiii'e events or conditions may caiise the cliaritable coinpaiiy to cease to continue as a goiiio concerii. Evaluate tlie overall pi-eseiitatioii: stl'LlCtui-e and coiiteiit of the fiiiaiicial stateineiit5. incliidino tlie disclosures, aiid wliether tlie finaiicial stateiiieiils i'epiesent tlie iiiidei'lyiiig ti-aiisactions aiid eveiits in a Inaiiner that acliieves fair pi-eseiilatioii. We coininuiiicate witli tl)ose chai'ged Miitl] oovei'iiciiice regai-diii(r 1( InOllO Otliei- iiiattei's, tlie plii Iiiied scope aiid tiining of tlie aLidit and siniiificaiit aiidit fiiidiii(FS: iiicliidin(y sigiiificant deficieiicie5 iii intei-iial coiiti'ol tliat we ideiitify dLlI'iiig Olir aiidit.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LORD ENNISKILLE MEMORIAL ORANGE SOCIETY (continued) YEAR ENDED 31 DECEMBER 2022 Page 11 Use of our report Tliis repoi1 is made solely to the cliaritable coinpany"s meillbei's: as a body, in accordaiice witli Chapter ) of Pail 16 of the Coimpaiiies Act 2006. 0iii- aLidil woi-k has beeii iindertakeii so tliat we iniglit slate to tlie cliaritable coinpan)k's meinbers Iliose Inalters we al-e reqLliI'ed to state to theiii iii ali auditoi-'s i-eport aiid for iio otlier piii'pose. To tlie flillesi extent perinitled by law, we do Iiot accept or assLiine i-espoiisibility to anyonc otliei- tlian tlie cliai'ilable coinpany aiid the cliai-itable coiiipaiiy's Iiieinbers as a body. for our aLidit woi-k: foi. tliis I'epoi'l: or foi- tlie opinioiis we liave foi-iiied. BRYAN J FRIAR FC (Senioi. StatLltoiy ALiditoi-) Foi- aiid on behalf of JACKSON ANDREWS Cliartei'ed Accounlants & Statiitor), Auditoi- Andi-as Hoiise 60 Gi'eat Victoria Sti-eet Belfast BT? 7ET Date: ..lJ.fjA
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE STATEtIqENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2022 Page 12 Unrestricte(I Fui?ds Rcstrieted Funds Total Funds 2022 Total Funds Note Inconie from: Doiiatioi)s and letsacies Iiivestnieiils 104,436 350,877 104,436 350,877 97,506 )58,555 Total income 455,313 455,313 456,061 Expenditure oi): Iiivesiiiient InanaTremeiit costs Cllai'itable activities {32,543) (418,971) (4Jl,i14) i16 {32,i43) (418,971) (451,514) (Ji,497) ()45,001) ()78:498) Total expenditure Net ineonie before other tsains iid losses 3,799 3,799 Realised (losses)Igains on listed investineiits Unrealised (losses)ltrain5 on listed inveslnienls (57,i97) (i7,i97) 184,9J6 (431,585) {431,585) 518,051 Net (expeiiditure)/income after other gains 4lnd losses (485,383) (48i,383) 780,550 Reconciliation of funds: Total funds brou(rht fonvai'd 9,47?,716 9,472,716 8.692.166 Total funds carried forivard 8,987,333 8,987,333 9,472,716 Tlie Stateiiient of Financial Activities incliides all oaiiis aiid losses iii tlie period. All of the above aillouiits relate to conliiiiiiiig activities. The notes on pages 15 to 24 form part of these financial statements.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE BALANCE SHEET Page 13 31 DECEMBER 2022 2022 2021 Note Fixed assets Investrnents 12 8J82,137 8,441,936 Current assets Debtors Cash at bank and in hand 13 2,i80 614,816 617,396 106 1,044,499 1,044.605 Creditors: amounts falling due within one year 14 {12,200) (13,825) Net eurrent assets 605,196 1,030,780 Total assets less eurrent liabilities Net assets 8,987,333 9,472,716 8,987,333 9.472,716 Charity Funds Unrestricted income funds 15 8,987,333 8,987,333 9,472,716 Total charity funds 9,472,716 These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with Charities SORP (FRS 102). These f ancial statements were approved by the board of directors and authorised for issue on . and are signed on behalf of the board by.. O E Stevenson Director Director Date:..... Date: Company Registration Number: N1642096
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS 31 DECEMBER 2022 Page 14 2022 Note C42sh floiv fj-om operating activities Net cash floiv from operating aetivitie5 Casli floii, from investing activitie5 Investiiient inconie Piii'chase of ii)ve5tnieiits Proceeds froiii sales of investments Net cash lloiv from iiivesting activitie5 17 {351,177) (271,642) (271,642) (351,177) 350,877 (1,373,976) 944,593 J58.555 (2,156.665) 2,J21.974 {78,i06) 52).864 Net (decrease)/increase iii eash and cash CqUiV¢llents (429,683) 252,222 Cash and casli equivalents at l January 2022 Cash and Cash equiv4TrlentS t 31 Deeember ?022 1,044,499 792,277 614,816 1,044,499 CAsh aiid casli eq iiivalents Lonsists of_ Cash at bank and in l)and 614,816 1,044,499 Casli and cash equivalents at 31 December 2022 614,816 1,044,499
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 Page 15 ACCOUNTING POLICIES General informtIOn and basis of accounting Loi'd EiiiiisL"illen Meimorial Orange Society is a cliai'itable coinpaiiy liinited by gLiaiantee aiid does not liave c2liy sl)ai-e capital. It i-egistei'ed as a cliai-ity with Tlie Cliai-ity Cominissioi) foi- Noitliei'ii Irelaiid 011 5 Febi-Liaiy 2018 aiid it is iiicorpoizted iii Noitlierii Irelaiid. Tlie address of tlie i-egisteitd office is giveii iii tlie cliarit), iiifoiinatioii 011 page l of tliese fiiiaiicial stateiiiei)Is. Tlie cliaritable coinpaiiy constitutes a PLiblic beiiefit eiitity as defiiied by FRS I O? Statement of compliance Tlie financial stateineiits liave beeii prepai'ed iii accoi-dance Miitli tlie accoiintinry policies set oiit in Iiotes to tlie fiiiaiicial stateiiieiits. applicable accoLllltiiio staiidai'ds iiicludiiig Accouiitiiio aiid Repoitiiio by Cliai-ities: Stateineiit of Rcconiiiieiided Pi-actice applicable lo cliai'ilies pi'epariiio ilieii. accoiiiits iii accordance witli tlie Fiiiaiicial Repoitiiig Staiidard applicable iii Ilie Uk aiid Repiiblic of Irclaiid issued in Octob¢i' ?019. the Fiiiancial Repoiting Staiidai'd applicable in tlie Uiiited Kiiigdoin aiid Repiiblic of li'elaiid (FRS I O?). tlie Cliai'ities Act (Nortliem Irelaiid) ?008: Cliai-ities Act (Nortliei-11 Irelaiid) ?0 l J, Tlie Cliarities (Accoiiiits and Rcpoi-Is} Regulalioiis (NlortlieTlI Irelaiid) ?0 l i. Coiiipaiiies Act ?006. tlie cliai'itable coinpaiiy s goveiiiiiig docuiiieiit aiid UK Geiiei'ally Accepted Accountiiig Practice. Tlie finaiicial statements are prepai'ed on a goiiio coiicerii basis Lindei- tlie Iiistorical cost coiiveiition, Inodified lo iiiclLide certaiii items at fail. valLie. Tlie finaiicial stateinents al'e pi'epai'ed iii stei'lii)g wliich is the liiiictioiial cui-reiicy of tlie cliai-itable compaiiy and I'OLiiided to tlie Iieai'est £1. Tlie si11f]CanI accountintr policies are set OLlt below. The dii-ectoi-s coiisidei. tliat Iliese accouiitiiig policies are suitable. liave beeii coiisi5teiitly applied and al'e suppoiled by I'easonable aiid pi-udent judgeinent aiid estiniates. Fund accounting- unrestrieted fun(Is Tlie chai-itable coinpaiiy's uiii'esti-ictcd fiiiids coiisist of a Genei'al Flind wliicli is ekpeiidable at tlie discretion of tlie directors iii furtlierance of tlie cliai'itable objecls of the coinpany. Tlie directoi-s Inay at tlieii. discretioii desigiiale fuiids foi- specific purposes bLIt Ilie desionation does iiot legally I'estrict tlie dii'ectors, discretioii to apply tlie fliiids. ncome recognition All iiicome is incliided iii tlie St1cteiiieiit of Fiiiaiicial Activities (SOFA) wlieii tlie cliarilable coiiipaiiy is le(rally eiititled to tlie iiicoine aftei. ali), pei-foiinance coiiditioiis Iiave beei) Inel. tlie aiiioLllIt cali be illeasured reliably aiid it is pi'ob1c ble tlial Ilie iiicoiiie Mijll be i-eccived. Foi- doiiatioiis to be I'ecooiiised tlie cliai-itable coiiipaiiy iiiill liave beeii iiotified of the ainoiiiits and tlie settleineiit date iii wi'iliiig. If Iliei-e al-e coiiditioiis attaclied to tlie doiiatioii aiid tliis I'eqLllI'es a level of pei-foi-tnaiice befoi-e eiititleiiieiil cali be obtaiiied tlieii iiicoiiie is defei'i-cd IiiitTI tliose coiiditioiis are fLilly iiiet 01- tlie fLilfilmeiit of t1105e coiiditioiis is 'll111]i tlie coiili'ol of tlie cliai'itablc coinpaiiji aiid it is pi'obable tliat tlie)i ivill be fiilfil led.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022 Page 16 ACCOUNTING POLICIES (coiiliiiiiecl) Income i-ecognition (coiitiiiiiecl) Donated facilities aiid doiiated pi-ofessioiial sei-vices al'e recogiiised in iiicoiiie at tlieii. fair valLie wlieii tlieir ecoiioillic beiiefit Is pi'obable, it cali be IneasLired reliably and tlie cliai-ilable coiiipany lias conti'ol over tlie itein. fail. valiie is deteniiiiied 011 tlie basis of tlie value of tlie gift lo tlie cliai-itable coinpaiiy. Foi. exaiT)ple, tlie aiiioLlllt tlie cliai-itable coinpany WOLild be ivilliiig to pav in tlie opeii market foi. SLicli facilities aiid sei-vices. expeiiditiire. coi'i-espoiidiiig aiiiouiit is I'eco(riiised in No aiiioiint is iiicluded iii tlie fiiiaiicial stateiiieiils for voliiiiteei. tiiiie iii liiie witli tlie SORP IFRS Wliei'e pizcticable, tsifts iii kiiid doiiated foi- disti-ibLilioii to tlie beneficiai'ies of tlie cliai'ilable coiiipaiiy al-e iiicluded iii stock aiid doiialioiis iii tlie finaiicial stateiiieiits upoii rcceipt. If it is iinpi-acticable lo assess Ilie fail- valLie at receipt 01- if tlie costs to uiideilake SLicli a valiiatioii oiitweigli any benefits. theii tlie fair value is i'ecogiiised as a coiiiponent of doiiatioiis wliei) it is distributed aiid ali equivalent ainoiiiit reco(riiised as cliai-itable expeiidiliire. VolLllltai-y iiicoine I'eceived by way of doiiatioiis aiid oift is credited to revenue oli a irceiiiable basis. Filed asset (sifts iii Liiid al-e i-ecotsiiised wlieii receivable and al-e iiiclLided at fail. value. Tlie}' are not defciTed over tlie life of tlie asset. For leoacies, eiititleiiieiit is tlie eai'liei- of the cliai-itable coinpany being iiotified of ali iillpendiiig disti-ibutioii oi. tlie le(yacy beiiig I'eceived. At Iliis poiiit iiicoine is recogiiised. On occasioii legacies will be i)otified to tlie cliarilable coinpaii), liowevei. it is not possible to IneasuiE tlie amoiiiit expected to be distribllted. Oil tliese occasioiis, tlie legacy is ti-eated as a coiitiiigent asset and disclosed. Invcstimeiit incoine is inteitst eariied tlii-OLioli lioldiiio casli at bai]L. Iiiterest iiicoine is recogiiised ,lieii i'eceivable. Expenditure recognition All expeiidilLire is accoiinted foi- oli ali accrLials basis aiid lias beeii classified uiidei. Iieadings tliat agityJl-egate all costs i-elated to Ilie cateoory. ENpeiiditui-e is i-ecooiiised wliei'e tliei-e is a legal 01- coiistrLiclive oblilryatioii to Inake pa)iiiieiits to Iliii'd pailies, it is probable tliat tlie seltleineiil ivill be i'eqLiired aiid tlie aimoiiiit of tlie obligatioii cali bc IneasLlI-ed I'eliabl),. Wliere costs caiinot be dii-ectly allribiited io a pai'licLilai- lieadiiig tliey Iiave beeli allocated to activities oli a basis consisteiit ivitli tlie Lise of tlie i-esoLlI'ces. Staff costs aiid ovei-liead expeiises al-e allocated to activities oli tl)e basis ofstaff tiine speiit 011 tliose activities. FLiiid-I'aisiiig costs al-e tliose iliCLllI'ed iii seekiiig vol Liiilai-y coiiti-ibiitioiis aiid do not iiicliide tlie costs of disseiiiiiialiiig iiifoi'iiiatioll 111 SLIPPOI'I of tlie cliai-itable activities.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEIIJiENTS (continued) YEAR ENDED 31 DECEMBER 2022 Page 17 ACCOUNTING POLICIES (ctsiilijiiiecl) Invcstments Iiivestineiits are recocFnised iiiitially at fail. value wliicli is noi-lnally tlie tiaiisactioii price excludiiio traiisactioii costs. SLibseqiiently.. tliey al'e measui'ed at fair value witli cl)anges recooiiised iii "net gaiiis / (losses) on iiivestnieiits. iii tlie SofA if tlie sl)ai'es are PLiblicly traded 01- theii. fair value cali otliei'wise be iiieasui'ed i-eliably. Otlier iiivestiiieiits al'e Ineasiired al cost less iinpainTJeiit. Debtors and creditors I"eceii'able I payable ivitl)in one yeai. Debtol-s aiid ci'editOlS Witli 110 stated iiitei-est I'ale (Iiid receivable 01- payable witliin oiie )iear al'e recoi-ded at transactioii price. Ali), losses ai'isiiig fi'oin iinpairineiit al'e i-ecogiiised iii eNpeiidiliii-e. Tirf iation As a cliarity. tlie coinpaiiy beiiefils fi-oni vai-i0LlS exeinptions affoi'ded by tax legislatioii. It is tlieiEfore Iiot liable to coi-poi'atioii lax on iiicoine oi. (yains falliiig dlie witliiii tliose eNempiioiis. Recovery is iiiade of tax dediicted fi-oiii i'eceipts uiidei- gift aid. Goin(T concern Tl)e fiiiaiicial stateinciits Iiave beeii pi-epaiEd oli a Isoin(y coiicei-n basis. Tlie Dii-ectoi's coiisidei- tlie basis to be appi'opi'iate assLiiniii<J Iliat tlie cliai-ilable coinpany lias adeqLiate fiiii< Iicial suppoit froni tlie baiiL-ers aiid ielated parties. Judgements and estimates Tlie pi-eparatioii of fiiiancial statenients I'equii-es tlie directors to Iiiak-e j udgeineiits, estiinates and assumptions that affect tlie ainouiits i-eported. These estiinates aiid jLid(yeiiieiits al-e continiially i'eviewed and al-e based on expei-ieiice and otlier factoi's. Tlie dii'eclors coiisidei. iliat tliei-e ivere no judgeiiieiits, estiinates or assLimptions tlial liad a sigiiificaiit effect on the anioLlllts i'ecogiiised iii tlie fiiiancial stateiiieIits and Iliat liave a significant risk" of caLising a Inaterial adjLlStment to tlie carrying amounts of assets aiid liabilities withiii tlie iie,xt fiiiancial yeai-. Tlie estilTJates aiid assLllllPtions are i-eviewed on ali oiigoino basis coiisideriiio tlie curreiit aiid fLltui-e market coiiditions. Doiiations and legacie5 Uni'estrieted Restricted Fuiids Funds Tot9¢ l Unrestricted 2022 Flinds Restricted FLiiids Total Donations Gift aid 99,135 i,301 99,135 5,301 94,400 94,400 104,436 104,436 97,506 97,506
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022 Page 18 Income from investments Unrcsti-ieted Rcstricted Funds uii(Is Tot21 Uiireslricted 2022 Fuiids Restricted Funds Total ?021 Dividends & intei-esl-lisied investments Intei'est-baiik 350,511 366 350,511 366 )58.40? )58,402 350,877 350,877 J58,5ii )58,5)5 Investment management costs Unrestrieted Restricted Funds Unresti'icled Funds Resli'icted Fund5 Total ?o?I 2022 Investinent maiiaoeinent fee5 32,)43 32,543 32,)43 32,543 Analysis of expenditure on charitable actii'ities Activities Uiidei'ti?keii Directly Suppoi't Costs Total 2022 Activities Undertakei) direcil}' Support costs Total 2021 Assisting faiiiil ies 414,650 4,321 418,971 4,321 )28.800 16,201 J45,001 414,650 418,971 J28,800 16,201 )45,001 £Nil (2021 £Nil) of tlie cost of activities Lindertaken directly and £Nil (2021 £Nil) of SLlPPOrt Costs wei'e attributable to i-esti'icted fuiids. £414,650 (2021 £)28.800) of tlic cost of activities undeitaken directly and £4,J21 (2021 £16,201) of siippoit costs ivere attribiitable to uni'estricted funds.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEf4fjBER 2022 Page 19 Allocation of support costs Basis of allocalioii Assistin faniilies Tot.ql 2022 Assisliiig fainilies Total Govei-nance (note 7) Lec5al aiid pi'ofessional Iiisui-ance Investiiienl pi-operly expeiises Otliei. I'iinniii<y costs Cost Cost Cosi 3,472 6.685 6,685 641 641 462 462 Cost Cost 8,045 8,045 208 208 4,321 16,201 16,201 Goi'ei"nance costs Uni'estricted Funds Resti-icted Funds Tot¢il Uiiresli'icted 2022 Fiii)ds Restricted Fiiiids Total Auditoi- s reinuneration Othei- financial costs 3,000 3,000 6,300 472 472 3,472 3,472 6,685 6,685 Net (expenditure)lincome foi. tlie yeai" 2022 ?o?I Net (expenditure)/income for tlie year is st1< ted aftcr eharginc* / (creditii)IF Auditors. I'emunei-ation (Loss)/. tsain on disposal of iiivestments (Loss)/(rain on fair value moveinent of iiivestmeiits 3,000 {i7,i97) (431,58)) 184,9J6 518,051
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022 Page 20 Auditor's ren)uneration The auditoi-'s reiniineratioii aniouiits to an audit fee of£J,000 (2021 .. £2,500) and other services of£Nil {2021-. £J,800). 10. Directors, and key management personnel i'emuneration and expenses Tlie key iiiaiiaqemeni pei3oniiel are considered to be tlie ti'ustees. Tlie trLtsiees neithei. received nor waived any I'einuneration duriiio tlie yeai. (2021- £Nil). Tlie trLlStee5 did iiot have any expeiises i-eiimbui'sed dui'jiiu the year (2021 '. £Nil). I l. Staff costs and employee benefits Tot411 staff costs ivere as folloiv5: 2022 2021 Waoes and salai'ies Social security costs Other pension costs A Ilocated to= 2022 2021 Assistino faillilies Particulrfll's of employees: Tlie avei'aoe Inonilily nuiiiber of eniployees includinLTr tlie directors during the year, calculated 011 tlie basis of full-linie equivalents, Ivas as follows.. 2022 No 12 2021 Manaoenient 12 12 12 No einployee i-eceived reiiiunei'alion of nioi'e tliaii £60,000 dui'ino tlie year.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022 Page 21 12. Fixed asset investments Total Investments Listed Investtneiits Market value at I, Jaiiuaiy 20?2 Additions Disposals Unrealised loss on revaluation 8,441,936 1,373,976 (1,00? 190) {431,i85) 8,382,137 8,441,936 1,373,976 {1,002,190) 143 1,58)) Market value at 31st December ?022 8,382,137 Tlie ii)vestinents of tlie Society are Inanatsed aiid lield 011 Ilie Society'"s behalf by Evel}'Ii Partnei's StocLbrokei's in the naime of Iheii. noiiiinee compai)y Evelyn Partiiers Invesiii)ent Sei'vices Liniited. The Inai'ket value of listed investimei)Is at Il)e balance 51ieet date ainounted to £8,)82.1) 7 (2021 £8,441,9)6) and is made up as fol IoK's'.- Mai'ket Value 2022 Mai-ket Valiie INVESTMII NTS.. Cash - oiliei. instruinents Bonds Alternatives & Mulii-Asset Equities United Kiiiodom Ovei-seas Global 96,?92 968,939 ,213,027 1,107,144 1,17i,965 2,816,176 2,010,952 1,276,751 J,28),854 1,555,96i 1,)21,008 8,382,137 8,441,9J6 Investnieiits are accounted foi. at tlie balance slieet date at their fair value in accordance ivith applicable accoiinting standards.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022 Page 22 13. Debtors 2022 2021 Prepayments and a¢ci'ued in¢ome 2,580 106 2,)80 106 14. Creditoi's: Amounts fallin(F due ii'ithin one year 2022 Accruals 12,200 12,200 15. Unrestricted funds Balancc at l Jan 202? Income Expenditure Iiivestment losses Balance 31 Dec 2022 Genei?I funds 9,472,716 45i,313 (451,514) (451,514) (489,182) 8,987,333 9,472,716 455,313 (489,182) 8,987J33 Balance at l Jan 2021 Iiicoine Expenditiire Investsnent (raiiis Balaiice asai il Dec2021 General fui)ds 8,692,166 456,061 (J78,498) (J78,498) 70?,987 9,472,716 8,692.166 456,061 702,987 9,472,716 Uiii esli'icledfiiiids.. Genei'al fund The uiii-esti'icted funds of tl)e cliai'itable coiiipany coiisisl of a Gei)ei'al Fuiid wliicli is expeiidable at tlic disci'etioii of tl)e ti-ustees in fuitlieiaiice of tlie cliai'itable objectives of tl)e cliaritable coinpaiiy aiid ,liich lias not been desioiiated for otliei. PLlI'poses.
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022 Page 23 16. Analysis of net asscts betiveen funds Fixed Net curi'ent assets ssets As at 31 Deeember 2022 Total Unrestricted Funds 8,382,137 605,196 8,987J33 Total Funds 8,382,137 605,196 8,987,333 Fixed Nel cui'rent assets assets As at J l Deceinber ?0? I Total Uni'estricted Funds 8:441,9J6 I,OJO.780 9,47?716 Total Funds 8,441,9J6 l.OJO.780 9,47?,716 17. Reconciliation of net inL'o]ne to net casli floiv fron) operating actii'ities 2022 2021 Nel incoine for year 3,799 Investinent income (Increase)/decrease in debtoi-s (Deci'ease)linci'ease in crediloi's Net casli flow from operatinu activities (350,877) (2,474) (1,625) (358,555) 7,597 {351,177) (?71,642) 18. Related part), ti"ansactions Graiid Oranue Lodoe of Ireland is related to the cliaritable conipany. Lord Enniskillen Meiiioi-ial Oi'aiitre Society I'eceived a donatioii of £100 (2021.. £100) fi'oin Giaiid Oi-angc Lodoe of Irelaiid, and ivei-e cliarcped ali adininistration fee of £J6:000 {2021= £)6,000) by Gl'and Oraiiqe Lod(Fe of Irelaiid. No otlier related pai'ty traiisactions occui'red dui'ino tlic yeai..
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022 Page 24 19. Company limited by guai'antce Tlie compaiiy is limiied by guarantee aiid has no sliare capital. On a windino up iiieinbers iiiay be requii'ed to conti'ibute a iiiaxinium of £ l. 20. Ethical standai.ds In eominon witli Inans, otliei- oroanisalions of our size and iialure we use our auditoi's to assist iviili tl)e pi'epai-atioii of tlie fiiiaiicial staleiiieiits.