j Sf-) CavanaghKelly" Charity Registration Number: 105018 Tyrone Roman Cathollc Board Of Educatlon Trustee's Annual Report and Accounts For the year ended 31 March 2023
rone Roman Catholic Board Of Education ' Annu ndA unt CONTENTS For th ear ended 31 March 2023 Page General Information Trustees, Annual Report Independent Examiner's Report Statement of Financlal Actlvltles Statement of Financlal Position Notes to the Financial Statements 8~12 CavanaghKellyi Chartered Accountants & Statutory Auditors Page I
rone Roman Catholic Board Of Education Tru ' Annu ort and Accounts ENERAL INF RMATION Board of Trustees Mr John Joseph Cavanagh Mr Aidan O'Brien Fr Ryan McAleer Fr Patrick Hannigan Fr Martin Mcveigh Mr Aidan O'Neill Mrs Sinead Stewart Fr John Connolly Reglstered Office St. Patrick's Academy 37 Killymeal Road Dungannon BT71 6DS Charlty Reglstration Number 105018 Independent Examlners CavanaghKelly Chartered Accountants and Statutory Audltors 36-38 Northland Row Dungannon Co Tyrone BT71 6AP CavanaghKellyi Chartered Accountants & Statutory Auditors Page 2
rone Roman Catholic Board Of Education Tru ' Annu TRUSTEES. ANNUAL REP RT for h202 The Trustees have pleasure in presenting thelr report and the accounts of the charity for the year ended 31 March 2023. Reference and Administration Details The reference and administration details of the charity are as shown on page 2. Objectlves and Actlvltles Objectives The principal activity of the charity is to provide funding and support to St Patrick's Academy In Dungannon with the purpose of promotlon of knowledge and learnlng whlch In turn encourages development of skllls and understandlng whlch promotes famlly Ilfe, communlty coheslon, new skills, talent and creativity and encourages employment through the establishment and maintalnlng of schools. Activities The charlty's attlvltles Include the prov151on of funds for St Patrlck's Academy Dungannoni golng towards the bulldlng of a new school premlses. Publlc Beneflt Statement The Trustees of Tyrone Roman Cathollc Board Of Educatlon conflrm that they have complled wlth thelr duty under section 4(6) of the Charities Act (Northern Ireland) 2008 to have regard to the Charity Commisslon for Northern Ireland's guldance on publlc benefit and that the publlc benefit requlrement has Informed the actlvlties of the charity In the year ended 31 March 2023. Achlevements and Performance The school buildlng was officlally opened In March 2019 and the payments due In respect of the bulldlng contract are now consldered complete. Flnanclal Revlew Flnanclal Performance The financlal performance was In Ilne wlth the Trustees, expectatlons. The charlty remalns In sound flnanclal posltlon at the year-end. The result5 for the year are Set out In detall on page5 7 to 13. The charity had net outgolng resources for the year of £2,269 (2022 net Incoming resources of £2,673). At 31 March 2023, the total funds of the charlty amounted to £24,753 (2022 £27,021) comprising entirely of unrestricted funds, Principal sources of funding and how this has supported the key objectives of the charity are disclosed In the notes to the financlal statements. Reserves Pollcy The charity does not maintain a formal reserves pollcy however the Board of Trustees continue to monltor the level of reserves held by the charlty and are sat15fied that these are adequate to meet any unforeseen expenditure incurred. CavanaghKellyi Chartered Accountants & Statutory Auditors Page 3
ron Tru Rom n Catholic Board Of Education ' Annu unt TRUSTEES, REPORT for the ear ended 31 March 2023 Continued Structure, Governance and Management Organisational Strurture Tyrone Roman Catholic Board of Educatlon Is a charlty admlnlstered and managed in accordance with its constitution, under Scheme No.34, framed under the Educational Endowments (Ireland) Act 1885 and its subsequent amendments. Trustees. Responslbllltles The Trustees are responsible for preparing the Trustee's Annual Report and the financlal statements In accordance with applicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accountlng Practlce). Company law requlres the trustees to prepare flnanclal statements for each financial year which glve a true and fair view of the state of the affalrs of the charlty and of the Incomlng resources and application of resources, including the Income and expenditure, of the charity for that year. In preparlng these financial statements the Trustees are required to: select sultable accountlng pollcles and apply them conslstentlyi observe the methods and principles in the Charities SORP 2019 (FRS 102); make Judgements and estlmates that are reasonable and prudent; state whether appllcable UK Accountlng Standards have been followed, subject to any materlal departures dlsclosed and explalned Sn the financlal statements. and prepare the financSal statements on the going concern basls unless It Is Inapproprlate to presume that the charlty wlll contlnue In operation. The Trustee5 are responslble for keeplng proper accountlng records that dlsclose wlth reasonable accuracy at any tlme the financlal posltlon of the charity and enable them to ensure that the flnanclal statements comply with the Charities Act (Northern Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the trust deed. They are also responslble for safeguardlng the assets of the charlty and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularitles. Thls report was approved by the Board of Trustees on 12th May 2023 and slgned on Its behalf by: Reglstered offlce: St. Patricks Academy 37 Killymeal Road Dungannon BT71 6DS Mr Aidan O'Neill Trustee hnjca nagh hari tion Number: 10501 CavanaghKellyi Chartered Accountants & Statutory Auditors Page 4
rone Roman Catholic Board Of Education Tru ' Annual R rtandA un INDEPENDENT EXAMINER'S REPORT to the Trustees on the accounts of T Catholic Board Of Education for the ear ended 31 March 2023 rone Roman We report on the accounts of the charity for the year ended 31 March 2023 which are set out on pages 7 to 13. Respertive Re5pon5ibilities of Tru5tee5 and Independent Examiner As the charlty's trustees you are responsible for the preparation of the accounts In accordance with the Charities Act (Northern Ireland) 2008. It is our responsibility to: examlne the accounts under sectlon 65 of the Charltles Act (Northern Ireland) 2008; follow the procedures laid down in the general Directions given by the Charity Commlsslon for Northern Ireland under sectlon 65(9)(b) of the Charltles Act (Northern Ireland) 2008; and state whether partlcular matters have come to our attentlon. Basls of Independent Examlner's Report We have examined your charity accounts as required under section 65 of the Charlties Act (Northern Ireland) 2008 and our examlnatlon was carried out In accordance wlth the general Dlrectlons glven by the Charlty Commlsslon for Northern Ireland under sectlon 65(9){b) of the Charities Act (Northern Ireland) 2008. The examlnatlon Included a revlew of the accountlng records kept by the charlty and comparison of the accounts presented with those records. It also Includes conslderatlon of any unusual Items or dlsclosures In the accounts, and seeklng explanatlons from you as charlty trustees concernlng any such matters. Our role Is to state whether any materlal matters have come to our attentlon glvlng us cause to belleve: That accounting records were not kept In accordance with sectlon 63 of the Charitles Att (Northern Ireland) 2008; or That the accounts do not accord wlth those accountlng records; or That the accounts do not comply with the accounting requirements of the Charlties Act (Northern Ireland) 2008; or That there Is further Informatlon needed for a proper under5tandlng of the accounts to be reached. Independent Examiner's Statement We have completed our examlnatlon and have no concerns In respect of the matters Ilsted above and, In connectlon with followlng the Directlons of the Charity Commlssion for Northern Iland, we have found no matters that requlre drawlng to your attentlon. CavanaghKelly Chartered Accountants & Statutory Auditors 36-38 Northland Row Dungannon Co. Tyrone BT71 6AP Date: 12th May 2023 CavanaghKellyp Chartered Accountants & Statutory Auditors Page 5
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rone Roman Catholic Board Of Education Tru ' Annu oun STATEMENT OF FINANCIAL POSITION as at 31 March 2023 Note 2023 2022 Fixed Assets Property, plant and equipment Current Assets Cash and cash equivalents Payables: Amounts falling due within in one year Net current assets Total assets less current Ilabllltles 24,752 27,021 Net Assets REPRESENTED BY: Unrestrlcted funds Restrlcted funds Total Funds 24,752 27,021 ese flnanclal statement5 were approved by the Board of Trustees on 12th May 2023 and slgned its behalf by: Jo us n J Cavanagh Trustee ri tration Numb r:10 01 CavanaghKellyi Chartered Accountants & Statutory Auditors Page 7
rone Roman Catholic Board Of Education Tru ' Annual Re ort and Accounts NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 March 2023 I. GENERAL INFORMATION The charlty Is an unlncorporated charity In Northern Ireland. The charity constitutes a public benefit entity as defined by FRS 102, 2. ACCOUNTING POLICIES The following accounting polScles have been applied consistently in dealing with Items whlch are considered material in relation to the charity's accounts. 2.1 Statement of Compliance The flnancial statements have been prepared In accordance with Accounting and Reporting by Charites: Statement of Recommended Practlce (SORP) appllcable to charltles preparlng thelr financlal statements In accordance with the Flnancial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletln 2 publlshed on 5 October 2018, appllcable from l January 2019), the Financial Reporting Standard applicable in the United Klngdom and Republlc of Ireland (FRS 102), the Charitles Act (Northern Ireland) 2008 and the Charltles (Accounts and Reports) Regulatlons (Northern Ireland) 2015 and UK Generally Accepted Practlce as It applles from l January 2015. 2.2 Basls of Preparatlon The financlal statements are prepared on a golng concern basls under the hlstorlcal cost convention unless otherwlse stated In the relevant accountlng pollcy. Hlstorlcal cost Is generally based on the falr value of the conslderatlon glven In exchange for assets. The following accounting policies have been applied consistently in dealing with items which are consldered materlal In relatlon to the charlty's accounts. 2.3 Cash Flow Statement The charSty has applled Update Bulletln 2 as publlshed on 5 October 2018 (Appllcable from l January 2019) and does not Include a cash flow statement on the grounds that It Is applying FRS 102 Section IA. 2.4 Income and Endowments (l) Charltable Activitles Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. It Is recognised as earned as the related services or goods are provided. Grant income included in this category provides funding to support projects and Is recognised where there Is entitlement, certalnty of receipt and the amount can be measured with 5ufficlent rellabllity. CavanaghKellyi Chartered Accountants & Statutory Auditors Page 8
rone Roman Catholic Board Of Education ' Annu ort ndA ount NOTES TO THE FINANCIAL STATEMENTS For the ear ended 3 1 March 2023 Continued 2. ACCOUNTING POLICIES (Continued) 2.5 Resources Expended Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods and services are supplied. Where costs cannot be dlrectly attributed to a particular headlng they have been allocated to actlvities on a basls consistent with use of resources, Staff costs and overhead expenses are allocated to activities on the basis of staff tlme spent on those actlvltles. (i) Charitable Activities Thls comprlses all the resources applled by the charlty in undertaking its work to meet Its charltable objectives. Charitable actlvltles wlll Include the costs of governance arrangements which relate to the general running of the charity. 2.6 Fund Accounting The charlty has two types of funds for whlch It Is responslble at the year end: Unrestricted f unds - Funds whlch are expendable at the dlscretlon of the Trustees In furtherance of the objectlves of the charity. In addition, funds may be held in order to flnance capltal Investment and worklng capltal. Restrlcted funds - Income recelved for specSflc purposes. Such purposes are wlthln the overall alms of the charity. 2.7 Propertyi Plant and Equlpment and Depreclatlon Property, plant and equlpment are Initlally recorded at cost. 2.8 Trade and Other Recelvables Trade and other receivables are initially recorded at fair value and thereafter stated at cost less Impalrment losses for bad and doubtful debts. 2.9 Trade and Other Payables Trade and other payables are Inltlally recognlsed at fair value and thereafter stated at cost. CavanaghKellyi Chartered Accountants & statutory Auditors Page 9
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rone Roman Catholic Board Of Educ Tru ' Annual R rtandA unt tion NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 March 202 Continued 5. PROPERTY, PLANT AND EQUIPMENT Land & Building Total Cost At 31 March 2022 At 31 March 2023 Depreclatlon At 31 March 2022 At 31 March 2023 Net Book Values At 31 March 2023 At 31 March 2022 The land and bulldlng sltuated at Klllymeal Road, Dungannon has been carrled In these accounts at a nominal value of £1. Tyrone Roman Catholic Board of Education hold the legal title to the school bulldlng at St. Patrlck's Academyi Dungannon however the asset Is recognlsed In St. Patrick's Academy accounts on the basls that the land and bulldlng Is controlled and beneflclal ownershlp of the property rests wlth the school, in accordance with the Charities SORP 2015 (Para 10.14). All deallngs wlth the land are Inhlblted untll notlce has been glven to the Department of Education. 6. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade payables Accruals and deferred Income 1,150 500 1,150 500 CavanaghKellyi Chartered Accountants & Statutory Auditors Page 11
rone Roman Catholic Board Of Education Tru ' Annual R ort ndA ount NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 March 2023 Continued ANALYSIS OF NET ASSETS Unrestricted Funds 2023 Restrlcted Funds 2023 Total Funds 2023 Total Funds 2022 Propertyi Plant and Equlpment Current Assets Current Liabilities Non-current Llablllties 26,401 (1,650) 26,401 (1,650) 28,670 (1,650) ANALYSIS OF FUNDS Unrestrlcted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Openlng balance Income Expenditure Closlng balance 27,021 11,432 27,021 11,432 29,694 10,383 CavanaghKellyi Chartered Accountants & Statutory Auditors Page 12