Company reglstration number: N1036715
Charity registration number: NICI 03435
Taughmonagh Community
Forum Limited
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2023

Taughmonagh Community Forum Limited
Contents
strategic Report
Trustees, Report
2to7
Independent Examinerfs Report
8109
statement of Financial Activities
10
Balance Sheet
Notes to the Financial Statements
13to23

Taughmonagh Community Forum Limited
strategic Report for the Year Ended 31 March 2023
The trustees, who are directors for the purposes of company law, present their strategic
report for the year ended 31 March 2023, in compliance with s414C of the Companies Act
2006.
Flnanclal revlew
The trustees are disappointed wifh the financial performance of the charTty during the year,
This is partially due to the continued fallout from the COVID 19 pandemic. coupled with the
increasing challenges facing similor charities operating in the vacuum of the absence of a
functioning government at S*ormont. The trustees anticipate that these deficits can, with
appropriate funding in ploce, pul the charity onto an improved financial platform.
Policy on reserves
It is the policy of the charity that unrestricted funds which have not been designated for a
specific use should be maintained at a level equivalent to between three and six months
expenditure. The trustees consider that reserves at this level will ensure Ihat, in the event of a
significant drop in funding, they will be able to continue the charity's current activities while
consideration is given to ways in which additional funds may be raised. This level of reserves
has not been maintained throughout the year.
Funds In deficlt
As noted earlier, the trustees are disappointed with the financial performance of the charity
during the year. This is partially due to the continuing follout from the COID 19 pandemic,
coupled with the increasing challenges facing similar charities operating in the vacuum of
the absence of a functioning government at stormont. The trustees anticipate that these
deficits can, with appropriate funding in place, put the charity onto an improved financial
platform.
Prlnclpal fundlng sources
The charity generates Ihe majority of its income from the operation of its Scribbles day
nursery.
The major external funders are Belfast City Council, Sure Start, Department for Communities
ond Nl Housing Executive.
An oveNiew of how these funds have been utili5ed is shown in the Statement of Financial
Activities ond the related notes.
The strategic report was approved by the trustees of the charity on 14 November 2023 and
signed on its behalf by:
Mrs C Hanna
Company secretary and trustee
Page I

Taughmonagh Community Forum Limited
Trustees, Report
The trustees, who are directors for the purposes of company law, present the annual report
together with the financial statement5 and ouditors, report of the charitable company for the
year ended 31 March 2023.
Objectlves and actlvltles
Objects and alms
The objects of the charity are to promote the benefit of the inhabitants of Taughmonagh
without distinction of sex, sexual orientation, race. or of political. religious or other opinion5. by
association together the said inhabitants and the local authorities, voluntary and other
organisations in a common effort to advance education and to provide facilities in the
interests of social welfare for recreation and leisure time occupation with the object of
improving the conditions of life for the said inhobitants.
The charity aims to organise senior citizens activities, provide support regarding benefits and
rfghts, address local housing issues, inprove the local environment, make the community a
saferf, place, improve education in the area and provide interaction between business and
the local community. It also runs a youth programme, educational programmes, supporfs the
local social club and operates a community resource centre which will provide generol
information to residents of the local area. The charity provides a day nursery, a creche and a
playgroup which aim to make childcare affordable ond give opportunity for parents to seek
work. The charfty also run5 various health initiatives and employs a part time health worker to
address health issues.
Oblecllves. stralegles and actlvltles
The charity has successfully developed strong links with Belfast City Council and lh8 Belfast
Health Trust to ensure the sustainobility of its programmes. It has also initiated strong
partnerships with the Benmore and Annadale communities to support its role of a networking
orgonisotion, promoting its long term sustoinability. Youth programmes have expanded and
cross border links with Manorhamilton in Country Leitrim have supported a developing
communities relations role. The day nursery has now been opened for more than ten years.
The charity obtained planning permission and secured OFMDFM for tunding a £1 m capitol
build to support nursery expansion, create a health centre and an additional gym, sports hall
and meeting rooms. Work commenced on this project in mid 2017 and wa5 completed in
2019.
The charity has conlinued to engage and sought to update its health and safety policies.
human resource management and financial procedures.
Page 2

Taughmonagh Community Forum Limited
Trustees, Report
Publlc beneflt
The chority's Vision is for a sustainable, safer and healthier local community.
The charity's approach ond model brings about concurrent social, economic and
environmental benefits, providing the synergy to address fundamental societal issues, In
order to achieve this, the charity is in constant contact with the local residents and wider
community in order to communicate the oims and objectives of the charity. This process also
gives opportunities for the residents and wider community to petition the charity with ideas
and suggestions to aid and benefit the locale.
The trustees confirm that they have complied with the requirements of section 4 of the
Charities Act 2011 to have due regard to the public benefit guidance published by the
Charities Commission for Northern Ireland.
In line with its stated aims and objectives, as noted above. the trustees are confident thot the
charity is undertaking aclivities which provide public benefit to those who avail of its services
and facilities.
Use of volunteers
The charity used appoximately twenty volunteers per week during the year, each working
etween one ond six hours per week. Volunteer mainly worked with senior citizens, youth and
children. The charity acknowledges the valuable contribution that volunteers make to its
activities,
Golng concern
The financial statements hove been prepared under the assumption that the charity will
conlinue to operate as a going concern, As a result ofthe current and some historical
deficits, the charity is reliant upon the continued support of its funder5. In view of the current
deficit, there exists some unease with going concern, However, once the impact of the
COVID 19 pandemic has ceased and with the anticipated impact of the Healthy Business
Centre, the trustess are confident that this support will continue for the foreseeoble future.
Furthermore, it is hoped that the cu￿ent political impasse at stormont will reach a cessation
and improved funding structures will be put in place, The trustees have prepared financial
projections which give some comfort on the financial performance of the charity.
Additionally, the trustees are currently taking steps to refocus the strategic direction of the
charity in order to address the financial position. On this basis, the trustees believe it is
appropriate to prepare the financial statements on a going concern basis.
Page 3

Taughmonagh Community Forum Limited
Trustees, Report
Relerence and Admlnistratlve Details
Charity Registration Number:
NICI 03435
Company Registration Number: N1036715
The charity is incorporated in Northern Ireland.
Registered Office",
19-21 Finwood Park
Taughmonagh
Belfast
BT9 6QR
Solicitors,.
Nelson Singleton
21 Gallows Street
Dromore
Co. Down
BT25 1 BG
Bankers:
U15ter Bank Limited
183 Kingsway
Dunmury
Belfast
BTI 7 9AH
Trustees and offlcers
The trus*ees and officers serving during the year and since the year end were as follows:
Trustees:
Mr N Earle
Mr E Henderson
Mr H Smith Iresigned I l May 20221
Mr WG Meehan
Mrs C Hanna
Secretary:
Senior Management /
Leadership Team:
Mrs C Hanna
Mr C Reid, Project Manager
Ms R Pritchard, Finance Manager
strvcture, governance and management
Nature of governlng document
The charity is a company limited by guarantee, governed by its Memorandum and Articles of
Asociation. It has been granted charitable status by The Charity Commission for Northern
Ireland under registrotion number NICI 03435.
Page 4

Taughmonagh Communlty Forum Llmlted
Trustees, Report
Recruitment and appolntment of trustees
If apropriate, new trustees are invited onto the Board at the annual general meeting. There
are no specific requirements regarding skills or experience. However, the current trustees
recognise the importance of a diverse and competent Board and this will impact upon any
nomination. Those who are invited, will be involved with Toughmonagh Community Forum
and will be held in high regard for their work.
Inductlon and Iraining of trustees
New trustees receive appropriate induction procedures and training upon appointment.
Arrangements lor $ettlng key management per$onn•l remuneratlon
No trustees receive any remuneration.
Organlsatlonal sfructure
The trustees are responsib16 for the doy to day running of the charity. The trustees meet
between eight and ten limes annually to discuss financial and strategic issues. pollcy and
procedures decisions and to ratify significant legally binding decisions.
The trustees have assessed the mojor risks to which the charity is exposed and are satisfied
that systems are in place to mitigate exposure to the major risks.
Page 5

Taughmonagh Communlty Forum Llmlted
Trustees, Report
Flnanclal Instruments
Objectlves and policies
The charity's activities expose it to a number of financial risks including credit risk, cash flow
risk and liquidity risk. The use of financial derivatives is governed by the charity's policies
approved by the board of trustees, which provide written principles on the use of financial
derivatives to manage these risks. The charity does not use derivative financial instruments for
speculative purposes.
Cash flow rlsk
The charity's activities expose it primarily to the financial risks of changes in foreign currency
exchange rates and interest rates. The charity uses foreign exchange forward contracts and
interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credll rfsk
The charity's principol financial assets are bank balances and cash, trade and other
receivables, and investments.
The charity's credit risk is primarily attributable to its trade receivables, The amounts
presented in the balance sheet are net of allowances for doubtful receivables. An
ollowance for impairment is made where there is an identified loss event which, based on
previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the
counterparties are banks with high credit-ratings assigned by international credit-rating
agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large
number of counterparties and customers.
Uqvidily rf$k
In order to maintain liquidity to ensure that sufficient funds are available for ongoing
operations and future developments. the charity uses a mixture of long-term and short-term
debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in
the financial statement5.
statement of tru5tee5' responsibllitles
The trustees Iwho ore also the directors of Taughmonagh Community Forum Limited for the
purposes of company lawl are responsible for preparing the trustees, report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards
Iunited Kingdom Generally Accepted Accounting Practice), including FRS 102 'The Finoncial
Reporting Standord applicable in the UK and Republic of Ireland"
Company law requires the trustee5 to prepare financial statements for each financial year.
Under compony law the trustees must not approve the finonciol statements unless they are
sotisfied that they give a true and fair view of the state of affairs of the charitable company
and of fhe incoming resources and application of resources, including its income and
expenditure, of the charitable company for that period. In preparing these financial
statements, the trustees are required to:
Page 6

Taughmonagh Communlty Forum Limited
Trustees, Report
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 accounting standards, comprising FRS 102 hove been followed,
subject to any material departures disclosed and explained in the financial statements;
and
prepare financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disc105e with
reasonable accuracy at any time the financial position of the charitable company and
enable them to ensure that the finoncial statements comply with the Companies Act 2006.
They are also responsible for safeguording the assets of the charitable company and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustee5 are responsible for the maintenance and integrity of the corporate and financial
infomiation included on the charitable company's website. Legislation governing the
preparation and dissemination of financial statements may differ from legislation in other
jurisdictions.
The annual report was approved by the trustees of *he charity on 14 November 2023 and
signed on its behalf by:
Mrs C Hanna
Company secretary and trustee
Page 7

Taughmonagh Community Forum Llmlted
Independent Examlner's Report to the trustees of Taughmonagh Community
Forum Llmited ('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the
year ended 31 March 2023.
Responslblll*les and basls of report
As the charity's tru5tee5 of the Company land also its directors for the purposes of company
lawl you are responsible for the preparation of the accounts in accordance with the
requirement5 of the Companies Act 20061'the 2006 Act'i.
Having satisfied myself that the accounts of the Company ore not required to be audited
under Part 16 of the 2006 Act and are eligible for independent exominafion. 1 report in
respect of my examination of your charity's accounts as carried out under section 145 of the
Chorities Act 2011 I'the 2011 Act'l. In carying out my examination I have followed the
Directions given by the Charity Commission under section 14515llbl of the 2011 Act.
Page 8

Taughmonagh Community Forum Llmlted
Independent Examlner's Report to the trustees of Taughmonagh Communlty
Forum Llmlted ('the Company,)
Independent examlner'$ statement
Since Taughmonagh Community Forum Limited's gross income exceeded £250,000 your
examiner must k)e a member of a body listed in section 145 of the 2011 Act. I confirm that I
am qualified to undertake the examination because l am a member of Chartered
Accountants Ireland, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in
connection with the examination giving me cause lo believe:
l. accounting records were not kept in respect of Taughmonagh Community Forum
Limlted 05 required by section 386 of the 2006 Act,. or
2. the accounts do nol accord with those records; or
3. the accounts do not comply with the occounting requirements of section 396 of the
2006 Act other thon any requirement that the accounts give a 'lrue 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 Statemenl of Recommended Practice for accounting and reporting by charities
lapplicable to chorities preparing their accounts in occordance with the Financial
Reporting Standard applicable in the UK and Republic of Irelond IFRS 10211.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of
accounts to be reached.
George T Roberts FCA
Chartered Accountant
Suite 721
Lisburn Enterprise Centre
6 Enterprise Crescent
Lisburn
Co. Antrim
BT28 2BP
14 November 2023
Poge 9

Taughmonagh Communlty Forum Limited
Statement of Flnanclal Activities for the Year Ended 31 March 2023
(Including Income and Expenditure Account and Statement of Total
Recognlsed Galns and Losses)
Unreslrlcted
lunds
Total
2023
Note
Income and Endowments from:
Charitable activities
324,391
324,391
Total income
324,391
324,391
Expendlture on:
Charitable activities
357,331
357.331
Total expenditure
357,331
357,331
Net expenditure
32.940
32,940
Net movement in funds
132,9401
132,9401
Reconclllatlon of tunds
Total funds brought forward
8,249
8,249
Totol funds carried forward
15
24,691
Unrestrlcted
funds
24,691
Total
2022
Not•
Income and Endowments from:
Charitable activities
348,132
348,132
Total income
348,132
348,132
Expendlture on:
Choritable activities
358.793
358,793
Total expenditure
358,793
358,793
Net expenditure
10,661
10,661
Net movement in funds
110,6611
110,6611
Reconclllatlon of funds
Total funds brought forward
Total funds carried forward
18,910
18,910
15
8,249
8.249
All of the charity's activities derive from continuing operations during the above periods.
The funds breakdown for 2022 is shown in note 15.
The notes on pages 13 10 23 form an integral part of these financial statemenls.
Page 10

Taughmonagh Community Forum Limlted
(Reglstratlon number: N1036715)
Balance Sheet a5 at 31 March 2023
2023
2022
Note
Flxed a$set5
Tangible assets
905.411
965,342
Current assets
Debtors
Cash at bank and in hand
12
2,597
543
34.862
3.140
34,862
Credltofs: Amounts lalllng due wlthln one year
13
26,968
25,692
Net curfent (Ilabllltles)/assets
23,828
9,170
Total assets less currenl liabllltles
881,583
974,512
CredEtors: Amounts folllng due atter more than one year 14
906,274
966,263
Net (Ilabllltles)/assets
24,691
8.249
Funds of the charSty:
Unrestrlcted Income funds
Unrestricted funds
24,691
8,249
Total funds
15
24,691
8,249
The notes on pages 13 to 23 form an integral port of these financia5 statements.
Pagell

Taughmonagh Communlty Forum Limited
(Registration number: N1036715)
Balance Sheet as at 31 March 2023
For the financial year ending 31 March 2023 the charify wa5 entitled lo exemption from audit
under section 477 of the Companies Act 2006 relating to small companie5.
Directors, responsibilities:
The members have not required the chority to obtain an audit of its accounts for the year
in question in accordance with section 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.
The financial statements on poges 10 to 23 were approved by the trustees, and authorised
for issue on 14 November 2023 and signed on their behalf by:
Mr N Earle
Trustee
YJ ft7eEI
Mr WG Meehan
Trustee
The notes on pages 13 to 23 form an irntegral part of these financial Statements.
Poge 12

Taughmonagh Communlty Forum Limited
Notes to the Flnanclal Statements for the Year Ended 31 March 2023
I Charify status
The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does
not have share capital. Each of the trustees is liable fo conlribute an amount not exceeding
£1 towards the assets of the charity in the event of liquidotion.
The address of its registered office is:
19-21 Finwood Park
Taughmonagh
Belfast
BT9 6QR
These financial statements were authorised for issue by the trustees on 14 November 2023.
2 Accountlng pollcles
Summary of slgnlfi¢ant accountlng pollcles and key accountlng estlmates
The principal accounting policies applied in the preparation of these financial stotements
are set out below. These policies have been consistentSy applied to all lh8 years presented,
unless othetwise stated.
statement of compllonce
The financial statements have been prepared in accordanc8 with Accounting and
Reporting by Charities: Statement of Recommended Practice (applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 10211 lissued in October 20191- (Chorities SORP IFRS 10211,
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and
the Companies Act 2006.
Basls of preparotlon
Taughmonagh Community Forum Limited meets the definition of o public benefit entity
under FRS 102. A55ets and liabilities are initially recognised at historical cost or transaction
value unless otherwise Stated in the relevant accounting policy notes,
Page13

Taughmonagh Communlty Forum Llmlted
Notes to the Flnanclal Statements for the Year Ended 31 March 2023
Golng concern
The finoncial statements have been prepared under the assumption that the charity will
continue to operate as a going concern. A5 a result of recent historical deficits, the charity's
reserves have been depleted. There is a material uncertainty related to these events that
may cast significant doubt on the chorify's ability to continue 05 0 going concern and.
therefore. may be unable to realise its assets and discharge its liabilities in the normal course
of business. The charity is reliant upon the continued support of its funders. The trustees are
confident that this support will continue for the forseeable future. The trustees have prepared
financial projections and these provide them with some comfort on the fulure finonciol
perfomance of the charity. Additionally, the trustees are currently taking steps to refocus the
strategic direction of the charity in order to address the financial position. Clearly the recent
opening of the Healthy Business Centre Is a key step for the trustees in achieving o return to a
healthy financial position. On this basis, the trustees believe it is appropriate to prepare the
financial 5tatement5 on a going concern basis.
Income and endowments
Incoming resources ore recognised when the conditions of entitlement, certalnfy and
meosurement, as specified in the SORP, are met.
Granls receivable
Grants, which provide core funding, are to used in the furtherance of the charity's objectives
generally.
Charltable acrfvltles
Incoming resources from charitable activities include monies received for the provision of
charitable services, ond grants received for the provision of specific services.ln the opinion of
the trusttes, all gronts received have been used for their intended purposes.
Expendlture
Liabilities are recognised as resources expended as soon as there is a legal or constructive
obligation committing the charity to the expenditure.
Raising funds
Costs of generating funds are the costs associated with generating incoming resources from
all sources other thon from undertaking charitable activities.
Charitable activities
Direct charitable expenditure is that which is directly in furtheranc8 of the charity's objects.
Support costs
Support costs include central functions and have been allocated to activity cost categories
on o bosis consistent with the use of resources, for example, allocating property costs by floor
areas, or per capito, staff costs by the time spent and other costs by their usage.
Poge 14

Taughmonagh Communlty Forum Llmlted
Notes to the Flnanclal Statements for the Year Ended 31 March 2023
Governance costs
These include the costs attributable to the charity's compliance with constitutional and
statutory requirements, including accounting, strategic management and trustees meetings
and reimbursed expenses.
Taxatlon
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance
Act 2010 and therefore it meets the definition of a chariloble company for UK corporation
tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of
income or capital gain5 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 goins are applied exclusively to charitable purposes,
Tonglble flxed assets
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreclalfon and amortlsatlon
Depreciation is provided to write off the cost, less estimated residual value. of each asset
over its expected useful life, at the onnual rate of 5% straight line.
Trade debtors
Trad8 debtors are amounts due from customers for merchandise sold or services performed
in the ordinary course of business.
Trade debtors are recognised initlally at the transaction price. They are subsequently
measured at amortised cost using the effective interest method, less provision for impairment.
A provision for the impairment of trade debtors is established when there is objective
evidence that the charity will not be able to collect all amounts due according lo the
original terms of the receivables.
Cash and cash equlvalent$
Cash and cash equivolents comprise cash on hand and call deposits. and other short-term
highly liquid investments that are readily convertible to a known amount ot cash and are
subject to an insignificant risk of change in value.
Page 15

Taughmonagh Community Forum Llmlted
Notes to the Financial Statements for the Year Ended 31 March 2023
Borrowings
Interest-bearing borrowings are initially recorded at foir value, net of transaction costs.
Interest-beoring borrowings are subsequently carried at omort15ed cost, with the difference
between the proceeds, net of transaction costs, and the amount due on redemption being
recognised as a charge to the Statement of Financial Activitie5 over the period of the
relevont borrowing.
Interest expense is recogn15ed on the basis of the effective interest method and is included in
interest payable and similor charges.
Borrowings are classified as current liabilities unless the charity has an uncondilional right to
defer settlement of the liability for ot least twelve months after the reporting dafe.
Fund strudure
Unrestricted funds are general funds that are available for use at the trustee's discretion in
furtherance of the objectives of the charity.
Restricted funds are subject to specific conditions by donors and funders as to how they may
be used. The purposes and uses of restricled funds are set out in the notes lo the financial
statements.
Page16

Taughmonagh Community Forum Llmlted
Notes to the Flnanclal Statements for the Year Ended 31 March 2023
3 Income from charilable actlvltles
Unrestrlcted
funds
General
Total
2023
Scribbles day nursery
Belfast City Counci
Bollynafeigh Community Development
other income
Communify foundation
293,953
24,245
500
4.006
1,687
293,953
24,245
500
4,006
1,687
324,391
324,391
Unrestrlcted
funds
General
Total
2022
Scribbles day nursery
Belfast City Council
Ballynofeigh Community Development
other income
Rental income
Foward south partnership
296,463
23,500
900
13,769
12,000
1 ,500
296,463
23,500
900
13,769
12,000
1,500
348,132
348,132
Page17

Taughmonagh Community Forum Llmlted
Notes to the Financial Statements for the Year Ended 31 March 2023
4 Expénditure on charitable actlvltles
ActSvlty
support Costs
2023
Slaff salaries & redundancy
Travelling
Premises costs
Insurance
Repair5 & maintenance
Administration costs
Programme costs
Marketing
ank interest & charges
Depreciotion
Release of capital grants
272,710
5,073
13,962
5.913
5.364
6,969
43,292
1.332
794
59,931
59.989
272,710
5,073
13,962
5,913
5,364
6.969
43,292
1,332
794
59,931
59,989
355,351
Actlvlty
SUPPOrt costs
355,351
2022
Staff salaries & redundoncy
Premises costs
Insurance
Repairs & maintenance
Administration costs
Programme costs
Marketing
Bank interest & charges
Depreciation
Release of capital grants
262,292
13,567
7,391
8,768
7,561
56,316
576
580
59,931
59,989
262,292
13,567
7,391
8,768
7,561
56.316
576
580
59,931
59.989
356,993
356,993
In addition to the expenditure analysed above, there are also governance costs of £1,980
12022- £1,800) which relate directly tc charitoble activities. See note 5 for further details.
Page 18

Taughmonagh Community Forum Llmlted
Notes to the Financial Statements for the Year Ended 31 March 2023
5 Analysls ot governance and support cost$
Governance costs
Unrestrlcted
funds
General
Total
funds
Allocated support costs
1,980
1,980
Total for 2023
1,980
1,980
Tolal for 2022
1,800
1,80)
6 Government grants
The charity Is in receipt of government revenue grants cluring the year. These grants have
been received from Belfast City Council.
The amount of grants recognised in the financial statements was £24,24512022- £23,500).
7 Net Incomlng/oulgolng resources
Net outgoing resources for the year include:
2023
2022
Depreciation of fixed assets
Release of capitol grants
59,931
59.989
59,931
59,989
8 Trustees remuneratlon and expenses
DurTng the year the charily made the following transactions with trustees:
Mr N Earle
£50712022: £7481 of expenses were reimbursed to Mr N Earle during the year.
No trustee5, nor any persons connected with them, have received ony remuneration from
the chority during the yeor.
Page 19

Taughmonagh Communlty Forum Llmited
Notes to the Flnanclal Statements for the Year Ended 31 March 2023
9 Staff costs
The monthly average number of persons (including senior management / leadership team)
employed by the charity during the year expressed as full time equivalents was as follows..
2023
2022
No
No
Administration and support staff
14
14
Contributions to the employee pension schemes for the year totalled £4,21812022 - £3,623),
No employee received emoluments of more than £60,000 during the year.
10 Taxatlon
The charity is a registered charity and is therefore exempt from taxotion.
I l Tanglble ftxed assets
Land and
bulldlngs
Total
Cost
At l April 2022
1,198,618 1,198,618
At 31 March 2023
1,198,618 1,198,618
Depreclatlon
At l April 2022
Charge for the year
233,276
59,931
233.276
59,931
At 31 March 2023
293.207
293,207
Net book valve
At 31 March 2023
905,411
905.411
At 31 March 2022
965,342
965.342
Included within the net book value of lond and buildings above is £Nil12022 £Nill in respect
of freehold land and buildings and £905,411 12022 - £965,342) in respect of leaseholds.
Page 20

Taughmonagh Communlty Forum Limited
Notes to the Flnanclal Statements for the Year Ended 31 March 2023
Restrlctlon on title and pledged as securlty
Land and buildings with a carrying omount of £905,411 12022 - £965,342) has the following
restriction on title:
The Executive Office hos registered a ten year fixed charge on lands in a conveyance of
12th April 2017 adjacent to 27 Finwood Park, Belfost, lands in an assignment of 12th April 2017
situate on the north side of Finwood Park and west side of Malfin Drive in the city of Belfast.
lands and premises in a lease of I st August 2015 known as 25127 Finwood Park, Belfost ond
londs and premises in a conveyance of 12th April 2017 adjacent to 27 Finwood Park. Belfast.
12 Debtors
2023
Trade debtors
2,597
13 Credltors: amounts fallln9 dve wlthln on• year
2023
2022
Bank overdrafts
other taxotion and social security
Accruals
11,977
3,170
11,821
8,500
3,068
14,124
26,968
25,692
Page 21

Taughmonagh Community Forum Limited
Notes to the Flnanclal Statements for the Year Ended 31 March 2023
2023
2022
Deferred income at l April 2022
Amounts released from previous periods
Deferred income at year end
1966,2631
59,989
11,026,252)
59,989
906,274
966,263
14 Credltors: amounts falling due after one yeor
2023
2022
Deferred income
906,274
966,263
15 Funds
Balance at
31 March
2023
Balance at I
Aprll 2022
Incomlng
resources
Resourcei
expended
Unrestrlcted funds
General
8.249
357,331
24,691
Balanc• at
31 March
2022
Balance at I
Aprll 2021
IncomSng
resources
Resources
expended
Unrestrlcted lunds
General
18,910
348,132
358.793
8,249
Poge 22

Taughmonagh Community Forum Limited
Notes to the Flnanclal Statements for the Year Ended 31 March 2023
16 Analysis of net assets between funds
Unrestricted Total funds at
funds
31 March
General
2023
Tangible fixed assets
Current assets
CurTent liabilities
Creditors over l year
Total net assets
905,411
3,140
126,9681
906.274
905.411
3,140
126,9681
906,2741
24,691
24,691
Unrestrlcted Total lunds at
funds
31 March
General
2022
Tangible fixed assets
Current assets
Current liabilities
Creditors over l year
965.342
34,862
125,6921
966,263
965,342
34,862
125,6921
966,263
Total nel assets
8.249
8.249
Poge 23

Taughmonagh Communlty Forum Llmlted
Detailed Statement of Financlal Actlvltles for the Year Ended 31 March 2023
Total
2023
Total
2022
Income and Endowments from:
Charitable activities lonalysed below)
324,391
348,132
Total income
324,391
348,132
Expendlture on..
Charitable activitie5 lanalysed below)
Total expenditure
357,331
358.793
357,331
358,793
Net expenditure
32,940
10,661
Nel movement in funds
132,9401
110,6611
R•conclllatlon of tund$
Total funds brought forward
Total funds corried foward
8,249
18,910
24,691
8,249
Th15 page does not form part of the statutory financiol statements.
Page 24

Taughmonagh Community Forum Llmlted
Detalled Statement of Financial Activlties for the Year Ended 31 March 2023
Total
2023
Total
2022
Charltable activities
Forward south partnership
Ballynafeigh community development
Public health agency
Belfast city council
Community foundation
Taughmonagh social club
Administration fees
Rental income
Bank interest received
Scribbles day nursery
1.500
900
768
23.5
500
192
24.245
1.687
10,o()J
3,000
12,OCQ
3,800
14
293.953
296.463
324.391
348,132
Charltable actlvltles
Wages and salaries
Travelling
Light. heat and power
Insurance
Repairs and maintenance
Telephone and fax
Programme costs
Advertising
8ank charges
8onk loan interest
Depreciation of long leasehold property
Release of capital grants
Accountancy
1272.7101
15,0731
113,9621
15,9131
15,3631
16,9691
143.2921
11 ,3321
15341
12611
159,9311
59,989
1,980
1262,2931
113,5661
17.3911
18,7681
17,5611
156,3161
15761
14831
1971
159,9311
59,989
1,800
357,331
358,793
Thi5 page doe5 not form part of the statutory financial statements.
Page 25