HOLYWOOD OIJ) SCHOOL PRESERVA TION TRUST
(INCORPOIL4TED UNDER GUARANTEE)
REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Company Regtstratlon No: IY1050228
Charlty Commlysfion of North¢rn Ireland No: NIC100638
HMRC Chirlty R¢gSslrAtion No: XR74326

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAge
Company Information
Report of the Directors
Independent Examlner's Report
Statement of FfinAnelxl Aetfvltlos
Balance Sheet
Notes to the Accounls
10-16

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024
OFFICERS AND PROFESSIONAL ADVISORS
BOARD OF DIRECTORS
Simon Bridge
William Lockhart (appointed 26 March 2024)
Philipp& Crone
Desmond Browne
William FitzpatricL
GLegory McCunnLII
Mal'c Ballard
SECRETARY
Simon Bi'idge
REGISTERED OFFICE
92 Church Road
Holywood
Co. Down
BT189BX
INDEPENDENT EXAMINERS
Baker Tilly Mooney Mooi'e
Chartcred Certified A￿oUntantS & Rcgister¢d Auditoi's
17 Clarendon Road
Clarcndon Dock
Belfast
BTI 3BG
SOLICTORS
Cleaver Fulton Rankin
50 Bedford Stitct
Belfast
BT2 7FW
PRINCIPAL BANKERS
Ulster Bank
Connswater (C} Branth
Arches Retail Park
Belfast
BT5 4AF
CHARITY REFERENCE NUMBER
NIC100638
COMPANY NUMBER
N1050228

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024
The Directors (who aye also the Trustees) of Holywood Old Sthool Presei'vation Trust ("The Trust") present theii" Annual
Report together with the Financial Statements for the year ended 31 March 2024.
The Financie¢l Statements have been prepared in accordance with the accounting poli¢ies set out in Note I to the financial
statements and cotnply with the Companies Act 2006 and the Statement ol Reconimended Practice applicable ￿ Charities
preparing their accounts in accordance with the Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland
(FRS102),
Refer¢n¢e 4nd AdmlnlstrAtiv¢ Details
The Trust Is a company limited by guarantee and is Tegistei'ed with the Charity Cornrnission for Noi'theii] Ireland. Chaj'ity
number is NICIOO638 and the registeird oifice is 92 Church Road, Holywood, Co. Down. BT18 9BX.
Prln¢lpal Aedvlty
The objectives of theTrust are to preserve and pivtect for the public b¢nefit Holywood Old School, Church Road, Holywoo
Co. Down. This is achieved by th¢ monies raised from renting the hall and end wilts to various community gi'oups and
individuals on both a regular basis and on request.
Structure, Governance and M&nAgement
The Truyt iy u ru'¥i5tLrL￿ ¢hurity Lomp¥ny Ilmited by guarantee, which is govemed by its memo1￿dum and Articles of
Association. The Recruitsnent and Aptx)intment of DirectorslTruste¢s is provided foT withill the Memoi'andum and Articles
of A880¢iation of th¢ company. No person or body is permitted tr) appoint Trustees.
The Board meets appioxirnately 6 limes per ye&i' to malce decisions in keeping With the Memorandum and Artlcles of
Association, The Conipany holds an Annual General Meeiin8 each year in addition to all other general meetings. Decisions
are made by passin8 resolutions, The Board operates on a voluntary basis and is assisted by volunteers.
The Board has dele88Èed overall management of the Trust to the Chairman and Treasurer who, in turn, have delegated day-
to-day opei'ations to the part-tim¢ care¢akerIadminiytra￿r.
The Dlree¢or$
The dii'ectors have overall responsibility for matters relating to the charity. The direGlors who served during the year were as
follows,,
Simon Brid8¢
Philipp& Crone
Desmond Bi'owne
William Fitzpatrick
Gregory Mcconnell
Marc Rallai'd
Willi4m Lo¢kh&rt (appointed 26 March 2024)
Gregory Brennan (resi8ncd 7 November 2023)
The company is limited by guarantee and therefore no director had any interests in the share Capital.

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
REPORT OF THE DIRECTORS (tontiDued)
FOR THE YEAR ENDED 31 MARCH 2024
Management of Risks
The Directors are aware of their responsibilities regarding the identification and management of major i'isks to which the
Trust is exposed. These TLsks are monitored on an ongoing bRsis and appropriate policieslprocedure5 have been implemented
as r4uired. It has ￿en determined that the current cosl of Ilving crisis might have some impact in relation to expected future
income. This may not be significant but will be kept under review.
Objectives And Activitles
The Memorandum and Aiticles of As3oGiation set out the objectives and aims of the Trust.
Key objectives for 2023n4 which w'e ochieved were as follows,.
To continue to have suitable tenant8 for th¢ end units and Use￿ for th¢ hall who have together provided enough income
to sustain the opa'ation of the building.
To continue to operate the building. on a sustainable l)85is, foi, the benefit of the communÈty of Holywood and in a way
that con8erYes the building5 fabric and heritag¢.
To rnaintain the bank reserve at the tar8et of £12,500
Key objectives for 2024125 are consistent with those of 2023124.
Public Benefit
In carrying out th¢ii' responsibllities the Directors hove p&id due regard to the Charity Commission of Northern Ireland
guidonce on Public Benefit.
Having reslored the Old School building, the Tiwst maintains the building and makes it avallable for a wide variety of
community gctivitles. The benefi¢iaries are the residents of Holywood and visitOl'8 lo the town who can..
enjoy the contribution the building makes to the visual &ppearance of that pait of Church Road, which is within
Holywood Conserv&tion Area.
appreciate the exterior and interior of the building and the contribulion it makes to an und¢rstanding of the heritag¢ of
the town. and
avail of ihe facility the buildtng provides for a variety of cornmunity activities in Holywood.
Flnaryclal Revlew
Tlie result8 fr>r the financial period are fully set oul in the Statement of Flnancla5 Activities on poge 7 and Ihe financial
P051tion of the Trust %s at 31 March 2024 is set out in the Balance Sheet on pages 8-9. The figures for the year ended 31
March 2024 show a deficit of £3.682 (2023.. deficit of £2,973). Tothl funds at 31 March 2024 were £43,130 (2023: £46,812).
Regerves Pollcy
At the year end the charity holds unrestricted reserves of £43.130 (2023: £46.8l2) of which £29,1)04 (2023: £29,553) is held
at cash at bank and in hand.
A policy on reserves has been established which is to achieve 8 level of r¢serves which match the needs of the charity both
t the current time and in the foresee&ble future. For 2024125 this has been set at 4 months expenditure plus £2.$00 to cover
a deposit held under the tenns of Éh¢ lease for the commercial unit. TILIS equate5 to tothl reserves of £1 1,400.

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
REPORT OF THE DIRECTORS (continyed)
FOR THE YEAR ENDED 31 MARCH 2024
St&lement of DlreelDr5' Responslbllltles
The dii'ectors are responsible for preparing the fmancial statements in aCLX)rdance with applicable law and regulations.
Company law rquires the directors to prepai'e financial slatements tor each financial year which give a true and tair view of
the state of affairs of the ¢haTitablecompany and ofthe incomin8 resources and application of resources, including the income
and expenditure. ofthe charitable company for that period. In preparlng these financial statements. the directors are required
select 8Uitable accounting policies and then apply them wnsistently.
observ¢ the m¢thods 2nd pi'inciples iii the Charities SORP (FRS 102).
make judgements at]d estimates that are reasonable and prudenL
state wheth￿. appli¢&bl¢ UK Accounting Standards have been followed, subject to any material departures disclosed and
explained tn the financial ststements- and
pi'epare the fin&ncial statemen18 on the going con¢ern basis unle&8 it is inappropriate to presume that the ch￿'It￿ble
company will continue in business,
The dii'ectors are responsible for keeping proper a¢countin8 records that disclose with reasonable accuracy at any time the
rinancial position of the charitable company and enable them to ensure that the finon¢iaL ststements Comply with the
Companies Aci 2006. ThLy afL' al.%0 iespniisible foi. safeguarding the asyets of the ch8titsble company Rnd hence for taking
reasonable steps lor the prevenlion and d¢t¢ction of fraud and other irrLgularitics.
The above report has been prepared tn accordance with the speciel provision of P&rt IS of the Companies Act 2006 relatin8
lo small companies.
ON BEHALF OF THE DIRECTORS..
Marc Ballard, Dlreetor
Date

HOLYWOOD OLD SCHOOL PRESERVATIOTrI TRUST
INDEPENDENT EXAMINERIS REPORT TO THE CHARITY TRUSTEES
FOR THE YEAR ENDED 31 lI￿ARCH 2024
We report on the accounts of Holywood Old School Preservation Trnsl for th¢ ye￿. ended 31 March 2024 which are
Set out on pages 7 to 16.
Respe¢tlve responslbilities of charity trustees and examiner
As liie ¢harity ts'u.8te&8 (and also the Directors of the company for the pui'poses of ¢ornpany law) you are responsible
foi. the prepai?tion of financial statements in accordance wtth the tems of the Companies Act 2006. Having satisfied
ourselves that ihe charity is not subject to audit under company law, and is eligible for independent examination, it is
our i'esponsibility to:
examine the accounts under section 65 of the Charities Act ￿Orthern Ireland) 2008 ('the Charities Act.).
follow the procedures laid down in the genera] directions given by the Charity Cornmission foi. Northern Ireland
under Section 65{9)(b) ofthe Ch&rities Act. and
state whether p￿tiCU￿. matters have come to oui. attention.
Basls of Independent examln¢r'$ report
We have examined your Ghai'ity Financial Statements as required under section 65 of the Charities Act and oui.
exainination was can'ied out in accordwi¢e with thc 8¢neral Directions Biven by the Charity Commission for Northern
Irel&nd under section 65(9){b) of the Charities Act,
The cxaminatinn included a revlew of the accouiitiiig records kept by the charity and & comparison of the acLounts
presented witli tliose recor(ts. It also included ¢onsidei'ation of any unu¥u#l ilunb or disclosures in the accounts and
seeking explanations from you as charity ti'ustees concerning any su¢h matters.
An independent examination does not involve 8atherin8 all the evidence that would be requii'ed In an audit and
consequently does not cover all matters that an auditor considers in giving their opinion on the ￿COUnt8. The planning
and coiidu¢t of an Audit goes beyond the limitLd asgurance thut an independent examination can pi'ovide.
Cons¢quently* we express no opinion as to whether the accounts present a'true and fail, view" and our rerx>rl is limlted
to those spe¢ifi¢ matters set out in the independent examiners sl8tement.
Our role is to state wh¢th•' any materlal matters have eorne to our attention glving cau8e to b¢liev¢:
Thal a¢countin¥ recui'dy were not kcpt in accordance with section 386 of the Cornpanies Act 2006
'I'hat the accounts do not 8ccord with those accountiTh8 recoi'ds
3. That the accounts do not Comply with the &ccounting I'equirements of section 396 ofthe Companies Act 2006 4nd
with the methods and pi'inciples of the Statement of Recommended Pr&¢ti¢e,' Accounting and Repoiting by
Charities applicable to charitie5 prep￿.in￿ their accounts in accordance with the Financial Reportin8 Sthndard
applicable in the UK and Republic of Ereland (FRS 102).
4. That there is furth¢r Anformation n¢eded for a proper understanding of the acwunts to be Irached.
Independent ex￿MIner 5 Statement
We have completed our &xMmination and have no concerns in respect of the matters (l) to (4) listed above and, in
connection with following the Direction5 of the ch￿'itY Commission for Northern Ireland, we have found no matters
th8t require drawing to your attention.
Baker Tilly Mooney Moore
Chartered Certified Accountants & sta￿ttlry Auditors
17 ClaTendon Road, Clarendon Dock
Belfast
BTI 3BG
Date..

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
STA TEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME Al￿ EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 I￿RCH 2024
Vnrestrlcled
Funds
Re8tricted
Funds
Totsl Funds
2024
Total Funds
2023
Not
.'Income from:
Donations and Legacies
Charitsble activities
Investments
22078
29,655
189
52,222
22,378
29,655
189
52,222
22,378
28,086
36
Expendlture on:
Charitable Activities
Net Expenditure for the year
(3,682)
(3,682)
(2,973)
Transfei's betrveen fjjnds
Fund balances at stsrl of year
FuDd balAnees At elld of yeor
46
12
43,130
46,812
43,130
The above amounts relate to o)ntinuing operation8 of the company.
There 18 no differcnce between the net expenditure foi, the year stated above and their historical cosi equivalenis.
The Statement of Financial Activities also complies with the requirements foi. an income and expenditure account under the
Companies Act 2￿6.

HOLYWOOD OLD SCHOOL PRESERVA TION TRUST (REGISTERED NUMBER: N1050228)
BALANCE SHEET
AS AT 31 MARCH 2024
Total
Unrestrlcted
Funds
2024
Tolal
Unr&4tiicted
Fund8
2023
Notes
Flxed Asset8
Tangible Assets
155 739
Current Asset8
Debtoi
Cash at Bank and tn hand
3,469
2,088
Current Liabillties
Creditors.. Arnounls falling due within one year
oi
oi
Net eurrent Asset8
25
41
TotAI agsets lesg eurrent li8billtles
155 020
Noll-current Liabilities
Creditor8.' Amounts fallin8 due after one yeai.
Ill 890
111890
134 268
134 268
Total Net Assets
Funds Balances
Unrestricted
io

HOLYWOOD OLD SCHOOL PRESERVATION TRUST (REGISTERED NUMBER.. N1050228)
BALANCE SHEET (contillued)
AS AT 31 MARCH 2024
The company is entitled to exemption fivm audit under Section 477 of the Companies Act 2006 for th¢ year ¢nd¢d 31 March
2024.
The members have not tEquired Ihe company to obtsin an audit of &ts financial statements for the ye￿, ended 31 Mai'ch 2024
in accordance with Section 476 of the Companies Act.
The directors acknowledge their responsibilities for..
a) ensuring thatthe company keeps accounting records which comply with S¢¢tions 386 and 387 of the CoMp￿Y Act 2006
and
b) prep￿.ing financial statements which give a ts'ue and fail. view of the state of affairs of the company as at the end of each
tinancial year and of its profit or10&8 for each financial yeai. in accordance with the requiTeinents of Section 394 and 395
and which otherwise comply with the reqiiiremenls of the Companies Act 2006 relating to financial statements. so far
as applicable to the company.
These financial statemenls have been prepaird in accordance with the special provisions of Part 15 of the Companie5 Act
2006 relatin8 to sn￿1[ companies.
The fmancial statementy were approved by the b0￿d of directors and authorised foi. issue 011 26 Septemb¢i' 2024 and are
signed on its behalf by,.
Mgre Ballard
Director
Gregory Mecollnell
DiiY¢tor

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 MARCH 2024
STATEMENT OF ACCOUNTINC POLICIES
Charlty InformatlQD
Holywood Old School Preservation Trust is a private company limited by guarantee incorporated in Northem
Ireland. The registered offjce is 92 Churth Road, HolywoO￿ Co down BT18 9BX.
B4s18 of preparation
The financial statements have been prcpw'ed in accni'dance with the CompAnies Act 2006. the Chai'itie8 Act
(Norihei'n Ii'elalld) 2008 and -Accouiiting and Repojting by Charities: Statemcnt of RccommendLd Practice
applicable to charities preparing their accounts Én accordance with the Financial Reportins Standard applicable in
the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prep￿.ed in sterling, whith is the functional currency of the charity. Monetary amount5 in these
rinancial statements are rounded to the nearest £.
The ￿COUntS have been pi'¢pared on the historical ￿st convention. The principal accounting polioies adopted ￿'e
set out below.
Golng eoneern
At the time of approving the accounts, the Trustees have a re9sonable expectstion that the Charity has
adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees
continue to adopt the going concein basis of ￿cOuntin￿ in preparin8 the financial statements.
Chfiritfible funds
UnrestriLted funds avoilable for use at the dI￿retIOn of the Trustees in furtheyance of their chai'itable
objeotives unless the fvnds liave been designalcd for other purposes,
Restricted funds ￿'e subject to specific conditions by donors as to how they may be used. The puwcs
and uses of the restricted funds &i'e set out in the notes to the ￿￿OU￿¢s.
Incomlng re%tsurce8
Income represents rental income, grants and grants released, and bank interest.
All income has been included in the Statement of Financial Aotivities and have be¢n ieco8nised when there
is enlitlement to the income, certainty of receipt and it can be measui'ed reliably.
Gi'ants rtteived in relation to the renovation of the old school are being i'elellsed to the Ststement of
Financial Aotivities over the period of th¢ lease.
Resources expended
All expenditure is accounted foi. on an ￿¢rUa]S basis and has been classified undei. the he&dings that
aggr¢gat¢ 811 costs related to Ihe catcgory. Expenditure is recognised when there is a legal or constructive
obligation to make payments to third parties, it is ptDbabl¢ that the settlement will be requii'ed &nd the
amount of the obligation can be measured reliably. Expendituye on the charitable activities includes costs
undertaken to furth￿. the purposes of the Gharity.
Suppoi't costs are those functions that assist the work ot'the charity but do not directly undertake charitable
activities. Suppott cost5 include payroll and governance costs which support the Gharities activitie5. These
costs have been allocated to expenditure on charitable actLVLties, The basis on which support cost8 have
b¢¢n allocated are set out in the notes to the accounts.
io

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CODtlnucd)
AS AT 31 MARCH 2024
STA TEMET4T OF ACCOIJNTING POLICIES (contlnued)
Tanglble fixed assets
T8n8ible fixed assets are initially measured at cost and subsequently rneasU￿d at cost, llet of depr¢ciation
and any impaimient losses.
Depreciation is recognised so as to write off the w8t of &8s¢ts less Éheir residual values over their useful
lives on the following bases:
Building & Renovation-
Fixtures & Fittin8S-
Over 21 Years
20Yo Straight Line
The gain or lo￿ arising on the disposal of an ￿¢1 is det¢rniined asthe difference ￿kn¥¢en the sale proceed8
and the Carrying valu¢ of th¢ assel and is r¢co8nised in net incomel (expenditure) for the year.
The Trust was established to renovate and maintain the Old School building in Church Road, Holywood.
The building has been leased to the Trust by the R¢present&tive Church Body of the Church of Ireland foi.
a peiind of 21 years. All costs of renovating the property have been capitaltzed in the accounts and will be
ry'itten off over a period of ihe lease, Lomm¢n¥ing fiDrn IhL datc i)f cnmpletion of th¢ reni)vation which
was April 2008,
Impalrm¢nt of fixed assets
At each reForling end date, the Charity reviews th¢ cai'rying amounts of its tangible assets to detei'mine
whether there is any indication that those assets have sutyered an impaimient loss. If any such indication
exists, th¢ r¢wverable amount of the asset is estimated in ordei. to determine th¢ extent of the impaii'nient
loss (if any).
Th6 L'umpuny only has finallci&l ￿$¢t$ and liabilities of a kind that qualify as basic financial assets. Basic
financial instruments ￿'e initially recognised at transaction value and subsequently measured at theii.
settlement value.
Clsh And ¢a$h equlvalents
Casli and ￿s￿ equivalents comprise cash at bank wid cash in hand.
D¢btor8
Trade dnd other debtors are I'ecognised at the settlement amount due after any trade diAcount offered.
Prepayments are valued at the amount Plepaid net of &ny ts'&de discounts due,
i.io
Credltors
Crcditoi's and pn)visions are recognised where the charity has a present obligation resulting fiY)m a past
event that will piDbably result in the transf¢J' of fiJnd5 to a third party and the omount du¢ to settl¢ the
obligmtion can be measured i'eliably.

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
AS AT 31 MARCH 2024
STATEMENT OF ACCOUNTING POLICIES {conl¥llued)
i.ii
TaxatloD
The charity is a registered charity and as such, Lts income and g&ins falling within Sections 371 to 489 of
the Corporation Tax Act 2010 or section 256 of the laxalion of Chargeable Gains ACT 1992 al'e exempt
trom corporation tax to the extent that they are applied to charitable objectives.
1.12
Crltical accoulltlng estimates Judgments
In th¢ appliiution of thc Charity's accounting policie& the Trustees ￿'c i'equired to make judgment5.
estimates md assumptions alx>ut the c8rrying amount of assets and liabilities that are not readily apparent
frorn other sources. The estimates ￿]d associated assumptions are based on historical expei'ience and other
factors that are considered lo be relevant. Actual result5 rnay differ from these estimates.
The estimates and underlying assumplions are irviewed on an ongoing basis. Revisions to a¢coun¢ing
estimates are recogni5ed in the period in which the estimate is revised where th¢ ievision affects only that
period. or in the period of the r¢vision and futurc periods where the revi5i0n affects both curi'ent and futui'e
periods.
The trustees do not consider any of these judgmcnts or estimates to have significant eff¢ct on th¢ financi&l
Statements.
INCOMING RESOURCES
UDre8tricted
Fuiid$
Restrieted
'VDds
Total Fundg
2024
Total Funds
2023
DoDatlODS and Legacles
'ant Incom¢
22
78
Chftrltable Activities
Rent
Hall Hire
Scouts License Fee
14,090
13,165
14,090
13,165
13.800
12,086
Invt&tmenls
Bank Intere3t received
189
189
189
189
36
36
Total Income
12

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (contiDued)
AS AT 31 I￿RCH 2024
RESOURCES EXPENDED
Unrestrleted
Funds
Restricted
Funds
Total Funds
2024
Totsl Funds
2023
Charltabie Actlvitles
Salaries & NIC
Rateg
Insurance
Heal Light & Power
Telephone
Depreciation of Building
Depreciation of Fixtures &
Fittings
Bad Debt
Other Expenses
Repairs and Renewals
9,189
3,422
4,11110
5.164
1,659
26,183
9,189
3,422
4,880
5,164
1,659
26,183
9,026
2,482
4.444
4,171
1.281
26,183
667
240
1,206
1354
667
240
1,206
1,254
669
671
2,446
Includlng thefollowlng support
eosls
Accounts & Independent
Examination
Professional Fees Re Payroll
1,668
372
1,668
372
1,728
372
Tntsl eosts allocnted to
charltAble aetivitie5
Total Expendltur¢
Included in support costs are governance costs totaling £1,668 (2023: £1,728).
NET (OUTGOING) RESOURCES
Net (Outgoing) ReBour¢u Is $tsl¢d..
2024
2023
After chArgfrn£:
Rel￿se of grant
Depreciation on fixed assets
22,378
26150
22,378
26,852
13

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
AS AT 31 MARCH 2024
INFORMATION ON DIRECTORS AFID EMPLOYEES
2024
2023
Employment Costs
Wa8es and Salaries
9,189
9.439
The avei&gg monthly number of pei￿onS employed in the year was:
2024
2023
Employees
The ¢h8rity considers the board of Trnstees as Iheir key management personnel. The total remuneration of key
management Pe￿onn¢t in the year is £Nil (2023: £Nil).
No employee received total employee benefits of more than £60,000 in the yeai..
No Trustee i'eceived any iemuneration, benefit5 in kind or reirnbursement of trnvel expenses In the year (2023:
TANGIBLE FtXED ASSETS
Building &
R¢novgtlon
Work
Fixtures &
Fi(tings
Total
Cost
At l April 2023
Additions
Diswsa15
At 31 MAreh 2024
549,842
14,040
563,882
549 842
DepreciY4tlOD
At l April 2023
Charge for Year
Charge on disposals
At 31 March 2024
395,129
26,183
13,014
667
408,143
26,850
421312
434 993
Net Book Value
AL 31 Murih 2024
At 31 Mar¢h 2023
128 430
154,713
359
155 739
14

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
AS AT 3J MARCH 2024
DEBTORS
2024
2023
Trade Debtors
Prepayrn¢nts
2,418
1,068
CREDITORS: AmouDt$ falllng due wlthin one year
2024
2023
AGcruals
CREDITORS: Amountj falling due after on¢ y¢or
2024
2023
Grants received
134 268
No thrthergrants were reo¢ival this year. As the renovA¢ion work 18 now compl¢le, the grants which have previously
been received are bein8 released to the Statement of Flnancial Activities ovei, the period of the lease which is 21
Years.
io.
ANALYSIS OF MOVEMENTS IN FUNDS
Unrestricted
Fund5
Restricted
Funds
Total FundB
Balance of funds brought forward as at l April
2023
Movement foi. the year
Transfers between funds
Bo18n¢e of thnds ¢arrled forward as At 31
Marcb 2024
46,812
(3,682)
46,812
{3,682)
43,130
43,130
ii.
CONTINGETrIT LIABILITIES
A contingent liability may exist in respect of a ￿paYment of 81.ant income to HM Revenue and Customs should the
condilions und￿. which a granl wgs &warded to the company not be met. Due to the nature of these contingencies,
it is.not CU￿entlY possible to estimate the likelihood of this occui'i'ing, nor qugJ]lily the financial effect or provide
an indicution of timing &s to the potential liability that may arise. A contingent liability may exisi in respect of grant
income to the Department for Communities should the conditior15 under which they were awarded fail to be met,
Due to the n&tLU'e of th¢s¢ cotttingencies, it ts not possible to quantify the potential finat)cial effect or give an
indication of timing as to tbe liabilitie5 may arise.
15

HOLYWOOD OLD SCHOOL PRESERVATION TRUST
N(yfES TO THE FINANCIAL STATEMENTS (eontlDued)
AS AT 31 MARCH 2024
12.
TRANSAcfioNS WITH RELA TED PARTIES
There were no tW)s￿tionS during the year in which any director or related paty had an interest requiring
disclosur¢ (2023- £nil).
13.
FUNDS AIYALYSIS
At Aprll
2023
IJAcome
Expenditur¢
Transfers
AÉ 31 March
2024
Unrestrlcted
fuD(ts
General fund
Total funds
AnAlysls of net Assets between the fund$
Unrestrlcted
Funds
Restrlcted
Fund$
TotAI Funds
Tangibl¢ fjxed assets
Current assets
Creditors falling due in less than one year
Creditors la]lillg due after one year
16,999
32,473
(6,342)
111,890
128,889
32,473
(6,342)
111890
111890
Prlor year
Unrestricted
Funds
Restricted
Funds
Total
Funds
Tangible fixed &8sets
Current assets
Creditors falling due in less than one year
Creditors falling due after one year
21,471
31,642
(6,301)
134,268
155,739
31,642
(6,301)
134 268
134,268
16