Charity registration number NIC107899 Company registration number N16461081Northern Ireland) TIO ASSOCIATES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
TIO ASSOCIATES LEGAL AND ADMINISTRATIVE INFORMATION Trustees J M Bothwell J M Bullock G Wilson Charlty number NIC107899 Company number N1646108 Reglstered office 6 Annadale Avenue Belfast BT7 3JH Independent examiner Miscampbell & Co 6 Annadale Avenue Belfast BT7 3JH Bankers Santander Customer Service Centre Bootle Merseyside Liverpool L30 4GB
TIO ASSOCIATES CONTENTS Page Trustees, report statement of trustees, responsibilities Independent examinerfs report statement of financial activities Balance sheet Notes to the financial ststements 9-14
TIO ASSOCIATES TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MAY 2023 The trustees present their annual report and financial statements for the year ended 31 May 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to Ihe financial statements and comply with the Charity's Igoveming documenti, the Charities Act {NII 2008 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Objectlves and activities a. Policies and objectives Tio Associates is a pioneer network of professionals, who provide and promote Christian perspe¢tives on intellectual disabilities using theology, story and the arts. Through the mediums of tea¢hing, training and performance, Tio aims to inspire, equip and accelerate change in Ghurches, faith communities and wider society. Important advances in educational and social inclusion for people with intellectual disabilities have taken place over the past decade, wilh greater advocacy for change, yet significant areas of marginalisation are still to be substantially addressed. b. Activities undertaken to achieve objectives Our aim is to provide teaching, training and consultancy on intellectual disability and spirituality by making available the expertise and experience of ourAssociates. Our main activities are designing and delivering courses for groups and faith communities, contributing to larger festivals, writing and broadcasting. c. Main activities undertaken to further the company's purposes for the public benefit Tio is working to bring about change in three key areas- 1. The spiritual development of people with intellectual disabilities. 2. The role of the church in promoting the value and contribution of people with intellectual disabi5ities (and their families) by modelling appropriate inclusion. 3. The lack of a strong theological voice on intellectual disability across society. Our vision is to see a world valuing the personal and spiritual contributions of people with intellectual disabilities. The trustees have had regard to Charity Commission Norihern Ireland's guidance on public benefit. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake. Achievem8nts and performance Review of activities We have continued to develop our communications strategy seeking to extend our social media presence and to design and deliver online learning appropriate to the changing landscape in ¢hurch and society. We were also able to Contribute some video Content to some of the Conferences that we would have normally attended but which went ahead on-line rather than an in-person event. The 'Following God Togetherf, group used video technology to meet during the lockdown restriction and when appropriate meet outside on a few occasions. Current plans for 2023-24 include the design and delivery of further online teaching and training (including international opportunities), partnership development, advancing a sustainable funding base, enhancing our social media engagement, adding new Board members when possible and exploring the greater use of our extended Associate team. Financial review After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
TIO ASSOCIATES TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Unrestricted reserves which have not been designated for a particular purpose, should be maintained at a level to ensure that in the event of a significant drop in funding, will enable them to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. Structure, governance and management a. Constitution Tio Associates is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 3010512017. b. Methods of appointment or election of Trustees The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum ofAssociation. c. Organisational structure and decision-making policies The current organisational structure is a Board (comprising 4 members), an Executive Director {part-lime, paid), an Assistant (part-time, paid}, a Development Group (voluntary) and 10 Associates (voluntary). StrategiG decisions are taken by the Board and the day-to-day decisions taken by the Executive Director and Assistant, in consultation wilh the Development Group, and accountable to the Board. Mid-year the position of Executive Director changed with the retirement of Dr lan Dickson. He was replaced by Dr Jill Harshaw who has been involved with Tio from the beginning. d. Financial risk management The Trustees have assessed the major risks to which the company is exposed. in particular those related to the operations and finances of the company. and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Plans for future periods Current plans for 2022-23 include the design and delivery of online teaching and training (including international opportunities), partnership development. advancing a sustainable funding base, enhancing our social media engagement, adding new Board member5 when possible and exploring the greater use of our extended Associate team. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. J M Bothwell J M Bullock G Wilson The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association
TIO ASSOCIATES TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 The trustees, report was approved by the Board of Trustees. G Wilson Trustee 26 February 2024
TIO ASSOCIATES STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MAY 2023 The trustees, who are also the directors of TIO ASSOCIATES for the purpose of company law, are responsible for preparing the Trustees. 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 lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the trust will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
TIO ASSOCIATES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TIO ASSOCIATES I report to the trustees on my examination of the financial statements of TIO ASSOCIATES (the trust) for the year ended 31 May 2023. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008. I report in respect of my examination of the Charity's financial statements carried out under the Charities Act (Northern Ireland) 2008. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under the Charities Act (Northern Ireland) 2008. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in ¢onne¢tion with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Charity as required by se¢tion 386 of the Companies Act 2006. the financial statements do not accord with those records., or the financial statements do not Comply with the applicable requirements conceming the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK a1 Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the financial statements to be reached. Jonathan R Bethel FCA Miscampbell & Co 6 Annadale Avenue Belfast BT7 3JH Dated: 26 February 2024
TIO ASSOCIATES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Charitable activities 33,200 1,003 33,200 1,003 36,256 2,125 36,256 2,125 Total income 34,203 34,203 38,381 38,381 en "ture on: Charitable activities 32,241 32,241 31,243 31,243 Net income for the yearl Net movement in funds 1,962 1,962 7.138 7,138 Fund balances at 1 June 2022 4,022 2.646 6,668 (3,116) 2,646 (470) Fund balances at 31 May 2023 5,984 2,646 8,630 4,022 2,646 6,668 The statement of financial activities includes all gains and losses recognised in Ihe year. All income and expenditure derive from ¢ontinuing activities. The slatement of financial a¢tivities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
TIO ASSOCIATES BALANCE SHEET AS AT 31 MAY 2023 2023 2022 Notes Current assets Debtors Cash at bank and in hand 10 1,546 10,074 1,453 7,460 11,620 8,913 Creditors: amounts falling due within one year 11 (2,990) (2,245) Net current assets 8,630 6,668 Income funds Restricted funds Unrestricted funds 2,646 5,984 2,646 4,022 8,630 6,668 The company is entitled to the exemption from the audit requirement Contained in section 477 of the Companies Act 2006, for the year ended 31 May 2023. The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial slatements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
TIO ASSOCIATES BALANCE SHEET (CONTINUED) AS AT 31 MAY 2023 These financial statements have been prepared in ac¢ordanGe with the provisions applicable to ¢ompanies subje¢t to the small companies regime. The financial statements were approved by the Trustees on 26 February 2024 G Wilson Trustee Company reglstration number N1646108
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 Accounting policies Charity information rio Associates is a private limited company by guarantee without share capital use of'Limited' exemption. The company is in¢orporated in Northern Ireland and has the company number N1646108. The registered office address is 6 Annadale Avenue, Belfast, BT7 3JH and principal place of business is 76 Kesh Road, Lisburn, BT27 5RR. The principal activity of Ihe company is to provide and promote Christian perspectives on intellectual disabilities. 1.1 Accounting convention The financial statements have been prepared in accordance with the trust's Igoverning documentj, the Companies Act 2006, FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The trust is a Public Benefit Entity as defined by FRS 102. The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expe¢tation that the trust has adequate reSoUrS to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the Capital must be maintsined by the trust. 1.4 Income Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recogni5ed on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a Gontingent asset.
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Accounting policies (Continued) 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured lIablY. Expenditure is classified by activity. The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attribulable to a single activity are allocated directly to thal activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activily are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation Charges are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Financial instruments The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and Cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. DeCognItion of financial liabilities Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or cancelled. 10-
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Accounting policies (Continued) 1.8 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide terminalion benefits. 1.9 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the trust's accounting policies, the trustees are required to make judgernents, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacies Unrestricted Unrestricted funds funds 2023 2022 Donations and gifts 33,200 36,256 Other Charitable activltles Charitsble Charitable Income Income 2023 2022 Events and conference 1,003 2,125 11
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Charitable activities Charitable Charitable Expenditure Expenditure 2023 2022 Staff costs Website Telephone Facilitiation Insurance Computer Costs General Expenses Exchange Difference 117 924 183 120 199 431 281 394 424 224 367 20 1,542 2,142 Share of support costs {see note 6) Share of governance costs (see note 61 25,865 4,834 24,155 4,946 32.241 31,243 Support costs Support Governance costs costs 2023 Support Governance Costs costs 2022 Staff costs 25.865 25,865 24,155 24,155 Legal and professional A¢¢ountancy Fees 3,052 1,782 3,052 1.782 3,326 1.620 3,326 1,620 25,865 4,834 30,699 24,155 4,946 29,101 Analysed beeen Charitable activities 25,865 4,834 30,699 24,155 4,946 29,101 Governance costs includes payments to the auditors of £1,782 (2022- £1,620) for audit fees. Trustees During the year ended 31 May 2023, telephone expenses totaling £120 were reimbursed to 1 Trustee (2022 - £132 to 1 Trustee). 12-
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Employees The average monthly number of employees during the year was- 2023 Number 2022 Number Trustees Employees Total Employment costs 2023 2022 Wages and salaries other pension costs 25,865 117 24,155 25,982 24,155 There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 10 Debtors 2023 2022 Amounts falling due within one year: Trade debtors 1,546 1,453 11 Creditors: amounts falling due within one yoar 2023 2022 Other creditors Accruals and deferred income 312 2,678 2,245 2,990 2,245 13-
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 12 Analysis of net assets between funds Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Fund balances at 31 May 2023 are represented by.. Current assetsl(liabilities) 5,984 2,646 8,630 4,022 2,646 6,668 5,984 2,646 8,630 4,022 2,646 6,668 13 Related party transactions There were no disclosable related party transactions during the year (2022 - 20231. 14-