TEMPLEMORE USERS TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023 Notes Restricted Unrestricted Funds Funds 2023 Total 2022 Total Incoming Resources". Trading Activities 89,031 89,031 72,438 Grant Income 72,400 72,400 71,500 Interest 14,661 14,661 2.628 Other Income 600 Total Incoming Resources 72.400 103,692 176,092 147,166 Resources Expended: Trading Activities 64.698 69,081 133,779 133,505 Governance Costs 7.702 7,702 7,874 Depreciation 504 504 831 Loss on disposal of tangible assets Total Resources Expended 72.400 69.585 141,985 142,210 Surplus on activities 34.107 34.107 4.956 Fund balances at 1 October 2022 748,691 748.691 743,735 Fund balances at 30 September 2023 782,798 782,798 748,691 TEMPLEMORE USERS TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Notes 2023 2022 Net Income Swim School Income Grants Receivable Interest Received Other Income 89,031 72,400 14,661 72,438 71,500 2,628 600 176,092 147,166 Net Expenditure Salaries and Wages Employers Pension Costs Telephone & Broadband Printing, Postage and Stationery Website & Computer Swim School Expenses Training. Subscriptions, Course Fees Insurance Rent and Rates Bank and Merchant Charges Accountancy Fees Bookkeeping Fees Legal and Professional Donations Sundry Expenses Entertainment Depreciation - Office Equipment Depreciation - Plant and Equipment 99,858 668 270 99 503 21.444 2,618 5,211 (3.341) 338 3,630 4,072 3,790 1,000 986 335 94,734 760 244 259 285 21.266 2,759 5.133 7.200 458 3.840 4.034 209 198 327 504 504 141,985 142.210 Surplus for Year 34,107 4.956 TEMPLEMORE USERS TRUST STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 SEPTEMBER 2023 Notes 2023 2022 Fixed Assets 505 Current Assets Debtors Cash at bank and in hand 6,763 795,140 7,103 770,278 801,903 777,381 Creditors: amounts falling due within one year 19,105 29,195 Net Current Assets 782,798 748,186 Total assets less current liabilities 782,798 748,691 Funds General unrestricted funds 782.798 748,691 The notes at pages 7 to 9 form part ofthese accounts These financial statements have been prepared in accordance with the provisions applicable to companies, subject to the small companies. regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. applying Section 1A of that standard. Signed on behalf of the Board of Trustees. Sign: Ms Eleanor Stewart Trustee Mr Robin Higgins Trustee Date: I ao"k Date: Company Registration No N1027803 TEMPLEMORE USERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 ACCOUNTING POLICIES Basis of Ac¢ounting The financial statements are prepared under the historical cost convention and comply with items recognised at cost or transaction value unless othe￿ise stated in the notes to the accounts. The Financial Statements have been prepared on a going concern basi5 in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their Accounts in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland IFRS1021- {Charities SORP (FRS102)} Incoming Resources Income of the charity represents monies received from generating activities such as swim school income. Grants lowards mainlenance expendilure and general business support grants are treated as a source of income and are released to the profit and loss account on a receipt's basis. Grants in respect of the Coronavirus Job Retention Scheme ICJRS) from the Government and in relation to furloughed employees are presented within grant income in the profit and loss account for the period in which it becomes receivable. Other income comprises of interest and compensation received and is accounted for on an accrual's basis. Depreciation Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life. as follows.. Plant and Equipment.. Office Equipment: 5-year Straight Line Basis 2-year Straight Line Basls Expenditure All expenditure is accounted for on the accruals basis and has been classified under headings Ihat aggregate all costs related to the category. ￿ere costs cannot be directly attribuled lo particular headings. they have all been allocated to activities on a basis consistenl with the use of resources. Governance costs include accountancy. legal, consultancy and other administration costs nol attributable to generating funds or seNice ofthe swim centre. Cash Flow Statement The company has taken advantage of the exemption provided by Financial Reporting Standard 1 and has not prepared a Cash Flow Statement for the year. Fund Accounting The Restricted funds are to be used for specified purposes by reference to the donor. Expenditure which meets these crileria is identified to the fund, together with a fair allocation of overheads and costs. Unreslricted funds represent other incoming resources received or generaled for charilable purposes, expendable at the discretion of the Trustees in furtherance of the objects of the Charity. Going Concem The Board has considered the going concern status and the truslees continue to adopt the going concern basis of accounting in preparing and signing Ihe accounts. TEMPLEMORE USERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 GRANTS RECEIVABLE 2023 2022 Belfast City Council Business Support Grant 72,400 71,500 72,400 71.500 TANGIBLE FIXED ASSETS Plant and Office Equipment Equipment Totsl Cost or Valuation- At 1 October 2022 73,693 654 74,347 Additions Disposals At 30 September 2023 73.693 654 74,347 Depreciation - At 1 October 2022 73.188 654 73,842 Charge for Year 505 505 On Disposals At 30 September 2022 73,693 654 74,347 Net Book Value At 30 September 2023 At 30 September 2022 505 505 TEMPLEMORE USERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 SUNDRY DEBTORS AND PREPAYMENTS 2023 2022 Insurance prepaid Bank Interest 5,211 1,892 6,763 6,763 7,103 CREDITORS AND ACCRUALS 2023 2022 Trade Creditors Audit Fees Wages PAYE 1,757 1,920 1.668 752 30 10,200 7.302 5,566 1,920 3,015 1,201 44 Pensions Rent Swim School Refunds Swim School Income on Account 12.925 19.105 29.195 ACCUMULATED FUND 2023 2022 Opening Balance 748.691 743.735 Surplus for Year 34.107 4.956 Closing Balance 782,798 748,691 EMPLOYEE NUMBERS The average number of persons employed by the charity during the year amounted to 9 {2022.'9) CONTROLLING INTERESTS The Management of Templemore Users Trust is carried out by the Board of Trustees, who collectively control the charity.