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 fin*nel•l st*leJnellt8 for the y•ar ended 31 March 2024 Community Or¥*ni¥ations of South Tyrone and Areas Ltd Company limited by guarantee Colltents P￿e Directo￿, R¢port Auditors, Report 7-10 Statem¢ni of Financial Activities Statement of FinarKial Posilion 12 N￿vts lo Ihe Financial Si*emenig 13.18 Oryami￿lIO￿ of South Tyrooe and Am5 Léd Company 11rn1t￿ by 8yaraDtev Dlrertors, Report ror th¢ year ellded 31 Mareh 2024 The T￿￿tte5. who Ire algo the direclors for the purp)8c of ¢(rnp￿y law, aro pk45￿ ￿ present thtir Annual rcpon and the financial ￿a￿rnen￿ 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 $udrLnt¢¢ ￿ p¢r the Munor8ndum of Asso¢i81ion Re igttled Number N1042¥32 R¢ iswed o￿l¢t Presiiknts Homestead 4J Dergena8h Road Dun8annon Co. Tyrone BT70 ITW AuditQT5 M¥Neary, Ra5dak & Co. Ltd 1vell1n8￿rt Hous¢ 30 DaTlin8 S¢rc Enniskillen Co. FerM￿a&h Bwiker$ 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 L￿d were as follow$.' DlrnctoK8 Mr RIrt￿rd Knox (chaIr￿r?)n> M$ carn￿n Hamill {Vi¢e CliaiFp¢rsonl Mr Trevor Lo¢khan {SecTeiary & Company se¢rE￿ryI MT John Burrell MBE ITre4surer) (Deceased 6112Q0231 Ms Heather Nlxon-McLau8hlÉn Mr Raymnd Harriion Prot Wilfr¢d Miichell OBE Mr l>dvid McFarlyrÈe ( R￿19￿122￿￿2024) 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¥￿ Limi*d was in¢orw)ra¢cd a5 a Company Limi*d by Guarante¢ It) 200? Ivith a res￿ratIOn number ofNI IM2832. Tht Communiiy Or8anisthiions of SOUUI Tyron¢ •Ki Arcas Limitrd WAS approved for T¢giwution a5 a chwiiy iyiih ihe Charity comm￿10Th 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 DIr￿ty)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 18*1 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 Di1￿1￿[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 Op￿nun1IjCS 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 ¢Up￿ilY l¥wJcrbhip. COSTA also provide3 th local community r¢sour¢e libr4ry and communily v¢nue ai Presid*nis 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 iixNY￿MM￿ttlry reL￿10n wiiliin Dungonnon Council Area. Communily OTyunL5aiiony Ol. Soulh Tywnc & Are4s ¢oiiiinucJ ￿ ivork in LIos¢ w(tJU5hip wilh Cook$ioivn & Wesiein Shores AreA Network (CWSAN). Commuryity Orwi8té¢ioaJ of South TyroM¢ and Areas Ltd CoThpsDy Ilmlted by guarnniee Dlr¢don' RepTrrt for (kn y•Ar endèd 31 Mar¢h 2024 Thc tntsiee3 havc ￿k¢n a drfailed revicw ol- ihe major risks io whiLh ihe chariiy is ex￿￿sed. .4 major risk exigts with regArd io fulure eor¢ lundhng lor the ￿ganIsati0Th as the Ctsrrcni cvnlrxi for the Rurnj Communiiy Dcvelopmrni Support Service {RCDSS) as this fvnding Stream i¥ill come to an end in 20?6. The fundin the essentsai kcy sour¢¢ of the or$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 SLLS￿lft 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 ￿ver￿j 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 ex￿rnal 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#r*ntet D5rectors' Repori fow ihe y￿r endod 31 M*r¢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 urganiSiL¢. 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$. Ciuv¢rnance & Board l Man#gement cvmil)it￿e Skills. oi'ri¢c S¢rvices- ￿'L¢S8 io ph()IIKorrying, fax and email. ResourL¢S, l.ibraryy Equipmffji loan. Wide rang¢ of M(magem¢ni & L¢odership SuFWrt Servi¢¢3. Community Audir1gupFortl, SWOTs, Profile5, Statisiics. Poli¢ic% ProcL%lures. (K)od Pr8ciice Liui¢*s. Ai(ion Plan5, Ne¢ds Assessn7￿&s, Skills Reviews. FlnanGial R•vl•w Ovirall lh¥ DirL¥tors f¢el Ihat th¢ Charity h&8 perform¢d iY¢ll OVLY th¢ year. D¢spiie (h¢ Inc￿￿1n81Y difficult fundin8 elimaie, Ihe Board ol- r)ireciors have mano¥ed to moiniain a sound fJnan¢iul bd.4is. This h#y been a¢hi¢vcd throu8h a I'ery proaciii'e ond focused gpproau'h in thw implementhrion of a suc¢esslul fundrai5in8 Strategy, continuous review or over-heads and ih¢ intrvduaion uf L'o)t saving measures. Tli¢ Dir¢(ioT5 h8vL' also been abl¢ lo ensure Ihai fundin8 bcen rerained inio ihv comin8 year. A Reserves PoliLy is in place, which allows foi an annu&l reserve to b¢ Iield ransin8 beiwe¢n a minimum of £23,0(M) to £35,0(KJ. The aclual free rey¢rve8 ai I l March 2024 are £20,¥99 in order 10 ensure that ihe or841ni5aiion hold$ $uffi¢ieni r¢5erYes 10 rneei any unfores¢u) Jc¢nario3. Communiiy Organijalions of Souul Tyrone and Arcas Limiied has ￿ Ra%erves Policy whTrch details i¥hy reserves Jre held and the levll of rey¢rves appropria￿ lor th¢ chority. Th¥ tnistws reviL%V thc l¢vel of fr¢¢ r¢5crves r¢quircd I'thal is thos¢ lunds noi ticd up in lixe(l ay5Lls, d¢signaled and resirieied I'undsl on on annual bAsis io ensure coniiniiily of chcvltoble op¢r4tions. The (hariiy is luvkin8 ways of in¥rraJing lundin& to meei curTenl needs and thi$ 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 8￿pS or short-falls in lindin8 Slreamb and tu und¢i'pin variable pro8rainme5 Ihg¢ ar¢ exrKri¢nLin8 L￿Sh 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 5eups; increased Capability in the ft)anJ8¢menl ol'Lommunily projecls and f8eililie3,' inCr¢a￿d access to I'undin8 lor sroups io dcv¢lup projcLts'. bei*r infornied group r¢ #EK)iit ihe secior and opportuniiies,. ¢nhanLd ability io p2rticipate in decision makin8 on pDlicie5 which a resen￿liVeS ec( rural reas; more io equipm¢ni &$ and when group> I￿1￿1[¢ 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$pon8lbllllle8 8tatern•nt The truslees, who are also dirLy￿r5 for ihe rNsrpises of comtyany law, Ke resp)nsible flx preparing Ihe trusiees, rewrt amd Ihe financial 5(a￿ments in accordance with applicable law and Un1￿j Kin8dom Accow)tin8 Siandards (Unitvj Kin8dom Qenerallv Accepled Accouniing Pr&cticc>. CompAny law requires ihc Charity Iru3tees to Prep￿ llnancial s¢alemenLq for each year Mthicli give a irue #nd 14ir vieiv ol. the state of offairs of the ¢harilable compan>, And Ihc incoming regouriys And appli¢&tion of regources. includin8 the income and expendiiure. for thai p¢rii)d. In p￿p{wing these fiT)an¢ial ststcmcnts. the INMe¢s ttre r¢quired io.. select suilable accountin8 ￿li¢l¢S and then 8Fply them ¢onsis*aily' obserwe the mcrhods and rrinciplcs in the appIl￿ble Charil?es SORP; make jud8ments and 4¢¢0untin8 estimates that are reag)nable and prwdenl., prepare tli¢ financial stgiements on the going con¢ern basis unIl￿ it is in1N)￿￿10tt to F*¢sume the chority will L(Trniinue in business. The tru5tc¢s are responsiblc for kccping adquate accountin8 rec4Jrd5 th81 sulfici￿ll io show and explain the charity's Iransaciion5 and disclose wilh rea5unable accura¢y ￿ any lime the rtnancial wsiiton ofthe ¢harily and enable them to ensure thai the financial 5thtcm¢nis comply with the Companies Aa 2(x)6, Ttw al￿ rwsible for safeguarding ihe ￿Sets of the Lharity and h(￿Le for ￿kIng re4y)nable steps for the F#Evention and de¢￿10n of fraud 4ud other irregulariiies. Audltor Each of lh¢ person5 who is u Irusie¢ at th¢ of arwoval of ihi3 rcp)rt confirnu th￿.. so far as I￿￿ are awate, thert is no relevafit audit infomiation of ￿tch the eharity's •udilor is iinaware,. and Ihey have tak'en all .sleps thai they ouuhi iu have lak￿ ￿ i Iruslce io make ihemselve$ awwre ol-any ￿le￿an1 aiidit information and io ¢8tablish thai the ¢hariiy'$ a￿dItOr 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 gu*rant¢¢ 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¢ h*vc auditsd thr fina￿14] siaiLrn¢nts ofcommuiiily Organisation ofsouth Tyrune dnd Areas Lid lor ihe yeur ended 31* March 2024 which Compri￿ 5tai¢meni of f￿4￿¢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 tr￿1)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 In*maiion81 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(k￿denl 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 ob￿ined 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 ma*riul 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 le￿rt 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 ￿5￿ran￿¥ ¢onclusion thereon. Comm*Mily Oryanlsatknng of South Tyrone and Arens Ltd cf•M￿nY Ilmhed by 8uirnn¢¢¢ IBdepthdent Audilon, Re￿rt to the memb*rt 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$ibilily 15 to read the other infomiation and, in thin8 9). Lonsider whether iht oiher informjtkon 1$ Maleri￿lY inconsistent with the finan¢ial sthiemen¢S or OUT knowledge obtained in the audii or othe¥wise appeoJs to be maieriaily [nisS￿led. 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. b￿d 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 ￿ale￿entS are prepared ig cun$is*nt with ihe fin￿¢18) s￿leInents. and The diT¢cloTs' re￿rt h03 been prepared in accordance with applicable leRal rwuircments. M•tt•n whl¢h we ir* Teqttlred io r•port by ex¢eptlo* In the liglii of ihL. knowl¢d8e atld undeTJiandin¥ of ihe company an¢J environmeni ob￿Ined in the course ol. the audii, we hav¢ noi ideni1f￿o mi¥¥Ul¢m¢nL4 in IhL direciors. ropon. We have nothin8 ￿ rewrt in r¢8P¢¢I of the followin8 m•tters in r¢I￿4￿n w which the Comphnies Aci T¢quire u$ 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 dir￿lOr5. 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 direl￿r$, r¢sponsibilitle$ 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 o￿T￿li0n$, or h&v¢ Y¢DliJlii #lirrnthiivc bui ￿ do so. Cothm¥Aity Org4DLqatlons of South Tyro￿ amd Ar¢4s Ltd Compathy limi¢od by guAr4nl¢e Indepeudetht Audltors. Réport to the m¢rnbers of Community Or8g4Disatiou of Soutb Tyron¢ •nd Areas Ltd for the y￿r ellded 31 March 2024 A4dlitsr'$ r¢sptsu¥lbllltkJ f•r the a￿dI1 •f tht fwau¢l41 Jl*ltNen 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. Miss￿emeM1$ 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 $th*m¢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 comp￿1¢ Aci 2(YJ6. Our audil work beth under￿k¢￿ $0 th4L we misht slate to th¢ cownpqny'5 rncmb¢rs th03c maiiefs we are requir￿1 10 ￿ale to Ihem In an auditors reFt)rt and for no other PUryK)s¢. To Ihe fLill¢st extent perni1t￿d by law, ¥ve do not accep¢ ur wumc r¥'yw)n5ibili¢y lo anyone oihLF ihan the Lompany and the company's members E%)dy, for our audii work, for ihi5 T¢￿rt, ur for th¥ upinions ￿ hav¢ lonned. A5 pan of uudii in a¥'(x)TdRnce with ISA$ (UK), w¢ exerL'ise professional ju(18mcni and maintain prole$sionAI scepiieigm Ihrou8houi ihe audit. We also.. Idenlify and a¥5¢5s ihe risks of mwcrid rni￿￿￿Melll of ihe financirdl s¢aiements. whether due to fraud or emr, desi8n and perfonn audit procedures rc$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 fra￿1 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 al￿11 evbdence obi&ined, whethee & maierial unc¢riainty c￿13¢￿ 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 re￿rt 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¢ b￿sed on Ih¢ audii evidence Ob￿ined 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 in￿sAC110￿& 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 perform￿7¢¢ or Ihe oudkl. W¢ remain sol¢ly restM)n5ible for our audil opinion. Community Org¥niiAtions ofsovth Tyrone and Aroa$ Ltd Cojnp*uy 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 Cl￿17eredA<,eo￿n1O1}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 4.420 4,420 5.719 Other rw8nis¢d 8ainy aThd10gses Othw 88in/(108Ms) Nei movemenl in funds 4.420 4.420 3.719 Tothl fyndJ bmulhi forward 73.689 Total ftsnd.¥ ¢arried forward 73,689 The 5tawncnt of Ilnan¢ial a¢liviiies in¢ludes all gains and losses recoxnised in the year. All in¢om¢ ¢xpendiiure thrive from ¢onliDuin8 t*iiviii¢s, Commynlty Oryanlthtlons ofso4th Tyrome *#d Arn¥ Ltd Compaiy Ilmlted by z¥*r**t*• Statement of Finaaclal Posltk)x A$ Al 31 M*r¢h Z024 Unr•trlrtedl Totsl Unr•rtrltttdl T•tsl Fu•d8 2•24 2023 Fhed isirfs Tangible fixed a& C*rr¢DI *1gets Debtor5 C8sh 81 b8nL and in hand 97.618 88.198 Credltsr¥: Amounts f4111n8 dae vAlhkn one 6,5￿1 1,5 91.118 86,698 To¢*1 a•xts Ims e*rr¢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 appIl￿b￿ ￿ c4)mr•les Mbiea to the small o)Inpanies regime. The financlal sta*ment¥ were QPW>ved arAI wilK*ixd 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 h*A C•Mr41 ibf•rn*lx)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. Aeegw*ilnK Pfylleks Basig of pv•p4¥•tlo The linuncial $I￿￿Tren¢$ 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 m*eriAI 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•rt*lnty 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 ¢AP*l'hLn¢i und vth¢r f&¥ioi's. I1￿1$￿￿1n￿ of fulur¢ ¥v¥nts ihui w¢ ￿lI￿Ve￿ ￿ br r¢￿Onabl¢ und¢r (hr Circum￿sn¢*5. Fufjd •¢¢oun¢kni Llnreslricied lunds avail8ble for us¢ ￿ th¢ di$￿eti￿n of the director5 lo further any of the chariiy, put￿$¢5. R¢Jtri¢ied funds arc 3ubjeci io restricuonJ ¢)n their ¢K￿MIlluT¢ dc¢lared by the donor. IN￿￿1￿1 Re￿￿r¢•$ All incomin8 resour¢¢s are in¢luikd in th¢ stst¢meni of financial u¢t*vilie$ wh¢n vnli¢l¢mcni hus plwcd ¢0 ihe ¢harity> 11 >s PTobabl¢ thai ih¢ Ccor￿mi¢ 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 entl￿ement 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 ￿ M￿Ure 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 ¢ontril￿11on of 8Mtral volunLrcr5. Incom¥ from contyacts for ihe supply ofservi¢¢s is recognised wilh ihe dclivy of the wntracL¢d service. Thi5 is ¢1￿11fted as unre5(ricted lunds unless iheTc is a cOntra￿ul1 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 ￿ accn￿lS 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. ExP￿Idit￿e on chorilAble &eiivities includ¢s Itl COSLS in¢utTed by a charity in und¢rtakin8 a¢tiviti95 ihAt funher ILS charitsble aims for Ilie t*nelil of beneflCiArie& in¢ludin8 knge supp)rt Costs and costs relaiing ¢0 thc 8ovcrnance orth¢ chari¢y apwnioned io Ch￿ilable 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 af*r he or she cew io be a ￿btr. J. U4vestri¢¢ed 14¢om* UDr¢s¢rkt¢d 2024 To¢al 2023 Totil Doi)alions l￿d Gifts Dtferred Income Relea9¢ 14 C•4wrAa*y Ory*•b•¢h¥ ofsouth Tyvon¢ Ar¢a• Ltd For thé y•*r t*41￿1 31ie Mir¢k 2024 3. R•*¢rle*d FID Restrkted Fuhd lll¢ome 2024 Toi*l 2023 To¢al A•Atyth off GrAlli i•¢••• R4¢•1v DAEIiA Grani MUD StrAi¢si¢ Ne￿Ork Gr￿( 43,730 43750 43750 3000 720 720 Rural WArni & cl￿1￿ Pl 720 1000 4. Au•ty•ts •f n4our¢M •xpmd•d Expendl*Mr• 2024 2023 AAityits of upMd•d for ek•Yl¢*ble ￿tt￿ttl COSTA CoYld-19 Micro Grants Slaff Costs Oen¢ro1 EX￿mI Trnvel Expens Bank Fees Light & He Subscripiions Charitsble expenditurt comprisu thox In¢u￿¢d by th¢ Ch￿lY in the d¢livery ofi 4¢tivities J•rvi¢¢6 for its b￿¢r￿larI IJ CO￿￿￿81ty 0¥%an1￿tIoj1 •f So¥th Tyff*B¢ #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 Tol*1 2023 Tot*l A￿>1$15 of r*gtrici¢d sr4ni ¢xp¢n DAERA Gran¢ MUDC Grani 43,730 43,750 J,Ix)o 43.750 7. Staff Costs No employee rffeiv¢d emolumenTS of rnor¢ than £￿.0(4). The iru¢ 5t&t1Y¢O￿ of th¢ compjny during the yur is noted below. The siaff COSls disclosed in the hav¢ b¢¥n r¢duLwI ¥ thcy httv¢ b¢¢n funded by a DAERA Grani . 2024 2023 Wa8e5 & SJlarie8 Social S¢ourity and Plnsion Cos 30,307 30,507 33,253 Amfjw#ts of Siiif C￿ts by Cr•AI AHl•ti4e• DAERA Grani Fundin8 8. Li Dlr¢¢lD No diJr¢tor or member r¢c¢ivcd any remunemion from th¢ CoM￿Y durin8 the year (2024.. £Nil). 16 CgmmuDity Ory*nts•ll••i of S••th TrroB• Artm Ltd oles ts Ihe Atto4Dts For the y•ar ¢u41¢d 3lJ¢ ￿r£b 2024 9. Tmilbk Flxed Asi¢ts Flxtur FIttID89 Tutsl At 31 ￿1&Y*ll 2•23 Additions DTrsposa Ai 31 Mirth 2014 4,979 4,979 Al 31 M•reh 2023 ChAr$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 Deb￿r3 I l. Crnlllon . Atyounts falllig du• yeir 2024 2023 Ac¢ruAI• Defetr¢d I￿OMe. 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 li*ililies and charR¢$ in the ¢urMt or pKvious y¢ar. 13. Tolal Ch*rlty Fuw Thero w&$ no fi￿d 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 l*Are 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 Rep￿r¢In8 102. the ￿mpanY is pemiued io prepare annual u¢x'ounL¥ which ex¢lud¢ a Cash Flow Siakin¢nL 18