COMPANY REGISTRATION NUMBER: N1054244 CHARITY REGISTRATION NUMBER: 101455 Bob Harte Memorial Trust Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 'Iiiiiiiii *AEIELMBW' 2911212025 COMPANIES HOUSE A17
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KEITH MCELHINNEY Chartered accountants 42A Clooney Terrace Waterside Londonderry BT47 6AP
Bob Harte Memorial Trust Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial 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 2025 The trustees, who are also the directors for the purposes of company law, present their report and the unaudiled financial statements of Ihe charity for the year ended 31 March 2025. Reference and administrallve detalls Registered charity name Bob Harte Memorial Trust Charity registration number 101455 Company registration number N1054244 Prlnclpal office and reglstered 18 Georges Street offlce Londonderry BT48 6RP The trustees Mr G Hepburn Mr D Moore Mr K Thompson MA Temple WF Carey (Appointed 18 February 2025} Independent examiner Keith McElhinney & Co. 42A Clooney Terrace Waterside Londonderry BT47 6AP Slructure9 governance and managemenl The charity is a company limited by guarantee, which was incorporated on 1 Olh March 2005. The company is governed by its Memorandum and Articles of Association, which were signed on 21st February 2005 on behalf of the first members of the charity. The charity is managed by the trustees, who are also the directors for the purposes of company law. They meet throughout the year in order to manage the activilies of the charity. They are elected by rnembers at the Annual General Meeting.
Bob Harte Memorial Trust Company Limiled by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conllnued) Year ended 31 March 2025 Objectives and activities The Charity's objects are:_ a) The advancement of education, learning and knowledge by: i) The establishment, maintenance and improvement of a Community Hall and heritage Centre in the Fountain district of Londonderry for the public exhibition, display and inlerpretation of documents, books, photographs, maps, artefacls and other items relating to the social, cultural, religious, political and economic history of the unionist community of the Fountain and of the Cty ot Londonderry (the "area of benefit") and thereby to promote interest in the past, present and future of that community., ii) Organising, promoting and presenting educational, artistic and cultural activities, including festivals, performances of music, drama, dance and poeiry, film shows and walking tours of the City; iii) Carrying out research into the social, cultural, religious, political and economic history, with particular reference to the twentielh century, and current situation of the Unionist community of the Fountain and of the City; b) Promote the value of cultural activity and motivate people at local level to proteci and consenie their cultural heritage., c) Provide leisure and recrealional facilities for the benefit and enjoyment of the public and in the interests of social welfare; d) Promote good community relations. including ihe facilitation of peace building initiatives, between the Fountain and neighbouring communities. The charity have paid due regard to guidance issued by the Charity Commission in deciding what activities the charily should undertake. Strategic report The following sections for achievements and performance and financial review form the stralegic report of the charity. Achievements and performance The Trustees are grateful tor the support offered by the Ulster-scots Agency and look forward to availing of further funding from a range of organisations, as we deliver workshops, programmes and tours once again. The trustees have undertaken to increase the membership of the Bob Harte Memorial Trust and are delighted wilh progress so far. Funding remains difficult. but with new members and the committee in place the Trust is hopeful that increased funding can be secured. Financial revlew The charity incurred a deficit for the year of £4,980 {2024- surplus £645) and at 31 March 2025 had net liabilities of £3,335 (2024: net assets £1,645)
Bob Harte Memorial Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conllnued) Year ended 31 March 2025 The trustees. annual report and the strategic report were approved on 12 December 2025 and signed on behalf of the board of trustees by: Mr K Thompson Trustee
Bob Harte Memorial Trust Company Limited by Guarantee Independent Examiner's Report to the Trustees of Bob Harte Memorial Trust Year ended 31 March 2025 I report lo the trustees on my examination of the financial statements of Bob Harte Memorial Trust {'Ihe charity,) for the year ended 31 March 2025. Responsibilities and basls of report As the trustees of the company land also its directors for the purposes of company law) you are responsible for the preparation of the financial stalements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('Ihe 2006 Act.). You are satisfied that the accounts of the company are noi required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinaiion of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the 2008 Act. Independent examiner's statement I have completed my examinaiion. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Acl. or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of Ihe 2006 Act other than any requirement that Ihe accounts give a 'true and fair, view which is not a matter considered as part of an independent examination; or the linancial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounls to be reached. Keith McElhinney & Co. Independent Examiner 42A Clooney Terrace Waterside Londonderry BT47 6AP 12 December 2025
Bob Harte Memorial Trust Company Limiled by Guarantee Statement of Financial Activities (includlng income and expenditure account) Year ended 31 March 2025 2025 Unresiricted funds Total funds Toial funds 2024 Note Income and endowments Donations and legacies Charitable activities 4,092 5,088 9,180 4,092 5,088 4,429 5,737 Total income 9.180 10,166 Expendilure Expenditure on charitable activities Total expenditure 14.160 14,160 9,521 9,521 14,160 14,160 Net (expenditure)lincome and net movement in funds (4,980) (4.980) 645 Reconciliation of funds Total funds brought forward Total funds carried forward 1,645 (3,335) 1,645 (3.335) 1,000 1,645 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The noles on pages 8 to 15 lorm part of Ihese linanclal slatements.
Bob Harte Memorial Trust Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Nole Flxed assets Tangible fixed assets 13 125,021 129,063 Current assets Debtors Cash at bank and in hand 14 143 468 140 1,279 1,419 611 Creditors: amounts falling due within one year Net current assets 15 468 468 143 951 Tolal assets less current liabillties 125,164 130,014 Creditors: amounls falling due after more than one year Net liabilities 16 128,499 (3,335) 128.369 1.645 Funds of the charily Unrestricted funds (3,335) (3,335) 1,645 1.645 Total charity funds 19 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relaling to small companies. Directors, responsibilities: The members have not required the company to obtain an audil of its financial staiements for the year in question in accordance with section 476: The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and Ihe preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. The statement of financial position continues on the following page. The notes on pages 8 to 15 fomi part of Ihese financial statements.
Bob Harte Memorial Trust Company Limited by Guarantee Statement of Financial Position (contlnued) 31 March 2025 These financial statements were approved by the board of trustees and authorised for issue on 12 December 2025, and are signed on behalf of the board by: Mr K Thompson Trustee The noles on pages 8 to 15 lorm part of Ihese financlal statements.
Bob Harte Memorial Trust Company Lirnited by Guarantee Notes to the Financlal Statements Year ended 31 March 2025 General information The charity is a public benelit entity and a private company limiled by guarantee, registered in N Ireland and a registered charity in Northern Ireland. The address of the registered office is 18 Georges Street, Londonderry, BT48 6RP. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting pollcles Basis of preparaiion The financial statements have been prepared on the historical cosl basis, as modified by the revaluation of certain financial assets and liabililies and investment properties measured at fair value through income or expendilure. The financial staternenis are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of esiimatlon uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other factors, including expectations ol future events that are believed to be reasonable under the circumstances. Fund accounling Unreslricted funds are available for use at the discretion of the irusiees to further any ol Ihe charitys purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commilment. Restricted funds are subjected to restrictions on their expendrture declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: resiricted income funds or endowment funds.
Bob Harte Memorial Trust Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting policies (contlnued) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity: it is probable that the economic benefits associated wilh the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants Is recognised when there is evidence of entitlement to the gift, receipt is probable and ils amount can be measured reliably. legacy incorne is recognised when receipt is probable and entitlement is established. income trom donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cosl to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it May be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expendilure includes any VAT which cannot be lully recovered, and is classified under headings of Ihe statemeni of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activlties, events, non- charitable trading activilies, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking aclivities Ihat further its charitable aims for the benefit of ils beneficiaries, including those support cosls and costs relating to Ihe governance of the charity apportioned to charitable aclivities. other expenditure includes all expenditure that is neilher related to raising funds for the charity nor part of its expendilure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the aciivities they Contribute lo on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value ai ihe date of revaluaiion less any subsequent accumulated depreciation and subsequent accumulated impairrnent losses.
Bob Harte Memorial Trust Company Limiled by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2025 Accounting policies (contlnued) Tangible assets (¢onllnued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the siaiement of financial aciivities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on Ihe statement of financial activities. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful econornic life of that assei as follows: Freehold property Fixtures and fittings 2•/0 Straight line 10 /• Straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where Ihe carrying value exceeds ihe recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing. when il is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generaling unit is the smallest idenlifiable group of asseis that includes the assel and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date. allocated lo each of Ihe cash-generating units that are expecled to benelit from Ihe synergies of Ihe combination, irrespective of whether other assets or liabilities ol Ihe charity are assigned to those units. Government granis Government grants are recognised at the fair value of Ihe asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-relaled conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. 10
Bob Harte Memorial Trust Company Limited by Guarantee Notes to Ihe Financial Statements Iconllnued) Year ended 31 March 2025 Accounting policies (conlinuedj Flnanclal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related Iransaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideralion expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments. including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest thai is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a markel rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in Ihe statement of financial activities, with Ihe exception of hedging instrumenls in a designaled hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairmenl at the end of each reporling date. 11 there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant. these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credil risk characteristics. Any reversals of impairmeni are recognised immediately, to Ihe extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Llmlted by guarantee Bob Harte Memorial Trust is a company limited by guarantee (restricted to £1 per full Member) and not having a share capital and is registered as a charity 11
Bob Harte Memorial Trust Company Limited by Guarantee Notes to the Financial Statements fcontlnued) Year ended 31 March 2025 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donaiions 417 417 703 703 Grants Ulster Scots Resilience Fund Government grant release 850 2,825 850 2,825 4,092 600 3,126 600 3,126 4,092 4,429 4,429 Charitable aciivilies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Sale of goodslservices as part of direct charitable activities Rent receivable - Georges Street 100 4,988 5,088 100 4.988 65 5,672 65 5,672 5.737 5,088 5,737 Expenditure on charilable aclivilies by fund type Unreslricted Tolal Funds Unrestricted Total Funds Funds 2025 Funds 2024 Charitable Activity Support costs 13,585 575 13,585 575 9,066 455 9.066 455 14,160 14,160 9,521 9,521 Expendilure on charilable aclivities by activity lype Aclivities undertaken direclly Support costs Total funds 2025 Total fund 2024 Charitable Activity 13,585 575 14,160 9,521 Net (expendilure)lincome Net (expenditure)lincome is stated after chargingl(crediting): 2025 2024 Depreciation of tangible fixed assets 4,042 4,149 12
Bob Harte Memorial Trust Company Limited by Guarantee Notes lo the Financial Statements (¢onlinuj Year ended 31 March 2025 10. Independent examlnatlon fees 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial statements 468 468 11. Staff costs The average head count of employees during the year was Nil (2024: Nil). No employee received employee benefits of more than £60,000 during the year {2024: Nil). 12. Trustee remuneration and expenses no remuneration or other benefils from employment with the charity or a related entity were received by the trustees" 13. Tanglble fixed assets Freehold Fixtures and property fittings Total Cost At 1 April 2024 and 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 187.614 15.291 202,905 60.608 3.788 13,234 254 73,842 4,042 64,396 13,488 77,884 Carrying amount At 31 March 2025 123,218 127,006 1,803 2,057 125.021 At 31 March 2024 129,063 14. DebloTS 2025 2024 Prepayments and accrued income Other debtors 60 83 140 143 140 13
Bob Harte Memorial Trust Company Llrnited by Guarantee Notes to the Financial Statemenls (¢onNnued) Year ended 31 March 2025 15. Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income 468 468 16. Creditors: amounts falling due after more than one year 2025 2024 Accruals and deferred income Other creditors 88.080 40,419 128,499 90,905 37,464 128,369 17. Deferred Income 2025 2024 Al 1 April 2024 Amount released to income 90.905 (2,825) 88,080 94.031 {3,126) 90,905 At 31 March 2025 18. Government grants The amounts recognised in the financial statements for government grants are as follows: 2025 2024 Recognised in Creditors: Deferred government grants due after more than one year Recognised in income from donations and legacies: Government grants income 88,080 90,905 2,825 3,126 14
Bob Harte Memorial Trust Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 19. Analysis of charilable funds Unrestrlcied funds At 31 March 202 Al 1 April 2024 Income Expenditure General funds Fair value reserve 1,531 114 9,180 (14,160) {3,449) 114 1,645 9,180 (14,160) (3,335) At 31 March 202 At 1 April 2023 Income Expenditure General funds Fair value reserve 886 114 10,166 (9,5211 1 ,531 114 1.000 10,166 (9.521) 1 .645 15
Bob Harte Memorial Trust Company Limiled by Guarantee Management Information Year ended 31 March 2025 The following pages do nol form part of Ihe linancial statements. 16
Bob Harte Memorial Trust Company Limited by Guarantee Detailed siatement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Donations and legacles Donations Ulster Scots Resilience Fund Government grant release 417 850 2,825 703 600 3,126 4,429 4,092 Charitable activities Sale of goodslservices as part of direct charitable activities Rent receivable - Georges Street 100 4,988 5,088 65 5,672 5,737 Total Income 9,180 10.166 Expendilure Expendilure on charllabl8 activltles Rent Rales and water Light and heat Repairs and maintenance Insurance Legal and professional fees Depreciation Other interest payable and similar charges General expenses Bank charges Lecture & facilitator fees 625 873 4.536 152 578 468 4.042 1.579 13 94 1,200 14,160 375 892 899 127 716 348 4.149 1,408 13 94 500 9,521 Total expendllure 14,160 9,521 Net (expendiiure)lincome (4.980) 645 17
Bob Harte Memorial Trust Company Limited by Guarantee Notes to the Detailed Statemenl of Financial Activities Year ended 31 March 2025 2025 2024 Expenditure on charltable activities Charitable Aclivity Activities undertaken directly Rent, room hire & catering Rates & water Light & heat Repairs & maintenance Insurance Depreciation Interest payable and similar charges Lecture & facilitator fees 625 873 4,536 152 578 4,042 1,579 1,200 375 892 899 127 716 4,149 1.408 500 13.585 9,066 Support costs Legal and professional fees General expenses Bank charges 468 13 94 348 13 94 575 455 Expenditure on charitable aclivllies 14,160 9.521 18