COMPANY REGISTRATION NUMBER: N1029207 CHARITY REGISTRATION NUMBER: XR741101100579 Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Unaudited Financial Statements 28 February 2023 S O'NEILL & COMPANY Chartered accountants 14 Main Street Toomebridge Co. Antrim Northern Ireland BT413TQ
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Financial Statements Year ended 28 February 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 10 Notes to the financial statements 11 The following pages do not form part of the financial ststements Detailed statement of financial activities 25 Notes to the detailed statement of financial activities 28
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantse Trustees, Annual Report (Incorporating the Director's Report) Year ended 28 February 2023 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 28 February 2023. Reference and administrative details Registered charity name Toomebridge Industrial Development Amenities and Leisure Limited Charity registration number XR741101100579 Company registration number N1029207 Principal office and registered Toome House office 55 Main Street Toomebridge Co Antrim BT413TF The trustees Mr Henry Marron (Treasurer) Mr John Lavety {Chaimian) Mr James Thomton (Assistant Treasurer) Mr James Woolsey Mr Peter McLernon Mr Kyle Johnston (Appointed 31 October 2022) Company secretary Mrs Una Johnston Independent examlner S O'Neill & Company 14 Main Street Toomebridge Co. Antrim Northern Ireland BT41 3TQ
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarant88 Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year endod 28 Fabruary 2023 structure, governance and management A Company Limited by Guarantee. The Executive Committee present their report and the financial statements for the year ended 28 February 2023. Toomebridge Industrial Development Amenities and Leisure Limited (TIDAL) is a company limited by guarantee, governed by the Memorandum and Articles of Association. The day to day decision making is undertaken by the Development Officer under the guidance of the Chairman. Decisions of strategy and policy making are taken by the full Board of Trustees with financial matters being addressed by the Company Treasurer and Assistant Treasurer as outlined in the Corporate Governance Procedures and Controls Report. It is the responsibility of the Company's Board of Trustees along with the Development Offir to ensure Funders regulations are met and adhered to. Objectives and activities TIDAL is established to promote urban and rural regeneration in the Toomebridge area and its environs. To relieve poverty in such ways as may be thought fit. To relieve unemployment and also assist in finding employment. The advancement of education and training, particularly among unemployed people and providing unemployed people with work experience. The creation of training and employment opportunities by the provision of workspa, buildings andlor land for use on favourable terms. To maintain, improve and provide public amenities. The provision of public health facilities. The protection and preservation of health. To provide recreational facilities for the public at large or those who by reason of their youth, age, infirmity or disablement, povety or social and economic circumstances have need for such facilities.
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 28 February 2023 Achievements and performance NIHE Kiddies Cottage Garden The Kiddies Cottage Garden project. funded by the Housing Executive, emerged as a response to the increasing activity at the Lock Keepers Cottage. Recognising the need for child-friendly spaces. we created an outdoor activity area adorned with blackboard flowers on the walls. Local children actively participated by painting flowerpots and planting, contributing to the vibrant atmosphere. The addition of a wooden boat play area, inspired by the Toome canal scenery, compliments the surroundings and enhances the experience for young visitors. staffing Support TIDAL'S commitment to providing an improved service at the Lock Keepers Cottage was reinforced by a one-year wages grant from the Northern Ireland Housing Executive (NIHEI. This funding facilitated the employment of an additional staff member, ensuring enhanced customer service to accommodate the growing number of visitors. KNIB (Keep Northern Ireland Beautiful) Pollinator Grant TIDAL received a Pollinator grant from KNIB, directing the funds towards enhancing outdoor spaces. The grant enabled the purchase of picnic tables, outside seating, and the planting of flowers along the canal walk and quay wall. Additionally, wheelchair accessible outdoor seating was provided, promoting community engagement and appreciation of the natural surroundings. ANBC (Antrim and Newtownabbey Borough Council) Tourism and Local Support ANBC played a pivotal role in supporting TIDAL'S initiatives, providing £1,300 to boost tourism in the local area. This funding was utilised to showcase the unique local delicacy, Lough Neagh eels, sourced from the Toome fishery and prepared by a local fisherman at the Lock Keepers Cottage. Furthemiore. ANBC granted £5,000 to cover the insurance of Toome House, home to TIDAL offices, a dentist, pharmacy, GP surgery, and others. ANBC'S continued support extended to funding the annual Toome fair, Christmas events, Halloween events, and the local kids, Summer Scheme. Tiny Steps Parenting Support The Tiny Steps program brought together 25 mothers and babies over the year, fostering a collaborative environment. Working closely with our community pharmacist, the program aimed to enhance parenting skills through informative talks and engaging activities. ARN Community Foundation Meal Assistance In collaboration with the ARN Comrnunity Foundation, TIDAL provided meals to the elderly, serving them on-site at Toome House. Additionally, meals were delivered to individuals with mobility issues or those unable to travel, ensuring everyone in the community had access to nutritious food. Heritage Fund Cultural and Educational Classes TIDAL collabDrated with the National Heritage Lottery to offer classes in basket making and woodwork, engaging the local community in meaningful heritage-related activities. Participants also ontributed to the design of the sensory garden which is adjant to Toome Play Park, enriching the community space for all. Community Impact In conclusion, TIDAL'S aiversè projéc and partnerships aimed to raise morale within the local ommunity and beyond, particularly among those affected by the challenges of the Covid-19 pandemic. The initiatives provided safe spaces for learning and development for various groups, utilising the facilities of Toome House and its area to their fullest potential.
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dir8Ctor's Report) (contlnued) Year ended 28 February 2023 Financial review Against the backdrop of limited resources and insecurities over funding, it has continued to be difficult to plan or develop services. Nevertheless the charity, with the aid of sound financial management and the support of both its staff and volunteers generated a positive financial outcome for the period with a decrease in net income of £61,620 (2022.. £6,168), leaving the total funds at £1,104,588 {2022= £1,166,276). This is due to a number of projects coming to fruition in this year, where incomelgrants were reiVed in previous years. Its success in obtaining new funding for 2023124 from Antrim & Newtownabbey Borough Council will provide much needed additional resources. PRINCIPAL FUNDING SOURCES Aside from the income generated by the rental of business units and room hire, the principal funding sources for the Charity are currently by way of grants from Antrim & Newtownabbey Borough Council. As a result of increasing constraints on local authority expenditure, the charity must seek funding from a much broader group of agencies. RESERVES There is a prudent amount retained in reserves each year. Plans for future periods Working closely with ANBC to continue to source funding for the implementation of a Marina. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 28 March 2024 and signed on behalf of the board of trustees by= Mr Henry Marron (Treasurer) Trustee Mrs Una Johnston Charity Secretary Iifxx i ohis¥07 ,
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarant88 Independent Examiner's Report to the Trustees of Toomebridge Industrial Devalopment Amanities and Leisure Limited Year ended 28 February 2023 I report to the trustees on my examination of the financial statements of Toomebridge Industrial Development Amenities and Leisure Limited ('the charity,) for the year ended 28 February 2023. Responsibilities and basis of report As the trustees of the company land also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act,). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northem Ireland under section 85(9)(b) of the 2008 Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. I confim that l am qualified to undertake the examination because l am a member of Chartered Accountants Ireland, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and faiff view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
Toomebridge Industrial Development Amenities and Leisure Limited Company Limitsd by Guarantee Independent Examiner's Report to the Trustees of Toomebridge Industrial Development Amenities and Leisure Limited (Continued) Year ended 28 February 2023 I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. S O'Neill & Company Independent Examiner 14 Main Street Toomebridge Co. Antrim Northern Ireland BT413TQ 28 March 2024
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 28 February 2023 2023 Restricted funds Total funds 2022 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Investment income Other income 12.673 99,085 87,003 99,676 99,085 106,310 55,647 30 71,565 74,385 74,385 273.146 Total income 186,143 87,003 233,552 Expenditure Expenditure on raising funds.. Costs of other trading activities Expenditure on charitable activities Total expendlture 73,624 138,054 211.678 9,931 113,157 123,088 83,555 251,211 334,766 50,057 177,327 10,11 227,384 Net (expenditure)lincome (25,535) (36,085) {61,620) 6,168 Transfers beeen funds (5,002) 5,002 Other recognlsed galns and losses Losses from revaluation of fixed assets {68) (30,605) {68) (61,688) (68) 6,100 Net movement In funds (31,083) Reconciliation of funds Total funds brought forward Total funds carrled forward 696,307 665,702 469,969 1,166,276 1,104,588 1,160,176 1,166,276 438,886 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pag88 11 to 23 fom part of these flnanclal statsments.
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarant88 Statement of Financial Position 28 February 2023 2023 2022 Note Ftxed assets Tangible fixed assets Heritage assets 19 20 957,100 126,143 1.083,243 964,926 126.143 1,091.069 Current assets Debtors Cash at bank and in hand 21 32,347 18,984 51,331 31,192 60,998 92,190 Creditors: amounts falllng due wlthin one year Net current assets 22 29,986 16,983 21,345 1,104,588 1,104,588 75,207 Total assets less current Ilablllties 1,166,276 1,166,276 Net assets Funds of the charlty Restricted funds Unrestricted funds: Revaluation reserve Other unrestricted income funds 438,886 469,969 2,190 663,512 665,702 2,258 694,049 696,307 1,166,276 Total unrestricted funds Total charity funds 1,104,588 For the year ending 28 February 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the cotnpany to obtain an audit of its financial statements for the year in question in accordance with section 476-, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The not8s on pages 11 to 23 forni part of these financial statements.
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Statement of Flnancial Position (ct)ntinued) 28 February 2023 These financial statements were approved by the board of trustees and authorised for issue on 28 March 2024. and are signed on behalf of the board by: Mrs Una Johnston Charity Secretary The notes on page8 11 to 23 fomi part of these financial statements.
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee ststement of Cash Flows Year ended 28 February 2023 2023 2022 Cash flows from operating activities Net (expenditure}lincome (61,620) 6.168 Adjustments for.. Depreciation of tangible fixed assets Government grant income Other interest receivable and similar income Accrued expenses 30,975 139,917) 30,341 {35,538) (30) 333 6,261 Changes in.. Trade and other debtors Trade and other creditors {1,154) 6,742 (58,713) 22.979 {7.073) 17,180 Cash generated from operations Interest received 30 Net cash (used inllfrom operating activities (58,713) 17,210 Cash flows from Investing activities Purchase of tangible assets Net cash used in investing activities (23,217) (23,217) (26,971) (26,971) Cash flows from flnancing activities Government grant income Net cash from financing activities 39,917 39.917 35,538 35,538 Net (decrease)lincrea88 in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (42,013) 60,997 18,984 25,777 35,220 60,997 The notss on pages 11 to 23 fomi part of these financial statements. 10-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Notes to the Financial Ststements Year ended 28 February 2023 General Information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Toome House, 55 Main Street. Toomebridge, Co Antrim, BT413TF. Statement of cornpliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accountlng pollcles Basis of preparation The financial ststements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sub-classes.. restricted income funds or endowment funds. 11
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Notas to the Financial Ststements (contlnued) Year ended 28 February 2023 Accounting policies (contlnued) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitsble activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets All fixed assets are initially recorded at cost. 12-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 28 February 2023 Accounting policies (continued) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows= Freehold buildings Fixtures and fittings Equipment Improvements to leasehold property straight line over 35 years less residual value 20 % straight Line 200/0 Straight Line Straight line over 35 years less residual value Heritage assets The charity holds heritage assets, which are tangible fixed assets of historical, artistic or scientific importance that are held to advance preservation and conservation objectives of the charity. Newly purchased heritage assets are capitalised and included at cost including any incidental expenses of acquisition. Where heritage assets were acquired in past accounting periods and not capitalised, it can be difficult or costly to attribute a cost or value to them. In such cases, these assets are excluded from the balan sheet if reliable cost information is not available and conventional valuation approaches lack sufficient reliability or significant costs are involved in the reconstruction or analysis of past accounting records or in valuation, which are onerous compared with the additional benefit derived by users of the accounts in assessing the trustees, stewardship of the assets. The very long expected lives of heritage assets, due to their nature, value and need to be protected and preserved means that depreciation is not material and is, therefore, not provided. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified future performance-related conditions on the recipien( it is recognised in income when the grant proceeds are received or re1Vable. Vlhere the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a Limited by guarantee Toomebridge Industrial Development Amenities and Leisure Limited is a company limtted by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member. 13-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 28 February 2023 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations Grants Enkalon CCF- Community Foundation Housing Executive Co-operation Ireland Albert Hunt- Youth Programme HMRC SSP & Job Retention Scheme KNIB- Pollinator ARN Community Foundation Waterways Ireland VVWC - HLC Project- Causeway Saint Vincent De Paul American Ireland Fund Pain Programme CDHN - Tiny Steps Social Prescribing Project Lough Neagh Partnership Rural Community Neork Government grant income 750 5,000 750 5,000 2,000 2,000 173 8,181 5,000 9,321 173 8,181 5,000 9,321 1,100 1,100 600 7,256 20,378 600 7,256 20,378 12,500 12,673 27,417 87,003 39,917 99,676 Unrestricted Funds Restricted Total Funds Funds 2022 Donations Donations 1,550 1,550 14-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 28 February 2023 Donations and legacies (continued) Unrestricted Funds Restricted Total Funds Funds 2022 Grants Enkalon CCF - Community Foundation Housing Executive Co-operation I reland Albert Hunt- Youth Programme HMRC SSP & Job Retention Scheme KNIB - Pollinator ARN Community Foundation Waterways Ireland IMVC - HLC Project - Causeway Saint Vincent De Paul American Ireland Fund Pain Programme CDHN - Tiny Steps Social Prescribing Project Lough Neagh Partnership Rural Community Neork Government grant income 6,000 6,000 9,500 5,513 9,500 5,513 4,370 4,370 2,750 8,563 1,320 4,285 2,500 9,600 5,086 8,834 701 30,921 11,313 1,320 4,285 2,700 9.600 5,086 8,834 701 35,538 106,310 200 4,617 13,487 92,823 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Lock Keepers Cottage Income Oil Club Membership 93,635 5,450 99,085 93,635 5,450 99,085 55,447 200 55,447 200 55,647 55,647 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest received 30 30 15-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Notas to the Financial Statements (¢ontinued) Year ended 28 February 2023 other income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Rental income Room hire Toome Fair 71,530 1,585 1,270 74,385 71,530 1,585 1,270 74,385 71,485 80 71,485 80 71,565 71,565 Costs of other trading activities Unrestricted Funds Restricted Total Funds Funds 2023 Costs of other trading activities - Lock Keepers Cottage 73,624 9,931 83,555 Unrestricted Funds Restricted Total Funds Funds 2022 Costs of other trading activities - Lock Keepers Cottage 30,837 19,220 50,057 16-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limitsd by Guarante8 Notes to the Financial Statements (continued) Year ended 28 February 2023 10. Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Saintrvincent De Paul Waterways Ireland Warm Well & Connected Project Antrim & Newtownabbey Borough Council projects Co-op Covid Community grant KNIB - Pollinator project Christmas Lights Switch on Event Tiny Steps Toome Fair Duneane Allotment Garden Nl Housing Executive projects Enkalon project5 American Ireland Fund Social Prescribing Project Pain Programme Education Authority - Summer Scheme RCN- Safe Return ARN - Community Foundation Community Foundation Support costs 1,650 6,771 1,650 6,771 543 33,822 34,365 6,267 6,267 11,740 11.740 14,959 14,959 1,095 1,095 2,613 20,042 2,675 2,613 20,492 2,675 151 450 151 70 815 749 24,918 113,157 885 749 146,799 251.211 121,881 138,054 Unrestricted Funds Restricted Total Funds Funds 2022 Saint Vincent De Paul Awards for All Waterways Ireland Warm Well & Connected Project Antrim & Newtownabbey Borough Council projects Co-op Covid Community grant KNIB - Pollinator project Christmas Lights Switch on Event Tiny Steps Toome Fair Duneane Allotment Garden Nl Housing Executive projects Enkalon projects American Ireland Fund Social Prescribing Project Pain Programme Education Authority - Summer Scheme - baTè F<èiurn ARN - Community Foundation Community Foundation Support costs 1,320 341 1,320 341 11,210 12,425 3,309 11.210 13.135 3,309 710 304 1,530 1,834 325 345 113 313 3,305 4,417 1,555 10,037 384 325 1,839 113 13 3.305 4,417 1,555 10,852 1,494 (3001 815 102,032 21,343 123,375 105,055 72,272 177,327 17-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Notes to the Financial Statements fconrfnued) Year ended 28 February 2023 11. Expenditure on charitable activities by activity type Grant funding of activities Support costs Total funds 2023 Total fund 2022 Administration expenses Saint Vincent De Paul Awards for All Waterways Ireland Warm Well & Connected project Antrim & Newtownabbey Borough Council Co-op Community grant KNI B - Pollintor project Christmas Lights Switch on Event Tiny Steps Toome Fair Duneane Garden Allotment Nl Housing Executive projects Enkalon projects American Ireland Fund Social Prescribing Project Pain Programme Education Authority - Summer Scheme RCN - Safe Return ARN - Community Foundation Community Foundation 146,799 146,799 1,650 123,375 1,320 341 1,650 6,771 6,771 11,210 34,365 34,365 13,135 3,309 6,267 6,267 1.834 11,740 11,740 325 1,839 113 13 3,305 4,417 1,555 14,959 1,095 14,959 1,095 2,613 20,492 2,675 2,613 20,492 2,675 151 151 10.852 384 885 749 885 749 104,412 146,799 251,211 177.327 12. Analysls of support costs Total 2023 Total 2022 staff costs Premises Communications and IT General office Finance costs Governance costs Depreciation Travel and entertainment Halloween expenses Subscriptions Bad Debts Written Off TIG Loan Written Off 63,494 19,866 3,494 6,882 (21) 11,182 30,975 2,649 58,685 15,960 3,590 1,188 12,616 30,341 251 741 243 300 7,735 146,799 123,375 17-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limitsd by Guarantee Notes to the Financial Ststements (continued) Year ended 28 February 2023 13. Analysls of grants 2023 2022 Grants Expenditure Grants expenditure Total grants 110,349 68,318 110,349 68,318 14. Net (expendlture)lincome Net {expenditure)lincome is stated after chargingl(crediting)-. 2023 2022 Depreciation of tsngible fixed assets Operating lease rentals 30,975 100 30,341 100 15. Independent examination fees 2023 2022 Fees payable to the independent examiner for.. Independent examination of the financial statements Other financial services 3,980 5,059 9,039 3,980 5,365 9,345 16. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and salaries Social security costs Other employee benefits 120,375 1,211 1,000 126.586 89,958 1,271 4,185 95,414 The average head count of employees during the year was Nil (2022: 8). The average number of full-time equivalent employees during the year is analysed as follows: 2023 No. 2022 No. Office staff Cleaner Lock Keepers Cottage staff 11 Nii eiiiployee reiVed eiiiployee beiiefits of Imore than £GO,000 during the year {nLOLL. Nil). 17. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 19-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limitsd by Guarantee Notes to the Financial Ststements (continued) Year ended 28 February 2023 18. Transfers between funds The following grants were received for restricted projects, and have been utilised against specific costs of the projects undertaken by the charity. However, there are a number of these grants that were to offset the running costs of the charity and also some of the projects were overspent by the charity. As a result, these funds have been transferred from Restricted funds to Unrestricted funds to offset these project expenses, with any remainder to be utilised by the charity as they see fit. 2023 Antrim & Newtownabbey Borough Council- SummerlHalloween Scheme Antrim & Newtownabbey Borough Council- Community Recovery & Tackling Poverty Antrim & Newtownabbey Borough Council- Christmas Light Up & Senior Event Antrim & Newtownabbey Borough Council- Taste the Borough Antrim & Newtownabbey Borough Council- Food & Essential Supplies Pain Programme American Fund Ireland Saint Vincent De Paul 278 (13) 500 202 722 1,130 1,633 550 Total 5,002 19. Tangible fixed assets Improvement to leasehold property Land and Fixtures and buildings fittings Equipment Total Cost At 1 March 2022 Additions 789,686 6,338 796,024 29,206 160,362 16,879 177,241 177,080 1,156,334 23,217 At 28 February 2023 Depreciation At 1 March 2022 Charge for the year Revaluations 29.206 177,080 1,179,551 15,960 7,912 68 18,765 4,535 127,104 11,678 29,579 6,850 191,408 30,975 68 At 28 February 2023 Carrying amount At 28 February 2023 At 28 February 2022 23,940 23,300 138,782 36,429 222,451 772,084 773,726 5,906 10,441 38,459 33,258 140,651 957,100 964,926 147,501 A charge on the buildings has been registered with Companies House on 15 March 2018. This rp,IHtp,s tn a hi iildinoR orant rp.r.p.ivahlp. frnm nprjartmpnt of Agriculture Environment and Rural Affairs for the Toome House extension. An extension to the surgery has been undertaken of which £6,338 is the initial cost incurred as at 28 February 2023. The estimated total cost is £78,250. -20-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantae Notes to the Financial Statements (continued) Year ended 28 February 2023 19. Tangible fixed assets (contlnugdj Improvements to leasehold property relates to capital expenditure on the Lock Keepers Cottage and Duneane Garden Allotment. These properties are held under lease from Waterways Ireland and Down & Connor Diocese respectively. A lease payment of £100 per annum is paid to Waterways Ireland in respect of the Lock Keepers Cottage. Tanglble fixed assets held at valuation The buildings at Toome House have been valued by Mr Richard Mcculloch, Mcculloch Estate Agents on 26 August 2020 at £630,000 with a residual value of £350,000. The historic cost of the building was £1.345,154. 20. Herltage assets Heritage Assets included in the accounts relate to the Sculpture and the Community Garden (£64,160 & £61,983 respectively) Community Garden Sculpture Total Cost or valuation At l March 2022 and 28 February 2023 Accumulated depreciation At l March 2022 and 28 February 2023 Carrying amount At 28 February 2023 At 28 February 2022 64,160 61,983 126,143 64,160 64,160 61,983 61,983 126,143 126,143 All Heritage Assets at reported at cost. -20-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 28 February 2023 21. Debtors 2023 2022 Trade debtors Prepayments and accrued income Other debtors 6,137 3,428 22,782 3,829 3,730 23,633 32,347 31,192 22. Creditors: amounts falling due within one year 2023 2022 Trade creditors Accruals and deferred income Social security and other taxes other creditors 9,574 12,853 2,924 4,635 29,986 4,081 7.275 5.627 16,983 23. Government grants The amounts recognised in the financial statements for government grants are as follows.. 2023 2022 Recognised in income from donations and legacles: Government grants income 39,917 35,538 21
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Notes to the Financial Ststemants (continuedj Year ended 28 February 2023 24. Analysis of charitable funds Unrestricted funds At 1 Mar 2022 Gains and At losses 28 Feb 2023 Income Expenditure Transfers General funds Revaluation reserve 694,049 186,143 (211,678) (5,002} 663.512 2,258 (68) (68) 2,190 696,307 186,143 (211,6781 (5,002) 665.702 At 1 Mar 2021 Gains 2nd At losses 28 Feb 2022 Income Expenditure Transfers General funds Revaluation reserve 689,391 140,729 (135,892) (1791 694,049 2,326 691,717 (68) {68) 2,258 696,307 140,729 (135,892) (179) Restrlcted fund5 At 1 Mar 2022 Gains and At losses 28 Feb 2023 Income Expenditure Transfers Property 469,969 87,003 (123,088) 5,002 438,886 At 1 Mar2021 Gains and At losses 28 Feb 2022 Income Expenditure Transfers Property 468,459 92,823 (91,492) 179 469,969 -22-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantse Notes to the Financial Statements (contlnuedj Year ended 28 February 2023 25. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Heritage assets Current assets Creditors less than 1 year Net assets 693,738 263,364 126,143 54,062 (4,683) 438.886 957,102 126,143 81,799 160,456) 1,104,588 27,737 (55,773) 665,702 Unrestricted Funds Restricted Totsl Funds Funds 2022 Tangible fixed assets Heritage assets Current assets Creditors less than 1 year Net assets 688,824 276,102 126,143 67,724 964,926 126,143 101,144 (25,937) 1,166,276 33.420 (25,937) 696,307 469,969 26. Analysis of changes in net debt At At 1 Mar 2022 Cash flows 28 Feb 2023 Cash at bank and in hand 60,997 (42,013) 18,984 A bridging loan with Danske Bank Ltd for £78,250 has been agreed on 1 February 2023 but as at 28 February 2023 has not yet been drawn down. This loan is covered by an existing 'AII Monies Charge, from Danske Bank, that was registered with Companies House on 7 March 2000. 27. Related parties None of the Trustees have been paid any remuneration or received any other benefits from an employment with the Charity or a related party during the year. No Trustee expenses have been incurred during the year. An amount of £7,735.66 was loaned to Toomebridge Initiative Group, a local charity with some common Directors. This amount has been written off during the year as the Company was dissolved with Companies House via compulsory strike off on 15 August 2023. 28. Capital Commitment An extension of the Surgery unit within the main property has been undertaken as at 28 February 2023, with only £6,338 of the cost incurred in this year, and the total estimated cost of completing this project is £78,250 -23-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Management Infonnation Year ended 28 February 2023 The following pages do not form part of the financial statements. -24-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 28 February 2023 2023 2022 Income and endowments Donations and legacies Donations Enkalon CCF - Community Foundation Housing Executive Co-operation Ireland Albert Hunt- Youth Programme HMRC SSP & Job Retention Scheme KNIB- Pollinator ARN Community Foundation wateayS Ireland C - HLC Project- Causeway Saint Vincent De Paul American Ireland Fund Pain Programme CDHN- Tiny Steps Social Prescribing Project Lough Neagh Partnership Rural Community Nefwork Antrim & Newtownabbey Borough Council Education Authority 1,550 6,000 750 5,000 9,500 5,513 2,000 173 8,181 5,000 9,321 4,370 11.313 1.320 4,285 2,700 9,600 5,086 8,834 701 24,393 11,145 106,310 1,100 600 7,256 20,378 39,917 99,676 Charitable activities Lock Keepers Cottage Income Oil Club Membership 93,635 5,450 99,085 55,447 200 55,647 Investment income Bank interest received 30 other income Rental income Room hire Toome Fair 71,530 1,585 1,270 74,385 71,485 80 71,565 Total income 273,146 233,552 -25-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Detsiled Statement of Financial Activities (contlnuedj Year ended 28 February 2023 2023 2022 Expenditure Costs of Lock Keepers Cottage trading activities Purchases Wages and salaries Employer's NIC Operating leases Rent Rates and water Light and heat Repairs and maintenance Other office costs Card machine service charge Advertising Volunteers treat Casual wages Lock Keepers Cottage Lost Cause Cottage Closed Lock Keepers Cottage general expenses 30,547 42,727 461 100 255 76 3,525 1,817 18 2,000 435 15,845 24,911 109 100 1,020 2,690 863 {18) 277 28 3.987 245 1,586 83.555 50,057 Expendlture on charltable actlvltles Duneane Garden Purchases Purchases Duneane Garden and Office Wages and salaries Employer's NIC Office casual wages Oil Club expenses Rates and water Light and heat Repairs and maintenance Insurance Duneane Garden light and heat Sundry expenses Legal and professional fees Bank charges Accountancy and book-keeping fees Telephone other office costs Depreciation Release of Revaluation Reserve Charitable activity expenses Computer expense5 Advertising Travel and Entertainment PAYE interest Subscriptions Halloween expenses Bad Debts written off TIG Loan written off 2,963 85 61,283 1,211 1,000 5,100 558 6.122 18,891 5,691 600 1,282 1,874 269 9,039 2,237 415 31,043 (68) 89,453 1,257 172 65,047 1,162 198 (500) 710 3,742 6,445 5,835 650 158 1,460 1,811 9,345 2,027 700 30,409 (68) 44,391 1,563 175 251 2,649 (21) 243 655 741 300 7,735 Carried forward 251,211 177,082 -26-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limitsd by Guarantee Detailed Statement of Financial Activitias (contlnuedj Year ended 28 February 2023 2023 2022 Brought forward 251,211 177,082 Cleaning expenses 245 251,211 177.327 Total expenditure 334,766 227,384 Net (expenditure)lincome (61.620) 6.168 -27-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarante8 Notes to the Detailed Statement of Financial Activities Year ended 28 February 2023 2023 2022 Costs of other trading activities Costs of other trading activities - Lock Keepers Cottage Lock Keepers Cottage purchases Lock Keepers Cottage wages and salaries Lock Keepers Cottage employer's NIC Lock Keepers Cottage premises lease Lock Keepers Cottage coffee machine rental Lock Keepers Cottage rates & water Lock Keepers Cottage light & heat Lock Keepers Cottage repairs & maintenance Lock Keepers Cottage office costs Lock Keepers Cottage card machine service charge Lock Keepers Cottage advertising Lock keepers Cottage volunteers treat Lock Keepers Cottage casual wages Lock Keepers Cottage Lost Cause Cottage Closed Lock Keepers Cottage general expenses 30,547 42.727 461 100 255 76 3,525 1,817 18 2,000 435 15,845 24,911 109 100 1,020 2.690 863 (18) 277 28 3,987 245 1,586 83,555 50.057 Costs of other trading activities 83,555 50,057 -28-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (continued) Year ended 28 February 2023 2023 2022 Expenditure on charitable activities Support costs Purchases Wages and salaries Employerfs NIC Casual wages Oil Club Expenses Rates and water rates Light and heat Repairs and maintenance Insurance Sundry expenses Legal and professional fees Bank charges Accountancy fees Telephone Printing, postage and stationery Depreciation Advertising Computer expenses Cleaning expenses Travelling Entertainment PAYE Interest Motor expenses Subscriptions Halloween expenses Bad debt write offs TIG Loan written off 85 61,283 1,211 1,000 5,100 154 6,122 7.899 5,691 1,282 1,874 269 9,039 2,237 415 30,975 57.458 1.029 198 (500) 160 3,742 5,978 5,835 158 1,460 1,811 9,345 2,027 700 30,341 175 1.563 245 231 20 1,257 121) 2,649 243 655 741 300 7,735 146.799 123,375 Awards for All Grant funding activities Awards For All - repairs & maintenance 341 Saint Vincent De Paul Grant funding activities Saint Vincent De Paul expenditure 1,650 1,320 Waterways Ireland Grant funding activities Waterways Ireland expenses Warm Well & Connected Grant funding activities Warm Well & Connected Project expenses 6.771 11,210 29-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarant88 Notes to the Detailed Statamant of Financial Activities (contlnued) Year ended 28 February 2023 2023 2022 Antrim & Newtownabbey Borough Council Grant funding activities ANBC - Seniors Christmas Dinner Event & Christmas Lights ANBC - Isolation ANBC - Food Palette Scheme Award expenses ANBC - Covid 19 Community grant round 2 expenses ANBC - Covid Help expenses ANBC - Food and essential supplie5 expenses ANBC - Speed Indicator Device expenses ANBC - Canal Walk Project ANBC - Summer Scheme ANBC - Community Recovery & Tackling Fuel Povety ANBC - Welfare Unit ANBC - School Uniforms ANBC - FestivaVFunday expense ANBC - Halloween expenses ANBC - Come to Community expenses ANBC - Northern Healthy Lifestyles expenses ANBC - Taste the Borough expenses 2.517 487 2.000 1.325 181 300 12,231 58 3,975 2,205 950 1,322 390 166 11,625 2,278 3.038 900 1,552 34,365 13,135 Co-op Covld Community Grant fundlng activities Co-op Covid Community grant expenditure KNIB Pollinator Grant Grant funding activities KNIB Pollinator expenses Christmas Lights Switch on Event Grant funding activities Christmas Lights Switch On Event expenses 3,309 6,267 1.834 Toome Fair Grant funding activites Toome Fair expenses 325 Tiny Steps Grant funding activities Tiny Steps expenses Duneane Allotment Garden Grant funding activities Duneane Garden purchases Duneane Garden rates and water rates Duneane Garden repairs & maintenance Duneane Garden light and heat 11.740 2.963 404 10,992 600 172 550 467 650 14.959 1,839 -30-
Toomebridge Industrial Development Amenities and Leisure Limited Company Limited by Guarantee Notes to the Datailed Statement of Financial Activities (continued) Year ended 28 February 2023 2023 2022 Nl Housing Executlve Grant funding activities NIHE Covid expenditure NIHE Kids Cottage Garden expenses 113 1,095 1,095 113 Enkalon and Other Grant funding activities Enkalon expenses Social Prescribing project expenses American Ireland fund expenses Pain Program expenses Education Authority - Summer Scheme RCN - Safe Return ARN - Community Foundation expenses Community Foundation expenses 13 4,417 3,306 1,555 10,852 383 20,492 2,613 2,675 151 885 749 27,565 20,526 Expenditure on charitable activities 251,211 177,327 31