The Rotary Club of Luryan Ch•rlt•bl• Trust Annual r•port •rtd flnand•l s¢•iem•hts For the y•ar ended 30 June 2023 Charltles Number; NIC108512
The Rotary Club of Lur£an Chailtabl* Trurt Annual r•port and finandal statemeAts for the year ended 30 June 202J Contents Paees References and admlnlstfatlve detalls Trustee5' Annual Repowt Independent examinerf5 report to the Trustees Statement of Receipts and Payments Statement of Assets and Llablll(les io Notes to the f Inancial statefflen¢s 11.13
The Rotary aub of Lurzan Charltable Trust Rèferences and admlnlstr•tl¥• det•lls Charity Namè: The Rotary Club of Lur8an Charltable Trust Charlty Reglstration Number: NIC108512 Reglstefed offlce: The Rotary Club ol Lurgan Charltable Trust. Clo Leslie Andeison 43 Clare Road, Gilford. Crai8avon, 8T63 6AG Tvustees Mr Leslie Anderson Mr Sean Wllson Mr Kevin O'Hara Mr Desmond Gre88 Independent Ex•mlftér 8ryan Fciar FC GMCG Chartered Accountants, Alfred House, 19 Alfred Street, Bellast BT2 8EQ
The Rotary Club of Lurgan Charltable Trust Trustee Annual Report for the year ended 30 June 2023 The trustees present the annual report and financlal statements for The Rotary Club of Lur8an Charltable Trust for the year ended 30 June 2023. The trustees have adopted the provlsions of the Statement of Recommended Practice {SORPI 'Accounting and Reporting by Charlties" (FRS 1021 In preparlng the annual report and financial statements of the charity. The financial statements have been prepared on a "Recelpts and Payments. basis in accordance with the accountlng policies set out in the notes to the flnanclal statements and appllcable accountlng standards, Accountin8 and Reportln8 by Charities: Statement of Recommended Practice applicable to charitles preparlng thelr accounts In accordance with the Financial Reportin8 Standard appllcable in the UK and Republlc of Ireland issued In Ortober 2019, the Flnanclal Reportin8 Standard appllcable in the United KSngdom and Republlc of Ireland IFRS 1021, the charitV5 governing document, the Charltles Act (Northern Ireland) 2008, Charitles Act (Northern Ireland) 2013, The Charities {Accounts and Reports) Regulatlon5 (Northern Ireland) 2015 and UK Generally Accepted Accounting Practice. Reference and admlnlstratlve detalls Charlty Name: The Rotary Club of Lurgan Charltable Trust Charity Registration Number.. NIC108512 Contact Address.. The Rotary Club of Lvrgan Charitable Trust, C/0 Leslie Anderson, 43 Clare Road, Gilford, Crai8avon, BT63 6AG Independent Examlner: Bryan Frlar FCA, GMCG Chartered Accountants, Alfred house, 19 Alfred Street, Bellast. County Antrim, BT2 8EQ Trustees of the Charltv The trustees who have served durlng the year and since the year end are as follows.. Mr Leslie Anderson Mr SÈan Wllson Mr Kevin O'Hara Mr Desmond Gre88
The Rotary Club of Lurgan Charltable Trust Tru5tee5' Annual Report for the year ended 30 June 20231ontlnued) Objectlves and Actlvttles The Charit$ objects are to promote the following purposes for the public benefit: The advancement of communlty development by the provision of recreatlonal facllltles and servlces for those citizens in the Armagh Banbrid8e & Craigavon Council area who are in need by reason of a8e. ill health, disabillty, flnanclal hardshlp or other disadvantage. The direct benefits which flow from the organisation's purposes include the provision of funds for other charStable and communlty organisations leading to the alleviatlon of flnanclal hardship and the Improvement of condltions and well-bein and family life of children, teenagers and adults in the Armagh Banbridge & Ciaigavon Council area which in turn prornotes the development, education and experiences ofyoung people. Further benefits include increased skills and knowled8e, vocatlonal opportunity and employment opportunlty whlch In turn promotes personal development, education and experiences. Benefits are evidenced throu8h feedback from beneficlarles, other Charltles and stakeholders that the trust enga8es with includin8 through short briefings/pre5entatlons outllnln8 experlences and outcomes for the trustees. This purpose does not give rise to any harm. The charlty's beneflciarles are citizens in the Armagh Banbridge & Craigavon Council area who are in need by reason of age, ill health, disability, financial hardship or other disadvantage. A private benefit to the trustees may arlse from ongoin8 programmes of trainin8 and good 8overnance and finance management. Through these pro8rammes, trustees may galn 5ki11s and experlence whlch are transferrable to other settings. These skills are incidental and necessary to ensure the benefit is provided to the right beneflclarles. Publlc b•n•fft stat•ment The trustees of The Rotary Club of Lur8an Charltable Trust confirm that they have had due re8ard for the guidance on Publlc Beneflt by the CharSty Commission for Northern Ireland and are pleased to report that durln8 the year the charlty has continued to provide Public Benefits through actlvities we offer. In partlcular, the trustees conslder how planned activities will contribute to the aims and objectives they have Set out, as well as provldln8 publlc beneflt. Purpose The trust was set up for the benefit of those clllzens In the Arma8h Banbridge & Craigavon Covncil area who are In need by reason of age, ill health, disability, financial hardshlp or other dlsadvantage. The trust is connected to the Lurgan branch of Rotary International, the world's lar8est voluntary service organlsatlon wlth more than 1.2 mllllon members in over 2(YJ countries. Rotary Club members are volunteers, male and female and. from all walks of life. who work to benefit the local and International communlty. In doing so, members make a positive difference to the lives of others. Their work Includes raising funds In support of worthy causes. Rotary, however. is not all about fundraisin8 and there is also a very important social element to it. Membership of a Rotary Club provides an opportunlty to meet others and develop frlendships. The trust accepts donations and grants from the Lurgan branch of Rotary international and other donor5 speclfically to help beneficiaries in the Armagh Banbridge & Craigavon Council area. It makes grants and donation5, helps other charities/groups locally. The trust raises funds for speclflc projects in the Borough. The Trust has supported a number of charltles Includln8 the St Vlncent de Paul Society and Salvation Army Covid-19 crisis funds. The trust has purchased outdoor mu5i(al Instruments for the 5en50ry garden in Ceara Special Needs School. Achlevements The Trust has supported a number of charities. We have made donations to the Salvation Army and St Vincent de Paul food bank appeal as well as to others induding Knitted Knockers based at Brownlow House, Lur8an. In conjunction with ABC councll we worked wlth them to provide tree whips for public benefit at Silverwood and we also supported Ceara speclal needs school In Lurgan.
The Rotary aub ol Lurgan Charltable Trust INStee Anfiual Report lor the year •nded JO 20131¢ontlnu•d) Achl*vements (contlnued) It Is our short to mÈdlum terni intentlon to dlsperse our monies in a(dance wirh our initial aims Ind are constantly seekln8 out tl)ose Indivlduals and 8roups who would beneflt. Slgniflcart becl1eS of the Cjub's thariiable activities re. Safvallon Army Stvincent de Paul Shanklll Par1shcarfASxIation Ceawa Sthocl Knltted KrKKkers UK iur8an Comege kndry 3,495 275 Iso 210 7.530 stN¢tur•, Gov¢rn•nce and M•ftayment Governlno docurnent The charlty Is a charltable trust ¢onstituted under a trust deed dated 25 June 2018, whlch Is reco8nlsed as a charlty wlth The Charity Commisslon lor Northern Irelafid. ftecrultm•n(4ppolntm•nt, Inductlon and tralnlni Thè trustees as charlty trustees have conlrol of the Charliy and Ils Pfopérty and Funds. No one may be appolnted as a trustee under ihe age of tlghteen; or disqualified under the applltable Charllles le8islatlon fiom a¢tln8 as a charlty tfllstee or trustee for a charlty; or not a rnember ol The Rotary Club of Lur8an. A trustee may not Jppolnt an alternate trustee or anyone to act on h1$ or hei behalf at meÈtlnis of the trustees. The Board shall GODSiSt ol a mlnlmum of three trustees. Every tfU5tee shall be appolnted for a perfod of 5 years from the dète of the Trust Deed. Each trustee shall be ell8ible for reappolntment lor a maxlmum of iwo furthei term5 of five years, Fof the avoidance ol doubt, electlon and fe.electlon ol trustees shall be o¥erseen by the Pre51dent for the tlme beln8 of T Rotary Club of Lurgan. Every trustee must execute a deed ol appolntmeni to art as a trustee ol the charlty befwe he or she Is ell8lble to vole at ny meetlrti ol the trustees. The trustees shall appolnt from thelf number a Chalrman, at the first ffleeting and suth Chalimin shall hold offKe for peflod of three years. On retiwement Ihe Chalrman shall be ell8lble for re.electlon from year to year and any vacanry occurrin8 durin8 the year whatever rèason shall be filled by the trustees Js the oc¢Jsion artses by a m•ior•ty vote. In selectinrf Indlviduals for appolntment AS trijsteés. the trustees musi have re8ard to the skllts. knowledge and experlen needed for the effectlve admlnlstratlon of the tharity. The trnstoes rnust make avallable io each new trustee on hls or hèr appolntment: a ¢op¥ ol ihe Trust Oeed and any mendments made to it: and a copy of the charlt(s latest report and statement of ?ccount5. Any casual vacancles txcurrln8 amongst Ihe trustees shall be filled by the Board and the repla¢ement trustees shall hold offKe for the remainder of ihe period for which the persons replaced would have held office. Trustees should be appointed for a perSod of flve years and be eli8ible for re-ele(Ilon. Election of trustees to be overseen by the Club Prtsldént. Trustees can onfy hold offke a510Th8 as ls>he Is a membef of The flotary aub of Lurgan.
The Rotary Cb ol Lrea Charltable Trust Trnstees. Annual Report for y•ar •nd•d 30 Jum 2023 (¢ontlnued) Structure. Go¥emance and Manaiement l¢ontlnuedl Pow•rs of the trw4ta•s The irustees mana8e the business of the charity and may exercise all the powers ol the charlty unless they are 5tsbjKt to any restriction as imposed by the applicable charltles. leglslation. Any meetin85 of trustees at whlch a quorum is present at the time the ielevant deelsion Is made may exerclse all the powers exercisable by the Irustees. The Irustees may dele8ate any of theSr powers or lunctions to a commlttee con51stlnB of not fewer than three trustees appolnted by them. Pro¢eedlNs of trust• Thé trustees rnust hold at leJst Iwo rneetln8s each year. A quorum al a meetlnl of the trustees is two tr115tees. A meetin8 of the trustees may be held elther In person or by sultable electronlc means agreed by the trustee5 in which all participants may communlcate wlth all the other participant5. The date, time and loc•tion of ihe next truslee rnee¢in815 48reed by the trustees at the meetln8 unless such •rran8ements have already been made. Meetin85 may also be called at any time by the Chairman or by any two trustees. In that case, not less than ten calendar days, notlce must be 8lven to the ¢thef Irustees unless all ol the trustees agree to call a meeting t 51K>rter notlce. The Chalrman or (if the Chairman 1$ unable or unwilliDi to do sol some other trust•• ch05en by them presldes at each meettn8 of the trustees. Exeept vthere otherwlse provlded In the Trust Deed. every Issue may be determlned by a slmple majoflty ofthe Votes cast t a meeting of the trustees but a resolutioTr which is in wrltlnÉ and signéd by all the trustees is as valSd as a resolutlon passèd at a méetln8. For thls purpose the resolutlon may be contalned In mowe than one documenl and wlll be treated as Pa55ed on the date of the last sl8natUfe. Except for the Chairman, who has a castln8 vote, every trustee h•5 one vote an each matier, RESPONSIWLITIES OF THE TAUSTEES Thè charlty's trustees are responslble lor preparlrtg the Trustqes Annual Report arKI the flnanclal stalements In accordance wlth appllcable law and United Kln8dom Accountln8 Standards {UnitEd Kin8dorn Generally Accepted Accountln8 Practlcel. The l•w applk•ble to charltles In Northef n Ireland requlre5 the trustees to prepaf e financlal slatements for each flnanelal year whlch glve a true and fair vlew of the state of Jffalrs ol the charlty and ol the Incomlng resources and applicatlon of resources ol the charlly for that perlod. In preparln8 these flnan(lal statemenis, the tfUStee5 afe requlred to: select sultable acrountin8 pollcles and then apply them CDnsistently.' obr¥e the methods and princlples in the Charities SORP 2019 (FRS102).' make Jud8ements and accountin8 estlmates that ore reasonable and pludent: state whether appllcable accountin8 Standards have been followed, 5ubJecr to any material departures di$¢105ed and explalned In ihe flnanclal statements; prepare the finan(ial statement5 on the golng concern basls unless It Is Inappropriate io presumé that the charlty will continue in operation.
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CIIARTLRRO AceouKrA%TJ The Rotary aub ol Luryan Charltable Trust Ind•p•nd•nt EN•ffllnerfs Report to The Rotary Club al Luro•n Chaiiiable Trust For th •r end•d 30 Jun• 1023 I report on the accounts of the charity for the year ended 30 June 2023 as set out on pa8es g to 13. Résp•ctlvé Responslbllltl•s •f Trus¢e¢s and Ind•pend•n¢ Ex•mln•r The chaiity's trustees afe responslble lor the preparatlon of the accounts in accordance with tho Charitles Act (Northern Ireland) 20Q8. It15 my respon51blllty to.. examlne the accounts undei sertlon 65 of Ihe Charltles Act1fr4orthem lieland) 2008,. follow the procedures lald down In the general Dlrectlons Blven by ihe Chjritv Commlssion for Northern Ireland under sectlon 6519)Ibl of lh* Charltles kt- and slate vthether partlcular matters ve corne lo my attentlon. Ba$ls ol Independent Exaffllnerfi st•t•rn•rtt I have examlned your charlty accounts as requlred undèr section 65 of the Chailtles Act any my examlnation was carrled out In accordance wlth the 8eneral Dlrertlon$8lven by the charlty Commlsslon lor Northern Ireland under sectlon 6519llb) of the Charitles Act. My examinatlon Sncluded a review of Ihe accovntln8 rec¢xds kept bv the Chaflty and a ¢omparbon ol the accounts presented wlth those records. It •150 Includes conslderJtlon of any unusual items or dlsclosur•s Sn the accounts and seekln8 explanations from you •s chaiity truste¢5 con¢ernln8 èny such matters. My role15 to slate whe¢h•r any rnaterlal mattefs have come to my attentlon 8ivin8 me cau5E to belleve.. That accounting records were nol kept In accordance wlth 5ectlon 63 of the Charltles Act. That the accounts do Thot accoid wlth those a¢countln8 records. That the accounts do not comply wlth the accountln8 requlrements of the Charlties Act. That there Is further Informatlon needed for a proper understandln8 of the a¢counts to r¢•ched. Al(rtsJ Ilouse 19 Alfr Slr njiuiLvr Jira UEQ DXJg10 NR DELP50 (tttury Hou 17 MaDdcdlleSIMt POHTAIX)WN LL8DURN BTaO IGN T62 JPB T¢1: w(oha9OJI iiiJ Ilu: 144(o)28 903I OTn T¢l.. +441t>)%t8 9y&) 7JS5 Va4: •44108 9260 1656 Trl: +44(1)bR3113¥ alltsi . •44(9)a838350293
Th• Rotary Club of Lur8*n Charttablo Trusi Independent Examlnerfs Rewt to the Trustee$ of The Rotary Club of Ch•r51•ble Trust Icontlnued) For the year ended 30June 2023 Independent Examlnerfs ststement I have completed my examlnation and have no concerns in respect of matter5111 to14) Ilsted above and, In connectlon wlth followln8 ¢he Dir¢105 ol Ihe ChaTIty Commi5 ion for Northern Ireland,. I havefound no mattews that requlre drawing to your a¢tention. an Frlar Charter Ilndependent ExamSner) niifits Ireland For and on behalf ol GMCG Chartered CoUntantS & 5tatulory Auditof Alfred House 19 Alfred Street 8elfast BT2 8EQ Date., k.q."...fv.K::
Th• Rotary Club of Lurpn Charhable Trust Statèmènt of R•¢•lpts and prnents Y¢ar ended 30 2023 Unrn5trkled Restrlcted Funds Funds Total 2023 Total 2022 Rec¢lpts: Voluntary receipts Charltable xtlvities Investments Total rq¢elpts Paymenls Cost of ra555ng funds Cost of charitable actlvltles Governance costs 17,530) 134} (7.5301 (1,750) 1627) Totil payments 7,564 (7,5641 12,377) W•t Ip•ym•nts) 17,564) ,$641 12.3681 Tran+T$ b•tw••n fvnds IO•fl¢ltl for th• 17,564) 17,5641 {2,368} Reconclll•tlon: Cash at bank and In hand at 30June 2022 {Deficirl lor the year 32.982 17,564) 32,982 17,S641 35,350 12,368} Cash •t bank •ftd In Iwid ai 30Jun• 2023 25,418 25A18 32,981 All Income and expenditure derives from continuln8 acllvltles,
The Rot•ryaub •liwry• Ch•rhTnul YMrand•daO 1013 Totsl Cash atbank and in hd 30Jun• 2012 {OEfi¢ttl f¢rthe ytsr J2m2 3S,350 1136Jl (7J Ai• 32,982 e•nk Cuvrent A¢c4uTrl 32.982 Appro¥•d •nd •ulhortMd fvr151u• by th••owd OlTrU51m,-. .. .. Tius The notes on pow 11 ts 13 forni part ollhe Ilmndd st•tements io
The Aolary aub 01 Lurgan Charhable Trwt Notes to the Iln•n¢lal st•t•ments Year eftded JO June 2023 l. Sumfflary ol $18nlllcant accountlng polld•s The prlnclpal accounting policies adopted. judgements and key sources of estlmatloD uncertainty In the preparatlon of the finandal statements afÉ as lollows: a) General Inforniatlon and basls of preparntlon The Rotary Club of Lur8an Charitable Trust is a charfty and it re8lsieredwllhTheChawltYComm155k)nforNorthem Ireland Ih on 16 February2022. The addre55 of the fe8ist¢red olflce is glven In the charlty Informallon on pa8e l of these flnanclal statements, The nature of the charIt5 ryeratlons and prlncSpal activltSes are the provlslon ol funds for other tharltable and tommunlty orgaD15atlon5 leading to the allevlatlon of flnanclal hardship and the Improvement of condltlofts and well- being and faffllly Ilfe of chlldren, teenagers and adults In the Armagh Banbridae & Cralgavon Council area whlch In ium promotes the Llevelopmenr. educatlon and e¥perlences of young people. The Rotary Club of Lurgan Charltable Trust, acharltablÈtrust Is consrltuted under a trusrdeed dated 25 June 2018. The Rolary aub ol Lurlan Charltable Trust constitutes a publlc benefit entity as defined by FRS 102. The charlty's trustees are respenslble for the preparatlon of ihe accounts In accordance wlth the Charftles Act (Northern Ireland) 2(X18. tatement of Com liance The fin•nclJl statements have been prepared In accordance wlth applltablÈ a¢countln8 Standards. Attountin8 and Reportlng by Charltles: 5¢atement Df Recommended Practice applicable to charltles proparln8 their accounts In accordance with Ihe Flnonclal Reportln8 standard applicable In the UK and Repvbli¢ of Ireland Issued In October 2019, the Fimnclal Reportin8 Standard applicable In the United Kin8dom and Aepublic of Ireland IFRS 1021, the Charltles Act (Northern Ireland} 2((J8, Charltles Att (Northern Ireland) 2013. The Charitie5 (Accounts and Reports) Re8ulatlon5 (Northern Ireland) 1015 and UK Generally Accepted Accountin8 Practke. The flnanclal statements have been prepared on the 8oln8 concern basls under the hlstoflcal cost conventlon, modlfled to Include certain Itern5 at fair value. The Ilnanclal $tatement5 are presented In sterlln8 whlch Is the functlonal currency of the charity and rounded tothe nearest £1. The Charhles Act (Northein Ireland) 2008 permils a charity to prep•ie a recelpls and payments account and a statemenl ol assets and Ilablllties where 8ross income In the ftThanclal yeai does not emceed E25Q,DDO, there¢e a Recelpts and Paymenls actount and a Statement ol Assets and Llabllilies ha5 been prepared for the year ended 30 lune 2023. The $18nlficant accountlng pollcles applied In ihe preparatlon of these flnandal statements are set out below. These pollcSes have been conslstentty applled to all years piesenied unless otherwise stated, bl Funds Funds are clas5ifi¢d •5 either resttlcted funds or unrestrlcted funds, defintd as follows. Unwestrlcted funds are expendable at the dlscretlon of the trust¢e5 In furtherance ol the objects of the charlty whlch ha not been designaled for other purposes. Oeslgnated funds comprise unrestrlcted funds that have been set aslde by the trustees for partlcular purposes. This designation has an admlnlstratlve purpose only and does noi legalty restrirt the twstees, discretion to apply the fvnd.
The Rotary aub of Lurgan Charttable TNst Not to th• fin•n¢l•l st•t•m•nts l¢oftllnued) Year ended 30 June 2023 l. Summiry 0151M¢•nt OuntIng pollcl•s (¢oDtlnu•d) bl Fundslcontlnuedl Restrltted funds are funds whkh are to be used in accordance wSth speclftc restrlctlons Imposed bv donors or whlch have beeh ralsed by the charity for partlcular purposes. The costs of ralsin8 and admlnlstering such funds are char8ed against ihe specific fund. Restrkted fund5 may oThty be traDslerred to unrestflcted funds once the criterfa for restrlttlon has been dlschar8ed ¢x no lon8er applles. ) Inwme All income, includin8 grants and Investment Income Is recorded when recelved. Glft ald reclalmable on doniil¢>ns Is re¢oided In Income once recelved. d) Exp•ndltur• All èxpendltur• Is récord when pald. No expenses were pald to •ny of the trv5tee5 during ¢he yelr. •) C•sh •nd c•sh •qulv•l•nli Cash and cash •quivalents in¢ludu cash In hand, cash at bank and other short-term hiihly liquid investments wlth orlglnal matufltlos of three rnonths or less. As • ¢hailiy, li ben¢fiiS from ¥arlous •x•mptlons afforded by tax le81slalk•n.111s Iherefore not li•ble to corporatlon tax on Income or 8aln$ falline due wlthln those exempiion5. Recovery Is made ol tax deducted Irorn Tecelpts under aift ald. The charlty15 not re815tered lor VAT purposes,. therefore expenditure 1$ 5hpwn gro55 of VAT. 9) CrlQlc•l attountlni ludi•Amlts •nd tIm•ll9 un¢•rt•lnty Estimates and lud8ments made in the procèss of preparin8 the financial statemen15 are conllnually evaluated and are Sed on h5storkal experlen¢e and other factors, includln8 expectatlons of futuie events that •r¢ believed to be reasonable undef the cIr¢umsta•$. The Trtsstees do not consider thjt there •rE Jny crltlcJl judgments made In ipplylnl the charitvs accountln8 polScles or that there are any crltical accountin8 estimate5 or a55umption5 which may have a sl8nsficant rlsk of c•usin8 a material adlustmnl to c•rryin8 amounts of assets and liablllties wlthln the nqxt financSJl year. 12
The Rotary aub tsf Lurlan Charftable TNst Notes to the flnand418tatem•nts (¢ontlnued) Y•ar ded 30 Jun• 2023 I Inv•stfflent In¢ome Unrostrlrted Restrlcted Funds Total 2023 Total 2022 Bank interest recelved In¢ome from Inve5tment5 was £Nil12022.' £91 of which. £Nil12022: ÉNII) was at¢rlbutable to re5tr•cted and £Nil12022.. £91 was attrlbutable to unrestricted. 3, Cost Of Charitable •rtfv111•s Unr¢slrl¢t•d Funds R•stilcled Funds Tot•1 20Z3 Total 2022 Salvation Amiv St Vincent de Paul Shanklll Parlsh Carln8 Associatio Ceara School Knltted Knockers UK Lur8an College Sundry 3.495 2,5 3M95 1,000 500 275 150 275 150 250 210 7,530 210 7.530 1,750 Cost of ¢harltable ¥¢iivltles was £7,53012022., £1,750) of whlch £NII {2022: £Nill was attrlbutable to restrlrted and £7,530 12022: É1,750) was aitrlbutable to unrestrlcled. 4, Govem•nce cosls Tot41 2023 Total 3)22 Trustee remuneration Trnstee expenses Le8al and profe5slonal lees Bank Interest and char8e5 27 627 13