REGISTERED COMPANY NUMBER: N1612472 (Northern Ireland) REGISTERED CHARITY NUMBER: 103623 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Tobin Centre Moortown Ltd W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG
Tobin Centre Moortown Ltd Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 15 Detailed Statement of Financial Activities 16 to 17
Tobin Centre Moortown Ltd ort of the Trustees for the Year Ended 31 March 2024 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 2024. 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 were £430.927. (311312023 £385,773.) Nett surplus for the year was £45,154. (311312023 £24,984). 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 2024 would be £202,185 (Nett of all capital grants received from the accounts, years ending 311312020 to 3110312024) 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 off Ice Tobin Youth Centre Ardboe Road Cookstown BT80 OHT Page 1
Tobin Centre Moortown Ltd Re ort of the Trustees for the Year Ended 31 March 2024 Trustees M Devlin (resigned 3.10.23) E Devlin (resigned 3.10.23) E Devlin (resigned 3.10.23) C Hagan (resigned 3.10.23) E Quinn (resigned 3.10.23) M Rocks A M Tallon (resigned 3.10.23) M Quinn (resigned 3.10.23) C Campbell (resigned 3.10.23) A Devlin M Maynes (appointed 13.4.23) (resigned 3.10.23) S Mcvey (appointed 3.10.23) S Kelly (appointed 3.10.23) K Smith (appointed 3.10.23) M J Mclvor (appointed 3.10.23) S McGerr (appointed 3.10.23) R Conlon (appointed 3.10.23) S Quinn (appointed 3.10.23) C Ryan (appointed 3.10.23) K A O, Neill (appointed 3.10.23) F Kelly (appointed 3.10.23) S M McAllister (appointed 3.10.23) Company Secretary M J Mclvor Independent Examiner W McGillian W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Approved by order of the board of trustees on behalf by: .lo..,.....FJ.o.Ku... l.4... .. and signed on its S Quinn- Trustee Page 2
Inde endent Examiner's Re Tobin Centre Moortown Ltd I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages five to fifteen. ort to the Trustees of Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsib5e 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 independent 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 concerning 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 Cornpanies 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 cornpleted 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 Northem Ireland, I have found no matters that require drawing to your attention. McGillian The Institute of Financial Accountants W MCGILLIAN & CO LTD Unit A2, Workspace 5-7 Tobermore Road Draperstown Derry BT45 7AG Page 3
Inde endent Examiner's Re Tobin Centre Moortown Ltd ort to the Trustees of Date: Page 4
Tobin Centre Moortown Ltd Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 421 421 5,953 Charitable activities Charitable Activity 91,595 103,474 195,069 159,847 Investment income 843 843 50 Total 92,859 103,474 196,333 165,850 EXPENDITURE ON Raising funds 2,087 25,758 27,845 41,111 Charitable activities Charitable Activity 56,667 66.667 123,334 99,755 Total 58,754 92,425 151,179 140,866 NET INCOME Transfers between funds 34,105 11,049 8,105 45,154 24,984 Net movement in funds 26,000 19,154 45,154 24,984 RECONCILIATION OF FUNDS Total funds brought forward 362,255 23,518 385,773 360,789 TOTAL FUNDS CARRIED FORWARD 388,255 42,672 430,927 385,773 The notes form part of these financial statements Page 5
Tobin Centre Moortown Ltd Balance Sheet 31 March 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 12 321,250 287,621 CURRENT ASSETS Debtors Cash at bank and in hand 13 3,661 97,148 113,682 113,682 100,809 CREDITORS Amounts falling due within one year 14 (4,005) (2,657) NET CURRENT ASSETS 109,677 98,152 TOTAL ASSETS LESS CURRENT LIABILITIES 430,927 385,773 NET ASSETS 430,927 385.773 FUNDS Unrestricted funds Restricted funds 17 388,255 42,672 362,255 23,518 TOTAL FUNDS 430,927 385,773 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 6 continued...
Tobin Centre Moortown Ltd Balance Sheet - continued 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: S Quinn- Trustee The notes form part of these financial statements Page 7
Tobin Centre Moortown Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the flnanclal 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 once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture 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 2 % straight line on cost 20 % on reducing balance Taxatlon 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 8 continued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations 421 421 5,953 INVESTMENT INCOME 31.3,24 31.3.23 Bank Interest Received 843 50 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity Charitable Activity Charitable Activity Charitable Activity Charitable Activity Charitable Activity Youth Club Venue Hire Fundraising events Other Income Grants 3,572 4,395 70,367 12.641 104,094 7,864 4,202 1.664 17,096 129,022 195,069 159,847 Grants received, included in the above, are as follows: 31.3.24 31.3.23 Mid Ulster Community Festival Halifax MUDC Irish Grant EA Irish TNL Community Fund EYP MUDC Venue Grant BCPP Garfield Weston Foundation MUDC Grant DAERA EYP Grant The Ultach Community Foundation Grant Coca Cola Christmas Grant 1,050 3,650 1,950 3,000 93,475 1,000 2,400 15,000 1,100 1,486 5.961 975 3,577 96,472 1,200 620 200 104,094 129,022 Page 9 continued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 RAISING FUNDS Raising donations and legacies 31.3.24 31.3.23 Tutor costs MaterialslResources Refreshment costs Youth Club 20,037 4,668 2,168 972 29,201 10,592 1,318 27,845 41,111 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Charitable Activity 123,334 SUPPORT COSTS Governance costs Charitable Activity 123,334 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 31.3.24 31.3.23 Depreciation - owned assets 14,500 15,301 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 £1,886. She received no benefits and there was no pension scheme in place. Page 10 continued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS- continued Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. 10. STAFF COSTS The average monthly number of employees during the year was as follows.. 31.3.24 37 31.3.23 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 5,952 5,952 Charitable activities Charitable Activity 30,826 129,022 159,848 Investment income 50 50 Total 36,828 129,022 165,850 EXPENDITURE ON Raising funds 3,774 37,337 41,111 Charltable activlties Charitable Activity 28,629 71,126 99,755 Total 32,403 108,463 140,866 NET INCOME Transfers between funds 4,425 20,261 20,559 20,261) 24,984 Net movement in funds 24,686 298 24,984 RECONCILIATION OF FUNDS Total funds brought fomard 337,569 23,220 360,789 TOTAL FUNDS CARRIED FORWARD 362,255 23,518 385,773 Page11 continued...
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Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 12. TANGIBLE FIXED ASSETS Freehold property Computer Equipment equipment Totals COST At 1 April 2023 Additions 291,156 47,750 74,829 9,196 379 375,181 48,129 At 31 March 2024 338,906 9,575 423,310 DEPRECIATION At 1 April 2023 Charge for year 47,932 5,905 36,085 7,426 3,543 1,169 87,560 14,500 At 31 March 2024 53,837 43.511 4,712 102,060 NET BOOK VALUE At 31 March 2024 285,069 31,318 4,863 321,250 At 31 March 2023 243,224 38,744 5,653 287,621 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Other debtors 225 3,661 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Accrued expenses 2,602 1,403 1,657 1,000 4,005 2,657 Page 12 continued..
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 15. LOANS An analysis of the maturity of loans is given below: 31.3.24 31.3,23 Amounts falling due within one year on demand., Bank overdrafts 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Fixed assets Current assets Current liabilities 306,407 425,313 343,465) 14,843 (311,631) 339,460 321,250 113,682 287,621 100,809 388,255 42,672 430,927 385,773 17. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Revenue Grants Unrestricted 344,590 34.105 (8,105) 370,590 17,665 362,255 34,105 (8,105) 388,255 Restricted funds Revenue Grants Restricted Capital Grants received 8,675 14,843 11,049 8,105 27,829 14,843 23,518 11,049 8,105 42,672 TOTAL FUNDS 385,773 45,154 430,927 Page 13 continued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 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 92,859 (58,754) 34,105 Restricted funds Revenue Grants Restricted 103,474 (92,425) 11,049 TOTAL FUNDS 196,333 151,179) 45,154 Comparatives for 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 20,261 344,590 17,665 337,569 4,425 20,261 362.255 Restricted funds Revenue Grants Restricted Capital Grants received 8,377 14,843 13,112 7,447 (12,814) 7,447) 8,675 14,843 23,220 20,559 20,261) 23,518 TOTAL FUNDS 360,789 24,984 385,773 Page 14 continued...
Tobin Centre Moortown Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 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 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 18. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 15
Tobin Centre Moortown Ltd Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations 421 5,953 421 5.953 Investment Income Bank Interest Received 843 50 Charitable activities Youth Club Venue Hire Fundraising events Other Income Grants 3,572 4,395 70,367 12,641 104,094 7,864 4,202 1,664 17,096 129,022 195,069 159,848 Total incoming resources 196,333 165,850 EXPENDITURE Raising donations and legacies Tutor costs MaterialslResources Refreshment costs Youth Club 20,037 4,668 2,168 972 29,201 10.592 1,318 27,845 41,111 Support costs Governance costs Wages & Salaries Light & Heat Repairs & maintenance Insurance Printing,postage and stationery Telephone & Internet Accountancy Consultancy fees Carried forward 63,938 3,257 6,526 2,437 1,148 1,118 2,021 2,275 82,720 63,349 5,395 1,087 1,425 824 686 1,422 74,188 This page does not form part of the statutory financial statements Page 16
Tobin Centre Moortown Ltd Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 Governance costs Brought forward Sundries Membership & Subscriptions Fire Safety & Maintenance Hire equipment Clothing costs Water rates Bank charges Marketing & Advertising Recruitment costs Computer costs Training costs Travel & Outings Clothing & Uniforms Cleaning & Consumables Equipment Hire Photography & Media The Base New Charity transfer Freehold propety depreciation Plant and machinery depreciation Computer equipment depreciation 82,720 2,092 924 214 371 143 197 238 183 481 332 100 3,920 74,188 556 408 175 149 2,673 747 3,256 1,028 754 100 420 535 590 15,794 5,905 7,426 1,169 5,790 8,098 1,413 123,334 99,755 Total resources expended 151.179 140,866 Net income 45.154 24.984 This page does not form part of the statutory financial statements Page 17