LISBURN RECREATION & COMMUNITY HUB Accounts for the year ended 31# March 2024 Income and Expenditure Account Unrestricted Restricted Total Funds Funds Funds 2024 Funds 2023 Income Hire IFA Fundraising Lisburn Castlereagh City Lisburn Rangers Football Club Total Income 200 360 6595 -300 5394 12249 350 5875 350 5875 6225 6225 Expenditure Lisburn Rangers Football Club Printing/Merchandise Surveys Professiona l Fees RSK Total Expenditure 6255 6255 699 6318 500 1440 8957 4680 500 4680 500 11435 11435 Net Surplus/l Deficit) -5210 -5210 3292 Transfers between Funds Cash Funds last year 4928 4928 1636 Cash Funds this year end -282 -282 4928 Statement of Assets and Liabilities Cash Assets Unrestricted Restricted Total Funds Funds Funds 2024 2023 Barclay's -282 -282 4928 Total Cash Funds -282 -282 4928 8of15 LISBURN RECREATION & COMMUNITY HUB Balance Sheet As at 31st March 2024 Unrestricted Restricted Income 2024 Funds 2023 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 218 218 5428 Total Current Assets 218 218 5428 Creditors: amounts falling due within one year 500 500 500 Net Current Assets -282 -282 4928 Total Assets less Current Liabilities -282 -282 4928 Creditors: amount falling due after one year Total Net Assets -282 -282 4928 Funds of the Charity Restricted Income Funds Unrestricted Funds -282 -282 4928 Total Funds -282 -282 4928 9of15 Llsburn Recreation & Community Hub Statement of Trustees, Responsibilities for the year ended 31" March 2024 The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United l(ingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practicel and applicable law and regulations. The law applicable to Charities 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 conslStently- observe the methods and principles in the Charities SORP; make judgments and estimates that are reasonable and prudent,. prepare the financi815tatements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 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 a55ets 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 NIBÈI farr Trustee Date-. IOof15 LISBURN RECREATION & COMMUNITY HUB Notes to the Accounts For the year ended 315t March 2024 Note I Basis of preparation 1.1 Basis of Accounting 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 Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland IFRS 1021 {effertive 1st January 20151. The charity constitutes a public benefit entity as defined by FRS 102. Assets and Lia bilities are initially recognised at historical cost or transaction va lue Unless otherwise stated in the relevant accounting policy notelsl. 1.2 Change of Accounting 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 Resources 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 is carried out at each reporhng 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 impairments are also reviewed for possible reversal at each reporting date. Ilof15 LISBURN RECREATION & COMMUNITY HUB Notes to the Accounts For the year ended 315t March 2024 Note 2 Details of certain types of expenditure Note 2,1 Fees for examination of the accounts 2024 2023 Independent examinerf5 fees 500 500 Note 3 Paid employees 3.1 Staff Costs 2024 2023 Salaries and wages Social security costs Pension costs {defined contribution pension plan) Other employee benefits 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 2024 Number 2023 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 31st March 2024 Note 4 Tangible fixed assets 4.1 Cost or valuation Freehold Land and Buildings Plant and Machlnery Fixture and Fittings Total At the 1st April 2023 Additions Revaluations Disposa Is Transfers At the 3151 March 2024 4.2 Depreciation and impairments At the 1st April 2023 Disposals Depreciation Impairment Tra nsfers At the 315r March 2024 4.3 Net book value Net book value 31103/23 Net book value 31/03124 4.4 Impairment N/A 4.5 Revaluation N/A 4.6 Other Disclosures 111 Borrowing Costs lill Contractual Commitments liiil Assets a re 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 2024 Note 5 Creditors and accruals 5.1 Analysis of creditors Amounts falling due within one year 2024 Amounts falling due after more than one year 2024 2023 2023 Grants Received in Advance Bank loans and overdrafts Trade creditors Payments received Accruals Taxation and social security Other creditor5 Total 500 500 500 500 5.2 Deferred Income Movement in deferred income account 2024 2023 Balance at the start of the reporknng period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporknng period Note 6 Cash at Bank and in Hand 2024 2023 Short term cash investments Short term deposits Cash at bank and on hand 218 218 5428 5428 Total There have been no funds received in advance of projects for the incoming Year 202312024. 14of15 LISBURN RECREATION & COMMUNITY HUB Notes to the Accounts For the year ended 31st March 2024 Note 7 Transactions with trustees and related parties 7.1 Trustee remuneration and benefits None of the Trustees have been paid for work done as a Trustee, any engagements are on the bases of Employment. Name of trustee Amounts paid or benefit value 2024 2023 Salary Pension Other Total Total 7.2 Trustees, expenses 2024 2023 No trustee expenses have been incurred. Type of expense5 reimbursed Travel Subsistence Accommodation Telephone and Internet Total 7.3 Transaction{s) with related parties There have been no related party transactions in the reporling 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