Registered number N1031871 GORTALOWRY HOUSE PROJECT LIMITED Unaudited Abridged Report and Accounts 31 March 2025 Company limited by guarantee not having a share capital 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 2025. 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 organisations. 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 when 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 the 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 coLJnsellors. 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 others, increase of self confidence and self-esteem, provide training specifiG to career development, and GORTALOWRY HOUSE PROJECT LIMITED Registered number: N1031871 Trustees, Report group davelopmant including cgpaeity 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 30 July 2025 and signed on its behalf. 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. Barry O'Hag Director 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 I'the charitv,) for the vear ended 31 March 2025. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company lawl 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 Acl 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 ¢onsider 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 accourbts that give a true and fair view of the stale 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 indeper)dent 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(9llb) of the 2008 Act. Independont 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 the 2006 Act.. or The financial statements do not accord with those records., or The financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'tfue and fair, 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 preparing 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 Limit Chartered Accountan 15b Molesworth Street Cookstown Co Tyrone BT80 8NX 30 July 2025 GORTALOWRY HOUSE PROJECT LIMITED Income and Expenditure Account for the year ended 31 March 2025 2025 2024 Turnover 104,572 78,641 Administrative expenses (83,703) {80,858} Operating surplusl(Deficit) 20,869 (2,217) Interest receivable 220 168 Surplusl(deficit) on ordinary activities 21,089 (2,0491 Surplusl(deficit) for the financial year 21,089 2,049 GORTALOWRY HOUSE PROJECT LIMITED Registered number.. N1031871 Balance Sheet as at 31 March 2025 Notes 2025 2024 Fixed assets Tangible assets 474,459 470,827 Current assets Cash at bank and in hand 37,364 19,907 Creditors: amounts falling due within one year (1,356) (1,356) Net Current Assets 36,008 18,551 Net Assets 510,467 489,378 Capital and reserves Profit and loss account 510,467 489.378 Shareholders, funds 510,467 489,378 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 to accounting 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. 41 William Stewart Director Approved by the board on 30 July 2025 GORTALOWRY HOUSE PROJECT LIMITED UNRESTRICTEDIRESTRICTED ACCOUNT for the year ended 31 March 2025 Unrestricted Funds Restricted Funds Total 2025 Total 2024 Incoming Resourses Rental Income DFC Grant Investment Income Halifax Grant Mid Ulster Council Grant Tesco Grant Telecomunity Fund Grant Donations 81,032 81,032 70,957 250 168 4,500 2,934 220 220 4,090 3,000 1,000 15,450 4,090 3,000 1,000 15,450 81,252 23,540 104,792 78,809 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 Sensory Equipment- To Balance Sheet 62 43,187 1,972 1,356 6,033 1,816 13,164 62 43,187 1,972 1,356 6,033 1,816 13,164 11,427 4,686 58 41,177 12,914 1,370 5,003 2,289 12,876 5,171 11,427 4,686 Total Resourses Expended 67,590 16,113 83,703 80,858 Net Movement in Funds 13,662 7,427 21,089 -2,049 Total Funds Brought Forward 490,383 1,044 489,378 491,427 Total Funds Carried Forward 504,045 8,471 510,467 489,378 GORTALOWRY HOUSE PROJECT LIMITED ststement of Changes in Equity for the year ended 31 March 2025 Share Share Re- capital premium valuation reserve Profit and loss account Total At 1 April 2023 491,427 491,427 Surplusl{Deficit) for the financial year (2,049) (2,049) At 31 March 2024 489,378 489,378 At 1 April 2024 489,378 489,378 At 31 March 2025 510,467 510,467 GORTALOWRY HOUSE PROJECT LIMITED Notes to the Accounts for the year ended 31 March 2025 tho charity is a public bènefit entity and a private company limited by guarantee. registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 94 Church Street, Cookstown Co Tyrone BT80 8HX. l Accounting policies 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 to the charity and the amount can be reliably measured. The following specific polices are applied to particular 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 evenly over its expected useful life, as follows.. Freehold buildings Plant and machinery No deduction 150/0 Reducing balance 2 Employees 2025 Number 2024 Number Average number of persons employed by the company GORTALOWRY HOUSE PROJECT LIMITED Notes to the Accounts for the year ended 31 March 2025 3 Creditors: amounts falling due within one year 2025 2024 other creditors 1,356 1,356 4 Related parties There were no disclosable related party transactions during the year (2024 - none). 10 GORTALOWRY HOUSE PROJECT LIMITED Detailed income and expenditure account for the year ended 31 March 2025 This schedule does not form part of the statutory accounts 2025 2024 Income 104,572 78,641 Administrative expenses (83,703) (80,858) Operating surplus 20,869 (2,217) Interest receivable 220 168 Surplus 21,089 2,049 11 GORTALOWRY HOUSE PROJECT LIMITED Detailed income and expenditure account for the year ended 31 March 2025 This schedule does not form part of the statutory accounts 2025 2024 Income Rental Income Mid Ulster Council Grant Tesco - Grant Telecomunity Fund Grant Donations DFC Grant Halifax Grant Sundry Income - Photocoping 81,032 3,000 1,000 15,450 70,957 2,934 250 4,500 4,090 104,572 78,641 Administrative expenses Employee costs.. Wages and salaries Catering Volunteers Expenses 43,187 156 1,346 44,689 41,177 188 367 41,732 Premises costs.. Rent Water Charge Repairs and maintenance Maintenance Contract Light and heat Cleaning 8,400 381 1,972 4,550 10,233 1,351 26,887 8,400 217 5,171 1,297 10,064 1,515 26,664 General administrative expenses- Telephone and fax Administration and Clerical Stationery and printing Bank charges Insurance Depreciation Sundry expenses 1,151 653 12 62 4,362 1,054 3,477 10,771 1,249 939 101 58 4,297 413 3,535 10,592 Legal and profession21 costs.. Accountancy fees Donations 1,356 1,370 500 1,870 83,703 80,858 12