CavanaghKelly-
Charity Registration Number: 105018
Tyrone Roman Catholic Board Of Education
Trustee's Annual Report and Account5
For the year ended 31 March 2024

rone Roman
tholic Board Of Education
Trustees, Annual Re
ort and Accounts
CONTENTS
For the
ear ended 31 March 2024
Page
General Information
Trustees. Annual Report
Independent Examiner's Report
Statement of Financial Activities
Statement of Financial Position
Notes to the Financial Statements
8-12
CavanaghKellyi Chartered Accountants & Statutory Auditors
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tholic Board Of Education
Trustees, Annual Re
ort and Accounts
GENERAL INFORMATION
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
Fr Thomas McHugh (appointed January 2024)
Mr Tiernan O'Neill (appointed January 2024)
Registered Office
St. Patrick's Academy
37 Killymeal Road
Dungannon
BT71 6DS
Charity Registration Number
105018
Independent Examiners
CavanaghKelly
Chartered Accountants and Statutory Auditors
36-38 Northland Row
Dungannon
Co Tyrone
BT71 6AP
CavanaghKelly. Chartered Accountants & Statutory Auditors
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rone Roman Catholic Board Of Education
Trustees. Annu
Re
ort and Accounts
TRUSTEES. ANN
AL REPORT for the
ear
nded 31 March 2024
The Trustees have pleasure in presenting their report and the accounts of the charity for the
year ended 31 March 2024.
Reference and Administration Details
The reference and administration details of the charity are as shown on page 2.
Objectives and Activities
Objectives
The principal activity of the charity is to provide funding and support to St Patrick's Academy in
Dungannon with the purpose of promotion of knowledge and learning which in turn encourages
development of skills and understanding which promotes family life, community cohesion, new
skills, talent and creativity and encourages employment through the establishment and
maintaining of schools.
Activities
The charity's activities include the provision of funds for St Patrick's Academy Dungannon, going
towards the building of a new school premises.
Public Benefit statement
The Trustees of Tyrone Roman Catholic Board Of Education confirm that they have complied
with their duty under section 4(6) of the Charities Act (Northern Ireland) 2008 to have regard
to the Charity Commission for Northern Ireland's guidance on public benefit and that the public
benefit requirement has informed the activities of the charity in the year ended 31 March 2024.
Achievements and Performance
The school building was officially opened in March 2019 and the payments due in respect of the
building contract are now complete.
Financial Review
Financial Performance
The financial performance was in line with the Trustees, expectations. The charity remains in a
sound financial position at the year-end. The results for the year are set out in detail on pages
7 to 13. The charity had net incoming resources for the year of £13,417 (2023
net outgoing
resources of £2,269).
At 31 March 2024, the total funds of the charity amounted to £38,169 (2023 £24,752)
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 financial statements.
Reserves Policy
The charity does not maintain a formal reserves policy however the Board of Trustees continue
to monitor the level of reserves held by the charity and are satisfied that these are adequate to
meet any unforeseen expenditure incurred.
CavanaghKellyr Chartered Accountants & Statutory Auditors
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rone Roman Catholic Board Of Edu
Trustees, Annual R
ndA
nts
tion
TRUSTEES, REPORT f r th
ar
ed 31 March 2024
Continued
structure, Governance and Management
Organisational Structure
Tyrone Roman Catholic Board of Education is a charity administered and managed in accordance
with its constitution, under Scheme No.34, framed under the Educational Endowments (Ireland)
Act 1885 and its subsequent amendments.
Trustees, Responsibilities
The Trustees are responsible for preparing the Trustee's Annual Report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which
give a true and fair view of the state of the affairs of the charity and of the incoming resources
and application of resources, including the income and expenditure, of the charity for that year.
In preparing these financial statements the Trustees are required to:
select suitable accounting policies and apply them consistentlyi
observe the methods and principles in the Charities SORP 2019 (FRS 102);
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements, and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and enable them to ensure
that the financial 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 responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Board of Trustees on 16 December 2024 and signed on its
behalf by:
Registered office:
st. Patricks Academy
37 Killymeal Road
Dungannon
BT71 6DS
Mr Aidan O'Neill
Trustee
V4
Jo
tee
vanagh
Chari
Re
ion Number: 105018
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rone R
man
es, Annu
atholi
Bo
f Education
IRe
ort and Accounts
INDEPENDENT EXAMINER'S REPORT to the Trustees on the accounts of T
tholic Board Of Education for the
ear ended 31 Marc
rone Rom
We report on the accounts of the charity for the year ended 31 March 2024 which are set out
on pages 7 to 13.
Respective Responsibilities of Trustees and Independent Examiner
A5 the charity'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:
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008,.
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 (Northern
Ireland) 2008; and
state whether particular matters have come to our attention.
Basis of Independent Examiner's Report
We have examined your charity accounts as required under section 65 of the Charities Act
(Northern Ireland) 2008 and our 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 (Northern Ireland) 2008.
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 includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as charity
trustees concerning any such matters.
Our role is to state whether any material matters have come to our attention giving us cause to
believe..
That accounting records were not kept in accordance with section 63 of the Charlties Act
(Northern Ireland) 2008; or
That the accounts do not accord with those accounting records; or
That the accounts do not comply with the accounting requirements of the Charities Act
(Northern Ireland) 2008,. or
That there is further information needed for a proper understanding of the accounts to
be reached.
Independent Examiner's Statement
We have completed our examination and have no concerns in respect of the matters listed above
and, in connection with following the Directions of the Charity Commission for Northern Ireland,
we have found no matters that require drawing to your attention.
CavanaghKelly
Chartered Accountants & Statutory Auditors
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP
Date: 16 December 2024
CavanaghKellyy Chartered Accountants & Statutory Auditors
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man Catholic Board Of Education
tees, Annual Re
ort and Accounts
TATEMENT OF FINANCIAL POSITION as at 31 March 2
24
Note
2024
2023
Fixed Assets
Property, plant and equipment
Current Assets
Cash and cash equivalents
39,818
26,401
Payables: Amounts falling due within in one
year
Net current assets
Total assets less current liabilities
38,169
24,752
Net Assets
38,169
REPRESENTED BY:
Unrestricted funds
Restricted funds
Total Funds
38,169
24,752
These financia I statements were approved by the Board of Trustees on 16 December 2024 and
signed on its behalf by:
Mr Aidan O'Neill
Trustee
hn J Cavanagh
ru
Chari
Re
istration Number: 105018
CavanaghKellyr Chartered Accountants & Statutory Auditors
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ron
Roman
Trustees. Annua
atholic Board Of Education
ort and Acc
NOTES TO THE FINANCIAL STATEMENT
ear end
March 2024
I. GENERAL INFORMATION
The charity is an unincorporated charity in Northern Ireland. The charity constitutes a public
benefit entity as defined by FRS 102.
2. ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are
considered material in relation to the charity's accounts.
2.1 statement of Compliance
The financial statements have been prepared in accordance with Accounting and Reporting
by Charites: Statement of Recommended Practice (SORP) applicable to charities preparing
their financial statements in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (a5 updated through
Update Bulletin 2 published on 5 October 2018, applicable from l January 2019), the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS 102), the Charities Act (Northern Ireland) 2008 and the Charities (Accounts and
Reports) Regulations (Northern Ireland) 2015 and UK Generally Accepted Practice as it
applies from l January 2015.
2.2 Basis of Preparation
The financial statements are prepared on a going concern basis under the historical cost
convention unless otherwise stated the relevant accounting policy, Historical cost is
generally based on the fair value of the consideration given in exchange for assets. The
following accounting policies have been applied conslstently in dealing with items which
are considered material in relation to the charity's accounts.
2.3 Cash Flow Statement
The charity has applied Update Bulletin 2 as published on 5 October 2018 (Applicable 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
(i) Charitable Activities
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, certainty of receipt and the amount can be measured with
sufficient reliability.
CavanaghKellyr Chartered Accountants & Statutory Auditors
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rone Roman Catholic Board Of Education
Trustees, Annual Re
ort and Accounts
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2024
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 directly attributed to a particular heading they have been allocated to
activities on a basis consistent with use of resources. Staff costs and overhead expenses
are allocated to activities on the basis of staff time spent on those activities.
(i) Charitable Activities
This comprises all the resources applied by the charity in undertaking its work to meet
its charitable objectives. Charitable activities will include the costs of governance
arrangements which relate to the general running of the charity.
2.6 Fund Accounting
The charity has two types of funds for which it is responsible at the year end.,
Unrestricted funds - Funds which are expendable at the discretion of the Trustees
in furtherance of the objectives of the charity. In addition, funds may be held in order
to finance capital investment and working capital.
Restricted funds - Income received for specific purposes. Such purposes are within
the overall aims of the charity.
2.7 Propertyi Plant and Equipment and Depreciation
Property, plant and equipment are initially recorded at cost.
2.8 Trade and Other Receivables
Trade and other receivables are initially recorded at fair value and thereafter stated at Cost
less impairment losses for bad and doubtful debts.
2.9 Trade and Other Payables
Trade and other payables are initially recognised at fair value and thereafter stated at
cost.
CavanaghKellyi Chartered Accountants & Statutory Auditors
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cation
' Annual Re
ort and Accounts
te
TES TO THE FINANCIAL STATEMENTS
rthe
ear ended 31 March 20
Continued
5. PROPERTY, PLANT AND EQUIPMENT
Land &
Building
Total
Cost
At 31 March 2023
At 31 March 2024
Depreciation
At 31 March 2023
At 31 March 2024
Net Book Values
At 31 March 2024
At 31 March 2023
The land and building situated at Killymeal Road, Dungannon has been carried in these accounts
at a nominal value of £1. Tyrone Roman Catholic Board of Education hold the legal title to the
school building at St. Patrick's Academy, Dungannon however the asset is recognised in St.
Patrick's Academy accounts on the basis that the land and building is controlled and beneficial
ownership of the property rests with the school, in accordance with the Charities SORP 2015
(Para 10.14). All dealings with the land are inhibited until notice has been given to the
Department of Education.
6. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade payables
Accruals and deferred income
1,150
500
1,650
1,150
500
CavanaghKellyr Chartered Accountants & Statutory Auditors
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rone Roman Cath lic B
f Education
Trustees, Ann
ort and Accounts
NOTES TO THE FINANCIAL STATEMENTS
For the
ar
nded 31 March 2024
Continued
ANALYSIS OF NET ASSETS
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Property, Plant and Equipment
Current Assets
Current Liabilities
39,818
39,818
26,401
38,169
24,752
ANALYSIS OF FUNDS
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Opening balance
Income
Expenditure
Closing balance
24,752
19,703
24,752
19,703
27,021
11,432
CavanaghKelly. Chartered Accountants & Statutory Auditors
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