Registered number N1614323 Tullysaran Community Association Report Of The Trustees and Financial Statements For the year ended 30 September 2023
Tullysaran Community Association Annual Report Contents Page Company infomiation Report of the Trustees Independent Examinevs Report Statement of finanaal activib'es 24 Balance Sheet Notes to the finanaal statements 10
Tullysaran Community Ass¢xiation Company Infomiation Trustees & Directors Mary Conlon Helen Donnelly dan Mccesh Brendan Daly Independant oxaminer LKerr&Co Unit 58 Amiagh Business Centre Loughgall Road Amiagh BT61 7NH Bankers Bank Of Ireland 11 Upper English Street Armagh BT617BH Registered office Tullysaran Community Centre Milltown Road Benburb Dungannon County Tyrone BT717NJ Regist¢rgd number N1614323 Registered Charity num1 105860
Tullysaran Community Association Trustees. Report The Trustees of Tullysaran Communty Association present their port and the financial statements for the year ended 30 September 2023. The Trustees have adopted the provisions of Accounb'ng and Reporb"ng by Chanb"es'. Slalement of Recomrnended Practice applicable to chanties preparing their accounts in accordance wtr* the Financial Reports"ng Standard applicable in the UK and Republic of Ireland{FRS102). OBJECTIVES AND ACTIVITIES The principal activits'es of Tullysaran Community Associab'on a". To promote the benefit of the community of the Tullysaran area and its surrounding rufal environs wthout disb'ncbon of age, gender, disability, sexual orientation, nats"onality. ethnic identity, political or religious opinion, by associating the statutory authorits"es, community and voluntary organisations and the inhabitants in a common effort to advan education. and to provide facilib'es in the interests of social welfare for recreakn.on or other lSUre•bme occupation, with the object of improving the conditions of life for the said inhabitants and in particular. a) to maintain and manage a community centre in the area of benefft for activits'es promoted by the company., bl to advance any other exdusively chanlable purpose as the d1CtorS may, from time to time, decide in accordance wrth the law of charity. Tullysaran Community Associab'on seeks lo achieve this objectr.ve by lawful means. ACHIEVEMENTS AND PERFORMANCE Tullysaran Community Association (TCAI is an acts've and inclusive community organisation that serves the rural population of Tullysaran and surrounding areas. Currently TCA organise a varied programme of Social inclusion and health and wellbeing acts'vibes including physical activity classes. early years and after school clubs, positive aging groups. and local fundraising initiats"ves. The three main target groups a. Young People Older People Families with ¢hildr8n with special needs. We acknowledge funding from the following organisats"ons.' DAERA-Departrnent of agriculture, environment and rural affairs Public Health Agency- CLEAR project Armagh City, Banbridge & Craigavon Borough Council National Lottery- Awards For All
Tullysaran Community Association Trustees, Report FINANCIAL REVIEW Overview The charity incurred a defict of £21.710 in the year ended 30 September 2023 12022.. deficit of £22,089). Incomlng resources Total incoming resources for the year were £24,875 12022.. £18.026). The charity continues to be thankful for peoples, wonderful efforts and generosity. Total resources expenses Total resour$ expended were £46.585 {2022.' £40,115) for the year ended 30 September 2023. It must be noted that induded in expenses is depreciation of the building amounting to £21,54712022. £21.5471. Balance sheet Nel funds are positsve at £123.493 {2022.' £145,203) as at 30 September 2023. Reserves policy The charitys 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 reserves are its total funds excluding restncted funds, and designated funds. The Company had £14,593 12022.. £14,438) free reserves at 30 September 2023. Futuro developments The charity remains true to its founding principles 'lo promote the benefit of the community of the Tullysaran area". It is hoped that a Youth Club wll be set up in the near fvture. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is controlled by its goveming docurnent, a deed of trust, and constitutes limited company, limited by guarantee, as defined by the Companies Act 2006.
Tullysaran Community Ass¢xiation Trustees, Report TRUSTEES RESPONSIBILTY STATEMENT The Trustees are responsible for preparing the Trustees. report and the financial ststemenls in accordance wth applicable law and the United Kingdom Accounting Standards (United lQ'ngdom Generally Accepted Accounts'ng Practice). Charities legislation requires the Trustees to prepare ffinanual ststements for each financial year. Under Charib-es legislats'on the Trustees must not approve the financial statements unless they are satisfied they give a true and fair view of the stste of affairs of the charity and of the incoming resources induding the ripts and payments, of the charity for that year. In Pparing these financial statements. the Trustees are required to.. - select suitable accounting poliues and then apply them consistenly.. -observe the methods and principles in the Charities SORP.. -makè judgments and accounting ests'mates that a reasonable and prudent -state whether applicable UK accounting stsndards have been followed, subject to any malerial departures disclosed and explained in the financial ststements. -prepare the financial statements on the going concem basis unless it is inappropnale to presume that the charitable company will cOn"nUe in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disdose with reasonable accuracy at any lime the financial position of the charity and enabk Ihem to ensure that the financial slalements comply with the Charits"es legislation. They are also sponSible for safeguarding the assets of the charty and hen for tsking reasonable steps for the prevention and detec"on of fraud and other irregularits'es. Approved by order of the board oftrustees on 20 May 2024 and signed on its behalf by.. Helen Donnelly- Trustee
Tullysaran Community Association Independent examinerfs roport Respective responsibilitles of charty trustees and examiner As the charity trustees land also the directo of the company for the purposes of Company law) you are sponsible for the preparab.on of the accounts in aecordance wrth the requirnents of the Companies Act 2006. Having satisfied mysew that the eharity is not subjeet lo audit under Company law. and s elrgible for independent examinab"on. it is my responsibility to.. 1. Examine the accounts under seth.on 65 of the Charitres A¢t 2. Follow the procedures laid down in the general Direclions given by the Chanty Commission for Northem Ireland under Section 8519)Ibl of the Charib-es Act. 3. Slate whether particular matters have come to my attentson. Basis of the independent examinerfs report I have examined your charity accounts as required under 5eth.on 65 of the Charities Act and my examinaty.on was carrTed out in accordance with the general D1CtionS given by the Charity Commission for Northem [land under section 65{9llb) of the Charities Act. The examination included a review of the accounting records kept by the Charty and a comparison of the accounts presenteé with those records. It also included considerats.on of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to belv&ve.' 1. That aecounting COrdS were not kept in accordance with section 386 of the Compan¢es Act 2006. 2. That the accounts do not accord wth those accounb.ng records. 3. That the accounts do not comply wtth the accounting requirements of section 396 of the Companies Act 2006 and with the melh¢)ds and principles of the Charities Statement of Recommended Practice applicable lo charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. 4. That the is further information needed for a proper understanding of the aounts to be reached. Independgnt examlnefs statement I have completed my examination and have no conM$ in respect ol the matters {1110 {41 listed above and. in connection with following the Directions of the Charity Commission for Northem Ireland. I have found no matters that requi drawing lo your attention. LKerr&Co Charted Aceountants Unit 58 Annagh Busines5 Centre Loughgall Road Amiagh BT61 7NH 20 May 2024
Tullysaran Community Association Statement of Financial Activities for the year ended 30 September 2023 Notos 2023 2022 Incoming resources Restricted funds Unrestricted funds 10.159 14,716 3.326 14.700 Total incoming resources 24.875 18,026 Resources expenses Restricted funds Charitable activities Unrestricted funds charitab ath"vities 32.024 24.873 14,561 15,242 Total resources expenses 46,585 40,115 Net incoming resourceslexpenditure) (21.710) {22,089) Fund balances brought forward 145.203 167,292 Fund balances carrled forward 123,493 145,203
Tullysaran Community Association Balance Sheet as at 30 September 2023 Notes 2023 2022 Flxed assets Tangible assets 107,737 129,284 cuent assets Cash at bank and in hand 25.756 15.919 Creditors: amounts falling due wlthin one year (10.IXQI Net current assets 15,756 15,919 Net assets 123,493 145,203 Income funds Unrestricted funds Restricted fvnds 14,593 108,900 14,438 130,765 Total funds 123,493 145,203 The Charitable company is entitled to exempl.on from audit under seth.on 477 of the Companies Act 2006 for the year ended 30 September 2023. The members have not required the charitable company to obtsin an audit of its financial ststements for the year ended 30 Septernber 2023 in accordance wtth Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and Iblpreparing finanoal statements which give a true and fair view ot the stste of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial years in accordance with the 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 applicable to the charitable company. These financial statements have been prepared in accordan wtth the special provisions of Part 15 of the Companies Act 2006 relating to small charitsble cornpanies. The financial statements were approved by the board of Trustees on 20 May 2024 and were signed on its behalf by". Helen Donnelly (Director) Mary Conlon (Director)
Tullysaran Community Association Notes to the Aeeounts for the year ended 30 September 2023 1 Accountlng policlos 8a$is ofprepartng the financi81 statements The financial statements of the charitable Company. which 1$ a public benefil enty under FRS 102. have been prePad in accordan¢e wrth the Charibes SORP IFRS 1021 Accounts"ng and Reportsng by Charits. Slalement of Recommended Practice applicable lo chanb.es pparing their accounts in accordance with the Finanual Repo"ng Standard applicable in the UK and Republ¢c of Ireland IFRS 1021 (èffective 1 January 20151,. Financial Reporting Standard 102 The Finanual Reporting applicable in thè UK and Republic of Ireland. and the Companies Act 2006. The financial ststements have been piepaTed under the historical cost ¢))nvention. Ineome Income is recognised when the charity has entillement lo the funds, any conditions attached to the item of incomè have been mel. it is pcobable that the income wiu be received and Ihe amount can be measured liabfy. Income from government and other grants. vh)elher'capilal' grants or'revenu•' grants. is recognised when the charity has enb"IlÈment to the fvnds, any conditions attathed lo the grants have been mel. it is probable thal the income will be receFveil and Ihe amount can be measured reliably and is not deferred D•pre¢iation Oepreuation has been provided at thè following rates in order to wnte off the assets over their estimated usefvl lives. Fixtures, fittrngs and equipment strat lire over 15 years Tax•tion The charity is exempt from corporaiion tax on rts raritsble aclJ"vrt*s. Expenditurn Liabilities are recogni5ed as èxpenditure as soon as there is a gaI or constructive oblwation committing thè tharity to that expenditure, il is probable that a transfer of economic beneffts will be required in settlement and the amount of the obligation can be measured reliabty. Expenditure is accounted for on an accnjals basis and has been dassified undef headings Ihat aggregate all cost related lo the ¢ategory. Where costs cannot be direclly attn"buted to part¢oJlar headings Ihal have been allo¢aled to ath"vrtiè$ on a basis consislent wth the use of resources. Fund accountlng Unrestricted funds can be used in accordan Vlrth the tharitable obje(Aives at thè disuetion of tha ITUStees. RestriGted ftjnds can onty be used fof particular restriced purposes within th& objects ol th& charity. Restrictions arise when spe¢ified by the donor or when fvnds are raised for parb"uJlar restricted purposes.
Tullysaran Cornmunity Associalion Notes to the Accounts for the year ended 30 Septsmber 2023 2 In¢om• 2023 2022 Rostrf¢tgd funds Grant incomè 10,159 10,159 3.326 3.326 Unr•strlctod funds Communrty events Grant income Other income 14.486 250 9.746 4.492 462 14,716 14.700 3 Charttabl• a¢tivitSes 2023 2022 Rostrlet•d funds Staff costs Heat & light Equipment Insurance Professional fees Community èvents Depreciation 918 1.000 1,488 1.806 1,038 375 6,340 21.547 32,024 838 27.547 24.873 2023 2022 UnStrIcd funds Staff costs Heal & light Equipmènt Insurane* Cleaning Charitable donations Community events General expenses Repairs and maintenanrE Bank fees Rates Community events Prgfessional fees 8.295 4.040 7,300 3.189 868 1,001 187 494 1.154 281 279 114 398 90 581 759 153 660 110 14.561 1 S,242
Tully3aran Community Association Notes to the Accounts for the year ènded 30 September 2023 4 Tangibl• flx¢d ass•ts Land & Bullding¥ Co$t At 1 October 2022 At 30 September 2023 323,207 323,207 Depreclatlon At 1 October 2022 Charge for the year AI 30 September 2023 193.923 21,547 215.470 Not book value AI 30 September 2023 107.737 At 30 September 2022 129.284 S Credltors: amounts falling dufr within one year 2023 2022 Revenue grant 10.OIJO 6 Securlty As part of the funding application to SOAR. TlySaran Community Associats'on had lo register a charge in favour of the Oeparlmènt of Agrictjtture and Rural Development {DARD} a$ security over the land and property. 7 TransactSons wlth directors No directors received any remuneration or expenses during the year. 8 Condngont Ilability The cornpany has a contingent liability to repay Capital grants if certain condiDons are not mel. but in the opinion of the directors, these ctrcumslances are unlikely lo occur. 10