Train 2B Smart Ltd Charity No. N1108894 Company No. N1665130 Trustees. Report and Unaudited Accounts 31 March 2024
Train 2B Smart Ltd Contents Pages Trustee5' Annual Report Independent Examiner's Report Statement of Financial Activities 2to4 Summary Income and Expenditure Account Balance Sheet Statement of Cash flows Notes to the Accounts IOto16 Detailed Statement of Financial Activities 17to18 Page I
Train 2B Smart Ltd Trustees Annual Report The trustees, who are also dirertors of the charity forthe purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMIN15fRATIVE DEfAILS Company No. N1665130 Charity No. N1108894 Principal Office 96c Castor Bay Road Lurgan Craigavon BT67 9LF Re8lStered Offi 96c Castor Bay Road Lurgan Craigavon BT67 9LF Directors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Direttors and Trustees served during the year: E. Greene C. Malone P.J. McGibbon Key Management Personnel Chairperson Treasurer Eugene Greene Feargal Hosty Pat McGibbon Snr secretary Accountants Byrne Mccann & Co. Ltd. 67 Edward Street Lurgan Co. Armagh BT66 6DD Bankers Santander 49 Market Street Lurgan BT66 6AA OBJEcfivES AND AcfiviTIES Page 2
Train 2B Smart Ltd Trustees Annual Report The Charitys objects I'the Objetts'l are the promotion of community Participation in healthy recreation. in particular the provision of facilities for the playing of football. During year 23-24, Train 2B Smart IThBSI continued to provide mental health and wellbeing through sport and attivity throughout the local and wider Lurgan/Craigavon Community, with the 5 steps to wellbeing being at the heart of our charity ethos. Alongside the charity drop-in sessions for ages 5-6 years held in our safe shared space at Centrepoint, Lurganl led through former Tottenham Hotspur and Northern Ireland International, Gerard Mcmahon), we also fielded affiliated teams from ages 7 through to 18 years and continued our emphasis on enjoyment and play within our afFiliated small sided games teams lage5 8 - 101. development at the under 11- 12 level and competitive teams playing within the Mid Ulster Youth League at under 13 and above. ThBS continued to provide representation in various Presentations, workshops and Public Events throughout the year, providing children. adolescent and adult personal and professional development with the emphasis of GROW model learning (GOAL REALITY OPPORTUNITY WAY FORWARDI. The ThBS 2010 {under 151 team reached the Mid Ulsteryouth Cup final, eventually being narrowly beaten in the final and as part of the Volunteer Development Pathway, ThBS encouraged coaches and committee members to take part in various CPD events. Our 304 Volunteer coaches completed Access Nl checks and Child Protertion Courses and we collaborated with the Harry Gregg Foundation, to spread our charity message through feeder Youth sports clubs such as Portstewart FC and Portrush FC. Pat McGibbon Jnr co-ordinated the planning, preparation and delivery of mental health workshop and continued to deliver and present workshops Wlthin schools, colleges, universities and partner Foundations speaking to students at schools at a local level le.g. Tullygally Primary School and Lismore Comprehensivel and a regional level le.g. Bangor High School and Oakwood Integrated (through the Manchester United Foundation). Pat McGibbon also presented a mental health workshop at Knockbreda Fcfor youth team Players from the club. emphasising our Charity'lts smart 2 talk message" This message was also promoted on various playing shirts within local senior football in the l Mid Ulster League , with Goodyear FC and Ballyoran FC sporting the key mental health message. Train 2B Smart continued to provide for our service level users at our leased facility in Centrepoint, Lurgan. Sports which included rugby, gaelic, hurlin& soccer, athletics and archery were provided for in a safe shared place for all those involved. ABC Council events (Midnight Soccer) took place at Centrepoint allowing young people a safe shared space to play football on weekend evenings helping to reduce anti-social behaviour. The charity continued to promote our plastic rerycling {lts Smart 2 Talk Plastics) projett, collecting and shredding plastics and educating the local community on the processes involved in using old plastics to 3-D Print. In partnership with ABC Council ThBS received funding through the Take 5004 programme for 313rge 3D printer to help with understanding recycling and the GROW model of learning in the area of plastics. ThBS continued to develop in the Key areas of both governance and organisation, with the Committee and Projett Co- Ordinator Pat McGibbon attending scheduled regular meetings in regards to financial, organisational, operational and governance growth. Kirsty Andrews l Tullygally PS Principall was elected onto the Train 2B Smart Trusteeship and we continued to liaise regularly with Tullygally Primary School, the Education Authority, the Mcclay Foundation, ABC Council and other organisations to build partnerships which could oversee development of part of the Tullygally PS site into a multi-purpose facility with a nature walking/running trail as part of a vision for children/young people and the local community in line with the 5 steps to Wellbeing. As part of our strategic plan to provide provision for health and wellbeing education through sport and activity, we continued to oversee planning, preparation for the delivery of a Playing pitch forschool and community use at the Tullygally Primary School Sitel short- medium term, 1-3 years), with a health and wellbeing trail being provided on this site in the medium- long terml 3-5 years) The Trustees confirm thatthey have had regard to the guidance issued by the Charity Commission on public benefit. Page 3
Train 2B Smart Ltd Trustees Annual Report A13rger charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities... A larger charity must provide an explanation how the achievement of its aims will further its legal purposes... A larger charity must provide an explanation of its strategies for achieving its stated aims and objectives... A larger charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period... A larger charity should provide a more detailed explanation of its short-term and long-term aims and objectives... FINANCIAL REVIEW Train 2B Smart Ltd had a deficit of £26636 during the period ended 31st March 2024. Amount of reserves has fallen to £22806. The chariws poliry is to hold reserves in order to continue with its aim5 in future periods if financial uncertainty or significant decreases in income should occur. No foreseen uncertainty at period end. PLANS FOR FUTURE PERIODS A larger charity must provide a summary of the charity's plans for the future including its aims and objectives and details of any plans to achieve them A larger charity's report should explain the trustees perspective of the future direttion of the charity... STRUCTURE, GOVERNANCE AND MANAGEMENT Type of governing document is constitution and is constituted by memorandum of association Eletted by group. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 1021. d on behalf of the board ene Trustee 31 December 2024 Page 4
Train 2B Smart Ltd Independent Examiner5 Report Independent Examiner's Report to the trustees of Train 2B Smart Ltd I reportto the charity trustees on my examination of the financial statements of Train 2B Smart Ltd forthe year ended 31 March 2024. Responsibilities and basis of report As the charity's trustee5 of the company {and also its directors forthe purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Att 20061'the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Att and are eligible for independent examination. I report in respect of my examination of your charity's financial Statements as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Direttions given bythe Charity Commission under 5ettion 145(51 Ibl of the 2011 Att. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe- accounting records were not kept in accordance with section 386 of the 2006 Act- or the financial statements do not accord with those records- or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered 35 part of an independent examination,. or 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 and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connertion 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 reached. Raym nd Mccann FCCA Byrn Mccann & Co. Ltd. 67 Edward Street Lurgan Co. Armagh BT66 6DD 31 December 2024 Page 5
Train 2B Smart Ltd Statement of Financial Attivities for the year ended 31 March 2024 Unrestricted Restricted funds Total funds Total funds 2024 2024 2023 funds 2024 Notes Income and endowments from: Donations and legacies Charitable activities 60.999 63.473 60.999 63,473 73,599 34,254 Total 124,472 124.472 107,853 Expenditure on: Raising funds Charitable activities Other 19,796 44,160 87,152 19,796 44,160 87,152 17,869 80,203 Total 151.108 151,108 98.072 Net gains on investments Net {expenditure)/income Transfers bebNeen funds 126.6361 126,636) 9,781 Net {expenditure)/income before other gains/(1055es) {26,6361 126,636) 9,781 Other gains and losses Net movement in funds {26,6361 126,636) 9,781 Reconciliation of funds: Total funds brought forward 135.3341 84,776 49,442 39,661 Totsl funds carried forward 161,970) 84.776 22.806 49.442 Page 6
Train 2B Smart Ltd Summary Income and Expenditure Account for the year ended 31 March 2024 2024 2023 Income 124,472 107,853 Gross income for the year Expenditure 124,472 107,853 148,629 96,520 Depreciation and charges for impairment of fixed 355ets 2,479 1,552 Total expenditure for the year Net lexpenditurel/income before tax for the year 151.108 98,072 126,6361 9,781 Net (expenditure )/income for the year 126,6361 9,781 Page 7
Train 2B Smart Ltd Balance Sheet at 31 March 2024 Company No. N1665130 Notes 2024 2023 Fixed assets Tangible assets li 5,883 5,883 4,657 4,657 Current assets Cash at bank and in hand 19,273 19.273 12.3501 16,923 47,135 47,135 12.3501 44.785 Creditors: Amount falling due within one year Net current assets 12 Total assets less current liabilities 22.806 49.442 Net assets excluding pension asset or liability 22,806 49,442 Total net assets 22,806 49,442 The funds of the charity Restricted funds Restricted income funds 13 84,776 84.776 84.776 84,776 Unrestricted funds General funds 13 161,9701 161,970} {35,334} 135,3341 Reserves 13 Totsl funds 22,806 49,442 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Art 2006 relating to small companies. For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Att 2006. The direttors acknowledge their responsibilities for comp5ying with the requirements of the Companies Att 2006 with respectto accounting records and the preparation of accounts. Approved by the board on 31 December 2024 And signed on its behalf by- E. Greene Trustee 31 December 2024 Page 8
Train 2B Smart Ltd Statement of Cash flows forthe year ended 31 March 2024 2024 2023 Cash flows from operating artivities Net (expendtture)/income per Statement of Financial Activities {26,6361 9,781 Adjustments for: Depreciation of property, plant and equipment 2,479 1,552 Net cash {used in)/provided by operating activities 124,1571 11,333 Cash flows from investing activities Payments for property, plant and equipment {3,7051 16.2091 Net cash used in investing artivities {3,7051 16,2091 Net cash from financing activities Net {decrease)fincrease in cash and cash equivalents 127,8621 5,124 Cash and cash equivalents atthe beginning of the year 47.135 40,811 Cash and cash equivalents atthe end of the year 19.273 45.935 Components of cash and cash equivalents Cash and bank balances 19.273 47.135 19.273 47,135 Page 9
Train 2B Smart Ltd Notes to the Accounts for the year ended 31 March 2024 l Accounting policies Basis of preparation The financial statements have been prepared in accordance with 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 IFRS 1021 leffective I January 20151 {Charities SORP IFRS 102}I, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companie5 Act 2006. Change in basis of accounting orto previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since 135t year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objetts of the charity. These are unrestricted funds earmarked by the trustee5 for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets attheir market V31ue5. These are available for use subjett to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restritted funds Income Recognition of income Income is included in the Statement of Financial Activities1SoFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income Iwith an equivalent amount in expenditure) and facilities where the benefit to the Charity is re350nably quantifiable, measurable and materi31. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llossesl on This includes any gain or105s resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llosses) on investment 3ssets This include5 any gain or loss on the sale of investments. Page 10
Train 2B Smart Ltd Notes to the Account5 Expenditure Recognition of expenditure Expenditure is recogni5ed on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attratting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable attivities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees atthe end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from corporation tax on its charitable attivities. Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to payfor the items on the open market. Trade and other debtors Trade and other debtors are recognised atthe settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Page 11
Train 2B Smart Ltd Notes to the Accounts Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date th3tthe transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated 35 3 finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower. at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned beeen finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately. unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability- The aggregate benefit of incentives is recognised 35 a reduction of rental expense on a straight-line b35i5. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Receipt of donated goods, facilities and services All donated goods. facilities and service5 received are recognised within incoming resource5 and expenditure at an estimate of the value to the charity. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. Page 12
Train 2B Smart Ltd Notes to the Accounts 3 Statement of Financial Artivities- prior year Unrestricted funds Restricted funds Total funds 2023 2023 2023 Income and endowments from: Donations and legacies Charitable activities 73,599 34,254 73,599 34,254 Totsl 107,853 107,853 Expenditure on: Raising funds Other 17,869 80,203 17,869 80,203 Total 98,072 98,072 Net income 9,781 9.781 Net income before other gains/(losses) Other gains and losses: 9,781 9,781 Net movement in funds 9,781 9,781 Reconciliation of funds: Total funds brought forward Total funds carried forward {35,3341 125,5531 74,995 39,661 74,995 49,442 4 Income from donations and legacies Unrestrirted Total Total 2024 2023 60,999 60,999 60,999 60,999 73,599 73,599 5 Income from charitsble artivities Unrestricted Total Total 2024 2023 63,473 63.473 63,473 63,473 34,254 34,254 Page 13
Train 2B Smart Ltd Notes to the Accounts 6 Expenditure on raising funds Unrestricted Total Total 2024 2023 Fundraising trading costs 4.215 7.221 8,360 19.796 4,215 7,221 8,360 19,796 7,866 978 9,025 17,869 7 Expenditure on charitable activities Unrestricted Total Total 2024 2023 Expenditure on choritable activities 44,160 44,160 Governance costs 44,160 44,160 8 Other expenditure Unrestrirted Total Total 2024 2023 Employee costs Motor and travel costs 30,768 7,363 37,196 30,768 7,363 37,196 31,154 4,062 39,612 Premises costs Amortisation, depreciation. impairment, profit/loss on disposal of fixed assets General administrative costs 2.479 2,479 1,552 7,996 1,350 87,152 7,996 1,350 87,152 2,623 1,200 80,203 Legal and professional costs 9 Net (expendtture)/income before transfers 2024 2023 This is stated after charging: Depreciation of owned fixed assets 10 Staff costs 2,479 1.552 2024 2023 31,154 31,154 Salaries and wages 30,000 30,000 No employee received emoluments in excess of £60,000. Page 14
Train 2B Smart Ltd Notes to the Accounts 11 Tangible fixed assets Cost or revaluation At l April 2023 Additions At 31 March 2024 Depreciation and impairment At IApril 2023 Depreciation charge for the year At 31 March 2024 6,209 3,705 9,914 6,209 3,705 9,914 1,552 1,552 2,479 2,479 4,031 4,031 Net book values At 31 March 2024 At 31 March 2023 12 Creditors: amounts falling due within one year 5,883 4,657 5,883 4,657 2024 2023 Accruals 2,350 2,350 2,350 2,350 13 Movement in funds Incoming resources {including other At l April gains/losses 2023 At31 March 2024 Resources expended Restricted funds: Restricted income funds: 84,776 84,776 Total 84,776 84,776 Unrestricted funds: General funds 135,3341 124,472 {151,1081 161,9701 Total funds 14 Analysis of net assets between funds 49,442 124,472 1151,1081 22.806 Unrestrirted funds Restricted funds Total Fixed assets 5,883 5,883 16,923 22.806 Net current assets 16.923 16,923 5,883 Page 15
Train 2B Smart Ltd Notes to the Accounts 15 Reconciliation of net debt At31 At IApril 2023 March Cash flows 2024 Cash and cash equivalents 47,135 47,135 127,8621 127,8621 19,273 19,273 Net debt 47,135 {27.8621 19,273 16 Related party disclosures Controlling party The company is limited by guarantee and has no share capital," thus no single paty controls the company. Page 16
Train 2B Smart Ltd Detailed Statement of Financial Activities for the year ended 31 March 2024 Unrestricte d funds 2024 Total funds 2024 Total funds 2023 2024 Income and endowments from: Donations and legacies 60,999 60,999 60,999 60,999 73,599 73,599 Charitable attivities 63,473 63,473 63,473 63,473 34,254 34,254 Total income and endowments 124,472 124,472 107,853 Expenditure on: Costs of other trading activities 4,215 7,221 8,360 19,796 4,215 7,221 8,360 19,796 7,866 978 9,025 17,869 Total of expenditure on raising funds 19,796 19,796 17,869 Charitable activities 44,160 44,160 44,160 44,160 Total of expenditure on charitable activities 44.160 44,160 Employee costs Salaries/wages Staff training 30,000 768 30,000 768 30,768 31,154 30,768 31,154 Motor and travel costs Vehicles - General costs Travel and subsistence 1,033 6,330 7,363 1,033 6,330 7,363 1,304 2,758 4,062 Premises costs Rent 34,493 1,676 283 34,493 1,676 283 34,493 2,204 105 Light. heat and power Premises cleaning Premises repairs and maintenance 744 744 2,810 37,196 37,196 39,612 General administrative costs, including depreciation and amortisation Page 17
Train 2B Smart Ltd Detailed Statement of Financial Artivities Depreciation of General insurances Software, IT support and related Costs 2,479 540 2,479 540 1,552 529 69 69 289 Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband 134 134 359 2.717 3,478 1,058 10.475 2,717 3,478 1,058 10,475 680 766 4,175 Legal and professional costs Accountancy and bookkeeping Other legal and professional costs 1,200 1,200 1,200 150 150 1,350 1,350 1,200 Totsl of expenditure of other costs 87,152 87,152 80,203 Totsl expenditure 151,108 151.108 98,072 Net gains on investments Net (expenditure)/income 126,6361 126.6361 9,781 Net (expenditure)/income before other gains/{Iosses) Other Gains 126,6361 126,6361 9,781 Net movement in funds {26,6361 126,6361 9.781 Reconciliation of funds: Total funds brought forward {35.3341 84,776 49,442 39,661 Total funds carried forward {61,9701 84,776 22,806 49,442 Page 18