REGISTERED COMPANY NUMBER: NI037403 (Northern Ireland)

REGISTERED CHARITY NUMBER: 103397

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

TARA CENTRE

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

3

Report of the Independent Auditors

4

to

7

Statement of Financial Activities

8

Balance Sheet

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

to

19

TRUSTEES

Hugo Sweeney (resigned 10.7.25)

Marian Harte

Godfrey Young

Mary Friel

Tara Boyle

John Slane

Noreen McGirr

Mary O'Reilly

COMPANY SECRETARY

Mary Friel

REGISTERED OFFICE

11 Holmview Terrace

Omagh

Co. Tyrone

BT79 0AH

REGISTERED COMPANY NUMBER

NI037403 (Northern Ireland)

REGISTERED CHARITY NUMBER

103397

AUDITORS

McAleer Jackson Ltd

Chartered Accountants & Statutory Auditors

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

BANKERS

AIB

2-4 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

BANKERS

AIB

Unit 33 Blackthorn Road

Sandyford Business Park

Dublin 18

D18 E9T3

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. 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).

STRATEGIC REPORT

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Tara Centre for the purposes of company law) are responsible for preparing the Report of the Trustees 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 year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

-	state whether applicable accounting standards 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 charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, McAleer Jackson Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 4 July 2026 and signed on the board's behalf by:

Mary Friel - Trustee

Opinion

We have audited the financial statements of Tara Centre (the 'charitable company') for the year ended 31 March 2026 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2026 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework that the Charity operates in, focusing on provisions of those laws and regulations that had a direct effect on material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, pensions and tax legislation, charity legislation together with provisions of other laws and regulations that do not have a direct effect on the financial statements, but compliance with which may be fundamental to the Charity's ability to operate or to avoid a material penalty. This included conditions of funding from various bodies.

We tailored our response to those identified risks to include enquiring of management concerning actual and potential litigation and claims, performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, and reviewing correspondence with HMRC and other regulatory bodies.

In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business, of which there were none.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance including the remuneration policies, and its internal and external performance targets;

- results of our enquiries of management and other key persons about the charity's own identification and assessment of the risks of irregularities, including those that may occur either as a result of fraud or error, and matters we identified from our review of the policies, procedures and internal controls; and

- the matters discussed among the audit engagement team regarding potential indicators of fraud and where it might occur in the financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

MICHAEL BARNETT (Senior Statutory Auditor)

for and on behalf of McAleer Jackson Ltd

Chartered Accountants & Statutory Auditors

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

4 July 2026

2026

2025

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3

53,463

-

53,463

56,433

Charitable activities

4

Bookshop

1,715

-

1,715

868

Room rent

5,009

-

5,009

3,855

Course subscriptions

19,742

-

19,742

19,255

Charitable activities

256,225

167,449

423,674

297,808

Service agreements

20,930

-

20,930

19,338

Other income

200

-

200

75,296

Total

357,284

167,449

524,733

472,853

EXPENDITURE ON

Charitable activities

5

Charitable activities

365,630

159,265

524,895

523,277

NET INCOME/(EXPENDITURE)

(8,346

)

8,184

(162

)

(50,424

)

Transfers between funds

18

(9,157

)

9,157

-

-

Net movement in funds

(17,503

)

17,341

(162

)

(50,424

)

RECONCILIATION OF FUNDS

Total funds brought forward

787,077

-

787,077

837,501

TOTAL FUNDS CARRIED FORWARD

769,574

17,341

786,915

787,077

2026

2025

Notes

£

£

FIXED ASSETS

Tangible assets

11

640,766

689,173

CURRENT ASSETS

Stocks

12

5,209

4,544

Debtors

13

16,168

20,998

Cash at bank and in hand

163,729

105,159

185,106

130,701

CREDITORS

Amounts falling due within one year

14

(25,157

)

(32,797

)

NET CURRENT ASSETS

159,949

97,904

TOTAL ASSETS LESS CURRENT LIABILITIES

800,715

787,077

CREDITORS

Amounts falling due after more than one year

15

(13,800

)

-

NET ASSETS

786,915

787,077

FUNDS

18

Unrestricted funds

769,574

787,077

Restricted funds

17,341

-

TOTAL FUNDS

786,915

787,077

The financial statements were approved by the Board of Trustees and authorised for issue on 4 July 2026 and were signed on its behalf by:

Godfrey Young - Trustee

Marian Harte - Trustee

Cash flows from operating activities

Cash generated from operations

1

65,189

(35,810

)

Interest paid

(2,370

)

(2,310

)

Net cash provided by/(used in) operating activities

62,819

(38,120

)

Cash flows from investing activities

Purchase of tangible fixed assets

(3,919

)

-

Net cash (used in)/provided by investing activities

(3,919

)

-

Change in cash and cash equivalents in the reporting period

58,900

(38,120

)

Cash and cash equivalents at the beginning of the reporting period

2

104,212

142,332

Cash and cash equivalents at the end of the reporting period

2

163,112

104,212

1.	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

2026

2025

£

£

Net expenditure for the reporting period (as per the Statement of Financial Activities)

(162

)

(50,424

)

Adjustments for:

Depreciation charges

52,327

51,678

Interest paid

2,370

2,310

Grants released

(200

)

(75,296

)

(Increase)/decrease in stocks

(665

)

2,101

Decrease in debtors

4,830

20,904

Increase in creditors

6,689

12,917

Net cash provided by/(used in) operations

65,189

(35,810

)

2.	ANALYSIS OF CASH AND CASH EQUIVALENTS

2026

2025

£

£

Cash in hand

2,232

625

Notice deposits (less than 3 months)

161,497

104,534

Overdrafts included in bank loans and overdrafts falling due within one year

(617

)

(947

)

Total cash and cash equivalents

163,112

104,212

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.25

Cash flow

At 31.3.26

£

£

£

Net cash

Cash at bank and in hand

105,159

58,570

163,729

Bank overdraft

(947

)

330

(617

)

104,212

58,900

163,112

Total

104,212

58,900

163,112

1.	GENERAL INFORMATION

Tara Centre is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is 11 Holmview Terrace, Omagh, Co. Tyrone, BT79 0AH which is also the principal place of business of the company.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in pound sterling which is the functional currency of the company.

Company status

The company is a company limited by guarantee. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

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 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.

Support Costs Allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities, such as office costs, administrative payroll. They are incurred directly in support of expenditure on the objects of the charity. Where support costs incurred cannot be directly attributed to particular headings they have been allocated to all the activities on pro rata basis in relation to sources of income.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold Property - 2% Straight Line

Fixtures & Fittings - 10% Straight Line

Computer Equipment - 25% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation 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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the Statement of Financial activities in other trading activities

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for a period of 12 months from the date of signing. The validity of this assumption depends on future revenue funding meeting future revenue expenditure.

In response to the challenging funding environment that exists, the trustees have prepared financial projections of income and expenditure to assess the financial resources available to the charity for the next twelve months. On the basis of those projections the trustees are satisfied the assumption of going concern is appropriate.

In addition the charity has a number of pending funding applications that are not reflected in the financial projections and, whilst not certain, the trustees are confident that the charity will be successful in securing future revenue through a number of those applications.

Grants receivable

Capital grants received and receivable are treated as deferred income and amortised to the Summary Income and Expenditure Account annually over the useful economic life of the asset to which it relates. When the possibility of clawback is remote and in the interests of accurately stating the company's liabilities, the directors may consider it appropriate to release all or part of the remaining grant to the income statement. Revenue grants are credited to the Summary Income and Expenditure Account when received.

3.	DONATIONS AND LEGACIES

2026

2025

£

£

Donations

53,463

56,433

4.	INCOME FROM CHARITABLE ACTIVITIES

Grants received, included in charitable projects are as follows:

2026

2025

£

£

VSS

137,450

135,972

MHSF

-

61,470

People & Communities

166,666

-

Other restricted grants

37,500

-

Unrestricted grants

86,058

100,367

427,674

297,808

5.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Direct

(see note

Costs

6)

Totals

£

£

£

Charitable activities

525,434

(539

)

524,895

6.	GRANTS PAYABLE

2026

2025

£

£

Charitable activities

(539

)

358

7.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):-

2026

2025

£

£

Depreciation

52,327

51,678

Foreign exchange (surplus)/deficit

(539

)

358

Auditor's remuneration

8,064

7,560

Amortisation of grants

(200

)

(75,296

)

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

9.	STAFF COSTS

2026

2025

£

£

Wages & salaries

325,634

296,246

325,634

296,246

The average monthly number of employees during the year was as follows:

2026

2025

Support

16

14

No employees received emoluments in excess of £60,000.

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

56,433

-

56,433

Charitable activities

Bookshop

868

-

868

Room rent

3,855

-

3,855

Course subscriptions

19,255

-

19,255

Charitable activities

314,029

(16,221

)

297,808

Service agreements

19,338

-

19,338

Other income

68,258

7,038

75,296

Total

482,036

(9,183

)

472,853

EXPENDITURE ON

Charitable activities

Charitable activities

523,277

-

523,277

NET INCOME/(EXPENDITURE)

(41,241

)

(9,183

)

(50,424

)

Transfers between funds

(9,183

)

9,183

-

Net movement in funds

(50,424

)

-

(50,424

)

RECONCILIATION OF FUNDS

Total funds brought forward

837,501

-

837,501

TOTAL FUNDS CARRIED FORWARD

787,077

-

787,077

11.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

2,362,486

274,491

60,473

2,697,450

Additions

-

2,209

1,710

3,919

Disposals

-

-

(49,686

)

(49,686

)

At 31 March 2026

2,362,486

276,700

12,497

2,651,683

DEPRECIATION

At 1 April 2025

1,689,075

259,333

59,869

2,008,277

Charge for year

47,249

4,241

836

52,326

Eliminated on disposal

-

-

(49,686

)

(49,686

)

At 31 March 2026

1,736,324

263,574

11,019

2,010,917

NET BOOK VALUE

At 31 March 2026

626,162

13,126

1,478

640,766

At 31 March 2025

673,411

15,158

604

689,173

Ownership of Building

On 23 April 2025 the property at Holmview Terrace, Omagh was registered in the name Tara Centre as the full owner. Prior to this it was leased to the charity by The Union of Presentation Sisters (Northern Province) and The Congregation of Sisters of Mercy (Northern Province) jointly as tenants in common.