REGISTERED COMPANY NUMBER: N1045660 REGISTERED CHARITY NUMBER: 103789 Re ortofth8 stee8 and ed Finan lal Statements for the Year Ended 31 March 2024 Camowen Partnershi Lim Trust ntee Domlnlc Rafferty & Co Ltd 2 b C8bragh Road Dungannon Co. Tyrone 8T70 3AH
Camowen Partnershi Trust Contents of the Financlal Ststemenls for the Year Ended 31 March 2024 Page Report of the Trustees Independenl Examinerfs Report Statement of Flnancial Activitles Statement of Financial Positlon Notes to the Financial Staléments 10 to 17 Detailed Statement of Financi81 Activities 18 to 19
Camowen Partnershi Trust Re ort of the Trustees for the Year Ended 31 March 2024 The trustees who are also dir&ctors of the charity for the purposes of the Compani8s Act 2006, present their report th the financial statements of the charity for the year ended 31 Marth 2024. The trustees have adopted the provisions of Accounting and Reporting by Charitles." Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliGable in the UK and Republic of Ireland (FRS 102) (eff8Ctive 1 January 2019). OBJECTIVES AND ACTIVITIE8 The objective of the charltable company 18 to benefit the inhabitants of the Camowen River ¢a*chment area aryj ils environs without dlstinction of gender, sexual oriontation, age, disability, race, ethnicity, or political, religious or other opinion and in partlcular to: Provide affordable chlldGare and promote good health for children and parents., Advan education and training and raise awareness of and interest in important issues by organislng andlor providing vocatlonal gnd non-vocational courses, seminars, lectures 8nd dlscussions; Relieve th08e in need by reason of social and economlc circumstances, di8abilities or Spedal needs or other d1s8dvantages; add Promote good community relations and cross community integration by organisation activities and events. In order to meet it's objectlves, the charity provkles many 8eNlces to th8 Ioc81 communty. Such servlces inGlude: Work experience opportunities; Internet acGQ58 and support Photocopylng, printing and lamlnatlng facllitles,. Information regardlng funding, grant6 and other local intsrests. Signposting 8erviGes for granls, benefits and any other request a person of our comrnunmy may Out of school club, for school age children 4-12 years old; Parenting programmes, baby programmes and health and well-being infomatlon sessions; and Baslc computer cla68e8 to a wide range of the community. Page 1
Camowen Partnershi Trust Re ort of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE The Directors are Gonfident that the Charitable company continues to meet it's perfornian objectives to benefit the local community. The charitable company continues to receive funding from loc81 bodies. Flnanclal Performanc6 The results for the year are set out in detail on pages 6 to 19. The charitable cornpany returned net outgoing rèsources for the year of 2024 £4,130 (2023: £3,533) At 31 March 2024, the total funds of the charity amounted to £64,153 (2023: £67.283) comprlslng of unrestricted funds of £64,153 (2023; £67,283) and restricted funds of £0 (2023: £0). Prin¢ipAI sourGe8 of funding and how this has supported the key objective8 of the charitable company are disc108ed in the notes to the finandal ststements. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documgnt The Gharity is controlled by Its governing document, a dead of tNSt, and constltutes a Ilmited company, limited by guarantee, a8 defined by the Companles Act 2006, REFERENCE AND ADMINISTRATIVE DETAILS R&glstsred Company number N1045eeo (Not speGlfledlOther} Reglstered Charlty numbèr 103789 Reglstered offlce Camowen Partnership Trust The Mllestone Centre Carrickmore Co. Tyrone BT79 9AL Trustees P Cush School Princlpal J H Maguire Company Manager Mrs M B Mccormack Director Ms C Conway Director Ms A Quinn Teacher Company Secretary J H Magltire Page 2
Camowen Partnershi Trust Re ort of the TrUStS for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Dominic Rafferty & Co Ltd 2 b Cabragh Road Dung8nnon Co. Tyrone BT70 3AH Approved by order of the board of trustees on 22 October 2024 and signed on Its behalf by: P Cush - Trustee Page 3
Inde endent Examinerfs Re Camowen Partnershi Trust I report on the accLwnts of the company for the year ended 31 March 2024, which are Set out on pages six to sevente8n. ort to the Trustees of Respecllve responslbilitles of charlty trustees and 8xamlner As the charity's trustees (and also the directors for the purp08es of company law) you are responsibl8 for the preparation of the accounts in accordanGe with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not tsubj8Ct to audlt 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 Ihe Charity Commission for Northern Ireland under SectEon 65(9)(b) of thè Charities A 8tate whether particular matters have come to my attention. Basls of tha Independent ex8mlnorfs report I have examined your charity accounts as required under Section 65 of the Charities Act and my examinalion was carried out in a¢cordanc8 With the g8n8ral Directlons glven 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 tharity and a comparison of the accounts presented those records. It also included consideratlon of any unusual Items or dlsclosures in the account8, 8nd seeking explanatlons from you as charty tNste68 conceming any such matters. My role is to state whether any materlal matters have come to my attention glvlng me cause to believe: That accounting records ware not kepl In a¢¢ordance with Secllon 386 of the Companles Act 2006 That the accounts do not accord wlth th08e accountlng record8 That the accounts do not comply vAth the arKounting requirements of Sectlon 396 of the Compani8s AGt 2006 and with the methods and princlples of the Charities Statement of Recommended Practlce applicable to charlties preparlng thelr accounts in aGGordance wlth th8 Financial Reporting Standard appllcable in the UK and Republlc of Ireland That ther8 is further information needed for 8 proper understanding of the accounts to be reached. Indepgndent oxamlnels ststsm8nt I have completed my examination and have no COnM8 in respect of the matters {1) to (4) listed above and, in connection with following tha Directions of the Charity Commission for Northem Ireland, I have found no mattors that require drawing to your attention. Dominic Rafferty ACA Dominic Raffefty & Co Ltd 2 b Cabragh Road Dungannon Co. Tyrone Page 4
Inde endent Examinef s Re Camowen Partnershi Trust BT70 3AH ort to the Trustees of 22 October2024 Page 5
Camowen Partnershi Trust statement of Financial ActTVities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unresttlcted Restricted fund fund Notes CHILDCARE SERVICES FROM Charitable actlvltles Childcare recovery support fund HSCB- Brightstart Holiday Scheme HSCB - Brightstart School Age Fund Regional Fair Play Scheme Blackburn Trust Regional Small Grant Scheme OFDC Summer Scheme Creggen Whltehare Little8tar8 3,219 3,472 20,286 7,498 1,000 3.219 3,472 20,266 7,498 1,000 420 2,019 20,266 4.440 1,000 1,718 1,000 669 1,500 250 669 1,500 250 other trading activities Investment income 115,480 115,460 89 135,049 112 Total 153,423 153,423 188,024 EXPENDITURE ON Raising funds 11,817 11,817 13,488 Charltablg activltios Insuran Toys and equipment Food and consumables Light and heat Advertisinglpromotion5 Telephone Staff travel and expenses AGcount8ncy Admin costs Bank charges Wages Charity Donation - Action Cancer 1,006 3,592 3,869 2,556 1.006 3,592 3,869 2,556 980 8,377 5,449 2,229 200 2,271 744 1,800 2,298 1,636 820 2,099 1,963 288 117,536 225 1,636 820 2,099 1,963 117,536 225 112,732 other 9,148 9,148 11,627 Totsl 158,553 156,553 162,491 NET INCOMEI(EXPENDITURE) (3,130) (3,130) 3,533 The notes form part of these financial statements Page 6
Camowen Partnershi Trust Statement of Financial Activitles for Year Ended rc 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund fund Notes RECONCILIATION OF FUNDS Total funds brought forward 87,283 87,283 63,750 TOTAL FUNDS CARRIED FORWARD 64,153 64,153 67,283 The notes form part of these flnancial statements Page 7
Camowen Partnershi Trust Sta ement of Financial Position 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted ftjnd fund Notes FIXED ASSETS Tangible assets 4,602 4,802 5,042 CURRENT ASSETS Debtors Cash at bank 10 13,396 48,312 13,396 46,312 19,013 47,785 59,708 59,708 86,798 CREDftORS Amounts falling due withln one year 11 (157) (157) (4,557) NET CURRENT ASSETS 59,551 59.551 62,241 TOTAL ASSETS LESS CURRENT LIABILITIES 84,153 64,153 67,283 NET ASSET8 64,153 64,153 67,283 FUNDS Unrestrictgd fund8 12 84,153 87,283 TOTAL FUNDS 64,153 67,283 The charltable company is enlitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required tha company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance wlth Section 478 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charilable company keeps accounting records that comply wlth Sections 386 and 387 of the Cornpanles Act 2006 and (b) Preparing financial statements whlch give a true and falr vlaw of the state of affalrs of the charitable cornpany as st the end of each financial year and of its surplus or deficit for each finan¢lal year in accordance with th& requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as appllcable to the chaiitable company. The notes fonn part of these financial statements Page 8 Gontinued...
Camowen Partnershi Trust statement of Financial Position - continued 31 March 2024 These flnancial statements have been prepared In accordance with the provisions applicable to charitablo companies subject to the small compani8s regime. The financial Btatèments were approved by the Board of Trustees and authorlsed for i98ue on 22 October 2024 and were signed on its behalf by: P Cush - Trustee miack - Trustee The notes form part of these financial statements Page 9
Camowen Partnershi Trust Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financlal statsments The financial sfatements of the charitable company, which is a public benoflt entity under FRS 102, have been prepared in accordance wlth the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statsment of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102> (effective 1 January 2019),, Financial Reporting Stsnd8rd 102 'The Financial Reportlng Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cosl convention. Income All income is recognised in the Statement of Flnancial Activitles 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 a8 expenditure as soon as there is a legal or constructive obligatlon committing th6 chsrlty to that expenditure, it is probable that a transfer of economlc bénefits will be required In settlement and the amount of the obligation can be measur8d reliably. Expenditure Is accounted for on an accruals ba8is and has been classrfied under headings that aggregate all cost related to the category. Where Gosts cannot be dlrectly attributad to particular headlng8 they hav8 been allocated to actlv5tles on a basis consistent with the use of resources. Tanglble flxed assets Depreciatlon is provided at the following annual rates in order to wrlte off each a88et over Ils estimated useful life. Taxatlon The charity 18 exernpt from corporatlon tax on its charltable activities. Fund accountlng Unrestricted funds can b8 used in accordanc6 With the charitabl8 objectives at the discretion of the trustees. Restricted funds cAn only b8 used for particular restrictsd purposes withln the objects of the charity. Restrictions arise when specified by the danor or when fund8 are raised for particular restricted purposes. Further explanatfon of the nature and purpose of each fund is Included in the notes to Ihe financial statements. Hlre purchase and lgaslng commltments Rentals paid under op8rating leases are tharged to the Statement of Flnanclal Actlvlties on a straight line basis over the period of the lease. Page 10 continued...
Camowen Partnershi Trust Notes lo the Financial St8tements - continued for the Year Ended 31 March 2024 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Fundraising events Management Income From CFC Service Income From CFC Childcare Services 2,382 1,525 2,530 128,612 115,459 115,460 135,049 INVESTMENT INCOME 31.3.24 31.3.23 Interest receivable - tr8dlng 89 112 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Actlvlty Childcare recovery 8UPPOrt fund HSCB- Brightstart Holiday Scheme HSCB - Bright8tart SGhool Age Fund Reglonal Fair Play Stheme Blackburn Trust Regional Small Grant Scheme OFDC Summer Scheme Creggen Whitehare Littlestars Grants Grants Grants Grant8 Grants Grants Grants Grants Grants 3,219 3,472 20,266 7,498 1,000 420 2,019 20,268 4,440 1,000 1,718 1,000 669 1,500 250 37,874 30,863 Grants received, included in the above, are as follows: 31.3.24 31.3.23 Chlldcare recovery support fund HSGB - Brtghtstart Hollday Sd)eme HSCB - Small Grant Scheme HSCB - Brightstart School Age Fund Blackburn Trust Halifax Foundation Regional Fair Play Sch8me OFDC Summer Scheme Funding Creggen Whitehare 420 2,01g 1,718 20,266 1,000 3.471 20,266 1,000 3,220 7,498 689 1,500 4,440 1,000 CarrEd forward 37,624 30,863 Page11 continued..
Camowen Partnershi Trust Notes to the Financial Statements - continued for the Year Ende 31 arch 2024 INCOME FROM CHARITABLE ACTIVITIES - continued 31.3.24 31.3.23 Brought forward Little Stsrs 37,624 250 30,863 37,874 30,883 RAISING FUNDS Inv68tment rnanagement costs 31.3.24 31.3.23 Property repair8 948 190 NET INCOMEI(EXPENDITURE) Net incomel{expenditure) Is stated after charglngl(creditlng): 31.3,24 31.3.23 Depreciation - owned assets Rent Food & consumables 485 13,298 5,449 10,869 3,889 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneralion or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tru8tee$' expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 Marth 2023. Page 12 continued...
Camowen Partnershi Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrestriGted Restricted fvnd fund Total funds CHILDCARE SERVICES FROM Charltable actlvltles Childcare recovery support fund HSCB- Brightstart Holiday Scheme HSCB - Brlghtstart School Age Fund Regional Fair Play Scheme Blackbum Trust Regional Small Grant Scheme OFDC Summar Scheme 420 2,019 20,266 4.440 1,000 1,718 1,000 420 2,019 20,266 4,440 1,000 1,718 1,000 other trading activlties Investment income 135,049 112 135,049 112 Total 166.024 166,024 EXPENDITURE ON Raising funds 13,488 13,488 Charltablo actlvltles Insurance Toys and equlpment Food and consumables Light and heat Advertisinglpromotions Telephone Slaff travel and expenses Accountancy Admin costs Bank Gharges Wages 980 8,377 5,449 2,229 200 2,271 744 1,800 2,298 980 8,377 5,449 2,229 200 2,271 744 1,800 2,298 296 112,732 112,732 Other 11,627 11,827 Totsl 182,491 162,491 NET INCOME 3,533 3,533 RECONCILIATION OF FUNDS Total funds brought fonNard 63,750 83,750 Page 13 continued...
Camowen Partnershi Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES - Continued Unrestricted Restricted fund fund Total funds TOTAL FUNDS CARRIED FORWARD 67,283 67.283 TANGIBLE FIXED ASSETS Short Computer leasehold 8quipment Totals COST At 1 Aprll 2023 and 31 March 2024 6.4B8 4,436 10,924 DEPRECIATION At 1 April 2023 Charge for year 2,347 260 3,535 180 5,882 At 31 March 2024 2,607 3,715 6,322 NET BOOK VALUE At 31 March 2024 3,881 721 4,602 At 31 March 2023 4,141 5,042 10. DEBTORS: AMOUNTS FALLING DUE THIN ONE YEAR 31.3.24 31.3.23 Trade dgbtors 13.396 19,013 Page 14 continued...
Camowen Partnershi Trusl Notes to the Financial Statements - continued for the Year Ended 31 March 2024 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3,23 Trade creditors Social security and other taxes Accrued expensos 157 2,685 972 900 157 4,557 12. MOVEMENT IN FUNDS Net movamant In funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 67,283 (3,130} 64,153 TOTAL FUNDS 67,283 (3,130) 64,153 Net movement In fund8, included In the above are as follows: Incoming resources Resources Movement exponded in funds Unrestrlcted funds General fund 153,423 (156,553) (3,130) TOTAL FUNDS 153,423 (156,553) (3,130) Comparatlves foi movamont in funds Net movement In funds At 31.3.23 At 1.4.22 Unrè8trictèd fund5 General fund 63,750 3,533 67,283 TOTAL FUNDS 63,750 3,533 67,283 Page 15 continued...
Camowen Partnershi Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 12. MOVEMENT IN FUNDS- Gontinued Comparatlve net movement in funds, Included in the above are as fdlows: Incoming resources Resources Movement exponded in fund8 Unrostrlcted funds General fund 166,024 (162,491) 3,533 TOTAL FUNDS 166,024 {162,491) 3,533 A current year 12 months and prior year 12 months comblned positlon 18 a8 follows: Net movement in fund8 At 31.3.24 At 1.4.22 Unrestrlcted funds General fund 63,750 403 64,153 TOTAL FUNDS 63,750 403 64,153 A current year 12 months and prior year 12 months combined net movement In funds, Included in the above are as follows: Incoming resources Re80urces Movement exp8nded in funds Unrestrlctsd fund8 General fund 319,447 (319,044) 403 TOTAL FUNDS 319,447 {319,044) 403 Page 16 continued...
Camowen Partnershi Trust Notes to the Financial Statements - continued for the Year Endèd 31 March 2024 13. RELATED PARTY DISCLOSURES There were no related party trark8actions for the year ended 31 March 2024. Page 17
Camowen Partnershi Trus Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 CHILDCARE SERVICES Other trading activities Fundralsing events anagement Income From CFC Servic8 Income From CFC Childcare Services 2,382 1,525 2,530 128,612 115,459 115,460 135,049 Investment Income Interest receivabl8 - trading 89 112 Charltablo activiti88 Grants 37,874 30,863 Total Incomlng resources 153,423 166,024 EXPENDITURE Othor tradlng actlvltl6s Rent 10,869 13,298 Investment management costs Property repalrs 190 Charltsble activities Wages Food and consumables Light and heat Advertising Toys and equipment Exceptional items 117,536 3,869 2,556 112,732 5,449 2,229 200 8,377 2,298 3,592 2,188 129,741 131,285 Other Trfps and spedal activities Transportalion costs Carried fOard 2,036 5,305 7,341 2,434 7.855 10,289 Thls page does not form part of the statulory financlal statements Page 18
Camowen ParrShI Trust Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 Other Brought forward Computerlsoftware costs Depreciation of tangible red assets 7,341 1,367 440 10,289 853 485 9.148 11,627 Support Costs Management Insurance Telephone 1,006 1,636 2,271 2,642 3,251 Finance Bank charges 286 296 Governance Go8ts Staff travel and expenses Accountancy and lag81 fe88 820 2,099 744 1,800 2,919 2,544 Total resources expended 156,553 162,491 Net (expendlture)Ilncome (3,130) 3,533 This page doe8 not form part of the statutory finandal ststements Page 19