Charity number: NIC 100168
Company number: N1030366
Gas Yard Wall Feile Llmlted
(A Company Ilmlted by guarantee)
Directors, report and financlal statements
for the year endod 31 March 2023

Gas Yard Wall FeiIe Limited
(A Company limited by guarantee)
Contents
Page
Legal and administrative information
Directors Report
Independent Examiner's Report
Statement of Finaiicial Activities
Balance slieet
Notes to the accounts
8-13

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Legal and Administrative Information
Charlty Name
Gas Yard Wall Feile Limited
Charity Number
NIC100168
Company Registration Number
N1030366
Registered Offi¢¢
The Old Clinic
Fanad Drive
Derry
BT48 9QE
Dlrectors
Sean Collins
Donna Mccloskey
George McGowan
Secrctary
Sean Mcmonagle
Accountants
McGroaty Mccafferty & Company Ltd
Accountants and Tax Consultants
2 Carlisle Terrace
Derry, BT48 6JX
Bankers
Bank of Ireland
27 Culmore Road
Derry
BT48 8JB
Page I

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Director's Report
Tlie directors present their report and the financial statements for tlie year ended 31 March 2023.
Principal Activity
The Gasyard Wall Feile is a year round ¢ultural programme based in th¢ Bogside IBrandywell areas but with
activities and events taking place throughout the Triax Renewal area and the wider Derry City Council area.
Directors and their interests
The directors of the charity for the purposes of charity law and throughout this report are collectively referred
to as the directors.
The directors serving during the year and since the year end were as follows:
Sean Collins
Doniia Mccloskey
George McGowan
Structure• governance and management
The organisation is a company witli charitable status. The entity was formed on 4th March 1996. The
company was established under Memorandum & Articles of Association which outlined the area of benefit
and the objects of the cliaritable organisation.
All meinbers of Board give tlieir time voluntarily and received no benefits from tlie charity.
The board of directors meets as required and is responsible for policy, strategic direction and overall
governance.
Rlsk Management
The directors have a risk management strategy which consists of establishing a system of identifying risks and
mitigating such risks.
Flnancial review
Thc financial perforniance is summarised on pages 5 to 13.
Directors Rosponslbllities In Relation To The Financial Statements
The directors are responsible for preparing the directors report and the financial statements in accordance
witli applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year that give a true and
fair view of the state of the atyairs of the charity at the end of the financial year and of its surplus or deficit for
the financial year. In doing so the directors are required to:
select suitable accounting poli¢ies and apply them consistently;
observe the methods and principles in the Charities SORP (FRS 102);
make Judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements.
Page 2

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Directors Report
.continued
prepare th¢ finaiicial stalements on the going concern basis unless it is inappropriate to presume that the
cliarity will continue in business.
Tl)e directors are responsible for Inaintaining proper accounting records which disclose with reasonable
ac¢uracy at any time the financial position of the charity and enables them to ensure that the financial
stateineiits Comply with the Companies Act 2006. The directors are also responsible for safeguarding the
assets of tlie charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irrcgularities.
This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006
relating to small companies.
This report was approved and authorised for issue by tlie Board on l December 2023 and signed on its behalf
by
Dlrector
Director
Page 3

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Independent examiner's report on the unaudited financial statements to the directors of
Gas Yard Wall Feile Limited
We report on the accounts of the company for the year ended 31 March 2023, which are set out on pages
5-13.
Respective responslbllities of charity directors and examiner.
As the charity directors you are responsible for the preparation of the accounts in accordance with the
requirements of the Companie5 Act 2006, Having satisfied ourselves that the charity is not subject to audit
under coinpany law, and is eligible for independent examination, it is our responsibility to;
examine the accounts under section 65 of the Charities Act 2008;
follow tlie procedures laid down in the general directions given by the Charity Commission for Northern
Ireland under scction 65(9)(b) of the Charities Act 2008.
state whether particular matters have come to our attention.
Basis of Independent examiner's report
We liave examined your charity accounts as required under section 65 of the Charities Act and our
examination was carried out in accordance with the general directions given by tlle Charity Commission for
Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the
accounting records kept by the charity and a comparison of the accounts presented witli those records. It also
included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from
you as charity directors conceming any such matters.
Our role is to state wliether any material matters have come to our attention giving us cause to beli¢ve:
tliat accounting records were Iiot kept in accordance with section 386 of the Companies Act 2006.
tliat the accounts do not accord with those accounting records;
that tlie accounts do not comply with the accounting requirements of th¢ Section 396 of the Companies Act
2006 and tlie methods and principles of the Charities Statement of Recommended Practice applicable to
harities preparing their accounts in accordanG¢ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland;
that there is further infonnation needed for proper understanding.
Independent examincr's statement
We have completed our examination and have no ¢oncems in respect of the matters listed above and, in
connection with the following directions of the Charity Commission for Northern Ireland, we have found no
matters that require drawing to your attention.
Mccroarty,
affe
Accountants & Tax Consultants
2 Carlisle Terrace
Dcrry
BT48 6JX
pany
Date: l December 2023
Page 4

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Statement of Financial Activities
for the year end¢d 31 March 2023
Year
Ended
2023
Year
Ended
2022
Unre3trieted
Funds
Restrlcted
Funds
Income and Ei xpenditure
Notes
Incoming Resources
Voliinlaiy Inconie..
Grants & Sundry Income
18,407
340,971
359,378
369,126
Total Incoming Resources
18,407
340,971
359,378
369,126
Resources Exponded
Management & Administration
2,492
344,454
346,946
342,569
Total Resources Expended
2,492
344,454
346.946
342,569
Net Incomlng l (Outgoing) Resources
15,915
(3,483)
12,432
26,557
Balances brought forward l April 2022
31,316
22,247
53,563
27,006
Balances carried forward 31 Marcli 2023
47,231
18,764
65,995
53,563
The above ainounts relate to continuing operations of the charity.
The charity has no recognised gains and losses other than those included in the results above and therefore no
seperate statement of total recognised gains and losses has been presented.There is no differenc¢ between the
net incoming resources for the year Stated above and tlieir historical Gost equivalents.
Page 5

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Balance she¢t
as at 31 March 2023
2023
2022
Notes
Fixed assets
Tangible assets
13,757
20,215
Current asscts
Debtors
Cash at bank and in liand
77,804
12,651
80,654
4,614
90,455
85,268
Current liabilities
Bank loans and overdrafts
Otlier creditors
Accruals
8,627
16,142
27,151
26,451
11,766
38,217
51,920
Net current assets
52,238
33,348
Tot#1 ussets less current
liabilities
65,995
53,563
Funds
Unrestricted funds
Restricted funds
47,231
18,764
31,316
22,247
Total funds
65,995
53,563
Page 6

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Balance sheet (continued)
Dlrectors, statemonts required by Sections 475(2) and (3)
for the year ended 31 March 2023
In approving these financial statements as directors of the company we hereby confirm:
Tlie company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small
ompanies.
The members liave not required tlie company to obtain an audit in accordance witli section 476 of the
Compaiiies Act 2006.
Tlie directors acknowledge their responsibilities for complying With the requirements of the Companies Act
2006 witli respect to accounting records and preparation of accounts.
These accounts have been prepared in accordance with th¢ provisions applicablc to small companies subject to
the small companies regime and in accordance with SORP (FRS102).
The financial statements were approved and authorised for issue by the Board on l December 2023 and signed
011 its behalf by
Director
Director
Date: l Decembor 2023
Date: l December 2023
Registratlon No: N1030366
Page 7

Gas Yard Wall Feile Limited
Notes to the accounts
for the year ended 31 March 2023
General information
The company is a private company limited by guarantee, registered in Northern Ireland. The addres5 of
the registered office is The Old Clinic, Fanad Drive, Derry, Northern Ireland, BT48 9QE.
Accountlng convention
The principal accounting policies adopted in the preparation of the financial statements are set out
below aiid have remained unchanged from the previous year, and also have been consistently applied
witliin the sain¢ accounts.
Tlie financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recominended Practice applicable to charities preparing tlieir accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
Cliarities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102), the Companies Act 2006 and th¢ Charities Act (NI) 2008.
Tlie financial statements are prepared on a going concern basis under the historical cost convention,
modified to included certain items at fair value. The financial statements arc presented in sterling
whicli is the functional currency of the charity,
Fund accounting
Unrestricted funds are available for use at ihe discretion of the directors in furtherance of the general
objectives of the cliarity.
Designated funds are unrestict¢d funds eamiarked by the management committee for particular
purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or
through the terms of appeal.
1.3. Incoming resources
All incoining resources are included in the statement of financial activities when the charity is entitled to
the income and tlie amount can be quantified with reasonable accuracy. The following specific policies
are applied to particular categories of income:
Voluntary income is received by way of grants, donations aiid gifts and is included in full in the
statement of financial activities when receivable. Grants wliere entitlement is not conditional on the
delivery of a specific performance by the charity, are recognised when the charity becomes
unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The
value of services provided by volunteers lias not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when
tliey are sold.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT
which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and
those costs of an indirect nature necessary to support them.
Page 8

Gas Yard Wall Feile Limited
Notes to the accounts
for the year cnded 31 March 2023
1.5. Tangible r￿e￿ assets and dopreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates
calculated to write off the cost or valuation less residual value of each asset over its expected useful life,
as follows:
Fixtures & Fittiings
200/0 Straiglit Line
Income
2023
2022
Restricted Income
Department of Foreign Affairs
The Honourable Irish Society
The National Lottery Fund
Capital Grants
Department for Communities
TEO - Streets Alive
TEO - Communities in Transition
Derry City & Strabane District Council
19,725
2,000
14,925
2,950
679
28,362
167,004
103,512
16,195
61,728
93.891
144,975
18,652
340.971
333.627
Unrestrlcted Income
Donations & Project Incom¢
18,407
35,499
18,407
35,499
Total Income
359,378
369,126
(i)
Rcstrieted Funds
Funds received which are earniarked by the Funder for specific purposes. Such purposes are
within the overall aims of tlie organisation.
(li) Unrestrlcted Funds
runds wliicli are expeiidable at the discretion of the company in furtherance of the aims of the
charity. In addition funds may be held in order to finance capital investinent and working
apital.
Page 9

Gas Yard Wall Feile Limited
Notes to the accounts
for the year endcd 31 March 2023
Resources ExpeDd¢d
Unrestrictcd
Funds
Restricted
Funds
Total
2023
Total
2022
Monagement & Admlnlstration
Staff costs
Hire of sites, equipment & venues
Insurance
Events/ Prograinine Costs
Prograin Costs - Lottery fund
Programme printing & marketing costs
Teleplione
H05Pitality & travelling
Consultancy fees
Sundry expeiises
Donations
Accountancy fees
Bank Charges
Depreciation
151,828
2,352
1,863
177,388
151,828
2,352
1,863
177,388
124,183
1,370
1,116
201,187
1,577
1,075
690
1,021
2,462
2,062
821
1,682
2,062
821
1,682
35
1.000
1,164
293
35
1,000
1.164
293
6,458
1,062
367
6,458
6,458
2,492
344.454
346.946
342,569
Net (outgolng)lincoming resourees for the Year
Year
Ended
2023
Year
Ended
2022
Net (outgoing)/incoming resources is stated after cliarging;
Depreciation and other amounts written off tangible fixed assets
6,458
6,458
Page 10

Gas Yard Wall Feile Limited
Notes to the accounts
for the year ended 31 March 2023
Staff costs
Employment costs
2023
2022
Wages and salaries
Pension Costs
145,469
6,359
118,851
5,332
151,828
124,183
No einployee received emoluments of more than £60,000 (2022: None)
Tlie average monthly numbers of employees during the , calculated on the b&sis of full time equivalents,
was as follows:
2023
Number
2022
Number
Average nuniber of employees
Taxatlon
As a charity, Gas Yard Wall Feile Ltd is exempt from on income and gains falling within section
505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that
thcse arc applied to its chargeable objects. Accordingly? no charges have arisen in the charity.
Page 11

Gas Yard Wall Feile Limited
Notes to the accounts
for the year ended 31 March 2023
Tangible fixed assets
Equlpment
Total
Cost
At l April 2022
32,291
32,291
At 31 March 2023
32,291
32,291
Depreclation
At l April 2022
Chargc for the year
At 31 March 2023
12,076
6,458
12,076
6,458
18,534
18,534
Net book value
At 31 March 2023
13,757
13,757
At 31 March 2022
20.215
20,215
Debtors
2023
2022
Graiit Income due
77,804
80,654
Creditors: amounts falllng due
wlthln ono year
2023
2022
Otlier creditors
Bank loans and overdraft
Accruals & deferred income
19,601
9,292
8,627
34,001
18,616
38,217
51,920
Page 12

Gas Yard Wall Feile Limited
Notes to the accounts
for the year ended 31 March 2023
Movemonts in Funds
At
At
l Aprll Incomlng Outgolng 31 March
2022 resources resources
2023
Restricted funds:
Total restricted funds
Unrestrlcted funds:
Total unrestricted funds
22,247 340,971 (344,454)
18,764
31,316
18,407
(2,492)
47,231
Total funds
53,563 359,378 (346,946)
65,995
Purposes of Restrlcted Funds
Restricted grants awarded to the charity is provided to cover the core objects as explained in directors
report.
10.
RelAted Party Transaetions
There were no related party transactions in period under review.
11.
Llmited by Guarantee
Gas Yard Wall Feile Limited is a company limited by guarantee and accordingly does not liav¢ a
share capital.
12.
Controlllng Intorost
Ultimate control of the charitable company lies with the directors.
Page 13