TOBERMORE COMMUNITY PROJECTS
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2023
Restricted Unrestrlctsd
funds
funds
Totsl
2023
31 March
2022
Notes
Incomlng resources
Incoming resources from generated funds
18,288
3,221
21,487
4,990
Incoming resources from charitsble activltles
5.500
5,500
3,500
Total Incomlng re8ourco8
23,766
3,221
26,987
8,490
Resources axpendad
Costs of generating fund8
Charitable activities
Govemance costs
27,531
3,666
695
31,198
695
12,078
860
Total resources expended
27,531
4,361
31,893
12,736
Net Incomlngl{outgolng) resources
(3,765)
(1,141)
(4,906)
(4,246)
Not movement In funds
(3,765)
(1,141)
(4,908)
(4,248)
Totsl funds brought forward at 1 Aprll 2022
31,185
1,185
32,350
36,596
Total fund8 carrled forward at 31 March
2023
27,400
27,444
32,350
The statement of financial activitieg has been prepared on the basls that all operatlons are continulng operatlon8.
There are no recognised gains and losses other than those passing through the statement of financial activities.

TOBERMORE COMMUNITY PROJECTS
BALANCE SHEET
ASAT31 MARCH 2023
2023
2022
Notes
Flxed assets
Tangible assets
24,042
25,891
Current assets
Cash at bank and In hand
Credltors: amounts falllng due wlthln
one year
4.727
7,719
(1,325)
(1,280)
Net current assets
3,402
6.459
Total a88ets1888 Current Ilabllltles
27,444
32,350
Fund8
Unrnstrlcted funds
General reserves
1,185
Restrlcted funds
27,400
31,165
Total charlty fund8
27,444
32,350
The financlal statements were approved by the commlttee on 29 January 2024
Mr B Johnston
On behalf of the commlttee

TOBERMORE COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles
1.1 General Infomiatlon
Tobermore Community Projects Is a registered charity in Northem Ireland and is unincorporated. The
address of the principal office is 6 Desertmartin Road, Tobermore, Co Londonderry, BT45 5QY.
1.2 Accountlng conventlon
Th8 financial statements have been prepared in 8ccordance with Accounting and Reporting by Charities=
Statement of Recommended Practice applicable to charities preparing their 8ccounts in accordance with the
Flnancial Reporting Standard appllcable In the UK and Republic of Ireland (FRS 102) effective 1 January
2015) - (Charities SORP (FRS 102)), the Flnanclal Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and the CharitiesAct (Northem Ireland) 2008.
Tobermore Community Projects meet the definitlon of a public benefit entity under FRS 102. Assets and
118bilities are inltlally recognised at historical cost and transaction value unl8SS Otherwise stated in the
relevant accountsncy pollcy note(s). The financlal statements are prepared on a going concern b8SIS.
The financial statements are prepared in sterling, which Is the functlonal currency of the charlty. Monetary
amounts In these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historlcal cost conventlon , modified to Indude the
revaluation of freehold properties and to include investment properties and certain financial instruments at
falr value. The princlpal accounting policies adopted are set out bel¢)W.
1.3 Golng concern
At the tlme of approvlng the financlal statements, the commitee has a a reasonable expectstlon that the
company has adequate re80urces to continue In operatlonal exlstence for the foreseeable future. Thus tha
commltee conlnue to adopt the going concem basis of accounting In preparlng the financial statements.
1A Fund accountlng
Unrestricted funds ar& available for use at the discretion of the directors in furtherance of the general
objectives of the charity.
Restricted funds are subjected to restrictions on thelr expenditure imposed by the provider of the funds.
1.5 Incomlng resources
All incoming resources are included in the statement of financlal activitles when the charity is entitled to the
income and the amount can be quantified wlth reasonable accuracy. The following 8p8cific pollcies are
applied to particular categories of income..
Voluntary income is recelved by way of grants, donations and gifts and is included In full in the statement of
financial activities when receivable. Grants, where entitlement is not conditlonal on the delivery of a specific
performance by the charity, are recognised when the charity become8 unconditionally entitled to the grant.
Donated senlices and facllities are included where this can be quantified. The value of services provided by
volunteers has not been induded in these financial ststements.
Investment income is induded when receivable.
Incoming resources from charitable trading activity are accounted for when earned.
- Incoming resources from grants, where related to performan￿ and specific deliverables, are accounted for
as the charity eams the right to consideration by its perfomiance.

TOBERMORE COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcies
(Contlnued)
1.6 Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expendlture Indudgs any VAT which
cannot be fully recovered, and Is reported as part of the expendlture to whlch tt relates..
Costs of generating funds compr15e the costs associated with attracting voluntary income and the costs of
trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such actlvities and those
costs of an indirect nature necessary to support them.
Governance costs include those costs assoclated ￿th meetlng the constitutlonal and statutory
requirements of the charity and include the audit fees and costs linked to the strategic management of the
charlty.
- All costs are allocated be￿een the expendlture categorles of th8 Statement of financial activities on a basts
to reflect the use of the resource.
1.7 Tanglble flxed assets
Tangible fixed assets are Inltially measured at C08t and subsequently measured at cost or valuation, net of
depreciation and any impairment10sses.
Depreclatlon Is recognl$ed so as to write off the cost or valuatlon of assets less thelr resldual values over
thelr useful Ilves on the following base8:
War memorial
5% stralght line
1.8 Cash and c88h equlvalents
Cash at bank and In hand are basic financial assets and indude cash in hand, deposits held at call with
banks, other short-tem liquid investments wth original maturities of three months or less, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Sectlon 12
'Other Financial Instruments Issues, of FRS 102 to 851 of its financial instruments.
Flnancial instruments are recognised In the charity's balance sheet when the charity becomes paty to the
ntractual provisions of the instrument.
Flnanclal ass8ts and liabilities are offset, ￿th the net amounts presented In the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
nat basis or to realise the asset and settle the liability simultaneously.
1.10 Baslc flnanclal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as re￿1vable within one year are not amortised.

TOBERMORE COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles
(Contlnued)
1.11 Classlflcatlon of Ilnanclal Ilabllltles
Finanrial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equty instrument is any contract that evidences a residual interest in the
assets of the company after deductlng all of its liabilities.
1.12 Baslc flnanclal Ilabllltles
Basic financial liabilities, includlng creditors, bank loans, are initially recognlsed at tr8n8action price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of Interest. Flnanclal Ilabillties classified as payable
within one year are not amortised.
Debt instruments are 8ub8equently carried at amortised cost, using the effective interest rate method.
Trade cedltors are obligations to pay for goods or servlces that have been acquired in the ordinary course of
business from suppllers. Amounts payable are classlfied as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilitles. Trade creditors are recognised initially at
transaction prlce and subsequently measured at amortlsed cost using the effective interest method
1.13 Governmant grants
Capital grants are credited to deferred revenue. Grants towards c8pIt81 expendlture are released to the profit
and loss account over the expected useful lif8 of the assets. Grants towards revenue expendlture are
released to the profit and loss account as the related expenditure is incurred.
Judgements and key sources of estlmatlon uncertalnty
In the application of the charity's accounting policies, the committee are requlred to make judgements,
estlmates and assumptlons about the carrying amount of assets and liabllltle8 that are not readily apparent
from other sources. The estimates and associated assumptions are based on hlstorical experfence and other
factors that are consldered to be relevant. Actu81 results may differ from these estimates.
The estlmates and underlying assumptlons are reviewed on an ongoing basls. Revlslons to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Operatlng 1088
2023
2022
Operating loss Is stated after charging..
Depreclation of tsngible assets
Auditors, remuneration (includlng expenses and benefits In kind)
1.849
695
1,849
660

TOBERMORE COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Tanglble flxed assets
War Momorlal
Total
2020
Cost
At 1 April 2022 & at 31 March 2023
36,988
36,988
Depreclatlon
At 1 April 2022
Charge for the year
11,097
1,849
11,097
1,849
At 31 March 2023
12,946
12,946
Net book value
At 31 March 2023
24,042
24,042
At 31 March 2022
25,891
25,891
Credltorn: amounts falllng due wlthln one year
2023
2022
Other creditors
1,325
1,260
11 Movements In funds
Openlng
balanrA
Incomlng Resources
resources
expended
Closlng
balance
Unrestrlctsd funds
General funds
3,997
1,250
(6,248)
1,001
Restrlcted funds
28,353
28,560
(4,360)
50,552
32,350
27,810
(10,609)
49,551
10-

TOBERMORE COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
12 Analy813 of net assets between fund5
Restrfcted Unrestrlcted
funds
funds
Total funds
Fund balances at 31 March 2022 are represented by:
Fixed assets
Debtors
Cash at bank and in hand
Creditors.. amounts falling due within one
year
Capltal grants
24,042
24,042
4,719
4,727
(1,325)
(1,325)
28,761
(1,317)
27,444
Related party relatlonshlps and transactlons
Trusteeg, remuneratlon and expenses
During the year ended 31 March 2023, no Trustees received any remuneratlon or other benefits (2023 - NII).
During the year ended 31 March 2023, no Trustee expenses have been incurred. (2023- Nil).
11

TOBERMORE COMMUNITY PROJECTS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Restrlcted Unrestrfctod
Funds
Funds
Total
2023
2022
Incomlng resources
Incomlng resources from generated funds
Donations
Fundraising and Grants
Sperrin Cultural Awareness
Nl Alternatives
Rent receivable
17,500
2,090
111
19,590
111
427
339
1,020
3,630
200
450
427
339
1,020
710
Totsl Incomlng rosources from genarated funds
18,266
3,221
21.487
4,990
Incomlng resourcas from charltsble actlvltlos
Mid Ulster Distrlct Council
5,500
5,500
3,500
Total Incomlng resources Charltable actlvltles
5,500
5,500
3,500
Total Incomlng resources
23,768
3,221
28,987
8,490
Resources expended
Charltable actlvltles
Support costs
Rates
Insurance
Light and heat
Repairs and maintenance
Community projects
Christmas expenses
Advertising
Bank charges
Sundry expenses
Depreciation
633
508
1,230
633
665
1,512
1,616
18,909
4,893
228
772
366
548
3,614
4,224
80
62
157
282
1,616
18,650
4,000
259
893
89
54
89
1,032
1,849
978
1.849
1,849
27,531
3,666
695
31,198
695
16,978
660
Gov•rnance costs (Page 16)
Total resourcos expended
Net Incomlngl(outgolng) resources
27,531
(3,765)
4,361
(1.141)
31,893
(4,906)
17,638
(26,128)
12-

TOBERMORE COMMUNITY PROJECTS
SCHEDULE OF GOVERNANCE COSTS
FOR THE YEAR ENDED 31 MARCH 2023
Restrlcted Unrestrlcted
Funds
Funds
Totsl
2023
2022
Governance co3ts
Audit fees
620
695
660
620
695
660
13-