REGISTERED CHARITY NUMBER.. 109158 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 for Theo en Door Com lex W McGillian & Co Ltd Unit A2 5-7 Tobermore Road Draper5town Derry BT45 7AG
Theo en Door Com lex Contents of the Financial Statements for the Year Ended 31 December 2023 Page Report of the Trustees Independent Examineffs Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Staternents 6 to 12 Detai18d Statement of Financial Activities 13 to 14
Theo en Door Com lex ort of the Trustees for the Year Ended 31 December 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. Th6 trustees have adopted the provisions of 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). OBJECTIVES AND ACTIVITIES Publlc benefit There continues to be no private gain to any individual member. In setting our objectives and plannlng our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have h61ped to achieve the charity's purposes and provid8 a benefit to the beneficiaries. FINANCIAL REVIEW Financial position Nett Income for the year was £50,515. (31.12.22 Loss £1,664). Total Unrestricted closing reserves for the year were £48,851 and with no unrestricted ReseNes (31.12.22 Deficit £1,665 (£1,125 restricted reserves 1 £540 unrestricted reseNes) ). Reserves are in a positive position. The Charity has produced accrual accounts this year. Last year Receipts and Payments accounts were produced. Perfomiance Model applied to account for Government Grants. Capital Grants totalling £21,272 are shown on the SOFA. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity Is controlled by its governing document, a deed of trust and constltutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 109158 Principal address 1 Tamlaghtduff Park Bellaghy Magherafelt Co. Derry BT45 8LQ Trustees N O, Sullivan T Sculllon Mrs K Craig Mrs T Scullion Mrs D Mulholland Page 1
nDo r 2023 REFERENCE AND ADMINISTRATIVE DEfAILS Independent Examlner Willie McGillian W McGillian & Co Ltd Unit A2 &7 Tobermore Road Draper5town Derry 8T45 7AG Approved by order of the board of trustees on behalf by: 02....... ..ZOIt....... and 81gned on Its O, Sullivan - tèe Page 2
Inde endent Examiner's Re Theo en Door Com lex ort to the Trustees of Independent examiner's report to the trustees of The Open Door Complex I report to the charity trustees on my examination of the accounts of The Open Door Complex (the Trust) for the year ended 31 December 2023. Responslbllities and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Act (Northem Ireland) 2008. It is my responsibility to: Examine the account under sectlon 65 of the Charites Act Follow the procedures laid down in the general Directions given by the Commission under section 65 (9) (b) of the Charites Act state whether particular matters have come to my attention Independent examiner's statement I have examined your charity accounts as required under section 65 of the Charities Act and my ex8mination was carr6ed out In accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examlnation included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kept in accordance wlth section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3, That the accounts do not comply with th8 accounting requirements of the Charities Act 4. That there is further information needed for a proper understandlng of the accounts to be reached. I have completed my examlnation and have no concerns in respect of the matters (1) to (4) Ilsted 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 Willie McGillian The Institute of Financial Accountants W McGillian & Co Ltd Unit A2 5-7 Tobermore Road Draperstown Derry BT45 7AG Page 3
Theo en Door Com lex Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 Total funds 31.12.22 Total funds Unrestricted Restrlcted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charltable actlvities Charitable Activities 58,986 39,018 77,661 39,018 77,661 Total 58,986 EXPENDITURE ON Raising funds Charltable actlvities Charitable Activities 33,927 35,037 24,580 9,347 44,288 9.903 3,660 13,563 13,007 47,490 79,325 Total 34,483 NET INCOMEI(EXPENDITURE) Transfers between funds 24,504 26,011 25,471) 50,515 (1,664) 14 50,515 (1,664) Net movement In funds RECONCILIATION OF FUNDS Total funds brought forward 49,975 540 (1,124) (540) (1,664) TOTAL FUNDS CARRIED FORWARD 48,851 48,851 The notes form part of these flnanGial statements Page 4
Co tatemen on 31.12.23 31.12.22 Notes FIXED ASSETS T8ngible assets CURREKf ASSErs Cash at bank and In hand 21,686 54,605 28,336 CREDITORS Amounts falling due wlthln one year 10 (1,440) NEf CURRENT ASSETS TOTALASSETS LESS CURRENT LIABILITIE5 74,851 28,336 CREDITORS Amounts falling due after more than one year (26,000) (30,000) 48,851 NEf ASSETS FUNDS Unrestricted funds Restrlcted funds 14 48,851 (1,124) 540) 48.851 TO.TAL FUNDS The finandal statements were approved by the Board of Trustees and authorlsed for Issue on and were slgned on its behalf by. N O, Sullivan - Tru te The noles form part of th6se financial statprnents Page 5
Theo en Door Com lex Notes to the Financial Statements for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basls of preparlng the flnancial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared In accordance with th8 Charities SORP (FRS 102) 'AcGounting and Reporting by Charities: Stat8ment of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repub5ic of Ireland (FRS 102) (effective 1 January 2019),, Flnanclal Reportlng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historlcal cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Gharity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and th8 arnount of the obligation can be measured reliably. Expendlture is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basls consistent with the use of resources. Tanglble fixed assets Depr8ciation is provided at the following annual rates in order to Write off each asset OV8r its estimated useful Ilfe. Freehold propety Plant and machinery Computer equipment 2 % straight line on cost 20 % on reducing balance 20Q/o on reducing balance Taxation The charity is exernpt from tax on its charitable aGtivities. Fund accounting Unrestricted funds can be used in accordance with th8 charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the oblects of the Gharity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is Included in the notes to the financial statements. Page 6 continued.
Theo en Door Com lex Notes to the Financial Statements - continued for the Year Ended 31 December 2023 DONATIONS AND LEGACIES 31.12.23 31.12.22 Donations INCOME FROM CHARITABLE ACTIVITIES 31.12.23 31.12.22 Activity Event Income Charitable Activities Venue Hlre Charitable Activities Classes Charitable Activities Fundraising Charitable Activities Grants Charitable Actlvities Cafe & Lunch Club Charitable Activities Garden Centre Income Charitable Activities Farmers Market Charitable Actlvities 19,953 4,682 11,387 15,215 6,350 15,434 1,522 35,295 1,155 2,690 39,018 13,619 2,750 6,595 98,004 77,661 Grants received, included in the above, are as follows: 31.12.23 31.12.22 Awards Grant All Churches Grant Community Foundation Sewing Grant John Moore Grant Exercise Grant AFA Grant Mid Ulster Grant Gardening Grant Rural Action CWSAN Increase Community Spirit Community Garden Lottery Grant Mid Ulster District CounGII NHSCT DAERA One Well Being Hallfax Foundation Developing Health Care Cookstown & Western NICHI 9,950 1,800 7,000 100 5,000 540 9,900 540 465 2,000 1,000 2,713 9,800 10,075 1,790 400 1,500 20 5,000 4,000 720 39,018 35,295 Page 7 continued..
Theo en Door Com lex Notes to the Financial Statements - continued for the Year Ended 31 December 2023 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Charitable Activities 13,563 SUPPORT COSTS Governance Gosts Charitable Activities 13,563 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr8Strict8d Restricted fund funds Total funds INCOMEAND ENDOWMENTS FROM Charitable activities Charitable Activities 54,116 23,545 77,661 EXPENDITURE ON Raising funds 13,609 21,428 35,037 Charitable activities Charitable Activities 4,844 44,288 Total 53,053 26,272 79,325 NET INCOMEI(EXPENDITURE) Transfers between funds 1,063 (2,727) 2,187 (1,664) Net movement in funds 1,124) L540) TOTAL FUNDS CARRIED FORWARD Page 8 continued...
Theo en Door Corn lex Notes to the Financial Statements - continued for the Year Ended 31 December 2023 GOVERNMENT GRANTS Grants are accounted for under the Performance Model. TANGIBLE FIXED ASSETS Freehold propety Plant and Computer machinery equipment Totals COST Additions 18,604 2,353 1,397 22,354 DEPRECIATION Charge for year 229 392 47 668 NET BOOKVALUE At 31 December 2023 18,375 1,961 1,350 21,686 At 31 December 2022 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Bank loans and overdrafts (see note 12) other creditors 1,440 1,440 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.23 31.12.22 other creditors 26,000 30,000 12. LOANS An analysis of the maturity of loans is given below: 31.12.23 31.12.22 Amounts falling due within one year on demand: Bank overdrafts Amounts falllng between one and two years: Other loans - 1-2 y8ars 26,000 Page 9 continu8d...
Theo en Door Com lex Notes to the Financial Statements - continued for the Year Ended 31 December 2023 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.12.23 Total funds 31.12.22 Total funds Unrestricted Restricted fund funds Fixed assets Current assets Current liabilities Long term liabilities 18,965 57,326 (1,440) 26,000) 2,721 (2,721) 21,686 54,605 (1,440) 26,000) 28,336 (540) 30,000) 48,851 48,851 1,664) 14. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.23 At 1.1.23 Unrestrlcted funds General fund (1,124) 24,504 25,471 48,851 Restrlcted funds Restricted Grant Increasing Community Spirit Rural Action Community Garden Community Foundation Developing Health Care (540) 540 (9,516) (1,000) (10,075) (1,420) 9,516 1,000 10,075 1,420 4,000 26,011 25,471) TOTAL FUNDS 1,664) 50,515 48,851 Page 10 continued...
Theo en Door Com lex Notes to the Financial Statements - continued for the Year Ended 31 Decernber 2023 14. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming Resources Movement r8sources expended in funds Unrestrlcted funds General fund 58,987 (34,483) 24,504 Restricted funds Increasing Community Spirit Halifax Foundation Cookstown and Western CWSAN NHSCT Rural Action Community Garden Mid Ulster District Council Community Foundation DAERA One Well Being Developing Health Care 9,800 5,000 720 2,713 400 1,000 10,075 1,790 2,000 1,500 20 (284) (5,000) (720) (2,713) (400} 9,516 1,000 10,075 (1,790) (580) (1,500) (20) 1,420 4,000 13 007) 26,011 TOTAL FUNDS 98,005 47,490) 50,515 Comparatlves for movement in funds Net movement in funds Transfers beeen funds At 31.12.22 Unrestricted funds General fund 1,063 (2,187) (1,124) Restricted funds Restricted Grant (2,727) 2,187 (540) TOTAL FUNDS Page11 continued...
Theo en Door Com lex Notes to the Financial Staternents - continued for the Year Ended 31 December 2023 14. MOVEMENT IN FUNDS. contlnued Comparative net movement in funds, included In the above are as follows.. Incoming Resources Mov8ment resources expended in funds Unrestricted funds General fund 54,116 (53,053) 1,063 Restricted funds RestriGted Grant 23,545 (26,272) (2,727) TOTAL FUNDS 77,661 79,325) 15. RELATED PARff DISCLOSURES There were no related party transactions for the year end8d 31 December 2023. Page 12
Theo en Door Com lex Detailed Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 31.12.22 INCOME AND ENDOWMENTS Donations and legacies Donations Charltable actlvities Event Income Venue Hire Classes Fundraising Grants Cafe & Lunch Club Garden Centre Income Farmers Market 19,953 4,682 11,387 15,215 6,350 15,434 1,522 35,295 1,155 2,690 39,018 13,619 2,750 6,595 77,661 Total incoming resource8 98,005 77,661 EXPENDITURE Raislng donatlons and legacies Event Expenses Class expenses Fundraising Expenses Cafe Expenses Garden Centre Expenses Tutors & Instructors Farmers Market 4,744 1,488 192 5,496 2,311 11,847 3,644 9.023 2,724 2,503 17,143 33,927 35,037 Support costs Governance costs Accountancy Overheads Sub-contractor expense Building Maintenance Motor & Travel Cleaning Office expenses Carried forward 3,540 831 7,965 30,000 6,323 3,899 1,155 232 456 14,113 44,288 This page does not form part of the statutory financial statements Pag8 13
Theo en Door Com lex Detailed Statement of Finanual Activities for the Year Ended 31 December 2023 31.12.23 31.12.22 Governance costs Brought forward Light & Heat Insurance Sundry Depreciation of tangible fixed assets 14,113 2,079 548 155 668 44,288 13,563 44,288 Total resources expended 47,490 79,325 Net incomel(expenditure) 50,515 1,664) This page does not fonn part of the statutory fin8llGial statements Page 14