Company registration number: N1036582 Charity registration number.. NICC 32568 Taylorstown Cross Community Complex Ltd (A Company limited by guarantee) Annual Report and Financial Statements for ihe Year Ended 31 August 2024 D T Carson & Co. 51-53 Thomas Street Ballymena Co. Antrim BT43 6AZ AE3JIOKO 2810512025 COMPANIES HOUSE A1S
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Taylor$town Cross Community Complex Ltd Contenls Reference and Administrative Details Tnjstees, Report 2103 Statement of Trustees, Responsibilities Independent Examinevs Report Statement of Financial Activities Balance Sheel Notes.lo the Financial.Statements. 8t0 14
Taylorstown Cross Community Complex Ltd Reference and Administr2tive Details Trustees Sarah Scullin Jessica Graham Michelle Greer Anish Pullan Joanne Campbell Michelle Greer Secretary Charity Registration Number 32568 Company Regis¢ratlon Number N1036582 PrincipAI Office 71 Taylorstown Road Toomebridge AniTim BT413RW Independent Examiner D T Carson & Co. 51-53 Thomas Street Ballymena Co. Antrim BT43 6AZ Bankers Danske Bank 42 High Street Antrim Co Antrim BT414AP Page I
Taylorstown Cross Community Complex Ltd Trustees, Report The tstee$, who are directors for the purposes of company law, preseni the annual report together with the financial statements of the charitable company for Ihe year ended 31 August 2024. Objectlves ond activities Objects and aims The company is a registered charity which seeks to promote the development and education among pre-school children, includin8 the provision of play facilities, in ihe area. Publlc beneflt The tstees confirn) that they have complied with the requirements of (he Charities Act (Northern Ireland) 2008 to have du¢ r¢gard to th¢ public benefit guidance published by ihe Charity Commission for Northern Ireland. Achievements and performanee The main achievement of TaYlorst0 Cross Community Complex Ltd has been it's ability to coniinue to raise the necessary funds lo promote educalion among pre-school children in the area. Financial review The financial resulls for the year are sel out in the financial statements accompanying ihis report. Pollcy on reserves The charity airns to us¢ their income in furtherance of their objectives and any amounts in the unrestricted funds are held to meet any unforseen expenditure that may occur. Princlpalfunding sources The principal funding is received from The Education Authority. PIAn5 for future periods Alms and key objecllvesforfulureperlods The Charity aims to continue the activities, as outlined above, in the forthcoming year. Trustees and officers The trustees and officers serving during the year and since the year end were as follows: Trustees.. Sarah Scullin Jessica Graham (appointed l September 2024) Michelle Greer (appointed l November 2024) Anish Pullan (appointed l November 2024) Joanne Campbell (appointed l November 2024) Finola Swann (resigned 14 October 2024) Lesley Wilson (resigned l November 2024) Page 2
Taylorstown Cross Community Complex Ltd Trustees, Report Secretary: Michelle Greer (appointed l November 2024) Lesley Wilson (resigned l November 2024) Structure* governance and management Nalure ofgovernlng document Taylorstown Cross Community Complex is a company limited by guarantee and is also a registered charity. For the pUoSeS of Charity Law, the directors are trustees of ihe Charity. Small eompanies provlslon $la¢emenl Thts report has been prepared in accordance with the small companies regime under the Compani¢s Act 2006. Page 3
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 company law) are responsible for preparing the trustees, report and the financtal statement5 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Jreland" The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial statements 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 resources and application of resources, includin8 its income and expenditure, of the charilable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounling standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial siatemenls. and prepare the financial staiements on the going concern basis unle55 it is inappropriate to presume Ihat the charitable company will continue in business. The tte¢S are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial slalements comply with the Companies Acl 2006, and Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of Ihe charitable company and hence for taking reasonable steps for the prevention and deteclion of fraud and other IegUlar1tieS. The trustees are responsible for th¢ maintenance and integrity of the corporate and financial infomialion included on the charitable company's websile. L¢gi51ation gov¢rning ihe preparation and diss¢mination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 30 April 2025 and signed on its behalf by.. Michelle Gr Company se etary and trustee Page 4
Taylorstown Cross Community Complex Ltd Independent Examiner's Report to the trustees of Taylorstown Cross Community Complex Ltd ('the Company,) I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. Responsibilities and basis of report As the charity's trustees of Taylorstowm Cross Community Complex Ltd (and also its directors for the purposes of company law) you arc responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having salisfied myself that the accounts of Taylorstown Cross Community Complex Ltd are nol required to be audilcd under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 65 of th¢ Charities Act (Northern Ireland) 2008. In carying out my examination I have followed the Directions 8iv¢n by the Charity Commission for Northern Ireland under section 65(9)(b) of Ihe Charities Act. Independent exgminer's statement I have completed my examination. I confimi that no matters hav¢ come to my attention in connection with the examination giving me cause to believ¢., l. accounting records were not kepi in respect of Taylors1o Cross Community Complex Ltd as required by section 386 of the 2006 Act. or 2. the a¢counts do not accord with those r¢¢ords' or 3. the accounts do not cornply with the accounring requirements of section 396 of th¢ 2006 Act other than any requirement that the accounts Bive 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 Ihe methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [appli¢able ¢0 charities preparing their accounts in accordance wirh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no ¢oncerns and have come across no other matters in connection with the examination to which attentio'n should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Mr James Wallace The Institut¢ of Chartered Accountants in Ireland 51-53 Thomas Street Ballymena Co. Antrim BT43 6AZ 30 April 2025 Page 5
Taylorstown Cross CommunAty Complex Ltd Statement of Financial Activities for the Year Ended 31 August 2024 Uncluding Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) Unr¢strict¢d lunds Restricted funds Total 2024 Nole Income and Endowments frorn: Charitable aclivities 76,913 76,913 Total income 76,913 76,913 Expenditure on: Charitable aclivities 80,558) (80,558) Total expenditure 80,558 80,558) Net expenditure 3,645 (3,645 Net movement in funds (3,645) (3,645) R¢¢onciliAtlon of funds Total ndS brought forward Total fimds carried for4¥ard 19,086 ,343 1,343 Restricted funds 20,429 12 15.441 Unrestricted fund5 16,784 Total 2023 Note Income And Endowments from: Charitable activities 84,571 84,571 Total income 84,571 84,571 Expenditure on: Charitable activilie5 (98,100) 98,100) Total expenditure Net expenditure Net movement in funds 98,100 (98,100) 13,529) 13,529 (13,529) (13,529) Reconciliation of funds Total funds brought forward Total funds carried forward 32,615 ,343 33,958 12 19,086 1,343 20,429 All of the charity's activities derive from continuing operations durin8 the above two periods. Th¢ funds breakdown for 2023 is shown in note 12. The notes on pages 8 to 14 forni an integral part of these financial statements. Page 6
Taylorstown Cross CommuDAty Complex Ltd (Registration number: N1036582) Balance Sheet as at 31 August 2024 2024 2023 Note Fixed assets Tangible assets 41,236 47,420 Current assets Siocks Debtors Cash at bank and in hand 50 437 5,248 717 823 2.801 10 5,735 4,341 Creditors: Amounts falling due withln one year 30,187 31,332 Net eurrent Ilabllilies 24,452 26,991 Net assels 20,429 Funds of the charity: Réstrleted In¢ome funds Restricted funds 1,343. 1,343 Unrestricted income funds Unrestricted funds 15,441 19,086 Total funds 12 16,784 20,429 For ihe financial year ending 31 August 2024 the charity was entitled to exemption from audit under section 477 of.the Companies Aci 2006 relatin8 to small companies. Directors, responsibilities.. The members have not required th¢ ¢harity to obtain an audit of its accounts for the year. in question in accordance with seciion 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in. accordance with the special" provisions relating to ¢ompani¢s subjeci to the small companies regime within Pan 15 of the Companies Act 2006. The financial statements on page5 6 to 14 were approved by the trustees, and authorised for issue on 30 April 2025 and signed on their behalf by.. Jessica Graham Trustee The notes on pages 8 to 14 fomi an integral part of these financial statements. Page 7
Taylorstown Cross Community Complex Ltd Note$ to the Financial Statements for the Year Ended 31 August 2024 I Charity status The charity is limited by guarantee, incorporated in Northern Ireland. and consequently does not have share apital. Each of the trusiees is liable to contribule an amount not exceeding £1 towards the assets of the charity in ihe event of liquidation. The addres5 of its registered office is: 71 Taylorstown Road Toomebridge Antrim BT413RW These financial statements were authorised for issue by the trustees on 30 April 2025. 2 Accounting policies Summary of slgnlfieant iccountlng pollcles and key accounting e5tlmates The principal accounting policies applied in the preparation of these financial 5tatem¢nts are set oui below. These policie5 have been con5)Stently applied to all the years presented, unless otherwise stated. Statement of compliance The financial siatements have been prepared in accordance with. Accountin8 and Reporting by Charities.. Ststement of Recommended Practice applicable lo charities 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 SORP (FRS 102)), the Financial Reporting Standard applicable'in the UK and Republic of Ireland (FRS 102). They a150 comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008. Blsis of preparation Taylorstown Cross Community Complex Lid meets the definition of a public benefil entity under FRS 102. Asseis and liabilities are initially recognised at hislori¢al cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainlies about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carying value of assets held by ihe charity. Ineome and endowmenls All incorne 15 recognised once the charity has entitlement to the income, it is probable that the incom¢ will be received and the amount of the income receiveBble be measured reliably. Granls receivable GTants are recognised when the charity has an entitlement to the fund5 and any conditions linked to the grants have been met. Where perfonnance conditions are attached to the grant and are yet lo'be mel, the income is recognised as a liability and included on ihe balance sheet as deferred income to be released. Page 8
Taylorstown Cross Community Complex Ltd Notes to the Financial Statements for the Year Ended 31 August 2024 Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable sertlement is required and the amount can be measured reliably. All costs arc allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent 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. Other support costs are allocated based on the spread of staff costs. Cliarliable ac¢lvl¢les Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and servic¢s for its beneficiarie5. It includes both costs that can be allocaled directly (o such activities and those Costs of an indirect nature necessary to support them. Covernment grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receiveable. Granls are Classified as relatin8 either to revenue or to a5s¢1s. Grants relating to revenue are recognised in income over the period in which the r¢lated costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Taxalion The charity is considered to pass Ihe tests sel out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporaiion tax purposes. Accordingly, Ihe charity is potentially exempt from taxation 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 A¢1 1992, lo the extent that Such income or gains are applied exclusively to charitable purposes. Tanglble flxed assets Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impaimienl losses. Depreeiation and amortisation Depreciation is provided on thngible fixed assets so as 10 write off the cost or valuaiion, less any estimated residual value, over their expected useful econornic life as follows: Asse¢ Class Plant & machin¢ry Fixtures & fittings Land & buildings Depreciation method and r8le 200/0 Straight line 200/0 Straight line 4 % straight line Stock Stock is valued at the lower of cost and estimaled selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is deterniined using the firsl-in, first-out (FIFO). Fund structure Unrestricted income funds are general funds Ihal ar¢ available for use at the trustees discretion in fiheranC¢ of the objectives of the charity. Pa8e 9
Taylorstown Cross Community Complex Ltd Notes to the Financial Statements for the Year Ended 31 August 2024 Restricted income funds are those donated for use in a particular area or for specifiG purp05es, the use of which is restricted to that area or purpose. 3 Ineome from charitable activities Unrestricted funds General Total 2024 Total 2023 Education Authority- pre-school funding NHSCT & BSO milk granl Educalion Authority- support National Lottery Community Fund Fees Fundraising Other income Bank interesi received 45,150 197 12,233 45,150 197 12,233 49,374 262 4,305 10,000 16,216 4,341 11,806 7,456 10 61 11,806 7,456 io 61 76,913 76,913 84,571 Page 10
Taylorstown Cross Community Complex Ltd Notes to the Financial Statements for the Year Ended 31 August 2024 4 Expenditure on eharilable att'ivities Charitable activity costs Total 2024 Total 2023 Wages & salaries EY specialist Staff training Water rates Light. heat & power Insurance Repairs & maintenance Work materials & activity expenses Telephone Website maintenance & design Printing, postage & stationery Sundry expenses Accountancy & bookkeepin8 fees Pension administration expense Fundraising costs Bank charges Depreciation Government grants released 65,588 .440 315 523 758 1,448 1,587 891 1,134 235 79 1,708 1,867 250 65,588 1,440 315 523 758 1,448 1,587 891 1,134 235 79 1,708 1,867 250 65,856 1,440 10 505 1,596 1,440 14,951 1,053 1,096 220 213 4,800 1,797 250 14 55 6,300 3,496 47 6.184 3,496 47 6,184 3.496 80,558 80,558 98,100 Page 11
Taylorstown Cross Community Complex Ltd Notes to tbe Financial Statements for the Year Ended 31 August 2024 5 Ntt IncominOut80ln8 resources Net outgoing Tesources for the year include.. 2024 2023 Deprecialion of fixed assets Government grants released 6.184 3,496 6,300 {3,496) 6 Taxalion The Charity is a registered charity and is therefore exempt from taxation. 7 Tangible fixed assets Land and buildings Furniture and Other tangiblt equipment rixed a55et Total Cost Al I S¢ptember 2023 139,981 54,111 1,538 195,630 Al 31 August 2024 139,981 54,111 1,538 195,630 Depreeiation At I September 2023 Charge for the year 93,680 5,599 52,992 1,538 148,210 6,184 At 31 August 2024 99.279 - 53,577 ,538 154,394 Net book v&lue Al 31 August 2024 40,702 534 41,236 Al 31 August 2023 46.301 47.420 Included within the net book value of land and buildings above is £40,702 (2023 - £46,301) in respect of freehold land and buildings and £Nil (2023 £Nil) in respect of leaseholds. 8 Stock 2024 2023 Stocks 50 717 Page 12
Taylorstown Cross Community Complex Ltd Notes to the Financial Statements for the Year Ended 31 August 2024 9 Debtors 2024 2023 Prepayments Other deblors 241 196 561 262 437 823 10 Cash And cash equivalenls 2024 2023 Cash on hand Cash at bank Short-tern) deposits 200 809 4,239 863 1,938 5,248 2,801 I I Credltors: amounts falllng due wS¢hln one year 2024 2023 Accruals Deferred income 3,808 26.379 1,457 29.875 30,187 31,332 J2 Funds Balance at I September 2023 IntominE resourees Resoure"es expended Balance at 31 Augus¢ 2024 Unrestricted funds General 19,086 76,913 (80,558) 15,441 ,343 Restrleled funds ,343 Total funds 20,429 76,913 80,558 16,784 Page 13
Taylorstown Cross Community Complex Ltd Notes to the Financial Statements for the Year Ended 31 August 2024 Balance at I September 2022 Incoming resources Resources expended Balance at 31 Augu$1 2023 Unrestricted funds General 32,615 84,571 (98.100) 19,086 Restricted funds 1,343 ,343 Total funds 33,958 84,571 98,100 20,429 Page 14