Company registration number.. N1036582
Charity registration number.. N ICL 32568
Taylorstown Cross Community Complex Ltd
(A company limited by guarantee)
Annual Report and Financial Statem¢nts
for the Year End¢d 31 August 2023
D T Carson & Co.
51-53 Thomas Street
Ballymena
Co. Antrim
B T43 6AZ
IIIIM￿l
*AD28XCJ7•-
0310512024
COMPANIES HOUSE
A11
#103

Taylorstown Cross Community Complex Ltd
Contents
Reference and Administrative Details
Trust¢e5' Report
Statement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
7t013

Taylorstown Cross Community Complex Ltd
Referenee and Administrative Details
Trustees
Sarah Scullin
Finola Swann
Lesley Wilson
Lesley Wilson
Seeretary
Charity Reglstration Number
32568
Compsny Reglstratlon Number
N1036582
Princlpal Office
71 Taylorstown Road
Toomebridge
Antrim
BT413RW
Independent Examiner
D T Carson & Co.
51-53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ
Bankers
Danske Bank
42 High Street
Antrim
Co Antrim
BT414AP
Page I

Taylorstown Cross Community Complex Ltd
Trustees, Report
The trustees, who are directors for the purpose5 of company law, present the annual report together with the
financial stalements of the charitable company for ihe year ended 31 August 2023.
Objectives and activities
Objecls and aims
The company is a registered charity which seeks to promote the development and education among pre-school
children, including the provision of play facilities. in the area.
Publlc beneJ71
The trustees confirm that they havc complied with the requirements of ihe Charities Act (Northem Ireland) 2008
lo have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland.
Achievements and performance
The main achievement of Taylorsiown Cross Community Complex Ltd has been il's ability to continue to raise
Ihe necessary fund5 to promote educalion among pre-school children in the area,
Financi41 review
The financial results for the year are sel out in the financial statements accompanyin8 thi$ report.
Pollcy on reserves
The charity aims to use their in¢ome in furtheran¢e of their objectives and any amounts in th¢ unrestricled funds
re held lo meet any unfor5een expenditure that May occur.
Princlpolfundlng sources
The principal funding is received from The Education Authority.
Plans for future periods
Alms and key objecilvesforfulure perlods
The Charity aims to continue the activities, as outlined above, in the forth¢oming year.
Trustees and offletrs
The trustees and officers serving during the year and since the year end were as follows..
Trustees..
Sarah Scullin
Finola Swann
Lesley Wilson
Secretary:
Lesley Wilson
Structure* governance and mgnagemenl
Nalure ofgoverning documenl
Taylorstown Cross Con￿]unIty Complex is a company limited by guaranlee and i5 also a registered charity. For
the purposes of Charity Law, the directors are trustees of the Charity.
Page 2

Taylorstown Cross Community Complex Ltd
Statement of Trustees, Responsibilities
The trustees (who are also the directors of Taylorstown Cross Community Complex Ltd for the purposes of
ompany law) are responsible for preparing the trustees, report and the financial stalements in accordance with
applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice), including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the truslees to prepare financial sthtemenls for each financial year. Under company law
the trustees must not approve the financial statements unless they are satisfied Ihat they give a true and fair view
of the state of affairs of the charitable company and of the incoming r¢sources and application of resource5,
including its income and expendirure, of the charitable company for that period. In preparing these financial
statements, the trustees are required to..
select suitable accounting policies and apply them consisiently;
observe the methods and principles in the Charities sorip.
make judgements and estimates that are reasonable and prudent;
state wheiher applicable accounting standards, comprising FRS 102 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
charirable company will continue in business.
The trustees are responsible for keeping propeT accounting records thai can disclose with reasonable accuracy at
any lime the financial position of the charitable company and enable them to ensure thai the financial statements
comply with the Compani¢s Act 2006. They are also responsible for safeguarding the assels of the Charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and oiher I￿egUlarItIeS.
The trustees are responsible for Ihe mhintenance and integrity of the corporale and financial Infonnalion
included on the ¢hariiable company's website. Legislation governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Approved by the truslces of Ihe charity on 22 April 2024 and signed on its behalf by:
L....w.Al.s.cfi.:
Lesley Wilson
Company secrethry and trust¢¢
Page 3

Taylorstown Cross Community Complex Ltd
Independent Examiner's Report to the trustees of Taylorstown Cross Community
Complex Ltd ('the Company,)
I report to the charity trustees on my examinalion of the accounts of the Company for the year ended 31 August
2023.
Responslbilities and basis of report
As the charity's trustees of Taylorstown Cross Community Complex Ltd (and also its directors for the purposes
of company law) you are responsible for the preparation of the accounts in accordanc¢ wilh the requiremenis of
the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself ihal the accounts of Taylorstown Cross Community Complex Ltd are not required to be
audited under Part 16 of Ihe 2006 Act and are eligible for independent examination, I report in re5pec¢ of my
examination of your charity's accounts as carried out under section 65 of the Charities Act (Northern Ireland)
2008. In carrying Out my examination I have followed the Direciions given by the Charity Commission for
Northern Irelhnd under section 65{9)(b) of Ihe Charities Act,
Independent examiner's st8temtnt
I have completed my examination. I confim thal no matters have ¢ome to my attention in connection wilh the
exarninalion giving me Cause lo believe..
l. accounting records were not kept in respect of Taylor5town Cross Community Complex Ltd as required by
section 386 of the 2006 Act. or
2. the a¢counts do not accord with those records- or
3, the accounts do noi ¢omply with th¢ a¢¢ounting requtremenis of section 396 of Ihe 2006 A¢1 other than
any requirement thai the accounts gFve a 'true and fair view, which is not a matter considered as part of an
independent examination. or
4. the accounts have not been prepared in accordance with the methods and principles of the Slatement of
Recommended Practice for accountin8 and reporting by charities lapplicable lo charities prepartng their
accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no concern5 and have come arr055 no other matters in connection wilh the examination lo which attention
should be drawn in this report in order to enable a proper understanding of Ihe accounts to be reached.
Mr Jarnes Wallace
The Institute of Chartered Accouniants in Ireland
51-53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ
22 April 2024
Page 4

Taylorstown Cross Community Complex Ltd
Statement of Financial Activities for the Year Ended 31 August 2023
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestrieted
funds
Restricted
funds
Total
2023
Note
Income and Endowrnents from:
Charitable activities
84.571
84,571
Total income
84,571
84,571
Expendlture on:
Charitabl¢ aclivilies
98.100
98,100
Total expenditure
98,100
(98,100
Net expendilure
Net movement in funds
13.529
{13,529
(13,529)
{13,529)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
32,615
19,086
Unrestricted
funds
,343
12
,343
R¢slricted
funds
20.429
Total
2022
Note
Income and Endowments from:
Charitable activities
66,852
Total income
66,852
66.852
Expenditure on:
Charilable activities
77,448
(77,448
Total expenditure
Net expendilure
(77,448
77,448)
10,596
10.596)
Net movement in funds
{10,596)
(10,596)
Reeoncilialion of funds
Total funds brought forward
Total funds carried forward
43,212
,343
44,555
12
32,616
1,343
33,959
All of the charity's activities derive from continuing operations during the abov¢ two period5.
The fijnds breakdown for 2022 is shown in note 12.
The notes on pages 7 to 13 forni an integral part of these financial staiements.
Page 5

Taylorstown Cross Community Complex Ltd
(Registration number: N1036582)
Balance Sheet as at 31 August 2023
2023
2022
Note
Fixed assets
Tangible assets
47,420
53,720
Current a55ets
Stocks
Debtors
Cash at bank and in hand
717
823
2,801
1,706
691
12,797
10
4,341
15,194
Credltors: Amounts fglling du¢ within one year
31,332
(34,955
Net ¢urrent liabilities
26,991
19,761
Net assets
20,429
33,959
Funds ofthe charity:
Re$trlcted income funds
Restricled funds
,343
1,343
Unrestricted income funds
Unrestricled funds
19,086
32,616
Total funds
12
20,429
33,959
For the financial year endin8 31 August 2023 the charity was entiiled io exemption from audit under section 477
of the Companies Arl 2006 relating to small ¢ompani¢s.
Directors, responsibilities..
The members have not required the charity to obiain an audit of its accounts for the year in question in
accordance with section 476- and
Th¢ directors acknowledge their responsibilities for complying with the requirements of the Act with resp¢¢t
to accounting records and the preparalion of accounts.
The financial statem¢nts on page5 5 to 13 were approved by ih¢ trusle¢s, and authorised for issue on 22 April
2024 and signed on th¢ir behalf by..
la Swann
stee
The notes on pages 7 to 13 fonn an integral part of these financial statements.
Page 6

Taylorstown Cross Community Complex Ltd
Notes to the Financial Statements for the Year Ended 31 August 2023
I Charlty slalus
The charity is limited by guaranlee, incorporated in Northem Ireland. and consequently does nol have share
capital. Each of th¢ trustees is liable to contribute an amouni not exceeding £1 towards ihe assets of the charity
in the event of liquidation.
The address of its registered office is:
71 Taylorsiown Road
Toomebridge
Antrim
BT413RW
These financial statements were authorised for issue by the trustees on 22 April 2024.
2 Aeeounting polieles
Summary of significant aecounting polities and key 9ceountlng es¢lmates
The principal accounting policies applied in the preparation of these financial statements are sel out below.
These policie5 have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounling and Reporting by Charities:
Statement of Recommended Practice applicable lo charitie5 preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January
2015) - (Chariiies SOIiP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008.
Basls of preparatlon
Taylorstown Cross Community Complex Lid m¢ets the definilion of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cosi or transaction value unless otherwis¢ siaied in the
relevant accounting policy noles,
Going concern
The trustees consider that there are no maierial uncertainties about the ¢harity'$ ability to continue as a going
concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow stalement
The charity opled to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash
flow statement in these financial statements.
Income and endowments
All income is recognised once Ihe charity has entiilemenl to the income. it is probabl¢ that the income will be
re¢¢ived and the amount of the income r¢¢eiv¢able Can be measured reliably,
Page 7

Taylorstown Cross Community Complex Ltd
Notes to the Financial Statements for the Year Ended 31 August 2023
Granls receivable
Grants are recognised when the charity has an entitlement to Ihe funds and any conditions linked io th¢ grants
have been mel. Where perforniance conditions are attached to ihe grant and are yet lo be rnet, the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probabl¢
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs lo that category. Where costs cannoi be directly attributed to
particular headings they have been allocaled on a basis consislent with the use of resources. with central staff
costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
her support costs are allocaied based on the spread of slaff costs.
Cliorilable acilvliles
Chariiable expenditure comprises those costs incurred by the charity in the delivery of 115 activities and services
for its beneficiaries. It includes both costs that can be allocated direclly to such aclivilies and those ¢0515 of an
indirect nature necessary to support them.
Government granls
Government grants are recognised based on the accrual model and are measured al Ihe fair value of the a5sel
received or receiveable. Grants are classified as relating eilher lo revenue or to assets. Grants relating to revenue
are recognised in income over the period in which the related costs are retognised. Grants relating to assets are
recognised over the expected useful life of ihe asset.
Taxation
The charity is considered to pa5S the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
Iherefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the
charity is poientially exempt from laxation in respect of income or capital gains received within categories
covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed 8$s¢t$
Individual fixed assels are initially recorded at C05t, less any subsequent accumulated depreciation and
subsequent accumulated impainnenl losses.
Depreciation gnd arnortisation
Depreciation is provided on tangible fixed a55els so as to WTite off the cost or valuation, less any ¢stimaled
residual value, over Iheir expected useful economic life as follows..
Asset class
Plant & machinery
Fixts￿eS & fittings
Land & buildings
Depreciation method and rale
20 % straight line
200/0 straight line
4 % straight line
Stock
Slock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard
for obsolete and slow moving stock5. Cost is deterniined using the first-in, fir5t-oul (FIFO).
Page 8

Taylorstown Cross Community Complex Ltd
Notes to the Financial Statements for the Year Ended 31 August 2023
Fund structure
Unrestricted income funds are general funds thai are available for use at the truslees discretion in furtherance of
the objectives of the charity.
Restricted incomc funds are ihose donated for use in a parti¢ular area or for specific purposes, the use of which
is restricted to that area or purpose.
3 Intome from charitable activities
Unre5trieted
funds
General
Tolal
2023
Total
2022
Education Authority- pre-school funding
NHSCT & BSO milk grant
Education Authority- SUPPOrt
National Lottery Community Fund
Fees
Fundraising
Other income
Bank interest received
49,374
262
4,305
10,000
16,216
4,341
49,374
262
4,305
10,000
16,216
4,341
50,025
200
5,368
10,263
973
64
64
15
84,571
84,571
66.852
Page 9

Taylorstown Cross Community Complex Ltd
Notes to the Financial Statements for the Year Ended 31 August 2023
4 Expenditure on charitablt aetivlties
Charilable
activity Costs
Total
2023
Total
2022
Wages & salaries
EY specialist
Staff training
Water rates
Light, heat & power
Insurance
Repairs & maintenance
Work materials & a¢tivity expenses
Telephone
Website maintenance & design
Printing, postgge & stationery
Sundry expenses
Accountancy & bookkeeping fees
Pension administration expense
Fundraising cosls
Bank char8es
Deprecialion
Government grants released
65,856
1,440
10
505
1,596
1,440
14,951
1,053
1,096
220
213
4,800
,797
250
14
55
6,300
(3,496)
98,100
65,856
1,440
10
505
1,596
1,440
14,951
,053
1,096
220
213
4,800
1,797
250
14
55
6,300
(3,496)
98,100
51,603
,440
2,353
480
1,715
,345
4,513
1,496
951
673
562
5,063
1,716
500
21
6,513
3,496
77,448
Page 10

Taylorstown Cross Community Complex Ltd
Notes to the Financlal Statements for the Year Ended 31 August 2023
S Net ineomingloutgoing resources
Net outgoing resources for the year include..
2023
2022
Depreciation of fixed assets
Government grants r¢l¢ased
6,300
3,496
6,513
3.496
6 Taxation
The charity is a registered charity and is therefore exempt from taxation.
7 Tanglble flxed assets
Land and
buildings
Furniture and Other tanglble
equipment
rixed asset
Tot•1
Cost
At I September 2022
139,981
54,111
1,538
195,630
At 31 August 2023
139,981
54,111
1,538
195,630
Depreciation
At I Sepl¢mb¢r 2022
Charge for the year
88,081
5,599
52,291
701
1,538
141,910
6.300
At 31 August 2023
93,680
52,992
1,538
148,210
Net book value
At 31 August 2023
46.301
1,119
47.420
At 31 Augusi 2022
51,900
1,820
53,720
Included within the net book value of land and buildings above is £46,301 (2022 £51,900) in respect of
freehold land and buildings and £Nil (2022 - £Nil) in respect of leaseholds.
8 Stoek
2023
2022
Siocks
717
1,706
Page I

Taylorstown Cross Community Complex Ltd
Notes to the Financial Statements for the Year Ended 31 August 2023
9 Deblors
2023
2022
Prepayments
Other debtors
561
262
536
155
823
691
10 Cash and cash egulvalenls
2023
2022
Cash at bank
Short-term deposits
863
1,938
2,915
9,882
2,801
12,797
I I Credltors: amounls falling due within one year
2023
2022
Accruals
Deferred income
,457
29,875
1,584
33,371
34,955
31,332
12 Fundg
Balance ai I
September
2022
Incoming
resources
Resources
expended
Balance at 31
August 2023
Unreslricted funds
General
32,615
84,571
(98,100)
19,086
Restricted funds
,343
1,343
Total funds
33,958
84,571
(98,100)
20,429
Page 12

Taylorstown Cross Community Complex Ltd
Notes to the Financial Statements for the Year Ended 31 August 2023
Balanee al I
September
2021
Jncoming
resource$
Resources
expended
Balance at 31
August 2022
Unrestrlcted funds
General
43,212
66.852
(77,448)
32,616
Restrieted funds
,343
1,343
Total funds
44.555
66,852
Page 13