REGISTERED COMPANY NUMBF.R: N1047243 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC 100049 ort of the Trustees and Unaudited Financial Slalements for the Year Ended 31 December 2022 for Tar lst¢aeh Lld an Limited b Guarantee Acom Lynn, Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE
I'ar Isleach Ltd Contents of the Financial Statements for the Year Ended 31 December 2022 Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report Stalement of Financial Activities 12 Stalement of Financial Position 13 to 14 Notes lo the Financial Statements 15 to 26 Delailcd Statemenl of Financial Activitics 27 to 28
'I'ar Isteach Ltd Reference and Administrative Details for the Year Fnded 31 December 2022 TRUSTEES R Mccallum J O'Hagaii Project Coordinator COMPANY SECRETARY J Doherty REGISTERED OFFICE 244 Antrim Road Belfasl Co. Antrim BT15 2AR REGISTERED COMPANY NUMBER N1047243 (Northern Ireland) IIF,GISTERFD CHARITY NUMBER NIC 100049 INDEPF.NDENT EXAMINER Lynn, Drake & Co Ltd Chartered Accounlants I sl Floor 34 B-D Main Streel Moira Co. Armagh BT67 OLL
Tar Isteach Ltd ort of the Trustees for IhL Year Ended 31 December 2022 Tlie trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the fiiiancial statements of the charity for ihe year ended 31 December 2022. Tlie trustees liave adopted the provisions of Accounting and Reporting by Charities: Stateinent of Recomineiided Practicc applicable to charities preparing tlieir accounts in accordance witli the Financial Reportiiig Staiidard applicable in Ilie UK and Republ ic of Ireland (FRS 102) (effective l January 2019).
I'ar Isteach Ltd ort of the Trustees for the Year Ended 31 December 2022 OBJECTIVES AND ACTIVITIES Objectives and aims The aiins and objectives of Tar Isteach are to atiain equality, iiiclusioii, full cilizeiiship aiid einotioiial wel l-being for Republican Ex-Prisoners and their faini li¢5 in North Belfast througli ilic provision of Advice, Couiiselling, Einotioiial support, Youth Provision, Traiiiing & Education. However, the group is totally inclusive and is part of commuiiity developinent iietwork of North Belfasl working to improve social and economic conditions. No one, no matter what tlieir background is ever turned away. It also carries out research, lobbies. and advocates on equality of rights aiid opportunities. Tlie prilicipal activities are provision of qualiiy services for all ages within communities of iiortli Belfast wli ich are social ly and economically disadvantaged ihrough activities that proinole the public benefit.. Welfare Rigyhts/Benefits Advice Service on all aspects of welfare righis benefils, liousiiig, debl aiid moiiey Inanagyeinenl, healtli and disabil ity, bereavemeiil support and patliways to employmeiit advice. Counselliiig and LinoÉional Support Service. for all aspect of Inciital and eiiiotional licalih aiid wcl l-bcing. Youtli Developmenl Tratniiigi, Education lind Employment Guidance Good relations programmes, proinoting trust, tolerance, and respect for diversity. The services cater for all those in need no maltcr whai iheir cominiinity background. The groups Since its inception is coinmitled to coii)munity developincnt, proinoling peace aiid confliLI transforiiialioii, iiiiproving cross coinmliiiily working rclalioiiships, eqiiality, and social juslice for all. ORGANISATIONAL OBJECTIVES Tlie Groiip is eslabl ished for Ihe advaiiceijieiit of ¢du¢alioii. Ihc reliefofpoverty, Ilie rel ief of unciMI)loyiiiciil and lo proinole the protection aiid preservation of l)ealih ainong ex-prisoners aiid Ilieir fainilies iii Norlli Belfasl and its environs aiid iii particular: To provide couiisel ling, emotioiial support, training and educatioii for ex-prisoners ai)d tlieir faiiii l ies, aiid practical siipport to such faini lies wh ich are in need as resuli of their ecoiiomic or social circumslaiices. l-o organise recreational, ediicational and other leisure-time activities in tlie interests of social welfare lor the ex-prisoners and their families. To provide inforination, training and practical support to charitable ex-prisoiiers, cominuiiity groups iii the area of bciiefit in an effort to increase their effectiveness aiid efficiency. COVID-19 Policy Whilst there are iio Governmental coronavirus (COVID-19) restrictions in place at present we liave incorporated Nl Direct guidelines into ihe Tar Isteach Coronavirus (COVID-19) Policy: How to stay safe and help preveiil Ihe spread of Covid 19 and other resptratory infeclioiis. Whilst Inaintaiii ing safeguards we have returned to providing to face-to-face appoinliiiciits in coiiibiiidlion with phone advice. Wc are conducling meetings both real and virtual. We developed new ways of working to ensure that clienls were not left wiihout support. Covid precautions are upgraded regularly in line with the prevailing advice and restrictions. Our safely procedures, distance and hygiene measures, and screeiiiiigs ensure full Covid coinplianee.
"I'ar Isteach Ltd ort of the Trustees for the Year Ended 31 December 2022 OBJECTIVES AND ACTIVITIES Public benefit Our objectives i'emains before the Covid Crisis. Tlie trustees believe that the orgaiiisation provides a public benefit through its efforts to attaiii equalily. inclusion, full citizenship and einolional well-being for Republicaii Ex-Prisoners and tlieir faniilies. Tlie group is also totally inclustve in promoting coinmunily development and iinproving social ecoiioinic conditions. The Iriistees are fully aware of the guidelines from the Charity Coininission for Northern Ireland to coinply with tlie Charities Act (Nl) 2008. They have coinplied with Iheir duty under section 4(6) of ihe Cl)arities Acl (Northern Ireland) 2008 to have regard to the Cl)arity Comniission for Northern Irelaiid's guidaiice on piiblic benefit and that ihe publ ic benefil requiremeiit has informed the aclivities of the cliaritable compaiiy iii tlie year ending 31 December 2022. FINANCIAL REVIEW Reserves policy The Charity's Policy is lo retain a level of reserves, which matches the needs of the orgaiiisalioii botli at tlie curreiit tiine and in the forcseeable future. The cl)ariiy has developed a plaii to eslablish and maiiitaiii tliis agreed level of reserves. The charity will conliiiue to monitor conipliancc with this pol icy on a regiu lar basis aiid the Board will review the appropriateiiess of ihe policy aiinually.
'rar Isteaeh Ltd ort of the Trustees for the YL¥ar Ended 31 December 2022 FINANCIAL REVIEW The coinpany had iiel incoming resoiirces for ihe year of £17,912 (2021 . iiet iiicoming resoiirces of £52,470), wliich retlected tlie coinpletion of a nuinber of projecls during Ihe year. Uiirestricled fuiids incrcascd by £3,297, while restricted funds also increased by £14,615. Working in partnership with communily, Statutory. business and political representatives we engage and cooperate with advice services, support services, community groups aiid bodies across Norili E3elfast tliat al'e addressing need aiid promoting good community relations, eq ual opportunities and clialleiigiiig discriminatioii. Working wilh local cominuiiiiy groups and statutory bodies a series ol. ev¢nls aiid acliv ilies were run out aimed at promoting good relations and reconciliation. Maiiy thoiisai)ds of people used our services or altend our events each year. Working in partnersli ip willi cominlinity, statutory, biisiness and polilical represenlatives we ciigage and cooperate with advicc services, support services, cominunity groups and bodies aLross Nortli Belfast Ilial are addressing Iieed aiid proiiiotiiig good coniinuiiity relations, equal opportunities aiid clial leiiging discriiii iiiatioii. Workiiig) witli local community groLlPS and statulory bodics a series of eveiils arid activities were ruli oiil aiiiied at proiiiotiiig good relations and reconciliation. 'rar IsteaLh atteinpts to address needs and social exclusion by ils supporl serviccs, by informii)g, by gu idaiicL, and by internal and exleri)al referrals sysiems linked io commuiiity networks and statutoi'y bodies and agcncics. 'rai' Ible<icI) is a inember of several partnerships providing services and organ ising coinniuii iiy activities iii iiorili E3elf(lSt. Tar Isleach relies on beneficiaries and users to support tlie organisalion. Local people volunteer, assist and partic ipale in our events. Local people voliinlecr in our oifices, at our eveiils and aclivilies. Oiir &iroLlP liolds inforination sessions aiid give preseiilalions and inforinalioii on tlic wcifare system ¢iiid wcl fare rcform to tlie local coininuiiity. lundreds of pareiils and ch ildreii altended our coininuiiily events each year aiid volunleer to supervise aiid steward. Oiir sponsor¢d walk brings dozens of people together to support us Our AGM is well attended We provide and distribiile informatioii on all aspecls of benefits, traiiiiiig opportuiiities, einployinent, coiiiisell ing?, and hLalth proniotion. Oiir bLiilding is coiisidered safe: welcoining and comfortable, il services are used by people from all sectioiis of society here, Yoiing people use our premises and facil ities for their aclivities and learniiig. Access to the wcifare system and enlitlements is crucial for people 5triiggling lo niaiiage. Welfare ri&ylits advice is a key clcmcnl in a multi-faceted and inulli-ageijcy respoiise lo poverty, social aiid ecoiioiiiiL deprivation. 'fhe largest proportion of advice is delivered face lo face but we also provide liome visits aiid te leplione advice. Olir service provides the advice and support that ensures individuals aiid faiiiilies secure the bdSIC necessities, by helping Ihein lo access all beiiefits. secure their housiiig iiceds, ¢iisiire represeiilatioii at appeals and delivering nioneyldebt advice. Tar Isteach helps iiidividLials iinprove their quality of life and enables theni lo contribute lo the econoinic infrastruclure wiihiii Iheir cominuiiilies. Maiiy of our clients are of advanced age and lived throughout the conflict. Tlierefore, ageing, disability. health and wel l-being, trauma and transgenerational trauma are a150 descriptors for the iiiipact of coiiflict iii people's lives. Many of those who come to Tar Isteach for assistance fall into these categories.
'rar Isteach Ltd ort of the Trustees for the Year Ended 31 December 2022 FINANCIAL REVIEW In 2022 OLir advice service seen in excess of 2000 people and dealt with more than 8000 queries. Alinost £2 mi Ilion was seLured in benefits and entitlemenls for clients. The majority of ils clients are in poor physical or Imeiilal healtli, disabled, afflicted by Ihe coiiflict, carers, the elderly, people slruggl ing to cope financial ly. As meinbers of Cross cominiinity North Belfast Advice Partnership we have access to specialisl advice via the Belfast City Wide Tribunal Service. The N BA P is playing a lead role iii Inainlaiiiing and updatii)g of Ihe advice services of each of its In¢inbers. By nioderiiising aiid innovating we inlend to ensui'e ilie services offered to the public is accessible. effic lent. etfeclive, aiid relevaiit iii 2022 and beyoiid. Counselling and Emotion#1 Support Serviee Covid-19 has inLreased the pressiire on our Counsell ing service as people of ages eiidure Inassive levels of stress, aiixiety and isolation. Counsel ling and einolional supporl also remains as a vcry iinportaiit eleineiil iii redressing the iinpacl of the conflict and i55ues sucli as Irauiiia. loss. relalioiisliip diificLiliies, malddaptivc behaviours issues that disable and prevent full social and economic participation and iiilegralion. ncrease in demand is being met by phone aiid video. The serviced has maintained its nelwork of refcrriil paihways aiid working partnerships with al I relevant health, staliitory and cominunity support services across norili Belfast and beyond. Promoting Individual & Community Devclopmen¢ Proinotiiigl I)eace & Coiiflict Traiisforinatioii, Improviiig Cross Cominunity Working Relatioi)ships, Advocatiiigy for Equality and Social J ustice for all. We continued to provide Good Relations Probyrainmes, workshops and conferences tliroughout tlie ycar by utilisingy video coiiferencing. People of all ages aiid backgrouiids participated in a series of workshops, conferences, training courscs, and educational coiirses. Our iiidoor and outdoor cross coininiinily <)nd feslival events were put on hold uiitil circumstances will perinil a relurii lo Ihose activities. Iii noriiial circumstance ihese aclivities are made possible due to the support of our sponsors, Ihe local coininunily, our volunteers and our partnerships wilh like-minded organisation such as. Coisle na n-larcliiini, Asliloi) Cominuiiity 'l'rLlSt, the Grealcr New Lodge Coininiinity Einpoweriiienl Partiiersliip. Tar Anal l Traiiiiiig) aiid Einpl()yn)eiit, EPIC, Tra Gra, the Housing Exe¢uliv¢, Ilie Nortli Belfast Llirisliaii l.-ellowsliip and I'iiiie Associates.
'rar Isteach Ltd ort of the Trustees for the Year Ended 31 December 2022 FUTURE PLANS The Tar Ist¢ach strategic Plan is intended to provide tlie organisation with future dircctioii over tlie next 3-year period froni 2022. Our strategic goals will determine the services, programmes and projects we deliver. Our outconie based approacli in our work will provide a basis by wliich we can judge our success in our delivery. Eacli aim is supported by a series of oulcomes which spccifies Ihe changes we wanl to see. the difference wc want to make. It sets OLIt our goals and how we will achieve ihem. These Sirategic Aiins will be achieved throiigl) operational objectives. Overall, our strategy is underpinned by our M issiol) and Values wl)icli drives al I tliat we do. The core areas of our work are defined as: Individual and Family Support Services Cominunity l)evelopment PromotinLy Equality of Rights for All Proinoting Peacc and Reconciliation Organisatioiial Developmcnl Tlierefore tlic strategic aiins ot. Tar Isteach rellcct Iliese areas as lollows: Strategic Aiiii I "ro achieve ihe vison of equaliiy and full citizenship righis for everyone Strategic Aiin 2 To provide liigh qual ity and accessible sUPPOrt services for all Siralegic Aiin 3 To provide opportunities for people of all ages lo engage in personal and social dcvelopincnt activilies aiid to leave a legacy for the community. Strdlegic Aiin 4 To provide opportunilies for people of all ages and backgrounds to participate iii activities that promote g7ood relati0115 and reconcil iation in safe and comfortable shared spaces. Stralegic A iin 5 To be a 'fit for purpose, orgaiiisatioii thal slrives to coiitinually develop and dcliver high quality scrvicc pi-ovision. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documeiit, a deed of irusl, and con5lilules a liinited coinpaiiy. limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees Tlie Ineiliod Lised lo recruit new truslees onto tlie board is that of the board networkiiig ilirough their own contacts, to find someone who fits the necessary requiremenl al the lime.
Tar Isteach Ltd ort of the Trustees for the Year Ended 31 December 2022 STRUCTURE, GOVERNAIYCE AND MANAGEMENT Charitable Status and Registration Tar Isteach was registered with the Charity Coinmission for Northern Ireland on 2nd April 2014. Its Charity nuinber is NIC 100049. Risk management The principles of good governance are einbedded witl)in all aspecls of Tar Isteach's operalions with Inanagemenl and staff being keenly aware of the Boards responsibility of eiisuring tliat the orgaiii5alioii protects itself froin finaiicial exposure and repiitatioiial damage, A close working relationship is maiiitaiiied between ihe Board and management to ensure that operatioiially slaff are aware of tlie staiidards I'equired ot them by the Board and tlie Board are always in a position lo provide guidance and support to manageillenl in the discharge of their duties. 'fiiis two-way relatioiiship is ihe key fealurc of Tar Isteacli goveriiance ari'aiigements and is a key strength in the company. A conscicntious approach to ensuring ihat contraclual project requirements are achieved has beeii iiiaiiitained al all tiines both in the accounting period being reportcd on ai)d since Tar Isteacl) eslablisliineiit. Very liglil fiiiaiicial controls on expendiliire and all financial cominitinents arc Inaintdiiied dt al I times aiid projecl staff have been trained and have become experienccd in budgclary controls. I li boih tlicse areas ie Project de livery and financial controls Inanagement all staff have eslablished close workiiig relatioiiships willi fuiiding orgianisations to ensiire all Inandalory slandards are consisteiitly achieved. Board representatives also actively eiigage with funding bodies. I'lie Bo<ird, maiiageinent aiid staff are fully aware ihal the nature of the work in wliich "far Isteach is involved C¢lli bl'ing witli it a higyli level of scrutiny to ensure Iliat all aclivilies are fully coinpliai)I with fiindiiig requirements aiid, tl)erefore, beyond reproach. The Board of Tar Sslearh is, Iherefore, greatly reassured of tlie coinpany's compliance willi ihe highest of slandards of governance on the basis ihdl all monitoriiig ¢ind evalualion of project del ivery demonstrales acliievement of all fuiiders objectives aiid thal fuiiders, aiidits aiid vouchiiig of financial expenditiire and the independenl exaininers report coiifirin coinpliaiice willi both probity and regularity in ilie use of Inonies received. STATEMF.NT OF TRUS'fF.ES' RESPONSIIIILITIES The Irustees (who are also tlie directors of Tar Isteach Lld for the purposes of company law) are rcspoiisible for prepariiig the Report of the Truslees and the financial staleineiils ii) accordaiice willi applicable law and United Kingdom Accounting Stai)dards (Ui)ited Kingdom Geiierally Accepted Accouiiling Practice) inLluding financial Reporting Standard 102 'Tlie Fiiiancial Reporting Staiidard applicable in tlie UK aiid RLpiiblic of Ireland Coinpany law requires the trustees to prepare financial slatemeiits for each fiiiancial year wliich give a Iriie and fair view of the slate of affairs of the charitable coinpaiiy and of the incoining resources aiid applicatioii of resources, including ihe income and expeiid ilure, of the charitable company for Ihat pcriod. In prepariiig tliose fiiiaiicial statemeiits, the trustees are required to select suitable accounting pol icies and then apply them Coiisislently: observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudeiil. prepare the finaiicial statements on the goiiig concern basis un less il is inappi'opriate lo presume that the charitable cotnpany will continue in bu5ine55.
Yar Isteach Ltd ort of the Trustees for the Year Ended 31 December 2022 STATEMENT OF TRUSTEES, RESPONSIBILITIES- continucd The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any timc the financial position of the cliaritable coiiipany and to enable ihem to ensure that the finaiicial statemeiits comply with tlie Companies Act 2006. They are also responsible for safeguardiiig the assets of the charitable company and lience for taking reasonable steps for the preveiitioii ai)d deleclioii of fraiid aiid other irregularities. This report has been prepared in accordance wilh ihe special provisions of Part 15 of the Compaiiies Act 2006 relating to small companies. Approved by order of the board of trustees on 21 March 2023 aiid sigpiied on ils belialf by: J Doherty - Secretary
Inde endent Examiner's Re Tar Istedch Ltd I report on Ilie accounts of the company for tlie year ended 31 December 2022, which are set out on pages twelve to twenty six. ort lo the Trustees or Respective responsibilities of charity irustees and examiner As the charity's trustees (aiid also the directors for the purposes of company law) you are responsible for Ilie preparation of ilie accounts in accordance with the requiremenls of the Companies Act 2006. Having satisfied myseifthat the charity is not subject to audit under coinpany law and is eligible for indepeiidenl examination. it is my responsibi lity to: exainine the accouiits under section 65 of ihe Cliarities Acl follow the procedures laid down in the general Directions given by the Cliarity Coinmission for Noriherii Ireland linder Sectioii 65(9)(b) of the Charities Act stale whether particular Inatters have come lo my attention. Basis of the independent examiner's report I havc examined your charity accounls as required under seclion 65 of the Cliarilies Act and iiiy exain iiialioii was carried out in accordance with ihe general Directions given by the Charity Conimissioii for Norlli¢rn IrLland iiiider section 65(9)(b) of the Charities Act. The ex¢iinii)ation included a review of the accoiintiiig records kept by the charity and a coinparison of tlie accoiinls presenled with tliose records. 11 also iiicluded coiisideralioii of aiiy unusual items or disclosures in ihc accounts, aiid seeking cxplaiiations from you as cliarily Irustees concerniiig any such Inalters. My role is to state whether any material Inatters have come to Iny attention givii)g me cause to believe.. l. That accoiiiiting records were not kept in accordance with section 386 of tlie Coinpanies Act 2006 2. 1.hat the accouiits do nol accoi'd willi those accouiilinLy records 3. 1.hal tlie ¢lCCOUllts do Iiol comply wilh ilie accouiitiiig reqiiireinenls of section 396 of ilie Coinpanies ALt 2006 aiid willi the metliods aiid principles of ihe Cl)arilies Staleimeiil of Recoinmeiidcd l)ractice applicable lo charities preparing their accounls in accordance with the Financial Reponiiigy Staiidard appliLable in the UK and Republic of Ireland 4. T'hat there is further informalion needed for a proper underslanding of ihe accouiils lo be reached, Indcpcndent examiner's statement Wc cai) conl iri)i ihat Nve arc qiiali ficd to undertake the exaiiiiiialioi) because we are registered Ineiiibei's of Cliarlcred Accoiiiitants Ireland which is one of tlie lisled bodies. have compleled my exainination and have no conceriis in respect oftlie Inatter5 (1) to (4) listed above and, in coiineclion witli following the Directions of the Charity Coinmi5sion for Northern Irelaiid, I have fouiid iio Inatter5 tliat rcquire drawing to your attention. Bil rake FCA Ire Lynn, Drake & Co Ltd Chartered Accoiintants st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE 10
Inile endent Examiner's Re Tar Isteach Ltd 21 March 2023 ort to the Trustees of
'I'ar Isteach Ltd Statement of Financial Activities Incor oratin an Inconie and Ex enditure Accounl for the Year Ended 31 December 2022 31.12.22 Total funds 31.12.?1 "I"otal fuiids Unrestricted Restricted fuiids funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 4,094 4,094 23,418 Charitable activities Gi'ant5 Receivable 251,932 251,932 177,658 Other trading activities 4,612 4,612 3,061 Total 8,706 251,932 260.638 204,137 EXPFNDITURF. ON Charilablc. activilies Direct Charitable expenses Goveriiance Costs 3.062 2,347 237,317 240,379 2,347 149,346 2,321 Total 5,409 237,317 242,726 151.667 NET INCOMF. 3.297 14,615 17,912 52,470 RF.CONCILIATION OF FUNDS Tolal fuiids brouglil forward 52,450 81,740 134,190 81,720 TOTAL FUNDS CARRIED FORWARI) 55,747 96,355 152,102 134,190 The notes form part of these finaiicial statements 12
Tar Isleach Ltd Statement of Financial Position 31 DeLcmber 2022 31.12.22 31.12.21 Notes FIXED ASSETS Taiigible assets 1,470 1.960 CURRENT ASSETS Debtors Cash ai bank 7,709 145,359 41,082 97,319 153,068 138,401 CREDITORS Amouiits falling due within one year 10 {2,436) (6,171) NF.T CURRFNT ASSETS 150,632 132,230 TOTAL ASSETS LESS CURRENT LIABILITIES 152,102 134,190 NET ASSETS 152,102 134,190 FUNDS U nrestricted fiinds Restricted funds 12 55,747 96,355 52,450 81,740 TOTAL FUNDS 152,102 134,190 The charitable company is entitled to exeinption from audil under Seclion 477 of the Coinpanies Act 2006 for the year ended 31 Deceinber 2022. Thc nieinber8 liave not required the company lo obtain an aud il of its financ ial slateiiients for Ihe year elided 31 Deceinber 2022 in accordance wilh Sectioii 476 of ihe Compaiiies Aci 2006. The trustees acknowledge their responsibil ities for (a) ensuring tliat the charitable company keeps accounting records that coinply witli Sectioiis 3 86 aiid 3 87 of the Coinpanies Act 2006 and (b) preparing financial slaleinents wliich give a true and fair view of the state of affairs of the Lliai'ilablc coinpany as at the end of each finaiicial year aiid of its surplus or deficii for each finaiicial year in accoi'daiice with the requireinents of. Sections 394 and 395 and whicli othcrwise coinply witli the requirements of tlie Coinpai)ies Act 2006 relaling to finaiicial stateinents, so far as applicable to the cliarilable company. The notes form part of these financial stalements 13 conliniied...
'rar Isteach Ltd Statement of Financial PositlOD - contlDued 31 Decernber 2022 These financial statements have been prepared in accordance with ihe provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 21 March 2023 and were signed oli its behalf by- R Mccalluin - Trustee J O'Flagan - Trustee The notes forin part of these financial statements 14
Tar Isleach Ltd Nolts to the Financial Statements for the Year Ended 31 December 2022 ACCOUNTING POLICIES Basis of preparing the financial slateniellts (a} General information and basis of preparation Tar Isteach is constiluted as a company limited by guarantee incorporated in Northern Irelaiid (N1047243). In the event of the charity being would up, the liability in respect of the guarantee is liinited lo £1 per member of the charity. The chariiy conslitutes a public benefit entity as defined by FRS 102. The finai)cial stateinents have been prep<ired in accordaiice witli Accoui)tiTJg and Reporting by Cliarities- Staleinenl ot" Recoinmended PraLtice appliLable lo charities preparing Ihcir account5 iii accordance with tlie Fiiiiincial Reporting Staiidard applicable in the UK and Republic of Irelaiid (FRS 102), tlie Financia I Reporting Standard applicable in the Uniled Kingdoin and Republic of Ireland (FRS 102), tlie Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Geiierally Accepted Practice as it applies from l January 2015. 'rhe fiiiaiicial slaleinents are prepared on a going concern basis uiider ihe h islorical cost coiiveiitioii, Inodificd lo include cerlaiii items at fair value. The financial slaleineiits are presented in sterliii which is the functional currency of the charity. 'I'he signi ficant accoiinling policies appl led in tlie prcparation of ihese fiiiancial slateinciits arc sct OLII below. Tliese policies have been coiisistcnily applied io all years present¢d uiiless oihcrwise stalcd. (b) Funds Uiirestricted funds are available for use at the discretion of ihe trustees in furtlierance of Ilie general objeclives of tlie cliarity and which have not been designaled for other purposes. Desiginated funds comprise unrestricled funds ihat have been set aside by thc trustees for i)arliciilar purposes. "I'lie aim aiid use of each designaled fund are set out iii ihe iioles to the finaiicial slateinenls. Restricted funds are funds wliich are lo Ix used in accordance wilh specific reslriclioiis iinposed by donors or which have been raised by the charity for particular purposcs. Tli¢ Cost of raising aiid administering such fund5 are charged against ihe specific fund. 'I'lie aini ai)d iise of eacli reslricted fuiid are set out in the notes to the financial stalcincnts. Further explanation of the nature and purpose of each fuiid is included iii the iiote8 to ihe financial stateinents. (c) Income recognilion A I l incoming resources are incliided in the Siatement of Finaiicial Activities {SoFA) when ihe charity is legally entitled to the inconie after aiiy perforinance conditions have beeii Inel, the ainouiit cali be measured reliably, and it is probable that the incoine will be received. continiied...
'rar Isteach Ltd Notes to the Finaneial Statements - Continued for the Year Ended 31 December 2022 ACCOUNTING POLICIES - continued Basis of preparing the financial statements For donations to be recognised ilie charity will have beeii nolified of the ainounts and the seltleinent dale in writing. If there are conditions attached to the donation aiid tliis requires a level of performance before entitlement can be obiained, then income is deferred until tliose conditions are fully met or the fulfilmenl of those conditions is within the conlrol of the charity aiid it is probable thal tliey will be fulfilled. Voluntary incoine is received by way of granls, doiiations and &yifts aiid is included in full in the Siatemenl of Financial Aclivities (SOFA) wlien receivable. Incoine received from colleclions is recognised wlien received. Donated faci lities and donaled professional services are recognised in income at tlieir fair valu¢ whLIi their economic benefit is probable, it can be Me{Ured reliably, and ilie charity has conlrol over tlie item. Fair value is determiiicd oil the basis of the valiie of the gift to ilie cliarily. For exaniple, tlie amouiit the eharily would be willing io pay in ihe open Inarket for sucli facilities and services. A correspoiiding ainouiit is recognised iii expeiidilure. No amount is iiicluded in the financial slatemenls for volunteer liine iii l ii)e wilh the SORP (fRS 102). Furtlier delail is given in the Trustees, Aiinual Report. Foi. Icgacies, elilitleinent is tlie earlier of tlie Charity being nolified of an iinpcndiiig dislributioii or tlie leLFacy beiiig received. Al Iliis poiiil incolne is recogiiised. On occasion legacies wi I I be noli I led to ilie cliarity however il is not possiblc to ineasure tlie ainounl cxpccted tLI bc disti'ibul¢d, Oli tIiLsL occasions, Ihc legacy is treated as a conliiigcnt asset aiid disc losed. Incoine froin trading activities includes incoine earncd from fundraising events and trading activities to raise fuiids for the charity. Incoine is received in cxclialige for supplyiiig goods and sei'viLes in order to raise fiiiids aiid is recognised when entitleineni lias occurrcd. The charity receives government graiits which are detailed wiihin the notes to these fiiiaiicial statenieiits. Income from governinenl and other granls are recognised at t.air valuL wlien tlie Gl)arily lias entitlement after any performance conditions ljave been Inel, it is probable tliat tlie incoine will be received, and the amount can be measured rel iably. If enliileineiil is not iiiet, then tliese ainouiits are defei'red. {D) Expcnditiure recognition All expenditure is accoiinled for on an accruals basis iiiclusive of V AT wliicli caiinot be recovercd and lias been classi fied under headings tliat aggregate all costs related to ilie calegory. Lxi)endilLII'C IS recogni5ed ivhere there is a legal or constructive obligiation to make payineiits to tliird parties: il is probable tlial the settleinenl will be required, and the ainount of the obligalion cali be nieasLired reliably. It is calegorised under the following headings: Costs of raising funds includes the costs associaled with attracling voluntary iiicomes. Expenditure on charitable activities includes those costs incurred by tlie cliarily in ilie delivery of ils aclivities and services for its beneficiaries. 11 iiicludes both costs Ilial can be allocated directly io SLich aclivilie5 and those costs of an indirect nature iiecessary to support tlieni. and Otlier expeiiditure represenls those items not falling into the categories above. Irrecoverable VAT is charged as ali expense againsl the activity for wliicli expenditure arose. 16 continued...
Tar Isteach Ltd Notes to the Financial Statements - conlinued for the Year Ended 31 December 2022 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Gi'aiits payable lo third pai'ties are wiihin Ilie charitable objectives. Where unconditional grants are offered, this is accrued as sooii as the recipieiil is nolified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where granls are conditioiial rel¢iliiig to pei'formance then tlie grant is only accrued when any unfulfilled coiiditions are outside of tlie control of the charity. {e) Support costs allocation Support costs are ihose thal assist Ihe work of Ihe charity but do not directly represent Lliaritable activilies and include olCe cosls, governance costs, administrative payroll costs. They are incurred directly in siipport of expenditure on the objects of tlie cliarity aiid include project Inanageinenl carried OLII al Fleadquarters. Where support costs caiinot be diiecily atlribuled lo parlicular lieadii)gs they have been allocated to cost of raising funds and expenditur¢ oli cliaritable activities oii a basis consistent with usc of the resources. Preinises overheads liave beeii allocated oli an iiiscrl delail ba4is and other overheads have been allocated on a basis consistenl wilh the use ofresources. Fund-raising costs are those incurred in seeking voluntary coiilributioiis aiid do not iiiclude tlie cosls of dissemiiiating int"ormation in support of the charitable activities, {D Tangible fixed assets Tangible fixed assets are staled at cosl Icss accuinulated dcprecialioi) aiid accuiniilated iinpairinenl losses. Cost includes costs directly attributable to Inaking the assel Capable of operaling as iiitended. Depreciation is provided on all taiigible fi,xed assets, al rates calculaled to write off the cosl, less estiinaled residual value. of eacli assel on a systemalic basis over its CXPLclcd uscful li fe as lollows.. Fixur¢s & Fitlings - 200/0 Reducing Balance (g) Debtors and creditors receivable I payable wilhin one year Debtors and creditors with no stated interest rate and receivable or payable wiil)in one year are reLorded at transaLtion price. Any losses arising Iroin inipairmenl are recogiiiised in cxpeiid ilure, (h) Impairment Assets not measiired at fair valuc are reviewcd for any iiidiLation thal Ilie asset Inay be iinpaired at eacli balaiice slieet date. I f such indication exists, the recoverable ainoiint of Ihe asset, or tlie asset's cash generating unil, is estimated and coinpared io tlie carryiiig amouiit. Wliere the Cdrryii)g ainouiil excceds its recoverable aiiiount. an iinpairineiit loss is recogiiised in profit or loss iinless Ihe asset is carried al a revalued amount where the impairmeiit loss is a revalualion decrease. (i) Pr(Jvisions Provisions are rccognised when the charity has an obligation at the balance sheet date as a result of a past evcnt, it is probable that an outflow of econoinic beiiefits wil I be reqiiired iii settleiiieiil and tlie amount can be reliably cstiinated. contiiiued...
'Tar Isteach Ltd Notes to the Financial Statements - eontinued for the Year Endecl 31 December 2022 ACCOUNTING POLICIES - continued Basis of preparing the financial statements (i) Leases Assets acquired under finaiice leases are capitalised and depreciated over the shorter of the ledse lei'in and Ilie expected useful life of the asset. Minimum lease payinents are apportioned belweeii Ilie finance charge and the reduction of the oiitslandiiig lease liability usiiig tlie effeclive inleresl Inetliod. The related obligations, net of future finance charges, are included iii credilors. Renlals payable and receivable under oper¢lting leases are charged io ihe SOFA on a slraight l iiie bas is over the period of the lease. (k) Tax No provision 15 required for taxation as the company is defined as a cliarit), for taxation piirposes. Tlie ch¢irity is a regislered cliarity aiid so sucli is eiiliiled lo cerlain tax exeinplions 01) iiiconie aiid profits Irom inveslmenls and surpluses on any tradiiig aclivilies carried oli iii flirtlieraiice of ihL' harity's primary objectives, if these profils and surpluses are applied solely for ¢l)aritable piirposes. (l) Going concern Tlie fiiiancial staleinents have been prepared OTI a going coiiceri) basi5 as the trlislees bel icve Ilial iio Inatcrial uncertaintics exisl. 1.he trustc¢s havc considercd tlie IL'vcl of tunds lield and tlie expected level of incoine and L'xpendilure for 12 monihs froin aulhorising tliese finaiicial staleinenls. Tlie budgyeted income aiid expenditure are sufficient wilh ihe level of reserves for the charily to be able lo conlinue as a going concern. (m) ,ludgements estimales The following judgeinents includiiig Ihose involving estiniates that have been Inade in tlie proLess or applying the above accouiiling policie5 Ihat liave had ili¢ Inost significant effecl on the ainounls recogi)ised in ilie financial slatements and ihai have a significant risk of causing a Inaterial adjustinenl lo the carrying amounts of assets and liabilities within the next finaiicial year.. (i) depreciation meihod and asset useful lives The eslimates and assumptions are reviewed on an ongoing basis considering the currenl aiid liilui'e market coiiditions. Taxation The charity is a registered charity and so siich is enlilled to certaiii tax Cxeinptioiis on incoine aiid profit5 from investments and surpluses on any trading activities carried on iii furtlieraiice of ilie charity's primary objectives, if these profits and surpliises are applied solely for charilable purposes. Fund accounting Tlie company has various types of fuiids for which it is I'esponsible, and which requirc separate disclosure. A definition of the various types of funds is as follows.. (i) Restricted t.unds Flind5 received which are earmarked by the doiior for specific purposes. Such purposes are witliin the overall aims of the company. contiiiued...
Tar Isteach Lld Note5 to the Financial Statements - Continued for the Year Ended 31 Decetnber 2022 ACCOUNTING POLICIES- conrtinued Fund accounting (li) Uiirestricted fiinds Funds which are expendable al the discretion of the direclors which have been designated lor specific purposes in furtherance of the objecls of ihe charity. DONATIONS AND LEGACIES 31.12.22 31 12.21 Donalions Fund Raising Events 1,294 2,800 6,958 16,460 4,094 ?3,418 OTHER TRADING ACTIVITIES 31.12.22 31.12.21 Unisoii Give As Yoii Live Ainazon SmilL's 4,550 50 12 3,000 37 24 4,612 3,061 INCOME FROM CHARITABLE ACTIVITIES 31.12.22 31.12.21 Activity Graiits Receivable Grants 251,932 177,658 Grants received, included in the above, are as follows: 31.12.22 31.12.21 Belfast City Council - Revenue Newingylon Flousing Northern Irelaiid 14ousing Executive Asliton Peace IV Viiie - Nortli Belfa.%t Area Partiiership Belfasl City Council - Comnlunity Copius Consiilting Covid Co Op Ireland TEO Coinmunities in I ransilion TEO Central Good Relations 24,611 6,300 12.000 13,488 3,000 12,000 5,089 23,683 1,350 800 3,901 87,313 27,034 29,083 133,186 46,752 251,932 177,658 19 continued.
'rar Isteach Ltd Notes to the Finfincial Statemenls - continued for the Year Ended 31 December 2022 NET INCOME/{EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 31.12.22 31 12.21 Accountancy fees Depreciation - owned assets 1,847 490 1,821 490 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneralion or other benefils for the year elided 31 De¢einber 2022 iior for the year ended 31 December 2021. Trustecs, expenses There were no trustees, expeiises paid for the year ended 31 December 2022 nor for ihe year elided 31 Deceinber 2021. STAFF COSTS 31.12.22 31 12.21 Wag)cs and salaries Social seciirily Costs 149,832 10,336 96,907 4,563 160,168 101,470 The average monthly number of employees during the year was as follows: 31.12.22 31.12.21 Manageinent & Adniinistration No employees received emoluinents ill CXCCSs of £60,000. 20 coiitinued...
'rar Isteach Ltd Notes to the Financial Statements - continued for the Year F.nded 31 December 2022 TANGIBLE FIXED ASSETS rixlurcs and rittings COST At l Jaiiuary 2022 aiid 31 December 2022 46,663 DEPRECIATION Al l January 2022 Cliarge for year 44,703 490 At 31 Deceinber 2022 45,193 NET BOOK VALUE At 31 Deceinber 2022 1,470 At 31 Deceinber 2021 1,960 DEBTORS: AMOUNTS FALLING DUF WITHIN ONF. YEAR 31.12.22 31 12.21 TEO Cominunities in Transition Bclt:dSt City Council - Revenue OFMDfM- TEO 7,709 4,496 26.499 7,200 2,202 454 231 Clii'i8tmas & Summer Appeal Siiiidry Debtors 7,709 41,082 contiiiued.-.
'rar Isteach Ltd Notes to the Financial Statements continued for the Year Eniled 31 December 2022 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 31.12.21 Accruals 2,436 6,171 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.12.22 'rolal fuiids 31.12.21 Total fiinds Uiirestri¢ted Restricled funds ruiids Fixed assets Current assets Curreiil l iabi lities 1,470 94,885 1,470 153,068 (2,436) 1,960 138,401 (6,171) 58,183 (2,436) 55,747 96,355 152,102 134.190 12. MOVEMENT IN FUNDS Net Inoveiiient in luiids Ai 111122 31112122 Unrestricled funds Gciieral f Lind 52,450 3,297 55,747 Restricted funds OFMDFM - "I'EO Capital Grant Ashton Building Positive Bel f41St Cily CoLincil - Revenue Newingion 14ousing Northern Ireland Housing Executive Asliton Peac¢ IV Vinc- Noi'th Belfast Area Partnership TF,0 Communilies in Transilion Beltast Cily Council Coiniiiunity Copius Consulting Covid Co Op Ireland "rEO Central Good Relations 1,960 1,920 (490) 1,470 1,920 7,216 4,811 20,306 16,834 16,014 22,798 7,216 4,811 4,996 36 3.073 4,547 (1,350) (800) (182) (7,242) 15,310 16,798 12,941 18,251 1,350 800 182 12,228 4,986 81,740 14,615 96,355 TOTAL FUNDS 134,190 17,912 152,102 22 ontiniied...
'rar Isteach Ltd Notes to the Financial Statements conlinued for the Year Ended 31 December 2022 12. MOVEMENT IIY FUNDS- continued Net movement in funds, included in the above are as follows: Incoming resources Resources expeiided Moveinent in fuiids Unrestricted funds General fund 8,706 (5,409) 3,297 Restricted funds orMDfM - 'I"EO Capital Grant Belfast City Council - Revenue Newingyton Housing Northerii Irelaiid Housing Executive Ashton Peace IV Vine- Norih Belfast Area Partnership TEO Coinmunilies in Transilion Belfasi City Council Cominunity Copiiis Consulting Covid Co Op Ireland TEO Central Good Relations (490) {17,395) (1,489) (7,004) 36 (26.010) (128,639) (1.350) (800) (182) {53,994) (490) 7,216 4,811 4,996 36 3,073 4,547 (1,350) (800) (182) (7,242) 24,611 6.300 12,000 29.083 133,186 46,752 251,932 (237,317) 14,615 TI)TAL FUNDS 260.638 (242,726) 17,912 23 oiitiniied...
Tar Isteach Ltd Notes to the Financial Statements - continued for the Year Ended 31 December 2022 12. MOVEMENT IN FUNDS- continued Comparatives for movemenl in funds Net movement in funds At 31112121 At 111121 Unrestricted funds Geiieral fuiid 29,663 22,787 52,450 Restricted funds orMDFM - TEO Capital Grant Ashton Biii Iding Positive Beif<isI City Council - Revenue OI",MDFM- TEO Nortliei'ii Ireland Housing Executive Asliton Peace IV Vine- Norlli Belfast Area Partnership TF.0 Cominunities tn Transition Belfast Ciiy Council Community Copiiis Coiisiiliiiig Covid Co Op Ireland TLO Central Good Relations 2,450 (490) 1 ,920 (3,292) (16,526) 10.501 1,602 3,157 18,251 1,350 800 182 12.228 1,960 1,920 3,292 16,526 4,809 15,196 9,784 15,310 16,798 12,941 18,251 1.350 800 182 12,228 52.057 29,683 81,740 TOTAL FUNDS 81,720 52,470 134,190 24 contiiiiied...
rar Isteach Ltd Notes to the Financial Statements - conlinued for Ihe Year Ended 31 December 2022 12. MOVEMENT IN FUNDS - continued Comparative net movement in funds. included in the above are as follows: Incoming resources Resources expeiided Movement in funds Unrestricted funds General fund 26,479 (3,692) 22,787 Restricted funds OFMDFM - I"EO Capital Grant Ashton Biiilding Posilive Belfast City Council - Revenue 01.'MI)FM - TEO NewiiiLJton Housing Nortl)ern Ireland Housing Executive Ashton Peace IV Vine- North Belfast Area Partnership TEO Coinmuiiities in Transitioii Bclfasl City Council - Cominunity Copiiis Consiiltiiig Covid Co Op Ireland TF.0 Ceiili'al Good Rclalions (490) (490) 1,920 (3,292) (16,526) 1.920 13,488 {16,780} (16,526) (3.000) (1.499) (1,567) (20.526) (69,062) 3.000 12,000 3.169 23,683 87.313 1.350 800 3,901 27,034 10,501 1,602 3,157 18,251 1,350 800 182 12,228 (3,719) (14,806) 177,658 (147,975) 29,683 TOTAL FUNDS 204,137 (151,667) 52,470 13. CONTINGENT LIABILITIES A coiitiiigeiii l iabi lity exists lo repay graiits received should certain conditions iioi be fulfil led by tlie charity 14. RELATED PARTY DISCLOSURES There were no related party transactions for Ihe year ended 31 Deceinber 2022. 25 Continued.
r Isteacb Lt Notes o the Financial tate for the Y r Ended 31 Decem in 22 IS. WINDING UP Every member of the Company undertakes to contribute to the assets of the Company, in the event of the same being wound up while it RS a member, or within one year after it ceases to be a member, for payment of the debts and liabililies of the Company contracted before it ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributorfs among themselves, such amount as may be required not exceeding one pound. 16, SHARE CAPITAL The Company is Limited by Guarantee and has no Share Capitsl 17. COVID-19 The trustees Continue to monitor the impact of Covid 19. The trustees believe there is no adjusting events to rewrt after the reporting date. The trustees will continue to monitor the situation closely to secure the viability of the organisation. 26
Ta Istea hLtd Detailed Statem Ut of Fin for th Y r Ended 31 December 2022 31.12.22 31.12.21 INCOME AND ENDOWMEwrs Donations and legacies Donations Fund Raising Events 1,294 2,800 6,958 16,460 4,094 23,418 Other trading aclivities Unison Give As You Live Amazon Smiles 4,550 50 12 3,000 37 24 4.612 3,061 Charitable activities Grants 251,932 177,658 Total incoming resources 260,638 204,137 EXPENDITURE Charitable activities Gross Salaries Employers NIC Insurance Light and heat Telephone & IT Printing, Postage & Stationery Sundries Training Courses and Workshops Rent and Venue Hire Repairs and Maintenance Affiliation Fees & Conferences Funday and Outings Direct Project Expenses Professional Fees Bank charges Depn of Fixtures & Fittings J49,832 10,336 3,027 6,779 2,061 2,170 13 8,400 12,000 1,520 472 6,427 19,481 16,960 411 490 96,907 4,563 3,262 3,564 2,888 2,975 53 12,000 3,644 758 700 17,140 402 490 240,379 149,346 Support costs This page d(S not forni part of the statutory financial slatements 27
T r Isteach L Detailed Statem Fin iv f r the Year Ended 31 December 2022 31.12.22 31.12.21 Support costs Governance costs Accountsncy fees Independent Examiners Fees 1,847 500 1,821 500 2,347 2,321 Total resources expended 242,726 151,667 Net income 17,912 52,470 This page does not form part of the statutory financial ststements 28