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Registered number: NI616637 Charity number: 100504 THE DOCK TITANIC QUARTER (A company limited by guarantee) UNAUDITED TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
THE DOCK TITANIC QUARTER (A company limited by guarantee) CONTENTS
| Page
Reference and administrative details of the Company, its Trustees and advisers | 1
Trustees' report | 2 - 5
Independent examiner's report | 6 - 7
Statement of financial activities | 8
Balance sheet | 9 - 10
Notes to the financial statements | 11 - 24
THE DOCK TITANIC QUARTER (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 28 FEBRUARY 2025
Trustees | Michele Marie Marken
| Heather Louise Gibson
| Philip Alexander King
| David Manning
| Harold Creeth Miller
| David Alexander McClay
Company registered number | NI616637
Charity registered number | 100504
Registered office | Dock Cafe 2A Queen's Road Belfast BT3 9DT
Accountants | UHY Hacker Young Fitch Limited Chartered Accountants Suite 2.06, Custom House Custom House Square Belfast BT1 3ET
Page 1
THE DOCK TITANIC QUARTER (A company limited by guarantee) TRUSTEES' REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025 The Trustees present their annual report together with the financial statements of the Company for the 1 March 2024 to 28 February 2025. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. Objectives and activities a. Policies and objectives In setting objectives and planning activities, the Trustees have given due consideration to the general guidance published by the Charity Commission for Northern Ireland relating to public benefit. The Charity is established to advance the Christian Faith for the benefit of the public. The Dock seeks to benefit the residents of the area known as Titanic Quarter, Belfast, and the neighbourhood, without distinction of sex, sexual orientation, race or political, religious or other opinions, with the objective of improving the conditions of life for the residents and those others who may avail of its activities. b. Strategies for achieving objectives The Dock seeks to bring together the said residents and the local authorities, whether voluntary or other organisations, in a common effort to advance peace, develop positive community relations and cohesion, through providing facilities in the interests of social welfare, for recreation, and leisure time occupation. The Dock Titanic Quarter seeks to bring benefit to the community, through providing a space where local residents and other communities in the surrounding area can also come together to pray, reflect, worship and celebrate the Christian Faith. By providing a calm and peaceful environment the Charity seeks to provide a welcoming place where people can experience acceptance without prejudice or discrimination. Through providing pastoral care to residents and the wider Titanic Quarter community, the Dock Titanic Quarter seeks to help meet their spiritual and social needs. The Dock Titanic Quarter seeks to contribute to the promotion of a peaceful Northern Ireland society, evidenced by an increase in community harmony, improvement of community relations and the avoidance of conflict through supporting and encouraging the residents and the wider community to be good citizens. Page 2
THE DOCK TITANIC QUARTER (A company limited by guarantee) Objectives and activities (continued) c. Activities undertaken to achieve objectives The Dock Titanic Quarter achieves its charitable objectives through the following ongoing activities: The running of a donation based, ‘not for profit’ café in the Titanic Quarter of Belfast, which is run by one full time and one part time member of staff with a team of between 55 and 60 dedicated volunteers. These volunteers are of many different nationalities and commit to at least one 4 hour shift per week. They also include a number of people with additional needs, who usually are on a one year placement from Belfast Met and Orchardville Skills for Life and Work programme. Volunteers can benefit from the Dock support network regarding mental health and well being, and through training. The holding of Christian acts of worship which are open to all members of the public. Providing within the café an on-site Prayer Garden for rest, reflection and prayer requests. Providing a cross-denominational team of Chaplains, of various Christian Church backgrounds, who are available in a pastoral/counselling capacity, on a weekly basis. Providing a welcoming space for appropriate cross-community and/or Christian faith-based activities which offer support and personal development. Providing a welcoming space for refugees, asylum seekers and Newcomers to learn English and develop relationships with the community and volunteers. Holding occasional lectures or public celebration of religious festivals, e.g. Christmas Carol Service. Note Christian in the context of the Dock means adherence to the Christian Faith, as defined in the Ecumenical Creeds. i.e. The Apostles’ Creed and The Nicene Creed.] d. Main activities undertaken to further the Company's purposes for the public benefit Over the past year the following activities were undertaken or facilitated in the Café; • The Dock Café opened each day, Tuesday to Saturday. • Prayer Ministry in the Prayer Garden • The Gathering, a Church which used the Dock regularly for prayer and Alpha Course • The Titanic Cycling Group • Arc Apartments Residents’ group • Neighbourhood destination forum • An active stakeholder in the Titanic Quarter community development forum led by Maritime Belfast • Hosted : the Titanic Society annual gathering, assorted Walking Groups, local Creative Artists, “Coffee with a Cop”- Harbour Police bike registration scheme, as part of the Neighbourhood Development Strategy, C.F.C.Church -Alpha Course and Youth nights • Development of the Christian Student Union within The Titanic Quarter in partnership with Belfast Met College • The annual Titanic Quarter Abseiling Santa event hosted by The Dock café • Titanic Quarter Maritime festival • Various community and school groups visited to learn about the underlying ethos of the Dock Café. Page 3
THE DOCK TITANIC QUARTER (A company limited by guarantee) Achievements and performance a. Main achievements of the Company The Dock and the Dock Café has continued its core mission, opening whenever possible, and maintaining a strong team of volunteers. The Dock is thankful for its continual progress and presence in Titanic Quarter. The Dock Titanic Quarter is firmly established as part of the TQ ‘experience’ and provides an invaluable counterpoint to the more commercial activities of other organisations in the Titanic Quarter. Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The Charity finished the year with a deficit of £2,143 and unrestricted reserves of £8,124. 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 - currently set at £8,000. 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. Restricted funds arise where gifts or grants are received for a specific purpose as outlined by the donor. Expenditure is distributed in line with these requirements. Structure, governance and management a. Constitution The Dock Titanic Quarter is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 6th February 2013. The company is constituted under a Memorandum of Association dated 6 February 2013. It is registered as a charitable company limited by guarantee. The company is registered with the Charities Commission for Northern Ireland under no. NIC100504 and is a registered charity with HMRC number NI00002. The principal object of the company is the advancement of the Christian religion for the benefit of the public. b. Methods of appointment or election of Trustees The management of the company is the responsibility of the Trustees who are also directors of the charitable company and who are elected and co opted under the terms of the Articles of Association. The current directors plan to strengthen the management of the company through the appointment of additional directors. Page 4
THE DOCK TITANIC QUARTER (A company limited by guarantee) Statement of Trustees' responsibilities The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: ∙select suitable accounting policies and then apply them consistently; ∙observe the methods and principles of the Charities SORP (FRS 102); ∙make judgments and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by:
Michele Marie Marken Trustee | Harold Creeth Miller Trustee
Date: 5 November 2025 |
Page 5
THE DOCK TITANIC QUARTER (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025
Independent examiner's report to the Trustees of The Dock Titanic Quarter
I report on the financial statements of the company for the year ended 28 February 2025 which are set out on pages 8 to 24.
Respective responsibilities of charity Trustees and examiner
As the company's trustees (and also the directors of the company for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the company is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to: ∙examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008; ∙follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act; and ∙state whether particular matters have come to my attention.
Basis of independent examiner's statement
I have examined your company 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 company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as company 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 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 section 396 of the Companies Act 2006 and with the methods and principles of the 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);
4. | that there is further information needed for a proper understanding of the accounts to be reached.
Page 6
THE DOCK TITANIC QUARTER (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
Independent examiner's statement
I have completed 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. This report is made solely to the company's Trustees, as a body, in accordance with section 65(3)(a) of the Charities Act (Northern Ireland) 2008 and regulations made under section 66 of that Act. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. Signed: Scott McCullough Dated: 5 November 2025 Scott McCullough, FCA Chartered Accountants Ireland UHY Hacker Young Fitch Limited Chartered Accountants Suite 2.06, Custom House Custom House Square Belfast BT1 3ET Page 7
THE DOCK TITANIC QUARTER (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 28 FEBRUARY 2025
|  | Unrestricted funds 2025 | Total funds 2025 | Total funds 2024
| Note | £ | £ | £
Income from: |  |  |  |
Donations and legacies | 3 | 111,053 | 111,053 | 106,332
Investments | 4 | 662 | 662 | 954
Total income |  | 111,715 | 111,715 | 107,286
Expenditure on: |  |  |  |
Charitable activities | 5 | 113,858 | 113,858 | 112,620
Total expenditure |  | 113,858 | 113,858 | 112,620
Net movement in funds |  | (2,143) | (2,143) | (5,334)
Reconciliation of funds: |  |  |  |
Total funds brought forward |  | 10,267 | 10,267 | 15,601
Net movement in funds |  | (2,143) | (2,143) | (5,334)
Total funds carried forward |  | 8,124 | 8,124 | 10,267
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 24 form part of these financial statements.
Page 8
THE DOCK TITANIC QUARTER (A company limited by guarantee) REGISTERED NUMBER: NI616637 BALANCE SHEET AS AT 28 FEBRUARY 2025
|  |  | 28 February |  | 29 February
|  |  | 2025 |  | 2024
| Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 10 |  | 1,078 |  | 1,845
|  |  | 1,078 |  | 1,845
Current assets |  |  |  |  |
Debtors | 11 | 2,843 |  | 1,405 |
Cash at bank and in hand |  | 11,197 |  | 12,788 |
|  | 14,040 |  | 14,193 |
Creditors: amounts falling due within one year | 12 | (6,994) |  | (5,771) |
Net current assets |  |  | 7,046 |  | 8,422
Total assets less current liabilities |  |  | 8,124 |  | 10,267
Net assets excluding pension asset |  |  | 8,124 |  | 10,267
Total net assets |  |  | 8,124 |  | 10,267
Charity funds |  |  |  |  |
Restricted funds | 14 |  | - |  | -
Unrestricted funds | 14 |  | 8,124 |  | 10,267
Total funds |  |  | 8,124 |  | 10,267
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Michele Marie Marken Trustee | Harold Creeth Miller Trustee
Date: 5 November 2025 |
Page 9
THE DOCK TITANIC QUARTER (A company limited by guarantee) REGISTERED NUMBER: NI616637 BALANCE SHEET (CONTINUED) AS AT 28 FEBRUARY 2025
The notes on pages 11 to 24 form part of these financial statements.
Page 10
THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. | General information
The Dock Titanic Quarter is a private company limited by guarantee and is incorporated and registered in Northern Ireland under Company Registration Number NI616637 and is registered with Northern Ireland Charity Commission under Charity Registration Number 100504. The charitable company's registered office is Dock Cafe, 2A Queen's Road, Belfast, BT3 9DT. The principal activity of the charitable company involves the running of a donation-based cafe in the Titanic Quarter of Belfast, including a team of dedicated volunteers and chaplains from across all church backgrounds. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Dock Titanic Quarter meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
| 2.2 | Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
| 2.3 | 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 allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 11
THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.4 | Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
| 2.5 | Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
| 2.6 | Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 20% straight line
| 2.7 | Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
| 2.8 | Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
| 2.9 | Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. Page 12
THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.10 | Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
| 2.11 | Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
| 2.12 | Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 13
THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
| 3. | Income from donations and legacies
|  |  | Unrestricted funds 2025 | Total funds 2025
|  |  | £ | £
| Donations | 107,788 | 107,788
| Grants | 600 | 600
| Gift aid | 2,665 | 2,665
|  | 111,053 | 111,053
| The following entities made the following donations to the charity during the year ended 28 February 2025: Christian Fellowship Church - £500 Community Relations in Schools - £75 CPA Northern Ireland - £60 FGB monthly breakfast - £214 Flax & Teal Ltd - £100 Holywood Parish Church - £500 Mason Glen Charitable Trust - £5,000 Newtownabbey Young Life - £30 Portadown College - £100 RadioContact Ltd - £4,200 Spirit Aerosytems - £500 Titanic Quarter Cycling Club - £500 The following entity provided grant funding to the charity during the year ended 28 February 2025: Titanic Church Plant - £600
|  |  | Unrestricted funds 2024 | Total funds 2024
|  |  | £ | £
| Donations | 103,506 | 103,506
| Gift aid | 2,826 | 2,826
|  | 106,332 | 106,332
| The following entities made the following donations to the charity during the year ended 29 February 2024: Blythswood Ireland Limited - £1,000 CPA Northern Ireland - £50 Holywood Parish Church - £500 Kirkpatrick Memorial - £2,325 Maritime Belfast Trust - £100 Portadown College - £110 Titanic Church Plant - £600 Titanic Quarter Cycling Club - £300
Page 14
THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
| 4. | Investment income
|  |  | Unrestricted funds 2025 | Total funds 2025
|  |  | £ | £
| Investment income - interest received | 662 | 662
|  |  | Unrestricted funds 2024 | Total funds 2024
|  |  | £ | £
| Investment income - interest received | 954 | 954
| 5. | Analysis of expenditure on charitable activities
|  | Summary by fund type
|  |  | Unrestricted funds 2025 | Total 2025
|  |  | £ | £
| The advancement of religion | 113,858 | 113,858
|  |  | Restricted funds 2024 | Unrestricted funds 2024 | Total 2024
|  |  | £ | £ | £
| The advancement of religion | 260 | 112,360 | 112,620
| 6. | Analysis of expenditure by activities
|  |  | Activities undertaken directly 2025 | Support costs 2025 | Total funds 2025
|  |  | £ | £ | £
| The advancement of religion | 101,418 | 12,440 | 113,858
Page 15
THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 6.Analysis of expenditure by activities (continued)
|  |  | Activities undertaken directly 2024 | Support costs 2024 | Total funds 2024
|  |  | £ | £ | £
| The advancement of religion | 100,938 | 11,682 | 112,620
| Analysis of direct costs
|  | Religious activities 2025 | Total funds 2025
|  | £ | £
| Staff costs | 39,801 | 39,801
| Supplies for the Cafe | 46,812 | 46,812
| Building related costs | 13,782 | 13,782
| Telephone and email | 433 | 433
| Insurance | 590 | 590
|  | 101,418 | 101,418
|  | Religious activities 2024 | Total funds 2024
|  | £ | £
| Staff costs | 36,376 | 36,376
| Supplies for the Cafe | 51,575 | 51,575
| Building related costs | 11,965 | 11,965
| Grant expenditure | 96 | 96
| Telephone and email | 371 | 371
| Insurance | 555 | 555
|  | 100,938 | 100,938
Page 16
THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 6.Analysis of expenditure by activities (continued)
| Analysis of support costs
|  | Religious activities 2025 | Total funds 2025
|  | £ | £
| Supplies for the Cafe | 159 | 159
| Building related costs | 3,944 | 3,944
| Professional fees | 5,498 | 5,498
| Bank charges and fees | 2,072 | 2,072
| Governance costs | 767 | 767
|  | 12,440 | 12,440
|  | Religious activities 2024 | Total funds 2024
|  | £ | £
| Supplies for the Cafe | 872 | 872
| Building related costs | 2,785 | 2,785
| Professional fees | 2,498 | 2,498
| Bank charges and fees | 1,878 | 1,878
| Governance costs | 3,649 | 3,649
|  | 11,682 | 11,682
7. | Independent examiner's remuneration
|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts | 2,700 | 2,590
| Fees payable to the Company's independent examiner in respect of: |  |
| All other services not included above | 1,810 | 1,812
Page 17
THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
8. | Staff costs
|  | 2025 | 2024
|  | £ | £
| Wages and salaries | 39,059 | 35,715
| Contribution to defined contribution pension schemes | 742 | 660
|  | 39,801 | 36,375
| The average number of persons employed by the Company during the year was as follows:
|  | 2025 | 2024
|  | No. | No.
| Support staff | 2 | 2
| No employee received remuneration amounting to more than £60,000 in either year.
9. | Trustees' remuneration and expenses
| During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
| During the year ended 28 February 2025, no Trustee expenses have been incurred (2024 - £NIL).
Page 18
THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
10. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 March 2024 | 24,550
| At 28 February 2025 | 24,550
| Depreciation |
| At 1 March 2024 | 22,705
| Charge for the year | 767
| At 28 February 2025 | 23,472
| Net book value |
| At 28 February 2025 | 1,078
| At 29 February 2024 | 1,845
11. | Debtors
|  | 28 February | 29 February
|  | 2025 | 2024
|  | £ | £
| Due within one year |  |
| Other debtors | 64 | 4
| Prepayments and accrued income | 2,779 | 1,401
|  | 2,843 | 1,405
Page 19
THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
12. | Creditors: Amounts falling due within one year
|  | 28 February | 29 February
|  | 2025 | 2024
|  | £ | £
| Trade creditors | 3,018 | 1,786
| Other creditors | 1,476 | 693
| Accruals and deferred income | 2,500 | 3,292
|  | 6,994 | 5,771
13. | Financial instruments
|  | 28 February | 29 February
|  | 2025 | 2024
|  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through income and expenditure | 11,197 | 12,788
Financial assets measured at fair value through income and expenditure comprise of cash at bank and cash in hand. Page 20
THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
| 14. | Statement of funds
|  | Statement of funds - current year
|  |  | Balance at 1 March 2024 £ | Income £ | Expenditure £ | Balance at 28 February 2025 £
|  | Unrestricted funds |  |  |  |
| General Funds - all funds | 10,267 | 111,715 | (113,858) | 8,124
|  | Statement of funds - prior year
|  |  | Balance at 1 March 2023 £ | Income £ | Expenditure £ | Balance at 29 February 2024 £
|  | Unrestricted funds |  |  |  |
| General Funds - all funds | 15,341 | 107,285 | (112,359) | 10,267
| Restricted funds |  |  |  |
| Restricted Funds - all funds | 260 | - | (260) | -
| Total of funds | 15,601 | 107,285 | (112,619) | 10,267
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THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
| 15. | Summary of funds
|  | Summary of funds - current year
|  |  | Balance at 1 March 2024 £ | Income £ | Expenditure £ | Balance at 28 February 2025 £
| General funds | 10,267 | 111,715 | (113,858) | 8,124
|  | Summary of funds - prior year
|  |  | Balance at 1 March 2023 £ | Income £ | Expenditure £ | Balance at 29 February 2024 £
| General funds | 15,341 | 107,285 | (112,359) | 10,267
| Restricted funds | 260 | - | (260) | -
|  | 15,601 | 107,285 | (112,619) | 10,267
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THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
| 16. | Analysis of net assets between funds
|  | Analysis of net assets between funds - current year
|  |  | Unrestricted funds 28 February 2025 | Total funds 28 February 2025
|  |  | £ | £
| Tangible fixed assets | 1,078 | 1,078
| Current assets | 14,040 | 14,040
| Creditors due within one year | (6,994) | (6,994)
| Total | 8,124 | 8,124
|  | Analysis of net assets between funds - prior year
|  |  | Unrestricted funds 29 February 2024 | Total funds 29 February 2024
|  |  | £ | £
| Tangible fixed assets | 1,845 | 1,845
| Current assets | 14,193 | 14,193
| Creditors due within one year | (5,771) | (5,771)
| Total | 10,267 | 10,267
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THE DOCK TITANIC QUARTER (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
17. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £742 (2024 - £660). Contributions totalling £166 (2024 - £205) were payable to the fund at the balance sheet date and are included in creditors.
18. | Related party transactions
| The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 28 February 2025.
19. | Going concern
The company's charitable activities, together with the factors likely to affect its future development, performance and position are set out in the Trustee's Report. The Charity meets its day to day working capital requirements through its voluntary income. The current economic conditions create some uncertainty over the levels of funding that will be available for future periods, although the Trustees are of the opinion that the Charity's activities for generating funds will continue to provide adequate funds. The Trustee's have a reasonable expectation that the Charity has adequate resources to continue in operation for the foreseeable future. Accordingly the Trustees continue to adopt the going concern basis in preparing the annual reports and accounts.
20. | Controlling party
The ultimate controlling party of the Charity is the Board of Trustees.
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