Registered number N1031871 GORTALOWRY HOUSE PROJECT LIMITED Unaudited Abridged Report and Accounts 31 March 2024 Company limited by guarantee not having a share capit81 Registered Charity Number NIC 102418
GORTALOWRY HOUSE PROJECT LIMITED Company Information Trustees D Barry O'Hagan Trevor Rollins Sean McElhatton William Stewart Niall F Brennan Patrick McGuckin Secretary) Independent examiner A Mccrory & Co Limited 15b Molesworth Street Cookstown Co Tyrone BT80 8NX Bankers Danske Bank Limited James Street Cookstown Co Tyrone BT80 8NX Registered office 94 Church Street Cookstown Co Tyrone BT80 8HX Registered number N1031871
GORTALOWRY HOUSE PROJECT LIMITED Registered number: N1031871 Trustees. Report The directorltrustees present their report and unaudited financial statements of the charity for the year ended 31 March 2024. Objective and activities Gortalowry House Projects Limited provides a neutral venue, rent rooms to local community and charitable organisations under the general ethos of those providing support for the community. This includes migrant workers, childcare facilities, advice and support groups. Training organisations use our building regularly to provide a range of both personal and career enhancement 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 expertise that has arisen over the years we do provide additional support at no charge to a number of local community and charitable groups in help with governance and policies and procedures to ensure that they are in a position to move forward within their organisalions. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance The advancement of Education Gortalowry House is a community resource building whose primary aim is to provide a neutral venue for the community to assist them towards working together across the traditional political division in our community. This meant that since our building was opened in June 2000. and even before wheT) we were in the mobile units, we provided a useful resource for the community. Gortalowry House believes that over the past years we have built and maintained a useful community resource not only in the fabric of the building itself but in the skills and expertise that Ihe many individuals connected to the building have. There are a range of Tenants and Casual users and they work endlessly to support the local community through advice. service and assistance. We provide rooms for a range of community organisations including childcare organisations, migrant workers and their families, grief and bereavement groups, training organisations, support groups for illness including MS, Mindwise and Epilepsy Action, Resident associations, Welfare and Advice groups, Church Forum, Speakers Club, Food Bank Group. Women's aid, Gardening Club and other local voluntary and community groups. There are rooms for individual counselling services including Relate, Dunlewey Substance Abuse Group, Zest. Youth Justice Agency as well as Independent counsellors. Gortalowry House does charge a small fee for this hire, although for some groups that have limited resources we will discuss reduction of charges for a period to allow them to get established. The staff and management committee of Gortalowry House have worked alongside other local groups, helping with governance, Operational matters and on occasions with practical help in organising events, loan of crockery, tables and chairs and other equipment, the advancement of Education particularly involving lifelong learning. There are a variety of Training sessions held within Gortalowry House. general organised on behalf of local groups or training organisations, they include Northern Childcare Partnership. Community Foundation, Diversity Challenges and other organisations Gains from this range of training may include the following benefits for the community: increase in knowledge. Working alongside olhers, increase of self confidence and self-esteem, provide training specific to career development, and
GORTALOWRY HOUSE PROJECT LIMITED Registered number: N1031871 Trustees, Report group development including capacity building, looking at governance and assisting where necessary. The recent AGM report demonstrated the range of organisations who utilise Gortalowry House. Financial review The company is a not for profit charitable organisation whose purpose is to provide a neutral venue to local community and charitable organisations. The charity aims to maintain funds at a level equivalent to three months expenditure. The Trustees consider reserves of this level ensure that in the event of a significant drop in funding, they will be able to continue current activities while considering how additional funds can be raised. The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitiqate exposure to those. Trustees Structure. governance and management The charity is a company limited by guarantee incorporated on 29 January 1997. The company was 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 during the year and up to the date of signature of the financial statements were.. D Barry O'Hagan Trevor Rollins Sean McElhatton William Stewart Patrick McGuckin Niall F Brennan Secretary) Small company provisions This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 26 June 2024 and signed on its behalf. All the members of Gorialowry House Project Limited have consented to the preparation of the Unaudited Abridged Report of Accounts slatement of the financial position for the current year in accordance with Section 444 (2A) of the Companies Act 2006. Barry O'H Director an
GORTALOWRY HOUSE PROJECT LIMITED Accountants. report to the Trustees of GORTALOWRY HOUSE PROJECT LIMITED I report to the Trustees present their on my examination of the financial statements of the Gortalowrv House Proiects Limited ('the charitv'l for the vear ended 31 March 2024. Responsibilities and basis of report As the trustee5 of the company {and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act.) and the Companies Act 2006 ('the 2006 Act,). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. You consider that the company is exempt from an audit . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. IN carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9}(b) of the 2008 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect= Accounting records were not kept in respect of the charity as required by section 386 of Ihe 2006 Act- or The financial statements do not accord with those records. or The financial statement5 do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a'true and fairf view which is not a matter considered as part of an independent examination., or The financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities prepartng their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102). I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. (?) A Mccrory & Co Li Chartered Acco ited nts 15b Molesworth Cookstown Co Tyrone BT80 8NX reet 26 June 2024
GORTALOWRY HOUSE PROJECT LIMITED Income and Expenditure Account for the year ended 31 March 2024 2024 2023 Turnover 78,641 66,815 Administrative expenses (80,858) (91,807) Operating surplusl(Deficit) (2,217) {24.992) Interest receivable 168 76 Surplusl(deficit) on ordinary activities {2,049) {24,916) Surplusl(deficit) for the financial year 2,049 (24,916)
GORTALOWRY HOUSE PROJECT LIMITED Registered number: N1031871 Balance Sheet as at 31 March 2024 Notes 2024 2023 Flxed assets Tangible assets 470,827 471.240 Current assets Cash at bank and in hand 19,907 21,529 Creditors: amounts falling due within one year {1,356) (1,342) Net Current Assets 18,551 20,187 Net Assets 489,378 491,427 Capital and reserves Profit and loss account 489,378 491.427 Shareholders, funds 489,378 491.427 The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounling records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. All the members of Gortalowry House Project Limited have consented to the preparation of the Unaudited Abridged Report of Accounts statement of the financial position for the current year in accordance with Section 444 <2A) of the Companies Act 2006. William Stewart Director Approved by the board on 26 June 2024
GORTALOWRY HOUSE PROJECT LIMITED UNRESTRICTEDIRESTRICTED ACCOUNT for the year ended 31 March 2024 Unrestricted Funds Restricted Funds Total 2024 Total 2023 Incoming Resourses Rental Income DFC Grant Inveslment Income Halifax Grant Mid Ulster Council Grant Donations 70,957 250 168 70.957 250 168 4.500 2,934 66.505 76 4,500 2,934 310 71.375 7,434 78.809 66.891 Resources Expended Cost of Income Bank Charges and Interest incurred Administrative Premises Legal and Professional Catering and sundry costs Telephone, stationery and general admin Premises Caretaking and Maintenance Premises Repairs 58 41.177 9,980 1,370 5,003 2.289 12,876 58 41.177 12.914 1.370 5.003 2.289 12.876 5,171 54 36.717 12.863 1.320 3,370 1.401 33.206 2,876 2934 5,171 Interest payable Total Resourses Expended 72.753 8,105 80.858 91.807 Net Movement in Funds -1.378 -671 -2.049 -24,916 Total Funds Brought Forward 490.383 1,044 491,427 516,343 Total Funds Carried Forward 489.005 373 489,378 491,427
GORTALOWRY HOUSE PROJECT LIMITED Statement of Changes in Equity for the year ended 31 March 2024 Share Share capital premium valuation reserve Profit and loss account Total At 1 April 2022 516,343 516,343 Surplusl(Deficit) for the financial year (24,916) (24,916) At 31 March 2023 491,427 491,427 At 1 April 2023 491,427 491,427 At 31 March 2024 489.378 489,378
GORTALOWRY HOUSE PROJECT LIMITED Notes to the Accounts for the year ended 31 March 2024 the charity is a public benefit entity and a private company limited by guarantee. registered in Northern Ireland and a registered charity in Northem Ireland. The address of the registered office is 94 Church Street, Cookstown Co Tyrone B T80 8HX. Accounting policles Statement of compliance and Going Concern The accounts have been prepared on the going concern basis under the historical cost convention and in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to Charites preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP (FRS 102)) and the Companies Act 2006. Incoming Resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific polices are applied to partlGular categorised of income. income form donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset even5y over its expected useful life, as follows.. Freehold buildings Plant and machinery No deduction 150/0 Reducing balance 2 Employees 2024 Number 2023 Number Average number of persons employed by the company
GORTALOWRY HOUSE PROJECT LIMITED Notes to the Accounts for the year ended 31 March 2024 3 Creditors: amounts falling due within one year 2024 2023 Other creditors 1,356 1.342 4 Related parties There were no disclosable related party transactions during the year (2023 - none). 10
GORTALOWRY HOUSE PROJECT LIMITED Detailed income and expenditure account for the year ended 31 March 2024 This schedule does not form part of the statutory aGGounts 2024 2023 Income 78.641 66,815 Administrative expenses {80,858) {91.807) Operating surplus (2,217) (24,992) Interest receivable 168 76 Surplus {2,049 (24.916
GORTALOWRY HOUSE PROJECT LIMITED Detailed income and expenditure account for the year ended 31 March 2024 This schedule does not fomi part of Ihe statutory accounts 2024 2023 Income Rental Income Mid Ulster Council Grant Donations DFC Grant Halifax Grant Sundry Income- Photocoping 70,957 2,934 66.505 310 250 4,500 78,641 66,815 Administrative expenses Employee costs: Wages and salaries Catering Volunteers Expenses 41,177 188 367 41,732 36,717 122 769 37,608 Premises costs.. Rent Water Charge Repairs and maintenance Maintenance Contract Light and heat Cleaning 8,400 217 5,171 1,297 10,064 1,515 26.664 8,400 161 2,876 18,894 12,888 1,424 44.643 General administrative expenses-. Telephone and fax Administration and Clerical Stationery and printing Bank charges Insurance Depreciation Sundry expenses 1.249 939 101 58 4,297 413 3,535 10.592 1,164 55 182 54 4,302 486 1,948 8,191 Legal and professional costs: Accountancy fees Donations 1,370 500 1,870 1,320 45 1,365 80,858 91.807 12