Charity Registration Number: 105018
Tyrone Roman Catholic Board Of Education Trustee’s Annual Report and Accounts For the year ended 31 March 2025
Tyrone Roman Catholic Board Of Education Trustees’ Annual Report and Accounts
CONTENTS
For the year ended 31 March 2025
| Page | |
|---|---|
| General Information | 2 |
| Trustees’ Annual Report | 3 – 4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8 – 12 |
_________________ CavanaghKelly, Chartered Accountants & Statutory Auditors Page 1
Tyrone Roman Catholic Board Of Education Trustees’ Annual Report 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 Mr Tiernan O’Neill 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 Page 2
Tyrone Roman Catholic Board Of Education Trustees’ Annual Report and Accounts
TRUSTEES’ ANNUAL REPORT for the year ended 31 March 2025
The Trustees have pleasure in presenting their report and the accounts of the charity for the year ended 31 March 2025.
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 the resources of the Board’s estate for use by St Patrick’s Academy Dungannon, including use by the wider community.
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 2025.
Achievements and Performance
The school building and playing fields continue to be used by the school and various community groups.
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 £49,237(2024 – net incoming resources of £13,417).
At 31 March 2025, the total funds of the charity amounted to £49,237 (2024 - £38,169) 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.
_________________ CavanaghKelly, Chartered Accountants & Statutory Auditors Page 3
Tyrone Roman Catholic Board Of Education Trustees’ Annual Report and Accounts
TRUSTEES’ REPORT for the year ended 31 March 2025 (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:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP 2019 (FRS 102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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 1 July 2025 and signed on its behalf by:
Registered office:
St. Patricks Academy 37 Killymeal Road Dungannon BT71 6DS
Mr Aidan O’Neill Mr John J Cavanagh Trustee Trustee
Charity Registration Number: 105018
_________________ CavanaghKelly, Chartered Accountants & Statutory Auditors Page 4
Tyrone Roman Catholic Board Of Education Trustees’ Annual Report and Accounts
INDEPENDENT EXAMINER’S REPORT to the Trustees on the accounts of Tyrone Roman Catholic Board Of Education for the year ended 31 March 2025
We report on the accounts of the charity for the year ended 31 March 2025 which are set out on pages 7 to 13.
Respective Responsibilities of Trustees and Independent Examiner
As 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:
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examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
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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
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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:
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That accounting records were not kept in accordance with section 63 of the Charities Act (Northern Ireland) 2008; or
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That the accounts do not accord with those accounting records; or
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That the accounts do not comply with the accounting requirements of the Charities Act (Northern Ireland) 2008; or
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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: 1 July 2025
_________________ CavanaghKelly, Chartered Accountants & Statutory Auditors Page 5
Tyrone Roman Catholic Board Of Education Trustees’ Annual Report and Accounts
STATEMENT OF FINANCIAL ACTIVITIES (Including an income & expenditure account) For the year ended 31 March 2025
| INCOME AND ENDOWMENTS Charitable Activities (Note 3) TOTAL INCOME AND ENDOWMENTS RESOURCES EXPENDED Charitable Activities (Note 4) TOTAL RESOURCES EXPENDED Net (incoming) resources for the year Total funds brought forward Total funds carried forward |
Unrestricted Funds Restricted Funds Total Funds Unrestricted Funds Restricted Funds Total Funds 2025 2025 2025 2024 2024 2024 £ £ £ £ £ £ 23,192 - 23,192 19,703 - 19,703 |
|---|---|
| 23,192 - 23,192 19,703 - 19,703 |
|
| 12,124 - 12,124 6,286 - 6,286 |
|
| 12,124 - 12,124 6,286 - 6,286 |
|
| 11,068 - 11,068 13,417 - 13,417 38,169 - 38,169 24,752 - 24,752 49,237 - 49,237 38,169 - 38,169 |
These financial statements were approved by the Board of Trustees on 1 July 2025 and signed on its behalf by:
Mr Aidan O’Neill Mr John J Cavanagh Trustee Trustee
Charity Registration Number: 105018
_____________________ CavanaghKelly, Chartered Accountants & Statutory Auditors
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Tyrone Roman Catholic Board Of Education Trustees’ Annual Report and Accounts
STATEMENT OF FINANCIAL POSITION as at 31 March 2025
| Note Fixed Assets Property, plant and equipment 5 Current Assets Cash and cash equivalents Payables: Amounts falling due within in one year 6 Net current assets Total assets less current liabilities Net Assets 7 REPRESENTED BY: Unrestricted funds 8 Restricted funds 8 Total Funds 8 |
2025 £ 1 50,886 (1,650) 49,236 49,237 49,237 49,237 - 49,237 |
2024 £ 1 |
|---|---|---|
| 39,818 | ||
| (1,650) | ||
| 38,168 | ||
| 38,169 38,169 |
||
| 38,169 - |
||
| 38,169 |
These financial statements were approved by the Board of Trustees on 1 July 2025 and signed on its behalf by:
Mr Aidan O’Neill Mr John J Cavanagh Trustee Trustee
Charity Registration Number: 105018
_________________ CavanaghKelly, Chartered Accountants & Statutory Auditors Page 7
Tyrone Roman Catholic Board Of Education Trustees’ Annual Report and Accounts
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025
1. 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 (as updated through Update Bulletin 2 published on 5 October 2018, applicable from 1 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 1 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 in 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 consistently 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 1 January 2019) and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
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.
_________________ CavanaghKelly, Chartered Accountants & Statutory Auditors Page 8
Tyrone Roman Catholic Board Of Education Trustees’ Annual Report and Accounts
NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2025
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 Property, 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.
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Tyrone Roman Catholic Board Of Education Trustees’ Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2025
3. INCOME AND ENDOWMENTS
| Charitable Activities DENI Endowment Other Income Bank Interest Donations Total Income and Endowments . RESOURCES EXPENDED Charitable Activities Legal and Professional Accountancy School School Donations Total Resources Expended |
Unrestricted Funds 2025 £ 4,750 1,680 13,842 2,920 23,192 Unrestricted Funds 2025 £ 4,634 900 - 6,590 12,124 |
Restricted Funds 2025 £ - - - - - Restricted Funds 2025 £ - - - - - |
Total Funds 2025 £ 4,750 1,680 13,842 2,920 23,192 Total Funds 2025 £ 4,634 900 - 6,590 12,124 |
Unrestricted Funds 2024 £ 5,000 2,440 8,593 3,670 19,703 Unrestricted Funds 2024 £ 966 900 4,420 6,286 |
Restricted Funds 2024 £ - - - - - Restricted Funds 2024 £ - - - - - |
Total Funds 2024 £ 5,000 2,440 8,593 3,670 19,703 Total Funds 2024 £ 966 900 4,420 6,286 |
|---|---|---|---|---|---|---|
4. RESOURCES EXPENDED
CavanaghKelly, Chartered Accountants & Statutory Auditors Page 10
Tyrone Roman Catholic Board Of Education Trustees’ Annual Report and Accounts
NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2025
5. PROPERTY, PLANT AND EQUIPMENT
| Cost At 31 March 2024 At 31 March 2025 Depreciation At 31 March 2024 At 31 March 2025 Net Book Values At 31 March 2025 At 31 March 2024 |
Land & Building £ 1 1 - 1 1 |
Total £ 1 |
|---|---|---|
| 1 | ||
| - | ||
| 1 | ||
| 1 |
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
| Trade payables Accruals and deferred income |
2025 £ 1,150 500 1,650 |
2024 £ 1,150 500 1,650 |
|---|---|---|
CavanaghKelly, Chartered Accountants & Statutory Auditors
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Tyrone Roman Catholic Board Of Education Trustees’ Annual Report and Accounts
NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2025
7. ANALYSIS OF NET ASSETS
| Property, Plant and Equipment Current Assets Current Liabilities |
Unrestricted Funds Restricted Funds Total Funds 2025 2025 2025 £ £ £ 1 - 1 50,886 - 50,886 (1,650) - (1,650) 49,237 - 49,237 |
Total Funds 2024 £ 1 39,818 (1,650) 38,169 |
|---|---|---|
8. ANALYSIS OF FUNDS
| Opening balance Income Expenditure Closing balance |
Unrestricted Funds Restricted Funds Total Funds 2025 2025 2025 £ £ £ 38,169 - 38,169 23,192 - 23,192 (12,124) - (12,124) 49,237 - 49,237 |
Total Funds 2024 £ 24,752 19,703 (6,286) 38,169 |
|---|---|---|
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