Foyle Clvlc Trust Flnanclal Statements and Trustaès, Report tor the year •nded 31 March 2023
Foyle Clvlc Trust Conlents Pago Administrative InlormatK)n Trustees Report Ind8pendenl Examiner's Report Statement of Financial Aclivilies for the year ended 31 March 2023 Balance Sheet as al 31 March 2023 Notes10 the Accounls 8-10
Foyle Clvlc Trust Admlnlstratlve Inlormatlon Slatus The organisation is a charilable organisalion established in 1989 and is recognised as a charity by ihe Northern Ireland Charity Commission. The governing document is a Constilulion. Dlrector• Peter Tracey (Chairperson) Paul McGarvey Mary McLaughlin Austin Sammon {Treasurerl Dr Robert Murtland Jim Foster Tony Monaghan Steve Bradley Clara Mccallion Accountantg . Fergus McAteer & Co Chartered Accountants 31133 Clarendon Street DeTry BT48 7ER Maln Bankers . A18 Meadowbank Strand Road Derry Reglstered Offlce . 1 Si Columb's Court Derry BT48 6PT Charlty Commls8lon for Northern Ireland Number: NIC 100078 Page 1
Foyle Clvlc Trusl Tru8lees' Annual Report for the year ended 31 March 2023 Report ot the trustee8 for the year ended 31 March 2023 The trustees, are pleased to present their annual report together wilh the financial statements of the Charity for the year ended 31 March 2023. The financial slatemenls comply with the Charities Act INI) 2008, the Charities (Accounts and Reports) r4egulations INI) 2015, the charity's Conslitution and Reporting by Charities.. Stalement ol Recommended Praclise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicab5e in the UK and Republic of Ireland IFRS1021 (etfeclive 1 January 2019.1 Trusteeg The trustees during the year and at 31 March 2023 were as follows: Offlcers P81er Tracey (Chairperson) Willlam Lynn Ivlce chaSrpersonl Christine Gilllland ISecr8laryl Austin Sammon ITTeasurerl Executlve Commlttee Mary McLaughlln Dr Robert Murtland Jim Foster Mark Lusby Caroline Dickson Tony Monaghan Paul McGarvey Our purpos03 and actlvltle8 Foyle Civic Trust IFCTI operates In the areas comprising the District Counclls of Derry, Limavady and Strabane in Northern Ireland and the Inishowen Peninsula in the Reput1¢ ol Ireland. FCT aims lo improve the physical environment, increase recognition of the distinctive history, cullure and physical legacy ol the area and improv8 and protect built and natural environment leading to an increased sènse of pride for the local community, creating more attractive places for tourists and bringing heritage-led regeneration. Chalr Report, Achlevements and plans tor the futurn The chairman welcomed everyone to the 34th AGM of the Foyle Civic Trust and reviewed the activities during the year and plans for the future. We have made progress during this year. including a successful application being made to the Hentage Lottery Fund for the Build Heritage project. which formally started in May 2023. The Trust also conlinued its work to increase recognition ol Ihe dislinclive history. culture and physical legacy of the area and improve and protect the built and natural environment and held functions with key industry speakers. The Foyle Civic Trust will continue this work in the forthcoming years. Flnanclal revlew During the year income of £147 was received and costs of £1,046 were incurred lo leave a nei deflcit of £899. The reserves al the end of the year were £2,577 of which all are unrestficled. The Trustees were pleased with the results lor the year, Re8erve8 poll¢y and golng concern Reserves are needed lo bridge the gap beeen the spending and receiving ol income and lo cover unplanned emergency costs. Due lo the nature of Charity. no activities are started or costs incurred until funds are secured from members. The Trustees Consider that only nominal reserves are necessary lo meet future costs. Page 2
Foyle Clvlc Trusl Trustees, Annual Report tor the yr ended 31 March 2023 These financial statements were approved by the trustees on 28 February 2025 and signed on their behalf by.. Au8tln Sammon <Tr•a8urgr) Trust Pago 3
Foyle Clvlc Tru81 unaudlted 8talutory Ilnanclal statements of Foyle Clvlc Trusl Year 8nded 31 March 2023 We report solely to the charily trustees on our examinalion ol the accounts lor the period ended 31 March 2023. To the fullest extent permllted by law, we do nol accept or assume responslbility lo anyone other than Foyle Civic Trust and rts trustees as a body for our work or for this r8POrt. As a praclising member firm ot Chartered Accountants Ireland, we are subject lo its ethical and other professional requirernenls which are delailed al wM.charter8daccounlanls.ie. R08PeCtlv• re3ponslbllltle8 of charlty tru8tee8 and examlner As the charity trus18es you are responsibl8 lor th8 preparation of Ihe accounts in accordance with the iaqulrem8nls ol th8 Charities Act (Northern Ireland) 2008. Having salislied ourselves that the charity is eligible lor ind8pendent examinalSon, It is our responsibllity to: examing the accounts under secllon 65 01 Ihe Charities Act. follow the procedur88 lald down In general Dlr8ctlons glven by ihe Charlty Commlsslon lor Northern Ireland under section 651gllbl ol the Charities Act. stale whether particular matters have come to our attention. Ba818 of Indop•ndonl axamln•r'• report We have examlned your charlly accounts as required under section 65 of the Charities Acl and our examination was carried oul in accordance wilh the general Directions given by the Charity Commisslon for Northern Ireland under section 6519llbl of the Charities Act. Thg examination included a review ol the accounllng records kept by the charity and a comparison of the accounts presented wlth those records,11 also included consideration ol any unusual i18ms or disclosures in the accounts, and $88king explanations from you as charity trustees concerning any such matters. Our role is to slate whether any material matters have come lo our attention giving us concern to belleve: 1. that accountlng records were not kept as requlred by 8ectlon 63 of the Charllles Acl; 2. that tho accounts do not accord with those aecounling record8', 3. that the accounts do nol comply wilh the accounting requirements of the Charities Act and wilh methods and prlnclples of the Charilles Slaiemenl ol Recommended Practise appllcable to charities pr6paring their accounts in accordance wilh the Financial Reporting Slandard applicable in the UK and Republic Of Ireland. 4. that there is further inloimalion needed lor a proper understanding ol the accoun18 lo be reached. Page 4
Foyle Clvlc Trust Indopond8nl Examlner's Report to Ihe Charlty Tru8tee8 Ot Foyle Clvlc Trusl (conllnued) Year Ènded 31 Mor¢h 2023 Independent Examlnw'8 Stat•m•nl We have completed our examination and have no concerns in respect of the matters111 to141 above and, in connection with following ihe Directions ol the Charity Commission for Northern Ireland, we have found no matters that require drawing to your altenlion. F6rgu$ McAteer Chartered Aecounlantj 31133 Clarendon Street D6rry BT48 7ER s McAfÈÈfy 28 F•bruary 2025 2 8 FEB 2025 Pag• 5
Foyle Clvlc Trugl Stalement ol Flnanclal Acllvltles (Includlng Incorne and expendlture account) lor the ye•r ended 31 March 2023 Unre8trlcted Reslrlcted Fund8 Funds Total8 2023 Not•s Incom• and •ndowm0nt• Income Irorn charitable activlties 147 147 Total Incomo 147 147 Exp•ndltur• Charitable aclivlties 1,046 1,046 Total exp•ndltur• Net Income 18991 1899) Net movemént In lund8 18991 1899) Reconclllatlon of funds Total funds brought forward al 1 April 2022 3,476 3,476 Total lunds carrSed forward at 31 March 2023 2,577 2,577 Page 6
Foyle Clvlc Trust Balance Sheel a8 at 31 March 2023 Unreslrlcled Reslrlcted Funds Funds Totals 2023 Notes Curr Cash at bank and in hand Total currgnl 088ets 2,577 2,577 2,577 2,577 Credltors: amounts falllng due wlthln one year Net curront as8018 2,577 2,577 Total asse18 lass curr•nt Ilablllllès 2,577 2,577 Credltors: amounts lalllng due Net assets 2.577 2.577 Restricted funds Unrestricled funds 2,577 2,577 Funds 2,577 2,577 These financial stalemenls were approved by the Iruslees on 28 February 2025 and signed on Ih8ir behalf by.. Austln Sammon (Treasurer} Truste0 Page 7
Foyle Clvlc Trust Notes to the flnanclal 8tatement8 Year ended 31 March 2023 Ba818 of proparatlon The financial slatements have been prepared in accordance with Accounting and Reporting by Charities: Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in tha UK and Republic of Ireland IFRS 102} lellective 1 January 2019} - (Charities SORP IFRS 10211 and the Financial Reporting Standard applicable in the UK and RepLsblic ol Ireland IFRS 1021. Foyle Civlc Trusl meels the definition ol a publlc benetil enlity urKler FRS 102. Assels and liabilities are inilially recognised al hislorical cost or transaction value unless otherwlse staled in the relevant. The Ilnancial statements are prepared in slerlSng, which is the functional currency ol the entity. Golng concern There are no material uncertainties about the charity's ability lo continue Income Income represents the total value of membershlp lees received and receivable. Fundj Unrestricted Revenue Funds - comprise thoso revenue fund$ whlch the trustees are free 10 use In accordance with the company obj8clives. Restricted Revenue Funds . cornprise Ihose revenue funds which have been glven lor particular purposes and projects. 3. Inoom• Unr•8trid•d Re8trfet•d Funds Fund8 Total 2023 Incomè from charltable a¢tlvltl•• Membefship lees Total 147 147 147 147 Pago 8
Foyl8 Clvlc Tru8t Noto$ to the flnanclal stalement8 Icontlnuedl Year ended 31 March 2023 4. Expendlture Undrestrlcted Fund• Restrlcted Fund8 Total 2023 Meeting 8xpenses Prlnting, postage and slalionery Members even18 & oulings Bank charges Gen6ral expenses Total 310 126 539 30 41 1,046 310 126 539 30 41 1,046 Paga 9
Foyle Clvlc Trust Notes to the Ilnanclal slatements (conllnued) Year ended 31 March 2023 Analy818 of charllable funds Analysls ol movements In unr•slrScted funds Balance at IncomlngRe$ources Fund9 at 1 st Apr .22 Rèsources Expended Tran8fer8 31 st Mar .23 General Fund 3,476 147 1,046 2,577 3,476 147 {1 ,0461 2,577 Name ot restrlcted lund G8neral Fund Descrlptlon of the Fund Funds which the Trust is able to apply Ireely In pursuit ol its own charitab18 objectiV8s and related purposes. Analysls of movements In restrlcled lunds Balance 81 IncomSngRe50urces Funds al 1st Apr'22 Aesource8 Expendod Translers 31st Mar '23 Restricted Fund Name of r89trlcted fund Restricted Fund De5crlptlon of Ihe Fund Funds which the Trust applies lor particular purposes and projects In pursuit ol ils charitable objectives Analys18 ol net assets belween tund8 General Restrlcted Fund Fund 2,577 Total 2,577 Cash al bank arKI in hand Total 2,577 2,577 Pag6 10