Foyle Clvlc Trust Flnanclal Statomentg and Tru8toa$' Rèport for Ihe year ended 31 March 2024
Foyle Clvlc Trust Contents Page Administrative Information Trus18es Report Independent Examlner's Report Stalement of Financial Activities for the year erKled 31 March 2024 Balance Sheet as a131 March 2024 Note$ to the Accounts 8-10
Foyle Clvlc Tru81 Admlnlslrallve Informallon Status The organisation is a charitable organisalion established in 1989 and is recognised as a charity by iha Northern Ireland Charity Commission. The governino documenl is a Constilution. Dlrector8 Peter Tracey {Chaifpersonl Paul McGarvey Mary McLaughlln Austin Sammon {Tr8asurer) Tony Monaghan Dr Robert Murtland Jim Foster sieve Bradley Clara Mccallion Accountant• Fergus McAteer & Co Chartereo Accounlanls 31133 Clarendon Street Derry BT48 7ER Maln Bank•r8 . AIB MgadowbanK Slrand Road Oerry Reglstered Ofllce , 1 Sl Columb's Court Derry 8T48 6PT Charlty Comml38lon for Northern Ireland Number: NIC 100078 Pago 1
Foyle Clvlc Trust Tru8tee3' Annual Report lor thè y•ar ended 31 March 2024 Report ol the Iru8looJ lor the year endèd 31 March 2024 The trustees, are pleased to present their annual report together with the financial statem6nts ot Ihe Charily lor th8 year ended 31 March 2024. The financial stalemenls comply with the Charities Act INI) 2008, the Charilies (Accounts and Reports) Regulations INII 2015, the charity's Constitution and Fleporting by Charities.. Statement ol Recommended PractlS8 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic ol Ireland IFRS1021 lelfective 1 January 2019.1 Tru•teo• The trustees during the year and al 31 March 2024 were as follows.. Off Ic8r• Peter Tracey Ichaifpersonl Mlchael Ward (Vlce chalrper8on & Secretary) Ausiin Sammon {Troa8urerl Ex•eutlve Commlttee Tony Monaghan Dr Robert Murtland JIM Foster S18ve 8radley Mark Lusby Mary McLauohlin Paul McGarvey Our purposes and actlvltles Foyle Civic Trust IFCTI operates in the areas comprlsing the Districl Counclls ol Derry, Llmavady and Slrabane in Northern Irelancl and the Inishowen Peninsula in the Flepublic of Ireland, FCT aims to improve the Physical gnvironment, increase recognition ol Ihe distinctive hlslory, culture and physical legacy ol the area and improve and protect built and natural environment leading lo an increased sen58 01 pride lor Ihe local community, creating more attractive plac88 tor louiisls and bringing heritage-led r8generation. Chalr Report, Achlevemonts and plan• for the future The chaSrrnan welcorn&a everyone lo the 35th AGM ol thè FOO0 Clvlc Trust and revSewed the aclivilies during the year and plans lor the future. We have made progress during this year. including a successful application being made lo the Heritage Lottery Fund lor the Build Heritage project, which lormally started in May 2023. The Trust also continued ils work lo increase recognition ol the distinctive history, culture and physical 5egacy ol the area and improve and protect the built and natural environment and held functions with key industry speakers. The Foyla Civic Trust will conlinue this work in the fortttcoming years, Flnanclal revlew During the year Income of £23712023 £1471 was received and costs of £76312023 £1,046) were Incurred to leave a nel deficit 01 £52612023 £8991. The reserves al the end ol the year w8re £2,051 12023 £2,577101 which all are unreslricled. The Trustees wer8 pl8as8d with the results lor the year. Page 2
Foyle Clvlc Trust Trustees, Annual Report lor the year ended 31 March 2024 R086rv•s poll¢y •nd 9olng ¢on¢•rn Reserves are needed lo bridge the gap between the spending and receiving of income and lo cover unplanned emergency costs. Due to the nature ol Charity, no activities are started or costs incurred until funds are secured from members. The Trustees consider that only nominal reserves are necessary to meet future cosls. These flnanclal stalements were approved by ihe trustges on 28 February 2025 and slgned on thelr behall by.. Austln Sammon (Treasurer) Trustee Page 3
Foyle Clvlc Tru81 unaudlted giatutory Ilnanclal 8tatemenl$ ol Foyle Clvlc Trust Year ended 31 March 2024 We report solely to the Charity Irustees on our examination of the accounts lor the period ended 31 March 2024. To the lullesi exlenl permitted by law, we do nol accept or assume responsibllity lo anyone Other than Foyle Civic Trust and its trustees as a body tor our work or for this report. As a praclising member firm ol Chartered Accountants Ireland, we are subject lo its ethical and other professional requirements which are detailed at www.charteredaccounlanls.ie. R?8pectlve re8pon81bllltle8 of charlly Iru8leo8 and examlner As the charity trust885 you are responsible lor th8 pr8paration of the accounls In accordance with the requlremenls ol the Charill8s Act (Northern Ireland) 2008. Having salislied ourselves that the charity is eliglble lor independent examinallon, it is our responsibility to.. examlne the accounls under secllon 65 of the Charities Act. follow the procedures laid down In general Dlre¢tion8 glven by ihe Charity Commlsslon lor Northern Ireland under section 6519llbl ol the Charities Act. slate whether particular matters have come to our attention. Ba•1• of Ind8pondeni •xamln•r'• r•port We have examlned your charily accounts as requlred under section 65 of the Charilies Act and our examination was carri&l out in accordance with the general Oirections given by the Charity Commission for Northern Ireland under section 6519llbl ol the Charities Act. The examination included a review of the accountlng records kept by the charity and a comparSson ol the accounts presènted with those records. It also includ8d cons5deration of any unusual it8ms or disclosures in the accounts, and seeking 8xplanations from you as charity trustee8 concerning any such matters. Our role is lo stal8 whelh8r any ma18rial matters have come lo our altenlion glvlng us concein lo believe.. 1 . thai accounting records were nol kept as required by section 63 01 the Charitles Act., 2. thai the accounts do not accord with those accounllng records; 3, that Ihe accounts do not comply with the accountlng requlrements of the Charities Act and with method$ and prlnciples of th8 Charilias Slaiernent ol Recommended Practlse applicable to charltles preparing Ihelr accounts in accordanc8 with the Financial Reporting Standard applicable in the UK and Republic Of Ireland. 4. that there is lurther information needed foi a prop8r understanding ol the accounts lo be reached. Page 4
Foylo C5vl¢ Trust Independent Examlner'g Report to the Charlly Tru8lee8 of Foyl• Clvlc Trust {conllnued) Year endéd 31 March 2024 Independent Exemlner'8 Slatement We have compleled our examination and have no concerns in respect of the matters111 to141 above and, in connection with following the Dlrections of the Charity Cornmission for Northern Ireland, wa have found no matters thai require drawing to youi allenlion. Fergus McAteor & C Chartered Accountant8 31133 Clarendon Stroet Darry 8T48 7ER 28 F•bruary 2025 HARTEREO 2 8 FEB 20Z5 Page 5
Foyle Clvlc Trust Statemenl ol Flnanelal Actlvltles (Includlng Incorne and expendlture accounl) for th• year ended 31 March 2024 Unrngtrlctad Rèsirfcted Funds Fund3 Totals 2024 Totalj 2023 Note• Income and endowmonl• Donations & legacles Income from charitable aclivities 100 137 100 137 147 Total Income 237 237 147 Expendlture Charitable aclivitles 763 763 1,046 Tot•1 expondllure Nel Incom• 15261 {5261 18991 Nel movemenl In funds 15261 {526) 18991 Reconclllallon of lunds Total funds brought forward at l April 2023 2,577 2,577 3,476 Total funds carried forward at 31 March 2024 2,051 2,051 2,577 Pag• 6
Foylo Clvlc Tru81 Balance Sheei as ai 31 March 2024 Unre3trlcled Re8trlcted Funds Fund8 Totals 2024 Tolals 2023 Note8 rr Cash al bank and In hand Tol41 curr•nt a88elJ 2,051 2,051 2,051 2,577 2,577 Credllors: amounts lalllng du• wllhln one year N•1 curr•nt 088et• 2.051 2.051 2,577 Toial a8901J leg• curront Il•bllltloJ 2,051 2,051 2,577 Credltor8: amount8 falllng due Nel a88018 2.051 2.051 2,577 Reslricl8d funds Unreslrictecl lunds 2,051 2,051 2,577 Fund8 2,051 2,05t 2,577 These Ilnanclal statements were approved by the trustees on 28 February 2025 and slgned on thelr bahalf by., Augtln Sammon {Trea8urer) Tru#tao Page 7
Foyle Clvlc Trusl Notes lo the Ilnanclal 8tatement8 Year ended 31 March 2024 Bas18 Ot preparallon The financial statements have been prepared in accordance with Accounting and Reporting by Charllies.. Statement of Recommended Practice applicable to chari116s preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 lelteclive l January 20191- (Charities SORP IFRS 10211 and the Financial Flewrting Standard applicable in the UK and Republic ol Ireland IFRS 102), Foyle Clvic Trusi meets the definition ol a publlc benefit entity under FFIS 102. Assels and liabilities are inltlally rècognlsed al historical cost or transactlon valu8 unless otherwi88 stated in the relevant. The financial siaiemenls are prepared in siorling, which is the functional currency ol the eniity. Golng concern There are no material uncertainlie8 about the charity's abilily lo ¢ontinu8 Incom• Income represents the total value of membershSp lees received and receivable. Funds Unresiricied Revenue Funds . comprise those revenue funds which the trustees are free lo use In accordance with the company objectives. Resliicted Revenue Fund8 - comprise Ihose revenue funds which have been given tor particular purposes and projects. 3. Incom• Unreslrlcted Re8lrlcted Fund8 Funds Total 2024 Total 2023 Don•tlons and legaclej Donations Totol 100 100 100 100 Income Irom charltable acllv5tle8 Membership fees Total 137 137 137 137 147 147 Page 8
Foyle Clvlc Trust Notes to the flnanclal 8lalemenl$ (conllnuad) Year ended 31 March 2024 4. Expendllure Unvreslrlcted Fund8 Re3trlcted Fund8 Total 2024 Total 2023 Ex Meeting expenses Printing, postaae and statlonery Adv8rtising Members events & outings Bank charges G8neral 8xpense8 Total 375 110 100 96 33 49 763 375 110 100 96 33 49 763 310 128 539 30 41 1,046 Page 9
Foyle Clvlc Tru81 Not88 lo the flnanclal Statements Icontlnued) Year ended 31 March 2024 An•ly813 of charltable lund8 Analy818 ol movemen18 In unrestrlcted funds Balance 8t Incomlngflesources Funds at 18t Apr .23 Re•ource8 Expandod Tr•n•fer• 318t Mar .24 General Fund 2,577 237 763 2,051 2,577 237 17631 2,051 Name of reglrlcted lund General Fund Descrlptlon ol Iha Fund Funds whlch the Trust Is able to apply fro8ly in pursuil ol ils own harilablo objecllve$ and related purpose8. Analysls ol movements In restrlcted lund• Balance at IncomlngAegource• Fund8 01 1st Apr'23 Resources Expend•d Tran$f•r• 31st Mar'24 Reslricled Fund Name ol restrlctèd lund Reslricled Fund Descrlptlon of the Fund Funds which the Trust applies for particular purposes and projects in pur8Uit ol Its charitable obleclives Analys1$ ol net a89Ot$ between lund• Gonoral Reslrlcted Fund Fund 2,051 Total 2,051 Cash al bank arKI In hand Total 2,051 2,051 Pag8 10