LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Unrestricted funds funds 2024 2023 Notes Incom• from: Donations and18gacies Investments 149,569 314,930 148,705 300,854 Total Income 464,499 449.559 Expondlture on: Inveslmant management costs Charitable activitie5 31,761 578,775 31,720 487,616 Total •xp•ndlturè 610,536 519,338 Net gainsl(losses) on investments 221,962 {25,078) Nel Incomo1(•xpendlture) and movam•nt In funda 75,925 (94,855) Reconclllatlon of fund8'. Fund balances at 1 January 2024 8,892,479 8,987.334 Fund balanc•g at 31 D•cemb•r 2024 8,968,404 8.892.479 The st8lement of financlal actlvitles includes all galns and losses recognis8d in the year. All income and expendSture d8rive from continuing activities. 10-
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed a$se¢S Inveslments 11 8.580,593 8.324.179 Current assèts Debtors Cash at bank and in hand 12 3,348 416,652 2,411 577.959 420,000 580,370 Crodltors: amounts falllng duo wlthln one year 13 (12,189) (12,070) Net curr•nt asset• 407.811 568,300 Total a880t818¥8 curront Ilabllltleg 8,988,404 8.892,479 Net assets •xcludlng penslon liablllty 8.968.404 8,892.479 Tho fund8 of the Gharlty Unrestricted funds 8,988,404 8,892,479 8.968,404 8,892,479 The financial statemant8 were approved by the Diréctors on .. .. B A Dorri8fi Dlrector O E Steven8 Dlr•¢tor Company registration number N1642096 (Northem Ireland) 11
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notos Cash flows from operatlng actlvftl8s Cash absorbed by operathS 17 (461,785) {370,592) Inv•8tlng actlvltles Purchase of investments Proceeds from disposal of Investments Investment income received (1,609,593) 1.595.141 314,930 (928,832) 961,513 300.854 Nèt Cash g•n•rat•d from Investlng actlvltlos 300,478 333,73S Net Cash used In flnanclng actfvltlo8 N•t d•cr•as• In cash and cash equlvalents (161,307) (36,857) Cash and cash equivalents at beginning of year 577,959 614,816 Cash and cash •qulvalant8 at ond of yoar 416,e52 577,959 12-
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Charlty Inforniatlon Lord Ennlskillen Memorial Orange Society Is a private company limited by guarantee incorporated In Northern Ireland. The reglstered office Is Schomberg House, 368 Cregagh Road. Belfast. BT6 9EY. 1.1 Aecountlng conventlon The financial statements hav8 been prepared in accordance wlth the charrty's Memorandum and Articlos of Association, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republlc of Ireland" ('FRS 102") and the Charities SORP "Accounting and Reporting by Chariti88.' Statement of Recommended Practlce applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effe¢tive 1 January 2019). The cherlty is a Public Benefit Entity as defined by FRS 102. The financial 8talem8nts have been prepared under the historical cost conventlon. modlfied to include the r8valuation of fixed asset Investments at fair value. The prlncipal accounting policies adopted are set out below. 1.2 Golng con¢em Al the time of approving the financial stslements, the Directors havo a reasonable expectation that the charity has adequate resources lo ntInue in operational existence for the foreseeable luture. Thus the Directors continue to adopt the golng concern basls of accounting In preparing the financlal statements. 1.3 Charftable funds The charitable company's unrestricted funds consist of a General Fund whlch Is expendable at thè discretlon of the directors in furtheiance of the charltable objects of the company. The directors may at thglr discretion designale funds for specific purposes but the designation does not legally restrict Ihe directors, discretlon to apply the funds. 1A Income All income is included in the Statement of Financlal Activities (SOFA) when the charitable company is legally entitled to the income after any performanc8 condltlons have been met, the amount can be measured reliably and it is probable that the income will be received. For donadons to be recognised the charitable company wlll have been notified of the amounts and the S8tt1ement date in writing. If there are conditions attached 10 the donation and this requires a leval of perfomance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfiSment of those conditions is viithln the control of the charitable company and it is probable that they will be fulfilled. For legacies. entltlement Is the 8arfi8r of the charltable company belng notified of an impending di51ribution or the legacy being recelved. At this point income is recognised. On occaslon 18gacies will be notified to the charitable company however il is not posslble lo measure the amount expected to be dislribuled. On these occasions, the legacy is treated as a conts'ngent asset and disclosed. 13-
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl¢$ (Continued) Donated facilities and donated professional services are recognised in income at their fair value when their economSc benefit is probable. it can be measured reliably anil the charitable company has control over the item. Fair value is delemined on the basis of the value of the gift to the ¢har6table company. For example, th& amount the charitable company would b8 willing to pay in the open market for such facilities and services. A corresponding amount is recognised In expendlture. No amount is included In the financial statements for volunteer time in line with the SORP (FRS 102). Vvhere practlcable, gifts in kind donated for distribution to the beneficiaries of the charitable company ar? included in stock and donations Sn the financial statements upon receipt. If il is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is regnised as a component of donations when it is distributed and an equivalent amount recognisad as charitable expenditure. Voluntary income received by vY of donations and gift Is credited to revenue on a receivable basi3. Fixed agsel gifts in kind are recognlsad when recelvable and are Included at falr value. They are not deferred over the life of the asset. Investment Income Is Interest eamed through holding cash at bank. Interest income 1$ recognised then recelvable. 1.5 Expendlture All expenditure is aexounted lor on an accruals basi8 and has been classified under headings that aggregate all costs related to the category. Expenditure is recognlsed where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement wlll be required and the amount of tha obligation can be maasured ieliably. Vthere costs cannot be diiectly attributed to a particular heading they have been allocated to activities on basis conslstenl with the use of the resources. siaff ¢osts ond overhead expenses are allocated to activltles on Ihe basis of staff tlme spent on those activities. Fund-ralsing costs are those incurred in seeklng voluntary contributions and do not include the costs of disseminatlng Information in support of the chariiable activities. 1.6 Flxod asset InsIMon19 Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes In fair value are recognised In nat incomel{expenditure) for th8 year. Transaction costs are expensed as Incurred. 1.7 Cash and cash equlvalents Cash and cash equivalents include cash in hand, d8POSlts held at call with banks, other Bhort-term liquid investments with original malurities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings In current liabilities. 1.8 Taxallon The charity is exempt from income tax and capltal gains tax lo the exient that its income and gains are applied for charitable purposes. No tax charge has arisen In Ihe year. 1.9 Deblors and credllor8 recefvable I payable wlthln on• year Debtors and creditors with no stated interesl rate and receivable or payable within on8 year are recorded at Iransaction pri. Any losses arising from impalmient are recognised in expenditure. 14-
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlons and legac5es Unrostrlcted Unie$trl¢tsd lunds funds 2024 2023 Donations and glfts 149,569 148,705 Donatlons and glft• Co Antrim Co Armagh Co Down Co Fermanagh Co Londonderry Co Tyrone Other Co The Assodation of Loyal Orange Women Legacies GiftAid Other 21,902 24,990 17,319 12,9 11,004 30,144 3,431 3.298 24.839 21.939 17,852 12,621 7,563 37.542 3,710 3,513 3,640 10,772 4,714 10,544 13,981 149.569 148,705 In¢omo from Inv•stm•nts Unrnstrlctod Unrostrlct•d funds funds 2024 2023 Income from listed investmen18 Interest recoivable 313,771 1,159 298,450 2.404 314,930 300,854 Exp•ndfture on ralslng funds Unrestrlctod Unrestrl¢t•d funds funds 2024 2023 Inv8Stment management 31,761 31,720 15-
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charltable actlvltlwd Charltable actlvitles 2024 Charltable actlvltles 2023 Dlrect costs Special grants Dlrect grants Educational grants Emergency grants Administration fee to Grand Orange Lodge of Ireland 74,975 206,250 239,150 14,900 36,000 41.100 217,850 173,500 12,000 36,000 571,275 480,450 Shar• of $upport and governance cost•1so9 note 6) Support 7,500 7.166 578.775 487.616 Analy918 by fund Unresirfcted funds 578,775 487,616 Support costs allocalod to acllvltlès 2024 2023 In8ur8nce Othai running cost8 Governance costs 748 1.570 5,182 739 1,375 5,052 7,500 7,168 Analysod tOn. Charitable activities 7,500 7,188 2024 2023 Governance cost8 comprfso: Audil fees other financial costs 4,806 376 4,440 612 5,182 5,052 16-
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 Not mov•m•nl In funds 2024 2023 The net movement in funds is stated aft¢r charginty(crediting)'. Fe8s payable for the audit of the charity's financlal statements 4,806 4,440 Employeos The average monthly number of employees durlng the year was: 2024 Numb•r 2023 Number Tot•1 Romunoratlon of kéy management personnel The key management personnel are consldered to be the trustees. The tru8lee8 neither received nor walved any remuneratlon during the year {2023'. £Nill. The Iru$tees did not have any expenses reimbursed during the year (2023: £Nil). Galns and10$80s on Investments Unre¥trl¢lgd unrtrICt?d funds funds 2024 2023 Galnsl{losses) arising on: Revaluatlon of investments Sala of investments 159.519 62,443 7,824 (32,902) 221,962 (25,078) 10 Taxatlon The Charlty is exempt Irom income tax and capital gains tax to the extent that its Income and gains are applied for charitable purposes. No tsx charge has arisen In the year. 17-
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Flxed asset Inveslments Llstod Investments Cost or valuatlon At 1 January 2024 Additions Unrealised gain on revaluatlon Dlsposals 8.324.179 1.609,593 159,519 {1,532,698} At 31 December 2024 8,560,593 Carrylng amount At 31 December 2024 8,560.593 At 310ecember 2023 8.324,179 The investments of the Society are managed and held on the Society's behalf by Evelyn Partner8 StockbrokeryJ In the name of Iheir nomlnee company Evelyn Partners Investment Services Limited. Investment8 are accounted for at the balance sheet date at their fair value In accordance wlih applicable accounting standards. 2024 2023 Investrnent8 at fair value ¢ompris9'. Bonds Aiiwnatives & Muttl. Asset Equit188- United Kingdom Equities - Overseas Equities - Global 1,552,935 1,091.268 2,211,763 2,402.997 1,301,630 1,484,432 1.149,645 2,438,723 1.982,947 1.268,432 8,560,593 8.324.179 12 Doblor8 2024 2023 Amoun18 falllng due wlthln one year: Prepayments and accrued income 3.348 2,411 13 Cr•ditorn: amounts falllng duo wlthln one y•ar 2024 2023 Accruals and deferred income 12.189 12,070 18-
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Unr¢strlctgd funds At 1 January 2024 Incoming resou$ Rosourcos expended Galns and lossos At31 Dacembor 2024 General funds 8,892,479 464.499 1610,536) 221,962 8,968,404 Prevlous y•ar: At 1 January 2023 Incomlng Rosourc•s rnourc•$ oxponded Galns and Ios888 At31 DKomber 2023 General funds 8,987.334 449.559 (519.3361 125,078) 8,892,479 15 Analyl$ of not a88•ts b•twe•n funds Unr08tr1cted funds 2024 At 31 DK•mb•r 2024: Investmenis Current assetsllliablllties) 8,560,593 407,811 8,988,404 Unr•strl¢ted funds 2023 At 31 Docember 2023: Investments Current assetsllliabib'tles) 8,324,179 568.300 8,892,479 16 Rolatod party transactlon8 Grand Orange Lodge of Ireland is related to the charitabla company. Lord Enniskillen Memorial Orange Society received a donation of £100 {2023.. £100) from Grand Orange Lodge of Ireland and were charged an adminlstration fee of £36.000 (2023.. £36.000} by Grand Orange Lodge of Ireland. No other related party trdnsactions occurfed during Ihe year. 19-
LORD ENNISKILLEN MEMORIAL ORANGE SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Cash generatod from operations 2024 2023 Surplusl(defiot) for the year 75,925 (94.855> Adjustments for.. Investment Income recognised in statement of financial activities (Galn)Iloss on disposal of inv8stm8nts Fair value gains and losses on inveslments (314,930> (62,443) (159,519) (300,854} 32,902 (7,824) Movements in worklng capital.. {Incre8se)Idecrease in debtors Increasel(decrease) in creditors (937) 119 169 (130) Cash absorbed by op•ratlons (461,785) (370.5921 18 Analy$l8 of changas In not funds The charity had no material debt during the year.