Registered number N131871 GORTALOWRY HOUSE PROJECT LIMITED Unaudited Abridged Report and Accounts 31 March 2023 Company limited by guernnt89 not having a shar8 capital Registered Charity Number NIC 102418
GORTALOWRY HOUSE PROJECT LIMITED Company Informatlon Trustees D Barry O'Hagan Trevor Rollins Elizabeth Baxtor resigned 23 Decamber 2022 William Stewart Patrick McGuGkin Indopendont examlner A Mccrory & Co Limited 15b Molesworth Street Cookstown Co Tyrone BT80 8NX Bankers Danske Bank Limlted James Slr8et Cookstown Co TOne BT80 8NX Registered offlce 94 Church Street Cookstown Co Tyrone BT80 8HX Reglstered number N131871
GORTALOWRY HOUSE PROJECT LIMITED Registered number: N131871 Trustees, Report The directorltrustees present their report and unaudited financial ststements of th8 charity for the year ended 31 March 2023. Objectivo and activities Gortalowry House Projects Limited provides a neutral v8nue, rent rooms to local communlty and charitsble organisations under the general ethos of those providing support for the community. This Includes migranl work8rs, childcare facilities, advlce and support groups. Training organisations use our building regularly to provide a rang8 of both personal and career enhancem8nt training. Alongside this some recreational groups use our facilities. including a local children's dance group, a gardening club and inter-church forum. There are a number of groups who use small room for individual counselling and advice on everything from mental heath to drug and alcohol abuse, Given the level of expertlse that has arisen over the years we do provlde additlonal support at no charge to a number of local communfty and charitable groups in help wilh govemance and policles and procedures to ensure that they are in a position to move forward wtthin their organisations. The Trustees have paid due regard to guidance issued by th8 Charlty Commission in deciding what activities the charity should undertake. A¢hl&vement8 and perfomiance The advancement of Education Gortalowry House Is a communlty resource building whose primary aim is to provide a neutral venue for the community to assist them towards wort(ing together across the traditional polilical division in our communlty. This meanl that since our building was opened In June 2000. and even before when we W8fe in the mobi18 units, we provlded a useful r8sourc8 for Ihe communlty. Gortalowry House believes that over the past years we have buih and maintained useful community resource not only In the fabric of Ihe building itself but in the skills and expertise Ihat the many individuals connected to the building have. There are a range of Tenants and Casual users and they work 8ndlessty to 5UPPOrt the local ommunity through advice, servlce and assislance. We provide rooms for a range of community organisalions induding childcare organisations, mlgrant workers and their families, gri8f and bereavement groups. training organisations, support groups for illness including MS, Mindwise and Epilepsy Action, Resident associalions, Welfare and Advice groups, Church Forum. Speakers Club, Food Bank Group, Women's aid. Gardening Club and oth8r local volunlary and community groups. There are rooms for individual counselling services Indudlng Relate, Dunlewey Substance Abuse Group, Zest. Youth Justice Ag8ncy 8S W811 as Independent counsellors. Gortalowry House do85 charge a small fe8 for this hire, although for some groups that hav8 limited resources we will discuss reduclion of charges for a period to allow them to get oslablished. The staff and management committee of Gortalowry House have worked alongside other local groups, helplng with govemance, Operational matters and on occasions with practical help in organising events, loan of crockery, tables and chairs and other equipment, the advanment of Education particularly involving lrfelong learning. There are a variety of Training sessions held within Gortalowry House, gener81 organised on behalf of local groups or training organisations, they include Northern Childcare Partnership, Communty Foundation. Diversity Challengas and other organisations Gains from this range of training tnay include the following benefÈts for the community: increase in knoedge, Working alongside others, increase of self confidence and self*steem, provide trainlng specific to career development, and
GORTALOWRY HOUSE PROJECT LIMITED Registered number: N131871 Trustees. Report group development Including capacity building, looking at governan and assisting where necessary. The recent AGM report demonstrated the range of organisations who utilise Gortalowry House. Financial revlew The company is a not for profit charitable organisation whose purpose is to provida a neutral venu8 to local community and charftsble organlsalions. The charity aims to maintain funds at a level equivalent to three months expenditure, The Trustees consider r8serve3 of this lev81 ensuro Ihal in the event of 8 significant drop in funding. they will be able lo Continue current acilvlties while considering how additional funds can be raised, Th8 Trustees have assessed the major risks to whlch the Gharity is exposed, 8nd are satisfied that syslems ar8 In pl8ce to miliaate exposure to those. Trustées Structure* govornanco and management The charty 18 8 Company limited by guar8nte8 incorporat8d on 29 January 1997. The companywas established by a Memorandum of Association and is governed under its Articles of Association. The trustees, who are also the directors for the purposes of company law, and who served durtng the year and up to the date of signature of the financial 5tst8mentS W8ra'. D Barry O'H8gan Trevor Rollins Elizabeth Baxter resigned 23 Decernber 2022 William Stewart Patrick McGuckin Small company provlslons This report has been prepared in accordance with the provisions In Part 15 of the Companies Ad 2006 appllcable to companies subject to the small companies regime. This report was approved by the board on 10 May 2023 and signed on its behalf. All the members of Gortalowry House Project Limlted have consented to the preparatlon of th8 Unaudited Abridged Report of Accounts statement of the financial posltion for the current year in accordance with Section 444 (2A) of the Companles Act 2006. Barry O'H Director
GORTALOWRY HOUSE PROJECT LIMITED Accoiinta iits. report to the Trustees of GORTALOWRY HOUSE PROJECT LIMITED I reporl lo the Trlislees present Ilieir on my ex3minalion ol the finaiici21 slalemenls of the Gorlalowrv House Proiecls Limited I'lhe charilv'l for the vear ended 31 Marcli 2023. RespoiisiL)ilities and basls of report As the Iruslees of Ihe coiiipaiiy laiid also ils directors for the purposes ol company lawl you are respDiisible lor Ilie preparalicjn ol Ilie lindl)cial slaleiiienls in accordance wilh Ilie requireiiien15 of Ch2rilies Acl INorilieri) I i-elandl 2008 Ilhe '2008 Acl'l and Ilie Coinpanies Acl 20061'lhe 2006 Acl'l Yoii are satisfied 11)al Ihe accoLiiils ol the coini)any are nol reqiiired by charity or company Saw lo be audited and have chosen instead lo liave an iiidependenl exaniinaiion Yoii consider that 11)e coinpany Is exeinpl from an aiidil Yoii have acknowledged, on the balance slieel, your resp0115ibililies foi coi)Iplyiiig wilh the reqiiireinenls of Ilip. Coinpanie5 Act 2006 wilh respect lo accoiinliii9 1"ecoi"ds and Ilie preparation ol accoliiils. Tliese responsibililies iiiclude prepariiig accoiints Ihal give 8 IrLie and fair view of Ilie slate ol affairs of the company al 11)e end ol Ilie financial year and ol Ils profil or loss lor the lii)anci31 year. Having satisfied myself that Ilie accouiils ol the company are not required lo be aLidiled under Parl 16 01 the 200f) Act rlnd are eligible for independent examination. I report in respect ol my examinalion of Ilie charily's financial slalemenls as carried out Linder sec110n 65 ol the 2008 Act. IN C<irrying oul niy exaiiiiiialioii I have followed Ilie general Direclioiis given by the Charity Conimission lor Norlhein Ireland under section 6Jl9llbl ol Ilie 2008 Act. Independgnt examiner's statemci)t I have completed my ex8minalioii. I confirin Ilial iio mallers have coine lo my alleiilion in coiineclion with Iny examination gIvng iiic cause lo believg Ilial in any rnalerial respecl. Accoui'iling records were nol kept iii respect ol the cliarily as reciiiired by seclion 386 01 Ilie 2006 Aci.. or The financial slalemenls do not accord wilh 11)ose records.. or The Financial slaleinenls do iiol coiiii)Ii/ ivilli 11)e accoiinlii)g reqiiire.nionlq ol section 396 01 Ilie ?006 Act ollior Iliaii aiiy reqliireiiieiil Ilial the 1t CCOLiiils give ¢? 'IrLie aiid lair. view which is not a maller censidered as parl o)1 ali indei)eii(IL?Iil exgliiinalion.. or The financial slalemenl,I have not been prepared in accordance with the methods arid principles ol the Slalenieiil ol Recommended Practice for accouiiling 3iid reporting by charities applicable lo ch<irilies preparing Ihoir accoiinls in accordance ivill) the Financial Reporting Standards applicable Ilie UK and RepLiblic ol I reland IFRS 102). I confirm that there are iio olhei Inallers lo which your allenlion should be drawi) lo enable proi)er understanding of the accoiiiils lo be reaclied. A Mccroi'y & Co Lin)i Chartered Accouiilai Is 15b I,Aole5worlli Slreel Cooksloiiin Co Iyroiie TSO 8NX 10 May 2023
GORTALOWRY HOUSE PROJECT LIMITED Income and Expenditure Account for the year ended 31 March 2023 2023 2022 Turnover 66.815 94,490 Administrative expenses (91,8071 {71,931) Operatin9 surplusl(Deflclt) (24.9921 22,559 Interest receivable 76 Surplusl(deflcltl on ordlnary actlvltles (24,9161 22,566 Surplusl(deflclt) for the flnanclal year 24,916 22,566
GORTALOWRY HOUSE PROJECT LIMITED Registered number: N131871 Balance Sheet as at 31 March 2023 Notes 2023 2022 Fixed a880ts T8nglble essets 471,240 471,726 Current assets Cash at bank and in hand 21,529 45,959 Creditors: amounts falling du8 within one year (1,342) (1,342) Net Current Assets 20,187 44,617 Net A6S0ts 491427 516,343 Capltal and reserves Profit and loss account 491,427 516,343 Shareholders. fund• 491,427 516,343 The directors are sallsfl8d that the company is entltled to examptlon from the requirement to obtaln an audit under section 477 of the Companies Act 2006, The m8mbers have not required the company to obtain an audil in accordanc6 wlth sectlon 478 of the Act. The directors acknowledge thelr responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have bean prepared and delivered in accordance with the speclal provisions applicable lo companies subject to the small Gompani88 regime. The profit and loss account has not been delivered to the Regislrar of Companies. All the members of Gortalowry Hous8 Project Limited have consented to the preparatlon of the Unaudited Abridged Report of Accounts statement of the financlal posilion for the current year in aGcordanc8 wilh Section 44412A) of the Companies Act 2006. Trevor Rollins Oirector Approved by the board on 10 May 2023
GORTALOWRY HOUSE PROJECT LIMITED UNRESTRICTEDIRESTRICTED ACCOUNT for the year ended 31 March 2023 Unrestrirted Funds Restrict8d Funds Total 2023 Total 2022 Incomlng Resours•s Rental Income Donations and legacies Investment Income Catering other Income 66.505 310 76 66,505 310 76 55,299 3.930 35.261 66.891 66,891 94.497 Resources Expende<l Cosl of Income Bank Charges and Interest incurred Administrative Premises Legal and Professional Catering and sundry costs Telephone, stationery and general admin Promis8s Caretaking and IA8intenance Premises Repairs 54 36,717 12,863 1,320 3,370 1,401 33,206 2,876 43 31,313 12.869 1,446 4.134 1.810 17,171 3.145 36,717 12,863 1,320 3,370 1,401 33,206 2,876 Inter8St payable Total Resourses Expended ' 91,807 91,807 71,931 Nel Movement in Funds -24,916 -24.916 22,566 Total Funds Brought Forward 515,299 1.044 516,343 493,777 Total Funds Carried Forward 490.383 1.044 491,427 516,343
GORTALOWRY HOUSE PROJECT LIMITED Statement of Changes In Equlty for the year ended 31 March 2023 Sharè Share Proflt capltal premlum valuatlon and loss reserve account Total At 1 April 2021 493.777 493.777 Surplusl(Deficit) for the finanal y8ar 22,566 22.566 At 31 March 2022 516,343 516,343 At 1 Aprll 2022 516,343 516.343 Surplusl(Deficitl for th8 financial year 124,916) (24,916} At 31 Mar¢h 2023 491,427 491,427
GORTALOWRY HOUSE PROJECT LIMITED Notes to the Accounts for the year ended 31 March 2023 the chaiity is a public benefit entlty and a privat8 company limlted by guarentee, registered in North8m Ireland arKI 8 registered charity in Northern Ireland. The address of the registered office is 94 Church sireet. Cookstown Co Tyrone BT80 8HX. 1 Accounting policies Statornent of compliance and Golng Concern The accounts have been prepared on the going concern basis und8r the historlcal cost convention and in Complian with FRS 102, 'The Financial Reportlng Standard applicable in the UK and tho Republic of Ireland,. the Statement of Recommended Practice applicable to Charites preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK 2nd Republic of Ireland (FRS 1021 (Charities SORP {FRS 1021) and the Companles Act 2006. Incomlng Resources All incomlng resources are included In the statement of financial activities when entillement has passed lo the charity, it is probable thal the economic benefits associated with the Iransaction wlll flow to the charity and the amount can be rellebly measured. The following gpacific polices are applied to particular cat8gorised of incorne, Income form donatlons or grants is recognised when there is evid8n¢8 of èntitlem8nt to the glft. receipt is probable and Its amount can b8 measured reliably. Income from donated goods Is measured at the fair value of th8 goods unl8ss this is impractical to measure reliably, In which case the valuè is derived from the cost lo the donor or the 8Stimaled res81e valu8. Donated facilities and seNlces are recognised in the accounts when received if the value can be feliably measured. No amounts are induded for the conlribution of general volunteers. Tanglble fixed assets Tanglble fixed assets are measured at cost less accumulative deprlatIOn and any accumulativo impairment losses. Depreciation is provided on 811 tangible fixed assels. other than freehold land, at rates calculated to write off the cost, less estimaled residual value, of each assel evenly over its expected useful Ilfe. as follows.. Freehold bulldlngs Planl and machinery No deduction 15°/o Reducing balance 2 Employ809 2023 Numbor 2022 Number Average number of persons 8mployed by the company
GORTALOWRY HOUSE PROJECT LIMITED Notes to the Accounts for the year ended 31 March 2023 3 Tanglble fixed assets Plant and machlnery etc Land and bulldlngs Total Cost At 1 April 2022 At 31 March 2023 468,489 468,489 24,404 24,404 492,893 492,893 DaproGlatlon At 1 April 2022 Charge for the year At 31 March 2023 21,167 486 21,653 21,167 486 21,653 Net book value At 31 March 2023 468,489 2,751 471,240 At 31 March 2022 468,489 3,237 471,726 4 Crnditors: amounts falling due wllhin one year 2023 2022 Other Gredttors 1,342 1,342 5 R•latod parties There were no disclosable related party transactions durlng the year (2022 - none). 10
GORTALOWRY HOUSE PROJECT LIMITED Detailed income and expenditure account for the year ended 31 March 2023 This schedule does not fomi part of the statutory accounts 2023 2022 Income 66,815 94,490 Administralive expenses 191,807) (71,931) Operating surplus (24,992) 22.559 Interest receivable 76 Surplu8 24,916 22,566
GORTALOWRY HOUSE PROJECT LIMITED Detalled income and expenditure account for the year ended 31 March 2023 This schedule does not fonn part of the statutory accounts 2023 2022 Incoma Rental Inu)me Furlough Staff Wages Donations Grant Covid Recovery Grant VCSE Covid Recovery Catering Sundry Income- Photocoping 66.505 55,299 3,930 310 32.373 2,888 66,815 94,490 Admlnistrative expenses Employee costs.. Wages and salaries Catering Volunteers Expenses 36,717 122 769 37,608 31,313 500 406 32,219 Premls8s costs". Rent Wat8r Charg8 Repair5 and maintenanc8 Maintenance Contract Light and heat Cleaning 8,400 161 2,876 18,894 12,888 1,424 44,643 8,400 149 3,145 6,107 9,529 1,535 28,865 General admlnistratlve expenses: Telephone and fax Administration and C18rical Stalionery and printing Bank charges Insurance Depreciation Sundry expenses 1,164 55 182 54 4,302 486 1.948 8,191 1,018 748 43 4,320 571 2,657 9,401 Legal and professlonal costs: Accountancy fees Donatlons 1,320 45 1,365 1,446 91,807 71,931 12