Company Reglstratlon Number: N1038531 Charity Reglstration Number: NIC103358 The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Llmited by Guarantee) Annual Report and Unaudited Financlal Statements For the year ended 31 March 2023 McGarry
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limited by Guarantee) onten d31M 202 Page General Informatlon Trustees Annual Report 4-10 Independent Examlner's Report 11- 12 Statement of Flnancial Actlvltles 13 statement of Flnanclal Posltion 14-15 Notes to the Flnanclal Statements 16-25
The Antrim Down and Armagh Rural Support Network {T.A.D.A) (Charitable Company Limited by Guarantee) GE NF MATIO Board of Trustees Arnold Hatch Geraldlne Lawless Bryan McLaughlin Mary Josephlne Loughran Kyle Alfred David Savage Violet Noelle Menual Walter Ferrles WlllSam Harrls Jones Shella Mccreesh Lenny Deans Mary Ellzabeth Bloomer (Reslgned 25/10/2022) Martln Bush (Appolnted 02/02/2023) Company Secretary Arnold Hatch Reglstered offlce Unlt loa 19 Carn Buslness Park Portadown Cragavon Co Armagh BT63 5WG Company registratlon number N1038531 Charlty reglstratlon number NIC103358 Independent examiners McGarry & Co Chartered Accountants Millennlum Court Wllllam Street Portadown Co Armagh BT62 3NX Bankers Danske Bank 39 Market street Lurgan Co Armagh BT66 6AB
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limited by Guarantee) TRUSTEE'S REPORT (INCLUDING DIRECTORS. REPORT) For the year ended 31 March 2023 The Directors, who are the trustees for the purpose of charlty law, have pleasure In presenting thelr report and the unaudlted financial statements of the charltable company for the year ended 31 March 2023. The financial statements have been prepared In accordance wlth the Statement of Recommended Practice "Accountlng and ReportSng by Charities" (FRS 102), Unlted Kingdom Generally Accepted Accountlng Practlce and the Companles Act 2006, The reference and admlnlstration details of the charlty are as shown on page 3. The Trustee's report contalns the Informatlon requlred to be provlded In the TrLJStees' Annual Report under the Statement of Recommended Practlce (SORP) guldellnes, The trustees of the company are also the charity trustees for the purpose of charlty law and under the company's consitutlons are known as members of the board of trustees. In thls report the trustees of The Antrlm Down and Armagh Rural Support Network (T.A.D.A.) present a summary of its purpose, governance, actlvltles, achlevements and finances for the financial year 31 March 2022. The company Is a reglstered charlty and hence the report and results are presented In a form whlch complies with the requirements of the Companies Act 2006 and, although not obllged to comply with the Statement of Recommended Practice, the organisatlon has Implemented its recommendatlons where relevant In these flnancial statements Publ1¢ Benefit Statement The Directors of T.A.D.A confirm that they have complied wlth the guldance produced on Public Benefit by the Charlty Commlsslon for Northern Ireland, and are pleased to report that durlng the year the charltable company has continued to provlde Public Benefit through the services offered,
TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) For the year ended 31 March 2023 Review of Activities, Achievements and Performance. Durlng the year support has been provided to rural communlty groups in the Armagh, Banbridge, CraigavDn, Lisburn and Castlereagh area to Improve the quality of life for all people of the area. TADA strive to develop capacity and leadershlp skllls asslstlng to empower and sustain local communltles. Support is provided on good governance, Charlty Commlssion registration and annual reporting, completing fundlng appllcatlons and project action planning. Regular emalls go out to educate and provide groups with advice, guldance, Informatlon of activities and events, training and fundlng. TADA also provlde on-golng support to Rural community groups with the DAERA Rural Mlcro Capital Grant Scheme, this year TADA had 108 appllcatlons that recelved up to £1,500 towards projects tackllng Issues of poverty and social isolation, and or implementlng energy efflclency measures/envlronmental Improvements. TADA Is one of seven Rural Support Network provlders In Northern Ireland awarded the DAEFiA Rural Community Development Support Service contracted to provide local communlty development support and an advlce servlce to the rural communltSes. TADA supports the sustainabillty of vlbrant rural communlties, by provldlng Information, advocary, capaclty building and partnershlp working. TADA primarily work in the rural areas of Armagh, Banbridge and Craigavon areas but we also have joint contract with our sister network, County Down Rural Support Network, to work in Lisburn and Castlereagh rural areas. Llsburn and Castlereagh Clty Councll have provided TADA wlth a grant each year of approx. £2,000 and Armagh City, Banbridge and Cralgavon Councll have provlded TADA wlth a grant of approx. £8,136 towards runnlng costs and programme costs each year. Other highlights of the year Include: MULTICULTURAL DAY TADA were successful with funding from The Community Relations Councll to hold a multlcultural day on Saturday 1st October 2022 In Mlllennlum Court Art Centre. Our event was very successful and improved communlty relatlons In the area by brlnging together a cross section of the populatlon to network, talk, dance, and experience a diverse range of cultural Culslnes, music, dance and art and crafts. The event promoted awareness and understandlng of different backgrounds and cultures throu h informatlon and workshop activitles.
TRUSTEE'S REPORT (INCLUDING DIRECTORS. REPORT) For the year ended 31 March 2023 DART PARTNERSHIP PROJECT - Creating Sustalnable Communities TADA worked alongslde DART to support them with consultation work to apply for £252,000 National Lottery Cornmunity Fund investment. The Creatlng Sustainable Communltles program will Involve DART and TADA worklng with a range of stakeholders and partners to create five community hubs across the Armagh, Banbridge & Craigavon area. After a series of COVID related delays, the first of these hubs occurred on Wednesday 18th May 2022 and focused on gatherlng information on what serVIS gmups requlred In thelr area. This event had a wlde range of activities throughout including Farm Family Health Checks, Healthy Kldz and talks from Actlon Mental Health's Colln Loughran. Good Practice Visit$ TADA brought three groups on a Good pract1 vlslt to varSous locations and other groups In Northern Ireland to get a better understandlng of how other groups do things on a day-to-day basis. Uystsi
TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) For the year ended 31 March 2023 Ongolng Training Opportunltles TADA funded opportunltles for groups to get varlous quallfications such as flrst ald, food hygiene and marshal tralnlng. Fire Safety: Warm Hunb Event - Electrical Safety Fund TADA got fundlng from Electrlcal Safety First to host a Warm Hub Event in Brownlow Community Hub on January 25th 2023. The event gave everyone the chance to come alongi have a cup of tea and get informatlon from local organlsatSons on how to stay safe and warm for the rest of wlnter. The fundlng also enabled us to glve heaters, electrlc blankets and rechargeable hot water bottles to over 30 groups who had filled out our expression of Interest. This means there would be around 160 households who benefited from the items alone. Partnership with Healthy Kidz Through the Dfc Jobstart Scheme, TADA were able to hire a staff member that worked part-time with Healthy Kidz. This allowed us to run programmes such as armchair aerobics with our member groups that recelved posltive revlews all round.
TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) For the year ended 31 March 2023 TADA were delighted and honoured to be nominated for the Community Relations Council's 2023 Good Relations Awards. We were a part of an expanded Awards programme that saw the council working together with partners In The Executlve Office, NICVA, NI Youth Forum, Volunteer Now and The Community Foundatlon for Northern Ireland. Nornlnations for awards opened on 8th November 2022 and TADA was announced as a runner up in March for the Good Relatlons ConnettSng Communities Project of the Year Award. We are beyond grateful, as we know that there are many groups and organisations out there worklng Just as hard as we are.
TRUSTEE'S REPORT (INCLUDING DIRECTORS. REPORT) For the year ended 31 March 2023 Financial Review Financial Performanc• At the end of the finanlcal year the company had assets of £182,714 {2022 - £147,583) and liablllties of £22,144 (2022 - £1,373). The net assets of the compnay have increased by £14,361. Reserves Pollcy The tustees have confirmed £80,000 as the level of free reserves that the charity alms to have on an ongolng basls. The trustees belleve thls level of free reserves Is essentlal to cover running costs and redundancles should funding cease. Structure, Governance and Management Organlsational structura The charitable company Is a company limited by guarantee, not havlng a share capital. The charltable company was establlshed under a Memorandum of Assoclation whlch establlshed the objects and powers of the charitable company and Is governed under Its Artlcles of Assoclation. In accordance with the Artlcles of Assoclation, the members to reti by rotatlon shall be those who have been longest in offlce since thelr last electlon, and the relevant motlon wlll be put at the Annual General Meeting. A tIring member shall be ellglble for re-electlon. Dlrectors The Dlrectors during the year are the same as the Trustees as listed on page 3. Taxation Status The charltable corrpany Is recognlsed as a charlty by HM Revenue & Customs. Accordingly, the charitable company has availed of the exemptions contalned In Chapter 3 Part 11 Corporation Taxes Att 2010 and Sectlon 256 Taxation of Chargeable Gains Act 1992.
TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT) For the year ended 31 March 2023 Directors. Responslbilities The Direttors are responsible for preparlng the flnancial statements In accordance wlth appllcable law and Unlted Kingdom Accountlng Standards (Unlted Klngdom Generally Accepted Accountlng Practice). Company law requlres the Directors to prepare flnancial staternents for each flnancial year whlch glve a true and fair view of the state of the affalrs of the charltable company and of the incoming resources and appllcatlon of resources, Including the income and expenditure, of the charitable company for that year. In preparing these flnanclal statements the Dlrectors are required to.. •select sultable accounting policies and apply them consistently; •observe the methods and prlnciples In the Charltles SORP (FRS 102). •make Judgements and estimates that are reasonable and prudent; •state whether appllcable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explalned in the flnancial statements. and 'prepare the financlal statements on the golng concern basis unless It Is inappropriate to presume that the charltable company wlll contlnue In operation. The Directors are responslble for keeplng adequate accountlng records that disclose with reasonable accuracy at any time the financlal posStlon of the charitable company and to enable them to ensu that the flnancial statements comply with the Companies Att 2006. They are also responsible for safeguardlng the assets of the charltable company and hence for takSng asonable steps for the preventlon and detection of fraud and other Irregularltles. Small Companies Exemption The above report has been prepared in accordance with the speclal pmvlslons relatlng to small companies within Part 15 of the Companies Att 2006. This report was approved by the Board of Trustees on 301111golland signed on its behalf by: Trustee Trustee Company Registration Number: N1038531 Charity Registration Number: NIC103358 10
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Llmlted by Guarantee) Independent Examiners. Report to the members on the unaudited financial statements of The Antrlm Down and Armagh Rural Support Network (T.A.DA.) for the year ended 31 March 2023 We report on the financial statements of the charltable company for the year ended 31 March 2023 which are set out on pages 13 25. Respectlve Responslbilitles of Trustees and Independent Examiner As the charltable company's Dlrectors, who are the trustees for the purpose of charity law, you are responslble for the preparatlon of the financlal statements In accordance with the requlrements of the Companles Act 2006. Havlng satlsfled ourselves that the charltable company Is not subject to audlt under company law, and Is ellglble for Independent examlnatlon, It Is our responslblllty to: a) examlne the accounts under sectlon 65 of the Charltles Act (Northern Ireland) 2008; b) follow the procedures lald down in the general dlrectlons glven by the Charlty Commlsslon for Northern Ireland under section 65(9)(b) of the Charltles Act (Northern Ireland) 2008. and c) state whether particular matters have come to our attentlon. Basis of Independent Examlner's Report We have examlned your charltable company's flnanclal statements as requlred under sectlon 65 of the Charities Act (Northern Ireland) 2008 and our examlnatlon was carrled out In accordance wlth the general directlons glven by the Charity Cornmisslon for Northern Ireland under sectlon 65(9)(b) of the Charltles Act (Northern Ireland) 2008. The examlnatlon Included a revlew of the accountlng records kept by the charStable company and a comparison of the accounts presented wlth those records. It also Includes conslderatlon of any unusual Items or dlsclosures In the accounts and seeklng explenatlons from you as charitable company Directors concernlng any such matters. Our role Is to state whether any materlal matters have come to our attentlon glvlng us cause to believe: a) That accounting records were not kept in accordance wlth sectlon 386 of the Companles Act 2006; or b) That the accounts do not accord wlth those accountlng records; or c) That the accounts do not comply with the accounting requlrements of sectlon 396 of the Companles Act 2006 and wlth the methods and prlnciples of the Charities Statement of Recommended Practice applicable to charities preparing their accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland; or d) That there Is further information needed for a proper understandlng of the accounts to be reached. 11
Independent Examiners, Report to the members on the unaudited financial statements of The Antrim Down and Armagh Rural Support Network (T.A.DA.) for the year ended 31 March 2023 Independent Examlnerfs Statement We have completed our examlnatSon and have no concerns In respect of the matters Ilsted above and, in connettlon with followlng the Dlrectlons of the Charlty Commlsslon for Northern Ireland, we have found no matters that requlre drawSng to your attention. Rualrl McGarry McGarry & Co Chartered Accountants Mlllennium Court Wllllarn Street Portadown Co Armagh, BT62 3NX Date: so 12
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limited by Guarantee) Statement of Financial Activities For the year ended 31 March 2023 Unrestrlcted Restrlcted Funds Funds 2023 2023 Total Funds Total Funds 2023 2022 Notes INCOME AND ENDOWMENTS Voluntary Income Other Income TOTAL INCOME AND ENDOWMENT,, 216,221 216,221 401 22 193,818 329 94,147 401 401 216,221 21 Expenditure Cha rltable activltles Total expendlture 198 961 198 961 202 261 202 261 187 026 187 026 Net incorne / (outgolng) resources for the year (2,899) 17,260 14,361 7,121 Transfers between funds Balance brought forward 126,897 19,313 146,210 139,089 Balance carrled forward 123 998 160 571 146 210 The above Statement of Flnancial Actlvltles Includes all Informatlon as requlred to be disclosed by the Companles Act 2006. All of the activities of the charltable company are classed as contlnuing. The Statement of Flnancial Activities Includes all gains and losses recognlsed durlng the year. The notes on pages 16 to 25 form an integral part of the flnanclal statements, 13
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limlted by Guarantee) Statement of Financial Position As at 31 March 2023 2023 2022 Notes Non-current Asséts Property, plant and equlpment Current assets Receivables Cash and cash equivalents 6,547 173 248 179,795 15,208 128 940 144,148 Payables: Amounts falllng due withln one year io Net current assets 157 652 142 775 Total assets less currant liabllitles 160,571 146,210 Payables: Amounts falllng due after one year Net Assets 160 571 146 210 REPRESENTED BY: Unrestrltted funds Restrlctcd funds Total Funds 12 12 12 123,998 126,897 160 571 146 210 The dlrectors, statements shown on the following page form part of thls Statement of Financlal Posltlon. 14
The Antrlm Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limlted by Guarantee) Statement of Flnancial Posltlon As at 31 March 2023 (Continued) These financlal statements have been prepared in accordance with the provlsions appllcable to the small companies, reglme withln Part 15 of the Companies Act 2006. For the flnanclal year ended 31 March 2023 the company was entitled to exemptlon from audlt under section 477 of the Companles Act 2006. The Dlrectors conflrm that the members have not requlred the company to obtaln an audlt of Its flnancial statements for the year In questlon In accordance wlth section 476 of the Companles Act 2006. The Dlrectors acknowledge their responslbilitles for ensurlng that the charltable company keeps accountlng records whlch comply wlth Sectlon 386. and for preparlng financlal statements which glve a true and fair vlew of the state of affalrs of the charltable company as at the end of the financlal year and of Its incomlng or outgolng resources for the flnanclal year In accordan with the requlrements of sectlons 394 and 395 and whlch otherwlse comply wlth the requirements of the Companles Act 2006 relatlng to flnanclal statements, 50 far as appllcable to the charltable company. The notes on pages 16 to 25 form an Integral part of the flnanclal statements. The flnancial statements were approved and authorised for Issue by the Board of Directors and slgned on thelr behalf by: Trustee Trustee 301,11023 Date Date Company Reglstration Number: N1038531 Charlty Registration Number: NIC103358 15
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2023 I. GENERAL INFORMATION The Antrlm Down and ARmagh Rural Support Network (T.A.D.A.) Is a charitable company limlted by guarantee Incorporated in Northern Ireland. In the event of the charltable company belng wound up, the liabillty In respett of the guarantee Is limlted to £1 per member of the charltable company. The address of the reglstered Off1 is as shown on page 3. 2. ACCOUNTING POLICIES The followlng accountlng polScles have been applled conslstently In dealing wlth Items whlch are considered materlal In relatlon to the charitable company's flnanclal statements. 2.1 statement of Compllance The flnanclal statements have been prepared in accordance with Accountlng and Reporting by Charftes., Statement of Recommended Practlce (SORP) appllcable to charitles preparlng thelr flnanclal statements In accordance wlth the Financlal Reporting standard applicable In the UK and Republlc of Ireland (FRS 102) effectlve l January 2021 (Second Editlon), the Flnanclal Reportlng Standard appllcable In the Unlted Klngdom and Republlc of Ireland (FRS 102) and the Companies Act 2006. 2.2 Basls of Preparation The financlal statements are prepared on a golng concern basls under the h5storlcal cost convention unless otherwlse stated In the relevant accountlng pollcy. Hlstorlcal cost Is generally based on the falr value of the conslderatlon glven In exchange for assets. The followlng accountlng pollcles have been applled consistently in dealing wlth items which are consldered material In relation to the charitable company's flnanclal statements. 2.3 Cash Flow Statement The charltable company has applied Update Bulletln 2 as publlshed on 5th Ottober 2018 (effective l January 2019) and does not Include a cash flow statement on the grounds that It Is applying FRS 102 Sectlon IA. 16
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2023 2.4 Income and Endowments (i) Charitable Actlvitles Income from charltable act5vltles Includes Income recelved under contract or where entitlement to grant funding is subject to speciflc performance conditlons. It Is recognlsed as earned as the related servltrs or goods are provlded. Grant Income Is recognlsed In the Statement of Financlal Actlvltles when recelvable. Grant Income Included in this category provides funding to support projects and Is recognlsed where there Is entitlernent, certalnty of recelpt and the amount can be measured wlth sufficlent rellabllity. (li) Other Income other Income Is recognlsed In the Statement of Flnancial Actlvitles where there Is entitlement, certalnty of recelpt and the amount can be measured wlth sufflclent rellablllty. 2.5 Expendlture Expendlture Is recognlsed when a liabllity is incurred. Contractual arrangements and perforrnance related grants are recognlsed as goods and servlces afft supplied. Where costs cannot be dlrectly attrlbuted to a partlcular headingi they have been allocated to activltles on a basis consistent with use of resources. Staff costs and overhead expenses are allocated to actlvlties on the basls of staff tlme spent on those activltles. (l) Charltable Activlties This comprises all the resources applled by the charltable company In undertaklng Its work to meet Its charltable objectlves. CharStable actlvlties wlll Include the costs of governance arrangements whlch relate to the general runnlng of the charltable company. 2.6 Fund Accounting The charltable company has two types of funds for whlch it Is responslble at the year-end: Unrestricted Funds - Funds whlch are expendable at the dlscretlon of the Board of Directors in furtherance of the objectives of the charltable company. In addltlons, funds may be held In order to finance capital investment and worklng capital. 17
The Antrim Down and Armagh Rural Support Network (T.A.D.A} (Charitable Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2023 Restricted Funds Income recelved for speclflc purposes, Such purposes are wlthin the overall alms of the charitable company. 2.7 Propertyi Plant and Equlpment and Depreciatlon All property, plant and equipment are Inltlally recorded at cost. Depreclation Is provlded at rates calculated to wrlte off the cost less resldual value of each asset over Its expected useful Ilfe, as follows; Flxtures, Flttings & Equlpment 15 % Reduclng Balance 2.8 Trade and Other Recelvables Trade and other recelvables are Inltlally recorded at falr value and thereafter stated at cost less impalrment losses for bad and doubtful debts. 2.9 Trade and Other Payables Trade and other payables are Inltlally recognlsed at falr value and thereafter stated at cost. 2.10 Taxation As a charlty, the charltable company is not liable to Corporatlon Tax. 2.11 Cash and cash equivalents Cash and cash equlvalents Include cash In hand, éeposlts held at call wlth banks, other short term hlghly liquld investrnents wlth orig5nal maturlties of three months or less. 2.12 Finance Costs Finance Costs are charged to the Statement of Financlal Actlvltles over the term of the debt. 18
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2023 2.13 Financlal instruments (l) Flnancia l assets Baslc financial assets, Includlng trade and other recelvables, cash and bank balances and amounts owed by related partles and are Inltlally recognlsed at transactlon pr1, unless the arrangement constitutes a flnanclng transaction, where the transactlon Ss measured at the present value of the future recelpts dlscounted at a market rate of Interest. Such assets are subsequently carrled at amortlsed cost uslng the effectlve Interest method. At the end of each reportlng perlod flnanclal assets measured at amortlsed cost are assessed for objectlve evldence of Impalrment. If an asset Is Impalred the Smpalment loss Is the dlfference between the carrylng amount and the present value of the estlmated cash flows dlscounted at the asset's origlnal effectlve Interest rate, The Impalrment loss Is recognlsed In proflt or loss, If there Is decrease In the Impairment loss arlslng from an event occurrlng after the Impalmient was recognlsed, the Impairment Is reversed. The reversal Is such that the current carrylng amount does not exceed what the carrylng amount would have been had the impalrment not prevlously been recognlsed. The Impalrment reversal is recognlsed In proflt or loss. Flnanclal assets are derecognlsed when (a) the contractual rlghts to the cash flows from the asset explfft or are settled, or (b) substantially all the rlsks and rewards of the ownershlp of the asset are transferred to another party or (c) desplte havlng retalned sorne signlflcant rlsks and rewards of ownershipi control of the asset has been transferred to another party who has the practlcal ablllty to unilaterally sell the asset to an unrelated thlrd party wlthout Imposlng addltlonal restrl ctlons, (li) Flnanclal liablllties Baslc financlal Ilabilitles, including trade and other payables, bank loans and overdrafts and amounts owed to related partles a initlally recognlsed at transactlon price, unless the arrangement constltutes a financing transaction, where the debt Instrument Is measured at the present value of the future recelpts dlscounted at a market rate of Interest. Debt Instruments are subsequently carrled at amortlsed cost, uslng the effective Interest rate method. Fees pald on the establishment of loan faclllties are recognised as transactlon costs of the loan to the extent that it Is probable that some or all of the faclllty wlll be drawn down. In thls case, the fee Is deferred until the draw-down occurs. To the extent there Is no evidence that It is probable that some or all of the facility wlll be drawn down, the fee is capitallsed as a pre-payment for Ilquidlty servlces and amortised over the period of the faclllty to which it relates. 19
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Llmited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2023 Trade payables are obllgatlons to pay for goods or servlces that have been acqulred In the ordinary course of business from suppllers. Accounts payable are classifled as current Ilabllltles If payment Is due wlthln one year or less. If not, they are presented as non-current Ilablllties. Trade payables are recognlsed inltlally at transactlon pri and subsequently measured at amortlsed cost using the effectlve Interest method. (111) Oftsetting Flnanclal assets and Ilablllties are offset, and the net amounts presented in the flnanclal statements when there Is a legally enforceable rlght to set off the recognlsed amounts and there Is an intentlon to settle on a net basls or to reallse the asset and settle the Ilablllty slmultaneously. 2.14 Critlcal Accountlng Judgements and Estlmation Uncertalnty Estimates and judgements are contlnually evaluated and are based on hlstorlcal experlence and other factors, Includlng expectatlons of future events that are belleved to be reasonable under the clrcumstances. Crltlcal Judgements In applying the entity's accounting pollcles There are no crltlcal Judgements In applylng the charity's accountlng pollcles. Crftical accounting estimates and assumptions There are no actual accounting estimates and assumptSons. 20
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2023 3. INCOME AND ENDOWMENTS Unrestrlcted Restrlrted Funds Fund$ 2023 2023 Total Funds Total Funds 2023 2022 Charitable Actlvlties Grant income: Core & Project Fund ABC Grant Aid Lisburn Grant Aid DFC Jobstart Rank Foundatlon Transfers between funds Total Income from Charitable Activitles 183,370 8,136 1,800 9,915 13,000 183,370 8,136 1,800 9,915 13,000 172,611 8,136 6,207 6,423 216,221 216,221 193,377 other Income other Income / Donations / Fundraising Donatlons 401 401 770 401 401 770 21
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2023 4. EXPENDITURE CHARITABLE ACTIVITIES Other Costs Support Costs 2023 Total Toal 2023 2023 2022 CharStable activlties DFC Jobstart TADA 2 Charity Running Costs Llsburn Grantaid ABC Grantald TADA I DFCWWC Rank Foundatlon 8,195 140,806 1,532 7,495 31,577 8,195 140.806 1,532 7,495 32,093 5,647 135,615 6,375 8,022 31,192 175 516 516 201,745 202,261 187,026 4.1 Analysls of support C05t$ Total Total 2023 2022 Core Programme Costs WWC Programme Costs MMC Programme Costs ESF Programme Costs Accountancy / Bookeeplng Salaries, wages & related costs General Office mnning costs Bank Fees Staff train ing Consultancy 13,934 13,976 (265) 7,756 4,282 4,282 3,890 145,441 27,818 207 1,893 4,964 123,093 22,588 104 1,056 201,747 186,272 22
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2023 5. NET INCOME/(EXPENDITURE) FOR THE YEAR Net income/(expendlture is stated after charging/(credltlng): 2023 2022 Depreclation of property, plant and equipment 516 516 638 638 6. INDEPENDENT EXAMINER'S REMUNERATION The Independent Examlner's remuneration amounts to a fee of £1,800 (2022: £2,200) 7. STAFF COSTS AND EMPLOYEE BENEFITS The average number of persons employed by the charitable company durlng the year 6 (2020: 5). The total staff costs and employee beneflt's was as follows: 2023 2022 Wages, salarles and penslons (Includlng soclal security) 140,365 122,363 No employee of the chartiable company received total employee benefits of more than £60,000. 7.1 DIRECTORS, REMUNERATION The Directors ceiVed nor waived any remunerations or any other benefits during the year and no reimbursements of expenses incurred. 23
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2023 8. PROPERTY, PLANT AND EQUIPMENT Fixtures Flttings and Equlpment Total Cost At 31 October 2020 Ad(Jitions At 31 October 2021 27,378 27,378 Depreclatlon At 31 October 2020 Charge for the year At 31 October 202 1 23,943 516 23,943 516 Transfers between funds At 31 October 2021 At 31 October 2020 9. RECEIVABLES 2023 2022 Trade Debtors Prepayments & Accrued Income 2,913 3,634 4,913 10,295 10. PAYABLES: AMOUNTS FALLXNG DUE WITHIN ONE YEAR 2023 2022 Bank Overdraft Trade Creditors Accruals & DefeThed Income Taxation & Soclal Securlty costs 305 54 20,001 305 1,068 2,144 1,37 24
The Antrim Down and Armagh Rural Support Network (T.A.D.A) (Charitable Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2023 11. RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Restricted Funds Funds 2023 2023 Total Funds 2023 At 1st April 2021 Movement during Flnanclal Year At 3L March 2022 Movement durlng Financlal Year At 31 Narch 2022 133,552 5,537 139,089 126,897 19,313 146,210 123 998 160 571 12. ANALYSIS OF MOVEMENTS IN FUNDS Openlng Income Balance Expendlture Transfer Between Funds Closlng Balance Core & Project Fund DFC Warm, Well Coni ABC Grantald Usburn Grantaid DFC Jobstart Rank Foundation Restricted Funds 18,076 183,370 (169,599) 31,847 461 8,136 1,800 9,915 (7,495) (1,532) (8,195) 1,102 268 2,496 860 36,573 776 19,313 216,221 {198,961) Unrestrlcted Funds 126,897 401 (3,300) 123,998 Total Funds 146 210 216 622 202 261 160 571 13. CONTINGENT LIABILITIES A contlngent Ilabillty exists to repay grants recelved should certain condltlons not be fulfllled by the company. 25