CONWAY MILL PRESERVATtON TRUST LIMrrED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023
( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
COMPANY REGISTRATION NUMBER N1037461
CHARITY REGISTRATION NUMBER NIC 101569
O'HARA SHEARER
CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS
547 FALLS ROAD
BELFAST
BTII 9AB

CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023
CONTENTS
Page
Members and Professional Advisors
Trustees Annual Report
{includin(y the Statement of Trustees Responsibilities
in respect of financial statements)
Report of the Independent Examiners to the Trustees,
Accounting Policies
9-11
Statement of Financial Activities (incorporating the income and expenditure accoun
12
Balance Sheet
13
Notes to the Financial Statements
14-19

CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023
OFFICERS AND OTHER INFORMATION
Directors,
Jane Burns
Andrew Donnelly
Moya Hinds
Michael Graham
Registered Office
The Mill
5-7 Conway Street
Belfast
BT13 2DE
Independent Examiners
O'Hara Shearer
Chartered Accountants
and Statutory Auditors
547 Falls Road
Belfast, BTI19AB
Solicitors
Delaney & Co. Solicitors
54 Andersonstown Road
Belfast
BTII 9AN
Bankers
Danske Bank
Business Banking
PO Box 183
Donegall Square West
Belfast
BTI 6JS
Company Registration Number
Nt 037461
Charity Commission Northern Ireland
NIC 101569
Charity Registration Number
XR 35921
Page I

Conway Mill Preservation Trust
Limited.
Trustees, Annual Report
From I" December 2022 -To 30 November 2023
Cl)arity Nic. 101569
Date reElStered. 27/0812015
BiicII
rolind
The Conway Mill Preservation Trust Limited was established in 30-11-1999 with the aim of
preserving, protecting, and restoring the mill complex for the benefit of the inhabitants of Belfast
and of West Belfast in particular. Its main functions are- Overseeing the restoration of Conway Mill;
EnsurinE that the building's heritage is preserved for future generations; Developing projects and
mediums through which visitors, from near and far, can interpret the buildings and the social history
of the linen industry and Belfast., Organising events and training related to local heritage
preservation. Maintaining the buildings and site and documenting all works.
After an extensive refurbishment, (completed in 2011), the Mill is now one of Belfast's best preserved
and most important historical buildings. It provides a unique multi-functional space, at the same time
preserving the local industrial heritage and history of the area. The mill comprises: Two main blocks
linked by a glass roof with an inner court yard; car parks to the front and rear of the complex. Facilities
within the Mill Complex include:
Disability access; 62 business units, theatre and arts spaces, High
speed Wi-Fi connection. Service lifts; Toilet facilities; free onsite parking as well as available street
parking.
The Conway Mill is one of the last remaining Mill sites in Belfast, and the only one in West Belfast,
which is community-owned. In economically devastated West Belfast the Trust recognises the need
for local communities to maintain ownership and control of assets and resources which can be used
to provide opportunities for people to become active players in the local economy and to improve
their quality of life.
.MP'I' Charitable oh"ectives are:
To presenie for the benefit of the inhabitants of Belfast and in particular of West Belfast whatever of
the historical, architectural and constructural heritage may exist in and around the Conway Mill
Complex in the form of buildings of particular beauty or historical, architectural or constructional
interest.

A stateinent ofthe main
()se% as defined b the cliai-it
co
Inission 1.%:
The advancement of environmental protection or improvement.
Wlio do we help.
Tenants
Voluntary and community sector
Interface communities
Students
Ethnic minorities
Specific areas of deprivation
Local residents
How do we do this?
The refurbishment 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
Facilitate business development
Promote educational opportunities
Develop economic opportunities
Promote Tourism locally
Improved health and wellbeing for the people of the area
HOW DO THESE ACTIVITIES PROVIDE A BENEFI
racilitc1tion of biisiiie%s develo
Ineiit
We have 62 business units within the Mill complex. Tenants represent the following industries:
Architecture & Design; Arts & Crafts; Community, Engineering: Hospitality; Insurance; Music,
Media and Production; I￿. Tourism and Leisure- Legal.
Affordable rental units provide essential space for business development and growth. The direct
impact is lower employment rates locally. Our tenants are representative of a broad Belfast base.
Attracting tenants from across the city raises the profile of the West Belfast neighbourhood and
promotes inclusion, innovation, creativity and entrepreneurship.
During the period 1st December 2022- 30 November 2023 the Conway Mill Preservation Trust
provided the following services-
romotion ofedLIC£1tioncil o
nrtunities
Students of architecture, engineering, history and international studies visit the Mill to explore its
industrial and social history, its unique Georgian architecture as seen in the Old Block and the
'new' block representative of Edwardian design. Also, of interest is the transfer of ownership to
the local community and the recent history of the Mill.

Local schools, theatre companies, local artists, musicians, heritage bodies, museums, community
organisations and production companies have benefitted from access to unique spaces within the
complex for the purpose of exhibition, performance, workshops, film and documentary and
outreach.
Tackle dereliction:
Development of The Attic in the Old Block of the main Mill complex; The Drying Room, the
Theatre, engine rooms and boiler house.
The large Attic is ideal for the development of incubation hubs for new busine55 Start-ups, we
continue to explore a way forward to make this happen and are waitinE on confirmation to put in
new stairs.
The Drying Room is still in need of development to make it a multi-functional creative space.
The Theatre has been brought into line with Health and safety regulations with new double
doors fitted and a really good makeover which has had great reviews.
The Mill Museum is almost ready to open to tourists and the public with some consultation with
the NIMC to which we are now members.
Some local schools have now used the Mills history and museum as part of their class curriculum.
Audits com
leted include..
Ansvar Insurance
Annual servicing of Lifts
Fire Risk assessment
Health and Safety audit.
Gas boilers serviced
Ecolab environmental assessment
Lightening audit.
Fire and emergency lights
Develo
econo
ortiinities
The Attic of the old Mill / engine room and boiler house connected to the Mill complex has been
identified for development for much needed start-up businesses. The Board of Directors are
exploring the costs of renovation with a view to acquiring funding to aid this much needed
development. We are very hopeful we can bring these important parts of the mill complex into
use in the future.

The Drying Room_is a unique, dramatic space which is a hidden gem within the Mill. The board are
exploring a future funding package to bring this beautiful part of the old mill complex into use.
This area is ideal for musical performance, theatre. exhibition of art, installations, presentations
and film. We also envisage marketing this space as a unique wedding venue for small intimate
weddings. This space really has it all and will be a great asset to the Mill.
The Mill Theatre is included in our marketing as a space within the Mill for weddings and other
celebrations. As part of our plan to tie in with Failte Feirste Thiar and Belfast Welcome Centre we
would hope to promote a package for cruise ship passengers which would encompass a brief
history of the Mill, traditional Irish music, song and or dance, food and refreshments. The Theatre
will attract a range of creative artists, community groups, businesses and corporations who will
be able to avail of the range of packages to fit their needs.
Promote Tourism lorall
We are developing the Mill museum / exhibition shop, the Board with help from the NIMC and
others have been exploring the best way forward with this project. We are keen to make this a
reality soon. Our Artists in residence will have an opportunity to exhibit and sell their works in the
Museum shop and with the NIMC helping us to make the best of the resources we have at hand
and tell story and experience we have of the history of linen production for the local, national and
international tourist/ visitors.
Staff and Board members engage with Failte Feirste Thiar and community tourism workshops
which are city wide and provide great networking opportunities. Creation of new services within
the Mill to meet with local and international tourism is a work in progress and we are keen to
pursue this via FFT, Belfast Welcome Centre and Belfast City Council to link-in to planned Linen
tourism trails.
Im
roved liealth ancl wellbein
During this reporting period the Trust has facilitated the following groups through the use of
Units and other spaces for the delivery of arts, community information services, counselling and
Intervention services, Education and training.
The following is a list of organisations who benefited:
John Bosco ABC
Food bank
Aisling Awards
Féile an Phobail
Workforce Awards
Conway Education Centre
AMPS Studio

TarAnall
SIPS
Conway Education Centre
MENI;
Private benefit-
This is no private benefit.
DECLARATION
The trustees declare that they have approved the trustees, report above.
Signed on behalf of the chariws trustees
Full Name(s)
Mr Andrew Martin Donnelly
Position
Director
DATE 3011112023

CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023
Independent Examiner's Report to the Trustees of Conway Mill Preserv*tioD Trust Limited
report to the trustees on my examination of the financia] statemenls of Conway Mill Preservation Trust
Limited for the year ended 30th November 2023.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purpose5 of company law) you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satistied myself that the tinancial Sthlements of the charity are not required to be audited under Part 16 of
the Companies Act 2006 and are eligible for independent examination. It is my restxynsibility to=
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.
follow the pmcedures laid down in the general Directions given by the Charity Commission for
Northern Ireland under section 65(9)(b) of the Charities Act- and
state whether particular matters have come ￿ my attenuon.
Basi5 of independent examiner's report
I have examined your charity accounts as required under section 65 ofthe Charilies Act and my examination was
carried out in a¢¢ordan¢e with the general Directions given by the Charity Commission for Northern Ireland
under 5eclion 6i(9llb) of the Charities ACL The examination included a review of the accounting records kept
by the charity and a comparison of the accounts presented with those record5. It also includes consideration of
any unusual items or disclosures in the accounts, and seeking e,xplanations from you as charity trustees
conLeming any such matters.
I have completed my eyamination. I confirni that no matters have come to my attention in connection with the
e.xamination giving me cause lo believe that in any material respect=
l. That accounting records were not kept in accordance with section )86 of the Companies Act 2006 . or
2. Thai the financial sLgtements do not accord with those accounting records . or
3. That the finan¢iai statements do not comply with the accounting requirements of section J96 of the
Comp￿leS Aci 2006 other than any requirement that the finan¢iai statements give a true and fair view which
is not a matter considered as part of an independent examination. or
4. the financial 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 charitie5
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)
Indepettdent examiner's ststement
I have completed my examination and have no concerns in respe￿ ol the maners {1 ) 10 {4) listed ai)ove and, in
connection with following the Directions of the Charity Commission for Northern Ireland. I have found no
matters that require dr
ing to your attention.
LAWRENCE SHEARER F.C.A., Senior Stathtory Auditor
FOR AND ON BEHALF OF O'HARA SHEARER, Stalu¢ory Auditor
O'HARA SHEARER
CHARTERED ACCOUNTATrrrs
AND STATUTORY AUDITORS
547 Falls Road
Belfast
BTI 19AB
Dated: 26th June 2024
Page 8

CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023
STATEMENT OF ACCOUNTING POLICIES
Accounting Convention and Basis of Accounting
The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard which applies in the UK and Republic of Ireland (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.
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.
Income Recognition
Income is recognised when the Charity has entitlement to the funds, any perforniance conditions attached
to the item(s) of income have been meL it is probable that the income will be received and the amount
can be measured reliably.
Interest Receivable
Interest on funds held is included when receivable and the amount can be measured reliably. this is
normally upon notification of the interest paid or payable by the Bank.
Resources Expended
All expenditure is accounted for on an accruals basis and is classified under headings that aggregate all
costs related to the category.
Fundraising costs include the costs of advertising, producing publications, printing and mailing fundraising
material, and staff costs in these areas.
Costs of charitable activities include direct expenditure incurred through operational activities.
Governance costs represent the costs assoclated with the governance arrnngements of the charity which
relate to the general running of the charity as opposed to those costs associat¢d with fundraising or
charitable activity.
Fixed Assets
All tangible fixed assets are recorded at cost.
Page 9

CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023
STATEMENT OF ACCOUNTING POLICIES
Continued
Depreciation
Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives
at the following rates:
Land and Buildings
Computer Equipment
Plant and Equipment
0% residual value
200/0 straight line
20 % straight line
Repairs and Renewals
All repairs and renewals are written off as incurred
Pension Costs
The charity does not currently operate a pension scheme.
Debtors and Prepayments
Trade debtors and other debtors are recognised at the settlement amount due after any discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at
their settlement amount after allowing for any trade discounts due.
Financial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured at
amortised cost using the effective interest method.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate
of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving
at the net movement in funds.
Page 10

CONWA Y MILL PRESERVATION TRUST LIMITED
FINANc￿L STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023
STATEMENT OF ACCOUNTING POLICIES
Conlinued
Fund Aceounting
Unrestricted funds are general ￿ndS that are available for use at the Trustees, discretion in furtherance of
the objectives of the charity.
Designated funds are unrestricted funds set aside by the trustees out of unrestricted funds for specific
future purposes.
Restricted funds are those given for use in a particular area or for specific purposes, the use of which is
restricted to that area or purpose.
The income received from ￿nderS depends on the charity meeting detailed criteria on expenses plans.
Grants given under such conditions are also given subject to them being obtained for in connection with the furtherance of the
charity's aims and objectives.
Such income can be repayable to the funder if such expenses plans and criteria are not met.
Such income is only defe￿ed when the donor specifies that the grantldonation must only be used in future accounting periods.
or the donor has imposed conditions which must be met before the chartty has unconditional entitlement.
Income from charitable activities includes income received under contract or where entitlement to grant funding is subject
to specific perlortnance conditions is recognised as earned as the related goodslservices are provided.
Grant income included in this category provides funding to support perforniance activities and is recognised where
there is entitlemenL certainty of receipt and the amount can be measured with sufficient reliability.
Income is defe￿ed when: fees/perfomiance related grants are received in advance of the perforniancelevent to
which they relate.
Reserves Policy
Unrestricted funds are needed to provide funds which can be applied to specific projects to enable
these projects to be undertaken at short notice and to cover the running costs of the Charity for a limited
period, should there be a significant shortfall in projected income.
Pagell

CONIVA Y hllLL PRF.SERI'ATION TRIIST LI￿1[TED
STATEIIIF.NT OF FIN.4NC'I.-11. A(TII'I'I'I ES
the income and ex
F()R TIIE I'EAR F.NDED 30'1'H NoyF.￿[B[,-R 2023
intnr
ratin
enditure attount
Ilnrestrieted Restricted EndoivDmeTht TOTAL
Funds
Funds
202J
TO"I'AL
2022
INCOME AND ENDOWNi¥IEwfs FRONI:
Donations and legacies
Income from inveslmenis
Inconic froni charitable activities
Income fmm other trading activilies
80
204,242
80
204.242
13
208.653
50
TOTAL INCOMF. AND ENDOIVNi¥IENTS
2114J22
204J22
208,716
EXPII NDITIIRE ON:
Expenditure on raising funds
Expenditure on charitable activities
oiher expenditure
Net gainsllloss¢s) on investments
164.027
164,027
194,433
TOTAL RESOURCES EXPENDED
164.027
164.027
194,433
NET INCOiWIEI{IXPENDITIIRE)
14,283
Transf¢rs between fund5
NET MOVII MENT IN FUNDS
14,2113
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGFIT FORIYARD
500
3.239.820
3.240,320 3.226,037
TOTJIL FIINDS CARRIED FORWARD
500 3.2811,115
3,280.61 S 3,24n,320
The StatemtTht of Financial Actiyities ineludt5 411 gains and losses in the year and therefore *
Sta¢emtnt of Total Recognised Gains ￿$StS has Troi been prepared
All of the aboyt amounts relate to eontinuing acfivities
The Ac¢ompa*ying actountiDg po￿￿5 Ithd the form part ofthue fip*DcixI ststemetht$
Poge 12

CONWAY MILL PRESERVATION TRUST LIMITED
BALANCE SHEET
AS AT 30TH NOVF.MBER 2023
2023
2022
NOTES
FIXED ASSETS
Tangible assets
3,604,575 3,605,540
CURRENT ASSETS
Debtors and prepayments
Cash at bank
Cash on deposit
Cash in hand
10
23,089
70,875
9,697
1,015
104,676
10,845
72,010
9,616
1,356
93,827
Creditors: amounts falling due within one year
(28,615) (26,552)
NET CURRENT ASSETSI(LIABILITIES)
76,061
67,275
TOTAL ASSETS LESS CURRENT ASSETSI( LIABILITIES )
3,680,636 3,672,815
Creditors: amounts falling due after more than one year
12
(400,021) (432,495)
NET ASSEI TSI(LIABILITIES)
3,280,615 3,240,320
FUNDS:
ENDOWNMENT FUNDS
UNRESTRICTED INCOME FUNDS
13114
500
500
RESTRICTED INCOME FUNDS
13115
3.280,115 3,239,820
3,280,615 3,240,320
These financial statements were approved by the Trustees on 26th June 2024
and are signed on their behalf by:
ANDREW DONNELL
DIRECTOR
JANE BURNS
DIRECTOR
DATE 26th June 2024
The Aceompanying accounting policies and notes form part of these financial statements
Page 13

ONWAY MILL PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMEf4lTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023
I. DONATIONS AND LEGACIES
Unrestricted Restricted
Fvnds
Fund5
Unrestrieted Restricted
Funds
Funds
2023
2022
Donations
Legacies
2. INCOME FROM INVESTMENTS
Unrestricted Restricted
Funds
Funds
Unrestrieted Restricted
Funds
Funds
2023
2022
Incomc from UK listed investmcnls
Income from cash
80
80
13
13
80
80
13
13
3. INCOME FROM CHARITABLE AcfivITIES
Unrestricted Restricted
Funds
Funds
Unrestrieted Restrieted
Funds
Funds
2023
2022
Rcnl and service ¢harges receivable
Conway street Community Enlery)rises Project Limited
National Hcrilage fund
204,242
204.242
208,653 208.653
204.242
204,242
208.653 208,653
4. INCOME FROM OTHER TRADING AcfiviTIES
Unrestricted Restricted
Fllnds
Funds
Unrestricted Restricted
FuNds
Fllnds
2023
2022
rundraising
Room hirc
50
50
50
50
Page 14

COP4WAY MILL PRESERVATION TRUST LIMITED
NOTES TO THE FINAYI CIAL STATEMEINTS
FOR THE YEAR EINDED 30TH NOVEMBER 2023
5. EXPENDITURE ON IL4ISING FUNDS
Unrestricted Restricted
Funds
Funds
Unrestricted Restrieted
Funds
Funds
2023
2022
Promotional and fundraising costs
6. EXPENDITURE ON CHAIUTABLE ACTIVITIES
Unrestricted Restricted
Funds
Fund5
Unrestricted Restricted
Funds
Funds
2023
2022
Wages and salaries {See Note 8)
Social security costs (See Note 8}
Repairs and otficc mainienance
Printing, postage, stationery and advertising
Conway Street Community Enterprises Project Limited
Sundry expenses
10,692
150
13,000
1,080
10.692
150
13.000
1.080
11,291
238
66,866
1,208
11.291
238
66,866
1,208
24,922
24.922
79.603
79.603
Support Costs and Governance costs
Light and heat
Telephone and internet
Water rates
Insurance
Accountaney fees
Covid-19 complianee planning
Other professional fees
Subwriptions and licences
Dcprcciation
Loan interest
Bank Inte￿St and charges
75,397
75.397
67,190
67,190
11,713
12,162
1.910
11.713
12,162
1,910
10,262
10,562
1.820
843
2.081
10,262
10.562
1,820
843
2,081
2,796
26
965
33,901
235
2,796
26
965
33.901
235
965
20.894
213
965
20,894
213
139.105
139.105
114.830 114,830
TOTAL EXPENDITURE ON CHARITABLE ACTIVITIES
164,027
164,027
194.433 194,433
Page 15

CONWAY MILL PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023
7. NET (OUTGOING)/ INcol￿tING RESOURCES FOR THE YEAR
This is stated after chargingl(crediting)
2023
2022
Independent examiners remuneration
Depreciation
1,910
965
1,820
965
8. SALARY COSTS AIYD EMOLUMENTS
2023
2022
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 - Ernployment Allowance
The average monthly number of employees during the year w&s as follows:
2023
Number
2022
Number
No employees had emoluments in excess of £60,000 (2022: £Nil)
Trustees, remuneration 2nd benefits
There was no trustees, remuneration or other benefits for the year ended 30th November 2023. (2022: £Nil)
Trustees, Expenses
There were no trustees, expenses paid for the year ended 30th November 2023. (2022: £Nil)
Page 16

CONWAY MILL PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023
9. TANGIBLE FIXED ASSETS
Land
and
Buildings
Computer
Plant &
Equipment Equipment
Total
COST
As at I st December 2022
3,603,455
3,375
1,451
3,608,281
Additions
Disposals
As at 30th November 2023
3,603,455
3,375
1,451
3,608,281
DEPRECIATION
As at I st December 2022
2,025
716
2,741
Charge for year
Eliminated on disposal
675
290
965
As at 30th November 2023
2,700
1.006
3,706
Net book value 2023
3,603,455
675
445
3,604,575
Net book value 2022
3,603.455
1,350
735
3,605,540
The land and buildings, stated at cosL relate to the Conway Mill Complex situated at, The Mill, 5-7 Conway StreeL
Belfast, BT13 2DE.
According to the tenns of a Letter of Offer issued by the Department of Enterprise, Trade and Investment on
18th September 2009, the Department's five year Control Period expired on 16ih 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 the Department's Letter of Offer.
Legal Charge
A legal charge was taken out on the property on 20th January 2012, as the Control Period expired on 16th June 20 I6
it will be necessary for Conway Mill Preservation Trust Limited to have a fom]al 'Deed of Release" drawn up
and issued to the Department of Enterprise, Trade and Investment for execution in order to clear this charge from
the title deeds.
The directors, have arranged with the charity's solicitor to draw up a fornial Deed of Release for approval of,
and execution by the Department of Enterprise, Trade and Investment.
The Charity's solicitors have now confirnied in December 2023 that registration of the Deed of Release in the Registry
of Deeds is now complete and the charges in relation to the Department for Communities, Department for the Economy
and International Fund for Ireland have been registered as satisfied at Companies House.
Page 17

CONWAY MILL PRFSF.RVATION TRUST LIMITED
NOTF.S TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Debtors
Prepayments
21,062
2,027
8,818
2,027
23,089
10,845
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Social security costs and other taxes
Accrued expenses
Loan - The Architectural Heritage Fund
14,469
14,146
12,678
13,874
28,615
26,552
12. CREDITORS: AMOUNTS FALLINC DUE A￿ER ONE YEAR
2023
2022
Loan - The Architectural Heritage Fund
Danske Bank Bounce Back Loan
371,571
28,450
395,279
37,216
400,021
432,495
This loan relates to a mortgage deed created 7th November 2008 between Conway Mill Preservation Trust
Limited and The Architectural Heritage Fund. The principal sum was £500,000.
13. MOVEMENT IN FUNDS
Opening Net Movement
Balance
in Funds
2023
2022
Unrestricted Income Funds
General fund
500
500
500
500
500
500
Opening Nel Movement
Balance
in Funds
2023
2022
Restricted Income Funds
Building ￿nd
3,239,820
40,295 3,280,115 3,239,820
3.239.820
40,295 3,280,115 3,239,820
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CONWAY MILL PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023
14. UNRESTRICTED INCOME FUNDS
2023
2022
Balance at I st December 2022
500
500
Incoming resources for the year
Resources expended for the year
Balance at 30th November 2023
500
500
15. RESTRICTED INCOME FUNDS
2023
2022
Balance at 1st December 2022
3,239,820 3,225,537
Incoming resources for the year
Resources expended for the year
204,322
208,716
(164,027) (194,433)
Balance at 30th November 2023
3,280,115 3,239,820
16. LEGAL STATUS
Conway Mill Preservation Trust Limited is a Company Limited by Guarantee. Each member has agreed to
contribute £1 in the event of a compulsory winding up.
Conway Mill Preservation Trust Limited is a recognised Charity within the definition
of Section 360(3) Income and Corporation Taxes Act 1970 by the Commissioners of the Inland Revenue.
Conway Mill Preservation Trust Limited is a Charity registered with The Charity Commission for
Northern Ireland Charity Number l 01569. Date of Registration 27th August 2015.
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