Company Registratlon Number: N1043335 Charity Registration Number: 102647 An Tearmann Project Ltd (Charltable Company Limited by Guarantee) Annual Report and Financial Statements For the period ended 31 March 2025
An Tearmann Pro haritable Com ect Ltd Limited uarantee CONTENTS For th eri ended 31 Mar h202 Page General Information Director's Report Independent Examiner's Report Statement of Financial Artivities statement of Financial Posltion Notes to the Financial Statements 10-15 Cooper Parry Audit (Ireland) Limited, Statutory Auditors Page I
An Tearmann Pro Charitable Com ect Ltd Limi ed b Guar GENERAL IN ATION Dlre¢tor Martin McDonagh Company Secretary stephanie Mallon Registered Office Community Support Centre 64 Main Street Coalisland Co. Tyrone BT71 4NB Company Registration Number N1043335 Charity Registration Number 102647 Independent Examiners Cooper Parry Audit (Ireland) Limited 36 - 38 Northland Row Dungannon Co. Tyrone BT71 6AP Bankers Allied Irlsh Bank 18 - 20 Scotch Street Dungannon Co. Tyrone BT70 IAZ Cooper Parry Audit (Ireland) Limited, Statutory Auditors Page 2
An Tearmann Pro Chari ble Com 'ect Ltd an Limite Guarantee DI ECTOR'S R RT for he eriod ende 31 Mar 25 The Director, who is the trustee for the purpose of charity law, has pleasure in presenting his report and the unaudited flnancial statements of the charitable company for the period ended 3 1 March 2025. The financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" IFRS 102), United Kingdom Generally Accepted Accounting Practice, the Companie5 Act 2006 and the Charities (Northern Ireland) Act 2008. Reference and Administration Details The reference and adm inistration 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 indivldual 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 developrnent 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 4161 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 3 1 March 2025. 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. Cooper Parry Audit (Ireland) Limited, Statutory Auditors Page 3
An Tearmann Pro haritable Com ect Ltd Limited Guarantee DIRE po T for the eriod en 31 March 2025 Contin 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 behavlour 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. Fbnancial Revlew Financial Performance The financial performance was in line with the Director's expectations. The charitable company remains in a sou nd 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 £794 (2024 net outgoing resources of £753). At 31 March 2025, the total funds of the charity amounted to £85,428 {2024 £84,634) 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 Stru¢ture 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 A550ciation. In accordance with the Articles of A550ciation, the mernber5 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. Taxatlon status The charitable cowpany is recognised as a charity by HM Revenue & Customs. Accordingly, the charitable company has availed of the exefnptions contained in Chapter 3 Part 11 Corporation Taxes Act 2010 and Section 256 Taxation of Chargeable Gains Art 1992. Cooper Parry Audit (Ireland) Limlted, Statutory Auditors Page 4
An Tearmann Pro Charitable ect Ltd Li ited b Guarantee DIRECTOR'S REPO T for the eriod end d 31 Mar 025 Continu Dlrector'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 Accou nting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requlres 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 accou nting 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 record5 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 o ecember 2025 and signed by.. Registered office: Community Support Centre 64 Main Street Coalisland Co. Tyrone BT71 4NB Martin McDonagh DIRECTOR Com Re istrati Re istrati n Number: NIO Number: 102 47 335 Cooper Parry Audit (Ireland) Limited, Statutory Auditors Page 5
An Tearm nn Pro Ch ritable Com ect Ltd Limited b arantee INDEPENDENT EXAMINER'S REPORT statements f An Tearmann Pro ectL the members on the unaudlt d financial d for the erlod ended 31 March 202 We report on the financial statements of the company for the period ended 3 1 March 2025 which are set out on pages 8 to 15. Respective Responsibilities of the Dlrector and Independent Examiner As the charitable company's Director, who is the trustee for the purpose of charity law, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the charitable company is not subject to audit under company law, and is eligible for independent examination, it is our respOnSbilltY to: examine the accounts under Section 65 of the Charities Act (Northern Ireland12008; follow the procedures la id down in the general Directions given by the Charity Commission for Northern Ireland under section 6519}{b) of the Charities Act {Northern Ireland) 2008; and state whether particular matters have come to our attention. Basis of Independent Examiner's Report We have examined your charitable company's financlal statements as required under section 65 of the Charities Act (Northern Ireland) 2008 and our examination was carried out in accordance with the general Directions given by the Cha rity Commission for Northern Ireland u nder section 65(91 Ib) of the Charities Act (Northern Ireland) 2008. The examination included a review of the accounting record5 kept by the charitable company and a compari50n of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charitable company Director concerning any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe.. That accounting records were not kept in accordance wlth section 386 of the Companies Act 2006. or That the accounts do not accord with those accounting Cords. or That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charlties preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland,. or That there is further information needed for a proper under5landing of the accounts to be reached. Cooper Parry Audit (Ireland) Llmlted, Statutory Auditors Page 6
An Tearmann Pro Charitabl Com ect Ltd Limi ed b Guarante INDEPENDENT EXAMINER'S REPORT t the members on the unaudited financial statements of An Tearmann Pro ect Lt for the eriod ended 31 March 2025 Continued Independent Examlner's Statement We have completed our examination and have no concerns in respect of the matters listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. Mr. Ryan Falls ior Statutory Auditor) for and on behalf of Cooper Parry Audit (Ireland) Llmited 36-38 Northland Row Dungannon Co Tyrone BT71 6AP IL December 2025 Cooper Parry Audit (Ireland) Limited, Statutory Auditors Page 7
An Tearmann Pro Charitable Com ect Ltd Limited b arantee TATEMENT OF FINANCIAL ACTIVITIES Includin an Income & Ex enditure ac For the eriod ended 31 Mar h 2025 Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 INCOME AND ENDOWMENTS Income from Charitable Activities (Note 3} Investment Income (Note 31 TOTAL INCOME AND ENDOWMENTS 78,190 78,190 846 71,597 801 846 846 RESOURCES EXPENDED Charitable Activities (Note 4) TOTAL RESOURCES EXPENDED 51 Net Incoming/{outgoing) resources for the period 794 794 753 Balance brought forward 84,634 84,634 83,881 Balance Carrled forward The above Statement of Financial Activities includes all information as required to be disclosed by the Companies Act 2006. All of the activitie5 of the company are classed a5 continuing. The Statement of Financial Artivlties includes all gains and losses recognised during the perlod. The notes on pages 10 to 15 form an integral part of the financial statements. Cooper Parry Audit (Ireland) Llmited, Statutory Auditors Page 8
An Tearmann Pro Charitable C ect Ltd Limited b STATEMENT OF FINA POSITION as at 31 March 2025 Note 2025 2024 Current Assets Receivables Cash and cash equivalents 21,734 147 536 169,270 17,603 144 280 161,883 Payables: Amounts falling due withln one year (83,842) (77,249) Net Assets REPRESENTED BY: Unrestricted funds Restricted funds Total Funds io io io 85,428 84,634 These financial Statements have been prepared in accordance with the provisions applicable to the small companies, regime within Part 15 of the Companie5 Act 2006. For the financial period ended 31 March 2025 the company was entitled to exemption frorn audit under section 477 of the Companies Act 2006. The Director confirms that the member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 of the Companies Act 2006. The Director acknowledges his responsibilities for ensuring that the charitable company keeps accounting records which comply with Section 386. and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial period and of its incoming or outgoing resources for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes on page5 10 to 15 for an integ ral part of the financial statements. The financial statements wer 25 and signed by.. pproved and authorised for issue by the Director on 16 December Martin McDonagh DIRECTOR om an Re istration Number: N1043 Charit Re istration Number: 102647 Cooper Parry Audit (Ireland) Limited, Statutory Auditors Page 9
An Tearmann Pro Charitabl C Ltd Lim Guarantee NOTES TO THE FINANCIAL STATEMENT For the eriod ended 31 March 202 I. GENERAL INFORMATION An Tearmann Project Ltd is a charitable company limited by guarantee incorporated in Northern Ireland within the United Kingdom. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. The address of the registered ofFice is as shown on page 2. The charitable company constitutes a public benefit entity as defined by FRS 102. 2. ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items whlch are considered material in relation to the charitable company's financial statements. 2.1 statement of Compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charites.. Statement of Recommended Practice {SORPI applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) effective I january 2019 (Second Edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. 2.2 Basls of Preparatlon The financial statements are prepared on a going concern basi5 under the historlcal c05t convention unless otherwise stated in the relevant accounting policy. Historical cost IS generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with item5 which are considered material in relatlon to the charitable company's financial statements. 2.3 Cash Flow Statement The charitable company in accordance with the provlslons available to it as a sma11 charity under the Charities SORP and a small company under Companies Act 2006 has applied Update Bulletin 2 as published on l January 2019 and doe5 not include a cash flow statement on the grounds that it is applyi ng FRS 102 Section IA. 2.4 Income and Endowments (i) Charitable Activities Income from charitable activitles Includes income received under contract or where entitlement to grant fund ing is subject to specific performance conditions. It is recognised as earned as the related Services or goods are provided. Grant income is recognised in the Statement of Financial Activities when receivable. Grant income included in this category provides funding to support projects and 15 recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. 2.5 Resources Expended Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related g rants are recognised as goods and services are supplied. Where costs Cooper Parry Audit {Ireland} Limited, Statutory Auditors Page 10
AnT Ch armann Pro ri ble Com ect Ltd Limited b Guar ee NOTES TO THE FINANCIAL STATEMENTS eriod ended 31 M rch 2025 conti cannot be directly attributed to a particular heading they have been allocated to activities on the basis of staff time spent on those activities. 2. ACCOUNTING POLICIES (Contlnued) (i) Charitable Actlvities Thi5 comprises all the resources applied by the charitable company in undertaking its work to meet its charitable objectives. Charitable activities will include the costs of governance arrangements which relate to the general running of the charity. 2.6 Fund Accounting The charity has one type of funds for which it is responsible at the period end.. Unrestricted Funds Funds which are expendable at the discretion of the Directors in furtherance of the objectives of the charitable company. In addition, fu nds may be held in order to finance capital investment and working capital. Restrlcted Funds ncome received for specific purposes. Such purposes are within the overall aims of the charitable company. 2.7 Trade and Other Recelvables Trade and other receivables are inltially recorded at fair value and thereafter stated at cost less impairment losses for bad and doubtful debts. 2.8 Trade and Other Payables Trade and other payables are initially recognised at fair valLJe and thereafter stated at cost. 2.9 Taxatlon As a charity, the charitable company is not liable to Corporation Tax. 2.10 Cash and cash equivalents Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term hig hly liquid investments with original maturities of three months or less and bank overdrafts. 2.11 Financial Instruments The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. li l Financial assets Basic financial assets, including trade and other receivables, cash and bank bèlances and amounts owed by related parties and are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at arnortised cost using the effective interest method. Cooper Parry Audit (Ireland) Limited, Statutory Auditors Page 11
An Tearmann Pro Charitable Com ect Ltd Limited b Guarante NOTES TO THE FINANCIAL STATEMENTS For the eriod end d 31 March 2025 contlnued At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. Jf an asset is impaired the impairment Ioss IS the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. 2. ACCOUNTING POLICIES (Continued) If there is decrease in the Impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Financial assets are derecognised when la) the contrartual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without Imposing additional restrictions. (li) Financial liabillties Basic financial liabilities, includ ing trade and other payables, bank loans and overdrafts and amounts owed to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it 15 probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there 15 no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of bLJsine55 from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilitie5 are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. {iii) Offsetting Financial assets and liabilities are offset and the net amounts presented in the financial Statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to Settle on a net basis or to realise the asset and settle the liability simultaneously. Cooper Parry Audit (Ireland) Limited, Statutory Auditors Page 12
An Tearmann Pro ritable Co ect Ltd Limited b G rantee NOTES T For the THE FINANCIAL STATEMENTS erio nded 31 Mar h 2025 tinued 3. INCOME AND ENDOWMENTS Unrestricted Fund5 2025 Restricted Funds 2025 Total Funds 2025 Total Funds 2024 Income from Charitable Activities SHSCT Armagh & Dungannon Trust Craigavon Traveller Support Education Authority MUC Education Authority 20121 39,931 5,973 32,286 39,931 5,973 32,286 35,173 5,675 30,749 71,597 Investment Income Bank deposit interest Total Income and Endowments 846 846 846 801 4. RESOURCES EXPENDED Unrestrirted Funds 2025 Restricted Funds 2025 Total Funds 2025 Totsl Funds 2024 Charitable Activities Rent & rates Homework club Heat & light Telephone Management expenses other programme expenses stationery & other office expenses IT Costs Insurance Accountancy Bank charges General expenses Legal Fees 11,874 32,286 11,874 32,286 9,410 30,748 29,413 2,015 29,413 2.015 21,316 5,928 451 776 2,443 48 2,602 2,602 51 51 525 51 78,190 Cooper Parry Audit (Ireland) Limited, Statutory Auditors Page 13
An Tearmann Pro Charitable Com ect Ltd Limited b Guaran TE or the TO THE FINANCIAL STATEMENTS eriod ended 31 March 2025 continued 5. NET INCOMEI(EXPENDITURE) FOR THE PERIOD Net income/{expenditure} is stated after charging/(crediting): 2025 2024 Independent Examiner's remuneration 6. STAFF COSTS AND EMPLOYEE BENEFITS The charitable company did not have any employees during the period. 6.1 DIRECTOR'S REMUNERATION The Director received nor waived any remuneration or any other benefits during the period and no reimbursements of expenses incurred. 7. RECEIVABLES 2025 2024 Other receivables . PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade payables Accruals 82,842 76,249 9. ANALYSIS OF NET ASSETS Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Total Funds 2024 Current Assets Current Liabilities 85,428 83,842 169,270 83 8421 161,883 Cooper Parry Audit (Ireland) Limited, Statutory Auditors Page 14
An Tearmann Pro Charitabl ect Ltd Limited b Guarant NOTE For th TO THE FINANCIAL TATEMENT eriod ended 31 March 2025 continued 10. ANALYSIS OF FUNDS Opening Balance Income Expenditure Closing Balance SHSCT Armagh & Dungannon Trust Craigavon Traveller Support Education Authority Restrlcted Funds 39,931 5,973 (39,931) (5,973) 78.190 (78,190) Unrestricted Funds 84,634 846 (51) 85,428 Total Funds 11. CONTINGENT LIABILITIES A contingent liability exists to repay grants received should certain conditions not be fulfilled by the charitable company. Cooper Parry Audit (Ireland) Llmited, Statutory Auditors Page 15