Company registration number: N1036582 Charity registration number.. NICC 32568 Taylorstown Cross Community Complex Ltd (A company limited by guarantee) Aniiual Report and Financial Statements for the Year Ended 31 August 2018 D T Carson & Co. 51-53 Thoinas Street Bgllyrnena Co Aiitrim BT43 6AZ
Taylorstown Cross Community Complex Ltd Contents Ref¢rence and Administrative D¢tails Tjuslees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statem¢nt of Finaneial Activiti¢s Balanc¢ Sheet Notes to the Financial Statements 7t012
Taylorstown Cross Community Complex Ltd Reference and Administrative Details Tru$l¢es Hesther Arrell Ruth Hamilion-Alexander Jacqueline Surgenor (Resigned 24 October 2017) Sarah Seullin (appointed 24 October 2017) Secretary Sarah S¢ullin Principal Offiee 71 Taylorstoivn Road Toomebridg¢ Amirin) BT413RW Company R¢gistr#tion Nuinber N1036582 Charity Registration Number 32568 Bankers Danske Bank 42 High Street Aiirrim Co Ani¥im BT414AP Independent Examlner D T Carson & Co. 51-53 Thomas Street B1( Ilymena Co Antrim BT43 6AZ Page I
Taylorstoivn Cros$ Community Complex Ltd Truste¢s' Report The tNstees, who are directors for the PUTposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 Augiist 2018. Tru$tees Heather Arrell Ruth Hamilton-Alexand¢r Ja¢qu¢line Surgenor (Resigned 24 October 2017) Sarah Scullin (&ppoinied 24 October 2017) Objectives and activities Objects amd rtlms The company is a registered eharity which seeks to promote the development and education among pre.school children, in¢luding the provision of play facilitie5, in the area. Publlc beiiéjli The trustees confinn that they have complied with the requirements of the Charities Act {Northem Ireland) 2008 to have due regard to the public benefit guidance published by the Charity Commission for Noilhern Ireland. Achievements and performanee The main achieYen)ent of Taylorsiown Cross CommunÈty Complex Ltd has been the ability io continu¢ to raise the necessary ndS to promote the education among pre-school children in the area. Finaneial review The finan¢ial results for the year are sei out in the finan¢ial statements accompanying this report. Policy ON re&enÉs The charity aims io use their inctsme in furtherance of their objectives and any ainounts in the unrestricted funds are held to meet any unforseen expenditure that Inay occur. Prlnclpulfundlng sources The principal funding is received from The Educotion Authority. Plans for future periods Alnu andkey objeellvesforlulureperlods The charity plans to continue the activities, as outlined above. in the forthcoming year. Strueture governanee management Nulure ofgoyeriiiiig d(pcumeiil Taylorstown Cross Community Complex is a ¢ompany limited by guarant¢e and is also a registered ¢harity. For the purposes of Charity Law, the directors are trustees of the Charity. Page 2
Taylorstown Cross Community Complex Ltd Statement of Trustees, R¢sponsibiIities Tl)e trustees (who are also the directors of Taylorstown Cross Community Complex Ltd for the purposes of onipany law) are r¢sponsible for preparing the Iriistees, report and the financial stateinents in accordance with the Uniied Kinbdom Accounting Standards (United Kingdom Gen¢rally Accepted A¢couniing Practice) and applicable law and regulations. Ctstnpany law requires tlie ti'ustees to prepai'e fjiiancial siatements for each financial year. Under company law the triislees Jnust not approve the fiiiancial statements unless they are satisfied that they give a true and fair view f tlie state of affairs of the cliaritable company and of its incoming resources and application of re50ur¢es. incliiding its income and expenditure, lor that period. In preparing these financial statements, the truste¢s are reqiiired to.. seleci suitable accounting policies and apply Ihein consistently: obseive the method$ #nd principles in the Charities SORP. make judgemenis and estimates tliat are reasonable and prudent- state wherhei. applicable UK AccouJitii)g Standards have been followed, subject io any material departures disclosed and explained in tl)e finajicial statement5: and prepare the finan¢ial ststemenis oil the going eoncern basis unless it is inappropriat¢ to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that aiE sufficient to show and explain the haritable compai)y's tTansactions and disclose with reci sonable accuracy at any time the financtal position of the choritable company and enable them to ensure thar the financial statements Comply with the Coinpani¢s Act 2006. They are also respoiisible for safeguarding the sets of the charitable company and hence for taking reasojiable steps for the preventioii and detection of fraud and other irregularities. Approved by the trustees of the clittrity 01) 25 September 2018 and signed oll its behalf by.. r<ih Company Secretary and Trustee Page 3
Taylorstown Cross Community Complex Ltd Independent Examiner's Report to the truslees of Taylorstown Cross Community Complex L¢d rewrt on the accounts of the charity for the year ended 31 August 2018 wl)ich are set out on pages 5 to 12 . Respective responsibilities of trustees and examiner The tt115tees {who are also tlie directors of the conipany for the purposes of Company law) Are responsible for the preparation of the accounts in accordance witli the requirements of the Companies Act 2006. The trustees consider that an audit is not required for this year under ¢ompany law and that an independent examination is n¢eded. Having satisfied myself that the charity is noi subject to audit undeT company law and is eligible for independent exaTnination. it is my responsibility to.. examine the 2Ctounts undei. sectioi) 65 of the Charite5 Act Northem Ire11c ndl 2008., to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ir¢land under section 65(9)(bl of the Charitie5 A¢t', and to state whether particular matters have COTne to my attention. Basis of Independent examiner's report My examination was ¢arried out in accordan¢e with the general Directions given by the Charity Commission. An ¢xamination includes a review of tlie a¢couiitingJ records kept by Ilie charity and a coit)parison of the accounts presented with those records. It also in¢ludes ton5ideration of any unusual items or disclosures in the accounts, 2nd seeking explanations from you as trL15tees concerning any sucli matters. The procedures undertaken do not provide all the ¢vidence that would be required in an audit and consequejitly no opinion is given as io whether the acc4)unts present a 'true and fair view, and the report is limited to th05¢ matter5 set out in the statement below. Independent examlner's statement In conneciion with my examination, no matter has come io my attention.. { l) which gives me reasonable ¢aus¢ to believe that in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accouniing reclirds. comply witli the acctsunting requirements of s¢ction 396 of the Companie5 Act 2006 and with the metliod5 and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met.. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the a¢counts to be reached. Mr Johft amilton Thel Itute of Chartered Accountants in Ireland 51-5 Thomas Street Ballymena Co Antrim BT43 6AZ 25 September 2018 Page 4
Taylorstown Cross Community Complex Ltd Statement of FinanLi#I Activities for the Year Inded 31 Augus¢ 2018 (Including Income and Expenditure Account and Statement of Total Reeognised Gains and Loss¢s) Unrestricted funds Total 2018 Note Iiicome and Endowments from". ChaTltable actlvllie 66,144 66,144 Total Incorne 66,144 66.144 Expenditiire oTr: Chdl'ltable activili¢s (67,673 67,673) Total Expenditure {67.673) {67,673 Net expenditure {1,529) {1.529 Nei movement in fitnds (1.529) (1,529) Reeoncilialion of funds Total funds brought forward Total funds carried forward 63,206 63,206 61,677 Vnrestricted funds 61,677 Total 2017 Note Ineome and Endowments from: Charirable ttctivities 71,920 71.920 Total Income 71,920 71,920 Expenditure ON.. Charitable activities (72,068) (72.068) Total Expenditure {72,068) (72.068 Net expenditure 148) (148) Net movement iTt funds (1481 (148) Reconciliation of funds Total funds brought forward Total funds carried fonvard 63,355 63,355 63,207 63,207 All of the charity's a¢tivities derive from continuing operations during the above two periods. Tlie funds breakdo7 for 2017 is shown in note I l. Page 5
Taylor8town Cross Community Complex Lld {R¢gistration numb¢r: N1036582) Balan¢¢ Sheet as at 31 August 2018 2018 2017 Note Fixed assets Tangible assets 76,232 81,687 Current a55els Sto¢ks Debtors Cash at bank and in hand 1.332 833 32.977 582 3,314 30.475 35,142 34,371 Creditors: Amounts falling due within one year 10 149,697 (52,851) Net eurrent liabiliti¢$ (14.555 (18,480) 63.207 Net asset$ 61,677 Funds of the eharity: Unrestrlcted income funds Unrestricted funds 61,677 63.207 Total fuThds 61.677 63,207 For the financial year eliding 31 ASuS1 2018 the ¢harify was entitled to exemption from aiidii under s¢ciion 477 of the Companies Act 2006 relating to small companies. Dire¢tor5' responsibilities.. The members have not required the charity to obtain an audit of its aecounts for the year in qiiestion ill accordance with section 476. and The dire¢tgrg acknowl¢dge their responsibilities for ¢oinplying with the requirements of the Act with r¢$p¢ci to accounting record5 and the preparation of accounts. These accounts have been prepared in accordance with th¢ provisions applicable to companies subject to the small companies regime. The financial statements on page$ 5 to 12 were approved by the trustees, and authorised for issue on 25 September 2018 and signed on their behalf by.. Heather Arrell Trustee Sc Comp ecretary and Trustee Page 6
Taylorstown Cross Community Complex Ltd Notes to the Financial Statements for th¢ Year Ended 31 August 2018 I Charity status The charity is a cl)arity liinited by giiarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceedin& £Nil iowards the assets of the charity tn the event of liquidation. 2 Aeeounting policies Summary of significant accounting policies and key accounting eslimate5 The principal accouiiting policies applied in che prepardtion of These financial statements ar¢ set out below. These poli¢ies1)ave beeii eonsisiently applied to all the year5 presented. unless otherwise stated. Statement of coinplianee The financial btatejnents have been prepared in accordance with Accounting and Reporting by Cliarities= Staiement of Recoininended Practice applicable to charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol. Ireland (FRS 102) letyective l January 20151 {ChaJ'ities SORP {FRS 10211.. tlie Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. BASIS of preparation Taylorstowii Cross Coniinuiiity Complex Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially reCtsised at historical cost or trallsaction value unless oth¢nvise slated in the relevant accguiiting policy notes. Going eoneern The trustees coi)sider that there are no material uncertainties about the charity's ability to continue as a going conceTn nor any sigjiificani areas of uncertainty thai affect the ckrrying value of assets held by the charity. Exemption from prepartng a cash flow statement The charity opted lo el rly adopt Bulletin I published on 2 FebTuary 2016 and have therefore not included a ¢a5h flow slateinent in these finan¢ial statements. Transition to FRS 102 In PTepariiig tl)e accounts. the trustees have considered whether in applying the accounting policies required by FRS 102 and the Lliarities SORP FRS 102 a reslacement of ¢omparative items was required. No restatements are required as a result of the transltioii to FRS 102. Income gNd ¢ndowments All incoine is recobjnised oiice tile charity has entitlement to the income, it is probable that the income will be received and the an)ount of tlie income receiveable Can be measured reliably. Graiil.% receivuble Grants are recognised when the charity has an eniitlement to the funds and any conditions liRked to the grants have been met. Where perfoijnance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be r¢l¢ased. Pag¢ 7
Taylorstown Cross Community Complex Ltd Notes to the Finaneial Statements for the Year Ended 31 August 2018 Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expendIre, it is probic ble settlement 15 required and the amount can be measured reliably. All cogls are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particulclr headings they have been allocated on a basis consisteiit witli tlie use of resources, with Central staff costs allocated on the basts of time spent, and d¢preciation charges allocated on tlie portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charliuble llcllvltles Charitabl¢ expenditure ¢ompri5es those costs incurred by the tharily in the delivery of its activities and services for its ben¢ficiaries. li in¢lude5 both eosls that can b¢ allocated directly lo such activities apd those costs of an indirect nature necessary to siipport them. Government grants Govemment grants are recognised based on the atcrual model and are measured at the fair value of the asset re¢eived or receiveable. Grants are classified as relating either to revenue or to ass¢ts. Grants relating to revenue are recognised in income over the period in wl)ich the related costs are recognised. GTants relating to assets are re¢ognised over the exp¢¢ted uselul life of the asset. Taxation The charity is coiisid¢red to pass the tests set out in Paragraph I Schediile 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the ¢harity is Potentially ex¢nipt from taxation in respect Of income or capital gains received within categorie5 ¢ov¢red by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of ChaTgeable Gains Act 1992, to tli¢ extent that such incoi)ie or gain5 are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairmeni losses. Depreclation and amortisation Depreciation is provided on tangible fixed assets so as to write off the Cost or valuation, less any estimated residual value, over their exp¢¢ted useful eeononiic life as follows-. Asset class Plant & machinery Fixtures & fittings Land & buildings Depreciation method and rate 20% Straight line 200/y straight line 4°/0 Straight line Stock Stock is valued at the lower of cost and estimated selling priee less costs to complete and sell, after due regard for obsolet¢ and slow moving stocks. Cost is detemiined using the first-in, first-oiit (FIFO). Fund structure Unrestricted income funds are general funds that are available for use at the trustees's discretion in fvrtheran¢e of the objectives of the charity. Page 8
Taylorstoivn Cross Community Complex Ltd Notes to th¢ Financial Statements for th¢ Year Ended 31 August 2018 3 Income from eharitable activities Unrestrle¢ funds Total 2018 Total 2017 General PEAG funding NHSCT & BSO milk grant Education authority. GRTL grani NCP grt ex wages Northern Childcare P'ship- 'Small grants Scheme.. MinoT reflltbislimeni. Northern Childcare P'ship- 'Including children wiih a di53bility' Fees Fundraising Donarions Gift aid PaYmen1S Othej. iiicome Bank interest received 47,216 180 1,070 47,216 180 1,070 46,826 1,013 1.198 3,292 1,540 1.540 972 10,374 4,220 255 972 10.374 4,220 255 12.825 4,797 264 209 1.458 38 149 50 149 50 66,144 66,144 71.920 Page 9
Taylorstown Cross Community Complex Lld Noles to the Financial Statements for the Year Ended 31 August 2018 4 Expenditure on charit8ble activities Ch#ritable etivity costs TotAI 2018 Total 2017 Wages & salaries Staff pensions EY specialist Staff iraining Water rates Light, heat & power Insurance Work materials & activity expenses Repairs & maintenance Telephone Website maintenance & design Printing, postage & stationery Trade subscriptions Sundry expenses Accountan¢y & bookkeeping f¢es Pension administration expense olIngS Fundraising costs GRTL grant expenses Northem Childeare P'ship- Small grants scheme, Bank charge$ D¢preciation Government grants released 46,963 744 46.963 744 1.190 1.341 444 48.542 1,437 1.668 523 365 1.166 1.358 1.285 3,994 581 120 817 169 1,190 ,341 444 1,031 1,542 807 1.031 1,542 807 1,706 703 231 1,706 703 231 226 226 4,249 1,377 250 167 104 422 1,540 14 6,512 (3,890) 4,249 1,377 250 167 3.309 1.286 250 422 463 1.226 422 1,540 14 6,512 (3,890) 8,194 67.673 67,673 72,068 £67,673 (2017 - £72,068) of the abov¢ expenditure was attributable to unrestricted fiEnd5 and £Nil (2017 - £Nill to restri¢ted funds. Page 10
Taylorstown Cross Community Complex Ltd Notes to the Financial Slatements for the Year Ended 31 August 2018 5 Net ineomingloutgoiNg resources Net outgoing resouTces for the year in¢lude'. 2018 2017 Depreciation of fixed assets Government graiits released 6,512 (3,890 8,194 (5,115) 6 Taxation The charity is a registeird cliarily and is iherefore exempt from taxation. 7 Tangible fixed assets Other Furniture And tangible fixed equipment asset Lxnd and buildÉngs Total Cost At I September 2017 Additions 139,981 49,547 1,056 1,538 191.066 1,056 At31 August2018 139,981 50,603 1,538 192,122 Depreeiation At I Sepiember 2017 Charge for the year At31 AUgt 2018 60,086 5,599 47.755 912 1.538 109.379 6,511 65,685 48,667 1,538 115,890 Net btstsk value At31 Augu5t2018 74,296 1.936 76.232 Ai 31 August 2017 79,895 1.792 81,687 8 Stock 2018 2017 Stocks 1,332 582 9 Debtors 2018 2017 Prepayments Other debtors 833 885 2,429 833 3,314 Page 11
Taylorstown Cross Community Complex Ltd Notes to the Financial Statements for the Year Ended 31 Augus12018 ID Creditors: amount$ fglllng due withln one year 2018 2017 A¢crllals Deferred income 1.616 48,081 880 51,971 49,697 52.851 I l FuDds Balance at Septenjber 2017 Incoming resoiirces Resoiirces expended BalaDce at 31 August 2018 Unrestricted funds General 63,206 66,144 (67,673 61,677 BalAnce at September 2016 Ineoming resourees Resources expended Balance at 31 August 2017 Unrestricted funds General 63,355 71,920 (72,068) 63,207 Page 12