TEMPLEMORE USERS TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Notes Restricted Unrestricted Funds Funds 2024 Total 2023 Total Incoming Resources: Tradiro Activities 132,799 132,799 89,031 Granl Income 20.044 20.044 72.4 Interest 28,209 28,209 14,661 Total In¢omlng Resources 20,044 161.008 181.052 176.092 Resources Expended: Trading Adivilies 204,230 224.274 133.779 Governance Costs 7,559 7,702 Depreciation 414 414 504 Totsl Resources Expended 20,044 212.203 232.247 141,985 Surplusl{Deflcltl on actlvities (51.195) (51.195} 34,107 Fund balances al 1 October 2023 782.798 782,798 748.691 Fund balances at 30 September 2024 731,603 731,603 782,798 All income and exI￿dItUre derive from continuing aclivities. The statement of financial actNlties includes all gains and losses recognised during the year. TEMPLEMORE USERS TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Notes 2024 2023 Ngt Income Swim School Income Grants Receivable Interest Received 132.799 20,044 28,209 89,031 72,4 14,661 181.052 176.092 Net Expenditure Salaiies and Wages Efflployers Pension Costs Telephone & Broadband Printing, Postage and Stationwy Website & Computer Swim School Expenses Advertising and Marketing Training, Subscriptions, Course Fees Insurance Ronl Bank Charges Accountancy Fees Bookkeeping Fees Legal and Professional Donations Sundry Expenses Entertainment DepiecialiorE - Office Equipment DepTe(aalion- Plant and Equipment 137.961 1,025 259 46 280 69,581 2,258 2,630 5.484 1,531 437 3.540 4,019 1.900 99.858 668 270 99 503 19,700 1,744 2,618 5,211 {3,341) 338 3,630 4,072 3.790 1.000 986 335 504 380 414 504 232,247 141,9B5 SurplusJlDofiGit} for Ygar (51,1951 34,107 TEMPLEMORE USERS TRUST STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Fixed Assets 1,812 Current Assets Debtors Cash al bank and in hand 20.282 741.080 S.763 795.140 761.362 801,903 Credltors: amounts falling due wlthln one year 31,571 19,105 Net Current Assets 729,791 782,798 Total assets less current liabilities 731.603 782.798 Funds General unrestricted funds 731.603 782,798 The notes at pages 7 to 10 fom) part of these acC￿JnIs For the year ending 30th September 2024. the company was entitled to exemption from audit under sectlon 477 of the Companies Act 20￿ reLqling lo small c￿MpanIes. Directors. responsibilities-. The members have not required the company to obtatn an audit of its financial slatemenls for the year in question in accordance with section 476; The directors acknowledge Iheir responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparalion of finanual statements. These finandal statements have been prepared in accordance with the provisions applicable to companies, subject to the small companies, rogime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Irel , applying Section 1A of that Standard. Signed on oard of Trustees. Slgn: Sign: Mr Gary Proctor Trustee Mr Robin Higgins Trustee Date.. Ll Date: Company Reglstration No N1027803 TEMPLEMORE USERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES Basis of Accounting The financial statements are prepared under the historical cost ￿nVentIOn and compty items recognised al cost or transaction value unless otheNise staled in the notes to the a¢￿unIs. The Financial Stalemenls have been prepared on a going concem basis in accordance Al￿OUntIng and ReFJOrting by Charities.. Slalement of Recommended Practice applicable to charities preparing their Accounts in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS1021- (Charities SORP {FRS102)) In¢omlng Resources Income of the chartly rewesenls monies from generating activilies such as swim school income. Grants towards Maintenan￿ expendilure and geneial business support grants are treated as a source of income and are released to the profit and loss account on a receipt's basis. other Income comprises of interest ￿e￿ived and is ac(x)unted for on an accru81's b8sis. Expenditure All expenditure is accounted for on the accruals basis and has been dassified under headings Ihat aggregate all )sts related lo the category. Expendilure is recognised where there is a legal or constructive obligalicjn lo make payments to third parties, il probable that the sewement will be required, and the arrKJunl of the obligation can be measured reliably. whe￿ costs cannot be di￿¢tty attributed lo particutar headings, they have all I￿￿ allocated to activities on a basis consist8nl with the use of reSoUr￿s. GoverrF8nce costs indude acr￿JnIancy. legal. congjltancy and other administration costs not attrtbutable to generating funds or seTvKe of the swm centre Tangible Fixed Assets Tangible fixed assets are stated at cosl (or deemed cost) or valuatÈon less aC￿mUlated depreciation and accumulated impairment losses. Cost inclLKles costs directly allribulabie lo making the asset capable of operating as intended. Deprectalion is provided on 811 tangible fixed assels, at rates calculated to write off the cost, less estimated residual valLre, of eadi asset on a systematic basis over ils expected useful life as follows.. Plant and EquipmenL- offi￿ Equipmenl: 5-year Straight Line Basis year Straight Line Basis Impairmgnt Assets not measured al fair value are reviewed for any indicalion Ihal the asset may be impaired 81 each balance sheel date. If such indication exists. the recoverable amount of the assel. or the asset's cash generating unit, is estimated and compared to the carrying amount. Where fhe rarrying amounl exceeds its recoverable amounL an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the mp8irment loss is a revaluation decrease. TEMPLEMORE USERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES (Continued) Provisions Provisions are recognised when the charity has an obligation at the balance sheet date as a resLAt of a past event, it is piobable Ihal an oufflow of economic benefits ￿11 be required in settlement and Ihe amount can be reliably estimated. Employee benefits Vvhen employees have rendered service to Ihe charity. short-lemi employee benefitg to which the empk)yees are er¢litled are recognised at the undiscounled 2mount expected lo ￿ paid in exchange for Ihal servi￿. The charity operates a defined eontribulion plan for Ihe benefit of lis employees. Contributions are expensed as thoy become payable. Tax The charÈty is an exempt charity within Ihe meaning of the Charities Act and meets the definition of 8 ch8rilable company for UK corporation lax putposes. Debtors and ¢redltors re¢elvable I payable within one year Debtors and creditors with no stated interest rate and receNable or payable within one ye8r are recorded at transaclion P[1￿. Any losses arlsing frcm impaim)ent are recognised In expendÈture. Ca$h Flow Statement The company has taken advantage of the exemption provÈded by Financial Reporting Standard 1 and has not prepared 8 Cash Flow Statement for the year. Fund Accounting The Restricted funds are to be used for specified purposes by reference lo the donor. Expendtlure ￿lch meets these criteri2 is identified to the fund. together with a fair allccation of overheads and costs. Unrestricted funds represent other Incoming resources received or generated for charilable purposes, expendable at the discretion of the Trustees in furtherance of the obj-ecls of the Charity. Going Goncem The linar￿1?1 statements have been wepared on a going con(*rn basis as Ihe tnjstees believe thal no material uncertainties exist. The trustees have considered the level of funds held and the expecled level of income and expenditure for 12 months fiom authorising these financial slalemenls. The budgeled income and expenditure is suffiGienl with the level of reserves for the charity to be able lo continue as a going coJKern. TEMPLEMORE USERS TRiIST NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 GRANTS RECEIVABLE 2024 2023 Belfast City Councl Grants 20.044 72,400 20,044 72,400 INCOME FROM INVESTMENTS 2024 2023 Bank Interest- Deposits 28,209 14,661 TANGIBLE FIXED ASSETS Plant and Equlpment Equipment Total Cost or Valuation - At 1 October 2023 73,693 654 74,347 Additions 2,226 2,226 Disposafs (654) (654) At 30 Septsmber 2024 73,693 75,919 Depreciatlon - At l October 2023 73,693 74,347 Charge for Year 414 414 On Disposals {654) {654) At 30 September 2024 73.693 414 74,107 Net Book Value At 30 September 2024 1.812 1,812 AI 30 September 2023 10. TEMPLEMORE USERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 SUNDRY DEBTORS AND PREPAYMENTS 2024 2023 Bank Inleresl Swim school income owing 19,632 650 6,793 20.282 6.763 CREDITORS AND ACCRUALS 2024 2023 Trade Credllors Audit Fees Wages PAYE Pensiolls Rent Swim School Income on A(￿Ount 4.951 840 2,881 1,453 47 170 21.229 1,920 3.015 1,201 12,925 31,571 19.105 ACCUMULATED FUND 2024 2023 Opening Balan 782,798 748.691 Suiplusl{Deficit) for Year (51,195) 34,107 Closing Balance 731.603 782.798 EMPLOYEE NUMBERS The average number of perS￿S em￿oyed by the tharty during the year amounted to 15 (2023.9) CONTROLUNG INTERESTS The Management of Templemore Users Trust is carrfed out by the Board of Trustees. who collectively control the charity.