Charity registration number NIC100762 (Northern Ireland)
Company registration number NI038789
THE BLOODY SUNDAY TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
## THE BLOODY SUNDAY TRUST
|CONTENTSa|CONTENTSa|CONTENTSa|
|---|---|---|
|||Page|
|Legaland administrative information||1|
|Trustees’ report||2-6|
|independent auditor's report||7-9|
|Statement offinancial activities||10|
|Balance sheet||1|
|Notestothefinancialstatements|,|12-24|
a
## THE BLOODY SUNDAY TRUST
## LEGAL AND ADMINISTRATIVE INFORMATION
## eee
|Trustees|Tony Doherty (Chairperson)||
|---|---|---|
||Susan Harkin (Treasurer)||
||Robin Percival||
||Colm Barton||
||Gerry Duddy||
||Aisling Hutton||
||MaryThompson||
||PatrickArmstrong||
||Deirdre McDaid||
||John McKinney||
||Padraig Delargy||
||Paul Laughlin||
||Sean Mooney|(Appointed 8 May 2024)|
|Secretary|Elizabeth Jean Hegarty||
|Charity number (Northern Ireland)|NIC100762||
|Company number|NI038789||
|Principal address|23 Bishop Street||
||Derry~Londonderry||
||BT48 6PR||
|Registered office|55 Glenfada Park||
||Derry||
||BT48 9DR||
|Auditor|Moore (NI) LLP||
||21/23 Clarendon Street||
||Derry/Londonderry||
||BT48 7EP||
|Bankers|Danske Bank||
||Donegall SquareWest||
||Belfast||
||BT1
6JS||
-1-
## THE BLOODY SUNDAY TRUST
## TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025
## a
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing 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 Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019)
Objectives and activities The Bloody Sunday Trust is a community based education and history organisation that 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 the past 60 years.
The objects of the charity as stated in the Memorandum of Association are the advancement 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 diversity throughout the island of Ireland and internationally.
Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## Activities
Our current primary activities 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 Derry Ltd, to operate the Museum of Free Derry Limited. Bloody Sunday Trust will continue to support the on-going development of the museum through exploring funding opportunities.
## Achievements and performance
Significant activities and achievements against objectives The Bloody Sunday Trust focused its strategic direction in the development of the Museum of Free Derry as a key tourism provider in the city and secondly branding the cities role in conflict transformation both nationally and internationally.
BST continued to deliver its schools outreach project and shared history program during this period. BST in this period maintained offices in a city Centre location.
- In 2024/25 the Trust: - Maintained its staff team at 14 since last Annual General. + New BsT offices: 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 strategic plan and completion 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.
- - Data surveying in 2024 demonstrates economic impact of £15.8m to local economy via visitors to Museum of Free Derry
- « Derry Peace and conflict international summer week; delivered 23rd September, 14 Human Rights/ antiZionist/ campaigners from USAS recruited and program delivered
- - Palestine: Consolidation Partnership PNI: / Irish anti apartheid Campaign Membership onto Derry city & Strabane Council BDS Working group Total donated to Palestinian causes: £28,021.01
-2-
## THE BLOODY SUNDAY TRUST
## TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
## eee
- » Tourism bodies : M Mc Laughlin appointed as Director of Visit Derry and appointed onto Ministerial Tourism Partnership Board. Ongoing engagements with Tourism NI , Tourism Ireland and Economy Minister following visit to MOFD. Political Tourism now included in new Tourism Strategy and ongoing positioning of the Museum as a key economic driver. Regular attendance at Meet the Buyer events with new Destination Management Companies engaged. MoFD now brand aligned with TNI. Review of current opening hours completed and recommendations brought forward.
- + Events coordination: Delivery of Jan, June anniversary plus ongoing annual program of events: Staff review of Jan anniversary program completed. Online booking system established and focus given to merchandise and online shop
## Programme outputs:
- + TEO Good Relations Schools Project - 80 + Urban Villages 24/25 - 73 + CFNI: Social Justice project - 162 + Community Relations Project - 150 + Department of Foreign Affairs - 154 + 4 group workshops - Event audience participant numbers since January: 999 + Total - 1538
- Specific achievements and performance indicators included:
- « Museum of Free Derry Visitor numbers 44,361
- Funding secured £153,201.47
- » Delivery of September 2024 Derry Peace and Conflict International week - Exceeded strategic targets in admissions and commercial income
- + Progressed NW Civil Rights Archive towards NI Heritage Lottery Fund application
- + Position of Museum as Key economic driver for City + Appointment as Director Visit Derry and Ministerial Tourism Partnership Board
## Financial review
Total income for the year was £275,739, received in respect of the Bloody Sunday Trust and the Museum of Free Derry, £143,490 was grant funding for educational and conflict resolution programme activities, £20,000 in respect of management charges for administration of Museum of Free Derry and £32,353 was from voluntary donations. Gift aid payments received from the charity's trading subsidiary, Museum of Free Derry Ltd, amounted to £63,828.
Total expenditure was £301,569, all of which was in relation to programme delivery and costs associated with charitable activities
The balance on total funds at the year-end was £164,770, of which £93,232 were restricted in nature and £71 538 were unrestricted funds.
## Reserves policy
The Trustees consider it prudent to hold monies in reserve in the event that unforeseen circumstances should lead to financial difficulties which might put the future of its employment capacity, general charitable work and property in jeopardy.
The Trustees have examined the charity's requirements for reserves 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 reserves are defined by the Trustees as unrestricted income funds freely available for use as the charity so determines and thereby excludes any funds committed, invested in tangible fixed assets held by the charity and restricted or designated funds.
-3-
THE BLOODY SUNDAY TRUST TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 a The Trustees’ policy is that the amount of unrestricted income funds should reflect a minimum of three months’ core expenditure. The Trustees’ assessment of core costs (excluding programme activities which are funded from grants, depreciation and non-recurring expenditure) amounts to £190,000, therefore the target level of reserves is £47,500. Unrestricted funds as at 31st March 2025 are £71,538 of which £66,485 are free reserves, therefore the Trustees are pleased to confirm that the charity is compliant with its reserves policy. The Trustees continue 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. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised through the procedures for authorisation of all transactions and projects. Procedures are periodically reviewed to ensure that they continue to meet the needs of the group. Procedures are in place to ensure compliance with applicable laws and regulations. These procedures are reviewed periodically to ensure that they continue to meet the needs of the charity.
## Plans for future periods
BST will continue to work with National Lottery Heritage fund in the development of the NW Civil Rights Archive. It is our intention that the archive will be developed as a national civil rights archive across the island.
Derry Peace and Conflict International - BST delivered its first international summer school in June 2023 with an objective of hosting annual international schools exploring the lessons and learnings of conflict transformation as a blueprint for other countries.
## Next steps
- « Consolidation of Work on Palestine, Membership of Anti-Apartheid Campaign, BDS Working Group (DCSDC)
- Derry Peace & Conflict International and Development of 2025/26 International week
- + Delivery on next stage application / NW civil rights archive, delivery and recruitment - Deliery and ongoing review of Strategic Targets, Income, Visitor numbers, Funding » Schools Outreach (Donegal/ All Ireland ) - Position Museum as a key economic driver: relationships Visit Derry, Tourism Ireland, Tourism Ni » Increase Funding streams to offset current salary and operational costs + Explore options on Museum Archive upgrade
## 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 Articles 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 of the company being wound up.
ee -4-
THE BLOODY SUNDAY TRUST TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 eee The trustees, who are also the directors 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 (Resigned 1 January 2025) Mary Thompson Patrick Armstrong Deirdre McDaid John McKinney Padraig Delargy Paul Laughlin Sean Mooney (Appointed 8 May 2024)
## Recruitment and appointment of trustees
Under the requirements of the Memorandum and Articles of Association, at each Annual General Meeting, one quarter of the Trustees shall retire from office, determined by those who have been longest serving since their last election. All retiring directors are eligible for re-election.
The Trustees regularly discuss the needs of the current board and identify 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 there has been some discussion of setting up a form of publicly proposed/ elected mechanism for a percentage of Trustees.
None of the trustees 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 Trust has a Board of Trustees which meets quarterly and are responsible for the strategic 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 the year end the Board was made up of 13 Trustees.
A scheme of delegation is in place and responsibility for the provision of services rests with the Museum Director, who is responsible for the day to day operational management of the charity.
## 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 Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial 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 resources, including the income and expenditure, of the charitable company for that year.
-5-
## THE BLOODY SUNDAY TRUST
## TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
## aI I
In preparing these financial statements, the trustees are required to:
> - select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern 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 the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## Auditor
In accordance with the company's articles, a resolution proposing that Moore (NI) LLP be reappointed as auditor of the company will be put at a General Meeting.
## Disclosure of information 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 that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
**----- Start of picture text -----**
The trustees’ report was approved by the Board of Trustees. _
; \ “a | / ; }
Tony Doherty (Chairperson) Susan Harkin (Treasurer)
Trustee Trustee
**----- End of picture text -----**
**----- Start of picture text -----**
M
; \ “a
Tony Doherty (Chairperson)
Trustee
**----- End of picture text -----**
26 November 2025
ee -6-
THE BLOODY SUNDAY TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BLOODY SUNDAY TRUST eee Opinion We have audited the financial statements of The Bloody Sunday Trust (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of treland (United Kingdom Generally Accepted Accounting Practice).
## In our opinion, the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- - have been prepared in accordance with the requirements of the Companies Act 2006.
## Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Audifor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## Opinions on other matters prescribed by the Companies Act 2006
- In our opinion, based on the work undertaken in the course of our audit:
- the information given in the trustees’ report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and
- the directors’ report included within the trustees' report has been prepared in accordance with applicable legal requirements.
-7-
- THE BLOODY SUNDAY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE BLOODY SUNDAY TRUST TS Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- - the financial statements are not in agreement with the accounting records and returns, or - certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report.
## Responsibilities of trustees
As explained more fully in the statement of trustees’ responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, 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 the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Extent to which the audit was considered capable of detecting irregularities, including fraud
The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud: to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.
Based on our understanding of the charitable company and its operating environment, we determined that the most significant frameworks which have a direct impact on the preparation of the financial statements are those related to the reporting framework, (FRS 102, the Charities Act (Northern Ireland) 2008, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, the Charity SORP and the Companies Act 2006). Additionally, we concluded that there are significant laws and regulations in relation to the company's charitable status and activities of which non-compliance may have a material effect on the financial statements.
We assessed the susceptibility of the charitable company's financial statements to material misstatement, including how fraud might occur, including evaluating management's incentives and opportunities to manage earnings or influence the reported results. From the results of our assessment, we determined that the principal risk s of fraud relate to posting inappropriate journal entries and use of charity funds for purposes outside of restrictions imposed by the donor. In common with all audits under ISAs (UK), we are required to perform specific procedures to respond to the risk of management override.
Se -8-
- THE BLOODY SUNDAY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE BLOODY SUNDAY TRUST eee Audit response to risks identified As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. Audit procedures performed by the engagement team included: + We obtained an understanding of the charitable company's internal control systems in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the charitable company's internal control.
- « We obtained an understanding of how the charitable company complies with relevant laws and regulations, including those as a result of its registration with the Charity Commission for Northern treland and charitable status with HM Revenue & Customs , by making enquiries of management and those charged with governance.
- + Enquiry of management, those charged with governance and the entity’s solicitors around actual and potential litigation and claims.
- « Enquiry of entity staff to identify any instances of non-compliance with laws and regulations. + Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud
- + Reviewing minutes of meetings of those charged with governance
- + Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
- + We test the completeness of income to address the risk of fraud in relation to revenue recognition + Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business.
- » Auditing the risk of use of charity funds outside of restrictions imposed by the donor by review of funding letters of offer to identify restrictions, and review of funding claims prepared by management to check compliance with restrictions.
We communicated relevant laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment through collusion, forgery, intentional omissions, misrepresentations or the override of internal control.
A further description of our responsibilities is available on the Financial Reporting Council's website at: https:// www.irc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
## Use of our report
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. py.
For and on behalf of Moore (NI) LLP, Statutory Auditor Chartered Accountants 21/23 Clarendon Street Derry/Londonderry BT48 7EP 26 November 2025
-9-
## THE BLOODY SUNDAY TRUST
## STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
## FOR THE YEAR ENDED 31 MARCH 2025
|FOR THE YEAR ENDED 31THE YEAR ENDED 31YEAR ENDED 31ENDED 3131 MARCH 20252025|FOR THE YEAR ENDED 31THE YEAR ENDED 31YEAR ENDED 31ENDED 3131 MARCH 20252025|FOR THE YEAR ENDED 31THE YEAR ENDED 31YEAR ENDED 31ENDED 3131 MARCH 20252025|FOR THE YEAR ENDED 31THE YEAR ENDED 31YEAR ENDED 31ENDED 3131 MARCH 20252025|FOR THE YEAR ENDED 31THE YEAR ENDED 31YEAR ENDED 31ENDED 3131 MARCH 20252025|FOR THE YEAR ENDED 31THE YEAR ENDED 31YEAR ENDED 31ENDED 3131 MARCH 20252025|FOR THE YEAR ENDED 31THE YEAR ENDED 31YEAR ENDED 31ENDED 3131 MARCH 20252025|FOR THE YEAR ENDED 31THE YEAR ENDED 31YEAR ENDED 31ENDED 3131 MARCH 20252025|FOR THE YEAR ENDED 31THE YEAR ENDED 31YEAR ENDED 31ENDED 3131 MARCH 20252025|
|---|---|---|---|---|---|---|---|---|
|a|||||||||
|||Unrestricted||Restricted|Total|Unrestricted|Restricted|Total|
||||funds
2025|funds
2025|2025|funds
2024|funds
2024|2024|
||Notes||£|£|£|£|£|£|
|Income and endowments
Donations and legacies
Charitable activities
Othertrading activities
Investments
Otherincome||from:
3
5
4
6
7|32,353
-
16,068
63,828
20,000|-
143,490
-
-
-|32,353
143,490
16,068
63,828
20,000|28,133
-
12,887
66,169
20,000|-
240,479
-
-
-|28,133
240,479
12,887
66,169
20,000|
|Totalincome|||132,249|143,490|275,739|127,189|240,479|367,668|
|Expenditure on:
Charitable activities||8|169,581|131,261|300,842|225,306|193,907|419,213|
|Other expenditure||13|727|-|727|-|-|-|
|Totalexpenditure|||170,308|131,261|301,569|225,306|193,907|419,213|
|Netincome/(expenditure)|||(38,059)|12,229|(25,830)|(98,117)|46,572|(51,545)|
|Other recognised|||||||||
|gains and losses:
Other losses||15|(128)|-|(128)|(3,716)|-|(3,716)|
|Net movement in
funds||10|(38,187)|12,229|(25,958)|(101,833)|46,572|(55,261)|
|Reconciliation offunds:|||||||||
|Fund balances at 1 April2024|2024||109,725|81,003|190,728|211,558|34,431|245,989|
|Fund balances at 31 March
2025|||71,538|93,232|164,770|109,725|81,003|490,728|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
a -10-
## THE BLOODY SUNDAY TRUST
## BALANCE SHEET
## AS AT 31 MARCH 2025
|eee|eee|eee|eee|eee|eee|
|---|---|---|---|---|---|
||||2025||2024|
||Notes|£|£|£|£|
|Fixed assets||||||
|Tangible assets
Investments|16
17||5,052
1||7,340
1|
||||5,053||7,341|
|Currentassets||||||
|Debtors|18|109,899||165,794||
|Cash at bankand in hand||57,089||29,421||
|||166,988||195,215||
|Creditors: amounts falling duewithin|19|||||
|one year||(7,271)||(11,828)||
|Netcurrentassets|||159,717||183,387|
|Total assets less current liabilities|||164,770||190,728|
|Netassets|||164,770||190,728|
|The funds ofthe charity||||||
|Restricted incomefunds|21||93,232||81,003|
|Unrestricted funds|||71,538||109,725|
||||164,770||190,728|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 26 November 2025
**----- Start of picture text -----**
_
Tony Doherty (Chairperson) Susan Harkin (Treasurer)
Trustee Trustee
**----- End of picture text -----**
Company registration number NI038789 (Northern Ireland)
-M1-
## THE BLOODY SUNDAY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 aI > 1 Accounting policies
Charity information The Bloody Sunday Trust is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 55 Glenfada Park, Derry, BT48 9DR.
1.1. Basis of preparation The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, 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 Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. The charitable company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the charitable company as an individual entity and not about its group.
1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
- 1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income from museum activities is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
a -12-
**----- Start of picture text -----**
THE BLOODY SUNDAY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
meee
1 Accounting policies (Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Expenditure on charitable activities includes the costs of services undertaken to further the purposes of the
charity and their associated support costs. Support costs are those functions that assist the work of the charity
but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel,
payroll and governance costs which support the charity's programmes and activities.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
**----- End of picture text -----**
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Office Equipment 15% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
## 1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## 1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## 1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
-~13-
## THE BLOODY SUNDAY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
## a 1Accounting policies (Continued)
Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
- 1.11 Taxation The company is a charity (Charity No NIC100762) and is recognised as such by the Charities Commission Northern Ireland. As a result, there is no liability to taxation on any of its income.
## 1.12 Employee benefits
- The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
- 1.13 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## 2 Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## OS
~14-
## THE BLOODY SUNDAY TRUST
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
## eee
|3|incomefrom donationsand legacies|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2025|2024|
|||£|£|
||Donations and gifts|32,353|28,133|
|4|Income from othertrading activities|||
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2025|2024|
|||£|£|
||Fundraising events|16,068|12,887|
|5|Income from charitable activities|||
|||Restricted|Restricted|
|||funds|funds|
|||2025|2024|
|||£|£|
||Charitable activities|||
||Grant Funding|143,490|240,479|
||Grantfunding analysis|||
|||Charitable|Charitable|
|||activities|activities|
|||2025|2024|
|||£|£|
||DCSDC - Cultural Venues Fund|8,125|8,457|
||DCSDC - HeritageVenues Fund|6,748|5,040|
||Urban Village|77,720|-|
||The Executive Office - Shared History Outreach|-|42,705|
||The Executive Office - Good Relations|1,500|1,500|
||Dept ofForeignAffairs|41,166|41,970|
||DormantAccounts|-|76,187|
||NI Community Relations Council|3,338|-|
||Heritagefund - North West Civil RightsArchive|-|35,301|
||Other|4,893|29,319|
|||143,490|240,479|
-~15-
## THE BLOODY SUNDAY TRUST
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 MARCH 2025
## i
|6
Income from investments|6
Income from investments|6
Income from investments|6
Income from investments|
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2025|2024|
|||£|£|
||Income from unlisted investments|63,828|66,169|
|7|Other income|||
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2025|2024|
|||£|£|
||Managementcharge|20,000|20,000|
|8|Expenditure on charitable activities|||
|||Charitable
activities|Charitable
activities|
|||2025|2024|
|||£|£|
||Direct costs|||
||Staffcosts|175,926|173,952|
||Depreciationand impairment
Event& programme costs
Premises related costs|1,873
15,896
12,178|2,250
68,074
12,322|
||Office running costs
Other costs|13,589
74,403|20,843
59,365|
||SEUPB ineligible expenditure|-|75,143|
|||293,865|411,949|
||Share ofsupportand governance costs (see note 9)|||
||Governance|6,977|7,264|
|||300,842|419,213|
||Analysis byfund
Unrestricted funds|169,581|225,306|
||Restricted funds|131,261|193,907|
|||300,842|419,213|
## ee
-16-
## THE BLOODY SUNDAY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 eee 8 Expenditure on charitable activities (Continued)
SEUPB ineligible expenditure The charity facilitated the Conflict Transformation and Peacebuilding Programme funded by the Special European Union Programmes Body (SEUPB) between 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 expenditure associated with the project was incurred. As at 31 March 2024, an amount of £42,452 was included within grants receivable debtors in respect of grant claims not yet paid to the charity in respect of this project. SEUPB reviewed all outstanding claims and have deemed these claims to include ineligible expenditure. An adjustment was recognised in the 2023/24 financial statements in the amount of £41,724 re write down grants receivable debtors as at 31 March 2024 to recoverable amounts in line with the value of the claims certified by SEUPB. As at 31 March 2025, all amounts have been received by the charity.
## 9 Support costs allocated to activities
**----- Start of picture text -----**
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Governance|costs|6,977|7,264|
|Analysed|between:|
|Charitable|activities|6,977|7,264|
|2025|2024|
|Governance|costs|comprise:|£|£|
|Audit fees|4,500|4,500|
|Legal|and|professional|2,477|2,764|
|6,977|7,264|
|10|Net movement|in|funds|2025|2024|
|£|£|
|The|net movement|in|funds|is|stated|after|charging/(crediting):|
|Fees|payable|for the|audit|of the|charity's|financial|statements|4,500|4,500|
|Depreciation|of owned|tangible|fixed|assets|1,873|2,250|
|Loss|on|disposal|of tangible|fixed|assets|727|-|
**----- End of picture text -----**
## 11. = ‘Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
-17-
## THE BLOODY SUNDAY TRUST
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 MARCH 2025
## a 12 Employees
**----- Start of picture text -----**
||||||||||
|---|---|---|---|---|---|---|---|---|
|The average monthly number of employees|during the year was:|2025|2024|
|Number|Number|
|6|6|
|Employment costs|2025|2024|
|£|£|
|Wages|and|salaries|162,617|159,545|
|Social|security|costs|9,450|9,843|
|Other|pension|costs|3,859|4,564|
|175,926|173,952|
|There were|no|employees whose|annual|remuneration was|more|than|£60,000.|
|Remuneration|of|key|management|personnel|
|The|remuneration|of key|management|personnel|was|as|follows:|
|2025|2024|
|£|£|
|Aggregate|compensation|50,087|49,954|
|13.|Other expenditure|
|Unrestricted|Unrestricted|
|funds|funds|
|2025|2024|
|£|£|
|Net|loss|on|disposal|of tangible|fixed|assets|727|-|
**----- End of picture text -----**
## 14 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## 15 Other gains and losses
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Unrestricted|Unrestricted|
|funds|funds|
|2025|2024|
|Gains/(losses)|upon:|£|£|
|Foreign|exchange|128|3,716|
**----- End of picture text -----**
- 18 -
## THE BLOODY SUNDAY TRUST
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
## eee
## 16 Tangible fixed assets
|Tangible fixed assets||
|---|---|
||Office|
||Equipment|
||£|
|Cost||
|At 1 April2024
Additions|111,112
312|
|Disposals|(1,322)|
|At 31 March 2025|110,102|
|Depreciation and impairment||
|At 1 April 2024|103,772|
|Depreciation charged in theyear|1,873|
|Eliminated in respect ofdisposals|(595)|
|At 31 March 2025|105,050|
|Carrying amount||
|At 31 March 2025|5,052|
|At31March2024|7,340|
The Department for Communities holds a charge on all the lands situate at 55-61 Glenfada Park, Derry.
## 17 ‘Fixed asset investments
||||Other|
|---|---|---|---|
||||investments|
||||£|
|Cost orvaluation||||
|At 1 April 2024 & 31 March 2025|||1|
|Carrying amount||||
|At 31 March 2025|||1|
|At 31 March 2024|||1|
|||2025|2024|
|Other investments comprise:|Notes|£|£|
|Investmentsinsubsidiaries|27|1|1|
-19-
## THE BLOODY SUNDAY TRUST
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 MARCH 2025
**----- Start of picture text -----**
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|a|
|18|Debtors|
|2025|2024|
|Amounts|falling|due within|one year:|£|£|
|Grants|receivable|67,647|146,819|
|Amount owed|by|subsidiary|undertaking|42,252|18,975|
|109,899|165,794|
|19|Creditors:|amounts|falling|due|within|one|year|
|2025|2024|
|£|£|
|Other taxation|and|social|security|3,027|3,245|
|Trade|creditors|(42)|3,075|
|Other|creditors|-|864|
|Accruals|and|deferred|income|4,286|4,644|
|7,271|11,828|
|20|Retirement|benefit schemes|
|2025|2024|
|Defined|contribution|schemes|£|£|
|Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|3,859|4,564|
**----- End of picture text -----**
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
ee
-20-
## THE BLOODY SUNDAY TRUST
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
## eee
21 ~—~Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||At 1 April|Incoming|Resources|At31 March|
|---|---|---|---|---|
||2024|resources|expended|2025|
||£|£|£|£|
|The Executive Office - Good Relations|-|1,500|(1,500)|-|
|Department ofForeignAffairs|16,845|41,166|(43,191)|14,820|
|DormantAccounts|39,033|-|(32,651)|6,382|
|DCSDC - Cultural organisational fund|-|8,125|(8,125)|-|
|Urban Village|-|77,720|(5,690)|72,030|
|N! Community Relations Council|-|3,338|(3,338)|-|
|The Community Foundation -Social Justice|||||
|Small grants claim|4,975|-|(4,975)|-|
|Ancient OrderofHibernians -|-|1,953|(1,953)|-|
|Go Succeed|-|2,940|(2,940)|-|
|Heritage Fund - Heritage and Programmes
Development|-|6,748|(6,748)|-|
|National Lottery Heritage Fund|20,150|-|(20,150)|-|
||81,003|143,490|(131,261)|93,232|
|Previous year:|At 1 April|Incoming|Resources|At31 March|
||2023|resources|expended|2024|
||£|£|£|£|
|The Executive Office - Good Relations|-|1,500|(1,500)|-|
|The Executive Office - Shared History Outreach|-|42,705|(42,705)|-|
|DCSDC - HeritageAnimation & Visitor|||||
|Servicing Fund|-|5,040|(5,040)|-|
|DCSDC - Cultural organisational fund|-|8,457|(8,457)|-|
|DCSDC - Good relations small grant|-|500|(500)|-|
|Department ofForeign Affairs|16,800|41,970|(41,925)|16,845|
|Dormant accounts|8,381|76,187|(45,535)|39,033|
|Arts Council NI|3,883|-|(3,883)|-|
|The Community Foundation -Social Justice|||||
|Small grants claim|-|4,975|-|4,975|
|Anchient Order of Hibernians -|-|15,488|(15,488)|-|
|DeptforCommunities -Job start|-|8,356|(8,356)|-|
|Esmee Fairburn Collections Fund|1,666|-|(1,666)|-|
|National Lottery Heritage Fund|-|35,301|(15,151)|20,150|
|Awards for all|3,701|-|(3,701)|-|
||34,431|240,479|(193,907)|81,003|
-21-
## THE BLOODY SUNDAY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 a 21. ~—~-Restricted funds (Continued)
## Analysis of material restricted funds
The Executive Office Grant funding in respect of salaries and wages and programme and event costs through the NI Schools Outreach Programme awarded from the Central Good Relations Funding Programme to contribute to the promotion of good relations and the building of a united, shared and reconciled community.
Department of Foreign Affiars Funding towards costs associated with the programme of Bloody Sunday Trust anniversaries and events.
## Dormant accounts
Funding towards salary costs and mentoring programmes.
## Ancient Order of Hibernians
Funding towards DPCI summer school.
DCSDC - Cultural Organisational Fund Fund to cover running costs for the museum as it is a cultural organisation.
Urban Village Fund through executive office. Direct support program which covered museum entry fees for MoFD & The seige, facilitation, catering, transport, 6 workshops & marketing of the program.
NI Community Relations Council Program called Uncomfortable Conversations, this was for museum entry fees for MoFD & the Seige & 3 workshops.
## Go Succeed
Fund to help develop a new website for the Museum covering 80% of costs
National Lottery Heritage Fund Funding towards the development of the North West Civil Rights archive.
## 22 ~+Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||At 1 April
2024|Incoming
resources|Resources
expended|Gains and
losses|At31 March
2025|
|---|---|---|---|---|---|
||£|£|£|£|£|
|General funds|109,725|132,249|(170,308)|(128)|71,538|
|Previous year:|At 1 April
2023|Incoming
resources|Resources
expended|Gainsand
losses|At31 March
2024|
||£|£|£|£|£|
|Generalfunds|211,558|127,189|(225,306)|(3,716)|109,725|
a -22-
## THE BLOODY SUNDAY TRUST
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
## eee
## 23 Analysis of net assets between funds
||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds||
||2025|2025|2025|
|At 31 March 2025:|£|£|£|
|Tangibleassets
Investments
Current assets/(liabilities)|5,052
1
66,485|-
-
93,232|§,052
1
159,717|
||71,538|93,232|164,770|
||Unrestricted|Restricted|Total|
||funds|funds||
||2024|2024|2024|
||£|£|£|
|At 31 March 2024:||||
|Tangible assets
Investments|7,340
1|-
-|7,340
1|
|Current assets/(liabilities)|102,384|81,003|183,387|
||109,725|81,003|190,728|
## 24 Contingent Liabilities
Certain grants received and receivable may become repayable to the funder if the charity is no longer able to meet the conditions under which they were awarded. Due to the nature of these contingencies it may not be possible to quantify the potential financial effect or give an indication of the timing as to the liabilities that may arise.
## 25 ~Events after the reporting date
There have been no significant events affecting the charity since the reporting date.
## 26 ~=—Related party transactions
Operation of the Museum of Free Derry
At the year end, the charity was owed £42,252 from (2024: £18,975) Museum of Free Derry Ltd in respect of externai funding, transfers and expenses incurred in relation to the operation of the museum. Amounts owed to the charity from Museum of Free Derry are disclosed as amounts owed by subsidiary undertakings at note 18.
~23-
## THE BLOODY SUNDAY TRUST
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 MARCH 2025
TT
## 27 ~=Subsidiaries
These financial statements are separate charity financial statements for The Bloody Sunday Trust.
Details of the charity's subsidiaries at 31 March 2025 are as follows:
|Name ofundertaking|Registered
office|Nature ofbusiness|Class of
shares held|% Held
_Direct Indirect|
|---|---|---|---|---|
|Museum ofFree Derry Ltd|55 Glenfada
Park, Derry,|Operation oftheMuseum of
Free Derry|— Ordinary
shares|100.00|
||BT489DR||||
Investments in subsidiaries are stated at cost.
ee 24-