CONWAY MILL PRESEI RVATION TRIIST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2018
{ A COMPAPIY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
COMPANY REGISTRATION NUMBER N1037461
CHARITY REGISTRATIOIY NUMBER NIC 101569
O'HARA SHEARER
CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS
547 FALLS ROAD
BELFAST
BTII 9AB

CONWAY MILL PRESERVATIOP4 TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE Y1< AR ENDED 30TH NOVEMBER 2018
COIYTENTS
Page
Members and Professional Advisors
Trustees Annual Report
(includtng the Statement of Trustees Responsibilities
in respect of financial slatemcnts)
Report of the Independent Examiners to the Tivstees,
Accounting Policies
9-11
Statement of Financial Activities (incorporating the income and expenditure accour
12
Balance Sheet
13
Notes to the Financial Statements
14-19

CONW AY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMETr4TS FOR 'fHL YEAR ENDED 30TH NOVEMBER 2018
OFFICERS AND OTHER INFORMATIOIY
Director8
Sarah Brennan
Jane Bui'ns
Andrew L)onnelly
Registered Office
The Mill
5-7 Conway Street
Belfast
BT13 2DE
Independent Kx2miners
O'Hara Shearer
Chartei'ed Accountants
and Statutory Auditoi's
547 Falls Road
Belfast, B Tl19AB
Solicitory
Delaney & Co. Solicitoi
54 Andersonslown Road
Belfast
BTI19AN
Banliers
Danske Bank
Business Banking
PO Box 183
Donegall Square West
Belfast
BTI 6JS
Compally Registration Number
Nl 037461
Charity Commission Northern Ireland
NIC 101569
Charity Registrxtion Number
XR 35921
Page I

Conway Mill Preservation Trust Ltd.
Trustees, Annual Report
From I" December 2017 . To 30, November 2018
Charity no. 101569
Date registered. 2710812015
Bac
The Conway Mill Preservation Trust Ltd. was established In 30-11-1999 with the alm of preservingi
protectlng, and restoring the mill complex for the beneflt of the inhabitants of Belfast and of West
Belfast in partlcular. Its main functions are,. Overseelng the restoration of Conway Mlll,, En5urlng that
the buildlng's hEritage Is preserved for future generatlons: Developing projects and mediums
thiough whith visitors, from near and far, can interpret the building5 and the social history of the
linen industry and Belfast., Organising event and tralnlng related to local heritage preservation;
MaintaSnln8 the buildings and slte and documenting all works.
After an extensive refurblshment, Itompleted In 20111, the Mlll is now one Belfasvs best preserved
and most irnportant historical buildin8s. It provides a unlque multi-functional space, atthe same time
preservlng the local Industrial heritage and history of the area. The mill comprises: Two main blocks
Ilnked by a 8lass roof with an inner Courtyard; car parks to the front and rear of the complex. Facilities
within the Mill Complex include.. Disability access; 53 Business units, Hlgh speed Wi-Fi connection,.
Service1Sfts,' Toilet facillties,. Free onsite parking as well a5 available street parking.
The Conway Mill Is one of the last remaining Mill sites in Belfast, and the only one in West Belfast,
whl¢h is community-owned. In economlcally devastated West Belfast the Trust recogni5es the need
for local tommunities to maintain ownership and eofitrol of assets and resources which can be used
to pyovlde opportunities for people to become artive players in the local economy and to improve
their quality of Ilfe.
CMPT Charitable r)b'ectives are..
To preserve for the benefit of the Inhabltants of Belfast and In particular of West Belfast whatever of
the hlstorical, archltectural and constructural herltage may exlst In and around the Conway Mill
Complex in the form of buildlngs of particular beauty or historical, architecturhl or constructionol
Interest.

ServlclnE of Lifts was also completed
All gas bollers were services and ¢ertifSed
Facilitatlon of business develo
ment
The CMPT offers affordable rental units that provlde the essential space for business
development and growth. The direct Impact is lowefed employment rates lotally. Our Tennant
body is drawn for the broad Belfast base and further afield. This raises the profile of the West
Belfast neighbourhood and promotes inclusion, innovation, creativity and entrepreneurship. 53
business units are presently oetupied wlthin the two maln Mill blocks. Tenants comprise..
Architecture & Design,. Arts & Crafts; Community organisations, EngineerinBI Hospitality.
Insurance. Music, Media and Productlon,, ICT; Tourism and Lelsure,. Legal.
Promotion of educational o
ortunities
Facilitation of local and internatlonal students via tours of the complex are on-goin. Students of
archltecture, engineering, history and international studies are generally among the beneficiarles.
Local schools, theatre companies, local artists, heritage bodles and museums have all been
provided with Space for exhlbltiontr performance, workshops, film and documentary and outreach
each attracted visitors to the Mill from across the city and beyond.
Develo
economic o
ortunities
The Trust has been advised to Instruct our sollcitor to draw up a formal 'Deed of Release, to be
submitted to DEtI to enable the executSon of an order to clear a Charge from the tltle deeds In
Companies Registry. This work is ongolng.
Identlflcation of three new business venturès will contribute to the preservatlon of the complex
Creation of a Museumlshop wlll provlde the local communlty wlth a focal polnt for Informètlon
on the Mlll and its history and will provide an otjtlet for the Artists at the Mill to sell creatlve
pleces.
The developmènt of resources for the Atrium space will enable the delivery of a selettion of
events/functlon th3t will draw people to the Mill and ralse the praflle of West Belfast.
Cr)ntributlng to the local economic regeneratlon.
Plans for buslness Incubatlon workspaces will create more opportunltles for start-up business
remain's In place.. As one of our new business modelg, achieving this goal will beneflt local
entrepreneurs, promote employment locally and generate Income for the Mlll that can be re-
invested back into the complex.
Promote Tourism Ioc211
Discusslons with Failte Feirste Thair and the Belfast Welcome Centre has been Initiated and the
Trust is Èxploring the development of the Llnen Quarter in Belfast City with a view to developing
linkages to any future tourlsm trails.
Im
roved health and wellbein

A statement of the maln
ur
Oses as defined b the charlt
commission is..
The advancement of environmental protection or Improvement.
Whodo we help
Tenants
Voluntaryand community sector
Interface tommunities
Students
Ethnic minorities
Speciflc areas of deprivation
Howdo we dothis:
The refurbSshment of the two main blocks within the Mill complex has provided great benefits to the
area. The board of Trustees continues to work to..
Tackle dereliction
Facilltate business development
Promote educational opportunities
Develop economic opportunities
Promote Tourism locally
Improved health and wellbeing for the people of the area
Haw DO THE5EAcfiviTIES PROVIDE A BENEFIT?
During thè period 1st December 2017- 30 NDvember 2018 the Conway Mill Preservation Trust
provided the followlng seyvlces:
Tackle dereliction:
Installatlon of LED Lights in all corrldors, landings and shared spaces was undertaken by the Trust.
Replacement of lights in these areas has greatly Improve to light tone and helped ieduce running
costs.
Work continues by the Board to develop the 3 new buslness models outlined in our previous
report. A focus on resourcing the Atrltim for functions that will enable, seminars, conferences,
weddlng5 and other events is underway.
Development of the Attic space and the Drylng room remalns a priority but they are more1ong-
term projects.
Audlts completèd Include..
Fire Rlsk assessment by B Mcclarnon, Belfast;
Ecclestical Marsh Insurance Health and Safety audit.

During this reporting perlod the Trust has facilitated the followlng groups through the use of unlts
and other space5 for the delivery of arts. eommunity informatlon services, eounselling and
intervention services, edutatlon and training. The following is a list of organisations who
benefited: IPIPS, Foodbank, Tree of Life, CTRIM, John Bosco A8C,' SIP; CEC,. MENI; AMPS- Tar
Anall,. AA;)
Private benefit..
Thi5 is no prlvate benefit.

DECLARATION
The trustees declare that they have approved the trustees, report above.
Sl8ned on behalf of the charltws trustees
Signature
Full Name{sl
Position
DATE

COf+4WA Y MILL PRESLI RVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2018
TRUSTEES, ANNUAL REPORT
STATEMLI N'f OF TRUSTEES, RESPOYR SIBILITIES
The trustees, are responsible for preparing the TI￿SleeS, Report and the financial slatements in
accordance wiih applicable law and regulations.
Company Law rryuircs thc trustees, to prepare financial statements for each financial year.
The Truslees, who are also directors for the puiposes ofrompany law, present the&r report and the
financial statements of the charity for the year ended 30th Noveinber 2018. The Trustees confii'm that they
comply with the requirements of the Charities Act (Northern Ireland) 2008 and Accounting and Reporting
by Charities: Statement of Recommended Practice which applies tt) charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 102) (effective l January 2015).
Under company law the dii'ecloi7 must not approve the financial statements unless they are satisfied
that tliey give a true and fair view of the state of affait3 of the company and of the surplus or deficit of
the company for that period. In preparing those financial statements, the directoi's are rcquircd to:
select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent,.
pKpai-e Ihc financial statemenls on the goiiig concern basis unless it is inappi'opriatc to
pi'esume that the company will continuc in bu5incss.
The directors are responsible foi. keeping adequate accounting records that are sufficient to show
and explain the rompaT]y'5 transactions and disclose with reasonable accuracy at any time the financial
positioll of the company and enable them to ensure that the financial statcments comply with the
Companics Act 2006. Thcy are also responsible for safeguarding the as£et8 nf the cnmpany and hence
for takiiig reasonable steps for the prevention and d¢tection of fraud and otliei. intgulai'ities.
In so far as the directors are aware:
there is no i'elevant information of which the company's independent examinei. is unaware. and
- the directors have taken all steps that they ought to have taken to make themselves aware
of any Lrlevant information and to establish that the independent examiner is aware of Ihal inform£ttion.
By order ofthe board:
JANE BURNS
DlliEC'foR
SARAH BRETr4NAN
DIRECTOR
4VI
ANDREI W DONNELLY
DIRECTOR
DATE 22nd Au
ust2019
Page 7

CONWA Y MILL PRESERVATION TRUST LIMITED
FINANCIAL 5TATEMF,NI'S
FOR THE YEAR fNDED 30TH NOI'EM
201
Inilependtnt Ex*miJJer's Report to ihe Ti'ustee5 of Conw*y Mill PrÈ$Èrv*tioh Trtsst Limlttd
I report lo Iht Irusttes on iny ex8Jninatson of Ihc finanGial 5tal¢rDEnts of Conway Mill Pr¢3ervation Tvugt Limited
for the year ended 30th Yovernbci. 2018.
Responsibilitie5 b4515 of report
As Ihe Iw51ees ofihe cliaTlty (4nd a150 Lls dirwlors for thc PUTW)SG5 of Gompany13w) you are re5pDn5ible for th¢
pi.ep￿'aI10n ofihe financial slalemetlls in acwrdancc with the requirem¢nt5 of th¢ Cotnp&ni¢s Art 2006.
Having 3alislitd myself tbal the flnancial slatem¢nts of the Charity ar¢ not required to be uudileil under Part 16 of
thc Companies Act 2006 and eligible for ind¢pendent ¢xamin&lion. It 15 my Tesponsibilily 10..
examine thc accounts 3¢dion 05 of th¢ Charttie8 Acl 04orlhertt Ireland) 200¥.
follow th¢ proccdurcs laid down in th¢ E¢tt¢ral Ditreelion8 given by Ihe Charity Commission for
Northern Ireland under section 65(91{b) of Ihe Charities Att,. artd
stale whether particular tnalters hav¢ wm¢ ¢0 my aitention.
Bisi$ of indepétkdottt examinèr's report
I hav¢ ¢xamiD¢d your ¢hArity account8 as required under s¢clion 65 of the Chai'itie5 Act and my exatnin41ion w8$
arri¢d out ill a¢ord&nce wilh the genei81 Diiection8 given by the Charity Commission for NoTiheiTr Ireland
nd6r 5EGiion 65191(bl of Ihe ch￿illeS Act. The cxamination included a review of tli¢ accounting ircords kwt
by th¢ chgrity and a ¢omparigott of the aecounls pre5cnted with th05¢ r¢coi'ds. It also includes con5ideralion of
atly UnU5uqI it¢m5 or di%closureg in the accounts, and seeking cxplanarions from you as char*ty tru51ees
on¢crning any 5uGh tnstt¢r%.
I have cotnpl¢led my examtnalion. I ci)nfJrm thai no matters have come lo my attention COnn￿lI0n with the
ex&minatTron givirtg n)e cause io believe that in any maierial respect:
l. Th&t &ccouniing recoids were not kept in awordan¢¢ with %ection 386 of Ihe Comparties Ati 2006. or
2. That Ihe fin&nLidl xldlcfflcnls du Iiul dCWI'd willi Ihosc a¢cout)ling r￿ordS or
3. Th&1 Ihe f&n&ncial statements do nol cotnply wilh the accollrtting reqU￿eMentS of seciion 396 of the
Compttnies Act 2006 other than any requirem6nt that the fin8neial si&temenis give a irue and fair vicw which is
not a matt¢r mnsidered as parl of an indepsndent examinat¥on' or
the fjnancial 5tatcm¢nls have not been pr¢paTcd in accordance with th¢ m¢thod% principles of Ihe
SiateTnent of Rc￿￿￿Cndcd Pr&cli(* for accoLEnt&ng and reporting by chaTiti¢s applicabl¢ to charities pYep&ring
their accounE5 in accDrdancc with the Financial Rcporting Standard appliGable in the UK and Republic of
IT¢lalld IfRS 1021
Indepe￿dent exAminer s statement
I have CQTnplc(ed tny cxamination and have no conccrn5 in Irsptct of the m?tt¢Ys {[) 10 {4) lisied above and, i
onn¢clion with followin8 Ihc Dir¢¢lions of the ch￿ity Comniissioll for Noithern Ireland, I have found no
ma
(hat requÈre drn
ing to your attenlion.
LAWRENCE SHEARER F.C.A., Senior Stfitutory Auditoi.
FORANDON BEIHALF OF OIHAiL4SHEARER, Stmlulury Auditor
O'HARA SHEARER
CHARTERKD ACCOUNTANTS
AND STATUTORY AUDII'URS
547 Fa115 Road
Belfast
BTI 19AB
Dated: 22nd August 2019
Page 8

CONWAY MILL PRLSLKVA'I'ION'I'IlUS'f LIMITED
FINANC.IAL STATEMENTS
FOR THE YE< AR ENDED 30TH NOVEMBER 2018
STA TEMENT OF ACCOUNTIN
POLICIES
Accounting Convention And Basis of Accounting
The finanuial st￿teMen18 have been pi'epared under the historical cost convention.
The financial statemen15 have been prepared in accordance with Jiccounting and Reporting by Charities..
Statement of Recon]mended Practice applicable to charitie5 preparing thcir accoiinls in accordance wilh
the Financial Reporting Standard which applies in the UK and Republic of li'eland (FRS 102)
(effective l January 2015) - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
ReeDnciliation with previous Generally A¢¢epted Aceounting Practice
In prepariiig the accounts, the direeioi's Iiave considered whether in applying the accounting policies
required by FRS 102 and the Charities SORP FRS 102 the i'estatement of comparative items was
required. No restatement5 were required.
Going Contern
At the time of approving the financial statements. the trustees, have a reasonable expectatif)n that the charity
has ad¥quate resources to continue in operational existence for the foreseeable ￿ture. Tlius the ti'ustees,
continue to adopt the going ¢on¢ern basis of accounting in preparing the financial slatcments.
In¢om¢ Recognition
Income is recogni5ed when the Charity has entitlement to the funds, any performance conditions attached
to the item(s) of income have been met, it is pi'obable that the income will be received and the amount
aTh be measured reliably.
Interest Receivable
Interest on funds held is included when receivable and the amount can be n]easured i'¢liably' this is
nonnally upon notification of the interest paid or payable by the Bank.
Resourees Expended
All expenditure is accounted for on an accruals basis and is classified under headings that aggi'egate all
costs related to the category.
Fw]draising costs include the costs of advertising, pi'oducing piblications, printing and mailing fundi'aising
material, and staff costs in these areas.
Costs of charitable activities include direct expenditure incurred through opei'ational activities.
Governance costs r¢present the cosls associated with the governance aiTangements of the chai'ity which
relate to the general running of the charity as opposed to those costs associated with fundraising or
charitable activity.
Fixed Assets
All tangible fixed assets are recorded at cost.
Page 9

cor4WAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2018
STATEMENT OF ACCOUNTING POLICIEI S
Conlinued
Depreciatio
Depreciation 15 Calculated to write off the cost of fixed assets ovcr theii. estimated useful lives
at the following rates..
Land and Bulldings
O % residual valuc
Repairs and Renewals
All repaii's and irncwals are written off as incurred
Pension Cost5
The charity does not currently operale a pension scheme.
Debtors and Prepayments
Trade debtors and other debtors are recognised at the settlement amount due after any discount offei'ed.
Prepayments al'e valued At the amount prepaid net of any tradc discounts due.
Creditors and Provisions
Crcditors and provisions are recognised whcre the charity has a pr¢s¢nt obligation resulting fi'om a past
¢vcnt that will probably result in the Iransfcr of funds to a third party and thc amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions al'e norinally recognised al
their settlement amount after all0￿11ng foi. any tradc discounts due.
Finanf ial Instruments
The Cliarlty only has financial assets and finanLial liabilities of a kind that qualify as basic financial
instruments. Basic financial instiuments are initially re¢ognised at transaclion value and subsequ¢nily
mca8ured at iheir settlement value with the exception of bank loans which are subsequently measur¢d at
amortised cost using the effective intercst method.
Forei%n Currencies
Monetairy asscts and liabilities in foreign currencies are translated into sterling al the rates of exchang¢
ruling at the balance sheet date. Transactions in foreign currencies are translated into 51¢rling at the rate
of exchange njling at tlie date of the transaction. Excliange differences are taken into account in arriving
at the net movement in funds.
Page 10

CONWAY MILL PKESbKVA'I'ION 'I'RUST LIMrrED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH I*OVEMBER 2018
STATEMENT OF ACCOUNTINC POLICJES
Fund Aecounling
Unrestricl¢d funds are general funds that are available for use al the Trustees, discretÉon in furtherance of
Ihe objectives of the ¢hai'ity.
Designated fijnds aTe unrestricted funds set aside by the trustee5 Out of uniestricted funds for specific
futuir purposes.
Restricted funds are those gÈven loi use in a paiticular area ot for specific purposes, the use of which is
r￿tI.1¢t¢d io that area or purpose.
The in¢ome Ir¢eived from funders depends on the charity meeting detailed ciitei'ia on expenses plans.
Grants given under such conditions also given subject to them beiiig obtained for in connection with IhE furthETance ofthe
harity's aims and objectives.
Such income can be repayable lo the fund¢r Tf such expeTr5￿ plan5 and criteria ar¢ not met.
Such incoine is only deferred when th¢ donor speoifie% that the grantldonation must only be used in future accounting periods.
or the donor has imposcd conditions which must be met before ihe charity has unconditional Entitlement.
Income from ¢haritable activities includes income re￿iVed under contract OT where entitleinent to gyant fundingy is subj¢¢t
to specific perfom]aiice ¢ondiliuns is recognised as earned a5 the related goodQservices are provided.
Grant illcome includd in this category provides funding to support performance activities and is recognis¢d where
there is entill¢tnent, certainty of receipt and the amount can b¢ measured with surricient reliability.
Incom¢ is deferred when.. feedperforniance related gi'ants ar¢ I'eceived in advance of the p¢rfonnanc&levenl to
which ihey relate.
Reserves Policy
Unrestricted funds 8r¢ needed io provide funds which can be applied to specific projects to enable
these proj￿1$ lo bt undcriiiken at short notice and to cover the rutming costs of the Charity for a limited
period, should there be a slgnificant shoitfall in proj¢ct¢d in¢om¢.
Pagell

COYWA Y MILJ. PRESERVAI'IOY TRusf LIMI'J'LI D
INAliC.IAI. AC.TIVITIFS
FOR TIIE YEAR ENDIID 30TH NOVEIMBER 2018
TF.Mfi.NT
1￿COr
oralin
the illCDEnt lliid Èx
Unr¢stri¢ted R¢$lritl¢d Endow￿￿¢￿1 TO'I'AL
Funds
20111
TOTAL
2017
INCOME ANDENDOWNMENTS FROM..
Donations and legdcies
Ineome from invesim¢tt
In¢orn¢ from Ch￿ilable dclivilies
Jn¢oTll¢ ftom other iFllding aciivklies
48,256
148,256
140,006
TOTAL INCOME AND ENDOWNMI.N'I'S
148273
148 273
I4￿,015
EXPENDITURE ON..
Expeodiluie oll raising funds
Expenditure on chariloble aclEvilies
Other expendinjre
Net gainsl(losse$l on irtvts¢I￿llIs
128.786
128,786
109,302
TOTAL RESOURCES EXPEIYDED
128,786
128.786
109,J02
NEf INCOMEIIEXPENI)ITVllbl
19,487
19,487
31J,713
Transf¢ts b¢tiv¢¢n fvnds
NKr hfoTrTt+lENTIN FUNDS
19,487
19,487
311,713
RECONCILIATIONOF FUNDS
TOTAL f4UNDS BROUGHI. FORWARD
3.123¥9S
3 123898 3093 185
TOTAL FUNDS CARRIED FORWARD
3.143 385
3 143J85 3 I23￿98
Tlie Statemenl of Trinanclal ActlvlllES In(l￿deS all gRiD5 and IDsse5 111 the yEaT X]td th¢r¢(or¢ a
Stalemtnt of Total RtcDg¥iiised Gain¥ has Dot b¢¢n pr¢pii'¢d
All of lh¢ above amou¥Jt¥ r¢l4t¢ to Cfjnflnulng ac¢lvltk5
ThE ntCDIUPAnylngiEcountlUg PDliriE5 IhEnoIES f*irN Plrt D(th¢5e fin*n¢lil¥tAt¢thènlg
Pllge 12

CONWAY MILL PRESERVATION TRUST LIMITED
BALANCE SIIEEI T
AS AT 30TH NOVEMBER 2018
2018
2017
NOTES
FIXED ASSETS
Tangible assets
3.603.455 3,603,455
CURRENT ASSETS
Debtors and prepaymeiits
Cash at bank
Cash on deposit
Cash hand
10
600
16,398
17,660
17,660
16.998
Creditors: #mounts falling due within one year
{4,587)
(6.555)
NET CURRENT ASSETSI(LIABILITIES)
13.073
10,443
TOTAL ASSETS LESS CURRENT ASSEI TSI( LIABILITIES )
3,616,528 3,613.898
Creditors: amounts falling due after more than one year
12
(473,143) (490,000)
NET ASSETSI(LIABILITIES)
3,143,385 3.123,898
FUNDS:
ENDOWNMENT FUP4DS
UNRESTRICTED INCOME FUP4DS
13114
RESTRIcfii D INCOME FUNDS
13115
3,143,385 3,123,898
3,143J85 3,123,898
These fiiiancial statements were approved by the Trustees on 22nd August 2019
and are signed oil their behalf by..
SARAH BRENIYAN
DIRECTOR
ANDREI W DONNELL
DIRECTOR
DATE 22nd Au
ust 2019
DATE 22nd Au
st2019
The accompanying Hccounting pollcie$ and note$ form part of these fillanei#l stAtemen¢s
Page 13

NWA Y MILL PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED30TH NOVEMBER 2
Is
I. DOIYATIONS AND LfiGACIES
Uttrestricted Restricted
FuJds
Funds
Uiirestricted Re5tricfed
Funds
Funds
2018
2017
Donaiions
Le¥aiics
2. INCOME FROM INVESTMENTS
Unre5ti'icted Re51TUfted
Funds
FDMds
Uijrestritted Restritfed
Fund5
Funds
2018
2017
Income from UK listed investments
Incojnr from
17
17
17
3, INCOME FROM CHARITABLE ACTIVITIES
Uiirt51ricttd Restricted
FLLnds
Fumds
UDI'e5tricled Restricted
Fund5
2018
2017
Rent rcceivablt
Conway Stiret cornm￿nItY Enterprises Projeci Limited
138.256
10,000
138,256
lo,￿0
117,777 117,777
22229
22,229
148,256
148,256
140,006 140,006
4. INCOME FROM OTHER TRADINC ACTIVITIES
Unrestrieted Restrict¢d
Fund5
Unrestrltttd Restl'LCttd
Ftsnds
Funds
2018
2017
Fundraising
Page 14

CONWA Y MILL PRESERVATION TRUST LIMITED
NOTES T
THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2018
5. [IXPENDITURE ON RAISING FVNDS
un￿strIcted Restricled
FuDds
Funds
UniY5ti'icl¢d Re5trictcd
Fuiid5
Funds
2018
2017
Promotional and fundraising ¢ost5
6. EXPEIYDITURE Oly CHARITABLE ACTJVITJES
Unrestricted Restricted
Funds
Fulld5
Unrtstriettd Restrieled
FuAds
Fuilds
2018
2017
Wages and salarie5 {S%t4ote 81
Social security costs {Se¢ liote 81
Repoirs and office maintenance
Prinring, posiage and stationery
Sundry expenses
13,094
149
586
13,094
149
586
9,141
380
463
380
463
13.829
13,829
9,984
9.984
Support Costs and CovtrnaMc¢ t05ts
Light and h￿t
1'elephone and irtiemet
Water rates
In8ui?nce
Accountancy fee5
Other professÉonal f
Loan inteiEst
Bank in1￿￿5t and chaTg¢S
62.394
62,394
49.876
206
11.640
11.407
990
,500
23,500
199
49,876
206
11,640
EI,4U7
990
1,500
23,500
199
13.674
14.328
I,250
13,674
14,328
1,250
23,095
216
23,095
216
114,957
114,957
99J18
99,318
TOTAL EXPENDITURE ON CHARITABLE AcfiviTIES
128,786
128,786
109J02 109,J02
Page 15

CONWAY MILL PRESERVATION TRUS'I. LIMI'I'ED
NOTES TO THE FINANC.IAI, STATEMENTS
FOR THE YEAR ENDEI D 30TII NOVEMBER 2018
7. NET (OUTGOING)/ INCOMING RESOURCES FOR THE YEAR
This is stated after ¢hargingl(erediting)
2018
2017
ndcpendent examiners remun¢ration
D¢preciation
1,250
990
8. SALARY COSTS AND EMOLUMENTS
2018
2017
Total staff costs were as follows..
Wages and salaries - key management personnel
Wages and salaries - other staff
Staff pension Costs
Employer social security costs - key management personnel
Employer social security costs - other staff
Employer social security costs - Employment Allowance
The average monthly number of employees during the year was as follows..
2018
2017
No employees had emoluments in excess of £60,000 (2017.. £Nil}
Trustees, remuneration and benefits
There was no Itvstees, remuneration or other benefits for the yeai. ended 30tli November 2018. (2017.. £Nil)
Trustees, Kxpense5
There were no trustees, expenses paid for ih¢ year ended 30th Novernber 2018. (2017.. £Nil}
Page 16

CONWAY MILL PRESERVATION TRUST LIMITFD
NOTES TO THE FINANCIAL 8TATF.MF.NTS
OR THE YEAR ENDED 30TH NOVEMBER 2018
9. TANGIBLE FIXED ASSETS
Land
and
Buildings
Total
COST
As at I st December 2017
3,603,455
3,603,455
Additions
Disposals
As at 30th November 2018
3,603,455
3,603,455
DEPRECIATION
As at 1st December 2017
Charge for year
Eliminated on disposal
As at 30th November 2018
Net book value 2018
3,603,455
3,603,455
Net book value 2017
3,603.455
3,603,455
The land and buildings, stated at cost, relate to the Conway Mill Complcx situated at, The Mill. 5-7 Conway Street,
Belfast, BT13 2DE.
According to the terms of a Letter of Offer issued by the Department of Enterprise, Ti'ade and Inv¢stment on
18th S¢ptetnb¢r 2009, the Department's five ycai. Control Period expired on 16th June 2016 being the fifth
anniversary of receipt of all pre-completion conditions.
With effect from 16th June 2016 therefore, the Conway Mill Preservation Trust workspace development project is
no longer bound by th¢ D¢partm¢nt's L¢tter of Offer.
Legal Charge
A legal charge was taken out on the property on 20th Januaiy 2012, as the Control Period expired on 16th June 2016
it will be n¢¢¢ssary foi. Conway Mill Pi'cservation Ti'ust Limitcd to have a formal "Deed of Release drawn up
and issued to ilie Department of Enterprise. Trade and Investment for execution in order to clear Ihis charge from
the title deeds.
The directors, have arranged with the charity's solicitor to diEw up A formal Deed of Release for approval of,
and execution by thc Dcpartment of Enterprise, Trade and Investment.
Page 17

CONWAY MILL PRESERVATION TRUST LIMITED
NOTfi.S TO THf. FINANCIAI. STATf,MF,NTS
FOR THE YEAR ENDED 30TH NOVEMBER 2018
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018
2017
Debtors
Prepayments
600
600
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018
2017
Social security costs and other taxes
Acc￿ed exp¢nscs
Loan - The Architectural Hei'ita¥c Fund
2.592
1,995
2,772
3,783
4.587
6,555
12. CREDITORS: AMOUTrUS FALLING DUE AFTER ONE YEAR
2018
2017
Loan - The ArcliitecturAI Hei'itage Fund
473,143
490,000
473,143
490,000
This loan r¢lat¢s to a mortgage deed crcated 7th November 2008 betweeii Conway NIill Preservation Trust
Limited and The Architecthrnl Heritage Fund. The principal sum was £500,000.
13. MOVEMENT IN FUNDS
O￿nIng Net Movement
Balance
in Funds
2018
2017
Unrestricted Inetsm¢ Fuiid8
G¢neral fund
Opening Net Movement
Balance
ill Funds
2018
2017
Restricted liieome Funds
Building fund
3,123,898
19,487 3,143,385 3,123,898
3,123.898
19,487 3,143,385 3,123,898

CONWAY MILL PRESERVATION TRUST LIMI ITED
NOTES TO THE FINANCIAL STATEMENTS
FOII THE YEAR ENDED 30TH NOVEMBER 2018
14. UNRESTRICTED INCOME FUNDS
2018
2017
Balance at 1st December 2017
Incoming resources foi. Ihe year
Resource5 expended for tlie year
Balance ai 30th November 2018
15. RESTRICTED INCOME FUNDS
2018
2017
Balance at 1st December 2017
3,123,898 3,093,185
Incoming resources for the year
Resources expended for the year
148,273
140,015
(128.786) (109,302)
Balance at 30th November 2018
3,143,385 3,123,898
16. LEGAL STATUS
Conway Mill Preservation Trust Limited is a Company Limited by Guarantee. Each mernb¢i' has agired to
contribut¢ £1 in the event of a compu15O1y wii)ding up.
Conway Mill Preservation Trusi Limited is a recognised Charity within the definition
of Section 360(3) Income and Corporation Taxes Act 1970 by the Con]inissioners of the Inland Revenue.
Conway Mill Preservation Ti'ust Limited is a Charity registered wilh Tlie Charity Commission for
NortheTn Ireland Charity Number 101569. Date of Registi'ation 27th August 2015.
Page 19