NIC 108275 LISBURN RECREATION & COMMUNITY HUB REPORT OF THE TRUSTEES & UNAUDITED FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2023 LISBURN RECREATION & COMMUNITY HUB Accounts for the year ended 31$1 March 2023 Contents Page Information Trustees Report Independent Examiners Report Income and Expenditure Account Balance Sheet 9-10 Notes to the Financial Statements 11-15 LISBURN RECREATION & COMMUNITY HUB for the year ended 31st March 2023 Information Charity Number: NIC 108275 Date of Registration: ioth December 2021 Charity Address: Stanley Park Lisburn Leisure Park Governors Road Lisburn BT28 ILP Board of Trustees: Mr Paul Traynor (Chairl Mr Nigel Farr (Secretary) Mr Raymond Holmes (Treasurer) Mrsamuel Campbell Mr Kyle Paterson Mr Alan Coulter Mr Paul Macaulay Accountants: D W McKillen & Co 32 Enterprise House Enterprise Crescent Lisburn BT28 2BP Bankers: Barclay's Bank 61 Bow Street Lisburn BT28 IDR Insurance Brokers: Alan Brown & Company Insurance 74 Bachelors Walk Li5burn BT28 IBD lof15 LISBURN RECREATION & COMMUNITY HUB Accounts for the year ended 315t March 2023 Income and Expendlture Account Unrestricted Restricted Total Funds Funds Funds 2023 Funds 2022 Income Hire IFA Fundraising Lisburn Castlereagh City Lisburn Rangers Football Club Total Income 200 360 6595 -300 5394 12249 2191 710 360 6595 -300 5394 12249 400 3301 Expenditure Premise Hire Printing/Merchandise Surveys Professional Fees RSK Total Expenditure 260 280 625 500 699 6318 500 1440 8957 699 6318 500 1440 8957 1665 Net Surplus/lDeficit) 3292 3292 1636 Transfers between Funds Cash Funds last year 1636 1636 Cash Funds thls year end 4928 4928 1636 ststement of Assets and Liabilltles Cash Assets Unrestricted Restricted Total Funds Funds Funds 2023 2022 Barclay's 4928 4928 1636 Totsl Cash Funds 4928 4928 1636 8of15 LISBURN RECREATION & COMMUNITY HUB Balance Sheet As at 31¢ March 2023 Unrestricted Restrirted Income 2023 Funds 2022 Funds Note Fixed Assets Intangible Assets Tangible Assets Heritage Assets Investments Other Total Fixed Assets Current Assets Stock Debtors Investments Cash at Bank and in Hand 5428 5428 2136 Total Current Assets 5428 5428 2136 Credltors: amounts falling due withln one year 500 500 500 Net Current Assets 4928 4928 1636 Total Assets less Current Liabllltles 4928 4928 1636 Credltors: amount falling due after one year Total Net Assets 4928 4928 1636 Funds of the Charity Restricted Income Funds Unrestrlcted Funds 4928 4928 1636 Total Funds 4928 4928 1636 9of15 Lisburn Recreation & Community Hub Statement of Trustees, ResponsibilI￿e$ for the year ended 31° March 2022 The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to Charities in Nl requires the Charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources for that period. In preparing these Financial Statements, the Trustees are required to: select suitable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP; make judgments and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in busines5. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2008. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Trustees: Mr Nigel Farr Trustee Date: IOof15 USBURN RECREATION & COMMUNITY HUB Notes to the Accounts For the year ended 3151 March 2023 Note I Basis of preparation 1.1 Basls of Accountfng These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless Otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Prattice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) {effective 1st January 2015). The charity constitutes a public benefit entity as defined by FRS 102. Assets and Liabilities are initially recognised at historical cost or transattion value Unless otherwise stated in the relevant accounting policy note{s). 1.2 Change of Accounilng Policy The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note {l.l}. 1.3 Incoming Resources All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. 1.4 Resour￿$ Expended Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to expenditure. 1.5 Impairment of Fixed Assets A review for indicators of impairment 15 carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairment5 are also reviewed for possible reversal at each reporting date. Ilof15 LISBURN RECREATION & COMMUNITY HUB Notes to the Accounts For the year ended 31&t March 2023 Note 2 Detalls of certain types of expenditure Note 2.1 Fees for examinatlon of the accounts 2023 2022 Independent examinerfs fees 500 500 Note 3 Paid employees 3.1 Staff Costs 2023 2022 Salaries and wages Social security costs Pension costs (defined contribution pension plan) Other employee benefit5 Total staff costs No employees received employee benefits (excluding employer pension costs} for the reporknng period of more than £60,000 3.2 Average head count in the year 2023 Number 2022 Number The parts of the charity in which the employees work Fundraising Charitable Activities Governance Other Total 12of15 LISBURN RECREATION & COMMUNITY HUB Notes to the Accounts For the year ended 315t March 2023 Note 4 Tangible fixed assets 4.1 Cost or valuatlon Freehold Land and Buildlngs Plant and Machinery Fixture and Fittings Total At the 1st April 2022 Additions Revaluations Disposals Transfers At the 31st March 2023 4.2 Depreciation and impairments At the 1st April 2022 Disposals Depreciation Impairment Transfers At the 31" March 2023 4.3 Net book value Net book value 31/03122 Net book value 31/03123 4.4 Impairment NIA 4.5 Revaluation NIA 4.6 Other Disclosures 111 Borrowing Costs lil) Contractual Commitments lili} Asset5 are owned out right and have no pledged security. N/A N/A NIA 13of15 LISBURN RECREATION & COMMUNITY HUB Notes to the Accounts For the year ended 31st March 2023 Note 5 Creditors and accruals 5.1 Analysis of credltors Amounts falling due within one year 2023 Amounts falling due after more than one year 2023 2022 2022 Grants Received in Advance Bank loans and overdrafts Trade creditors Payments received Accruals Taxation and social security Other creditors Total 500 500 500 500 5.2 Deferred Income Movement in deferred income account 2023 2022 Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period Note 6 Cash at Bank and in Hand 2023 2022 Short term cash investments Short term deposits Cash at bank and on hand 5428 5428 2136 2136 Total There have been no funds received in advance of projects for the incoming Year 2023/2024. 14of15 LISBURN RECREATION & COMMUNITY HUB Notes to the Accounts For the year ended 31sr March 2023 Note 7 Transactions wlth trustees and related parties 7.1 Trustee remuneratSon and beneffts None of the Trustees have been paid for work done as a Trustee, any engagement5 are on the bases of Employment. Name of trustee Amounts paid or benefit value 2023 2022 Salary Pension Other Total Total 7.2 Trustees, expenses 2023 2022 No trustee expenses have been incurred. Type of expenses reimbursed Travel Subsistence Accommodation Telephone and Internet Total 7.3 Transaction(s) with related parties There have been no related party transactions in the reporting period. 8.Other disclosures There is always some financial uncertainty, the Trustees will be reviewing this over the following year. There is currently a project for a recreation and community facility to be funded from various Funding Providers and is nearing completion prior to the commencement of construction. 15of15