Charity registration number NIC107899 (Northern Ireland) Company registration number N1646108 TIO ASSOCIATES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2024
TIO ASSOCIATES LEGAL AND ADMINISTRATIVE INFORMATION Trustees J M Bothwell J M Bullock Charlty number (Northern Ireland) NIC107899 Company number N1646108 Registered 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 examiner's report statement of financial activities Balance sheet Notes to the financial statements 9-15
TIO ASSOCIATES TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE PERIOD ENDED 30 NOVEMBER 2024 The trustees present their annual report and financial statements for the period ended 30 November 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the Charity's [governing do¢ument], the Charities Act (Nl} 2008 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities pparIng their a¢¢ounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Objectives and activities a. Policies and objectives Tio Associates is a pioneer neOrk of professionals, who provide and promote Christian perspectives on intellectual disabilities using theology and ministry . Through the mediums of teaching and training Tio aims to inspire, equip and accelerate change in churches, faith communities and wider society. Important advances in educational and social inclusion for people with intellectual disabilities have taken place over the past decade, with greater advocacy for change, yet significant areas of marginalisation are still to be substantially addressed. b. Activities undertaken to achieve objectives The aim is to provide teaching, training and consultancy on intellectual disability and spirituality by making available the expertise and experience of the staff and Associates. Activities include designing and delivering courses for groups and faith communities, ¢ontributing to larger festivals, writing and broadcasting. ¢. 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 disabilities (and their families) by modelling appropriate inclusion. 3. The vision is to see a world valuing the personal and spiritual contributions of people wilh intellectual disabilities. The trustees have had regard to Charity Commission Northern Ireland's guidance on public benefit. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake. Achievements and performance Significant activities and achievements against objectives Review of activities Activities included teaching & training, disability audits oflwith churches, attendance at events, radio interview, presentations, retreat, accessible worship service, teaching, a Parent Support Group, a Ministry Support Group and a ministry group for people with intellectual disabilities. Aims for 2024-25 include the designldelivery of further online and in person teaching and training, partnership development, advancing a sustainable funding base, enhancing our social media engagement, adding new Board members when possible and the greater use of the Associate team. Financial review
TIO ASSOCIATES TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2024 Going concern The Trustees hope regarding a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future however are cognisant of financial limitations of a small charity. They, therefore. confinue to adopt the going concern basis in preparing the financial statements. Reserves policy Unrestricted income whi¢h 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 or other options sought. Structurey 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 3 members). an Executive Director (part-time, paid). an Assistant (part-time, paid) and a group of Associates (voluntary). Strategic decisions are taken by the Board and the day-to-day decisions taken by the Executive Director and Assistant, in consultation with, and accountable to. the Board. 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 would want to see greater income realised to ensure that the organisation is on a firm finanGial footing. Plans for future periods Plans include the design and delivery of online and in person teaching and training, 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. The trustees, who are also the directors for the purpose of company law, and who served during the period and up to the date of signature of the financial statements were.. J M Bothwell J M Bullock G Wilson Deceased {Deceased 18 September 2024)
TIO ASSOCIATES TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2024 Recruitment and appointment 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 of Association Organisational structure The trustees, report was approved by the Board of Trustees. J M Bothwell Trustee 29 August 2025
TIO ASSOCIATES STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE PERIOD ENDED 30 NOVEMBER 2024 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 to Prepa financial statements for each financial period which give a true and fair view of the state of affairs of the Irust and of the incoming resources and application of resources, including the income and expenditure, ofthe charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them ¢onsistently', observe the methods and principles in the Charities SORP., make judgements and estimales that are reasonable and prudent., and prepare the financial statements on the going concern 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 the trust and hen 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 on the financial statements of the trust for the period ended 30 November 2024, which are set out on pages 6t015. Responsibilsties and basls 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 Acl (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 and I have no ¢oncerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. accounting records were not kept in respect of the Charity as required by section 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 concerning the fomi and content of accounts set out in the Charities {AGcounts 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 ststement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordanGe with the Financial Reporting Standard applicable in the UK and 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 understanding of the financial statements to be rea¢hed. Jonathan R Bethel FCA Miscampbell & Co 6 Annadale Avenue Belfast BT7 3JH Dated.. 29 August 2025
TIO ASSOCIATES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE PERIOD ENDED 30 NOVEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable activities 40,915 1,423 40,915 1,423 33,200 1,003 33,200 1,003 Total income 42,338 42,338 34,203 34,203 Expenditure on: Charitable activities 44,598 44,598 32,241 32,241 Total expenditure 44,598 44,598 32,241 32,241 Net incomel(expenditure) and movement in funds (2,2601 (2,260) 1,962 1,962 Reconciliation of funds: Fund balances at 1 June 2023 5.984 2,646 8,630 4,022 2,646 6,668 Fund balances at 30 November 2024 3,724 2,646 6,370 5,984 2,646 8,630 The ststement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.
TIO ASSOCIATES BALANCE SHEET AS AT 30 NOVEMBER 2024 2024 2023 Notss Current assets Debtors Cash at bank and in hand 11 608 10,812 1,546 10,074 11,420 11,620 cdItorS. amounts falling due withln one year 12 (5,050) (2,990) Net current assets 6,370 8,630 Income funds Restricted funds Unrestricted funds 14 2,646 3,724 2,646 5,984 6,370 8,630 The company is entitled to the exemption from the audit requirement contsined in section 477 of the Companies Act 2006, for the period ended 30 November 2024. 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 statements. The members have not required the company to obtain an audit of its financial statements for the Feriod in question in accordan¢e with section 476.
TIO ASSOCIATES BALANCE SHEET (CONTINUED) AS AT 30 NOVEMBER 2024 These financial statements have been prepared in accordance with the provisions applicable to companies Subject to the small companies regime. The financial statements were approved by the Trustees on 29 August 2025 J M Bothwell Trustee Company registration number N1646108
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2024 Accounting policies Charity information Tio Associates is a private limited company by guarantee without share capital use of 'Limited' exemption. The company is incorporaled 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 the company is to provide and promote Christian perspectives on intellectual disabilities. 1.1 R8POrting period The financial statements were prepared for an 18 month period to November 2024 in line with the year end extension on Companies House. The previous year comparative figures were for a 12 month period to May 2023. 1.2 Accounting convention The financial statements have been prepared in accordance with the trust's goveming document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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) 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. 1.3 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existen for the foreseeable future. Thus the trustees continue to adopt the going ¢oncem basis of accounting in preparing the financial statements. 1.4 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 or grantors 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 maintained by the trust. 1.5 Income Income is re¢ognised 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 re¢ognised at the time of the donation.
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2024 Accounting policies (Continued) Legacies are recognised 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 contingent asset. 1.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to third party, it is probable Ihat a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. 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 attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between 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. 1.7 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. 1.8 Financial instruments The trust has elected to apply the provisions of Section 11 'Basic Financial Instnjments, and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its finan¢ial 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 enfor¢eable right to set 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 finan¢ing transaction, where the transaclion is measured at the present value of the future receipts di5¢0unted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basi¢ 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 instwments are subsequently Carried al 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. 10-
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2024 Accounting policies (Continued) Derecognition of financial liabilities Financial liabilities are derecognised when the trust's contractual obligations expl or are discharged or cancelled. 1.9 Employee benefjts The cost of any unused holiday entitlement is re¢ognised 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 termination benefits. 1.10 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accountlng estimates and Judgements In the application of the trust's accounting policies, the trustees are required to make judgements, 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 perFod 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 2024 2023 Donations and gifts 40,915 33,200 Other Income from charitable activities Unrestricted funds 2024 Unr8stricted funds 2023 Income from charitable activities Events and conference 1,423 1,003 11
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2024 Expenditure on charitable activities Charitable Charitsble Expenditure Expenditure 2024 2023 Direct costs staff costs Telephone Facilitation Insurance Computer Costs General Expenses 1,491 60 117 120 199 431 281 394 940 521 770 3,782 1,542 Share of support and governance Costs {see note 6) Support Governance 36,754 4,062 25,865 4,834 44,598 32,241 Analysis by fund Unrestricted funds 44,598 32,241 Support costs allocated to activities 2024 2023 staff costs Govemance costs 36,754 4,062 25,865 4,834 40,816 30,699 Analysed betw8en: Charitable activities 40,816 30,699 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediting)- Fees payable for the independent examination of the charity's financial statements 1,800 1,800 Trustees During the year ended 31 May 2024, telephone expenses totaling £60 were reimbursed to 1 Trustee (2023 £120 to 1 Trustee). 12-
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2024 Employees The average monthly number of employees during the period was.. 2024 Number 2023 Number Trustees Employees Total Employment costs 2024 2023 Wages and salaries Other pension costs 36,754 1,491 25,865 117 38,245 25,982 There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charily is exempt from tsx on income and gains falling with section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 11 Debtors 2024 2023 Amounts falling due within one year: Trade debtors 608 1,546 12 Creditors: amounts falling due within one year 2024 2023 Other creditors Accruals and deferred income 49 5,001 312 2,678 5,050 2,990 13 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in re5ped of defined contribution schemes 1,491 117 13-
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2024 13 Retirement benefit schemes (Continued} The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund. 14 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 June 2023 At30 November 2024 2,646 2,646 Previous yèar: At 1 June 2022 At 31 May 2023 2,646 2,646 15 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds whi¢h have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 June 2023 Incoming resources Resources expended At30 November 2024 General funds 5,984 42,338 (44,598) 3,724 Previous year: At 1 June 2022 Incoming resources Resources expended At 31 May 2023 General funds 4,022 34,203 (32,241) 5,984 14-
TIO ASSOCIATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 NOVEMBER 2024 16 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 30 November 2024: Current assetsl{liabilities) 3,724 2,646 6,370 3,724 2,646 6,370 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At31 May 2023: Current assetsl(liabilities) 5,984 2,646 8,630 5,984 2,646 8,630 17 Related party transactions There were no disclosable related paty transactions during the year (2023 - 2024). 15-