Registration number N1042832 Charity Number: NIC101598 Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee Directors, report and financial statements for the year ended 31 March 2023
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee Contents Page Dir¢ctors' Report Auditors, Report 7-10 Statement of Financial Activities Statemenl of Financial Position 12 Notcs to ihc Financial Statemenls 13-18
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee Directors, Report for the ye9r ended 31 March 2023 The Trustees, who are also the directors for the puOse of company law, are pleased to present their atmual report and the financial sraiements of the charity for the year end¢d 31 si March 2023. Reference and administrative detalls Charli Number NIC101598 Th¢ charity is constituted as a company limited by guarantcc as per th¢ Meinorandum of Association Re istered Number N1042832 istered Office Presidents Grants Homestead 45 Dergenagh Road Dungannon Co. Tyrone BT70 ITW Auditors MacNeary, Rasdale & Co. Lid Wcllingtun Hou6¢ 30 Darling Sireei Enniskillen Co. Fermanagh Bankers Ulster BAnk Limitcd 14 Higli Street Oinagh Co. Tyrvne BT78 IBJ Direciof5 & Trustees The dtrectors of the cliaritabl¢ ¢onipany {¢h¢ ¢harityl ar its 1rUtsLc foi Ihkn purpos¢ Of17(•1]lieS and ihr()ughvut Ihis report are collectively referred to os the Dire¢lors. The directors serving during the year and since the year end were a5 follows.. Directors Mr Ricliard Knox (Chairperson) Ms Carmen Hainill (Vice Chairperson} Mr Trevor Lockhart {S¢cretary & Coinpany Secretary) Mr John Burrell MBE (Treasurer) Ms Hcather Nixon-McLaughlin Mr Raymond HatTison Prof Wilfred Mitchell OBE Mr David MeFarlane Mr Anthony McGonnell Ms Rosina O'Neill Company SeGretary Mr Trevor Lockhart
Community Organisatiolls of South Tyron¢ and Areas Ltd Company litnited by guarantee Directors, Report for the year ended 31 March 2023 Structure, Governance and Management Governin Docume Cominunity Organisations of South Tyrone and Areas Limited was incoLTroraied as a Company Limited by Guarantee in 2002 with a registration number of Nl 042832. The ComTnunity Organisations of South Tyrone and Areas Limited was approved for registration as a charity with the Charity Commission for Nl on 2141 Maruh 2013, with a r¢s.1ral10n number of NIC 101598. oiiitment of diretiior.s Th¢ number of Dir¢clors shall be not less than four or more than fifteen. Quorum for meetings is three of all ineinbers or th¢ number nearest on¢ third of total members which ever is greater. One Ihird (or the nuniber nearest one Ihirdl ot the Directors Iiiusl rettre at each AGM, those longest in office retiring first. A i-ctiring Dir¢ctor shall be cligiblc for re-ele¢tion. Membership is open to Olher persons (aged 18+} who are invitcd lo become Members of the Charity by the Directors aiid apply to lh¢ Charity in the forn] required by Ihe Direciors. anisalion Community Organisations of South Tyron¢ & Areas {COSTA) is a rural Support Network organisalion. COSTA'S principle activity is providing coit)munily dcvelopmcnl 5upporl primarily lo rural coniinunity groups in Dungannon & Soiith Tyrone Boi'ough CoiinLiI area. This takcs the fomi of helpiiig lo¢al sroups to d¢t¢rmine nccd in their resp¢¢tive commiinities, idenlitying tiinding opportunities and providing support lo dcvclop and d¢liv¢r projcc15. COSTA'S particular focus is helping groups with the Nl Rural Developinent Programme, soci81 economy, rural poverty, social isolation and developing eomrnunity capacity and leadership. COSTA also provides a local comiiiunity resource libi'ary and ¢ominunily venue at Presidenis Gi'ani's Homestead. COST A provides a Newsletter, a regular cmail communications, cvcnts and inforinal support, traii)iiig, inforinaiioi) ai)d workshops to build community Capacity, promoie good governdnce, and good/¢ommunily relation within Dungannon Council Area. Rcla(ed Pai'ties Commuiiily Organisations Of South Tyrone & Areas continues io work in close partnership with Cookstown & Western Shores Area Network (CWSAN}.
Community Organisatiolls of South Tyrone and Areas Ltd Company limited by guarantee Directors, Report for the year ended 31 March 2023 Risk Mana ement The trustees have taken a dctailed review of the majoi. risks to which the charity is exposed. A major risk exists with regard io fulurL Lore fundin&y for the organisation as the curreiit contra¢¢ for Ihc Rlwal Commiinily Developmcnl Support S¢rvice (RCDSSI as thi5 funding stream will come 10 an end in 2024. The funding stream provided by RCDSS provided the essential key sour¢e of thc organisation's 2ncome lo ensure rLlenlion of Ihc officc and esstntial staffing resoLe¢s. The Board believes the or&yani8alion hag eonsidered this risk and made provision under the Rcserves Policy will be Vigil1t of the organisatioii's risks as new contracts and lenders are negotiated in the coming months. This siruation is true of a large swathe of the sector at this point in lime, howL vcr, COSTA TrLksl¢¢s aro knonfidcnt that they will bc able lo sustain tlie organisalion witli both current coniracts, current reserves and new opportunities. Tlie NetWOTk l]as applied jointly witli CWSAN 10 DAEIiA's new Teiider pi'o¢ess for the RCDSS and has been successfully ddwarded a new coiitract which will run for up to 5 years ahead. Risks lo Directors, staff, cli¢nts and members of the public are covered by robust directors, employers and public liability insuraiices. Directors are cvcr aware of their govcniance responsibilitics and a reserve fund is mainiained so that in the unlikely event that the charity had to close, the Dircctors would be in a position lo honour r¢dundancy payment5 and other legal and moral obligations. Risks of Inis2ppropri2tion of fiinds are man2ged throu8h fin&ncial policies and procedures including a fraud policy and the annual ¢xtemal audit of accounts. Risk managem¢iil policies and procedures are in place aiid a reviewed regul&rly.
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee Direetors, Report for the year ended 31 Mareh 2023 Objectives & Activities In ensuring that the activities of COSTA provide a public b¢n¢fit, all our activities are related to one 01 mor¢ of thc following charilablc objectives- A. lo promote the efficiency and effectivenesg of voluntary and community organisations and projects in the area of benefit by providing advice infomation. education and training, administrative support and practical assistance Io liULh ()rganibalions dnd projeclq for Ilie benefit of the public; to promotc or assist in thc pronioting communiiy capacity building programmes 2nd projects for the benefit of the people in the ar¢a of benefit who have need of such as.8i%iaiiLe,' to promote or assist in the promoiion of and cooperaiion aiid networking between volunlary and community organisalions in the area of benefit bctween Ihemsclves and others- D. lo support community development, social iiiclusion and wellbeing activities and lo work wilh parthers 10 support and iniprove the conditions of lh¢ inhabilanls iii rural lifc and Ihc developin¢nt of a sustainable community., to idcntify the funding and policy needs of voluntary and communily organisations in Ihe area of benefit. to promote the advancemeiil of health and well_b¢ing,' G. lo prornoie good relations, religious and racial harmony and equality and diversity. lo promote awareness of the cominunily in the area of benefir among publi¢ bodies, service providers and staiulory &g¢niics and to act as a represcniarive of voluntary and community orLFanisations offering services uiid support to tlie inhabililllts in the arca uf benefit: lo advan¢¢ any other ¢xclubivLly ¢hariublL purposL as the directors, may from titne lo lime, decide in accordance with the law of charity. Achievemonts and Parformance The overall aim is to improve the hLalih und wcllbcing of pcople living in rural d¢priv¢d aT¢115, thus supporting those rui'al dwellers livingr in or at risk of poverty and social exLlusion. Key Activltles for the Year: Rural Community Developmcnt Support Service (RCDSS) Coinmunity Orbyaiiisdtion8 of Souili Tyrone and Areas Lid (COSTA) iii Lonjui)ctioii wilh Cookstown and W¢slem Shor¢s Area Netwvrk (CWSAN) hav¢ coniinuEd to work in Llose panneiship. With over 8 years now already completed, we strive towards the stait of our 13th year, in April 2023, of deliv¢ring the 'Rural Conuniinity Development Support Service, for Il)e Mid Ulster area covering the Dungannon and SouEh Tyrone area (COSTA) and the Cookstown & Magherafelt areas (CWSANI. Tlie key elements of this currcnt conlra¢l with the Department of Agriculture, environment & Rural Affairs {DAERA) supported through their Tackling Rural Poverty and Social Isolation FramewoTk (TRPSI) are: Local Groups: Lncreased Awarenessl Improved Capacity & Enhanced Sustainability- Local Individuals.. Improved Capacity of Individuals, Farmers & Farm Famili¢s' Relationships= Bonding, Bridging & Linking.
Community Organisations of South Tyrone and Areas Ltd Company limited by gllarvdntee Directors, Report for the year ended 31 March 2023 The RCDSS provides on-going practical Community Development support services - responsive local group's needs.. Events / Workshops / Visits / Meetings. Ncwsletters / E-Bulletiiis / Public Relations. Faccbook Page / WLb%ite. Uso of 'Granl-Tracker' / funding bearLhes ¢1¢. Assistan¢¢ with funding applications. Networklng & Sharing cxpertise. Capacity Building, TTaiiiiii8. Good Practice ChecklisT8 & Action Plans. Governance & Board l Miinag7emenl Committee Skills. OffiLe Service8- access to photocopying, fax dnd email. ResoLwce5, Library. Equipment loan. Widc raiige of Managcinenl & L¢4idcrship Suppon Services. Coinmuiiity Audit (support), SWOTS, Profile.4, Ststistics. Policies, Procedures. Good Practice Guides. Action Plans, Necds Ass¢ssmcnts, Skills Reviews. Financial Revlew Ov¢rall Ili¢ Directors feel that ihe Cl)arity lias performed well over the year. Despite th¢ increasingly difficult funding Llimate. th¢ Board of Directors VL. 11)aiiagcd LO iiiaintain a sound fiiianciul b(Isis. Tliis has be¢ii (Ichicved ihrough a very proactive and focused approach in th¢ impl¢mentslion of a successful fundraising Strategy> Continuous review of over-heads and che iiilruduction of cost Saving nieasures. Th¢ Direciors have also been able to ensure that core funding has been retained into the coming year. A Reserves Policy is in pla¢c, which allows for an aniiual r¢serve lo be hcld ranging belwcen a minimum of £25,000 to £35,000. The actual free reserves at 31 March 2023 are £20,899 in order lo ensure that the organisation holds sunicient reserves to niLet any unforeseen scenai'ios. Community Organisalions of South Tyrone and Areas Limited has a Reserves Policy which iJ¢(ails why reserves are lield alid IhL. l¢v¢l of rcserves appropriate for th¢ cliarily. The Iru%lee8 rLview the level of'free reserves required (Ihdl is Ihosc funds nof tied up in fixed asscts, designated and reslriclcd funds) on an aniiual basis to ensure continuity of ¢hai'itable operations. The eharity is looking ways of increasing fuiiding lo rneet currei)t iieeds and this is reviewed annually. Designated resLfv¢5 for various purposes are detailed and a cash flow fund is hcld to bridge any polenttal gaps or short-falls in riiiding slreamb and lo uiid¢rpiii variable prograinmcs thal are experiencing ¢a.s1i flow prDbleiiis. A stafFingF fund is held lo cover sickness. maternity and lo meet all redundancy costs. Plans for the Future Perlods The Conipany plans to continue in developing ils services in line with its strategic priorities outlined above and it will seek to develop collaborative partnerships witli a range oFcxt¢rnal agencies. Funding arrdngemenls will be kept under review in relation lo demand for gervice improveinents and constraints on public expenditure. As a networking organisation. we lake s¢riously our role in supporting the local rur<il and community infrastructure, disseminating best practice, and sharing ¢xperiences so thal ¢oinmunities can leani from eauli oth¢r. Publi¢ Benefit Stat•ment The direct benefits wliich flow from tiiis purpose include improves.. cooperation. good/community relations- nctworking,. skills,. confidencc? govemance in iominunity groups,. increased capability in the management of community projects and facilities,. increased aecess to funding for groups to develop projects.. better inforined group representatives ab(Trut th¢ scctor lind opportunities. enhanced ability to participat¢ in decision making on policies which Mffect rural areas,. rnore aLLCSS to equipnicnt as and whcn groups require it- strengthened ability of groups and individua15 to 2vail of programines which will improve their circuinstances and oppominities. Thesc benefits are evideiiced througJh feedback from attendees at our events using evaluation fonns. surveys conducted with member groups- records of loanusing equipment. verbal feedback of services provided,. and iiidependent evaluatl01i of our services by funders. There is no harm anticipated froin this purpose. The charity's beneficiarics arc prin]arily thc pcople living in ruial areas of Dungannon & South Tyrone Borough Council srea. A priv2te benefit to Truslces may arisc frorn our ongoiiig services and programnic of training. good praclisc visils, direcL SUPPOrt to groups, support provided through grants or information provision. Through this, Trusl¢¢s gain skills, exp¢rioiice, oi- giant aid which aic transfcrable 10 otlier s¢ttings, and which may bencfil their own comniunity group. Our own Trustees receive infomation in the same way as other b¢neficiaries. These bcnefits aTe incidental and ncc¢ssary to ensurc th¢ beiiefit LS Provided to our belleficiaries.
Community Organisations of South Tyrone alld Areas Ltd Company limited by gu2r2ntee Directors, Report for th¢ year ended 31 March 2023 Trustees, responsibilities statement The trustees, who are also directors for the purposes of company law. are responsible for preparing the trnsiees, report and the financial stateinents in aceordancc with applicabl¢ law and Uiiited Kingdom Accounting Standards (United Kingdom Generally Accepted Ae¢ouiitiiig Practice). Company law requiies the charity trustees lo prepare financial statements for each ycar which give a true and falr view of the state of affairs ofthe eharitable company and the incoming resources and application of rcsources, including thc income and expendItie, for that period. In prepariiig Ih¢se finai)cial statements. the trust¢es are required to.. selcci suitable accounliiig policies and then apply them consistently. observe Ihc methods and principles in the appliLablL Charities SORP.. mak¢ judgmLnts and accoiinting cstimalcs 111411 (IIL reolil)ll4ible and prudent,. prepare the financial ststcimcnls on thc going conc¢rn bu5is unless it is indppropriaie to preswne that the chArity will continue in business. Tlie tSteeS are responsible for keeping adequate accounting records Ihat are suffici¢nt to show and explain the cliaTity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable th¢m lo ensure tliai the fiiiancial Sialemenls comply with ¢he Companie8 Act 2006. 1-hey are also r¢sponsiblc for safeguardiiig the asscts of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor LaLh of the persons who is a trust¢e al the dat¢ of approval of this report confirms that- so far as they are aware, there is no relevant audit xiitorrnation of which the cliarity's auditor is unawar¢; and they have taken 811 sieps that they ought to have tsken as a trustee to make Iheinselves aware of any relevant audit infvrinaiiuii dnd L(Tr ¢Sl<iblish Ihai the charity's audilor is aware of that iftformatiDn. Thc &udilor 18 deemed to liavc been re-appoinled in accordance with section 487 of the Companies Aet 2006. Small company provlslons Thi5 r¢port has been prepared in a¢¢ordance with the provisions applicable to companies entitled to the small companies exeinplion. The trustees, annual report was approved on 30, Septeinber 2023 and signed on behalf of the board of trustees by- Richard Knox Chatrperson Trevor Lockhart Secretary
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee Independent Auditors. Report to the members of Community Organisation of South Tyrone and Are2$ Ltd for the year ended 31 March 2023 Opinion We have audited the financial statemenls of Community Organi.qalion of South Tyrone and Areas Ltd for the year elided 31. Marcli 202.3 which comprise statement of financial aciiviiies (including income and expenditure account}, Slatem¢nt of rinancial position and noies lo ihe financial sthtem¢nlS, including a suminary of significant aL'Louiiting policies. The financial r¢porting fraiiicwork thal lias bLcn applicd in their preparation is applicable law and Uniled Kingdom Accounting, Standards, inLluding Finan¢ial ReportiT]g Standard 102 The Financial Reponing Standard applicable in the UK and Republic of Ireland (United Kingdum Gen¢rally Acccpted A¢¢ounling Pi'actice). In our opinion, the financial statements: Give a true and fair view of the state of the company's affairs as at 31 hl March 2023 Have been properly prepared in acLordance wich the United Kingdom General Accepted Accounting Practice; Havc been pI'epdr¢d iii accordance with Ilje requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Inlerna¢ional Standard on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fijrthcr described in th¢ Auditor's rebponsibilitics for the audit of the financial ststcmenls section of our rcport. We are indepcndcnl in accordance with the ethical requirements that are relcvanl lo our audit of the financial slaleinent in the UK, including the FRC',s Ethical Standard, and we liave fulfilled our otli¢r ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basi5 for our opinion. Conclusions r¢lating to gtsfing concern We have nothii)g lo report in respect of the tollowing inalters in relalion to which the ISAS (UK) require us lo report 10 you where: The directors, us¢ of the going concern basis of accounting in the preparation of the financial statem¢nls is not appropriate., or The directors have not disclosed in the financial statements any identified matcrial un¢ertainlies that may cast significant doubt about the company's dbility to continue to adopt Ihc goiiig conceni basis of accountin8 for a period of at Icast twelve month5 froni the dale when the fLnancial stateinents are authorised for issue. Other information Tlie directors are responsible for the other inforniation. The other inforniation comprises tlie inforn]ation iiicluded in the annual report, other than the financial staleinents and our auditor'5 report Ihereon. Our opiiiioii on the financial 51atemenls does iiot cover Ihe other inforination aud. except to the exleiii oiherwise explicitly slated in our report. we do not express any fomi of assurance conclusion thereon.
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee Independent Auditors, Report to the members of Community Organisation of South Tyrone and Areas Ltd for the year ended 31 March 2023 In connection with our audit of the financial stateinents, our responsibility is to read the other inforination and. in doing so, consider whether the other iiifornlaiion is maleTially ii)consislent with the financial statements or our knowledge obtained in the audit or otherwise appears lo be Inalerially misstated. If we ideniify such material inconsistencies or appareiil rnaterial misstatements, we arc requircd lo detcriniiie wh¢ihcr there is a niaterial Inisslatement in the fiiiancial staiemenls or a material misstatement of the other information. If, bascd on thc work w¢ have perfornied. we conclude that there is a material misslatemenl of this other inforn]atlo we are required to report that fact. We have nothing to report in this regard. Opinions on other matter$ prescrlbed by the Comp#nies Act 2006 In our opinion. based on th¢ work undertaken in the course of ihe aiidit.. The infornialion given in the directors, repon for the financial year tor whi¢li the fiy]aTJcial slateiiients are prepared is consistent with the fiiiaiicial statements., and The directors, report has been prepared in accordance with applicable legal rcquiremenls. Matters on which we are requlred to report by exceptlon In the light of the knowledge and understanding of the company and its environment obtained in the course of Ilie audit, we have not idenrified misstatements in the directors, report. We have nothing to report in respL¢I of the following Inaiiers in reltilion lo which the Companies Act 2006 require us lo report lo yoii if, in our opinion-. Adequate accounting records have not been kept by the Company. or returns adequate for QUT audit have not been received by u8. or The company financial statements are not in agreement with the ac¢ouiitiiig records and returns. or Cerlain disclosures of directors. remuneration specified by law are iiot made., or We havc not received all the inforinalion and explaiialions we requir¢ for our audit. Responslbilitles of dir¢ctors As explained more fully in the directors, responsibilities statement. the directors are responsible for the preparation of the finan¢ial statements and tor bcing satisfied Ilial they give a truc and fair view, and for such internal control as tlie directors determine is nLLessary lo enable the proparalion of finaii¢ial 5tatemcnls lliat are frec from rnalerial mi5Stalement, wheiher due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the coinpany'5 ability to contiiiue as a going coii¢em. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend io liquidate the company or to ceasc operations, or liave Iio realistic altemativc but to do so.
Community Organisations of South Tyrone and ètreas Ltd Company limited by guarantee Independent Auditors, Report to the members of Community Organisation of South Tyrone and Areas Ltd for the year ended 31 Marrh 2023 Auditor's responsibilities for the audit of the financiAI statements Our objeclives are to obtain reasoiiable assurance about whether the financial statements as a whole are free frorn material misstatement, wherher due to fraud or error, and lo issue an xuditor's report that includes our opinion. Reasonable assuraiice is a high ILvel of dSsuranLL, bui 15 nol a guarantLc thai an audit LonduLILd in accurdanLc with ISAS {UK) will always dLtLct a material misstatement when il exists. Misslaleinenls can arise from fraiid or error and are considered ii)aterial if, individually or in the aggrcgatc, thcy could rcasonably bc cxpcLlcd 10 influcnuc the cconumic dccisions of uscrs k¢n on thc basis of Ihesc financial siateiiients. This report is made solely lo the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work lias beeii underlakLn so tliat wc n]i¥ht statL lo IhL' Lompany's mcmbcrs thosc inatters wc are required to stale to them in an auditors report and for no other purpose. To the lIest extent permitted by law, we do not accept or assume responsibility lo anyone oiher than the Lompany and the company's mernbers as a body, for our audit worL for this report, or for the opiiiions we have forined. As part of an audit iii accordance with ISAS (UK}, wc ex¢rcis¢ professional judginent and maintain professional scepticism Ihroughout Ihe audit. We also.. Identify and assess the risks of material inisstatcmcnt of Ilie financial statements, wliether due to fraud or error, dcsign and pcrform audit procedures rcsponsive to thosc risks, and obtain audit ¢vid¢ncc that is sufficient and appropriate to providc a basis for our opinion. The risk of Tjol dclccling a inalcrial inisslatcincnl rcsulting froni fraud is hislier tliaii for oiie resulting from error, as fraud inay iiivolve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of iiitemal control rel¢vanl 10 the audil in order lo design audit procedures that are appropriate in the circiimstances, bul noi for the purpose of expressing an opinion on the effecliveiiess of ihe Lompany'%' interndl Lontrul. Ivaluaie the dpproprialeiiess of a¢¢ountAng policies us¢d and th¢ r¢asunablenes5 of accounting ebtimates and related disclosures niade by Ilie direciors. Conclud¢ on th¢ approprialencss of the directors, use of the going concern basis of accounting and, based on the audit evid¢ncc obiaiiicd, whclher a Iat¢rial unccrlainty exists related to ¢vcnls or conditions that may cast significant doubt on the company's ability lo coniinue as a going coiicern. If we conclud¢ ihal a maierial uncertaiiity exists, w¢ arc required lo draw atlenlion in our auditor's repoit lo the related disclosures in the financial statements or, if suLh disclosures are inadeqii&tL', to modify our opinion. Our ¢on¢liisions arc based on the audit evidence obtaitted up to the date of our auditor's report. However, future events or eonditions may ¢aus¢ th¢ company to cease lo continu¢ as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and wl)etlier the financial statements repreent the underlyiiig Iransactions and cvents in a manner that achieves fair presentarion. Obtain sufficicnt appropriate audil evidence regiarding thc financial information of the entity or business a¢iivilies lo ¢Kprcss an opinion on the financial stat¢mcnls. W¢ are rcspoiisible for the di¢11011, supcrvision and p¢rfoiniance of the audit. We reinain solely responsible for our audlt opinion.
CommunAty Organisations of South Tyrone and Areas Ltd Company limited by guarantee Independent Auditors, Reporl to the mcn]bers of Community Organisation of South Tyrone and Areas Ltd for the year ended 31 March 2023 We communicate with those charges with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings. including any sIgficant deficiencies in internal control that we identify during our audit. AJVthon)i Rasdale ( nior Statt4tory Au For and on bekalf of MacNearv, Ra.fdale & Co. Liniited Chartered Ae¢oupitanls & Statiilopv Atidiior Wellington Hnu.¥e 30 Darling Street Enniskillen Co. Fermanagh 301h Sepleniber 2023 io
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure Account) 31 MARCH 2023 21123 Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2022 Total Funds Note Income endowments Donaiions aiid gifts CharitsblL aLIiviiics Rele1e of Deferred Jncome 48,470 48,470 46,555 Total Income 48,470 48,470 46,555 ExpcThditure Exp¢nditure on charitable activities 42,751 42,751 43,633 Total Expenditure 42,751 42,751 43,633 Net incoinel (deficit) 5,719 5,719 2,922 Oiher recogiiised gains and losses Other gain/{10sses) Net movement in funds 5.719 5,719 2,922 Tolal fund5 brought forward 20,899 47,071 67.970 65,048 Toial funds carried forward 20,899 52,790 73,970 67,970 The statement of financial aclivilie8 includeq all gains and losses recognised in the year. All income and expenth'iurL derive from Lontinuing activitics.
Community Org2nisgtions of South Tyrone and Aregs Ltd Company limited by gllarantee Statement of Fin2neial PositllJD As At 31 March 2023 Unrestrirtedl Total Unrestrietedl Total Fund$ 2023 Funds 2022 Notes Fixed assets Tangible fsxed assets Current assets Debtors io Cash ai bank and in hand 88.198 82,479 Creditors: amounts falling due within one year li 1,500 1,500 Net current assets 86.698 80.979 Total assets less ¢urrcnt liabilities 86.698 80.979 Deferred income {13,009) (13.009) Ivet a$8ets 73,689 67,970 Funds of the charity Restricted funds 52,790 44,071 Unrestricted funds 20,899 24,119 Total eharity ndS 13 73,689 67,970 Th¢s¢ financial $lat¢incnts have been prepared in accordaiice willi Ihc provisions applicablc lo companies subject to the small coinpanies regimL. The financial stateincnts were approved and authorised fvr issue by the board on 30, Scpleinber 2023 and signed on its behalf by.. Mr Richard Knox (Chairperson) Mr Trcvor Loc art (Se¢r¢tary) 12
Communi anisitions of South Tvrolle and Areas Ltd Com an Limited b Guarantee 'oILs to the Accounts For The Year Ended 31 March 2023 General information The charity is a private coinpany limited by guarantee, registered in Northern Ireland and a register charity in Northern Ireland. l. Statement of compliance Thes¢ financial statements hav¢ becn pr¢par¢d in compliance with FRS 102, "The FinanciAI Reporting Standard applicable in th¢ UK and th¢ Republic of Ircland" the Staicnicnt of Recomiiiended Praciice applicable 10 charities preparing theiT accounts in accordance with tlie Financial Reporting Stsndard appli¢&ble in the UK and Republic of Ireland (FRS 102) {Charities SORP) (FRS 102). 2. Accounting Polieies Basis of preparation The financial Slatements have been prepared on Ihe historical cost basis. The financial statement% kre prepared in sterling, which is the functional currency of the entity. Going Coneern Tliere ar¢ no material uncertainties about the charity's ability lo continue. Judgements and key sources of estimation uncertainty The preparation of tlie financial statemeiits requires management lo make judgements, esliinates and assumptions that aff¢¢i the aniounts reported. These Lstinisjtes and judgemcnts arc continually reviewed and are based on experience and other faclors, in¢ludin&F Lxpectalions of I'ulure Lvunls ihal arc bclicvcd io be rLasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the directors to rther any of thc chIly'S purpose5. R¢siricted fLLnds arc subject lo restrictions on iheir expenditure declared by the donor. Incoming Resources All inconiing rcsourc¢% are iiicludcd iii the stateinenl of financial aciivilies when entitlement has passed to Ilie charity; it is probabl¢ tliat th¢ ccontsinic b¢nefils as5QClaled with the transaction will flow to the charity and the amount Can be reliably measured. The following specific policies are applied to parlieiilar cat¢8ories of income- Income from donations or sraiits is rcColIca whcn Lhcre is ¢vidcnce of entitlcmcnt lo th¢ gift, receipt is probable and its amount cali be measured reliably. Incoine froin donatcd goods is measured at the fair value of the goods unles8 this is impractical to measure reliably. ii) which case the value is derived froin Ilie Cost lo tlie donor or the estimated resale value. Donated facilities and services are recognised in th¢ accounts when rcccived if thc value can be reliably measured. No amounts are included for the contribution of general volunteers. Income fi'om contracts for thc supply of 5¢rvices is recognised with the delivery of the contracted servtce. This is Classified as um'eslricled funds unless there is a contractual requireinent for it to be spetst on & particular purpose and returned if unsper]t, in which case it m&y be regarded a5 restricted. 13
Communit Or anisations of South T Com anw Limited b Guarantee Notes 10 the Accounts con¢. For The Year Ended 31 M2rch 2023 rone and Areas Ltd Resources ex ended BKpendirurc is recogniscd on an acclS basis as a liability is inLurred. F.xpeMditure includes any V AT which cannot be fully recovcrcd, and is ¢lassifi¢d undcr hcadings of th¢ stat¢ent of financidl activities 10 which it relates.. Expendirure on raising funds includes the cosis of all ndraising activities. events, non-charitable trading aclivitie.g, and the sale of donated goods. Expenditure on charitablc activities includes all Costs InCued by a charity in undcilaking activities that further ils charitable aims for the benefit of ils beneficiaries. includingv those suppoit costs and costs rclalins lo ihe &Fovernance of the charity apportioned to charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct cosls attributable to a single activity are allocated diTeCtly to that aciivity. Shared costs are apportioned between the activiri¢s they concrtbute to on a i'easonable, justifiable and Lonsisienl basis. Limlted b uarant Cornmunity Organisations of South Tyrone and Areuts Ltd 15 a company liiriled by guaraiit¢¢ and aCLordingly, does not havc a share capital. Every member of tlie ¢ompany underlakes to ¢ontribulc such amouni as may be required iiot exceeding £1 to the assets of Ihc charilable company in the event of il being wound up while h¢ or she is a member, or within one year after he or she ceases lo be A member. 3. Unrestrficted Income Unrestricted Funds 2023 T(btal 2022 Tot41 Donations and Gifts Deferr¢d Income Release 14
Coullnunity Organisations of South Tyrone snd Areas Ltd Note5 to the Accounts For the year ended 31st March 2023 3. Restricted Funds Re5tri¢ted Fund Income 2023 Total 2022 Total Analyis of Grant Income Received DAEIiA Grant MUD Strategic Netwoik Grant CSWAN Rural Wam & Chatty Place 43,750 3.000 720 I,oou 48,470 43750 3000 720 1000 48,470 43.195 3.000 360 4. Analysi5 of resources expended Unrestricted Expenditure 2(123 2022 Total Analysis of resources expended for charSt2ble activities COSTA Covid-19 Micro Grants Staff Pension Costs General Expeiises Travel Expenses Bank Fees LigTht & Heal Subscriptions 438 438 Charitabl¢ expenditure comprises those costs incurred by the cliarity in the delivery of its activittes and services for i(s beneficiaries. 15
Community Organis3itions of South Tyrone and Areas Ltd Notes to the Accounts For the year ended 31st March 2023 6. Analysis of resources expending for grant purpo$¢$ 2023 Total 2022 I'otal Anaylsis of restricted grant expenses DAERA Grant MUDC Granl 43.750 3.UUO 43,195 43.195 7. Staff Cost$ No einployee received emolun)cnts of more than £60,000. The true staff Losls of lh¢ company during7 tlie year is iiolLd bclow. Thc bl(iff Losls disclosed in thc accounts liave bc¢ii reduced as th¢y Iiav¢ bccn fundcd by a DAERA Grant 2023 2022 Wa8es & Salarics Social ScLurity and Pensioii Costs 30.507 2.746 30,507 2,746 33,253 33,253 Amounts of Staff Costs Funded by Grant As$lst*nee DAERA Grant Funding 33,253 33,253 8. Emoluments of Direetors No director or member received any remuneration troin the cotnpany during the year (2023.. £Nil). 16
Community OrganisatioDs of South Tyrolle and Are*s Ltd tNotes to the Accounts For the year ended 31st Mgreh 2023 9. Tangible Fixed Ass¢ts Fixtures & Fittings Total C05t: At 31 March 2022 Additions Disposals At 31 March 2023 4.979 4,979 4,979 4,979 Accumulated Depreciation: At 31 March 2022 Charge for year At 31 March 2023 4,979 4.979 4,979 4,979 Net Book Value: At 31 March 2022 At 31 March 2023 10. Debtors 2023 2022 Other Debtors 11. Creditors .. Amount$ falling due wlthin one year 2023 2022 ALcruals 1.500 1.500 1,500 1,500 Deferred Income- Government Grants 13,009 13,009 17
Community Organisations of Sollth Tyrone and Areas Ltd Notes to th¢ Accoullts For the year ended 31st March 2023 12. Provlslons for liabllities 4nd charges There arc no provisioTJ5 for liabilities and Lharges in the current or previous year. 13. Total Charity Funds There was no fund transfer between restricted and unrestricted fuiids within tlie year. Total Fund Total Balance of unrestricted filnds at l April 2022 Deficit allocation to general reserves BalAne¢ of unrtstri¢t¢d fund$ at 31 March 2023 20,899 20,899 20,899 20,899 Balance of rcstrict¢d funds at l April 2022 Surplus alloLa(cd to restricted r¢s¥rv¢ Balance of re$tricted (unds rlt 31 March 2023 47,071 5,719 52.790 47,071 5,719 52.790 Total funds both restricted and unrestrieted at 31 MarLh 2023 73.689 73,689 14. Cash Flow Statement Under Ilie provisions of Financial Reporting 102, the company is permitted lo prepare annual a¢¢ounts which exclude a Cash Flow St&temenl. Ig