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