Company Number:N1637859
Charity Number:NIC107940
Triax Social Economy Projects Ltd
(A company Ilmited by guarantee)
Accounts
for the year ended 31 March 2025

Triax Social Economy Projects Ltd
(A company limited by guarantee)
Contents
Poge
Infonnation
Directors Report
Independent Examiner's Report
Staiement of Financial Activities
Balance Sheet
No¢es lo che accounts
8-12

Triax Social Economy Projects Ltd
(A company limited by guarantee)
Inforniation
Company No:
N1637859
Charity No:
NIC107940
Directors
Raymond Brown
Sean Mc Monagle
Oonagh Quig.
Eddie Breslin
Karen Cunningham
LouiseAnn Kilk'ie
Anthony Brown
Ann Marie Gallagher
John Lynch
James McIvor
Catherine Pollock
Appointed 22108124
Appointed 22108124
Appointed 30109124
Appointed 22108124
Appointed 22108124
Secrethry
Oonagh Quigg
Appointed 30109124
Accountants
McGroarty Mccafferty & Compony Ltd
Accountants & Tax Consultants
? Carlisle Terrace
Derry
BT48 6JX
Reglstered Oftlce
128 Lecky Road
Derry
BT48 6NP
Page I

Triax Social Economy Projects Ltd
(A company limited by guarantee)
Report to ¢h¢ Directors for the year ended 31 March 2025
The directors present Iheir report and the financial stat¢m¢nts for the year end¢d 31 March 2025.
Our Alms and Objectives
The Charity is e5tabli&hed to promote the benefLt of the inhabitants of the Tri￿ Area (which includes Creggan,
Bishop Street, Fountain, Bogside and Brand￿ell) and the immediate environs (rhe "area of benefil") without
distinction of sex, sexual orientation, ase, race, ethnicity, disability or political or relxgious opinions by
associating the statutory authorities, voluntary organisations and inhabilanis in a common effort to combot social
isolation und engage the beneficiarie5 in social, recreational. health, 5UPPOrt and educational pursuits in order to
enhance their quality of life and promote a vibrant and healthy community spirit.
We will achieve this by:
l. Advancing art5, culture and heritage by co-ordination and dev¢loprnent of festivals, tours, exhibitions and
other events and programmes and by encouraging community participution in arts and cultural activities.
2. Advancing community development by providing practical 8UPPOrt to community and voluntary orgunisations
in the area of benefit so as to increase their efficiency und effectiveness and to encourage such organisations to
co-operate to achicve their aims.
3. Promoting the protection, enhancement and improvement of the built environmeni ond the provision of public
amenities.
4. To advance education and training and promoting the physical, intellectual and sociul development of young
children.
5. Advancing healih and promoting physical and mental well-being and participacion in healthy recreation.
6. Developing the capacity and skills of ￿ sidents of ¢ommunities in the orea of benefit that suffer social and
economic disadvantage. in such a way that they are better able to identify, ond help meet, cheir needs and
participat¢ mor¢ fully in society.
7. Providing facilities in th¢ intere&ts of social welfare for recreation and other leisure time occupations with the
object of improving the conditions of life for the said inhabitants,
8. Promoting equatity and diversity and religious and racial hmony by encournging participation in a range of
inclusive and accessible progrnmmes which strive to bring together all section5 of the community.
9. Promoting social enterprise and such other charitable purposes as may from time lo time be determined,
10.Promoting co-operation and partnership working between community and voluntary groups, public and
statutory agencies and bodies and private Sector organisutions to help achieve these Objects.
I l.PromoUng and carry out, or a8SlSt in promoting and carrying out research, surveys and inve.8tigation and
publish the useful results thereof.
12.Organising or assist in organising rneeting5. lectures, classes and exhibitions, and publish or assist in
publishing reports. periodicals, recordings, books or oiher documents or infonnation.
Financial Revlew
The financial perforniance is summarised in the enclosed accounts
Structure, Covernancc und Management
Governin(T Document
The organisation is a company with charitable status. The entity was forn]ed on 15th April 2016. The company
was established under Memorandum & Articles of Association which outlined the area of benefit and the objects
of the chariiable orLYanisation.
Page 2

Recruitment and A
ointment of the Board of Directors
The directors of the company are also charity trustees for the purposes of Ch￿ltY law and under the company's
Articles are known as members of the Board. Under the requirements of the Men]orandum and Articles of
Association, one third of the members of the Board must stand for re-election at the Annual General Meeiing.
All members of Board give their time voluntarily and receive no benefits from the charity.
Obli
atio
Board
The main obligation of the Board are to develop and oversee the implementation of policy and to ensure that
structures and management complies with legal requirements and good governance prnctice. The Board meets
every second month and reports on past developments and future plans are presented.
Mana
The Project Manager provides a monthly report to the Board which includes a financial report and an update on
project development.
Responsibilitles of the Board of Directors
In addition lo the responsibilities outlined above Lhe Board will prepure financiul siatements for each financial
year which give a fair and true view of the State of affairs of the charitable cotnpany as at the bELlance sheet date
and of its incoming resources and application of resource5. including tncome and expenditure for the tinancial
year. In preparing those financial statements, the Board should follow besi practice and.
select buitable accounting policies and apply them consistently.
observ¢ the methods and principles in the Charities SORP ?019 (FRS102).
make judgements and estimates that are reasonable and prudent; and prepare financial slatcments on the going
concern basis unlebs It is not appropriate to assume Ihut rhe company will continue on thai basis.
state whether applicable UK Accounting Standards have been followed, subjeci lo any material departures
dis¢lo8ed and explained in the financial 8tatements.
prepare the tinancial statements on the going concern busis unless it is inapproriate to ussume the company will
continue in business..
The directory are responsible for maintaining proper accounting record5 which disclose with reasonable uccuracy
at any time the financial position of the charity and enables them to ensure thac the financial Statements comply
with the Companies Act ?006. The directors are also responsible for safeguarding the assets of the charity and
hence for taking reasonable bteps for the prevention and detection of fraud and other irregularities.
This report 15 prepared in accordance with the special provisions of part 15 of the Companies Act ?006 relating to
small companies and in accordance with SORP 2019 (FRS102).
This rep
by;
rt wa£ approved ￿d auihorised for issue
ytheBoardon 11 S
tember 2025 and sioned on its behalf
Director
Director
Page 3

Triax Social Economy Projects Ltd
(A company limited by guarantee)
Independent Examiner's Report on the unaudited financial statem¢nts to the directors of
Destined Ltd
We report on the accounts of the charity for the year ended 31 March 2025.
Respectlve responsibilities of charfity committee members and examiner
As the chariiy's directors you are responsible for the preparation of the accounts in accordance with the
requirements of the Companies Act 2006. Having satisfied ourselves that the charity 15 not subject to audit
under company low, and is eligible for independent examination, it is our responsibility to:
examine the accounts under Section 65 of the Charities Act.
tollow the procedures laid down in the general Directions given by the Commission under Section 65(9) (b)
of the Churities Act.
slate whether particular matter5 have come to our attention.
Basis of Independent examiner's report
We have examined your chariiy accounts as required under Section 65 of the Charities Act and our
examination was carricd out in accordance wilh the general directions given by the Charity Commission for
Northern Ireland under Section 65 {9)(b) of the Charities Act.
The examination included a review of the accounting records kept by the charity and a comptirison of the
accounts presented with those records. It a150 included consideration of Jny unusual items or dibclosures in the
occounts, and seeking explanation from you as charity director5 concerning ony such m(itters.
Our role is Lo state whether uny material matters hiive come lo our attention giving us cause to beli$v¢:
l.That accounting records were not kept in uc¢ordance wilh Scction 386 of the Companies Act 2006.
2.That the accounts do not accord with those accounting records.
3.That the accounts do not comply with the accounting requirements of se¢tion 396 of the Companies Act 2006
and with che methods and principles of the ch￿lties Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of treland.
4.That there is further infonnation needed for a proper understanding OF the accounts to be reached.
Independent Examiner's Statement
We can ¢onfirn] we are qualified to undertake the examination and ure regulated and a member of Chartered
Accounlunts Treland, which is one of the listed bodies.
We have completed our examination and have no concerns in respect of the matters 1- 4 listed above und, in
connection with the following Directions of the Charity Commission Northern Ireland; we have found no
matters that require drawing to your attention.
L ccroarty Mc
afferty
Company Ltd
Accountants & Tax Consultants
2 Carlisle Terrace
Derry
BT48 6JX
Date: 11 September 2025
Page 4

Triax Social Economy Projects Ltd
(A company limited by guarantee)
Statement of Flnancial Actlvities
for the year ended 31 March 2025
Unrestricted
Funds
Restrlcted
Funds
2025
2024
Income and Expenditure
Incoming Resources
Grants & Sundry Income
138,187
35,408
173,595
171.973
Total Incomlng Resourc
138,187
35,408
173,595
l7l.973
Resource5 Expended
Charitable activities
Governance costs
132.168
1,272
25,308
157,476
1,272
138,679
1,310
Total Resources Expended
133,440
25,308
158,748
139,989
Net Incoming l (Outgoing) Resources
4,747
10,100
14.847
31,984
Balances brought forward l April ?024
103,874
93
103,967
71.983
Balances carried forward 3 l March 2025 10.
108,621
LO,193
118.814
103,967
The above amounts relate to continuing operations of the company.
The company has no recognised guins and losses other than those included in the results above und therefore
no separate statement of total recognised gains and losses has been presented. There is no difference between
the net incoming resources for the year stated above and their historical cost equivalents.
Page i

Triax Social Economy Projects Ltd
(A company limited by guarantee)
Balance sheet
as at 31 March 2025
2025
2024
Notes
Flxed assets
Tangible assets
43,009
1,553
Current assets
Deblors
Cash at bank and in hond
51,261
54,033
36,412
90,604
105,294
127,016
Current IiAbilities
Other creditors
Accruals
23,498
1.104
29,489
29,489
24.602
Net current ossets
75.805
I02,414
Total assets less current
liabilities
118.814
103,967
Reserves
Unrestricted
Restricted
108.621
10.193
L03,874
93
10
118,814
103.967
Page 6

Triax Social Economy Projects Ltd
(A company limited by guarantee)
(continued)
In approving these financial statements as directors of th¢ company we hereby confirn):
The company was eniitled lo exemption from audit under s477 of the Companies Act 2006 relacing co small
comapnies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilitie.s for complying with the requirements of the Companies Act
2006 with respect to accounting records and preparation of accounts.
These accounts have been prepared in uccordance with the provisions applicable to small companies subject 10
the small companies regime in accordance with Charities SORP (FRS102).
The financi
signed o
statements were approved and authorised for issue by the Board on I I September 2025 and
s behalf by;
Dlrector
Dlrector
Date . 11 September 2025
Date . 11 September 2025
Registratlon number: N1043863
Page 7

Triax Social Economy Projects Ltd
(A company limited by guarantee)
Not£s to the accounts
ror the year ended 31 March 2025
Accounting policies
The charity is a private limited company by guarantee. resi5tered in Northern treland and a registered
charity in Northern Irelund. The address of the registered office is 128 Lecky Road, Derry, B T48 6NP.
1.1. Accounting convention
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to aLI years presented unless otherwise stated.
The charity constitutes a public benefit entity as defined by FRS1O2. The financial statements have
been prepared in accordance with Accounting and Reporting by Churities: 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 Charities SORP 20I9 (FRS102) and the
Companies Act 2006.
The financial statements are prtpgwed on u going concern basis under the historical cost convention.
modifjed to included certain item5 ac fair value. The financial slutements are presented in sterling
which is the functionul currency of the charity.
1.2. Incoming resources
All incoming resources are included in the stotement of financial activities when the chari(y is entitled to
the income and the amount can be quantified with reasonable uccuracy. The following specific policies
are applicd ¢0 particular categories of income:
Voluntary income is received by way of .tyrants, donations and &Tifts and is included in full in the
%tatement of financiul activities when receivable. Grants where entitlement is not condilional on che
delivery of a specific perfomian¢¢ by the charity, ure r¢cognised when the charity becomes
unconditionally entitled to the grant.
Donated services and tacilities are included ui ch¢ volue to the charity where this can be quantified. The
value of service5 provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when
they are sold.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT
which cannot be fully recovered, and i.q reported (15 part ot the expenditure to wlLich it relates.
Choritable expendiLure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocaied directly to such activities and
those costs of an indirect nature necessary to support them.
Page 8

Triax Social Economy Projects Ltd
{A company limited by guarantee)
Notes to the accounts
for the y¢ar ended 31 March 2025
1.4. Tanglble fixed assets and depreclation
Tangible fixed assets are stated at cost less depreciation.
Depreciation 15 provided ai rates calculated to write off the cost or valuation less residual value of each
asset over its expected useful life, as follows:
Equipment
Motor vehicles
1510 Straight Line
15% Strnight Line
Income
2025
2024
Restricted Inc
Big Lotiery - Awards for All
NIHE
Triax Con5en5ual
Halifax
me
9,315
18,748
5.000
2.345
385
5,249
1,055
35,408
6.689
nrestrlcted Income
Other Income
So¢ial Economy Income
Apex Housing
32,042
48,226
57,919
67,332
26,21?
71.740
138,187
165.284
Total Income
173,595
171,973
Restricted Funds
Fund8 received which are eannorked by the Funder for specitic purpose.s. Such purposes are within the
overall aims of the organisation.
(11) Unrestricted Funds
Funds which are expendable at the discretion of the company in furtherance off the aims of the charity.
In addttxon funds may be held in order to finance capital investment and working capital.
Page 9

Triax Social Economy Projects Ltd
(A company limited by guarantee)
Notes to the accounts
ror the year ended 31 March 2025
Resources Expended
Unrestrlcted
Funds
Restricted
Funds
Totsl
2025
Total
2024
Monagement & Administratlon
Halif￿ project
Big Lottery-Awards for ALL
Social economy expenses
Project expenses
Donations
Triax Consensual
NIHE Project
Bunk charges
Depreciation
2,333
9,830
1,055
385
19,615
110,893
400
9.830
38,086
91,599
1,000
4,993
8.152
939
544
38,086
91,599
1,000
4,993
8,152
5,100
687
544
939
544
132,168
?5,308
157.476
138.679
Governance Costs
Unrestrlcted
Funds
Restricted
Funds
Tothl
2025
Tothl
2024
Accountancy Fees
1,272
1,272
1,310
Net (outgoin&)l incoming resources for tlie year
2025
2024
Net (outgoins)l incoming resources is stated after charging:
Depreciation and other amounts written off tangible fixed assetb
Accountancy fees
544
1,272
544
L,3lO
Taxntion
As a Charity, TriLx Social Economy Projects Lid is exempt from lax on income and gains falling within
section 505 of the Taxes Act 1988 or s256 of the Tuxaiion ot Chargeable Gains Act 1992 to the extent
that these are upplied to its chargeable objects. AccordAngly, no tax charges have arisen in the charity.
Page 10

Triax Social Economy Projects Ltd
(A company limited by guarantee)
Notes to the accounts
ror the year ended 31 March 2025
Tanglble assets
Motor
vehicles
Equlpment
TotAI
Cost
At l April 2024
Additions
3,625
17,000
3,625
42.000
25,000
At 3 L March 2025
20,625
25,000
45.625
Dopreciation
At l April 2024
Charge for the year
2,072
544
2,072
544
At 31 March 2025
2,616
2,616
Net book values
At 31 March 2025
18,009
25,000
43.009
At 31 March 2024
,553
1.553
Debtors
2025
2024
Grants receivable
Other debtors
41,261
10,000
36.41?
36,412
Creditors: amounts falllng due
wlthln one year
2025
2024
Bank loans and overdraft
Deferred income & other creditors
Accruals
23,498
1,104
?9,489
29,489
24,602
Page 11

Triax Social Economy Projects Ltd
(A company limited by guarantee)
Notes to the accounts
ror the year ended 31 March 2025
10.
Movements in Funds
At
At
l April Incoming Outgolng 31 March
2024 resources resources
2025
Restricted funds:
Total restricted funds
Unrutricted funds:
Total unrestricted funds
93
35,408
(25,308)
10,193
103,874
138,187 {L33,440)
108,621
Total fund5
103,967
173.595 (158,748)
118,814
Purposes of Restricted Funds
Restricted 8rdnts awarded to the charity is provided to cover the core objects a5 explained in director5
report.
ii.
Related Party Transactlons
There were no related party transactions during the yeur,
12.
Limited by Guarantee
The company is limited by guarantee and does not have a share capital.
13. Post Balance Sheet events
No significant events huve taken place since the year end that would result in adjustments to 2025
financial information or inclusion of a note thereto.
Page 12