Charity registration number NIC 103439
Company registration number NI059264 (Northern Ireland)
DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
HM Winter
TL McNeill
TR Geary
GD Winter
Secretary
GD Winter
Charity number
NIC 103439
Company number
NI059264
Registered office
9 Derryloughan Road
The Diamond
Loughgall
Co Armagh
BT61 8PH
Independent examiner
GMcG PORTADOWN
17 Mandeville Street
Portadown
Craigavon
Co Armagh
BT62 3PB
Bankers
AIB (NI)
4-8 Market Street
Lurgan
Craigavon
Co Armagh
BT66 6AQ
DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3 - 4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 13
DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MAY 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 May 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The principal activity of the charitable company is to promote the benefit of the inhabitants of the Diamond District and its environs without distinction of sex, race or political, religious or other opinions, by associating together the said inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.

The trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding what activities the charitable company should undertake.

 

The benefit of the charitable company is recorded by the Charity Commission for Northern Ireland as:

 

The organisation combats poverty which has the direct benefit of alleviating poverty, improving health and wellbeing which has the direct benefit of providing improved health and wellbeing, advancing education which has the direct benefit of improving knowledge and skills, and developing the community with the direct benefit of empowering the community to engage more fully in activities and wider society. The direct benefits are evidenced by feedback from participants and health professionals and by evaluation of our activities. There is no harm flowing from the purposes. The beneficiaries are the inhabitants of the Diamond area of County Armagh. Any private benefit is incidental and would only arise from people gaining skills which may be transferable.

Achievements and performance

During the year to 31 May 2024 the charitable company continued to operate a museum, receiving donations and selling merchandise to visitors. Over 2,500 visitors were welcomed in the year.

 

The charitable company also received grant funding of £4,580 from the Department for Communities and £625 from the Diamond Community Development Association towards running costs.

Financial review

The charitable company's financial results are set out in detail on pages 5 - 14.

 

There is an overall deficit of funds for the year of £5,337 (2023 - £9,408). Accumulated funds consist of unrestricted funds of £26,893 (2023 - £27,022) and restricted funds of £96,285 (2023 - £101,493).

 

Reserves

The trustees aim to retain sufficient unrestricted reserves to meet ongoing running and maintenance costs of the museum.

 

Risk management

The directors have considered the major risks which the company faces and are satisfied that, with continued monitoring, they have adequately mitigated significant risks as far as possible.

 

Going concern

The directors have reviewed the position of the charity and are of the opinion that the charity will continue in its activities and the accounts should be prepared on a going concern basis.

DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
Structure, governance and management

The charitable company is a company limited by guarantee, governed by its Memorandum and Articles of Association dated 19 April 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

HM Winter
TL McNeill
TR Geary
GD Winter

Under the requirement of the Memorandum and Articles of Association, directors shall hold office until the next Annual General Meeting and shall then be eligible for re-election.

 

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

 

The day to day running of the charitable company is overseen by the trustees.

In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

 

Registered Office:

9 Derryloughan Road

The Diamond

Loughgall

Co Armagh

BT61 8PH

 

Charity registration number NIC 103439                             Company registration number NI059264 (Northern Ireland)

                    

The trustees' report was approved by the Board of Trustees.

TL McNeill
Trustee
20 February 2025
DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DAN WINTER'S
- 3 -

I report to the trustees on my examination of the financial statements of Dan Winter's (the charitable company) for the year ended 31 May 2024.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

It is my responsibility to:-

Basis of independent examiner's report

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF DAN WINTER'S
- 4 -

Independent examiners statement

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Gillian Johnston ACA
GMcG PORTADOWN
17 Mandeville Street
Portadown
Craigavon
Co Armagh
BT62 3PB
Dated: 21 February 2025
DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
13,409
5,205
18,614
11,057
1,375
12,432
Other trading activities
3
1,345
-
1,345
924
-
924
Investments
4
-
-
-
14
-
14
Total income
14,754
5,205
19,959
11,995
1,375
13,370
Expenditure on:
Raising funds
5
304
-
304
939
-
939
Charitable activities
6
14,579
10,413
24,992
7,845
13,994
21,839
Total expenditure
14,883
10,413
25,296
8,784
13,994
22,778
Net expenditure
(129)
(5,208)
(5,337)
3,211
(12,619)
(9,408)
Transfers between funds
-
-
-
641
(641)
-
Net movement in funds
(129)
(5,208)
(5,337)
3,852
(13,260)
(9,408)
Reconciliation of funds:
Fund balances at 1 June 2023
27,022
101,493
128,515
23,170
114,753
137,923
Fund balances at 31 May 2024
26,893
96,285
123,178
27,022
101,493
128,515

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31 MAY 2024
31 May 2024
- 6 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
118,541
130,050
Current assets
Stocks
11
300
100
Debtors
12
2,947
12,660
Cash at bank and in hand
7,456
1,335
10,703
14,095
Creditors: amounts falling due within one year
13
(6,066)
(15,630)
Net current assets/(liabilities)
4,637
(1,535)
Total assets less current liabilities
123,178
128,515
Income funds
Restricted funds
96,285
101,493
Unrestricted funds
26,893
27,022
123,178
128,515

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2024.

The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 20 February 2025
TL McNeill
Trustee
Company registration number NI059264
DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 7 -
1
Accounting policies
Charity information

Dan Winter's is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 9 Derryloughan Road, The Diamond, Loughgall, Co Armagh, BT61 8PH.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charitable company's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.

 

The charitable company has taken advantage of the provisions in the SORP not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company.
1.4
Income
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies (Continued)
- 8 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity.

 

(i) Charitable activities

 

This comprises all the resources applied by the charitable company in undertaking its work to meet its charitable objectives.

 

(ii) Governance costs

 

Governance costs include the costs of governance arrangements which relate to the general running of the charitable company.

 

Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources.

 

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to leasehold property
straight line over the period of the lease
Kitchen equipment
straight line over 10 years
Other equipment
straight line over 10 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies (Continued)
- 9 -
1.10
Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 10 -
2
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
13,409
-
13,409
11,057
-
11,057
Grant funding
-
5,205
5,205
-
1,375
1,375
13,409
5,205
18,614
11,057
1,375
12,432
3
Other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Merchandise income
495
624

Utility recharges

850
300
1,345
924
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
-
14
5

Raising funds

Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Merchandise expenses
304
939
304
939
DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 11 -
6
Charitable activities
2024
2023
£
£
Depreciation
11,509
11,509

Rent

200
200

Insurance

2,680
2,536

Light and heat

1,915
1,129

Repairs and maintenance

-
2,400

General expenses

45
-

Events

-
1,325

Catering

4,538
-

Casual labour

760
-
21,647
19,099
Share of support costs (see note 7)
2,715
1,510
Share of governance costs (see note 7)
630
1,230
24,992
21,839
Analysis by fund
Unrestricted funds
14,579
7,845
Restricted funds
10,413
13,994
24,992
21,839
7
Support costs allocated to activities
2024
2023
£
£
Insurance
893
845
Light and heat
639
376
Telephone
999
206
General expenses
47
-
Bank fees
137
83
Governance costs
630
1,230
3,345
2,740
Analysed between:
Charitable activities
3,345
2,740
8
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.
DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
8
Trustees (Continued)
- 12 -

Mrs H Winter, a trustee, provided a loan to the charitable company. The balance remaining to Mrs H Winter was £4,500 at the year end (2023 - £15,000). No interest is charged on the loan.

 

Mr G Winter, also a trustee, received £200 as a payment for rent for the year.

9
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Total
-
0
-
10
Tangible fixed assets
Improvements to leasehold property
Kitchen equipment
Other equipment
Total
£
£
£
£
Cost
At 1 June 2023
262,362
5,809
7,766
275,937
At 31 May 2024
262,362
5,809
7,766
275,937
Depreciation and impairment
At 1 June 2023
138,262
5,168
2,457
145,887
Depreciation charged in the year
10,494
238
777
11,509
At 31 May 2024
148,756
5,406
3,234
157,396
Carrying amount
At 31 May 2024
113,606
403
4,532
118,541
At 31 May 2023
124,100
641
5,309
130,050
11
Stocks
2024
2023
£
£
Goods for resale
300
100
DAN WINTER'S
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 13 -
12
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
2,947
12,660
13
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
4,500
15,000
Accruals and deferred income
1,566
630
6,066
15,630
14
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 May 2024:
Tangible assets
26,836
91,705
118,541
Current assets/(liabilities)
57
4,580
4,637
26,893
96,285
123,178
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 May 2023:
Tangible assets
28,557
101,493
130,050
Current assets/(liabilities)
(1,535)
-
(1,535)
27,022
101,493
128,515

Restricted funds balance is used for specific purposes by reference to the donation, collection or grant received.

15
Related party transactions

During the year, Anna Winter (Mr G Winter's daughter and Mrs H Winter's granddaughter, both trustees) was recharged £850 (2023 - £300) by the charity for the use of electricity in the period from a shared utility line.

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