Company Registration No. NI690007 (Northern Ireland)
ARMAGH TIGERS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
ARMAGH TIGERS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr K McAnallen Mr C Campbell Mr D Hetherington Mr C Quinn Charity number 109173 Company number NI690007 Independent examiner AAB Group Accountants Limited Howard House 30 Northland Row Dungannon Co. Tyrone Northern Ireland BT71 6AP Bankers AIB 18-20 Scotch Street Dungannon Co. Tyrone Northern Ireland BT70 1AZ
ARMAGH TIGERS
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 9 |
ARMAGH TIGERS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JULY 2024
The trustees present their annual report and financial statements for the year ended 31 July 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charities governing document, the Charities Act (Northern Ireland) 2008 and Accounting and Reporting by Charities: Statement of Recommended Practices applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and republic of Ireland (FRS 102) effective 1 January 2019) - (Charities SORP (FRS 102)), in preparing the trustees' report and unaudited accounts for the charity.
Objectives and activities
The charity's objects are as follows:
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The relief of sickness and preservation of health among people residing permanently or temporarily on the Island of Ireland.
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The relief of financial hardship, either generally or individually, of people living on the Island of Ireland by making grants of money for providing or paying for items, services or facilities.
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The relief of financial need and suffering among victims of other kind of disaster in the form of money (or other means deemed viable) for persons, bodies, organisation and/or countries affected including the provision of medical aid.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
The charitable trust continued to work towards its charitable objectives through organising the "Walk for Life" charitable event with support from a number of local businesses.
Financial review
The financial statements are prepared in the standard format required by the Charities Act (Northern Ireland) 2008 and Accounting and Reporting by Charities: Statement of Recommended Practices applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019) - (Charities SORP (FRS 102)), and covers the activities of The Armagh Tigers Charitable Trust. The statements of financial activities (SOFA) shows the gross income from all sources. The net incoming resources for the year are £30,693.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
It is the policy of the charity to maintain unrestricted reserves at a level which provides sufficient funds to cover one years levels of expenditure. The reserves at 31 July 2024 currently exceed this level and the committee with distribute excess reserves in line with the charities objectives. The reserves policy is reviewed annually by the committee.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The charity's plan for future periods are to continue with the ongoing activities of the charity, which is to provide fellowship and support to suffers of hardship.
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ARMAGH TIGERS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
Structure, governance and management
The charity was established by a charitable trust deed.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr K McAnallen Mr C Campbell Mr D Hetherington Mr C Quinn
New committee members are appointed at the Annual General Meeting and are trained by their fellow committee members.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Northern Ireland requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these accounts, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will
continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the the Charities Act (Northern Ireland) 2008 and Accounting and Reporting by Charities: Statement of Recommended Practices applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and republic of Ireland (FRS 102) effective 1 January 2019) - (Charities SORP (FRS 102)), and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees who held office at the date of approval of this trustees' report confirm that, so far as they are each aware, there is no relevant audit information of which the Charity's independent examiners are unaware; and each Trustee has taken all the steps they ought to have taken as a trustee to make themselves aware of any relevant information and to establish that the Charity's independent examiners are aware of that information.
The trustees' report was approved by the Board of Trustees.
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ARMAGH TIGERS
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARMAGH TIGERS
I report to the trustees on my examination of the financial statements of Armagh Tigers (the charity) for the year ended 31 July 2024.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, it is my responsibility to:
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examine the financial statements under section 65 of the Charities Act (Northern Ireland) 2008;
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follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act (Northern Ireland) 2008; and
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state whether particular matters have come to my attention.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 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 financial statements in accordance 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 reached.
Deborah Mullen
AAB Group Accountants Limited
Howard House 30 Northland Row Dungannon Co. Tyrone BT71 6AP Northern Ireland 28 May 2025
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ARMAGH TIGERS
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Charitable activities | 3 | 30,693 | 192,595 |
| Total income | 30,693 | 192,595 | |
| Expenditure on: | |||
| Charitable activities | |||
| Grants & Donations | 4 | 51,159 | 10,000 |
| Cost of fundraising events | 4 | 19,567 | 6,754 |
| Total charitable expenditure | 70,726 | 16,754 | |
| Total expenditure | 70,726 | 16,754 | |
| Net income/(expenditure) and movement in funds | (40,033) | 175,841 | |
| Reconciliation of funds: | |||
| Fund balances at 1 August 2023 | 175,841 | - | |
| Fund balances at 31 July 2024 | 135,808 | 175,841 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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ARMAGH TIGERS
BALANCE SHEET
AS AT 31 JULY 2024
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year Net current assets The funds of the charity Unrestricted funds 9 |
2024 £ 136,458 (650) |
£ 135,808 135,808 135,808 |
2023 £ 175,841 - |
£ 175,841 |
|---|---|---|---|---|
| 175,841 | ||||
| 175,841 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2024.
The directors acknowledge their 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 year in question in accordance with section 476.
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 28 May 2025
Company registration number NI690007 (Northern Ireland)
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ARMAGH TIGERS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
1 Accounting policies
Charity information
Armagh Tigers is a charitable Trust located in Armagh. Set up with the aim of the relief of sickness and preservation of health for people in Ireland and Internationally. The relief of financial hardship by grant support for items, services and facilities. The relief of financial need and suffering among victims of natural and other kinds of disasters in the form of money or other means deemed suitable for persons, bodies, organizations for countries affected including provisions of medical aid
1.1 Accounting convention
The financial statements have been prepared in accordance with the charitycharity's governing document, the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charitytrust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 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.
1.4 Income
Income is recognised when the charity 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 charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity 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.
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ARMAGH TIGERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct 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.
All expenditure is accrued for on an accruals basis and has been classified under headings that aggregate all costs related to that category.
1.6 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.
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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic 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 instruments are subsequently carried at 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.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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ARMAGH TIGERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
2 Critical accounting estimates and judgements
In the application of the charity’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 period 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.
3 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Charitable activity | ||
| Income from fundraising activities | 30,693 | 192,595 |
4 Charitable activities
| Grants & Donations Cost of fundraising events 2024 2024 £ £ Donations 51,159 - Charity evening running costs - 18,184 51,159 18,184 Share of governance costs (see note 5) - 1,383 51,159 19,567 |
Total 2024 Cost of fundraising events 2023 £ £ 51,159 - 18,184 6,111 69,343 6,111 1,383 643 70,726 6,754 |
Total 2023 £ 10,000 6,111 |
|---|---|---|
| 16,111 643 |
||
| 16,754 |
5 Support costs allocated to activities
| Governance costs comprise: Insurance Website costs Bank charges |
2024 £ 552 32 149 733 |
2023 £ 521 - 122 |
|---|---|---|
| 643 |
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ARMAGH TIGERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
6 Trustees
None of the Trustees (or any persons connected with them) received any remuneration during the year.
7 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
8 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
9 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 which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 August | Incoming | Resources | At 31 July | |
|---|---|---|---|---|
| 2023 | resources | expended | 2024 | |
| £ | £ | £ | £ | |
| General funds | 175,841 | 30,693 | (70,726) | 135,808 |
| Previous period: | At 1 August | Incoming | Resources | At 31 July |
| 2022 | resources | expended | 2023 | |
| £ | £ | £ | £ | |
| General funds | - | 192,595 | (16,754) | 175,841 |
10 Related party transactions
The charity was under the control of the board of trustees through out the year. The charity Trustees were not paid or received any benefits from employment with the charity in the year, neither were they reimbursed expenses during the year. Any connection between a Trustee or senior manager of the charity with organisations the charity works with must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with a related party.
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