THE BLOODY SUNDAY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The accounts have been prepared in accordance with Ihe accounting policies set out in nole 1 to Ihe accounls and compty with the charity's goveming document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)" {as amended for accounting periods commencing from 1 January 20191 Objectives and activities The Bloody Sunday Trust is a community based education and history organisalion Ihat was established with the aim of exploring the recent troubled history of the City of Derry as a means of enhancing respect and understanding for Human Rights, and promoting mutual understanding through the honest examination of our past, with particular reference to events during ihe past 60 years. The objects of the charity as stated in the Memorandum of Association are Ihe advancemenl of the education of the general public to raise greater awareness and understanding of their heritage and to compile and hold in trust archival materials and artefacts publicly accessible and displayed in the Museum of Free Derry in the advancement of human and civil rights, tolerance and diversty throughout the island of Ireland and inlemationally. Public benefit The trustees have paid due regard to guidan￿ issued by the Charity Commission in deciding what activities the charity should undertake. Activities Our current primary aclivlties are the dignified remembrance of Bloody Sunday on behalf of the Bloody Sunday Families in their quest for truth and justice, and to create a proper legacy for Bloody Sunday and the Civil Rights Era. The charity has established a trading subsidiary. Museum of Free Dery Ltd, lo operale the Museum of Free Derry Limited. Bloody Sunday Trust will conts'nue to support the on-going development of the museum through exploring funding opportunities. Achievements and perfomiance Significant activities and achievements against objectives The Bloody Sunday Trust focused its strategic direction in the development of the Museum of Free Dery as a key tourism provider in the city and secondly branding the cities role in conflict Iransformalion bolh nationally and internationalty. This involved a Significan￿ programme of remembran￿ in both June and January as well as the developmenl oflhe second Dery Peace and Conflict Intemational week scheduled September 2024. BST continued to deliver its schools outreach project and shared history programme during this period. BST in this period maintained offices in a city Cenlre localion. In 2023124 the Trust.. Maintained its Staff tearn at 13 Sin￿ last Annual General. New BST offi￿s.. Bishop Street operational and working well since October 2023 Membership of Friends of Bloody Sunday Trust relaunched Jan 2023 . currently 222 members. Review of current slrategic plan and complelion of BST strategic plan 2023- 2028 = Northwest Civil Rights Archive= Successful application to Heritage Lottery Fund for four-year project {one year development, 3 years delivery). Management group and advisory group established Derry Peace and conflict inlemational Summer School Scheduled 23rd September for a week. 15 anli Zionisv campaigners from USA recruited and programme developed. Palestine Consolidation Partnership PNI.. I Irish anti apartheid Campaign Membership Delivery of Nakba Day, Palestinian Vigils, Production of Kaffiya's, postcards and badges.. Total donated to Palestinian causes '. £17,266 THE BLOODY SUNDAY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tourism bodies '. M Mc Laughlin appointed as Director of VisTI Derry. Ongoing engagemenls with Tourism Nl Tourism Ireland and Economy Minister following visit to MOFD. Lobby to have Political Tourism included in new Tourism Strategy and the positioning of the Museum as a key economic driver. Regular attendance al Meet the Buyer events with new Destination Management Companies engaged. MOFD now brand aligned with TNI Events coordination.. Delivery of Jan, June anniversary plus ongoing annual programme of events.. Staff review of Jan anniversary programme completed. Online booking system established and focus given to merchandise and online shop Programme outputs.. TEO Good Relations Schools Project 22123- 479 participants Urban Villages 22123 - 544 participants Awards For All Creative History 22123- 103 participants DFA Derry Model 22123- 161 Total - 1287 Specific achievements and perfomiance indicators included.. Museum of Free Derry Visitor numbers 42,295 visitors Funding secured £162,532.69 Delivery of June 2022 international week and development of Derry Peace and Conflict Intemational Brand Exceeded stralegic targels in admissions and commercial income Progressed NW Civil Rights Archive towards Nl Heritage Lottery Fund application Position of Museum as Key economic driver for Cty Appointment as Director Visit Derry Financial review Total income for the year was £367.668, received in respect of the Bloody Sunday Trust and the Museum of Free Derry, £240,479 was grant funding for educational and conflict resolution programme activilies, £20,000 in respecl of management charges for administration of Museum of Free Derry and £28.133 was from voluntary donations. Gift aid paymenls received from the charity's trading subsidiary, Museum of Free Derry Ltd, amounted to £66,169. Total expenditure was £419,213, all of which was in relation to programme delivery and costs associated with charitable aclivities. Included wilhin expenditure is an amount of £75,143 in respect of granl claims outslanding written off in respect of ineligible expenditure associated with the Conflict Transfomiation and Peacebuilding Programme funded by the Special European Union Programmes Body ISEUPB) be￿een January 2018 and March 2022. Funding was claimed on an arrears basis based on expenditure incurred, and this funding was recognised within income in the financial statements in the period that expendrture associated with the project was incurred. As al 31 March 2023, an amounl of £143,393 was included within grants receivable debtors in respecl of grant claims not yet to the charity paid in respect of this project. SEUPB have now reviewed all outstanding claims and have deemed these claims to include ineligible expendf(ure. Therefore an adjustment has been recognised in the financial statements in the amount of £75.143 to agree the grants re￿1vable amount as at 31 March 2024 to the value ofthe claims certified by SEUPB. The balance on total funds at the year-end was £1￿,728. ofwhich £81.003 were restricted in nature and £109,725 were unrestricted funds. ReseNes policy The Trustees consider it prudent to hold monies in reserve in the event that unforeseen circumStan￿S should lead to financial difficulties which might put the fijture of its employment capacity, general charitable work and property in jeopardy. The Truslees have examined the chartty's ￿qUIrementS for ￿serveS in light of the main risks to the organisation and established a formal policy which stipulates that free reserves be maintained at a level which ensures that the charity's core activity could continue during a period of unforeseen difficulty. Free rese￿eS are defined by the Truslees as unrestricted income funds freely available for use as the charity so delem)ines and thereby excludes any funds committed, invested in tangible fixed assets held by the charity and restricted or designated funds. THE BLOODY SUNDAY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, policy is that the amount of unrestricted income funds should ￿flect a minimum of Ihree months, core expenditure. The Trustees, assessment of core costs (excluding programme activities which are funded from grants, depreciation and non-recurring expenditure) amounts to £190,OlJ), therefore the target level of reserves is £47,500. Unrestricted funds as at 31 st March 2024 are £109.725 of vthich £102,384 are free reserves, therefore the Trustees are pleased to confirm that Ihe charity is compliant with its reserves policy. The Trustees conlinue to strive to build a general level of free reserves in accordance with their policy so that they will be able to continue the current activities of the charity. In the short term, the Trustees have also considered the extent to which existing activities should be curtailed, should circumstances arise. Major risks The Trustees are aware of the major risks to which the charity is exposed. VNThere appropriate, systems or procedures have been eslablished to miligale the risks the charity faces. Intemal control risks are minimised through the procedures for authorisation of all transactions and projects. PrO￿dureS are periodicalty reviewed to ensure that they continue to meet the needs of the group. Procedures are in place lo ensure compliance with applicable laws and regulations. These procedures are reviewed periodically to ensure that they continue to meel the needs of the charity- Plans for future periods BST will conlinue to work with National Lottery Heritage fund in the development of the NW Civil Righls Archive. It is our intention that the archive will be developed as a national civil rights archive across the island. Derry Peace and Conflict Intemalional - BST delivered its first intemalional summer school in June 2023 with an objective of hosting annual international schools exploring the lessons and leamings of conflict transfomiation as a blueprinl for other counlries. Next steps Strategic plan 2023 - 2028 Delivery of five strategic objectives Delivery of January and June anniversary dates and continuous review of Events delivery Funding priorilies towards salary costs and events coordination. Schools Outreach (Donegav All Ireland ) Derry Model work with local participants Investmenl in social media and marketing Funding Opportunities.. Pea￿ Plus, Shared Islands. Intemational Fund Ireland , Big Lottery Consolidalion of Partnership with Palestinian National Initialive and Palestine Medical Relief Society Position Museum as a key economic driver.. relationships Visit Derry. Tourism Ireland. Tourism Nl Structure, governance and management The Bloody Sunday Trust is a company limited by guarantee and was incorporated on 14 June 2000. The company was established under a Memorandum of Association which established the objects and powers of the company, and is governed by its Artides of Association. The liability of members is limited in that every member of the company undertakes to contribute an amount not exceeding £1 in the event ofthe company being wound up. THE BLOODY SUNDAY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also the d1￿CtorS for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were= Tony Doherty (Chairperson) Susan Harkin (Treasurer) Robin Percival Colm Barton Gerry Duddy Aisling Hutton Brian Tierney Mary Thompson Patrick Amislrong Deirdre McDaid John McKinney Padraig Delargy Paul Laughlin Sean Mooney {Appointed 8 May 20241 Recmitment and appointment of tmstees Under the requirements of the Memorandum and Articles of Association, at each Annual General Meeting, one quarler of the Truslees shall retire from office. detemined by those who have been longest serving since their last election. Al retiring directors are eligible for reelection. The Truslees regularly discuss the needs of Ihe current board and idenlify gaps in knowledge and expertise. Individuals are proposed that could be invited by the Trustees and those agreed are invited to join the board. This process is under ongoing review, and Ihere has been some discussion of setting up a fom of publicty proposedl elected mechanism for a percentage of Trustees. None of the Iruslees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Organisational structure The Bloody Sunday Trusl has a Board of Trustees which meets quarterly and are responsible for the stralegic direction and policy of the charity- The Trustees are from a variety of professional backgrounds relevant to the work of the charity- During the year, a total of 14 Trustees served on the Board. At Ihe year end the Board was made up of 13 Trustees. A scheme of delegalion is in place and responsibilty for the provision of services rests with the Museum Manager, who is responsible for the day to day operational management of the charity- THE BLOODY SUNDAY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of trustees. responsibilities The trustees, who are also the directors of The Bloody Sunday Trust for the purpose of company law, are responsible for preparing the Truslees, Report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United ￿'ngdoM Generally Accepted Accounting practi￿>. Company Law requires the trustees to prepa￿ finan￿al statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of reSoUr￿s, induding the income and expenditure, of the charitable company for thal year. In preparing these financial statements. the trustees are required to= select suitable accounting policies and then app￿ them consistentty.. observe the methods and principle5 in the Charities SORP- make judgements and estimates thal are reasonable and prudent-, stale whether applicable UK Accounting Standards have been followed, subject lo any malerial departures disclosed and explained in the financial statements.. and prepare the financial stalements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charity and hence for taking reasonable steps for the prevention and detection of fraud and other i￿egUlar1ties. Auditor In accordance wilh the company's artides, a resolution proposing that Moore (Nl) LLP be reappointed as auditor of the company will be put at a General Meeting. Disclosure of infom)ation to auditor Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed thal they have taken appropriate steps to identrfy such relevant infomiation and to establish that the auditor is aware of such information. The trustees, report was approved by the Board of Trustees. Tony Doherty Ichairpersony Trustee Susan Harkin (Treasurer) Trustee 29 January 2025