Regly¢r%lion number NX042832 Charity Number: NIC101598 CommuDIty Oryanlsatlons of Soutb Tyrone And Areas Ltd Company lirniied by 8u&r4Dtte Dlre¢tors' r¢porl gnd finnel•l stleJnellt8 for the y•ar ended 31 March 2024
Community Or¥ni¥ations of South Tyrone and Areas Ltd Company limited by guarantee Colltents Pe Directo, R¢port Auditors, Report 7-10 Statem¢ni of Financial Activities Statement of FinarKial Posilion 12 Nvts lo Ihe Financial Siemenig 13.18
OryamilIO of South Tyrooe and Am5 Léd Company 11rn1t by 8yaraDtev Dlrertors, Report ror th¢ year ellded 31 Mareh 2024 The Ttte5. who Ire algo the direclors for the purp)8c of ¢(rnpy law, aro pk45 present thtir Annual rcpon and the financial arnen of ihe charily for the year ended 3 1st March 2024. R•f•r•nc• arKI a¢knlnl•tr¥tlv• d•tsll• Charil Nurnber NICIOli98 The charity i$ ¢onstilut¢d As a wmplny liroit¢d by $udrLnt¢¢ p¢r the Munor8ndum of Asso¢i81ion Re igttled Number N1042¥32 R¢ iswed ol¢t Presiiknts Homestead 4J Dergena8h Road Dun8annon Co. Tyrone BT70 ITW AuditQT5 M¥Neary, Ra5dak & Co. Ltd 1vell1n8rt Hous¢ 30 DaTlin8 S¢rc Enniskillen Co. FerMa&h Bwiker$ Ulsier Bank Limiied 14 Hi8h Str¢¢i Om•8h Co. Tyrone BT78 IBJ Dir¢¢tor$ & Tru$lc¢s The dirffion ot the ¢h8ritsble c()mpAny {ihe charity) Are ils trustees for the puy of choriti¢s and throughoul thi$ report are ¢olle¢iJvety referred io 03 the Dlrexth. 'I'he director5 s¢rvln8 during the y¢4r and slnce the ytar Ld were as follow$.' DlrnctoK8 Mr RIrtrd Knox (chaIrr?)n> M$ carnn Hamill {Vi¢e CliaiFp¢rsonl Mr Trevor Lo¢khan {SecTeiary & Company se¢rEryI MT John Burrell MBE ITre4surer) (Deceased 6112Q0231 Ms Heather Nlxon-McLau8hlÉn Mr Raymnd Harriion Prot Wilfr¢d Miichell OBE Mr l>dvid McFarlyrÈe ( R191222024) Mr Anihony ML(onn¢ll Ms R05ir4 O'Ncill Ms Sliaron M¢Aleer ( Aptxiinted 221(r2024} company Secretary Mr Trevor Lockhart
CommMMIty Org&nisaiions of South Tyrone and Areas Ltd Company limilod by 8u¥rxnttt Dlrectors, Keport for the year ¢nd¢d 31 Mwrch 2024 8tru¢tur•, Gov•man¢• and Managwnont Communii). Oryanisaiions of South Tyrone 8TMJ Ar¥ Limid was in¢orw)ra¢cd a5 a Company Limid by Guarante¢ It) 200? Ivith a resratIOn number ofNI IM2832. Tht Communiiy Or8anisthiions of SOUUI Tyron¢ •Ki Arcas Limitrd WAS approved for T¢giwution a5 a chwiiy iyiih ihe Charity comm10Th tor Nl on 21 Mareh 2013, with a re8istralion numb•f of NIC 101598. The number of Directors sh411 be nol lesy ilwj four or more than fitiecn. Quorurn lor meetin8s is thre¢ of all memttrs or thL numb¢r rteare5t one ihird of iothl members ivhich ever is greater. O#c ihird (or the numb¢r n¢r¢sl on¢ thirdl ol. Ihe DIrty)r5 n)uJi rixir¢ at ¢•rh Ackl. thox lun¥¥bl in uffi& r¢tiring first. A reiirin8 Dire¢lor shAII be ¢li8ibl¢ for re-el¢clion. M¢mberyhip 15 open (o oih¢f peTY)ns {08ed 181 who inviL¥d to b¢com¢ memberi orthe Lharity by the Directors 8nd apply ts) th¢ Charity in the forni r¢4uir¢d by the Di11[5, c.ommunity &8anisations ol'souih Tyrone & Are (COSTAI i¥ 4 rural Support N¢iivork or8ani381ion. COSTA's princ'iple aciivity is providin8 Community (ki'elopment SUFP)rt primarily ¢0 TurAI ¢tsrntnunity groiips in Diin8unnon & Suuih Tyrone Borough C".oun¢'il area. 'I'his tske5 ihe fom ol'li¢lpin8 local 8roupy to detennine nced in ih¢ir respective comrnuniiiey. id¢Jilil'ying funding Opnun1IjCS ond providin8 SUPPOrt tt) dev¢lop and deliver projeL't&. COSTA'S parii¢ular lo¥us helpin8 8roups with ihe Nl Rural Developinent Pru8rumme, >¢1&] economy. rural p)verty. Social isol81ion and devtlopin8 community ¢UpilY l¥wJcrbhip. COSTA also provide3 th local community r¢sour¢e libr4ry and communily v¢nue ai Presidnis Grnnt's Hom¢¥t¢ad. COSTA wovidej a Nei¥slett¢r, a rc8ul&r ¢m4il communiL'aiion& evenLi and intorni81 support, Irainin& infomi8tion and workshop¥ io build communilv capacily> promo* 8o¢)d 8overnancL, and iixNYMMttlry reL10n wiiliin Dungonnon Council Area. Communily OTyunL5aiiony Ol. Soulh Tywnc & Are4s ¢oiiiinucJ ivork in LIos¢ w(tJU5hip wilh Cook$ioivn & Wesiein Shores AreA Network (CWSAN).
Commuryity Orwi8té¢ioaJ of South TyroM¢ and Areas Ltd CoThpsDy Ilmlted by guarnniee Dlr¢don' RepTrrt for (kn y•Ar endèd 31 Mar¢h 2024 Thc tntsiee3 havc k¢n a drfailed revicw ol- ihe major risks io whiLh ihe chariiy is exsed. .4 major risk exigts with regArd io fulure eor¢ lundhng lor the ganIsati0Th as the Ctsrrcni cvnlrxi for the Rurnj Communiiy Dcvelopmrni Support Service {RCDSS) as this fvnding Stream i¥ill come to an end in 20?6. The fundin the essentsai kcy sour¢¢ of the or$anisa(ion's inwme Lo cnsiirc Tetcnlion of the o stream provided by RCDSS provided ice and ¢4ieniio1 starring resources. Ihe Board believes ¢he or8anisaiion has consid¢red thig risk and made proviskon under RcseTh¢s Policy ivill be Vl8ilani of the orgarbisauon'¥ ii5k5 as nthv coniraas &n(l *nders Are neKoii.Iled in ihe comin tru¢ ot ¥ IJT8¢ SWdih¢ ol'ihe sector ai Ihis point in time. hoi¥¢v¢r. COSTA Trusie¢s 8r¢ con month5. Thls siiuaiion is Ideni ihat ihey will bc able to SLLSlft the organisation wilh tKbih curml contracts current reserves and new owortuniiies. The Netwo has t4¥1ied joinily with CWSAN to DAERA'S new Tender pmcess for the RCDSS and ha5 been suc¢¢Jsfully awar(kd 4 ncw contraci which i¥ill nm for up to 2 years ahead. Risks lo Dir¢Lts)r4 sthff. ¥lICn and m¢mb¢rs of ihe public Jre verj by robusi dire¢iors. employers and public Iiabiliiy insurances. L)ireciors wt ¢v¢r aware ofthc&r 80Vern¢C rcsponsibiliti¢S WM4 a r¢serve fund 15 moiniainod 30 thal in the unlikcly eveni Ihai ihe charily had w ¢lose, the Dir¢¢tors would b¢ in a posiiion to honour redundancy poyments And oth¢r le8al and rnoral ()bIl&I0[1s. RL8k8 uf mTrsappropriaiion of funds ur¢ manag¢d Ihrou8h fin&n¢ial w)lici¢s and pyocedurcs includln8 a fraud wjllcy and thc annual exrnal ftudit of xrounts. Risk mamgemeni policie$ and procedurw are in platt and ¢ revie%¥¢d r¢sularly.
Communlty Or£anLsatllbllS of South Tyrone and Areas Ltd Cornp8ny limited by gu#rntet D5rectors' Repori fow ihe yr endod 31 Mr¢h 2024 Obie¢tiv•• & Aellvitl•• In ensuring lh Ihe ttctivilies ol'COSTA provid¢ a public E¢n¢fiL atl our ac11viti ar¢ r¢14t¢d to on¢ or moT¢ ofih¢ rollowtrt8 chariiablt objectivtt.. A. to promoie tl)e ¢niciency and errectiycncss ofiioluntary and cornmuiiity urganiS<iliL)ns and Ty-ojects in Ihe are of iKn¢fJL by providing advi¢¢ in101811, LduLaiion and iraining. adminis¢raiivr supp()n dnd PTaciical assisLc¢ to such orsanisaiions ld projccts Joi lh¢ .11¢fil ol'the piiblic: lo promote or assist irt the promoting commLiniiy c¥pxiiiy iyjilding programmes and Pi0j¢¢15 for the b¢nefii of Ihe people in the rn ot. benefii wtr) have need of such assistsnce. ID promul¢ or asslsi in prnLioN of and eooperdlion and networking beiween voluntary and community oiganisaiions irb ihe area tsf benefii b¢twccn th¢ms¢lvcy and oih¢rs: supwrt cvmmunity developncnt. Sl81 inclusion and wellbein8 lIvI1¥S and work with partners lo support and improve ih¢ w)diii¢)n5 of the inhabitsnlg in life and th¢ development of A SLtst#inable community; E. t() identity the lunding and policy t)eed8 ol'voluntsry and cornmunily or83nisation$ in ihe area of benefit, 10 pronK)i¢ Ihe advanc¢m¢ni of healih and well-being., 10 prOnle giMKI relaiions, reli8ious and racial hamiony and eqUlty and diversityi H. to promo1¢ iwareness ofih¢ MmUni1Y in th¢ area of tnefii among public trx)die5, service provider5 and staLtsltsry a8¢ncicy dnd lo ali as a r¢preseniAdv¢ of voluThtAry 8nd c£Jmmunily or&iAnisations oftering servlces nd Suprt lo the inhabitants in ih¢ arca of b¢nctli' lo advanLe ony oih¢r cxclusiv¢ly cli•riwbk purposc ihe dirKwr& may from ii5ne w lime. decide In accordanct with th¢141iV ol'il)arity. A¢hhv•m•nts and P•rfornianc• Tl)e overall aim is io tmprove the hejlfh and wcllbcing ofFwpl¢ livln8 in rur81 deprived are, Ihus supporiin8 ihoy¢ rural dw¢llefs livin8 in or risk of pK)ve11y and 5cKiai exclusion. K•y Actlvltlu lor Y•ar. RMrAI D¢velopm¢MI Serylte IRCDSS) c.ommunity OrgNnisathons of Souih Tywnc Ar¢as ILOSTA) in ¥onjunc(ion with Cvok51own and WL$L¢rn short Area Network (L WSAN) hjve ¢oJJlinued to work in Close partnership. With oyer 13 ycars now alreaJy con)pl¢ied, we slrive toward5 ihe sl4rt of our 13th year. in April 2023, of d¢liverin8 th¢'RurAI Commvnity Development Supporl Service, for the Mid uls area covering the Diinlonnon Dnd South Tyrone area ICOSTAI and the Cookstown Ma8h¥rf¢li iwras (CWSAN). -The key el¢ments ofthis ¢un'er,t LonirnL'I Wi(h ihL Dep8r¢meni ofA8riculture. environment & Rurnl AIY#irs IDAERA) supportLd through their TaLklinR Rur¥l Poverty and So¢i411501aiion Frmrnework {'fRPSI) Are: Local Groups.. Increased A%vaten¢$&' Improv Cupaciiy & Enhanced Su5tainabillty; 2. Local IndividLi4ls'. Impmved caPiry of Individuals, l.wm¢rs & F&m Famili¢s', 3. R¢lationshlp5.- Bonding. Bridging & Linkin8.
Comrnunlty Org4nistblion% of South TyroDe and Areas Ltd
Company limi¢ed bv gu•rau¢ee
Direelors, Report
lor Ibe year ended JI M74reh 2024
'I'hL. KLDSS w)vides on-gtsing prncti¥al Lommunily Dcvelopment NUPkX)rt 8efvbees - resp)nsive10¢o18TQUP'5 necds..
Evcnts / Workshops I Visits l Meetings.
N¢w3kirb l E-Bulleiins I Public Rel115.
ra¢etK)ok Page I Web>iL¢.
Usc of 'Gr&Tri-Tr8¢k¢rf / funding searches ¢i¢.
Assislance wit]1 tunding oppli¢alions.
Neiworking & Sharing exFtrtis¢.
Cap,11>. Building. Trdining.
Good Practice Checklisls & A¢iion P19n$.
Ciuv¢rnance & Board l Man#gement cvmil)ite Skills.
oi'ri¢c S¢rvices- 'L¢S8 io ph()IIKorrying, fax and email.
ResourL¢S, l.ibraryy Equipmffji loan.
Wide rang¢ of M(magem¢ni & L¢odership SuFWrt Servi¢¢3.
Community Audir1gupFortl, SWOTs, Profile5, Statisiics.
Poli¢ic% ProcL%lures. (K)od Pr8ciice Liui¢s.
Ai(ion Plan5, Ne¢ds Assessn7&s, Skills Reviews.
FlnanGial R•vl•w
Ovirall lh¥ DirL¥tors f¢el Ihat th¢ Charity h&8 perform¢d iY¢ll OVLY th¢ year. D¢spiie (h¢ Inc1n81Y difficult fundin8
elimaie, Ihe Board ol- r)ireciors have mano¥ed to moiniain a sound fJnan¢iul bd.4is. This h#y been a¢hi¢vcd throu8h a
I'ery proaciii'e ond focused gpproau'h in thw implementhrion of a suc¢esslul fundrai5in8 Strategy, continuous review or
over-heads and ih¢ intrvduaion uf L'o)t saving measures.
Tli¢ Dir¢(ioT5 h8vL' also been abl¢ lo ensure Ihai fundin8 bcen rerained inio ihv comin8 year.
A Reserves PoliLy is in place, which allows foi an annu&l reserve to b¢ Iield ransin8 beiwe¢n a minimum of £23,0(M) to
£35,0(KJ. The aclual free rey¢rve8 ai I l March 2024 are £20,¥99 in order 10 ensure that ihe or841ni5aiion hold$ $uffi¢ieni
r¢5erYes 10 rneei any unfores¢u) Jc¢nario3.
Communiiy Organijalions of Souul Tyrone and Arcas Limiied has Ra%erves Policy whTrch details i¥hy reserves Jre
held and the levll of rey¢rves appropria lor th¢ chority. Th¥ tnistws reviL%V thc l¢vel of fr¢¢ r¢5crves r¢quircd I'thal is
thos¢ lunds noi ticd up in lixe(l ay5Lls, d¢signaled and resirieied I'undsl on on annual bAsis io ensure coniiniiily of
chcvltoble op¢r4tions.
The (hariiy is luvkin8 ways of in¥rraJing lundin& to meei curTenl needs and thi$ ib rtVieiv annually. Designated
Yeserv¢s lor v&riou8 purw5es are d¢iailed find a ¥ash flow f.and iy hcld i(5 bridB¢ any potential 8pS or short-falls in
lindin8 Slreamb and tu und¢i'pin variable pro8rainme5 Ihg¢ ar¢ exrKri¢nLin8 LSh now Problenis. A slHI-fin8 t'und is held
lo wv¢r sickne&%. mat¢rnity and meet all redundan costy.
Ptsn• for th• Fulurn P•vlod•
The Company plJns io coniinuL in developing its servi¢e5 in line wilh its sirate8ic pri()rilic4 llUtlinL.d Above tsnd it ivill
5e
EK)iit ihe secior and opportuniiies,. ¢nhanLd ability io p2rticipate in decision makin8 on pDlicie5 which a
resenliVeS ec( rural reas; more io equipm¢ni &$ and when group> I11[¢ 11. 5tren8th¢ned ubility of8roups and indii'iduals io avail of pro¥rammes which will improie thcir circurnstanc¢$ and opportuniiies. Thtr k.nifits are evidcnc¢d through f¢¢dback rrom aiterthc5 ai our ¢en[S usin¥ evalu¥41ion forms.. $urwey5 condu¢t¥d with member 8TUUP5: record5 of loanQusin8 tquipment. v¢rbAI fredback of 5ervi¢cs prgvided,. ind¢p¢nikni Cvaluation of our 5ervir¢s b? fundcr5. There is no harm aniicipAied from (his purrose. -rhe chorily's beneliciories arl primaril¥ the people living In nirAI areas or Dungannon & Souih Tyr(Trnr Borou8h Council urra. A privoie benrfii tu TrusicY8 may arise from our ongoing services and programme ol'lraifting. good praciise visits. diTecl supwrt to groups, support provided through grdnls or informaiion provision. 'fhiou8h ihi& Tru51¢¢5 88in ski115, experienc¢, 01. 8rani aid ivliich are lrnn8fL'rable lu ocher s¥¢linss. and which may b¢nefii th¢ir own iOfT7muntlv group. Our own TYu51e¢s receive inlurtnaiion in Ihr ¥ame i¥aJ' &$ oiheT t¢n¢liLiaries. These tra*lits ar¢ incidenthl and necessary io ensurc the b¢n¢fit 15 provided lo our b¢iicficiaries.
Commvnlty Or8•ntsatlo•s of Sottth Tyrone and Arms Ltd Comp••y Ilmltsl by ar#tee Dlr¢dors' Report for the year ended 31 Mlrth 2024 Trustees, re$pon8lbllllle8 8tatern•nt The truslees, who are also dirLyr5 for ihe rNsrpises of comtyany law, Ke resp)nsible flx preparing Ihe trusiees, rewrt amd Ihe financial 5(aments in accordance with applicable law and Un1j Kin8dom Accow)tin8 Siandards (Unitvj Kin8dom Qenerallv Accepled Accouniing Pr&cticc>. CompAny law requires ihc Charity Iru3tees to Prep llnancial s¢alemenLq for each year Mthicli give a irue #nd 14ir vieiv ol. the state of offairs of the ¢harilable compan>, And Ihc incoming regouriys And appli¢&tion of regources. includin8 the income and expendiiure. for thai p¢rii)d. In pp{wing these fiT)an¢ial ststcmcnts. the INMe¢s ttre r¢quired io.. select suilable accountin8 li¢l¢S and then 8Fply them ¢onsisaily' obserwe the mcrhods and rrinciplcs in the appIlble Charil?es SORP; make jud8ments and 4¢¢0untin8 estimates that are reag)nable and prwdenl., prepare tli¢ financial stgiements on the going con¢ern basis unIl it is in1N)10tt to F¢sume the chority will L(Trniinue in business. The tru5tc¢s are responsiblc for kccping adquate accountin8 rec4Jrd5 th81 sulficill io show and explain the charity's Iransaciion5 and disclose wilh rea5unable accura¢y any lime the rtnancial wsiiton ofthe ¢harily and enable them to ensure thai the financial 5thtcm¢nis comply with the Companies Aa 2(x)6, Ttw al rwsible for safeguarding ihe Sets of the Lharity and h(Le for kIng re4y)nable steps for the F#Evention and de¢10n of fraud 4ud other irregulariiies. Audltor Each of lh¢ person5 who is u Irusie¢ at th¢ of arwoval of ihi3 rcp)rt confirnu th.. so far as I are awate, thert is no relevafit audit infomiation of tch the eharity's •udilor is iinaware,. and Ihey have tak'en all .sleps thai they ouuhi iu have lak i Iruslce io make ihemselve$ awwre ol-any lean1 aiidit information and io ¢8tablish thai the ¢hariiy'$ adItOr is awar¢ uf inforniatM)n. The auditor is deemed to have been r¢-OPP)intcd in 4¢¢0rdancc with y¢¢tion 487 of the Clmxpaniu Aa 21KI6. Small company provl•lonJ This report has been prepared in aCCOTdance wilh the provisions appliLMble to ¥xYnp4nics tntitled to the ynall companies exempiion. The lrnstees, annual I¢rt was an)mved Septemirr 2024 and si8ntsJ on iyhalf of Ihe tmjard olirustees by.. Richard Knox Chairperson Trevor Lockhart Secrelary
Commmmity Ort8nisalioffj$ ofsouth Tyrone and Are48 L¢d Comp4uy limit¢d by gurant¢¢ Indepettd¢mt A¥di¢ors' Report lo th¢ members ofcommunity OTgallislltiQD of South Tyront and Areal Ltd for the year ¢ndod 31 Marck 2024 OpknloB W¢ hvc auditsd thr fina14] siaiLrn¢nts ofcommuiiily Organisation ofsouth Tyrune dnd Areas Lid lor ihe yeur ended 31 March 2024 which Compri 5tai¢meni of f4¢1&1 aLLiVili¢S (inclu(iing incoin¢ und cxpcndiiure accounL}, st&t¢meni of linancial posi¢ion and noies io the financial stsm¢nts, including a summary of Ji¥nifiLanl accounting policie5. finfmcial reportin8 tr1)eWOrk thai has betn upplied in their preparaiion is applicable Idw and United King(kim AcciNJTrling Stt)ndar(s. includin8 Financial Reportin8 Stan¢knd 102 TkLe Finan¢1 R¢poning Stan(lard aFplithl¢ in th¢ Uk and RepubliL of Ireland Iuniwd Kln8th)m Gener81ty Aceoted Acwunting pr¢1¢¢). In our opinion. lh¢ financial $tatement$'. Give ts tru¢ and fair view of the stale orth¢ company's aftairs as ai 31. M8r¢h 2024 Hive been Properly preFored in ¥¢ordan¢¢ wilh the Unii¢d Kingdurn Gw¢ral Ac¢¢picd Accouniing PraLli¢e- Hfive tttn wepared in 1r(Tree wirh the requiremcnu of the Compjnics Aci 2006. Bail• for QPiAltyn W¢ conduffled our audii in accordanc with Inmaiion81 Standard on Audiiin8 IUKI IISAS IUKII wid applicllble law. Our r¢sponsibiliti¢s under ihvse siand8rds are iiirther described in the Auditor's r¢sponsibiliti¢s fot th¢ 4udit of Lh¢ fiminLiuI siat¢fflcn15 s¢ciion of our repjn. We a In(kdenl in Kc4)rdance with The ethiL'al requirements ihli are relevant to our audil of ihc financial S&m¢nt in ihe UK, includlng the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in 3c¢ordanc¢ with ihcse requircm¢nls. We belie¥¢ Ihai (he audii evidence we have obined is sufficicni and AFprowiat¢ to txovide a b&8is foT our opinii)n. We have nothin8 to rcFon in res¢ ot. th¢ followin8 mg11#5 in relalion to which the ISAS (UK) ro(iuire 113 to report 10 you whe. lThe directors, use ol. th• goin8 wnL¢rn bAJiJ of K¢ouniin8 in th¢ prrp4ra¢ion of th¢ linanciul sla¢eMen is not appropriate,. or nie dire¢lors have not disck)sed in tht finan¢ial slaiemeniy thy identified mariul un¢¢rtF4iI)t>eJ thai may ¥as¢ yi¥nifTrcunt (bubt at()ui ihe ¢on)pany's ability 10 ¢ontinu¢' lo adq)t the 8oin8 conrxrn basi% of nCLI)untin8 for a period ot at 8 twelv¢ mvnthJ from Ihc d¢ when th¢ linan¢i415taiem¢nts are authorised for issue. h•r IHforni#ik) 'l-he direcloi's re.%wnsible lor the oth¢r inlornialion. The other infornialion curnpri5es ihc infomiation included irt tl)¢ annudl rewrt, oih¢T than the finanLial st&wnenL8 and our auditor's lert thefeon. Our opinion on th¢ financinl sta¢¢mrnLs do¢J nol ¢ovcr lh¥ oLher infomiaiion and. cxcekm lo ihe exleni otherwiqe explicitly staled in our rep)rL we do not expr ajiy form Thf 5ran¥ ¢onclusion thereon.
CommMily Oryanlsatknng of South Tyrone and Arens Ltd cf•MnY Ilmhed by 8uirnn¢¢¢ IBdepthdent Audilon, Rert to the membrt ofcommunity Or8xniJ8ihon of Soutb Tyron¢ 8nql Area8 Ltd for thè year Ènded 31 2024 Irj C4)nrt¢ctioD with our audi¢ of the finaneid stat¢ments. our resix)n$ibilily 15 to read the other infomiation and, in thin8 9). Lonsider whether iht oiher informjtkon 1$ MalerilY inconsistent with the finan¢ial sthiemen¢S or OUT knowledge obtained in the audii or othe¥wise appeoJs to be maieriaily [nisSled. Ir Vir i(knlify such InaLeri&l incon5isiencies or appar¢nt maiuia] mi5sla¢¢m¢nts. we ar¢ T¢quired w d¢knint whether th¢r¢ is a material misstat¢m¢nt in th¢ Iinan¢ial st41¢m¢n or a maierial rn155ta¢emeni of ih¢ oiher lnlormaiÈo If. bas¢d on the work w¢ hav¢ pcrftsrmed we concludc thai there is a m8icrial misAaierneth ol'this other inlorni4tiO We Are required io r¢pon thAt fa¢t. We have nothin8 to in th15 regard. OplAlons on o¢lLtr malt•r¥ prw¢rlb¢d by ¢he Companl•J A¢t 2006 In our opinion. bd on the work utKlwthk¢n in the coutse of th¢ audil.. The inforniaiion 8iv¢n in Ihe dire¢w, reTM)n for the financial yew for which the finoncial aleentS are prepared ig cun$isnt with ihe fin¢18) sleInents. and The diT¢cloTs' rert h03 been prepared in accordance with applicable leRal rwuircments. M•tt•n whl¢h we ir Teqttlred io r•port by ex¢eptlo* In the liglii of ihL. knowl¢d8e atld undeTJiandin¥ of ihe company an¢J environmeni obIned in the course ol. the audii, we hav¢ noi ideni1fo mi¥¥Ul¢m¢nL4 in IhL direciors. ropon. We have nothin8 rewrt in r¢8P¢¢I of the followin8 m•tters in r¢I4n w which the Comphnies Aci T¢quire u$ io report ¢0 )'ou if, in our opinion.. Adeouale 8ccouniin8 re¢ord5 have noi been keM by the MPanY. or rniurns #dequ&ie for our audit have not been r¢e¢ived by us: or 'I'h¢ company financi81 stsiements arc not in 8gre¢meni wilh the accouniin8 re¢ords and reLurns,' or Ccrlain dibLlosurcJ of dirlOr5. r¢muncruLion Y¢1r1ed by law ar¥ not mth; vr We hav¢ not r¢¢¢iYed all the inforniolion and explanllions iY¢ r¢quirt for our audit. RespoRilblll¢l•s Of dlr¢f¢o As explained more fully in the direlr$, r¢sponsibilitle$ 51a¢¢mcnr, the directors ar¢ sponsIble for the prcparailon of the rinancial Sthiyrnenls Jnd for bcin8 5aiisli¢d tho1 they 8iv¢ a iru¢ and fuir Yicw, and for such internal conirol 8$ ih¢ dir¢¢tors det¢mine is rtecew TO enabl¢ th¢ preF4ration of flnunciai slatem¢nL8 Ihllr or¢ fr from material misst8t¢m¢ni, whdher d(1¢ lo Iruud fFror. In preparin8 the financial stat¢m¢ni8, the dirteiors ar¢ Te$wnsible for a$%ssing ihe ¢ornpany's ability lo ¢ontinue as a going concern. di5¢105in8. as appli¢able, naim related to 8oing concem and usin8 the going c1¢ern bH¥is ofJcLvuniing unless Ihc diT¢Liury ¢ith¢T inlend lo li4uldAtc ihe wmpany or w i¢wc oTli0n$, or h&v¢ Y¢DliJlii #lirrnthiivc bui do so.
Cothm¥Aity Org4DLqatlons of South Tyro amd Ar¢4s Ltd Compathy limi¢od by guAr4nl¢e Indepeudetht Audltors. Réport to the m¢rnbers of Community Or8g4Disatiou of Soutb Tyron¢ •nd Areas Ltd for the yr ellded 31 March 2024 A4dlitsr'$ r¢sptsu¥lbllltkJ f•r the adI1 •f tht fwau¢l41 JlltNen Chjr obje¢iives ore lo ohaln rea80nJbl¢ assuranff aix>ut ththciher th¢ financial Swemenls a whole aTL free from m¢[]ul mi&4ialemeni whether due io fraud or em)r, and lo issu¢ an auditor's rewjrt thai includes our opinion. Reasonabl¢ &ssurantt ib a high level of &%suran¢e, but is noi a 8iiaron¢ee that an Audir eonducted in o¢cordan¢¢ with ISAb (UK) will alivays dcte¢l a maieTial mib5trdlemeni when li exists. MissemeM1$ can arise trom fraud or error urhd 3re considered material if. individually or in th¢ dggre8aie. Ihey could r¢&blY be expe¢L¢d to influcncc the economic decisions of USL'L'Y iukcn un the basi5 of Ihese flnuncial $thm¢nts. This repx)rt is mad¢ solely fo the company's memben, a body, in accordance with Chapi¢r 3 of Part 16 of thc comp1¢ Aci 2(YJ6. Our audil work beth underk¢ $0 th4L we misht slate to th¢ cownpqny'5 rncmb¢rs th03c maiiefs we are requir1 10 ale to Ihem In an auditors reFt)rt and for no other PUryK)s¢. To Ihe fLill¢st extent perni1td by law, ¥ve do not accep¢ ur wumc r¥'yw)n5ibili¢y lo anyone oihLF ihan the Lompany and the company's members E%)dy, for our audii work, for ihi5 T¢rt, ur for th¥ upinions hav¢ lonned. A5 pan of uudii in a¥'(x)TdRnce with ISA$ (UK), w¢ exerL'ise professional ju(18mcni and maintain prole$sionAI scepiieigm Ihrou8houi ihe audit. We also.. Idenlify and a¥5¢5s ihe risks of mwcrid rniMelll of ihe financirdl s¢aiements. whether due to fraud or emr, desi8n and perfonn audit procedures rc$rA)nsive io Ihose risks, ond obiain audii evi(knce ihat IS 511rricieni 4nd appropriaie LL) provide a IK8si$ for our opinion. Th¢ risk of deieciing y m8lerial n)isslalement resultin8 frorn fraud is higher ihan for one Te5uliin8 from crrL)r. as fra1 may Involve collusio forgery, intentional omission5: misKpMenthiions. or th¢ overri(k of inlernal control. Obtaift an uttderst4ndin8 of iniernal control ley9[ lo th¢ uudii in or(icr d¢5ign audil proceduics Ihai drr appropriate in the circurn$tan¢¢s, Iwi not for ihe purpox of expr¢ssin8 on opinion on the effeciiveness of the company's iniernal ¢on¢TOI. Ev¢ilu&t¢ approwia(eness ol-a)nIlft wlicies u$ed ond the re4sonableness of uccounting ¢&iimates and related disclosurc5 mod¢ by the dir¢clorJ. Conclude OD lh¢ •ppropri4¢cne&s of the diir¢iors' us¢ of th¢ 80ing conL¢m basi3 of accountinu and. based (In Ihe al11 evbdence obi&ined, whethee & maierial unc¢riainty c13¢ rcldLLd (o ¢vcnLS OT condiiions rhat mdy cast Si8nilicani (b)ubt On the company's abhlity ro ¢ontinue a 80ing eoncern. Il'we coneludo ¢hat & malcrial Linrcrtainly exist%, Ive we reqLbIr ¢0 dr8¥¥ atleniion in OUT auditor's rert to (h¢ relaled disclosures in ihe finun¢ial sitti¢m¢nt5 or, if such di3c105urc5 ure inadLNua(e. 10 modity our opinion. Our conclusion5 ar¢ bsed on Ih¢ audii evidence Obined up the d41¢ of our 8uditor'5 rcwrt. How¢vLT, fuiure ¢v¢nls or Londiiions may Lause il)e ¢ompuny io eease io coii¢inu¢ a 8oinR con¢¢rn. Evaluate the ovoroll pr¢smtaiioN struciure and cont¢nl of lh¢ finan¢i41 s(ai¥mcnts. ineliiding ihe disclosur¢s. and wheiher Ihe finnncial yl&temenis repr¢5¢nt Ihe und¢rlying insAC110& und ¢v¢nls in a manner thai achieves fail preseniation. Obthin 5ufficieni 8pprDpri¥le iwdli evidenee regarding the finAnci&l infom)&tion ofihe enlity OT busin¢&5 ULtivilies to expre8$ an Opinion on th¢ fii)oncial siatemenis. W¢ Are Tcsrxjnsible for th¥ d5r¢aion, siipervision and perform7¢¢ or Ihe oudkl. W¢ remain sol¢ly restM)n5ible for our audil opinion.
Community Org¥niiAtions ofsovth Tyrone and Aroa$ Ltd Cojnpuy limit by guar4nlee Independcnl Auilffiton, Repori to lh¢ members olcommunity Org4ni80lion of Soutli Tyrone and Arex8 Ltd ror th¢ y¢r ettded 31 Mar¢h 2024 We ¢ommuniialr with Ihose chaT¥es iviih governance reAardin¥, amons oih¢r matlers, lh¢ plann¢d scope and (iming of Ihe audii and.si#nilicani audit findin8s. includin8 ai)J 5isniti¢ant deficiencies in internal contrul that idewttify durin8 our audi¢. For und on behal/uf laL'.,Il¢ary, RdJdol¢' it Co, Liinii¢d Cl17eredA<,eon1O1}1$ & Sloiiiior). Aiédi¢()r Ivélliiigiopj H¢Ju.se 3ts DarlÈn8 Sireei niskillen Lo fermuiiogh S¢pi¢mb¢r 2024 10
Comwmnliy Or%aMi5WtiOA8 of South Tyrone ind Arw Ltd
CompAiy Ilmited by 8uaraDI¢
STA TEMEJYT OF FINANCIAL ACTIVITIES (liellldlmg ID¢o¢ & Kjpeadilure i
Commynlty Oryanlthtlons ofso4th Tyrome #d Arn¥ Ltd Compaiy Ilmlted by z¥rt• Statement of Finaaclal Posltk)x A$ Al 31 Mr¢h Z024 Unr•trlrtedl Totsl Unr•rtrltttdl T•tsl Fu•d8 2•24 2023 Fhed isirfs Tangible fixed a& Crr¢DI 1gets Debtor5 C8sh 81 b8nL and in hand 97.618 88.198 Credltsr¥: Amounts f4111n8 dae vAlhkn one 6,51 1,5 91.118 86,698 To¢1 a•xts Ims err¢tht Iliblllde5 91,118 86,098 Ihferred kneome (i J,(Kw) (13,(K19) 73.689 Fund¥ of th¢ eh•rlty Reslrieted funds S7210 52,75YI Unrestricted funds 20,899 20,899 Toial charily funds ij 78,109 73,689 These finAnci41 $&temenis have prep4rèJ in a¢¢ordAAe¢ ivith the provist(w appIlb c4)mr•les Mbiea to the small o)Inpanies regime. The financlal stament¥ were QPW>ved arAI wilKixd fLY issue by the t*)¥d oft 30th Seo¢mber 2024 knd signed on its behdfby: Ir Ri¢h&rd Knox (Chairyjcrsonl , F- Mi. Trevor Lockhqrt (S•) 12
rtss Ltd ilwl b ts hA C•Mr41 ibf•rnlx)tt The ch&Fiiy is a wlvate company limi] by guaranw. reRiStered in Tr&)nhern Ireland ond i registered charity in Nonh¢m Ir¢land. Th¢8e financial wtcm¢hts have been prewed in complianc¢ with fRS 102.'The Financial Reporting S¢andard ppli18ble in th¢ UK and the Republic of Ireland". the Stsiement of Recommen(kd Procrice applicable w charities preparin8 their accounts in ac¢ordanLe with th¢ Finftncial Rewrlins Swxlwd 4Jplicabl¢ in Ihc UK and Rrpublic L)f Ireland IFRS 102) ICharSiics SORP) IFRS IOZ). l. AeegwilnK Pfylleks Basig of pv•p4¥•tlo The linuncial $ITren¢$ have b¢¢n Flepared on ¢he hisioricfjl ¢051 basi$. The tlnancial SWaneni$ ar¢ p['¢d in sierlin8, which is the (unclional uf thc cnlily, GolDg Co•¢er I'her¢ arc no meriAI un¢ertAin¢i¢J about the ¢h¥ity's &bility to ¢ontiny¢. J¥diM•nts and k•y w¥r¢u Of •1#¢10 une•rtlnty The preparation of ih¢ financial sthi¢m¢nts rtquir¢s manns¢m¢ni io m&k¢ jud8emeni4 e31imal¢s and a5sumpiloths that afteci Ihe amounts reF¥)rtd. These estimaies and judgements are ¢onlinu8lly rei'iewed and are bnsed on ¢APl'hLn¢i und vth¢r f&¥ioi's. I11$1n of fulur¢ ¥v¥nts ihui w¢ lIVe br r¢Onabl¢ und¢r (hr Circumsn¢5. Fufjd •¢¢oun¢kni Llnreslricied lunds avail8ble for us¢ th¢ di$etin of the director5 lo further any of the chariiy, put$¢5. R¢Jtri¢ied funds arc 3ubjeci io restricuonJ ¢)n their ¢KMIlluT¢ dc¢lared by the donor. IN11 Rer¢•$ All incomin8 resour¢¢s are in¢luikd in th¢ stst¢meni of financial u¢tvilie$ wh¢n vnli¢l¢mcni hus plwcd ¢0 ihe ¢harity> 11 >s PTobabl¢ thai ih¢ Ccormi¢ benefiLs USSOCi8lcd wilh ihe irnnyaction will flow to the chariiy tthd the amotsni can reliabty measur¢d. The followin8 sp¢¢ifl¢ Arr applird to pani¢ular caie6ori¢s or Sncome- In¢om¢ from don4tion$ or 8ranLS is reco8nised when there ig evidence of entlement to ihe gift. r¢¢eipt 1$ probthbk and lis amounl can b¢ mc&sured reliably. ITtcorn¢ from (kTrnhkd 80(S is mwured at the fair valu¢ of th¢ 8ood) unl¥sJ this ib imprnLtiULI MUre r¢li4bly in whi¢h ¢ase th¢ v4lue 15 deriv from the ¥ost w the donor or th¥ ebiilmAied resale tralue. Donai fA¢ilities thnd Krvices ort ie¢o8ni8ed ITh th¥ ll)unL¥ wh¥n rK'¥iV if the Y41u¢ can rcliably m¢a3urcd. No imiounls are In¢lUd for the ¢ontril11on of 8Mtral volunLrcr5. Incom¥ from contyacts for ihe supply ofservi¢¢s is recognised wilh ihe dclivy of the wntracL¢d service. Thi5 is ¢111fted as unre5(ricted lunds unless iheTc is a cOntraul1 requiremeni for it to be sperti on p8rttcular pwpse and turned if unsF*nt, in which cas¢ it may b¢ re8arded 8$ restricied. 13
Id Com ted u#t Tkey R¢so¥ Expenditure is rt¢ognised on accnlS us a liubilily is incurred. F.XF¢ThdiiurL' in¢lLvJ¢s any VAT whlch cannol be fully and Is classified un(kr he¥lings of the sraiemenl of linan¢ial actlviiies Ki whi¢h li relates: Exwdilwe on raising futh& includes the wsts of all fundraisin8 uctiViii¢s, ¢YenL% nonrfharitsbl¢ trading a¢riviti¢s, and the le of donated 800th. ExPIdite on chorilAble &eiivities includ¢s Itl COSLS in¢utTed by a charity in und¢rtakin8 a¢tiviti95 ihAt funher ILS charitsble aims for Ilie tnelil of beneflCiArie& in¢ludin8 knge supp)rt Costs and costs relaiing ¢0 thc 8ovcrnance orth¢ chari¢y apwnioned io Chilable icuvlties. AII costs are &lliKated io exp¢ndilure ¢aie8ories retl¢¢tin8 the of the rex)urce. DirKI 81$ aitribuiable ¢0 a singl¢ U¢livily are allocated ditrcily w th4t a¢tivity. Sh4red Costs #rc opwrtioned b¢iween the ociivities thcy contribute to on a r¢&son4bky jUStifiabl¢ and ¢omI¢nI b09iS. Communily Orsllttisoiions Of South Tyrone and Ar¢a3 L¢d is a comp> limit¢d by 8uarwit¢c and oc¢ordin8lyy docs nol h&v¢ # 3har¢ capilal. Every member of ihe company undenakeg to contribuie Such hmount as mtsy be requirnd not exceedin8 £ I to the •35L'ts of ihc chthritablc MpanY in th¢ of li b¢in8 wound up whilc or Jh¢ is a rn¢mtrw. th. within on¢ year afr he or she cew io be a btr. J. U4vestri¢¢ed 14¢om* UDr¢s¢rkt¢d 2024 To¢al 2023 Totil Doi)alions ld Gifts Dtferred Income Relea9¢ 14
C•4wrAay Ory•b•¢h¥ ofsouth Tyvon¢ Ar¢a• Ltd For thé y•r t411 31ie Mir¢k 2024 3. R•¢rled FID Restrkted Fuhd lll¢ome 2024 Toil 2023 To¢al A•Atyth off GrAlli i•¢••• R4¢•1v DAEIiA Grani MUD StrAi¢si¢ NeOrk Gr( 43,730 43750 43750 3000 720 720 Rural WArni & cl1 Pl 720 1000 4. Au•ty•ts •f n4our¢M •xpmd•d ExpendlMr• 2024 2023 AAityits of upMd•d for ek•Yl¢*ble ttttl COSTA CoYld-19 Micro Grants Slaff Costs Oen¢ro1 EXmI Trnvel Expens Bank Fees Light & He Subscripiions Charitsble expenditurt comprisu thox In¢u¢d by th¢ ChlY in the d¢livery ofi 4¢tivities J•rvi¢¢6 for its b¢rlarI IJ
CO81ty 0¥%an1tIoj1 •f So¥th TyffB¢ #Ad Ar¢i Ltd Noltj to the A¢¢oMuts For ih¢ ytAr iud•o 3111 M•nh 2034 & Aialysij of rtJorAree4 exp•ndin% lor ir¥al pwposu 2024 Tol1 2023 Totl A>1$15 of r*gtrici¢d sr4ni ¢xp¢n DAERA Gran¢ MUDC Grani 43,730 43,750 J,Ix)o 43.750 7. Staff Costs No employee rffeiv¢d emolumenTS of rnor¢ than £.0(4). The iru¢ 5t&t1Y¢O of th¢ compjny during the yur is noted below. The siaff COSls disclosed in the hav¢ b¢¥n r¢duLwI ¥ thcy httv¢ b¢¢n funded by a DAERA Grani . 2024 2023 Wa8e5 & SJlarie8 Social S¢ourity and Plnsion Cos 30,307 30,507 33,253 Amfjw#ts of Siiif Cts by Cr•AI AHl•ti4e• DAERA Grani Fundin8 8. Li Dlr¢¢lD No diJr¢tor or member r¢c¢ivcd any remunemion from th¢ CoMY durin8 the year (2024.. £Nil). 16
CgmmuDity Orynts•ll••i of S••th TrroB• Artm Ltd oles ts Ihe Atto4Dts For the y•ar ¢u41¢d 3lJ¢ r£b 2024 9. Tmilbk Flxed Asi¢ts Flxtur FIttID89 Tutsl At 31 1&Yll 2•23 Additions DTrsposa Ai 31 Mirth 2014 4,979 4,979 Al 31 M•reh 2023 ChAr$e f(>r ye Al31 Ma 2424 4,979 4,979 Net Book V•lu•: Al 31 M•r¢h 202) Al JI Miryh 2024 l•. D•biord 2024 2023 Other Debr3 I l. Crnlllon . Atyounts falllig du• yeir 2024 2023 Ac¢ruAI• Defetr¢d IOMe. Governmeni Gt•nts 17
CornN•ky OryA•isAthms of South Tyr•N• d Are¥ Ltd For the ye•r tad¢d )lJt MAr¢k 2024 12. PrgvtsIDAs COT IIAblUik5 ekirE There are no provisloNq for liililies and charR¢$ in the ¢urMt or pKvious y¢ar. 13. Tolal Chrlty Fuw Thero w&$ no fid tronsfer bthv¢¢n rp¥tri¥ied ftnd Unr¢stri¢l fsjntts within lh¢ ycar. To¢al To¢al alan¢e of unre5tri¢ied funds l April 2023 Defi¢il all0¢10n io general r¢serves B•laRce of It 31 Mlnb 2024 20,¥99 20,899 20.899 tjalance of restriaed fundy at l April 2023 Suwplus allocat¢d lo rc$iricied res¢rvc lAre of njtrkied f¥Dds Al JI March 2024 52.7 4.420 57,210 52,790 4.420 J7,210 Tot•1 funds bulk rnjtrlettd MDrtJtrlct¢d Al 31 M#Y¢h 2024 78.109 Under I PfOVL3ionJ ofFinan¢ial Repr¢In8 102. the mpanY is pemiued io prepare annual u¢x'ounL¥ which ex¢lud¢ a Cash Flow Siakin¢nL 18