REGISTERED COMPANY NUMBER: N1040735 (Northern Ireland) REGISTFRED CHARITY NUMBER: NIC 100703 ort of the Trustees and Unaudited Financial Statement5 for the Year Ended 31 March 2024 for Tar Anall Limited b Cyuarantee Acom an Lynn, Drake & Co Ltd Chartered Accountants I st floor 34 B-D Main Street Moira Co. Armagh BT67 OLE
Tar Anall Contents of the Financial Statements for the Year Ended 31 March 2024 Page Referenc¢ and Administrative Details Report of the Trustees Statement of Trustees, Responsibilities Independent Examiner's Report 9 to 10 Statement of Financial Activities Sialement of Financfial Posltion 12 to 13 Notes to the Financial Statements 14 to 26 Detailed Statement of Financial Activities 27
Tar Anall Reference and Administrative Details for the Year Ended 31 March 2024 TRUSTEES Maurecn McGuinncss Mary McGinn Sean Divine Steven McGuinness Mary Mcconville Patrick Leonard Patrick Devenny COMPANY SECRETARY Michael Culbert REGISTERED OFFICE Conway Mill 5-7 Conway Street Belfast Co. Antrim BT13 2DE REC.ISTERED COMPANY NUMBER N1040735 (Northern Ireland) REGISTERED CHARITY NUMBER NIC 100703 INDEPENDFNT EXAMINER Lynn, Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE CHIEF EXEC OFFICER Mr John O'Hagan
Tar Anall ort of the Trustees for the Year Ended 31 March 2024 The trustees who ar¢ also directors of the charity for thc purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Rcporting by Charities.. Statement of Recommendcd Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (etyective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The main objectives of the Charity are that of Welfare and support. Our main services today include family support, tralning and education, counselling, welfare and rights advico. We also have a 50-plus forum and a youth programme. Tar Anall offers needs-bascd assistance in that they understand th¢ experiences of their users and know the services tliat are most beneficial.
Tar Anall ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Public benefit Purpose I: The advancement of education To provide free training and educational COUTses and development programmes to ex-prisoners (former political prisoners) and their families in West Belfast and its environs aiid to the wider community. What benefit floivs from this purpose. Enhanced education and understanding, increased skills and knowledge base, enhanced mobility of labour and ¢mploym¢nt capacity of (formcr political) ex-prisoners and family members and thc wider community. Improved and/or enhanced employability and economic prospects through the advancement of career and employment opportunities of ex-prisoiiers and family members and the wider community. Increased levels of employment Reduced stress and worry, and improved outlook of(former political) ex-prisoners and family members and the wider coininunity. Purpose 2: The relief of poverty To provide free welfare rights advice and assistance to (fornier political) ex-prisoners and their families in West Belfast and its environs and the wider community. What benefit flows from this purpose. Income maximization as a result of the provision of accurate, up to datc information on current legislation on benefits and entitlements, and assistance to access those benefits Improved economic and social circumstances by the maximization of full benefit and grant entitlement income Improvement of living standards, and so quality of life of (former political) ex-prisoners and their families and the wider coinmunity. Reduced stress and worry, and improved outlook of (former political) ex-prisoners and family members and the wider community. Purpose 3.. The advancement of health To provide free Counselling and Emotional Support to (fonner political) ex-prison¢rs atld their families in West Belfast and its environs. To provide free programm¢s, events and activities supporting personal development. health promotion, and h¢althy living assistance to cx-prisoners and their families in West Belfast and its environs and the wider community.
Tar Anall Re ort of the Trustees for the Year Fnded 31 March 2024 OBJECTIVES AND ACTIVITIES What benefit flows from this purpose. The direct benefits which flow from the advance of health includc Improved mental health and emotional well-being by providing counselling and emotional support o Reduced anxieties Reduced sense of alienation and disconnection Reduced impact of conflict on victims of the confli¢t ranging across issues such as traum4 loss, and relationship difficulties. Dcmonstration of Benefits Tliese benefits are evidenced through fecdback from beneficiaries, participation evaluation forms, the maintaining of statistical data, beneficiary filcs detailing a¢hiev¢inents and progression routes, staff and manageinent monthly and annual reports, regular independent evaluations. Ts any harm or possibility of harm outweighed by the benefit? Noiie. Who is the benefit for? The charity's beneficiaries arc (former political) ex-prisoners and their families living in West Belfast and its environs. Is there any private benefit? Trustces receive private benefit by their expcrience of managing an organisation providing services. However, these benefits are necessary and incidental to cnsure the organisation can achieve its purposes. Reserves Policy The charity's policy is to retain a level of free reserves, which matches the needs of the organisatioii boih at the current time and in the foreseeable fulure. I'he charity ha8 developed a plan to establish and maintain this agreed level of free reserves. The charity will continue to monitor coinpliance with this policy on a regular basis and the Board will review ihe appropriateness of the policy annually.
Tar Anall ort of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW The company had net incoming resources for the year of £43,304 (2023: nct outgoing resources of £1,272), which reflected the completion of a numbeT of projects during the year. Unrestricted funds increased by £31,237, while restricted funds increased by £12,067. Tar Anall have continued to grow and develop since its inception in 1995. we have a long tradition of positive engagement wilh (former political) Republican ex-prisoncrs and their families and the wider community. Twenty-Nine years after its creation it remains a developing organisation that has increased its capacity to deliver quality services and address real need. Through determination, co-operation and collective action it has increased staff skills and capacity, secured vital resources and attracted funding to provide quality service. Tar Anall were successful in obtaining grants from,. DFC Training & Education, this grant provides employment to 2 full time and one part time staff and provides Pre-F.mployment Traiiiing for Top - Up SIA Level 2 Door Supervisor Training including First Aid, includiiig Badge/Licence and CCTV Training including Badge/Licence. also running costs. DFC Health & Wellbeing provides employment for two full time posts. We Iiave receivcd a Revcnue Grant from BCC this provides running costs such as heat and light, Audit Fee, Health & Safety equipment, general maintenance and stationery. We received grants from Impact Training and USDT to provide the following programm¢s for our Older Peoples Groups (men and women)., Divcrsity and Cultural Awareness, Walk and Talk programme, Dancc Classes, Motivational Speakers, Photography and Art Therapy to re-engage thosc most socially isolated in the community. We received funding from TEO, Cotnmunities in Transition this enabled Tar Anall to deliver a range of pre-employment programmes and oiie to one mentoring to aid Personal skills development, Life Skills, CV Skills and Job Search and Interview skills, Tnterview Technics. This range of funding enables the support and relief of those living in poverty by providing opportunities to gain einployment. However, in onjun¢tion with existing and new partnerships and programines of work being cstablished and a markcd increase in demand for services and support we continue to apply to othcr funding sources to meel this need. Du¢ to the existing and new partnerships developed we have been able to deliver., 108 accredited pre-employment training courses to 537 participants. From 537 participants that have completed training more than 460 have successfully gained einployment in various se¢tors within the Construction Industry, Securiiy Industry, CCTV, First Aid also PCV Bus and LGV Lorry driving, Level 3 experienced workers, Personal Trainers, Beauty therapists, Locksmith, Sports Massagc, Tour Guides, Telescopic Handlers, Driving Lessons that enabled a number of people to gain employment. In partnership with DFC, TEO CIT, USDT, Black Mountain Shared Space, Conway Education Centre, Grosvenor Community Centre, People First, Shankill Job Assist and Blackie River Cenlre, Hcart Project, Grace Women Centre, PCA (Sally Gardcns) USEL and Workforce we have delivered the following services: Pre-ernployment training course. We also offer a range of emotional health and wellbeing services ranging from counselling. welfare and advice. complementary thcrapics and life coaLhing. Regardl¢ss of funding restriction and due to th¢ generosity of volunteers who work with in 'far Anall's structures we have been able to maintain tlie critical services for, Counselling, Family Support and Advice and Welfare Rights, Life Coaching and Complcmentary therapies. We hav¢ delivered outreach worL one to one support. Skills and employment based training opportunities that build personal and community capacity.
Tar Anall ort of the Trustees for the Year Ended 31 March 2024 Future Plans Tar Anall envision that in the coming year it will continue to work in partnership with DFC to deliver work based training programmes, and to continue to develop partnership with organisations whom can generate opportunities, both within pre- Cmploymcnt training and einployinent opportuniti¢s, for those long term unemployed. Through a range of programmes and aclivities we hope to continue to meet the needs of our target groups and the wider community. We aim to provide much needed support services to marginalised and hard to reach people and the most vulnerable of our community. We have been successful in securing funding for 2023 - 2024 also 2024 - 2025 from DFC. This enables Tar Anall to continue to provide employment and deliver the much, needed services for both Training and Education prograinrnes also Health Priorities in the form of Family Support. We also were successful in securing funding for 202412025 from Belfast City Council in the form of a Revenu¢ Grant this greatly enables Tar Anall to continue to providc services as it contributes towards much need running cost for th¢ building. Tar Anall have also sccured funding from The Executive Office in early April 2024 July 2024. succcssful application for funding from TEO for Communities in Transitioii from August 2024- March 2025. Communities in Transition which will enable us to build relations between disengaged and socially disadvantaged people by delivering a range of employment opportunities, from LGV Lorry driving lessons. PCV Bus driving lessons also driving lesson that will enhance employment opportunities and build confidence. Provide pre-employmcnt training in the Security Industry and Construction Industry. Personal development courses in.. Sports thcrapy, Beauty therapy and Personal Training Lcvcl 3 and Level 3 NVQ for experienced workers, TelesLOPiC Handling with a view to participants gaining employment. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Governance of thc Charity During the period under review the directors met monthly. Trustccs/directors are appointed by nominations made in writing by any existing director. At the General Meeting noininated directors are appointed by election.
Tar Anall ort of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The principles of good governance arc cmbcdded within all aspects of Tar Anall operations wilh management and staff being keenly aware of the Boards responsibility of ensuring that the organisation protects itself froin financial exposure and reputational damage. A close working relationship is Inaintained between the Board and maiiagement to ensure thal operatioiially 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 manageineDt in the discharge of their duties. This two-way relationship is the key feature of Tar Anall governance arrangements and is a key strength in the company. A conscientious approach to ensuring that contractual project rcquiremcnts are achieved has been maintained at all times both in the accounting period bcing ieporled on and since Tar Anall establishment. Very tight financial controls on expeiiditure and all financial commitments are maintained at all tiines and project staff have been trained and have become experienced in budgctary controls.ln both these areas ie Project delivery aiid financial controls management all staff hav¢ ¢stablished close working relationships with funding organisations to ensure all mandatory standards are Gonsistently achieved. Board represcntatives also activcly engage with funding bodies. The Board, management and staff are fully awar¢ that the nature of the work in which Tar Anall is involved can bring with it a high level of scrutiny to ¢nsur¢ that all activities are fully compliant with funding requirements and. therefore, bcyond reproach. The Board of Tar Anall is, therefore, greatly reassured of the company's compliance wilh the highcst of standards of governance on the basis that all monitoring and evalualion of project dclivery demonstrates achievement of all funders objectives and that funders, audits and voucliing of financial expenditure and the Independent Examiners Report confirm coinplianLe with both probity and regularity in the use of monies received EVENTS SINCE THE EIYD OF THE YEAR Tnformation relating io events sincc thc cnd of the year is given in the notes to the financial statements. This report has been prepared in accordance with the special provisions of Part 15 of the Companics Act 2006 relating to small companies. Approved by order of the board of trustees on 31 October 2024 and signed on its behaifby: Michael Culbert - Secretary
Tar An#ll Statement of Trustees, Res onsibilities for the Year Ended 31 March 2024 The trustees (who are also the directors of Tar Anall for the purposes of company law) are responsible for preparing the Report of the Trustees and tlie financial statemcnts 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 which 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 cxpenditure, of the cliaritable company for that period. In preparing those financial statements, the truslees are required to select suitable accounting policies and thcn apply them consistently; observe the methods and principles in thc Cliarity SORP. make judgements and estimates thal are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustccs are responsible for keeping proper accountiiig records which disclose with reasonable accuracy at any time the financial position of th¢ charitable company and to enable them to cnsure thal the financial statements comply with tlie Coinpanies Act 2006. Thcy are also responsible for safeguarding th¢ assets of the charitable company and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities.
Inde endent Examiner's Re Tar Anall I report on the accounts of the COTnpany for the year ended 31 March 2024, which are sel out on pages cleven to twenty six. ort to the Trustees of Respeetivc responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for thc purpos¢s of company law) yoii are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subjcct to audit under company law and is eligible for iiidependent examination, it is my responsibility to: exainine the accounts under Section 65 of the Charitics Act follow the procedures laid down in the general Directions given by thc Charity ComiT]ission for Northein Ireland under Section 65(9)(b) of th¢ Charities Act state whethcr particular matters hav¢ come to my attention. Basis of the findependent examincr's report I have examined your charity accounts as rcquired under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Seclion 65(9)(b) of th¢ Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts prescnted with tliose records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanalions from you as charity trustccs concerning aiiy sucli matters. My role is to state whether any material matters have come to my attention giving me cause to believe: I'hat accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requircments of Section 396 of tlie Coinpanies Act 2006 and with the methods and principles of the Charities Statemeiit of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Repurting Standard applicable in the UK and RepubliL of Ireland That there is further information needcd for a proper understanding of the accounts to be reached. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute or Chartered Accountants in Ireland which is one of the listed bodies. I have completed my examination and have no concerns in respect of the malters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no Inatters that require drawing to your attention. Billy Drake The Institute of Chartered Accountants in Ircland Lynn, Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira
Inde endent Examiner's Re Tar Anall Co. Arn]agh BT67 OLE ort to the Trustees of 31 October 2024 10
Tar Anall Statement of Financial Activities Incor oratin an Income and Ex for the Year Ended 31 March 2024 enditure Account 31.3.24 Total fuiids 31.3.23 Total funds Unr¢stiicted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Granls Receivable 411,842 411,842 365,680 Other trading activiti¢s 31,335 31,335 47,675 Total 31,335 411,842 443.177 413,355 EXPENDITURF. ON Charitable activities Direct Charitable Governance 98 384,511 2,577 384,609 2,577 407,059 7,568 Total 98 387,088 387,186 414,627 NET INCOME/(EXPENDITURE) 31,237 24,754 55,991 (1,272) RECONCILIATION OF FUNDS I'otal funds brought forward 40,702 52,154 92,856 94,128 TOTAL FUNDS CARRIED FORWARD 71,939 76,908 148,847 92,856 The notes form part of these fInancial statements
Tar Anall Statement of Financial Position 31 Mareh 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 10 2,443 567 CURRENT ASSETS Debtors Cash at bank 62,696 90,855 755 105,975 153,551 106,730 CREDITORS Ainounts falling due within one year 12 (7,147) (14,441) NET CURRENT ASSETS 146,404 92,289 TOTAL ASSETS LESS CURREIYT LIABILITIES 148,847 92,856 NET ASSETS 148,847 92,856 FUNDS Unrestricted funds Restricted funds 14 71,939 76,908 40,702 52,154 TOTAL FUNDS 148,847 92,856 The charitable company is entitled to excmption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required ihe company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Seclion 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statemcnts which give a true and fair view of the state of affairs of the charitable company as at the end of each financial ycar and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 aiid 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements 12 continued...
Tar Anall Statement of Financial Position - continued 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regimc. The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2024 and were signed on its behalf by: e¥ Patrick Devenny - Trustee Maureen McGuinness - Trustee The notes form part of these financial Statements 13
Tar Anall Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements (a) General information and basis of preparation Tar Anall is constituted as a company limTted by guarantee incorporated in Northern Ireland (N1040735)- In Ihe event of the charity b¢ing would up, thc liability ir) rcspect of the guarantee is liinited to £1 per member of the charity. The charity constitutes a public bencfit entity as dcfTned by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Slatement of Recommended Practic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reportiiig Standard applicable in the Unit¢d Kiiigdom and Republic of Ireland (FRS 102), the Charities Act (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 concern basis under the historical cost convention, modified to include ccrtain itcms at fair valuc. Thc financial statements are presented in sterling which is the functional currency of the charity. The significant accounling policies applied in the preparation of these financial statements are set out below. These policies have been consistcntly applied to all years presented unless otherwise stated. (b) Funds Unrestricted funds are available for use at thc discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrcstricted funds that have been set aside by the trustees for particular purposes. The aim and use of cach designated fund is set out in the notes to the financial statemcnts. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged againsl tlie specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements, Further explanation of thc naturc and purpose of each fuiid is included in the notes to the financial statements. (c) Income recognition All incoming resources are includcd in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received. 14 continucd...
Tar Anall Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Basis of preparing the financial statements For donations to be recognised the charity will have been notified of the amounts and the settlement date in WTlting. If there are conditions attached to thc donation and this requires a level of performance beforc entitlement can be obtained then income is deferred uiitil those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Voluiitary incoine is received by way of graiits, donations and gifts and is included in full in the Statement of financial Activities (SOFA) when receivable. Incoine received from collections is Tecognised when received. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably, and the charity has control over the item. Fair valuc is determined oli the basis of the value of the gift to the charity. For example, th¢ amounl the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer timc in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. For legacies, enlitlement is the earli¢r of the charity being notified of an impcnding distribution or the legacy being received. At this point income is recogniscd. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for thc charity. Income is reccived in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. The charity receives government grants which are detailed within the notes lo these financial Stateinents. Income from government and other grants are recognised at fair valuc when the charity has entitlement after any performance conditions have been met, il is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred. (D) Expenditiure recognition All expenditure is accounted for on an accruals basis,inclusive of VAT which cannot be recovered and has been classified under headings that aggregate all costs related to the category. Expendilure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of raising funds includes the costs associated with attracting voluntary incomes. Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its activities and services tor its bencficiaries. It includes both costs that can bc allocated directly to such activities and those costs of an indirect nature necessary to support them; and Other expenditure represents those items not falling into the categories above. Irrecoverable V A T is charged as an expense against the activity for which expenditure arose. 15 continued...
Tar Anall Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Basis of preparing the financial statements Grants payable to third partics are within thc charitable objectives. Where uiiconditional grants are orrered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants arc conditional relatiiig to performance then the grant is only accrued when any unfulfillcd conditions arc outside of the control of the charity. (e) Support costs allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. 'I'hcy are inLurred directly in support of expenditure on the objects of thc charity and incliide project management carried out at Ileadquarters. Where support costs cannot be directly attributed to particular h¢adings they have been allocated to cost of raising funds and expenditure on charitabl¢ activities on a basis onsistent with use of ihe resources. Premises overheads have be¢n allocated on an insert detail basis and other overheads have been allocated on a basis consistent with the use of resourccs. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. (O Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated iinpairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed asscts, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Improvements to property Equipment Motor Vehicles I 00/0 Straight Line 25 % Straight Line 250/0 Straight Line (g) Ffinancial Instruments A financial assct or a financial liability is recognised only when the charity becomes a party to the contraclual provision of tlie instrument. Basic financial instruments are initially recognised at the amounts receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently Ineasured at the cash or other consideration expected to be paid or relived and not discounted. Debt instruments are subsequently mcasured dt amortised cost. Where investments in shares are publicly traded or their fail value can otherwise be measured reliably, the investmcnt is subsequently measured at fair value with changes in fair value recognised in inLome and cxpenditure. All other such invcstmenls are subsequently measured at cost less impairment. 16 continued..
Tar Anall Notes to the Financxal Statements - contlnued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferrcd beyond nornial business terms or financed at a rale of interest that is not a market rate, in which casc the asset is measured at thc present valuc of the future paym¢nts discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value with aiiy changes recognised in the statement of financial activities. with the exception of hedging instrumcnts in a designed hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairnient at the end of each reporling date. if there is objective evidence of impairment an impaiment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain is recognised. For all equity instruinents regardless of signifi¢ance, and olher financial assets tliat are individually significant, these are assessed individually for iinpairmenl. Other financial assels are cither assessed individually or grouped on the basis of similar credil risk characteristics. Any reversals of impairment are recognised immediately, to the extcnt tliat the reversal does not result in a carrying amount of the financial asset that exceeds what thc carrying amount would have been had the impairment not previously been recognised. (h) Impalrment Assets not measured at fair value are reviewed for any indicatioii that the asset may be impaired at each balance sheet date. If such indication exists. the recoverable ainount of the a55et, or the asset's cash generating unit, is cstimated and compared to the carrying ainount. Wliere the carrying amount exceeds its recoverable amount, an iinpairrnent loss is recognised in profit or loss unless the asset is carried at a revalued amount where the iinpairment loss is a revaluation decrease. (i) Provisions Provisions arc recognised when the charity has an obligation at the balaiice shcet date ds a result of a past event, it is probable that an oufflow of economic benefits will be requircd in settlement and the amount can be reliably estimated. (i) Leases Assets acquired under finance leases arc capitalised and depreciated over the shorter of the leasc term and the cxpected useful life of the asset. Minimum lease payments are apportioned between the finance charg¢ and the reduction of the outslanding Icase liability using the cffeclive intcrest method. The related obligations, net of future finance charges, are included in creditors. RentaEs payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. (k) Tax 17 continued..
Tar Anall Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Basis of preparing the fingncial statements No provision is required for taxation as the company is defined as a charity for taxation purposcs. The charity is a registered charity and so such is entitled to certain tax exemptions on income and profits from investments and siirpluses on aDy trading activities carried on in furtherance of the harity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. (l) Going concern The financial statemcnts have b¢¢n prepared on a going concern basis as the trustees believe that no material unccrtainties exist. The trustees have considered the level of fiinds held and ihe expected level of income and expenditure for 12 months from authorising these financial statements. The budgetcd income and expenditure is sufficieiit with thc level of reserves for the charity to be able to continue as a going concerii. (m) Accounting estimates and areas of judgement The pi'eparation of the financial statements requires managcment to make judgements, estimates and assuinplions that affect the arnounts reportcd, These estimates and judgements are continually reviewcd and are based on experience and other factors, including expectatioiis of future ¢vents that ar¢ believed to be reasonable undcr the circumstances. The items in tlie financial statcments where these judgemcnts and estimates have been made include: (i) estimating the useful economic life of tangible fixed assets (li) property valuation (iii) allocation of expenditure and support costs Taxation The charity is a registered charity and so such is entitled to certain tax exemptions on income and profits from investments and surpluses on any tradiiig activities carried on in furihcrance of the charity's primary objectives, if thesc profits and surpluses arc applied solely for charitable purposes. Fund accounting The Charity has various types of funds for which it is responsible, and which require separate disclosure. These are as follows: (i) Restricted Funds: Grants or donations received, which are earmarked by the donor for specific purposes within the overall aims of the organisation (li) Unrestricted Funds Funds which are expendable at the discretion of the Directors in furtherance of the objects of the charity. Such funds may b¢ held in order to finance capital investment and working capital 18 continued...
Tar Anall Notes to the Financial Statements - continued for the Year Ended 31 March 2024 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Training income 31,335 47,675 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity Grants Receivable Grants 411,842 365,680 Grants received, included in the above, are as follows.. 31.3.24 31.3.23 Belfast City Couiicil re Revenue BRO- Health BRO - Education Department for Communities - Running Costs The Executive Office - Cominunities in Transition 10,951 48,462 80,769 10,506 28,325 102,196 402 224,251 271,660 411,842 365,680 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals Direct Charitable Governance 384,609 384,609 2,577 2,577 384,609 2,577 387,186 19 continued...
Tar Anall Notes to the Financial Statements - continued for the Ycar Ended 31 March 2024 SUPPORT COSTS Governancc costs Governance 2,577 NET INCOME/(EXPENDITURE) Net inconie/(expenditure) is stated after charging/(crediting): 31.3.24 31.3.23 Independent Examiners Fee Accountancy Fee Depreciation - owned assets 1,000 620 1,004 1,000 E.580 284 TRUSTEES, REMUNERATION AND BENEFITS There were no trustccs, remuneration or other benefits for thc year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no truste¢s' expenses paid for thc year ended 31 March 2024 nor for the year endcd 31 March 2023. STAFF COSTS 31.3.24 31.3.23 Wages and salaries SoLial security costs 204,680 13,407 228,693 17,368 218,087 246,061 The average monthly number of employees during the year was as follows.. 31.3.24 31.3.23 Managemeiit & Administration No employees received emoluments in excess of £60,000. 20 continucd..-
Tar Anall Notes to the Financial Stlitements - continued for the Year Ended 31 March 2024 COIIIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted RestrTCted funds funds Total funds INCOME AND ENDOWMENTS FROM Charitable activities Grants Receivable 365,680 365,680 Other trading activities 47,675 47,675 Total 47,675 365,680 413,355 EXPENDITURE OIY Charitable activities Direct Charitable Governance 43,106 1.080 363,953 6,488 407,059 7,568 Total 44,186 370,441 414,627 NET INCOME/(EXPENDITURE) 3.489 (4,761) (1,272) RECONCILIATION OF FUNDS Total funds brought forward 37,213 56,915 94,128 TOTAL FUNDS CARRIED FORWARD 40,702 52,154 92,856 21 continued...
Tar Anall Notes to the Financial Statements - continued for the Year EDded 31 March 2024 10. TAINGIBLE FIXED ASSETS Improvements to property Motor vehiclcs Equipment Totals COST At l April 2023 Additions 417,343 111,094 2,880 2,546 530,983 2.880 At 31 March 2024 417,343 113,974 2,546 533.863 DEPRECIATION At l April 2023 Charge for year 417,343 110,527 1,004 2,546 530,416 1,004 At 31 March 2024 417,343 111,531 2,546 531,420 NET BOOK VALUE At 31 March 2024 2,443 2.443 Al 31 March 2023 567 567 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Dfc BRO The Executive Office Prepayments and accrued iiicome 9,827 50,700 2,169 402 353 62,696 755 22 continued..
Tar Anall Notes to the Financial Statements - continued for the Year Ended 31 March 2024 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Accruals and deferred income 7,147 14,441 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Fixed assets CurreT)t assets Current liabi liti¢s 2,160 69,779 283 83,772 (7,147) 2,443 l53,551 (7,147) 567 106,730 (14,441) 71,939 76,908 148,847 92,856 14. MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestricted funds General fund 40,702 31,237 71,939 Restricted funds Belfast City Council re Revenue Belfast Ciiy Council - White Goods The Executive Office - Communities in Transition 387 567 (387) (284) 283 51,200 25,425 76,625 52,154 24,754 76,908 TOTAL FUNDS 92,856 55,991 148,847 23 continued.
Tar Anall Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. MOVEMENT IIN FUNDS - continued Net movement in funds. iiicluded in thc above are as follows: Incoming resources Resources exp¢iided Movement in funds Unrestricted funds General fund 31,335 (98) 31,237 Restricted funds Belfast City Couiicil r¢ Revenue BRO - Health BRO - Education Belfast City Council - White Goods The Executive Office - Communities in Transition 10,951 48,462 80,769 (11,338) (48.462) (80,769) (284) (387) (284) 271,660 (246,235) 25,425 411.842 (387,088) 24.754 TOTAL FUIYDS 443,177 (387,186) 55,991 Comparatlves for movement in funds Net movcment in funds At 3113123 At 114122 Unrestrlcted funds General fund 37,213 3,489 40,702 Restricted funds Bclf&st City Council re Revenue Belfast City Council - White Goods Thc Executive Office - Communities in Transition 387 (284) 387 567 851 56,064 (4,864) 51,200 56.915 (4,761) 52,154 TOTAL FUNDS 94,128 (1,272) 92,856 24 ontinued...
Tar Anall Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. MOVEMENT IN FUINDS - continued Comparative net movement in funds, included in the abovc arc as follows: Incoining resources Resources expended Movement in funds Unrestricted funds (veneral fund 47,675 (44,186) 3,489 Restricted funds Belfast City Council re Revenue BRO- Health BRO- Education Belfast City Council - White Goods Department for Communities - Running Costs The Executive Office - Communities in Transition 10,506 28,325 102,196 (10,119) (28,325) (102,196) (284) 387 (284) 402 (402) 224,251 (229,115) (4,864) 365,680 (370,441) (4,761) TOTAL FUNDS 413,355 (414,627) (1,272) 15. CONTINGENT LIABILITIES A ¢onlingent liabil ity exists to repay grants received should certain conditions not be fulfilled by the charity. 16. RELATED PARTY DISCLOSURES There were no related party transactions for thc year ended 31 March 2024. 17. POST BALANCE SHEET EVENTS Tliere were no events after the reporting period therefore no material issues need disclosed. 25 continued.
Tar Anall Notes to the Financial Statements - continued for the Year Ended 31 March 2024 18. WINDIING UP Every member of the Company undertakes to contribute to the assets of the Company, in the event of the same being wound up while it is a member, or within one year after it ceases to be a meinber, for payment of the debts and liiibiliti¢s of the Company contracted before it ceases to bc a member. and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributor's among theinselves, such amount as may be required not exceeding one pound. 19. SHARE CAPITAL The Company is Limited by Guarantee and has no Share Capilal. 26
Tar Anall Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Other trading activities Training income 31,335 47.675 Charitable activities Grants 41 I,842 365,680 Total incoming resources 443,177 413,355 EXPENDITURE Charltable activfities Wages Social security Insurance Light and heat I'clephone & Internet Sundrics Training Courses Repairs & Maintenance A1]latIOn fees Direel Project&Training Costs Printing, Stationery & Postage Paid to funder - DFC/BRO Consultaiicy&Professional Fees Deprec - Fixtures & Fittings 204.680 13,407 6,291 13,103 3,120 228,693 17,368 10,023 3,119 13 9,944 1,746 2,016 120,227 2,770 10 5,044 284 1,693 382 42 128,699 1,779 402 10,007 1,004 384,609 407.059 Support costs Governance costs Independent Examiners Fee Accountancy Fee Bank Charges & intcrcst Cleaning & Ilospitality 1,000 620 215 742 1,000 1,580 500 4,488 2,577 7,568 Total resources expended 387.186 414,627 Net in¢omel(¢xpenditure) 55,991 (1,272) ThÉs page docs not form part of the statutory financial statements 27