COMPANY REGISTAATION NUMBER: N1054244 CHARITY REGISTRATION NUMBER: 101455 Bob Harte Memorial Trust Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 •JCIIWP08* 1811212023 COMPANIES HOUSÉ JNI-' Chartered accountants 42A Clooney Terrace Waterside Londonderry 8T47 6AP
Bob Harte Memorlal Trust Company Llmited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the Irustees Staternent of linancial activities (including incorne and expenditure account) Statement of financial position Notes to the financial slalements The followlng pages do not form part of the financlal statements Detailed statement of financial activities 17 Notes to the detailed statement of financial activities 18
Bob Harte Memorial Trust Company Limiled by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2023 The trustees. who are also the directors for the purposes of company law. present their report and Ihe unaudiled linancial statements of Ihe Charity lor the year ended 31 Mafch 2023. Reference and admlnlslrallve detalls Registered charlty name Bob Harlo MemoTial Trust Charfty regjslrallon number 101455 Company regislrallon number N1054244 Prlnclpal offlce and registered 18 Georges Street oflice Londonderry 8T48 6RP The trustees Mr G Hepburn Mr D Moore Mr K Thompson MA Temple Independenl examiner Keith McElhinney & Co. 42A Clooney Terrace waterSe Londondery BT47 6AP Structurei governance and management The charity is a Company limited by guarantee. which was incorporated on 10th March 2005. The company is governed by its Memorandum artl Articles ol Association, which were signed on 21st February 2005 on behalf of Ihe tirsl members of Ihe charity. The charity is rnanaged by Ihe trustees. who ale also the direclors lor th8 purposes of cofflpany law. They meel throughout the year in order to manage Ihe activilies of Ihe chaiity. They are elected by members at Ihe Annual General Meeiing.
Bob Harte Memorial Trust Company Limited by Guarantee Trustees, Annual Report {Incorporating Ihe Direclor's Report) (¢ontlnu•dJ Year ended 31 March 2023 Oblectlves and aclivitles The Charitys objecls are:. a) The advan¢emeni of education. learning and knowledge by.. i) The eslablishment, rnainlenance and improvemerFI OF a Community Hall and heritage Centr8 in the Fountain dislricl ol Londonderry lor the public exhibitson, display and interprelalion of documents, books, photographs. maps. artelacts and olher items relating lo Ihe social. cultural. religious, political and economic hlsiory of the unionisl community ol ihe Fountain and of the City ol Londonderry Ilh8 'area ol benefit") and thereby to promote interest in the past, present and future ol that community,. ii) Organising, promoling and presenting educational. artistic and cuUral activities, including festivals. performances of music, drama, dance and poelry, film shows and walking tours of Ihe City; iii) Carrying out research Into Ihe social, cullural, religious, political and economic history. with particular relerence lo the bNenli8lh Century, and current situation ol the Unionist community of the Founlain and of the City; b) Promote the value ol cultural aclivity and motivate people at local level to prolect and consèNe their cultural herilage: C) Provide leisure and recreational facilrties lor the benelit and enjoyment ol Ihe public and in tha interests ot social wellare; dl Promote good community relations, including Ihe facilitation ol peace building initiailves. betsveen the Fountain and neighbourin9 communities. The charity have paid due regard lo guidanc8 issued by the Charity Commission in deGiding what aclivilies the charity should undertake. Strateglc report The following sKlions lor achievements and pertormance and financial review lorm Ihe slralegic report ol the chartty. Achlevements and performancè The charity continued to suffer from Ihe elfecls of the covid pandemic. The Trustees are gratelul for Ihe 5UPPQrt offered by the Ulster-scots Agency, which enabled us to carry out repairs and maintenance; enhancing the visitor experience. The Iruslees welcome Ihe reopening of Ihe centre to th8 publiG and the delivery, again, ol workshops and events. The Irustees are hopeful ol inGreased activty in the coming year. Flnanclal revlew The charity made a surplus for Ihe year 01 £742 (2022: deficit £57) and al 31 March 2023 had net assets of £1.000 (2022: £258)
Bob Harte Memorlal Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the DireGior'$ Report) {contlnued) Year ended 31 March 2023 The Irusle8s' annual report and Ihe strategic report were approved on 10 December 2023 and signed on behall of the board ol Iruslees by: Mr K Thompson Trustee
Bob Harte Memorial Trust Company Limited by Guarantee Independent Examiner's Report to the Truslees ol Bob Harte Memorial Trust Year ended 31 March 2023 I report to the truslees on my examination ol the financial slalemenls of Bob Harte Mernorial Trusl {'Ihe chariv) for the year ended 31 March 2023. Responslbllitles and basis ot report As the Irustees of Ihe company (and also its directors for the purposes of company lawl you are responsible lor the preparation of the financial stalernenls in accordance with th8 requiremenls ol Charilies Act {Northem Ireland) 2008 (the '21308 Acl'} ad the Companiés Act 2006 ('Ihe 2Q06 Act.). You are salisfied that the accounts of the company are not required by charity or company law to be audil8d and have chosen instead to have an independent examinalion. Having 5at•slied myself Iha't the accounts of the company are not required to be audited under Part 16 ol the 2006 Act and are eligible for independent examination. I report in rospect ol my exarninaiion ol the charity5 financial slatemenls as carried oui under section 65 of Ihe 2008 Acl. In caryng out my examination I have followed the gen8ral Directions given by the Chartty Commission for Northern Ireland under section 6519){b) ol the 2008 Aet. Independenl examlner'$ gtatement I have completed my examination. I conlirm that no matters have come lo my attention in connection wilh my examination giving me cause to believe that in any material respect: accounting records were not kept in respect ol the charity as required by section 386 01 the 2006 Act; or the linancial statements do nol accord with Ihose records,. or the financial slatemenls do not comply with the accounling requirements ol section 396 01 Ihe 2006 Acl other than any requirernent that the accounts give a 'true and lair. view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with Ihe melhods and principles of the Statemenl of Recommended Practice tor accounling and reporling by charities applicable lo charilies preparing their accounts in accordance wilh Ihe Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021. I confirm Ihal there are no olher matters lo which your attention should b8 drawn lo enable a proper understanding of Ihe accounls lo be reached. Keith McElhinney & Co. Independent Examiner 42A Clooney Terrace Waterside Londondery BT47 6AP 10 December 2023
Bob Harte Memorial Trust Cofflpany Limited by Guarantee Staternenl of Financial Activilies (including income and expendiiure account) Year ended 31 March 2023 2023 Unrestricted lunds Tolal furmls Total funds 20¥2 Note In¢orne and endowments Donalrons and legacies Charitable activities 4.171 6.185 10,356 4.171 6,185 10,356 6.275 4.568 Total Income 10.843 Expendllure Expendilure on charilable activhies Total expendlture 70 9,614 9,614 9.614 9,614 10.900 10.900 Nel Incomel(expendllure) and net movemenl In funds 742 742 {57) Fleconclllallon ol funds Total funds brought fortrvard Total lundg carrled lorward 258 258 315 1,000 1.000 258 The statement ot linanclal aclivilies includes all gains and losses recognised in the year. All income and exp8noYture deriwe trom continuing activities. The notes on pages 8 to 15 lonTb part of these IlnAnelal 9taiefflents.
Bob Harte Memorlal Trust Company Limited by Guarantee Statemenl of Flnancial Posltion 31 March 2023 2(r23 2022 14ote Fixed assets Tangible,fixed assels 13 133,212 137,362 Currenl assels Debtors Cash at bank and in hand 14 216 230 1.638 446 1,638 cdI10rs. amounts taillng due wllhln one year Nel current Ilablllties 15 588 1,262 376 (142) 133,070 Total assets less curTrnt Ilabllities 137.738 Creditors: amounts lalllng due after more than one year Nel assels 16 132,070 1,000 137.480 258 Funds ol the charlty Unrestricted funds 1,000 1,000 258 Total charlty lunds 19 258 For the year ending 31 March 2023 the chwity was entilled to exemplion from audrt under section 477 of Ihe Companles Acl 200S relaling to.small companies. Directors. responsibilities= The members have r1 required the company io obtain an aut*t of its linancial statements for the year in question in accordance wilh seclion 476., The directors acknowledge Iheir responsibilities for complying with the requirements of the Act wilh respect to a¢counting records and the preparation of financial statemenls. These financial statemenls have been prepared in accordance with the provisions applicable to companies subject lo the small ¢ompanies' regime. The statement of financial position continues on Ihe following page. The notes on pages 8 to 15 fonn parl ol these Ilnanclal statements.
Bob Harte Memorial Trust Company Limited by Guarantee Slatemenl of Financial Position {¢onUnueaJ 31 March 2023 These financial slalemenls were approved by the board of Irustees and aulhorised for Issue on 10 December 2023. and are signed on behall of the b)ard by.. Mr K Thofflpson Trustee The nates on pages 8 to 15 fonn part ol thesfr linanclal slatèments.
Bob Harte Memorlal Trust Company Limited by Guarantee Notes to the Financlal Stalements Year ended 31 March 2023 General Inlomiatlon The charity Is a public benefSt entity and a wivale company limited by guarantee, registered in N Ireland and a registered ¢harity In Northern Ireland. The address cf Ihe regisiered office 1$ 18 Georges Street. Londonderry. BT48 6RP. Statemenl of compliance These linancial statements have been prepared in compliance with FRS 102, The Financial R8POrting Standard applicable in the UK and the Republic ol Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with tho Financial Reporting Standard applicable in th8 UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 102)} and the Compani85 Act 2006. Accounllng pollcles Basls ol preparatlon The linancial stalemenls have been prepared on tha historic cosl basis. as modilied by ihe revaluation of certaln linanclal assets and Ilabilities and investmenl propertles measured at falr value through income or expendilure. The financial statements are prepared in slerling, which is the lunctional currency of Ihe entity. Golng concern There are no material uncertainties ab)ut the charitys abilhy lo continue. Judgemen1$ and key 8our¢es of estlrnallon un¢ertalnty The preparation of the Ilnancial statements requires management to make Ju¢Jgemenls, estimates and assumptions Ihal affect the amounts reported. Th8s8 estimates and judgemenls are conlinually reviewed and are based on experience and olher factors. including expectations ol future events that are b81igved lo be reasonable under the circumsiances. Fund aecountlng Unrestricted lunds are available for use at the discrolion of tho Iruslees to further any ol the charivs Purposes. Designaled funds are unrestricted lunds earmarked by the Ilustees lor particular lulure project or commitnenl. Reslricled funds are subjected lo restrictlons an Iheir expendiiure declared by the donor or through the 18rms ot an appeal. and fall into one ol two sub<lasses'. reslricled income funds or endowment funds.
Bob Harte. Memorial Trust Company Limited by Guarantee Notes to the Financial Ststements Inilnued? Year ended 31 March 2023 Ac¢oun¢ing poll¢les (rnnllnuedj Incomlng resources All inGoming resources are included in Ihe slatem8nt ol lirnancial activilies when entitlement has passed lo ihe charity: it is probable Ihal the economic benelils associated wilh Ihe Iransaaion will Ilow lo the charity and the amount can be reliably measured. The following specitic policies are apph'ed lo particular categoiies of income: income from donations OT grants 15 recognised when there is evidence of entitternenl lo Ihe gift, receipt is probable and its amounl Can be measured reliably. legacy income is recognised when receipt is probable and entitlement is eslablished. income from donated goods is measured al the fair value ol Ihe goods unless this is impractical to measure reliably, in which case Ihe value is derived from the cost to the donor or Ihe estimated resale value. Oonated facilities and services are recognised in Ihe accounls when received il the value Can be reliably measured. No amounts are included lor the conlribulioft ol general volunteers. income from contracts lor the supply of seNices is recognised wtlh the delivery of the contracted seTrice. This is classified as unrestricted funds unless ihere Is a contractual requirement for it lo be spent on a particular purpose and retumed il unspgnt, in which case it may be regarded as restricted. Resources expended Expenditure Is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which ¢annot be fully recovered, and is classified under headings of Ihe stalemenl ol financial aclivities to which it relates-. expenditure on raising lunds includes the costs of all fundraising activili8s, events. non- charilable trarfing activities. and the $e ol donate(J goods. expendilure on charitable aclivities includes all costs incurred by a charity in undertaking activilies Ihat further its charilable aims lor Ihe benefrt ol its beneficiaries. including those support SIS and costs relating to the govemance of Ihe charity apporboned lo charilable aclivilies. olher expenditure indudes all expenditure thai is neilher related to raising tvnds for the cljarty nor part of ils expendilure on charilable aclivities. All costs are allocated to expenditure categories rellecting the use ol the resoufce. Direcl costs attfibutable lo a single aclivity are allocated direclly to that activity. Shared costs are apporttoned betrween the activities they contribule to on a reasonable, Iusts"fiable and consislenl basis. Tangible assets Tangible assets are initially recorded al cost. and subsequently stated at cost less any accurnulated dgprecialion and impairmenl losses. Any langible assets carried at revalued amounts are recorded at the lair value ai ihe date of revaluation less any subsewent acGurnulated depreciation and subsequent accumulaled impaimlenl losses.
Bob Harte Memorial Trusl Company Limited by Guarantee Notes 10 the Financial Statements (conilnuedj Year ended 31 March 2023 Ac¢ounllng pollcles (conllnued) Tanglble assets {¢onllnuedJ An Increase in the Carrying arnount ol an asset as a resull of a revaluation. is recognised in olher recognised gains and losses, un18SS It reversès a charg8 for impairment that has previously been recognised as expénditure within the slaternent of financial aclivilies. A decrease in the carrying amount of an asset as a resuft of revaluation, is recognised iri other recagnised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown w(ihin olher recognised gains and losses ¢n the statement of financial a¢livilies. Depreclallon Depieciation is calculated so as to wriie off the cosl or valualian ol an asset, less its residual value, over Ihe useful eGonomic life of Ihat asset as follows: Freehold property Fixtures and fittings 20A straight line 10•A slralght line Impalrment ol flxed assets A review for indicalois of impairment is carrfed out al each reporting date, with the recoverable amount bein9 estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired eccordingly. Prior impaimienls are also r8viewed lor possible reversai at each rgporfing date. For the purposes of impairmenl lesting, when it Is not possibl8 lo estimate the recoverable amount ol an individual asset, an eslimale is made of the recoverable amount ol the cash. generating unit to which the asset belongs. The cash.generating unit is the smallest identifiable group of assets that includ8s th8 asset and generates cash inllows that lafgely independent of Ihe cash Inflows Irorn other assets or groups ol assets. For impairment tesling of goodwill, th8 goodwill acquired in a business combination is, from the acquisilion date, allocaled lo each ot the cash-generating units Ihat are expected lo benefit from the synergies of the combinab'on, irrespective of whether other asseis or liabilities of the charity are assigned lo those unils, Govemment grants GoveTnm8ni grants are recognised at Ihe fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance Ihat Ihe charity will comply with the condillons atlaching to Ihem and Ihè grants will be received. Where the giant does not imwso specified luture perfomiance-related conditions on the recipienl. it 15 recognised in income when the giant proceeds are received or re¢eivable. Where Ihe grant does impose specrfied future perlormance-related conditions on the recipient, it is recognised in Income only when the performan¢e-related conditions have been met. Where grants received are prior lo sa11sfng Ihe revenue recognition criteria, they are recognised as a liability. 10
Bob Harte Memorlal Trust Company Limited by Guarantee Noles lo the Flnanclal Statements f¢onflnuedJ Year ended 31 March 2023 Accounting pollci8s (Mnllnuod) Flnanclal Instruments A linanGial assel or a financial liability is recognised only when the charity becomes a party io the contractual provisions of the instrument. Basic financial instruments are inltialty recognised al the amount receivable or payable including any relaled Iransaction costs. Current assels and current liabilities are subsequently measured at Ihe cash or Olher consideralion expecled to be paid or received and not discounled. Debt instrumenls are subsequenty measured al amortised cost. Where investments in shares are publicly traded or their fair value can othernise be measured reliably, the inveslment is subs8quenily measured ai fair value with changes in fair vafue recognised in income and 8xpendilure. All other such investmenls are subsequenlly measured at cost less impairrnent. Other financial instruments. including derivatives, are inilially recognised al tair value. unless payment for an asset is defefred beyond normal LMJsiness terms or financed al a rate of interesl Ihal Is not a markel raie. in which case the assel is measured at the present value of Ihè luture payments discounled at a markel rale of inleresl lor a similar debt inslrument. Other linancial instruments are subsequentty measured al lalr valuo, wth any changes recognised in the statement of financial activilies. with the exception of hedging inslrumonts in a designated hedging relalionship. Financial assets Ihat are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objeclive evidence of impairmenl. an Impalrment loss is recognlsed under Ihe appropriate heading in ihe stalement of financlal activilies in which Ihe initial gain was recognised. For all equity insliumenls regardless of signiflcance. and olher financial assets Ihal are individually signilicanl. these are assessed individualty for impairmenl. Other financial assets are either assessed individually or grouped on Ihe basis ol slmilar credit risk characteristi. kny reversals of impairrnenl are recognised immediately, to Uio extenl that the reversal does nol result in a carrying amounl of Ihe financial asset thal exceeds whal Ihe carrying amount would havé been had the impairmenl noi previously been recognised. Llmlled by guarantee Bob Harte Memorial Trust is a company limiled by guarantee (restricled to £1 per lull mernberl and not having a share capital and is registered as a chaiity 11
Bob Harte Memorlal Trust Company Limited by Guarantee Notes to Ihe Flnancial Stslemen¢S (eonllnu•d) Year ended 31 March 2023 Donatlons and legacles Unrestricted TOL11 Funds Unrestricted Tolal Funds Funds 2023 Funds 2022 Donaiions Donalions 1,045 1,045 1,264 1,264 Grants Arts Council Ulster Scots Resilience Fund Deiry City & Strabane DC Government grant release 900 785 200 3,126 6,275 900 785 200 3,126 6,275 3,126 4.171 3.126 4,171 Charltable actlvltles Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Sale ol goodslservices as part of direct charilable aclivlties Reni receivable - Geoiges Streel 345 5,840 6,185 345 603 3,96S 4,568 603 3.965 4.568 6,185 Expenditure on charitable activ511es by lund lype Unrastricted Tolal Funds Unrestricled Tolal Funds Funds 2023 Funds 20r2 Charitable Activity Suppon Xists 8.896 718 8,896 718 10.199 701 10.199 701. 9,614 9,614 10,900 10,900 e. Expendllure on ¢harltable acllvllles by ac11v type Aclivitses undertakan directty Support cosis Tolal funds 20Y3 Tolal fund 2022 Charitable Activity 8,896 718 9.614 10.900 12
Bob Harte Memorial Trust Company Limited by Guaraniee Notes to the Financial Statements IMnllnuedJ Year ended 31 March 2023 Net Incomel(expendllure) Net incomellexpenthlure) is staled after chargingl{crediliTrJ): 2023 2022 Depreclaiion of tanglbl8 lixed assets 4,150 4,150 10. Independent oxamlnatlon lees 2023 2022 Fees payable 10 the indeperKlenl examiner lor: Independent examination of the financial slalemenls 588 588 11. Slaff eosls The total staff costs and employee benelils for Ihe reFQrting period are analysed as lollows: 2023 2022 The average head count of employees during the year was Nll (2022: Nil). No employee ieceived employee benefits of more than £60,000 during the year {2022'. NIII. 12. Trustee remuneraiion and expenses no remuneration or other benefits from employmenl wth Ihe charity or a related entty were received by Ihe Iruslees; 13. Tanglble tixed assets Freehold Fixlures and property littings Total Cosl At 1 Aprll 2022 and 31 March 2023 Depreclallon At 1 April 2022 Charge for Ihe year Al 31 March 2023 187,614 15,291 202,905 53,032 3,788 12,S11 362 65,543 4.150 56,820 12.873 69.693 Carrylng amou At 31 March 2023 130.794 134.582 2,418 2.780 133,212 137,362 Al 31 March 2022 13
Bob Harte Memorial Trust Company Limited by Guarantee Notes to the Financial Stalemenls (¢onllnuedJ Year ended 31 March 2023 14. Debtors 2023 2022 Prepayments and accrued income Olher debtors 87 129 1,638 1,638 218 15. Credllors: amounts lalllng due wlthin one year 21Y23 2022 Bank loans and overdrafts Accrva15 and delerred income 674 588 588 1.262 16. Credltors: amounts falllng due after more than one year 2023 2022 Accruals and delerred income Other credilors 94,031 38,039 132,070 97,157 40,323 137,480 17. Deterred Income 2023 2022 At 1 April 2022 Amount ieleased lo Inrne Amwnt deferred in year At 31 March 2023 109,661 (3.126) {12,504} 94,031 109.661 13.126) {9.378) 97.157 18. Govemmeni granis The amounis recognised in the financial statemenis lor governmeni grants are as foIlows: 2023 2022 Recognised in creditors: Deferred government grants due after more than one year Recognised in income Irorn donations and kgacies: Governfflent grants income 94.031 97,157 3,126 3.126 14
Bob Harte Memorial Trust Company Limited by Guarantee Noles to Ihe Financial Statements {¢onllnued) Year ended 31 March 2023 19. Analysls ol charltable tunds Unreslrl¢ied funds At 31 Mah 202 At 1 April 2022 Income Expendilure General lunds Fair value reserve 144 114 10.356 (9.614) 886 114 258 10.356 {9,614> 1,000 At 31 March 202 At 1 April 2021 Income Expenditure General funds Fair value reserve 201 114 10,843 {10,900) 315 10,843 {10.900} 258 15
Bob Harte Memorlal Trust Company Limited by Guarantee Management Information Year ended 31 March 2023 The lollowlng pages do not form part of the tlnanclal statements. 16
Bob Harte Memorial Trust Company Limited by Guarantee Detailed Slalement of Flnanclal Actlvltles Year ended 31 March 2023 2023 2022 Income and endowmenls Donallons and legacles Donations Arts Council Ulsler Scots Resillence Fund Derry City & strabane DC Governmeni grant release 1,045 1.264 900 785 200 3,126 6.275 3.126 4,171 Charllable aelovllleg Sale of goodslservices as part ol direct chaFilable activities Reni recèivable - Georges Street 345 603 3.965 6.185 4,568 Total Income 10.3S6 10.843 Expendllure Expendllure on ch8rllable actlvltles Rent Rates and watef ght and heat Repaits and maintenance Insurance Legal and prolessional fees Oepreciation Olher interest payable and similar charges General expenses Bank charges Prinling, poslage & stationery 500 500 467 914 1,940 770 588 4.150 1.421 13 100 37 215 1,030 4,150 1.369 26 104 9,614 10,900 Tolal expendlture 9,614 10,900 Net Incomel(expendllura) 742 157) 17
Bob Harte Memorial Trust Company Limited by Guarantee Notes to the Detailed Staiement ol Financial Actlvilies Year ended 31 March 2023 2023 2022 Expendllure on charltable activilies Charltable Aclivlty A¢tlvltle$ undertaken dire¢lly Rent, room hire & catering Rates & water Light & heal Repairs & maintenance Insurance Depreciation Interest payable and similar charges Printing, posiage & stationery 500 soo 467 914 1,940 T70 4,150 1,421 37 882 215 1,030 4.15Q 1,369 8,896 10,199 Support ¢o$ts Legal and protessional fees General expenses 8ank charges 588 26 104 588 13 100 718 701 Expendlture on charltable aetlvltle$ 9.614 10.900 18