Charity number: XR82572 & NtCllK1738
Company number: ￿ll060209
Liberty Consortium
(A company limited by guarantee)
Trustees, report and t]nanclal statements
for the year ended 31 October 2023

Liberty Consortiurn
(A company li]nited by guarantee)
Contents
Page
LLgal and administrative inforniaiion
Trnstees, report
Auditors, report to the trustees
10-12
Statement of financial activities
13
Balance sheet
14
C&sh flow statement
15
Notes to the f￿anCIal statements
16-25

Liberty Consortium
(A company limited by guarantee)
Legal and administrative inforn)ation
Charity numbers
XR82572 & NIC100738
Company registration number N1060209
Bllslness address
15 Racecourse Road
Dcrry
B T48 7RE
Registered office
The Playtrail
15 Racecourse Road
Derry
BT48 7RE
Trustees
Darren Kirby
Caroline Campbell
Ed￿h Dunlop
Ellis Gill
John Peto
Aine Harnett
Chairperson
Appointed 1310112020
Appointed 2110312023
Secretary
Caroline Campbell
EX-0￿1Clo Member
Helen Turton
DC & SD Council rcpresencacivc
Key managememt personnel
CEO
Transitlon manager
Finance manager
Incluslon manager
Auditors
Mark Roberts
Anne Marie Donnelly
Christine Maxwell
Gavin Melly
Shaun McGinty & Co
Chartered Accountant8
44 Woodbrook
Derry
BT48 8FF
Bankers
AIB
Meadowbank
Strand Road
Derry
BT48 7TN
Solicitors
Clyde & Co (NI) LLP
Solicitors
6 Castle Street
Derry
BT48 6HQ
Page I

Liberty Consortium
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 October 2023
Th¢ trustees present their report and the financial statements for the year ended 31 October 2023.
The financial statements are prepared in accoTdance with the Companies Act 2006, the Charities Act (NI) 2008, FRS 102
"The FinanLidl Reporting Standard applicable in ihe UK and Republic of Ircland" and Accouncing and Reporting by
Charilies.. Slatement of Recommended Practice applicable to charities preparing their financial statements in accordance wilh
the Financial Reporting Sthndard applicable in the UK and Republic of Ireland {FRS 102).
The Truslees Report Contains the information required lo be provided in lh¢ Trustees Annual Report under the Stalemenr of
Recommended Practice (SORP) guidelines. The directors of the Lompany are also charity trustces for the purpose of charity
law and under the company's Lon51ilulion are known a5 members of the board of Iruslees.
In this report the trustees present a summary of its purpose. governance. activities, achicvemenis and finances for the
financiiil year ended 3 l October 2023.
Directors and trustees
The trustees. who are also direciors of Liberty Consortium for the purposes of company law and who served during the year
and up lo the date of this report are sel out below.
Trustees
Chatrper50n
Darren Kirby
Caroline Campbell
Edyth Dunlop
Appointed 1310112020
John Peto
Atne Harnett
Appointed 2110312023
Secretsry
Caroline Campbell
Ex- Officio Member
Helen Tunon
Reference and administrative detsils
DC & SD Council representative
Charity number
Company registration number
Registered o￿lCe
XR82572 & NIC100738
N1060209
The Playlrail, Derry, B T48 7RE
Key personnel
CEO
Transitlon manager
Finance manager
Inclusion manager
Mark Roberis
Anne Marie Donnelly
Christine Maxwell
Gavin M¢lly
Page 2

Liberty Consortium
(A company liniited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 October 2023
Advisers
Auditors
Shaun McGiniy & Co
44 Woodbrook, Derry, B T48 8FF
AIB
Bankers
Strand Road, Derry. B T48 7TN
Clyde & Co (Nl) LLP
6 Castle Street. tkrry. B T48 6HQ
Solicitors
Structureg governance and management
The Liberty Consorlium is a charitable Company limited by guarantee and not having any share capithl and is registered under
the Companies Aci 2006.
Governing Document
The charitable company'5 governing document is the Memorandum and Arttcles of Association.
Members Liability
Every member of the company undertakes to Lontribuie lo the assets of Ihe company. in the event of the same being wound
up while helshe is (I member, or within one year after helshe ceases to be a member, for payrnenl of ihe debis and liabilities of
the Lompany contracted for before ceasing lo be a member, and of the costs, charge5 and expenses of winding up, and for Ihc
adjustment of the rights of the contribulories aniong themselves. such amount as may be required not exceeding £1.
Related Parties
Transaction% with related partie8 are as disclosed in the Related Party Transaclion8 note in the accounts.
Board of Dfirectors
The charity is governed and dirccted by M voluntary board which comprises approximately 7 people from varied backgrounds
and skill sels. The aim of Ihe board 15 to provide leadership and develop strategy as well as to ensure good governanle and
rinancial control. New board members receive training lo brief them on roles and responsibilities and their legal obligalion8
under charity and company law, Ihe organisational structure and key organisaiional acliviiies. The board ensures the good
governancc of the charity by setting its strategic objectives and policy direction and by monitoring the charity'5 operation5.
Board Meetlngs
The board of directors would mecl about 9 limes a year and there are usually aboui 5 directors in attendance. These meclings
include the charity's AGM. Thc day lo day operations of the charity are managed by the senior rnanagement team appointed
by the board. The senior management team allend board meetings and prescnl financial reports and other operating
infomialion to the board lo assisi Ihem in iheir governance role.
Serlous Incidents Statement
We, the Trustee5, confirm that there have been no serious incidents or other matters during the year which needed to be
reported to the Commission.
Senior Management
The CEO, appointed by the Board. manages the day lo day operations of the organisation. To faciliidte effective operations,
the Project Dtrector has been delegaled auihorily for operational matiers, including the appliclltion and monitoring of
strategiL and operational objective5, attends all board meetings and updates the direclors on the Lharily's current financial and
operational position. All Liberty Consortium staff report directly to the Proj¢ct Dircctor.
Compliance with Sector-wide Legislation & Standards
l ) The Ch￿ltY engages pro-actively with legi4laiion, slandard.% and codes which developed for the sector in the UK and
Northern Ireland. The charity sub.s¢ribes to and is compliani with the Cornpanies Act 2006: the Charities SORP (FRS 102)
and the Charities Act (Northern Ireland) 2008.
21 The charity ensures the well_being of its employees, clients and customers through the Strict adherence to health and safety
standards. System.g are In place to ensure that employees are aware of and implement the charity's health and safety
requiremen15. Employees are required lo work in a safe manner as mandaied by law and best practice.
Page 3

Liberty Consortium
(A Company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 October 2023
Risk Management & Plncipal Risks
The directors have examined the major strategic, business and operational risks which the charity faces and confirnis that
sysiern5 have been established lo enable regular reports lo be produced so Ihal the necessary steps can be taken to lessen
these risks. The principal risk lo the charity is if ils core funding wa5 not renewed or if ils Day Opportunities contract with
WHSCT wa8 noi rcnewed. The charity has establlshed a risk management process, which will ensure thai the organisalion
manages and mitigates risk in line with ihe agreed risk of the organisation. The charity maintains an Issue5 log and Risk
register which are reviewed regularly and acied upon by the Board. Havfftng primary respon.4Èbilily for risk management, the
Board regularly consider ihe mdin .4tralegic. buqine88 and operational risks facing the chariry. The directorq confirm that
effeciive controls and reporiing in place to les8en these risks.
Objectives and actRvfities
The principal object of the charitable company is to promote the benefit of and the preservation and proleclion of health
among children, young people and adulis wilh disabilities and able bodied people living in Ihe Greater Shanl¢illow area and
its environs in Derry City and lo provide faciliiies in the interests of social weltare for recrealion and other leisure-time
occupalion,with the object of improving the condition% of life for the beneficiaries and in particular to..
a) e8labli8h a safe and neutral play 8pace to prornote inclusive play and recreational oportunilies for the beneficiaries and
b) provide programrncs nf education and vocational training designed to assist the beneficiaries 10 Icad to employment.
Vunerable Beneflclarles Statement
We. the Trustees. cunfirm thal there are appropriate policies & procedures in place for the safeguarding of vunerable
bcneficiaries.
Publlc Benent Statement
We, Ihe Trustees, confirm that we have complied with our duty under charity law (o have regard to the Comrni55ion's public
benefli guidance when exercising any power% or duiie% lo which thi% guidance 14, relevant.
Public Benefit - How our activitles deliver public benefit
The pritnary objcciivc of Ihc charity is lo promote the health and well being of the children. young people and adults, both
the able bodied and also those with disabilities in thc catchment ￿ea through the use of ihe faLilitics in the park and our
wider programme delivery. The achievement of these public benefit objectives arc evidenced through the feedback from
residents￿enefICi1rIcS who use the p(Irk and our wider programmes. official government slatlslics and regular independent
evaluations of the charity's range of programme delivery,
Liberty Consortium's various projects and progrÉimme% continue lo deliver pub12¢ benefit for children, young people and
adults living within the Ballyarneli District Electoral Area and across the wider Dery City & Srrabane District Council area
(DC & SDC). Seeking to improve the quality of life for those who utilise our services, we continued to adapt and review our
provision. expanding our programmes and adding value to existing services. The services and programmes on offer conttnue
lo draw beneficiaries from across the C()uncil area, with young people with leaming disabilities Iravelling to avail of the
HUB and BUD Club, as well as families travelling from every DEA lo participate in events held on the Playtrail slte.
The Northside Village Centre has become our second home with the HUB, BUD Club and the Thrift shop all being based
there. The October 2023 accounis include approximalely £74,000 of trading income generated through the Thrifi charity
hop, which in addition io provtding a much needed .4ervi¢e withln Ihe local community, al%0 provide.4 volunleering
opportunities for approxirnalely 26 young people with leaming disabilities & also employs 7 siaff. We have continued to
develop the Playtrail sile, maintaining the exisiing equipment & adding new equipmenl lo further enhance activities for park
Users. The HUB Day Opportunities programmc, funded under the Self Directed Support Model by the WHSCT provides
approximately 225 weekly places to people with learning disabilities so as to enhance Iheir personal development, life ski115
and independenLe. While the BUD Club aims to provide a g¢n¢ric and targeted youth provisiun for young pcople with
disabilities aged I I 10 25 years old. During the year a BUD Juniors programme was added which runs for 4 alternoons per
week at the HUB and aims to enhance the personal developmenl and social opportunities for young people with disabilities
aged between I l and 14 year.¥. Furthernore, the Playrrail Youth Forum has been recognised for its work accross Northern
Ireland and thi.s has been highlighted by their "Disability Poster Awarenes8 Campaign" with 250 packs being distributed
acros5 Northern Ireland.
The HUB Hurricanes football team has also been established & is Currently participating in loca] disability friendly mai¢hes.
Team kit sponsorship has been secured thTough a number of local businesses, including The Old Docks & Grill.
Page 4

Liberty Consortium
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 October 2023
Playtrall Site
The Playtrail site. our first home. continues to suppon the local community and continues lo be the base for the Extended
Schools programme operaled for a number of the local schoo15. Being led by our annual ROSPA Inspection Report, OUT
rigourou5 mainlenance work ha5 continued across the Playtrail site. ensuring thai w¢ continue to meet appropriate siandards
for our play equipment and ensuring the safely of our visiting public. Site works undertaken during the October 2023 year
included expenditure on repairing and replacing park play equipment as well repairs io the site fencing. As a result of the
continued investment in the Pla>trail site. li secllred its Keep NI Beautiful "Green Flag" Award in June 2023. Our annuaI
programme of free OT affordable evenis at the Playtrail 51te continues to grow, linking 10 local groups and schools, adding
significant fe,stivals to our calendar. which allow our young people lo have a platfonn for their voices to be heard and feel
included.
Achievements and performance
Review of Activities and Achievements
During the year the charity coniinued to receive grant atd fmm a number of fi￿derS including Dfc (fornLeTly DSD), the
National Lottery Community Fund and EA which has allowed It to coniinue io provide the various leisure based projects and
play activities to those people living within the charity's target geographic area.
Staff
The wages and saiaries grants awarded by a variety of ￿nders, including the Dfc, the National IA)Itery Community Fund and
EA, assist the charity in employing both its full-tinr and part-time staff during the year.
Thrift Charity Shop
Our Thrift Charity Shop (Social Enterprise). located within the Northside 8hopping mall has continued to trade throughout
the Ocrober 2023 year and charify income for the year includes approximately £74.000 of trading income gencraled through
the shop, down slightly from approx £81,000 in the 2022 year. The charity shop is not only providing work experience
opportunities for our young people and placing them front and centre in the heart of the community but is also providing
affordable cloihing and homewares for the local Communiiy and reducing waste going lo landfill. During the year there were
32 young people in receipt of volunteering opportunities al Thrift. Training was given to all young people involved in the
project covering roles. responsibililies and expeclaiions of working. The October 2023 accounts also include approximately
£142,0￿ (2022.'£125.000) of grant aid received from the National Lottery under the 4 year agreemelli that is in place with
them lo a.%Nist in meeting the payroll and operating costs of the %hop. The Nation81 Lottery funding wÉll be recogTrised in the
charily's financial Slatements over Ihe 4 year period as the relevant payroll and other costs are incurred. Any trading profits
generated by the thrift shop project will be rcinvesied back into the charity.
The Playtrail and Extended Schools
During the October 2023 year the chariiy continued with ils involvemeni in ihe Extended Schools Programme with a number
of local schools. The income for the year includes approximaiely £12,200 (2022..£5,400) generated under the programme.
Through Extended Schools funding, managed by GSAP, our foresi school practitioner conttnued to deliver forest school
essions to six nur.%ery schools fmm the Outer North area. In addition a number of external groups. including other nursery
schools, paid for forest school sessions. As already mentioned in the public benefit sectson. regular maintenance and
improvement work is carried out to the Playtrail site each year and Ihere was a special emphasis on this in the leadup ro the
first Green Flag Comrnunity Award inspection which resulted in the awarding of our first "Green Flag" in June 2023. In
mainthining the site the charity focus has moved more towards developing growing spaces. including the newly established
kitchen garden, rather than purely green spaces. New programmcs introduccd on thc Playtyail sitc during Ihe year included
the Cornmunily Fridge programme, which included family cooking classes and comTnunily growing. While new relationships
were developed with Ardnashee School & College to supporr their cookery classes. including providing grown ingr¢dients
when available.
Page 5

Liberty Consortium
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 October 2023
Playtrall Youth Forum
The Playtrail Youth Forum has been set up to provide a platform for the young people who use our facilities ro develop new
skills, butld leadership, allow their voices to be heard and involve them in the decision making processes. The forum also
provides a mechanism lo consult with wider stakeholders within the 8lalutory, community and voluntary sector in order lo
PTomote the voice of children and young people with disabilities and advocaie on iheir behalf. During the October 2023 year
the Playtrail Youih Forum welcomed Aimee Clint ( Books by Stella) lo co-facilitate and support the youth forum in raising
awiireness of disability and breaking down barriers to inclu.%ion.The Fonlm designed and created a disability awarene4s
posier pack. which consisted of 5 po8ter4 and raising aW￿ene$S of Phy.4ical Disability, Auti.8m. Sen.80ry Disability, Hidden
Disabiliiy and Down's Syndrome. The disability aW4￿enesS posicr pack was launchcd during t£arning Disability week 2023
at the Guildhall. Derry and the event was atlended by over 60 people, including the Deputy Mayor Jason Barr. From this
launch the Youih Forum has provided over 250 free POSlcr packs to organisalions. public buildings. schools and theatres for
them lo pldL'e on display and help raise Iheir message of "Seeing the person first, not ihe disability"
BUD Club and Bud Juniors
Our BUD Club (Youth Provision) progrlimme, with funding through a service level agreemeni wtth the EA Youth Service
conlinues to engage with the young people Ihat the project was set up to %upport deqpite the difficulties of reduced funding
impacting Èill organisations in Northern Ireland. Wiihin the October 2023 year, BUD Club attended the EA Youth Oscars ai
the Millenium Forum which recognise the achievements and hard wnrk of youih Clubs and young people across Northern
Ireland. BUD Club won the best overall lockdown project for ils work during the Covid pandemic. The award recognised the
tireless work of the wider BUD leam in crealing activities and programmes thai would engage and support all OUT rnernbers
health and wellbeing during Ihe pandemic. ID addition a new BUD Juniors programme, aimed ai providing more safe spaces
for young people with disabilicies lo engage and build friendships, wa5 launched during the year to cater for participants aged
I I to 14 and due to the level of demand for thi% %ervice. li wa% quickly expanded to operate for 4 days each week.
HUB & Day Opportunities
Our work 411 our FtUB premises in Northside Village Centre continues to deliver high quality provision for young adults with
learning disabilities both across our Day Opponunities programme and our BUD Youth provision.The October 2023
rinancial slatemenl.s inLlude npproximalely £780.000 of income generated through OUT HUB "Day Opportunities" prograrnrne
which conlinues to operate from the renlcd units al Ihe Northside Cenire.
Gardening and AIRotments
During the October 2023 Ye￿￿ we agdin had a nurnber of gardening project% dnd the produL'e W¢lS di4tribuled to local
residents. Ihu8 encouraging local community growing io build resilience, promote healthy earing & phy,sical activity and lo
bring people logether in a common purpose.
Communlty Frldge
The Community Fridge projecl, located ai the Playtrail sile, opened in late 2022. The Community Fridge is a space that
bring5 people logeiher to eai. connect, learn new skills and reduce food waste. It is a sile where local people can share food,
Ihis includes surplus from supennarkets, local food businesses, produLers, households and gardens. We believe that this will
be a great asset within the loca] community and help local superniarkels lo reduce their food wasle while a150 contributing to
the local community in which they operate. Thi% project will only add to the community engagement that lakes place wfftthin
the Playirail site, adding to our offering and addressing identified need within the local communiiy.
Flnancial review
Financial results
The charily's Ioial income for the October 2023 year was £1.276.605 (2022..£1.311,763) and expenditure was £968,369
(2022..£1 .094,179) resuliing in a net inLome of £268,236 (2022- £217,584) for Ihe year. The Octubcr 2023 figures include a
further transfer of £200.000 to thc unrestricted development reserve, whiLh ha5 a balance of £1,200,000 after the transfer.
Wages and Salaries
The employment costs for the October 2023 year were £679.963 (2022..£719.123). Grant aid to assist with meeting wages
COS15 continued to be received from a number of funders, including the Department for Communities (Dfc). the National
Lollery Community Fund and EA.
Page 6

Liberty Consortium
(A company Ilmited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 October 2023
Fundraising
In order to assist with meeting unfunded operating costs the charity has Previously engaged in a range of fundraising events
and ventures. Fundraising aclivilies had lo slop during the pandemic and while Covid restricllons have all been lifted, there
have been no specific fundraising evenls and no fundraising income generated during thc past few financial years. However
the charity does expect to resume its fundraising operations at some POiT)t.
Reserves Policy
It 18 the policy of the charity to maintain liquid funds al a level that would enable il to operate for a rea4onable period should
funding be reduced. The charity's aim is ro build up the unrestricted reserves lo provide for fuiure costs and contingencies
that would arise in the evenl that funding was reduced or stopped so as 10 allow for the orderly winding up of the ¢harily.
There are iwo Unrestrlc￿d reserve5, the unrestricied income fund and Ihe unrcstricled Development fund. All unrestricted
funds geneTaled by the charity are credited 10 ihe Unre51ricted income Fund General Reserve, wilh any transfers to the
Developmenl fund being made from the unrestricted income fund. As al 31 Ociober 2023 the charity h&s lolal unrestricled
reserves of £1,550.175 (2022..£1,254,025) inclusive of the nel unrestricted surplus of £296,150 ¥eneraied in the Oclober
2023 year. A further transfer of £200,000 was made from the unrestric*d income fund to the development fund. bringing that
re%erve up 10 a balance of £1,200,000.
Stafflng
Sidff levels are governed by the amount of grant aid obtained lo assist with covering payroll cosls and the amouni of
unreslricled income generated through rhe various a¢tivilie5 underiaken by the chartly. Addilional staff are only employed
when suffjcienl restricted and unrestricted funding has been secured to cover related salaries.
Going Concern
Thc Dfc funding to the charity has ell￿entlY been ren¢wed until the cnd of March 2025 and the Naiional Lottery funding for
the Thrifi Shop runs for 4 years up to 20?4. Furthermore the WHSCT contracted Day Opporrunilies programme for adults
with Icarning disabilities continued lo generaie significant positive cashflows for the charity in Ihe October 2023 year and
Ihal is expected to continue in the coming year. As such there are currently no issues with regards lo Ihe going concern status
of the charity.
Liberty Consortlum Enterprises CIC
Due to the fact il didn't generate any trading 4urplu%es in the last four financial year4, there have been no donation4 from
Liberty Consortium Enlerpries CIC during thal period. The CIC is a trading company owned by Liberty Consortium, which
was sel up in April 2013 and whose Memor&ndum & Articles of Association require that any profits that it generat¢s get
donated to Liberty Consortium to assist with meeting unfunded costs.
The HUB & Day Opportunities Programme
Our Day Opportuniiies continues lo grow and ils location at the HUB, in Northside Village Cenlre, has ensured that the
young people participating on the programme are al the centre of their community, allowing them lo interact with traders,
security staff, local re4idenls and other community groups based within the centre. The programme now operates 5 days per
week, offering approximately 225 places for young people. The activirie8 are varied and the young people are afforded the
opportunity to participate in a host of programmes boih locally and within the wider City & Disirict area. This has included
partnership work with Waterside Theatre, Eden Arts Centre, Void, the Nerve Centre and much more. Having access to our
own minibus has also ensured the young people have been out and about, opening up much more by way of programme
delivery and linked in activities across the City & District. The Ociober 2023 financial statements include income of
approximately £780,000 (2022..£680,000) generated from Day Opportunities prograrnmc.
Capital Expenditure
There wa% no capital expenditure and no capital grant% during the October 2023 year, while in 2022 there wa4 capithi
¢xpenditure of £13.585 & related funding assiqtance of £3,500.
Page 7

Liberty Consortium
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 October 2023
Covid 19 Pandemlc & Post Balance Sheet Events
l) The Covid pandcmic has not had any significant adverse effect on the chariiy's operations and as such there has been no
need io make any addiiional provisions or write downs in the October 2023 accounts due to the pandemic. The charity ha5
previously availed of (he UK governments Coronavirus Job Retention Scheme grant aid for 8 number of employees. this
government assistance finished in the 2021 financial year.
2) Following receipt of the Roe Consultancy report in October 2023 the Board has been considering its recommendations
and making 8ome changes to operation% tn lighr of the report. However there have been no events that have occurred between
the balance sheet date and the dale of approving of the accounts that would require either the adjustment of the October 2023
figures or the inclusion of a non-adjusting post balance sheet note in the accounis.
Plans for future periods
The various mulii-year awards of financial assistance received by the charity should ensure that the charity's staff are able to
develop and expand the range of services and facilities ihat are provided.The new National Lottery grant aid runs for 4 years
to 2024 and provides financial assistance totalliT)g approximately £500,(K)O, including capifal expenditure, programrne costs
and programme staff wages. The Ikiest Dfc award should also cover most of the wages costs of two employees up to March
2025.
The Trn￿teeS realise that, like all organisations, the charity is CU￿entlY operattng in challenging economic times. However
they are hopeful that wtth the ongoing financial a5S15tance from funders and the various other fund generating activities that
the charity undertakes. that IÈ will be able to Continue providing access to the Playtrdil facility and further develop its use in
the Greater Shantallow area.
The Board also plans to fully consider the poiThts raised in the organi5¢itional review Teport that ￿'aS completed on the charity
by Roe Consultancy in Octobei 2023 and consider the recommendations of that report a8 they move forward in tbe new
financial year.
Statement as to disclosure of Inforniation to audltors
In so far as the trustees are aw￿¢..
there is no relevant audit infomiation of which the charitable company's auditors are unaware. and
the trustees have taken all steps Ihat they ought lo have taken to make themselves aware of any relevant audit infOrn￿ll0n
and to establish that thc auditors are aware of that inforn￿￿0n.
Statement of trustees, responsibilities
The trustees (who are also directors of Liberty Consortium for the purpose of company law) are responsible for preparing the
Trllstees, Annual Report and the financial sÈatements in accordance with applicable law and United Kingdom Generally
Accepled Accounting Practice.
Company law requires the tnistees lo prepare financtal statements for each financial year which give a true and fair view of
the SEal¢ of affairs of the charktable company and of the incorning resources and application of resources, including the
income and expenditure. of the charitable company for that period. In preparing these financial statements. the trustees are
required to:
select suitable accounting policie5 and then apply them consistenrly;
observe the meihods and principles in the Chariti¢s SORP.
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting stand￿ds have been followed. subject to any material departures disclosed and
explained in the financial s{a￿￿entS. and
prepare the financial statemenLs on the going concern basis unless if is inappropriate to presume that the charitable
cornpany will continue in operation.
Page 8

Liberty Consortium
(A company limited by guarantee)
Report of (he trustees (incorporating the directors, report)
for the year ended 31 October 2023
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the
financial position of the charitable company and which enable them to ensure that the financial slalements comply with the
Companies Aci 2006. They are also responsible for safeguarding the assels of the charilabl¢ company and hence for taking
Teasonable steps for the prevention and detection of fraud and other irregularities.
Auditors
Shaun McGAnty & Co are deemed to be reappOin￿d in accordance with Section 487(2) of the Companieg Act 2006.
On bebalf of the board
Caroline Camp
Siecretary & Director
Darren Kirby
Dlrector
16 July 2024
Page 9

Liberty Consortium
(A company limited by guarantee)
Independent auditor's report to the trustees of Liberty Consortium
Report on the audit of the financial sthtements
Opinion
We have audited the financial slalemen15 of Liberiy Consortium for the year ended 31 October 2023 which comprise the
Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and the related notes to the financial
stalen*nts, including a summary of significant accounting policies sei out in note l. The financial reporting framework
that has been applicd in their preparation As applicable Northern Ireland law and FRS 102 "The Financial Reporting
Standard applicable in the United Kingdom and Republic of Ireland" and the Accounting and Reporting by Charities;
Siaternenr of Recommended Practice (Charitie.s SORP) applicable lo charities preparing their accounts in accordance
with FRS 102.
In our opinion the financial slalemenls:
give a true and fair view of the assets, liabilities and financ?al position of the charitable company's affairs as al 31
October 2023 and of ils incoming resources and application of resources, including ils income and expenditure, for
the year then ended;
have been properly prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK
and Republic of Ireland as applied with regards lo the Charities SORP; and
have been properly prepared in accordance with Ihe requiremcnts of the Companies Act 2006.
Basis of opinion
We conducted our audit in accordance with Iniernational Siandards on Audiiing (UK) (ISAS UK) and applicable law.
Our ￿ sponsibililies under those Slandards are further de5crib¢d in ihe Auditor's responsibilities for the audit of Ihe
financial %taiements section of our report. We are independent of Ihe charity in 1￿CordanCe with eihical requirement% that
are relevani lo our audit of tinancial statements in the UK and Northern Ireland. including Ihe FRC'8 Ethical Sidndard for
Auditors, dnd we have fuifillcd our othcr ethical responsibilities in accordance with these requirements. We believe that
the audit evidence we have obiained is sufficieni and appropriate to provide a basi5 for our opinion.
We have undertaken the audit in accordance with Ihe requirements of APB Ethical Standards including APB Ethical
Standard Provisions Available for Sm(Ill Entities, in the circumstances set out below-
In common with many other businesse.% of our $ize and nature we use our auditor% to &ssist with the preparation of the
financial statcmenls.
Conclusions relating to going concern
We have nothing lo reporl in respect of the following matters in relation lo which ISA (UK) require us to report to you
where..
the trustees use of the going concern basis of accounting in the preparation of the financial statements is nol
appropriate; or
Ihe trustees have nol disclosed in the financial statements any identified material uncerlainiies that may cast
significant doubl aboui the charity's ability to continue to adopt the going concern basis of accounting for a period of
al least twelve months from the date when the financial Statements are authorised for issue.
Other Information
The trusices arc rc5pon5iblc for the other informaiion. The oiher information comprises the inforrnation included in the
annual report other than the financial statements and our Auditor's Rcport ihereon. Our opinion on the financial
statements does noi cover the other information and, except to the exient otherwise explicitly stated in our report, we do
noi express any forn] ot a5%urance conclusion thereon.
Page 10

Liberty Consortium
(A company limited by guarantee)
In coTJnection with our audit of the financial statements, our responsibility IS to read the other infomiation an(L in doing
so, consider whether the other inforn]ation is materially inconsistent with the financial statements or our knowledge
obtained in the alldit. or othenvi,%e appears to be maieriall), misstated. If we identify .such material inconsistencies or
apparcnl material misstaternents, we are required lo deiermine whether there is a malerial misstaternent in the financial
Slalemenls or a material misstatement of the other information. If, based on the work we havc performed, we conclude
there is a material misstatement of thi5 Other infom￿tIOn, we are required to report that fact.
We have nothing to Teport in this regard.
Opinions on other matter prescribed by the Companies Act 2006
Ba4ed solely on the work llndertaken in the course of the audit, we report that..
In our opinion, the information given in the Trustees, Report is con.qistent with the financial slktements.
In our opinton, the Trustees, Report has been prepared in accordance with the requiremencs of the Companies Act
2006.
We have obtained all the inforn)ation and explanations which we consider necessary for the purpose of our audit.
In our opinion, the accounting records of the charity were sufficieni to permii the financial statementsto be readily and
properly audited, and the financial statement5 are in agreemenlwith the accounting records.
Matters on which we are required to report by exception
Based on the knowledge and understanding of the charity and its environment obtained in the course of the audit. we
have not identified any material misstatements in the Trustee5' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
if. in our opinion:
adequate accounting records have not b¢en kept or returns adequate for our audit have nol been received frorn
branches not visited by u5; OT
the fln1￿CIal statements are not in agreement with the accounting records and retl￿g. or
certain di5closure.s of trustees, remuneration specified by law are not made; or
we have not received all the infonnation and explanations we require for OUT audit. or
the trustees, were not entitled to prepare the financial slalemenrs in accordance with the small companie5 regtme and
take advantage of the 5rnall companies exemption in preparing thc Tnjstees, Annual Report.
Respective responsibilities
Respective responsibilities of the trustees
As explained more fully in the Trustees. ResponsibiliUe5 Statement set OUC in the Trnstees, Report, the trustees, (who are
also dtrector.8 for the purposes of company law) are responsible for the preparalion of the financial statements and for
being satisfied that they give a tme and fair view, and for such tnternal control as rhey dctermine is nccessary to cnable
the preparation of financial statements that are frec from material missialements, whether due to fraud or error.
In preparing the financial 5tatemeDts. the trustees are responsible for assessing the charity's ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting
unless management either intends to liquidate the chariry or to cease opeTalions, or has no realislic alternative but to do
so.
Auditors's responsibilities for the audit of the financial statements
Our objectlves are to obthin reasonable assurance about whether the financial statements as a whole are free from
material misslalemenl, whether due to fraud or crror, and to issue an Auditor's Report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a s￿arantee that an audit conducted in accordancc with ISAS
(UK) will always deicct a maierial misstatement when it exists. Misstaternenis can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to infiuence rhe economic
decisions of users taken on the bdsÉs of these financial statemenLs.
As part of an audit in a¢cordance with ISAS (UK), we exercise professional judgement and maintain professional
sceplicism throughout the audit. We also:
Page 11

Liberty Consortium
(A company limited by guarantee)
identify and assess the risks of material misstatement of Ihe fillancia] statements, whether due lo fraud or error,d¢sign
and perform audit proccdures responsive to those risk5, and obtain audit evidence that is sufficienl and appropriate to
provide a basis for our opinion. The risk of not d¢lecllng a ll￿terIal mi%%taiement resulting from fraud is higher than
for one Tesulting from error, as fraud may involve collusion, forgery, inientsonal omissions, misrepresentations, or the
ove￿Ide of internal Controls.
Obtain an understanding of internal control relevant to the audit in order to design procedures that are appropriate in
the circumstances. bui noi for the purpose of expressing an opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related
disclosures made by the iruslees.
conclude on the dpproprialene%4 of the directors use of (he going concern basis of accounting dnd, based on the audit
evidence obtained. whether 2 material unceriainty exist.s related Eo events or condiiions that may cast signiflcant doubt
on the chariry's ability lo continue as a going concern. If we conclude that a material uncertainly exists, we are
required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such
disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the
dale of our auditor's report. However, future evenl5 or condilions may cause Ihe charity to cease lo continue as a
going concern.
Evaluate the overall presenfauon, structure al￿ content of the financial statements, including the disclosures. and
whether the financial 5taiements represent the underlying transactions and evenis in a rnanner Ihat achieve.s fair
presentation.
We communicaie with those charged with governance regarding, among other matters, the planned scope and timing of
the audit and significant audit findings, including any significant deficiencies in internal control that we identify during
our audit.
The purpose of our audit report and to whom we owe our responsibilities
Thi% report is made solely to the charity's tru4tees, as a body. in accordance with Chapter 3 of Part 16 of the Companies
Act 2006. Our audit Work h&$ been undertaken so that we might state lo the charity's trustee8 those matters we are
required to state to them in an auditor's report and for no other purpose. To Ihe fullest extent permitted by law, we do not
accept or assume responsibility lo anyone other ihan the charity and the charity's trustees as a body. for our audit work,
for this report. or for the opinions we have fornied.
SA rf'r,r
Shaun McGinty (Senior Statutory Auditor)
For and on behalf of Shaun McGinty & Co
Chartered Accountants and
Registered Auditors - ( Statutory Auditors )
44 Woodbrook
Derry
BT48 8FF
16 July 2024
Page 12

Liberty Consortium
(A company limited by guarantee)
Statement of financial activities (incoryorating the income and expenditure
account)
For the year ended 31 October 2023
Unrestricted Restricted
funds
funds
2023 Unrestricted Restricted
Total
funds
funds
2022
Total
Notes
Income
Donation,$ and legacie8
Other trading activities
Other income
5.728
887,578
5,000
338,299
344,027
887,578
5.000
4,375
839,362
5,000
463,026
467,401
839,362
5,000
Total income
898.306
338,299 1,236,605
848,737
463.026 1.311.763
Expenditure on
Siaff ¢o%ts
Establishn￿nt costs
Motor and travelling expenses
Auditors, remuneration
L£gal and professional fees
Communicalions and IT
Other office expenses
InteresL payable and .4irnilar charges
Depreciation and lmpairn￿nt
Other support costs
Donations
PTovision for bad and doubtful debts
Project and Activity C051s
Other projecl costs - TIP
Project set up costs thrift shop
Projeci Costs - Amphitheatre
Total expenditure
401,256
63,119
6,675
4,160
14,867
6,412
6,235
5,737
11,916
19.981
27
iio
61,661
278.707
35.120
679.963
98.239
6,675
4,160
15,867
6,671
6,743
5,737
39,830
22.777
77
110
81,520
406,753
91,180
6,618
3,090
7,284
4.578
12,067
4,073
12,376
17,246
381
125
19,093
1,459
1,177
12,133
312,370
32.677
499
1,000
3,656
2.607
1,601
1,062
35,020
1.123
719,123
123,858
7,117
4,090
10,940
7,185
13,668
5.134
47,396
18,369
381
125
122,024
1,459
1,177
12,133
1.000
259
508
27.914
2,790
50
19,859
102,931
602,156
366,213
968,369
599.633
494,546 1.094,179
Net income l(expenditure) for the year /
Net incomel(expense) for the year
296,150
(27.914) 268,236
249.104
(31.520) 217,584
Total funds brought forward
Total funds carried forward
1,254,025
195.056 1,449,081
I,(KH,921
226,576 1.231,497
1,550.175
167.142 1,717,317
1.254,025
195,056 1.449,081
The statement of financial aclivities includes all gains and losse5 in th¢ year and therefoie a sepaTate statement of
iotal recognised gains and losscs has noi be¢n picpared.
All of the above amounts relate lo continuing activities.
The notes on pages 16 to 25 Corn) an integral part of these financial statements.
Page 13

Liberty Consortium
(A company limited by guarantee)
Balance sheet
as at 31 October 2023
2023
2022
Notes
Fixed assets
Tangible assets
Current assets
Debtors
Cash al bank and in hand
180,579
220,409
12
65,643
1,592,702
90.237
1.252,344
1,658,345
1.342,581
Creditors: amounts falling
due within one year
13
(121.607)
(113,909)
Net current assets
1,536,738
1.228.672
Net assets
1,717,317
1,449,081
Funds
Restricted income funds
14
167,142
195.056
Unrestricted income ￿nds.
Unrestricied income funds
Development fund
Totsl unrestricted income funds
350,175
1,200.000
254,025
1,000.000
1,550,175
1,254.025
Total funds
1,717,317
1,449,081
The financial statements were approved by the board on 16 July 2024 and siLned on its behalf by
en Kirby
Director
Caroline Campbell
Director
The notes on pages 16 to 25 form an integral part of these financial statements.
Page 14

Liberty Consortium
(A company limited by guarantee)
Cash flow statement
for the year ended 31 October 2023
2023
2022
Notes
Nel incoming resources for the ye
Interest payable
Depreciation and impaiTment
Decrease in debtors
Increasel(Decreasel in creditors
268,236
5,737
39,830
24,594
8,881
217.584
5,134
47,396
36,209
(50,530)
Net cash innow from operating activities
347,278
255.793
Returns on inves(ments and servicing of fmance
Capital expenditure
23
23
{5,737)
(5,134)
(13.585)
Increase in cash in the year
341,541
237.074
Reconciliation of net cash flow to movement in net funds
24
Increase in cash in the year
Net funds at l November 2022
341,541
1,246,533
237,074
1,009,459
Net funds at 31 October 2023
1,588.074
1.246.533
Page IS

Liberty Consortium
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 October 2023
Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently
throughout the year and the preceding year.
1.1. Basis of accounting
The financial stalements are prepared under the historical cost convenlion and in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Praciice applicable to charitie4 prepkring their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2015) - (Charlties SORP (FRS 102)). the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) and the Companies Act ?006.
1.2. Cashflow
1.3. Income
All income is included in the statement of fi7Jancial activities when the charily is entitled to the incorne and the
amount can be quantified with reasonable accuracy. The following specific policies are applied to particular
categories of income:
Donations and legacie5 income 15 received by way of grants. donations and gifts and is included in full in the
statement of financial activitles when receivable. Grants where entitlement is not condilional on the delivery of a
specific perfornwice by the charity, ar¢ recognised when the charity becomes unconditionally entitled to the
granr.
Donated services and facililies are included ai the value to the charity where this can be quantified. The value of
service5 provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources withtn activities for generating funds when they are
sold.
Grants, including grants for the purchase of fixed assets, are recognised in in the statement of fLnanciaL
activities in the year in which they are receivable.
1.4. Expenditure
Expenditure is recognised on an accrual basts as a liability Is incurred. Expenditure includes any VAT which
cannot be fully recovered. and is rcporled as part of Ihe expenditur¢ to which IE relates.
Cost,s of generating funds comprise the costs associated with aitracting voluntary income and the co8t5 of trading
for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its beneficiaries. It includes both costs thai can b¢ allocated directly to such activities and those cost5 of an
tndirect nature necessary to SUPPOTI them.
Fundraising cost5 are those incurred in seeking volunlary contributions and do not illclude the costs of
disseminating infornialion iJ] support of the charitable acuvities.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include
project management.
Page 16

Liberty Consortium
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 October 2023
1.5. Tangible r￿ed assets and depreciation
Tangible fixed assets are staled at cost less accumulated depreciation. Depreciation is provided at rates calculated
to write off the cost less residual value of each asset over its expected usefvl life, as follows:
l£asehold properties
Fixtures, filtings and equipnienl
Motor vehicles
Straight line over the life of the lease
15%, 20Yo 3J)d 25% straight line
25fo Straight line
1.6. Defined contribution pension schemes
The pension cosis charged in the financial statements represent the Contribution payable by the charity during the
y¢ar.
Donations and legacies
Unrestricted Restricted
funds
funds
2023 Unrestricted Restricted
Total
funds
funds
2022
Total
Donations
Grants receivable - National Lottery
Grants receivable - tAittery - Awmrds for Ati
Granls receivable - DC & SD Council
Grants receivable - BBC Children in Need
Grants receivable - Dfc
Grants receivable - WHSCT
Grants receivable - WELB & EA
Other Grants receivable
Grants receivable - Paul Hamlyn
Grants receivable - Rank Foundation
5,728
5,728
142,474
4.375
4,375
125,126
l O,(K)O
5,853
21,299
67.493
4.093
150,612
64,465
4,696
9,389
142,474
125.126
10.000
5,853
21,299
67.493
2.976
2,976
62,549
62,549
109.695
20.605
109,695
20,605
150,612
64,465
4.696
9,389
5,728
338.299
344,027
4,375
463,026
467.401
Other trading activities
Unrestrlcted
I'unds
2023 Unrestricted
Total
runds
2022
Total
Activities for generating funds
887,578
887,578
839,362
839,362
887,578
887.578
839.362
839,362
Page 17

Liberty Consortium
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 October 2023
Other fincome
Unrestrieted
funds
2023 Unrestrlcted
Total
funds
2022
Total
Other income
5,(X)O
5,000
5,000
5.(K)O
5,000
5.000
5.000
5,000
Net Incoming resources for the year
2023
2022
Net incoming re%ource% slated dfier charging..
Depreciation 2nd other amounts written off tangible fixed a$8et8
Audiiors. remuneration - Audit and accountancy fees
39,830
4,160
47.396
4.090
Employees
Employment Costs
2023
2022
Wages 61nd 5alarics
Social security costs
Pension costs
598,095
49,612
32.257
632,971
54,700
31,452
679,964
719,123
No employee received emoluments of more than £60,000.
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of
full lime equivalents, was as follows..
2023
Number
2022
Number
Management and Administration
Other Siatf
Direclors l Trustees - Voluntary
24
26
34
35
6.1. Trustees, emoluments
The lrnstees did not receive any remtsneration in connection with their role as trustees during the year.
Page 18

Liberty Consortium
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 October 2023
Interest payable and simllar charges
2023
2022
Bank fees and charges
5,737
5.134
Pension costs
The ¢ompany operate5 a deftned contribution pension scheme in rcspect of the eligible employees who join the
pension scheme. The scheme and ils assets are held by independent manageTS. The pension Ch￿ge represents
conlribuiions due from the company and was as follows:
2023
2022
Pension charge
32,257
31,452
io.
Taxation
Th¢ charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation
T￿¢5 Act 1988. Accordingly, there is uo taxation charge in the￿ accounts.
Long
Fixtures,
leasehold fittings and
property equipment
11.
Tangible fixed assets
Motor
vehicles
Total
Cost
At l November 2022 and
Ai 31 Ociober 2023
463.156
250,033
33,020
746.209
Depreciation
At l November ?022
Charge for the year
At 31 October 2023
278,102
20.570
214,678
19,260
33,020
525.800
39,830
298,672
233.938
33,020
565,630
Net book values
Ar 31 October 2023
164,484
16,095
180.579
At 31 Octobcr 2022
185,054
35,355
220,409
Page 19

Liberty Consortium
(A company li]nited by guarantee)
Notes to financial statements
for the year ended 31 October 2023
12.
Debtors
2023
2022
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
49,424
4,164
12.055
76,738
3.028
10.471
65,643
90,237
13.
Creditors: amounts falling due
within one year
2023
2022
Bank overdraft
Trade credilors
Other taxes and social security
Other creditors
Accruals and deferred income
4,628
11,793
11,318
4,110
89,758
5,811
5,660
15.872
5,551
81.015
121,607
113,909
Accruals and Deferred income include £84,850 (20?2-£76.432) of restricted grant aid which has been received
in advance and which ￿.111 be recognised as income when the relevani expenditure has been recognised and
incurred.
14.
Analysis of net assets between funds
Unrestricted Restricted
funds
funds
Total
funds
Fund balances at 31 October 2023 as represented by..
Tangible fixed assets
Current assets
Current liabilitie8
16,014
1,534,161
164.565
124,183
(121,606)
180,579
1,658,344
(121,606)
,550,175
167,142
1,717.317
Page 20

Liberty Consortium
(A company limited by guarantee)
Notes to financial ststements
for the year ended 31 October 2023
15.
Unrestricted funds
At
l November
2022
At
31 October
2023
Incon)ing Outgoing
resources
resources
Transfers
Unretritricted Funds
Development Fund
254,025
1.000,000
898,306
(602.156) {200,000)
200,000
350,175
1,200,CK)O
1,254,025
898.306
(602.156)
1.550.175
Page 21

Liberty Consortium
(A company limited by guarantee)
Notes to financial statements
lor the year ended 31 October 2023
16.
Restricted funds
At
At
l November Incoming Olltgoing 31 October
2022 resources
resources
2023
Capilal Grants & Capita] Donations - Various Funders
Departmen¢ for Communities (Dfc) grants
Naiional Lottery Community Fund grants
Deny City & Strabane District Council grants
Others granis
195.056
(27,914)
(62,549)
(142,474)
(2,976)
(130,300)
167,142
62,549
142,474
2,976
130,300
195,056
338,299
(366.213)
167,142
Purposes of restricted funds
Restricted Funding for Capilal Expenditure
l) The funding from the Big Loriery Fund "People% Millions progrkunme was provided to cover the capifal
cost.s of developing the Green Finger's project.
2) The tunding from Derry City Council was provided to assisi wtth the capital costs of installing the sound
proofing barrier al the sensory park so as io minimise Ihe impact on ncighbouring properties.
3) The grant ¢iid from NT Electricily and BERR, the Department for Business Enterprise & Regulatory Reform,
was provided lo assist with Ihe LOSts of installing solar panels.
4) Furlher capital expendilure on the Greenfinger5 project was funded by a number of bodies, including Derry
City Council and Groundwork Nl.
5) Ilex provided funding lo cover the 2013 year capital %pcnd on the auditorium.
6) BBC Children in Need provided funding to cover 2014 year capital cosl on cinema equipment. A iotal of £
7,710 was received during the year with £ 7,151 matched against equipmcrkl costs that year ¢ind ihe £579 balance
matched against revenue costs, £167 in 2015 & £412 in 2016. The Ociober 2015 accounts include £240 of
capital grants received from Children in Need relating lo a5sel additions in the 2015 year.
7) The Enterprise Link Challenge Fund provided capital funding of £ 10,500 in the 2014 year lo cover
conslruciion of th¢ Treehouse. The 2015 accounts included £ 7,750 of capital grants from Ihe Challenge fund in
speci of fixed asset dddilion% that year.
8) The Big Lottery fvnd provided capital funding of £ 3.606 for IT equipment additions for the Hope project.
9 ) The charity receÉved total grant aid of £ 3,700 from Lloyds trust in the 2014 year. Of the iotal received £ 401
related to capiiul costs and the balance was recognised and matched with revenue costs.
10) During the October 2016 year the charity received £6,459 frorn Grcencare, £5.538 from Big Lollery, £500
from DSD and £ 1,092 from DCAL in Capital grants to fund asset addition.s.
I l ) During the Ye￿ ended 31 October 2017 the charity received capilal grants tolalling £ 26,727, including £
7,700 from PerLy Billon, £9,960 from Aviva, £2,250 from ACT and £1,500 from NIHE.
12) During the year ended 31 October 2018 the charity received capita] grants Ioialling £ 18,979 from a variety
of funders, including £ 5,941 from North5ide Development Trusi, £ 5751 from the Karen Mortlock Fund and
£2,815 from Bailey Thomas. In addilion Ihe charity receftved a Donation of £33,020 10 cover the cost of
pllrchasing a new rniniblls for use in the charity's activities. The capital grants and capitsi donation meant that all
55el additions during the year were fully funded.
13) During the year ended 31 October 2019 the charity received capttal grant5 lotalling £36,108 from a variety
of funders, including £ 12,909 frorn DM Thoma5 Foundation. £6,633 frorn Percy Bilton and £2.157 from the Big
Lollery to assisi with meeting total asset addilion costs of £40.177.
14) During the year ended 31 Ociober 2020 the Lhari(y received £6,010 of capital grants from a variety of
funders to assist with fixed assei purchases, including £1.197 from the Big lottery. £1,577 from Children In
Need, £1,576 from the Rdnk Foundation dnd £1,067 from the Council for Nl.
15) During the year ended 31 October 2021 the charity received £3,073 of capital grant8, including £998 from
Dfc. £1,621 from BBC CIN and £454 from other ￿nders.
16) The October 2022 accounts included a capiial grant of £3.500 received from Danske Bank.
Page 22

Liberty Consortium
(A company limited by guarantee)
Notes to fjnancial statements
ror the year ended 31 October 2023
Restricted Funding for Revenue Expenditure
l) The funding from BBC ChTldren in Need was provided to assist with meeting wages costs.
2) The funding from the Dfc is provided to cover salary costs incurred in connection with the management of
the Neighbourhood Rcnewal funded progran]me.
3) The funding from all other funder5 is provided lo assist with wages and other running costs.
The 4 year grant aid from the National Lottery totalling £500.000 to assist with the cosls of the Thrift shop
started in 2020 and will run unlil 2024. The grant aid i.s recognised in the accounts on an accrual% basis and
matched with the expenditure to which it relates. Any element of the grani ihat is received in advance is treated
as deferred income at the balance she¢l dale and is included in creditors, lo be recognised as income when the
relevant expenditure is incurred. Likewise where expenditure is incurred before the granl is received, then the
grani due is recogni5ed as income and the amounl owed is included as an asset in the balance sheet. During the
Oclober 2023 financTal year the charÈty received £142,199 from the National Lottery under this contract. The
2023 financial statements include grant income recognised from ihe National Lotlery of £ 142,474 relating to the
funded progran]me logeiher wtth the relevant matching expenditure. As at 31 October 2023 the balance sheei
creditors include a deferred balance of £16,406 {2022..£16.681) relating to the National knitery grant which was
received in advance, to be recognised income when the relevani expendAture is incurred.
The October 2023 financia] stalemenis include income of £0 (2022..£21,299) from Children in Need together
with the Telated matched expenditure. As at 31 October 2023 creditors include defe￿ed income of £0 (2022:£0)
relating to BBC CIN grants. Any def¢￿ed balances willl be recognised as income in the accounts whenever the
relevant expenditure is recognised and incurred. The BBC CIN tunding fjnishcd in the October 2022 year.
All funding in the accounr5 is recognised on an accruals basis and matched with the related expenditure. As at 31
October 2023 the balance sheet creditors include total deferred income of £84,850 (2022.. £76,432) relating to
grants that have been recetved in advance by the charity. inclusive of the Nationa] Lottery advance detailed
separately in the notes above. A5 at 31 October 2023 the balance sheel also includes debtors of £500 (2022..£0)
relating to granis owed.
OiheT restricted incom¢ and donation& recognised in the accounts ar¢ maiched against the relatd wages and
other project co4tS.
17.
General commitments
The Charity has entered into 2 multi year lease agreements Telating to Ihe various units in the Northside Village
Centre from which the charity currently operates. The leases run for periods up to 2027, with the charits, having a
break option upon giving 6 monthy norice in both 2025 and 2026. The charity is currently comlljilted to paying
rental costs of approximately £50.000 under the lease agreements. The £18.000 rental cost relating to the thrift
shop unit is a cost that is funded under the 4 year grant aid provided by the Btg Lottery, which runs until
September 2024.
18.
Contingent liabilities
Granls received could become repayable in the event that the tern]s and conditions of the letrer of offer are not
complied with.
Page 23

Liberty Consortium
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 October 2023
19.
Transactions with trustees
l ) The directors {tn15tees) aTe all voluntary and do not receive any remuneration or expenses in connection with
their role on the board.
20.
Related party transactions
l ) The October 2023 income includes £15,115 (2022..£9,033) from Greatei Shantallow Area Partnership (GSAP)
in connection with the provision of the play facilities to participants of the Extended Schools Programme and
various other services. There are no outstanding balances between the two organisations as at 31 October 20?3
(2022:£270 owed). The Playtrail facilities are made available io GSAP on the same terms as a]1 other users. Mr
Darren Kirby, a director of the charily, is an employee of GSAP, although he has no involvement in the GSAP
Extended Schools programme.
2) Thcre has been no donation contributions generated by Liberty Consortium Enterprises CIC. a trading
company owned by the Ch￿lty, during the pa4t 5 year% ended 31 October 2023. The constilution of the CIC
requires that all surpluses generated by it a￿ donated to the charity. As al 31 October 2023 debtors include
£4,164 (2022:£3,028) owed by the CIC.
3) The October 2023 accounts include costs of £209 (2022..£190) invoiced by the Nerve Centre. As at 31 October
2023 there are no outstanding balances belween the two organisations. Mr John Peio, a director of the charity, is
a150 the Director of Education ai the Nerve Centre. All Iransaciions between the Iwo organisat20ns occur under
nonnal oper&ting tenY]s.
21.
Controlling Interest
The charitable cornpany is controlled collectively by the board of directors.
22.
Post balance Sheet events
l ) The B02rd of Directors continues lo consider and implement some of the recommendations contained in the
organisational review report produced by Roe Consultancy . There are no provisions or adjustments required in
the October ?023 financial statements arising from the review.
23.
Gross cash flows
2023
2022
Returns on investments and servicing of finance
Bank charges and Inieresi paid
(5,737)
(5.134)
C2Pital expenditure
Payments to acquire tangible assets
(13,585)
Page 24

Liberty Consortium
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 October 2023
24.
Analysis of changes in net funds
Opening
balance
Cash
Ilows
Closing
balance
Ca8h at bank and in hand
Overdrafcs
1,252,344
(5,811)
340,358
1,183
1,592.702
(4.628)
1.246,533
341.541
1.588,074
Net funds
1,246,533
341.541
1,588.074
Company limited by guarantee
Liberty Consortturn is a company limited by guaraniee and accordingly does not have a share capilal.
Every member of the compdny underlakes to contribule such amount as may be requircd not exceeding £1 to the
assets uf the charilable company in Ihe event of its being wound up while he or she is a member, or within one
year after he or she ceases lo be a member.
26.
Llmltatton of Audltors, Llablllty
As slated tn Ihe letier of engagernent dated 01 May 2024 which was signed and approved by the board of
directors, the liability of Ihe audilor is limited to Ihe amount of the annual fee.
Page 2S

Liberty Consortium
(A company limited by guarantee)
The following pages do not forni part of the statutory accounts.

Liberty Consortium
(A company limited by guarantee)
Detailed statement of f￿ancial activities
For the year ended 31 October 2023
2023
2022
Income
Donarions and legacies
Donations
Grants receivable - National tDttery
Grants receivable - Lottery - Awards for All
Grants receivable - DC & SD Council
Grants receivable - BBC Children in Need
Grants receivable - Dfc
Grants receivable - WHSCT
Grants receivable - WELB & EA
Other Grants receivable
Grants receivable - Paul Hamlyn
Grants receivable - Rank Foundation
5,728
142.474
4,375
125,126
10,000
5,853
21,299
67,493
4,093
150.612
64,465
4,696
9,389
2,976
62,549
109,695
20.605
344,027
467.401
Activities for generating funds
887,578
839,362
887.578
839.362
Total income from generating funds
1.231,605
1.306,763
Other income
Other income
5,000
5.000
5,000
5.000
Total income
1,236.605
.311,763
Expenditure
Costs of generating funds:
Wages & Salaries - Grants Aided
Employer's NIC - Gr£int Aided
Grant.5 - Staff _ Pen4ion costs
Depreciation & impairment - Grant Aided
598,095
49,612
32,257
27.914
632.971
54,700
31,452
35,020
707,878
754,143
Page 27

Liberty Consortium
(A company limited by guarantee)
Detailed statement of financial activities
For the year ended 31 October 2023
Support costs
Rent
Rates and water
Lighi aTJd heat
Repairs and n]ain*nance
Premises Security Costs
Insurance
Support - Establishment - Unifornis
Motor and travel Losts
Mol(Ir vehicle cosis
Staff training
Subscriptions and memberships
Telephone and internet
Printing. post and .%tationery
Computer costs
Advertising and promotion
Depreciation and impairment
Other 8uppori costs
Donations
Provision for bad and doubifijl debis
54,600
3,2911
8,229
19,301
486
11,467
859
3.￿]
3,674
4,056
1.747
6,670
3.842
1,663
1,238
11,916
22.777
77
110
48,920
222
9,896
50,382
1.578
10,419
2.441
3,608
3,509
3,928
2.327
7,185
3,761
9,427
480
12,376
18,369
381
125
159,011
189.334
Total cost of generating voluntary Income
Other operatlng costs
Project and Actlvity costs
Other project costs - TIP
Project set up costs - thrlft shop
Project Costs - Amphitheatre
866,889
943.477
81.520
122,024
1,459
1,177
12,133
81,520
136,793
Total costs of generating funds
948,409
1,080,270
Page 28

Liberty Consortium
(A company limited by guarantee)
Detailed statement of financial activities
For the year ended 31 October 2023
2023
2022
Office expenses - Other
(i)
(i)
Supporl costs
Audit and accountancy fees
Support - Professional - Other
Bank inleresi and charges
4.160
10.064
5,737
4,090
4,685
5,134
19,961
13,909
Total other costs
19,960
13,909
Net Incomel(expenditure) for the year
268,236
217,584
Page 29