Charity number: NIC 100168
Company number: N1030366
Gas Yard Wall Felle Llmlted
(A ¢omp#ny limited by guarantee)
Directors, report and financlal statements
for the year endod 31 March 2024

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Contents
Page
Legal and administrative information
Directors Report
Independent Examine￿$ Report
Statement of Financial Activities
Balance sheet
Notes to the accounts
8-13

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Legal and Administrative Information
Charity Name
Gas Yard Wall Feile Limited
Charlty Number
NIC100168
Company Registration Number
N1030366
Reglsterod Office
The Old Clinic
Fanad Drive
Derry
BT48 9QE
Dlrectors
Sean Collins
Donna Mccloskey
George McGowan
Sharon Meenan
Ciaran O'Donnell
Williain Charles O'Donnell
(Appointed 01.01.24)
(Appointed 01.01.24)
(Appointed 01.01.24
Resigned 01.04.2024)
Secretary
Sean Mcmonagle
(Resigned 08.01.24)
Accountants
McGroaty Mccaffety & Company Ltd
Accountants and 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
'Th¢ directors pres¢nt th¢ir report and the financial statements for the year ended 31 March 2024.
Principal Activity
The Gasyard Wall Féll¢ is a year round cultural programm¢ based in the Bogside IBrand)wcll areas but with
activities and ¢v¢nts taking place throughout the Triax Renewal area and the wider Derry City & Strabane
District Council area.
Directors and their interests
The directors of tlie charity for the purposes of charity law and throughout this report are collectively referred
to as tlie directors.
The directors serving during the year and since tli¢ year end were as follows:
Sean Collins
Sharon Meenan
Doniia Mccloskey
Ciaran O'Donnell
George McGowan
William Charles O'Donnell
(Appointed 01.01.24)
(Appointed 01.01.24)
(Appointed 01.01.24
Resigned 01.04.24)
Structure, governAnce And mAnagement
The organisation is a company witli charitable status. The entity was fonned on 4th March 1996. The
company was established under Memorandum & Articles of Association which outlined the area of benefit
and the objects of the ¢liaritable organisation.
All members of Board give their time voluntarily and received no benefits from the charity.
The board of dir¢otors mects as required and is responsibl¢ for policy, strategic direction and overall
govemance.
Risk Mydnagemcnt
Tlie directors have a risk management strategy which consists of establishing a system of identifying risks and
mitigating such risks.
Financial review
The financial perforniance is summarised on pages 5 to 13.
Directors Responsibilities In RelatioD To The Flnanclal Statements
The directors are responsibl¢ for preparing the directors report and the financial statements in accordance
willi 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 tlie affairs 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 policies and apply them consistently.
observe tlie metliods and principles in the Charities SORP (FRS 102).
make judgeiiienls aiid estiniates that are reasonable and prudent"
state ivhether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
Page 2

Gas Yard WaIl FeiIe Limited
(A company limited by guarantee)
Directors Report
.continued
prepare tlie financial slatements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
Tlie directors are responsible for maintaining proper accounting records which disclose with reasonable
accuracy at aiiy time the fiiiancial position of the charity and enables them to ensure tliat the financial
stateixents comply with tlie Coinpaiiies Act 2006. The directors are also responsible for safeguarding the
assets of the charity and Iience for taking reasonable steps for tlie prevention and detection of fraud and other
irregularities.
Tliis report is prepared iii accordance with tlie special provisions of part 15 of the Companies Act 2006
relating to small companies.
Tliis report was approved and authorised for issue by the Board on 3 October 2024 and signed on its behalf
Director
Dfirector
Page 3

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Independent examiner's report on tbe 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 2024, which are set out on pages
5-13.
Respectlve responslbllltlos of charlty direetors and examlner.
As tlie charity director5 you are responsible for tlie preparation of the accounts in accordance with the
requirements of the Companies Act 2006. Having satisfied ourselves that the charity is not subject to audit
under company law, and is eligible for independent examination, it is our responsibility to;
¢xamine th¢ accounts under section 65 of the Cliarities Act 2008;
follow tlie procedures laid down in the general directions given by the Charity Commission for Nortliem
Ireland under section 65(9)(b) of the Charities Act 2008.
state whether particular matters have come to our attention.
Basis of independent examiner's report
We have examined your charity accounts as required under section 65 of the Charities Act and our
examination was carried out in accordance with tlie general directions given by the Charity Commission for
Northem 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 with those records. It also
included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from
you as charity directors concerning any such matters,
Our role is to state wh¢ther any material matt¢rs have come to our attention giving u5 cause to believe:
that accounting records were not kept in accordance with section 386 of the Companies Act 2006;
tliat the accouiits do not accord with those accounting records;
that the accounts do not comply with the accounting requirements of the Section 396 of the Companies Act
2006 and the metliods and principles of the Cliaritles Statement of Recommended Practice applicable to
cliarities preparing tlieir accounts in accordance with the Financial Reporting Standard applicable in tlie UK
and Republic ofireland.
that tliere is further information needed for proper understanding.
Indop¢ndent examiner's statement
We have completed our examination and have no concerns in respect of the matters listed abov¢ and, in
connection with the following directions of the Charity Commission for Northern Jreland, we have found no
matters that require drawing to your attention.
McGroarty, Mccafferty & Company Ltd
Accountants & Tax Consultants
2 Carlisle Terrace
Derry
BT48 6JX
Date: 3 October 2024
Page 4

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Statement of Financial Activities
ror the year ended 31 March 2024
Year
Ended
2024
Year
Ended
2023
Unrestricted
Funds
Restricted
Funds
Income and Exponditure
Notes
IDcomlng Resources
Volunlary Inconie.,
Grants & Sundry Income
20,284
479,576
499,860
359,378
Total Incomlng Resources
20,284
479,576
499,860
359,378
Resources Expended
Management & Administration
1,490
485,050
486,540
346,946
Total Resources Expended
1,490
485,050
486,540
346,946
Net Incomlng l (Outgoing) Resources
18,794
(5,474)
13,320
12,432
Balances brought forward l April 2023
47,231
18,764
65,995
53,563
Balances carried forward 31 March 2024
66,025
13,290
79,315
65,995
The above amounts relate to continuing operations of the charity.
The charity lias no recognised gains and losses other than tliose included in the results above and therefore no
seperate statement of total recognised gains and losses has been pre5ented.There is no difference between the
net incoming resources for the year stated above and their historical cost equivalents.
Page 5

Gas Yard Wall Feile Limited
(A company Ilmited by guarantee)
Balance sheet
2s at 31 March 2024
2024
2023
Notes
Fixed assets
Tangible assets
7,299
13,757
Curront assets
Debtors
Casli at baiik and in hand
206,862
5,894
77,804
12,651
212,756
90,455
Current liabilitics
Bank loans and overdrafts
Other creditors
Aecruals
9.248
40,798
90,694
26,451
11.766
140,740
38,217
Net current assets
72,016
52,238
Total assets le$$ Current
liabilities
79,315
65,995
Funds
Unrestrictcd funds
Restricted funds
66,025
13,290
47,231
18,764
Total funds
79,315
65,995

Gas Yard Wall Feile Limited
(A company limited by guarantee)
Balance sheet (continued)
DirectorJ' statemonts required by Sections 475(2) and (3)
for the year ended 31 Mareh 2024
In approving these financial statements as directors of the company we hereby confim]:
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small
companies.
The members liave not required the company to obtain an audit in accordance with section 476 of tlie
Companies Act 2006.
The directors acknowledge tlieir responsibilities for coinplying with the requirements of the Companies Act
2006 with respect to accounting records and preparation of accounts.
Tli¢se accounts have been prepared in accordance with the provisions applicable to small companies subject to
the sinall companies regime and in accordance with SORP (FRSI 02).
The financial statements were approved and authorised for issue by the Board on 3 October 2024 and signed
on its behalf by
Director
Dlrector
DAto: 3 Octobcr 2024
Date: 3 Oetober 2024
Registration No: N1030366
Page 7

Gas Yard Wall Feile Limited
Notes to the accounts
for the year ended 31 March 2024
General information
Th¢ company is a private coinpany limited by guarantee. registered in Northern Ireland. The address 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 and have rcmained unclianged from tlie previous year, and also have been consist¢ntly applied
within the same accounts.
Tli¢ financial statements have been prepared in accordance with Accounting and Reporting by
Cliaritie5.' Statement of Recommended Practice applicable to ¢liarities preparing their 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 the Chariti¢s A¢t (Nl) 2008.
The financial statements are prepared on a going concern basis under the historical cost convention,
Inodified to included certain items at fair value. The financial statemenls are presented in slerling
vliicli is the functional currency of the cliarity.
1.2. Fund accountfing
Unrestricted funds ar¢ availabl¢ for use at the discretion of the directors in furtherance of the general
objectives of the charity.
Designated funds are unrestiGt¢d funds earmarked by the management committee for particular
purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or
tlirougli tlie terjns of appeal.
1.3. In¢oming resources
All incoining resources are included in Ilie statement of financial activities when the charity is entitled to
tlie income and the amount can be quantified witli reasonable accuracy. The following specific policies
are applied to particular categories of income:
Voluntary incoine is received by way of grants, donations and gifts and is included in full in the
statement of financial activities when receivable. Grants where 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 has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when
tli¢y are sold.
1.4. Resources expendcd
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 whicli it relates.
Cliaritable 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 ended 31 March 2024
1.5. Tangible fixed assets and depreciation
Tangibl¢ fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates
calculated to writ¢ off th¢ cost or valuation less residual value of each asset over its expected useful life,
as follows:
Fixtures & Fittiings
20% Straight Line
Income
2024
2023
Restrlcted Incomo
Department of foreign Affairs
The Honourable Trish Society
Department for Communities
TEO - Streets Alive
TEO - Communilies in Transition
Derry City & Straban¢ District Council
20,037
19,725
2,000
61,728
93,891
144,975
18,652
43,899
254,396
154,294
6,950
479,576
340,971
Unrestricted Income
Doiiations & Project Income
20,284
18,407
20,284
18,407
Total Income
499,860
359,378
(i)
Rostri¢ted Funds
Funds received which are earniarked by the Funder for specific purposes. Such purposes are
witliin Ilie overall aiins of the organisation.
(ii) Unrestrlcted Funds
Funds which are expendable 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 investment and working
capital.
Page 9

Gas Yard Wall Feile Limited
Notes to the accounts
for the year ended 31 Illarch 2024
Resources Expended
Unrestricted
Funds
Restrlcted
Funds
Total
2024
Total
2023
Managcment & Administration
Staff costs
Hire of sites, equipment & venues
Insurance
Events/ Programine Costs
Prograinine printing & marketing costs
Teleplione
Hospitality & travelling
Sundry expenses
Donations
Accountancy fees
Bank Charges
Depreciation
147,263
3,001
1,464
325,346
697
821
147,263
3,001
1,464
325,346
697
821
151,828
2,352
1,863
179,070
2,062
821
34
34
36
1,000
1,164
293
6,458
346
346
6,458
6,458
1,490
485,050
486,540
346,946
Nct (outgoing)lincoming resourccs for the Year
Year
Endod
2024
Year
Ended
2023
Net (outgoing)/incoming resources is stated after charging:
Depreciation aiid otlier 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 2024
Staff costs
Employment costs
2024
2023
Wages and salaries
Pension Costs
139,048
8,215
145,469
6,359
147,263
151,828
No employee received emoluments of more than £60.000 (2023: None)
The average monthly nuinbers of employees during the , calculated on the basis of full time equivalents,
was as follows:
2024
Number
2023
Number
Average nuinber of employees
Taxatlon
As a cliarily, Gas Yard Wall Feile Ltd is exempt from ttLX on income and gains falling within section
505 of the T&xes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to tlie extent that
thcsc are applied to Tts chargeable objects. Accordingly? no tax charges have arisen in the charity.
Page 11

Gas Yard Wall Feile Limited
Notes to the accounts
for the year ended 31 March 2024
Tangible fixed assets
Equipment
Total
Cost
At l April 2023
At 31 March 2024
32,291
32,291
32,291
32,291
Dcpreclatlon
At l April 2023
Charge for the year
At 31 Marcli 2024
18,534
6,458
18,534
6,458
24,992
24,992
Net book value
At 31 March 2024
7,299
7,299
At 31 March 2023
13,757
13,757
Debtors
2024
2023
Grant Incom¢ due
206,862
77,804
Credltors: amounts falling due
within one year
2024
2023
Other Creditors
Bank loans and overdraft
Accruals & deferred income
19,130
9,248
112,362
19,601
18,616
140,740
38,217
Page 12

Gas Yard Wall Feile Limited
Notes to the accounts
for the year ended 31 March 2024
Movoments in Funds
At
At
l Aprll Incoming Outgoing 31 Mgrch
2023 resources resources
2024
Rostrictod funds:
Total restrictcd funds
Unrestricted funds:
Total unrestricted funds
18,764 479,576 (485,050)
13,290
47,231
20,284
(1,490)
66,025
Total funds
65,995 499,860 (486,540)
79,315
Purposes of Restricted Funds
Restricted grants awarded to the charity is provided to cover the core objects as explained in directors
report.
10.
RelAted Party Transactions
There were no related party transactions in period under review.
11.
Llmlted by Guarantee
Gas Yard Wall Feile Limited is a company limited by guarantee and accordingly does not have a
share capilal.
12.
Controlling Interest
Ultimate control of the charitable company lies with the directors.
Page 13