REGISTERED COMPANY NUMBER: N1047243 (Nortlierii li'elrfqn(l) REGISTEIIED CHARITY NUMBER: NIC100049 Ile )ort of tlie Trustees aii(I Uiiiiii(litecl Fiiiuiicial Slatcnienls for tlie Yeai. Ended 31 Deceinbcr 2023 for Tfir Isteiich Lt Lii)iite(I b (Tuii raiilee A Coiii Lyiiii, Drake & Co Ltd Cliai'tered Accouiitaiits 1st floor 34 B-D Maiii Street Moii'a Co. Ariiiagli B"r67 OLE
Tar Isteach Lt(I Contents of the Flna iiei41 Stateiiients for the Year Eiiilcil 31 DeeLiiiber 2023 Page Refei'eiice llii(l A(Iniini51rative Dctai15 Report of tlie Ti'uslees Indepen(leiit Exttmiiier's Rei)oi't Statemeiit of Fiii#iielal Activitles Staten)eiit of Fiiiaiici#l Positioii Noles to tlie Fiiiaiicial Sl#tcmeiits 12 10 22 DctAilc(I Statement of Finaiicial Activilles 23 to 24
Tai. Isteigcl) Ltd Referellce and Administrative Details for tlie Yeai. Eiicle(1311)ecember 2023 TRUSTEES R Mccalliiiii J O'Hagaii Project Coordiiiator COMPANY SECRETARY J Doliei'ty REGISTERED OFFICE 244 Aiitriiii Road Belfast Co. Aiitriii) BT15 2AR REGISTERED COMI)ANY NUMIIEII N1047243 (Nortlierii I relaiid) RCC.ISTEIIED CHAIIITY NUMIJER NICI 00049 INDEI pr.NDENT EXAMINF.R Lyiiii, Di'ake & Co Lid Cliartered Accoui)taiits 1st Floor 34 B-D Maiii Street Moii'a Co. Arii)agFII BT67 OLE
Tai. Isteach Ltd oi't of Ihe Ti'ustees for the Yei)r En(leil 31 Deceiiiber 2023 Tlie Ii'iistees wlio are also directors of tlie cliarity for tlie purposes of the Coinpanies Act 2006, pr¢seiil tlieir repoi'l ivitli Ilie fiiiaiicial stateiiieiils of tlie cliarity for tlie yeai. elided 31 Deceiiiber 2023. Tlie Iriistee5 liav¢ adopted tlie i)rovisioiis of Accoiiiitii)g aiid Reportiiig by Cliarities: Staletiieiit of Recoinineiided Practice appl icable to cliai'ities preparing Ilieii. accoiiiitS li) accoi'daiice willi tlie Fiiiancial Reporliiig Staiidard applicable iii Il)e U K aiid RepubliL Ot" Irelaiid (FRS 102) {effectiv¢ l Jaiiiiai'y 2019). OBJEI CTIVES AND ACTIVITIES Objeclives Aii(I :iiiiis I"lie aiiiis aiid objeclives of Tar Isteach are to atlaiii eqiiality, iiicliisioii, fiill cilizensliii) aiid eiiiotioiial wel l-be iiig for Repiiblicaii Ex-Prisoiiers aiid Iheii. faiiiilies iii Norlli Beifasl tlirougJli Ilie provisioii of Advice, Coiiiiselliiig, Einotioiial Slipport, Yoiitli Pi'ovisioii, Traiiiiiig & Ediicalioii, However, Ilie g7roiii) is tolal ly iiicliisive aiid is i)arl of coiiii)ILiiiily develoi)Iiieiil iielwork of Norlli Belfasl vorkiiigj to iiiii)I'ove social aiid ecoiioiiiic coiiditioiis. No oiie, iio iiiattei. wliat tlieir backgroiiiid is ever liiriied away. It also cai'ries oiit I'esearcli, lobbies, and advocates oli eqiialily of riglits aiid opi)orliiiiities. Tlie priiicipal activilies are provisioii ot. qLial ily services foi. all agies iviiliii) coininiiiiilies of iiorili Belfast wliicli are social ly aiid ecoiioiiiically disadvaiilagyed iliroiigli aclivities tlial proinote Ilie piibl ic benefit: Wel f¢1re RigylilslB¢iicfits Advice Servicc oli all aspecls of ivelt.are riglits beiiefils, lioiisiiig, debi aiid Inoiiey iiiaiiagFClllellt, IILiilili cll)d d isabi l ily, bci'eaveiiiciil siipi)orl aiid i)c?tliivays to ciiiployi)ieiil a(Ivicc. C011115LI l iiigj <lli(l I.17)01 ioi)al Siii)poi'l Sei'vice, loi. al l aspect of iiieiit1c l aiid eiiiotioiial liell Itll aiid wel l-bc iiig. Yoiitli Develoi)iiieiit Traiiiiiig, F.diicatioii ai)d Iiiii)loyinetil Giiidaiice Good relalioiis Iiro&iraiiiines, i)I'oinoliiig ti'iist, toleraiice, aiid respect for diversity. Tlie services cater t'or all tl)ose iii iieed iio Iiialter wliat tlieir coiiiiniiiiily backLyroiind. Tlie groiips siiice ils iiicei)l ioii is coi)ii))ilted to coiiiiiiiiiiily develoi)Ineiit, proiiioliiig peacc aiid coiitl ict Iraiisloi'iiialioii, ii))pi'oviiig cross coiiiiiiiiiiily ivoi'kiiiL7 l'elalioiisli ips, eqiialily, aiid soc ial jiislice for al l. OIICANISATIONAL OBJECTIVES Tlie Cjroiip is establ islied for the c2dvaiiceineiil of ediicalioii, tlie relief of poverty, tl)e relief of iineinployiiieiil aiid lo proinole tlie i)I'olectioii ai)d prcsci'vatioii ot. liealili c211i01ig ex-prisoiiei's aiid tlieir fiqiiiilics iii Nortli Belfasl aiid ils eiiviroiis aiid iii pai'liciilar: To provide coiiiise I liiig, eiiic)tioi)al siippoi't, ti'aiiiiiig7 aiid ediicc2tioii for ex-prisoiiers aiid Ilieir faiii i lies, and practical siipport lo siicli fainilies ivliicli al-e iii Iieed as I'esiili of Ilieii- ecoiioiiiic or social cii'ciiiiislaiices. 'ro oi'gatiise recrealioiial, ediicatioiial aiid olliei. leisiire-tiine aclivities ii) tlie iiileresls of social welfare for Ilie ex-i)risoiiers aiid Ilieir fain il ies. To pi'ovide iiit'oi'iiiatioii, ti'aiiiiiig aiid practical supporl lo cliaritable ex-prisoiiers, coiiiinllllity groLlPS iii ilie area of beiiefit iii ali effoi'l to iiicrease tlieir effectiveiiess aiid efficieiicy.
Tar Isteacli Lt(I ort of tlie Trustees foi. tlie Yeig1' Fiide(131 December 2023 OBJECTIVES AND ACTIVITIES Public benefit Tlie trLlStees believe tliat tlie orgaiiisatioii provides a piiblic benefit Iliroiigli ils efforts to altaiii eqiialily, iiiclusioii, fill I citizeiisli ip aiid einotioiial well-beiiig for Repiibl icaii Ex-Prisoiiers aiid tlieir faiiii l ies. Tlie groLlP is also totally iiicllisive iii proiiiotiiig Coininiiiiily clevelopii)eiil and iiiiproviiig social ecoiioi)iic coiiditioiis. Tlie Iriislees are fill ly aivilj'e of tl)c giiidel iiies froiii tlie Cl)arity Coiiii)iissioii for Noi'ilierii Irelaiid to coini)ly willi Ilie Cliarilics Act (N I) 2008. Tliey liave coiiipl led witli Ilieir diity iii)der sectioii 4(6) ot. Ilie Cl)arities Act (Noi'll)eri) Irelaiid) 2008 10 l)ave I'egard to ilie Cliarity Coiniii issioii t"oi' Norllierii Irelaiid's giiidaiice oli piiblic beiietil aiid Ilial the PLiblic belief Il reqiiireiiieiit lias iiiforined tlle activities of ilie cliaritable coiiipaiiy iii Ilie year eiidiiig 31 Deceinber 2023.
Tar Isteacl) Ltd ort of the Trustees for the Year 11(led 31 December 2023 ACHIEVEMENT AND PERFORMANCE Cliaritxble activities Workiiig iii parliiersliip i%'iili coii)Iiiiiiiity, statiitory, biisiiiess aiid political repi'eseiitalives ive ei)gage arid cooperale Nijil] Ic dvicc sei'vices, siipport sei'vices, Coiiiiniiiiity gi'oLlPS aii(I bod ies c1cross Nortli Belfast tliat are addressi1)& iieed ai)d i)roiiiotiiig good coiiiiiiiiiiity re latioiis, eqiial opportiiiiities aiid chal leiigiiig discriiniiialioii. Woi'kiiigi ivitl) local coiiiiiiiiiiiiy groiips aiid statutory bodies a series of eveiits aiid activities wei'e riiii oiit aiiiied at proinotiiig good relatioiis aiid recoiicil iatioii. Maiiy tIIoLisaiids of people iised oiir sei'vices or atteiid oiir eveiils eacli year. Workiiig iii parliiersliip ivilli coiiiiiiiii)ity, staliitoi'y. blis iiiess. aiid pol itical represeiitatives ive eiigage aiid coopei'ale iviili advice services, SLlPPOI't sei'vices, coiiiiniiiiily gi'oiips aiid bodies across Nortli Belfast 11)al al'e ad(Ircssiiigi iieed aiid proiiioliii good coiniiiLlllity relalioiis, eqiial opi)ortiiii ities aiid clial leii&Fili& discriiiiiiiatioii. Workiiig witli local coiniiiLlllity groups aiid staliilory bodies a series of eveiits aiid activities were I'uii oiit aiiiied al proiiioliiig good relatioiis aiid recoiici lialioii. Tar Isteacli atteinpts to addi'css iiecds aiid social exclii.4ioiI by ils SLlPI)ort services, by iiifoi'iiiiiig, by yiiidai)ce. aiid by ii)leriial aiid extei'iial refei'rals systeins l iiiked lo coiiiiiiiiiiity iietworks aiid stalLltoi'y bod ies ai)(l agieiicies. Tar Isleacli is a iiieiiiber of several parliiei'sliips i)I'ovidiiig services aiid org7AiI isiiig coi)IlllLllllty activities iii iiortli Belfast. 'ar Isteacli I'clies oli beiiefiL iaries aiid Iisei's to siii)poi't Ilie orgyaiiisalioii, -0¢111 i)eople voliiiiteei-, as%isl arid i)ai'tic ipale iii OLII. eveiits. Locc11 peoi)le voliiiileei. iii oiir ofi Ices, at oiir eveiils aiid activities. Oiii. gyroiii) liolds iiifoi'iiialioii sessioiis aiid gyive preseiilatic)iis aiicl iiiforiiialioi) 011 ilie wel lare systeiii aiid welfare reforiii to tlie local coiiiiiiiiii ity. Fliiiidreds of pareiits aiid cli ildren atteiided oiir coiiiinllllity eveiils eacli year aiid volLiiileei' to siipervise aiid sleivard. OLir AGM is wel l allei)clLd. We i)rovicle Iiiid IlislribLile iiiforiiiatioi) oil al l aspecls of beiiefits, ti'aii)ii)g 01)porlLiiiilies, eiiii)loyiiieiil, Collllselliiig, illl(1 liealili i)roiiiotioi). Oiii. biiildiiigi is coiisidcred safe, welcoi)iii)g, aiid coinfortable, il services are used by people froin all sectioiis of society Iiere. Yoiiiig i)eople use oiir pi'eiiiises aiid faci lilies for tlieir aclivities aiid leai'iiiiig. Acccss lo tlie iveltill'e systein aiid eiititleimeiits is crLicial for i)eople striiggiliiig lo Inaiiage. Welfare riglils advice is a key eleiiiei)t iii a iiiiilti-faleled aiid iiiiilli-ag7eiicy I'es1)01)se lo poverty, social aiid ecoiioiiiic deprivalioii. Tlie largyest proportioii ot" aclvice is delivered face-lo-fac¢ biit ive il Iso provide l)01)ie visits aiid teleplioiie advice. Oiir service provides tlie advice aiid siippoi'l tliat eiislires iiid ividiials aiid faiiiilies seciire ilie iiecessities, by lieli)iiig tliein to access all beiiefils, seciire Il)eir lioiisiiig iieeds, eiisiirc represeiilalion al appeals aiid del iverii)g i)ioiieyldebt advice. Tai. Isleacli l)elps iiidividiials iinprove tlieii. qual ity ot" lit.e aiid eiiables Ilieiii to coiilribiile to tlie ecoiioijiic iiifraslriictiire ivitliiii il)eir coiiiiiiiiiiities. Maiiy of oiir clienls are of advaiiced age aiid lived tlirouglioiit tlie coiiflict. Tlierefore, ageiiib, disability, liealil) aiid iyel l-beiiig, Iraiiiiia aiid traiisgeiier1c tioiial traiiina are also descripioi's for tlie iillpact of coiill icl iii people's lives. Maiiy of iliose ivlio coine to Tar Isteacli for assislaiice fall ii)to tliese categ7ories. 111 2023 oiir advice service seeii iii excess of 2000 people aiid dealt iviili ii)ore Iliaii 8000 quei'ies. Alinost £2 iiii11 ion was seciired iii b¢iielits aiid eiil itleiiieiits for clieiits. Tlie Inajorit}' of its cl ieiits are iii poor pliysical or iiieiital lieallli, disabled, affl icted by tlie coiiflict, carers, tlie eldei'ly, people striiggl iiig lo cope fiiiaiicially.
Tar Isteach Lld ort of the Ti'ustees foi. tlie YCRI" Eniled 31 Decen)ber 2023 Tar Isteach is a coiiiiiiiiiiity-based orgaiiisatioii tliat provides fainily support services aiid a5sislaiice iii respoiise to issiies of poverly, disadvaiilage, ill liealih, exclLlSlOlI, ai)d isolalioii. Tliis iiicliides Welfare Riglils/Beiiefits Advice, CoLiiisel liiig aiid Eiiiolioiial Siipport, yoiitli support, aiid Slipport iiilo Iraiiiiiig, ediicatioii, aiid eiiiployiiieiit. Tlie groiip is coiiiiii itled lo ¢oini)iuiiily developiiieiit, proiiiotiiig peace aiid coiiflict traiisfoi.511atioii, iiiiproviiig ci'oss coiiii)iiiiiity working relalioiisliips, eqlialily, iiicliisioii, aiid social jiistice for all. It ¢idvocates, lobbies aiid cainpaigns on issues of eqliality aiid ii)¢liisioii for i)olitical ex-prisoiiers and tl)eir faiiii l ies, iiicludiiig legacy issiies of iiitergeiieralioiial discrii)iiiiatioiis. As ii)eii)bers of ilie cross coiniiiiiiiity Nortli Belfasl Advice Parlnei'sliii), Ive llave access to siiecial isl advice Vlcl tlie Bel fast City Wide 'l'ribiiiial Service. Tl)e NBA P is playiiig a lead role iii iiiaiiitaiiiiiig ai)d iipdatiiig of. tlic advice sei-vices of eacli of its i)Icinbers. By Inoderiiisiiig aiid ii)iiovatiiiLy ive ii)leiid io eiisiire tlie services offered to tlie publ ic is accessible, efficiei)t, effective, aiid I'elevcint iii 2023 aiid beyoiid. Coiiiiselliiig and Einolioi)al Siipport Sei'vice Coiiiiselliiig aiid eiiiolioiial siii)i)ort also reiiic1il)S cls a very iiiiportaiit eleii)¢iit ii) I'edressiiigv Ilie iiiii)act of tlie coi)flicl aiid ISSLICS SLicli as traiiiiia, loss, I'elic tioiisli ii) difficLilties, iiialadapiive beliavioiirs issiics tlial disable aiid preveiit fiill social aiid eLoiioiiiiL P<irtic ipalioii aiid iiitegTralioii. Tlic iiicr¢ase iii <leiiii111(l is be iiigJ i)iel l)y laLe lo face, i)lioi)e, aiid video, I"lie sei'vice lias Iiiaiiitaii)ed ils iielwork of. releri'al pail)¥vays aiid ivorki lig parliiersl) ips ivitli all relevaiit liealtli, statiitoi'y and coininiiii ity siipporl services across noi'ili Be Ifast aiid beyoiid. l)roiiiotiiig Iiidividiial & Coiiiiiiiiiiity Developineiit, )I'oiiiotillgF I)eic cc & Coiifl ict Ti-aii%foriiial ioii, I iiipi'oviiig Ci'oss Coiiiiiiiiii ily Workii)gy Relalioiisliips, Advocatiiigy t"oi' Eqlialily arid Social J iistice for all, We coiiliiiiied io provide Good Relatioiis ProgFI'aii)Iiies, worksliops, aiid coii lei'eiices tlii'oiigil)oiil Ilie year. Peoiile ot" al l agyes aiid backLyroiiii(ls Pil1'1icip1c ted iii a series ot. worksliops, coiil creiices, Ii'11iiiiiig coiii'ses, aiid ediicatioi)al coiirses. Tliesc aclivities are iiiade possible diie lo tlie siipi)orl of our spoiisors, tlie local coiiiiiiiiiiity, oiir voliiiilcers, aiid oiir parliiei'sliii)s willi like-liiiiided oi'bldiiisatioii siicli as. Coiste ila 11-lic rcli iiii i, Asliloii Coiiiiiiiiiiity Ti'iist, tl)e Greatcr New Lodge Coiiiii)Iiiiily Einpoweriiieiil Partiiersliip, Tar Aiiall Traiiiiiigy aiid Eiiiployiiieiil, EPIC, Tra Gra, tlie l-loiisiiig Exeililive, tlie Nortli Bellast Iiiterface Netil'ork, ilie Noi'lli Bclfast Clirisliaii Felloivsliip, Tlie Execiitive olce, Ncwiiigloii Hoiisiiig Associatioii, Copiiis Coiisiiltiiig, ai)d Tiiiie Associates FINANCIAL REVIEW Tlie coiiii)aiiy liad iiel iiicoiiiiiig I'esoiirces foi. Ilie yeai. of £9,295 (2022.. iiet iiicoiiiiiig resolirces of £17,912), wliicli reflected tlie coi)Iplelioii of a iiiiinber of pi'ojects dLlI'iI)g Ilie year. Uiii'estricted fLiiids iiicreased by £10,177, wlii le restricted ftiiids decreased by £882. Resei'vcs i)olicy Tlie Cliai'ily's Pol icy is lo reta iii a level of reserves, wliicli iiiatclies Ilie iieeds of tlie orgaiiisalioii botl) at tlie ciirreiit liiiie aiid iii tli¢ foi'eseeablc fiitiire. Tlie cliarity lias develoi)ed a plaii to eslablisli and iiiaiii18111 Iliis agireed level of I'eserves. Tlie cliarity ivill coiitiiiiie to iiioiiitor coiiipl iaiice willi 11)is i)ol icy oli a regFiilar basis aiid tlie Board ivi11 revieiv tlie appi'opi'ialeiiess of ilie pol icy aiiniial ly.
Tar Isteach Lt(I ort of the Trustees for tlie Year Encle(131 December 2023 FUTURE PLANS Tlie Tar Istea¢li strategic Plaii is intetided to provide tlie orgaiiisatioii ivitli fiitiire directioii over Ilie iiext 3-year period froiii 2023. Oiir strategic goals wi I I deterin iiie the s¢rvices, prograinines, aiid projects we deliver. Our oiilcoiiie-based api)roach iii oiir work will provide a basis by ivli icli ive cali jiidge oiir Sliccess iii our delivery. Eacli aiiii is suppoi'ted by a series of oiitcoii)es wlii¢li specifies Ilie cliaiigves we waiit to see, tlie differeii¢e ive waiil to Ill<ike. It sets oiit oiir gioals aiid liow we will acliieve Iheii). Tl)ese Strategic Aiiiis ivill be acliieved tliroiigyli operatioiial objeclives. Overal I, our slralegy is iiiiderpiiiiied by Olir Missioii aiid ValLies whicli drives all tliat we do. Tlie core ai'eas ot. oiii. work al'e defiiied as.. Iiidividiial aiid Faiiii ly Siipi)ort Sei'vices CoiiiiiiLllI Ily Develoi)iiieiil Proiiioliiig EqLialiiy of Riglits foi. All l)roinoliiig Peace aiid Recoiici liatioii Orgaiiisatioiial Develoi)Iiieiit 1'1ieret'oi'e, the slralegic aiiiis of 'far Isleacli reflect Iliese ai'eas as lolloivs: Strate&FiC A iiii I O (icli ieve Ilie visoii of eqLial ity aiid fill I cili/eiisli ip riglits for everyoi)e. Sii'alegyic Aiiii 2 TL) i)rovidc li igil) qiiality aiid accessible siipport services for all. Sli'alegic Aiin 3 To provide 01)i)oi'lLllI Ilies for p¢ople of all ages to eiibiagve iii i)ersoiial ai)d SOCi<il developiiieiit aclivilies ai)d to leave a legacy for 11)e coiiiiiiiiiiity. Slralegic A iin 4 "ro provide 01)porliiiiities for peoi)le of all ages aiid backgroLiiid5 to parlicipale in aclivilie5 Ilial proiiiote giood I'elii liotis aiid recoiicil ialioii iii safe aiid coiiifortablc sliai'ed spaces. Strc21egic Aiiii 5 To be a 'fit for piirpose, orgjaiiisatioii tlial strives to coiitlllLially develop aiid deliver liigli qiialily service pi'ovisioii. STRUCTURE, GOVERNANCE AND MANAGEMENT Goi'ei"i)iiig (locuineiit I"lie cliarity is controlled by its gJoveriiiiig dociiiiieiit, a deed of iriisl, and coiistitiiles a liiiiited coiiipaiiy, l iiiiiled by gLiaranlee, as defiiied by ihe Coiiipaiiies Act 2006. Reci'iiitnient aii(l a ppointiiiciit of neiv triislees 'riie iiictliod iised lo I'ecruil iieii, tl'LlStees oiito tl)e board is tl)at of Ilie board iictivoi'kiiigi Iliroiigli Ilieir oivii coiitacts, to fiiid soiiieoiie ivlio fits Ilie iiecessai'y reqiiireiiieiit at tlie tiiiie.
Tar Isteach Ltd ort of the Truslees foi" tlie Year En(It(131 Decen)ber 2023 STRUCTURF, GOVERNANCE AND MANAGEMENT ClIAritable Status iii)(l Regisli'atioii Tar Isteacli was i-egistered willi tlie Cliarity Coiiiin issioii for Nortliern Irelaiid 011 2iid April 2014. Its Cliarity iiiiiiil)ei' is NIC 100049. Risk iiianagenieiit The pi'iiiciples of good goveriiaiice 2( re eiiibedded witliiii all aspects of Tar Isteacli's operatioiis witli l)Icliiagei)ieiit ai)d staff beiiig keeiily aivare of tlie Boards respoiisibility of eiisuriiig tlial tlie orgaiiisalioii protects itself froiii fiiiaiicial exposiire aiid repiitatioi)al dainage, A close ivorking relatioiisliip is iiiaiiitaiiied belweeii tlie Boai'd ai)d iiiaiiageiiieiil to eiisiii'e Iliat opei'atioiial ly slnff al'e awai'e of Ilie staiidards I'eqiiired of Iliei)I by tlic Boai'd aiid tlie Board are always iii a positioii lo pi'ovide guidRiice Iiiid siii)port to iiiaiiageiiieiil iii Ilie discliargje ot. ilieir diities, Tliis livo-way relatioiisliip is tlie key feature of Tar Isteacli govei'iiaiice ari'aiigeiiieiits aiid is a key streiigil) ii) tlie coiiipaiiy. A coiisciciiliolis approacli to eiisiiriiig tliat coiitractiial project reqiiireineiils are acliieved lias beeii iiiaiiilaiiied at all tii)Ics botli iii tlie accoLiiiliiig period beiiig) I'eported oli aiid siiice Tar Isleacli establ isliiiieiil. Very lig71)1 fiiiaiic ial coiitrols oli exi)eiiditiire aiid al I fiiiaiicial coiiini ilineiits are iiiai iilaii)ed at al I tiiiies arid project slaff liave beeii Iraiiied aiid liave becoiiie experieiiced iii biidgelary coiiti'ols. Iii botli tliese areas ie Projeci delivery aiid fiiiaiicial coi)ti'ols iiiaiiagveineiit al I staft. liave eslabl islied close workiiigi relatioiisl)ips willi fiiiidin orgyaiiisalioiis lo eiis111'e al I Iiiaiidaloi'y slai)dards are ¢oiisisleiitly acliieved. Board represeiitatives also aclively ¢iig)ag7e ivitli tiiiidiijgi bodies. Tli¢ Board, iiiaiiagFeiiiei)t aiicl slatT are fill ly awai'e Ilial Ilie Iialure of tlie work iii wliicli Tai. Isteacli is iiivolved cali briiig witli it a liigli level of scriiliiiy io eiisiire tliat all aclivilies are fully coinpliaiit willi fiiiidiiig reqiiirei)ieiils aiid, tlierefore, beyoiid rei)I'oacl). Tlie Board of Tar Isleach is, tliereforc, &yi'eaily reassiired of tlie coiiipiiiiy's coiiipl iaiice willi ilie li igliest of staiidai'ds of giovei'iiaiice oli tlie basis Ilial all Iiioiiitoi'iiig aiid evciliialioii ot. pi'ojecl delivery dciiioiislric les acliieveiiiciil of al I fiiiidei's objeclives arid tliat liiiiders, aiidils aiid VOLicliiiigv of fiiiaiicial ¢xi)eiidiliii'e ic lid Ilie iiidepeiideiil exaiiiiiiers repoi'l coiifiriii coiiipl iai)ie iviil) boll) i)I'obily arid regyii lai'ily ill tlie iise of iiioiiies received. Tliis repoi't lias beeii prepai'ed iii accordaiice witli Ilie 51)ecial i)rovisioiis of Parl 15 of tlic Coiiii)aiiies A¢1 2006 I'elatiiig io siiiall coiiipai)ies, Approved by order of Ilie board of iriislees 011 26 April 2024 aiid sigiied 011 its belialf by.. J Doliei'ty - Seci'etary
lii(le )eii(len¢ fi xani iner's Re Tar Isltach Ltcl I reporl oli Ilie accoiiiits of tlie coii)paiiy for tlie year elided 31 Deceiiiber 2023, wliicli are set oiit oil pages iiiiie lo tweiity two. oi't to tlie Trustees of Respective respoiisibilities of ehArity trustees and examiner As the cliarity's triislees (aiid also tlie dii'ectors for tlie piirposes of coiiipaiiy law) yoii are respoiisible for tlie preparatioi) of tlie accouiits iii accordaiice ivitli tlie reqiiireiiieiils of tlie Coinpaii ies Act 2006. Haviiig satisfied Imyself that tlie cliarity is iiot siibject lo audit ui)der coinpaiiy laiv aiid is eligible for iiiclepei)dei)t exaiiiiiiatioii. il is Iny I'espoiisibility lo.. exaiiiiiie tlie accoiiiits iiiider Seclioii 65 of tlie Cliarities Act follow tlie procediii'es laid dowii iii tlie geiieral Dii'eclioiis giveii by tlie Cliarity Coiminissioii for Noi'iliei'ii Irelaiid iiiider Sectioii 65(9)(b) of Ilie Cliarilies Act state wlietliei. pai'ticii lar Iiiattei's liave coiiie lo iiiy alteiitioii. ljasis of the inclepcii(leiil exa inincr's i'eport I liave exaiiiiiied yoiir cliarily accoLlllts as reqiiired uiider Sectioii 65 of Ilie Cliarities Acl aiid Iny exai)i iiialioii was carried oiit iii accordaiice iviili the geiieral Directioiis giveii by Ilie Cliarity Coiiiiiiissioii for Noi'llierii Ii'elaiid iii)dei' Seclioii 65(9)(b) of Ilie Cliai'ities Acl. The exainii)alioii iiicliided a review of Ilie accoiiiiliiig records kept by ilie cliarily aiid a Loiiiparisoi) of Ilie accoiiiits preseiited M'itli tliose records, 11 also iiicliided coiisideratioii ot. aiiy iiiiusiial iteiiis oi. disclosLlI'es iii tlie accoiii)ts, aiid seekiii&F exi)laiiatioiis li'oiii yoii as cliarity Irlislees coiicerii iiigp aiiy siicl) ii)atlers. My role is lo slal¢ wl)etlier aiiy Iiialerial iiialters liave coiiie to ii)y alteiilioii giviiigi Ine cause to believe., 'riiiil Ccoillitiiig I'ccords ivci'e iiot kci)t iii accoi'dancc Ivitli Sectioii 386 of tlie Coini)ai)ies Act 2006 "riiat Ilie accoiii)ts do iiol ciccord witli Iliosc accoLllItillL7 records Tl)at 11)e accoiiiils do iiot coiiiply witli Ilie accouiitlllg7 I'eoiiirciiieiits of Scclioii 396 of tlie Coinpai)ics Act 2006 aiid witli tlic iiieiliods aiid priiiciples of ilie Cliarilies Staleiiieiil of Recoiniiiei)ded Pi'a¢li¢e appl icable to cliarilies i)repariiigy tlieir accoiiiits iii accordaiice ivitl) tlie fiiiaiic ial Reporliiig Staiidard api)l icalile iii tlie U K aiid Rci)Iiblic of Ii'cl<iiid Tliat tliei'e is fLirtl)ei' iiit"oi'iiiatioii Iieeiled foi. a i)roper iiiiderslaiidii)g ol. Il)c accoiiiils to be reaclied, I nilei)eii(Iciit exaniinei s stttteiiient I liave coiiii)leted Iny exaiiiiiiatioii aiid liave iio coiiceriis iii I'espect of Ilie iiiallers ( l ) to (4) lisled above aiid, ii) coiiiiectioi) Ivitli followiiig tlie Directioiis of tlie Cliarily Coiiiiiiissioi) foi. Nortlicrii Ii'elaiid, I have foiiiid iio iiialters Illal reqiiire draiviiigi to yoiir atleiilioii. Billy Lyiiii, Drake & Co l.td Cliai'lered AccoLiiilaiits 1 51 Floor 34 B-D Maiii Sireet Moira Co. AriT]agli BT67 OLE 26 April 2024
Tar Isteach Lt(I Statenient of Financial Aelivities I ncor )orati li an Income an(1 Ex ienditure Account for the Year Eii(lecl 31 December 2023 31.12.23 1.otal riiiids 31 12.22 Total riiiids Uiirestricted Restricted fiiiids fiiiids Noles INCOME AND ENDOWMENTS FROM Doiialioi)s arid legacies 9,958 9,958 4,094 Chai'itable activities Gi'aiils Ileceivable 209,091 209,091 251,932 Oilier trad iiig activities 3,136 3,136 4,612 Total 13,094 209,091 222,185 260,638 EXPENDITUIIE ON Clilli'itllble Aclivities Dii'ecl Cl)aritable expeiises Govei'iiaiice Costs 37 2,880 209,973 210,010 2,880 240.379 2,347 Tol#l 2,917 209,973 212,890 242,726 NET INCOMEI(EXI>ENI)ITURF.) 10,177 {882) 9,295 17,912 RECONCILIATION OF FUNDS I'olal l iiiids broiigTlIt loi'ward 55,747 96,355 IS2,102 134,190 TOTAL FUNDS CAIIRIFD FORWAIID 65,924 95,473 161,397 152,102 Tlie iiotes forin part of these fiiiaiicial staleimeiils
Tar Isteach Ltcl Statement of Financial Position 31 Decen)bci" 2023 31.12.23 31.12.22 Notes FIXED ASSETS Taiigible assets 980 1,470 CURRENT ASSETS Debioi's Casli al baiik 33,872 129.258 7,709 145,359 163,130 153,068 CREDITORS Aiiiouiils fall iiig diie witliiii oiie year 10 (2,713) (2,436) NF.T CURRENT ASSETS 160,417 150,632 TOTAL ASSETS LESS CURRENT LIAJIILITIEI S 161,397 152,102 NET ASSETS 161,397 152,102 FUNDS Uiireslricled fLiiids Reslricled fiiiids 12 65,924 95,473 55,747 96,355 TOTAL FUNI)S 161,397 152,102 Tlie cliaritable coiiipaiiy is eiilitled lo exeiiiplioii froin audit iiiider Sectioii 477 of ilie Coiiii)aiiies Act 2006 for tlle year etided 31 Deceiiiber 2023. Tlie iiieiiibei's Iiave iiot I'Lqii li'ed tlic coiiii)cllly to obtaiii ali aiid it of ils fiiiaiic ial slateiiieiils foi. tlie year elided 31 Decciiibei- 2023 iii accordaiice witli Seclioii 476 of tlie Coiiipaiiies Act 2006. Tlie Iriislees ackiiowledge tlieir res1)oiisibililies foi. (a) eiisiiriiig tliat Ilie charitable coiiipaiiy keeiis accoiiiitiiig records Iliat coiiiply ivitli Seclioiis 3 86 aiid 3 87 of ilic Coiiipaii ies Act 2006 aiid (b) prei)ai'iiig fiiiaiicial stateiiieiils ivliicli giive a IrLlC aiid fair vieiv of Ilie stq¢ tc of affciirs of tlie cliai'itable coiiipaiiy as at tlie eiid of eacli fiiiaiicial year aiid of ils Slirpliis or deficit foi. eL1clI fiiiaiicial ye<ir iii a¢LOI'daiiLe ivilli Ilie reqiiii'eiiiciits of. Seclioiis 394 aiid 395 aiid wliicli otliei-wise coiiiply ivitli tlie reqiiireiiieiils ot" tlie Coini)aiiies Act 2006 I'elaliiig to fiiiaiicial stateiiieiits, so far as appl icable to ilie cliaritable coinpaiiy. Tlie iiotes foriii pai'l of tliese fiiiancial staletnenls 10 coiItillLlCd.
Tar Isteach Ltil Stlltement of Financial Position - continued 31 Deccnibei" 2023 Tl)ese fiiiaiicial stateinei)Is liave been pi'epared iii accordance ivitli the pi'ovisioiis applicable to cliaritable coinpaiiies SLibject to tlie siiial I coiiipaiiies regiiiie. Tlie fiiiancial stateineiit5 were approved by tlie Board of Trustees aiid aiilliorised for issiie 011 26 April 2024 aiid were s igiied 011 its belialf by.. R Mccalliiiii Ti'iistee J O'Hagai) Triistee Tlie iiotes forin part of ihese finaiicial statements
Tar IsteHch Ltil Notes to tlie Financial Stalemenls for tlie Ye#1" Eiide(131 Deeeiiiber 2023 ACCOUNTINC POLICIES Basis of i)rcpqi'ing the fiiiqncial statemeiits (a} Genei'411 infoi'iii#tion aii(I basis of prcparation Tar Isteacli is coiistilLlted as a coiiipaiiy liinited by gliai'aiiiee iiicorpoi'aled iii Nortlierii Irelaiid (N1047243). Iii tlie eveiit of tlie cliarity beiiig woiild up, tl)e liability iii respecl of tlie giiaraiitee is l iiii ited lo £ I pei. iiieiiiber of tlie cliarily. Tlie cliarity coiislitutes a piiblic benetit eiitity as defined by FRS 102. Tlie fiiiaiicial slateiiiei)ts liave beeii i)rei)ar¢d iii accordaiice ivitli Accoiiiiliiig aiid Reiioi'tiiig by Cliai'ilies.. Slllteiiieiit of Recoiniiieiided Pi'actice appl icable to cliarities prepariiig tlieir accoiiiils iii accordaiice iviili tlie riiiaiicial Reportiiig Staiidard applicable iii Ilie U K aiid Repiiblic of Irelaiid {fRS 102), Ilie Fiiiaiicial Rei)ortii)g Staiidai'd applicable iii tlie Uiiited Kiiigidoiii aiid Repiiblic of Irelaiid (FRS 102), tlie Cliarities Act (Nortlierii Irelaiid) 2013, Ilie Coiiipaiiies Act 2006 aiid UK Geiieral ly Accepied Praclice as it applies fi'oiii l JaiiLiai'y 2015. Tlie fiiiaiicial slaleiiieiils are prei)ared oli a goiiig coiiceri) basis iiiider tlie li istorical cost coiiveiilioii, Imodified lo iiicliidc certaiii iteiiis ai fair valiie. Tlie fiiiaiicial slatei)ieiits are preseiiled iii slerliiig vli icli is tlie fLiiiclioi)al Llll'l'eiicy of tlie cl)arily. Tlic sigiii fic<Qllt accoiiiitiiig i)olicics appl led iii tlle pi'ei)aratioii of tliese fiii4iicitil slaleiiieiits are set oiit beloiv. "I"Iicse i)ol ic ics liavc beeii coiis isleiilly applied to al l years presciile(l iiiiless oilicrivisc staled. (b) Fu i)(Is Uiiresli'icled fLiiids are avail(Ible for iise al Ilie discretioii of ilie triislees iii fiirilieraiice of tlic gieiiei'al objectives ot tlie cliai'ity aiid wliicli liave iiot beeii desigiiated for oiller PLlI'poses. Desigi)ated fiiilds coiiiprise uiireslricted fuiids Iliat Iiave bceii sct aside by tlie Iriistees for parliciilar piiri)(Trses. Tlie aiiii aiid iise of eaLli desigiiated fiiiid al'e set out iii tlie iiotes to Ilie fiiiaiicial stateiiieiils. Restricted fLiiids al'e fiiiids wliicli are lo bc iised ii) accoi'dcliice willi specific I'estriclioiis iiiiposed by doiiors or ivliicli liave beeii I'aised by tlic cliariiy foi. Iiarticiilar piirposes, Tlie cost of raisiiig aiid adiniiiislei'iiigi SLILli f'LlI)ds al'e cl)argyed agai1is1 tlie specific fiiiid. 'fiie aiin aiid iise of eacli I'e5tricted fiiiid al'e sel oiit iii tli¢ iiole% to Ilie fiiiaiicial slaleineiils. riirtlier exi)laiici1ioii of tlie IialLlI'e aiid piiriiose of eacli fliiid is iiicliided iii tl)e iiotes to Ilie fiiiaiicial slateiiieiits. {c) Inconie recognition All iiicoiiiiiigy I'esoiirces al'e iiicliided iii Ilie Stateiiieiit of Fiiiaiicial Activities (SOFA) wlieii tlie cliai'ity is legal ly eiitiiled to Ilie iiicoiiie aftei. aiiy perforliiaiice coiidilioiis liave beeii Inet, Ilie aiiioiii)t cali be IneasLlI'ed reliably, aiid it is probable tliat tlie iiicoine will be received. 12 coiitiiiiied.
Tar Isteacli Lt(I Notes to tlie Financial Statements eontinued ror tlie Year En(leil 31 Decenibei. 2023 ACCOUNTING POLICIF,S - contiiiued Basis of i)i'ei)aring tlic finaiicial stateiiicnts For doiiatioiis lo be i'ecogiiised tlie cliarity will liave beeii iiotified of tlie ainoiiiils aiid Ilie seltleiiieiit dale iii writiiig, If tliere are coiiditioiis attached to tlie doiiatioii and Iliis reqiiires a level or perfoi'iiiaiice befoi'e eiititleineiil cali be obiaii)ed, Ilieii iiicoiiie is delerred iiiilil Iliose coi)ditioiis are fiilly Inet or Ilie fLilfiliiieiit of tliose coiiditioiis is wiiliiii Ilie coiitrol of tlie cliarity aiid it is i)I'obable tliat tliey will be fLilfi Iled. Voliiiitary iiicoiiie is rece ived by way of graiits, doiialioiis ai)d gi fts aiid is iiicliided iii fill l iii tlie Slllleineiil of Fiiiaii¢ial Activities (SOFA) wlieii receivable. Iiicoi)ie received Iroiii col lectioiis is rccogiiised wlieii I'eceived. Doiiated faci l ities aiid doiialed professioiial sei'vices rfire recogiiised iii iiicoine al Ilieii. fair valiie wl)eii tl)eir ecoiioiiiic beiiefit is probable, il cali be Ineasiired reliably, aiid Ilie cliarily lias coiilrol over tlie itein. I,'aii' valiie is detei'iiiiiied 011 tlie basis of tlie valiie of Ilie gyift to ilie Lliarily. for exaiiiple, tlie aiiioiiiit tlie cliarily IVOLild be Nvilliiig lo pay ii) ilie open Inarket for SLicli facilities aiid services. A coi'i'espoiidiiig aiiioiiiit is recogi)ised iii expeiidilure, No aiiioiiiil is iiicllided iii tlie fiiiaiicial slateiiieiits for voliiiileer liiiie i li liiie vviili Ilie SORP (FRS 102). rLirllier delai l is giveii iii the 'friistces' Aiiiiiial Rei)ort. For legiacics, eiititlei)ieiil is Ilie earl lei. ol. tlie cliic rity beiiigy iiotified of ali iiiipeiidiiigi d islribiilioi) or Ilic legracy beiiigi I'cceived. At tliis poiiil iiicoiiie is recogiiised. Oli occasioii legiacies ivil I be iiolified lo IliL' clicll'ily l)oivevLI' il is i)ot possible lo Iiiec1s11re tlie ainoLiiII exi)eLled to be disti'ibiited. Oil Ili¢s¢ Ocl11 SiOI)S, tl)c leg?acy is Ii'eated as a coiilii)g)eiil asset aiid disclosed, Ii)coiiie ti'oiii Ii'adiiigi aclivities iiic liides iiicoiiie eariied froi)I fiiiidraisiiig eveiils aiid Ircidiiig activities to raise fiiiids t.or ilie cl)ai'ity. Iiicoiiie is received iii cxcl)aiigTe for siipplyiiig gyoods aiid services iii order to raise fiiiids aiid is I'ecogyiiised wlieii ei)titleiiiei)t lias oc¢iii'i'ed. Tlie cliarity receives govei'iiineiii graiits wliicli are detailed williiii tlie notes to Iliese fiiiaiicial stalciiieiits. Iiicoine froin g?overi)Iiieiit aiid oilier grai)ts are recogiiised at tair valiie ivlieii Ilie cliarity lias eiitiileiiieiit after aiiy perforiiiaiice coiidilioiis liave beei) iiiel, it is i)robioble tliai Ilie iiicoiiie ivil I be I'eceived, aiid Ilie aiiioiiiit cali be Ineasiired reliably. Ir eiititleineiit is iiot i)iel, Ilieii tliese aiiioiiiils al'e defei'red. (D) Expeiillitiu re i'ecogiiitioii All cxpeijditiire is accoLiiiled for oli ai) acci'iials basis iiicliisive of V A T wl)icli caiiiiol be recovered aiid l)as beeii classified Liiider liead iiigs tliat aggi'egate all costs re lated to tlie calegvory. Expeiid ilLlI'e is recogiii5ed wliere tliei'e is a leg2< l or coiislriictive obligatioii to ijiake payineiils lo Iliird i)arlies, il is pi'obable tliat ilie 8etileiiiciit will be I'eqiiired, aiid Ilie aiiioiiiil of ilie obligatioii cai) be ii)easiired I'el iably. It is catcgoi'iscd iiiider Ilie fol I0,11)g lieadiiigs: Costs of raisiiig t'LlI)ds iiicliides tlie costs associated ivitli altracliiig voliiiitary iiicoiiies. Expeiiditiii'e 011 cliaritable activities iiicliides Iliose cosls iiiciii'red by Ilie cliarily iii Ilie del ivei'y ot" ils act ivities aiid services foi. its beiieficiai'ies. It iiicliides boili costs tliat can be allocated directly to SLICII activities aiid Iliose costs of ali iiidii'ect iiatiii'e iiecessary to siipporl Iliein. aiid Otlier expei)ditiire repi'eseiils tliose iteiiis iiot fal liiig iiito the categories above. Irrecovei'able V A T is cliarged as ali expeiise agaiiist tlie activity for wliich expeiidillire arose. 13 coiitiiiiied.
Tai. Isleach Lld Notes to the Financial Statemeiits - Continued for the Yeql I. Fiiilc(131 Deceiiibei. 2023 ACCOUNTINC. POLICIES- coiitiiiue(I Basis of i)i'cpai'ing the finaiieiiil statemeiits Gi'aiits payc1blc to tliii'd pai'lies are witl)iii tlie cliaritable objectives. Wliei'e Liiicoiiditioiial grai)ts are offei'ed, tliis is accrLied as sooii as tlie recipiciil is iiotified of Ilie graiit, as tliis gives rise to a reasoiiable expectatioii tliat tlie recipieiit wil I I'eceive Ilie graiits. Whei'e graiils are conditioiial relaliiig to perfoi'inance tliei) ille graiit is oiily accriied wlieii aiiy uiifiilfilled coiidilioiis are oiitside of tlie coiitrol of the cliarily. (e) Supi)ort costs allocation Support cosls are tl)ose Iliat assist tlie work of tlie cliarity bul do iiot directly repi'eseiil cliarilable activities aiid iiicliide office cosls, goveriiaiice costs, adiiiiiiislrative payroll costs. They are iiicurred direcily iii siipport of expeiiditiire 011 tlie objects of tlie cliarity and iiicliide project Iiiai)ageiiieiit cai'i'ied OLIt al Herfidqiirfll'lei's. Wliere siipport costs caiiiiot be d irectly attribiited lo i)ai'ticii lar lieadiiigs tliey liave beeii allocated to cost of raisiiig fiiiids niid expeiidiliire oli cliarilable aclivitics ori a l)asiS coiisisteiil ¥Yitli iise ot" tlie I'esoLlI'ces. Prei)i ises overl)eads liave becii nl locale(l ori ai) iii.sert dela i I bilsis ai)d otlier ovei'lieads liave beeli al located oli a basis coiisisteiit ivitli Ilie Lise of I'esoiirces. Fiiiid-raisiiig costs al'e tliose iiiciirrcd in seekiiig voliiiilary coiilribulioiis and do iiol iiicliide tlie costs of disseiii ill12tiiigv jiiforiiialioii iii siii)i)ort of tlie cliaritable activities. (O TAiigiblc fixeil iissets Taiigiible fixed assets are slated at cost less acciiiiiLilated dei)recialioii aiid acciiiiiii lated iini)<lirii)eiil losses. Cost iiic Ilides Losts d irecily atlribiilable to iiiakiiig Ilie asset capable of operatiiigi as iiileiided. Dei)rcciatioii is i)I'ovided oli all li< iigible fixed assets, at rates calciilaled lo wrilc off Ilic cost, less cstiiiiatcd I'esidiial Vrfiliie, ol" eacli assel 011 a syst¢llli?tic basis over its expcilcd iiscliil l ifc as t"olloivs: Fixlires & Fitliiigs - 20 % Rediic iiig Balaiice (g) l)ebtors aii(l ereditoi"s receivable I payable williiii one year Debtors aiid creditoi's ivitl) iio slated iiitei'esl r1[ te aiid reccivable or i)ayable witliiii oiie year al'e reLorded al ti'aiis<qclioii pri¥e. Aiiy losses arisiiigi froin iiiipairineiit are reco&)iiised iii expeiiditiire, (h) Inii)aii'niciit Assels iiol iiieasiii'cd at fiiif VillLie al-e I'evieived for aiiy iiidicalioii IliHt tlie asset iiiay be iiiipaii'ed at eacl) balaiice slieet date. I f siicli iiidicalioii exists, Ilie I'ecoverable aiiioiiiil of tlic asset. or tlie assel's casli gciicratiiig iiii it, is estiinated aiid coiiiparcd to tlie carryiiig ill)lOllllt. Wlici'e tlie ¢1( I'ryiiig ainoiiiil excecds its rccovei'able aiiioiiiit, ali iiiipaii'ineilt loss is recogyiiised iii profil or loss Iiiiless Ilie asset is carried at a revaliied aiiioiiiit wliere ihe iiiipairiiieiil loss is a revaliiatioii decrease. (i) Provisions Provi5ioiis are recogiiised wliei) tlie cliilril), lias ali obligatioii al Ilie balaiice slieet date as a resiilt of a past eveiit, it is probable tliat ali OLilfloiv of. ecoiioiiiic beiiefits ivi11 be I'eqiiii'ed in settleineiil aiid Ilie aiiioiiiit cali be I'eliably estiiiiated. 14 coiiliiiiied,
Tdl" Isteach Lt(I Notes to the Financial Statements - eontiiiued foi. the Year F.iideil 31 Decenil)eJ' 2023 ACCOUNTING POLICIES - coiitinued Basis of prei)1gring tlie finaiicial statciiients (i) Leases Assets acqiiired iiiider fiiiaiice leases are capitalised and depreciated over tlie sliorler of ilie lease tei'in ai)d tlie expecled iisefiil life of Ilie asset. Miniiniiin lease payineiits are api)orlioiied beliveeii tlie fii)aiice cliarge aiid tlie I'ediictioii of tlie OLilstaiidiiig lease liability iisiiiby il)e effcctive iiitei'esl iiietliod. Tlie related obligatioiis, iiet of tiitui'e fiiiaiice cliarges, are iiicllided iii creditors. Reiitals payable alid I'eceivable iiiider operatiiig leases are cliarged to tlie SOFA oli a straiglit liiie basis over tlie pei'iod ot" tlie lease. (k) Tax No pi'ovisioii is rcqLiired foi. taxatl011 cls tlie coinpaiiy is defii)ed as a cliarily for taxatioii piirposes. I'he cliai'ity is a I'egTristered cl)arily aiid so siicli is eiiliiled lo certaiii lax exeiiiptioiis oli iiicoiiie rfiiid profils froiii iiivesliiieiits aiid siiri)liises 011 aiiy tradiiigi aclivilies cari'ied oli iii fiirtlieraiiie of tlie ¢liarily's pi'iiiiary objectives, it. tllese profils aiid siirpliises are appl led solely tor cllaritable piirposes. (l) Going coiicern Tlie tiiiaiicial stateiiieiits liave becii i)repai'ed on a gyoiiigy coiicerii basis as tlie Irii.qlees bel ieve Ilial iio Iiialeriiil Iiiicii'laiiilies exist. Tlie IriistL'cs li<ive coiisiclLI'Ld Il)c Icvcl of liii)ds licld c111(I Ilic expecled level of iiicoiiie aiid e.xi)eiid ilLlI'e for 12 iiioiiilis Iroiii aliiliorisiiig tliese fiiiaiicial staleiiieiits. Tlie biidgJeled ii)coiiie aiid e.xpeiidilLire are siiffic ieiil ivilli Ilie level of reserves for tlie cliai'ity to be able lo coi)lii)iie as a goii)gi coi)cerii. (In) Ju(Igcments estiinates Tlie followiii& j Lidgciiieiits iiicliid ii)g Iliose iiivolviiig esliinates that liave beeii iiiade iii Ilie i)rocess or api)lyiiig tl)e above accoiiiitiiig policies tliat liave liad tlie i)iost sigyiiificaiil el'fect 011 tlie aiiioiiiils recogii i5ed iii Il)e tlllc211cial slateiiieiits aiid il)at Iillve a sigbi)i ficaiil risk of caiisiiigy a i)ialeria l adjiistiiieiil to tlie carryiiig il Illollllts of assets aiid l iabil ities with iii tlie iiext fiiiaiic ial year,. (i) deprecialioii iiietliod aiid asset useful lives Tlie estiinales aiid assiiiiiptioiis are reviewed oli ali oiigyoiiig basis coiisideriiig Ilie Clirreiit aiid futiire iiiarket coiidilioiis. Taxation Tlie iliarity is a i'egistered cliarity aiid so siicli is ei)litled to certaiii tax exeiiipiioiis oli iiicoiiie aiid protits froiii iiivestiiieiits aiid siii'pliises oli aiiy tradiiig aclivilies carried oil iii fiii'lliei'aiice ot" Ilie cliai'ity's pi'iiiiary objectives, if tliese profits aiid siirpllises are ai)plied solely foi. cliai'ilable PLifp05es. Fuiid accounting Tlie coiiipaiiy lias varioiis types of fiiiids for ivliicli it is respoiisible, aiid wliicli reqiiire sei)arate disclosiire. A defiiiitioii of tlie varioiis types of fLiiid5 is as fol Ioiv5: (i) Restricted fuiids Fiiiids received ivliicli are eariiiarked by tlie doiior for specific purposes. SLiclI piirposes are wiiliiii tlie overall aiins of tlie coinpai)y. coiiliniied...
Tar Isteacli Lt(I Notes to the Financial Stateinents - continued foi. 11)e Year Eii(leil 31 Deceiiibei. 2023 ACCOUNTING POLICIES - conlinued Fui)d accounting (li) Uiirestricted fLiiids Fiiiids ivliicli are expeiidable at Ilie discretioii of tlie d irectors ivliicl) l)av¢ beer) desigi)atecl for specific l)Lirposes iii f iii'tliei-ai)ce of tlie objects of ihe cliarily. DONATIONS AND LEGACIES 31.12.23 31.12.22 Doiiatioiis Fuiid Raisiiig Eveiils 4.548 5,410 1,294 2,800 9,958 4,094 OTHEI R TRADING ACTIVITIF.S 31 12.23 31.12.22 Uiiisoii GIVL As YOLI l.ive AiiiilLOlI Siiii les 3,100 16 20 4,550 50 12 3,136 4,612 INCOME FROM CFIARITABLE ACTIVITIES 31.12.23 31.12.22 Activity Graiils Receivable Gr¢21)Is 209,091 251,932 Gratits received, iiicliidcd iii tlie above, are as fol lows.. 31 12.23 31.12.22 Bel t.ast C ity Coiiiic il - Reveiiiie Neiviiig7toii Holis ii)g Noi'ilieri) Irelaii(l Hoiisiiig Execiilive Viiie - Norili Belfcist Ai'ea Pai'liiersliip TLO Coiiii)ILiiiII les iii Ti'aiisilioii TLO Ceiilral Good Relatioiis 21,327 10,350 9,600 22,791 119,926 25,097 24,611 6,300 12,000 29,083 133,186 46,752 209,091 2SI,932 16 coiiliiiiied.
Txr Isteach Ltil Notes to the Financial Statements - eontiiiued for the Ye'ir l< nde(131 Deceiiiber 2023 NET INCOMEI(EXPENDITURE) Net iiicoiiie/(exp¢iid itiire) is stated after cliargiii&¥/(creditiiig)'. 31.12.23 31.12.22 Accoiiiitaiicy fees Depreciatioii owiied assets 2,280 490 1,847 490 TRUSTEEI S, REMUNERATION AND IIENEFITS Tliere were iio trLlStees' reiiiiiiiei'atioii or oilier beiiefits foi. Ilie year elided 31 Deceimber 2023 iior for tl)e year elided 31 Deceiiiber 2022. Ti'uslees, expenses Tliei'e were iio triislees, expeiises paid for tlie year elided 31 Deceinber 2023 iior for tlie year elided 31 Deceiiiber 2022. STAFF CO.(iTS 31.12.23 31.12.22 Wag?es aiid salai'ies Social seciirily costs Oilier peiisioii costs 140,856 8,856 1,470 149,832 10,336 151 182 160,168 Tlie avei'aL7e iiioliili ly iiiiiiiber of eiiiployees diiriiigy tlie year was as follows.. 31.12.23 31.12.22 Maiiag7eiiieiil & Adiii iii istratioii No eiiii)loyees received einoliiineiils iii excess of £60,000. coiitiiiiied.
Ta r Isteach Lt(I Notes to the Financial Statements - coiilinue(I for tlie Ye'ir En(leil 31 December 2023 TANGIBLE FIXED ASSETS Fixtures aiid filtiiigs COST At l Jai)Iiary 2023 aiid 31 Deceinber 2023 46,663 DEI)RF.CIATION At l Jaiiliary 2023 Cl)arge for yeai. 45,193 490 Ai 31 Deceiiiber 2023 45,683 NET BOOK VALUF. Al 31 Decciiiber 2023 980 Al 31 Deceiiibei. 2022 1,470 DIB'foiis: AMQUN'fs FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 TEO Coii)Iiiiii)ities iii Transitioi) Viiie - Norili Bel t'ast Area 25,247 7,709 8,625 33,872 7,709 10. CIIEDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31,12.23 31.12.22 Acci'iials 2,713 2,436 ANALYSIS OF NET AS.SETS BETWEEN FUNDS 31.12.23 Total fLiiids 31.12.22 Total fliiids Uiirestricted Reslricted fiiiids rliiids Fi,xed as%el8 Ciirreiit assets Curreiit l iabil ities 980 94,493 980 163,130 (2,713) 1,470 153,068 (2,436) 68,637 (2,713) 65,924 9S,473 161,397 152,102 18 coiitii)iied.
Tai. Isteach Ll(I Notes to the Finaiicial Statements - continued roi. the YeAI' En(Iccl J l Dcceiii bcr 2023 12. MOVEMENT IN FUNDS Nel i)ioveiiieiit iii luiids At 31112123 At 111123 Un restri¢tc(I fuii(Is Geiieral fiiiid 55.747 10,177 65,924 Restj'icteil fuii(Is orMDI,'M - "fEO Capital Grant Aslitoii Bil ildiiigy Positive Belfast C ily Coiiiic il - ReveiiLie Newiii&iloii Holisiiig Nortlieri) I relaiid Holisiiig Execiitive Asliloii Peace IV Viiie- Noi'ili E3elt"ast Area Parlnersl)ip TEO Coiiii)iiii)il ies iii Ti'aiisilioii TEO Ceiitri11 Good Relatioiis 1,470 1,920 7,216 4,811 20,306 16,834 16,014 22,798 4,986 (490) 980 1,920 (7,216) 5,970 (20,306) 16,834 19,251 43,921 6,597 3,237 1,611 96,355 (882) 95,473 TOTAL FUNL)S 152,102 9,295 161,397 Net iiioveiiieiil ii) t"Iiiids, iiicliided ii) Ilie above are as follows: Incoiiiiiig I'es0111'ces Resoiirccs expei)ded Movci)ieiit iii fLiiids Uiirestrictc(I fuii(Is Geiiei'al l iiiid 13,094 (2,917} 10,177 Res¢rietc(I fiiii(Is orMDFM - 'I'LO Caiiilal Grant Be I fiisl City Coiiiicil - Reveiiiie Neiviiigtoii Hoiisii)g Norllierii I relaiid HoLisiiig Execiilive Viiie- Nortli Belt"ast Area Partiiersliii) TEO Coiiiiiiiiiiities iii Ti'aiisitioii TEO Ceiitral Good Relatioiis (490) (28,543) (9,191) (29,906) (19,554) (98,803) (23,486) (490) (7,216) 21,327 10,350 9,600 22.791 119,926 25,097 (20,306) 3,237 21,123 1,611 209,091 (209,973) (882) TOTAL FUNDS 222,185 (212,890) 9,295 19 coiitiiiiied.
Tai. Isteach Ltd Notes to the FinanciAI Stateiiieiits - coiitiiiue(I for the Year Eiicled 31 Dccenibei" 2023 12. MOVEMENT IN FUNDS - continued Coniparatives for moveniciit in funds Net iiioveineiil iii fLiiids Al 31112122 Al 111122 Uiiresli'icte(I fuii(Is Geiiei'al fLiiid 52,450 3,297 55,747 Restriclecl funds OFMDFM - TEO Capital Gratit Asliloii Bli ildii)gi Positive Bel fiist C iiy CoLlI)Lil - Reveiiiie Neiviiigtoii Hoiisiii Noi'll)erii li'e l<?iid Flousiiig Executive Aslitoii Peace IV V iiie- Norili Belfast Area Partiiersliip TEO Coiiiiiiiiiiities iii Traiisilioii Be Ifast City Coiiiici I Coiiiiiiiii)ily 01)iii.8 Coiisii Iiiii Covi(I Co Op Ii'elll 1)d 'rLO Cciilral CJOO(l Rc1<21ioiis 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 20 coiItillLied.
Tar Istoacli Ltd Notes to the Financial Statements - continued for tlle Year Eiidc(131 December 2023 12. MOVEMENT IN FUNDS - continued Coiiipai'ative iiet iiioveineiit iii fiiiids, included iii tlie above are a5 fol loivs.. iicoiiiing resoiirces Resolirces expeiided Moveiiieiit iii fui)ds Unrcstricte(I funds Geiieral fiiiid 8,706 (5,409) 3,297 Re51ricted fiin(Is orMDI-, M - I'LO Capital Graiil Belfast City Couiic il - Reveiiiie Newiiigloii Hoiisiii Noi'ilierii Ii'elai)d Hoiisiiig Execiitive Asliloi) Peace IV Viiie- Norili 13el fast Area Parliiersllip TEO Coininiiii il ies iti Traiisitioii Bel f'asl City Coiiiici I Coiiiiiiiiiiity Coi)iiis Coiisii Iiiiig Covid Co Op Irelaiid I'EO Ceiitral (iood Relatioiis (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 TOTAL FUNDS 260,638 (242,726) 17,912 13, CONTINGENT LIABILITIES A coiitiiigiei)t l iabil iiy exists to repay gi'aiits received slioii Id cerl(2iii coiiditioiis iiot be lil Itll led by tlie cliai'ily 14. REI LATF.D PARTY DISCLOSURES Tliei'e wei'e iio I'elated party traiisactioi)s for tlie yeai. elided 31 Deceiiiber 2023. Ifj. WINDING UP Evel'y iiieiiiber ot" Ilie Coiiiiiaiiy iiiidei'liikes to coiitriblile to tlie assets of tlie Coiiii)aiiy, iii tlie eveiit of the saiiie bciiigi ivoiiiid lip ivlii le it is a Ineinber, or wilhiii orie year after il ceases lo be a Imeinber, foi. payineiit of tlie debts aiid l labilities of Ilie Coiiipaiiy coiilracted before it ceases to be a iiieiiiber, ai)d ot" tl)e costs, cliarges aiid expei)ses ot iviiidiiig LIP, aiid for tlie adjiisliiieiil of11)e riglits of tlie contribiilor's ainoiigy Ilieiiiselves, siicli aiiioiiiil as iiiay be reqiiired iiol exceediiig oiie i)oiiiid. 21 coiitiiiiied.
Tai. IsteAcli Ltcl Notes to the Financial Statemeiits - continued roi. the Year li n(leil 31 Deceiiilier 2023 16. SHARE CAI)ITAL Tlie Coiiipaiiy is Liiiiiled by Giiaraiilee aiid lias iio Sliare Capital 22
Tar Isteach Ll(1 Delaileil Statemeiit of Financial Aetivities foi. the Yeai. r. decl 31 Deceiiibcr 2023 31.12.23 31.12.22 INCOME AND ENDOWMENTS DonAtions a ii(I legacies Doiiatioiis riiiid Raisiiig Eveiits 4,548 5,410 1,294 2,800 9,958 4,094 Other trading Iictivities Uilisoii Give As Yoii Live Aiiiazoii Siniles 3,100 16 20 4,550 50 12 3,136 4,612 Cliiirituble activities Graiils 209,091 251,932 Total iiicoiiiiiig rcsoiii'ces 222,185 260,638 EXI'ENDITUIIE Clithritllble Hctivities Gross Salaries Ei)11)loyers N IC Peiisioiis Iiisiii'aiice LigTlIl ai)d l)eat Telei)lioiie & I"I' Priiiliiig, Poslagie & Stalioiiery Sliiidries ',2iiiiiigF Coiirses aiid Worksliops Rciit aiid Veiiiie Hire Rei)airs aiid Maiiileiiaiice Af'tilialioii Fees & Coiifei'eiices Fiiiiday aiid Oiitiiigs Dii'ect Pi'ojecl Exi)eiises Pi'of¢ssioiial Fees Baiik cliai'gles Depii ot. Fi,Itiii'Ls & Filliiigs 140.856 8,856 1,470 3,418 5,014 2,478 2,046 232 149,832 10,336 3,027 6,779 2,061 2,170 13 8,400 12,000 1,520 472 6,427 19,481 16,960 12,000 1,307 591 5,649 19,554 5,660 389 490 490 210,010 240,379 Tliis page does iiot foriii parl of tlie stalutory fiiiaiicial slateiiients 23
Tar Isteach Ltd Detaile(I Statei))ent of Fiiianeial Activities foi. the Year Enile(131 Deceiiibei. 2023 31.12.23 31 12.22 Supi)orl costs Governance costs Accoiiiitai)cy fees Iiidependeiit Exain iiiers Fees 2,280 600 ,847 500 2,880 2,347 Total I'esoiii'ces expeiided 212,890 242,726 Net inconle 9,295 17,912 Tliis page does tiot forin part of the slatiitory fiiiaiic ial statei)ieiils 24