REGISTERED COMPANY NUMBER: N1601796 (Northern Ireland) REGISTERED CHARITY NUMBER: 101635 ort ofthe Trustees and Unaudited Financial Statements for the Year Ended 31 Janua 2021 for an Communit Association W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG
Tir an Communit Association Contents of the Financial Statements for the Year Ended 31 Janua 2021 Page Report of the Trustees Independent Examinerfs Report statement of Financial Activities statement of Financial Position Notes to the Financial Statements Detailed Statement of Financial Activities 9 to 15 16 to 17
Tir an Communi Association Re ort of the Trustees for the Year Ended 31 Janua 2021 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} {effeclive 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims Tirgan Community Assoc provide a wide range of services for the rural inhabitants of Tirgan and the surrounding area, to improve the quality of life and increase the skills and activity of all age groups whilst adhering to Section 75 ofthe Northern Act 1998. Public benefit The Association owns and manages a community hall based in Tirgan The newly built hall offers the rural area of Tirgan and district a fantastic amenity 511e to help the local community develop, engage and encourage citizenship across a wide range of activities and recreational functions. The broad range of activities such as Youth Club, Arts & Crafts, Hill walks, Health & Safety Courses,Tea & Dances, Keep fit, Hall hire elc help to educate and promote interaction amongst the community, across all religious and social backgrounds. Tirgan Community has recently been awarded The William Keown Trust in recognition of the ontribution to an accessible, user friendly environment and our honorary Chairperson has also been recently awarded for their contribution to the local community. This year there was only a small number of activities undertaken due to the Covid 19 pandemic and the extension of the Hall. The new extension was completed in June 2020. We hope to resume normal activities next year. There continues to be no private gain to any individual member. In setting our objectives and planning our activities for the year the trustees have given careful consideration lo the Charity Commission for Northem Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to Ihe beneficiaries. FINANCIAL REVIEW Financial position Nett income for the year was £159,162. (Nett Loss £3,489 31101120 . Total funds at the year end were £190,304. (£31,142 31.1.20). Capital grants received in previous years, that were treated as dèferred income, released fully to the SOFA totalling £163,647 (Perfomian¢8 model now used to account for government grants) Excluding the capital grants of £163,647, 8 nett loss for the year would be realised of £4,485. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity Is controlled by its governing document, a deed of trust. and constitutes a limited company, limited by guarantee, as defin8d by the Companies Act 2006. Page 1
Tir an Communit Association ort of the Trustees forthe Year Ended 31 Janua 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The management committee of Tirgan Community Association administers the charity. Monthly meetings are held to discuss ongoing projects, finances and other issues. Risk management The trustees have a duty to identify and review the risks to which the charity is exposad and to ensure appropriate controls are in place to provide reasonable assurance against fraud and eor. This is maintained by the committee with a formal risk strategy, with potential risks and threats considered at the monthly meeting. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1601796 (Northern Ireland) Registered Charity numbar 101635 Registered office 36 Tirgan Road Moneymore Magherafelt Co. Derry BT45 7RX Trustees E MGGovern P McGovem H l O, Neill P O, Neill Company Secretary Independent Examiner W McGillian W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Solicitor5 O, Kane Boyle 51 St. Patricks Street Draperstown Co.Derry BT45 7AJ Page 2
Tir an Communit Association Re ort of the Trustees for the Year Ended 31 Janua 2021 REFERENCE AND ADMINISTRATIVE DETAILS Bankers Bank of Ireland 21 St. Patricks Street Draperstown Magherafelt Approved by order of the board of trustees on 12 October 2021 and signed on its behalf by.. E McGovern - Trustee Page 3
Inde endent Examineffs Re ort to the Trustees of Tir an Communit Association I report on the accounts of the company for the year ended 31 January 2021, which are set out on pages six to fifteen. Respectlve responslbilities of charlty trustees and examlner As the charity's trustees (and also the diredors for the purposes of company lawl you are responsible for the preparation of the accounts in accordanGe with the rèquirements of the Cornpanies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, it is my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the gèneral Directions given by the Charity Commission for Northern Ireland under Section 65(9)Ib} of the Charities Act state whether particular matters have come to my attention. Basis of the independent examinels report I have examined your charity accounts as required under section 65 of the Charities Act and rny examination was Carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those reGords, It also includèd consideration of any unusual items ar disclosures in the accounts, and seeking explanations from you as Gharity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me Gause to believe.. That accounting records were not kept in accordanGe with section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Art 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there 15 further information needed for a proper understanding of the accounts to be reached. Independent examingr's statement I have completed my examination and have no concerns in respect of the matters11) to {4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. W McGillian W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Page 4
Inde endent Examinels Re ort to the Trustees of Tir an Communit Association Date.. Page 5
Tir an Communit Asso¢iation Statement of Financi81 Activities for the Year Ended 31 Janua 2021 31.1.21 Total funds 31.1.20 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activlties Charitable Activities 1,300 9,474 171,406 3,587 174,993 other trading activities other income 3,802 14,578 Total 171,406 3,587 174,993 EXPENDITURE ON Charitable activitles Charitable Activities 15,831 18,067 13,269 2,562 NET INCOMEI(EXPENDITURE) Transfers beOe funds 158,137 1,025 159,162 (3,489) 16 2,345) {3,489) Net movement In funds RECONCILIATION OF FUNDS Total fund5 brought forward 160,482 (1,320) 159,162 28,922 2,220 31,142 34,631 TOTAL FUNDS CARRIED FORWARD 189,404 900 190,304 The notes form part of these financial statements Page 8
Tir an Communil Association Statement of Financial Position 31 Janua 2021 31.1.21 31.1.20 Notes FIXED ASSETS Tangible assels 10 202,960 208,303 CURRENT ASSETS Debtors Cash at bank and in hand 55,465 48 27,615 55,513 51,051 CREDITORS Amounts falling due within one year 12 (21,625) (173,716) NET CURRENT ASSETS 33,888 128,130) TOTAL ASSETS LESS CURRENT LIABILITIES 236,848 80,173 CREDITORS Amounts falling due after more than one year 13 146,544) (49,031) NET ASSETS 190,304 31,142 FUNDS Unrestricted funds Restricted funds 16 189,404 900 28,922 TOTAL FUNDS 190,304 31,142 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) Complying with the requirement5 of the Act with respect to ensuring to accounting records and the preparation of accounts The notes form part of these financial statements Page 7 continued...
Tir an Communit Association statement of Financial Position continued 31 Janua 2021 These financial statements have been prepared in accordance with the provisions applicable to charitable Gompanies subject to the small company's regime. The financial statements were approved by the Board of Trustees and authorised for issue on 12 October 2021 and were signed on its behalf by: P McGovern - Trustee E McGovern - Trustèe The notes form part of these financial statements Page 8
Tir an Communil Association Notes to the Financial Statements for the Year Ended 31 Janua 2021 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in a¢cordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard appliGable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and th8 amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and ha5 been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangibje fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Plant and machinery Fixtures and fittings 4% oncost 200/0 on reducing balance 200/0 on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in a¢cordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes wrthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 9 continued..-
Tir an Communi Association Notes to the Financial Statements - continued forthe Year Ended 31 Janua 2021 DONATIONS AND LEGACIES 31.1.21 31.1.20 Donations 1,300 OTHER TRADING ACTIVITIES 31.1.21 31.1.20 Fundraising events INCOME FROM CHARITABLE ACTIVITIES 31.1.21 31.1.20 Activity Charitable Activities Charitable Adivities Charitable Activities Charitable Activities Charitable Activities Charitable Activities Charitable Activities Youth Club Fundraising events Tuck shop Grants Catering F4all hire Tea & Danc8 522 2,651 160 5,160 33 605 173,751 25 610 174,991 Grants received, included in the above, are as follows: 31.1.21 31.1.20 Education Authority Mid Ulster Council CWSAN Big Lottery Fund ' Food for life Enkalon Foundation SWARD Grant. NIHE" AIVC" DAERA" Covid 19 Charities Fund 540 3,570 3,437 150 8,456 150 900 140,632 12,950 903 706 173,751 5,160 Grants are accounted for under the Perforrnan Model. Capital grants received in previous years released to the SOFA Page 10 continued..
Tir an Communit Associalion Notes to the Financial Statements - ¢ontinued for the Year Ended 31 Janua 2021 CHARITABLE ACTIVITIES COSTS Support costs (see note 61 Dired Costs Totals Charitable Activities 159 SUPPORT COSTS Govemance cosls Charitable Aclivities 15.672 NET INCOMEI(EXPENDITUREI Net incomel(expenditure} is stated after Ghargingl(Grediting): 31.1.21 31.1.20 Depreciation - owned assets 5.343 5,496 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 January 2021 nor for the year ended 31 January 2020. Trustees, expenses There were no trustees, expenses paid for the year ended 31 January 2021 nor for the year ended 31 January 2020. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 1,300 1,300 Charitable activities Charitable Activities 4,314 5,160 9,474 Other trading activities other income 3,802 3,802 Total 9,418 5,160 14,578 EXPENDITURE ON Charitable activitles Charitable Adivities 14,587 3,480 18,067 Page11 continued...
an ommuni Association Notes to the Financial Statements - continued for the Year Ended 31 Janua 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted Total funds funds funds NET INCOMEIIEXPENDITURE) (5,169) 1,680 (3,489) RECONCILIATION OF FUNDS Total funds brought forward 34,091 540 34,631 TOTAL FUNDS CARRIED FORWARD 31,142 28,922 10. TANGIBLE FIXED ASSETS Fixtures and fsttings Freehold property Plant and machinery Totals COST At 1 February 2020 and 31 January 2021 238,056 2,738 250,253 DEPRECIATION At l February 2020 Charge for year 34,191 5,997 387 1,762 195 41,950 5,343 At 31 January 2021 38,952 6,384 1.957 47,293 NET BOOK VALUE At 31 January 2021 199,104 3,075 781 202,960 At 31 January 2020 203 865 3,462 978 208,303 Page 12 continued...
Tir an Communil Association Notes to the Financial Statements - Gontinued for the Year Ended 31 Janua 2021 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.21 31.1.20 Donation owed Inter-company Tirgan club 1,673 53,792 1,673 25,492 27,165 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.21 31.1.20 Bank loans and overdrafts (see note 14) Other loans (see note 14) Trade creditors other Creditors VAT Accrued expenses Deferred government grants 11,530 8,000 612 88 945 450 8,000 697 88 563 720 163,648 21,625 173,716 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.1.21 31.1.20 Other loans (see note 14) 46,544 49,031 14. LOANS An analysis of the maturity of loans is given below.. 31.1.21 31.1.20 Amounts falling due within one year on demand: Bank overdrafts other loans 11,530 8,000 19,530 8,000 Amounts falling between one and two years: Other loans - 1-2 years 46,544 49,031 Page 13 continued...
Tir an Communit Association Notes to the Financial Statements - continued for the Year Ended 31 Janua 2021 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted funds funds 31.1.21 Total funds 31.1.20 Total funds Fixed assets Current assets Current liabilities Long term liabilitie5 209,965 {7,005) 202,980 208,303 29,459 26,054 55,513 45,586 (3,476) (18,1491 {21,825) {173,716) 46,544 189,404 900 190.304 31,142 16. MOVEMENT IN FUNDS Net movement in funds Transfers beeen funds At 31.1.21 At 1.2.20 Unrestrlcted fund5 General fund Revenue Grant 28,922 151,620 6,517 2,345 182,887 28,922 158,137 2,345 189,404 RestriGted funds Revenue Grant C8Pltal Grant 2,220 1,025 (988) 2,277 2,220 1,025 2,345 900 TOTAL FUNDS 31,142 159 182 190,304 Net movement in funds, included in the above are a5 follows.. Incoming Resources Movement resourcés expended in funds Unrestrlcted funds General fund Revenue Grant 164,889 6,517 {13,289) 151,620 6,517 171,406 113,289) 158,137 Restricted funds Revenue Grant 3,587 (2,562) 1,025 TOTAL FUNDS 174,993 15,831 159,162 Page 14 ccntinued...
Tir an Communit Association Notes to the Financial Statements - continued for the Year Ended 31 Janua 2021 16. MOVEMENT IN FUNDS - contlnued Comparatives for movement in funds Net movement in funds At 31.1.20 At 1.2.19 Unrestricted funds General fund 34,091 (5,169) 28,922 RestriGtod funds Revenue Grant 540 1,680 2,220 TOTAL FUNDS 34,631 3,489) 31,142 Comparative net movement in funds, included in the above are as follows.. Incoming Resour$ Movement resources expended in funds Unrestricted funds General fund 9,418 (14,587) (5,169) Restricted funds Revenue Grant 5,160 (3,480) 1,680 TOTAL FUNDS 14,578 18,067) 3,489) 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 January 2021. Page 15
Tir an Communit Association Detailed Statement of Financial Activities far the Year Ended 31 Janua 2021 31.1.21 31.1.20 INCOME AND ENDOWMENTS Donatlons and legacies Donations 1,300 Other trading actlvitles Fundraising events Charitable activlties Youth Club Fundraising events Tuck shop Grants Catering Hall hire Tea & Dance 522 2,651 160 5,180 33 948 605 173,751 25 610 174,991 9,474 other Income Deferred Income Govn Grants 3.802 Total incorning resources 174,993 14,578 EXPENDITURE Charitable actlvitles Youth Club Cleaning and consumable Courses & Lecturer fees Fundraising costs Licences Food & Drink Catering Charitable Donation 220 29 50 260 301 17 48 155 159 1,925 Support costs Governance costs Insurance Light and heat Carried foNard 1,456 1,288 2,744 1,394 1,107 2,501 This page does not forni part of the statutory financial statements Page 16
an Communi Association Detailed Statement of Financial Activities for the Year Ended 31 Janua 2021 31.1.21 31.1.20 Governance Costs Brought forward Telephone Accountancy fees Repairs & Maintenance Fire I Security Protection Bank charges Legal & Professional Advertising Water Rates Loan Interest Sundry Travel & mileage Vat Annual Adjustment Freehold property depreciation Plant and machinery depreciation Fixtures and fittings depreciation 2,744 228 893 2,493 2,501 240 855 840 435 506 3,675 190 281 216 62 3,436 138 335 907 4,761 491 244 4,761 387 195 15.672 Total resources expended 18,067 Net Incomel(expenditure) 159,162 This page does not form part of the statutory financial statements Page 17