REGISTERED CHARITY NUMBER: 109158 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for Theo en Door Com lex W McGillian & Co 5-7 Tobermore Road Draperstown BT45 7AG
Theo en Door Com lex Contents of the Financial Statements for the Year Ended 31 December 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to Ihe Financial Statements 6 to 12 Detailed Statement of Financial Activities 13 to 14
Theo en Door Com lex ort of the Trustees for the Year Ended 31 December 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The 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 beneflt There continues to be no private gain to any individual member. In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Cornmission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. FINANCIAL REVIEW Financial position Nett Income for the year was £48,481 (31.12.23 £50,515). Total Unrestricted closing reserves for the year were £97,332 (31112123 £48,851) No restricted reserves balances. Reserves are in a positive position. Performance Model applied to account for Government Grants. No Capital Grants are shown on the SOFA. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes 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 Scullion Mrs K Craig Mrs T Scullion Mrs D Mulholland Page 1
Theo en Door Com lex ort of the Trustees for the Year Ended 31 December 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner K Magill - chartered accountant W McGillian & Co 5-7 Tobermore Road Draperstown BT45 7AG Approved by order of the board of trustees on behalf by: and signed on its N O, Sullivan - Tru 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 2024. Responsibilities and basis 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 (Northern Ireland) 2008. It is my responsibility to: • Examine the account under section 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 examination was carried 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 examination 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 with 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 the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. I have compleled my examination and have no concerns 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 k d, Il K Magill - chartered accountant W McGillian & Co 5-7 Tobermore Road Draperstown BT45 7AG Date: Page 3
Theo en Door Com lex Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 42,064 42,064 Charitable activities Charitable Activities 82,282 115,524 Total 124,346 157,588 98,005 EXPENDITURE ON Raising funds 34,870 29,302 64,172 33,927 Charitable activities Charitable Activities 40,995 3,940 44,935 13,563 Total 75,865 33,242 109 107 47,490 NET INCOME 48,481 48,481 50,515 RECONCILIATION OF FUNDS Total funds brought forward 48,851 48,851 (1,664) TOTAL FUNDS CARRIED FORWARD 97,332 48,851 The notes form part of these financial statements Page 4
Theo en Door Com lex Statement of Financial Position 31 December 2024 31.12.24 31.12.23 Notes FIXED ASSETS Tangible assets 25,096 21,686 CURRENT ASSETS Cash at bank and in hand 90,387 54.605 CREDITORS Amounts falling due within one year 10 {4,150) (1,440) NET CURRENT ASSETS 86,236 53,165 TOTAL ASSETS LESS CURRENT LIABILITIES 111,332 74,851 CREDITORS Amounts falling due after more than one year 11 (14,000) (26,000) NET ASSETS 97,332 48,851 FUNDS Unrestricted funds 14 97,332 48,851 TOTAL FUNDS 48,851 The financlal statement8 were approved by the Board of Trustees and authorised for Issue on and were slgned on Its behalf by: N O, Sullivan - Trust8e The notes form part of Ihese financial statements Page 5
The O en Door Com lex Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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),, Financial Reporting 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 historical 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, Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure 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 basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Plant and machinery Computer equipment 2 % straight line on cost 200/0 on reducing balance 200/0 on reducing balance Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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 2024 DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations 42,064 INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31.12.23 Activity Charitable Activities Charitable Activities Charitable Activities Charitable Activities Charitable Activities Charitable Activities Charitable Activities Charitable Activities Event Income Venue Hire Classes Fundraising Grants Cafe & Lunch Club Garden Centre Income Farmers Market 4,749 8,045 22,157 9,109 33,242 7,673 19,953 4,682 11,387 39,018 13.619 2,750 30,549 115,524 98,004 Grants received, included in the above, are as follows., 31.12.24 31.12,23 Community Foundation John Moore Grant Rural Action CWSAN Increase Community Spirit Community Garden Lottery Grant Mid Ulster District Council NHSCT DAEFIA One Well Being Halifax Foundation Developing Health Care Cookstown & Western NICHI 2,000 5,000 1,000 2,713 9,800 10,075 1,790 400 1,500 20 5,000 4,000 720 20,000 4,300 1,492 1,000 33,242 39,018 Page 7 continued...
Theo en Door Com lex Notes to the Financial Statements - continued for the Year Ended 31 December 2024 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Charitable Activities SUPPORT COSTS Governance costs Charitable Activities 44,935 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activities 58 987 Total 58,987 EXPENDITURE ON Raising funds 24,580 9,347 33,927 Charitable activities Charitable Activities 9,903 13,563 Total 34,483 13,007 47,490 NET INCOME Transfers between funds 24,504 26,011 25,471 50,515 Net movement In funds 49,975 540 50,515 Page 8 continued...
Theo en Door Com lex Notes to the Financial Statements - continued for the Year Ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted Total fund funds funds RECONCILIATION OF FUNDS Total funds brought forward (1,124) (540) (1,664) TOTAL FUNDS CARRIED FORWARD 48,851 48,851 GOVERNMENT GRANTS Grants are accounted for under the Performance Model. TANGIBLE FIXED ASSETS Freehold property Plant and Computer machinery equipment Totals COST At 1 January 2024 Additions 18,604 660 2,353 1,397 22,354 4,749 At 31 December 2024 19,264 1,397 27,103 DEPRECIATION At 1 January 2024 Charge for year 229 381 392 688 47 270 668 At 31 December 2024 610 1,080 317 2,007 NET BOOKVALUE At 31 December 2024 25,096 At 31 December 2023 18,375 1,961 1,350 Page 9 continued...
Theo en Door Com lex Notes to the Financial Statements - continued for the Year Ended 31 Dember 2024 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other creditors 4,150 1,440 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.24 31.12.23 Other creditors - see loan details below 26,000 12. LOANS An analysis of the rnaturity of loans is given below: 31.12.24 31.12.23 Amounts falling between one and two years: Other loans - 1-2 years 14,000 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.12.24 Total funds 31.12.23 Total funds Unrestricted Restricted fund funds Fixed assets Current assets Current liabilities Long term liabilities 25,096 90,387 (4,151) 14 000) 25.096 90,387 (4,151) 14,000) 21,686 54,605 (1,440) 26,000) 14. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 48,851 48,481 97,332 TOTAL FUNDS 48,851 48,481 Page 10 continued.
Theo en Door Com lex Notes to the Financial Statements - continued for the Year Ended 31 December 2024 14. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 124,346 (75,865) 48,481 Restricted funds Cookstown and Western Community Garden Mid Ulster District Council DAERA Developing Health Care John Moore Foundation 1,450 20,000 4,300 1,492 1,000 5,000 (1,450) (20,000) (4,300) (1,492) (1,000) 33,242 33,242 TOTAL FUNDS 157,588 109,107) 48,481 Comparatives for movement In funds Net movement in funds Transfers between funds At 31.12.23 At1,1,23 Unrestricted funds General fund (1,124) 24,504 25,471 48,851 Restricted 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) 4,000) 9,516 1,000 10,075 1,420 4,000 25,471 TOTAL FUNDS 1,664) 50,515 48,851 Page11 continued...
Theo en Door Com lex Notes to the Financial Statements - continued for the Year Ended 31 Dember 2024 14. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted 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 13007) TOTAL FUNDS 98 005 47 490) 50,515 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024, Page 12
Theo en Door Com lex Detailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations and legacies Donations 42,064 Charitable activities Event Income Venue Hire Classes Fundraising Grants Cafe & Lunch Club Garden Centre Income Farmers Market 4,749 8,045 22,157 9,109 33,242 7,673 19,953 4,682 11,387 39,018 13,619 2,750 30,549 115,524 Total incoming resources 157,588 98,005 EXPENDITURE Raising donations and legacles Event Expenses Class expenses Fundraising Expenses Cafe Expenses Garden Centre Expenses Tutors & Instructors Farmers Market 5,469 4,287 4,744 1,488 192 5,496 2,311 11,847 7,849 11,842 11,278 12,902 64,172 33,927 Support costs Governance costs Accountancy Overheads Building Maintenan Motor & Travel Cleaning Office expenses Light & Heat Insurance Carried forward 2,710 3,540 831 3,899 1,155 232 456 2,079 548 12,740 4,362 1,524 70 774 6,872 580 16,892 This page does not form part of the statutory financial statements Page 13
Theo en Door Com lex Detailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 Governance costs Brought forward Phone & Internet Management Costs Sundry Depreciation of tangible fixed assets 16,892 973 24,990 741 1,339 12,740 155 668 44,935 13,563 Total resources expended 109,107 47,490 Net income This page does not form part of the statutory financial statements Page 14