REGISTERED COMPANY NUMBER." N1601796 {Northern Ireland) REGISTERED CHARITY NUMBER: 101635 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 Janua 2025 for Tir an Communit Association W MCGILLIAN & CO LTD Unit A2. Workspace 7 Tobermore Road Draperstown Derry BT45 7AG
Tir an Communi Asscciation ontents of t e Finan ial Statements for the Year Ended 31 Janua 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 9 to 15 Detailed Statement of Financial Activities 16 to 17
an Communi Association ort of the Trustees for the Year Ended 31 Janua 2025 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 2025. 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) (effective 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 qLJality of life and increase the skills and activity of all age groups whilst adhering to Section 75 of the Northern Act 1998. Public benefit The Association owns and manages a communty hall based in Tirgan. The newly built hall offers the rural area of Tirgan and district a fantastic amenity site 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 etc 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 contribution to an accessible, user friendly environment and our honorary Chairperson has also been recently awarded for their contribution to the local community. This year we undertook our annual hill walk and the big breakfast fundraiser. We held a Fun Day and Halloween Disco and Retro Run. All were well attended and helped to raise much needed funds. The focus will be to increase fundraising activities for nexl year and increase the hall hire and functions. 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 to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. FINANCIAL REVIEW Financial position Nett surplus for the year was £1,321. (Nett deficit £3,738 31101124). Total funds at the year-end were £181,880. (£180,559 31.1.24). Performance model used to account for grants. A management charge and loan interest charged to our connected social club (Tirgan Recreational & Social Club) are shown as other income on the SOFA. 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 defined by the Companies Act 2006. Page 1
Tir an Communit Association ort of the Trustees for the Year Ended 31 Janua 2025 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 exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 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 number 101635 Registered office 36 Tirgan Road Moneymore Magherafelt Co. Derry BT45 7RX Trustees E McGovern (resigned 1.3.24) P McGovern H l O, Neill P O, Neill Independent Examiner K Magill - Chartered Accountant W MCGILLIAN & CO Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Solicitors O, Kane Boyle 51 St. Patricks Street Draperstown Co.Derry BT45 7AJ Page 2
Tir an Communit Association ort of the Trustees for the Year Ended 31 Janua 2025 REFERENCE AND ADMINISTRATIVE DETAILS Bankers Bank of Ireland 21 St. Patricks Street Draperstown Magherafelt Approved by order of the board of trustees on 27 June 2025 and signed on its behalf by.. McGovern - Trustee Page 3
Inde endent Examineffs Re Tir ort to the Trustees of an Communit Association I report on the accounts of the company for the year ended 31 January 2025, which are set out on pages six to fifteen. Respectlve responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to". examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65{9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my 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 records. It also included consideration of any unusual items or disclosuS in the accounts, and seeking explanations from you as charity trustees concerning any such Matters. My role is to state whether any material matters have come to my att8ntion giving me cause to believe: That accounting records were not kept in accordance 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 Act 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 is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (1) 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. ffl49111 K Magill - Chartered Accountant W MCGILLIAN & CO Unit A2, Workspace 5-7 Tobermore Road Draperstown Co. Derry BT45 7AG Page 4
Inde endent Examiner's Re ort to the Trustees of an Communit Association Date.. Page 5
Tir an Communit Association Statement of Financial Activities for the Year Ended 31 Janua 2025 Unrestricted Restricted funds funds 31.1.25 Total funds 31.1.24 Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activities Notes 10,364 10,364 5,412 4,146 4,111 8,257 Other income 8,286 1,087 1,087 Total 1,063 15,597 4,111 19,708 14,761 EXPENDITURE ON Charitable activities Charitable Activities 14,276 4,111 18,387 Total 18,499 14,276 4,111 18,387 18,499 NET INCOMEI(EXPENDITURE) 1,321 1,321 (3,738) RECONCILIATION OF FUNDS Total funds brought forward 179,659 900 180,559 184,297 TOTAL FUNDS CARRIED FORWARD 180,980 900 181,880 180,559 The notes form part of these financial statements Page 6
an Communit Association Statement of Financial Position 31 Janua 2025 FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank an(J in hand Notes 31.1.25 31.1.24 184,861 190,822 10 21.612 187 20,305 129 CREDITORS Amounts falling due within one year 21,799 20,434 11 (20,371) (23,193) NET CURRENT ASSETS 1,428 TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 186,289 188.063 12 (4,409) (7,504) NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS 181,880 180,559 15 180,980 900 179,659 900 181,880 180,559 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) Complying with the requirements of the Act with respect 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 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 27 June 2025 and Were signed on its behalf by: cGovern - Trustee The notes form part of these financial statements Page 8
Tir an Communi Association Notes to the Financial Statements for the Year Ended 31 Janua ACCOUNTING POLICIES Basis of preparing the financial statements The financial statèments of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance With the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordanTr with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable 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. Expendlture 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 the amoLJnt of the obligation can be measured reliably. Expenditure is accounted for On an accruals basis and has 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. Tangible fixed assets estimated useful life. Depreciation is provided at the following annual rates in order to write off each asset over its Freehold propety Plant and machinery Fixtures and flttings Taxation The charity is exempt from corporation tax on its charitable activities. Fund accountlng of the trustees. Unrestricted funds can be used in accordance with the charitable objectives at the discretion 4% oncost 20 % on reducing balance 200/0 on reducing balance Restricted funds can only be used for particular restricted purposes Within 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 for the Year Ended 31 Janua 2025 DONATIONS AND LEGACIES 31.1.25 31.1.24 Donations 10,364 5,412 INCOME FROM CHARITABLE ACTIVITIES 31.1.25 31.1.24 Activity Charitable Activities Charitable Activities Charitable Activities Charitable Activities Charitable Activities Door Fee Fundraising events Grants Catering Hall hire 234 2,165 4,111 972 775 2,854 3,468 965 178 821 8,257 8.286 Grants received, included in the above, are as follows: 31.1.25 31.1.24 DAERA Mid Ulster Council CWSAN 1,996 2,115 365 500 4,111 865 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Charitable Activities 18,387 Page 10 continued...
Tir an Communi Association Notes to the Financial Statements- continued for the Year Ended 31 Janua SUPPORT COSTS Govemance costs Charitable Activities 18,387 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting)'. Depreciation - owned assets 31.1.25 31.1.24 5,961 5,441 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 January 2025 nor for the year ended 31 January 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Charitable actlvities Charitable Activities Other income 5,412 5,412 7,321 965 8,286 1,063 Total 1,063 13,796 965 14.761 EXPENDITURE ON Charitable actlvities Charitable Activities 17,534 965 18,499 NET INCOMEI{EXPENDITURE) (3,738) (3,738) RECONCILIATION OF FUNDS Total funds brought forward 183.397 900 184,297 Page 11 continued...
Tir an Communit Association Notes to the Financial Statements - continued for the Year Ended 31 Janua 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted Total funds funds funds TOTAL FUNDS CARRIED FORWARD 179,659 900 180,559 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Plant and machinery Computer equipment Totals COST At 1 February 2024 and 31 January 2025 238,056 12,460 2,738 1,667 254,921 DEPRECIATION At 1 February 2024 Charge for year 53,235 4,761 7,903 911 2,338 80 623 209 64.099 5,961 At 31 January 2025 57,996 8,814 2,418 832 70.060 NET BOOK VALUE At 31 January 2025 180,060 3,646 320 835 184.861 At 31 January 2024 184,821 4.557 400 1,044 190.822 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.25 31.1.24 Trade debtors Other Debtors Inter-company Tirgan club 7,980 3.416 7,160 3,416 21,612 20.305 Page 12 continued...
Tir an Communi Association Notes to the Financial Statements - continued for the Year Ended 31 Janua 2025 11. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.25 31.1.24 Bank loans and overdrafts (see note 13) Other loans (see note 13) Trade creditors Other Creditors VAT Accrued expenses 9,234 8,000 593 4,468 8,000 593 6,832 395 2,905 995 1,549 20,371 23,193 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.1.25 31.1.24 Other loans (see note 13) 4,409 7.504 13. LOANS An analysis of the maturity of loans is given below: 31.1.25 31.1.24 Amounts falling due within one year on demand: Bank overdrafts Other loans 9,234 8.000 4,468 8,000 17.234 12,468 Amounts falling between one and two years". Other loans - 1-2 years 4,409 7.504 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted funds funds 31.1.25 Total funds 31.1.24 Total funds Fixed assets Current assets Current liabilities Long term liabilities 189,866 (1.137) (5,005) 22,936 (3,340) (17,031) 184.861 21,799 (20.371) 190,822 20,434 (23,193) 180,980 900 181,880 180,559 Page 13 continued...
an Communi Association Notes to the Financial Statements - continued for the Year Ended 31 Janua 15. MOVEMENT IN FUNDS Net movement in funds Unrestricted funds General fund Revenue Grant At 1.2.24 At 31.1.25 173,142 6,517 1,321 174.463 6,517 Restricted funds Revenue Grant Capital Grant 179,659 1.321 180,980 2,277 2,277 TOTAL FUNDS 900 900 180,559 1.321 181,880 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Incoming Resources Movement resources expended in funds Restricted funds Revenue Grant 15,597 (14,276) 1,321 4,111 (4,111) TOTAL FUNDS 19,708 18.387) 1,321 Page 14 continued...
Tir an Communit Association Notes to the Financial Statements - continued for the Year Ended 31 Janua 2025 15. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 1.2.23 At 31.1.24 Unrestricted funds General fund Revenue Grant 176.880 6.517 (3,738) 173,142 Restricted funds Revenue Grant Capital Grant 183,397 (3,738) 179,659 2.277 2,277 900 900 TOTAL FUNDS 184,297 180,559 Comparative net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 13,796 (17,534) (3.738) Restricted funds Revenue Grant 965 (965) TOTAL FUNDS 14,761 18,499) 16. RELATED PARTY DISCLOSURES Trustee, Mr Paul McGovern is owed £8,000 at 311112025. This was from an interest free loan he provided to the Charity during the 3110112014 year end. Page 15
an Communi Association Detailed Statement of Financial Activities for the Year Ended 31 Janua 2025 31.1.25 31.1.24 INCOME AND ENDOWMENTS Donations and legacies Donations 10,364 Charitable a¢tivitles Door Fee Fundraising events Grants Catering Hall hire 5,412 234 2,165 4,111 972 775 2,854 3,468 965 178 821 8.257 Other income Management charge Interest receivable on loans 8,286 600 487 600 463 1,087 Total incoming resources 1,063 19,708 14,761 EXPENDITURE Support costs Governance costs Insurance Light and heat Telephone Accountancy fees Repairs & Maintenance Fire I Security Protection Bank charges Advertising Charitable Donation Water Rates Loan Interest Sundry Cleaning & consumables Licences Health & Safety Vat Annual AdjLJStment Carried forward 2.130 1,393 314 (129) 4,136 467 748 70 1,757 2,838 310 2,058 1,324 587 540 18 1.000 237 738 15 128 409 276 787 14 409 385 (277) 10,723 (59) 11,900 This page does not form part of the statutory financial statements Page 16
Tir an Communi Association Detailed Statement of Financial Activities for the Year Ended 31 Janua 2025 Governance costs Brought forward Printing, postage & stationery Food Event costs Computer costs Freehold property depreciation Plant and machinery depreciation Fixtures and fittings depreciation Computer equipment depreciation 31.1.25 31.1.24 10,723 11,900 30 353 500 275 4,761 410 100 170 533 1,170 4,761 911 80 209 Total resources expended 18,387 18.499 Net incomel(expenditure) 18,387 18,499 1.321 This page does not form part of the statutory financial statements Page 17