2023-03-31-annual-report

An Tearmann Project Ltd (Charitable Company Limited by Guarantee)

DIRECTOR’S REPORT for the period ended 31 March 2023

The Director, who is the trustee for the purpose of charity law, has pleasure in presenting his report and the unaudited financial statements of the charitable company for the period ended 31 March 2023.

The financial statements have been prepared in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” (FRS 102), United Kingdom Generally Accepted Accounting Practice, the Companies Act 2006 and the Charities (Northern Ireland) Act 2008.

Reference and Administration Details

The reference and administration details of the charitable company are as shown on page 2.

Objectives and Activities

An Tearmann Project Ltd is a Traveller support organisation. The main beneficiaries of the project are the local Irish Traveller population residing in the localities of Coalisland and Dungannon (Northern Ireland).

The objectives of the charitable company are as follows:

• To promote the advancement of education, the aims of this purpose being to promote lifelong learning opportunities and developing strategies to promote the individual skills and capacities for the Traveller population. The charity provides additional educational support to Traveller children and sources or provides learning opportunities for young adult and adult Travellers;

• To promote the advancement of human rights and conflict resolution, and to promote racial harmony and equality and diversity. The aim of this purpose is to promote integration between the settled and Traveller communities. The charity acts as a mediatory body for the Traveller population to develop strategies to combat perceived discrimination and to promote social inclusion; and

• To advance citizenship and community development, the aim of this purpose being to promote the social inclusion of local Travellers and encouraging community integration and access of services. The charity develops and delivers community development programmes, and ensures that Travellers are aware of local and wider ranging community initiatives.

Public Benefit Statement

The Director of An Tearmann Project Ltd confirms that he has complied with his duty under section 4(6) of the Charities Act (Northern Ireland) 2008 to have regard to the Charity Commission for Northern Ireland’s guidance on public benefit and that the public benefit requirement has informed the activities of the charitable company in the period ended 31 March 2023.

Achievements and Performance

The Director is confident that the charitable company continues to meet its performance objectives to benefit the Travellers community. The charitable company continues to receive funding from local bodies.

________________ CavanaghKelly, Chartered Accountants & Statutory Auditors Page 3

An Tearmann Project Ltd (Charitable Company Limited by Guarantee)

DIRECTOR’S REPORT for the period ended 31 March 2023 (Continued)

Achievements and Performance (Continued)

During the period the charity received funding from the Education Authority to run a Homework Club project with the objective to increase the levels of attendance at school and to improve the levels of behaviour at school particularly those in the Traveller Community.

The charity continues to provide a drop in service to Travellers. The service provides a means of advice and a means of supports to those in the Travellers community.

Financial Review

Financial Performance

The financial performance was in line with the Director’s expectations. The charitable company remains in a sound financial position at the period end. The results for the period are set out in detail on pages 8 to 15. The company returned net incoming resources for the period of £244 (2022 – net outgoing resources of £5,954).

At 31 March 2023, the total funds of the charity amounted to £83,881 (2022 - £83,637) comprising entirely of unrestricted funds. Principal sources of funding and how this has supported the key objectives of the charity are disclosed in the notes to the financial statements.

Reserves Policy

The charitable company does not maintain a formal reserves policy however the Director continues to monitor the level of reserves held by the charitable company and is satisfied that these are adequate to meet any unforeseen expenditure incurred.

Structure, Governance and Management

Organisational Structure

The charitable company is a company limited by guarantee, not having a share capital.

The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

In accordance with the Articles of Association, the members to retire by rotation shall be those who have been longest in office since their last election, and the relevant motion will be put at the Annual General Meeting. A retiring member shall be eligible for re-election.

Director

The Director during the period is the same as the Director as listed on page 2.

Taxation status

The charitable company is recognised as a charity by HM Revenue & Customs. Accordingly, the charitable company has availed of the exemptions contained in Chapter 3 Part 11 Corporation Taxes Act 2010 and Section 256 Taxation of Chargeable Gains Act 1992.

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An Tearmann Project Ltd (Charitable Company Limited by Guarantee)

DIRECTOR’S REPORT for the period ended 31 March 2023 (Continued)

Director’s Responsibilities

The Director (who is also trustee of the charitable company) is responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Director to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements the Director is required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP (FRS102);

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Director is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small Companies Exemption

This report is prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

This report was approved by the Director on 21 December 2023 and signed by:

Registered office:

Community Support Centre 64 Main Street Coalisland ________ Co. Tyrone Martin McDonagh BT71 4NB DIRECTOR

Company Registration Number: NI043335

Charity Registration Number: 102647

________________ CavanaghKelly, Chartered Accountants & Statutory Auditors Page 5