The Rotary Club of Lurgan Charltable Trust Annual report and flnan¢l•l statements For the year ended 30 June 2024 Charltles Number: NIC108512
The Rotary aub of Lurgan Charltable Trust Annual report and financial Statements for the year ended 30 June 2024 Contents Page5 References and administratlve details Trustees, Annual Report Independent examlnerfs report to the Trustees Statement of Receipts and Payments Statement of A55et5 and Liabilities io Notes to the flnanclal statements 11-13
The Rotary aub of Lurgan Charitable Trust References and admlnlstratlve details Charity Name: The Rotary Club of Lurgan Charitable Trust Charlty Re81stratlon Number: NIC108512 Registered office,. The Rotary Club of Lurgan Charitable Trust, Clo Le51ie Anderson 43 Clare Road, Gllford. Cralgavon. 8T63 6AG Trurtees Mr Leslle Anderson Mr Sean Wilson Mr Kevin O'Hara Mr Desmond Gre88 Independent Examlner Bryan Friar FCA, GMCG Chartered Accountants, Alfred House, 19 Alfred Street, eelfast BT2 8EQ
The Rotary Club of LurEan Charitable Trust Trustees. Annual Report for the year ended 30 June 2024 The trustees present the annual report and financial statement5 for The Rotary aub of Lur8an Charitable Trv5t for the year ended 30 June 2024. The trustees have adopted the provisions of the Statement of Recommended Practice {SORP) "Accountin8 and Reporting by CharStles" {FRS 1021 in prepaiin8 the annual report and financial statements of the charity. The financlal statements have been prepad on a "Recelpts and Payments- basls In accordance with the accounting policies set out in the notes to the financial Statements and applicable accounting standards, Accounting and Reportin8 by Charitles: Statement of Recommended Practice applicable to charities preparing thelr accounts In accordance wlth the Financlal Reporting Standard applicable in the UK and Republic of Ireland i55ued in October 2019, the Financial Reporting Standard appllcable in the United Kingdom and Republic of Ireland IFRS 1021, the charItS 8oveinin8 document, the Charities Act {Northern Ireland) 2008, Charities Act {Northern Ireland) 2013. The Charities (Accounts and Report5) Re8ulatlons (Northern Ireland) 2015 and UK Generally Accepted Accounting Practice. Reference and admlnlstiatlve detalls Charlty Name,. The Rotary Club of Lurgan Charltable Trust Charity Re8lstratlon Number., NIC108512 Contact Address; ThÈ Rotèry Club of Lur8an Charltable Trust, Clo Leslie Anderson, 43 Clare Road, Gilford, Craigavon, BT63 6AG Independent Exarniner.. Bryan Frlar FCA, GMCG Chartered Accountants. Alfred house, 19 Alfred Street, Belfast, County Antrim, BT2 8EQ Trustee5 of the Charlty The trustees who have served during the year and slnce the year end are as follows: Mr Leslie Anderson Mr Sean Wilson Mr Kevin O'Hara Mr Oesmond Gre88
The Rotsry Club of Lurgan Charitable Trust Trustees, Annual Report for the year ended 30 June 20241contlnued) Oblertlves and Activities The Charlty's objects are to promote the followin8 purposes for the publlc benefit- The advancement of community development by the provision of recreational facilitie5 and sep4ices for those citizens In the Arma8h Banbrldge & Craigavon Councll area who are In need by reason of age, ill health, dlsability. financial hardship or other dlsadvantage. The direct benefits whlch flow from the organisatlon's purposes Include the provision of funds for other charitable and community or8anlsatlons leading to the alleviation of financial hardship and the Improvement of conditlons and well-being and famlly life of children. teenagers and adults in the Armagh 8anbrid8e & Craigavon Councll area which In turn promotes the development. educatlon and experlence5 of young people. Further benefi'ts include increased skllls and knowledge, vocatlonal opportunlty and employment opportunity whlch in turn promote5 personal development. education and experiences. Benefits are evidenced through feedback from beneflclaries, other charltles and stakeholders that the trust engages wlth including through short briefin8s/pre5entatlons outlinln8 experiences and outcomes for the trustees. This purpose does not 8ive rlse to any harm. The charlty's beneficiaries are cit12ens in the Armagh Banbrldge & Cral8avon Councll area who are In need by reason of age. ill health, disability, financlal hardship or other disadvantage. A prlvate benefit to the trustees may arise from on8olng programmes of trainin8 and 8ood governance and finance management. Throu8h these pro8rammes, trustees may 8aln skills and experlence which are transferrable to other settln8s. These skills are incidental and necessary to ensure the beneflt Is provlded to the right beneficiaries. Publlc benefit statement The trustees of The Rotary Club of Lur8an Charltable Trust conflrm that they have had due re8ard for the guidance on Public Beneflt by the Charlty Commission for Northern Ireland 3nd are pleased to report that durln8 the year the charlty has contlnued to provide Publlc Benefits through actlvltles we offer. In particular, the trvstees conslder how planned activitles wlll contribute to the aims and oblective5 they have set out, as well a5 provldlng public benefit. Purpose The trust was set up for the beneflt of those cltlzens in the Arma8h Banbridge & Craigavon Council area who are In need by reason of age, ill health, dlsability, financlal hardship or other disadvantage. The trust is connected to the Lurgan branch of Rotary International, the world's largest voluntary servlce organisatlon with more than 1.2 milllon members in over 200 countrSes. Rotary Club members are volunteers. male and female and, from all walks of life, who work to benefit the local and International community. In doin8 so, members make a positive difference to the lives of others. Their work includes raising funds in 5UPPOrt of worthy causes. Rotary. however, Is not all about fundraislng and there Is also a very Important social elÈment to It. Membershlp of a Rotary Club provides an opportunity to mÈet others and develop friendships. The trust accepts donations and grants from the Lurgan branch of Rotary Internatlonal and other donors specifically to help beneficlarles in the Arma8h Banbridge & Craigavon Council area. It makes 8rants and donations, helps other charities/groups locally. The trust ralses funds for speclfic projects In the Borough, Achlevements The Trust has supported a number of charltles during the year. It Is our short to medium term intention to disperse our monies in accordan wlth our initial alms and are constantly seeking out those individuals and groups who would benefit.
The Rotary Club of Luryan Charltable Trust Tru5tees' Annual Report for the year ended 30 June 2024 (contlnued) Achlevements {contlnued) 5i8nificant benefiaarie5 of the aub'5 charitable activities were: Crai8avon Area Foodbank Ceara School Aware Defeat Depression 2,0 1,476 3,876 Structure. Governance and Management Governlng do¢ument The charlty Is a charltable trust constituted under a trust deed dated 25 June 2018, which is reco8nlsed as a charity with The Charity Commisslon for Northern Ireland. Recrultment. appolntment. Indu¢tlon and tralnln8 The trustees as charlty trustees have control of the Charity and it5 property and Funds. No one may be appointed a5 a trustee under the age of eighteen; or disqualified under the appllcable Charities leglslation from acting as a charity trustee or trustee for a charity; or not a member of The Rotary Club of Lur8an. A trustee may not appolnt an alternate trustee or anyone to act on hls or her behalf at meetings of the trustees. The 8oard shall consist of a mlnlmum of three trustees. Every trustee shall be appointed for a period of 5 years from the date of the Trust Deed. Each trustee shall be eligible for reappolntment for a fflaximum of two further terms of five years. For the avoldance of doubt, election and re-electlon of tru5tee5 shall be overseen by the Presldent for the tlme being of The Rotary Club of Lur8an. Every trustee must execute a deed of appointment to act as a trustee of the charity before he or She is ell8ible to vote at any meeting ofthe trustees. The trustees shall appolnt from thelr number a Chalrman, at the first meeting and such Chalrman shall hold office for perlod of three years, On retlrement the Chalrman shall be ell8ible for re.election from year to year and any vacancy occurring durin8 the year for whatever ieason shall be fllled by the trustees as the occasion arlses by a majorlty vote. In selecting individuals for appointment as trustees. the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. The trustees must make avallable to each new trustee on his or her appolntment- a copy of the Trust Deed and any amendments made to it: and a copy of the charit¢s latest report and statement of accounts. Any casual vacancies occurring amongst the trustees shall be filled by the Board and the replacement trustees shall hold office for the remainder of the period for which the persons replaced would have held offlce. Trustees should be appointed for a period of f ive years and be eligible for re-elÈrtion. Electlon of trustees to be overseen by the Club Pfesldent. Trustees can only hold office as lon8 a5 {5lhe is a member of The Rotary Club of Lur8an.
The Rotary Club of Lurgan Charitable Trust Trustee Annual Report for the year ended 30 June 2024 (contlnued) structure, Governance and Mana8ement l¢ontlnued) Powers of the trustees The trustees manage the business of the charity and may exercise all the powers of the charity unless they are subject to any restriction a5 imposed by the appllcable charltles, legislation. Any meetin8s of trustee5 at whlch a quorum Is present at the time the relevant decision is made may exercise all the powers exercisable by the trustees. The trustees may delegate any of their powers or functions to a commlttee conslstln8 of not fewer than three trustees appointed by them. Proceedln85 of trustees The trustees must hold at least two meetings each year. A quorum at a meetlng of the trustees Is two trustees. A meetlng of the trustees may be held either In person or by suitable electronic means agreed by the trustees In which all participants may communicate with all the other partlcipants. The date, time and locatlon ofthe next trustee rneetlng is agreed by the trustees at the meeting unless such arrangements have already been made. Meetings may also be called at any time by the Chalrman or by any two trustees. In that case, not less than ten calendar days, notlce must be 8lven to the other trustees unless all of the trustees agree to call a meÈtlng at shorter notice. The Chalrman or lif the Chairman Is unable or unwilling to do sol some other trustee chosen by them presldes at each meetln8 of the trustees. Except where otherwlse provlded in the Trust Deed. every issue may be determSned by a slmple majorlty of the votes cast at a meetin8 of the trustee5 but a resolution whlth is in wrltSn8 and sl8ned by all the trustees Is as valid as a resolutlon passed at a meeting. For this purpose the resolution may be contalned in more than one document and wlll be treated as passed on the date of the last Si8nature. Except for the Chalrman. who has a castln8 Vote, every trustee has one vote on each matter. RESPONSIBILITIES OF THE TRUSTEES The charity's trustees are responsible for preparing the Trustees Annual Report and the financlal Statements in accordance with appllcable law and Unlted Kln8dom Accounting Standards Iunlted Kin8dom Generally Accepted Accountin8 Practice). The law appllcable to charities In Northern Ireland requlres the trustees fo prepare financial statements for each flnancial year which 8ive a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charlty for that perlod. In preparlng these financial statements, the trustees are requlred to: select sultable accountlng policie5 and then apply thÈm conslstently,. observe the methods and prlnciples in the Charities SORP 2019 IFRS102)- make ludgements and accounting estlmate5 that are reasonable and prudent,. state whether applicable accounting standards have been followed. subject to any material departures disclosed and explalned In the financial statements; prepare the financlal statements on the golng concern basis unless It Is Inappropriate to presume that the charity will continue in operation.
TruslM¢ Anfiu•l R•portforth• year end aojuhe 2024 Itofvtlnuedj AESP011518ILmES OF THE TRLISTEE5 (GoDtlnu¢d) The tNSttt5 are te5pon5ible IDr keepln8 proper accountlng records that d4sd05e wllh reasoftable 4ccuracy atany time the rinanclal posltlon of the charlty and enable them to en5ur¢ that the financlal statemerbts comply wlth the Charltles Act {Northem Ireland) 2008. the Charltles (Actounts and Reports) Regulation5 {Northem Irelandl 2015 and the wovlslons of thetW5t deed. The twstees are also responsible for salezuardlne the assets of the charlty and hence loriakln8 reasonable 5tep5 for the preventlon and dpleclion of fraud and other Irre8ularltles. The trustees are responsSble for the malntenance ar•d Integrlty of the charfty and fiftanclal Infomation induded (xi the tharltrfs webslte. Legislation in the Unlted Kingdom govern1 the preparation and dlssemlnatlon of the financlal slatements may differ fr¢)m le8i51atlon in otherjurlsdictions. ststement to dls¢lDsure to our Indepehd•nt Examln•i In w far as the trustees are av4•re at the timlftg of appYo¥ln8 (wr trustees, annual report: there relevant inlorntstlon for th¢ Independent gxamlnw of whlch the th•rlVs Independent examln¢r is unaware: and tl* trustee5 have taken •ll stèps that they ought to thove tsk•n to makg ihÈmsefvqs aware ol any relevant Informatlon and to establlsh thèt the th•rltys Independent •xamlner Is aware of thèt Infornialion. Indqp•nd•Nt •xamlft•r GMCG Belfast Chartéred A¢¢ount•nts h•$ been rappoInted independert examlner for the ¢nsuln8 year. Apwoved by and slgned on beh811 of the Trustees bv.. IA51i• Trustte
CHARfEARD ACCOUNThNTS The Rotary Club of Lurgan Charltable Trust Independent Examlnees Report to The Rotary Club of Lur8an Charftable TNst For the year ended 30 June 2024 I report on the accounts of the charity for the year ended 30 June 2024 as set out on pages 9 to 13. Respectfve Re5ponJlbllltles of Trustees and Independent Examlner The charity's trusteÈs are responslble for the preparatlon of the accounts in accordance wlth the Charities Act (Northern Ireland) 2008. It Is my responsiblllty to: examine the accounts under section 65 of the Charities Act (Northern Irelandl 2008. follow the procedures lald down In the general Directions glven by the Charity Commission for Northern Ireland under sectlon 6519llbl of the Charltles Act; and state whether particular matters have come to my attentlon. 8a$15 of Independent Examlnerfs statement I have examined your charity accounts as required under section 65 ofthe Charltles Act any my examlnation was carrled out in accordance with the 8eneral Olrections 8lven by the charlty Commlsslon for Northern Ireland under sectlon 65{9)Ib) of the Charities Act. My examination included a revlew of the accounting records kept by the charlty and a comparison of the accounts presented wlth those records. It also Include5 con51deration of any unusual Item5 or dlsclosures In the accounts and seekin8 explanations from you as charity trustees concernln8 any such matters. My role Is to state whether any materlal matters have come to my attentlon 8lvin8 me cause to believe: That accountin8 records were not kept in accordance with sectlon 63 of the Charlties Act. That the accosjnts do not accord wlth those accounting records, That the accounts do not comply wlth the accountlng requlrement5 of the Charities Act. That there is further Informatlon needed for a proper understandln8 of the accounts to reached. 19 Aifnd Street IIBQ DX3910 NR BE[ so (Illry House 40 ¢XunI Ilwness P&Yk USDURN BT28 2GN 17MudcvllleS)r¢et voKrAIK)WN CrAlg T633PB Tel: +44(0)28 9031 IXIJ Vw. 444(0)28 9031 OTT7 Tel.. +44(0)289260 T5 Vax: +44(0)28 9260 1656 Tel: +44(1))a8 38J3 2801 lia¥: 444(oP8 3835 0293 IrathLmaMeofGM¢GCr•up Ilmikd. R¢8lloNfa59660. IAsi clIAr¥VIlknb reklsthdrflke Is1 loLthL wrkbY10 InsiliweofcknieTts4A¢wynia•ts kn iTda
The Rotary Club of Lurgan Charltable Trust Independent Examiner's Report to the Trustees of The Rotary Club of Lurgan Charltable Trust (continued) For the year ended 30 June 2024 Independent Examinerfs statement I have completed my examlnation and have no concerns In respect of matters111 to14) Ilsted above and, In connettion with followin8 the Dlrections of the Charlty Commisslon for Northern Ireland,. I h e found no matters that require drawin8 to your attention. Bryan Friar FCA (Independent Exam Chartered Accountants Ireland For and on behalf of GMCG Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast 8T2 8EQ Date: ftr, Af
The Rotary Club of Lurgan Charftable Trust Statement of Recelpts and Payments Year ended 30 June 2024 Unrestri¢ted Funds Restrlcted Funds Total 2024 Total 2023 Recelpts: Voluntary receipts Charitable activities Investments 514 514 Total recelpts 514 514 Payments Cost of raising funds Cost of charltable activitles Governance costs 13,8761 (321 13,876) 1321 (7,530) 1341 Total payments 13,908) 13,9081 17,5641 Net (payments) (3,3941 13,394 17,5641 Transfers between funds (Defi¢lt) for the year 13.394) 13,3941 17,564) Reconclllatlon: Cash at bank and In hand at 30 June 2023 (Deficit) for the year 25.418 13,394) 25,418 (3,3941 32,982 17,5641 Cash at bank and In hand at 30 June 2024 22,024 22,024 25,418 All income and expenditure derives from contlnulng actlvities.
ststwn•ntof A$3•ts4nd ilabllltth5 Year •nd•d lone 2ts24 Totsl 24 Tolal 2023 Funds Funds Funds Rq¢onclllatlon Cash at bank and In hand at 30 June 2023 IDeficlt} for the year 25AI8 11394) 25AI8 (33941 32.982 17,564) C•sh •t •nd In h•nd It JO June 2024 12,024 12024 25,418 2024 2023 Bafik and f•sh bal•nc•s Bank Curreni Account 2Zm4 25,418 2S,418 g{"'fvf g,. S Approved ahd aLrthorised lor Issue by the Board of TrusteeJ on ,.......... nd slgned on thelr behalf bv", Lesl1• And•rson Tru%t•e Oate,. The notes on pag¢5 1110 13 forn) part ofthe5e Ilnan¢Sal statements 10
The Rotary Club of Lurgan Charitable Trust Notes to the financlal statements Year ended 30 June 2024 l. Summary of slgnlficant auountln8 pollcles The prln¢ipal accountin8 policies adopted, judgements and key sources of estlmation uncertainty in the preparatlon of the financlal statements are as follow5: a) General Informatlon and basls of preparatlon The Rotary Club of Lurgan Charitable Trust Is a charlty and it registeredwithTheCharityCommlssion forNorthern Ireland th on 16 February2022. The addre55 of the registered office is given In the charity Information on page l of these flnancial statements. The nature of the charity's operations and principal activities are the provision of funds for other charitable and community organisations leading to the alleviation of financial hardship and the Improvement of conditions and well- bein8 and famlly life of children, teenagers and adults In the Arma8h Banbridge & Craigavon Council area which In turn promotes the development, education and experiences of young pÈople. The Rotary Club of Lurgan Charltable Trust, a charitable trust Is constltuted under a trust deed dated 25 June 2018. The Rotary Club of Lurgan Charitable Trust constitutes a public beneflt entity as defined by FRS 102. The charlty's trustees are responsible for the preparatlon of the accounts In accordance with the Charitles Act (Northern Irelandl 2008. ment of Com The financlal statements have been prepared In accordance wlth applicable accountin8 Standards, Accountlng and Reportln8 by Charltles.. Statement of Recommended Practice applicable to charitle5 preparing their accounts in accordance with the Financlal Reporting Standard applicable In the UK and Republlc of Ireland Issued in October 2019, the Financlal Reporting Standard applicable in the United Kln8dorn and Republic of Ireland {FRS 1021, the Charitles Att (Northern Ireland) 2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Re8ulatlons (Northern Ireland) 2015 and UK Generally Accepted Accountin8 Practlce. The flnancial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at falr value. The flnancial statements are presented in sterllng which Is the functional currency of the charity and rounded tothe nearest £1. The Charlties Act (Northern Ireland} 2008 permlts a charlty to prepare a receipts and payments account and a statement of assets and liabllltles where gross Income in the flnancial year does not exceed £250,IX)O, therefore a Receipts and Payments account and a Statement ofAssets and Llabilities has been prepared for the year ended 30 June 2024. The sl8nlflcant accountlng pollcles applled in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwlse Stated. b) Funds Funds are classified a5 elther festricted funds or unrestricted funds, defined a5 follows. Unrestricted funds are expendable at the dlscretlon of the trustees in furtheran of the objects of the charity which have not been desi8natedforother purposes. Oesignated funds comprise unrestrlcted funds that have been set aside by the trustees for partlcular purposes. Thls deslgnatlon has an administratlve purpose only and does not legally restrict the trustees, discretion to apply the fund.
The Rotary aub of Lur8an Charitable Trust Notes to the financlal statement5 l¢ontlnued) Year ended 30 June 2024 l. Summary of slgnlflcant accountlng poll¢les {contlnued) bl Funds (¢ontlnuedJ Re5trlcted funds are funds which are to be used in accordance with specific restrlctions imposed by donors or which have been raised by the charity for particular purposes. The costs of ralslng and admlni5terin8 such funds are charged against the specific fund. Restricted funds may only be transferred to unrestricted funds once the criterla for restrlction has been discharged or no longer applles. c) Income All Incoffle, includlng grants and investment income Is recorded when recelved. Glft aid reclalmable on donation5 15 recorded in income once recelved. d) Expendlture All expendlture is recorded when pald. No expenses were paid to any of the trustees durlng the year. 01 Cash and cash equlvalents Cash and cash equivalents Includes cash in hand, cash at bank and other short-term hlghly liquid Investments wSth 0ri8inal maturities of three months or less. Tax As a charity, it beneflts from various exemptlons afforded by tax le8islatlon. It Is therefore no¢ liable to corporation tax on income or gains falling due within those exemption5. Recovery is made of tax deducted from recelpt5 under 8ift ald. The charity is not re8lStered for VAT purposes; therefore expenditure is shown gross of VAT. g) Crltlcal ac¢ountln8 ludgemenls and estlmatlon uncertalntv Estlmate5 and judgments made Sn the process of preparln8 the financlal statements are continually evaluated and are based on hlstorical experlence and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not conslder that there are any crltieal judgments made in applying the charitls actountin8 policies or that there are any critical accounting estimates or assumptions which may have a slgnificant rlsk of causin8 a materlal adjustment to carrying amounts of assets and liabilities withln the next financial year. 12
The Rotary Club of Lur8an Charitable Trust Note5 to the financlal ststements {continued> Year ended 30 June 2024 2. Charltable a¢¢lvitles Unrestrl¢ted Funds Re5trlcted Funds Total 2024 Total 2023 Grant recelved 514 514 514 514 Income from charitable activltles was £514 (2023: £Nill of which, £NII {2023', £Nill was attributable to restricted and £514 12023-, £Nill was attrlbutable to unrestricted. 3. Cost of Charltable actlvltles Unrestrlcted Funds Restrlcled Funds Total 2024 Total 2023 Salvation Army St Vlncent de Paul Crai8avon Area Foodbank Shankill Parish Carln8 A550clation Aware Defeat Depresslon Ceara School Knltted Knockers UK Lurgan College Sundry 3,495 2,500 2,000 2,000 800 400 1,476 1,476 275 150 100 210 3,876 7,530 Cost of charitable activities was £3,87612023.' £7,530} of which £Nil (2023.. £Nil} was attrlbutable to restricted and £3,876 12023.. £7,530) was attributable to unre5trlcted. 3,876 4. Governance costs Total 2014 2023 Trustee remuneration Trustee expenses Legal and professional fees Bank interest and charges 34 34 34 34 13