REGISTERED COMPANY NUMBER: N1612472 (Northern Ireland) REGISTERED CHARITY NUMBER: 103623 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023 for Tobin Centre Moortown Ltd W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobemiore Road Draperstown Derry BT45 7AG
Tobin Centre Moortown Ltd Contents of the Financial Statements for the Year Ended 31 March 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 14 Detailed Statement of Financial Activities 15 to 16
Tobin Centre Moortown Ltd Re ort of the Trustees for the Year Ended 31 March 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019) FINANCIAL REVIEW Financial position Nett Reserves at the year end £385,773 . (311312022 £360,789.) Nett surplus for the year was £24,983. (311312022 £27,314) The Unrestricted reserves balance brought forward includes deferred capital grants totalling £228,742. These grants were shown on the SOFA in the 31 March 2020 accounts due to the Performance Model now being used to account for government grants. Ordinary unrestricted reserves for the year ended 31 March 2023 would be £126,066. (Nett of all capital grants received from the accounts, years ending 311312020 to 3110312023) STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1612472 (Northern Ireland) Registered Charity number 103623 Registered office Tobin Youth Centre Ardboe Road Cookstown BT80 OHT Trustees M Devlin E Devlin E Devlin C Hagan E Quinn M Rocks A M Tallon M Quinn C Campbell M McKeown (resigned 15.9.22) A Devlin (appointed 9.5.22) M Maynes (appointed 13.4.23) Company Secretary M Devlin Page 2
Tobin Centre Moortown Ltd Re ort of the Trustees for the Year Ended 31 March 2023 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner W McGillian Financial Accountant W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Dery BT45 7AG Approved by order of the board of trustees on behalf by: signed on its E Devlin - Trustee Page 2
Inde endent Examiner's Re Tobin Centre Moortown Ltd ort to the Trustees of I report on the accounts for the year ended 31 March 2023 set out on pages four to fourteen. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, it is my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9){b) of the Charities Act state whether particular matters have come to my attention. Basis of the independent examinerfs report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees Conrning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe; That accounting records were not kept in accordance with section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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 That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. McGillian Financial Accountant W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Date: Page 3
Tobin Centre Moortown Ltd Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 5,952 5,953 Charitable activities Charitable Activity 30,825 129,022 159,847 156,580 Investment income 50 50 Total 36,827 129,022 165,850 156 580 EXPENDITURE ON Raising funds 3,774 37,337 41,111 48,350 Charitsble activities Charitable Activity 28,629 71,126 99.755 80,915 Total 32,403 108,463 140,866 129,265 NET INCOME 4,424 20,559 24,984 27,314 Transfers between funds 17 20,261 20,261) Net movement in funds 24,685 298 24,984 27,314 RECONCILIATION OF FUNDS Totsl funds brought forward 337,569 23,220 360.789 333,475 TOTAL FUNDS CARRIED FORWARD 362,255 23,518 385,773 360,789 The notes form part of these financial statements Page 4
Tobin Centre Moortown Ltd Balance Sheet 31 March 2023 31.3.23 31.3.22 Notes FIXED ASSETS Tangible assets 12 287,621 293,930 CURRENT ASSETS Debtors Cash at bank and in hand 13 3,661 97,148 3,235 65,746 100,809 68,981 CREDITORS Amounts falling due within one year 14 (2,657) (2,122) NET CURRENT ASSETS 98,152 TOTAL ASSETS LESS CURRENT LIABILITIES 385,773 360,789 NET ASSETS 385,773 360.789 FUNDS Unrestricted funds Restricted funds 17 362,254 23,518 337,569 23.220 TOTAL FUNDS 385,773 360,789 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) Complying with requirements of the Act with respect to accounting records and the preparation of accounts The notes form part of these financial statements Page 5 continued...
Tobin Centre Moortown Ltd Balance Sheet - continued 31 March 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financi I statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: E Devlin - Trustee The notes form part of these financial statements Page 6
Tobin Centre Moortown Ltd Notes to the Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities On the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Equipment 20/0 Straight line on cost 20 % on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. HMRC Charity Tax Reference XT39164. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Government grants Grants are accounted for under the Performance Model. Page 7 continued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 DONATIONS AND LEGACIES 31.3.23 31.3.22 Donations 5,953 5,953 INVESTMENT INCOME 31.3.23 31.3.22 Bank I nterest Received 50 INCOME FROM CHARITABLE ACTIVITIES 31.3.23 31.3.22 Activity Charitable Activity Charitable Activity Charitable Activity Charitable Activity Charitable Activity Youth Club Venue Hire Fundraising events other Income Grants 7,864 4,202 1,664 17,095 129,022 2,597 4,699 7,640 141,641 159.847 156.580 Grants received, included in the above, are as follows.. 31.3.23 31.3.22 Halifax MUDC Irish Language Grant EA Grant DSD Volunteer Grant CWSAN TNL Community Fund EYP MUDC Venue Grant Youth Action Nl Ltd BCPP Garfield Weston Foundation MUDC Grant Marketing Education Authority Summer Irish MUDC Grant DAERA EYP Grant 3,650 1,950 3,000 2,570 7,665 (720) 2,485 98,491 1,000 1,500 9,600 15,000 300 1,750 2,000 93,475 1,000 2,400 15,000 1,100 1,486 5,961 129,022 141,641 Page 8 continued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 RAISING FUNDS Raising donations and legacies 31.3.23 31.3.22 Tutor costs MaterialslResour¢es Refreshment costs Support workers 29.201 10,592 1,318 25,195 7,868 858 14,429 41.111 48,350 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Charitable Activity 99,755 SUPPORT COSTS Governance costs Charitable Activity 99,755 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting)'. 31.3.23 31.3.22 Depreciation - owned assets 15,301 16,581 TRUSTEES, REMUNERATION AND BENEFITS One or more of the charity trustees has been paid remuneration or has received other benefits from an employment with their charity or related entity. Details as follows:_ Remuneration to trustee Mary Rocks has been paid in the year and according to the charity governing document. Mary undertakes administration roles within the charity and was not paid under trusteeship terms. Gross wages paid to Mary in the year £2,510. She received no benefits and there was no pension scheme in place. Page 9 continued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 TRUSTEES. REMUNERATION AND BENEFITS - continued Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. 10. STAFF COSTS The average monthly number of employees during the year was as follows: 31.3.23 22 31.3.22 Staff No employees received emoluments in excess of £60,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activity 31,885 124,695 156,580 Totsl 31,885 124,695 156,580 EXPENDITURE ON Raising funds 48,350 48,350 Charitable activities Charitable Activity 69,312 11,603 80,915 Total 69,312 59,953 129,265 NET INCOMEI(EXPENDITURE) (37,427) 64,742 27,315 Transfers between funds 91,735 91,735) Net movement in funds 54,307 (26,993) 27,314 RECONCILIATION OF FUNDS Total funds brought forward 283,262 50,213 333,475 TOTAL FUNDS CARRIED FORWARD 337,569 23,220 360,789 Page 10 continued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 12. TANGIBLE FIXED ASSETS Freehold property Computer Equipment equipment Totals COST At 1 April 2022 Additions 289,366 1,790 67,627 7,202 9,196 366,189 8,992 At 31 March 2023 291,156 74,829 9,196 375,181 DEPRECIATION At 1 April 2022 Charge for year 42,142 5,790 27,987 8,098 2,130 1,413 72,259 15,301 At 31 March 2023 47,932 36,085 3,543 87,560 NET BOOK VALUE At 31 March 2023 243,224 38,744 5,653 287,621 At 31 March 2022 247.224 39,640 7,066 293,930 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Trade debtors Other debtors 225 3,436 180 3.055 3,661 3,235 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Trade creditors Social security and other taxes Accrued expenses 1,657 750 372 1,000 1,000 2,657 2,122 Page 11 continued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 15. LOANS An analysis of the maturity of loans is given below.. 31.3.23 31.3.22 Amounts falling due within one year on demand.. Bank overdrafts 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted funds funds Fixed assets Current assets Current liabilities 272,778 92,135 14,843 8,674 287,621 100,809 293,930 68,981 362,256 23,518 385,773 360,789 17. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Revenue Grants Unrestricted 319,904 17,665 4.425 20,261 309,021 17,665 Restricted funds Revenue Grants Restricited Capital Grants received 337,569 17.240 20,261 362,255 8,377 14,843 13,112 7,447 (12,814) 8,674 14,843 23,220 20,559 20,261) 23,518 TOTAL FUNDS 360,789 24,984 385,773 Page 12 continued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 17. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 36,828 (32,403) 4,425 Restricted funds Revenue Grants Restricted Capital Grants received 121,575 7,447 (108,463) 13,112 7,447 129,022 108,463) 20,559 TOTAL FUNDS 165,850 140,866) 24,984 Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.22 At 1.4.21 Unrestricted funds General fund Revenue Grants Unrestricted 283,262 (55,082) 17.665 91.724 319,904 17,665 283,262 Restricted funds Revenue Grants Restricited Capital Grants received (37,417) 91,724 337,569 50,213 49,888 14,843 (91,724) 8,377 14,843 50,213 64,731 91.724) 23,220 TOTAL FUNDS 333,475 27,314 360,789 Page 13 ontinued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 17. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund Revenue Grants Unrestricted 14,219 17,665 (69,301) (55,082) 17,665 Restricted funds Revenue Grants Restricited Capital Grants received 31,884 (69,301) (37,417) 109,852 14,843 (59,964) 49,888 14,843 124,695 59,964 64,731 TOTAL FUNDS 156,579 129,265) 27,314 18. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2023. Page 14
Tobin Centre Moortown Ltd Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 INCOME AND ENDOWMENTS Donations and legacies Donations 5,953 5,953 Investment income Bank Interest Received 50 Charitable activlties Youth Club Venue Hire Fundraising events Other Income Grants 7,864 4,202 1,664 17,095 129,022 2,597 4,699 7,646 141,641 159,847 156,583 Totsl incoming resources 165,850 156,583 EXPENDITURE Raising donations and legacies Tutor costs MaterialslResources Refreshment costs Support workers 29,201 10,592 1,318 25,195 7,868 858 14,429 41,111 48,350 Support costs Governance costs Wages & Salaries Light & Heat Repairs & maintenance Insurance Printing,postage and stationery Telephone & Internet Accountancy Professional Fees Carried forward 63,349 5,395 1,087 1,425 824 686 1,422 33,895 4,036 10,432 1,430 1,194 1,804 1,538 3,557 57,886 75,216 This page does not form part of the statutory financial statements Page 15
Tobin Centre Moortown Ltd Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 Governance costs Brought forward Sundries Membership & Subscriptions Water rates Bank charges Marketing & Advertising Recruitment costs Computer costs Training costs Travel & Outings Clothing & Uniforms Cleaning & Consumables Equipment Hire Admin Support Photography & Media Freehold property depreciation Plant and machinery depreciation Computer equipment depreciation 75,216 556 408 175 149 57,886 17 283 168 122 76 1,440 1,510 435 271 2,673 747 3,256 1,028 754 100 215 903 1,008 5,671 9,143 1,767 420 5.790 8,098 1,413 99,755 80,915 Total resources expended 140.866 129,265 Net income 24,984 27,314 This page does not form part of the statutory financial statements Page 16