Lissan Hall Committee Limited A Company Limited by Guarantee Financial Statements Year Ended 30 April 2024 Company No.. N1645044 Lissan Hall Committee Limited A Company Limlted by Guarantee Table of Contents Year Ended 30 April 2024 Page Company Information Report of the Trustees Report of the Independent Examiner Statement of Financial Activities statement of financial position Notes to the Financial Statements Lissan Hall Committee Limited A Company Limited by Guarantee Company Informatlon Trustees Mr P Loughran Address for correspondence 29 Tullynure Road Cookstown Co Tyrone BT80 9XH Reglstered Office 29 Tullynure Road Cookstown Co Tyrone BT80 9XH Independent Examlner Seamus O'Neill FCA Weir & Co Chartered Accountants 23 High Street Moneymore Magherafelt BT45 7PA Bankers Bank of Ireland 32 James Street Cookstown Co Tyrone BT80 8LU Registered Company No. N1645044 Page 3 Lissan Hall Committee Limited A Company Limited by Guarantee Report of the Trustees Year Ended 30 April 2024 The trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements of the charity for the year ended 30 April 2024. The Trustees confirms that the Annual report and financial statements of the Trust comply with the requirements of the Trust's governing document, the Companies Act 2006 and have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Small Entities. This report provides information on Lissan Hall Committee Ltd's activities and financial performance and it forms part of a range of public information designed to give an open account of our work. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees are responsible for preparing the Trustee's report and the financial statements in accordance with Generally Accepted Accounting Practice in Ireland including the accounting standards issued by the Accounting Standards Board and published by Chartered Accountants Ireland. The Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources, including the income and expenditure, of the Trust for that period. In preparing these financial statements, the Trustees are required to: (1) select suitable accounting policies and then apply them consistently., (2) observe the methods and principles in the Charities SORP., (3) make judgements and estimates that are reasonable and prudent., and, (4} prepare the financial statements on the going concern basis unless it is inappropriate presume that the Trust will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable Trust's transactions and disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with current statutory requirements. The Trustees are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. STRUCTURE, GOVERNANCE AND MANAGEMENT a) Governing Document The organisation is a charitable company limited by guarantee, incorporated on 4 Apri12017. The company was established under a Memorandum of Association and is governed under its Articles of Association. Page 4 Llssan Hall Commlttee Llmited A Company Limited by Guarantfre Report of the Trustees Year Ended 30 April 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT- continued b) Recruitment and Appointment of Management Commlttee The directors of the company are also charity trustees for the purposes of charity law and are known as members of the Management Committee. OBJECTIVES AND ACTIVITIES Lis5an Hall Committee Ltd was established to manage and hold the lease of Lissan Church Parish Hall. They will associate with local statutory authorities and other voluntary organisations to ensure that the inhabitants of the Parish of Lissan and surrounding areas will have access to a meeting place and to a range of activities in the interest of social welfare for recreation, education or other leisure time occupation with the objective of improving the lives of the said inhabitants. Lissan Leisure Club and other clLibs such as dancing, bowling and drama group use the hall on a regular basis and it is our objective to make this facility as useful, warm and inviting as possible for all people especially elderly people and people with special needs. ACHIEVEMENTS AND PERFORMANCE This year we repaid £10,000 off our renovation loan. For the duration of the year we provided the hall for over 90 activities put on by Lissan Leisure Club. We provided meals for people after funerals and month's minds. The whist drives continued, one every month and the hall was available for group meetings etc. all in all we had a good year. Our Bonus Ball is still eaming much needed revenue and the activities pay rent. FINANCIAL REVIEW For the year ended 30 April 2024 Lissan Hall Committee Ltd had received £12,050, and had total expenditure of £2,483 resulting in a surplus of £9,567. At 30 April 2024 Lissan Hall Committee Ltd had total reserves of £43,454 of which £43,454 is unrestricted reserves. CHARITABLE PURPOSES Lissan Hall Committee Ltd was formed to provide, maintain and improve a facility which would be suitable to cater for the needs of other groups which would develop activities based in the community in order to cater for people in the social isolated area in which we live. Our ambition as a group is to gain financial support to achieve our goals. INDEPENDENT EXAMINER Weir & Co Chartered Accountants are deemed to be appointed under section 487{2) of the Companies Act 2006. Signed on Behalf of the trustees.. /k Mr P Loughra Director Page 5 Lissan Hall Commlttee Limited A Company Limited by Guarantee Independent examiners report Year Ended 30 April 2024 I report on the accounts of the company for the year ended 30 April 2024 which are set out on pages 7-13. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees are responsible ft)r the preparation of these accounts. The trustees consider that an audit is not required for this year under section 65 of the Charities Act (Northern Ireland) 2008 (the 2008 Act) and that an independent examination is needed Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to= examine the accounts under section 65 of the 2008 Act to follow the procedures laid down in the general Directions given by the Charity Commission under section 65 of the 2008 Act., and to state whether particular matters have come to my attention BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements- to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accord wth the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met- or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 0.￿16￿ . b) Preparation of the accounts on a going concern basis The trustees are of the view that the measures taken during the year and subsequent to the year-end have secured the immediate future of the charity and that on this basis the assessment of the trustees is that the charity is a going concem. Fund Accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. General funds may be transferred to designated funds where Trustees wish to use these funds for a specific purpose. Such funds may be transferred back to general funds once the criteria for the designation have been met or are no longer applicable. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of restricted funds is set out in the notes to the financial statements. Restricted funds may only be transferred to general or designated funds once the criteria for restriction have been discharged or no longer apply. d) Income Recognition Policies Items of income are recognised and included in the accounts when all of the following criteria are met.. The charity has entitlement to the funds- any performance conditions attached to the item of income has been met or are fully within the control of the charity. there is sufficient certainty that receipt of the income is considered probable., and the amount can be measured reliably Donated services and facilities In accordance with the Charities SORP (FRS 102), the general volunteer time of supporters is not recognised. Page 9 Llssan Hall Committee Limited A Company Limited by Guarantee Notes to the Financial Statements Year Ended 30 April 2024 1 ACCOUNTING POLICIES (continued) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Expenditure on charitable activities includes the costs taken to further the purposes of the charity and their associated support costs Other expenditure represents those items not falling into any other heading g) Tangible Fixed Assets Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives as follows: Asset Category: Equipment Buildings Annual Rate 25% 2% Straight line Straight line No depreciation is charged in year of acquisition or year of disposal. h) Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Taxation The company is a registered charity and the charitable tax exemptions are therefore being claimed to the extent that income andlor gains are applicable and applied to charitable purposes only. These exemptions will remain in place as long as income and expenditure is applied to charitable purposes only. Page 10 Lissan Hall Commlttee Limited A Company Limited by Guarantee Notes to the Financial Statements Year Ended 30 April 2024 2 Legal Status of the Charity The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up the liability in respect of the guarantee is limited to £1 per member of the charity. 3 Income from Donatlons and Legacies Total Funds 2024 Total Funds 2023 Unrestricted Restricted Donations 3,135 3,135 50 3,135 50 4 Income from Charitable Activlties Total Funds 2023 Total Funds 2024 Unrestricted Restricted Ticket sales Hall hire Sundry income 7,215 1,700 7,215 1,700 7,031 2,800 135 8,915 9,966 5 Analysis of expenditure on charitable activities Total Funds 2023 Total Funds 2024 Unrestricted Restricted Insurance Rent payable Water rates Professional fees Hall repairs Sundry expenses Course fees Affiliation fee Depreciation Amortisation of grant Bank charges 902 300 279 26 954 792 150 100 108 100 108 1,100 180 1,100 180 3,320 (2,433) 108 3,320 (2,433) 108 3,421 (2,433) 98 2,483 Page 11 Lissan Hall Committee Limited A Company Llm5ted by Guarantee Notes to the Flnancial Statements Year Ended 30 April 2024 6 Related Party Transactlons The charity was under the control of the board of trustees throughout the year. There are no related paty transactions to disclose under FRS 102. None of the Trustees receive remuneration or other benefit from their work with the charity. 7 Tangible Fixed Assets Buildings Equipment Total Cost.. As at 01 May 2023 159,257 2,376 161,633 Additions Disposals As at 30 April 2024 159,257 2 376 161.633 Depreciation.. As at 01 May 2023 6,348 2,014 8,362 Charge for the year 3,174 146 3,320 As at 30 April 2024 9,522 NBV as at 01 May 2023 152,909 362 153,271 NBV as at 30 April 2024 149,735 216 149 951 8 Credltors: amounts falling due after more than one year 2024 2023 Deferred grant Private loans 104,403 12,159 116,562 106.836 22.159 128,995 Page 12 Llssan Hall Committee Limlted A Company Limited by Guarantee Notes to the Financial Statements Year Ended 30 April 2024 9 Analysis of movements in Unrestricted Funds Opening Incoming Balance Resources Resources Transfers Funds as at Expended Between Funds 30 April 2024 General Fund 33,887 12,050 (2,483) 43,454 33,887 12,050 43,454 10 Analysls of movements In Restricted Funds Opening Balance Incomlng Resources Resources Transfers Funds as at Expended Between Funds 30 April 2024 Page 13 Llssan Hall Commlttee Llmited A Company Limited by Guarantee Notes to the Flnancial Statements Year Ended 30 April 2024 Page 14