REGISTKRED COMPAf4Y NUMBLH: N1047243 (Northern IrclAnd) REGISTERED CHARITY NUMBLR: r41C100049 rt of the Truste¢s nd Unaudited Fillntil Statemtnts lor the Yewr Ended JI De¢ember 2025 for Tr l$teeh Lid l.imited b . Gur*Dtee Acom Lynn. Drake & Co Lid Chartered Accountants 1st Floor 34 B-D Main Streei Moira Co. Armagh BT67 OLE
Tar Isteach Ltd Contents of tbe Financial Statements for tbe Ye4r Ended 31 December 2025 P•ge Reference and Administrative Details Report Df the Trustee5 Independent Examiner's Report Statement of Fillaneial A¢tivhties io Statement of Financi41 Positioll Note5 to the Fillallcial Statements 13 10 22 Detailed Statement of Financial Activities 23 to 24
T4T Iste•eh Ltd Reference And Administrative Details for the Yegr Ended 31 December 2025 TRUSTEES R Mccallum J O'Hagan COMPANY SECRETARY J Doherty REGISTERED OFFICE 244 Antrim Road Belfast Co. Antrim BT15 2AR REGISTERED COMPANY NUMBER N1047243 INorthern Ireland) REGISTERED CHARITY NUMBER NICI 00049 INDEPENDEwf KXAMINER Lynn. Drak¢ & Co Ltd Chartered Accounlonts I st Floor 34 B-D Main Sir¢¢t Moira Co. Armagh BT67 OLE
Tar Istcach L¢d ort of the Trustees for the Year Ended J l December 2025 The trustees who are also directors of ihe ¢harity for th¢ purwses of the Companies Act 2006. present iheir r¢wrt with the financial statements of ihe charity for thc year ended 31 tk¢ember 2025. The trustees have adopted the provisions of Accounting and Reporting by Chariti¢s= Statement of Recommended Practice applicable lo charities preparing their accounis in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) {eff¢clive l January 2019)-
Tr Iste)ieb Ltd ort of the Trustees ror the Yer Ended 31 December 2023 OBJEcfivF.S AND ACTIVITIES Objectives *Dd gimj The ain and objeciives of Tar Istea¢h are io attain equality, inclusion. full citizenship and emotional well-being for Republican Ex-Prison¢rs and their families in North Belfast through th¢ provision of Advice. Counselling, Emotional support. Youth Provision. Training & Educalion. However. the group is totslly inclusiv¢ and is part of community developmenl network of North Belfast Working to improve social and e¢onomic conditions. No on¢. no matter what iheir ba¢k8round is evcr turned away. It also Carries out research. lobbies, and advocales on equality of rights and opportunities. The principal activities are provision of quality servi¢es for all ages within communilies of north Belfast which are socially and economically disadvantaged through activiti¢s that womot¢ the public kn¢fit: Welfare RightslBenefits Advice Servi¢¢ on all aspects of welfare rits benefits, housing, debi and money maTragement, h¢alth and disability, bereavemenl SUPPOrt and pathways to employment advice. Counselling and Emolional SupFrf)rt S¢rYtce. for all aspecl of mental and emotional health and well-being. Youth Development Trainin& Education and Ernploymeni Guidance Good relations programmes. promolin8 tTUSi. tolernnce. and rpect for diversity. The servi¢cs ter for all those in need no matter what their ¢ommunty background. The groups sin¢e its inceplion is committed to community developmenL promoting peace and conflict tTansfomialion, improving cross community working r¢lationships. equality. and social jusiice for all. ORGANISATIONAL OWEcrtVES The Group is established for the advancement of education, Ihe relief of poverty. the relief of unemployment and to promote the protection and preservation of health among ¢x-prisoners and their families in North Belfasl and its environs and in particular= - To provide counsellin& emoiional support. training and education for ex-prisoners and iheir familie& and practical support to such families which arc in need as result of their economic or social cir¢umstances. - To organise recreational. educational and other leisure-time a¢tivilies in the interests of social welfare for the ex-prisoners and their families. - To provide information, traintng and practical SUPFrf)rt to charitable ex-prisoners, community groups in the area ofbenefil in an cffort io incrcase iheir effeciivcness and efficiency. PUBLIC BENEFIT The truslees beli¢ve that the OTganisalion provides a public benefit through its efforts lo attain equality, inclusion. full citizenship and emotional well-being for Republi¢an Ex-Prisoners and Ih¢ir families. The group is also tolally inclwsive in promoting ¢ommunity development and improving social economic conditions. The tn15tees are fully aware of the guideline5 from the Charity Commission for Northern Ireland to comply with the Charities Act (Nl) 2008. They havc complied wilh their duly under section 4(6} of ihe Charities A¢1 (Northern Ireland) 2008 to have regard to the Charity Commission for Northern Ireland's guidance on public benefit and that the public benefit requiremeni has infomied th¢ activities of the charitable company in Ihe year ending 31 De¢ember 2025.
Tir 151eacb Ltd rt of the Trn5tees for the Year Endtd 31 Deeember 2025 ACHIEVEMF.NTS AND PERFORMANCE Chairit#ble *¢livitie5 Working in partn¢TShip with community, slatutory. business and )lItiCal representatives w¢ engage and coopera1¢ with advice services. 5UPPOrt services, ¢ommunily groups and tx)dies across North Belfast that are addressing need and promoling good community relations. equal opwrtunities and challenging dis¢riminalton. Working with local community groups and statutory tM)dies a series of cvents and activilies were run out aim¢d at promoting good relations and reconciliation. Many thousands of people used our servic¢s or attend our events each year. Working in partnership with community. Statutory. business. and political representatives w¢ ¢ngag¢ and cooperal¢ with advi¢¢ servi¢es, suprM)rt services, community groups and tN)dies across North Belfast thai are addressing nced and promoiing good community relations, equal opw>rtunilies and challenging discrirnination. Tar Isteach atternpts to addte&s needs and social exclusion by its supw>rt servi¢e4 by inforniin& by guidance. and by internal and exiernal referrals systems linked to community networks and statutory bodies and agenci¢s. - Tar Istea¢h is a member of several partnership5 providing services and organi5ing ¢ommunity activities ift north Belfasl. Tar Islcach relics on beneficiaries and users to support the organisallon. Local people volunteer. assist and participate in our ¢v¢nls. Local pcople volunteer in our offices. at our evenls and activities. Our group holds infomialion sessions and give pres¢ntalions and inforniation on the welfare system and weifarc reform to the local cotnmunily. - Hundreds of par¢nts and children attended our community events each year and volunteer to supervise and steward. - Our AGM is well attend¢d. We provide and distribute infomiation on all aspects of benefit& training opportunities, employment, counsellin& and health promotion. - Our building is considered safe, welcomin& and comfortable, it services arc used by people from all sections of society here. Young people use our premises and facilities for their aclivilie5 aThJ leamin Access to the w¢lfare system and enliilemenls 15 crucial for oPle struggling io managc. Wclfare rights advice is a key element in a multi-faccied and multi-agency respons¢ to ]x)verty, social and economic deprivation. The largesl prowrtion of advice is delivered face-to-face but we also provide home visits and telephone advice. Our service provides the advice and support that ensures individuals and families secure the necessities, by helping them to access all benefits. secure their housing needs, ensurc representation al appeals &nd delivering moneyldebt advice. Tar Isicach helps individuals improve their quality ol life and ¢nables them to contribute to the ¢¢onomic infrastru¢ture within their communitie5. Many of our clienls are of advanced age and lived throughout the conflict. Therefore. agein& disability. health and well-bein& trauma and transgcneraiional trauma are also deriplOrS for th¢ impact of conflici in peoplc's lives. Many of those who Come to Tar Isl¢ach for SIstance fall into Ihese categories. In 2025 our advice service seen in excess of 2000 people and dealt with more than 8000 queries. Almost £2 rnillion was s¢¢ured in benefits and ¢ntitlements for clients. The majority of ils clients are in poor physical or mental health, disabled, afflicied by the ¢onfli¢t, carers. the ¢lderly, peopl¢ struggling to cope financially.
T9r Iste8¢h Ltd Re rt of the Trusttts ror tbe Yt4r F.nded JI December 2025 Tar Isteach is a community-based organisation that provides family support services and assistance in response to issues of poverty, disadvaniage, ill health. cxclusion. and isolalion. This includes Welfare RightslBenefits Advice, Counselling and Emotional Support. youth support, and 5UPPOrt into trainin& education, and employment. The gTOUP is Committed io community development, promoting pea¢¢ and ¢onfli¢l Iransforn)alion, improving cross community working relationships, equality, inclusion, and social justice for all. It advo¢at¢s, lobbies and Campaigns on issues of equality and inclusion for polilical ex-prisoners and their familics. including legacy issues of intergenerational dtscriminations. As members of ihe cross communily North Beif&st Advice Partnership* we have access to specialist advice via the Belfast City Wid¢ Tribunal Service. The NBAP is playing a lead rol¢ in maintaining and updating of the advice services of each of its membcrs. By modernising and innovaiing we intend to ensu the servic¢s offered to the public is accessible. eiCIent. effective, and relevant in 2025 and beyond. Couttselllng and F.motlonal Support Serylte Counselling and emotional SUPFK)rt also re5nains as a vcry important element in redressing the impacl of the ¢onfli¢t and issues such as traum< loss. r¢lationship dIlculties, maladaptive behaviours- issues that disable and prevent full social and economic participation and iniegralion. The incrcasc in demand is being m¢1 by face to fa¢e. phone. and video. The service h&5 maintsined its network of referral pathways and working partnerships with all relevant health. statutory and community SUp)rt s¢rvi¢¢s across north Belfast and yond. Prornoting Individual & Community DeYtlopmeDt Promoting Peace & Conflict Transforniation. Improving Cross Community Working Relalionships. Advocating for Equality and Social Justice for all. We continued to provide Good Relations Programmes. workshops. and conferences throughout the year. People of all ages and backgrounds participated in a series of workshop5. ¢onferen¢es. trnining courses. and educational courses. These activities are made wssible due to ihe supp)rt of our SFMinsors, the local ¢ommuniiy. our volunteers. and our partnerships with like-minded organisation such as. Coisle na n-larchiml, Ashton Community Trust, thc Greatcr New Lodge Community F.mpow¢rment Partnership, Tar Anall Training and Employment, EPIC, Tra Gr4 the Housing Executive. the North Bclfasl Snl¢rface NetworK the North Belfast Christian Fellowship, The Executive Office. Newington Howsing Association. Copius Consulting. and Time Associates FINANCIAL REVIEW Financigl positlOD The company had net outgoing resources for the year of £531 (2024 nei outgoing resourc¢s of £22,531). which reflected the completion of a T]umber of projects during the year. Unrestricted funds increased by £24,322, whilc resiri¢led funds dccreased by £24.853. Reserves policy The Charity's Policy is to retain a Icvel of reserves, which matches the need5 Of the organisalion both al the current lim¢ and in the foreseeable future. The charity has developed a plan to establish and maintain this agreed level of reserves. The charity will continue lo monitor compliance with this policy on a regular basis and the Board will review the appropTiatene5s of the lleY annualty.
Tar l$teach Ltd rt of the Trnstees for ¢ht Year EDded 31 December 2025 FUTURE PLANS The Tar Isleach strategic Plan is inlended to provide the organisalion with future direclion over the next 3-year p¢riod from 2025. Our strategic goals will deternline the services. proErammes, and projects we deliver. Our outcome-based approach in our work will provide a basis by which we can judge our success in our delivery. Each aim 15 SUPPOrted by a series of outcomes which specifies the changes we want to see, the difference we want lo make. It sets out our goals and how we will hl¢ve them. These Strategtc Aims will be achieved through operaiional objectives. Overall, our strategy is underpinned by our Mission and Values which drives all that we do. Tr ¢OT¢ areas of our work are defined as.. Individual and Family Support Services - Community Development Promoting Equality of Rights for All Promoting Peace and Reconciliation - Organisaiional Lkv¢lopment Trefore. Ihe strategic aims of Tar Isieach reflect these areas as follows.. Sirntegic Aim I To achieve th¢ vison of equality and full citi7£nship rights for everyone. Strategic Aim 2 To provide high quality and accessible support serviccs for all. Strategic Aim 3 To provide OprtunItieS for p¢opl¢ of all ages lo ¢ngag¢ in person81 and s181 development aclivities and to leave a legacy for the community. Siraiegic Aim 4 To provide opportunities for peopl¢ of all ages and backgrounds to participate in activities that promote good relations and reconciliation in safc and comfortable shared space5. Straiegic Aim 5 To be a 'fit for purp)s¢' organisation that strives to continually develop and dcliver high quality service provision. STRUCTURF., GOVERNANCE AND MANAGEMENT Governing do¢um¢llt The charity is Controlled by its governing do¢umenL a deed of trusL and conslitute5 a limited company, limited by guarantee, as defincd by the Companies Act 2006. Recrnitment appointment of new tnLslees The method used to rccruit new Iruslees onto ihe IM)ard is that of the IM)ard networking through their own contacts. lo find someone who fits the necessary requiremcnl ai th¢ lime.
Tar Isteach Ltd
Report of the Trustees fr the Year Ended 31 December 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charitable Status and Registration
Tar Isteach was registered with the Charity Commission for Northern Ireland on 2nd April 2014. Its Charity number is NIC 100049.
Risk management
The principles of good governance are embedded within all aspects of Tar Isteach's operations with management and staff being keenly aware of the Boards responsibility of ensuring that the organisation protects itself from financial exposure and reputational damage, A close working relationship is maintained between the Board and management to ensure that operationally staff are aware of the standards required of them by the Board and the Board are always in a position to provide guidance and support to management in the discharge of their duties. This two-way relationship is the key feature of Tar Isteach governance arrangements and is a key strength in the company.
A conscientious approach to ensuring that contractual project requirements are achieved has been maintained at all times both in the accounting period being reported on and since Tar Isteach establishment. Very tight financial controls on expenditure and all financial commitments are maintained at all times and project staff have been trained and have become experienced in budgetary controls. In both these areas ie Project delivery and financial controls management all staff have established close working relationships with funding organisations to ensure all mandatory standards are consistently achieved. Board representatives also actively engage with funding bodies.
The Board, management and staff are fully aware that the nature of the work in which Tar Isteach is involved can bring with it a high level of scrutiny to ensure that all activities are fully compliant with funding requirements and, therefore, beyond reproach. The Board of Tar Isteach is, therefore, greatly reassured of the company's compliance with the highest of standards of governance on the basis that all monitoring and evaluation of project delivery demonstrates achievement of all funders objectives and that funders' audits and vouching of financial expenditure and the independent examiners report confirm compliance with both probity and regularity in the use of monies received.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Tar Isteach Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
7
Tar 1g¢each Ltd rt of ihe Trustees ror the Year Ended 31 December 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES- ¢onlinued The Irustees are resw)nsible for keeping proper accounting records which disclose with reasonable accuracy at any lim¢ the financial position of the charitable company and io ¢nable them to ensure Ihat the financial statements comply with the Companies Act 21106. They ar¢ also r¢spon5ible for safeguarding th¢ ussets of the charitable ¢ompany and hence for taking reasonable sieps for th¢ pventIOn and delection of fraud and other irregularities. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the ix)ard of trustees on 27 April 2026 and signed on its behalf by: J Doherty- Secrctary
Inde Ddent Examiner's Re Tor l$tea¢h Ltd I report on the accounts of the company for the year ended 31 December 2025, which are set out on pages ten to twenty two. rt to the Trustees or Respective responsibilities of ¢harity ¢rnstees and examioer A5 the charity's trustees (and 8150 the directors for Ihc purposes of company law) you are responsible for the preparntion of the accounts in accordance with the requirements of the Compani¢s Act 2006. Having satisfied my5¢1f that Ihe charity is noi subject to audit under company law and is cligibl¢ for independent examination. it is my reswnsibiliry to: cxamine the accounts under Section 65 of the ChaTitie5 Act follow the pro¢cdures laid down in the g¢n¢r21 Directions given by the Charity Commission for Northern Ireland under S¢¢tion 65(9Xb) of ihe Charities Act sthte whether particular matters have com¢ to my attention. B#sis oftbe independent eUmine9 report I have examined your charity accounts as required under Se¢tion 65 of the Charities Acl and my examination was ¢arri¢d out in accordance wilh the general Directions given by ihe Charity Commission for Northern Ireland under Scciion 65{9Xb) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of th¢ ac¢ounts presented with those records. It also included consideration of any unusual ilem5 or disclosures in the accounts. and seeking explanations from you as charity trust¢es concerning any su¢h malt¢rs. My role is lo state wh¢ther any material matters have come to my attention giving me cause to lieVe= That ac¢ountin8 r¢¢ords wer¢ not kepl in accordance with Section 386 of the Companies Aci 2006 That the account5 do noi accord with those accounling records That the accounts do not ¢omply with lh¢ a¥counling requir¢m¢nts of Se¢tion 396 of the Companies Act 2006 and with the methods and principles of the Charities Staiemenl of Recotnmended Praciice applicable to ¢hariti¢s preparing iheir accounts in a¢cordanc¢ with the Financial RertIng Stsndard applicable in the UK and Republic of ITeland That there is further infomation n¢eded for a proper underslanding of the accounls to be reached. IDdependenl examiner's st&tement I have iomplel¢d my examination and have no concerns in respe¢t of the matters ( l ) to {4) listed above and. in connection with following the Directions of the Charity ComTllis5ion for Northern Ireland. I havc found no matters ihal require drawing to your attention. Billy Drake Lynn. Drake & Co Ltd Chartered Accountants 1st Floor 34 B-D Main Str¢et Moira Co. Amiagh BT67 OLE 27 April 2026
Tar Istexeh Lid Stalement of FinaDcial Activiti Incor oratiD ¥rt lttcome and Ex diture Af¢ount for the Year Ended 31 De¢ember 2025 31.12.25 Total funds 31.12.24 Toi81 funds Unreslricled Reslri¢i¢d funds fund Notes INCOME AND ENDOWMENTS FROM Donalions and legaGies 21,691 21.691 7.638 Charltble aetlvities Grants Receivable 210.174 210.174 186.345 Other trading activiti¢s 2.867 2,867 2.900 Total 24.558 210,174 234.732 196.883 EXPF.NDITURE ON Chritable *ctivities Direct Charitable expenses Governance Cosls 236 231,873 3.154 232.109 3,154 216.380 3,034 Totol 236 235,027 235.263 219.414 NET INCOMFJ(EXPENDITURE) 24.322 (24,853) (531) (22,531) RECONCILIATION OF FUNDS Total funds brought forward 24.503 114.363 138,866 161.397 TOTAL FUIYDS CARRIED FORWARD 48.825 89,510 138,335 138.866 Th¢ nol¢s forni part of these financial $thments 10
Tar 15teach Ltd Statement of Fin40¢ial Posltion 31 Deeetnber 2025 31.12.25 31.12.24 Notes FIXF.D ASSETS Tangible assets 490 CURRENT ASSETS Cash at bank 141.941 141.271 CREDITORS Amounts falling due within one year (3.606) (2,895) NET CURRENT ASSETS 138,335 138,376 T()TAL ASSETS LESS CURRENT LIABILITIES 138.335 138,866 NET ASSETS 138,335 138.866 FUNDS Unrestricted funds Reslricted funds 48,825 89,510 24,503 114,363 TOTAL FUNDS 138,335 138.866 The charitable company is entitled lo exemption from audit under Section 477 of lh¢ Compani¢s Aci 2006 for the year ended 31 December 2025. The members have not required the company lo obtain an audil of its financial statements for the y¢8r ended 31 December 2025 in accordance with Section 476 of the Compani¢5 A¢t 2006. The trustees acknowledge their responsibilities for (a) ensuring Ihat the charitable company keeps accounting records ihal comply with Section5 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the st8* of affairs of the charilable company as at the end of each financial year and of its surplus or deficit for ¢ach financial year in accordance with the r¢quirem¢nts of Sections 394 and 395 and which otherwisc comply wilh the requirements of the Companies Aci 2006 relating io financial staiem¢nts, so far as applicable to the ¢haritabl¢ Company. The notes fom) part of these finan¢ial slatements conlinued...
ar Isteach Lld Stat ment fFinancia 31 D¢¢etnber 202S These financiai statements have been prepared in accordance with the provisions applicable to charitable Companies subject to the small companies ryrn¢. The financial statements were approved by the Board of Trustee5 and authorised for issue on 27 April 2026 and were signed on its behalf by: R McCa]lum - Trustee J (YHagan- Trustee The notes form part of these finan¢ial statements 12
TAr Iste¢h Ltd Notes to the FinAncig1 Sigtements ror the Yer Ended 31 December 2025 ACCOUNTING POLICIES B49is of preparing the finAn¢ial statements (a) Genernl information and basi$ of preparation Tar Isteach is Constituted a company limTted by guarantee incorwrat¢d in Northern Ireland (N1047243). In the evenl of the charity being would up. the liability in respect of the guarantee is limited to £1 per member of the charity. The charity constitutes a publi¢ benefit eniity a5 defined by FRS 102. The financial statemenls have been prepared in accordance with Ac¢ounting and Reporting by Charities.. stsiement of Recommended Practice applicable to chariiies preparing their accounts in accordance with the Fin&ncial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). the Financial Rcporting Standard applicable in the United Kingdom and Republic of Irclawhd (FRS 102), the Charilies A¢t (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. The financial statements are prepared on a going ¢onc¢rn basis under the histori¢al cost convention. modified to include Certain items at fair value. The financial slalements are presented in sterling which is the funclional currency of the charity. The Significant accounting wilicies appli¢d in the preparation of th¢s¢ financial stat¢m¢nts ar¢ set out below. These wlicies have bcen consistently applied to all year5 pre5entcd unless Otherwise slated. {b) Funds Unrestricted funds are available for use al the dis¢r¢tion of the Irusl¢es in furtherance of the general objectives of the charity and which have noi becn designaied for oihcr purposes. Designated funds COTnprise unresiricted funds ihat have been set aside by ihe trustees for particular purposes. The aim and use of each designat¢d fund are set out in the notes to the financial ststcments. Restricted fund5 are funds which are to b¢ used in accordance with specific restrictions imposed by donors or which have been raised by the chariiy for particular purposes. Th¢ cost of raising and adminislering such funds are charged against th¢ specifi¢ fund. The aim and us¢ of each restricted fund are set out in the notes io ihe financial statements. rurther explanation of the nature and purpose of each fund is includcd in the notes lo the financial statements. (e) Income rrtO8llltio All incoming re50urccs are included in ihe Stat¢menl of Financial Activities {SoFA) whcn the ¢harily is legally eniiiled io the income after any perforniance condilions have been met. the amounl can be measured reltably. and il is probable that the income will be received. 13 continued...
T•r 1stech Ltd Notes to the Fillancigl Statements - Continued for the Yer Ended 31 December 2025 ACCOUNTING POLICIES- eODtinued Bsis of preparing the fin4Dcial sttements For donations io be r¢cognis¢d ihe charity will have been nolified of the amounts 2nd the settlement date in writing. If there are conditions attached io the donation and this requires a level of perforn]ance before eniiilement can be obtsined. then income is deferred until those condition5 are fully met or the fuifilment of those ¢ondiiions is within the control of the chariry and li is probabl¢ that they will b¢ fulfilled. Voluntary income is received by way of grants, donaiions and gift5 and 15 included in full in the Statement of Financial A¢tivilies (SOFA) when rec¢ivable. In¢ome r¢c¢ived from collections is Tecognised when received. Donated facilities and donated professional services are recogni5ed in income at their fair value when their economic benefit is probable, it can b¢ meured reliably, and lh¢ charity control over the item. Fair value 15 d¢lemiined on the IMSIS of the value of ihe gift lo the ¢harily. For exampl¢. th¢ atnount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is r¢cognis¢d in expenditure. No amount is included in the financial slatements for volunteer lime in line with Ihe SORP (FRS 102). Further detail 15 given in the Trustees, Annual Report. For legacies. entitlement IS the earlier of the charity being notified of an impending distribution or the legacy b¢ing received. At this poinl in¢ome is recognised. On occasion legacies will be notified to ihe charity however it is not sSIble to measure the amounl ex[£ted io be distribuied. On these occasions, the legacy is treated as a contingenl assel and di10$¢d. Income from irading activities includes income earned from fundraising events and trdding activities to rais¢ funds for the Charity. Income is received in exchange for supplying good5 and services in order to raise funds and is reco8ni5ed when enliilement has cUrred. The charity receives government grants which arc detailed within the noles to these financial statements. Incom¢ from governmenl and other grants are recognised at fair value when th¢ charity has entitlement after any perfomiance ¢onditions have been meL it is probable that the income will be re¢¢iv¢d, and Ihe amount can be measured reliably. Jf entitlement is not meL then these amounts are deferred. (D) Expendi¢iure re¢ognitioD All expenditure is accounled for on an arualS blsis inclusive of VAT which cannot be re¢overcd and has been ¢Ilfied under headings that aggregaie all costs related to the cat¢gory. Expenditurc is recognised where ihere is a legal or constructive obligation lo make paytnents lo ihird parti¢s, it is probable that the settlement will be required. and the amount of the obligalion can b¢ measured rcliably. It is categorised under the following headings-. Costs of raising funds includes the costs associated with attracling voluntary incomes. Expenditure on charitable activities includ¢s those costs incurred by ihe charity in the delivery of its activities and service5 for its beneficiaries. It includes tM)th costs ihat can be allo¢ated directly to such aciivitiC5 and those cost5 of an indire¢t nalure nec¢ssary to support them; arkd Other expenditure represents those items not falling In ih¢ cai¢gories above. Irrecoverable VAT is charged as an expense againsi the activity for which expenditure arose. 14 continued...
Tr Isteach Ltd Notes to the Financial Statements - ¢ontinued for the Year Ended 31 December 2025 ACCOUNTING POLICIES- continued Bas of preparlng the financigl statements Grants payable to third parties are within the charttabl¢ objectives. Where unconditional grants are offered, this is a¢¢rued as 500n as the recipieni is notified of the grant. as ihis gives rise to a reasonable expectation that the recipieni will receive the grants. Where gTants are conditional r¢l&iin8 to perfomiance then the grdnt is only accrued when any unflFilled conditions are outside of the control of the charity. {e) Support costs allocation sUprt costs are those that assist the work of the ¢h8rity bui do not direcily represent Charilablc activilies and include olCe ¢osts. governance costs, adminislrative payroll costs. They are incurred directly in support of expenditure on the objects of the Charity and in¢lude project management carried out ai Headquarters. Where suppon costs cannot be direcily attributed lo particular headings th¢y have been allocated to Cost of rdising funds and expenditure on charitsble activities on a basis consistent with use of the resour¢es. Premises overheads have ken allo¢aled on an insert detail basis and other overheads havc bcen allocated on a basis consistenl with the use of resources. Fund-raising costs are ih05c incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the ¢harilable a¢tivities. (Q Twngible flxed sstlJ Tangible fixed &ssets are 5taied ai c05t less accumulatcd depreciation and accumulated impairment losses. Cost includes costs directly attributable io making ihe asset Capable of operating as intended. tkpreciation is provided on all tangible fixed assets. al rales calculated to write off the cost. les5 estimated residual valu¢. of each asset on a systematic basis over its expected useful life as follows= Fixur¢s & Fittings - 200/• Straighi Line (g) Debtors and ¢redltors re¢eivAble I pyble wl¢hin one yur Debtors and creditors with no stated interest rale and receivable or payable wiihin one year are ord¢d at transaction price. Any losses arising from impainnent are recognised in exndIture. (h) Imp*irnient Assets not measured at fair value are reviewcd for any indication thai the assei may be impaired al ¢ach balance she¢t date. If such indicalion exists, the recoverable amount of the asset. or the a5sel's cash generating unit. is estimated and compared io the carrying amounl. Where the carrying amount exceeds its recovcrable amount, an impaimieni Ioss is recogniscd in profit or loss unless the asset is carried at a revalued amounl where the impairnient loss is a Valuation dreaSe. (i) Provisions Provisions are recognised when the charity has an obligation ai the balance sheet date as a resuli of a past ev¢nl. it is probable that an ouiflow of economic benefits will required in settl¢ment and the amount can b¢ reliably estimat¢d. 15 ntinued..
Tr 1st¢ Ltd Note5 to the Financial Statements - continued for the Yer Ended 31 December2025 ACCOUNTING POLICIES- continued B*$is of preparing ibe finan¢i41 statements ti) Leases Assets acquired under finance l¢as¢s are capitslised and depreciated over the shorter of the leas¢ temi and th¢ exp¢cled useful lifc of the asset. Minimum lease paymenis ar¢ apportioncd between the finance charge and the reduclion of the oulslanding lease liability using the effective inteTeSt method. The r¢lated obligations. net of fulure finance charges, are includ¢d in creditors. Rentals payable and receivable under op¢raling le¢S charged to the SOFA on a straight line basis over the period of the lee. (k) Tax No provision is Tequired foT laxalion as the company is defined as a charity for ttion purposes. The charity is a registered charity and so such is ¢nTitled lo cet1ain lax exempiions on income and profits from investments and surpluses on any trading activilies carried on in furtherance of the charity's primary objectives, if these profits and surplus¢s are applied solely for charitable purposes. (l) Going con¢ern The finalaY slatements have tten prepared on a going concem basis as ihe truslees believe that no material uncertainties exist. The trustees have consid¢red the level of funds held and the ¢xp¢ct¢d level of income and expenditure for 12 months from auihori5ing these financial staiements. l-hc budgeted income and expenditure are sufficient wilh the l¢vel of reserves for the charity lo be able lo continue as a going concem. (m) Judgements estimates The following judgements including those involving estimates that have been mad¢ in the process of applying the above accounting policies ihat have had the mosi significant elTect on the amounts recognised in the financial statements and that have a significant risk of causing a material adjustment lo the carrying amounts ofassets and liabililies within the next financial year.. (i) depreciation meihod and asset useful lives The estimates and assumptions are reviewed on an ongoing b&sis considering the current and future market ¢ondiiions. Tax%tion 'I"he charity is a register charity and so such Is entitled to certain tax cxemoions on income and profits from investm¢nts and sury)luses on any irJding activities ¢arri¢d on in furth¢ran¢e of Ihe charity'5 primary objectives, if these profits and surplu5e5 are applied 501ely for charitable Purposes. Fund a¢eountiDg The company h&s various types of fibnds for which it is responsible. and which require separate disclosure. A definition of the various types of funds is as follows: (i) Restricted funds Funds received which are earniark¢d by ihe donor for specific pur5. Su¢h purposes ar¢ within the overall aims of the company. 16 continued...
Tr lsteach Ltd Notes to the Financial StatemeDts- ¢ontintted for th¢ Yer Ended JI December 2025 ACCOUNTING POLICIES- con¢iuued Fund *c¢ounllng (ii) Unrestricted funds Funds which are expendable at the discr¢lion of the dirlor$ which have been designated for specific purp05e5 in furtherance of ihe objects of ihe charity. DONATIONS AND LEGACIES 31.12.25 31.12.24 Donations Fund Raising Events 14.011 7.680 2.818 4.820 21.691 7.638 OTHER TRADING AcfIviTIES 31.12.25 31.12.24 Unison Give As You Liv¢ 2.850 17 2.900 2,867 2,900 INCOME FROM CHARITABLE ACTIVITIES 31.12.25 31.12.24 Activity Grants Receivable Grants 210.174 186.345 Grants received. included in ihe above. are a5 follows: 31.12.25 31.12.24 Belfast City Council- Rcvenue Newington Housing Northern Ireland Housing Executive Vine- North Belfa51 Advice Partnership TEO Communities in Transition TEO Central Good Relations 40.543 1,000 19.956 9.600 23.631 112,243 20,915 37.101 19,565 11.965 210.174 186.345 17 coniinued...
Tar IsteAch Ltd Notes to the Finan¢i41 St*¢tmeDts- Continued ror the Year Ended 31 December 2025 NET INCOMEI(EXPENDITURE) Nel incomel(expenditure} is Stsled after chargingl{crediling)= 31.12.25 31.12.24 Accountancy fees D¢pr¢ciation - owned 2,854 490 2,434 490 TRUSTEES, REMUNERATION AND BENEFITS Th¢re were no trustees, remuneration or other benefits for the year ended 31 Decemb¢r 2025 nor for the year ended 31 December 2024. Trustees, txpeDYLS There were no tTUStees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 Deccmber 2024. STAFF COSTS 31.12.25 31.12.24 Wagcs and salaries sla[ security Costs Other pension costs 144,663 6,740 2.247 150,786 10,282 2.362 153,650 163.430 Th¢ 8v¢rag¢ monthly number of employees during the year was as follows: 31.12.25 31.12.24 Management & Administration No employees received emoluments in excess of £60.000. 18 continued...
Tr 15teach Ltd Notes lo the FinD¢ial Stgt¢ments- continued lor the Year F.nded 31 Deeember 2025 TANGIBLE FIXED ASSETS Fixtures and fittings COST At l January 2025 and 31 De¢ember 2025 46.663 DEPRECIATION At l January 2025 Charge for year 46.173 490 At 31 December 2025 46,663 NET BOOK VALUE At 31 December 2025 At 31 December 2024 490 CREDITORS: AMOUI%TS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Accruals 3,606 2.895 10. ANALYSIS OY NET ASSETS BETWEEIY FUNDS 31.12.25 Total funds 31.12.24 Total funds Unr¢siri¢ted Restricted funds funds Fixed &ssets Current as5¢ts Current liabililies 490 141.271 {2,895) 52.131 (3.306) 89,810 (300) 141,941 (3,606) 48.825 89.510 138.335 138,866 19 continued...
Tar Iste8¢b L¢d Notes to the Financial Stxlements - colltinued for the Year Ended 31 December 2025 11. MOVEMENT IN FUNDS Nel movement in funds At 31112125 At Iiir25 Unrestricted funds General fund 24.503 24.322 48.825 Restricted funds OFMDFM - TEO Capital Grant Ashton Building Posilive Belfasi City Council - Revenue Newinglon Housing Northcrn Ireland Housing Executive Ashton Peac¢ IV Vine- North Belfast Advice Partnership TEO Communities in Transition TEO Central Good Relations 490 .920 4,702 3.054 4,952 16,834 (490) (1.920) 10.203 {741} (4.952) (16,834) 14,905 2.313 7,341 37.423 37,647 6.560 20,968 (37.647) 13,901 58.391 14J63 (24,853) 89,510 TOTAL FUNDS 138,866 (531) 138,335 Net mov¢ment in funds. in¢lud¢d in the a¥¢ are as follows.. Incoming resources ResoUeS expend¢d Movemenl in funds Unrestricted funds General fund 24,558 (236) 24.322 Restricted fuDd$ OFMDFM - TEO Capital Grant Ashton Building Positive Belfasi City Council - Revenue Newington Flousing Northern Ireland Housing Execulive Ashton Peace IV Vine- North Bellast Advice Partnership TEO Communities in TTansition TEO Cenlral Good Relations (490) (1.920) (30,340) (1.741) (4.952) (16.834) (490} (1,920) 10.203 {741} {4.952} (16,834) 40.543 1.000 37.101 119,565 11,965 (30.541) {98,597) (49,612) 6.560 20,968 (37,647) 210,174 {235.027) (24.853) TOTAL FUNDS 234.732 (235,263} (531) 20 conlinu¢d...
Tar Isteach L¢d Notes to the Financial Statements - continued ror the Year Ended 31 December 2025 I I. MOVEMENT IN FUNDS- continued Comparalives for ohovemenl in funds N¢t movement in funds At 31112124 Al 111124 Unrestricted funds General fund 65.924 (41.421) 24,503 Restricted fund3 OFMDFM - TEO Capital Grant Ashton Building Positive Belfast City Council - Revenue Newington Housing Northcrn Ireland Housing Ex¢cutive Ashton Peace IV Vine- North Belfast Advice Partnership TEO Comtnunities in Transition TEO Central Good R¢lations 980 1,920 (490) 490 1.920 4.702 3.054 4,952 16,834 4,702 (2,916) 4.952 5.970 16.834 19,251 43.921 6,597 (11,910) (6,498) 31.050 7,341 37.423 37,647 95,473 18.890 114.363 TOTAL FUNDS 161,397 {22.531) 138,866 Comparative net movement in funds, included in the aiKsve ar¢ as follows.. Incoming resources Resources cxpended Movement in funds Unrestrleted fund$ General fund 10.538 (51.959) (41.421) Restricted funds OFMDFM - TEO Capital Grant Belfast City Council - Revenue Newington Housing Northern Ireland Housing Execulive Vine- North Belfast Advic¢ Partnership TEO Communities in Transition TEO Central Good Relations {490) (15,254) (2,916) (4,648) (490) 4,702 (2.916) 4,952 19,956 9,600 23,631 112,243 20.915 (35,541) (118,741) 10,135 {11,910) (6,498) 31,050 186,345 (167.455) 18,890 TOTAL FUNDS 196,883 (219,414) (22,531) 21 Continued...
Tar Isltaeh Ltd Notes to tbe Financial Statements - continued for the Year F.nded 31 December 202S 12. CONTINGENT LIABILITIES A ¢ontingent liability exists lo repay grants received should certain cotmlitions not be fulfilled by the charity 13. RELATED PARTY DISCLOSURES There were no r¢lat¢d party transa¢lions for the year ended 31 tkcember 2025. 14. WINDING UP Every member of the Company undertake5 to contribute to the assets of ihe Company* in the event of the same being wound up while it is a member. or within one year after it ceases to be a member, for payment of the debts and liabilities of the Company conlrdcted beforc il ceases lo be a member, and of th¢ costs. charges and expenses of winding up. and for the adjustment of the rights of ihe conlributols among themselves, such amount as may be required not ex¢¢¢ding on¢ pound. IS. SHARE CAPITAL The Comparky is Limiled by Guarantee and h&$ no Share Capital 22
Tar Isteach Ltd
Detailed Statement of Financial Activities for the Year Ended 31 December 2025
| Detailed Statement of Financial Activities for the Year Ended 31 December 2025 |
||
|---|---|---|
| 31.12.25 | 31.12.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 14,011 | 2,818 |
| Fund Raising Events | 7,680 | 4,820 |
| 21,691 | 7,638 | |
| Other trading activities | ||
| Unison | 2,850 | 2,900 |
| Give As You Live | 17 | |
| 2,867 | 2,900 | |
| Charitable activities | ||
| Grants | 210,174 | 186,345 |
| Total incoming resources | 234,732 | 196,883 |
| EXPENDITURE | ||
| Charitable activities | ||
| Gross Salaries | 144,663 | 150,786 |
| Employers NIC | 6,740 | 10,282 |
| Pensions | 2,247 | 2,362 |
| Insurance | 3,593 | 3,722 |
| Light and heat | 4,449 | 5,162 |
| Telephone & IT | 3,276 | 2,775 |
| Printing, Postage & Stationery | 4,644 | 4,406 |
| Training Courses and Workshops | 55 | |
| Rent and Venue Hire | 13,625 | 12,250 |
| Repairs and Maintenance Affiliation Fees & Conferences |
413 370 |
389 381 |
| Direct Project Expenses | 46,932 | 22,983 |
| Bank charges | 367 | 337 |
| Depn of Fixtures & Fittings | 490 | 490 |
| 231,809 | 216,380 | |
| Support costs | ||
| Governance costs | ||
| Accountancy fe s Carried forward |
2,854 2,854 |
2,434 2,434 |
This page does not form part of the statutory financial statements
23
T¥r Isteach Ltd Detailed Statement of Financial A£tivilies for tbe Year Ended 31 December 2025 31.12.25 31.12.24 Governance costs Brought forward Ind¢p¢ndenl Examin¢rs Fees 2,854 600 2,434 600 3,454 3,034 Total resources ¢xp¢nded 235,263 219,414 Net expenditure (531) (22,531) This page does not form part of the statutory financial statements 24