Registered number N1614323 Tullysaran Community Association Report Of The Trustees and Financial Statements For the year ended 30 September 2022
Tullysaran Communlty Associatlon Annual Report Contents Page Company information Report of the Trustees Independent Examiner's Report Statement of financial activities 24 Balance Sheet Notes lo the financial slalements 8-10
Tullysaran Communlty Assoclallon Company Information Trvste8s & Dlrectors Mary Conlon Helen Donnelly Aidan Mccreesh Brendan Daly Independant axamlner LKerr&Co Unil 58 Armagh Business Centre Loughgall Road Arrnagh BT617NH Bankors Bank Of Ireland 11 Upper English Street Amiagh 8T61 78H Reglst6red offlco Tullysaran Community Centre Milltown Road Benburb Dungannon County Tyrone BT71 7NJ Ragl8ter•d numbor N1614323 R•glst•red Charlty numbèr 105860
Tullysaran Community Assoclatlon Trustee5' Report The Trustees of Tullysaran Community Association present their report and the financial statements for the year ended 30 September 2022. The Trustees have adopted the provisSons of Accounting and Reportfng by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance th th& Financial Reporting Standard applicabl& in the UK and Republic of Ir8landlFRS1021. OBJECTIVES AND ACTIVITIES The prSnclp81 a¢tlvStles of Tullysaran Communlty Association are: To promote the benefit of the community of the Tullysaran area and ils surrounding rural environs without distinction of age. gender, disability, sexual orientation, nationality, ethnic Identity, political or religious opinion, by associallng the slalL¢lory aLtlhorilies, community and voluntary organisalions and Ihe inhabitants in a common elfort lo advanc8 education, and lo provide facilities in the interests of social welfare for recreation or oth8r18isure-lime occupation, with the object of improving the condillons of life for the $8id inhabi18nls and in particular.. a) lo maintain and manage a communlly centre In the area of benefit for activities promoted by the company., bl lo advance any other exclusively charitable purpose as the dlreclors may, from lim& to lime, declde In accordance with th& law ol charity, Tullysaran Community Asso¢lallon seeks lo ach18ve this objective by lawful means. ACHIEVEMENTS AND PERFORMANCE Although not back lo pre0Vid levels of acllvity we werè d&lighled to gel programmas back up and running agaln. 11 has been a difficult few years for our ¢ommunlty and now moro than ever we hope to provide acllvi11gs lo bring people together. Social interaction is &s$enlial for our resldents and in particular our three maln largel groups.. Young People Older People Families with children wllh special needs. We acknowledge funding from Covid R&covery Programme fram Dèp2rtm6nt of Communlties which was a lifeline for us lo help us get back on our feet again after the effects of covid on our charity.
Tullysaran Communlty Associatlon Trustees. Report FINANCIAL REVIEW Overvlew The company Incurred a defict of £22,089 in the year ended 30 September 2022 (2021: deficit of £27,913). Incomlng resources Total incoming resources for the year were £18,026 12021.. £14,495). The charity continues to be thankful for peoples, wonderful efforts and generosity. Total resources expense5 Total resources expended were £40,115 12021- £42,408} for the year ended 30 September 2022. It musl be noted that included in expenses is depreciation of the building amounting lo £21.54712021.' £21,547). Balance sheet Net funds are positive at £145,20312021.' £167.2921 as at 30 September 2022. Reservgs poIIcy The charity's policy Is to maintain a level of free reserves which meets the needs of the Company both at the current time and for the foreseeable future. Free reseTve5 are its total funds excluding restricted funds. and designated funds. The Company had £14.719 12021.. £14,955) free resetves at 30 September 2022. Future developments The charity remains true to its founding principles lo promote the benefil of the community of the Tullysaran area" 11 is hoped that a Youth Club will be set up in the n88r future. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docurnènt The Charity is controlled by its governing document, a deed of trust, and constitutes limited company. limited by guarantee, as defined by the Companies Act 2006.
Tullysaran Community Assoclation Trustees, Report TRUSTEES RESPONSIBILTY STATEMENT The Trustees are responsible for preparing Ihe Truste8s' report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charities legislation requires the Tntstees to prepare financial statements for each financial year. Under Charities legislation the Trustees must not approve the financial statements unless they are satisfied they give a Irue and fair view of the slate of affairs of the charity and of the incoming resources including the receipts and payments. of the charity for that year. In preparing these financial statements, the Trustees are required to: select suitable 8ccounling policies and then apply them consislenlly,. -obs8rve the methods and principles in the Charities SORP.. -make judgments and accounting estimates that are reasonable and prudent; -state whether applicable UK accounting standards have been followed. subject lo any material departures disclosed and explained in the financial statements. -prepar6 the financi81 statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain tha charity's transactions and disclo$8 with reasonable accuracy at any lime the financial position of the charity and enab18 them to ensure that the financial slalements comply with the Charities legislation. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention end detection of fraud and other irregularities. Approved by order of the board of trustees on 17 May 2023 and signed on its behalf by.. Helen Donnelly - Trustee
Tullysaran Communlty Assoclatlon Independent examiner's report RespgGtlvo responslbllltle5 of charlty trustees and 8xamlner As the charity trustees land also Ihe directors of the company for the pose$ of company law) you ar8 responsible lor the preparation of the accounts in accordance with the requirements of the Companles Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligib18 for independent examination, il is my responsibility lo.. 1. Examine the accounts under section 65 of the Charities Act 2. Follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under section 65(9llbl of the Charities Act. 3. Slate whether particular matters have come lo my attention. Basis of tho indgp&nd8nt oxaminer'5 report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accord8n¢e with the gener81 Directions given by the ChaTity Commission for Northem Iroland under section 6519llbl of the Charities Act. The examination included a review of the accounting records kept by the Char¢ty and a comparison of the accounts presented with those records. 11 also included consideration ol any unusual items or disclosures in the accounts, and seeking explanations from you as charity Iruslees conceming any such matters. My role is lo stale whether any material matters have come lo my attention giving me cause to believe.. 1. That accounting records were not kept in a¢cordan¢e with sèction 386 of the Companies Act 2006. 2. That the accounts do not accord with those accounting records. 3. That the accounts do nol comply with the accounting requirement5 of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Slalemenl of Recommended Practice applicable to chadties praparing their accounts in accordance with th& Flnancial Repoitng Standard appllcable in the UK and Republic of Ireland. 4, That thore is further Informatlon needed for a proper understandin9 of the accounts to bg reached. Independènt axaminerfs statement I have completed my examination and have no concerns In respect of the matters11) to141 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 attenlion. LKerr&Co Chartered Accountsnts Unil 58 Armagh Business Centre Loughgall Road Armagh BT61 INH 17 May 2023
Tullysaran Community Assoclatlon Statement of Flnanclal Activities for tho year ended 30 September 2022 Notgs 2022 2021 Incoming resources Restricted fund5 Unreslricled funds 3.326 14,700 5,260 9,235 Totsl incoming resources 18,026 14,495 Rosources 8xpgn$es Rg$tri¢ted funds Charitable activities Unr•strlct•d fund8 Charitable activities 24,873 26.807 15,242 15.601 Total resources oxpen5es 40.115 42.408 Net incomlng rosourceslexpendlture) 122.089) (27,9131 Fund balances brought forward 167.292 195,205 Fund balances ¢arTied forward 145,203 167,292
Tullysaran Communlty Assoclatlon Balance Sheet as at 30 September 2022 Notes 2022 2021 Flxed asséts Tangible assets 129.284 150.831 Current assets Cash al bank and In hand 15,919 16,461 Net current assots 15.919 16.461 N•t as$ots 145,203 167,292 Income funds Unrestricted funds Restricted funds 14,438 130,765 14,980 152,312 Total funds 145,203 167,292 Th• ¢harilable company Is entitled to exempllon from audlt under Sectlon 477 of the Companles A 2006 for the year ended 30 September 2022. The member8 have not requlred the charltsble company to obtain an audit of its financial statements for th8 year ended 30 September 2022 In accordance with Sectlon 476 of the Companies Act 2006. The Iruslees a¢knowl8dge their re8pon8iblli1185 for lal 8n5urlng th81 the charltable company keeps accountlng records that comply wllh S8Ctlon 386 and 387 of th& Companies Act 2006 and {blpreparing flnanclal slalements which glve a true and falr view of the stale of affaiTS of the charitabl& ompany as at the ond of each flnancial year and of Its surplus or deficit for each financial years in accordance with the r8qulrements of Sections 394 and 395 and which olherwSse comply with the requir8rnenls of the Companies Ad 2006 relating lo financial slalements, so far as applicable trj the charitable company. These flnAnci81 slalements have been prepared In accordance wllh the speclal provlslons of Part 15 of the Companies Act 2006 relallng lo small charitable oompanles. The financiBI stalements were approved by lh8 board of Tru8lees on 17 May 2023 and were signed on ils behalf by,. Helen Donnelly (Dlrectorl Mary Conlon (Dlrector) 4LLLkn,dl
Tully5aran Cornmunlty A5s0clatlon Notes to the Accounts for tho year ended 30 Septsmbar 2022 1 A¢¢ounting pollcies Basls of prèparing th• Ilnanelal statèmènts The financial statements of the charitable company. which is a public benefft entry under FRS 102, hav8 been prepared in accordance with th8 ChaTlt18s SORP IFRS 1021 Accounting and Reporting by Charities.. Staternent of Recommended Practice applicable to charities pieparing thèir accounts in accordance with the Financial Repcirt¢ng Standard applicabl6 in tha UK and Republic of Ireland IFRS 1021 (effective 1 January 20151,, Financtal Reporting Standard 102 'The Financial Reporting applicable in the UK and Republic tsf Ireland. and the Companies Act 2006. The financial statemenis have been pr8par&d und8r the historical cosl convention. Incorne Income is recognised ¥then the charity has entlement to the funds, any conditions attached to the rtem ol income have been mel, il is probable that the income bMII be I1Ved and the amount can b8 measured reliably. Income from government and other gr8nls. whether 'capital' grants or'revenue, grants, is r6eognis8d the charity has entitlement to thè funds, any conditions attached to th8 granls have been met, it Is probab18 that the income will be recèived and the amount can be measuré¢J retiably and is not deferred Depreclallon Depreciation has b9en provided at the folk)wng ratès in ordgr to write off the assets ovor thèir estimated useful Ilv¢$. Fixtures, fith'ngs and eqLtipment Slraight line over 15 years Taxatlon The charity is exempt from corporatson tax on its charitsble actlvities. EYp8ndlture Liabilities are recognls8d as expenditure as soon as th8r8 is a legal or constnjctive obligation ommitting the charity to that expenditure. it is probable that a transfer of ecormi¢ benelils wll b6 required in $8ttbmenl and th6 amount ol the ob5igation can be wneasLJred reliably. Expenditur6 is accounted for on an accruals basis and has been classified under h&8ding5 thal aggregate all cost reLiled lo the category. Wherg c051s cannot be directly attributed lo particular headings that havo been allocated Io 8Cttvitie5 on a b83is consislent with the use of resources. Fund accounting Unrestricted funds can b& used in accordance wilh the charitsbl& objects'ves at the discr&tson of the trustees. Restricted funds can only be vsed lor particular resthc*d Purposes wslhin the tsbjtrcts of Ihe charity. Restrictions arise when specified by the donor or when funds are raised for particular re8tricted purposes.
Tullysaran Community As$o¢lation Notes to the Accounts for the ar endèd 30 September 2022 2 Incom• 2022 2021 Restrlet¥d funds Grant income 3,326 3,326 5.260 5,260 Unrestrirtad funds Communty events Grant incomè Other Incorre 9,746 4,492 462 2,305 6,930 9.235 14,700 3 Charlt•bltr •ctlvltles 2022 2021 Rèstrlct•d funds Heat & light Equipm8nt Charitable donations Repairs and maintenanc• Community events Deprèciation 1,000 1,488 2,500 2,000 760 21.547 26,807 838 21,547 24,873 2022 2021 Unrestrlcted funds Staff costs Heat & light Equipmont Insurance Cleaning Ch8rilable donations Community events General expenses Repairs and m8inten8nce Bank fees Rale5 Community events Professional f88S 7,300 3,189 9,254 1,866 1,001 187 938 311 soo 928 200 429 88 467 139 481 15,601 1,154 281 279 114 398 90 581 15.242
Tullysaran Communlty Assoclatlon Note5 to the Accounts lor the yèar endgd 30 Septembèr 2022 4 Tanglbl• fix•d as$et• Llnd & Bulidlng• Cost At 1 October 2021 At 30 Septembor 2022 323,207 323 207 Dopreclatlon At 1 October 2021 Charga lor the year AI 30 Septembof 2022 172,376 21,547 193,923 Nel book valu• At 30 S?ptemb&r 2022 129,284 At 30 September 2021 150,831 S S•¢urlty AS p8rt of tha funding gpplication lo SOAR, Tullysaran Community Associ8lion hgd to register ch8fge In favour of th8 Departrngnt of Agrlcultura and Rural Dev?lopmont IDARDI as security over Ihe18nd and propèrty. 6 Tr4n•JGllon• wlth dlr•ctorn No dlreclors raVad any remuneratlon or •xpens•s durln9 th& y&or. 7 Contlng•nt Ilablllty Tho company has a conlingenl Ilablllty to r8p8y c8pllal gran15 if eartain condltlons are not mel, bul tha opinlon of the directors, these circumst8nces are unllkèly to occur. 10